Shares of major U.S. money-center banks declined, with Citigroup falling 4%, Bank of America down 3%, and JPMorgan Chase slipping 0.9%. Bank of America's drop follows a $39 million settlement over Merrill Lynch cash sweep accounts, but this legal issue alone doesn't explain Citigroup's larger decline. The steeper fall in Citigroup shares suggests broader market positioning is driving the selloff among large banks. Investors will watch if Citigroup continues to lead losses and if JPMorgan's relatively smaller decline signals limited spread of selling pressure across the sector.
Citigroup's market cap stands at $217.19 billion with a dividend yield of 2.07%, while Bank of America holds a larger market cap of $380.62 billion and a 2.35% dividend yield, and JPMorgan Chase leads with a $879.41 billion market cap and a 1.99% dividend yield. On Pluang, as of Oct 01, 2026 23:02 WIB, Citigroup shares are down 2.93%, Bank of America shares have fallen 1.86%, and JPMorgan Chase shares are slightly down 0.39%. The volume for Bank of America is notably higher at over 33 million shares traded, indicating significant investor activity compared to the other two banks.
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