Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
JPMorgan Chase & Co. Chief Executive Jamie Dimon acknowledged the tragedy of bloodshed in Israel and said bank employees remained safe over the weekend, as bank stocks fell more deeply into the red than the broad market on Monday.
The bank remains grateful that all of its employees in the country and those traveling in the region had been confirmed safe on Sunday, he said.“The human cost of wars and terrorism are enormous, with too many lives lost and changed forever,” Dimon said. These six megabanks kick off the third-quarter earnings season on Friday, with updates from JPMorgan Chase, Citigroup and Wells Fargo.
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