Big Bank Stocks Fall as Jamie Dimon Says Recession Is 'Likely Outcome' of Tariffs
1. Big banks rebounded after Trump paused import taxes for 90 days. 2. JPMorgan's Dimon warned of possible recession due to tariffs. 3. Bank stocks surged: JPM up 8%, BAC up 6%, WFC and C rose 7%-9%. 4. Quarterly earnings from major banks are anticipated this Friday. 5. Investor focus on tariffs affecting client borrowing and repayments.