It is shaping up to be another ugly day for bank stocks around the world. JPMorgan Chase, Bank of America, Morgan Stanley and Goldman Sachs sold off Friday morning, after sliding Thursday. So did shares of Citigroup,

JPMorgan forecasts a recession in the US this year triggered by new tariffs, predicting a GDP contraction of 0.3% and an unemployment rate of 5.3%.

Since 1987, the American Association of Individual Investors (AAII) has conducted weekly surveys to measure investor sentiment. Participants answer a simple question: Do you think stock market over the next six months will increase (bullish), stay the same (neutral), or decline (bearish)? Results are published every Thursday morning.

JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.

The negative forecasts are a stunning turnaround for the president, who swept into office pledging to unleash a Golden Age of prosperity.

A day after issuing a scathing assessment of President Donald Trump's key economic agenda, JPMorgan’s top economist raised estimates the odds of a global recession at 60%. Analysts at JPMorgan Chase warned late Wednesday that the impact of Trump’s new set of tariffs — which they dubbed “the largest tax increase since the Revenue Act of 1968" — could take the economy “perilously close to slipping into recession.

Shares of JPMorgan Chase & Co., which traded ex-dividend on Friday, erased some $51 billion from its market capitalization. Regional lenders also took a hit with the KBW Regional Banking Index slumping 3.7%, to close at the lowest level since July 9.