JPMorgan, Financial institution of America, Citigroup droop inventory buybacks because of pandemic



(L-R) Michael Corbat, chief govt officer of Citigroup Inc., Jamie Dimon, chief govt officer of JPMorgan Chase & Co., James Gorman, chief govt officer of Morgan Stanley, Brian Moynihan, chief govt officer of Financial institution of America Corp., Ron O'Hanley, president and chief govt officer of State Avenue Corp., Charles Scharf, chief govt officer of Financial institution of New York Mellon Corp., and David Solomon, chief govt officer of Goldman Sachs & Co., are sworn in earlier than a Home Monetary Providers Committee listening to on April 10, 2019 in Washington, DC.

Alex Wroblewski | Getty Pictures

The Monetary Providers Discussion board, which incorporates among the greatest banks in the US, introduced Sunday that its members would cease inventory buybacks by means of the second quarter of the yr due to the coronavirus pandemic. 

The group which incorporates JPMorgan Chase, Financial institution of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs and two different banks stated in an announcement that the...



Supply cnbc.com



Source marketwatch.com