Shares of U.S. big banks came under pressure in early trading on Monday from broader selloff in the market and the WSJ report, Adam Sarhan, CEO of 50 Park Investments said. “Whenever you see a headline show up Amazon coming in and offering checking accounts with JPMorgan that triggers investors to sell first in the face of uncertainty and ask questions later,” he said. In January, Amazon.com, Berkshire Hathaway Inc and JPMorgan said they will form a company to cut health costs for hundreds of thousands of their employees.
Source: Yahoo! News