** Shares of major U.S. banks dive as February's jobs data clouds expectations over next Federal Reserve's rate cut and economy's health

** JPMorgan Chase JPM.N, Goldman Sachs GS.N, Morgan Stanley MS.N, Bank of America BAC.N, Citigroup C.N and Wells Fargo & Co WFC.N are down; Wells Fargo leads the declines with 4.4% fall

** U.S. jobs data has failed to soothe worries of world's largest economy slowing down which has worsened with President Trump imposing tariffs on key trading partners

** A Labor Department report showed job growth picked up in February from the previous month. However, unemployment ticked up to 4.1%, adding to worries about the economy's resilience

** Following the data, traders added to expectations that the central bank will lower borrowing costs for the first time in June, according to data compiled by LSEG

** S&P 500 Banks .SPXBK index is down 2.4%

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))