BUZZ-Major US banks down as weak consumer data drags market

Reuters
26 Feb
BUZZ-Major US banks down as weak consumer data drags market

** Shares of major U.S. banks fell tracking overall weakness in the market

** S&P 500 index .SPX hit a three-week low after fresh economic data indicated a deterioration in consumer sentiment and investors braced for the potential impact of tighter U.S. trade curbs on Beijing

** JPMorgan Chase JPM.N, Goldman Sachs Group GS.N, Morgan Stanley MS.N, Bank of America BAC.N and Citigroup C.N down between 1.1% and ~1.7%

** S&P 500 .SPXBK banks index fell 1.5%

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

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

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