Investors were unimpressed with first-quarter earnings results from the mega-banks, with shares of JPMorgan declining by more than 6%.
US stocks sold off on Friday, with the Dow Jones Industrial Average dropping by nearly 500 points amid fears of a possible Iranian attack against Israel.
US intelligence reports indicated thata potential attack against Israel by Iran or its proxies was imminent within the next few days. The reports, which was confirmed by a US official, specified that a potential drone strike against Israel could target «possibly on Israeli soil» rather than Israeli interests outside of the country.
Such an attack would come shortly after Israel launched a missile strike that killed seven Iranian military personnel in Syria.
Fears of an escalation of tensions in the Middle East sent oil prices higher and bond yields lower.
