JP Morgan Chase & Co (JPM)

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Banks in trouble:
The market would seem to have spoken clearly on just how “strong” these banks are. Since the first trading day of the year, January 2, to yesterday’s closing price, here’s the factual reality of just how much common equity capital these banks have bled: Citigroup is down a stunning 48 percent, losing almost half of its common equity capital; Bank of America has lost 35 percent; while JPMorgan Chase, the bank that has perpetually bragged about its “fortress balance sheet,” is down 34 percent year-to-date. And the U.S. is only seven months into what could become a prolonged economic downturn

https://wallstreetonparade.com/2020/09/shhh-dont-tell-the-fed-these-wall-street-banks-have-tanked-34-to-48-percent-year-to-date-the-fed-thinks-theyre-a-source-of-strength/