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How the coronavirus has hit the biggest US banks, in five charts

Warning signs for coronavirus disease (COVID-19) are seen on a Wells Fargo bank door in New York City.
Reuters/Lucas Jackson
Profit warning.
  • John Detrixhe
By John Detrixhe

Future of finance reporter

Published Last updated on

Banks are about to get walloped by the coronavirus pandemic.

Stock prices for the banking giants have leveled off after plunging last month as the number of Covid-19 cases increased exponentially and governments lockdowns ensued. Officials are injecting fiscal and monetary steroids to try and avert an even deeper recession, providing aid that could hopefully cut down on missed payments, from credit cards to mortgages, and prevent the bottom from falling out of the economy.

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