---
title: "U.S. Stock Market News | Banking stocks decline, Goldman Sachs falls more than 4%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/213332197.md"
description: "On Tuesday, US bank stocks fell. As of the time of publication, Goldman Sachs dropped more than 4%, Barclays dropped more than 3.6%, Morgan Stanley dropped more than 3.4%, Citigroup dropped more than 2.5%, and JP Morgan Chase dropped more than 1.7%. On the news front, sources revealed that Goldman Sachs plans to lay off more than 1,300 employees globally as part of an initiative to eliminate low-performing staff. This round of layoffs is expected to account for 3% to 4% of Goldman Sachs' total workforce in 2024"
datetime: "2024-09-03T14:59:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/213332197.md)
  - [en](https://longbridge.com/en/news/213332197.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/213332197.md)
---

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# U.S. Stock Market News | Banking stocks decline, Goldman Sachs falls more than 4%

According to the Zhitong Finance and Economics APP, on Tuesday, US bank stocks fell. As of the time of publication, Goldman Sachs (GS.US) fell by over 4%, Barclays (BCS.US) fell by over 3.6%, Morgan Stanley (MS.US) fell by over 3.4%, Citigroup (C.US) fell by over 2.5%, and JP Morgan (JPM.US) fell by over 1.7%. On the news front, sources revealed that Goldman Sachs plans to lay off more than 1,300 people globally as part of an elimination plan for low-performing employees. This round of layoffs is expected to account for 3% to 4% of Goldman Sachs' total workforce in 2024

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