Financials fall as AI agent concerns weigh on bank stocks
Bank and financial-institution shares fell amid concerns over how consumer-focused AI agents could affect banking, including possible reductions in consumer bank fees.
Shares of banks and other financial institutions fell as concerns grew over the implications of consumer-oriented artificial-intelligence agents. One likely use of digital assistants would be saving on bank charges. Consumer-oriented banks including JPMorgan, Wells Fargo and Bank of Ame…