Tuesday was not just the day before the Federal Reserve announced its latest rate cut. It was also the day that the leader of U.S. bank stocks dropped like a rock. JPMorgan (JPM) fell by 4.66% on the day, after the CEO of its Consumer & Community Banking unit startled traders by explaining that its expenses are likely to rise next year. The culprits: inflation and competition. The result? A lot of lost market cap. More News from Barchart One has to wonder if the concerns about the broader economy and ...