U.S. bank stocks fell sharply before the market due to concerns about a U.S. recession

JPMorgan Chase (JPM. N) fell 3.1%, Wells Fargo (WFC. N) fell 1.6%, Goldman Sachs (GS. N) fell 1.6%, Morgan Stanley (MS. N) fell 3.7%, Citigroup (C. N) fell 4.5% and Bank of America (BAC. N) fell 4.4%.