Why Even High-Quality Financial Stocks American Express, Blackstone, and Ally Financial Plunged Today

  • Shares of large-cap financial stocks, even blue chip names such as American Express (AXP -4.03%), Blackstone (BX -8.41%), and Ally Financial (ALLY -4.74%), plunged on Monday, with the above three stocks falling 4.3%, 7.8%, and 5.1%, respectively, as of 2:17 p.m. ET.