Following Trump's lead, organizations including Walmart, Lowe’s and Meta have announced they would scale back their commitments to diversity, equity and inclusion programs.

Stocks were mostly lower on Tuesday after President Donald Trump’s 25% tax on imports from Canada and Mexico, and an additional 10% tariff on Chinese goods went into effect. The S&P 500 and Dow Jones Industrial Average fell 0.

A Morgan Stanley filing highlights its proportion of women and ethnically diverse employees but contains a statement on “meritocracy.” Meanwhile, Capital One isn't touting pay equity like it used to.

JPMorgan has hired RBC Capital markets’ head of equity capital markets for the past decade, Justin Grimmond, as its new head of ECM Australia.

Shares of JPMorgan Chase ( JPM -3.98%), the largest bank in the U.S. by assets, traded nearly 5% lower as of 10:52 a.m. ET. Shares of Wells Fargo ( WFC -4.84%) traded 6.5% lower at that time, while shares of Citigroup ( C -6.25%) were down 7.5%.

Sphere Entertainment (NYSE:SPHR – Get Free Report) had its price target dropped by JPMorgan Chase & Co. from $57.00 to $54.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock.

Morgan Stanley strategist Michael Wilson ... The Bloomberg Magnificent Seven Index, by contrast, has fallen 1.9%. JPMorgan Chase & Co. strategist Mislav Matejka said a more subdued outlook ...

JP Morgan largely omitted mention of its DEI initiatives in its latest SEC filing, signaling that the bank may be backing off CEO Jamie Dimon's combative posture.

Lear (NYSE:LEA – Get Free Report) had its price target cut by equities researchers at Morgan Stanley from $135.00 to $125.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock.