UPDATE 3-US bank stocks tumble; weak economic data sparks recession fears Updates with closing prices, adds Morgan Stanley's note in paragraph 16 By Manya Saini and Saeed Azhar Aug 5 (Reuters) - U.S. bank stocks slumped on Monday as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and toward safe-haven assets.

US banks tumble as weak economic data sparks recession fears Aug 5 (Reuters) - U.S. bank stocks slumped on Monday as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and toward safe-haven assets. Citigroup C.N led big bank losses with a 6% fall. Wells Fargo WFC.N , Bank of America BAC.N and Goldman Sachs GS.N fell about 4% each, while JPMorgan Chase JPM.N and Morgan Stanley MS.N declined 2.5% and 3.5%, respectively.

BUZZ-Economy-sensitive US banks fall on US recession fears ** Shares of economy-linked banks fall in U.S. premarket trading amid a broader sell-off in global equities ** Global stock markets tumbled on Monday as fears of a U.S. recession sent investors fleeing from risk, while wagering that rate cuts would be needed to rescue growth ** Major banks JPMorgan Chase JPM.N , Wells Fargo WFC.N , Goldman Sachs GS.N , Morgan Stanley MS.N , Citigroup C.N , and Bank of America BAC.N drop between 1.6% and

BRIEF-Fifth Third Bancorp To Purchase About $200 Mln Of Common Stock July 23 (Reuters) - Fifth Third Bancorp FITB.O : FIFTH THIRD BANCORP: GOT INTO NEW SHARE REPURCHASE AGREEMENT TO PURCHASE ABOUT $200 MILLION OF COMMON STOCK Source text for Eikon: [ID:n0000035527-24-000193] Further company coverage: FITB.O

U.S. RESEARCH ROUNDUP-Colgate-Palmolive, McKesson, Microsoft July 23 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Colgate-Palmolive, McKesson and Microsoft, on Tuesday. HIGHLIGHTS * Colgate-Palmolive Co CL.N : TD Cowen initiates coverage with buy rating; PT $110 * DR Horton Inc DHI.N : JP Morgan raises target price to $180 from $163 * IQVIA Holdings Inc IQV.N : Baird raises target price to $251 from $235 * McKesso