A growing collection of hedge fund managers, financiers and analysts say the markets are now running too hot and are at risk of a sudden downturn.

JPMorgan Chase, Citizens and Huntington have reduced or eliminated their references to diversity, equity and inclusion amid a White House crackdown, according to the banks’ latest annual filings.

Trump’s efforts at the federal level have not just affected the government. His focus on DEI—which he had also targeted throughout his campaign —comes as major companies also scale back on their DEI initiatives, some in small ways, others by dismantling full branches of their organizations.

The issue was discussed by CEO David Solomon and the bank’s partners at their annual meeting in Miami earlier this month, multiple sources told The Post.

America’s banks have been using artificial intelligence to spot fraud for years. JPMorgan Chase, the country’s biggest bank, is now making a bigger bet on AI, working to put it at the center ...