JPMorgan Chase, Trump and Bank of America
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JPMorgan Chase ( JPM +1.82%) is a leading financial institution that has its hands in all areas of the industry, from investment banking and capital markets to consumer banking and asset management. Its shares have been a big winner, producing a total return of 156% in the past five years (as of Jan. 26).
JPMorgan Chase has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.
JPMorgan Chase says President Trump's lawsuit "has no merit."
President Trump has filed a $5 billion lawsuit against JPMorgan Chase and its CEO, alleging the bank shut down his accounts for political reasons.
President Trump has followed through on his threat to sue JPMorgan Chase and CEO Jamie Dimon for $5 billion, accusing the nation’s largest bank of politically motivated “debanking” after Jan. 6. The suit,
President Donald Trump sued JPMorgan Chase bank and its CEO Jamie Dimon Thursday for closing his accounts in 2021 after the Jan. 6 capitol riots.
Chase Bank closed Trump's accounts on the heels of the Jan. 6, 2021, U.S. Capitol riot and the president exiting the White House later that same month.
FIRST ON FOX: President Donald Trump is suing JPMorgan Chase and its CEO Jamie Dimon in a $5 billion lawsuit filed Thursday, accusing the financial institution of debanking him for political reasons.
(Corrects figures in 13th paragraph concerning total reported spending on lobbying.) By Lananh Nguyen, Manya Saini and Douglas Gillison NEW YORK/WASHINGTON, Jan 25 (Reuters) - U.S. President Donald Trump's lawsuit against JPMorgan Chase and its CEO Jamie Dimon highlights a growing,