Trump Denies Nominating JPMorgan CEO Dimon for Fed Chair
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2026
0mins
Should l Buy JPM?
Source: Newsfilter
JPMorgan Chase & Co's stock has hit a 20-day low, reflecting investor concerns amid broader market declines, with the Nasdaq-100 down 1.99% and the S&P 500 down 1.96%.
The recent denial by Trump regarding the nomination of JPMorgan CEO Jamie Dimon for the Federal Reserve chair position has raised concerns about the bank's political relationships. Additionally, Trump's planned lawsuit against JPMorgan, alleging that the bank 'debanked' him after the Capitol attack, could further tarnish the bank's reputation and impact investor sentiment. This situation has led to increased caution among investors regarding potential legal risks associated with the bank.
As the market reacts to these developments, JPMorgan's stock performance may continue to be influenced by the ongoing political narrative and its implications for the bank's operations and market confidence.
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Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 302.550
Low
260.00
Averages
341.38
High
400.00
Current: 302.550
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rise of a Steel Titan: Carnegie's steel company, established in the 1890s, produced more steel than all of Britain, showcasing his exceptional capabilities in innovation and cost control, which propelled America's rapid industrial rise.
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- Government Pressure on Issuers: The Trump Administration is once again pressuring credit card issuers to lower interest rates, with White House trade advisor Peter Navarro stating on Bloomberg Radio that rates as high as 22% to 30% are exploitative, reflecting strong governmental dissatisfaction with the financial industry.
- Legislative Challenges: Despite Trump's call for a 10% cap on credit card rates, implementing such a cap requires Congressional action, which is unlikely given the financial industry's commitment to oppose the proposal, highlighting the difficulties in passing such legislation.
- Market Reaction: Navarro's statements led to declines in the stock prices of major credit card issuers, with JPMorgan Chase, American Express, and Citigroup experiencing drops of 6.9%, 5.6%, and 9.9% respectively over the week, indicating market concerns over government intervention.
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See More
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- AI Investment Outlook: With significant growth expected in AI capital expenditures for 2026, Nvidia's stock price remains flat compared to six months ago, and its forward P/E ratio has dropped to the lowest level since 2015, suggesting a cautious market sentiment regarding the future potential of the AI sector, which may impact investor confidence.
- Consumer Stock Performance: The relative weakness in consumer-exposed stocks contrasts sharply with the performance of traditionally defensive staples, leading to divergent interpretations in the market, which may reflect changes in cyclical demand or deeper economic concerns.
- Corporate Earnings Trends: The S&P 500 is projected to achieve low to mid-teens profit growth in the fourth quarter, surpassing consensus forecasts, yet the continuous outperformance of earnings results may lead to future adjustment risks as the market assumes such margins of victory.
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