Billionaire Ackman Thanks Trump for Trump Accounts Initiative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9h ago
0mins
Source: Benzinga
- Trump Accounts Initiative: Billionaire investor Bill Ackman publicly thanked Trump for making his five-year-old idea of providing every newborn American with a stake in capitalism a reality, indicating strong support and anticipation for the policy.
- Financial Institutions Involvement: Visa announced it will collaborate with U.S. financial institutions to allow cardholders to direct credit card rewards into Trump Accounts, aiming to enhance capital accumulation for newborns and promote future economic participation.
- Fiscal Contribution Program: Under the One Big Beautiful Bill signed last year, Trump Accounts will provide a $1,000 Treasury contribution for American children born between 2025 and 2028, investing in index funds to create a wealth foundation for the next generation.
- Mixed Reactions: While the initiative aims to promote capitalism education and participation, it has received mixed reactions, reflecting societal divisions regarding the policy and its potential controversies.
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Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPM is 341.38 USD with a low forecast of 260.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 300.770
Low
260.00
Averages
341.38
High
400.00
Current: 300.770
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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