JPMorgan Chase Responds to Trump's Lawsuit, Claims No Merit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Lawsuit Response: JPMorgan Chase expressed regret over President Trump's lawsuit, asserting that it lacks merit while emphasizing respect for the President's right to sue and the company's right to defend itself, showcasing its firm stance on legal matters.
- Account Closure Policy: The company reiterated that it does not close accounts for political or religious reasons, but rather due to legal or regulatory risks, indicating a strict approach to compliance management aimed at maintaining its reputation and legality.
- Regulatory Appeals: JPMorgan Chase stated it has repeatedly urged both current and previous administrations to change the rules and regulations that lead to account closures, reflecting the company's concern over the policy environment and its desire for improvement.
- Banking Sector Weaponization: The firm supports the current administration's efforts to prevent the weaponization of the banking sector, indicating its commitment to maintaining the stability and fairness of the financial system, which aims to protect customer and market trust.
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: 302.040
Low
260.00
Averages
341.38
High
400.00
Current: 302.040
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.








