Trump Denies Considering JPMorgan's Dimon for Fed Chair Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Chairman Controversy: Trump publicly stated on social media that he never considered JPMorgan CEO Jamie Dimon for the Fed chair position, contradicting a WSJ report, which may affect market expectations regarding Fed personnel changes and investor sentiment.
- Escalating Legal Threats: Trump threatened to sue JPMorgan within two weeks for allegedly and inappropriately debanking him following the January 6 Capitol attack, raising concerns about compliance and political risks in the banking sector that could impact market stability.
- Dimon's Position: Despite rumors of Trump offering him the Fed chair role, Dimon dismissed the suggestion as a joke, indicating his wariness of political interference, which could influence his reputation within the financial community and among investors.
- Market Reaction Potential: Trump's statements and legal threats may undermine investor confidence in JPMorgan, particularly against a backdrop of regulatory scrutiny and market volatility, potentially affecting the bank's stock performance and capital flows.
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 344.31 USD with a low forecast of 305.00 USD and a high forecast of 370.00 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.
17 Analyst Rating
11 Buy
6 Hold
0 Sell
Moderate Buy
Current: 309.260
Low
305.00
Averages
344.31
High
370.00
Current: 309.260
Low
305.00
Averages
344.31
High
370.00
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.
