Trump Denies Offering JPMorgan CEO Dimon Fed Chair Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
0mins
Source: Yahoo Finance
- Nomination Denial: Trump publicly denied on Truth Social that he ever offered the Fed chair position to JPMorgan CEO Jamie Dimon, contradicting a Wall Street Journal report, indicating his dissatisfaction with media narratives.
- Legal Action Plan: Trump plans to sue JPMorgan within the next two weeks for allegedly 'debanking' him following the January 6, 2021, Capitol attack, which could negatively impact JPMorgan's reputation and client relationships.
- Political Implications: Trump's statements and lawsuit plans may attract significant attention in the financial sector, particularly amid rising tensions between him and JPMorgan, potentially affecting investor confidence in the bank.
- Media Trust Crisis: Trump's criticism of the media highlights ongoing tensions with mainstream outlets, which may exacerbate the public's trust crisis in news reporting, impacting the credibility of the media.
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.
