US President Donald Trump has filed a civil lawsuit against JPMorgan Chase & Co (NYSE:JPM, XETRA:CMC) and its CEO, Jamie Dimon, claiming the bank cut off his access to banking services for political reasons after the events of January 6, 2021, when protesters stormed the US Capitol. The lawsuit, filed in Miami-Dade County, Florida, is seeking at least $5 billion in damages.
His compensation included a base salary of $1.5 million and $41.5 million in incentives.
President Donald Trump sued JPMorgan Chase and CEO Jamie Dimon for $5 billion on Thursday (Jan. 22), alleging that the financial institution debanked him and some of his companies for political reasons in 2021.
The pay package for the 69-year old is a 10% increase from the previous year.
Trump alleges bank made a “woke” political decision to shut down family-business accounts following the Jan. 6, 2021, Capitol riot.
Trump sued JPMorgan and Jamie Dimon for at least $5 billion. The president alleges that JPMorgan debanked him after the January 6 protests for political reasons.
JPMorgan Chase CEO Jamie Dimon said Wednesday he disagreed with President Donald Trump's approach to U.S. immigration. Dimon made an apparent reference to videos of U.S. Immigration and Customs Enforcement officers rounding up people alleged to be undocumented immigrants.
When it comes to Tuesday's volatility, @ProsperTradingAcademy's Scott Bauer presents a scenario where the downside moves will be short-lived. As for his Big 3, he offers example options trade for Alphabet (GOOGL), JPMorgan Chase (JPM), and GE Aerospace (GE).
The Wall Street Journal last week reported Trump offered to nominate Dimon for Fed chair, although the news outlet added that Dimon took the offer as a joke.
JPMorgan CEO Jamie Dimon told a top business conference Thursday that he plans to stay on in the role for "at least" another five years -- an oft-repeated refrain from the exec that a spokesperson described as a joke.
JPMorgan delivered solid Q4 results, but valuation remains elevated, justifying a reiterated hold rating. The firm's revenue and net interest income grew 7% YoY, though top-line growth decelerated and credit costs increased due to reserve builds. Strategic investments are driving higher expense guidance for FY2026 but are viewed as necessary for long-term competitiveness.
JPMorgan Chase & Co. (JPM) posted strong Q4 results, beating top- and bottom-line estimates, but showed weakness in its CIB segment. I maintain a BUY rating on JPM, projecting a price target of $358 and over 15% upside, but recommend dollar-cost averaging due to short-term risks. The Apple Card acquisition offers strategic upside but introduces heightened credit risk and potential for increased loan-loss provisions.