JPMorgan stock drops as Trump sues Jamie Dimon — and Fed week looms
JPMorgan Chase shares fell 1.7% to $298.45 after Donald Trump sued the bank and CEO Jamie Dimon for $5 billion, alleging politically motivated account closures. The bank called the claims baseless. Bank stocks broadly declined, with the KBW Nasdaq Bank Index down 1.4%. The Federal Reserve will announce its next policy decision on Jan. 28.