JPMorgan stock heads into Tuesday with Trump lawsuit threat and credit-card cap in focus
JPMorgan shares closed up 1% at $312.47 after Donald Trump said he plans to sue the bank within two weeks over alleged “debanking.” CEO Jamie Dimon denied offering Trump the Fed chair role. Banks are seeking details on Trump’s plan to cap credit card interest rates at 10% starting January 20. U.S. markets will be closed Monday for Martin Luther King Jr. Day.