Jamie Dimon says Trump’s $5 billion debanking lawsuit ‘has no merit’ but he’s sympathetic to concerns

Jamie Dimon says Trump’s billion debanking lawsuit ‘has no merit’ but he’s sympathetic to concerns

Key Points

JPMorgan Chase CEO Jamie Dimon said President Donald Trump’s lawsuit seeking $5 billion in damages for shuttering accounts was without merit.
But he said he sympathized with the president’s anger over the episode.
In recent court filings, JPMorgan acknowledged it closed dozens of accounts associated with Trump in the weeks after the Jan. 6, 2021, Capitol attack.

Source

Finance

Retail investors had two favorite trades during Monday’s market turmoil

March 2, 2026

Mom-and-Pop investors rushed into a pair of trades on Monday following the U.S.-Israeli strikes on Iran. Retail investors sent millions of dollars on a net basis into the State Street Energy Select Sector SPDR ETF (XLE) and Palantir in the first hour of Monday’s session, according to VandaTrack. But the broader market didn’t see the […]

Finance

Berkshire Hathaway shares drop more than 4% after poor fourth-quarter results, no bold moves by new CEO Abel

March 2, 2026

Key Points Shares of the Omaha-based conglomerate fell after Berkshire reported operating earnings of $10.2 billion in the fourth quarter – a nearly 30% decline from the year-ago period. Berkshire ended 2025 with a cash pile of more than $370 billion. Some on Wall Street had hoped for more aggressive signals on capital deployment. Source

Finance

Citadel’s various hedge funds rise in February, beating the S&P 500 in a choppy month

March 2, 2026

Ken Griffin, CEO of Citadel LLC speaks on Squawk on the Street at the World Economic Forum in Davos, Switzerland on Jan. 21, 2026. Oscar Molina | CNBC Billionaire investor Ken Griffin’s various hedge funds at Citadel generated positive returns in February, navigating a volatile month for markets as macro uncertainty and disruption from artificial intelligence […]