JPMorgan Chase shares rose 1.41% to $306.81, recovering from a downturn sparked by a $5 billion lawsuit and political criticism. The stock stabilized despite a recent court ruling allowing a "cash sweep" lawsuit to proceed.
- Wells Fargo analyst Mike Mayo maintained an Overweight rating while adjusting the price target to $350 from $360, citing positive trends in bank consolidation.
- The firm disclosed new operational risks concerning the growing difficulty of attracting and retaining personnel.
- Shares recovered from volatility linked to a lawsuit from Donald Trump and criticism from trade adviser Peter Navarro.