Bank of America and JPMorgan are set to lobby the White House and Congress to defend themselves from accusations by President Donald Trump and others that they have shut down accounts of conservative customers on political grounds.

Mamtha Banerjee is the new leader of the JPMorgan Chase Seattle Tech Center. (JPMorgan Chase Photo) JPMorgan Chase named a new leader of its Seattle Tech

JPMorgan Chase produced one of the best quarterly results of its peer growth relative to expectations. Learn more about JPM stock here.

In response to external attacks on DEI at big-name financial firms, JPMorgan Chase CEO and Chair Jamie Dimon had a few choice words regarding the activists: “Bring them on.” The comments were made Wednesday on CNBC’s “Squawk Box” program, filmed at the World Economic Forum in Davos, Switzerland.

JPMorgan Chase CEO Jamie Dimon, who oversees the country’s largest bank, said Wednesday that Americans need to “get over it” when it comes to President Donald Trump ’s tariff plans driving up prices, as many economists have warned they will.

How JPMorgan Chase performs in 2025 will largely depend on how economic conditions evolve. A backdrop of a firm labor market and durable credit conditions would support the bank's income growth. Investors comfortable with this baseline scenario have good reason to buy or hold the stock.

JPMorgan Chase management disabled comments on an internal webpage where the policy was announced, according to the Wall Street Journal.

Wells Fargo blasted 6.7% higher on Jan. 15 thanks to solid results, including 11% higher diluted earnings per share and 15% growth in fee-based revenue. JPMorgan Chase popped 2% on Jan. 15 and reached an all-time high on Jan. 17 in response to excellent results and another year of record revenue and net income.

Senate Banking Committee member Elizabeth Warren is concerned the Federal Reserve may be “turning a blind eye” to alleged misconduct by America’s largest bank.

Bank of America and Citigroup also received shareholder proposals from right-leaning groups challenging their business practices.

JPMorgan Chase ( NYSE: JPM) is set to revamp its former headquarters at 383 Madison Avenue, according to a Wednesday media report, with plans to accommodate Manhattan staff in both the renovated building and its new tower.