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208 days

Trump Says JPMorgan, Bank of America Won't Do Business With Conservatives

1. Bank of America insists it does not discriminate against clients politically. 2. Trump claims banks, including BAC, limit conservatives from doing business. 3. JPMorgan and BAC emphasize adherence to extensive regulations over politics. 4. Both BAC and JPMorgan saw over 1% share price increases today. 5. The KBW Nasdaq Bank Index ended the day positively amid this context.

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FAQ

Why Neutral?

The banks' defense against the political claims may stabilize their stock, but lack of new growth catalysts limits significant upward movement.

How important is it?

The article highlights regulatory statements that may influence investor perception but doesn't directly affect financial indicators.

Why Short Term?

This news addresses immediate political concerns but does not suggest long-term financial changes for BAC.

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