Former President Donald Trump filed a lawsuit Thursday against JPMorgan Chase & Co. and its chief executive Jamie Dimon, seeking at least $5 billion. The complaint alleges the bank terminated banking services for Trump and his enterprises for political reasons, accusing JPMorgan of trade libel and breaching the implied covenant of good faith.

JPMorgan responded that it does not close accounts based on political or religious views, citing compliance with federal regulations. Litigation analyst Elliot Stein of Bloomberg Intelligence expressed doubt about the suit’s merit, noting that banks document risk assessments before ending relationships, a factor that could influence investor perception of the lender’s governance.

Investors will monitor how the case affects JPMorgan’s litigation exposure and whether it prompts broader scrutiny of “de‑banking” practices across the sector. A court ruling could set precedent for political‑risk claims, potentially prompting banks to tighten documentation. Market analysts expect the dispute to add modest volatility to the bank’s stock until resolution.