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JPMorgan's stock, trading around $223, was on course for its biggest daily percentage gain in 1-1/2 years. JPMorgan's investment-banking fees surged 31%, doubling guidance of 15% last month.
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Powell’s preemptive strike against any attempt that Trump or his allies might make to undermine the Fed’s leadership set a marker in what could become a massive fight over the central bank’s future.