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JPMorgan shares drop on report CEO Dimon headed to Treasury


NEW YORK JPMorgan Chase & Co (JPM.N) shares dropped to a session low as volume jumped late in the trading session on Wednesday after Fox Business Network reporter Maria Bartiromo tweeted that the bank’s chief executive Jamie Dimon might get the Treasury Secretary position and a “big meeting” was planned on Thursday.

Bartiromo tweeted she was “hearing” Dimon will get the position under President-elect Donald Trump with a meeting scheduled for Thursday, sending shares to a session low of $76.88 as volume in the stock hit nearly 2.5 million shares in a five minute period. Shares closed down 2.5 percent at $77.40.

(Reporting by Chuck Mikolajczak; Editing by Alden Bentley)

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Reuters