JPMorgan's shares pulled back 4% on Friday to close at $43.21. The stock has now returned 31% year-to-date, following a 20% decline during 2011.
A House Republican proposal to repeal the banking crisis-era Dodd Frank Act would slash the federal budget deficit by $24 billion over a decade, according to the Congressional Budget Office.
Formed in 2014 with investments from financial institutions including Goldman Sachs and Bank of America, Symphony has previously raised about $170 million to solve an 'industrywide communication challenge.'
Regulators have pressured U.S. banks in recent years to hoard capital. Now, that's about to change.