JPMorgan Chase & Co. (NYSE: JPM) finished Thursday’s regular session lower even as the broader market ended in the green, then held near those levels in after-hours trading as investors digested a busy late-day news flow and looked ahead to a key calendar day for markets on Friday, Dec. 19. [1]
Below is what happened to JPM stock after the bell on 18.12.2025, the major headlines hitting today, and the specific risk events and data points that could matter before the opening bell tomorrow.
JPM stock price today: where JPMorgan shares closed and how they traded after hours
JPMorgan stock closed at $313.00, down 0.63% on Thursday, Dec. 18, 2025. In after-hours trading, shares were $312.77 (down about 0.07%) as of roughly 5:24 p.m. ET, a modest move that suggests no single “shock” headline immediately changed the near-term narrative—at least in thin post-close liquidity. [2]
Under the surface, trading was more active than the flat close implies:
- Day’s range: roughly $312.22 to $317.70
- Volume: about 7.9 million shares
- Market cap: about $883 billion (based on end-of-day pricing feeds)
For context, U.S. equities broadly advanced Thursday—S&P 500 +0.79%, Nasdaq +1.06%, Dow +0.14%—making JPM’s red close stand out as more of a sector/positioning story than a “market is risk-off” story. [3]
Why JPMorgan stock lagged the market today: rates, CPI, and bank sensitivity
Big banks like JPMorgan tend to trade as a high-quality “core” financial—strong franchise, diversified earnings—but in the short run they can still swing with interest-rate expectations and the shape of the yield curve.
Thursday’s major macro driver was the U.S. CPI report for November 2025, which came in cooler than many investors expected:
- Headline CPI: +0.1% month-over-month; +2.7% year-over-year
- Core CPI: +0.2% month-over-month; +2.6% year-over-year [4]
That “cooler inflation” impulse supported the broader tape, but it can be a mixed bag for banks depending on how bond yields move: falling yields can pressure net interest income expectations at the margin, even as easing inflation can also reduce credit stress risks.
One more wrinkle: Reuters noted that the prior U.S. government shutdown created data-collection challenges for the CPI report, an asterisk some traders will keep in mind as markets price the path of cuts into 2026. [5]
The biggest JPMorgan-related headlines from today—and why they matter for the stock
1) UK Supreme Court blocks major forex lawsuit against big banks (late-day legal headline)
After the U.S. close, Reuters reported that major banks including JPMorgan, UBS and Citi won their bid to block a £2.7 billion (about $3.6 billion) UK mass lawsuit tied to alleged foreign-exchange rigging. The UK Supreme Court upheld the banks’ appeal, with the court describing the case’s merits as weak. [6]
Why this matters for JPM stock:
- It’s not an earnings “game-changer” on its own, but it reduces tail-risk and removes a litigation overhang that can weigh on large financials—especially into year-end positioning.
- Timing matters: because it hit after the U.S. cash close, any market reaction is more likely to show up in Friday’s regular session than in Thursday’s thin after-hours tape.
2) Bloomberg: JPMorgan regains the top spot in U.S. investment-grade credit sales for 2025
Bloomberg reported Thursday that JPMorgan reclaimed the No. 1 position in U.S. investment-grade credit sales (a major league-table bragging right and a window into underwriting momentum). [7]
Why this matters:
- It reinforces the “JPM as the all-weather franchise” thesis: even if rate-driven net interest dynamics ebb and flow, the firm’s capital markets machine can keep producing.
- For investors, league-table wins can act as soft confirmation that fees and client flow stayed resilient through 2025’s macro and political volatility.
3) Truist raises its JPM price target (today’s notable analyst “forecast”)
A Reuters-sourced note reported via TradingView said Truist raised its price target on JPMorgan to $330 from $319, while keeping a Hold rating. The note pointed to improved expectations around card losses and higher share repurchases, and it cited maintained longer-range EPS estimates (2026 and 2027). [8]
Why this matters:
- It’s a very “bank analyst” read: the debate isn’t whether JPM is strong—it’s whether the stock is already pricing in that strength.
- A target lift paired with a Hold can still be supportive, but it also tells you valuation is getting tighter: analysts can raise targets because the tape moved, not because conviction changed dramatically.
4) M&A in 2025 was near-record; bankers see more mega-deals in 2026 (macro tailwind for JPM’s investment bank)
Reuters’ M&A analysis said global deal value in 2025 topped $4.8 trillion, near record levels, with a sharp Q4 pickup and bankers expecting more mega-deals in 2026. [9]
Why this matters for JPM:
- JPM’s advisory and financing franchises are positioned to benefit if deal volume stays elevated.
- Investors often treat M&A momentum as a forward signal for investment banking fees and related markets activity—important for diversified banks as rate cycles evolve.
5) Jamie Dimon co-led a report warning the EU must reform (today’s geopolitics angle)
Separately, Reuters reported that a report led by former UK Prime Minister Tony Blair and JPMorgan CEO Jamie Dimon argued the EU must reform or risk irrelevance amid U.S.-China rivalry, and noted the report was produced with JPMorgan involvement and the Tony Blair Institute. [10]
Stock relevance:
- Not a near-term trading catalyst, but it underscores how much JPM’s leadership is focused on geopolitics and long-cycle structural risk, themes that institutional investors increasingly incorporate into large-bank valuations.
What to watch before the market opens tomorrow (Friday, Dec. 19, 2025)
Friday isn’t just “another day” on the calendar—it’s a session where positioning and market mechanics can matter as much as fundamentals.
1) Options expiration day: “quadruple witching” (expect higher volume and sharper intraday swings)
Dec. 19, 2025 is the December “quadruple witching” date—when multiple major derivatives contracts expire on the same day—often associated with heavier trading volume and potentially noisier price action (especially into the close). [11]
Why JPM traders should care:
- Highly liquid mega-caps like JPM are common hedging vehicles and are widely held in index products—so they can get swept into flows that aren’t fundamentally driven.
2) Key U.S. data and releases scheduled Friday morning (ET)
If you’re watching JPM into the open, these are the notable scheduled releases for Friday:
- 8:30 a.m. ET: Chicago Fed Advance Retail Trade Summary (CARTS) (final for November 2025) [12]
- 10:00 a.m. ET: BLS releases including Consumer Expenditures (Annual 2024) and Total Factor Productivity for Major Industries (Annual 2024) [13]
- 10:00 a.m. ET: BEA scheduled U.S. International Trade in Goods and Services (September 2025)
A calendar note worth knowing: BEA has also posted scheduling updates moving some items (including Personal Income and Outlays—the report that contains the PCE inflation series—to Dec. 23, and shifting certain GDP-related updates to Jan. 22, 2026). That matters because some traders may otherwise expect “PCE week” timing signals. [14]
3) Rates and the yield curve after today’s CPI: the real “overnight” driver for big banks
Even more than any single headline, JPM often responds to:
- the level and direction of Treasury yields,
- changes in rate-cut expectations after inflation data,
- and whether the curve steepens or flattens.
Today’s CPI reinforced the idea that inflation is cooling, but questions about data quality (shutdown distortions) could keep rate pricing fragile into year-end. [15]
4) Late December trading conditions: liquidity can exaggerate moves
With year-end approaching, liquidity can get patchy—especially around big expiration sessions. Add in holiday scheduling (including that U.S. exchanges are expected to be open on Dec. 24 and Dec. 26 this year), and you have the ingredients for larger-than-usual moves on relatively ordinary news.
JPMorgan-specific “next catalysts” to keep on your radar
Even though these aren’t “tomorrow morning” events, they’re the dates many institutional investors anchor to:
Q4 and full-year 2025 earnings: Jan. 13, 2026 (before market)
JPMorgan said it will report results around 7:00 a.m. ET and host its earnings call at 8:30 a.m. ET on Tuesday, Jan. 13, 2026. [16]
Next dividend: $1.50 per share; record date Jan. 6, payable Jan. 31, 2026
JPMorgan’s board declared a $1.50 quarterly dividend payable Jan. 31, 2026, to shareholders of record as of Jan. 6, 2026. [17]
Bottom line for JPM stock heading into Friday’s open
JPMorgan stock ended Dec. 18 at $313 and stayed close to that mark after hours, but the setup for Friday is less about what happened after 4 p.m. and more about what could happen during a session shaped by options expiration mechanics, rate repricing after CPI, and a handful of scheduled economic releases. [18]
The most directly “JPM-specific” tape items from today were arguably:
- the late-day Reuters report on banks blocking a large UK forex lawsuit (tail-risk relief), [19]
- and the Truist price-target increase (a fresh analyst checkpoint heading into 2026). [20]
References
1. stockanalysis.com, 2. stockanalysis.com, 3. www.marketwatch.com, 4. www.reuters.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.bloomberg.com, 8. www.tradingview.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.investopedia.com, 12. www.chicagofed.org, 13. www.bls.gov, 14. www.marketwatch.com, 15. www.reuters.com, 16. www.jpmorganchase.com, 17. www.jpmorganchase.com, 18. stockanalysis.com, 19. www.reuters.com, 20. www.tradingview.com
