NEW YORK, Jan 2, 2026, 18:22 ET — After-hours
- JPMorgan shares rose about 1% in late trading, holding near $325
- Treasury yields moved higher as markets looked ahead to key U.S. data
- Traders are zeroed in on the Jan. 9 jobs report and JPMorgan’s Jan. 13 earnings
JPMorgan Chase & Co shares were up about 1% in after-hours trading on Friday, at $325.48.
The move matters because big banks often trade with interest-rate expectations. When rates rise, lenders can earn more on loans than they pay on deposits, widening net interest margin — the spread between those two rates.
It also lands at the start of a January stretch that typically resets positioning after year-end. Traders are balancing higher yields against the risk that slower growth shows up in the next batch of U.S. economic releases.
Wall Street ended the first session of 2026 mixed, with the Dow and S&P 500 finishing higher and the Nasdaq slipping. The benchmark 10-year Treasury yield rose 3.8 basis points to 4.191%; a basis point is one-hundredth of a percentage point. 1
For banks, the shape of the yield curve is a key input. The yield curve is the gap between short-term and long-term interest rates, and it helps determine how profitably lenders fund longer-term loans.
Other major lenders also rose, with Bank of America up about 1.7%, Citigroup up about 1.7% and Wells Fargo up about 2.1% in late trading.
Markets are still looking for a catalyst to break out of the range they carried into year-end, said Matthew Maley, chief market strategist at Miller Tabak. “The market is looking for direction,” he said, as investors track Fed funds futures — contracts that reflect bets on the Federal Reserve’s policy rate — ahead of the Jan. 9 jobs report. 2
The government’s Employment Situation report for December is due at 8:30 a.m. ET on Jan. 9. 3
Inflation is next. The Consumer Price Index, a closely watched measure of consumer inflation, is scheduled for Jan. 13 at 8:30 a.m. ET. 4
JPMorgan is also set to report fourth-quarter and full-year results on Jan. 13, with results scheduled for about 7:00 a.m. ET and a conference call at 8:30 a.m. ET, the bank said. 5
A separate regulatory filing offered a routine reminder of insider reporting ahead of earnings. A Form 4 showed director Stephen B. Burke acquired 174.5702 JPMorgan shares on Dec. 31 through a deferred quarterly retainer arrangement, priced at $322.22 per share. 6
Investors will watch whether yields continue to firm into next week’s data and how banks talk about loan demand, credit trends and expenses when earnings season opens. The Fed’s next policy meeting is scheduled for Jan. 27–28. 7
