New York, Jan 18, 2026, 04:52 EST — Market closed
- JPMorgan shares ended Friday at $312.47, gaining roughly 1%.
- Trump announced plans to sue JPMorgan, accusing the bank of “debanking” him; CEO Jamie Dimon responded, denying any “job offer” was made for the Fed chair position.
- As the holiday-shortened week begins, investors turn their focus back to earnings, interest rate policy, and bank regulation.
JPMorgan Chase & Co faces fresh scrutiny ahead of the next U.S. trading day after CEO Jamie Dimon denied receiving a Federal Reserve chair job offer. President Donald Trump also announced plans to sue the bank over alleged “debanking.” “There was no job offer,” Dimon stated. A JPMorgan spokesperson added that the bank believes closing accounts over political or religious beliefs is unacceptable. Shares last closed at $312.47 on Friday, gaining about 1%. (Reuters)
The timing couldn’t be more inconvenient for traders. U.S. markets will be closed Monday for the Martin Luther King Jr. holiday, pushing investors to rely heavily on earnings reports to keep stocks afloat amid a surge of policy news. “Because of the amount of noise we have around geopolitics and policy, it is literally an imperative that earnings actually carry the news cycle,” said Art Hogan, chief market strategist at B Riley Wealth. (Reuters)
JPMorgan, the biggest U.S. lender, unveiled a new “private capital advisory & solutions” team late last week. Its goal: to support companies and sponsors seeking funding in private markets. “Private markets are a strategic priority for J.P. Morgan,” said Anu Aiyengar, the bank’s global head of advisory and M&A. This move signals JPMorgan’s push to deepen involvement in deals involving firms that remain private longer. (Reuters)
Pressure is mounting on banks amid Trump’s push for a 10% cap on credit card interest rates. The industry remains uneasy, with bankers warning this could tighten credit access—credit cards usually rake in high margins since the debt is unsecured. Investors are zeroing in on charge-offs, the loans that banks write off as unlikely to be repaid, as a quick indicator of household financial stress. “Equity trading revenues have been the story of the earnings so far,” noted Brian Mulberry, senior client portfolio manager at Zacks Investment Management. (Reuters)
Market plumbing is another factor to watch. Options specialists warned that Friday’s monthly options expiration might ramp up volatility in U.S. stocks following the long weekend. (Reuters)
Rates remain in focus as the Federal Reserve prepares for its next policy meeting on Jan. 27-28. Investors will be watching closely for any changes in the Fed’s language on inflation, economic growth, and future borrowing costs. (Federal Reserve)
JPMorgan’s latest earnings remain top of mind for investors. The bank beat profit estimates in Q4, boosted by trading gains amid volatile markets. Still, investment banking revenue came up short of some expectations, sending the stock into choppy waters post-report. “The bar for perfection is set pretty high,” David Wagner, head of equities at Aptus Capital Advisors, told Reuters back then. (Reuters)
The risk now is that politics will overshadow spreadsheets. A legal battle over “debanking” or a sudden shift in the conversation around bank regulations and credit costs could weigh on sentiment, even if the immediate financial impact is tough to quantify.
JPMorgan’s push into private markets comes with execution risks. Fees aren’t assured, and competitors will target the same late-stage companies, especially if IPO windows remain tight and more firms delay going public.
Traders now face a weekend of headlines and a break in cash trading. JPMorgan shares will get their next real test when U.S. markets open Tuesday, with the Fed’s Jan. 28 decision hanging over the session.
