New York, Jan 23, 2026, 18:06 ET — After-hours
Shares of JPMorgan Chase & Co dipped 1.95% on Friday, finishing at $297.72, before slipping another 0.07% in after-hours trading to $297.50. (StockAnalysis)
The drop matters since JPMorgan is right in the middle of two hot-button issues: political pressure on banks’ account rules, and the direction of U.S. interest rates. Either factor can quickly derail earnings forecasts, even if the bank’s fundamentals stay steady.
The news arrives as a jittery week for U.S. stocks winds down, with headlines swaying risk appetite and investors scrambling for a fresh catalyst.
JPMorgan wasn’t alone in taking a hit. Bank of America slid 1.39%, Wells Fargo dipped 1.23%, and Citigroup dropped 1.79% during regular trading, showing the strain spread across major banks. (MarketWatch)
A new cloud has emerged with a lawsuit filed by former President Donald Trump in Florida state court. He accuses JPMorgan and CEO Jamie Dimon of “debanking” him — shutting down his accounts for political reasons. JPMorgan responded, saying it closes accounts that pose legal or regulatory risks. Trump has also advocated for a 10% cap on credit-card interest rates, a move Dimon called an “economic disaster.” (Reuters)
The bank announced another key date for investors on Friday: a Company Update set for Feb. 23 in New York City at 4:30 p.m. Eastern. The event will include an overview presentation followed by a Q&A with executive management, wrapping up around 6:30 p.m. (JPMorgan Chase)
JPMorgan revealed in a filing that Jamie Dimon’s 2025 compensation jumped 10.3% to $43 million, following the bank’s better-than-expected fourth-quarter profits. The board pointed to solid results and a “fortress balance sheet” as reasons for the increase. JPMorgan’s shares climbed 34% in 2025. (Reuters)
Rate talk kept weighing on the sector. First Citizens BancShares projected 2026 net interest income below market expectations — that’s the gap between earnings on loans and costs on deposits — sending the KBW Nasdaq Regional Banking Index down about 3% in afternoon trading, Reuters reported. Truist analyst Brian Foran described it as a “difficult adjustment to lower rates,” while Gabelli Funds portfolio manager Macrae Sykes noted there was “little good news from the financials today.” (Reuters)
The broader market showed a mixed picture: the Dow dropped 0.58%, while the S&P 500 barely moved. Intel took a heavy hit, falling 17% after issuing a gloomy outlook. Jason Blackwell, chief investment strategist at Focus Partners Wealth, noted investors were “pretty good” but bracing for “significant twists and turns” throughout the year. (Reuters)
JPMorgan’s downside risks are clear enough. The Trump lawsuit might drag out into a prolonged political battle, draw in regulators, or invite similar lawsuits. On top of that, changing rate forecasts could weigh on the bank’s valuation by altering expectations for margins and credit conditions.
Investors are focused on the Federal Reserve’s meeting on Jan. 27-28, with the policy announcement and press briefing set for Jan. 28. Market watchers will be scanning for any changes in the Fed’s guidance on interest rates—a crucial factor influencing bank earnings as February approaches. (Federalreserve)
