New York, January 26, 2026, 11:06 EST — Regular session
- JPMorgan shares climbed roughly 0.9% during late morning trading in New York.
- Trump’s $5 billion “debanking” suit—referring to the closure of customer accounts—has once again put JPMorgan and CEO Jamie Dimon in the political spotlight. (Reuters)
- Investors are eyeing the Federal Reserve’s policy meeting set for Jan. 27-28. (Federal Reserve)
Shares of JPMorgan Chase & Co rose 0.9% to $300.47 in late morning trading on Monday.
The stock moved amid investor focus on U.S. President Donald Trump’s $5 billion lawsuit targeting the bank and CEO Jamie Dimon. This legal battle has intensified tensions between the White House and major lenders, even as banks lobby for lighter regulations and capital relief. (Reuters)
This week, rate expectations are in sharp focus. The Federal Reserve is widely anticipated to hold rates at 3.50%-3.75%, yet the meeting is unfolding amid increasing scrutiny over the central bank’s independence, injecting fresh uncertainty into rate-sensitive financial stocks. (Reuters)
Other big U.S. banks moved up with JPMorgan: Bank of America climbed 0.8%, Citigroup gained roughly 1%, Wells Fargo increased about 0.9%, and Goldman Sachs rose close to 1%.
Legal experts and Wall Street analysts expressed doubt over Trump’s lawsuit. Adam Levitin, a law professor at Georgetown University, called it “wholly frivolous.” Jaret Seiberg from TD Cowen predicted the suit would most likely be dismissed. JPMorgan weighed in, saying the case “has no merit” and that the bank routinely shuts down accounts that pose legal or regulatory risks. (American Banker)
The broader market gained ground, with U.S. stocks ticking higher ahead of major tech earnings and the Fed’s rate announcement set for later this week. (Reuters)
Policy risk remains a major concern for the sector. Financial stocks dropped earlier this month when Trump proposed a one-year 10% cap on credit card interest rates—a move banks say would cut into a crucial profit source. If that effort gains traction, it could swiftly shift sentiment on lenders’ earnings potential. (Reuters)
All eyes turn to Wednesday, when the Fed unveils its policy decision at 2:00 p.m. ET, with a press conference set for 2:30 p.m. ET. (Federal Reserve)
