New York, February 1, 2026, 10:14 EST — Trading has ended for the day.
- JPMorgan Chase shares closed Friday at $305.89, down 0.17%, and saw minimal movement in after-hours trading.
- Traders shifted their rate outlook following Donald Trump’s announcement of Kevin Warsh as his choice to head the Federal Reserve.
- Investors are turning their attention to Monday’s Institute for Supply Management factory index and Friday’s U.S. payrolls report.
JPMorgan Chase & Co. shares edged down 0.17% on Friday, finishing at $305.89. The stock dipped a bit further in after-hours trading as investors prepared for a week packed with economic data, with U.S. markets closed over the weekend. (Yahoo Finance)
Rates are the immediate force here, not the headlines. Big banks usually move based on where borrowing costs are expected to land, since that directly affects loan pricing, deposit expenses, and how quickly deals get done.
Trump’s selection of Kevin Warsh to replace Jerome Powell stirred volatility in U.S. stocks on Friday, alongside new inflation figures and a shaky earnings landscape. “Markets are recalibrating to Trump’s pick of Kevin Warsh,” noted Michael Hans of Citizens Wealth. Angelo Kourkafas at Edward Jones highlighted “mixed tech earnings and lingering inflation pressure.” (Reuters)
Producer prices, reflecting what firms pay and bill, climbed beyond forecasts in December. The 10-year U.S. Treasury yield edged higher to about 4.251% on Friday. “You’ve got uncertainty, you’ve got a new nominated chair,” noted Terry Sandven of U.S. Bank Asset Management. (Reuters)
JPMorgan followed the trend set by its peers. Wells Fargo & Co. shares dipped 0.17% on Friday, while Morgan Stanley climbed 0.77%, according to MarketWatch data. (MarketWatch)
JPMorgan investors know the drill: rising long-term yields may boost lending margins, yet persistent inflation and changing expectations on rate cuts risk tightening financial conditions and dampening loan growth. Plus, a flatter yield curve—the spread between short- and long-term rates—can cap banks’ profits from their usual borrowing and lending activities.
The initial data drop hits Monday at 10 a.m. ET with the ISM manufacturing PMI, a survey index where readings under 50 indicate contraction. Traders will dig into the ISM report for clues on demand and hiring momentum, following a week marked by policy shifts and inflation concerns. (Investing)
Traders will zero in on Friday’s U.S. Employment Situation report and next week’s inflation numbers—both crucial for shaping rate expectations. The Bureau of Labor Statistics calendar lists the January jobs report for Feb. 6 at 8:30 a.m. ET, with the January CPI set for Feb. 11 at 8:30 a.m. ET. (Bureau of Labor Statistics)
But putting too much stock in “higher yields help banks” carries clear risks. If inflation remains stubbornly high and markets pull back from anticipating rate cuts—or if growth jitters resurface—bank stocks could tumble alongside the wider market, with credit worries bubbling up fast.
JPMorgan shares will resume trading Monday, with the spotlight on the Warsh nomination. Investors are also eyeing upcoming economic data for signs that could send Treasury yields moving sharply one way or the other. The key event this week is the payrolls report due Friday, Feb. 6.
