NEW YORK, February 28, 2026, 10:56 AM EST — Market closed.
- JPMorgan Chase ended Friday at $300.30, dropping 1.9%. The stock slipped a bit further after the bell.
- Bank shares slid across the board, with investors on edge over renewed concerns about private credit losses following the collapse of a UK mortgage lender.
- Next up: U.S. jobs numbers land March 6, with markets eyeing the read-through for interest-rate bets.
JPMorgan Chase & Co. shares slid on Friday, closing out the session at $300.30 after a rough day for financials. Fresh credit jitters and renewed focus on the U.S. rate trajectory rattled traders ahead of next week. In after-hours moves, the stock was quoted at $299.93. StockAnalysis
This is significant. JPMorgan stands as the country’s biggest bank by assets, making it a key gauge for shifts in credit risk perception and rate expectations. Lenders have depended on sturdy consumer finances so far, yet investors now seem to be scrutinizing potential trouble spots—and considering if softer yields might undercut interest income.
Financial stocks took a blow after UK mortgage lender Market Financial Solutions (MFS) collapsed, unsettling investors in asset-based lending and private credit—sectors where funds bypass banks and lend directly to companies. “We’re starting to continue to see these types of things pop up,” said Joe Saluzzi, co-head of equity trading at Themis Trading, in comments to Reuters, alluding to mounting stress in credit markets. Reuters
Bond markets turned up the heat again. The U.S. 10-year yield dropped 6.3 basis points to 3.96% Friday, and the 2-year slipped to 3.385%, according to Reuters. (A basis point equals 0.01 percentage point.) Lower long-term yields tend to squeeze lending margins for banks as time goes on, despite chatter about rate cuts giving the broader market a boost. Reuters
Another issue rattling the market: anxiety around artificial intelligence and its impact on jobs and consumer behavior. That uncertainty has injected volatility into tech names, which spills over into financials that depend on deal activity and capital markets. “There’s a lot of back and forth about who loses out and who benefits as AI gains ground,” said Kristina Hooper, chief market strategist at Man Group. Meanwhile, a Reuters poll showed about 60,000 jobs were added in February. Reuters
Legal troubles are stacking up for JPMorgan. The bank, along with Barclays and Fifth Third, is being sued by investors in Manhattan federal court. Plaintiffs claim the lenders ignored “giant red flags” as they promoted securities connected to Tricolor, a subprime auto lender now in bankruptcy. Some of those notes are trading for less than 10 cents on the dollar, according to Reuters. In the same report, JPMorgan CEO Jamie Dimon admitted the bank’s involvement was “not our finest moment.” Reuters
Coming up, the big data point is Friday’s Employment Situation report. The Bureau of Labor Statistics will publish February’s jobs numbers on March 6 at 8:30 a.m. ET—a release closely watched for its potential to jolt Treasury yields and shift rate-cut expectations. Bureau of Labor Statistics
Investors aren’t just watching the numbers; they’re weighing the possibility that politics seeps into the Fed’s thinking. According to Reuters, President Donald Trump still hasn’t officially put forward Kevin Warsh to replace Jerome Powell, whose run as Fed chair wraps up on May 15. That’s left markets with another unknown as they try to gauge where rate policy could head by mid-year. Reuters
Bulls have a straightforward worry here: a strong jobs print sparks a surge in yields, and bank shares could take another hit as rate-cut bets fade and margins get reworked. Bears, though, face a messier set of risks—fresh “cockroach” stories in private credit, unexpected pockets of losses, or lingering legal clouds piling onto investor exhaustion.
JPMorgan investors head into Monday, March 2, eyeing whether Friday’s slide sticks and if credit jitters start hitting stronger players, not just the usual suspects. The calendar points to the next major event: the bank’s Q1 earnings call set for April 14, per investor relations. jpmorganchase.com
