Today: 7 February 2026
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Banking News 1 January 2026 - 3 January 2026

JPMorgan Chase stock is up today — here’s what’s driving JPM after the close

JPMorgan Chase stock is up today — here’s what’s driving JPM after the close

NEW YORK, Jan 2, 2026, 18:22 ET — After-hours JPMorgan Chase & Co shares were up about 1% in after-hours trading on Friday, at $325.48. The move matters because big banks often trade with interest-rate expectations. When rates rise, lenders can earn more on loans than they pay on deposits, widening net interest margin — the spread between those two rates. It also lands at the start of a January stretch that typically resets positioning after year-end. Traders are balancing higher yields against the risk that slower growth shows up in the next batch of U.S. economic releases. Wall Street
3 January 2026
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Wells Fargo stock rises today as traders eye jobs report, big-bank earnings kickoff

Wells Fargo stock rises today as traders eye jobs report, big-bank earnings kickoff

NEW YORK, January 2, 2026, 13:55 ET — Regular session Wells Fargo & Company (WFC) shares rose 1.2% to $94.35 in early afternoon trading on Friday, after swinging between $92.81 and $94.43. The move comes as investors head into the first full trading week of 2026 with the U.S. jobs report due Jan. 9 and consumer price data on Jan. 13, the same day JPMorgan is set to open the big-bank earnings season. The Fed cut rates at each of its last three meetings of 2025, and fed funds futures — derivatives that track where traders see policy rates —
2 January 2026
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Bank of America stock rises today as Fed-cut bets return and earnings loom

Bank of America stock rises today as Fed-cut bets return and earnings loom

NEW YORK, Jan 2, 2026, 12:01 ET — Regular session Bank of America Corporation (BAC) shares rose 0.9% to $55.50 by 11:46 a.m. ET on Friday, beginning 2026 on a firmer note. The stock traded between $55.03 and $55.68. The move comes as investors reset positions for the year with the interest-rate outlook back in focus. Bank stocks tend to react quickly because rates drive net interest income (NII) — the difference between what a lender earns on loans and what it pays to fund deposits. Market pricing shows traders see only a 15% chance the Federal Reserve cuts rates
2 January 2026
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Goldman Sachs stock rises more than 2% today as traders eye jobs data and bank earnings

Goldman Sachs stock rises more than 2% today as traders eye jobs data and bank earnings

NEW YORK, January 2, 2026, 11:38 ET — Regular session Goldman Sachs (GS) shares rose 2.1% to $897.16 in late morning trading on Friday, after moving between $880.82 and $897.16. The gains came as Wall Street opened 2026 on firmer footing, with technology stocks rebounding after late-December losses and investors tracking fresh tariff headlines from President Donald Trump’s administration. Reuters The early move matters because a busy January calendar is about to test risk appetite and interest-rate expectations that have underpinned equities. “The market is looking for direction,” said Matthew Maley, chief market strategist at Miller Tabak, in a note
2 January 2026
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Old National Bancorp stock: Pacer boosts ONB stake 482% while Allspring trims holdings

Old National Bancorp stock: Pacer boosts ONB stake 482% while Allspring trims holdings

NEW YORK, Jan 2, 2026, 09:04 ET Pacer Advisors Inc increased its holding in Old National Bancorp (ONB) to 60,480 shares at the end of the third quarter, worth about $1.3 million, a regulatory filing showed. Allspring Global Investments Holdings LLC trimmed its position to about 2.67 million shares worth roughly $58.2 million, another filing showed. The moves were disclosed in Form 13F filings, quarterly reports that large U.S. investment managers submit to the Securities and Exchange Commission listing many of their U.S.-traded equity holdings. Investors track the filings for clues on institutional appetite, particularly in regional lenders where fund
2 January 2026
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Lloyds Bank closures start this month as 17 UK branches set to shut in January 2026

Lloyds Bank closures start this month as 17 UK branches set to shut in January 2026

NEW YORK, January 2, 2026, 05:38 ET Lloyds Bank will close 17 branches across Britain in January, according to closure notices posted on the lender’s branch locator website. The first closures are scheduled for Jan. 8, including the bank’s branch in Gillingham, Dorset. The timetable matters now because it lands at the start of the year, when households and small businesses often still depend on counter services for cash deposits, withdrawals and in-person support. In many towns, losing a local branch means longer travel for basic banking, particularly for older customers and people who do not bank online. The branch
2 January 2026
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India opens NPS pension funds to banks as new fee slabs start April 2026

India opens NPS pension funds to banks as new fee slabs start April 2026

NEW YORK, January 2, 2026, 05:26 ET India’s pension regulator has cleared scheduled commercial banks to sponsor and independently set up pension funds under the National Pension System, in a move aimed at boosting competition in the retirement savings market. The Pension Fund Regulatory and Development Authority (PFRDA) said the approval is “in principle” and subject to eligibility norms. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2210396&lang=1&reg=3 The decision matters now because it opens a new line of business for banks beyond distributing pension accounts to directly managing retirement money, raising the prospect of sharper competition for fund mandates. It also puts banks in the same arena
2 January 2026
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Nigeria bank transfer tax fears: Oyedele says no automatic debits under new laws

Nigeria bank transfer tax fears: Oyedele says no automatic debits under new laws

NEW YORK, January 2, 2026, 05:31 ET Nigeria’s presidential tax reform committee chair Taiwo Oyedele said tax authorities will not automatically debit bank accounts under the country’s new tax laws, pushing back against claims linked to bank transfers. “Nobody will debit your bank account,” Oyedele said in a Channels Television interview. TheCable The comments land as the government begins rolling out a tax overhaul in 2026 and as Nigerians swap warnings online about transfer “narrations” — the short text attached to a bank transfer. Oyedele said false claims about automatic debits have distorted the debate, urging people to focus on
2 January 2026
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Nifty tops 26,300 as India bank stocks hit record; Coal India jumps, ITC slides on excise hike

Nifty tops 26,300 as India bank stocks hit record; Coal India jumps, ITC slides on excise hike

NEW YORK, January 2, 2026, 04:45 ET Indian shares rose on Friday, with the benchmark Nifty 50 trading above 26,300 and the Sensex up about 0.6% in noon deals, data from Upstox showed. The move mattered because it came on the second trading day of 2026, as investors positioned for a run of corporate updates ahead of the quarterly earnings season, The Economic Times reported. The Economic Times also said persistent foreign portfolio outflows have continued to temper risk appetite even as domestic sectors such as banks and metals lead gains. At 12:30 p.m. IST, the S&P BSE Sensex was
2 January 2026
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Citigroup stock today: Citi shares edge lower as $1.2 billion Russia-exit hit heads into Q4 books

Citigroup stock today: Citi shares edge lower as $1.2 billion Russia-exit hit heads into Q4 books

NEW YORK, January 1, 2026, 15:45 ET — Market closed. Citigroup shares ended the year’s final session modestly lower as investors weighed an accounting hit tied to the bank’s planned exit from Russia. The stock last closed down 0.4% at $116.69 on Wednesday, with U.S. markets shut on Thursday for the New Year’s Day holiday. Nasdaq In a filing, Citi said its board approved the sale of its Russian unit, AO Citibank, to Renaissance Capital and expects a pre-tax loss of about $1.2 billion in the fourth quarter. The bank said the hit is largely a currency translation adjustment —
1 January 2026
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Wells Fargo stock today: WFC ends 2025 lower as traders eye rates, funding markets and Jan. 14 earnings

Wells Fargo stock today: WFC ends 2025 lower as traders eye rates, funding markets and Jan. 14 earnings

NEW YORK, January 1, 2026, 3:27 PM ET — Market closed Wells Fargo & Co (WFC.N) shares fell 1.18% to $93.20 on Wednesday, marking a fourth straight daily decline in the year’s final session. Trading was light at about 7.6 million shares, and the stock ended about 2.8% below its 52-week high of $95.85 set on Dec. 24, MarketWatch data showed. MarketWatch With U.S. markets shut for New Year’s Day, the next directional push for bank stocks is likely to come from rates and liquidity, not company headlines. Those drivers feed directly into how banks price deposits and loans ahead
1 January 2026
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Gold price forecast for 2026: Banks map a $4,275-$5,000 range after bullion’s blockbuster year

Gold price forecast for 2026: Banks map a $4,275-$5,000 range after bullion’s blockbuster year

NEW YORK, January 1, 2026, 14:46 ET Gold and other precious metals may have room for further gains in 2026 as interest rates are expected to fall, analysts said, after gold climbed 66% in 2025. The rally pushed bullion to record highs on economic and geopolitical risks. Tim Waterer, chief market analyst at broker KCM Trade, said: “The key fundamental drivers of central bank demand and investor positioning ahead of expected lower U.S. rates in 2026 remain intact.” Reuters That matters now because investors start the year resetting hedge ratios and rebalancing portfolios after one of the most volatile year-end stretches
1 January 2026
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Stock Market Today

Anglo American share price slips as BofA turns neutral after copper outlook cut

Anglo American share price slips as BofA turns neutral after copper outlook cut

7 February 2026
Anglo American shares closed down 0.75% at 3,435 pence Friday after BofA Global Research downgraded the miner to “neutral” and raised its price target to 3,600 pence. Anglo cut its 2026 copper production guidance and warned of continued weakness at De Beers. The company expects $200 million in charges tied to its Chile copper operations in the second half of 2025.
Amazon’s $200B AI Spending Jolt Spurs Stock Selloff as Big Tech Capex Nears $650B

Amazon’s $200B AI Spending Jolt Spurs Stock Selloff as Big Tech Capex Nears $650B

7 February 2026
Amazon shares fell Friday after the company announced a $200 billion AI infrastructure plan for 2026, exceeding analyst expectations and reviving investor concerns about profitability. Combined 2026 capex flagged by Amazon, Alphabet, Microsoft, and Meta now tops $630 billion. Nvidia, AMD, and Broadcom shares surged on the news, while software and data firms remained under pressure.
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