JPMorgan Chase stock falls after Apple Card reserve hits profit as rate-cap risk hangs over banks
New York, Jan 13, 2026, 11:02 ET — Regular session JPMorgan Chase & Co shares were down 2.5% at $316.32 in late morning trade on Tuesday, after swinging between $331.00 and $313.96 earlier in the session. The bank reported fourth-quarter net income of $13.0 billion, or $4.63 a share, after setting aside $2.2 billion tied to its forward purchase of the Apple credit card portfolio. “The Firm concluded the year with a strong fourth quarter,” CEO Jamie Dimon said in the release. (SEC) The print lands as Washington re-opens a fight over what credit should cost. Analysts at TD Cowen