New York, Feb 10, 2026, 10:52 EST — Regular session
- JPMorgan traded around $326, up 1.1% as the morning session wore on.
- UBS conference execs pointed to robust M&A and IPO pipelines stretching into 2026.
- Traders are watching for delayed U.S. jobs numbers on Feb 11, with CPI set for Feb 13—the next big test for the macro outlook.
JPMorgan Chase & Co shares moved higher Tuesday, giving a boost to the nation’s largest bank as investors digested new dealmaking talk and braced for a packed calendar of U.S. economic reports. The stock added 1.1% to $325.68, swinging between $321.00 and $326.07.
This is significant—JPMorgan often sets the tone for big banks, and lately, banking shares have been lurching as investors weigh fee prospects and what’s next for rates. Investment banking fees, for context, come from advising on deals and helping companies issue stocks and bonds.
Bank chiefs are making the rounds at conferences this week, just as fresh macro data threatens to jolt rate expectations. Any quick change there tends to hit bank stocks hard—lending margins and credit risks are in the crosshairs when rates move.
Speaking at the UBS financial services event in Florida, JPMorgan’s Troy Rohrbaugh described deal pipelines running into 2026 as “excellent” and said the coming year could shape up to be “one of the better years” for M&A. He also highlighted a “very robust” IPO calendar in the works, even without the SPAC surge—those shell companies that go public to acquire private firms. Over at the same event, Goldman Sachs CEO David Solomon noted sponsor-driven activity “is accelerating,” with private equity shops feeling the heat to return capital to investors before launching new fundraising. Reuters
JPMorgan’s move pulled other major banks up as well. Goldman Sachs tacked on 1.6%. Bank of America edged 0.4% higher, while Citigroup picked up 0.3%. Wells Fargo and Morgan Stanley gained 0.3% and 0.6%, respectively.
The broader market struggled to find direction after December U.S. retail sales landed flat—an unexpected result that forced some investors to rethink their outlook for growth as the new year begins. “It’s really the retail sales data that’s come out below expectations … that’s driving some of the weakness,” said Charlie Ripley, vice president of portfolio management at Allianz Investment Management. The Dow picked up 0.4% early on, while the S&P 500 and Nasdaq slipped. Reuters
JPMorgan’s next big date for shareholders lands on Feb. 23. That’s when the bank is set to deliver a New York update, including executive presentations and a Q&A session. JPMorgan Chase
Still, there’s a clear hitch here—the macro calendar’s cluttered, and incoming data might be all over the place. Soft jobs numbers could stoke fresh worries about growth. On the flip side, if inflation comes in hot, that could shake up rate-cut hopes and put some weight on the sector.
Investors now look to the delayed January employment report, set for Feb. 11 at 8:30 a.m. ET, followed by January’s CPI reading at the same hour on Feb. 13. bls.gov
