New York, January 16, 2026, 10:58 EST — Regular session
- JPMorgan shares climbed roughly 0.6% by late morning trading.
- The bank has launched a new private capital advisory team under the leadership of Keith Canton.
- Traders are keeping an eye on Washington’s discussions about a credit-card rate cap, along with the upcoming Fed meeting.
Shares of JPMorgan Chase & Co climbed roughly 0.6% to $311.07 by late morning on Friday, following the bank’s announcement of a new advisory division focused on private-market fundraising. During the session, the stock fluctuated between $308.74 and $312.69. “Private markets are a strategic priority for J.P. Morgan,” said Anu Aiyengar, the bank’s global head of advisory and M&A. (Reuters)
This shift highlights how Wall Street’s top lenders are hunting fees from firms staying private longer, tapping private equity and private credit investors rather than going public. For JPMorgan, it marks another step into fee-heavy businesses as investors assess the durability of the dealmaking rebound.
Bank stocks are also grappling with new political pressure after President Donald Trump proposed capping credit card interest rates at 10%. “Equity trading revenues have been the story of the earnings so far,” noted Brian Mulberry, senior client portfolio manager at Zacks Investment Management. (Reuters)
Succession chatter stirred the waters this week. At a U.S. Chamber of Commerce event Thursday, CEO Jamie Dimon said he planned to stick around for at least five more years. “I love what I do,” Dimon commented. A spokesperson later called it a joke, stressing that the bank’s succession plans remain unchanged. (Reuters)
JPMorgan is pushing the same story its rivals Goldman Sachs and Morgan Stanley have been telling investors: 2026 will see more activity in capital markets and major deals, building on a strong 2025. “I expect 2026 to be a very strong year of IPO issuance and announced M&A,” said Macrae Sykes, a portfolio manager at Gabelli Funds. (Reuters)
Friday saw a steadier broader market, buoyed by chipmakers pushing U.S. stocks higher after a volatile week. Financials faced notable pressure, as investors mull over potential impacts from a credit-card cap on the sector’s lucrative consumer products. (Reuters)
JPMorgan’s latest unit, Private Capital Advisory & Solutions, aims to merge private capital advisory with its M&A powerhouse. The strategy is simple: assist companies and sponsors in securing funding before they’re ready to go public, ensuring JPMorgan stays involved when they finally do.
That said, Washington remains a key factor. If a credit-card rate cap gains momentum, it would compress margins on unsecured loans and likely prompt banks to tighten credit, slowing growth in other areas.
Another question mark hangs over the fee environment. Private capital markets can quickly chill if public markets falter, valuations adjust downward, or sponsors step back — and trading revenue usually drops when volatility eases.
Investors are eyeing the Federal Reserve’s policy meeting on January 27-28 for clues about the future path of interest rates, which directly impact bank lending and funding costs. (Federal Reserve)
JPMorgan’s Troy Rohrbaugh is set to speak at the UBS Financial Services Conference on Feb. 10. This event typically sparks new inquiries about deal pipelines, credit conditions, and cost management. (JPMorgan Chase)
For now, JPMorgan’s shares will probably move on two fronts: the momentum behind the private-markets fee narrative, and how the credit-card cap proposal shapes up into a model investors can work with.
