New York, Jan 17, 2026, 10:06 EST — Market closed.
- JPMorgan shares ended Friday roughly 1% higher, closing at $312.47.
- The idea of capping credit-card rates in the U.S. has resurfaced following a Bloomberg report detailing White House considerations.
- U.S. markets remain closed Monday in observance of Martin Luther King Jr. Day; trading picks back up Tuesday.
JPMorgan Chase & Co shares closed Friday 1% higher at $312.47, fluctuating between $308.74 and $317.16 during the session. Traders head into the weekend focused on Washington, following a Bloomberg report that the White House is considering executive measures to limit credit card interest rates. (Reuters)
U.S. stock and bond markets are shut Monday for Martin Luther King Jr. Day, with trading resuming Tuesday. That means policy news could pile up over two days with no immediate market reaction. (Investopedia)
On Jan. 10, Trump pushed for a one-year cap on credit-card rates at 10%, effective Jan. 20, but lenders are still in the dark about how enforcement would work. Experts say Congress would probably need to step in for this to happen, while some have suggested “no-frills” cards offering lower rates but fewer perks as a possible workaround. Brian Mulberry, senior client portfolio manager at Zacks Investment Management, warned that “policy volatility is likely to create market volatility until there is a clear path forward for banks and regulators.” (Reuters)
Rate expectations are shifting. Fed Vice Chair Philip Jefferson indicated backing for keeping rates steady at the central bank’s Jan. 27-28 meeting, describing the current policy as “well positioned” for upcoming data. Markets, meanwhile, assign just a 5% probability to a rate cut this month. (Reuters)
For JPMorgan, the rate discussion is crucial since net interest income — the difference between earnings on loans and costs on deposits — remains a key profit source. Recently, traders have been quick to link bank moves to any signs of stricter consumer-credit regulations.
JPMorgan reported fourth-quarter net income of $13.0 billion, or $4.63 per share, down from $14.0 billion, or $4.81 per share, in the same period last year. (SEC)
Succession talks are still in the background. JPMorgan CEO Jamie Dimon told a crowd he plans to stick around for at least another five years, saying, “I love what I do.” A spokesperson later clarified he was joking and that the succession plan remains unchanged. (Reuters)
Filings on Friday revealed senior executives offloaded shares via Rule 10b5-1 plans, the pre-arranged trading setups aimed at easing insider-trading worries. Corporate and investment bank co-CEO Douglas Petno moved 3,487 shares at $312.7983 each. Meanwhile, asset and wealth management head Mary Erdoes sold 5,732 shares at $312.7841. (SEC)
Stocks wrapped up the week modestly lower Friday, with the S&P 500 slipping 0.1% and the Dow shedding 0.2%. JPMorgan bucked the cautious mood, posting gains amid ongoing policy discussions. (AP News)
The stock faces a sharp risk from a heated policy battle: a strict 10% cap might pressure card lending profits, while a confusing rollout could leave banks unsure about compliance standards. If the plan bogs down or goes voluntary, much of that uncertainty premium could evaporate just as fast.
Attention shifts to Tuesday’s reopen and any updates from the White House before the Jan. 20 deadline Trump mentioned. Traders are also eyeing the Fed’s Jan. 27-28 meeting for signals on whether interest rates will hold near neutral, especially as consumer credit headlines return.
