New York, Feb 9, 2026, 17:35 EST — After-hours trading.
- JPMorgan slipped to $322.10 in after-hours trading, a drop of roughly 0.1% for the session.
- With U.S. jobs figures coming late and Friday’s CPI looming, traders are on edge over the next rate-cut signal.
- Troy Rohrbaugh of JPMorgan is scheduled to appear at a UBS conference this Tuesday.
JPMorgan Chase & Co (JPM.N) ended Monday’s after-hours trading more or less flat, changing hands at $322.10. During the regular session, the stock dipped roughly 0.1%. Price action ranged from $320.50 up to $326.37, with volume tallying close to 11.5 million shares.
The real mover is now external. U.S. Treasury yields slipped as traders braced for a busy slate of economic data and fresh bond auctions. Markets are currently factoring in about 50 basis points—half a percentage point—of Fed cuts this year, CME’s FedWatch shows. “The general trajectory for inflation should be modestly lower,” said Bill Merz, who leads capital markets research at U.S. Bank Asset Management Group. 1
Rate wagers aren’t just a mood swing for the big banks. When long-term rates pull further ahead of short-term ones—a steeper yield curve—that often fattens net interest income, the spread between what banks collect from loans and shell out on deposits.
Stocks ended in the green on Monday. The Dow just managed a fresh record, while the S&P 500 tacked on 0.47%. Investors shrugged off the previous week’s choppiness and shifted focus to the upcoming data slate. 2
JPMorgan edged down 0.09%, trailing rivals as Bank of New York Mellon climbed 2.65%. Morgan Stanley shares advanced 1.33%, Wells Fargo tacked on 0.68%, market data showed. 3
Not much on the company news front for now, though investors might find some new clues on Tuesday. According to JPMorgan’s investor relations calendar, Troy Rohrbaugh, co-CEO of the Commercial & Investment Bank, is slated to speak at a conference, with a “Company Update” also on the docket for later this month. 4
The bank is still working through the balance-sheet impact from its Apple Card exit. Back in January, JPMorgan and Apple made it official: Chase will take over as Apple Card’s issuer, displacing Goldman Sachs. That handover could shift more than $20 billion of card balances to Chase down the line. Goldman CEO David Solomon described it as “substantially completes the narrowing of our focus” for the bank’s consumer unit. 5
Back in January, JPMorgan beat fourth-quarter profit estimates as markets revenue jumped—this after the stock logged a 34% gain in 2025. CEO Jamie Dimon pointed to the U.S. economy’s ongoing resilience. CFO Jeremy Barnum echoed the point, telling reporters, “Consumers and small businesses remain resilient.” 6
The risk is straightforward: macro conditions could abruptly shift. A stronger inflation number might jolt rate expectations, squeeze valuations, and put funding costs and credit metrics under the microscope — card portfolios are especially exposed, as losses can pile up quickly when things turn south.
On deck: the U.S. jobs report lands Wednesday, followed by Friday’s consumer price index, both hitting at 8:30 a.m. Eastern. Traders are keyed in, scanning for signs of any rate path adjustment. 7
