New York, Jan 16, 2026, 16:48 EST — After-hours
JPMorgan Chase & Co (JPM.N) shares rose about 1% in after-hours trading on Friday to $312.47, after a session that saw the stock trade between $308.74 and $317.16.
The late move came as the bank flagged a fresh push into private markets — funding raised outside public stock exchanges — where Wall Street is chasing advisory fees as more high-growth firms stay private longer. JPMorgan’s global head of advisory and M&A, Anu Aiyengar, called private markets “a strategic priority,” as the bank set up a new private capital advisory and solutions team. (Reuters)
That matters for JPMorgan now because investors have been quick to reward fee growth but less forgiving about headline risk around consumer lending, even as bank bosses talk up deal pipelines for 2026. JPMorgan CFO Jeremy Barnum told analysts after earnings that the bank expected “strong client engagement and deal activity” this year, with some transactions pushed into 2026. (Reuters)
Management stability has also been in the mix. CEO Jamie Dimon said he wanted to stay in the job for “at least five more years,” adding, “I love what I do,” before a JPMorgan spokesperson later described the remark as joking and said succession plans had not changed. (Reuters)
Across Wall Street’s biggest lenders, fourth-quarter results pointed to firmer lending profitability — interest income rose as deposit costs eased — and strong trading as volatility kept clients active. Brian Mulberry, a senior client portfolio manager at Zacks Investment Management, said “equity trading revenues have been the story” so far, while noting investors are still watching consumer credit indicators such as charge-offs — debt banks deem unlikely to be repaid. (Reuters)
But a policy risk has been hanging over the group. Bank shares, including JPMorgan, have been pressured by worries over President Donald Trump’s proposed one-year 10% cap on credit card interest rates, which executives have warned would crimp credit availability; the broader financials sector ended the week lower even as the S&P 500 finished Friday little changed. (Reuters)
Traders are also bracing for bigger index swings after Friday’s monthly options expiration, when large volumes of contracts roll off. Options give investors the right to buy or sell at a set price by a set date; SpotGamma founder Brent Kochuba said the expiration could let the S&P 500 “start moving around a bit more.” (Reuters)
Rates are another moving part for bank stocks. Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday the Fed should be ready to cut rates again if risks to the job market intensify, a stance that could shift expectations for lending margins — the spread between what banks earn on loans and pay on deposits. (Reuters)
Looking ahead, investors are trying to keep the focus on earnings as policy noise builds. “It is literally an imperative that earnings actually carry the news cycle,” Art Hogan at B Riley Wealth said, with results due next week from names including Netflix on Tuesday, Jan. 20, and a U.S. Supreme Court hearing set for Wednesday, Jan. 21, on Trump’s effort to remove Federal Reserve Governor Lisa Cook. (Reuters)
U.S. equity markets are scheduled to be closed on Monday, Jan. 19, for Martin Luther King Jr. Day, leaving JPMorgan shares to carry their after-hours tone into Tuesday’s reopen. (Nyse)
