New York, Jan 19, 2026, 10:21 ET — Market closed.
- JPM shares will resume trading Tuesday following the holiday break, now factoring in the weekend’s political developments
- Policy risk tied to credit cards and buybacks adds pressure to an earnings season already sensitive to interest rates
- Next company milestone: a Feb. 10 presentation at a UBS financials conference
Shares of JPMorgan Chase & Co (JPM.N) face renewed scrutiny when trading resumes Tuesday after President Donald Trump announced plans to sue the bank over alleged “debanking” — the closing of accounts — following the Jan. 6, 2021 Capitol attack. CEO Jamie Dimon dismissed rumors of a Fed chair job offer, saying, “There was no job offer.” Meanwhile, spokesperson Trish Wexler emphasized the bank’s stance that accounts shouldn’t be closed due to political or religious beliefs. (Reuters)
The headline drops during a holiday-shortened week, with U.S. markets closed Monday for Martin Luther King Jr. Day, stretching the gap between news and trading. “It is literally an imperative that earnings actually carry the news cycle,” said Art Hogan, chief market strategist at B Riley Wealth. (Reuters)
JPM shares ended Friday at $312.47, gaining 1.04% for the session. (Investing)
Trump’s policy comments have weighed on bank stocks this month. JPMorgan’s leadership pushed back against a suggested 10% cap on credit card interest rates. CEO Jamie Dimon described the proposal as “dramatic” during the bank’s earnings call. (Reuters)
JPMorgan just reported a fourth-quarter earnings beat, driven by strong trading results, despite missing investment banking revenue forecasts. Adjusted earnings came in at $5.23 per share, topping the LSEG estimate of $5. Markets revenue climbed 17%, led by a 40% surge in equity revenue and a 7% rise in fixed income. “The bar for perfection is set pretty high,” noted David Wagner, head of equities at Aptus Capital Advisors, a shareholder. (Reuters)
JPMorgan announced on Friday the launch of a new private capital advisory team aimed at assisting companies and sponsors in tapping private markets for fundraising, expanding its dealmaking capabilities. “Private markets are a strategic priority for J.P. Morgan,” said Anu Aiyengar, the bank’s global head of advisory and M&A. (Reuters)
Rates continue to drive the sector’s volatility, as banks’ profits depend heavily on net interest income—the spread between loan earnings and deposit costs. Fed Vice Chair Philip Jefferson said the current policy “leaves the central bank well positioned” to decide on the timing of future rate changes. Markets, however, are pricing in just a slim chance of a rate cut in January. (Reuters)
The Fed’s rate-setting panel is set to meet January 27-28, with a press briefing planned for the 28th. (Federal Reserve)
Macro risk remains elevated. Global stocks dropped, and U.S. index futures tumbled over 1% following Trump’s threat of new tariffs on several European nations linked to his Greenland ambitions, boosting demand for gold and other safe havens. (Reuters)
Capital returns remain in focus. According to The Wall Street Journal, the administration might broaden its crackdown on stock buybacks to include major banks, which have shelled out over $500 billion on repurchases in the last decade.
JPM posted a notable rise on Friday, while financial peers showed mixed results—Wells Fargo and Morgan Stanley saw slight declines. (MarketWatch)
The legal threat might never materialize into an actual filing, and markets have seen policy headlines flare up and then fade before. A bigger risk for banks is a renewed clash over the Fed’s independence: the Supreme Court is set to hear a case this week on Trump’s effort to remove Fed Governor Lisa Cook. This could rattle rate expectations. “The door is open,” said former Cleveland Fed President Loretta Mester. (Reuters)
JPMorgan’s next key date is Feb. 10, when Troy Rohrbaugh, co-CEO of its commercial and investment bank, speaks at the UBS Financial Services Conference in Key Biscayne, Florida. Traders will be tuned in for shifts on credit conditions, capital returns, and deal activity. (Jpmorganchase)
