New York, Jan 10, 2026, 13:29 EST — Market closed
- JPM shares slipped 0.18% on Friday, ending at $329.19
- Reuters reported JPMorgan may have an edge if business opens around Venezuela’s oil trade and infrastructure financing
- Next test: JPMorgan’s results and management call on Tuesday
JPMorgan Chase could be among the few U.S. banks positioned to pick up business if Venezuela’s oil trade opens up, with one dormant Caracas office that could be reactivated, sources and analysts told Reuters late Friday. The bank has had a presence in the country for decades, and one internal idea floated was a trade bank to finance oil exports, one person familiar with the matter said. “JPMorgan is the best in class global bank,” Wells Fargo banking analyst Mike Mayo said. (Reuters)
U.S. markets are shut on Saturday, but investors return Monday with a fresh geopolitical thread to weigh. The week also brings a heavy run of catalysts that can move bank stocks fast.
Big banks kick off fourth-quarter results and December U.S. consumer price inflation is due Tuesday, events that could shift bets on Federal Reserve rate cuts. “As we’re starting January, the market may be underappreciating some of the events on the horizon,” State Street Investment Management’s Michael Arone said. (Reuters)
JPMorgan shares ended Friday down 0.18% at $329.19, after touching $331.90 earlier, data showed. Volume was about 6.7 million shares. (StockAnalysis)
The stock is about 2.4% below its 52-week high of $337.25 set on Jan. 5, and well above its 52-week low of $202.16 from April, FT data show. Traders often fixate on the $330 area for near-term direction. The early-January peak is the line in the sand. (FT Markets)
For JPMorgan, any easing in restrictions could first translate into fee business — trade finance, short-term funding that helps move goods and settle payments, and advisory work tied to oil and infrastructure.
It would not move earnings overnight.
Tuesday’s numbers will still hinge on core banking: net interest income — the spread between what the bank earns on loans and pays on deposits — plus trading and investment banking fees. Investors will listen for any change in credit costs, especially in cards. Expense discipline matters too, and so does the tone around demand.
But the Venezuela story comes with a lot of ways to go wrong. Even if policy shifts, compliance checks and political uncertainty can slow deals to a crawl, while a hotter inflation print could reset the rate-cut story and pressure bank valuations more broadly.
JPMorgan is scheduled to release fourth-quarter and full-year 2025 results at about 7 a.m. ET on Tuesday, followed by a conference call at 8:30 a.m., the bank said. That is the next hard catalyst for JPM shares. (Jpmorganchase)
