JPMorgan Chase

JPM

Market cap $842B

The fourth-quarter earnings season should be broadly constructive for markets, JPMorgan strategists expect, arguing that resilient activity momentum points to better earnings delivery than current consensus forecasts, despite recent geopolitical and tariff-related headlines. Equity strategists at the bank said the latest headlines, while they may provide “an excuse for some derisking”, do not undermine what is seen as a supportive fundamental backdrop for equities.

The Wall Street Journal last week reported Trump offered to nominate Dimon for Fed chair, although the news outlet added that Dimon took the offer as a joke.

It has been surprising to see how much Goldman Sachs has struggled in consumer banking. Apple Card provides JPMorgan Chase access to a high-value customer cohort that it can cross-sell products and services to.

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President Donald Trump in a post on Truth Social threatened to sue JPMorgan Chase over allegedly "debanking" him following the Jan. 6, 2021, riot at the U.S. Capitol. Trump and his family have a history of railing against financial institutions for allegedly refusing to work with them based on their politics.

Big banks delivered earnings this week. Our experts weigh in on the results, the stocks, and the outlook for banking.

JPMorgan Chase is rated Strong Buy, driven by aggressive capital deployment and the Apple Card portfolio integration, unlocking significant capital release potential. JPM's RWA normalization post-Apple Card acquisition could free $9–$10 billion in CET1 capital, supporting buybacks or high-yield lending, with upside to 2026/2027 ROCE. Technical and valuation models converge on a 2026 price target of $366–$405, reflecting confidence in sustained ROTCE and potential multiple expansion.

U.S. banks on Tuesday face a tricky political test in how to address a call from President Donald Trump to cap credit card interest rates - leaving the ​finance industry scrambling on how to proceed, according to several industry sources.

President Donald Trump's call for a 10% cap on credit card interest rates sent shares of financial firms tumbling as major banks released their earnings. Ximena Aleman, co-CEO and co-founder of Prometeo, discusses the impact of new tech on the financial industry and AI in banking with Ed Ludlow on "Bloomberg Tech.

Bank executives are tiptoeing around President Trump's call to temporarily cap credit-card interest rates at 10%, opposing the idea while making sure not to antagonize the White House.