New York, Feb 14, 2026, 11:24 (EST) — Market closed.
- JPMorgan shares closed Friday at $302.55, down 0.03%.
- A U.S. judge said customers can pursue part of a cash-sweep lawsuit over near-zero interest rates.
- Investors return Tuesday after the U.S. market holiday, with JPMorgan’s Feb. 23 update and fresh economic data in focus.
JPMorgan Chase & Co (JPM.N) shares closed Friday down 0.03% at $302.55 after a U.S. judge said customers can sue over the bank’s cash-sweep interest rates. The stock had fallen 2.63% a day earlier. (StockAnalysis)
The ruling matters because it keeps pressure on a small, steady line item that can add up fast: what banks pay clients on idle cash. Traders have been quick to punish anything that hints at squeeze on margins, even when the broader tape looks calm.
Cash sweeps automatically move uninvested cash in brokerage and retirement accounts into an interest-bearing account. The gap between what the bank earns on that cash and what it pays back shows up in net interest income, the main earnings engine for lenders.
JPM’s move came with major U.S. indexes mixed on Friday. The S&P 500 added 0.05%, the Dow rose 0.10% and the Nasdaq slipped 0.22%. (Reuters)
The court fight adds to a growing list of cross-currents for bank stocks, including looming capital rules. U.S. regulators appear closer to proposing a new version of the “Basel endgame” framework after the FDIC and the Office of the Comptroller of the Currency submitted proposals to the White House budget office for review, Reuters reported, with no details or timing disclosed. (Reuters)
Inside the firm, JPMorgan’s commercial and investment bank named insider Guy Halamish as chief operating officer to oversee data and AI strategy, an internal memo seen by Reuters showed. The memo said data and analytics leaders across parts of the division will report to Halamish and business heads, with work aimed at improving data quality and getting infrastructure ready for AI tools. (Reuters)
JPMorgan also filed its annual report on Form 10-K for the year ended Dec. 31, 2025, the company said. A 10-K is a detailed yearly filing with the U.S. Securities and Exchange Commission that includes financial statements and risk disclosures. (Business Wire)
Separately, it declared dividends on two series of preferred stock, the company said. Preferred payouts are usually routine, but investors watch them closely when capital requirements and distribution plans are under debate. (Business Wire)
The rate backdrop is still doing a lot of the work. U.S. consumer prices rose 2.4% year-on-year in January, a shade below forecasts, and markets pushed further into rate-cut bets even with the Fed’s benchmark rate still at 3.50% to 3.75%; “This is a bit of good news as we head into the long holiday weekend,” Tim Holland, chief investment officer at Orion, said. (Reuters)
U.S. stock markets are shut on Monday, Feb. 16, for Washington’s Birthday, according to the NYSE calendar, and reopen Tuesday. (New York Stock Exchange)
Once trading resumes, investors face a stack of catalysts: Walmart earnings, an advance reading of fourth-quarter GDP, a consumer sentiment survey and the PCE price index, a key inflation gauge. “It’s all this whack-a-mole game of trying to figure out what AI is going to destroy next,” Art Hogan, chief market strategist at B Riley Wealth, said. (Investing)
But the downside case is clear enough. The cash-sweep litigation could drag on and still be narrowed, while any tougher capital rules could weigh on buybacks and payouts; a faster drop in short-term rates can also change the math on interest income.
For JPMorgan specifically, the next calendar item is its Company Update on Feb. 23 in New York, with management scheduled to present and take questions starting at 4:30 p.m. Eastern. (Nasdaq)
