New York, Feb 20, 2026, 12:04 EST — Regular session
JPMorgan Chase & Co (NYSE: JPM) edged up 0.2% to $308.60 Friday. The stock bounced between $305.83 and $310.24 in late-morning trading.
The U.S. Supreme Court’s decision to strike down President Donald Trump’s global tariffs sent the broader market swinging into positive territory, with the S&P 500 last showing a gain of around 0.6%. The Nasdaq fared even better, up about 1%. “The confusion it’s going to lead to is probably going to keep this market going back and forth,” Rick Meckler, partner at Cherry Lane Investments, told Reuters. (Reuters)
There was new U.S. data in the mix, too. Growth in the fourth quarter landed at a 1.4% annual rate, and December’s key inflation measure picked up speed—fueling caution among traders about the timing of the Federal Reserve’s next rate cut. “The core of the economy is resilient,” noted Michael Pearce, chief U.S. economist at Oxford Economics. (Reuters)
Financial names saw uneven moves. The SPDR S&P Bank ETF managed a 0.2% gain, but the Financial Select Sector SPDR ETF barely budged. Bank of America ticked lower, Citigroup dropped roughly 0.6%, while Wells Fargo crept up.
The European Central Bank has hit JPMorgan’s European division with a €12.18 million ($14.32 million) penalty, citing errors in how the bank calculated its risk-weighted assets — figures regulators use to determine capital buffers. JPMorgan’s spokesperson said the issues were “proactively identified and self-reported,” adding that the problems have since been “fully remediated.” (Reuters)
The Financial Times has reported that JPMorgan is discussing a role providing banking services for the U.S.-backed Board of Peace, which is charged with Gaza’s reconstruction and payment processing. Reuters, however, was unable to confirm the report right away, noting both the White House and JPMorgan declined to comment when contacted. (Reuters)
JPMorgan and CEO Jamie Dimon fired back in court, arguing against Trump’s $5 billion suit tied to the 2021 shutdown of his accounts and those of his companies. The bank’s filing accused Trump of dragging Dimon into the case just to keep it in state court, insisting there was no evidence Trump ended up on any sort of “blacklist” when the accounts were shut. (Reuters)
Troy Rohrbaugh, co-CEO of the bank’s commercial and investment bank, unloaded 50,000 shares on Feb. 19 at $307.1134 each, according to a separate securities filing. That transaction leaves him holding 111,279 shares directly. The filing points out the sale came through a 10b5-1 plan — that’s the kind of pre-arranged schedule execs sometimes use to offload stock without making daily trading calls. (SEC)
Catalysts aren’t all positive. If yields fall too quickly, banks’ net interest income—the difference between loan earnings and deposit costs—could take a hit. Surprises may still emerge from the Trump litigation or European oversight.
JPMorgan’s company update lands in New York City on Feb. 23 at 4:30 p.m. ET, featuring an overview and a Q&A session with top executives. The focus: any new details on 2026 expenses, capital return plans, and the bank’s take on regulatory matters, especially in light of the recent ECB move. (Jpmorganchase)
