New York, Feb 17, 2026, 11:45 AM ET — Regular session
- JPMorgan Chase shares climbed roughly 1.4% in late-morning trading, beating out a weaker broader market.
- Investors tracked AI-fueled swings in tech stocks and kept an eye on the Fed’s inflation cues this week.
- Attention shifts now to the Fed’s minutes set for Feb. 18, followed by PCE inflation figures arriving Feb. 20, and then JPMorgan’s company update landing Feb. 23.
JPMorgan Chase & Co climbed roughly 1.4% to $306.73 on Tuesday, bucking the broader market’s shakiness. Shares were up $4.18 from the previous close, after swinging between $302.14 and $308.21 earlier in the session.
JPMorgan’s action turned heads, given its status as a powerhouse in both major U.S. equity indexes and the broader financial sector—a typical haven when nerves set in. The timing coincides with traders puzzling over whether AI-stock weakness marks a brief pause or signals sharper trouble ahead.
This is crucial right now: upcoming U.S. data releases have the power to shake up interest-rate bets, and the big banks’ shares move alongside those shifts. Net interest income—the difference between what banks make from loans and what they pay out on deposits—remains a major engine for the sector.
Wall Street’s main indexes slipped in uneven post-holiday action, weighed by tech giants as investors grew wary of disruptions tied to artificial intelligence. Alibaba introduced its Qwen 3.5 AI model on Monday. “You are seeing a rebalance… it’s natural,” noted Stash Graham, managing director and CIO at Graham Capital Wealth Management. The S&P 500 financials index climbed 0.8%, with Goldman Sachs and JPMorgan both posting gains. (Reuters)
Treasury yields showed little clear direction. The 10-year slipped to 4.039%, down from 4.056% late Friday—a move that can rattle bank stocks by shifting expectations around lending margins. “It clearly has affected the tone of the market,” said Peter Tuz, president of Chase Investment Counsel, as AI concerns linger. Fed officials Michael Barr and Mary Daly are set to speak on AI later Tuesday. (Reuters)
Chicago Fed President Austan Goolsbee floated the possibility of “several more” rate cuts coming in 2026—if inflation starts cooperating and moves back toward the 2% target. “We’ve got to see it” in the numbers, he cautioned. For now, the Fed kept its benchmark rate at 3.5%-3.75% at the January meeting and, according to Goolsbee, is likely to hold steady again in March. (Reuters)
The Federal Reserve is set to release the minutes from its January 27-28 meeting this Wednesday, Feb. 18, at 2 p.m. ET, according to the central bank’s calendar. (Federal Reserve)
The BEA is set to release its personal income and outlays numbers Friday, with the PCE price index—closely tracked by the Fed—on deck for Feb. 20 at 8:30 a.m. EST. (Bureau of Economic Analysis)
JPMorgan has its next company update set for the following Monday. The bank plans to hold the event in New York on Feb. 23, kicking off at 4:30 p.m. ET. Senior executives are slated to give a firm overview and take questions. (JPMorgan Chase)
The risk isn’t new: hotter-than-expected inflation data, and suddenly “higher for longer” is back in the rates mix—bank stocks can lose ground quickly. On the flip side, if long-term yields slide more sharply, that loan-and-deposit spread gets squeezed, and the sector feels it.
JPMorgan investors are zeroed in on Wednesday’s Fed minutes, with Friday’s PCE numbers also on the radar. All this comes before the company’s update on Feb. 23.
