New York, Feb 20, 2026, 15:09 (ET) — Regular session
JPMorgan Chase & Co shares rose about 0.6% on Friday, trading at $309.76 in afternoon New York action after moving between $305.83 and $310.94.
The stock’s modest lift came as U.S. equities pushed higher after the Supreme Court struck down President Donald Trump’s sweeping tariffs, even as investors digested weak GDP growth and firmer inflation data. “Striking down of these tariffs will benefit corporate bottom lines, corporate earnings,” Tim Ghriskey, a senior portfolio strategist at Ingalls & Snyder in New York, said. (Reuters)
Why it matters now: trade policy is back in the price again. Trump said he would impose a 10% global tariff for 150 days under Section 122 of the Trade Act of 1974 and also start new Section 301 investigations, steps that could keep markets — and rate expectations — jumpy. (Reuters)
Big U.S. banks traded in different directions. Wells Fargo rose about 0.6% while Citigroup slipped roughly 0.5%, with Bank of America flat and Goldman Sachs little changed.
On the company side, JPMorgan has been staffing up for its $1.5 trillion, 10-year Security & Resiliency Initiative, a program launched in October and aimed at backing sectors tied to U.S. national security and economic stability. A memo seen by Reuters showed hires including former CHIPS Program Office official Kevin Quinn, alongside executives assigned to defense and aerospace and a unit focused on supply-chain vulnerabilities. (Reuters)
The bank also said this week it plans to open more than 160 branches across more than 30 U.S. states in 2026, renovate nearly 600 locations and hire 1,100 employees. “Chase branches are more than just a place to transact; they are vital engines driving economic activity,” Tom Horne, head of consumer branch banking, said. (Reuters)
Regulators added a separate wrinkle. The European Central Bank said it fined JPMorgan’s European arm 12.18 million euros for misreporting capital requirements after wrongly calculating risk-weighted assets — a measure regulators use to set how much capital a bank must hold against potential losses. JPMorgan said it had remedied the issue, and a spokesperson said the unit “proactively identified and self-reported the issues.” (Reuters)
In U.S. court, JPMorgan told a judge that Trump improperly named CEO Jamie Dimon in a lawsuit over accounts that were closed in 2021, arguing it was an attempt to keep the case in state court, a filing showed. A spokesperson for Trump’s legal team said the lawsuit was about the bank “debanking and blacklisting” Trump, Reuters reported. (Reuters)
A Form 4 filing also showed insider selling. Troy L. Rohrbaugh, co-CEO of JPMorgan’s commercial and investment bank, sold 50,000 shares at an average $307.1134 on Feb. 19 under a 10b5-1 plan — a pre-arranged trading plan under SEC rules — leaving 111,279 shares owned directly. (Securities and Exchange Commission)
Still, there’s a “but” for bulls: tariff whiplash and inflation surprises can swing Treasury yields, and big lenders tend to follow. Add the drip of regulatory and legal headlines, and a calm grind higher can turn choppy fast.
Next up, investors will focus on JPMorgan’s scheduled company update in New York on Monday, Feb. 23 at 4:30 p.m. ET, with a firm overview and Q&A sessions with members of executive management. (JPMorgan Chase)
