New York, February 22, 2026, 12:49 EST — Market closed.
- JPM shares last closed up about 0.9% on Friday at $310.79.
- Court papers disclosed JPMorgan closed Donald Trump’s accounts in February 2021; he is seeking $5 billion in damages.
- The bank has also been staffing a $1.5 trillion, 10-year security-focused initiative ahead of a company update on Feb. 23.
JPMorgan Chase & Co shares head into Monday’s U.S. session with a fresh legal headline after court papers showed the bank closed President Donald Trump’s accounts in February 2021, weeks after the Jan. 6 Capitol attack. The bank said it can sometimes “determine that a client’s interests are no longer served” by keeping a relationship with its private bank, and it has asked a judge to move Trump’s $5 billion lawsuit from Miami to New York; the stock last closed up about 0.9% at $310.79. (Reuters)
Why it matters now is less about the old account letters than the live fight over “debanking” — banks shutting accounts or denying services — which has become a political and regulatory flashpoint in Washington and in the courts. JPMorgan, the biggest U.S. lender, says the case belongs in New York because that is where the accounts were held, while Trump alleges the closures were politically motivated and disruptive to his businesses. (AP News)
At the same time, JPMorgan has been trying to tie more of its dealmaking and financing to U.S. economic security themes, including supply chains and frontier technologies. When it rolled out its Security and Resiliency Initiative last year, CEO Jamie Dimon argued the United States had become “too reliant on unreliable sources of critical minerals,” as the bank laid out a $1.5 trillion, 10-year plan that includes up to $10 billion of direct equity and venture investments. (J.P. Morgan Chase)
That push has started to get more defined names on it. A memo seen by Reuters said JPMorgan has hired Kevin Quinn — a former U.S. Commerce Department CHIPS Program Office official — to lead work on frontier and strategic technologies, with Trevor Burns set to oversee defense and aerospace and Sara O’Rourke tapped to lead a supply-chain focused “SRI Solutions” team. (Reuters)
The stock finished Friday higher along with big U.S. banks, as broader equities rose. Bank of America ended up about 0.6% and Wells Fargo gained about 1.3%, while the S&P 500 and Dow also closed higher, MarketWatch data showed. (MarketWatch)
Rates remain the other big lever for bank stocks, because they shape lending margins and the economic outlook that sits behind credit losses. Dallas Fed President Lorie Logan said on Friday she was “cautiously optimistic” inflation would continue to ebb but said she was not yet convinced the U.S. is on a clear path back to the Fed’s 2% target, pointing to uncertainty after a Supreme Court ruling that invalidated many of Trump’s import taxes. (Reuters)
Investors will also track the next readings on inflation that feed into expectations for rate cuts. The Commerce Department’s personal consumption expenditures (PCE) price index — the Fed’s preferred inflation gauge — was last released on Feb. 20, with the next release scheduled for March 13, according to the BEA. (Bureau of Economic Analysis)
But the downside for JPMorgan is that the Trump case drags into a longer political fight over bank-client relationships, pulling in regulators, lawmakers and customers in ways that are hard to model. A wobble in rates, or signs of softer loan demand and higher credit costs, could also swamp any company-specific story.
What’s next on the calendar is a company update JPMorgan is scheduled to host in New York City on Monday, Feb. 23 at 4:30 p.m. Eastern, with a firm overview presentation and Q&A sessions with members of executive management, the bank said. Slides are due around 4:00 p.m. and the event will be webcast. (J.P. Morgan Chase)
