Jpmorgan Chase Stock News

The stock made an attempt to settle below $158.

Most bank stocks drop after JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) start off Q4 earnings seasons with some bumps along the way. In a nutshell: JPMorgan''s <>

Traders should be patient and not rush to a quick decision….JPM

NEW YORK , Jan. 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for JPM, RIO, WFC, TSM, and BAC. Full story available on Benzinga.com

Big American banks are on a roll. JPMorgan and Citigroup on Friday reported record full-year earnings for 2021. Wells Fargo might have too, had regulators not forced it to shrink. Customers and financial markets were exceptionally cooperative in 2021 and will probably continue to be so in 2022. But after a period playing on the same side, the lenders’ chief problem is now each other.

Bank stocks are on the move Friday as several big names in the space release earnings reports and we''ve got all the details.

Comments from the JPM CEO

JPMorgan and Citi profits drop, while Wells Fargo grows earnings with a clean beat of Wall Street targets.

Shares of J.P. Morgan Chase & Co. were the worst premarket performer of the Dow Jones Industrial Average''s components, as they dropped 4.3% following disappointing fourth-quarter results. The implied price decline would shave about 47 points off the Dow''s price, while Dow futures slumped 249 points, or 0.7%, ahead of the open. If JPMorgan''s stock closes down 4.3%, it would be the biggest one-day post-earnings selloff since it sank 4.8% on Oct. 13, 2011. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

JPM and BLK dropped despite better-than-expected earnings. WFC advanced on quarterly results. GLW slipped on a downgrade. PL rose on a satellite launch.

Citigroup posted stronger-than-expected fourth quarter earnings Friday, as the bank followed its larger rival, JPMorgan, in booking huge increases in investment banking fees.

Treasury yields rose, while stock futures declined, as major banks including JPMorgan Chase reported earnings.

Dow Jones futures dropped Friday after Thursday''s stock market sell-off. Citigroup, JPMorgan and Wells Fargo report earnings.

Futures Slide After Disappointing JPMorgan Earnings, Tech Rout Worsens After trading flat for much of the overnight session, S&P futures slumped to session lows shortly after JPM reported earnings that disappointed the market (see our full write up here ) and were last trading down 30 points or 0.64%, with Dow futures down 0.3% and Nasdaq futures taking on even more water as the "sell tech" trade was back with a bang. Treasury yields rose 3bps to 1.74% and the dollar reversed an overnight loss. The VIX jumped above 20 and was last seen around 21. The Nasdaq 100 fell to the lowest in almost three months yesterday as tech came under pressure after Fed Governor Lael Brainard said officials could boost rates as early as March. It looks like the selling will continue today. Market sentiment has been shaken by concerns over the prospect of imminent Fed tightening along with record global Covid-19 infection rates, but we dont expect either of these factors to end the equity rally, said UBS Wealth Management CIO Mark Haefele in a note. The fourth-quarter U.S. earnings season, which started this week, could turn investor attention back to strong fundamentals. JPMorgan shares dropped in premarket trading after revenues and EPS beat thanks to a $1.8 billion reserve release while FICC trading revenue missed expectations even as its dealmakers posted their best quarter ever and Chief Executive Officer Jamie Dimon gave an upbeat assessment of prospects for growth.