NYSE:JPMBanks
Why JPMorgan Chase (JPM) Is Down 5.8% After Apple Card Charge and Rate-Cap Scrutiny - And What's Next
Earlier this week, JPMorgan Chase reported fourth-quarter 2025 results showing higher net interest income but a 7% drop in quarterly profit to US$13.03 billion, alongside lower-than-expected investment banking fees and a US$2.20 billion credit reserve tied to its deal to take over the Apple Card portfolio from Goldman Sachs.
At the same time, President Trump’s call for a one-year 10% cap on credit card interest rates has put JPMorgan’s highly profitable card business under policy scrutiny,...