JPMorgan Chase has been appointed by Barclays to facilitate its new £1 billion share buyback program, reinforcing the bank's status as a premier partner for major European corporate actions. JPMorgan shares fell -1.87% to $312.32 as investors weighed the news against broader economic concerns.
- The selection follows recent analyst upgrades from HSBC and Baird, which cited the bank’s best-in-class franchise and potential for market share gains.
- The stock's decline was influenced by a complex January jobs report featuring massive downward revisions to 2025 labor data.
- Market sentiment remains cautious as data suggests interest rates may stay elevated through mid-2026.