JPMorgan Chase shares fell 2.97% to $307.85 on February 5, 2026. Broader equity markets retreated as intensifying recession fears triggered a sell-off.
Weekly jobless claims reached 231,000, surpassing analyst expectations. Announced job cuts for January totaled 108,435, marking the highest level since 2009. This labor market weakness heightened investor concerns regarding a potential economic slowdown.
The decline reflects sector-wide pressure on financial stocks during a shift toward risk-off sentiment. JPMorgan's February 4 closing price of $317 had already priced in steady execution and modest growth. This valuation left the stock with a limited upside cushion during the market correction.
While 14 analysts maintain a consensus Buy rating, near-term momentum has shifted negative. Investors continue to rotate out of equities and into safer assets.