JPMorgan Chase

Ticker JPM. Bank and card issuer.

5 items in 3 issues, Nov 2, 2026 to Nov 9, 2026, newest first. Each item links to the issue it ran in, where its sources are listed.

November 2026

Mon, Nov 9 · Banks & charters
Rate watch. Rate watch tracks what savers earn and how much money sits in each bucket, the other side of the card rates above.Savings and other liquid deposits: Balances were $10.44 trillion in September, down from $10.87 trillion a year earlier. The FDIC's national average savings rate was 0.38% in October, down from 0.40% a year earlier. Online banks pay far more. EverBank pays 4.20% APY on new Performance Savings accounts, and Openbank, Santander's digital bank, pays 4.00% (4.35% for new customers' first six months), both as posted Nov. 9. SoFi pays 3.30% with direct deposit (as of Oct. 20), and Ally pays 3.20% (as of Nov. 5).CDs (small time deposits): Balances were $1.51 trillion in September, down from $1.52 trillion a year earlier. The national average 12-month CD rate was 1.76% in October, up from 1.68% a year earlier; Ally's High Yield CD pays 2.90% APY (as of Nov. 5).Money market funds: Assets were $8.02 trillion in the week ended Nov. 4, up from $7.53 trillion a year earlier, including $3.12 trillion in retail funds. These uninsured funds pay more than most bank savings accounts. The Crane 100 index of the largest funds had a seven-day yield of 3.75% as of Nov. 8, compared with 3.58% at the end of 2025.Biggest low-rate deposit bases: JPMorgan Chase's consumer bank held $1.10 trillion of average deposits in the third quarter, up 4% from a year earlier, and earned a 2.78% margin on them. JPMorgan does not disclose a consumer rate paid. Bank of America's Consumer Banking unit held $948.6 billion of average deposits, little changed from $947.4 billion a year earlier. It paid an average rate of 0.51% on them, compared with 1.49% across all of BofA's deposits.The shift: Over the past year, savings and other liquid deposits fell about $422 billion while money market fund assets grew about $481 billion. Deposit balances fell about $822 billion in November and December 2025 alone and have since recovered about $338 billion.Deposit balances are Federal Reserve H.6 data, seasonally adjusted; rates are each bank's posted rate or FDIC monthly averages.
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Mon, Nov 9 · Worth a read
Agents at the door. Banking Dive's Caitlin Mullen talks with Socure CEO Johnny Ayers about why JPMorgan Chase, Bank of America and Citi have blocked AI agents from customer accounts. Socure says it works with 19 of the top 20 U.S. banks. The piece lays out the liability questions in plain terms, and Ayers expects lenders to set clear protocols in about six months.
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Wed, Nov 4 · The big story: Democrats take Congress
Rate caps. A 10% card rate cap is back in play: bipartisan bills in both chambers would cap rates at 10%, average card APRs sit above 20%, nearly double a decade ago, and a May Harvard CAPS/Harris poll found 72% support for a one-year cap. The White House has backed away from the idea and JPMorgan's Jamie Dimon calls it an "economic disaster," but American Banker lists credit cards among the few areas where a narrow deal could ride on a must-pass bill.
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Wed, Nov 4 · Banks & charters
Bank stocks. Banks held their gains by mid-morning, with KBE up 2.0%, KRE up 2.1% and JPMorgan up 3.7%, and Amex rose 2.2%. Card lenders went the other way: Capital One fell 2.6% and Synchrony 2.5%, which Reuters tied to rate-cap worries; TD Cowen expects any final cap to land closer to 36% than 10% and says it could hit fintechs harder than banks. Strategists read the result as gridlock, and American Banker expects bold financial legislation to stall.
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Mon, Nov 2 · Cards & payments
AI agents. Plaid payments head Brian Dammeir says AI shopping agents could shift spending toward bank payments, even as five of the largest U.S. banks, including JPMorgan Chase and Citi, block outside AI agents from customer accounts over fraud and liability concerns.
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