JPMorgan Chase shares dropped 4.08% to $337.75 on Thursday following reports of a potential Senate investigation into the bank's historical ties to Jeffrey Epstein. This decline effectively reversed the gains the stock achieved following the recent election, when it had closed at $352.11.
The Senate Finance Committee, led by Senator Ron Wyden, intends to examine how senior executives managed the relationship with Epstein. The probe may focus on Mary Erdoes, head of Asset and Wealth Management. The committee could use its authority to subpoena internal records, emails, and compliance files starting in January.
Senator Wyden’s previous findings from November 2025 indicated that JPMorgan reported approximately $1.3 billion in suspicious transactions related to Epstein after his death, compared to just over $4.3 million while he was alive. In 2023, the bank settled related lawsuits for $365 million without admitting wrongdoing.
Despite the current market reaction, analysts maintain a neutral to positive outlook. According to TipRanks, 10 out of 19 analysts rate the stock as a Buy, while nine suggest a Hold. The average 12-month price target remains at $373.81, representing a potential upside of 10.6% from the Thursday closing price.
