Updates
** JPMorgan Chase's JPM.N shares fall 2.4% to $316.6 in early trading; on pace for worst day since December 9
** JPM's investment banking fees falls 5% in fourth quarter
** Drop follows a prior-year surge in deal activity that lifted the bank to record annual profit
** "I think the weakness in JPM's investment banking revenue figure is causing some pause... Including investment banking backlog, and JPM had weakness sequentially and year over year," said Stephen Biggar, an analyst at Argus Research
** CFO Jeremy Barnum says proposed cap on credit card interest rates will hurt U.S. consumers and the economy
** President Donald Trump last week proposed a one-year cap on credit card interest rates at 10% starting January 20
** The largest U.S. bank posts adjusted profit per share of $5.23 vs $5 estimate, according to estimates compiled by LSEG
** Lender took $2.2 billion quarterly provision tied to agreement with Goldman Sachs GS.N to assume Apple's AAPL.O credit card partnership
** JPM's stock rose over 34% in 2025
(Reporting by Utkarsh Shetti and Nikhil Sharma in Bengaluru, additional reporting by Ateev Bhandari)
((UtkarshUmesh.Shetti@thomsonreuters.com;))
