JPMorgan (JPM) Slides 4% on Reports of Senate Democrats' Epstein Records Probe

Wyden's Finance Committee Prepares Subpoenas

Shares of JPMorgan Chase (JPM) slid more than 4% in New York trading on Thursday after reports emerged that Senate Democrats plan to open a congressional investigation into how the bank's most senior executives managed its relationship with Jeffrey Epstein, the financier who died in federal custody in 2019 after being charged with sexually exploiting minors. The selloff handed back most of what the stock had gained after Wednesday's midterm elections, which put Democrats in control of both chambers of Congress from January. Staff on the Senate Finance Committee intend to examine the conduct of high-ranking executives and their handling of the bank's ties to Epstein, a post from reporter Eamon Javers confirmed on Thursday, and much of the expected scrutiny falls on Mary Erdoes, who leads the bank's asset and wealth management division. Senator Ron Wyden, the Oregon Democrat expected to chair the committee, has tracked Epstein's finances since 2022; with the majority in January comes subpoena power over internal emails, trading records and anti-money-laundering files. The core question is whether executives kept providing financial services while aware of allegations against Epstein. Wyden's November 2025 memo put the bank's posthumous suspicious-activity reporting on Epstein at roughly $1.3 billion, against just over $4.3 million flagged while he was alive, a gap he argues goes to whether the bank monitored and reported crime-linked transactions in time. In 2023, JPMorgan agreed to pay $365 million to settle claims from Epstein's victims and the US Virgin Islands authorities, without admitting legal responsibility. A bank spokesperson said the US government held decisive information about Epstein's crimes and never provided it to the bank, adding that JPMorgan regrets its association with him but did not aid his crimes.

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A post from reporter Eamon Javers.

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The stock changes hands at $337.61, down 4.06% over the past 24 hours inside a $336.16 to $360.00 range, COINOTAG data shows. The composite scoring rates the strongest support below the market at $325.35, 68 out of 100, while the $359.59 resistance overhead carries 89 out of 100, the heaviest weight in the pack. The daily RSI reads 49.2, the MACD signal remains bullish, and tracked perpetual open interest stands near $1.04 million.

Wall Street Keeps Buy Ratings

Before the drop, the stock had closed Wednesday at $352.11, up 4.18%, as the Dow climbed roughly 1,500 points on the Democratic wins in both chambers of Congress. Thursday's session returned nearly all of that post-election advance within hours of the probe reports, a sharper reversal for having followed a broad rally. The inquiry also lands weeks after the bank missed its third-quarter earnings expectations, adding a second overhang for shareholders. Ratings desks have not turned: of the 19 analysts tracked on TipRanks, 10 rate the stock a buy and 9 a hold, with no sell ratings, and the average 12-month price target stands at $373.81, about 10.6% above Thursday's level. Wyden's warnings reach past the largest US bank. He has said banks that helped conceal Epstein's crimes will be made to answer before the Senate Finance Committee for their role in harming the American people. Senate Democrats are also preparing investigations into private equity's impact on living costs, data center taxation and the artificial intelligence industry, and the new majority takes over committee operations in January. The probe plans come from source descriptions of committee staff intentions; the committee itself has made no formal announcement. Traders now watch the nearest support at $336.48, scored 54 out of 100 in COINOTAG's composite, sitting directly under the market.