Shares of JPMorgan Chase & Co. (JPM) are under pressure as the financial sector emerges as the worst-performing group in the S&P 500 (SP500) so far in 2026.
The bank’s stock fell 2.3% on Thursday, trading near $280.75, marking its lowest level in more than eight months and its weakest price since June 23, 2025. The decline reflects the broader challenges facing financial stocks this year as investors rotate away from the sector amid heightened market volatility.
From a technical perspective, JPMorgan has now slipped into oversold territory, with its relative strength index dropping to 29.92. The last time the stock reached similar levels was in early April 2025, suggesting momentum has deteriorated sharply in recent sessions.
Technical indicators also point to a weakening trend. JPMorgan currently trades below its 50-day, 100-day, and 200-day moving averages, signaling sustained downside pressure.
Despite remaining one of the largest and most influential U.S. banks, the stock has now fallen roughly 17% from its all-time high of $337.25, which was recorded on January 5.
The pullback underscores the sharp reversal for financial stocks after a strong run in recent years.
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