JPMorgan Chase and Bank of America Will Match $1,000 US Contributions to Employee ‘Trump Accounts’

JPMorgan Chase & Co. (NYSE:JPM) is among the Ken Fisher Stock Portfolio: 12 Best Stocks to Buy.

JPMorgan Chase & Co. (NYSE:JPM), Bank of America, and Wells Fargo stated on January 28, 2026, that they would match the $1,000 one-time contribution made by the US government to children’s retirement savings accounts for qualified employees, as reported by CNBC. As part of a pilot initiative, eligible children born in the United States between January 1, 2025, and December 31, 2028, will receive a $1,000 deposit from the U.S. Treasury into tax-advantaged accounts. Financial companies and prominent individuals have committed to the project, which seeks to promote long-term saving and investment from birth.

Separately, on January 14, 2026, TheFly reported that Baird maintained its “Underperform” rating following the release of the fourth-quarter data. It upgraded its price target on JPMorgan Chase & Co. (NYSE:JPM) from $260 to $280. The company updated its model, citing excellent credit and solid core PPNR.

The stock is down by 5.86% YTD as of January 29, 2026.

JPMorgan Chase & Co. (NYSE:JPM) is one of the largest financial institutions in the United States, with over $4 trillion in assets.

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Disclosure: None. This article is originally published at Insider Monkey.