What does JPMorgan's $11 billion settlement mean?

Shares of the bank were flat Thursday despite the fact that it may have to make a massive payout. Should investors be worried?

By Motley Fool Investor Beat Sep 26, 2013 3:02PM
Shares of JPMorgan Chase (JPM) were flat Thursday, even after news that the company may have to pay regulators $11 billion in settlements related to mortgage-backed securities.

Motley Fool Financial Analyst Matt Koppenheffer isn't too worried. He sees this as an attempt by JPMorgan to put all of its issues from the recession behind it.

As Matt points out, the market is more concerned about clarity than it is about the actual amount JPMorgan will have to pay. Although the settlement, if it actually happens, will hit JPMorgan's bottom line, the company's underlying business is running smoothly enough that it will still come out ahead.


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Tags: JPM
2Comments
Sep 26, 2013 3:21PM
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It means the DOJ is screwing the guys that the Fed screwed when they made JPM pay $10 PS instead of $2 PS for Bear Sterns. They are all a bunch of crooks and liars so who cares.
Sep 26, 2013 9:02PM
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YOU KNOW WHAT'S FUNNY ABOUT THIS WHOLE MESS, IT WAS THE DEMOCRAPS WHO CREATED THIS MESS AND NOT THE BANKS, SPECIFICALLY CHRISTOPHER DODD AND FAG BARNEY FRANKS. IF I WAS THE C.E.O. J.P. MORGAN I WOULD TELL OBAMA'S DOJ, TRY TAKING IT.
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