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?
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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The idea of US crude being a shelter from turmoil abroad may not be as far fetched as it seems.
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