JPMorgan Chase & Co. (NYSE:JPM)’s recent $13 billion mortgage settlement was within expectations and would push JPM’s pedestrian multiple higher, believes Sterne Agee. Credit Suisse Group AG (NYSE:CS) analysts believe the vast majority of financial impact from the mortgage settlement has been recognized with JPMorgan Chase & Co. (NYSE:JPM) set to experience decline in its litigation costs from 2014 onward. JPMorgan’s $13 billion settlement Last week, JPMorgan Chase & Co. (NYSE:JPM) arrived at a settlement with the President’s RMBS Working Group of the Financial Fraud Enforcement Task Force. JPM will pay $13 billion for the resolution of all the actual and probable…
JPMorgan Chase Settlement Would Push Its Multiple Higher
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports