Is JPMorgan Chase a Good Portfolio Play?

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With shares of JPMorgan Chase & Co. (NYSE:JPM) trading around $57, is JPM an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

JPMorgan Chase is a financial holding company that provides various financial services worldwide. The company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management, and private equity. Financial services companies like JPMorgan Chase are essential for well-functioning economies around the world.

JPMorgan Chase agreed to pay bond insurer Syncora Guarantee Inc. $400 million to end lawsuits over mortgage-backed securities. The insurer had claimed JPMorgan and firms the bank had acquired misrepresented the quality of loans included in securitizations. Syncora, which announced a deal on February 24 without disclosing terms, said in a February 28 annual regulatory report on its website that it’s getting $400 million in cash from the New York-based lender. JPMorgan Chief Executive Office Jamie Dimon, 57, has said his preference is to settle disputes tied to behavior from the financial crisis. He agreed to more than $23 billion in legal and regulatory settlements last year. Brian Marchiony, a spokesperson for the bank, declined to comment on the deal. Reuters reported the settlement figure earlier today. The settlement couldn’t immediately be confirmed in court records.

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