4 Financial Stock Stories Making Big Headlines Wednesday

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JPMorgan Chase & Co. (NYSE:JPM): Current price $52.71

JPMorgan and Goldman Sachs Group (NYSE:GS) have praised the United States Supreme Court decision on Wednesday that overturned a federal law that refuses benefits to same-sex married couples. Chief Executive Jamie Dimon said in a statement that, “This is good for our company and clients, but more importantly, it’s the right thing to do. The rights of all people are important and must be protected.” A number of the largest financial firms in the U.S. have criticized prohibitions of same-sex marriage, for the reason that the measures make it more difficult to recruit staff. The insurer Chubb Corp., which showcases the benefits it offers to domestic partners, said two years ago that DOMA “imposes burdens” on businesses. However, one of the very top banking centers is Charlotte, located in North Carolina, which recently passed a state constitutional amendment banning same-sex marriage altogether.

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