4 Financial Stock Stories To Take to the Bank

JPMorgan Chase & Co. (NYSE:JPM) Closing price $46.15

JPMorgan, the biggest domestic bank, will compensate borrowers with $2 billion in mortgage relief and direct cash payments, to resolve home-loan abuse allegations by regulators. More specifically, the firm will make a cash payment amounting to $753 million and reserve $1.2 billion towards foreclosure prevention efforts as part of an $8.5 billion accord with 10 banks and their regulators that was announced on Monday, according to a Thursday regulatory filing.

jpm