JPMorgan’s Global Settlement, Facebook Rides Canaccord Initiation, and 3 More Hot Stocks

JPMorgan Chase & Co. (NYSE:JPM): Under a global settlement to put to rest the myriad investigations into its practices, JPMorgan may see itself shelling out anywhere from $3 billion to $7 billion in order to avoid round after round of costly litigations. The settlement, sources told The New York Times, might also require JPMorgan to provide some financial relief for struggling homeowners, as much of the settlement would be directly correlated with state and federal agencies over the bank’s sale of troubled mortgage securities to investors in the early stages of the financial crisis.

jpm-20130925