CEO Jamie Dimon of JP Morgan (NYSE:JPM) said yesyerday that the bank will stay in the GIIPS for “largely social, and partially economic” reasons, although pulling out had been considered. “I hope we will still be doing business there in 50 or 75 years,” Dimon said. The bank is in for the long haul, as it has $15B in exposure.

Don’t Miss: J.P. Morgan Considered Leaving the Euro Periphery.

When the IPO reportedly comes next week with a valuation of $70B-$100B, Morgan Stanley (NYSE:MS) looks eager to land the starring role as Facebook’s lead underwriter. Expected to have a “major role” but not the lead is Goldman Sachs (NYSE:GS). This is because Zuckerberg & Co. resented Goldman’s SEC rebuke for attempting to arrange a private placement for its clients.

Green Dot (NYSE:GDOT) announced recent multi-year extensions to exclusive distribution agreements with Rite-Aid (NYSE:RAD) and Kmart (NASDAQ:SHLD), two of its most important long-term retail partners. Shares trade lower after Green Dot missed on its Q4 revenue, despite a 77% Y/Y jump in earnings and raising its 2012 guidance.

Bank of America‘s (NYSE:BAC) mortgage modification practices are being targeted by Arizona, the latest state to do so, according to Bloomberg, which also says that BoA negotiated at least 12 secret settlements with borrowers that include non-dispargement clauses. The Arizona Attorney General’s office is asking a court to block those parts of the settlements and require the bank to hand over all the agreements to that office.

Investing Insights: Active Bank Stocks Jan 27th: BofA, JP Morgan, Morgan Stanley, TD, US Bancorp.

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