What the Market Is Saying About Big Banks
It remains to be seen if JPMorgan Chase is truly close to shelling out $11 billion to settle crisis-era mortgage-backed security issues. But what does seem very clear is that there will be a settlement, and it will be big.
With that nine-figure settlement bouncing around in the media, JPMorgan's stock actually rose in the days following. In the video below, Fool banking analyst Matt Koppenheffer explains what the bank's investors -- and investors in competitors like Bank of America and Citigroup -- should take away from this odd combination of events.
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The article What the Market Is Saying About Big Banks originally appeared on Fool.com.Matt Koppenheffer owns shares of Bank of America and JPMorgan Chase. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.