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Stock Market & Financial Investment News

News Breaks
November 8, 2012
07:46 EDTJPMJPMorgan reaches 'agreement in principle' to settle SEC probes into MBS claims
JPMorgan disclosed in its 10-Q filing that, in January, the firm was advised by SEC staff that they are considering recommending to the SEC that civil or administrative actions be pursued arising out of two separate investigations they have been conducting. The first now involves potential claims against J.P. Morgan Securities and J.P. Morgan Acceptance Corporation I relating to delinquency disclosures in connection with a single mortgage-backed securitization. The second involves potential claims against Bear Stearns entities and J.P. Morgan Securities relating to disclosures concerning settlements of claims against originators involving loans included in a number of Bear Stearns securitizations. JPMorgan stated, "The Firm has reached an agreement in principle with the staff of the SEC to resolve these matters. The agreement in principle is subject to approval by the SEC, as well as court approval."
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May 11, 2015
07:46 EDTJPMJPMorgan price traget raised to $73 from $68 at BofA/Merrill
BofA/Merrill raised Buy rated JPMorgan's price target to $73 following a meeting with Chairman Jamie Dimon. The analyst believes earnings surprises are likely and the market is over-discounting the impact of regulation. BofA/Merrill expects JPMorgan to benefit from its multi-dimensional model, EPS sensitivity to rising interest rates, and a shift in Fed monetary policy which will drive bond market volatility.
07:28 EDTJPMJPMorgan downgraded to Neutral from Buy at MKM Partners
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May 10, 2015
20:03 EDTJPMCiti, JPMorgan, UBS consider exiting U.K., Financial Times says
Citi (C), JPMorgan (JPM), and UBS (UBS) are considering exiting their London operations due to the U.K.'s bank levy, reports the Financial Times, citing people familiar with the matter. There is particular focus among the banks to reduce repurchase agreements, said three senior industry figures. The Financial Times notes that the recent Conservative win could see political maneuvers to reduce or renegotiate the levy, potentially persuading the banks to stay. Reference Link
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