For the first time under the tenure of long-time CEO Jamie Dimon, JPMorgan Chase posted a loss in the third quarter. While earnings were in line with Wall Street’s estimate, the firm had $9.2 billion in legal expenses. JPMorgan Chase anticipates additional legal costs stemming from federal and state probes on multiple regulatory fronts; therefore, the bank has set aside an additional $13.8 billion for settlements, fines and other legal expenses.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: