12 Reactions To J.P. Morgan’s Earnings Report And Its Massive Legal Expenses

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1.) The most shocking thing about J.P. Morgan’s (JPM) earnings release was the high legal costs that were incurred:

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2.) In-fact, here’s what CEO Jamie Dimon said about the legal costs:

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3.) And here’s a comment that demonstrates how large and wide-reaching these legal costs are:

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4.) Despite the legal costs Fitch let everyone know that their rating  still stands:

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5.) The legal costs that J.P. Morgan incurred were so large that many traders and investors were trying to put it into perspective:

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6.) On the earnings call J.P. Morgan mentioned their liquidity coverage ratio a number of times. Here’s a link to what that means:

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7.) One highlight from the earnings report is that the investment bankers continue to rake in the cash:

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8.) The fundamental investors were looking at the analyst estimates following the earnings report:

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9.) A somewhat worrisome sign from both J.P. Morgan’s and Wells Fargo’s earnings reports is that the mortgage markets are slowing:

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10.) Here’s a great stat about the start to earnings season:

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11.) Here’s what some consider to be the most important two charts from J.P. Morgan and Wells Fargo:

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12.) This earnings season may be somewhat lackluster. Just look at the reports from Wells Fargo and J.P. Morgan:

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