JPMorgan Chase Still Undecided About Mortgage Settlement [REPORT]

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JPMorgan Chase Still Undecided About Mortgage Settlement [REPORT]
Joe Mabel [CC BY-SA 3.0], via Wikimedia Commons

FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that JPMorgan Chase is “accessing the chances” of mortgage settlement “at 50-50, so clearly not a done deal.” Gasparino went on to report, that JPMorgan Chase insiders say “the deal won’t end all its regulatory probes” and that “the market reacted very positively when this thing first hit the tape, but, you know, it might be a little too optimistic. It’s not going to end everything.”

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JPMorgan Chase Still Undecided About Mortgage Settlement [REPORT]

On JPMorgan Chase’s chances of mortgage settlement:

“Here is what we know, this 11 billion dollar settlement is kind of on the table I should say. It is not a done deal. I’ve been talking to JPMorgan Chase & Co (NYSE:JPM) insiders they’re accessing the chances of this thing happening at 50-50, so clearly not a done deal. They say the deal won’t end all its regulatory probes, so the market reacted very positively when this thing first hit the tape, but, you know, it might be a little too optimistic. It’s not going to end everything and here is the interesting thing. The number, the 11 billion dollar number if traders are playing off this, it could change, it could change dramatically based on the language in the complaint.”

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