JPMorgan Chase Settlement Would Push Its Multiple Higher

JPMorgan Chase & Co. (NYSE:JPM)’s recent $13 billion mortgage settlement was within expectations and would push JPM’s pedestrian multiple higher, believes Sterne Agee. Credit Suisse Group AG (NYSE:CS) analysts believe the vast majority of financial impact from the mortgage settlement has been recognized with JPMorgan Chase & Co. (NYSE:JPM) set to experience decline in its litigation costs from 2014 onward. JPMorgan’s $13 billion settlement Last week, JPMorgan Chase & Co. (NYSE:JPM) arrived at a settlement with the President’s RMBS Working Group of the Financial Fraud Enforcement Task Force. JPM will pay $13 billion for the resolution of all the actual and probable…