A news item today in the NYT says JPMorgan Chase & Co (NYSE:JPM) is in the midst of multi-billion dollar negotiation with various governmental agencies to settle litigation arising from mortgage securities that it sold in the years preceding the great financial crisis. A settlement figure of between $3B to $7B is being bandied about, but this is in a state of flux. Yet, notwithstanding all the bad news, JPMorgan Chase & Co (NYSE:JPM) is one of the top performing financial stocks today, up 1.76 percent to $51.21 at the time of writing. In this context, it might be useful to take…
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