JPMorgan Coughs Up $517 Million for MF Global

In the following video, Motley Fool financials analysts Matt Koppenheffer and David Hanson discuss JPMorgan Chase's (NYSE: JPM  ) $517 million settlement with MF Global. When MF Global experienced a liquidity crisis and tapped into customer accounts to meet liquidity requirements, its resulting meltdown into bankruptcy left customers taking massive losses. This settlement, in which JPMorgan releases its claim to a huge amount of the now-bankrupt company's cash, should return the funds to most of the affected customers. Matt tells investors what this means for JPMorgan investors.

With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal or whether finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether JPMorgan is a buy today, I invite you to read our premium research report today. Click here now for instant access!


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  • Report this Comment On March 20, 2013, at 8:42 PM, asif1031 wrote:

    lol @ the guy with the bow tie. . . comeon man, i can't take you seriously. but really... jpmorgan shouldnt be giving up any money.. this is MF Global's mess... you know what else MF stands for ?

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