Are Big Banks Bulletproof?

By Chris Hill – Sep 19, 2013 at 11:48PM

NYSE: JPM

JPMorgan Chase

Market Cap

$519B

Today's Change

(-0.40%) -$0.72

Current Price

$180.08

Price as of April 17, 2024, 4:00 p.m. ET

Why this big fine is no big deal for JPMorgan.

The following video is from Thursday's Investor Beat, in which host Chris Hill and Motley Fool analysts Tim Hanson and Joe Magyer dissect the hardest-hitting investing stories of the day.

JPMorgan Chase (JPM -0.40%) has agreed to pay $920 million in penalties over its London Whale trade last year that went badly. In our lead story on Investor Beat, Tim and Joe discuss how concerned they are about the company after this, just how big a fine this was for JPMorgan, and whether or not it is out of the woods.

Chris Hill has no position in any stocks mentioned. Joe Magyer owns shares of JPMorgan Chase. Tim Hanson has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.