The following video is from Monday's edition of Investor Beat, in which host Alison Southwick and Motley Fool analysts Jason Moser and Matt Argersinger dissect the hardest-hitting investing stories of the day.
JPMorgan Chase (NYSE:JPM) has reached a tentative deal with the Justice Department to pay out $13 billion to settle a number of investigations into residential mortgage-backed securities that helped usher in the financial crisis, according to The Wall Street Journal. In our lead story on Investor Beat, Motley Fool analysts Jason Moser and Matt Argersinger discuss how much this will affect JPMorgan and how much more pain is in store.
Alison Southwick, Jason Moser, and Matthew Argersinger have no position in any stocks mentioned. The Motley Fool recommends Bank of America and Wells Fargo and owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.