JPMorgan Chase & Co. will fight “till the end” anyone who sues claiming they were misled over more than $6.2 billion in losses at the chief investment office last year, Chief Executive Officer Jamie Dimon said.
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors is being considered by a New York judge two years after the lender struck the deal to resolve claims over home loans bundled into securities.
Betsy Graseck, a bank analyst at Morgan Stanley, says JPMorgan Chase is delivering "double-digit return on equity." Graseck talks with Bloomberg's Tom Keene and Sara Eisen on Bloomberg Radio's "Bloomberg Surveillance."
Bank of America Corp., the second- largest U.S. lender, rose the most among firms on the KBW Bank Index after Morgan Stanley upgraded the stock to overweight because expense savings are greater than potential legal costs.
The six largest U.S. banks may return almost $41 billion to investors in the next 12 months, the most since 2007, as regulators conclude firms have amassed enough capital to withstand another economic shock.