On Wednesday afternoon, the Associated Press reported that JP Morgan Chase (JPM) was in talks to settle both state and federal government probes into its mortgage backed securities from 2007.
The article gave its source as a government official familiar with the matter, and stated that the reported settlement would include $4 billion worth of relief to consumers and $7 billion in cash. The government investigation into JP Morgan stems from the company’s handling of mortgage backed securities that led up to the Great Recession in 2008.
JPM shares were up up $1.38, or 2.67%, at the end of market trading on Wednesday. YTD, the company’s stock is up over 12.5%.
5 Best Industrial Conglomerate Stocks To Invest In 2015: Rockridge Capital Corp (RRC.V)
Rockridge Capital Corp., a gold exploration company, engages in the acquisition, exploration, and development of mineral properties in Africa. It holds a 100% interest in the Fatou gold project that covers an area of approximately 250 square kilometers in southern Mali, west Africa. The company was founded in 2007 and is based in Vancouver, Canada.
5 Best Industrial Conglomerate Stocks To Invest In 2015: Alkermes Inc.(ALKS)
Alkermes plc, an integrated biotechnology company, develops medicines that enhance patient outcomes. The company has a diversified portfolio of approximately 20 commercial drug products and a clinical pipeline of product candidates that address central nervous system (CNS) disorders, such as addiction, schizophrenia, and depression. It manufactures and commercializes VIVITROL for alcohol and opioid dependence; RISPERDAL CONSTA for schizophrenia and bipolar I disorder; INVEGA SUSTENNA for the treatment of schizophrenia; AMPYRA to improve walking in patients with multiple sclerosis; and BYDUREON for the treatment of type II diabetes. Alkermes? pipeline includes extended-release injectable and oral products for the treatment of prevalent, chronic diseases, such as central nervous system disorders, addiction, and diabetes. The company was founded in 1987 and headquartered in Dublin, Ireland.
- [By Ben Levisohn]
Going through his papers, he found a list of stocks that UBS said to buy if Obama won the election in 2012, including the likes of United Rentals (URI) , First Solar (FSLR),