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JPMorgan Chase & Co. (NYSE:JPM)’s $13 Billion Settlement Sets Legal Precedent For Other Banks

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An arbitration panel that, earlier on in the year, made Citigroup Inc. (NYSE:C) pay an investor, has lost a rare challenge against a compensation of $10.8 million. Shares of Citigroup Inc. (NYSE:C) ended at a value of $55.20 on previous day’s trading. The institutional ownership of the stock is 70.40% whereas its inside ownership is 0.08%. Share capital of Citigroup Inc. (NYSE:C) has outstanding shares of 3.03 billion.

With a target price of $3.65 on an average the stock of National Bank of Greece (ADR) (NYSE:NBG) is rated at Underweight. The Bank’s stock kicked off its trading day at a value of $5.75 and went up as high as $5.93 during the entire trading day; the stock closed at $5.87. Stock’s weekly performance was 3.53%.

According to StockRatingsNetwork.com, Sanford C. Bernstein’s research analysts repeated the rating of “market perform” of the stock of Barclays PLC (ADR) (NYSE:BCS) in their report that came out on Tuesday. Barclays’ stock has a target price of GBX 290 which is equal to $4.76. There seems to be an imminent upside of 2.22% from Barclays PLC (ADR) (NYSE:BCS)’s existing price as indicated by price objective of Sanford C. Bernstein. On the last day of trading Barclay’s stock held a share volume of 2.55 million. The stock opened at a value of $19.03 and during the day’s trading went up as high as $19.05 and finally took another jump by 0.53% and ended at $18.90.

Interviews and a confidential analysis of the impending legal exposure of the industry conclude that Wall Street may have to pay federal authorities who are pursuing banks that played a part in the mortgage catastrophe almost $50 billion. According to top-level banking executives, the record mortgage settlement of $13 billion made by JPMorgan Chase & Co. (NYSE:JPM) in November has increased the pressure on banks to make deals themselves. In the yesterday’s market shares of JPMorgan Chase & Co. (NYSE:JPM) closed at $58.76. Institutional ownership of the stock is 75.00% whereas its insider ownership is 0.10%. The share capital of the stock has outstanding shares of of 3.77 billion out of which 3.74 billion are being floating in the market.

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