Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, May 22, 2015

Article Excerpt

J.P. MORGAN CHASE & CO., $66.47, New York symbol JPM, has agreed to settle charges that it colluded with other major banks to manipulate foreign exchange rates between December 2007 and January 2013. As a result, Morgan will pay a total of $892.0 million in fines. To put that in perspective, the bank earned $5.9 billion, or $1.45 a share, in the three months ended March 31, 2015. Morgan has already set aside funds to cover potential lawsuit payouts, including this one, so this week’s settlement will not hurt its current earnings. It has also strengthened oversight over its trading operations. J.P. Morgan is still a buy. J.P. Morgan was recently covered in the May 2015 issue of Wall Street Stock Forecaster. Click here to access it. J.P. Morgan was recently covered in the April 2015 issue of Wall Street Stock Forecaster. Click here to access it. CONAGRA FOODS INC., $38.85, New York symbol CAG, has agreed to settle charges related to a February 2007…