J.P Morgan Stock Analysis
Stocks closed Friday at 54.3. FED’s postponing the bond purchase to 2014 and temporary resolution of borrowing limit issue of USA have relieved the stocks. 52.9 is my support point.
Despite of the adverse events in the company, I think stocks may rise to 58$. For short term investments, you can invest in this company.
J.P Morgan is having a difficult time because of the fines. Latest new is the deal made with Ministry of Justice. J.P Morgan chose to make a 13 billion $ deal with Ministry of Justice for the Mortgage cases.
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