JPMorgan's Swelling Legal Provisions Do Not Undermine Strong Q3 Performance — forbes.com

JPMorgan Chase reported slightly worse-than-expected numbers for the third quarter of the year on Tuesday, October 14, and investors were initially not thrilled. The bank’s shares lost almost 4% of their value within minutes of the opening bell, as investors reacted to the unexpected $1 billion in legal reserves which JPMorgan set aside to cover costs from the ongoing foreign exchange investigation. However, as the bank’s strong underlying performance for the quarter became apparent, the trend reversed over the rest of the day and the shares closed about flat.

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