'JPMorgan Prepared To Pay $290M In Epstein Settlement' - New York Times
Portfolio Pulse from Benzinga Newsdesk
JPMorgan is prepared to pay $290 million in a settlement related to its dealings with Jeffrey Epstein. The settlement will be distributed among Epstein's victims.
June 12, 2023 | 1:49 pm
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NEGATIVE IMPACT
JPMorgan is set to pay $290 million in a settlement related to Jeffrey Epstein, which may negatively impact its stock price in the short term.
The $290 million settlement is a significant expense for JPMorgan and may lead to negative sentiment among investors. This could result in a short-term decline in the stock price. However, the settlement may also be seen as a step towards resolving the issue, which could limit the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100