Mr Cooper Group Inc (COOP)

[germanycircus]

With regard to FASB statement No. 5, if JPM's legal team beleived that there was a "more likely than not" chance of a settlement, they would be required to book the contingent liability in their financial states if the loss could be estimated. If the estimate is a range in which no estimate is more likely than the other, the lowest value in that range would be the reportable amount. As we have all seen estimation of the settlement, I have no reason to beleive that it could not be estimated by their legal team.

So, if the above is correct, we should expect to see an actual figure reported by JPM itself on that interim statement tommorrow. It would definately be good news, even if it was in the smallest of amounts.