Replies to post #1097 on JP Morgan Chase & Co (JPM)

[BullNBear52]

Here is the important part,

Whatever the outcome of the case, Starke does not believe owners of Washington Mutual's common stock have any hope of recovery, nor does he believe it will have much if any effect on JPMorgan's stock, as the amounts in dispute are relatively minor for the banking giant. Washington Mutual shares have swung wildly on heavy volumes at different periods in recent months, on hopes a favorable court ruling will help them recover some value.