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7 Big-Name Stocks Set to Crash

Don't get too comfortable with these well-known companies

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JP Morgan

JPMorgan NYSE:JPMAfter a strong start to the year, JP Morgan Chase (JPM) has rolled back about 7% since early August on a series of bad legal news that looks to take a bite out of company profits.

And while any one of these fines isn’t a big deal, the collective weight of these judgements — and the increasing frequency of lawsuits against big banks like JPM — means that future pressures could put the screws to margins. The threat of increased regulation and oversight is a very real possibility in the medium term.

Consider that JPM just reported a $380 million loss on the quarter, thanks to some $9.2 billion in legal expenses and a cash hoard set aside for future settlements.

CEO Jamie Dimon has long been considered the best bank exec out there, leading the company through the great recession with a deft hand. However, now that the landscape has changed and investors have already bid JPM stock up above its peers, you may want to steer clear of this financial stock.

Article printed from InvestorPlace Media,

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