JPM Shares Down 1% as JPMorgan Agrees to Pay $920M in Settlement

The JPMorgan settlement case has expectedly resulted in the firm’s shares losing 81 cents (0.84%) of their value on Tuesday. The shares of investment banking giant JPMorgan Chase & Co (NYSE: JPM) dipped on Tuesday following reports that the firm will be paying about $920 million in settlement to clear off its market manipulation or ‘spoofing’ charges levied by the Commodity Futures Trading Commission (CFTC). Per the official release from the CFTC, the JPM settlement became necessary as the firm and its subsidiaries including JPMorgan Chase Bank, N.A., and J.P.…