JP Morgan Chase Fined By Commodity Futures Trading Commission

JP Morgan Chase (NYSE:JPM) was fined $20 million due to overcharges by the Commodity Futures Trading Commission fined due to illegally handling Lehman Brothers customer segregated funds.The trading commission is also ordering the bank to create changes to make sure they handle set apart customer funds in the future and to release customer funds upon instructions from the agency.JPMorgan Chase (NYSE:JPM) has potential upside of 11.7% based on a current price of $44.65 and an average consensus analyst price target of $49.89.JPMorgan Chase is currently above its 50-day moving average (MA) of $40.68 and above its 200-day of $36.36.

FX_Trdr