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Editorial Results (free)

1. JPMorgan $13 Billion Deal May Not End Bank's Legal Woes -

WASHINGTON (AP) – The $13 billion settlement that JPMorgan Chase agreed to Tuesday is the largest ever between the Justice Department and a corporation. Yet it isn't likely the end of the bank's legal troubles over the risky mortgage securities it sold before the financial crisis.

2. Car Company's Tunica Plans Haven't Come to Fruition -

TUNICA, Miss. (AP) – It seemed like a win for everyone involved when a startup car company, backed by political heavyweights, wooed investors with plans to build a massive auto plant in the Mississippi Delta, hire thousands of people and pump out a brand new line of fuel-efficient vehicles.

3. Banks' Earnings Pop Masks Deeper Concerns -

NEW YORK (AP) – Major U.S. banks have turned in big profit gains this season, but the news isn't all good.

Much of the earnings increase is coming from cutting costs, rather than growing their core lending businesses. A boom in mortgage refinancing looks like it's about to peter out. And regulators are considering stricter new rules that would force the banks to shore up their cash.

4. JPMorgan's Profit Surges on Investment Banking -

NEW YORK (AP) – A surge in investment banking pushed up JPMorgan's second-quarter profit even as results at its consumer business sagged.

JPMorgan earned a bonanza in fees from underwriting stock and bond offerings in the first three months of the year as financial markets thrived. The gain offset a slight decline at the bank's consumer business, which struggled with lower mortgage fees.