Why Stocks Have Rebounded This Afternoon: Hewlett-Packard Company (HPQ), JPMorgan Chase & Co. (JPM)

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To add insult to injury, a Senate subcommittee on Friday grilled present and former JPMorgan executives over the practices that led to the aforementioned $6 billion trading loss last year. By all appearances, the forum was designed to encourage regulators to aggressively clamp down on risky trading activities by banks holding insured deposits via the Volcker Rule, a provision of the 2010 Dodd-Frank Act. If regulators take heed, the impact on institutions like JPMorgan Chase & Co. (NYSE:JPM) that look to trading for a significant portion of revenue could be severe.

The article Why Stocks Have Rebounded This Afternoon originally appeared on Fool.com and is written by John Maxfield.

John Maxfield has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase & Co (NYSE:JPM).

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