from a cash generating machine to one where it is a more mature firm in which the focus going forward will be on the bottom line and its ability to generate profit. and that is why you are seeing so much of a focus on this on wall street. in part there was the focus, discipline on cost, not spending too much money, they laid off some staff are a couple of years ago and that seems to be paying off but crucially they have seen more riders taking over and or drivers and that is the big thing we were talking about a couple of years ago more drivers. there will longer waits in higher prices because they were not enough drivers but now the problem seems to have been solved and they say ridership has increased to levels even greater than before the pandemic. so a success story and you ll be interested to see how the rival does when it reports its next set of
bank and client funds. in april 2011, the bank paid a $56 million settlement for overcharging active-duty service members on mortgages. in june of that year, they paid $153.6 million in penalties for misleading investors. in july, they ponied up $228 million in a settlement on charges that they rigged municipal bonds transactions. and last month, it was reported the bank was in negotiations with the justice department over a $13 billion settlement for wrongdoing before and during the housing crisis. it has been a rough couple of years for the bank, to say the least. but not everyone has been piling on. the stock s touching a ten-year high. it s a cash-generating machine. sure, they ve had their regulatory issues, was he s looking to settle them expeditiously at this point, which is everything you want out of a ceo. reporter: in fact, jpmorgan
possible. reporter: in june 2010, jpmorgan paid a $48.6 million fine for combing bank and client funds. in april 2011, the bank paid a $56 million settlement for overcharging active-duty service members on mortgages. in june of that year, they paid $153.6 million in penalties for misleading investors. in july, they ponied up $228 million in a settlement on charges that they rigged municipal bonds transactions. and last month, it was reported the bank was in negotiations with the justice department over a $13 billion settlement for wrongdoing before and during the housing crisis. it has been a rough couple of years for the bank, to say the least. but not everyone has been piling on. the stock s touching a ten-year high. it s a cash-generating machine. sure, they ve had their regulatory issues, was he s looking to settle them
jpmorgan paid a $48.6 million fine for combing bank and client funds. in april 2011, the bank paid a $56 million settlement for overcharging active-duty service members on mortgages. in june of that year, they paid $153.6 million in penalties for misleading investors. in july, they ponied up $228 million in a settlement on charges that they rigged municipal bonds transactions. and last month, it was reported the bank was in negotiations with the justice department over a $13 billion settlement for wrongdoing before and during the housing crisis. it has been a rough couple of years for the bank, to say the least. but not everyone has been piling on. the stock s touching a ten-year high. it s a cash-generating machine. sure, they ve had their regulatory issues, was he s looking to settle them expeditiously at this point, which is everything you want out
foreclosures to yesterday s news. jpmorgan in the process of making a huge settlement with the federal government. but criminal charges are still possible. at the same time jpp morgan ultimately going up. the compensation of the chief executive jamie dimon totaling more than $61 million from 2010 through 2012 alone. and the accolades are more affordable. it s a cash generating machine, sure they have had their regulatory issues, but he s looking to settle them. jpmorgan posted a loss because of all the legal expenses, but under jamie dimon, that didn t come from the hand of the market.