Report: $11B now the amount in JPMorgan national settlement

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

The JPMorgan (JPM +2.4%) national settlement deal could be as high as $11B, reports the AP. The bank's lowball offer had been $3B, and a report earlier today suggested the bank may have to pay up to $7B.

The stock price actually ticked up a bit as the news hit the wires - that amount is far less than the $20B bandied about earlier in the week.