JPMorgan Chase is at the center of many lawsuits, and the bank's sky-high legal costs led to a loss of $400-million during the third quarter.
The bank's legal tab for the quarter was seven-point-two billion after taxes.
JPMorgan Chase's CEO said the bank's results were "marred" by the legal expenses.
And he warned that litigation costs could continue to be a drag on earnings for several quarters.
Excluding its legal tab, the company reported a quarterly profit today that easily beat Wall Street's forecasts.
The bank is currently in negotiations with the Justice Department on a potential settlement for its sale of mortgage-backed securities ahead of the financial crisis.
Despite the legal concerns, the bank's stock is up nearly 20-percent in 2013.
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