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JPMorgan posts higher-than-expected profit (Reuters)

Started by riky, July 17, 2008, 02:42:21 PM

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riky

JPMorgan posts higher-than-expected profit
    (Reuters)

 


Reuters - JPMorgan Chase & Co  said on
Thursday that second-quarter profit fell more than 50 percent,
hurt by $1.1 billion in write-downs at its investment bank, but
the results beat expectations and its shares rose nearly 4
percent.


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