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JPMorgan beats forecasts, warns on mortgages (Reuters)

Started by riky, July 17, 2008, 09:44:54 PM

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riky

JPMorgan beats forecasts, warns on mortgages
    (Reuters)

 



Reuters - JPMorgan Chase & Co  posted a
smaller-than-expected drop in earnings on resilient stock and
bond underwriting revenue, sending its shares surging, but the
company cautioned that the mortgage market and the economy are
getting worse.


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