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Reuters: JPMorgan profit slumps on writedowns

Started by chris, January 15, 2009, 01:59:16 PM

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chris

JPMorgan profit slumps on writedowns
      


NEW YORK (Reuters) - JPMorgan Chase &amp; Co's fourth-quarter profit fell 76 percent as it wrote down bad loans and set aside more money to cover credit losses at its investment bank.<div class="feedflare">
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