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Reuters: JPMorgan Chase profit falls

Started by chris, April 16, 2008, 02:09:05 PM

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chris

JPMorgan Chase profit falls
      


NEW YORK (Reuters) - JPMorgan Chase & Co , the third-largest U.S. bank, said on Wednesday quarterly profit fell 50 percent, hurt by writedowns for leveraged loans and mortgages and because it set aside more money for loan losses.
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