Posts Tagged “Jpmorgan Chase”

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Inthemoneystocks.com (blog)

Banks Stuck With Bill for Bad LoansNew York TimesRichard Drew/Associated Press The big banks Citigroup, Wells Fargo, Bank of America and JPMorgan Chase have taken losses of $9.8 billion on mortgage loans. …Goldman Sachs Cuts Big Bank Targets & Estimates (GS, BAC, C, JPM, MS, PNC, USB … 24/7 Wall St. (blog)all 29 news articles »

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webmaster@technorati.com wrote an interesting post today on
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Bank of America Corp., JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. might face demands to repurchase as much as $180 billion of troubled mortgages from Fannie Mae and Freddie Mac, Fitch Ratings said.

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JPMorgan Chase & Co posted higher second-quarter earnings on Thursday, beating analysts’ expectations, after setting aside less money for loan losses.

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News Sources wrote an interesting post today on
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JPMorgan Chase & Co., the second- biggest U.S. bank by assets, said profit rose 76 percent, more than analysts estimated, as a reduction in provisions for soured mortgages and credit-card loans buoyed results.

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webmaster@technorati.com wrote an interesting post today on
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NEW YORK - JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans helped offset a difficult spring in trading and investment banking.

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