JPMorgan Profit Rises 76% on Cut in Bad-Loan Reserve
Posted by admin on July 16, 2010
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JPMorgan Profit Rises 76% on Cut in Bad-Loan Reserve
JPMorgan Chase & Co., the second- biggest U.S. bank by assets, said profit rose 76 percent, buoyed by a .3 billion reduction in provisions for soured mortgages and credit-card loans from last year.
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