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Industry | 2009.07.19

Strong bank results mask wider weakness

JPMorgan Chase & Co. posted a 36 percent jump in second-quarter profit, surpassing Wall Street expectations as strength in its consumer and investment banking businesses offset a jump in credit losses. The long national banking nightmare may be over – for a select few banks. But much of  the industry remains mired in a pile of bad debts and rising defaults. By John W. Schoen.


 

For more information, please visit
http://www.msnbc.msn.com/id/31947339/ns/business-personal_finance/

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