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JPMorgan Chase posts sharp profit drop

Source: Sydney Morning Herald

New York City : NY : USA | about 1 year ago

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rgan reported net profit of $US527 million ($A754 million) in the July-August period, down from $US3.4 billion ($A4.9 billion) a year ago, as the Wall Street bank wrote down some $US3.6 billion ($A5.2 billion) dollars in soured mortgage-related assets.

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