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DealBook: JPMorgan Quarterly Profit Rises 34%

Finally moving beyond a trading debacle that has stained his once-stellar reputation, Jamie Dimon, JPMorgan Chase’s chief executive, on Friday trumpeted a strong quarter of earnings stemming from a surge in mortgage lending.

Senh: Further proof that the housing market is starting to rebound.

 

JPMorgan says bad trade has ballooned to $5.8B

JP Morgan Chase

JPMorgan Chase said Friday that a bad trade had cost the bank $5.8 billion this year, almost triple its original estimate, and raised the prospect that traders had improperly tried to conceal the blunder.

 

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