JPMorgan Profit Falls But Beats Forecasts

July 16, 2008

JPMorgan Chase & Co. said on Thursday that second-quarter profit fell more than 50%, hurt by $1.1 billion in write-downs at its investment bank, but the results beat expectations and its shares rose nearly 5%.

*For more on this story,

read the full Reuters article.

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JPMorgan Profit Falls But Beats Forecasts

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