JP Morgan profit jumps 23%

  • 9:57
  • Published On: October 13, 2010
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JP Morgan Chase CEO Jamie Dimon talks elaborately on the financial results of the lender. The bank registered a 23% jump in its profit as it was able to set aside less money to cover loan losses. He, however, did warn that loan losses are still high in both the mortgage and credit card portfolios.

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