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Posted on July 16, 2009 | tags

 
 

Biz: JP Morgan follows the Goldman Sachs route to post-bailout profits

  • $2.7 billion JP Morgan’s profit this quarter, up 36% from a year ago and 27% from the last quarter; as you might guess, investors are giving each other high-fives right now
  • $2.2 billion The company’s fees from underwriting and investment banking advisory – the company’s CFO sez it’s a “record for any investment bank in any quarter.” source
 
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