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JP Morgan Profit Up 34 Percent With Mortgage Surge

Friday, October 12, 2012 - 8:39 AM
Bernanke's QE3, helping those that really need it...

"JPMorgan’s fixed income trading revenue rose, helped by the Federal Reserve program to buy mortgage debt for as long as unemployment remains high. That trading strength could bode well for investment banks including Goldman Sachs Group Inc and Morgan Stanley, which are due to report results over the next week."
ShorebreakShorebreak2,696 posts since
Apr 6, 2010
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