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Real Estate & Property Law

: Housing Wire

J.P. Morgan Profit Falls More than 75 Percent

By KELLY CURRAN

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JP Morgan Chase & Co. (JPM: 26.16 +0.96%) announced Thursday a 77.6 percent plunge in fourth-quarter profits, driven by a loss in investment banking largely attributed to continued markdowns and poor trading results, according to a statement by the company. Nonetheless, JP Morgan still managed to post a $702 million, or 7 cents per share, fourth-quarter [...]

Full post as published by Housing Wire on January 15, 2009 (boomark / email).

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