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JPMorgan Chase Beats Street; Mortgages Still a Problem 

Apr 16, 2009By

Throughout the credit crisis, one bank has avoided reporting even one quarterly loss. On Thursday, JP Morgan Chase & Co. [stock JPM][/stock] kept its perfect streak intact, reporting $2.14bn, or $.40/share, in net earnings for the first quarter. The total was off 10% from one year earlier, but better than most analysts had expected.

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