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October 15, 2008 · 5:13AM

J.P. Morgan Reduces Outlook, Profit Falls 84%

J.P. Morgan Chase reduced its earnings outlook Wednesday, citing continued uncertainity in the capital markets, housing sector and economy.  The New York-based bank said it earned $527 million in the third-quarter, an 84% decline from 2007, amid $6.7 billion in credit losses. (NYT)

Categories: Business & Finance Today · Financial Services

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