1.0 link 158076 <![CDATA[JP Morgan Profit Down 76%]]> http://www.huffingtonpost.com/2009/01/15/jp-morgan-profit-down-76_n_158076.html NEW YORK &mdash; JPMorgan Chase eked out a fourth-quarter profit, but its results were anything but calming to investors worried about the mountain of upcoming losses in the troubled banking sector.

Defaults surged in a wide variety of loans, ranging from home loans to credit cards to commercial real estate loans. JPMorgan's investment bank was forced to mark down its portfolio by $2.9 billion. And had it not been for JPMorgan's buy of Washington Mutual Inc. late last year, the bank...

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