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JPMorgan Earnings Call, Second Quarter 2008
Author: Rozalina Destanova
123jump.com
Last Update: 12:24 AM ET July 19 2008

Revenue slipped to $18.40 billion from $18.91 billion previous year. Commercial banking net income grew to $355 million, up from less than $300 million a year earlier. Investment Bank net income was $394 million, a decrease from net income of $1.2 billion in the prior year. Retail Financial Services net income was $606 million, a decrease of $179 million, as increase in the provision for credit losses in Regional Banking was offset largely by revenue growth in all businesses.

 

 

 
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