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Good news for JPMorgan in Q2

<b>NEW YORK.</b><p>JPMorgan Chase &amp; Co. posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans, but its shares dropped as investors fretted about management’s sober assessment of the economy.</p>

NEW YORK. JPMorgan Chase & Co. posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans, but its shares dropped as investors fretted about management’s sober assessment of the economy. Much of the bank’s gains came from areas that cannot be a stable source of income in the future, such as reducing funds set aside to cover bad loans.

 
 
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