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Summary: JPMorgan Chase & Co. Oct 08 Product Image

Summary: JPMorgan Chase & Co. Oct 08

  • Published: October 2008
  • Standard & Poors

FEATURED COMPANIES

Abstract
JPMorgan Chase & Co. (JPM) is one of the systemically important banks in the U.S. It enjoys a broadly diversified franchise with leading positions in investment banking, derivatives, syndicated lending, credit cards, mortgages, and funds transfer. The franchise is anchored in a strong branch banking presence that yields significant market share of deposits, so that there is a balance among consumer, commercial, and investment banking businesses. JPM has fared somewhat better than peers in the current period of market dislocation, reporting positive earnings in each quarter. Even third-quarter 2008, which saw $6 billion of mark-to-market losses and a $2 billion loan-loss allowance adjustment for the Washington Mutual transaction, resulted in positive income. JPM was not a major player in collateralized...

Companies mentioned in this report are:
- JPMorgan Chase & Co.

Action: Review

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- JPMorgan Chase & Co.

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