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JPMorgan Casts Cloud Over Bank Earnings

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JPMorgan Casts Cloud Over Bank Earnings
AIRED:
Easy money is getting harder to come by for two of some of America's largest bank. The mortgage business that stuffed bank coffers during the early days of the housing recovery is now sliding and taking the fortunes of banks along with it. Quarterly results out of JPMorgan Chase and Wells Fargo show the pressure is even worse than expected, says Fred Cannon, global head of research and chief equity strategist at Keefe, Bruyette & Woods.moreless
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