Schut Interview Excerpt

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July 15 (Bloomberg) -- Anton Schutz, president of Mendon Capital Advisors Corp., discusses JPMorgan Chase & Co.’s announcement that it bought back $500 million in shares through yesterday. JPMorgan, the second-biggest U.S. bank by assets, said second-quarter profit rose 76 percent, more than analysts estimated, as a reduction in provisions for soured mortgages and credit-card loans buoyed results. Schutz speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.” (This is an excerpt of the full interview. Source: Bloomberg)

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