Bloomberg TV Report on JPMorgan Earnings

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Jan. 14 (Bloomberg) -- JPMorgan Chase & Co., the second-biggest U.S. bank by assets, said profit rose 47 percent, higher than analysts estimated, as provisions for soured mortgages and credit-card loans declined. Fourth-quarter net income climbed to $4.83 billion, or $1.12 a share, from $3.28 billion, or 74 cents, in the same period a year earlier and from $4.42 billion, or $1.01 a share in the third quarter, the New York-based company said today in a statement. Bloomberg's Jon Erlichman reports. (Source: Bloomberg)


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