JPM Loses Their Shirt On Mortgages

Tuesday, August 12th, 2008

JP Morgan and Company (NYSE:JPM) probably regret getting involved in the mortgage market, as their mortgage assets continue to shrivel. In the last three months alone the company's mortgage assets have dwindled by up to $1.5 billion. JPMorgan said trading conditions have "substantially deteriorated" in the third quarter, ...

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Stocks Up As Home Sales Look Good

Friday, August 24th, 2007

Home sales in July were perkier than expected and the news elevated the hopes of investors. Sentiment has bleak on Wall Street for weeks now, but the idea that maybe things are getting better was enough to excite some investors.

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