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JPMorgan Chase earns $4.4 billion in 3Q, mortgage revenue shrinks 

Oct 13, 2010By

JPMorgan Chase [stock JPM][/stock] reported $4.4 billion in net income in the third quarter of 2010, or $1.01 per share, but expects mortgage delinquencies and losses to remain at high levels over the next several quarters. Net income for the bank increased 23% from the $3.6 billion earned in the third quarter of 2009, but was down 6.7% from $4.7 billion in the previous quarter.

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