July 14, 2011
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A Tiny Bit of Good News
http://dealbook.nytimes.com/2011/07/14/jpmorgan-chase-quarterly-profit-rises-13/
Thank goodness there is some good news at the start of the Q2 earnings season from a bank no less. JPMorgan Chase is more diversified than say a Goldman Sachs or Morgan Stanley (pure investment banks), but more investment oriented than Bank of America or Wells Fargo. So it will be interesting to see the rest of the group report (hopefully, not a parade of horribles). But nevertheless, some respite from the woes in Europe and the U.S. (e.g., jobs, financial, debt limits, etc.).
