JPMorgan Chase Reports Strong Profit of $3.6 Billion

[babsbunny]

http://www.nytimes.com/2009/10/15/business/15bank.html?8au&emc=au

"A year after accepting a bailout from Washington, a resurgent JPMorgan Chase reported another round of surprisingly strong profits on Wednesday, strengthening its position at the pinnacle of American finance." WTF? Was Their Really a Wall Street Crisis or Were We Just Robbed? Considering the Credit Crunch and High Jobless Rate, This is Surreal.

By ERIC DASH
Published: October 14, 2009

A year after accepting a bailout from Washington, a resurgent JPMorgan Chase reported a second consecutive quarter of surprisingly strong profit on Wednesday, solidifying its position at the pinnacle of American finance.

JPMorgan’s results — $3.6 billion in profit for the third quarter — fanned hopes on Wall Street that the nation’s banking industry was entering a new period of prosperity, despite lingering troubles. The robust showing from JPMorgan, and tentative signs that consumer loan losses might soon peak, has set the pace for other big banks that will report results in coming days.

[DJ13]

1. Who says 35% interest on CC's doesnt pay?

[Skink]

2. More like the 35 dollar fee's.

for one day late.

[datasuspect]

3. happy days are here again!!!!

http://www.youtube.com/watch?v=iL0Qt7IF8Q4

[metapunditedgy]

4. If they posted "bullshit" over all JPM/Chase ads, would anyone even notice?

Consumer loan losses are peaking, yet JPM is making billions in profit per quarter, with public assistance.

Why are we consumers so pathetic?