JP Morgan Chase: Profiting in a Downturn

Thursday, July 16, 2009

This morning, JP Morgan Chase posted a quarterly profit of $2.7 billion. That's a 36 percent jump from a year ago. It comes just two days after Goldman Sachs announced a quarterly profit of over $3 billion. As the two banks weather a harsh economic climate, they have managed to pay back the huge government loans they took last year and proceed to earn record profits. Joining us to discuss Chase's earnings is Eric Dash, banking reporter for The New York Times.

Guests:

Eric Dash

Hosted by:

Farai Chideya

Contributors:

Stephanie Hughes and Sitara Nieves

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