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U.S. housing market has ‘turned the corner,’ JPMorgan’s Dimon says

Posted on 15 October 2012

JPMorgan Chase & Co. posted a record quarterly profit on Friday as falling interest rates and a recovering housing market brought big increases in mortgage lending.
The mortgage market, long a drag on bank results, is starting to lift lenders’ earnings again, and JPMorgan Chief Executive Jamie Dimon said he was hopeful about the outlook for U.S. residential real estate………………………………………..Full Article: Source


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