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Earnings roundup: JPMorgan Chase, Marriott

 

Saturday, Jul 18,2009, 11:54:25 AM   Click:

Among the earnings stories for Thursday, July 16, from AP Financial News:

CHARLOTTE, N.C. (AP) _ JPMorgan Chase & Co. posted a 36 percent jump in second-quarter profit, easily surpassing analysts' expectations, as strength in investment banking offset higher credit losses.

NEW YORK (AP) _ As businesses continued to scale back on travel in the recession, Marriott International Inc.'s second-quarter profit fell 76 percent.

NEW YORK (AP) _ Shares of Polycom Inc. jumped after the maker of communications and video conferencing equipment posted better-than-expected results for the second quarter.

MILWAUKEE (AP) _ Private mortgage insurance provider MGIC Investment Corp.'s loss for the second quarter widened, the company said, as delinquencies increased due to increased unemployment, lower home prices and the ongoing recession.


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