4 Financial Stock Stories to Follow on Tuesday
JPMorgan Chase & Co. (NYSE:JPM): Current price $47.42
Intensified competition for new loans is driving interest rates to near all-time lows, while the record mortgage profits that fueled earnings at Wells Fargo and JPMorgan Chase are fading away in response. That amount could be down as much as 40 percent from last quarter, Compass Point Research and Trading estimates, as banks absorb most of the costs of falling bond prices, according to Bloomberg.
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