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An accounting rule allowing JPMorgan (NYSE:JPM) to transform bad loans it bought from WaMu into...

May 27, 2009 8:10 AM ETJPMorgan Chase & Co. (JPM) StockBAC, JPM, WFC, PNCBy: Rachael Granby, SA News Editor9 Comments
An accounting rule allowing JPMorgan (NYSE:JPM) to transform bad loans it bought from WaMu into income is about to net the bank $29B. Wells Fargo (NYSE:WFC), BoA (NYSE:BAC) and PNC Financial (NYSE:PNC) are poised to benefit from the same rule.

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