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.
An accounting rule allowing JPMorgan (NYSE:JPM) to transform bad loans it bought from WaMu into...
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Symbol | Last Price | % Chg |
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JPM | - | - |
JPMorgan Chase & Co. |