This morning, JP Morgan (JPM) reported fourth quarter earnings of $5.28 billion, or $1.30 per share, sending the stock higher in early trading. Excluding one-time items, the company would have earned $1.40 per share, topping Wall Street estimates. JP Morgan detailed a number of one-time charges that impacted earnings, including gains on the sale of One Chase Manhattan Plaza, the sale of Visa (V) stock and legal expenses related to Madoff settlement. In early trading, shares of JP Morgan were higher by 0.7% so far.
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