7/20/2009

JPMorgan Chase, Citigroup and Bank of America posted a combined $10.2 billion in second-quarter profit, mostly from asset sales and investment banking, as consumer loans continued to tally up losses. Meanwhile, Goldman Sachs reported $3.44 billion in earnings. "Capital-markets businesses are going very well right now, and Goldman Sachs is the best of the best," said Paul Miller, an analyst at FBR Capital Markets. "But the consumer is still struggling out there, and anybody with a lot of consumer exposure is struggling along with it."

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