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Latest news on U.S. Bancorp

JPMorgan records 11% fall in fourth quarter earnings

JPMorgan Chase & Co., the second largest bank in the US, has reported an 11% drop in earnings for the fourth quarter. The bank said that the disappointing figures for the period October to December 2004 were down to costs associated with its merger with Bank One and falling investment bank results.
20 Jan 2005, 09:27 GMT