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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (183011)7/24/2002 1:46:32 PM
From: Gut Trader   of 436258
 
Market rots from the head down
However, even if JPM were to lose its case on the $1.1 billion of surety bonds, the losses would be covered by earnings, which should surpass $4 billion for the year. As to other allegations, there is no way to responsibly quantify what the impact, if any, might be. In any case, the $37 billion tangible equity base should provide considerable comfort against any such event risk. However, the negative outlook on the holding company's 'AA-' rating continues to indicate the possibility of a rating adjustment in response to a deteriorating business environment that affects all universal banks and brokers. Commercial loan quality should also remain a concern through year end, although the consumer sector is improving
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