Excerpt from: Individual Equities CFDs and Spread Bets
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| April 16, 2009 | | Spread bets and CFDs on individual equities | Spread betting and contracts for differences on JPMorgan Chase should consider that the company has posted better than expected profits for Quarter 1 of 2009. Indeed, JPMorgan follows Wells Fargo in reporting profits that exceeded expectations.
JPMorgan's representative also pointed out that they expect a reasonably good year. Even though profits are down from the same time period last year, they are better than expected -- considering the circumstances. The news came as a pleasant surprise for Wall Street, since JPMorgan's holdings include failed investment bank Bear Stearns.
There is hope that profits reported by the banking sector will result in increased investor confidence going forward, helping bring the economy out of its slump.
| Topic Tags: CFDs, contracts for differences, individual equities, JPMorgan Chase, spread bets, spread betting, spread betting JPMorgan, Wall Street, Wells Fargo | |
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