JP Morgan is down, but it will survive
The bank reports a rare quarterly loss after taking a massive charge.
"In a rare move, Fidelity Investments and JP Morgan Chase said last week they had purged their money market funds of all U.S. bills coming due soon after the default deadline."--By BERNARD CONDON, NEW YORK (AP), "As US default nears, investors shrug off threat"
Someone definitely knows something about what is going to happen.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The solid report comes a month after the retailer closed all of its Canadian operations.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.