Whale Aside, JPMorgan Makes Big Money off Mortgages; RBS Collects on...

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JPMorgan Earnings: JPMorgan Chase bested analyst expectations by reporting a 34% rise in earnings and net income of $5.7 billion for its third quarter. The boost in profit is related largely to a spike in mortgage loan originations that counterbalanced an additional $449 million in derivative losses courtesy of the London Whale and caused CEO Jamie Dimon to declare "we believe the housing market has turned the corner." Now if the...