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Monday, November 29, 2010

JPMorgan Chase to Buy Back $1 Billion in Long-Term Securities

JPMorgan Chase (JPM) said it would buy back $1 billion of its long-term securities in a move that shows the bank using extra cash to deleverage and refinance in a low-interest rate environment, TheStreet.com reported.

JPMorgan shares are up 1.07%, or $0.40, to $37.90.

THE STOCK MARKET FOR BEGINNERS

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