澳洲新闻 (ABC新闻快递) 2010-01-16（在线收听）

America’s second biggest bank’s recorded a huge jump in revenue. JPMorgan’s recorded the fourth quarter of profits of 3.5 billion Australian dollars. The bank’s capital in the first nine months of this year was also 70% higher than the year before. But the revenue came in below analysts expectations. And as a result, JPMorgan’s stock shed more than 2% while the Bank of America and Wells Fargo also lost ground.

 Wall Street slipped back on those big bank losses. The Dow lost around 1%. 

European shares also fell as a result. London’s FTSE dropped 43 points. 

The local market recovered from a day of losses on Friday, but the ASX 200 and the All Ords finished the week steady after a profit upgrade from the Commonwealth Bank lifted all four of the major banks. It’s up to 2.9 billion dollars. The bank says a decline in bad loan expenses and improving share markets both helped. The forecast is much higher than analysts had predicted. 

And on the currencies market, the Australian dollar’s buying 92.3 US cents, 56.8 British pence and 83.7 Japanese yen. 

And that’s your ABC Business News up-to-date.