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No matter shares Simon and Garfunkel how difficult simon and garfunkle details theenvironment may get, we at JPMorgan Chase remain fully committed to deliveringfor our clients, supporting our franchise, and doing all we can to help restorebroad-based economic growth and prosperity.” In the discussion below of the business segments and of JPMorgan Chase as afirm, information is presented on a managed basis. Managed basis starts withGAAP results and includes the following adjustments: for Card Services and thefirm as a whole, the impact of credit card securitizations is excluded, and foreach line of business and the firm as a whole, net revenue is shown on atax-equivalent basis. For more information about managed basis, as well as othernon-GAAP financial measures used by management to evaluate the performance ofeach line of business, see Notes 1 and 2 (page 13).Commencing this quarter: (1) RFS has been resegmented into two reportingsegments; and (2) prime mortgage balances originated in RFS but previouslyreported in Corporate/Private Equity are now being reported in RFS. In addition,end-of-period third quarter balance sheet amounts related to assets acquired andliabilities assumed from Washington Mutual Bank have been reclassified into theappropriate business segment for the 2008 third quarter. For furtherinformation, see the JPMorgan Chase’s Earnings Release Financial Supplementfiled by the Firm today.The following discussion compares the fourth quarter of 2008 with the fourthquarter of 2007 unless otherwise noted.INVESTMENT BANK (IB) Results for IB 3Q08 4Q07($ millions) 4Q083Q084Q07$ O/(U) O/(U) %$ O/(U) O/(U) % Net Revenue($302)$4,035$3,172($4,337)NM ($3,474)NMProvision for Credit Losses765 234 200 531 227565 283 Noninterest Expense2,741 3,816 3,011 (1,075) (28%)(270) (9%)Net Income/(Loss)($2,364)$882$124($3,246)NM ($2,488)NM Discussion of Results:Net loss was $2.4 billion, a decrease of $2.5 billion from the prior year. Theweaker results reflected a decrease in net revenue and a higher provision forcredit losses, partially offset by lower noninterest expense.

Net revenue was negative $302 million, a decrease of $3.5 billion from the prioryear i am a rock simon and garfunkel . Investment banking fees were $1 Simon and Garfunkel tickets – simonandgarfunkel .4 billion, down 17% from the prior year Simon and Garfunkel tickets .Advisory fees were $579 million, down 10% from the prior year, reflectingdecreased levels of activity, partially offset by improved market share garfunkel . Debtunderwriting fees were $464 million, down 1% from the prior year simon and garfunkel ’song for the asking . Equityunderwriting fees were $330 million, down 39% from the prior year simon and garfunkel ’song .

Fixed IncomeMarkets revenue was negative $1.7 billion, compared with $615 million in theprior year cecilia simon and garfunkel . The decrease was driven by $1.8 billion of net markdowns onleveraged lending funded and unfunded commitments; $1.1 billion of net markdownson mortgage-related exposures; weak trading results in credit-related products;and losses of $367 million from the tightening of the firm`s credit spread oncertain structured liabilities simon and gartfunkel . These results were largely offset by recordperformance in rates and currencies and strong performance in commodities andemerging markets simon and carfunkel . Equity Markets revenue was negative $94 million, down by $672million from the prior year, reflecting weak trading results and losses of $354million from the tightening of the firm`s credit spread on certain structuredliabilities, partially offset by strong client revenue across products,including prime services simon and garfankel . Credit Portfolio revenue was $90 million, down $232million from the prior year. The provision for credit losses was $765 million, compared with $200 million inthe prior year, predominantly reflecting a higher allowance driven by aweakening credit environment.

Net charge-offs were $87 million, compared withnet recoveries of $9 million in the prior year simon and garfunkel robinson . The allowance for loan losses toaverage loans retained was 4.71% for the current quarter, an increase from 1.93%in the prior year simon and garfunkal . Average loans retained were $73.1 billion, an increase of $4.2 billion, or 6%,from the prior year simon . Average fair-value and held-for-sale loans were $16.4billion, down $8.6 billion, or 34%, from the prior year simon & garfunkel tour .

Noninterest expense was $2.7 billion, down 9% from the prior year, reflectinglower performance-based compensation expense, largely offset by additionalexpenses relating to the Bear Stearns merger . Key Metrics and Business Updates: (All comparisons to the prior-year quarter except as noted)* Ranked #1 in Global Debt, Equity and Equity-related; #1 in Global Equity andEquity-related; #2 in Global Long-Term Debt; #1 in Global Syndicated Loans; and#2 in Global Announced M&A, based on volume, for the year ended December 31,2008, according to Thomson Reuters simon and gurfunkel Simon and Garfunkel concert tickets – wikipedia . * Ranked #1 in Global Investment Banking Fees for the year ended December 31,2008, according to Dealogic simon & garfunkel Simon and Garfunkel – simonandgarfunkel . * Return on Equity was negative 28% on $33.0 billion of average allocatedcapital Simon and Garfunkel .RETAIL FINANCIAL SERVICES (RFS) Results for RFS3Q084Q07 ($ millions) 4Q083Q084Q07$ O/(U)O/(U) %$ O/(U)O/(U) % Net Revenue$8,684$4,963$4,796$3,721 75%$3,888 81% Provision for Credit Losses3,576 2,056 1,063 1,52074 2,513236 Noninterest Expense4,046 2,779 2,541 1,26746 1,50559Net Income $624$64 $731$560 NM $(107) (15%)Discussion of Results:Net income was $624 million, a decrease of $107 million, or 15%, from the prioryear, as a significant increase in the provision for credit losses waspredominately offset by positive MSR risk management results and the positiveimpact of the Washington Mutual transaction . Net revenue was $8.7 billion, an increase of $3 Simon and Garfunkel concert tickets .9 billion, or 81%, from theprior year. Net interest income was $4.7 billion, up $2.0 billion, or 75%,benefiting from the Washington Mutual transaction, wider deposit and loanspreads, and higher loan and deposit balances.

The Acme Markets kiosks are at 7010Germantown Ave., Philadelphia; and 121 East City Ave., Bala Cynwyd.”Acme is proud to be offering this service in two of our Philadelphia-areastores,” said Judy Spires, president of Acme Markets. The timing of the announcement was not yet clear.Liddy said the firm was legally obligated to make already-committed 2008 employee-retention payments, the value of which were set early last year before problems at the Financial Products unit became public.”Some of these payments are coming due on March 15, and, quite frankly, AIG’s hands are tied,” Liddy said in the letter obtained by Reuters. A 2-14 team needs all the help it can get.  Or they could possibly look to add Ray Lewis, as a teacher for the younger defensive players and to add some leadership on the team.The one thing I do not see the Rams doing is bringing old or expensive wide receivers.  They really do not have the team right now to offer those players a place worth having and realistically this rebuild is a two year deal.One question I would have if I was the Rams is to evaluate theperformance of Mark Bulger.  Is he going to return to his form of a few years ago as a pro bowler or would this be a good time to bring in a young stud via the draft to back him up? It has been and will continue to be a fascinating off season for the Rams. SIS is the founder of the MicrosoftDynamics SL Users Group, and serves on Microsoft’s Partner and ProductAdvisory Boards. including debt, equity or venture finance.Reasons to buy:* Research your competitors’ business structure, strategy and prospects. In addition to these sawmills, the company also owns fiveremanufacturing plants where lumber is processed into value-added products, suchas ceiling and chair rail moldings, edge-glued panels and laminated products.Through organic growth and acquisitions, Arauco has built a large presence inpanels in the past decade.