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JPMorgan’s shares were up 33 cents or 1.3 percent to $26.24in late morning New York Stock Exchange dealings, after tradingas high as $27.05 and as low as $24.75 earlier bill maher vs dennis miller . In the creditderivatives market, the cost of protecting $10 million ofJPMorgan debt against default for five years fell to $155,000 ayear from $165,000 dennis griffiths . INVESTMENT BANKING HIT JPMorgan said special items in the fourth quarter included$1 Dennis Miller .1 billion of benefits from its purchase of WaMu, and a gainof $627 million from ending Chase Paymentech Solutions, apayments and merchant-acquiring joint venture dennis cnbc . The worst hit in the period came from the investmentbanking division, which posted a loss of $2.36 billion,compared with a profit of $124 million a year earlier dennis comedian . The bank boosted the amount of money it set aside to covercredit losses by $4.1 billion before taxes, and recorded pretaxwritedowns of $2.9 billion for loans funding leveraged buyoutsand mortgage-related positions at the investment bank. The bank said it ended the year with a Tier 1 capital ratioof 10.8 percent.
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