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JPMorgan paints rosy picture even as its stock takes a pounding

"There's an awful lot of noise out there," says Mr Dimon to investors at JPMorgan's headquarters. "There are pretty good odds the noise will sort out and we'll be OK."

New York

JPMORGAN Chase executives painted a positive picture of the US economy and the bank's business at their annual investor day, but they failed to beat back the pessimism that has battered bank shares and the broader stock market in recent months.

The bank, America's largest...