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JPMorgan Chase & Co. shares fell Thursday after the bank missed profit targets and temporarily suspended its stock buybacks to build up its balance sheet for an expected economic downturn, even as much of its business remains healthy.
JPMorgan Chase JPM CEO Jamie Dimon said the bank performed well in the second quarter, but profits were down from the much stronger year-ago quarter when the stock market remained in rally mode and deals flowed quickly.
“The…
