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Bank stocks lead a broad decline on Wall Street

FILE- In this Monday, June 25, 2012, file photo, Specialist Gregg Maloney works on the floor of the New York Stock Exchange. Stock futures slid Thursday, June 28, 2012, on U.S. economic reports that showed only modest growth in the economy for the first three months of the year and a very slow recovery in the job market. (AP Photo/Richard Drew)Bank stocks led a sharp decline in early trading on Wall Street Thursday. JPMorgan Chase dropped after The New York Times reported that its trading loss could be $9 billion, much larger than the bank has acknowledged.



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