#1JPMORGAN CHASE & Co. 2Q23 Financial Results July 14, 2023#22Q23 Financial highlights ROTCE¹ 25% Income statement Balance sheet Capital distributed CET1 capital ratios² Std. 13.8% | Adv. 13.9% Total Loss-Absorbing Capacity² $494B 2Q23 net income of $14.5B and EPS of $4.75 Excluding significant items 5, 2Q23 net income of $13.3B, EPS of $4.37 and ROTCE of 23% • Managed revenue of $42.4B6 Expense of $20.8B and managed overhead ratio of 49% 6 Loans: average loans of $1.2T up 13% YoY and 10% QOQ Ex. FR7, average loans of $1.1T up 4% YoY and 1% QOQ • Deposits: average deposits of $2.4T down 6% YoY and up 3% QoQ Ex. FR, average deposits of $2.3T down 8% YoY and up 1% QOQ CET1 capital of $236B² Standardized CET1 capital ratio of 13.8% 2; Advanced CET1 capital ratio of 13.9% ² - • Common dividend of $2.9B or $1.00 per share $1.8B of common stock net repurchases8 Net payout LTM of 32% 9 SIGNIFICANT ITEMS ($MM, EXCLUDING EPS) 10 First Republic bargain purchase gain in Corporate ¹0 Net credit reserve build for First Republic Net investment securities losses in Corporate JPMORGAN CHASE & CO. Std. RWA3 $1.7T Cash and marketable securities4 $1.4T Average loans $1.2T 1 See note 4 on slide 11 2 Represents the estimated Basel III common equity Tier 1 ("CET1") capital and ratio and Total Loss- Absorbing Capacity for the current period. See note 1 on slide 12 3 Standardized risk-weighted assets ("RWA"). Estimated for the current period. See note 1 on slide 12 4 Cash and marketable securities represents HQLA and unencumbered marketable securities. Estimated for the current period. See note 2 on slide 12 5 See note 3 on slide 11. 6 See note 1 on slide 11. Pretax $2,712 ($1,162) ($900) Net income $2,712 ($883) ($684) 7 All references in this presentation to "ex. FR" or "FR impact" refer to excluding or including, as applicable, the relevant effects of JPMorgan Chase's acquisition of certain assets and assumption of certain liabilities of First Republic Bank from the Federal Deposit Insurance Corporation on May 1, 2023 8 Includes the net impact of employee issuances Last twelve months ("LTM"). Net of stock issued to employees 10 The estimated bargain purchase gain reflects the estimated income taxes and therefore has the same impact pre- and post tax EPS $0.91 ($0.30) ($0.23) 1#3First Republic integration update CONTINUED PROGRESS ON MIGRATION FDIC and transaction settlement: The settlement process with the FDIC is on schedule Branches: 21 branches left behind with the FDIC; the remaining 63 are being actively evaluated for conversion to Chase, JPM Wealth Management or consolidation Systems integration: Developing the full migration plan for moving onto JPMC systems and products, targeting to be substantially complete in mid-2024 EMPLOYEE ENGAGEMENT Onboarded -5,100 former FRC employees on July 2, 2023; 85% were invited to join the firm and 91% accepted • Focused on getting the sales force back in the market to win back customers CLIENT RETENTION Strong client retention, with $6B net deposit inflows since acquisition ● Flows indicate that customers trust our balance sheet and the strength and confidence it provides Opportunity to outperform original expectations and accelerate our affluent strategy JPMORGAN CHASE & CO. 2#42Q23 Financial results 1 $B, EXCEPT PER SHARE DATA Net interest income Noninterest revenue Managed revenue¹ Expense Credit costs $B Net charge-offs Reserve build/(release) Credit costs Net income Net income applicable to common stockholders EPS - diluted ROE² ROTCE², Overhead ratio - managed ¹,2 Memo: NII excluding Markets 4 NIR excluding Markets 4 Markets revenue Managed revenue ¹ Adjusted expense 5 Adjusted overhead ratio 1,2,5 Note: Totals may not sum due to rounding 1 See note 1 on slide 11 2 Actual numbers for all periods, not over/(under) 3 See note 4 on slide 11 2Q23 $1.4 1.5 4 See note 2 on slide 11 5 See note 5 on slide 11 6 Reflects fully taxable-equivalent ("FTE") adjustments of $1.1B in 2Q23 JPMORGAN CHASE & CO. $2.9 Reported $21.9 20.5 42.4 20.8 2.9 $14.5 $14.0 $4.75 2Q23 CCB CIB CB AWM 1Q23 2Q22 $1.1 $0.7 1.1 0.4 $2.3 $1.1 2Q23 Tax rate Effective rate: 17.7% Managed rate: 22.5% 1,6 ROE O/H ratio 38% 48% 15% 55% 16% 33% 29% 64% 20% 25 49 $22.4 13.0 7.0 42.4 $20.4 48% 2Q23 FR impact $0.9 3.1 4.0 0.6 1.2 $2.4 $2.4 $0.80 3% 4 (4) $0.9 3.1 - 4.0 $0.6 (4)% ex. FR $21.0 17.4 38.4 20.2 1.7 $12.1 $11.6 $3.95 17% 21 53 $21.5 9.9 7.0 38.4 $19.8 52% ex. FR $ 0/(U) 1Q23 $0.2 (1.1) (1.0) 0.1 (0.5) ($0.5) ($0.6) ($0.15) 18% 23 51 $0.5 (0.2) (1.4) (1.0) ($0.1) 51% 2Q22 $5.8 1.0 6.7 1.5 0.6 $3.4 $3.4 $1.19 13% 17 59 $7.8 (0.3) (0.8) 6.7 $1.1 59% 3#5Fortress balance sheet $B, EXCEPT PER SHARE DATA Risk-based capital metrics¹ CET1 capital CET1 capital ratio - Standardized CET1 capital ratio - - Advanced Basel III Standardized RWA Leverage-based capital metric² Firm SLR Liquidity metrics³ Firm LCR Bank LCR Balance sheet metrics Total assets (EOP) Deposits (average) Tangible book value per share5 2Q23 $236 13.8% 13.9 $1,711 JPMORGAN CHASE & CO. 5.8% 112% $3,868 2,387 79.90 1Q23 114% 129 140 169 Total excess HQLA $296 $368 $554 HQLA and unencumbered marketable securities 1,411 1,459 1,547 the Firm and JPMorgan Chase Bank, N.A. ("Bank"). See note 2 on slide 12 4 See note 4 on slide 12 $227 13.8% 13.9 12.9 $1,647 $1,705 5.9% 2Q22 $3,744 2,320 76.69 Note: Totals may not sum due to rounding 1 Estimated for the current period. See note 1 on slide 12 2 Estimated for the current period. Represents the supplementary leverage ratio ("SLR") 3 Estimated for the current period. Liquidity Coverage Ratio ("LCR") represents the average LCR for $207 12.2% 5.3% 110% $3,841 2,532 69.53 STANDARDIZED CET1 RATIO (%)¹ 13.8% 1Q23 1,647 86 bps 1Q23 Net income7 5 bps 55 AOCI 8 (29 bps) Loans FR Impact (47 bps): Net income: 14 bps RWA: (53 bps) Other: (9 bps) Capital Distributions STANDARDIZED RISK-WEIGHTED ASSETS ($B)¹ (6) (53 bps) Market Risk RWA FR Impact $63B: Loans: $47B Credit Risk ex. Loans: $16B 8 Excludes AOCI on cash flow hedges and DVA related to structured notes 9 Includes net share repurchases and common dividends 10 Primarily CET1 capital deductions 14 (9 bps) 5 See note 4 on slide 11 6 RWA impact shown for FR excludes the RWA of the securities acquired in the transaction 7 Reflects Net Income Applicable to Common Equity Other 10 Credit Risk ex. Loans 13.8% FR impact 2Q23 1,711 2Q23 4#6Consumer & Community Banking ¹ SELECTED INCOME STATEMENT DATA ($MM) Revenue Banking & Wealth Management² Home Lending Card Services & Auto Expense² Credit costs Net charge-offs (NCOs) Change in allowance Net income Average equity ROE Overhead ratio² Average loans Average deposits Active mobile customers (mm)4 Debit & credit card sales volume 5 Reported $17,233 10,936 1,007 5,290 8,313 1,862 1,251 611 $5,306 1 See note 1 on slide 11 2 See note 3 on slide 12 For additional footnotes see slide 13. KEY DRIVERS / STATISTICS ($B)³ 2Q23 Reported $54.3 38% 48 $518.3 1,157.3 52.0 $424.0 2Q23 FR impact $831 596 235 37 408 JPMORGAN CHASE & CO. - 408 $293 FR impact $2.3 (2) $59.9 47.2 n.a. $0.4 ex. FR $16,402 10,340 772 5,290 8,276 1,454 1,251 203 $5,013 ex. FR $52.0 38% Ex. FR: Average loans up 5% YoY nd 2% QoQ Average deposits down 6% YoY and flat QoQ -EOP deposits down 6% YoY and 4% QOQ Active mobile customers up 10% YoY Debit & credit card sales volume up 7% YoY Client investment assets up 18% YoY and 7% QOQ 50 $458.4 1,110.1 52.0 $423.6 ex. FR $ 0/(U) 2Q22 $3,844 3,838 (229) 235 1Q23 ($54) 299 52 (405) 211 52 199 (147) 53 ($230) $1,905 618 693 640 ex. FR 1Q23 $52.0 40% 49 $449.8 1,113.0 50.9 $387.3 2Q22 $50.0 24% 61 $436.6 1,180.5 47.4 $397.0 CCB Banking & Wealth Management Business Banking average loans Business Banking loan originations Client investment assets (EOP) Deposit margin Home Lending Average loans Loan originations CIB FINANCIAL PERFORMANCE (ex. FR) Net income of $5.0B, up 61% YoY Revenue of $16.4B, up 31% YoY, driven by higher net interest income • Expense of $8.3B, up 8% YoY, largely driven by higher compensation, including wage inflation and headcount growth, as well as higher marketing, partially offset by lower auto lease depreciation Credit costs of $1.5B NCOs of $1.3B, up $640mm YoY, predominantly driven by Card Services, as 30+ day delinquencies have returned to pre-pandemic levels Reserve build of $203mm, predominantly driven by loan growth in Card Services and changes in specific macroeconomic factors, largely offset by reduced borrower uncertainty KEY DRIVERS / STATISTICS ($B) - DETAIL BY BUSINESS 2Q23 FR impact Third-party mortgage loans serviced (EOP) Net charge-off/(recovery) rate Card Services & Auto Card Services average loans Auto average loans and leased assets Auto loan and lease originations Card Services net charge-off rate Card Services net revenue rate Card Services sales volume 5 Reported $19.6 1.3 892.9 2.83% $229.6 11.2 604.5 (0.05)% $187.0 82.1 12.0 2.41% 9.11 $294.0 AWM Corp. 150.9 0.01% $57.2 1.1 3.1 0.02% ex. FR $19.6 1.3 742.0 2.82% $172.4 10.1 601.4 (0.07)% $187.0 82.1 12.0 2.41% 9.11 $294.0 ex. FR 1Q23 $19.9 1.0 690.8 2.78% $172.1 5.7 575.9 (0.04)% $180.5 80.3 9.2 2.07% 2Q22 $22.8 1.2 628.5 1.31% $177.3 21.9 575.6 (0.16)% $158.4 83.4 7.0 1.47% 10.38 9.59 $266.2 $271.2 01 5#7Corporate & Investment Bank1 SELECTED INCOME STATEMENT DATA ($MM) Revenue Investment Banking revenue Payments² Lending Total Banking Fixed Income Markets Equity Markets Securities Services. Credit Adjustments & Other Total Markets & Securities Services Expense² Credit costs Net income KEY DRIVERS / STATISTICS ($B)³ Equity ROE Overhead ratio² Comp/revenue IB fees ($mm) Average loans Average client deposits Merchant processing volume Assets under custody ($T) ALL/EOP loans ex-conduits and trade Net charge-off/(recovery) rate Average VaR ($mm) 1 See note 1 on slide 11 2 See note 3 on slide 12 For additional footnotes see slide 13. 5 6 JPMORGAN CHASE & CO. 2Q23 $12,519 1,494 2,451 299 4,244 4,567 2,451 1,221 36 8,275 6,894 38 $4,092 2Q23 $108.0 15% 55 28 $1,557 227.3 647.5 600.1 30.4 1.86% 0.12 $44 $ 0/(U) 1Q23 ($1,081) (66) 55 32 21 (1,132) (232) 73 189 (1,102) (589) (20) ($329) 1Q23 $108.0 16% 55 30 $1,654 228.1 633.7 558.8 29.7 1.81% 0.11 $45 2Q22 $516 143 932 (111) 964 (144) (628) 70 254 (448) 84 (21) $375 2Q22 $103.0 14% 57 29 $1,650 218.0 722.4 539.6 28.6 1.38% 0.09 $52 CCB CIB CB AWM Corp. FINANCIAL PERFORMANCE Net income of $4.1B, up 10% YoY; revenue of $12.5B, up 4% YoY Banking revenue • IB revenue of $1.5B, up 11% YoY, or down 7% excluding bridge book? markdowns in the prior year IB fees down 6% YoY, driven by lower advisory fees Payments revenue of $2.5B, up 61% YoY Excluding the net impact of equity investments, primarily markdowns in the prior year, up 32%, predominantly driven by higher rates, partially offset by lower deposit balances Lending revenue of $299mm, down 27% YoY, predominantly driven by mark-to-market losses on hedges of retained loans, partially offset by higher net interest income Markets & Securities Services revenue • Markets revenue of $7.0B, down 10% YoY Fixed Income Markets revenue of $4.6B, down 3% YoY, reflecting lower revenue in macro businesses, largely offset by higher revenue in the Securitized Products Group and Credit - Equity Markets revenue of $2.5B, down 20% YoY, compared with a strong second quarter in the prior year Securities Services revenue of $1.2B, up 6% YoY, driven by higher rates, largely offset by lower fees and deposit balances Expense of $6.9B, up 1% YoY, driven by higher non-compensation expense, as well as wage inflation and headcount growth, largely offset by lower revenue-related compensation Credit costs of $38mm 6#8Commercial Banking1 SELECTED INCOME STATEMENT DATA ($MM) Revenue Middle Market Banking Corporate Client Banking Commercial Real Estate Banking Other Expense Credit costs Net income Average equity ROE Overhead ratio Payments revenue ($mm) ³ Investment Banking and Markets revenue, gross ($mm)4 5 Average loans Average client deposits Allowance for loan losses Nonaccrual loans Net charge-off/(recovery) rate ALL/loans Reported $3,988 1,916 KEY DRIVERS / STATISTICS ($B)² 1 See note 1 on slide 11 For additional footnotes see slide 13. 1,229 806 JPMORGAN CHASE & CO. 37 1,300 1,097 $1,208 Reported $29.5 16% 33 $2,248 $767 270.8 275.2 4.7 1.1 0.15% 1.68 2Q23 FR impact $178 48 130 608 ($327) 2Q23 FR impact $1.0 (5)% (2) 28.6 0.6 0.0 (0.02)% (0.04) ex. FR $3,810 1,868 1,229 676 37 1,300 489 $1,534 ex. FR $28.5 21% 34 $2,248 $767 242.2 275.2 4.2 1.0 0.17% 1.72 ex. FR $ 0/(U) 1Q23 $299 187 53 34 25 (8) 72 $187 ex. FR 1Q 23 $28.5 18% 37 $2,028 $881 2Q22 $1,127 238.0 266.0 3.6 0.9 0.06% 1.49 699 302 86 40 144 280 $540 2Q22 $25.0 15% 43 $1,253 $788 219.5 300.4 2.6 0.8 0.00% 1.16 CCB CIB CB AWM Corp. FINANCIAL PERFORMANCE (ex. FR) • Net income of $1.5B, up 54% YoY • Revenue of $3.8B, up 42% YoY, predominantly driven by higher deposit margins, partially offset by lower deposit- related fees Payments revenue of $2.2B, up 79% YoY Investment Banking and Markets revenue, gross of $767mm, down 3% YoY • Expense of $1.3B, up 12% YoY, predominantly driven by higher compensation, including front office hiring and technology investments, as well as higher volume-related expense Credit costs of $489mm • Reserve build of $389mm, driven by updates to certain assumptions related to office real estate, as well as net downgrade activity in Middle Market • NCOs of $100mm, predominantly driven by office real estate Average loans of $242B, up 10% YoY and up 2% QoQ C&I7 up 14% YoY and up 2% QOQ ● CRE7 up 7% YoY and up 1% QOQ Average deposits of $275B, down 8% YoY, driven by continued attrition in non-operating deposits, but up 3% QOQ, driven by inflows from new client acquisition, partially offset by continued attrition in non-operating deposits 7#9Asset & Wealth Management¹ SELECTED INCOME STATEMENT DATA ($MM) Revenue Asset Management Global Private Bank Expense Credit costs Net income Average equity ROE Pretax margin Assets under management ("AUM") Client assets Reported $4,943 2,128 Average loans Average deposits 2,815 KEY DRIVERS / STATISTICS ($B)² 3,163 145 $1,226 Reported $16.7 29% 33 $3,188 4,558 219.5 211.9 2Q23 FR impact $303 303 146 $119 2Q23 FR impact $0.7 2% 1 9.7 ex. FR $4,640 2,128 2,512 3,163 (1) $1,107 ex. FR $16.0 27% 32 $3,188 4,558 209.8 211.9 ex. FR $ 0/(U) 1Q23 ($144) (306) 162 72 (29) ($260) ex. FR 1Q23 $16.0 34% 35 4,347 211.5 2Q22 224.4 $334 (9) 343 244 (45) $103 2Q22 $17.0 $3,006 $2,743 3,798 23% 31 216.8 268.9 CCB CIB AWM Corp. FINANCIAL PERFORMANCE (ex. FR) Net income of $1.1B, up 10% YoY Revenue of $4.6B, up 8% YoY, driven by higher deposit margins on lower balances and higher management fees on strong net inflows Expense of $3.2B, up 8% YoY, driven by higher compensation, including growth in private banking advisor teams, higher revenue-related compensation and the impact of Global Shares and JPMAM China AUM of $3.2T was up 16% YoY and client assets of $4.6T were up 20% YoY, driven by continued net inflows, higher market levels and the impact of the acquisition of Global Shares For the quarter, AUM had long-term net inflows of $61B and liquidity net inflows of $60B Average loans of $210B, down 3% YoY and down 1% QOQ Average deposits of $212B, down 21% YoY and down 6% QoQ 1 See note 1 on slide 11 2 Actual numbers for all periods, not over/(under); FR numbers represent applicable balance only for the period of the quarter from the date of the transaction, May 1, 2023 through June 30, 2023; FR contribution to 3 month average balances represents only 2 months from May 1, 2023 through June 30, 2023 JPMORGAN CHASE & CO. 8#10Corporate ¹ SELECTED INCOME STATEMENT DATA ($MM) Revenue Net interest income Noninterest revenue Expense Credit costs Net income/(loss) 1 See note 1 on slide 11 Reported $3,718 1,738 1,980 1,152 (243) JPMORGAN CHASE & CO. $2,640 2Q23 FR impact $2,733 (29) 2,762 562 $2,301 ex. FR $985 1,767 (782) 590 (243) $339 ex. FR $ 0/(U) 1Q23 27 (27) 430 (613) $95 2Q22 $905 1,443 (538) 384 (271) $513 CCB CIB AWM Corp. FINANCIAL PERFORMANCE (ex. FR) Revenue was $1.0B, up $905mm YoY • Net interest income was $1.8B, compared with $324mm in the prior year, due to the impact of higher rates • Noninterest revenue was a loss of $782mm, compared with a loss of $244mm in the prior year, and included $900mm of net investment securities losses Expense of $590mm, up $384mm YoY, largely driven by higher legal expense ● Credit costs were a net benefit of $243mm, reflecting a reserve release associated with the deposit placed with First Republic Bank in the first quarter of 2023 9#11Outlook 1 FIRMWIDE 1 2 3 Expect FY2023 net interest income and net interest income excluding Markets of ~$87B, market dependent Expect FY2023 adjusted expense of $84.5B excluding the FDIC special assessment related to systemic risk determination, market dependent Expect FY2023 Card Services NCO rate of ~2.60% 1 See notes 1, 2 and 5 on slide 111 JPMORGAN CHASE & CO. 10#12Notes on non-GAAP financial measures 1. 2. 3. 4. 5. 6. In addition to analyzing the Firm's results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a "managed" basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. The Firm's definition of managed basis starts, in each case, with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm and each of the reportable business segments on a fully taxable-equivalent basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. These financial measures allow management to assess the comparability of revenue from year-to-year arising from both taxable and tax-exempt sources. The corresponding income tax impact related to tax-exempt items is recorded within income tax expense. These adjustments have no impact on net income as reported by the Firm as a whole or by the lines of business. For a reconciliation of the Firm's results from a reported to managed basis, refer to page 7 of the Earnings Release Financial Supplement. There are no reclassifications associated with FR managed revenue In addition to reviewing net interest income ("NII") and noninterest revenue ("NIR") on a managed basis, management also reviews these metrics excluding CIB Markets ("Markets", which is composed of Fixed Income Markets and Equity Markets). Markets revenue consists of principal transactions, fees, commissions and other income, as well as net interest income. These metrics, which exclude Markets, are non-GAAP financial measures. Management reviews these metrics to assess the performance of the Firm's lending, investing (including asset-liability management) and deposit-raising activities, apart from any volatility associated with Markets activities. In addition, management also assesses Markets business performance on a total revenue basis as offsets may occur across revenue lines. For example, securities that generate net interest income may be risk-managed by derivatives that are reflected at fair value in principal transactions revenue. Management believes these measures provide investors and analysts with alternative measures to analyze the revenue trends of the Firm. For a reconciliation of NII and NIR from reported to excluding Markets, refer to page 29 of the Earnings Release Financial Supplement. For additional information on Markets revenue, refer to page 70 of the Firm's 2022 Form 10-K Second-quarter 2023 net income, earnings per share and ROTCE excluding significant items are non-GAAP financial measures. Significant items collectively refer to the bargain purchase gain associated with First Republic of $2.7B, the net credit reserve build associated with First Republic of $1.2B and net investment securities losses of $900mm. Excluding these significant items resulted in a decrease of $1.1B (after tax) to reported net income from $14.5B to $13.3B; a decrease of $0.38 per share to reported EPS from $4.75 to $4.37; and a decrease of 2% to ROTCE from 25% to 23%. Management believes these measures provide useful information to investors and analysts in assessing the Firm's results Tangible common equity ("TCE"), return on tangible common equity ("ROTCE") and tangible book value per share ("TBVPS"), are each non-GAAP financial measures. TCE represents the Firm's common stockholders' equity (i.e., total stockholders' equity less preferred stock) less goodwill and identifiable intangible assets (other than mortgage servicing rights), net of related deferred tax liabilities. For a reconciliation from common stockholders' equity to TCE, refer to page 10 of the Earnings Release Financial Supplement. ROTCE measures the Firm's net income applicable to common equity as a percentage of average TCE. ROTCE ex. FR uses the same average TCE. TBVPS represents the Firm's TCE at period-end divided by common shares at period-end. Book value per share was $98.11, $94.34 and $86.38 at June 30, 2023, March 31, 2023 and June 30, 2022, respectively. TCE, ROTCE and TBVPS are utilized by the Firm, as well as investors and analysts, in assessing the Firm's use of equity Adjusted expense and adjusted overhead ratio are each non-GAAP financial measures. Adjusted expense represents noninterest expense excluding Firmwide legal expense of $420mm, $176mm and $73mm for the three months ended June 30, 2023, March 31, 2023 and June 30, 2022, respectively. There was no legal expense excluded from FR adjusted expense for the three months ended June 30, 2023. The adjusted overhead ratio measures the Firm's adjusted expense as a percentage of managed net revenue. Management believes this information helps investors understand the effect of these items on reported results and provides an alternate presentation of the Firm's performance Corporate & Investment Bank ("CIB") calculates the ratio of the allowance for loan losses to end-of-period loans ("ALL/EOP") excluding the impact of consolidated Firm-administered multi-seller conduits and trade finance loans, to provide a more meaningful assessment of CIB's allowance coverage ratio JPMORGAN CHASE & CO. 11#13Additional notes 1. 2. 3. 4. Reflects the Current Expected Credit Losses ("CECL") capital transition provisions. Beginning January 1, 2022, the $2.9B CECL capital benefit is being phased out at 25% per year over a three-year period. As of June 30, 2023 and March 31, 2023, CET1 capital and Total Loss-Absorbing Capacity reflected the remaining $1.4B CECL benefit; as of June 30, 2022, CET1 capital reflected a $2.2B benefit. Refer to Capital Risk Management on pages 36-41 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 and on pages 86-96 of the Firm's 2022 Form 10-K for additional information Total excess high-quality liquid assets ("HQLA") represent the average eligible unencumbered liquid assets that are in excess of what is required to meet the estimated Firm and Bank total net cash outflows over a prospective 30 calendar-day period of significant stress under the liquidity coverage ratio ("LCR") rule. HQLA and unencumbered marketable securities, includes end-of-period HQLA, excluding regulatory prescribed haircuts under the LCR rule where applicable, for both the Firm and the excess HQLA-eligible securities which are included as part of the excess liquidity at JPMorgan Chase Bank, N.A. that are not transferable to non-bank affiliates and thus excluded from the Firm's LCR. Also includes other end-of-period unencumbered marketable securities, such as equity and debt securities. Does not include borrowing capacity at Federal Home Loan Banks and the discount window at the Federal Reserve Bank. Refer to Liquidity Risk Management on pages 42-47 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 and on pages 97-104 of the Firm's 2022 Form 10-K for additional information In the first quarter of 2023, the allocations of revenue and expense to CCB associated with a Merchant Services revenue sharing agreement were discontinued and are now retained in Payments in CIB. Prior-period amounts have been revised to conform with the current presentation Prior-period amounts have been revised to conform with the current presentation, which uses end-of-period HQLA and end-of-period unencumbered marketable securities. Previous presentations used average Firm HQLA (consistent with the LCR metric) and end-of-period unencumbered marketable securities JPMORGAN CHASE & CO. 12#14Additional notes on slides 5-7 Slide 5 Consumer & Community Banking Actual numbers for all periods, not over/(under); FR numbers represent applicable balance only for the period of the quarter from the date of the transaction, May 1, 2023 through June 30, 2023; FR contribution to 3 month average balances represents only 2 months from May 1, 2023 through June 30, 2023 Users of all JPMorgan Chase mobile platforms who have logged in within the past 90 days. Excludes the impact of the First Republic acquisition Excludes Commercial Card 3. 4. 5. 6. 7. Includes the impact of loans originated under the PPP. For further information, refer to page 13 of the Earnings Release Financial Supplement Firmwide mortgage origination volume was $13.0B, $6.8B and $27.9B for the three months ended June 30, 2023, March 31, 2023 and June 30, 2022, respectively Slide 6 - Corporate & Investment Bank Actual numbers for all periods, not over/(under) Client deposits and other third-party liabilities pertain to the Payments and Securities Services businesses 3. 4. 5. 6. 7. 8. Slide 7 - Commercial Banking Actual numbers for all periods, not over/(under); FR numbers represent applicable balance only for the period of the quarter from the date of the transaction, May 1, 2023 through June 30, 2023; FR contribution to 3 month average balances represents only 2 months from May 1, 2023 through June 30, 2023 2. 3. 4. Represents Firm wide merchant processing volume Loans held-for-sale and loans at fair value were excluded when calculating the loan loss coverage ratio and net charge-off/(recovery) rate. ALL/EOP loans as reported was 1.30%, 1.31%, and 1.06% at June 30, 2023, March 31, 2023 and June 30, 2022, respectively. See note 6 on slide 11 The bridge book consists of certain held-for-sale positions, including unfunded commitments, in CIB Securitized Products Group is comprised of Securitized Products and Tax Oriented Investments 5. 6. 7. In the fourth quarter of 2022, certain revenue from CIB Markets products was reclassified from investment banking revenue to payments. Prior-period amounts have been revised to conform with the current presentation. Includes growth of $12mm that is also included in the Investment Banking and Markets revenue, gross metric Includes gross revenues earned by the Firm, that are subject to a revenue sharing arrangement with the CIB, for Investment Banking and Markets' products sold to CB clients. This includes revenues related to fixed income and equity markets products. Refer to page 61 of the Firm's 2022 Form 10-K for discussion of revenue sharing Includes the impact of loans originated under the PPP. For further information, refer to page 20 of the Earnings Release Financial Supplement Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate and loan loss coverage ratio Commercial and Industrial ("C&I") and Commercial Real Estate ("CRE") groupings for CB are generally based on client segments and do not align with regulatory definitions JPMORGAN CHASE & CO. 13#15Forward-looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.'s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorgan Chase & Co.'s actual results to differ materially from those described in the forward-looking statements can be found in JPMorgan Chase & Co.'s Annual Report on Form 10-K for the year ended December 31, 2022, and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023, which have been filed with the Securities and Exchange Commission and is available on JPMorgan Chase & Co.'s website (https://jpmorganchaseco.gcs-web.com/financial- information/sec-filings), and on the Securities and Exchange Commission's website (www.sec.gov). JPMorgan Chase & Co. does not undertake to update any forward-looking statements. JPMORGAN CHASE & CO. 14