#1JPMORGAN CHASE & CO. EARNINGS RELEASE FINANCIAL SUPPLEMENT SECOND QUARTER 2022#2JPMORGAN CHASE & CO. TABLE OF CONTENTS Consolidated Results Consolidated Financial Highlights Consolidated Statements of Income Consolidated Balance Sheets Condensed Average Balance Sheets and Annualized Yields Reconciliation from Reported to Managed Basis Segment Results - Managed Basis Capital and Other Selected Balance Sheet Items Earnings Per Share and Related Information Business Segment Results Consumer & Community Banking ("CCB") Corporate & Investment Bank ("CIB") Commercial Banking ("CB") Asset & Wealth Management ("AWM") Corporate Credit-Related Information Non-GAAP Financial Measures Glossary of Terms and Acronyms (a) JPMORGAN CHASE & Co. Page(s) 2-3 DEBLOCA 10 11-14 15-17 18-19 20-22 23 24-27 28 (a) Refer to the Glossary of Terms and Acronyms on pages 305-311 of JPMorgan Chase & Co.'s (the "Firm's") Annual Report on Form 10-K for the year ended December 31, 2021 (the "2021 Form 10-K") and the Glossary of Terms and Acronyms and Line of Business Metrics on pages 166-171 and pages 172-174, respectively, of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022.#3JPMORGAN CHASE & CO. CONSOLIDATED FINANCIAL HIGHLIGHTS (in millions, except per share and ratio data) SELECTED INCOME STATEMENT DATA Reported Basis Total net revenue Total noninterest expense Pre-provision profit (a) Provision for credit losses NET INCOME Managed Basis (b) Total net revenue Total noninterest expense Pre-provision profit (a) Provision for credit losses NET INCOME EARNINGS PER SHARE DATA Net income: Basic Diluted Average shares: Basic Diluted MARKET AND PER COMMON SHARE DATA Market capitalization Common shares at period-end Book value per share Tangible book value per share ("TBVPS") (a) Cash dividends declared per share FINANCIAL RATIOS (c) Return on common equity ("ROE") Return on tangible common equity ("ROTCE") (a) Return on assets CAPITAL RATIOS (d) Common equity Tier 1 ("CET1") capital ratio Tier 1 capital ratio Total capital ratio Tier 1 leverage ratio Supplementary leverage ratio ("SLR") $ $ 2Q22 30,715 18,749 11,966 1,101 8,649 31,630 18,749 12,881 1,101 8,649 2.77 2.76 2,962.2 2,966.3 $ 330,237 2,932.6 86.38 69.53 1.00 13 % 17 0.89 12.2 % (e) 14.0 (e) 15.7 (e) 6.2 (e) 5.3 (e) $ $ 1Q22 30,717 19,191 11,526 1,463 8,282 31,590 19,191 12,399 1,463 8,282 2.64 2.63 2.977.0 2,981.0 $ 400,379 2,937.1 86.16 69.58 1.00 13 % 16 0.86 11.9% 13.7 15.4 6.2 5.2 $ $ 4Q21 29,257 17,888 11,369 (1,288) 10,399 30,349 17,888 12,461 (1,288) 10,399 3.33 3.33 2,977.3 2,981.8 $ 466,206 2,944.1 88.07 71.53 1.00 QUARTERLY TRENDS 16% 19 1.08 13.1 % 15.0 16.8 6.5 5.4 3Q21 $ 29,647 17,063 12,584 (1,527) 11,687 $ 30,441 17,063 13,378 (1,527) 11,687 3.74 3.74 2,999.9 3,005.1 $483,748 2,955.3 86.36 69.87 1.00 (f) 18% 22 1.24 12.9 % 15.0 16.9 6.6 5.5 2Q21 $ 30,479 17,667 12,812 (2,285) 11,948 $ 31,395 17,667 13,728 (2,285) 11,948 3.79 3.78 3,036.6 3,041.9 $464,778 2,988.2 84.85 68.91 0.90 18 % 23 1.29 13.0 % 15.1 17.1 6.6 5.4 2Q22 Change 1Q22 - % (2) 4 (25) 4 (2) 4 (25) 4 55 || (18) | | 2Q21 JPMORGAN CHASE & CO. 1% 6 (7) NM (28) 1 6 (6) NM (28) (27) (27) (2) (2) (29) (2) 2 1 11 $ $ 2022 61,432 37,940 23,492 2,564 16,931 63,220 37,940 25,280 2,564 16,931 5.40 5.39 2,969.6 2,973.7 $330,237 2,932.6 86.38 69.53 2.00 SIX MONTHS ENDED JUNE 30, 13 % 16 0.87 12.2 % (e) 14.0 (e) 15.7 (e) (e) 6.2 5.3 (e) 2021 $ 62,745 36,392 26,353 (6,441) 26,248 64,514 36,392 28,122 (6,441) 26,248 8.30 8.28 3,054.9 3,060.3 $ 464,778 2,988.2 84.85 68.91 1.80 21 % 26 1.44 13.0 % 15.1 17.1 6.6 5.4 2022 Change 2021 (2)% 4 (11) NM (35) (2) ƒ • § ² ® ® ® ® ® (29) (2) 2 1 11 (a) Pre-provision profit, TBVPS and ROTCE are each non-GAAP financial measures. Tangible common equity ("TCE") is also a non-GAAP financial measure; refer to page 9 for a reconciliation of common stockholders' equity to TCE. Refer to page 28 for a further discussion of these measures. (b) Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis. (c) Quarterly ratios are based upon annualized amounts. (d) The capital metrics reflect the relief provided by the Federal Reserve Board (the "Federal Reserve") in response to the COVID-19 pandemic, including the Current Expected Credit Losses ("CECL") capital transition provisions. Beginning January 1, 2022, the $2.9 billion CECL capital benefit recognized as of December 31, 2021, is being phased out at 25% per year over a three-year period. As of June 30, 2022 and March 31, 2022, CET1 capital reflected the remaining $2.2 billion CECL benefit. For the periods ended December 31, 2021, September 30, 2021 and June 30, 2021, the impact of the CECL capital transition provisions resulted in an increase to CET1 capital of $2.9 billion, $3.3 billion and $3.8 billion, respectively. Refer to Capital Risk Management on pages 35-40 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022 and pages 86-96 of the Firm's 2021 Form 10-K for additional information. (e) Estimated. (f) On September 21, 2021, the Board of Directors declared a quarterly common stock dividend of $1.00 per share. Page 2#4JPMORGAN CHASE & CO. CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio and headcount data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans: Consumer, excluding credit card loans Credit card loans Wholesale loans. Total Loans Deposits: U.S. offices: Noninterest-bearing Interest-bearing Non-U.S. offices: Noninterest-bearing Interest-bearing Total deposits Long-term debt Common stockholders' equity Total stockholders' equity Loans-to-deposits ratio Headcount 95% CONFIDENCE LEVEL - TOTAL VAR Average VaR LINE OF BUSINESS NET REVENUE (a) Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate TOTAL NET REVENUE LINE OF BUSINESS NET INCOME/(LOSS) Consumer & Community Banking (b) Corporate & Investment Bank (b) Commercial Banking (b) Asset & Wealth Management (b) Corporate (b) NET INCOME $3,841,314 317,212 165,494 621,449 1,104,155 714,478 1,343,802 26,983 386,281 2,471,544 $ 2Q22 $ $ $ $ 288,212 253,305 286,143 45 % 278,494 54 12,614 11,947 2,683 4,306 80 31,630 3,100 3,725 994 1,004 (174) 8,649 1Q22 $3,954,687 312,489 152,283 608,513 1,073,285 721,401 1,412,589 27,542 399,675 2,561,207 $ 293,239 253,061 285,899 42 % 273,948 $ 12,229 13,529 2,398 4,315 (881) $ 31,590 2,895 4,385 850 1,008 63 (c) $ (856) $ 8,282 $3,743,567 323,306 154,296 600,112 1,077,714 4Q21 26,229 364,617 2,462,303 $ 711,525 (d) 686,457 (d) 1,359,932 (d) 1,314,073 (d) $ 301,005 259,289 294,127 44% 271,025 37 12,275 11,534 2,612 4,473 (545) $ 30,349 4,147 4,543 QUARTERLY TRENDS 1,234 1,125 (650) $ 10,399 $3,757,576 3Q21 328,164 143,166 573,285 1,044,615 28,589 373,234 2,402,353 $ $ 298,465 255,203 290,041 43 % 265,790 36 $ 12,521 12,396 2,520 4,300 (1,296) $ 30,441 4,351 5,647 1,409 1,196 (916) $ 11,687 $3,684,256 329,685 141,802 569,467 1,040,954 639, 114 1,281,432 2Q21 24,723 359,948 2,305,217 (d) $ $ $ $ 299,926 253,548 286,386 45 % $ 12,760 13,214 2,483 4,107 (1,169) 31,395 260,110 43 5,645 5,020 1,422 1,156 (1,295) 11,948 2Q22 Change 1Q22 (3)% 2 9 2 3 (1) (5) (2) (3) (4) (2) | | 2 (14) 3 (12) 12 NM I 7 (15) 17 80 4 2Q21 4% (4) 17 9 6 12 5 216 | | ê 7 JPMORGAN CHASE & Co. 26 (1) (10) 8 5 NM 1 (45) (26) (30) (13) 87 (28) $3,841,314 317,212 165,494 621,449 1,104,155 714,478 1,343,802 2022 26,983 386,281 2,471,544 $ $ $ $ 288,212 253,305 286,143 45 % 278,494 24,843 25,476 5,081 8,621 SIX MONTHS ENDED JUNE 30, (801) 63,220 5,995 8,110 1,844 2,012 (1,030) 16,931 (a) Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. (c) Refer to Corporate & Investment Bank credit portfolio VaR on page 17 for a further discussion of VaR. (d) Prior-period amounts have been revised to conform with the current presentation. 2021 $3,684,256 329,685 141,802 569,467 1,040,954 639,114 1,281,432 24,723 359,948 2,305,217 $ 299,926 253,548 286,386 45 % 260,110 $ 25,277 27,819 4,876 8,184 (1,642) 64,514 12,432 10,944 2,603 2,416 (2,147) $ 26,248 2022 Change 2021 4% (4) 17 9 6 12 5 9 7 7 (4) | | 7 (2) (8) 4 5 51 (2) (52) (26) (29) (17) 52 (35) Page 3#5JPMORGAN CHASE & CO. CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share and ratio data) REVENUE Investment banking fees Principal transactions Lending- and deposit-related fees Asset management, administration and commissions Investment securities gains/(losses) Mortgage fees and related income Card income Other income Noninterest revenue Interest income Interest expense Net interest income TOTAL NET REVENUE Provision for credit losses NONINTEREST EXPENSE Compensation expense Occupancy expense Technology, communications and equipment expense Professional and outside services Marketing Other expense (a) TOTAL NONINTEREST EXPENSE Income before income tax expense Income tax expense NET INCOME NET INCOME PER COMMON SHARE DATA Basic earnings per share Diluted earnings per share FINANCIAL RATIOS Return on common equity (b) Return on tangible common equity (b)(c) Return on assets (b) Effective income tax rate Overhead ratio $ $ 2Q22 1,586 4,990 1,873 5,240 (153) 378 1,133 540 15,587 18,646 3,518 15,128 30,715 1,101 10,301 1,129 2,376 2,469 881 1,593 18,749 10,865 2,216 8,649 2.77 2.76 13 % 17 0.89 20.4 61 $ 1Q22 $ 2,008 5,105 1,839 5,362 (394) 460 975 1,490 16,845 15,496 1,624 13,872 30,717 1,463 10,787 1,134 2,360 2,572 920 1,418 19,191 10,063 1,781 $ 8,282 2.64 2.63 13 % 16 0.86 17.7 62 $ 4Q21 3,494 2,182 1,784 5,549 $ 52 315 1,100 1,180 15,656 15,019 1,418 13,601 29,257 (1,288) 9,065 1,202 2,461 2,703 947 1,510 17,888 12,657 2,258 $ 10,399 3.33 3.33 QUARTERLY TRENDS 16 % 19 1.08 17.8 61 $ $ $ 3Q21 3,282 3,546 1,801 5,257 (256) 600 1,005 1,332 16,567 14,480 1,400 13,080 29,647 (1,527) 9,087 1,109 2,473 2,523 712 1,159 17,063 14,111 2,424 11,687 3.74 3.74 18% 22 1.24 17.2 58 $ $ $ 2Q21 3,470 4,076 1,760 5,194 (155) 551 1,647 1,195 17,738 14,094 1,353 12,741 30,479 (2,285) 9,814 1,090 2,488 2,385 626 1,264 17,667 15,097 3,149 11,948 3.79 3.78 18% 23 1.29 20.9 58 2Q22 Change 1Q22 (21)% (2) 2 (2) 61 (18) 16 (64) (7) 20 117 9 (25) (5) A ∞ - (4) (4) 12 (2) 24 5 5 JPMORGAN CHASE & CO. 2Q21 (54)% 22 6 1 1 (31) (31) (55) (12) 32 160 19 1 NM 5 4 (5) 4 41 26 6 (28) (30) (28) (27) (27) $ $ 2022 3,594 10,095 3,712 10,602 (547) 838 2,108 2,030 32,432 34,142 5,142 29,000 61,432 2,564 21,088 2,263 4,736 5,041 1,801 3,011 37,940 20,928 3,997 $ 16,931 SIX MONTHS ENDED JUNE 30, 5.40 5.39 13% 16 0.87 19.1 62 $ $ $ 2021 6,440 10,576 3,447 10,223 (141) 1,255 2,997 2,318 37,115 28,365 2,735 25,630 62,745 (6,441) 20,415 2,205 5,007 4,588 1,377 2,800 36,392 32,794 6,546 26,248 8.30 8.28 21% 26 1.44 20.0 58 2022 Change 2021 (44)% (5) 8 4 (288) (33) (30) (12) (13) 20 88 13 (2) NM 3 3 (5) 10 31 8 4 (36) (39) (35) (35) (35) (a) Included Firmwide legal expense of $73 million, $119 million, $137 million, $76 million and $185 million for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $192 million and $213 million for the six months ended June 30, 2022 and June 30, 2021 respectively. (b) Quarterly ratios are based upon annualized amounts. (c) Refer to page 28 for further discussion of ROTCE. Page 4#6JPMORGAN CHASE & CO. CONSOLIDATED BALANCE SHEETS (in millions) ASSETS Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements Securities borrowed Trading assets: Debt and equity instruments Derivative receivables Available-for-sale ("AFS") securities Held-to-maturity ("HTM") securities, net of allowance for credit losses Investment securities, net of allowance for credit losses Loans Less: Allowance for loan losses Loans, net of allowance for loan losses Accrued interest and accounts receivable Premises and equipment Goodwill, MSRs and other intangible assets Other assets TOTAL ASSETS LIABILITIES Deposits Federal funds purchased and securities loaned or sold under repurchase agreements Short-term borrowings Trading liabilities: Debt and equity instruments Derivative payables Accounts payable and other liabilities Beneficial interests issued by consolidated VIES Long-term debt TOTAL LIABILITIES STOCKHOLDERS' EQUITY Preferred stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income/(loss) Treasury stock, at cost TOTAL STOCKHOLDERS' EQUITY TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ Jun 30, 2022 27,215 642,045 322,156 202,393 384,260 81,317 222,069 441,649 663,718 1,104,155 17,750 1,086,405 145,442 26,770 59,360 200,233 $ 3,841,314 $ 2,471,544 222,719 58,422 137,891 52,417 313,326 10,640 288,212 3,555,171 32,838 4,105 88,614 282,445 (14,369) (107,490) 286,143 $ 3,841,314 (a) Prior-period amounts have been revised to conform with the current presentation. $ Mar 31, 2022 26,165 728,367 301,875 224,852 437,892 73,636 312,875 366,585 679,460 1,073,285 17,192 1,056,093 152,207 26,916 58,485 188,739 $ 3,954,687 $ 2,561,207 223,858 57,586 144,280 57,803 320,671 10,144 293,239 3,668,788 32,838 4,105 88,260 277,177 (9,567) (106,914) 285,899 $ 3,954,687 $ Dec 31, 2021 26,438 714,396 261,698 206,071 376,494 57,081 308,525 363,707 672,232 1,077,714 16,386 1,061,328 102,570 27,070 56,691 181,498 $ 3,743,567 $ 2,462,303 194,340 53,594 114,577 50,116 262,755 10,750 301,005 3,449,440 34,838 4,105 88,415 272,268 (84) (105,415) 294,127 $ 3,743,567 JPMORGAN CHASE & CO. Jun 30, 2022 Change $ Sep 30, 2021 25,857 734,012 282,161 202,987 447,993 67,908 251,590 343,542 595, 132 1,044,615 18,150 1,026,465 116,395 26,996 56,566 175, 104 $3,757,576 $ 2,402,353 254,920 50,393 126,058 53,485 268,604 13,257 298,465 3,467,535 34,838 4,105 88,357 265,276 963 (103,498) 290,041 $ 3,757,576 $ Jun 30, 2021 26,592 678,829 260,987 186,376 454,268 (a) 66,320 (a) 232,161 341,476 573,637 1,040,954 19,500 1,021,454 125,253 26,631 54,655 209,254 $ 3,684,256 $ 2,305,217 245,437 51,938 127,822 56,045 297,082 14,403 299,926 3,397,870 32,838 4,105 88,194 256,983 2,570 (98,304) 286,386 $ 3,684,256 Mar 31, 2022 4% (12) ^ @ m m = - o m (10) (12) (4) (1) 1 (4) (9) (2) 5 (2) (3) | | | € | (50) Jun 30, 2021 2% (5) 23 9 (15) 23 (4) 29 16 6 (9) 6 16 1 9 (4) 4 7 (9) 12 8 (6) 5 (26) (4) 5 A | @ ₹ • | | | NM Page 5#7JPMORGAN CHASE & CO. CONDENSED AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS (in millions, except rates) AVERAGE BALANCES ASSETS Deposits with banks Federal funds sold and securities purchased under resale agreements Securities borrowed Trading assets - debt instruments Investment securities Loans All other interest-earning assets (a) Total interest-earning assets Trading assets - equity and other instruments Trading assets - derivative receivables All other noninterest-earning assets TOTAL ASSETS LIABILITIES Interest-bearing deposits Federal funds purchased and securities loaned or sold under repurchase agreements Short-term borrowings (b) Trading liabilities - debt and all other interest-bearing liabilities (c) Beneficial interests issued by consolidated VIES Long-term debt Total interest-bearing liabilities Noninterest-bearing deposits Trading liabilities - equity and other instruments Trading liabilities - derivative payables All other noninterest-bearing liabilities TOTAL LIABILITIES Preferred stock Common stockholders' equity TOTAL STOCKHOLDERS' EQUITY TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY AVERAGE RATES (d) INTEREST-EARNING ASSETS Deposits with banks Federal funds sold and securities purchased under resale agreements Securities borrowed (e) Trading assets - debt instruments Investment securities Loans All other interest-earning assets (a) Total interest-earning assets INTEREST-BEARING LIABILITIES Interest-bearing deposits Federal funds purchased and securities loaned or sold under repurchase agreements Short-term borrowings (b) Trading liabilities - debt and all other interest-bearing liabilities (c)(e) Beneficial interests issued by consolidated VIES Long-term debt Total interest-bearing liabilities INTEREST RATE SPREAD NET YIELD ON INTEREST-EARNING ASSETS Memo: Net yield on interest-earning assets excluding Markets (f) $ 2Q22 694,644 305,132 207,437 273,736 672,799 1,093,106 139,040 3,385,894 151,309 84,483 289,957 $ 3,911,643 $ 1,790,421 233,376 50,833 274,435 10,577 246,195 2,605,837 741,891 40,937 61,026 181,128 3,630,819 32,838 247,986 280,824 $ 3,911,643 0.62 % 0.71 0.33 3.02 1.55 4.28 1.85 2.22 0.20 0.80 0.73 0.69 1.11 2.54 0.54 1.68 1.80 2.26 $ 1Q22 742,311 294,951 218,030 272,116 671,165 1,068,637 134,741 3,401,951 156,908 67,334 280,595 $ 3,906,788 $ 1,781,320 250,215 47,871 263,025 10,891 254,180 2,607,502 734,233 43,394 54,522 181,105 3,620,756 33,526 252,506 286,032 $ 3,906,788 0.13 % 0.55 (0.16) 2.65 1.38 4.05 0.97 1.86 0.04 0.19 0.32 0.30 0.69 1.72 0.25 1.61 1.67 1.95 4Q21 QUARTERLY TRENDS $ 767,713 268,953 207,059 260,555 642,675 1,060,254 130,646 3,337,855 150,770 66,024 277,006 $ 3,831,655 234,504 46,456 246,675 11,906 255,710 2,526,860 736,203 (g) 40,645 55,063 184,241 3,543,012 34,838 253,805 288,643 $ 3,831,655 0.09 % 0.47 (0.28) 2.52 1.26 4.04 0.87 1.80 0.03 0.13 0.26 0.20 0.56 1.61 0.22 $ 1.58 1.63 1.90 3Q21 $ 1,731,609 (g) $1,677,837 (g) $ 1,669,376 261,343 46,185 246,666 15,117 248,552 2,487,239 654,419 35,397 62,533 205,584 3,445,172 32,666 250,849 283,515 $ 3,728,687 756,653 262,679 189,418 275,860 565,344 1,042,591 127,241 3,219,786 177,315 65,574 262,544 $ 3,725,219 240,912 43,759 241,297 14,232 257,593 2,475,630 691,622 (g) 35,505 55,907 178,770 3,437,434 34,229 253,556 287,785 $ 3,725,219 0.09 % 0.35 (0.15) 2.43 1.32 3.99 0.64 1.80 0.03 0.20 0.26 0.09 0.50 1.62 0.22 2Q21 1.58 1.62 1.91 $ 721,214 255,831 190,785 277,024 585,084 1,024,633 122,624 3,177,195 199,288 (g) 70,212 (g) 281,992 $ 3,728,687 0.06 % 0.27 (0.19) 2.49 1.31 3.98 0.66 1.79 0.03 0.09 0.30 0.08 0.55 1.70 0.22 1.57 1.62 1.90 2Q22 Change 1Q22 (6)% 3 (5) 1 2 3 (4) I wo 1 Fo+ | | | | JPMORGAN CHASE & CO. SIX MONTHS ENDED JUNE 30, 2Q21 (4)% 19 (1) 15 13 (24) 20 ✓ (11) 10 11 (30) (1) 5 13 16 (2) (12) 5 1 (1) (1) 5 $ 2022 718,346 300,070 212,704 272,931 671,987 1,080,939 136,902 3,393,879 154,093 75,956 285,301 $ 3,909,229 $ 1,785,896 241,749 49,360 268,762 10,733 250,165 2,606,665 738,083 42,159 57,792 181,116 3,625,815 33,180 250,234 283,414 $ 3,909,229 0.37 % 0.63 0.08 2.83 1.47 4.16 1.42 2.04 0.12 0.49 0.53 0.50 0.90 2.13 0.40 1.64 1.74 2.11 $ 2021 676,658 272,704 182,945 299,710 583,779 1,019,109 117,117 3,152,022 181,746 72,459 264,857 $ 3,671,084 $ 1,640,085 281,254 44,120 238,836 16,145 244,000 2,464,440 634,403 35,214 65,231 192,091 3,391,379 31,496 248,209 279,705 $ 3,671,084 0.05 % 0.30 (0.18) 2.36 1.34 4.04 0.69 1.83 0.03 0.05 0.31 0.07 0.60 1.81 0.22 1.61 1.65 1.92 (a) Includes brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets, which are classified in other assets, on the Consolidated Balance Sheets. (b) Includes commercial paper. 2022 Change 2021 6% 10 16 (9) 15 ܗ ܐ ܣ ܟ ܗ ܣ ܗ (15) 9 (14) 12 13 (34) 16 20 (11) (6) TATTO (c) All other interest-bearing liabilities include brokerage-related customer payables. (d) Interest includes the effect of related hedging derivatives. Taxable-equivalent amounts are used where applicable. (e) Negative interest income and yields are related to the impact of interest rates combined with the fees paid on client-driven securities borrowed balances. The negative interest expense related to prime brokerage customer payables is recognized in interest expense and reported within trading liabilities - debt and all other liabilities. (f) Net yield on interest-earning assets excluding Markets is a non-GAAP financial measure. Refer to page 28 for a further discussion of this measure. (g) Prior-period amounts have been revised to conform with the current presentation. Page 6#8JPMORGAN CHASE & CO. RECONCILIATION FROM REPORTED TO MANAGED BASIS (in millions, except ratios) JPMORGAN CHASE & CO. The Firm prepares its Consolidated Financial Statements using accounting principles generally accepted in the U.S. ("U.S. GAAP"). That presentation, which is referred to as "reported" basis, provides the reader with an understanding of the Firm's results that can be tracked consistently from year-to-year and enables a comparison of the Firm's performance with other companies' U.S. GAAP financial statements. 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. Refer to the notes on Non-GAAP Financial Measures on page 28 for additional information on managed basis. The following summary table provides a reconciliation from reported U.S. GAAP results to managed basis. OTHER INCOME Other income - reported Fully taxable-equivalent adjustments (a) Other income - managed TOTAL NONINTEREST REVENUE Total noninterest revenue reported Fully taxable-equivalent adjustments Total noninterest revenue managed NET INTEREST INCOME Net interest income - reported Fully taxable-equivalent adjustments (a) Net interest income-managed TOTAL NET REVENUE Total net revenue - reported Fully taxable-equivalent adjustments Total net revenue - managed PRE-PROVISION PROFIT Pre-provision profit - reported Fully taxable-equivalent adjustments Pre-provision profit - managed INCOME BEFORE INCOME TAX EXPENSE Income before income tax expense reported Fully taxable-equivalent adjustments Income before income tax expense managed INCOME TAX EXPENSE Income tax expense - reported Fully taxable-equivalent adjustments Income tax expense - managed OVERHEAD RATIO Overhead ratio - reported Overhead ratio - managed (a) Predominantly recognized in CIB, CB and Corporate. $ $ $ $ $ $ $ 15,128 103 15,231 $ $ $ $ $ $ 2Q22 $ 540 812 1,352 15,587 812 16,399 30,715 915 31,630 11,966 915 12,881 10,865 915 11,780 2,216 915 3,131 61 % 59 $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1Q22 1,490 775 2,265 16,845 775 17,620 13,872 98 13,970 30,717 873 31,590 11,526 873 12,399 10,063 873 10,936 1,781 873 2,654 62 % 61 $ $ $ $ $ $ $ $ $ 29,257 1,092 30,349 $ 4Q21 $ 1,180 984 2,164 $ 11,369 1,092 12,461 $ 15,656 984 16,640 13,601 108 13,709 12,657 1,092 13,749 2,258 1,092 $ 3,350 QUARTERLY TRENDS 61 % 59 $ $ $ $ 16,567 690 17,257 $ $ $ $ $ $ $ $ $ 3Q21 $ 1,332 690 2,022 13,080 104 13,184 29,647 794 30,441 12,584 794 13,378 14,111 794 14,905 2,424 794 3,218 58 % 56 $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2Q21 1,195 807 2,002 17,738 807 18,545 12,741 109 12,850 30,479 916 31,395 12,812 916 13,728 15,097 916 16,013 3,149 916 4,065 58 % 56 2Q22 Change 1Q22 (64)% 5 (40) (7) 5 (7) 9 5 9 5 4 5 4 0000 8 5 8 24 5 18 2Q21 (55)% -@_@-@ (32) (12) (12) 19 (6) 19 1 1 (7) (6) (28) (26) (30) (23) $ $ 2,030 1,587 3,617 $ $ 32,432 1,587 34,019 $ $ 29,000 201 29,201 $ $ $ 2022 $ SIX MONTHS ENDED JUNE 30, $ 23,492 1,788 $ 25,280 $ $ 61,432 1,788 63,220 20,928 1,788 22,716 3,997 1,788 5,785 62 % 60 $ $ $ $ 37,115 1,551 38,666 $ $ $ $ $ $ $ $ $ 2021 $ 2,318 1,551 3,869 25,630 218 25,848 62,745 1,769 64,514 26,353 1,769 28,122 32,794 1,769 34,563 6,546 1,769 8,315 58 % 56 2022 Change 2021 (12)% 2 (7) (13) 2 (12) 13 (8) 13 (2) 1 (2) (11) 1 (10) (36) 1 (34) (39) 1 (30) Page 7#9JPMORGAN CHASE & CO. SEGMENT RESULTS - MANAGED BASIS (in millions) TOTAL NET REVENUE (fully taxable-equivalent ("FTE")) Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate TOTAL NET REVENUE TOTAL NONINTEREST EXPENSE Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate TOTAL NONINTEREST EXPENSE PRE-PROVISION PROFIT/(LOSS) Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate PRE-PROVISION PROFIT PROVISION FOR CREDIT LOSSES Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate PROVISION FOR CREDIT LOSSES NET INCOME/(LOSS) Consumer & Community Banking (a) Corporate & Investment Bank (a) Commercial Banking (a) Asset & Wealth Management (a) Corporate (a) TOTAL NET INCOME $ $ $ $ $ $ $ $ 2Q22 (126) $ 12,881 $ 12,614 11,947 2,683 4,306 80 31,630 7,723 6,745 1,156 2,919 206 18,749 4,891 5,202 1,527 1,387 761 59 209 44 28 1,101 3,100 3,725 994 1,004 (174) 8,649 $ $ $ $ 7,720 7,298 1,129 2,860 184 $ 19,191 $ $ $ 1Q22 $ 12,229 13,529 2,398 4,315 (881) 31,590 4,509 6,231 1,269 1,455 (1,065) 12,399 678 445 157 154 29 1,463 2,895 4,385 850 1,008 (856) 8,282 $ $ $ $ $ 4Q21 $ QUARTERLY TRENDS 12,275 11,534 2,612 4,473 (545) 30,349 7,754 5,827 1,059 2,997 251 17,888 4,521 5,707 (796) $ 12,461 1,553 1,476 (1,060) (126) (89) (36) 23 (1,288) 4,147 4,543 1,234 1,125 (650) $ 10,399 $ $ $ $ $ $ 3Q21 5,283 6,525 1,488 1,538 (1,456) $ 13,378 $ 12,521 12,396 2,520 4,300 (1,296) 30,441 7,238 5,871 1,032 2,762 160 17,063 (459) (638) (363) (60) (7) (1,527) 4,351 5,647 1,409 1,196 (916) $ 11,687 $ $ $ $ $ $ $ 5,698 6,691 1,502 1,521 (1,684) 13,728 $ $ 2Q21 $ 12,760 13,214 2,483 4,107 (1,169) 31,395 7,062 6,523 981 2,586 515 17,667 (1,868) (79) (377) (10) 49 (2,285) 5,645 5,020 1,422 1,156 (1,295) 11,948 2Q22 Change 1Q22 3% (12) 12 NM (8) 2 2 12 (2) 8 (17) 20 (5) 88 4 12 (87) 33 (71) (3) (25) 7 (15) 17 80 4 JPMORGAN CHASE & Co. 2Q21 (1)% (10) 8 5 NM 1 9 3 18 13 (60) 6 (14) (22) 2 (9) 93 (6) NM NM NM NM (43) NM (45) (26) (30) (13) 87 (28) $ $ $ $ $ $ $ 9,400 11,433 2,796 2,842 (1,191) $ 25,280 $ 2022 $ SIX MONTHS ENDED JUNE 30, 24,843 25,476 5,081 8,621 (801) 63,220 15,443 14,043 2,285 5,779 390 37,940 1,439 504 366 198 57 2,564 5,995 8,110 1,844 2,012 (1,030) 16,931 (a) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. $ 25,277 27,819 4,876 8,184 (1,642) $ 64,514 $ $ $ $ $ $ 2021 $ 14,264 13,627 1,950 5,160 1,391 36,392 11,013 14,192 2,926 3,024 (3,033) 28,122 (5,470) (410) (495) (131) 65 (6,441) 12,432 10,944 2,603 2,416 (2,147) 26,248 2022 Change 2021 (2)% (8) 4 5 51 (2) N N w o (72) (15) (19) (4) (6) 61 (10) NM NM NM NM (12) NM (52) (26) (29) (17) 52 (35) Page 8#10JPMORGAN CHASE & CO. CAPITAL AND OTHER SELECTED BALANCE SHEET ITEMS (in millions, except ratio data) CAPITAL (a) Risk-based capital metrics Standardized CET1 capital Tier 1 capital Total capital Risk-weighted assets CET1 capital ratio Tier 1 capital ratio Total capital ratio Advanced CET1 capital Tier 1 capital Total capital Risk-weighted assets CET1 capital ratio Tier 1 capital ratio Total capital ratio Leverage-based capital metrics Adjusted average assets (b) Tier 1 leverage ratio Total leverage exposure SLR TANGIBLE COMMON EQUITY (period-end) (c) Common stockholders' equity Less: Goodwill Less: Other intangible assets Add: Certain deferred tax liabilities (d) Total tangible common equity TANGIBLE COMMON EQUITY (average) (c) Common stockholders' equity Less: Goodwill Less: Other intangible assets Add: Certain deferred tax liabilities (d) Total tangible common equity INTANGIBLE ASSETS (period-end) Goodwill Mortgage servicing rights Other intangible assets Total intangible assets Jun 30, 2022 $ 207,449 (e) $207,903 239,725 (e) 240,076 269,536 268,379 (e) 1,707,090 (e) 1,750,678 12.2% (e) 14.0 (e) 15.7 (e) $ 207,449 (e) $207,903 239,725 (e) 240,076 257,386 (e) 258,989 1,617,545 (e) 1,643,453 12.8 % (e) 14.8 (e) 15.9 (e) Mar 31, 2022 $ 253,305 50,697 1,224 2,509 $ 203,893 $3,861,951 (e) $3,857,783 6.2 % (e) 6.2 % $247,986 50,575 1,119 2,503 $ 198,795 $ 11.9% 13.7 15.4 $4,562,790 (e) $4,586,537 5.3% (e) 50,697 7,439 1,224 $ 59,360 12.7 % 14.6 15.8 5.2 % $ 253,061 50,298 893 2,496 $ 204,366 $ 252,506 50,307 896 2,498 $ 203,801 $ 50,298 7,294 893 $ 58,485 Dec 31, 2021 $ 213,942 246,162 274,900 1,638,900 13.1 % 15.0 16.8 $ 213,942 246,162 265,796 1,547,920 13.8 % 15.9 17.2 $3,782,035 6.5% $4,571,789 5.4 % $ 259,289 50,315 882 2,499 $ 210,591 $ 253,805 50,362 896 2,502 $ 205,049 $ 50,315 5,494 882 $ 56,691 Sep 30, 2021 $209,917 244,207 274,994 1,628,406 12.9 % 15.0 16.9 $ 209,917 244,207 264,469 1,544,512 13.6 % 15.8 17.1 $3,675,803 6.6% $4,463,904 5.5 % $ 255,203 50,313 902 2,500 $206,488 $ 253,556 49,457 849 2,480 $ 205,730 $ 50,313 5,351 902 $ 56,566 Jun 30, 2021 $ 209,010 241,356 274,443 1,601,631 13.0 % 15.1 17.1 $209,010 241,356 262,364 1,514,386 13.8% 15.9 17.3 $3,680,830 6.6 % $4,456,557 5.4 % $ 253,548 49,256 850 2,461 $ 205,903 $ 250,849 49,260 864 2,459 $203,184 $ 49,256 4,549 850 $ 54,655 Jun 30, 2022 Change Mar 31, 2022 | || (2) 1130 I % (1) 1 37 1 (2) 1 25 (2) 1 2 37 1 JPMORGAN CHASE & CO. Jun 30, 2021 (1)% (1) (2) 7 (1) (1) (2) 7 5 2 N NO WÊ EN #w/ 44 (1) 30 3 64 44 9 2022 $ SIX MONTHS ENDED JUNE 30, $ 250,234 50,442 1,007 2,500 201,285 2021 $ 248,209 49,254 877 2,457 $ 200,535 2022 Change 2021 INGNO (a) The capital metrics reflect the relief provided by the Federal Reserve Board in response to the COVID-19 pandemic, including the CECL capital transition provisions. Beginning January 1, 2022, the $2.9 billion CECL capital benefit recognized as of December 31, 2021, is being phased out at 25% per year over a three-year period. As of June 30, 2022 and March 31, 2022, CET1 capital reflected the remaining $2.2 billion CECL benefit. For the periods ended December 31, 2021, September 30, 2021 and June 30, 2021, the impact of the CECL capital transition provisions resulted in an increase to CET1 capital of $2.9 billion, $3.3 billion and $3.8 billion, respectively. Refer to Capital Risk Management on pages 35-40 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022 and pages 86-96 of the Firm's 2021 Form 10-K for additional information. (b) Adjusted average assets, for purposes of calculating the leverage ratios, includes quarterly average assets adjusted for on-balance sheet assets that are subject to deduction from Tier 1 capital, predominantly goodwill, inclusive of estimated equity method goodwill, and other intangible assets. (c) Refer to page 28 for further discussion of TCE. (d) Represents deferred tax liabilities related to tax-deductible goodwill and to identifiable intangibles created in nontaxable transactions, which are netted against goodwill and other intangibles when calculating TCE. (e) Estimated. Page 9#11JPMORGAN CHASE & CO. EARNINGS PER SHARE AND RELATED INFORMATION (in millions, except per share and ratio data) EARNINGS PER SHARE Basic earnings per share Net income Less: Preferred stock dividends Net income applicable to common equity Less: Dividends and undistributed earnings allocated to participating securities Net income applicable to common stockholders Total weighted-average basic shares outstanding Net income per share Diluted earnings per share Net income applicable to common stockholders Total weighted-average basic shares outstanding Add: Dilutive impact of stock appreciation rights ("SARS") and employee stock options, unvested performance share units ("PSUS") and nondividend-earning restricted stock units ("RSUS") Total weighted-average diluted shares outstanding Net income per share COMMON DIVIDENDS Cash dividends declared per share Dividend payout ratio COMMON SHARE REPURCHASE PROGRAM (a) Total shares of common stock repurchased Average price paid per share of common stock Aggregate repurchases of common stock EMPLOYEE ISSUANCE Shares issued from treasury stock related to employee stock-based compensation awards and employee stock purchase plans Net impact of employee issuances on stockholders' equity (b) $ $ $ $ $ 2Q22 $ 8,649 410 8,239 44 8,195 2,962.2 2.77 8,195 2,962.2 4.1 2,966.3 2.76 1.00 36 % 5.0 $ 124.88 622 0.5 398 $ $ 40 $ 7,845 1Q22 $ 8,282 397 7,885 $ 2,977.0 2.64 4.0 2,981.0 $ 2.63 7,845 2,977.0 1.00 38 % 18.1 $138.04 2,500 11.0 843 $ $ $ 4Q21 $ 10,399 426 9,973 2,977.3 $ 3.33 46 9,927 9,927 2,977.3 4.5 2,981.8 3.33 1.00 30% 12.1 $ 165.47 2,008 QUARTERLY TRENDS 1.1 147 $ 56 $ 11,229 $ $ 3Q21 11,687 402 11,285 $ 2,999.9 3.74 11,229 2,999.9 5.2 3,005.1 3.74 1.00 27% 33.4 $ 156.87 5,240 0.5 271 $ 11,948 393 11,555 $ $ $ $ (c) $ 2Q21 $ 59 11,496 3,036.6 3.79 11,496 3,036.6 5.3 3,041.9 3.78 0.90 24 % 39.5 $ 156.83 6,201 0.6 276 2Q22 Change 1Q22 4% 3 4 10 4 5 4 2 5 (72) (10) (75) (95) (53) JPMORGAN CHASE & CO. 2Q21 (28)% 4 (29) (25) (29) (27) (29) (2) (23) (2) (27) 11 (87) (20) (90) (17) 44 $ 16,931 807 16,124 $ $ 2022 $ $ 16,039 2,969.6 85 16,039 $ 2,969.6 5.40 4.1 2,973.7 5.39 23.1 $ 135.20 3,122 2.00 37% SIX MONTHS ENDED JUNE 30, 11.5 1,241 $ 26,248 772 25,476 130 $ 25,346 2021 $ $ 25,346 3,054.9 $ 3,054.9 8.30 $ 5.4 3,060.3 8.28 1.80 22 % 74.2 $ 150.95 11,200 12.9 943 2022 Change 2021 (35)% 5 (37) (35) (37) (3) (35) (37) (3) (24) (3) (35) 11 (69) (10) (72) (11) 32 (a) Effective May 1, 2022, the Firm replaced its previously approved program and is authorized to purchase up to $30 billion of common shares under a new equity repurchase program. As a result of the recent stress test results and anticipated increases in regulatory capital requirements, share repurchases have been temporarily suspended. (b) The net impact of employee issuances on stockholders' equity is driven by the cost of equity compensation awards that is recognized over the applicable vesting periods. The cost is partially offset by tax impacts related to the distribution of shares and the exercise of employee stock options and SARS. (c) On September 21, 2021, the Board of Directors declared a quarterly common stock dividend of $1.00 per share. Page 10#12JPMORGAN CHASE & CO. CONSUMER & COMMUNITY BANKING FINANCIAL HIGHLIGHTS (in millions, except ratio data) INCOME STATEMENT REVENUE Lending- and deposit-related fees Asset management, administration and commissions Mortgage fees and related income Card income All other income Noninterest revenue Net interest income TOTAL NET REVENUE Provision for credit losses NONINTEREST EXPENSE Compensation expense Noncompensation expense (a) TOTAL NONINTEREST EXPENSE Income/(loss) before income tax expense/(benefit) Income tax expense/(benefit) (b) NET INCOME/(LOSS) (b) REVENUE BY LINE OF BUSINESS Consumer & Business Banking Home Lending Card & Auto MORTGAGE FEES AND RELATED INCOME DETAILS Production revenue Net mortgage servicing revenue (c) Mortgage fees and related income FINANCIAL RATIOS ROE Overhead ratio $ $ $ $ 2Q22 855 947 377 678 1,049 3,906 8,708 12,614 761 3,237 4,486 7,723 4,130 1,030 3,100 6,558 1,001 5,055 150 227 377 24 % 61 $ $ 1Q22 $ 805 929 456 590 1,122 3,902 8,327 12,229 678 3,831 936 $ 2,895 3,171 4,549 7,720 6,062 1,169 4,998 211 245 456 23 % 63 $ $ $ 4Q21 753 950 312 675 1,144 3,834 8,441 12,275 (1,060) 3,177 4,577 7,754 5,581 1,434 4,147 6,172 1,084 5,019 327 (15) $ 312 QUARTERLY TRENDS 32% (b) 63 $ $ 3Q21 $ 786 893 596 651 1,212 4,138 8,383 12,521 (459) 5,742 1,391 $ 4,351 3,012 4,226 7,238 6,157 1,400 4,964 614 (18) 596 34 % 58 $ 2Q21 753 866 548 $ 1,238 1,321 4,726 8,034 12,760 (1,868) 2,977 4,085 7,062 7,566 1,921 $ 5,645 $ 6,016 1,349 5,395 517 31 548 44% 55 2Q22 Change 1Q22 6% walang (17) 12 2 (1) 8 10 7 ܂ 8 (14) 1 (29) (7) (17) JPMORGAN CHASE & Co. 2Q21 14 % 9 (31) (45) (21) (17) 8 (1) NM 9 10 9 (45) (46) (45) 9 (26) (6) (71) NM (31) $ $ 2022 $ SIX MONTHS ENDED JUNE 30, 1,660 1,876 833 1,268 2,171 7,808 17,035 24,843 1,439 6,408 9,035 15,443 7,961 1,966 5,995 $ 12,620 2,170 10,053 361 472 833 23 % 62 $ $ $ $ 2021 1,495 1,671 1,251 2,237 2,660 9,314 15,963 25,277 (5,470) 5,953 8,311 14,264 16,483 4,051 12,432 11,651 2,807 10,819 1,274 (23) 1,251 49 % 56 2022 Change 2021 11 % 12 (33) (43) (18) (16) 7 (2) NM 8 9 8 (52) (51) (52) 8 (23) (7) (72) NM (33) (a) Included depreciation expense on leased assets of $652 million, $694 million, $767 million, $769 million and $856 million for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $1.3 billion and $1.8 billion for the six months ended June 30, 2022 and 2021, respectively. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. (c) Included MSR risk management results of $28 million, $109 million, $(162) million, $(145) million and $(103) million for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $137 million and $(218) million for the six months ended June 30, 2022 and 2021, respectively. Page 11#13JPMORGAN CHASE & CO. CONSUMER & COMMUNITY BANKING FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except headcount data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans: Consumer & Business Banking (a) Home Lending (b) Card Auto Total loans Deposits Equity SELECTED BALANCE SHEET DATA (average) Total assets Loans: Consumer & Business Banking Home Lending (c) Card Auto Total loans Deposits Equity Headcount 2Q22 $ 500,219 $ 31,494 176,939 165,494 67,842 441,769 1,178,825 50,000 496,177 32,294 177,330 158,434 68,569 436,627 1,180,453 50,000 130,907 1Q22 $ 486,183 32,772 172,025 152,283 69,251 426,331 1,189,308 50,000 $ 488,967 33,742 176,488 149,398 69,250 428,878 1,153,513 50,000 129,268 4Q21 QUARTERLY TRENDS $ 500,370 35,095 180,529 154,296 69,138 439,058 1,148,110 50,000 $ 497,675 37,299 183,343 148,471 68,549 437,662 1,114,329 50,000 128,863 $ $ 3Q21 493,169 40,659 179,489 143,166 68,391 431,705 1,093,852 50,000 491,512 43,256 181,150 141,950 67,785 434,141 1,076,323 50,000 126,586 $ 2Q21 494,305 46,228 179,371 141,802 67,598 434,999 1,056,507 50,000 $ 485,209 49,356 177,444 136,149 67,183 430,132 1,047,771 50,000 125,300 2Q22 Change 1Q22 3% (4) 3 9 (2) 4 (1) 1 1 (4) | 6 (1) 2 2 1 JPMORGAN CHASE & Co. 2Q21 1% (32) (1) 17 2 12 2 (35) 16 2 2 13 4 $ 2022 SIX MONTHS ENDED JUNE 30, 500,219 31,494 176,939 165,494 67,842 441,769 1,178,825 50,000 $ 492,592 33,014 176,911 153,941 68,908 432,774 1,167,057 50,000 130,907 $ 2021 494,305 46,228 179,371 141,802 67,598 434,999 1,056,507 50,000 $ 484,868 49,611 179,832 135,520 67,072 432,035 1,013,917 50,000 125,300 2022 Change 2021 1% (32) (1) 17 2 12 2 (33) (2) 14 3 15 4 (a) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021 included $1.5 billion, $2.9 billion, $5.4 billion, $11.1 billion and $16.7 billion of loans, respectively, in Business Banking under the Paycheck Protection Program ("PPP"). Refer to page 109 of the Firm's 2021 Form 10-K for further information on the PPP. (b) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, Home Lending loans held-for-sale and loans at fair value were $5.2 billion, $5.8 billion, $14.9 billion, $14.5 billion and $16.5 billion, respectively. (c) Average Home Lending loans held-for sale and loans at fair value were $8.1 billion, $10.8 billion, $17.8 billion, $17.1 billion and $14.2 billion for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $9.5 billion and $13.3 billion for the six months ended June 30, 2022 and 2021, respectively. Page 12#14JPMORGAN CHASE & CO. CONSUMER & COMMUNITY BANKING FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio data) CREDIT DATA AND QUALITY STATISTICS Nonaccrual loans (a)(b)(c) Net charge-offs/(recoveries) Consumer & Business Banking Home Lending Card Auto Total net charge-offs/(recoveries) Net charge-off/(recovery) rate Consumer & Business Banking (d) Home Lending Card Auto Total net charge-off/(recovery) rate 30+ day delinquency rate Home Lending (e)(f) Card Auto 90+ day delinquency rate - Card Allowance for loan losses Consumer & Business Banking Home Lending Card Auto Total allowance for loan losses $ $ $ $ 2Q22 4,217 81 (68) 580 18 611 1.01 % (0.16) 1.47 0.11 0.57 0.85 % 1.05 0.69 0.51 697 785 10,400 740 12,622 $ $ 1Q22 4,531 89 (69) 506 27 553 1.07 % (0.17) 1.37 0.16 0.54 1.03 % 1.09 0.57 0.54 697 785 10,250 738 $ 12,470 $ $ $ 4Q21 QUARTERLY TRENDS 4,875 86 (71) 479 21 515 0.91 % (0.17) 1.28 0.12 0.49 1.25 % 1.04 0.64 0.50 697 660 10,250 733 12,340 $ $ $ 3Q21 5,000 66 (74) 495 4 491 0.61 % (0.18) 1.39 0.02 0.47 1.06 % 1.00 0.46 0.49 797 630 11,650 813 13,890 $ $ $ $ 2Q21 5,256 72 (79) 755 (16) 732 0.59 % (0.19) 2.24 (0.10) 0.71 1.08 % 1.01 0.42 0.54 897 630 12,500 817 14,844 2Q22 Change 1Q22 (7)% JPMORGAN CHASE & CO. (9) 1 15 (33) 10 2Q21 (20)% 13 14 (23) NM (17) (22) 25 (17) (9) (15) $ $ $ $ 2022 SIX MONTHS ENDED JUNE 30, 4,217 170 (137) 1,086 45 1,164 1.04 % (0.16) 1.42 0.13 0.55 0.85 % 1.05 0.69 0.51 697 785 10,400 740 12,622 $ $ $ $ 2021 5,256 137 (130) 1,738 10 1,755 0.56 % (0.16) 2.60 0.03 0.85 1.08 % 1.01 0.42 0.54 897 630 12,500 817 14,844 2022 Change 2021 (20)% 24 (5) (38) 350 (34) (22) 25 (17) (9) (15) (a) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, nonaccrual loans excluded mortgage loans 90 or more days past due and insured by U.S. government agencies of $257 million, $315 million, $342 million, $355 million and $397 million, respectively. These amounts have been excluded based upon the government guarantee. The amount of mortgage loans 90 or more days past due and insured by U.S. government agencies excluded at June 30, 2021 has been revised to conform with the current presentation. In addition, the Firm's policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance. (b) At June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, nonaccrual loans excluded $86 million, $179 million, $506 million and $5 million of PPP loans 90 or more days past due and guaranteed by the SBA, respectively. There were no PPP loans 90 or more days past due at June 30, 2021. (c) Generally excludes loans that were under payment deferral programs offered in response to the COVID-19 pandemic. Includes loans to customers that have exited COVID-19 payment deferral programs and are 90 or more days past due, predominantly all of which were considered collateral-dependent at time of exit. (d) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021 included $1.5 billion, $2.9 billion, $5.4 billion, $11.1 billion and $16.7 billion of loans, respectively, under the PPP. Given that PPP loans are guaranteed by the SBA, the Firm does not expect to realize material credit losses on these loans. Refer to page 109 of the Firm's 2021 Form 10-K for further information on the PPP. (e) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, the principal balance of loans under payment deferral programs offered in response to the COVID-19 pandemic was $513 million, $728 million, $1.1 billion, $3.1 billion and $5.2 billion in Home Lending, respectively. Loans that are performing according to their modified terms are generally not considered delinquent. (f) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, excluded mortgage loans 30 or more days past due and insured by U.S. government agencies of $315 million, $370 million, $405 million, $432 million and $483 million, respectively. These amounts have been excluded based upon the government guarantee. The amount of mortgage loans 30 or more days past due and insured by U.S. government agencies excluded at June 30, 2021 has been revised to conform with the current presentation. Page 13#15JPMORGAN CHASE & CO. CONSUMER & COMMUNITY BANKING FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio data and where otherwise noted) BUSINESS METRICS Number of: Branches Active digital customers (in thousands) (a) Active mobile customers (in thousands) (b) Debit and credit card sales volume (in billions) Consumer & Business Banking Average deposits Deposit margin Business banking origination volume Client investment assets (c) Number of client advisors Home Lending (in billions) Mortgage origination volume by channel Retail Correspondent Total mortgage origination volume (d) Third-party mortgage loans serviced (period-end) MSR carrying value (period-end) Ratio of MSR carrying value (period-end) to third-party mortgage loans serviced (period-end) MSR revenue multiple (e) $ Auto Loan and lease origination volume (in billions) Average auto operating lease assets $ $ $ 1,163,423 $ Credit Card Credit card sales volume, excluding Commercial Card (in billions) $ Net revenue rate 2Q22 $ 4,822 60,735 47,436 397.0 1.31 % 1,196 628,479 4,890 11.0 10.9 21.9 575.6 7.4 1.29 % 4.45 x 271.2 9.59 7.0 14,866 % $ $ $ $ 1,136,115 1.22 1,028 696,316 4,816 $ $ 1Q22 $ 4,810 60,286 46,527 351.5 15.1 9.6 24.7 575.4 7.3 1.27 % 4.70 X 236.4 % 9.87 % 8.4 16,423 $ 376.2 $ $ 1,094,442 $ 4Q21 $ 4,790 58,857 45,452 $ 1.22 % 866 718,051 4,725 QUARTERLY TRENDS 22.4 19.8 42.2 519.2 (f) 5.5 1.06 % (f) 3.79 x (f) 254.1 9.61 8.5 17,629 % $ $ $ $1,056,254 1.29 835 681,491 4,689 $ $ 3Q21 $ 4,854 57,961 44,333 349.9 23.7 17.9 41.6 509.3 5.3 1.04 3.85 x 232.0 9.74 11.5 18,753 % % % $ $ $ $ 1,028,459 $ $ 2Q21 $ 4,869 56,915 42,896 344.3 % 1.28 2,180 (g) 673,675 4,571 22.7 16.9 39.6 463.9 4.5 0.97 % 3.59 x 223.7 11.32 % 12.4 19,608 2Q22 Change 1Q22 - % 1 2 13 2 16 (10) 2 (27) 14 (11) 1 1 15 JPMORGAN CHASE & Co. (17) (9) 2Q21 (1)% 7 11 15 13 (45) (7) 7 (52) (36) (45) 24 64 21 (44) (24) $ (f) Prior-period amounts have been revised to conform with the current presentation. (g) Included $1.3 billion and $10.6 billion of origination volume under the PPP for the three and six months ended June 30, 2021, respectively. The program ended on May 31, 2021 for new applications. $ $ $ 2022 $ 1,149,844 1.27 2,224 628,479 4,890 $ SIX MONTHS ENDED JUNE 30, 4,822 60,735 47,436 748.5 26.1 20.5 46.6 575.6 7.4 1.29 4.61 x 507.6 9.72 15.4 15,640 % % % $ $ $ $ 994,748 $ 2021 $ 4,869 56,915 42,896 634.6 1.29 % 12,215 673,675 4,571 45.7 33.2 78.9 463.9 4.5 0.97 3.59 x 407.4 11.43 23.6 19,952 (g) % % 2022 Change 2021 (1)% 7 11 18 16 (82) (7) 7 (43) (38) (41) 24 64 25 (35) (22) (a) Users of all web and/or mobile platforms who have logged in within the past 90 days. (b) Users of all mobile platforms who have logged in within the past 90 days. (c) Includes assets invested in managed accounts and J.P. Morgan mutual funds where AWM is the investment manager. Refer to AWM segment results on pages 20-22 for additional information. (d) Firmwide mortgage origination volume was $27.9 billion, $30.2 billion, $48.2 billion, $46.1 billion and $44.9 billion for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $58.1 billion and $88.1 billion for the six months ended June 30, 2022 and 2021, respectively. (e) Represents the ratio of MSR carrying value (period-end) to third-party mortgage loans serviced (period-end) divided by the ratio of annualized loan servicing-related revenue to third-party mortgage loans serviced (average). Page 14#16JPMORGAN CHASE & CO. CORPORATE & INVESTMENT BANK FINANCIAL HIGHLIGHTS (in millions, except ratio data) INCOME STATEMENT REVENUE Investment banking fees Principal transactions Lending- and deposit-related fees Asset management, administration and commissions All other income Noninterest revenue Net interest income TOTAL NET REVENUE (a) Provision for credit losses NONINTEREST EXPENSE Compensation expense Noncompensation expense TOTAL NONINTEREST EXPENSE Income before income tax expense Income tax expense (b) NET INCOME (b) FINANCIAL RATIOS ROE Overhead ratio Compensation expense REVENUE BY BUSINESS Investment Banking Payments Lending Total Banking Fixed Income Markets Equity Markets Securities Services percentage of total net revenue Credit Adjustments & Other (c) Total Markets & Securities Services TOTAL NET REVENUE $ $ $ $ 2Q22 1,650 5,048 641 1,330 80 8,749 3,198 11,947 59 3,510 3,235 6,745 5,143 1,418 3,725 14 % 56 29 1,351 1,463 410 3,224 4,711 3,079 1,151 (218) 8,723 11,947 $ 1Q22 2,050 5,223 641 1,339 704 9,957 3,572 13,529 445 4,006 3,292 7,298 5,786 1,401 $ 4,385 17% 54 30 $ 2,057 1,854 321 4,232 5,698 3,055 1,068 (524) 9,297 $ 13,529 $ $ 4Q21 3,502 2,116 654 1,252 624 8,148 3,386 11,534 (126) 2,358 3,469 5,827 5,833 1,290 4,543 21% (b) 51 20 $ 3,206 1,801 263 5,270 3,334 1,954 1,064 (88) QUARTERLY TRENDS 6,264 $ 11,534 $ $ $ 3Q21 3,297 3,577 634 1,240 313 9,061 3,335 12,396 (638) 2,827 3,044 5,871 7,163 1,516 5,647 26 % 47 23 3,025 1,624 244 4,893 3,672 2,597 1,126 108 7,503 $ 12,396 $ $ $ 2Q21 3,572 4,026 633 1,246 435 9,912 3,302 13,214 (79) 3,582 2,941 6,523 6,770 1,750 5,020 23 % 49 27 3,424 1,453 229 5,106 4,098 2,689 1,088 233 8,108 $ 13,214 2Q22 Change 1Q22 (20)% (3) (1) (89) (12) (10) (12) (87) (12) (2) (8) (11) 1 (15) (34) (21) 28 (24) (17) 1 8 58 (6) (12) JPMORGAN CHASE & CO. 2Q21 (54)% 25 1 7 (82) (12) (3) (10) NM (2) 10 3 (24) (19) (26) (61) 1 79 (37) 15 15 6 NM 8 (10) $ $ $ 2022 3,700 10,271 1,282 2,669 784 18,706 6,770 25,476 504 7,516 6,527 14,043 10,929 2,819 8,110 SIX MONTHS ENDED JUNE 30, 15 % 55 30 3,408 3,317 731 7,456 10,409 6,134 2,219 (742) 18,020 $ 25,476 $ 2021 $ 6,560 10,071 1,226 2,532 611 21,000 6,819 27,819 (410) 7,911 5,716 13,627 14,602 3,658 $ 10,944 26% (b) 49 28 6,275 2,845 494 9,614 9,859 5,978 2,138 230 18,205 $ 27,819 2022 Change 2021 (44)% 2 5 5 28 (11) (1) (8) NM (5) 14 3 (25) (23) (26) (46) 17 48 (22) 6 3 4 NM (1) (8) (a) Includes tax-equivalent adjustments, predominantly due to income tax credits related to alternative energy investments; income tax credits and amortization of the cost of investments in affordable housing projects; as well as tax-exempt income from municipal bonds of $772 million, $737 million, $923 million, $641 million and $763 million for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $1.5 billion for both the six months ended June 30, 2022 and 2021. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. (c) Consists primarily of centrally managed credit valuation adjustments ("CVA"), funding valuation adjustments ("FVA") on derivatives, other valuation adjustments, and certain components of fair value option elected liabilities. Results are presented net of associated hedging activities and net of CVA and FVA amounts allocated to Fixed Income Markets and Equity Markets. Page 15#17JPMORGAN CHASE & CO. CORPORATE & INVESTMENT BANK FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio and headcount data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans: Loans retained (a) Loans held-for-sale and loans at fair value (b) Total loans Equity SELECTED BALANCE SHEET DATA (average) Total assets Trading assets - debt and equity instruments Trading assets - derivative receivables Loans: Loans retained (a) Loans held-for-sale and loans at fair value (b) Total loans Equity Headcount CREDIT DATA AND QUALITY STATISTICS Net charge-offs/(recoveries) Nonperforming assets: Nonaccrual loans: Nonaccrual loans retained (c) Nonaccrual loans held-for-sale and loans at fair value (d) Total nonaccrual loans Derivative receivables Assets acquired in loan satisfactions Total nonperforming assets Allowance for credit losses: Allowance for loan losses Allowance for lending-related commitments Total allowance for credit losses Net charge-off/(recovery) rate (a)(e) Allowance for loan losses to period-end loans retained (a) Allowance for loan losses to period-end loans retained, excluding trade finance and conduits (f) Allowance for loan losses to nonaccrual loans retained (a)(c) Nonaccrual loans to total period-end loans 2Q22 $1,403,558 $ 171,219 46,032 217,251 103,000 $1,429,953 411,079 83,582 169,909 48,048 217,957 103,000 69,447 38 697 840 1,537 447 84 2,068 1,809 1,358 3,167 0.09% 1.06 1.38 260 0.71 1Q22 $1,460,463 $ 167,791 47,260 215,051 103,000 $1,407,835 419,346 66,692 160,976 51,398 212,374 103,000 68,292 20 871 949 1,820 597 91 2,508 1,687 1,459 3,146 0.05% 1.01 1.31 194 0.85 4Q21 $1,259,896 $ 159,786 50,386 210,172 83,000 $1,341,267 407,656 65,365 153,595 52,429 206,024 83,000 67,546 23 584 844 1,428 316 91 1,835 1,348 1,372 2,720 QUARTERLY TRENDS 0.06 % 0.84 1.12 231 0.68 3Q21 $1,355,752 $ 151,211 52,436 203,647 83,000 $1,331,240 442,623 64,730 149,826 53,712 203,538 83,000 66,267 2 547 1,234 1,781 393 95 2,269 1,442 1,426 2,868 0.01 % 0.95 1.29 264 0.87 2Q21 $1,363,992 $ 144,764 56,668 201,432 83,000 $1,371,218 473,875 (g) 69,392 (g) 140,096 52,376 192,472 83,000 64,261 (12) 783 1,187 1,970 481 95 2,546 1,607 1,902 3,509 (0.03)% 1.11 1.53 205 0.98 2Q22 Change 1Q22 (4)% 2 (3) 1 2 (2) 25 w os (7) 2 90 (20) (11) (16) (25) (8) (18) 7 (7) 1 JPMORGAN CHASE & CO. 2Q21 3% 18 (19) 8 24 4 (13) 20 21 (8) 13 24 8 NM (11) (29) (22) (7) (12) (19) 13 (29) (10) 2022 $1,403,558 $ 171,219 46,032 217,251 103,000 1,418,955 415,190 75,184 165,467 49,714 215,181 103,000 69,447 58 697 840 1,537 447 84 2,068 1,809 1,358 3,167 SIX MONTHS ENDED JUNE 30, 0.07% 1.06 1.38 260 0.71 2021 $1,363,992 $ 144,764 56,668 201,432 83,000 $1,332,755 471,439 (g) 71,411 (g) 138,454 49,042 187,496 83,000 64,261 (19) 783 1,187 1,970 481 95 2,546 1,607 1,902 3,509 (0.03)% 1.11 1.53 205 0.98 2022 Change 2021 3% 18 (19) 8 24 6 (12) 5 20 1 15 24 8 NM (11) (29) (22) (7) (12) (19) 13 (29) (10) (a) Loans retained includes credit portfolio loans, loans held by consolidated Firm-administered multi-seller conduits, trade finance loans, other held-for-investment loans and overdrafts. (b) Loans held-for-sale and loans at fair value primarily reflect lending related positions originated and purchased in CIB Markets, including loans held for securitization. (c) Allowance for loan losses of $130 million, $226 million, $58 million, $138 million and $180 million were held against nonaccrual loans at June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively. (d) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, nonaccrual loans excluded mortgage loans 90 or more days past due and insured by U.S. government agencies of $196 million, $283 million, $281 million, $289 million and $316 million, respectively. These amounts have been excluded based upon the government guarantee. (e) Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate. (f) Management uses allowance for loan losses to period-end loans retained, excluding trade finance and conduits, a non-GAAP financial measure, to provide a more meaningful assessment of CIB's allowance coverage ratio. (g) Prior-period amounts have been revised to conform with the current presentation. Page 16#18JPMORGAN CHASE & CO. CORPORATE & INVESTMENT BANK FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except where otherwise noted) BUSINESS METRICS Advisory Equity underwriting Debt underwriting Total investment banking fees Client deposits and other third-party liabilities (average) (a) Merchant processing volume (in billions) (b) Assets under custody ("AUC") (period-end) (in billions) 95% Confidence Level - Total CIB VaR (average) CIB trading VaR by risk type: (c) Fixed income Foreign exchange Equities Commodities and other Diversification benefit to CIB trading VaR (d) CIB trading VaR (c) Credit Portfolio VaR (e) Diversification benefit to CIB VaR (d) CIB VaR $ $ $ 2Q22 $ 664 245 741 1,650 722,388 $ 28,579 539.6 60 8 11 14 (43) 50 17 (15) 52 $ $ 1Q22 $ 801 249 1,000 2,050 709,121 490.2 $ 31,571 47 4 12 15 (33) 45 29 (10) 64 $ $ $ 4Q21 $ QUARTERLY TRENDS 1,557 802 1,143 3,502 717,496 $ 33,221 514.9 39 4 12 12 (31) 36 5 (4) 37 $ $ 3Q21 $ 1,228 1,032 1,037 3,297 714,376 $ 31,962 470.9 38 5 11 11 (33) 32 5 (4) 33 $ $ $ $ 2Q21 916 1,063 1,593 3,572 721,882 475.2 32,122 39 6 18 22 (44) 41 6 (6) 41 2Q22 Change 1Q22 (17)% (2) (26) (20) 2 10 (9) 28 100 (8) (7) (30) 11 (41) (50) (19) JPMORGAN CHASE & Co. 2Q21 (28)% (77) (53) (54) 1 14 (11) 54 33 (39) (36) 2 22 183 (150) 27 $ $ $ 2022 SIX MONTHS ENDED JUNE 30, 1,465 494 1,741 3,700 715,791 1,029.8 28,579 $ $ $ $ 2021 1,596 2,119 2,845 6,560 713,868 900.9 32,122 2022 Change 2021 (8)% (77) (39) (44) 1 14 (11) (a) Client deposits and other third-party liabilities pertain to the Payments and Securities Services businesses. (b) Represents total merchant processing volume across CIB, CCB and CB. (c) CIB trading VaR includes substantially all market-making and client-driven activities, as well as certain risk management activities in CIB, including credit spread sensitivity to CVA. Refer to VaR measurement on pages 135-137 of the Firm's 2021 Form 10-K, and pages 67-69 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 for further information. (d) Diversification benefit represents the difference between the portfolio VaR and the sum of its individual components. This reflects the non-additive nature of VaR due to imperfect correlation across CIB risks. (e) Credit portfolio VaR includes the derivative CVA, hedges of the CVA and hedges of the retained loan portfolio, which are reported in principal transactions revenue. This VaR does not include the retained loan portfolio, which is not reported at fair value. In the first quarter of 2022, in line with the Firm's internal model governance, the credit risk component of CVA related to certain counterparties was removed from Credit Portfolio VaR due to the widening of the credit spreads for those counterparties to elevated levels. The related hedges were also removed to maintain consistency. This exposure is now reflected in other sensitivity-based measures. Page 17#19JPMORGAN CHASE & CO. COMMERCIAL BANKING FINANCIAL HIGHLIGHTS (in millions, except ratio data) INCOME STATEMENT REVENUE Lending- and deposit-related fees All other income Noninterest revenue Net interest income TOTAL NET REVENUE (a) Provision for credit losses NONINTEREST EXPENSE Compensation expense Noncompensation expense TOTAL NONINTEREST EXPENSE Income/(loss) before income tax expense/(benefit) Income tax expense/(benefit) (b) NET INCOME (b) REVENUE BY PRODUCT Lending Payments Investment banking (c) Other TOTAL NET REVENUE (a) Investment banking revenue, gross (d) REVENUE BY CLIENT SEGMENT Middle Market Banking Corporate Client Banking Commercial Real Estate Banking Other TOTAL NET REVENUE (a) FINANCIAL RATIOS ROE Overhead ratio $ $ $ $ $ $ $ 2Q22 348 556 904 1,779 2,683 209 559 597 1,156 1,318 324 994 1,058 1,205 282 138 2,683 788 1,169 927 590 (3) 2,683 15 % 43 $ $ $ $ $ 1Q22 364 503 867 1,531 2,398 157 553 576 1,129 1,112 262 850 1,105 981 260 52 2,398 729 980 830 581 7 $ 2,398 13% 47 $ $ $ $ $ 4Q21 $ 356 718 1,074 1,538 2,612 (89) 496 563 1,059 1,642 408 1,234 QUARTERLY TRENDS 1,151 949 475 37 2,612 1,456 $ 1,062 928 614 8 2,612 19% (b) 41 $ $ $ 3Q21 355 633 988 1,532 2,520 (363) $ 511 521 1,032 1,851 442 1,409 1,138 947 416 19 $ 2,520 $ 1,343 1,017 878 602 23 $ 2,520 22% 41 $ $ $ $ $ 2Q21 $ 350 600 950 1,533 2,483 (377) 484 497 981 1,879 457 1,422 1,172 914 370 27 2,483 1,164 1,009 851 599 24 $ 2,483 23 % 40 2Q22 Change 1Q22 (4)% 11 4 16 12 33 1 4 2 19 24 17 (4) 23 8 165 12 8 19 12 2 NM 12 JPMORGAN CHASE & Co. 2Q21 (1)% (7) (5) 16 8 NM 15 20 18 (30) (29) (30) (10) 32 (24) 411 8 (32) 16 9 (2) NM 8 $ $ $ $ $ 2022 $ SIX MONTHS ENDED JUNE 30, 712 1,059 1,771 3,310 5,081 366 2,163 2,186 542 190 $ 5,081 1,112 1,173 2,285 2,430 586 1,844 1,517 2,149 1,757 1,171 4 5,081 14 % 45 $ $ $ $ $ $ $ 2021 681 1,186 1,867 3,009 4,876 (495) 966 984 1,950 3,421 818 2,603 2,340 1,757 720 59 4,876 2,293 1,925 1,702 1,203 46 4,876 21 % 40 2022 Change 2021 5 % (11) (5) 10 4 NM 15 19 17 (29) (28) (29) (8) 24 (25) 222 4 (34) 12 3 (3) (91) 4 (a) Total net revenue included tax-equivalent adjustments from income tax credits related to equity investments in designated community development entities and in entities established for rehabilitation of historic properties, as well as tax-exempt income related to municipal financing activities of $73 million, $69 million, $99 million, $80 million and $78 million for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $142 million and $151 million for the six months ended June 30, 2022 and 2021, respectively. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. (c) Includes CB's share of revenue from investment banking products sold to CB clients through the CIB. (d) Refer to page 61 of the Firm's 2021 Form 10-K for discussion of revenue sharing. Page 18#20JPMORGAN CHASE & CO. COMMERCIAL BANKING FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except headcount and ratio data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans: Loans retained Loans held-for-sale and loans at fair value Total loans Equity Period-end loans by client segment Middle Market Banking (a) Corporate Client Banking Commercial Real Estate Banking Other Total loans (a) SELECTED BALANCE SHEET DATA (average) Total assets Loans: Loans retained Loans held-for-sale and loans at fair value Total loans Client deposits and other third-party liabilities Equity Average loans by client segment Middle Market Banking Corporate Client Banking Commercial Real Estate Banking Other Total loans Headcount CREDIT DATA AND QUALITY STATISTICS Net charge-offs/(recoveries) Nonperforming assets Nonaccrual loans: Nonaccrual loans retained (b)(c) Nonaccrual loans held-for-sale and loans at fair value Total nonaccrual loans Assets acquired in loan satisfactions Total nonperforming assets Allowance for credit losses: Allowance for loan losses Allowance for lending-related commitments Total allowance for credit losses Net charge-off/(recovery) rate (d) Allowance for loan losses to period-end loans retained Allowance for loan losses to nonaccrual loans retained (b) Nonaccrual loans to period-end total loans $ $ $ $ $ $ $ $ 2Q22 242,456 223,541 566 224,107 25,000 68,535 49,503 105,982 87 224,107 239,381 218,478 1,004 219,482 300,425 25,000 66,640 47,832 104,890 120 219,482 13,811 1 761 ** 761 8 769 2,602 725 3,327 1.16 342 0.34 % $ $ $ $ $ 1Q22 $ 235,127 $ 233,474 $ 213,073 1,743 214,816 25,000 64,306 46,720 103,685 105 214,816 62,437 45,595 102,498 157 $ 210,687 13,220 208,540 2,147 210,687 316,921 25,000 6 751 751 17 768 2,357 762 3,119 0.01 1.11 314 0.35 % $ $ 230,776 $ $ $ $ $ 4Q21 $ QUARTERLY TRENDS 206,220 2,223 208,443 24,000 61,159 45,315 101,751 218 208,443 227,308 201,676 3,958 205,634 323,821 24,000 59,784 44,976 100,682 192 205,634 12,902 8 740 740 17 757 2,219 749 2,968 0.02 % 1.08 300 0.36 $ $ 201,283 3,412 $ 204,695 24,000 $ $ $ $ 3Q21 227,670 $ 58,918 45,107 100,458 212 204,695 222,760 199,789 2,790 202,579 300,595 24,000 59,032 43,330 100,120 97 $ 202,579 12,584 31 735 735 16 751 2,354 711 3,065 0.06 1.17 320 0.36 % $ 226,022 $ $ $ $ $ 2Q21 $ 226,562 $ $ 200,929 3,381 204,310 24,000 59,314 44,866 99,858 272 204,310 202,102 3,150 205,252 290,250 24,000 61,698 43,440 99,864 250 205,252 12,163 3 1,006 1,008 17 1,025 2,589 870 3,459 0.01 1.29 257 0.49 % 2Q22 Change 1Q22 3% 5 (68) 4 7 6 2 (17) 4 3 5 (53) (5) 7 5 2 (24) 4 4 (83) 1 (53) 10 (5) JPMORGAN CHASE & Co. SIX MONTHS ENDED JUNE 30, 2Q21 7% 11 (83) 10 4 16 10 6 (68) 10 6 8 (68) 7 4 4 8 10 5 (52) 7 14 (67) (24) NM (25) (53) (25) 1 (17) (4) $ $ $ $ $ $ $ 2022 242,456 223,541 566 224,107 25,000 68,535 49,503 105,982 87 224,107 236,444 213,536 1,572 215,108 308,627 25,000 64,550 46,720 103,701 137 215,108 13,811 7 761 761 8 769 2,602 725 3,327 0.01 % 1.16 342 0.34 $ $ $ $ $ $ $ $ $ 2021 226,022 200,929 3,381 204,310 24,000 59,314 44,866 99,858 272 204,310 226,071 203,127 2,866 205,993 290,619 24,000 60,859 44,573 100,260 301 205,993 12,163 32 1,006 2 1,008 17 1,025 2,589 870 3,459 0.03 % 1.29 257 0.49 2022 Change 2021 7% 11 (83) 10 4 16 10 6 (68) 10 5 5 (45) AS 6 5 3 (54) 4 14 (78) (24) NM (25) (53) (25) 1 (17) (4) (a) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, total loans included $335 million, $640 million, $1.2 billion, $2.0 billion and $5.0 billion of loans, respectively, under the PPP, of which $306 million, $604 million, $1.1 billion, $1.9 billion and $4.9 billion were in Middle Market Banking. Refer to page 109 of the Firm's 2021 Form 10-K for further information on the PPP. (b) Allowance for loan losses of $74 million, $104 million, $124 million, $123 million and $188 million was held against nonaccrual loans retained at June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively. (c) At June 30, 2022, March 31, 2022 and December 31, 2021, nonaccrual loans excluded PPP loans 90 or more days past due and insured by the SBA of $32 million, $50 million and $114 million, respectively. These amounts have been excluded based upon the SBA guarantee. There were no PPP loans 90 or more days past due in all other periods presented. (d) Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate. Page 19#21JPMORGAN CHASE & CO. ASSET & WEALTH MANAGEMENT FINANCIAL HIGHLIGHTS (in millions, except ratio and headcount data) INCOME STATEMENT REVENUE Asset management, administration and commissions All other income Noninterest revenue Net interest income TOTAL NET REVENUE Provision for credit losses NONINTEREST EXPENSE Compensation expense Noncompensation expense TOTAL NONINTEREST EXPENSE Income before income tax expense Income tax expense (a) NET INCOME (a) REVENUE BY LINE OF BUSINESS Asset Management Global Private Bank TOTAL NET REVENUE FINANCIAL RATIOS ROE Overhead ratio Pretax margin ratio: Asset Management Global Private Bank Asset & Wealth Management Headcount Number of Global Private Bank client advisors $ $ $ $ 2Q22 3,037 47 3,084 1,222 4,306 44 1,508 1,411 2,919 1,343 339 1,004 2,137 2,169 4,306 23 % 68 29 33 31 23,981 2,866 $ $ 1Q22 3,115 124 3,239 1,076 4,315 154 1,530 1,330 2,860 1,301 293 1,008 2,314 2,001 $ 4,315 23 % 66 33 27 30 23,366 2,798 $ $ $ $ 4Q21 3,330 118 3,448 1,025 4,473 (36) 1,560 1,437 2,997 1,512 387 1,125 2,488 1,985 4,473 31 % (a) 67 32 36 34 22,762 QUARTERLY TRENDS 2,738 $ $ $ $ 3Q21 3,096 216 3,312 988 4,300 (60) 1,387 1,375 2,762 1,598 402 1,196 2,337 1,963 4,300 33 % 64 36 38 37 22,051 2,646 $ $ $ $ 2Q21 3,019 146 3,165 942 4,107 (10) 1,356 1,230 2,586 1,531 375 1,156 2,236 1,871 4,107 32 % 63 37 37 20,866 2,435 2Q22 Change 1Q22 (3)% (62) (5) 14 (71) (1) 6 2 16 I (8) 8 ය | 3 2 JPMORGAN CHASE & CO. 2Q21 1% (68) (3) 30 5 NM 11 15 13 (12) (10) (13) (4) 16 5 15 18 $ $ $ $ 2022 (a) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. SIX MONTHS ENDED JUNE 30, 6,152 171 6,323 2,298 8,621 198 3,038 2,741 5,779 2,644 632 2,012 4,451 4,170 8,621 23 % 67 31 30 31 23,981 2,866 $ $ $ $ 2021 5,907 404 6,311 1,873 8,184 (131) 2,745 2,415 5,160 3,155 739 2,416 4,421 3,763 8,184 34 % 63 36 41 39 20,866 2,435 2022 Change 2021 4% (58) Page 20 23 5 NM 11 13 12 (16) (14) (17) 1 11 5 15 18#22JPMORGAN CHASE & CO. ASSET & WEALTH MANAGEMENT FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratio data) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans Deposits Equity SELECTED BALANCE SHEET DATA (average) Total assets Loans Deposits Equity CREDIT DATA AND QUALITY STATISTICS Net charge-offs/(recoveries) Nonaccrual loans Allowance for credit losses: Allowance for loan losses Allowance for lending-related commitments Total allowance for credit losses Net charge-off/(recovery) rate Allowance for loan losses to period-end loans Allowance for loan losses to nonaccrual loans Nonaccrual loans to period-end loans $ 235,553 218,841 257,437 17,000 $ 2Q22 $ 234,565 216,846 268,861 17,000 9 620 547 22 569 0.02 % 0.25 88 0.28 $ $ $ 1Q22 233,070 215,130 287,293 17,000 232,310 214,611 287,756 17,000 (1) 626 516 19 535 0.24 82 0.29 % $ $ $ 4Q21 QUARTERLY TRENDS 234,425 218,271 282,052 14,000 227,597 209,169 264,580 14,000 4 708 365 18 383 0.01 % 0.17 52 0.32 do 3Q21 $ 221,702 202,871 242,309 14,000 $ 219,022 200,635 229,710 14,000 (1) 686 402 20 422 0.20 59 0.34 % $ $ $ 2Q21 217,284 198,683 217,488 14,000 214,384 195,171 219,699 14,000 12 792 458 25 483 0.02 0.23 58 0.40 % 2Q22 Change 1Q22 1% 2 (10) 1 1 (7) NM (1) 6 16 6 JPMORGAN CHASE & CO. 2Q21 8% 10 18 21 9 11 22 21 (25) (22) 19 (12) 18 $ $ $ 2022 SIX MONTHS ENDED JUNE 30, 235,553 218,841 257,437 17,000 233,444 215,735 278,256 17,000 8 620 547 22 569 0.01 % 0.25 88 0.28 $ $ 2021 217,284 198,683 217,488 14,000 210,963 191,966 213,167 14,000 23 792 458 25 483 0.02% 0.23 58 0.40 2022 Change 2021 8% 10 18 21 11 12 31 21 (65) (22) 19 (12) 18 Page 21#23JPMORGAN CHASE & CO. ASSET & WEALTH MANAGEMENT FINANCIAL HIGHLIGHTS, CONTINUED (in billions) CLIENT ASSETS Assets by asset class Liquidity Fixed income Equity Multi-asset Alternatives TOTAL ASSETS UNDER MANAGEMENT Custody/brokerage/administration/deposits TOTAL CLIENT ASSETS (a) Assets by client segment Private Banking Global Institutional Global Funds TOTAL ASSETS UNDER MANAGEMENT Private Banking Global Institutional Global Funds TOTAL CLIENT ASSETS (a) Assets under management rollforward Beginning balance Net asset flows: Liquidity Fixed income Equity Multi-asset Alternatives Market/performance/other impacts Ending balance Client assets rollforward Beginning balance Net asset flows Market/performance/other impacts Ending balance $ $ $ $ 712 1,294 737 $ 2,743 $ $ Jun 30, 2022 $ 654 624 641 615 209 2,743 1,055 3,798 $ 1,715 1,339 744 3,798 2,960 (223) $ 2,743 (1) 9 (3) 1 4,116 (1) (317) 3,798 $ $ $ $ $ $ $ $ $ $ Mar 31, 2022 657 657 739 699 208 2,960 1,156 4,116 777 1,355 828 2,960 1,880 1,402 834 4,116 3,113 (52) (3) 11 6 5 (120) 2,960 4,295 (5) (174) 4,116 $ $ $ $ $ $ $ $ Dec 31, 2021 $ 708 693 779 732 201 3,113 1,182 4,295 805 1,430 878 3,113 1,931 1,479 885 4,295 2,996 20 18 6 10 63 3,113 4,096 109 90 $ 4,295 $ $ $ $ $ $ $ $ $ $ Sep 30, 2021 685 695 725 702 189 2,996 1,100 4,096 773 1,375 848 2,996 1,817 1,425 854 4,096 2,987 (11) 11 16 3 3 (13) 2,996 4,044 75 (23) 4,096 (a) Includes CCB client investment assets invested in managed accounts and J.P. Morgan mutual funds where AWM is the investment manager. $ $ $ $ $ $ $ $ $ $ Jun 30, 2021 698 688 725 702 174 2,987 1,057 4,044 752 1,383 852 2,987 1,755 1,430 859 4,044 2,833 15 17 20 2 10 90 2,987 3,828 75 141 4,044 Jun 30, 2022 Change Mar 31, 2022 % (5) (13) (12) (9) (8) (8) (5) (11) (7) (9) (4) (11) (8) JPMORGAN CHASE & CO. Jun 30, 2021 (6)% (9) (12) (12) 20 (8) (6) (5) (6) (13) (8) (2) (6) (13) (6) $ $ $ $ $ $ $ $ $ 2022 SIX MONTHS ENDED JUNE 30, 654 624 641 615 209 2,743 1,055 3,798 712 1,294 737 2,743 1,715 1,339 744 3,798 3,113 (52) (4) 20 3 6 (343) 2,743 4,295 (6) (491) 3,798 $ $ $ $ $ $ $ $ $ $ 2021 698 688 725 702 174 2,987 1,057 4,044 752 1,383 852 2,987 1,755 1,430 859 4,044 2,716 59 25 51 8 13 115 2,987 3,652 205 187 4,044 2022 Change 2021 (6)% (9) (12) (12) 20 (8) (6) (5) (6) (13) (8) (2) (6) (13) (6) Page 22#24JPMORGAN CHASE & CO. CORPORATE FINANCIAL HIGHLIGHTS (in millions, except headcount data) INCOME STATEMENT REVENUE Principal transactions Investment securities gains/(losses) All other income Noninterest revenue Net interest income TOTAL NET REVENUE (a) Provision for credit losses NONINTEREST EXPENSE Income/(loss) before income tax expense/(benefit) Income tax expense/(benefit) (b) NET INCOME/(LOSS) (b) MEMO: TOTAL NET REVENUE Treasury and Chief Investment Office ("CIO") Other Corporate TOTAL NET REVENUE NET INCOME/(LOSS) Treasury and CIO Other Corporate (b) TOTAL NET INCOME/(LOSS) (b) SELECTED BALANCE SHEET DATA (period-end) Total assets Loans Deposits Headcount SUPPLEMENTAL INFORMATION TREASURY and CIO Investment securities gains/(losses) Available-for-sale securities (average) Held-to-maturity securities (average) (c) Investment securities portfolio (average) Available-for-sale securities (period-end) Held-to-maturity securities, net of allowance for credit losses. (period-end) (c) Investment securities portfolio, net of allowance for credit losses (period-end) (d) $ $ $ $ $ $ 2Q22 $ 17 (153) (108) (244) 324 80 28 206 (154) 20 (174) 82 $ 1,459,528 (2) 80 88 (262) (174) 2,187 13,191 (e) 40,348 (153) 252,121 418,843 670,964 220,213 441,649 661,862 $ 1Q22 $ *********** (161) (394) (345) (536) (881) (1,094) (238) (856) (944) 63 (881) (748) (108) (856) $ 1,539,844 1,957 1,434 39,802 (394) 304,314 364,814 669,128 310,909 366,585 677,494 $ $ 4Q21 $ QUARTERLY TRENDS ******** (681) (545) (819) (169) (650) (480) (65) (545) $1,518,100 1,770 396 (428) (222) (650) 38,952 52 290,590 349,989 640,579 306,352 363,707 $ 670,059 *** $ 3Q21 $ (103) (256) 117 (242) (1,054) (1,296) (7) 160 (1,449) (533) (916) (1,198) (98) (1,296) (998) 82 (916) $ 1,459,283 1,697 546 38,302 (256) 223,747 339,544 $ 563,291 249,484 343,542 593,026 $ $ $ 2Q21 $ (8) (155) (45) $ (208) (961) (1,169) (1,081) (88) $ (1,169) 49 515 (1,733) (438) (1,295) $ 1,382,653 1,530 372 (956) (339) (1,295) 37,520 (155) 342,338 240,696 583,034 230,127 341,476 $ 571,603 2Q22 Change 1Q22 NM 61% NM 29 NM NM (3) 12 86 NM 80 NM NM NM NM (143) 80 (5) 12 NM 1 61 (17) 15 (29) 20 (2) JPMORGAN CHASE & CO. 2Q21 NM 1% (140) (17) NM NM (43) (60) 91 NM 87 NM 98 NM NM 23 87 6 43 NM 8 1 (26) 74 15 (4) 29 16 $ $ 2022 SIX MONTHS ENDED JUNE 30, *1 $ (144) (547) 102 $ (589) (212) (801) $ 57 $ (1,030) 390 (1,248) (218) (660) (370) $ (1,030) $ 1,459,528 2,187 13,191 (e) (862) 61 (801) 40,348 (547) 278,073 391,978 670,051 220,213 441,649 661,862 $ $ $ $ $ 2021 $ 264 (141) 51 174 (1,816) (1,642) 65 1,391 (3,098) (951) (2,147) $ 1,382,653 1,530 372 (1,786) 144 (1,642) (1,631) (516) (2,147) (c) During 2022 and 2021, the Firm transferred $73.2 billion and $104.5 billion of investment securities, respectively, from AFS to HTM for capital management purposes. (d) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, the allowance for credit losses on investment securities was $47 million, $41 million, $42 million, $73 million and $87 million, respectively. (e) Predominantly relates to international consumer growth initiatives. 37,520 (141) 357,307 224,417 581,724 230,127 341,476 571,603 2022 Change 2021 NM (288)% 100 NM 88 51 (12) (72) 60 77 52 52 (58) 51 60 28 52 6 43 NM 8 (288) (22) 75 15 (4) 29 16 (a) Included tax-equivalent adjustments, driven by tax-exempt income from municipal bonds, of $60 million, $58 million, $60 million, $64 million and $66 million for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $118 million and $133 million for the six months ended June 30, 2022 and 2021, respectively. (b) In the first quarter of 2022, the Firm changed its methodology for allocating income taxes to the LOBS, with no impact to Firmwide net income. Prior-period amounts have been revised to conform with the current presentation. Page 23#25JPMORGAN CHASE & CO. CREDIT-RELATED INFORMATION (in millions) CREDIT EXPOSURE Consumer, excluding credit card loans (a) Loans retained Loans held-for-sale and loans at fair value Total consumer, excluding credit card loans Credit card loans Loans retained Loans held-for-sale Total credit card loans Total consumer loans Wholesale loans (b) Loans retained Loans held-for-sale and loans at fair value Total wholesale loans Total loans Derivative receivables Receivables from customers (c) Total credit-related assets Lending-related commitments Consumer, excluding credit card Credit card (d) Wholesale Total lending-related commitments Total credit exposure Memo: Total by category Consumer exposure (e) Wholesale exposure (f) Total credit exposure $ Jun 30, 2022 302,631 14,581 317,212 165,494 165,494 482,706 584,265 37,184 621,449 1,104,155 81,317 58,349 1,243,821 40,484 774,021 487,500 1,302,005 $ 2,545,826 $ 1,297,211 1,248,615 $ 2,545,826 $ Mar 31, 2022 296,161 16,328 312,489 152,283 152,283 464,772 569,953 38,560 608,513 1,073,285 73,636 68,473 1,215,394 47,103 757,283 497,232 1,301,618 $ 2,517,012 $1,269,158 1,247,854 $ 2,517,012 Dec 31, 2021 $ 295,556 27,750 323,306 154,296 154,296 477,602 560,354 39,758 600,112 1,077,714 57,081 59,645 1,194,440 45,334 730,534 486,445 (g) 1,262,313 $ 2,456,753 $ 1,253,470 1,203,283 $ 2,456,753 JPMORGAN CHASE & CO. Jun 30, 2022 Change (e) Represents total consumer loans and lending-related commitments. (f) Represents total wholesale loans, lending-related commitments, derivative receivables, and receivables from customers. (g) Prior-period amounts have been revised to conform with the current presentation. $ Sep 30, 2021 298,308 29,856 328,164 143,166 143,166 471,330 532,786 40,499 573,285 1,044,615 67,908 58,752 1,171,275 56,684 710,610 499,236 1,266,530 $ 2,437,805 $ 1,238,624 1,199,181 $ 2,437,805 (g) $ Jun 30, 2021 297,731 31,954 329,685 141,079 723 141,802 471,487 524,855 44,612 569,467 1,040,954 66,320 (g) 59,609 1,166,883 56,875 682,531 502,616 1,242,022 $ 2,408,905 $1,210,893 1,198,012 $ 2,408,905 Mar 31, 2022 2% (11) 2 9 9 4 3 (4) 2 3 10 (15) 2 (14) 2 (2) 1 2 1 Jun 30, 2021 2% (54) 17 NM 17 2 11 (17) 9 6 23 (2) 7 (29) 13 (3) 5 6 7 4 6 (a) Includes scored loans held in CCB, scored mortgage and home equity loans held in AWM, and scored mortgage loans held in CIB and Corporate. (b) Includes loans held in CIB, CB, AWM, Corporate as well as risk-rated loans held in CCB, including business banking and auto dealer loans for which the wholesale methodology is applied when determining the allowance for loan losses. (c) Receivables from customers reflect held-for-investment margin loans to brokerage clients in CIB, CCB and AWM; these are reported within accrued interest and accounts receivable on the Consolidated balance sheets. (d) Also includes commercial card lending-related commitments primarily in CB and CIB. Page 24#26JPMORGAN CHASE & CO. CREDIT-RELATED INFORMATION, CONTINUED (in millions, except ratio data) NONPERFORMING ASSETS (a)(b) Consumer nonaccrual loans Loans retained Loans held-for-sale and loans at fair value Total consumer nonaccrual loans Wholesale nonaccrual loans Loans retained Loans held-for-sale and loans at fair value Total wholesale nonaccrual loans Total nonaccrual loans (c) Derivative receivables Assets acquired in loan satisfactions Total nonperforming assets Wholesale lending-related commitments (d) Total nonperforming exposure NONACCRUAL LOAN-RELATED RATIOS (b) Total nonaccrual loans to total loans Total consumer, excluding credit card nonaccrual loans to total consumer, excluding credit card loans Total wholesale nonaccrual loans to total wholesale loans $ $ Jun 30, 2022 4,186 486 4,672 2,083 407 2,490 7,162 447 236 7,845 397 8,242 0.65 % 1.47 0.40 Mar 31, 2022 4,485 525 5,010 2,289 459 2,748 7,758 597 250 8,605 767 $ 9,372 0.72% 1.60 0.45 Dec 31, 2021 4,878 472 5,350 2,054 391 2,445 7,795 316 235 8,346 764 $ 9,110 0.72% 1.65 0.41 JPMORGAN CHASE & CO. $ Sep 30, 2021 4,911 440 5,351 2,084 808 2,892 8,243 393 246 8,882 641 $ 9,523 0.79% 1.63 0.50 $ $ Jun 30, 2021 5,183 475 5,658 2,698 716 3,414 9,072 481 249 9,802 851 10,653 0.87% 1.72 0.60 Jun 30, 2022 Change Mar 31, 2022 (7)% (7) (7) (9) (11) (9) (8) (25) (6) (9) (48) (12) Jun 30, 2021 (19)% 2 (17) (c) Generally excludes loans that were under payment deferral or other assistance, including amendments or waivers of financial covenants, in response to the COVID-19 pandemic. (d) Represents commitments that are risk rated as nonaccrual. (23) (43) (27) (21) (7) (5) (20) (53) (23) (a) At June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, nonperforming assets excluded: (1) mortgage loans 90 or more days past due and insured by U.S. government agencies of $453 million, $598 million, $623 million, $644 million and $713 million, respectively; and (2) real estate owned ("REO") insured by U.S. government agencies of $8 million, $6 million, $5 million, $5 million and $7 million, respectively. The amount of mortgage loans 90 or more days past due and insured by U.S. government agencies excluded at June 30, 2021 has been revised to conform with the current presentation. These amounts have been excluded based upon the government guarantee. In addition, the Firm's policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance. Refer to Note 12 of the Firm's 2021 Form 10-K for additional information on the Firm's credit card nonaccrual and charge-off policies. (b) At June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, nonperforming assets excluded PPP loans 90 or more days past due and insured by the SBA of $119 million, $236 million, $633 million and $5 million, respectively. These amounts have been excluded based upon the SBA guarantee. There were no PPP loans 90 or more days past due at June 30, 2021. Page 25#27JPMORGAN CHASE & CO. CREDIT-RELATED INFORMATION, CONTINUED (in millions, except ratio data) SUMMARY OF CHANGES IN THE ALLOWANCES ALLOWANCE FOR LOAN LOSSES Beginning balance Net charge-offs: Gross charge-offs Gross recoveries collected Net charge-offs Provision for loan losses Other Ending balance ALLOWANCE FOR LENDING-RELATED COMMITMENTS Beginning balance Provision for lending-related commitments Other Ending balance ALLOWANCE FOR INVESTMENT SECURITIES Total allowance for credit losses NET CHARGE-OFF/(RECOVERY) RATES Consumer retained, excluding credit card loans Credit card retained loans Total consumer retained loans Wholesale retained loans Total retained loans Memo: Average retained loans Consumer retained, excluding credit card loans Credit card retained loans Total average retained consumer loans Wholesale retained loans Total average retained loans $ 17,192 $ $ $ 2Q22 $ 1,036 (379) 657 1,230 (15) 17,750 2,358 (135) (1) 2,222 47 $ 20,019 0.04 % 1.47 0.53 0.03 0.25 $299,649 158,434 458,083 577,850 $1,035,933 $ 16,386 $ $ $ 1Q22 $ 976 (394) 582 1,368 20 17,192 2,261 96 1 2,358 41 $ 19,591 0.06 % 1.37 0.50 0.02 0.24 $ 295,460 149,398 444,858 559,395 $1,004,253 $ $ $ $ 4Q21 $ 18,150 968 (418) 550 (1,214) 2.305 (43) (1) $ 2,261 16,386 42 18,689 QUARTERLY TRENDS 0.04 % 1.28 0.45 0.03 0.22 $ 296,423 148,471 444,894 541,183 $ 986,077 $ 19,500 $ $ 3Q21 $ 2,998 (694) 1 $ $ 940 (416) 524 (819) (7) 18,150 2,305 73 20,528 (0.01)% 1.39 0.44 0.03 0.21 $ 298,019 141,371 439,390 528,979 $968,369 $ 23,001 $ $ $ 2Q21 $ 1,188 (454) 734 (2,759) (8) 19,500 2,516 481 1 2,998 87 $ 22,585 (0.04)% 2.24 0.67 0.01 0.31 $ 298,823 135,430 434,253 519,902 $ 954,155 2Q22 Change 1Q22 5% 6 4 13 (10) NM 3 4 NM NM (6) 15 2 - 633 m 1 3 JPMORGAN CHASE & Co. 2Q21 (25)% (13) 17 (10) NM (88) (9) (6) NM NM (26) (46) (11) 17 5 11 9 $ 16,386 $ 2022 $ $ $ 2,261 (39) 2,012 (773) 1,239 2,598 5 17,750 2,222 47 SIX MONTHS ENDED JUNE 30, $ 20,019 0.05% 1.42 0.52 0.03 0.24 $ 297,566 153,941 451,507 568,673 $1,020,180 $ $ $ $ $ $ 2021 28,328 2,656 (865) 1,791 (7,038) 1 19,500 2,409 588 1 2,998 87 22,585 (0.01)% 2.60 0.80 0.02 0.38 $ 300,430 134,796 435,226 517,892 $953,118 2022 Change 2021 (42)% (24) 11 (31) NM 400 (9) (6) NM NM (26) (46) (11) (1) 14 4 10 7 Page 26#28JPMORGAN CHASE & CO. CREDIT-RELATED INFORMATION, CONTINUED (in millions, except ratio data) ALLOWANCE COMPONENTS AND RATIOS ALLOWANCE FOR LOAN LOSSES Consumer, excluding credit card Asset-specific (a) Portfolio-based Total consumer, excluding credit card Credit card Asset-specific (b) Portfolio-based Total credit card Total consumer Wholesale Asset-specific (c) Portfolio-based Total wholesale Total allowance for loan losses Allowance for lending-related commitments Allowance for investment securities Total allowance for credit losses CREDIT RATIOS Consumer, excluding credit card allowance, to total consumer, excluding credit card retained loans Credit card allowance to total credit card retained loans Wholesale allowance to total wholesale retained loans Wholesale allowance to total wholesale retained loans, excluding trade finance and conduits (d) Total allowance to total retained loans Consumer, excluding credit card allowance, to consumer, excluding credit card retained nonaccrual loans (e) Total allowance, excluding credit card allowance, to retained nonaccrual loans, excluding credit card nonaccrual loans (e) Wholesale allowance to wholesale retained nonaccrual loans Total allowance to total retained nonaccrual loans $ Jun 30, 2022 (676) 2,605 1,929 227 10,173 10,400 12,329 332 5,089 5,421 17,750 2,222 47 20,019 0.64 % 6.28 0.93 0.99 1.69 46 117 260 283 Mar 31, 2022 (644) 2,538 1,894 262 9,988 10,250 12,144 485 4,563 5,048 17,192 2,358 41 $ 19,591 0.64 % 6.73 0.89 0.95 1.69 42 102 221 254 $ Dec 31, 2021 (665) 2,430 1,765 313 9,937 10,250 12,015 263 4,108 4,371 16,386 2,261 42 $ 18,689 0.60 % 6.64 0.78 0.84 1.62 36 89 213 236 JPMORGAN CHASE & CO. $ $ Sep 30, 2021 (571) 2,445 1,874 383 11,267 11,650 13,524 357 4,269 4,626 18,150 2,305 73 20,528 0.63 % 8.14 0.87 0.93 1.86 38 93 222 259 $ $ Jun 30, 2021 (557) 2,455 1,898 443 12,057 12,500 14,398 488 4,614 5,102 19,500 2,998 87 22,585 0.64 % 8.86 0.97 1.05 2.02 37 89 189 247 Jun 30, 2022 Change Mar 31, 2022 (5)% 3 2 (13) 2 1 2 (32) 12 7 3 (6) 15 2 Jun 30, 2021 (21)% 6 2 (49) (16) (17) (14) (32) 10 6 (9) (26) (46) (11) (a) Includes collateral-dependent loans, including those considered troubled debt restructurings ("TDRs") and those for which foreclosure is deemed probable, modified PCD loans, and non-collateral dependent loans that have been modified or are reasonably expected to be modified in a TDR. (b) The asset-specific credit card allowance for loan losses relates to loans that have been modified or are reasonably expected to be modified in a TDR; the Firm calculates this allowance based on the loans' original contractual interest rates and does not consider any incremental penalty rates. (c) Includes risk-rated loans that have been placed on nonaccrual status and loans that have been modified or are reasonably expected to be modified in a TDR. (d) Management uses allowance for loan losses to period-end loans retained, excluding CIB's trade finance and conduits, a non-GAAP financial measure, to provide a more meaningful assessment of the wholesale allowance coverage ratio. (e) Refer to footnote (a) on page 25 for information on the Firm's nonaccrual policy for credit card loans. Page 27#29JPMORGAN CHASE & CO. NON-GAAP FINANCIAL MEASURES JPMORGAN CHASE & CO. Non-GAAP Financial Measures (a) 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 an FTE 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. (b) Pre-provision profit is a non-GAAP financial measure which represents total net revenue less total noninterest expense. The Firm believes that this financial measure is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses. (c) TCE, ROTCE, and 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 MSRs), net of related deferred tax liabilities. ROTCE measures the Firm's net income applicable to common equity as a percentage of average TCE. TBVPS represents the Firm's TCE at period-end divided by common shares at period-end. TCE, ROTCE, and TBVPS are utilized by the Firm, as well as investors and analysts, in assessing the Firm's use of equity. (d) The ratio of the wholesale and CIB's allowance for loan losses to period-end loans retained, excluding trade finance and conduits, is calculated excluding loans accounted for at fair value, loans held-for-sale, CIB's trade finance loans and consolidated Firm-administered multi-seller conduits, as well as their related allowances, to provide a more meaningful assessment of the respective allowance coverage ratio. (e) In addition to reviewing net interest income ("NII"), net yield, 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), as shown below. 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 additional information on Markets revenue, refer to page 70 of the Firm's 2021 Form 10-K. QUARTERLY TRENDS (in millions, except rates) Net interest income - reported Fully taxable-equivalent adjustments Net interest income - managed basis (a) Less: Markets net interest income Net interest income excluding Markets (a) Average interest-earning assets Less: Average Markets interest-earning assets Average interest-earning assets excluding Markets Net yield on average interest-earning assets - managed basis Net yield on average Markets interest-earning assets Net yield on average interest-earning assets excluding Markets Noninterest revenue - reported Fully taxable-equivalent adjustments Noninterest revenue - managed basis Less: Markets noninterest revenue Noninterest revenue excluding Markets Memo: Markets total net revenue $ $ $ 2Q22 15,128 103 15,231 1,549 13,682 $3,385,894 957,304 $2,428,590 1.80 % 0.65 2.26 $ 15,587 812 $ 16,399 6,241 $ 10,158 $ 7,790 $ 13,872 98 $ 13,970 2,218 $ 11,752 1Q22 $3,401,951 963,845 $2,438,106 $ 16,845 775 $ 1.67 % 0.93 1.95 $ 17,620 6,535 11,085 $ 8,753 (a) Interest includes the effect of related hedges. Taxable-equivalent amounts are used where applicable. 4Q21 $ 13,601 108 $ 13,709 2,066 $ 11,643 $3,337,855 908,093 $2,429,762 $ 1.63 % 0.90 1.90 $ 15,656 984 $ 16,640 3,222 $ 13,418 5,288 $ 13,080 104 13,184 1,967 $ 11,217 $ 3Q21 $3,219,786 894,892 $2,324,894 $ 1.62 % 0.87 1.91 16,567 690 $ 17,257 4,302 $ 12,955 $ 6,269 $ 12,741 109 12,850 1,987 $ 10,863 $ 2Q21 $3,177,195 882,848 $2,294,347 $ $ 1.62% 0.90 1.90 17,738 807 $ 18,545 4,800 $ 13,745 6,787 2Q22 Change 1Q22 9% 5 9 (30) 16 1 1 (1) (7) 5 (7) (4) (8) (11) 2Q21 19% (6) 19 (22) 26 7 8 6 (12) 1 (12) 30 (26) 15 $ 2022 29,000 201 29,201 3,767 $ 25,434 $ $3,393,879 960,556 $2,433,323 1.74 % 0.79 2.11 $ 32,432 1,587 $ 34,019 12,776 $ 21,243 SIX MONTHS ENDED JUNE 30, $ 16,543 $ 2021 25,630 218 $ 25,848 4,210 $ 21,638 $3,152,022 874,764 $2,277,258 1.65% 0.97 1.92 $ 37,115 1,551 $38,666 11,627 $ 27,039 $ 15,837 2022 Change 2021 13 % (8) 13 (11) 18 8 10 7 (13) 2 (12) 10 (21) Page 28 4