J.P.Morgan 4Q23 Earnings Results

JPMORGAN CHASE & CO. CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED (in millions, except ratios, employee data and where otherwise noted) 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 Employees (a) 95% CONFIDENCE LEVEL - TOTAL VAR Average VaR (b) LINE OF BUSINESS NET REVENUE (c) Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate TOTAL NET REVENUE LINE OF BUSINESS NET INCOME/(LOSS) Consumer & Community Banking Corporate & Investment Bank Commercial Banking Asset & Wealth Management Corporate NET INCOME MEMO: SELECTED FIRMWIDE METRICS Wealth Management (d) Client assets (in billions) Numbe ent advis J.P.Morgan Payments (e) Total net revenue Merchant processing volume (in billions) Average deposits (in billions) $3,875,393 410,093 211,123 702,490 1,323,706 643,748 1,303,100 23,097 430,743 2,400,688 $ 4Q23 $ $ $ $ 391,825 (f) 300,474 327,878 55 % 309,926 35 18,097 10,958 4,016 5,095 1,777 39,943 4,788 2,524 1,653 1,217 (875) 9,307 3,177 8,971 4,557 639 730 $3,898,333 408,769 196,935 704,355 1,310,059 3Q23 651,240 1,295,609 22,410 410,267 2,379,526 $ $ 362,793 289,967 317,371 55 % (g) $ 308,669 $ 18,362 11,730 4,031 41 5,005 1,558 $ 40,686 5,895 3,092 1,935 1,417 812 $13,151 2,929 8,867 4,504 610 702 (f) (h) (g) $3,868,240 2Q23 408,204 191,348 700,517 1,300,069 656,778 1,311,893 24,268 406,023 2,398,962 $ $ 364,078 (f) 285,112 312,516 54% 300,066 47 17,233 12,519 3,988 4,943 3,718 $ 42,401 5,306 4,092 1,208 1,226 2,640 $ 14,472 QUARTERLY TRENDS 2,862 8,367 4,729 600 720 $3,744,305 311,433 180,079 637,384 1,128,896 1Q23 663,772 1,290,614 25,071 397,796 2,377,253 295,489 275,678 303,082 $ $ 47 % (g) $ 296,877 $ 16,456 13,600 3,511 4,784 985 $ 39,336 47 5,243 4,421 1,347 1,367 244 $12,622 2,594 8,31. 4,458 559 707 $3,665,743 311,375 185,175 639,097 1,135,647 644,902 1,276,346 4Q22 27,005 391,926 2,340,179 295,865 264,928 292,332 $ $ $ $ 49 % $ 15,793 (1) 10,598 3,404 (1) 4,588 1,183 $ 35,566 293,723 61 4,556 3,314 1,423 1,134 581 11,008 2,438 8,166 4,423 583 732 On May 1, 2023, JPMorgan Chase acquired certain assets and assumed certain liabilities of First Republic Bank from the FDIC. Refer to page 30 for additional information. (a) This metric, which was formerly Headcount, has been renamed Employees but otherwise unchanged. (b) Refer to Corporate & Investment Bank VaR on page 18 for further information. 4Q23 Change 3Q23 (1)% 7 1 (1) 1 35-00 +3 1 8 4 T (15) (1) (7) 2 14 (2) (19) (18) (15) (14) NM (29) 8 1 1 5 4 (c) Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis. (d) Consists of Global Private Bank in AWM and client investment assets in J.P.Morgan Wealth Management in CCB. (e) Predominantly in CIB and CB. Total net revenue includes certain revenues that are reported as investment banking product revenue in CB, excludes the net impact of equity investments. 4Q22 6% 32 14 10 17 2 (14) 10 JPMORGAN CHASE & CO. 3 32 13 12 6 (43) 15 3 18 11 50 12 5 (24) 16 7 NM (15) 30 10 3 10 2023 $3,875,393 410,093 211,123 702,490 1,323,706 643,748 1,303, 100 23,097 430,743 2,400,688 391,825 (f) 300,474 327,878 $ 55 % 309,926 $ 70,148 48,807 15,546 19,827 8,038 $ 162,366 $ 21,232 14,129 6,143 5,227 2,821 49,552 3,177 8,971 18,248 2,408 715 FULL YEAR 2022 $3,665,743 311,375 185, 175 639,097 1,135,647 644,902 1,276,346 27,005 391,926 2,340,179 295,865 264,928 292,332 49% 293,723 $ 54,814 (1) 48,102 (i) 11,533 17,748 80 $ 132,277 $ 14,916 14,925 4,213 4,365 (743) $ 37,676 (g) $ 2,438 8,166 13,909 2,158 779 2023 Change 2022 6% 32 14 10 17 2 (14) 10 3 32 13 12 6 28 1 35 12 NM 23 42 (5) 46 20 NM 32 30 10 31 12 (8) (f) Included a five-year $50 billion Purchase Money Note issued to the FDIC, as well as Federal Home Loan Bank ("FHLB") advances associated with the First Republic acquisition. (g) At December 31, 2023, September 30, 2023, and June 30, 2023, included $144.6 billion, $140.6 billion, and $150.9 billion of client investment assets associated with First Republic, respectively. (h) Included 4,774 individuals associated with First Republic who became employees effective July 2, 2023. (i) In the first quarter of 2023, the allocations of revenue and expense to CCB associated with a Merchant Services revenue sharing agreement were discontinued and are now retained in Payments in CIB. Prior-period amounts have been revised to conform with the current presentation. Page 3

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