J.P.Morgan 2Q23 Investor Results
JPMORGAN 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
2Q23
$1,432,054
$
194,450
38,959
233,409
108,000
$1,461,857
533,082
63,094
189,153
38,132
227,285
108,000
74,822
56
924
818
1,742
286
133
2,161
2,531
1,207
3,738
0.12 %
1.30
1.86
274
0.75
1Q23
$1,436,237
187,133
38,335
225,468
108,000
$1,429,662
488,767
64,016
185,572
42,569
228,141
108,000
74,352
50
832
808
1,640
291
86
2,017
2,454
1,301
3,755
0.11%
1.31
1.81
295
0.73
4Q22
$1,334,296
$
187,642
42,304
229,946
103,000
$1,384,255
406,692
77,669
182,873
42,895
225,768
103,000
73,452
7
718
848
1,566
296
87
1,949
2,292
1,448
3,740
QUARTERLY TRENDS
0.02%
1.22
1.67
319
0.68
3Q22
$1,384,618
180,604
40,357
220,961
103,000
$1,403,247
386,895
83,084
176,469
45,150
221,619
103,000
71,797
17
583
824
1,407
339
85
1,831
2,032
1,582
3,614
0.04 %
1.13
1.49
349
0.64
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
2Q23 Change
1Q23
- %
4
2
4
2
9
(1)
2
(10)
1
12
11
1
6
(2)
55
7
3
(7)
JPMORGAN CHASE & CO.
2Q22
2%
14
(15)
7
5
2
30
(25)
11
(21)
4
5
8
47
33
(3)
13
(36)
58
4
40
(11)
18
2023
$1,432,054
$
194,450
38,959
233,409
108,000
$1,445,848
511,047
63,553
187,372
40,339
227,711
108,000
74,822
106
924
818
1,742
286
133
2,161
2,531
1,207
3,738
SIX MONTHS ENDED JUNE 30,
0.11%
1.30
1.86
274
0.75
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
0.07%
1.06
1.38
260
0.71
2023 Change
2022
2%
14
(15)
7
5
2
23
(15)
13
(19)
6
5
8
83
33
(3)
13
(36)
58
4
40
(11)
18
(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 $145 million, $153 million, $104 million, $111 million and $130 million were held against these nonaccrual loans at June 30, 2023, March 31, 2023, December 31, 2022, September 30, 2022 and June 30, 2022, respectively.
(d) At June 30, 2023, March 31, 2023, December 31, 2022, September 30, 2022 and June 30, 2022, nonaccrual loans excluded mortgage loans 90 or more days past due and insured by U.S. government agencies of $76 million, $99 million, $115 million, $143 million and $196
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.
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