J.P.Morgan 2Q23 Investor Results
JPMORGAN 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
Total Loss-Absorbing Capacity ("TLAC")
Eligible external TLAC
MEMO: CET1 CAPITAL ROLLFORWARD
Standardized/Advanced CET1 capital, beginning balance
Net income applicable to common equity
Dividends declared on common stock
Net purchase of treasury stock
Changes in additional paid-in capital
Changes related to AOCI applicable to capital:
Unrealized gains/(losses) on investment securities
Translation adjustments, net of hedges
Fair value hedges
Defined benefit pension and other postretirement employee
benefit plans
Changes related to other CET1 capital adjustments
Change in Standardized/Advanced CET1 capital
Standardized/Advanced CET1 capital, ending balance
Jun 30,
2023
$ 235,832
262,529
295,265
1,710,780
13.8% (c)
15.3
17.3
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$ 235,832 (c)
262,529 (c)
281,909
1,697,807
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13.9% (c)
15.5
16.6 (c)
(c)
$3,796,523 (c)
6.9% (c)
$ 227,144
14,099
(2,948)
(2,268)
423
$4,492,311 (c)
5.8 % (c)
757
70
11
$493,718 (c)
Mar 31,
2023
$ 227,144
253,837
286,398
1,647,363
13.8 %
15.4
17.4
$ 227,144
253,837
273,122
1,633,774
13.9%
15.5
16.7
$3,656,598
6.9 %
$4,327,863
5.9 %
$ 488,245
$218,934
12,266
(2,963)
(2,036)
111
2,212
197
(21)
(6)
(55)
(1,501)
(1,450) (c)
8,688 (c)
8,210
235,832 (c) $227,144
Dec 31,
2022
$218,934
245,631
277,769
1,653,538
13.2 %
14.9
16.8
$ 218,934
245,631
264,583
1,609,773
13.6 %
15.3
16.4
$3,703,873
6.6 %
$4,367,092
5.6 %
$ 486,044
$ 209,661
10,652
(2,972)
96
179
1,865
711
(101)
(324)
(833)
9,273
218,934
Sep 30,
2022
$ 209,661
236,363
268,076
1,678,498
12.5 %
14.1
16.0
$ 209,661
236,363
256, 157
1,609,968
13.0 %
14.7
15.9
$3,791,804
6.2 %
$4,460,636
5.3 %
$ 473,241
$207,436
9,305
(2,974)
58
251
(2,145)
(581)
38
(1,004)
(723)
2,225
$209,661
Jun 30,
2022
$207,436
239,705
268,339
1,704,893
12.2 %
14.1
15.7
$207,436
239,705
257,329
1,613,210
12.9 %
14.9
16.0
$3,861,979
6.2 %
$4,563,099
5.3 %
$ 466,715
$ 207,903
8,239
(2,971)
(576)
354
(4,031)
(679)
51
20
(874)
(467)
$207,436
Jun 30, 2023
Change
Mar 31,
2023
4%
3
3
4
433
3
4
4
4
1
4
15
1
(11)
281
(66)
(64)
NM
89
3
6
4
JPMORGAN CHASE & Co.
Jun 30,
2022
14%
10
10
14
10
10
5
(2)
(2)
6
9
71
1
(294)
19
NM
NM
(78)
NM
(66)
NM
14
2023
SIX MONTHS ENDED JUNE 30,
$ 218,934
26,365
(5,911)
(4,304)
534
2,969
267
(10)
$
(61)
(2,951) (c)
16,898 (c)
235,832 (c) $
2022
213,942
16,124
(5,947)
(2,075)
199
(11,484)
(741)
161
87
(2,830)
(6,506)
207,436
2023 Change
2022
2%
64
1
(107)
168
NM
NM
NM
NM
(4)
NM
14
(a) The capital metrics reflect the CECL capital transition provisions. Beginning January 1, 2022, the $2.9 billion CECL capital benefit is being phased out at 25% per year over a three-year period. As of June 30, 2023 and March 31, 2023, CET1 capital reflected the remaining $1.4
billion CECL benefit; as of December 31, 2022, September 30, 2022 and June 30, 2022, CET1 capital reflected a $2.2 billion benefit. Refer to Capital Risk Management on pages 36-41 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 and
pages 86-96 of the Firm's 2022 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) Estimated.
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