J.P.Morgan 4Q23 Earnings Results
JPMORGAN CHASE & CO.
ASSET & WEALTH MANAGEMENT
FINANCIAL HIGHLIGHTS
(in millions, except ratio and employee data)
INCOME STATEMENT
REVENUE
Asset management fees
Commissions and other fees
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
NET INCOME
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
Employees
Number of Global Private Bank client advisors
$
$
$
$
4Q23
3,137
153
148 (a)
3,438
1,657 (a)
5,095
(1) (a)
1,857
1,531
3,388 (a)
1,708
491
1,217
2,403
2,692 (a)
5,095
28 %
66
29
37
34
28,485
3,515
(a) Includes First Republic. Refer to page 30 for additional information.
(b) Prior-period amounts have been revised to conform with the current presentation.
$
$
$
FA
$
3Q23
2,975 (b) $
190 (b)
266 (a)
3,431
1,574
5,005
(13) (a)
1,777
1,361
3,138
1,880
463
1,417
2,164
2,841 (a)
5,005
32 %
63
29
44
38
28,083
3,443
$
$
2Q23
2,932 (b)
$
194 (b)
232 (a)
3,358
1,585 (a)
4,943
QUARTERLY TRENDS
145 (a)
1,746
1,417
3,163
1,635
409
1,226
2,128
2,815 (a)
4,943
29 %
64
27
37
33
26,931
3,214
$
$
$
1Q23
2,782 (b) $
160 (b)
391
3,333
1,451
4,784
28
1,735
1,356
3,091
1,665
298
1,367
2,434
2,350
4,784
34 %
65
37
33
35
26,773
3,189
$
$
4Q22
2,825
151
82
3,058
1,530
4,588
32
1,649
1,373
3,022
1,534
400
1,134
2,158
2,430
4,588
26 %
66
27
39
33
26,041
3,137
4Q23 Change
3Q23
5%
(19)
(44)
5
2
92
CÔNG
(14)
11
(5)
2
1
2
JPMORGAN CHASE & Co.
4Q22
11%
1
80
12
8
11
NM
13
12
12
11
23
7
11
11
11
9
12
$
$
$
$
2023
11,826
697
1,037 (a)
13,560
6,267 (a)
19,827
159 (a)
7,115
5,665
12,780
6,888
1,661
5,227
9,129
10,698 (a)
19,827
31 %
64
31
38
35
28,485
3,515
$
$ 11,510 (b)
662 (b)
335
$
FULL YEAR
$
2022
12,507
5,241
17,748
128
6,336
5,493
11,829
5,791
1,426
4,365
8,818
8,930
17,748
25 %
67
30
35
33
26,041
3,137
2023 Change
2022
3%
5
210
8
20
12
24
12
3
8
19
16
20
4
20
12
9
12
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