J.P.Morgan Results Presentation Deck
JPMORGAN 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 before income tax expense
Income tax expense (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
$
$
$
$
$
3Q22
$
288
548
836
2,212
3,048
618
577
603
1,180
1,250
304
946
1,176
1,568
274
30
3,048
761
$ 1,366
1,052
624
6
3,048
14 %
39
$
$
$
$
2Q22
$
348
556
904
1,779
2,683
209
559
597
1,156
1,058
1,205
282
138
$ 2,683
1,318
324
994
788
1,169
927
590
(3)
2,683
15 %
43
$
$
$
$
$
$
$
1Q22
364
503
867
1,531
2,398
157
553
576
1,129
QUARTERLY TRENDS
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)
1,151
949
475
37
$ 2,612
496
563
1,059
1,642
408
1,234
1,456
1,062
928
614
8
$ 2,612
19% (b)
41
$
$
$
$
3Q21
$
355
633
988
1,532
2,520
442
$ 1,409
(363)
511
521
1,032
1,851
1,138
947
416
19
2,520
1,343
1,017
878
602
23
$ 2,520
22%
41
3Q22 Change
2Q22
(17)%
(1)
(8)
24
14
196
3
1
2
(5)
(6)
(5)
11
30
(3)
(78)
14
(3)
17
13
6
NM
14
JPMORGAN CHASE & Co.
3Q21
(19)%
(13)
(15)
44
21
NM
13
16
14
(32)
(31)
(33)
3
66
(34)
58
21
(43)
34
20
4
(74)
21
$
$
$
$
$
$
NINE MONTHS ENDED SEPTEMBER 30,
2022
1,000
1,607
2,607
5,522
8,129
984
1,689
1,776
3,465
3,680
890
2,790
3,339
3,754
816
220
8,129
2,278
3,515
2,809
1,795
10
8,129
14 %
43
$
$
$
$
$
$
$
2021
1,036
1,819
2,855
4,541
7,396
(858)
1,477
1,505
2,982
5,272
1,260
4,012
3,478
2,704
1,136
78
7,396
3,636
2,942
2,580
1,805
69
7,396
21 %
40
2022 Change
2021
(3)%
(12)
(9)
22
10
NM
14
18
16
(30)
(29)
(30)
(4)
39
(28)
182
10
(37)
19
9
(1)
(86)
10
(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 $80 million, $73 million, $69 million, $99 million and $80 million for the three months ended September 30, 2022, June 30, 2022, March 31, 2022, December 31, 2021 and September 30, 2021, respectively, and $222 million and $231 million for the nine months ended
September 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.
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