J.P.Morgan Results Presentation Deck
First Republic integration update
CONTINUED PROGRESS ON MIGRATION
FDIC and transaction settlement: The settlement process with the FDIC is on schedule
Branches: 21 branches left behind with the FDIC; the remaining 63 are being actively evaluated for conversion to Chase, JPM Wealth
Management or consolidation
Systems integration: Developing the full migration plan for moving onto JPMC systems and products, targeting to be substantially complete
in mid-2024
EMPLOYEE ENGAGEMENT
Onboarded -5,100 former FRC employees on July 2, 2023; 85% were invited to join the firm and 91% accepted
• Focused on getting the sales force back in the market to win back customers
CLIENT RETENTION
Strong client retention, with $6B net deposit inflows since acquisition
● Flows indicate that customers trust our balance sheet and the strength and confidence it provides
Opportunity to outperform original expectations and accelerate our affluent strategy
JPMORGAN CHASE & CO.
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