J.P.Morgan 4Q23 Earnings Results
JPMORGAN CHASE & CO.
CONDENSED AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS
(in millions, except rates)
AVERAGE BALANCES
ASSETS
Deposits with banks
Federal funds sold and securities purchased under resale agreements
Securities borrowed
Trading assets - debt instruments
Investment securities
Loans
All other interest-earning assets (a)
Total interest-earning assets
Trading assets - equity and other instruments
Trading assets - derivative receivables
All other noninterest-earning assets
TOTAL ASSETS
LIABILITIES
Interest-bearing deposits
Federal funds purchased and securities loaned or
sold under repurchase agreements
Short-term borrowings
Trading liabilities - debt and all other interest-bearing liabilities (b)
Beneficial interests issued by consolidated VIES
Long-term debt
Total interest-bearing liabilities
Noninterest-bearing deposits
Trading liabilities - equity and other instruments
Trading liabilities - derivative payables
All other noninterest-bearing liabilities
TOTAL LIABILITIES
Preferred stock
Common stockholders' equity
TOTAL STOCKHOLDERS' EQUITY
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
AVERAGE RATES (c)
INTEREST-EARNING ASSETS
Deposits with banks
Federal funds sold and securities purchased under resale agreements
Securities borrowed
Trading assets - debt instruments
Investment securities
Loans
All other interest-earning assets (a)
Total interest-earning assets
INTEREST-BEARING LIABILITIES
Interest-bearing deposits
Federal funds purchased and securities loaned or
sold under repurchase agreements
Short-term borrowings
Trading liabilities - debt and all other interest-bearing liabilities (b)
Beneficial interests issued by consolidated VIES
Long-term debt
Total interest-bearing liabilities
INTEREST RATE SPREAD
NET YIELD ON INTEREST-EARNING ASSETS
Memo: Net yield on interest-earning assets excluding Markets (d)
$
4Q23
540,040
319,056
200,369
374,254
579,450
1,315,439
79,787
3,408,395
144,642
62,069
270,526
$ 3,885,632
$ 1,713,189
254,211
37,941
287,443
23,133
325,843
2,641,760
658,912
34,176
42,447
186,871
3,564,166
27,404
294,062
321,466
$ 3,885,632
4.79 %
5.26
4.59
4.39
3.53
6.97
10.10
5.53
2.78
5.51
5.55
3.58
5.36
5.33
3.50
2.03
2.81
3.86
$
3Q23
456,954
309,848
188,279
383,576
606,593
1,306,322
80,156
3,331,728
173,998
66,972
267,079
$ 3,839,777
$ 1,694,758
254,105
37,837
288,007
21,890
315,267
2,611,864
660,983
29,508
46,754
178,466
3,527,575
27,404
284,798
312,202
$ 3,839,777
4.58 %
5.06
4.39
4.32
3.23
6.79
9.42
5.32
2.53
5.50
5.38
3.39
5.38
5.33
3.32
2.00
2.72
3.89
$
2Q23
QUARTERLY TRENDS
495,018
326,563
191,393
391,945
611,552
1,238,237
89,072
3,343,780
169,558
63,339
274,711
$ 3,851,388
$ 1,715,699
263,718
35,335
293,269
15,947
294,239
2,618,207
671,715
28,513
46,934
180,730
3,546,099
27,404
277,885
305,289
$ 3,851,388
4.20 %
4.63
3.91
4.12
3.01
6.59
8.85
5.01
2.24
5.17
4.87
3.25
4.95
5.28
3.04
1.97
2.62
3.83
$
1Q23
505,662
313,187
192,843
357,682
622,050
1,129,624
95,709
3,216,757
152,081
64,526
276,613
$ 3,709,977
$ 1,670,036
252,310
38,763
277,576
13,483
249,336
2,501,504
650,443
29,769
49,357
180,303
3,411,376
27,404
271,197
298,601
$ 3,709,977
3.87 %
4.06
3.61
4.15
2.79
6.37
7.50
4.68
1.85
4.51
4.40
2.88
4.43
5.39
2.64
2.04
2.63
3.80
4Q22
$ 595,631
306,173
192,412
302,825
625,388
1,126,002
116,640
3,265,071
126,138
78,476
285,586
$ 3,755,271
$ 1,695,233
247,934
39,843
256,533
12,312
246,978
2,498,833
684,921
35,415
56,988
191,929
3,468,086
28,415
258,770
287,185
$ 3,755,271
3.14 %
2.95
2.84
3.75
2.36
5.83
5.76
4.03
1.37
3.15
3.60
2.38
3.74
4.87
2.04
1.99
2.47
3.41
4Q23 Change
3Q23
18%
3
6
(2)
(4)
1
|
(17)
1
1
• wo | | |
1
16
5
1
- ww1.
JPMORGAN CHASE & CO.
FULL YEAR
4Q22
w@Run8寸9P+一隻
(9)%
1
W NAF W WB WENG
(26)
2023
$ 499,396
317,159
193,228
376,928
604,800
1,248,076
86,121
3,325,708
160,087
64,227
272,202
$ 3,822,224
$ 1,698,529
256,086
37,468
286,605
18,648
296,433
2,593,769
660,538
30,501
46.355
181,601
3,512,764
27,404
282,056
309,460
$ 3,822,224
4.36 %
4.75
4.13
4.25
3.13
6.70
8.90
5.14
2.36
5.18
5.05
3.28
5.11
5.33
3.14
2.00
2.70
3.85
2022
$ 670,773
307,150
205,516
283,108
653,985
1,100,318
128,229
3,349,079
140,778
78,606
285,077
$ 3,853,540
$ 1,748,666
242,762
46,063
268,019
11,208
250,080
2,566,798
719,249
39,155
57,388
185,989
3,568,579
31,893
253,068
284,961
$ 3,853,540
1.35 %
1.51
1.09
3.21
1.77
4.81
2.93
2.78
0.58
1.53
1.62
1.21
2.02
3.23
1.02
1.76
2.00
2.60
(a) Includes brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets, which are classified in other assets, on the Consolidated Balance Sheets.
(b) All other interest-bearing liabilities include brokerage-related customer payables.
(c) Interest includes the effect of related hedging derivatives. Taxable-equivalent amounts are used where applicable.
(d) Net yield on interest-earning assets excluding Markets is a non-GAAP financial measure. Refer to page 29 for further discussion of this measure.
2023 Change
2022
(26)%
3
©‚®º®¤‡ ˆ®€ 20 - €
(18)
Page 6View entire presentation