J.P.Morgan 2Q23 Investor Results

JPMORGAN CHASE & CO. RECONCILIATION FROM REPORTED TO MANAGED BASIS (in millions, except ratios) JPMORGAN CHASE & CO. The Firm prepares its Consolidated Financial Statements using accounting principles generally accepted in the U.S. ("U.S. GAAP"). That presentation, which is referred to as "reported" basis, provides the reader with an understanding of the Firm's results that can be tracked consistently from year-to-year and enables a comparison of the Firm's performance with other companies' U.S. GAAP financial statements. In addition to analyzing the Firm's results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a "managed" basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. Refer to the notes on Non-GAAP Financial Measures on page 29 for additional information on managed basis. The following summary table provides a reconciliation from reported U.S. GAAP results to managed basis. OTHER INCOME Other income - reported Fully taxable-equivalent adjustments (a) Other income - managed TOTAL NONINTEREST REVENUE Total noninterest revenue reported Fully taxable-equivalent adjustments Total noninterest revenue managed NET INTEREST INCOME Net interest income - reported Fully taxable-equivalent adjustments (a) Net interest income-managed TOTAL NET REVENUE Total net revenue - reported Fully taxable-equivalent adjustments Total net revenue - managed PRE-PROVISION PROFIT Pre-provision profit - reported Fully taxable-equivalent adjustments Pre-provision profit - managed INCOME BEFORE INCOME TAX EXPENSE Income before income tax expense reported Fully taxable-equivalent adjustments Income before income tax expense managed INCOME TAX EXPENSE Income tax expense - reported Fully taxable-equivalent adjustments Income tax expense - managed OVERHEAD RATIO Overhead ratio - reported Overhead ratio - managed (a) Predominantly recognized in CIB, CB and Corporate. $ $ $ $ $ $ 21,779 104 $ 21,883 $ $ 41,307 1,094 42,401 $ $ $ 2Q23 $ 3,292 990 4,282 $ 19,528 990 20,518 20,485 1,094 21,579 17,586 1,094 18,680 3,114 1,094 4,208 50 % 49 $ $ $ $ $ $ $ $ $ 1Q23 $ 1,007 867 1,874 $ 17,638 867 18,505 20,711 120 20,831 18,242 987 $ 19,229 38,349 987 39,336 $ 15,967 987 16,954 3,345 987 $ 4,332 52 % 51 $ 1,392 898 2,290 $ $ 14,355 898 $ 15,253 $ $ $ 34,547 1,019 $ 35,566 $ $ 4Q22 $ $ $ 20,192 121 20,313 15,525 1,019 16,544 13,237 1,019 14,256 2,229 1,019 3,248 QUARTERLY TRENDS 55 % 53 $ $ $ $ $ $ $ $ $ $ $ $ 3Q22 $ 13,538 775 14,313 $ 900 663 1,563 15,198 663 15,861 17,518 112 17,630 32,716 775 33,491 12,001 775 12,776 2,264 775 3,039 59 % 57 $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2Q22 540 812 1,352 15,587 812 16,399 15,128 103 15,231 30,715 915 31,630 11,966 915 12,881 10,865 915 11,780 2,216 915 3,131 61 % 59 2Q23 Change 1Q23 227 % 14 128 11 14 11 5 (13) 5 8 11 8 12 11 12 10 11 10 (7) 11 (3) 2Q22 NM 22 217 25 22 25 44 1 44 34 20 34 71 20 68 62 20 59 41 20 34 $ $ $ $ $ $ $ $ $ $ $ 79,656 2,081 $ 81,737 $ 2023 $ SIX MONTHS ENDED JUNE 30, 4,299 1,857 6,156 37,166 1,857 39,023 42,490 224 42,714 38,727 2,081 40,808 33,553 2,081 35,634 6,459 2,081 8,540 51 % 50 $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2022 2,030 1,587 3,617 32,432 1,587 34,019 29,000 201 29,201 61,432 1,788 63,220 23,492 1,788 25,280 20,928 1,788 22,716 3,997 1,788 5,785 62 % 60 2023 Change 2022 112 % 17 70 15 17 15 47 11 46 30 16 29 65 16 61 60 16 57 62 16 48 Page 7

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