J.P.Morgan Results Presentation Deck
JPMORGAN CHASE & CO.
CORPORATE & INVESTMENT BANK
FINANCIAL HIGHLIGHTS
(in millions, except ratio data)
INCOME STATEMENT
REVENUE
Investment banking fees
Principal transactions
Lending- and deposit-related fees
Asset management, administration and commissions
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)
FINANCIAL RATIOS
ROE
Overhead ratio
Compensation expense
REVENUE BY BUSINESS
Investment Banking
Payments
Lending
Total Banking
Fixed Income Markets
Equity Markets
Securities Services
percentage of total net revenue
Credit Adjustments & Other (c)
Total Markets & Securities Services
TOTAL NET REVENUE
$
$
$
$
2Q22
1,650
5,048
641
1,330
80
8,749
3,198
11,947
59
3,510
3,235
6,745
5,143
1,418
3,725
14 %
56
29
1,351
1,463
410
3,224
4,711
3,079
1,151
(218)
8,723
11,947
$
1Q22
2,050
5,223
641
1,339
704
9,957
3,572
13,529
445
4,006
3,292
7,298
5,786
1,401
$ 4,385
17%
54
30
$ 2,057
1,854
321
4,232
5,698
3,055
1,068
(524)
9,297
$ 13,529
$
$
4Q21
3,502
2,116
654
1,252
624
8,148
3,386
11,534
(126)
2,358
3,469
5,827
5,833
1,290
4,543
21% (b)
51
20
$ 3,206
1,801
263
5,270
3,334
1,954
1,064
(88)
QUARTERLY TRENDS
6,264
$ 11,534
$
$
$
3Q21
3,297
3,577
634
1,240
313
9,061
3,335
12,396
(638)
2,827
3,044
5,871
7,163
1,516
5,647
26 %
47
23
3,025
1,624
244
4,893
3,672
2,597
1,126
108
7,503
$ 12,396
$
$
$
2Q21
3,572
4,026
633
1,246
435
9,912
3,302
13,214
(79)
3,582
2,941
6,523
6,770
1,750
5,020
23 %
49
27
3,424
1,453
229
5,106
4,098
2,689
1,088
233
8,108
$ 13,214
2Q22 Change
1Q22
(20)%
(3)
(1)
(89)
(12)
(10)
(12)
(87)
(12)
(2)
(8)
(11)
1
(15)
(34)
(21)
28
(24)
(17)
1
8
58
(6)
(12)
JPMORGAN CHASE & CO.
2Q21
(54)%
25
1
7
(82)
(12)
(3)
(10)
NM
(2)
10
3
(24)
(19)
(26)
(61)
1
79
(37)
15
15
6
NM
8
(10)
$
$
$
2022
3,700
10,271
1,282
2,669
784
18,706
6,770
25,476
504
7,516
6,527
14,043
10,929
2,819
8,110
SIX MONTHS ENDED JUNE 30,
15 %
55
30
3,408
3,317
731
7,456
10,409
6,134
2,219
(742)
18,020
$ 25,476
$
2021
$
6,560
10,071
1,226
2,532
611
21,000
6,819
27,819
(410)
7,911
5,716
13,627
14,602
3,658
$ 10,944
26% (b)
49
28
6,275
2,845
494
9,614
9,859
5,978
2,138
230
18,205
$ 27,819
2022 Change
2021
(44)%
2
5
5
28
(11)
(1)
(8)
NM
(5)
14
3
(25)
(23)
(26)
(46)
17
48
(22)
6
3
4
NM
(1)
(8)
(a) Includes tax-equivalent adjustments, predominantly due to income tax credits related to alternative energy investments; income tax credits and amortization of the cost of investments in affordable housing projects; as well as tax-exempt income from municipal bonds of
$772 million, $737 million, $923 million, $641 million and $763 million for the three months ended June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021, respectively, and $1.5 billion for both the six months ended June 30, 2022 and 2021.
(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) Consists primarily of centrally managed credit valuation adjustments ("CVA"), funding valuation adjustments ("FVA") on derivatives, other valuation adjustments, and certain components of fair value option elected liabilities. Results are presented net of associated hedging
activities and net of CVA and FVA amounts allocated to Fixed Income Markets and Equity Markets.
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