J.P.Morgan 2Q23 Investor Results
JPMORGAN CHASE & CO.
EARNINGS PER SHARE AND RELATED INFORMATION
(in millions, except per share and ratio data)
EARNINGS PER SHARE
Basic earnings per share
Net income
Less: Preferred stock dividends
Net income applicable to common equity
Less: Dividends and undistributed earnings allocated to
participating securities
Net income applicable to common stockholders
Total weighted-average basic shares outstanding
Net income per share
Diluted earnings per share
Net income applicable to common stockholders
Total weighted-average basic shares outstanding
Add: Dilutive impact of unvested performance share units
("PSUS"), nondividend-earning restricted stock units
("RSUS") and stock appreciation rights ("SARS")
Total weighted-average diluted shares outstanding
Net income per share
COMMON DIVIDENDS
Cash dividends declared per share
Dividend payout ratio
COMMON SHARE REPURCHASE PROGRAM (a)
Total shares of common stock repurchased
Average price paid per share of common stock
Aggregate repurchases of common stock
EMPLOYEE ISSUANCE
Shares issued from treasury stock related to employee
stock-based compensation awards and employee stock
purchase plans
Net impact of employee issuances on stockholders' equity (b)
$
$
$
$
$
2Q23
$
14,472
373
14,099
88
14,011
2,943.8
4.76
14,011
2,943.8
4.5
2,948.3
4.75
1.00
21 %
16.7
$ 137.20
2,293
0.5
467
$ 12,622
356
12,266
1Q23
73
$ 12,193
$
$ 12,193
2,968.5
$
2,968.5
4.11
4.2
2,972.7
4.10
1.00
24 %
22.0
$ 133.67
2.940
10.0
$ 1,028
$ 11,008
356
10,652
4Q22
54
$ 10,598
2,962.9
$ 3.58
$
$
10,598
2,962.9
4.2
2,967.1
3.57
1.00
28 %
| | |
QUARTERLY TRENDS
1.2
$ 273
$ 9,737
432
9,305
50
$ 9,255
$
$
3Q22
GA
$
2,961.2
3.13
9,255
2,961.2
4.2
$ 1.00
2,965.4
3.12
32 %
| | |
0.6
304
$
$
$
$
$
$
$
$
2Q22
8,649
410
8,239
44
8,195
2,962.2
2.77
8,195
2,962.2
4.1
2,966.3
2.76
1.00
36%
5.0
124.88
622
0.5
398
2Q23 Change
1Q23
15 %
5
15
21
15
(1)
16
15
(1)
7
(1)
16
1
(24)
3
(22)
(95)
(55)
JPMORGAN CHASE & CO.
2Q22
67%
(9)
71
100
71
(1)
72
71
(1)
10
(1)
72
1
234
10
269
17
$ 27,094
729
26,365
$
$
2023
$
$26,204
2,956.1
161
26,204
$
2,956.1
8.86
4.4
2,960.5
8.85
38.7
$ 135.19
5,233
SIX MONTHS ENDED JUNE 30,
2.00
22 %
10.5
1,495
$ 16,931
807
16,124
2022
85
$ 16,039
$
$
2,969.6
5.40
16,039
2,969.6
4.1
2,973.7
5.39
2.00
37%
23.1
$ 135.20
3,122
11.5
1,241
2023 Change
2022
60 %
(10)
64
89
63
64
63
7
64
68
68
(9)
20
(a) The Firm is authorized to purchase up to $30 billion of common shares under its current repurchase program. In the second half of 2022, as a result of the expected increases in regulatory capital requirements, the Firm temporarily suspended share repurchases. In the first quarter
of 2023, the Firm resumed repurchasing shares under its common share repurchase program.
(b) The net impact of employee issuances on stockholders' equity is driven by the cost of equity compensation awards that is recognized over the applicable vesting periods. The cost is partially offset by tax impacts related to the distribution of shares and the exercise of SARS.
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