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  "documentTitle": "J.P.Morgan | Shareholder Engagement Presentation Deck | 17 slides",
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      "text": "JPMORGAN CHASE PRE-TAX INCOME4 Pre-tax Income ($B) Pre-tax Income (ex. LLR) ($B) $70.0 $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $0.0 2019 2020 2021 2022 $47.6 $51.0 $51.1 $53.3 $38.8 $63.2 $49.7",
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            "Pre-tax Income ($B)": 38.8,
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            "Pre-tax Income ($B)": 63.2,
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      "text": "FIRM'S ANNUAL ROTCE VS. PSU PEER AVERAGE ROTCE 40% 30% 20% 10% 0% -10% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 JPM ROTCE (%) PSU Peer Average ROTCE (%) 27% 24% 33% 24% 22% 6% -5% 10% 15% 15% 15% 11% 13% 13% 13% 12% 17% 19% 14% 23% 18% 15% 14% 11% 9% 7% 8% 6% 6% 4% 11% 9% 7% 10%",
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            "JPM ROTCE (%)": 6,
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            "JPM ROTCE (%)": -5,
            "PSU Peer Average ROTCE (%)": 6
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            "year": "2012",
            "JPM ROTCE (%)": 10,
            "PSU Peer Average ROTCE (%)": 6
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            "year": "2013",
            "JPM ROTCE (%)": 15,
            "PSU Peer Average ROTCE (%)": 4
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            "year": "2014",
            "JPM ROTCE (%)": 15,
            "PSU Peer Average ROTCE (%)": 11
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            "year": "2015",
            "JPM ROTCE (%)": 15,
            "PSU Peer Average ROTCE (%)": 9
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            "year": "2016",
            "JPM ROTCE (%)": 11,
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            "year": "2017",
            "JPM ROTCE (%)": 13,
            "PSU Peer Average ROTCE (%)": 10
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            "year": "2018",
            "JPM ROTCE (%)": 13,
            "PSU Peer Average ROTCE (%)": 11
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            "JPM ROTCE (%)": 13,
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      "text": "Without the impact of our loan loss reserves, we achieved a 4% increase in pre-tax income¹ in 2022, in addition to a record result for managed revenue¹ for the fifth consecutive year which was up 6%",
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      "text": "During these three years (2020-2022), loan loss reserves introduced volatility to the Firm's reported financial performance as we built approximately $16B in reserves during the first six months of the crisis, and then released the equivalent in the next six quarters (see page 6 of Annual Report)",
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      "text": "As required by the SEC's new disclosure rules, the Firm has identified pre-tax income (ex. LLR) as one of the most important financial measures used to link 2022 executive compensation to performance (see page 77 in Proxy)",
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      "text": "Our relative CEO pay-for-performance alignment has been consistently strong and more efficient than our primary peers (as listed below)",
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      "text": "Since Mr. Dimon became CEO, deliberate investments in the Firm's long-term future have yielded annual ROTCE¹ results that have consistently outperformed that of our PSU performance group (\"PSU peers2\") by ~400 bps on average (see page 44, 51 in Proxy)",
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      "text": "In particular, the CMDC concluded that the Firm's 2022 pre-tax income excluding Loan Loss Reserves (\"ex. LLR\")¹ of $53B reflects the strength and stability of our operating performance during the three years marked by the pandemic and subsequent reopening of the global economy (see page 43 in Proxy)",
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      "text": "Among other metrics, the CMDC considered that the Firm achieved managed revenue¹ of $132.3B, which was a record for the fifth consecutive year, as well as strong net income of $37.7B and ROTCE¹ of 18%, which is among the highest of our peers.",
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      "text": "The Firm's average percentage of net income paid to Mr. Dimon continues to rank among the lowest of our peers, demonstrating our strong pay-for-performance alignment, and a more efficient CEO pay allocation ratio",
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      "text": "For additional information and footnotes, please see slide 15",
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      "text": "3-YEAR AVERAGE ANNUAL CEO PAY AS A % OF PROFITS (2020-2022)3 JPMorgan Chase 0.09% Bank of America 0.11% Citigroup 0.14% Wells Fargo 0.17% Goldman Sachs 0.18% Morgan Stanley 0.27% American Express 0.44%",
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