{ "docId": "019de517-d3ff-720c-825b-d916924a3058", "docSlug": "5c0642dcceac15f29664c3242bd11740", "documentTitle": "J.P.Morgan | Results Presentation Deck | 31 slides", "authorId": "j-p-morgan", "authorName": "JPMorgan Chase & Co.", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-01-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 8, "pageCount": 31, "prevPage": 7, "nextPage": 9, "slideType": "comparison_table", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 240, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de517-d3ff-720c-825b-d916924a3058/8", "deckHref": "/decks/019de517-d3ff-720c-825b-d916924a3058", "deckJsonHref": "/decks/019de517-d3ff-720c-825b-d916924a3058.json", "deckAnchorHref": "/decks/019de517-d3ff-720c-825b-d916924a3058#slide-8", "components": [ { "bbox": { "h": 0.079, "w": 0.94, "x": 0.03, "y": 0.133 }, "kind": "paragraph", "text": "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.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a9d0a162-0179-4147-9cb7-78fae8cd0a69", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.66, "x": 0.03, "y": 0.209 }, "kind": "paragraph", "text": "The following summary table provides a reconciliation from reported U.S. GAAP results to managed basis.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c038de75-95f7-45b5-a5f2-39879bd3466c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.04, "x": 0.906, "y": 0.96 }, "kind": "source-note", "text": "Page 7", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "23951b93-f0a0-4433-b2d1-8704070c026e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.35, "x": 0.03, "y": 0.847 }, "kind": "source-note", "text": "(a) Predominantly recognized in CIB, CB and Corporate.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8cace30a-2d2f-4930-b1ec-9577e2903d3a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.63, "w": 0.94, "x": 0.029, "y": 0.229 }, "kind": "table", "text": "QUARTERLY TRENDS\n4Q23\n3Q23\n2Q23\n1Q23\n4Q22\n4Q23 Change\n3Q23\n4Q22\nFULL YEAR\n2023\n2023 Change\n2022\n2022\nOTHER INCOME\nOther income - reported\n$ 696\n$ 614\n$ 3,292\n$ 1,007\n$ 1,392\n13 %\n(50)%\n$ 5,609\n$ 4,322\n30%\nFully taxable-equivalent adjustments (a)\n1,243\n682\n990\n867\n898\n82\n38\n3,782\n3,148\n20\nOther income - managed\n$ 1,939\n$ 1,296\n$ 4,282\n$ 1,874\n$ 2,290\n50\n(15)\n$ 9,391\n$ 7,470\n26\nTOTAL NONINTEREST REVENUE\nTotal noninterest revenue - reported\n$ 14,523\n$ 17,148\n$ 19,528\n$ 17,638\n$ 14,355\n(15)\n1\n$ 68,837\n$ 61,985\n11\nFully taxable-equivalent adjustments\n1,243\n682\n990\n867\n898\n82\n38\n3,782\n3,148\n20\nTotal noninterest revenue - managed\n$ 15,766\n$ 17,830\n$ 20,518\n$ 18,505\n$ 15,253\n(12)\n3\n$ 72,619\n$ 65,133\n11\nNET INTEREST INCOME\nNet interest income - reported\n$ 24,051\n$ 22,726\n$ 21,779\n$ 20,711\n$ 20,192\n6\n19\n$ 89,267\n$ 66,710\n34\nFully taxable-equivalent adjustments (a)\n126\n130\n104\n120\n121\n(3)\n4\n480\n434\n11\nNet interest income managed\n$ 24,177\n$ 22,856\n$ 21,883\n$ 20,831\n$ 20,313\n6\n19\n$ 89,747\n$ 67,144\n34\nTOTAL NET REVENUE\nTotal net revenue - reported\n$ 38,574\n$ 39,874\n$ 41,307\n$ 38,349\n$ 34,547\n(3)\n12\n$ 158,104\n$ 128,695\n23\nFully taxable-equivalent adjustments\n1,369\n812\n1,094\n987\n1,019\n69\n34\n4,262\n3,582\n19\nTotal net revenue - managed\n$ 39,943\n$ 40,686\n$ 42,401\n$ 39,336\n$ 35,566\n(2)\n12\n$ 162,366\n$ 132,277\n23\nPRE-PROVISION PROFIT\nPre-provision profit - reported\n$ 14,088\n$ 18,117\n$ 20,485\n$ 18,242\n$ 15,525\n(22)\n(9)\n$ 70,932\n$ 52,555\n35\nFully taxable-equivalent adjustments\n1,369\n812\n1,094\n987\n1,019\n69\n34\n4,262\n3,582\n19\nPre-provision profit - managed\n$ 15,457\n$ 18,929\n$ 21,579\n$ 19,229\n$ 16,544\n(18)\n(7)\n$ 75,194\n$ 56,137\n34\nINCOME BEFORE INCOME TAX EXPENSE\nIncome before income tax expense reported\n$ 11,326\n$ 16,733\n$ 17,586\n$ 15,967\n$ 13,237\n(32)\n(14)\n$ 61,612\n$ 46,166\n33\nFully taxable-equivalent adjustments\n1,369\n812\n1,094\n987\n1,019\n69\n34\n4,262\n3,582\n19\nIncome before income tax expense managed\n$ 12,695\n$ 17,545\n$ 18,680\n$ 16,954\n$ 14,256\n(28)\n(11)\n$ 65,874\n$ 49,748\n32\nINCOME TAX EXPENSE\nIncome tax expense reported\n$ 2,019\n$ 3,582\n$ 3,114\n$ 3,345\n$ 2,229\n(44)\n(9)\n$ 12,060\n$ 8,490\n42\nFully taxable-equivalent adjustments\n1,369\n812\n1,094\n987\n1,019\n69\n34\n4,262\n3,582\n19\nIncome tax expense managed\n$ 3,388\n$ 4,394\n$ 4,208\n$ 4,332\n$ 3,248\n(23)\n4\n$ 16,322\n$ 12,072\n35\nOVERHEAD RATIO\nOverhead ratio - reported\n63 %\n55%\n50 %\n52 %\n55 %\n55 %\n59%\nOverhead ratio - managed\n61\n53\n49\n51\n53\n54\n58", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "abd108fa-0cf4-4701-a258-40d5777c73e4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.406, "x": 0.045, "y": 0.079 }, "kind": "title", "text": "RECONCILIATION FROM REPORTED TO MANAGED BASIS", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d8c912dc-e225-4db9-a739-71e40c3c238e", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 10, "from": 5, "beatId": "55877764-c4be-4ff5-9a23-7ff191cbbd08", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Need", "beatSlug": "monroes-sequence-need", "evidence": "The presentation then delves into detailed financial information to address investor needs", "position": 1, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "loops": [ { "to": 10, "from": 3, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "726518d5-5c3f-4146-b858-eb5e6a1b5116", "evidence": "The presentation walks through a logical sequence of financial data and metrics", "position": 0, "objective": "Understand financial performance", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... 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