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  "documentTitle": "J.P.Morgan | Results Presentation Deck | 20 slides",
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  "authorName": "JPMorgan Chase",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-01-01 00:00:00",
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  "pageNumber": 14,
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      "text": "ADJUSTED EXPENSE¹ ($B) 2023: $85.7 (FDIC SA $2, Corp. $2, AWM $13, CB $5, CIB $28, CCB $35). 4Q23 annualized (ex. FDIC SA): ~$86 ($21.43 for Q1-Q4). 2024: ~$90 (Corp. $2, AWM $14, CB $6, CIB $29, CCB $38).",
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      "text": "2024 DRIVERS: Business-growth-driven hiring, primarily in front office; Increase in technology spend associated with investments and higher business volumes, net of efficiencies; Continued investments in the business (Marketing, Bankers, Advisors & Branches); Higher market-dependent volume- and revenue-related expense; Annualization of First Republic, with significantly lower 2024 exit run rate; Residual inflationary pressures.",
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      "kind": "source-note",
      "text": "Note: Totals may not sum due to rounding\n1 See note 5 on slide 13\n2 2023 FDIC special assessment\n3 Represents a non-GAAP financial measure calculated as 4Q23 Adjusted expense of $24.3B less the FDIC special assessment (\"SA\") of $2.9B",
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