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  "documentTitle": "J.P.Morgan | Results Presentation Deck | 20 slides",
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  "authorName": "JPMorgan Chase",
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  "presentationDate": "2024-01-01 00:00:00",
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      "text": "FINANCIAL PERFORMANCE (ex. FR)\nNet income of $1.5B, up 4% YoY\nRevenue of $3.7B, up 7% YoY, largely driven by higher net interest income, where the impact of rates was partially offset by lower deposit balances\nPayments revenue of $2.0B, up 2% YoY, reflecting fee growth, largely offset by higher deposit-related client credits\nInvestment Banking and Markets revenue, gross of $924mm, up 32% YoY, primarily reflecting increased capital markets and M&A activity\nExpense of $1.4B, up 9% YoY, driven by an increase in employees, including front office and technology investments, as well as higher volume-related expense, including the impact of new client acquisition\nCredit costs of $269mm\nNCOs of $127mm\nNet reserve build of $142mm, driven by a deterioration in the outlook related to commercial real estate valuations\nAverage loans of $242B, up 3% YoY and down 1% QoQ\nC&I⁸ up 1% YoY and down 2% QoQ\nCRE⁸ up 4% YoY and flat QoQ\nAverage deposits of $262B, down 6% YoY, primarily driven by lower non-operating deposits\nFlat QoQ, as client balances are seasonally higher at year-end",
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      "kind": "source-note",
      "text": "Note: Totals may not sum due to rounding\n1 See note 1 on slide 13\nFor additional footnotes see slide 15",
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      "text": "KEY DRIVERS / STATISTICS ($B)2\n4Q23\nex. FR\nReported FR impact ex. FR 3Q23 4Q22\nAverage equity $30.0 $1.5 $28.5 $28.5 $25.0\nROE 21% 1% 20% 23% 22%\nOverhead ratio 35 (3) 37 37 37\nPayments revenue ($mm) $2,045 $65 $1,980 $2,045 $1,9373\nInvestment Banking and Markets revenue, gross ($mm)4 $924 - $924 $821 $700\nAverage loans5 281.0 39.0 242.0 244.0 235.3\nAverage client deposits 267.8 5.7 262.1 262.1 278.9\nAllowance for loan losses 5.0 0.7 4.3 4.2 3.3\nNonaccrual loans 0.8 0.1 0.7 0.9 0.8\nNet charge-off/(recovery) rate6 0.18% (0.03)%7 0.21% 0.08% 0.06%\nALL/loans6 1.80 (0.01) 1.81 1.72 1.42",
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      "text": "SELECTED INCOME STATEMENT DATA ($MM)\n4Q23\nex. FR $ O/(U)\nReported FR impact ex. FR 3Q23 4Q22\nRevenue $4,016 $361 $3,655 ($10) $251\nMiddle Market Banking 1,898 75 1,823 40 204\nCorporate Client Banking 1,164 2 1,162 (46) 53\nCommercial Real Estate Banking 939 284 655 7 (11)\nOther 15 - 15 (11) 5\nExpense 1,395 27 1,368 11 114\nCredit costs 366 97 269 205 (15)\nNet income $1,653 $180 $1,473 ($217) $50",
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      "text": "Commercial Banking¹",
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