{ "docId": "019de518-9975-71fa-ad4c-e7e3aae46690", "docSlug": "9ae61b278d9862c2613f7002590e638d", "documentTitle": "J.P.Morgan | Results Presentation Deck | 29 slides", "authorId": "j-p-morgan", "authorName": "JPMorgan", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 5, "pageCount": 29, "prevPage": 4, "nextPage": 6, "slideType": "kpi_overview", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 400, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-9975-71fa-ad4c-e7e3aae46690/5", "deckHref": "/decks/019de518-9975-71fa-ad4c-e7e3aae46690", "deckJsonHref": "/decks/019de518-9975-71fa-ad4c-e7e3aae46690.json", "deckAnchorHref": "/decks/019de518-9975-71fa-ad4c-e7e3aae46690#slide-5", "components": [ { "bbox": { "h": 0.01, "w": 0.05, "x": 0.91, "y": 0.96 }, "kind": "source-note", "text": "Page 4", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "26858e66-0dee-40ef-8ce5-b166e12c0fbf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.76, "x": 0.04, "y": 0.75 }, "kind": "source-note", "text": "On May 1, 2023, JPMorgan Chase acquired certain assets and assumed certain liabilities of First Republic Bank from the FDIC.", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "42531a74-b48f-4a59-ba9f-0a5bde5e665a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.19, "w": 0.92, "x": 0.04, "y": 0.77 }, "kind": "source-note", "text": "(a) Effective January 1, 2024, the Firm adopted updates to the Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method guidance, under the modified retrospective method. The amortization of the associated investments that was previously\nrecognized in other income is now recognized in income tax expense, which aligns with the associated tax credits and other tax benefits. Refer to Note 1 and 5 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 for additional information.\n(b) Included Firmwide legal expense of $259 million, $317 million, $(72) million, $175 million and $665 million for the three months ended September 30, 2024, June 30, 2024, March 31, 2024, December 31, 2023 and September 30, 2023, respectively, and $504 million and $1.3\nbillion for the nine months ended September 30, 2024 and September 30, 2023, respectively.\n(c) Ratios are based upon annualized amounts.\n(d) Refer to page 28 for a further discussion of ROTCE.\n(e) Included a $7.9 billion net gain related to Visa shares. Refer to footnote (g) on page 2 for further information.\n(f) Included a $1.0 billion donation of Visa shares to pre-fund contributions to the JPMorgan Chase Foundation.\n(g) Included an FDIC special assessment to recover estimated losses to the Deposit Insurance Fund of $725 million for the three months ended March 31, 2024, which was an adjustment to the $2.9 billion estimate recorded in the three months ended December 31, 2023. Refer\nto Note 6 on page 220 of the Firm's 2023 Form 10-K for additional information.\n(h) Included an income tax benefit of $463 million for the three months ended December 31, 2023 related to the finalization of certain income tax regulations. The benefit resulted in a reduction in the Firm's effective tax rate of 4.1 percentage points in the fourth quarter of 2023.", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e41657cf-c8a0-4900-b9da-21cd62b4f9a6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.27, "x": 0.04, "y": 0.07 }, "kind": "subtitle", "text": "(in millions, except per share and ratio data)", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "75f30758-d90b-48b5-9083-fb9aa9938a2a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.63, "w": 0.92, "x": 0.04, "y": 0.11 }, "kind": "table", "text": "REVENUE\nInvestment banking fees\nPrincipal transactions\nLending- and deposit-related fees\nAsset management fees\nCommissions and other fees\nInvestment securities losses\nMortgage fees and related income\nCard income\nOther income (a)\nNoninterest revenue\nInterest income\nInterest expense\nNet interest income\nTOTAL NET REVENUE\nProvision for credit losses\nNONINTEREST EXPENSE\nCompensation expense\nOccupancy expense\nTechnology, communications and equipment expense\nProfessional and outside services\nMarketing\nOther expense (b)\nTOTAL NONINTEREST EXPENSE\nIncome before income tax expense\nIncome tax expense (a)\nNET INCOME\nNET INCOME PER COMMON SHARE DATA\nBasic earnings per share\nDiluted earnings per share\nFINANCIAL RATIOS\nReturn on common equity (c)\nReturn on tangible common equity (c) (d)\nReturn on assets (c)\nEffective income tax rate\nOverhead ratio", "attrs": {}, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a6f0e6ec-6e4c-4372-9ead-47af51d02b2d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.39, "x": 0.04, "y": 0.04 }, "kind": "title", "text": "CONSOLIDATED STATEMENTS OF INCOME", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3cdf3955-0450-40a6-b3af-0cfce909b78b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 6, "from": 3, "beatId": "1a0d0057-3623-4127-bd8a-0b660d6da0e0", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "What Is", "beatSlug": "sparkline-what-is-1", "evidence": "Consolidated Financial Highlights and Statements of Income", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "loops": [ { "to": 6, "from": 3, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "edb57266-0aa2-461f-ad22-74f3898a25a0", "evidence": "Consolidated Financial Highlights and Statements of Income", "position": 0, "objective": "Break down financial performance into key components", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.7, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }