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  "documentTitle": "J.P.Morgan | Results Presentation Deck | 13 slides",
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  "authorName": "J.P. Morgan",
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  "presentationDate": "2024-10-01 00:00:00",
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      "text": "Net income of $4.0B, down 31% YoY\nRevenue of $17.8B, down 3% YoY, largely driven by lower net interest income\nExpense of $9.6B, up 5% YoY, predominantly driven by higher compensation, primarily for advisors, bankers and technology employees, as well as continued investments in marketing\nCredit costs of $2.8B\nNCOs of $1.9B, up $520mm YoY, driven by Card Services primarily due to the seasoning of newer vintages and continued credit normalization\nNet reserve build of $876mm was primarily in Card Services, driven by growth in revolving balances and changes in certain macroeconomic variables",
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      "text": "Average loans up 1% YoY and flat QoQ\nAverage deposits down 8% YoY and 2% QoQ\nEOP deposits down 7% YoY and 1% QoQ\nActive mobile customers up 7% YoY\nDebit & credit card sales volume up 6% YoY\nClient investment assets up 21% YoY and 5% QoQ",
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      "text": "1 See note 1 on slide 9\nFor additional footnotes see slide 11",
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      "text": "KEY DRIVERS / STATISTICS ($B) – DETAIL BY BUSINESS\n3Q24 2Q24 3Q23\nBanking & Wealth Management\nBusiness Banking average loans $19.5 $19.5 $19.5\nBusiness Banking loan originations 1.1 1.3 1.3\nClient investment assets (EOP) 1,067.9 1,013.7 882.3\nDeposit margin 2.60% 2.72% 2.92%\nHome Lending\nAverage loans $250.6 $254.4 $264.0\nLoan originations 11.4 10.7 11.0\nThird-party mortgage loans serviced (EOP) 656.1 642.8 637.8\nNet charge-off/(recovery) rate (0.07)% (0.07)% (0.02)%\nCard Services & Auto\nCard Services average loans $217.3 $210.1 $195.2\nAuto average loans and leased assets 84.9 86.5 85.1\nAuto loan and lease originations 10.0 10.8 10.2\nCard Services net charge-off rate 3.24% 3.50% 2.49%\nCard Services net revenue rate 9.91 9.61 9.60\nCard Services sales volume4 $316.6 $316.6 $296.2",
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      "text": "KEY DRIVERS / STATISTICS ($B)2\n3Q24 2Q24 3Q23\nAverage equity $54.5 $54.5 $55.5\nROE 29% 30% 41%\nOverhead ratio 54 53 50\nAverage loans $572.5 $571.7 $564.3\nAverage deposits 1,053.7 1,073.5 1,143.5\nActive mobile customers (mm)³ 57.0 55.6 53.2\nDebit & credit card sales volume 4 $453.4 $453.7 $426.3",
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      "text": "SELECTED INCOME STATEMENT DATA ($MM)\n3Q24 2Q24 3Q23\nRevenue $17,791 $90 ($571)\nBanking & Wealth Management 10,090 (285) (1,255)\nHome Lending 1,295 (24) 43\nCard Services & Auto 6,406 399 641\nExpense 9,586 161 481\nCredit costs 2,795 152 1,349\nNet charge-offs (NCOS) 1,919 (145) 520\nChange in allowance 876 297 829\nNet income $4,046 ($164) ($1,849)",
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      "text": "Consumer & Community Banking¹",
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