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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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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-10-01 00:00:00",
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      "text": "Net income of $1.4B, down 5% YoY\nRevenue of $5.4B, up 9% YoY, driven by growth in management fees on higher average market levels and strong net inflows, investment valuation gains compared to losses in the prior year and higher brokerage activity, partially offset by deposit margin compression\nExpense of $3.6B, up 16% YoY, predominantly driven by higher compensation, including revenue-related compensation and continued growth in private banking advisor teams, as well as higher legal expense and distribution fees\nAUM of $3.9T and client assets of $5.7T were each up 23% YoY, driven by higher market levels and continued net inflows\nFor the quarter, AUM had long-term net inflows of $72B and liquidity net inflows of $34B\nAverage loans of $229B, up 2% YoY and QoQ\nAverage deposits of $236B, up 17% YoY including the allocation of First Republic deposits to AWM in 4Q233 and up 4% QoQ",
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      "text": "1 See note 1 on slide 9\n2 Actual numbers for all periods, not over/(under)\n3 See note 3 on slide 10",
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      "kind": "table",
      "text": "SELECTED INCOME STATEMENT DATA ($MM)\n$ O/(U)\n3Q24 2Q24 3Q23\nRevenue $5,439 $187 $434\nAsset Management 2,525 88 361\nGlobal Private Bank 2,914 99 73\nExpense 3,639 96 501\nCredit costs 4 (16) 17\nNet income $1,351 $88 ($66)",
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      "text": "KEY DRIVERS / STATISTICS ($B)2\n3Q24 2Q24 3Q23\nAverage equity $15.5 $15.5 $17.0\nROE 34% 32% 32%\nPretax margin 33 32 38\nAssets under management (\"AUM\") $3,904 $3,682 $3,186\nClient assets 5,721 5,387 4,644\nAverage loans 229.3 224.1 223.8\nAverage deposits 236.5 227.4 202.0",
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