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  "documentTitle": "J.P.Morgan | Results Presentation Deck | 19 slides",
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  "authorName": "JPMorgan",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2025-01-01 00:00:00",
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      "text": "Average loans up 1% YoY and QoQ\nAverage deposits down 4% YoY and flat QoQ\nEOP deposits down 3% YoY and flat QoQ\nActive mobile customers up 7% YoY\nDebit & credit card sales volume up 8% YoY\nClient investment assets up 14% YoY and 2% QoQ",
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      "text": "Net income of $4.5B, down 6% YoY\nRevenue of $18.4B, up 1% YoY, driven by higher noninterest revenue predominantly in Card Services & Auto and Home Lending, partially offset by lower net interest income\nExpense of $9.7B, up 4% YoY, predominantly driven by higher compensation for advisors and bankers, as well as higher technology expense\nCredit costs of $2.6B\nNCOs of $2.1B, up $428mm YoY, driven by Card Services, primarily due to the seasoning of vintages originated in recent years and balance growth\nNet reserve build of $557mm was predominantly in Card Services, driven by growth in revolving balances, partially offset by changes in certain macroeconomic variables",
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      "text": "1 See note 1 on slide 12\n2 See note 3 on slide 13\nFor additional footnotes see slide 14",
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      "text": "SELECTED INCOME STATEMENT DATA ($MM)\n4Q24 3Q24 4Q23\nRevenue2 $18,362 $571 $265\nBanking & Wealth Management 10,154 64 (723)\nHome Lending 1,297 2 136\nCard Services & Auto 6,911 505 852\nExpense 9,728 142 392\nCredit costs 2,623 (172) 434\nNet charge-offs (NCOS) 2,066 147 428\nChange in allowance 557 (319) 6\nNet income $4,516 $470 ($272)",
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      "text": "KEY DRIVERS / STATISTICS ($B) – DETAIL BY BUSINESS\n4Q24 3Q24 4Q23\nBanking & Wealth Management\nBusiness Banking average loans $19.5 $19.5 $19.5\nBusiness Banking loan originations 1.0 1.1 1.1\nClient investment assets (EOP) 1,087.6 1,067.9 951.1\nDeposit margin 2.61% 2.60% 2.82%\nHome Lending\nAverage loans $247.4 $250.6 $261.4\nLoan originations6 12.1 11.4 7.2\nThird-party mortgage loans serviced (EOP) 648.0 656.1 631.2\nNet charge-off/(recovery) rate (0.02)% (0.07)% 0.01%\nCard Services & Auto\nCard Services average loans $224.3 $217.3 $202.7\nAuto average loans and leased assets 85.3 84.9 86.8\nAuto loan and lease originations 10.6 10.0 9.9\nCard Services net charge-off rate 3.30% 3.24% 2.79%\nCard Services net revenue rate 10.47 9.91 9.82\nCard Services sales volume5 $335.1 $316.6 $307.2",
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      "text": "KEY DRIVERS/STATISTICS ($B)3\n4Q24 3Q24 4Q23\nAverage equity $54.5 $54.5 $55.5\nROE 32% 29% 33%\nOverhead ratio 53 54 52\nAverage loans $577.6 $572.5 $571.2\nAverage deposits 1,050.6 1,053.7 1,092.4\nActive mobile customers (mm)4 57.8 57.0 53.8\nDebit & credit card sales volume5 $477.6 $453.4 $441.0",
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