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December 31, (in millions) 2019 Change 2018 Assets Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements 21,704 22,324 (3)% 241,927 256,469 (6) 249,157 321,588 (23) Securities borrowed 139,758 111,995 25 Trading assets 411,103 413,714 (1) Investment securities 398,239 261,828 52 Loans 959,769 984,554 (3) Allowance for loan losses (13,123) (13,445) (2) Loans, net of allowance for loan losses Accrued interest and accounts receivable Premises and equipment 946,646 971,109 (3) 72,861 73,200 25,813 14,934 73 Goodwill, MSRS and other intangible assets 53,341 54,349 (2) Other assets 121,022 126,830 Total assets 2,687,379 2,622,532 2% Financial performance of JPMorgan Chase Year ended December 31, (in millions, except per share data and ratios) 2019 2018 Change Selected income statement data Total net revenue 115,627 109,029 6% Total noninterest expense 65,497 63,394 Pre-provision profit 50,130 45,635 10 Provision for credit losses 5,585 4,871 15 Net income 36,431 32,474 12 Diluted earnings per share 10.72 9.00 19 Selected ratios and metrics Return on common equity 15% 13% Return on tangible common equity 19 17 Book value per share 75.98 70.35 Tangible book value per share 60.98 56.33 Capital ratios(a) CET1 12.4% 12.0% Tier 1 capital 14.1 13.7 Total capital 16.0 15.5 (a) The Basel III capital rules became fully phased-in effective January 1, 2019. Prior to this date, the required capital measures were subject to the transitional rules which, as of December 31, 2018, were the same on a fully phased-in and transitional basis. Refer to Capital Risk Management on pages 85-92 for additional information on these measures.

December 31, (in millions) 2019 Change 2018 Assets Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements 21,704 22,324 (3)% 241,927 256,469 (6) 249,157 321,588 (23) Securities borrowed 139,758 111,995 25 Trading assets 411,103 413,714 (1) Investment securities 398,239 261,828 52 Loans 959,769 984,554 (3) Allowance for loan losses (13,123) (13,445) (2) Loans, net of allowance for loan losses Accrued interest and accounts receivable Premises and equipment 946,646 971,109 (3) 72,861 73,200 25,813 14,934 73 Goodwill, MSRS and other intangible assets 53,341 54,349 (2) Other assets 121,022 126,830 Total assets 2,687,379 2,622,532 2% Financial performance of JPMorgan Chase Year ended December 31, (in millions, except per share data and ratios) 2019 2018 Change Selected income statement data Total net revenue 115,627 109,029 6% Total noninterest expense 65,497 63,394 Pre-provision profit 50,130 45,635 10 Provision for credit losses 5,585 4,871 15 Net income 36,431 32,474 12 Diluted earnings per share 10.72 9.00 19 Selected ratios and metrics Return on common equity 15% 13% Return on tangible common equity 19 17 Book value per share 75.98 70.35 Tangible book value per share 60.98 56.33 Capital ratios(a) CET1 12.4% 12.0% Tier 1 capital 14.1 13.7 Total capital 16.0 15.5 (a) The Basel III capital rules became fully phased-in effective January 1, 2019. Prior to this date, the required capital measures were subject to the transitional rules which, as of December 31, 2018, were the same on a fully phased-in and transitional basis. Refer to Capital Risk Management on pages 85-92 for additional information on these measures.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 15E: Investments On October 4, 2019, Collins Company purchased 100 bonds of Steph Company for 6,400 as a...
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December 31, (in millions) 2019 Change 2018 Assets Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements 21,704 22,324 (3)% 241,927 256,469 (6) 249,157 321,588 (23) Securities borrowed 139,758 111,995 25 Trading assets 411,103 413,714 (1) Investment securities 398,239 261,828 52 Loans 959,769 984,554 (3) Allowance for loan losses (13,123) (13,445) (2) Loans, net of allowance for loan losses Accrued interest and accounts receivable Premises and equipment 946,646 971,109 (3) 72,861 73,200 25,813 14,934 73 Goodwill, MSRS and other intangible assets 53,341 54,349 (2) Other assets 121,022 126,830 Total assets 2,687,379 2,622,532 2%
Transcribed Image Text:December 31, (in millions) 2019 Change 2018 Assets Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements 21,704 22,324 (3)% 241,927 256,469 (6) 249,157 321,588 (23) Securities borrowed 139,758 111,995 25 Trading assets 411,103 413,714 (1) Investment securities 398,239 261,828 52 Loans 959,769 984,554 (3) Allowance for loan losses (13,123) (13,445) (2) Loans, net of allowance for loan losses Accrued interest and accounts receivable Premises and equipment 946,646 971,109 (3) 72,861 73,200 25,813 14,934 73 Goodwill, MSRS and other intangible assets 53,341 54,349 (2) Other assets 121,022 126,830 Total assets 2,687,379 2,622,532 2%
Financial performance of JPMorgan Chase Year ended December 31, (in millions, except per share data and ratios) 2019 2018 Change Selected income statement data Total net revenue 115,627 109,029 6% Total noninterest expense 65,497 63,394 Pre-provision profit 50,130 45,635 10 Provision for credit losses 5,585 4,871 15 Net income 36,431 32,474 12 Diluted earnings per share 10.72 9.00 19 Selected ratios and metrics Return on common equity 15% 13% Return on tangible common equity 19 17 Book value per share 75.98 70.35 Tangible book value per share 60.98 56.33 Capital ratios(a) CET1 12.4% 12.0% Tier 1 capital 14.1 13.7 Total capital 16.0 15.5 (a) The Basel III capital rules became fully phased-in effective January 1, 2019. Prior to this date, the required capital measures were subject to the transitional rules which, as of December 31, 2018, were the same on a fully phased-in and transitional basis. Refer to Capital Risk Management on pages 85-92 for additional information on these measures.
Transcribed Image Text:Financial performance of JPMorgan Chase Year ended December 31, (in millions, except per share data and ratios) 2019 2018 Change Selected income statement data Total net revenue 115,627 109,029 6% Total noninterest expense 65,497 63,394 Pre-provision profit 50,130 45,635 10 Provision for credit losses 5,585 4,871 15 Net income 36,431 32,474 12 Diluted earnings per share 10.72 9.00 19 Selected ratios and metrics Return on common equity 15% 13% Return on tangible common equity 19 17 Book value per share 75.98 70.35 Tangible book value per share 60.98 56.33 Capital ratios(a) CET1 12.4% 12.0% Tier 1 capital 14.1 13.7 Total capital 16.0 15.5 (a) The Basel III capital rules became fully phased-in effective January 1, 2019. Prior to this date, the required capital measures were subject to the transitional rules which, as of December 31, 2018, were the same on a fully phased-in and transitional basis. Refer to Capital Risk Management on pages 85-92 for additional information on these measures.
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