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.

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.

Name: Hello-Please help me find Net Profit Margin. Thanks, Financial perfor
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Description: Hello-Please help me find Net Profit Margin. Thanks, Financial performance of JPMorgan ChaseYear ended December 31,(in millions, except per share data and ratios)20192018ChangeSelected income statement dataTotal net revenue115,627109,0296%Total noni

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 103.4C

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