Jp Morgan Chase & Co. · NYSE:JPM
Jp Morgan Chase & — Q3 2017 Earnings Presentation
13 slides from Jp Morgan Chase &'s earnings presentation, Oct 12, 2017
Slide 1: Financial Results 3Q17
F I N AN C I A L R E S U LT S 3Q17 October 12, 2017
Slide 2: 3Q17 Financial highlights
3Q17 Financial highlights ROTCE1 Common equity Tier 12 Net payout LTM3 13% 12.5% 77% 3Q17 net income of $6.7B and EPS of $1.76 Managed revenue of $26.2B4 Adjusted expense of $14.4B5 and adjusted overhead ratio of 55%5 Fortress balance sheet Average core loans6 up 7% YoY and 2% QoQ Basel
Slide 3: 3Q17 Financial results
3Q17 Financial results1 $B, excluding EPS $ O/(U) 3Q17 2Q17 3Q16 Net interest income $13.1 $0.6 $1.2 Noninterest revenue 13.1 (0.8) (0.5) Managed revenue 1 $B 3Q17 2Q17 3Q16 26.2 (0.2) 0.7 Expense Net charge-offs $1.3 $1.2 $1.1 14.3 (0.2) (0.1) Reserve build/(release) 0.2 – 0.2 Credit costs Credit c
Slide 4: Fortress balance sheet and capital
Fortress balance sheet and capital $B, except per share data 3Q17 2Q17 3Q16 Basel III Standardized Fully Phased-In1 CET1 capital $187 $187 $181 3Q17 Basel III CET1 capital ratio Advanced Fully 12.5% 12.5% 12.2% Phased-In of 12.8%1 Tier 1 capital $212 $212 $207 Tier 1 capital ratio 14.2% 14.3% 13.9%
Slide 5: Consumer & Community Banking
Consumer & Community Banking1 $mm Financial performance $ O/(U) Net income of $2.6B, up 16% YoY 3Q17 2Q17 3Q16 Revenue of $12.0B, up 6% YoY, driven by higher NII on Revenue $12,033 $621 $705 deposit margin expansion and strong deposit growth Consumer & Business Banking 5,408 175 689 Mortgage Ban
Slide 6: Corporate & Investment Bank
Corporate & Investment Bank1 $mm Financial performance $ O/(U) Net income of $2.5B on revenue of $8.6B 3Q17 2Q17 3Q16 Banking revenue Revenue $8,590 ($299) ($865) Investment banking revenue 1,705 10 (35) IB revenue of $1.7B, down 2% YoY, driven by lower equity and Treasury Services 1,058 3 141
Slide 7: Commercial Banking
Commercial Banking1 $mm Financial performance $ O/(U) Net income of $881mm, up 13% YoY and down 2% QoQ 3Q17 2Q17 3Q16 Revenue $2,146 $58 $276 Record revenue of $2.1B, up 15% YoY and 3% QoQ Middle Market Banking 2 848 9 142 Net interest income of $1.6B, up 20% YoY and 3% QoQ 2 Corporate Client
Slide 8: Asset & Wealth Management
Asset & Wealth Management1 $mm Financial performance $ O/(U) Record net income of $674mm, up 21% YoY and 8% QoQ 3Q17 2Q17 3Q16 Revenue $3,245 $33 $198 Revenue of $3.2B, up 6% YoY and 1% QoQ Asset Management 1,587 26 90 Wealth Management 1,658 7 108 Expense of $2.2B, up 2% YoY and down 1% QoQ E
Slide 9: Corporate
Corporate1 $mm Financial performance $ O/(U) Treasury and CIO 3Q17 2Q17 3Q16 Net income of $75mm, up $283mm YoY, primarily due to the Treasury and CIO $75 $89 $283 benefit of higher rates Other Corporate 3 (581) (40) Other Corporate Net income $78 ($492) $243 Net income of $3mm 2Q17 included a
Slide 10: Outlook
Outlook Firmwide Expect 2017 net interest income to be up ~$4B YoY, market dependent Expect 2017 adjusted expense to be ~$58B Expect 2017 net charge-offs to be ~$5B1 Expect 2017 average core loan growth to be ~8% FINANCIAL RESULTS 1 2017 net charge-off outlook excludes the impact of the writ
Slide 11: Notes on non-GAAP financial measures
Notes Notes on non-GAAP financial measures 1. In addition to analyzing the Firm’s results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a “managed” basis; these Firmwide managed basis results are considered non-GAAP financial measures. The Firm also revie
Slide 12: Additional Notes
Notes Additional Notes on slide 4 – Consumer & Community Banking 2. Actual numbers for all periods, not over/(under) 3. The prior period amounts have been revised to conform with the current period presentation 4. Firmwide mortgage origination volume was $29.2B, $26.2B and $30.9B, for 3Q17, 2Q17 and
Slide 13: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.’s management and are subject to significant risks an