Jp Morgan Chase & Co. · NYSE:JPM
Jp Morgan Chase & — Q2 2018 Earnings Presentation
12 slides from Jp Morgan Chase &'s earnings presentation, Jul 13, 2018
Slide 1: 2Q18 Financial Results
2Q18 Financial Results July 13, 2018
Slide 2: 2Q18 Financial highlights
2Q18 Financial highlights ROTCE1 Common equity Tier 12 Net payout LTM3 17% 11.9% 100% 2Q18 net income of $8.3B and EPS of $2.29 Managed revenue of $28.4B4 Expense of $16.0B and managed overhead ratio of 56%4 Fortress balance sheet Average core loans5 ex-CIB up 7% YoY and 2% QoQ Basel III
Slide 3: 2Q18 Financial results
2Q18 Financial results1 $B, excluding EPS $ O/(U) 2Q18 1Q18 2Q17 Net interest income $13.6 $0.2 $1.1 Noninterest revenue 14.7 (0.3) 0.6 Managed revenue1 $B 2Q18 1Q18 2Q17 28.4 (0.1) 1.7 Net charge-offs $1.3 $1.3 $1.2 Expense Reserve build/(release) (0.0) (0.2) – 16.0 (0.1) 1.2 Credit costs Credit co
Slide 4: Fortress balance sheet and capital
Fortress balance sheet and capital $B, except per share data 2Q18 1Q18 2Q17 Basel III Standardized Fully Phased-In1 CET1 capital $185 $184 $187 2Q18 Basel III CET1 capital ratio Advanced Fully 11.9% 11.8% 12.4% Phased-In of 12.8%1 Tier 1 capital $210 $209 $212 Tier 1 capital ratio 13.6% 13.5% 14.1%
Slide 5: Consumer & Community Banking
Consumer & Community Banking1 $mm Financial performance $ O/(U) Net income of $3.4B 2Q18 1Q18 2Q17 Revenue of $12.5B, up 10% YoY, driven by higher NII on deposit Revenue $12,497 ($100) $1,085 and card margin expansion and balance growth Consumer & Business Banking 6,131 409 898 2Q18 includes a
Slide 6: Corporate & Investment Bank
Corporate & Investment Bank1 $mm Financial performance $ O/(U) Net income of $3.2B on revenue of $9.9B 2Q18 1Q18 2Q17 Banking revenue Revenue $9,923 ($560) $998 Investment banking revenue 1,949 362 218 IB revenue of $1.9B, up 13% YoY, driven by higher advisory Treasury Services 1,181 65 126 an
Slide 7: Commercial Banking
Commercial Banking1 $mm Financial performance $ O/(U) Net income of $1.1B 2Q18 1Q18 2Q17 Revenue of $2.3B, up 11% YoY Revenue $2,316 $150 $228 Middle Market Banking 919 24 80 Net interest income of $1.7B, up 12% YoY, driven by higher Corporate Client Banking 807 120 145 deposit margins Commerc
Slide 8: Asset & Wealth Management
Asset & Wealth Management1 $mm Financial performance $ O/(U) Net income of $755mm 2Q18 1Q18 2Q17 Revenue of $3.6B, up 4% YoY, driven by higher management Revenue $3,572 $66 $135 fees on growth in long-term products as well as strong banking Asset Management 1,826 39 40 Wealth Management 1,746 27
Slide 9: Corporate
Corporate $mm Financial performance $ O/(U) Treasury and CIO 2Q18 1Q18 2Q17 2Q18 results included a $174mm pretax loss on the liquidation of Treasury and CIO ($153) $34 ($139) a legal entity Other Corporate 17 213 (567) Net income ($136) $247 ($706) Other Corporate 2Q17 results included a $645mm
Slide 10: Notes
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 non-GAAP financial measures. The Firm also reviews the resu
Slide 11: Notes
Notes Additional Notes on slide 4 – Consumer & Community Banking 2. Actual numbers for all periods, not over/(under) 3. The prior year amount was revised to conform with the current period presentation 4. Firmwide mortgage origination volume was $23.7B, $20.0B and $26.2B for the three months ended J
Slide 12: 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