Jp Morgan Chase & Co. · NYSE:JPM

Jp Morgan Chase & — Q4 2018 Earnings Presentation

14 slides from Jp Morgan Chase &'s earnings presentation, Jan 15, 2019

  1. Slide 1: 4Q18 Financial Results

    4Q18 Financial Results January 15, 2019

  2. Slide 2: 4Q18 Financial highlights

    4Q18 Financial highlights ROTCE1 Common equity Tier 12 Net payout LTM3 14% 12.0% 92%  4Q18 net income of $7.1B and EPS of $1.98  Managed revenue of $26.8B4  Expense of $15.7B and managed overhead ratio of 59%4  Fortress balance sheet  Average core loans5 ex-CIB up 6% YoY and 1% QoQ  Basel III

  3. Slide 3: 4Q18 Financial results

    4Q18 Financial results1 $B, excluding EPS $ O/(U) 4Q18 3Q18 4Q17 Net interest income $14.5 $0.4 $1.2 Noninterest revenue 12.3 (1.5) (0.1) Managed revenue1 $B 4Q18 3Q18 4Q17 26.8 (1.0) 1.1 Net charge-offs $1.2 $1.0 $1.3 Expense Reserve build/(release) 0.3 (0.1) – 15.7 0.1 0.8 Credit costs Credit cost

  4. Slide 4: FY18 Financial results

    FY18 Financial results1 $B, excluding EPS $ O/(U) FY2018 FY2017 FY2017 Net interest income $55.7 $51.4 $4.3 Noninterest revenue 55.8 53.3 2.5 Managed revenue1 $B FY18 FY17 111.5 104.7 6.8 Net charge-offs $4.9 $5.4 Expense Reserve build/(release) – (0.1) 63.4 59.5 3.9 Credit costs Credit costs $4.9 $

  5. Slide 5: Fortress balance sheet and capital

    Fortress balance sheet and capital $B, except per share data 4Q18 3Q18 4Q17 Basel III Standardized Fully Phased-In1 CET1 capital $184 $185 $183 4Q18 Basel III CET1 capital ratio Advanced Fully 12.0% 12.0% 12.1% Phased-In of 12.9%1 Tier 1 capital $209 $211 $209 Tier 1 capital ratio 13.7% 13.6% 13.8%

  6. Slide 6: Consumer & Community Banking

    Consumer & Community Banking1 $mm Financial performance $ O/(U)  Net income of $4.0B 4Q18 3Q18 4Q17  Revenue of $13.7B, up 13% YoY, driven by higher NII on higher Revenue $13,695 $405 $1,625 deposit and card margins and balance growth Consumer & Business Banking 6,567 182 1,010  Expense of $7.1B,

  7. Slide 7: Corporate & Investment Bank

    Corporate & Investment Bank1 $mm Financial performance $ O/(U)  Net income of $2.0B on revenue of $7.2B 4Q18 3Q18 4Q17  Banking revenue Revenue $7,237 ($1,568) ($281) Investment banking revenue 1,720 (11) 43  IB revenue of $1.7B, up 3% YoY Treasury Services 1,217 34 139 – Ranked #1 in Global IB f

  8. Slide 8: Commercial Banking

    Commercial Banking1 $mm Financial performance $ O/(U)  Net income of $1.0B 4Q18 3Q18 4Q17  Revenue of $2.3B, down 2% YoY Revenue $2,306 $35 ($47) Middle Market Banking 959 24 89  Net interest income of $1.7B, up 7% YoY, driven by higher Corporate Client Banking 741 (8) 30 deposit margins Commerci

  9. Slide 9: Asset & Wealth Management

    Asset & Wealth Management1 $mm Financial performance $ O/(U)  Net income of $604mm 4Q18 3Q18 4Q17  Revenue of $3.4B, down 5% YoY, driven by lower market levels, Revenue $3,439 ($120) ($199) partially offset by strong banking results and the impact of Asset Management 1,723 (104) (246) Wealth Manag

  10. Slide 10: Corporate

    Corporate1 $mm Financial performance $ O/(U) Treasury and CIO 4Q18 3Q18 4Q17  Net income of $175mm, up $109mm YoY, primarily driven by Treasury and CIO $175 $79 $109 higher rates Other Corporate (752) (511) 1,640 Net income ($577) ($432) $1,749 Other Corporate  Net loss of $752mm included a $200mm

  11. Slide 11: Outlook for 1Q19

    Outlook for 1Q191 Firmwide  Expect 1Q19 NII to be approximately flat QoQ, market dependent  Expect 1Q19 expense to be up mid-single digits YoY 1 See note 1 on slide 11 10

  12. Slide 12: 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

  13. Slide 13: Notes

    Notes Additional Notes on slide 5 – Consumer & Community Banking 2. Actual numbers for all periods, not over/(under) 3. Firmwide mortgage origination volume was $18.7B, $24.5B and $26.6B for the three months ended December 31, 2018, September 30, 2018 and December 31, 2017, respectively 4. Excludes

  14. Slide 14: 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

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