Jp Morgan Chase & Co. · NYSE:JPM

Jp Morgan Chase & — Q1 2018 Earnings Presentation

14 slides from Jp Morgan Chase &'s earnings presentation, Apr 13, 2018

  1. Slide 1: 1Q18 Financial Results

    1Q18 Financial Results April 13, 2018

  2. Slide 2: 1Q18 Financial highlights

    1Q18 Financial highlights ROTCE1 Common equity Tier 1 2 Net payout LTM 3 19% 11.8% 97%  1Q18 net income of $8.7B and EPS of $2.37  Managed revenue of $28.5B 4  Adjusted expense of $16.0B 5 and adjusted overhead ratio of 56%5  Fortress balance sheet  Average core loans6 ex-CIB up 8% YoY and 1% Q

  3. Slide 3: 1Q18 Financial results

    1Q18 Financial results1 $B, excluding EPS $ O/(U) 1Q18 4Q17 1Q17 Net interest income 1Q18 managed revenue $13.5 $0.1 $1.1 reflects a ~$0.3B YoY decline in Noninterest revenue tax-equivalent adjustments 5 15.1 2.6 1.6 Managed revenue 1 $B 1Q18 4Q17 1Q17 28.5 2.8 2.7 Net charge-offs $1.3 $1.3 $1.7 Exp

  4. Slide 4: Fortress balance sheet and capital

    Fortress balance sheet and capital $B, except per share data 1Q18 4Q17 1Q17 Basel III Standardized Fully Phased-In1 CET1 capital $184 $183 $184 1Q18 Basel III CET1 capital ratio Advanced Fully 11.8% 12.1% 12.3% Phased-In of 12.5% 1 Tier 1 capital $209 $209 $209 Tier 1 capital ratio 13.5% 13.8% 14.0%

  5. Slide 5: Regulatory capital updates – Stress Capital Buffer and Enhanced Supplementary Leverage Ratio

    Regulatory capital updates – Stress Capital Buffer (“SCB”) and Enhanced Supplementary Leverage Ratio (“eSLR”) Proposed changes to minimum regulatory capital requirements  Proposal incorporates CCAR stress testing into minimum Standardized capital requirements  SCB replaces the 2.5% capital conserv

  6. Slide 6: Consumer & Community Banking

    Consumer & Community Banking 1 $mm Financial performance $ O/(U)  Net income of $3.3B 1Q18 4Q17 1Q17  Revenue of $12.6B, up 15% YoY, driven by higher NII on deposit Revenue $12,597 $527 $1,627 and card margin expansion and balance growth, lower Card net Consumer & Business Banking 5,722 165 816 ac

  7. Slide 7: Corporate & Investment Bank

    Corporate & Investment Bank1 $mm Financial performance $ O/(U)  Net income of $4.0B on revenue of $10.5B 1Q18 4Q17 1Q17  Banking revenue Revenue $10,483 $2,965 $884 Investment banking revenue 1,587 (90) (127)  IB revenue of $1.6B, down 7% YoY, driven by lower equity and Treasury Services 1,116 38

  8. Slide 8: Commercial Banking

    Commercial Banking 1 $mm Financial performance $ O/(U)  Net income of $1.0B 1Q18 4Q17 1Q17  Revenue of $2.2B, up 7% YoY Revenue $2,166 ($187) $148  Net interest income of $1.6B, up 14% YoY Middle Market Banking 895 25 111 Corporate Client Banking 687 (24) 21  Gross IB revenue of $569mm, down 15%

  9. Slide 9: Asset & Wealth Management

    Asset & Wealth Management1 $mm Financial performance $ O/(U)  Net income of $770mm 1Q18 4Q17 1Q17  Revenue of $3.5B, up 7% YoY, driven by higher management fees Revenue $3,506 ($132) $218 on growth in AUM as well as strong banking results Asset Management 1,787 (182) 99 Wealth Management 1,719 50

  10. Slide 10: Corporate

    Corporate $mm Financial performance $ O/(U) Treasury and CIO 1Q18 4Q17 1Q17  Net loss of $187mm primarily driven by investment securities Treasury and CIO ($187) ($253) ($120) losses Other Corporate (196) 2,196 (298) Other Corporate Net income ($383) $1,943 ($418)  Net loss of $196mm, driven by ta

  11. Slide 11: Outlook

    Outlook Firmwide  Expect FY2018 net interest income to be $54-55B  Expect FY2018 average core loan growth of 6-7%, excluding CIB loans  Expect FY2018 noninterest revenue growth of ~7%1, market dependent  Expect FY2018 adjusted expense of ~$63B, including the $1.2B impact of the revenue recogniti

  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 review s Firmw ide results, including the overhead ratio, on a “managed” basis; these Firmw ide managed basis results are non-GAAP financial measures. The Firm also review s the

  13. Slide 13: Notes

    Notes Additional Notes on slide 5 – Consumer & Community Banking 2. Actual numbers for all periods, not over/(under) 3. The prior year amount w as revised to conform with the current period presentation 4. Firmw ide mortgage origination volume w as $20.0B, $26.6B and $25.6B for 1Q18, 4Q17 and 1Q17,

  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

JPMorgan Chase & — Q1 2018 Earnings Presentation on 6ix