December 31, (in millions) 2019 Change 2018 Assets Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements 21,704 22,324 (3)% 241,927 256,469 (6) 249,157 321,588 (23) Securities borrowed 139,758 111,995 25 Trading assets 411,103 413,714 (1) Investment securities 398,239 261,828 52 Loans 959,769 984,554 (3) Allowance for loan losses (13,123) (13,445) (2) Loans, net of allowance for loan losses Accrued interest and accounts receivable Premises and equipment 946,646 971,109 (3) 72,861 73,200 25,813 14,934 73 Goodwill, MSRS and other intangible assets 53,341 54,349 (2) Other assets 121,022 126,830 Total assets 2,687,379 2,622,532 2% 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.
December 31, (in millions) 2019 Change 2018 Assets Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements 21,704 22,324 (3)% 241,927 256,469 (6) 249,157 321,588 (23) Securities borrowed 139,758 111,995 25 Trading assets 411,103 413,714 (1) Investment securities 398,239 261,828 52 Loans 959,769 984,554 (3) Allowance for loan losses (13,123) (13,445) (2) Loans, net of allowance for loan losses Accrued interest and accounts receivable Premises and equipment 946,646 971,109 (3) 72,861 73,200 25,813 14,934 73 Goodwill, MSRS and other intangible assets 53,341 54,349 (2) Other assets 121,022 126,830 Total assets 2,687,379 2,622,532 2% 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Hello-
Please help me to the Return on assets.
Thanks,
Transcribed Image Text:December 31, (in millions)
2019
Change
2018
Assets
Cash and due from banks
Deposits with banks
Federal funds sold and securities purchased under resale agreements
21,704
22,324
(3)%
241,927
256,469
(6)
249,157
321,588
(23)
Securities borrowed
139,758
111,995
25
Trading assets
411,103
413,714
(1)
Investment securities
398,239
261,828
52
Loans
959,769
984,554
(3)
Allowance for loan losses
(13,123)
(13,445)
(2)
Loans, net of allowance for loan losses
Accrued interest and accounts receivable
Premises and equipment
946,646
971,109
(3)
72,861
73,200
25,813
14,934
73
Goodwill, MSRS and other intangible assets
53,341
54,349
(2)
Other assets
121,022
126,830
Total assets
2,687,379
2,622,532
2%
Transcribed Image Text: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.
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