JP Morgan Chase 2008 Annual Report Download - page 129

JPMorgan Chase & Co./ 2008 Annual Report 127
From time to time, the Firm has made and will make forward-looking
statements. These statements can be identified by the fact that they
do not relate strictly to historical or current facts. Forward-looking
statements often use words such as “anticipate,” “target,” “expect,”
“estimate,” “intend,” “plan,” “goal,” “believe,” or other words of
similar meaning. Forward-looking statements provide JPMorgan
Chase’s current expectations or forecasts of future events, circum-
stances, results or aspirations. JPMorgan Chase’s disclosures in this
Annual Report contain forward-looking statements within the mean-
ing of the Private Securities Litigation Reform Act of 1995. The Firm
also may make forward-looking statements in its other documents
filed or furnished with the SEC. In addition, the Firm’s senior man-
agement may make forward-looking statements orally to analysts,
investors, representatives of the media and others.
All forward-looking statements are, by their nature, subject to risks
and uncertainties, many of which are beyond the Firm’s control.
JPMorgan Chase’s actual future results may differ materially from
those set forth in its forward-looking statements. While there is no
assurance that any list of risks and uncertainties or risk factors is
complete, below are certain factors which could cause actual results
to differ from those in the forward-looking statements.
• local, regional and international business, economic and political
conditions and geopolitical events;
• changes in trade, monetary and fiscal policies and laws;
• securities and capital markets behavior, including changes in mar-
ket liquidity and volatility;
• changes in investor sentiment or consumer spending or saving
behavior;
• ability of the Firm to manage effectively its liquidity;
• credit ratings assigned to the Firm or its subsidiaries;
• the Firm’s reputation;
• ability of the Firm to deal effectively with an economic slowdown
or other economic or market difficulty;
• technology changes instituted by the Firm, its counterparties or
competitors;
• mergers and acquisitions, including the Firm’s ability to integrate
acquisitions;
• ability of the Firm to develop new products and services;
• acceptance of the Firm’s new and existing products and services
by the marketplace and the ability of the Firm to increase market
share;
• ability of the Firm to attract and retain employees;
• ability of the Firm to control expense;
• competitive pressures;
• changes in the credit quality of the Firm’s customers and counter-
parties;
• adequacy of the Firm’s risk management framework;
• changes in laws and regulatory requirements or adverse judicial
proceedings;
• changes in applicable accounting policies;
• ability of the Firm to determine accurate values of certain assets
and liabilities;
• occurrence of natural or man-made disasters or calamities or
conflicts, including any effect of any such disasters, calamities or
conflicts on the Firm’s power generation facilities and the Firm’s
other commodity-related activities;
• the other risks and uncertainties detailed in Part 1, Item 1A: Risk
Factors in the Firm’s Annual Report on Form 10-K for the year
ended December 31, 2008.
Any forward-looking statements made by or on behalf of the Firm
speak only as of the date they are made, and JPMorgan Chase does
not undertake to update forward-looking statements to reflect the
impact of circumstances or events that arise after the date the for-
ward-looking statement was made. The reader should, however, con-
sult any further disclosures of a forward-looking nature the Firm may
make in any subsequent Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q, or Current Reports on Form 8-K.
FORWARD-LOOKING STATEMENTS