JP Morgan Chase 2008 Annual Report Download - page 2
Download and view the complete annual report
Please find page 2 of the 2008 JP Morgan Chase annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
 |
 |
As of or for the year ended December 31,
(in millions, except per share, ratio and headcount data) 2008 2007
Reported basis(a)
Total net revenue $ 67,252 $ 71,372
Provision for credit losses 20,979 6,864
Total noninterest expense 43,500 41,703
Income from continuing operations 3,699 15,365
Extraordinary gain 1,906 —
Net income $ 5,605 $ 15,365
Per common share:
Basic earnings per share
Income from continuing operations $ 0.86 $ 4.51
Net income 1.41 4.51
Diluted earnings per share
Income from continuing operations $ 0.84 $ 4.38
Net income 1.37 4.38
Cash dividends declared per share 1.52 1.48
Book value per share 36.15 36.59
Return on common equity
Income from continuing operations 2% 13%
Net income 413
Return on common equity (net of goodwill)
Income from continuing operations 4% 21%
Net income 621
Tier 1 capital ratio 10.9 8.4
Total capital ratio 14.8 12.6
Total assets $ 2,175,052 $ 1,562,147
Loans 744,898 519,374
Deposits 1,009,277 740,728
Total stockholders’ equity 166,884 123,221
Headcount 224,961 180,667
(a) Results are presented in accordance with accounting principles generally accepted in the United States of America.
Financial Highlights
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $2.2 trillion and operations in more than 60 countries. The firm
is a leader in investment banking, financial services for consumers, small
business and commercial banking, financial transaction processing, asset
management and private equity. A component of the Dow Jones Industrial
Average, JPMorgan Chase serves millions of consumers in the United States
and many of the world’s most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands.
Information about J.P. Morgan capabilities can be found at www.jpmorgan.com
and about Chase capabilities at www.chase.com. Information about the firm is
available at www.jpmorganchase.com.