JP Morgan Chase 2009 Annual Report Download - page 2

As of or for the year ended December 31,
(in millions, except per share, ratio and headcount data) 2009 2008
Reported basis(a)
Net revenue $ 100,434 $ 67,252
Noninterest expense 52,352 43,500
Pre-provision profit 48,082 23,752
Provision for credit losses 32,015 20,979
Income before extraordinary gain 11,652 3,699
Extraordinary gain 76 1,906
Net income $ 11,728 $ 5,605
Per common share:
Basic earnings per share
Income before extraordinary gain $ 2.25 $ 0.81
Net income 2.27 1.35
Diluted earnings per share
Income before extraordinary gain $ 2.24 $ 0.81
Net income 2.26 1.35
Cash dividends declared per share 0.20 1.52
Book value per share 39.88 36.15
Return on common equity
Income before extraordinary gain 6% 2 %
Net income 6 4
Return on tangible common equity (b)
Income before extraordinary gain 10% 4 %
Net income 10 6
Tier 1 capital ratio 11.1 10.9
Total capital ratio 14.8 14.8
Tier 1 common capital ratio (b) 8.8 7.0
Total assets $ 2,031,989 $ 2,175,052
Loans 633,458 744,898
Deposits 938,367 1,009,277
Total stockholders’ equity 165,365 166,884
Headcount 222,316 224,961
(a) Results are presented in accordance with accounting principles generally accepted in the United States of America,
except where otherwise noted.
(b) Non-GAAP financial measure. For further discussion see “Explanation and reconciliation of the firm’s use of
non-GAAP financial measures” and “Regulatory capital” in this Annual Report.
Financial Highlights
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with
assets of $2.0 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.