JP Morgan Chase 2009 Annual Report Download - page 40

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Investment Bank
J.P. Morgan is a leading
global investment bank
with one of the largest
client bases in the world.
We serve more than 20,000
clients, including corpo-
rations, governments,
states, municipalities,
healthcare organizations,
educational institutions,
banks and investors. Our
clients operate in more
than 100 countries. We
oer a complete range
of financial services to
help clients achieve their
goals. We provide strate-
gic advice, lend money,
raise capital, help manage
risk, make markets and
extend liquidity, and we
hold global leadership
positions in all of our
major business lines.
2009 HIGHLIGHTS AND ACCOMPLISHMENTS
• Deliveredrecordnetincomeof$6.9billion
onrecordrevenueof$28.1billion,ledby
recordGlobalMarketsrevenueof$22billion
andrecordreportedIBfeesof$7.2billion.
• Earnedareturnonequityof21%on$33billion
of average allocated capital.
• Asthemarketleader,arrangedandraised
$204billionincorporateloansfor295issuer
clients globally.(a) The average size of loans led
byJ.P.Morganwasroughly$691million,more
than double the market’s average size of
$316million.
• Helpedclientsissue$620billionofstocks
andbonds,$170billionmorethananyother
bank in the world.(a) Asthetopunderwriterin
eachcategory,J.P.Morganraised$105billion
and$515billionintheglobalequityanddebt
markets, respectively.(a) Excludingself-ledbank
deals, J.P. Morgan was a lead underwriter on
eight of the 10 largest transactions in both the
equity and debt markets.
• Arrangedandraised$178billionofcapital
for banks and financial institutions around
theworld;thatamountstonearly10%ofthe
capitalraisedin2009torestoretheglobal
banking system to health.(a)
Acrossourbusiness,ourgoalistohelpclientssucceed,contribute
to orderly and well-functioning markets, and support global economic
growth. One of the most important functions we serve is extending
credit to companies to help them grow.
Average corporate loan size:
J.P. Morgan deals vs. industry average(a)
(in millions)
0
100
200
300
400
500
600
700
$800
$316
$691
J.P. Morgan
Industry
Average
119%
J.P. Morgan helped raise $102 billion for governments,
public sector organizations and institutions
 18% Education
 3%Housing
 9% Transportation
 12% Utilities/energy
 14% Healthcare
 44%Stateandlocal
governments
(a) Dealogic
• Advisedclientson322mergersandacquisi-
tions globally, more than any other bank.(a)
In fact, J.P. Morgan acted as advisor on 11 of
theyear’slargest25deals(a), including advising
on the year’s largest deal, Pfizer’s acquisition
of Wyeth, and serving as sole advisor to
ExxonMobilonitsacquisitionofXTOEnergy.
J.P.Morganalsoadvisedon119cross-border
deals, more than any other bank.(a)
• IntheU.S.,helpedraiseapproximately$102
billion,including$19billionofextendedcredit,
for state and local governments, healthcare
organizations and educational institutions, to
help build local infrastructure, improve social
services, expand universities and hospitals, and
fund medical research. In addition, committed
to provide financing urgently needed to fund
cashowshortfalls,including$4billionto
thestateofCaliforniaand$2billiontothe
state of New Jersey.
• Investedinrenewableenergyprojects,
including58windfarmsacross16U.S.states,
as well as in environmentally responsible
companies;in2009,J.P.Morganacquired
EcoSecurities,aleaderinsourcingand
developing emission reduction credits.