JP Morgan Chase 2009 Annual Report Download - page 43

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Commercial Banking
Commercial Banking
servesnearly25,000clients
nationally, including
corporations, municipalities,
financial institutions and
not-for-profit entities with
annual revenue generally
rangingfrom$10million
to$2billion,andmore
than30,000realestate
investors/owners.
Deliveringextensive
industry knowledge, local
expertise and dedicated
service, Commercial
Banking partners with
the firm’s other businesses
to provide comprehensive
solutions, including lending,
treasury services, invest-
ment banking and asset
management, to meet its
clients’ domestic and inter-
national financial needs.
2009 HIGHLIGHTS AND ACCOMPLISHMENTS
• MaintainedTop3leadershippositionnationally
in market penetration and lead share.(a)
• Ranked#1multi-familylender(b)and#2asset-
based lead left arranger.(c)
• Deliveredmorethan$1billioningross
investment banking fees.
• Increasedrevenueby20%toarecord
$5.7billion.
• Improvedoperatingmarginby25%to
$3.5billiononrecordrevenueandcontinued
focus on expense management.
• Deliveredadouble-digitincreaseinaverage
liabilitybalances,up10%.
• Addedinexcessof1,700newclients
andexpandedmorethan7,600existing
relationships.
• Expandedintoveadditionalstatesacross
theUnitedStateswithlocalmiddlemarket
bankers delivering complete lending and
treasury solutions.
• Demonstratedcreditandriskmanagement
discipline with an allowance coverage ratio of
morethan3%ofretainedloansandadecrease
ofmorethan12%inrealestateexposure.
• Achievedthesecondlowestnonperforming
loan ratio in our peer group.
• Experiencedonlinebankingrevenuegrowth
ofnearly10%andremotedepositvolumeof
nearly$6billion.
• Recognizedforourcommitmenttoscal
responsibilitybyearninga2009National
GreenwichExcellenceAwardforFinancial
StabilityinMiddleMarketBanking.(d)
• Successfullycompletedtheconversionof
Washington Mutual clients’ commercial
accounts onto Chase platforms.
• Continuedtosupportcommunitiesbyextend-
ingnearly$8billioninnewnancingtomore
than500governmententities,healthcare
companies, educational institutions and not-
for-profit organizations.
(a) Greenwich Associates,
Full Year 2009
(b) FDIC, September 2009
(c) Loan Pricing Corporation,
Full Year 2009
(d) Greenwich Associates, 2009
Withocesinmorethan100U.S.citiesandeightcountriesaround
the world, we are a stable and dependable local banking partner
with access to global financial solutions. Our bankers build long-term
relationships to help our clients succeed by supporting their lending,
treasury, investment banking and asset management needs.
Commercial Banking serves nearly 25,000 clients
in 26 states across the country
Stateswithexpandedmiddlemarketpresence
Nearly $8 billion in new financing has been extended
to help support our communities
Healthcare
Not-for-profits
Education
Governments
38%
28%
24%
10%