JP Morgan Chase 2014 Annual Report Download - page 97

JPMorgan Chase & Co./2014 Annual Report 95
Business metrics
As of or for the year ended
December 31,
(in millions, except ratios and
where otherwise noted) 2014 2013 2012
Market risk-related revenue –
trading loss days(a) 90 7
Assets under custody (“AUC”) by
asset class (period-end) in
billions:
Fixed Income $ 12,328 $ 11,903 $ 11,745
Equity 6,524 6,913 5,637
Other(b) 1,697 1,669 1,453
Total AUC $ 20,549 $ 20,485 $ 18,835
Client deposits and other third
party liabilities (average)(c) $417,369 $383,667 $355,766
Trade finance loans (period-end) 25,713 30,752 35,783
(a) Market risk-related revenue is defined as the change in value of: principal
transactions revenue; trading-related net interest income; brokerage
commissions, underwriting fees or other revenue; and revenue from syndicated
lending facilities that the Firm intends to distribute; gains and losses from DVA
and FVA are excluded. Market risk-related revenue – trading loss days represent
the number of days for which the CIB posted losses under this measure. The loss
days determined under this measure differ from the loss days that are
determined based on the disclosure of market risk-related gains and losses for
the Firm in the VaR back-testing discussion on pages 134–135.
(b) Consists of mutual funds, unit investment trusts, currencies, annuities, insurance
contracts, options and other contracts.
(c) Client deposits and other third party liabilities pertain to the Treasury Services
and Securities Services businesses, and include deposits, as well as deposits that
are swept to on-balance sheet liabilities (e.g., commercial paper, federal funds
purchased and securities loaned or sold under repurchase agreements) as part
of their client cash management program.
League table results – IB Fee Share(a) League table results – volumes(e)
2014 2013 2012 2014 2013 2012
Year ended
December 31, Fee Share Rankings Fee Share Rankings Fee Share Rankings Year ended December 31, Market Share Rankings Market Share Rankings Market Share Rankings
Debt, equity and
equity-related Debt, equity and equity-related
Global 7.6% #1 8.3% #1 7.8% #1 Global 6.8% #1 7.3% #1 7.2% #1
U.S. 10.7 1 11.5 1 11.1 1 U.S. 11.8 1 12.0 1 11.5 1
Long-term debt(b) Long-term debt(b)
Global 8.0 1 8.2 1 8.3 1 Global 6.7 1 7.2 1 7.1 1
U.S. 11.6 1 11.6 1 11.7 1 U.S. 11.3 1 11.7 1 11.6 1
Equity and equity-
related Equity and equity- related
Global(c) 7.1 3 8.4 2 7.1 1 Global(c) 7.6 3 8.2 2 7.8 4
U.S. 9.6 2 11.3 2 10.1 2 U.S. 11.0 2 12.1 2 10.4 5
M&A(d) M&A announced(d)
Global 8.2 2 7.6 2 6.5 2 Global 21.6 2 23.5 2 20.0 2
U.S. 10.0 2 8.8 2 7.7 2 U.S. 27.8 2 36.4 2 24.3 2
Loan syndications Loan syndications
Global 9.5 1 9.9 1 8.2 2 Global 12.4 1 11.6 1 11.6 1
U.S. 13.3 1 13.8 1 11.2 2 U.S. 19.4 1 17.8 1 18.2 1
Global Investment
Banking fees 8.1% #1 8.5% #1 7.5% #1
(a) Source: Dealogic. Reflects the ranking and share of Global Investment Banking fees
(b) Long-term debt rankings include investment-grade, high-yield, supranationals, sovereigns, agencies, covered bonds, asset-backed securities (“ABS”) and mortgage-backed
securities; and exclude money market, short-term debt, and U.S. municipal securities.
(c) Global equity and equity-related rankings include rights offerings and Chinese A-Shares.
(d) M&A and Announced M&A rankings reflect the removal of any withdrawn transactions. U.S. M&A revenue wallet represents wallet from client parents based in the U.S. U.S.
announced M&A volumes represents any U.S. involvement ranking.
(e) Source: Dealogic. Reflects transaction volume and market share. Global announced M&A is based on transaction value at announcement; because of joint M&A
assignments, M&A market share of all participants will add up to more than 100%. All other transaction volume-based rankings are based on proceeds, with full credit to
each book manager/equal if joint.