JP Morgan Chase 2006 Annual Report Download - page 2

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JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 trillion
and operations in more than 50 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 JPMorgan and Chase brands.
Information about JPMorgan 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.
As of or for the year ended December 31,
(in millions, except per share, ratio and headcount data) 2006 2005
Reported basis (a)
Total net revenue $ 61,437 $ 53,748
Provision for credit losses 3,270 3,483
Total noninterest expense 38,281 38,426
Income from continuing operations 13,649 8,254
Net income $ 14,444 $ 8,483
Per common share:
Basic earnings per share
Income from continuing operations $ 3.93 $ 2.36
Net income 4.16 2.43
Diluted earnings per share
Income from continuing operations $ 3.82 $ 2.32
Net income 4.04 2.38
Cash dividends declared per share 1.36 1.36
Book value per share 33.45 30.71
Return on common equity
Income from continuing operations 12% 8%
Net income 13 8
Return on common equity (net of goodwill)
Income from continuing operations 20% 13%
Net income 22 14
Tier 1 capital ratio 8.7 8.5
Total capital ratio 12.3 12.0
Total assets $ 1,351,520 $1,198,942
Loans 483,127 419,148
Deposits 638,788 554,991
Total stockholders’ equity 115,790 107,211
Headcount 174,360 168,847
(a) Results are presented in accordance with accounting principles generally accepted in the United States of America.
FINANCIAL HIGHLIGHTS