JP Morgan Chase 2006 Annual Report Download - page 53

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JPMorgan Chase & Co. / 2006 Annual Report 51
Selected metrics
Year ended December 31,
(in millions, except headcount, ranking
data, and where otherwise noted) 2006 2005 2004(e)
Revenue by client segment
Institutional $ 1,972 $ 1,395 $ 891
Retail 1,885 1,544 1,184
Private Bank 1,907 1,689 1,554
Private Client Services 1,023 1,036 550
Total net revenue $ 6,787 $ 5,664 $ 4,179
Business metrics
Number of:
Client advisors 1,506 1,484 1,377
Retirement planning services participants
1,362,000 1,299,000 918,000
% of customer assets in 4 & 5 Star Funds(a) 58% 46% 48%
% of AUM in 1st and 2nd quartiles:(b)
1 year 83 69 66
3 years 77 68 71
5 years 79 74 68
Selected average balance sheets data
Total assets $ 43,635 $ 41,599 $ 37,751
Loans(c) 26,507 26,610 21,545
Deposits(c)(d) 50,607 42,123 32,431
Equity 3,500 2,400 3,902
Headcount 13,298 12,127 12,287
Credit data and quality statistics
Net charge-offs (recoveries) $ (19) $23 $72
Nonperforming loans 39 104 79
Allowance for loan losses 121 132 216
Allowance for lending-related commitments 645
Net charge-off (recovery) rate (0.07)% 0.09% 0.33%
Allowance for loan losses to average loans 0.46 0.50 1.00
Allowance for loan losses to nonperforming loans 310 127 273
Nonperforming loans to average loans 0.15 0.39 0.37
(a) Derived from Morningstar for the United States; Micropal for the United Kingdom,
Luxembourg, Hong Kong and Taiwan; and Nomura for Japan.
(b) Quartile rankings sourced from Lipper for the United States and Taiwan; Micropal for the
United Kingdom, Luxembourg, Hong Kong and Taiwan; and Nomura for Japan.
(c) The sale of BrownCo, which closed on November 30, 2005, included $3.0 billion in both
loans and deposits.
(d) Reflects the transfer in 2005 of certain consumer deposits from RFS to AM.
(e) 2004 results include six months of the combined Firm’s results and six months of heritage
JPMorgan Chase results.
AM’s client segments comprise the following:
Institutional brings comprehensive global investment services – including
asset management, pension analytics, asset-liability management and
active risk budgeting strategies – to corporate and public institutions,
endowments, foundations, not-for-profit organizations and governments
worldwide.
Retail provides worldwide investment management services and retire-
ment planning and administration through third-party and direct distribu-
tion of a full range of investment vehicles.
The Private Bank addresses every facet of wealth management for ultra-
high-net-worth individuals and families worldwide, including investment
management, capital markets and risk management, tax and estate plan-
ning, banking, capital raising and specialty-wealth advisory services.
Private Client Services offers high-net-worth individuals, families and
business owners in the United States comprehensive wealth management
solutions, including investment management, capital markets and risk man-
agement, tax and estate planning, banking, and specialty-wealth advisory
services.