JP Morgan Chase 2008 Annual Report Download - page 132
Download and view the complete annual report
Please find page 132 of the 2008 JP Morgan Chase annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
 |
 |
Consolidated statements of income
130 JPMorgan Chase & Co./ 2008 Annual Report
Year ended December 31, (in millions, except per share data) 2008 2007 2006
Revenue
Investment banking fees $ 5,526 $ 6,635 $ 5,520
Principal transactions (10,699) 9,015 10,778
Lending & deposit-related fees 5,088 3,938 3,468
Asset management, administration and commissions 13,943 14,356 11,855
Securities gains (losses) 1,560 164 (543)
Mortgage fees and related income 3,467 2,118 591
Credit card income 7,419 6,911 6,913
Other income 2,169 1,829 2,175
Noninterest revenue 28,473 44,966 40,757
Interest income 73,018 71,387 59,107
Interest expense 34,239 44,981 37,865
Net interest income 38,779 26,406 21,242
Total net revenue 67,252 71,372 61,999
Provision for credit losses 20,979 6,864 3,270
Noninterest expense
Compensation expense 22,746 22,689 21,191
Occupancy expense 3,038 2,608 2,335
Technology, communications and equipment expense 4,315 3,779 3,653
Professional & outside services 6,053 5,140 4,450
Marketing 1,913 2,070 2,209
Other expense 3,740 3,814 3,272
Amortization of intangibles 1,263 1,394 1,428
Merger costs 432 209 305
Total noninterest expense 43,500 41,703 38,843
Income from continuing operations before income tax expense (benefit) 2,773 22,805 19,886
Income tax expense (benefit) (926) 7,440 6,237
Income from continuing operations 3,699 15,365 13,649
Income from discontinued operations —— 795
Income before extraordinary gain 3,699 15,365 14,444
Extraordinary gain 1,906 ——
Net income $ 5,605 $15,365 $14,444
Net income applicable to common stock $ 4,931 $15,365 $14,440
Per common share data
Basic earnings per share:
Income from continuing operations $ 0.86 $ 4.51 $ 3.93
Net income 1.41 4.51 4.16
Diluted earnings per share:
Income from continuing operations 0.84 4.38 3.82
Net income 1.37 4.38 4.04
Average basic shares 3,501 3,404 3,470
Average diluted shares 3,605 3,508 3,574
Cash dividends per common share $ 1.52 $ 1.48 $ 1.36
The Notes to Consolidated Financial Statements are an integral part of these statements.