JP Morgan Chase 2008 Annual Report Download - page 32

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2008 Highlights and Accomplishments
• First investment bank in history to be
ranked #1 in global investment banking
fees(a) ; debt, equity and equity-related(b) ;
announced M&A
(a)
; equity and equity-
related(b) ; debt(b) ; as well as loans.(b)
• Led the market with more than $300
billion in corporate loans to over 630
companies; the firm’s average loan size
was roughly $475 million, significantly
higher than the market’s average size
of $400 million.(b)
• Renewed, restructured or developed
new credit facilities totaling over $11
billion for states, municipalities, hospi-
tals and higher education institutions.
The firm also led or participated in the
issuance of more than $700 billion in
bonds for municipal clients.(c)
• The only bank ever to win six top
International Financing Review awards
in one year: Bank of the Year, Bond
House of the Year, Equity House of the
Year, Derivatives House of the Year,
Securitisation House of the Year and
Leveraged Finance House of the Year.
•Risk magazine’s Bank Risk Manager of
the Year and Derivatives House of the
Year, and Financial News’ European
Investment Bank of the Year.
• Received 15 Greenwich Associates’ 2008
Quality Leader distinctions, more than
any other firm.
• Client revenue across J.P. Morgan’s
Markets businesses increased 40%
year-over-year:
– Record performance in Rates and
Currencies, Commodities and
Emerging Markets.
• Prime Services acquired from Bear
Stearns more than doubled the number
of $1 billion+ relationships from June
to December.
• Reduced legacy leveraged lending
funded and unfunded commitments by
52% and mortgage-related exposures
by 69% since year-end 2007, while
integrating the Bear Stearns portfolio.
• Gross investment banking revenue from
Commercial Banking clients of $1 billion,
up 9% from 2007.
J.P. Morgan is one of the world’s
leading investment banks with
one of the most extensive
client franchises in the world.
Our scale and global footprint
enable us to help our clients
address their full range of
financial needs.
We offer clients a complete
platform of financial services,
including strategic advice,
capital raising, restructuring,
risk management, market-
making and research. We
cover clients in more than
100 countries and have global
leadership positions in every
key product. J.P. Morgan also
selectively commits our own
capital to principal investing
and trading activities.
(a) Dealogic
(b) Thomson Reuters
(c) Internal reporting
Throughout the global credit crisis,
J.P. Morgan’s Investment Bank has
actively supported our clients’
financing and liquidity needs.
In 2008, we provided more than
$300 billion in loans to companies
and over $11 billion in credit to
states, municipalities, hospitals
and higher education institutions.
We also helped our clients raise
billions more in the capital markets.
Investment Bank