JP Morgan Chase 2012 Annual Report Download - page 20

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• Atthesametime,Chinesecompaniesare
looking for opportunities in the United
States; Brazilian companies are looking
at India; Indian companies are looking at
Europe; European companies are looking
at Africa; and so on. Our global network
serves all their needs – inbound, outbound
and locally.
• Outstandingloanbalancesforsmalland
mid-sized enterprises are projected to
grow at 6% a year through 2020, from
$2.2 trillion in 2012 to $3.5 trillion in
2020. At JPMorgan Chase, loans to middle
market companies have grown from $34.2
billion in 2009 to $50.7 billion in 2012 – a
compound annual growth rate of 14%.
• Investableassetsforhigh-net-worthindi-
viduals globally rose from $33 trillion in
2008 to $42 trillion in 2011 – up nearly 9%
on a compound annual growth rate. These
assets are projected to grow at an average
annual growth rate of about 6% through
2020. We serve this market and, over the
past few years, have increased our market
share by 13%.
• U.S.consumernancialassetshavegrown
an average of 6% per year over the last
decade, from $27 trillion in 2002 to $50
trillion in 2012. McKinsey estimates U.S.
consumer financial assets will continue to
grow at a similar rate through 2020.
• ThewaysinwhichU.S.companiesand
individual consumers use financial services
– beyond traditional products – also are
increasing. Examples include depositing
a check by taking its picture, moving
funds around the world with the push of
a button, banking via the smartphone and
utilizing person-to-person payment tools.
While the global environment is challenging
and complicated, we are fairly confident that
the number of clients who need our services,
and the services they need, will continue to
grow over time.