JP Morgan Chase 2013 Annual Report Download - page 50

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are in the first or second performance
quartile during the 10-year period.
Part of a global leader in every segment
In addition to insights from some
of the industry’s best advisors and
strategists, we can oer clients solu-
tions that span their broad personal
and business financial needs by part-
nering across the JPMorgan Chase
franchise, which has best-in-class
CAGR: 12%
20132012201120102009200820072006200520042003
$1.41
$1.22
$0.88
$0.63
$1.97
$1.36 $1.43
$1.71 $1.59 $1.70
$2.03
Net Income
($inbillions)
CAGR: 10%
20132012201120102009200820072006200520042003
$6.8
$5.7
$4.9
$4.3
$8.6
$7.6 $8.0
$9.0 $9.5 $9.9
$11.3
Revenue
($inbillions)
CAGR=Compoundannualgrowthrate
consumer and community banking,
commercial banking and investment
banking capabilities.
Half a trillion in five years
The stability and strength of the rela-
tionships we have built – some of
which span generations and more
than 100 years – perhaps are most
evident in the $475 billion of cumu-
lative positive long-term flows we
2The10-yearcompoundannualgrowthrateforrevenue,net
incomeandclientassetsisbaseduponproformacombined
historicalnancialinformationreectinghowtheoperations
ofJPMorganChase&Co.andBankOnemayhaveappeared
onacombinedbasishadthetwocompaniesactuallybeen
mergedasofJanuary1,2003
received following the 2008 finan-
cial crisis. Since 2009, we have
achieved positive net flows from
every channel, every asset class and
every region.
19 quarters and 11 years
Equally impressive, our investment
management business reached its
19th consecutive quarter of net
long-term inflows, the longest such
streak by any of our key competitors.
Our wealth management business
marked its 11th year of positive
client flows, as well as record year-
end balances in deposits, mortgages
and loans.
Record financial results driven by
continued investment
Asset Management’s financial
performance maintained its steady
growth trajectory in 2013. Our
revenue of $11.3 billion, net income
of $2.0 billion and client assets of
$2.3 trillion all were records – up
14%, 19% and 12%, respectively.
While that’s clearly an outstanding
year, our long-term performance is
just as strong, with a 10-year com-
pound annual growth rate2 of 10%
for revenue, 12% for net income and
7% for client assets.
1,000+ new advisors and continued
reinvestment
Our financial success is the result of
having advisors who are laser-
focused on our clients’ needs and our
constant dedication to growing the
business by continually reinvesting
in our people, technology and innova-
tion. We have been focused on add-
ing top talent on the ground where