JP Morgan Chase 2015 Annual Report Download - page 107

JPMorgan Chase & Co./2015 Annual Report 97
League table results – wallet share League table results – volumes
2015 2014 2013 2015 2014 2013
Year ended
December 31,
Fee
Share Rankings
Fee
Share Rankings
Fee
Share Rankings
Year ended
December 31,
Market
Share Rankings
Market
Share Rankings
Market
Share Rankings
Based on fees(a) Based on volume(f)
Debt, equity and
equity-related
Debt, equity and
equity-related
Global 7.7% #1 7.6% #1 8.3% #1 Global 6.8% #1 6.8% #1 7.3% #1
U.S. 11.6 1 10.7 1 11.4 1 U.S. 11.3 1 11.8 1 11.9 1
Long-term debt(b) Long-term debt(b)
Global 8.3 1 8.0 1 8.2 1 Global 6.8 1 6.7 1 7.2 1
U.S. 11.9 1 11.7 1 11.5 2 U.S. 10.8 1 11.3 1 11.8 1
Equity and equity-
related
Equity and equity-
related
Global(c) 7.0 1 7.1 3 8.4 2 Global(c) 7.2 3 7.5 3 8.2 2
U.S. 11.1 1 9.6 3 11.2 2 U.S. 12.4 1 11.0 2 12.1 2
M&A(d) M&A announced(d)
Global 8.5 2 8.0 2 7.5 2 Global 30.1 3 20.5 2 24.1 2
U.S. 10.0 2 9.7 2 8.7 2 U.S. 36.7 2 25.2 3 36.9 1
Loan syndications Loan syndications
Global 7.6 1 9.3 1 9.9 1 Global 10.5 1 12.3 1 11.6 1
U.S. 10.7 2 13.1 1 13.8 1 U.S. 16.8 #1 19.0 #1 17.8 #1
Global Investment
Banking fees (a)(e) 7.9% #1 8.0% #1 8.5% #1
(a) Source: Dealogic. Reflects the ranking of revenue wallet and market share.
(b) Long-term debt rankings include investment-grade, high-yield, supranationals, sovereigns, agencies, covered bonds, asset-backed securities (“ABS”) and MBS; and exclude
money market, short-term debt, and U.S. municipal securities.
(c) Global equity and equity-related rankings include rights offerings and Chinese A-Shares.
(d) M&A and Announced M&A rankings reflect the removal of any withdrawn transactions. U.S. M&A revenue wallet represents wallet from client parents based in the U.S. U.S.
announced M&A volumes represents any U.S. involvement ranking.
(e) Global investment banking fees per Dealogic exclude money market, short-term debt and shelf deals.
(f) Source: Dealogic. Reflects transaction volume and market share. Global announced M&A is based on transaction value at announcement; because of joint M&A
assignments, M&A market share of all participants will add up to more than 100%. All other transaction volume-based rankings are based on proceeds, with full credit to
each book manager/equal if joint.
Business metrics
As of or for the year ended
December 31,
(in millions, except where otherwise noted) 2015 2014 2013
Market risk-related revenue – trading loss days(a) 990
Assets under custody (“AUC”) by asset class (period-end) in billions:
Fixed Income $ 12,042 $ 12,328 $ 11,903
Equity 6,194 6,524 6,913
Other(b) 1,707 1,697 1,669
Total AUC $ 19,943 $ 20,549 $ 20,485
Client deposits and other third party liabilities (average)(c) $ 395,297 $ 417,369 $ 383,667
Trade finance loans (period-end) 19,255 25,713 30,752
(a) Market risk-related revenue is defined as the change in value of: principal transactions revenue; trading-related net interest income; brokerage commissions,
underwriting fees or other revenue; and revenue from syndicated lending facilities that the Firm intends to distribute; gains and losses from DVA and FVA are
excluded. Market risk-related revenue–trading loss days represent the number of days for which the CIB posted losses under this measure. The loss days determined
under this measure differ from the loss days that are determined based on the disclosure of market risk-related gains and losses for the Firm in the value-at-risk
(“VaR”) back-testing discussion on pages 135–137.
(b) Consists of mutual funds, unit investment trusts, currencies, annuities, insurance contracts, options and other contracts.
(c) Client deposits and other third party liabilities pertain to the Treasury Services and Securities Services businesses.