JP Morgan Chase 2015 Annual Report Download - page 186

Consolidated statements of income
176 JPMorgan Chase & Co./2015 Annual Report
Year ended December 31, (in millions, except per share data) 2015 2014 2013
Revenue
Investment banking fees $ 6,751 $ 6,542 $ 6,354
Principal transactions 10,408 10,531 10,141
Lending- and deposit-related fees 5,694 5,801 5,945
Asset management, administration and commissions 15,509 15,931 15,106
Securities gains(a) 202 77 667
Mortgage fees and related income 2,513 3,563 5,205
Card income 5,924 6,020 6,022
Other income 3,032 3,013 4,608
Noninterest revenue 50,033 51,478 54,048
Interest income 50,973 51,531 52,669
Interest expense 7,463 7,897 9,350
Net interest income 43,510 43,634 43,319
Total net revenue 93,543 95,112 97,367
Provision for credit losses 3,827 3,139 225
Noninterest expense
Compensation expense 29,750 30,160 30,810
Occupancy expense 3,768 3,909 3,693
Technology, communications and equipment expense 6,193 5,804 5,425
Professional and outside services 7,002 7,705 7,641
Marketing 2,708 2,550 2,500
Other expense 9,593 11,146 20,398
Total noninterest expense 59,014 61,274 70,467
Income before income tax expense 30,702 30,699 26,675
Income tax expense 6,260 8,954 8,789
Net income $ 24,442 $ 21,745 $ 17,886
Net income applicable to common stockholders $ 22,406 $ 20,077 $ 16,557
Net income per common share data
Basic earnings per share $ 6.05 $ 5.33 $ 4.38
Diluted earnings per share 6.00 5.29 4.34
Weighted-average basic shares 3,700.4 3,763.5 3,782.4
Weighted-average diluted shares 3,732.8 3,797.5 3,814.9
Cash dividends declared per common share $ 1.72 $ 1.58 $ 1.44
(a) The Firm recognized other-than-temporary impairment (“OTTI”) losses of $22 million, $4 million, and $21 million for the years ended December 31, 2015, 2014 and 2013,
respectively.
The Notes to Consolidated Financial Statements are an integral part of these statements.