JP Morgan Chase 2015 Annual Report Download - page 94

Management’s discussion and analysis
84 JPMorgan Chase & Co./2015 Annual Report
units, or to certain technology and operations, are not
allocated to the business segments and are retained in
Corporate. Expense retained in Corporate generally includes
parent company costs that would not be incurred if the
segments were stand-alone businesses; adjustments to
align corporate support units; and other items not aligned
with a particular business segment.
Segment Results – Managed Basis
The following tables summarize the business segment results for the periods indicated.
Year ended December 31, Total net revenue Total noninterest expense Pre-provision profit/(loss)
(in millions) 2015 2014 2013 2015 2014 2013 2015 2014 2013
Consumer & Community Banking $ 43,820 $ 44,368 $ 46,537 $ 24,909 $ 25,609 $ 27,842 $ 18,911 $ 18,759 $ 18,695
Corporate & Investment Bank 33,542 34,595 34,712 21,361 23,273 21,744 12,181 11,322 12,968
Commercial Banking 6,885 6,882 7,092 2,881 2,695 2,610 4,004 4,187 4,482
Asset Management 12,119 12,028 11,405 8,886 8,538 8,016 3,233 3,490 3,389
Corporate 267 12 (22) 977 1,159 10,255 (710) (1,147) (10,277)
Total $ 96,633 $ 97,885 $ 99,724 $ 59,014 $ 61,274 $ 70,467 $ 37,619 $ 36,611 $ 29,257
Year ended December 31, Provision for credit losses Net income/(loss) Return on equity
(in millions, except ratios) 2015 2014 2013 2015 2014 2013 2015 2014 2013
Consumer & Community Banking $ 3,059 $ 3,520 $ 335 $ 9,789 $ 9,185 $ 11,061 18% 18% 23%
Corporate & Investment Bank 332 (161) (232) 8,090 6,908 8,850 12 10 15
Commercial Banking 442 (189) 85 2,191 2,635 2,648 15 18 19
Asset Management 44651,935 2,153 2,083 21 23 23
Corporate (10) (35) (28) 2,437 864 (6,756) NM NM NM
Total $ 3,827 $ 3,139 $ 225 $ 24,442 $ 21,745 $ 17,886 11% 10% 9%