JP Morgan Chase & Co. (JPM) Financial Statements (2024 and earlier)

Company Profile

Business Address 383 MADISON AVENUE
NEW YORK, NY 10017
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments624,151567,234740,834527,609263,631278,793
Cash and cash equivalents624,151567,234740,834527,609263,631278,793
Total current assets:624,151567,234740,834527,609263,631278,793
Noncurrent Assets
Operating lease, right-of-use asset8,4317,7827,8888,0068,190
Property, plant and equipment  27,73427,07027,10925,81314,934
Intangible assets, net (including goodwill)55,83451,66250,31549,24847,82347,471
Goodwill52,63451,66250,31549,24847,82347,471
Intangible assets, net (excluding goodwill)3,200     
Investment, proportional amortization method, elected, amount14,60012,10010,8009,7008,6007,900
Total noncurrent assets:78,86599,27896,07394,06390,42670,305
Other undisclosed assets3,172,3772,999,2312,906,6602,764,3992,333,3222,273,434
TOTAL ASSETS:3,875,3933,665,7433,743,5673,386,0712,687,3792,622,532
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt44,71244,02753,59445,20840,92069,276
Securities loaned8,5329,5338,3488,3019,68912,740
Total current liabilities:53,24453,56061,94253,50950,60982,016
Noncurrent Liabilities
Liabilities, other than long-term debt 6,8005,4004,6003,8002,8002,300
Investment program, proportional amortization method, elected, commitment 6,8005,4004,6003,8002,8002,300
Total noncurrent liabilities: 6,8005,4004,6003,8002,8002,300
Other undisclosed liabilities3,487,4713,314,4513,382,8983,049,4082,372,6402,281,701
Total liabilities:3,547,5153,373,4113,449,4403,106,7172,426,0492,366,017
Equity
Equity, attributable to parent, including:327,878292,332294,127279,354261,330256,515
Common stock4,1054,1054,1054,1054,1054,105
Treasury stock, value(116,217)(107,336)(105,415)(88,184)(83,049)(60,494)
Additional paid in capital90,12889,04488,41588,39488,52289,162
Accumulated other comprehensive income (loss)(10,443)(17,341)(84)7,9861,569(1,507)
Retained earnings332,901296,456272,268236,990223,211199,202
Other undisclosed equity, attributable to parent27,40427,40434,83830,06326,97226,047
Total equity:327,878292,332294,127279,354261,330256,515
TOTAL LIABILITIES AND EQUITY:3,875,3933,665,7433,743,5673,386,0712,687,3792,622,532

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues158,104128,695121,649119,543115,627109,029
Principal transactions revenue, net16,30418,02114,01812,059
Net investment income      
Revenues, excluding interest and dividends33,79929,429    
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(9,320)(6,389) (17,480)(5,585)(4,871)
Gross profit:148,784122,306121,649102,063110,042104,158
Operating expenses(28,662)(28,139)(27,307)  (26,260)
Operating income:120,12294,16794,342102,063110,04277,898
Nonoperating income
(Investment Income, Nonoperating)
18,72611,3477,523  7,248
Interest and debt expense(81,321)(26,097)(5,553)(9,960)(26,795)(22,383)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (56,696)(38,702)(21,999)
Income from continuing operations before equity method investments, income taxes:57,52779,41796,31235,40744,54540,764
Other undisclosed income (loss) from continuing operations before income taxes4,085(33,251)(36,750)   
Income from continuing operations before income taxes:61,61246,16659,56235,40744,54540,764
Income tax expense(12,060)(8,490)(11,228)(6,276)(8,114)(8,290)
Income from continuing operations:49,55237,67648,33429,13136,43132,474
Income before gain (loss) on sale of properties:48,33429,13136,43132,474
Net income attributable to parent:49,55237,67648,33429,13136,43132,474
Other undisclosed net loss available to common stockholders, basic(1,792)(1,784)(1,831)(1,721)(1,789)(1,765)
Net income available to common stockholders, diluted:47,76035,89246,50327,41034,64230,709

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:49,55237,67648,33429,13136,43132,474
Other comprehensive income (loss) 421(1,459)1,129214  
Other undisclosed comprehensive income      
Comprehensive income:49,97336,21749,46329,34536,43132,474
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6,477(15,798)(9,199)6,2033,076(1,476)
Comprehensive income, net of tax, attributable to parent:56,45020,41940,26435,54839,50730,998

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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