10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
JPMORGAN CHASE & CO | |||
Ticker: AMJ Fiscal Year: 2020 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenue | |||
| Investment banking fees | $ 9,486 | 7,501 | 7,550 |
| Principal transactions | 18,021 | 14,018 | 12,059 |
| Lending- and deposit-related fees | 6,511 | 6,626 | 6,377 |
| Asset management, administration and commissions | 18,177 [1] | 16,908 | 16,793 |
| Investment securities gains/(losses) | 802 | 258 | (395) |
| Mortgage fees and related income | 3,091 | 2,036 | 1,254 |
| Card income | 4,435 | 5,076 [2] | 4,743 |
| Other income | 4,457 | 5,731 | 5,343 |
| Noninterest revenue | 64,980 | 58,154 | 53,724 |
| Interest income | 64,523 | 84,040 | 76,100 |
| Interest expense | 9,960 | 26,795 | 21,041 |
| Net interest income | 54,563 | 57,245 | 55,059 |
| Total net revenue | 119,543 | 115,399 | 108,783 |
| Provision for credit losses | 17,480 | 5,585 | 4,871 |
| Noninterest expense | |||
| Compensation expense | 34,988 | 34,155 | 33,117 |
| Occupancy expense | 4,449 | 4,322 | 3,952 |
| Technology, communications and equipment expense | 10,338 | 9,821 | 8,802 |
| Professional and outside services | 8,464 | 8,533 | 8,502 |
| Marketing | 2,476 | 3,351 | 3,044 |
| Other expense | 5,941 | 5,087 | 5,731 |
| Total noninterest expense | 66,656 | 65,269 | 63,148 |
| Income before income tax expense | 35,407 | 44,545 | 40,764 |
| Income tax expense | 6,276 | 8,114 | 8,290 |
| Net income | 29,131 | 36,431 | 32,474 |
| Net income applicable to common stockholders | 27,410 | 34,642 | 30,709 |
| Net income per common share data | |||
| Basic earnings per share (in dollars per share) | 8.89 | 10.75 | 9.04 |
| Diluted earnings per share (in dollars per share) | 8.88 | 10.72 | 9.00 |
| Weighted-average basic shares (in shares) | 3,082,400 | 3,221,500 | 3,396,400 |
| Weighted-average diluted shares (in shares) | 3,087,400 | 3,230,400 | 3,414,000 |
| [1] In the first quarter of 2020, the Firm reclassified certain fees from asset management, administration and commissions to lending- and deposit-related fees. Prior-period amounts have been revised to conform with the current presentation. | |||
| [2] In the second quarter of 2020, the Firm reclassified certain spend-based credit card reward costs from marketing expense to be a reduction of card income, with no effect on net income. Prior-period amounts have been revised to conform with the current presentation. | |||
| External Links | |
| JPMORGAN CHASE & CO (AMJ) Fiscal Year 2020 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |