Financial performance of JPMorgan Chase Year ended December 31, (in millions, except per share data and ratios) 2019 2018 Change Selected income statement data Total net revenue 115,627 109,029 6% Total noninterest expense 65,497 63,394 Pre-provision profit 50,130 45,635 10 Provision for credit losses 5,585 4,871 15 Net income 36,431 32,474 12 Diluted earnings per share 10.72 9.00 19 Selected ratios and metrics Return on common equity 15% 13% Return on tangible common equity 19 17 Book value per share 75.98 70.35 Tangible book value per share 60.98 56.33 Capital ratios(a) CET1 12.4% 12.0% Tier 1 capital 14.1 13.7 Total capital 16.0 15.5 (a) The Basel III capital rules became fully phased-in effective January 1, 2019. Prior to this date, the required capital measures were subject to the transitional rules which, as of December 31, 2018, were the same on a fully phased-in and transitional basis. Refer to Capital Risk Management on pages 85-92 for additional information on these measures.
Financial performance of JPMorgan Chase Year ended December 31, (in millions, except per share data and ratios) 2019 2018 Change Selected income statement data Total net revenue 115,627 109,029 6% Total noninterest expense 65,497 63,394 Pre-provision profit 50,130 45,635 10 Provision for credit losses 5,585 4,871 15 Net income 36,431 32,474 12 Diluted earnings per share 10.72 9.00 19 Selected ratios and metrics Return on common equity 15% 13% Return on tangible common equity 19 17 Book value per share 75.98 70.35 Tangible book value per share 60.98 56.33 Capital ratios(a) CET1 12.4% 12.0% Tier 1 capital 14.1 13.7 Total capital 16.0 15.5 (a) The Basel III capital rules became fully phased-in effective January 1, 2019. Prior to this date, the required capital measures were subject to the transitional rules which, as of December 31, 2018, were the same on a fully phased-in and transitional basis. Refer to Capital Risk Management on pages 85-92 for additional information on these measures.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Practice Pack
Hello-
Please help me find Net Profit Margin.
Thanks,

Transcribed Image Text:Financial performance of JPMorgan Chase
Year ended December 31,
(in millions, except per share data and ratios)
2019
2018
Change
Selected income statement data
Total net revenue
115,627
109,029
6%
Total noninterest expense
65,497
63,394
Pre-provision profit
50,130
45,635
10
Provision for credit losses
5,585
4,871
15
Net income
36,431
32,474
12
Diluted earnings per share
10.72
9.00
19
Selected ratios and metrics
Return on common equity
15%
13%
Return on tangible common equity
19
17
Book value per share
75.98
70.35
Tangible book value per share
60.98
56.33
Capital ratios(a)
CET1
12.4%
12.0%
Tier 1 capital
14.1
13.7
Total capital
16.0
15.5
(a) The Basel III capital rules became fully phased-in effective January 1, 2019. Prior to this date, the required
capital measures were subject to the transitional rules which, as of December 31, 2018, were the same on a fully
phased-in and transitional basis. Refer to Capital Risk Management on pages 85-92 for additional information
on these measures.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Includes step-by-step video
Trending now
This is a popular solution!
Learn your way
Includes step-by-step video
Step by step
Solved in 2 steps with 1 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education