Jpmorga Chase

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Date Submitted: 10/02/2012 09:44 AM

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JPMorgan Chase & Co. is an investment bank that provides services for corporations, financial intuitions, governments, and services investors worldwide. Its products and services are corporate strategy and structure advising, equity and debt capital rising, risk management, research, market making in cash securities and prime brokerage.  The company office is located in New York and employs 260,157 people. JPMorgan was founded in 1823 and it is a Fortune 1000 company with 225,114 stockholders. JPMorgan operations are divided into 6 business lines: Investments Bank, Retail Financial Services (RFS), Card Services & Auto (CSA), Commercial Banking (CB), Treasury & Securities Services (TSS), and Asset Management (AM).]

            

 

Financial Position

 

The company Ticker symbol is JPM and their stock Exchanges are in Chicago, New York and the Pacific. Its market region is international. JPMorgan Accounting Firm is PricewaterhouseCoopers LLP located in New York- NY and their primary bank is JPMorgan Chase Bank, NA, New York, NY. The CEO is James Dimon, CFO- D.L. Brauntein, COO & CTO - P. Cherasia, Chief Administrator Officer – F.J. Bisignano, and EVP & General Counsel – S.M. Cutler.

First Quarter (1Q) 2012 total net revenue $ 26.712 billion, up 5.9% from $25.221 billion in 1Q 2011

* Net interest income fell 2.0% to $11.67 billion in 1Q 2011

* Noninterest income rose 13.01% to $15.046 billion

* $2.48 billion increase in mortgage fees and income

* $1.43 billion increase investment securities gain

* $1.36 billion decrease principal transactions (trading)

* $4,12 million decline investment banking income

* $726 million credit losses in 1Q 2011

* 21% decline in nonperforming loans losses

* 1Q 2012 earnings share were $1.31 compare to $1.28 in the 1Q 2011

* 1Q 2011 total net revenues rose 24.4%

* 61% increase in noninterest income (1Q 2011)

* 3.8% decrease in net interest income (1Q 2011)

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