Jpmorgan

annual report 2009

T h e Way F o rWa r d

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Financial Highlights

As of or for the year ended December 31,

(in millions, except per share, ratio and headcount data) 2009 2008

Reported basis (a)

Net revenue $100,434 $67,252

Noninterest expense 52,352 43,500

Pre-provision pro t 48,082 23,752

Provision for credit losses 32,015 20,979

Income before extraordinary gain 11,652 3,699

Extraordinary gain 76 1,906

Net income $11,728 $5,605

Per common share:

Basic earnings per share

Income before extraordinary gain $2.25 $0.81

Net income 2.27 1.35

Diluted earnings per share

Income before extraordinary gain $2.24 $0.81

Net income 2.26 1.35

Cash dividends declared per share 0.20 1.52

Book value per share 39.88 36.15

Return on common equity

Income before extraordinary gain 6% 2 %

Net income 6 4

Return on tangible common equity (b)

Income before extraordinary gain 10% 4 %

Net income 10 6

Tier 1 capital ratio 11.1 10.9

Total capital ratio 14.8 14.8

Tier 1 common capital ratio (b) 8.8 7.0

Total assets $ 2,031,989 $ 2,175,052

Loans 633,458 744,898

Deposits 938,367 1,009,277

Total stockholders’ equity 165,365 166,884

Headcount 222,316 224,961

(a) Results are presented in accordance with accounting principles generally accepted in the United States of America,

except where otherwise noted.

(b) Non-GAAP nancial measure. For further discussion see “Explanation and reconciliation of the rm’s use of

non-GAAP nancial measures” and “Regulatory capital” in this Annual Report.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global nancial services rm with

assets of $2.0 trillion and...