Employee Stock Based Incentives (Tables)

12 Months Ended

Dec. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted Stock Unit (RSU) activity

The following table summarizes JPMorgan Chase’s RSUs, employee stock options and SARs activity for 2012.

	RSUs				Options/SARs
Year ended December 31, 2012	Number of shares		Weighted-average grant date fair value		Number of awards		Weighted-average exercise price		Weighted-average remaining contractual life (in years)	Aggregate intrinsic value
(in thousands, except weighted-average data, and where otherwise stated)
Outstanding, January 1	166,631		$	37.65	155,761		$	40.58
Granted	59,646		35.73		14,738		35.70
Exercised or vested	(79,062	)	30.91		(18,675	)	26.45
Forfeited	(5,209	)	40.22		(3,888	)	38.07
Canceled	NA		NA		(32,030	)	40.10
Outstanding, December 31	142,006		$	40.49	115,906		$	42.44	5.5	$	721,059
Exercisable, December 31	NA		NA		70,576		45.87		4.2	420,713

Noncash compensation expense related to employee stock-based incentive plans

The Firm recognized the following noncash compensation expense related to its various employee stock-based incentive plans in its Consolidated Statements of Income.

Year ended December 31, (in millions)	2012		2011		2010
Cost of prior grants of RSUs and SARs that are amortized over their applicable vesting periods	$	1,810	$	1,986	$	2,479
Accrual of estimated costs of RSUs and SARs to be granted in future periods including those to full-career eligible employees	735		689		772
Total noncash compensation expense related to employee stock-based incentive plans	$	2,545	$	2,675	$	3,251

Cash received from the exercise of stock options and income tax benefit realized

The following table sets forth the cash received from the exercise of stock options under all stock-based incentive arrangements, and the actual income tax benefit realized related to tax deductions from the exercise of the stock options.

Year ended December 31, (in millions)	2012		2011		2010
Cash received for options exercised	$	333	$	354	$	205
Tax benefit realized(a)	53		31		14

(a) The tax benefit realized from dividends or dividend equivalents paid on equity-classified share-based payment awards that are charged to retained earnings are recorded as an increase to additional paid-in capital and included in the pool of excess tax benefits available to absorb tax deficiencies on share-based payment awards.

Assumptions used to value employee stock options and Stock Appreciation Rights (SARs)

The following table presents the assumptions used to value employee stock options and SARs granted during the years ended December 31, 2012, 2011 and 2010, under the Black-Scholes valuation model.

Year ended December 31,	2012		2011		2010
Weighted-average annualized valuation assumptions
Risk-free interest rate	1.19	%	2.58	%	3.89	%
Expected dividend yield(a)	3.15		2.20		3.13
Expected common stock price volatility	35		34		37
Expected life (in years)	6.6		6.5		6.4

(a) In 2012 and 2011, the expected dividend yield was determined using forward-looking assumptions. In 2010 the expected dividend yield was determined using historical dividend yields.