Employee Stock-Based Incentives (Tables)

12 Months Ended

Dec. 31, 2014

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 2014.

	RSUs				Options/SARs
Year ended December 31, 2014	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	121,241		$	41.47	87,075		$	44.24
Granted	37,817		57.88		101		59.18
Exercised or vested	(54,265	)	40.67		(24,950	)	36.59
Forfeited	(4,225	)	47.32		(2,059	)	41.90
Canceled	NA		NA		(972	)	200.86
Outstanding, December 31	100,568		$	47.81	59,195		$	45.00	5.2	$	1,313,939
Exercisable, December 31	NA		NA		37,171		46.46		4.3	862,374

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)	2014		2013		2012
Cost of prior grants of RSUs and SARs that are amortized over their applicable vesting periods	$	1,371	$	1,440	$	1,810
Accrual of estimated costs of stock-based awards to be granted in future periods including those to full-career eligible employees	819		779		735
Total noncash compensation expense related to employee stock-based incentive plans	$	2,190	$	2,219	$	2,545

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)	2014		2013		2012
Cash received for options exercised	$	63	$	166	$	333
Tax benefit realized(a)	104		42		53

(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, 2013 and 2012, under the Black-Scholes valuation model. There were no material grants of stock options or SARs for the year ended December 31, 2014.

Year ended December 31,	2013		2012
Weighted-average annualized valuation assumptions
Risk-free interest rate	1.18	%	1.19	%
Expected dividend yield	2.66		3.15
Expected common stock price volatility	28		35
Expected life (in years)	6.6		6.6