2Q18 Financial Results July 13, 2018

2Q18 Financial highlights ROTCE1 Common equity Tier 12 Net payout LTM3 17% 11.9% 100%  2Q18 net income of $8.3B and EPS of $2.29  Managed revenue of $28.4B4  Expense of $16.0B and managed overhead ratio of 56%4  Fortress balance sheet  Average core loans5 ex-CIB up 7% YoY and 2% QoQ  Basel III Fully Phased-In CET1 capital of $185B2 and Standardized CET1 ratio of 11.9%2  Delivered strong capital return  $6.6B6 distributed to shareholders in 2Q18, including $4.7B of net repurchases  Common dividend of $0.56 per share 1 See note 2 on slide 9 2 Represents estimated common equity Tier 1 (“CET1”) capital and ratio under the Basel III Fully Phased-In capital rules to which the Firm will be subject as of January 1, 2019. See note 7 on slide 9 3 Last twelve months (“LTM”). Net of stock issued to employees 4 See note 1 on slide 9 5 See note 8 on slide 9 1 6 Net of stock issued to employees

2Q18 Financial results1 $B, excluding EPS $ O/(U) 2Q18 1Q18 2Q17 Net interest income $13.6 $0.2 $1.1 Noninterest revenue 14.7 (0.3) 0.6 1 Managed revenue $B 2Q18 1Q18 2Q17 28.4 (0.1) 1.7 Net charge-offs $1.3 $1.3 $1.2 Expense Reserve build/(release) (0.0) (0.2) – 16.0 (0.1) 1.2 Credit costs Credit costs $1.2 $1.2 $1.2 1.2 – – Reported net income 2Q18 Tax rate $8.3 ($0.4) $1.3 Effective rate: 21.3% Net income applicable to common stockholders Managed rate: 25.8%1,5 $7.9 ($0.4) $1.3 Reported EPS $2.29 ($0.08) $0.47 2 2Q18 ROE O/H ratio ROE CCB 26% 55% 14% 15% 12% ROTCE2,3 CIB 17% 54% 17 19 14 CB 21% 36% 1,2 Overhead ratio – managed AWM 33% 72% 56 56 55 Memo: Adjusted expense 4 $16.0 – $1.3 Memo: Adjusted overhead ratio 1,2,4 56% 56% 57%  Firmwide total credit reserves of $14.4B  Consumer reserves of $9.4B  Wholesale reserves of $5.0B – net release of $44mm in 2Q18 Note: Totals may not sum due to rounding 1 See note 1 on slide 9 2 Actual numbers for all periods, not over/(under) 3 See note 2 on slide 9 2 4 See note 3 on slide 9 5 Fully taxable-equivalent adjustments (“TEA”) of $635mm in 2Q18, compared to $935mm in 2Q17

Fortress balance sheet and capital $B, except per share data 2Q18 1Q18 2Q17 Basel III Standardized Fully Phased-In1 CET1 capital $185 $184 $187 2Q18 Basel III CET1 capital ratio Advanced Fully 11.9% 11.8% 12.4% Phased-In of 12.8%1 Tier 1 capital $210 $209 $212 Tier 1 capital ratio 13.6% 13.5% 14.1% Total capital $238 $238 $242 Total capital ratio 15.4% 15.3% 16.0% Risk-weighted assets $1,549 $1,553 $1,507 Firm SLR2 6.5% 6.5% 6.6% Total assets (EOP) $2,590 $2,610 $2,563 Tangible common equity (EOP)3 $185 $184 $188 Tangible book value per share3 $55.14 $54.05 $53.29 1 Estimated for the current period. The prior year risk-weighted assets, as well as the ratios, have been revised to conform with the current period presentation. Reflects the capital rules to which the Firm will be subject as of January 1, 2019. See note 7 on slide 9 2 Estimated for the current period. Reflects the supplementary leverage ratio (“SLR”) which is effective as of January 1, 2018. See note 7 on slide 9 3 See note 2 on slide 9 3

Consumer & Community Banking1 $mm Financial performance $ O/(U)  Net income of $3.4B 2Q18 1Q18 2Q17  Revenue of $12.5B, up 10% YoY, driven by higher NII on deposit Revenue $12,497 ($100) $1,085 and card margin expansion and balance growth Consumer & Business Banking 6,131 409 898  2Q18 includes a card rewards liability adjustment of ~$330mm Home Lending 1,347 (162) (79)  Card, Merchant Services & Auto 5,019 (347) 266 Expense of $6.9B, up 6% YoY, driven by higher auto lease Expense 6,879 (30) 379 depreciation and investments in technology Credit costs 1,108 (209) (286)  Credit costs of $1.1B, down $286mm YoY Net charge-offs 1,108 (209) (36)  Net recovery in Home Lending from a loan sale predominantly Change in allowance – – (250) offset by higher net charge-offs in Card Net income $3,412 $86 $1,189  No reserve actions this quarter vs. net build in 2Q17 Key drivers/statistics ($B)2 Key drivers/statistics ($B) – detail by business Equity $51.0 $51.0 $51.0 2Q18 1Q18 2Q17 ROE 26% 25% 17% Consumer & Business Banking Overhead ratio 55 55 57 Average Business Banking loans $23.9 $23.7 $22.8 Average loans $475.7 $475.1 $467.5 Business Banking loan originations 1.9 1.7 2.2 Average deposits 673.8 659.6 639.9 Client investment assets (EOP) 283.7 276.2 253.0 Active mobile customers (mm) 31.7 30.9 28.4 Deposit margin 2.36% 2.20% 1.96% Debit & credit card sales volume3 $255.0 $232.4 $231.3 Home Lending Average loans $241.5 $240.4 $234.5 4  Average loans up 2% and core loans up 7% YoY Loan originations 21.5 18.2 23.9 EOP total loans serviced 802.6 804.9 827.8  Average deposits up 5% YoY Net charge-off/(recovery) rate5 (0.29)% 0.03% 0.01% Card, Merchant Services & Auto  Active mobile customers up 12% YoY Card average loans $142.7 $142.9 $138.1  Client investment assets up 12% YoY Auto average loans and leased assets 83.8 83.4 80.2 Auto loan and lease originations 8.3 8.4 8.3  Credit card sales up 11% YoY; merchant processing Card net charge-off rate 3.27% 3.32% 3.01% volume up 12% YoY 2Q18 net revenue rate Card Services net revenue rate 10.38 11.61 10.53 ex-rewards liability Credit Card sales volume6 $174.0 $157.1 $156.8 adjustment7: 11.32% 1 See note 1 on slide 9 Merchant processing volume 330.8 316.3 294.4 For additional footnotes see slide 10 4

Corporate & Investment Bank1 $mm Financial performance $ O/(U)  Net income of $3.2B on revenue of $9.9B 2Q18 1Q18 2Q17  Banking revenue Revenue $9,923 ($560) $998  Investment banking revenue 1,949 362 218 IB revenue of $1.9B, up 13% YoY, driven by higher advisory Treasury Services 1,181 65 126 and equity underwriting fees Lending 321 19 (52) – Ranked #1 in Global IB fees for 2Q18 Total Banking 3,451 446 292  Treasury Services revenue of $1.2B, up 12% YoY, driven by Fixed Income Markets 3,453 (1,100) 237 higher interest rates and growth in operating deposits Equity Markets 1,959 (58) 373  Securities Services 1,103 44 121 Markets & Investor Services revenue Credit Adjustments & Other (43) 108 (25)  Markets revenue of $5.4B, up 13% YoY, or up 16% YoY Total Markets & Investor Services 6,472 (1,006) 706 excluding the impact of tax reform5, with good client flows and Expense 5,403 (256) 526 strength across products Credit costs 58 216 111 – Fixed Income Markets revenue of $3.5B, up 7% YoY, or up Net income $3,198 ($776) $488 12% YoY excluding the impact of tax reform5 – Equity Markets revenue of $2.0B, up 24% YoY Key drivers/statistics ($B)2  Securities Services revenue of $1.1B, up 12% YoY, driven by Equity $70.0 $70.0 $70.0 higher interest rates and deposit growth as well as higher ROE 17% 22% 15% asset-based fees from new client activity and higher market Overhead ratio 54 54 55 levels Comp/revenue 27 29 27 IB fees ($mm) $2,139 $1,696 $1,839  Expense of $5.4B, up 11% YoY, driven by higher performance- Average loans 119.9 114.8 115.8 related compensation, volume-related transaction costs and 3 Average client deposits 433.6 423.3 404.9 investments in technology Assets under custody ($T) 24.2 24.0 22.1  ALL/EOP loans ex-conduits and trade4 1.27% 1.46% 1.83% Credit costs of $58mm Net charge-off/(recovery) rate4 0.40 0.07 0.17  1Q18 and 2Q17 credit costs included net reserve releases in Average VaR ($mm) $33 $40 $27 Energy6 1 See note 1 on slide 9 For additional footnotes see slide 10 5

Commercial Banking1 $mm Financial performance $ O/(U)  Net income of $1.1B 2Q18 1Q18 2Q17  Revenue of $2.3B, up 11% YoY Revenue $2,316 $150 $228  Middle Market Banking 919 24 80 Net interest income of $1.7B, up 12% YoY, driven by higher Corporate Client Banking 807 120 145 deposit margins Commercial Term Lending 344 (8) (20)  Gross IB revenue of $739mm, up 39% YoY, driven by an Real Estate Banking 170 6 23 increased number of large transactions Other 76 8 – Expense 844 – 54  Expense of $844mm, up 7% YoY on continued investments in Credit costs 43 48 173 banker coverage and technology Net income $1,087 $62 $185  Credit costs of $43mm  Key drivers/statistics ($B)2 Net charge-off rate of 7 bps  Average loan balances of $206B, up 4% YoY and 2% QoQ Equity $20.0 $20.0 $20.0 ROE 21% 20% 17%  C&I4 up 3% YoY and up 3% QoQ Overhead ratio 36 39 38  CRE4 up 4% YoY and flat QoQ Gross IB Revenue ($mm) $739 $569 $533 Average loans 205.6 202.4 197.9  Average client deposits of $171B, down 1% YoY Average client deposits 170.7 175.6 173.2 Allowance for loan losses 2.6 2.6 2.7 Nonaccrual loans 0.5 0.7 0.8 Net charge-off/(recovery) rate3 0.07% – 0.02% ALL/loans3 1.27 1.28 1.35 1 See note 1 on slide 9 For additional footnotes see slide 10 6

Asset & Wealth Management1 $mm Financial performance $ O/(U)  Net income of $755mm 2Q18 1Q18 2Q17  Revenue of $3.6B, up 4% YoY, driven by higher management Revenue $3,572 $66 $135 fees on growth in long-term products as well as strong banking Asset Management 1,826 39 40 Wealth Management 1,746 27 95 results Expense 2,566 (15) 149  Expense of $2.6B, up 6% YoY, driven by investments in advisors Credit costs 2 (13) (2) and technology as well as higher external fees on revenue Net income $755 ($15) $131 growth  Key drivers/statistics ($B)2 AUM of $2.0T, up 8% YoY  Client assets of $2.8T, up 8% YoY Equity $9.0 $9.0 $9.0 ROE 33% 34% 27%  Net inflows of $4B into long-term products and $17B into liquidity Pretax margin 28 26 30 products Assets under management (AUM) $2,028 $2,016 $1,876  Client assets 2,799 2,788 2,598 Average loan balances of $137B, up 12% YoY Average loans 136.7 132.6 122.2  Average deposit balances of $140B, down 7% YoY Average deposits 139.6 144.2 150.8 1 See note 1 on slide 9 2 Actual numbers for all periods, not over/(under) 7

Corporate $mm Financial performance $ O/(U) Treasury and CIO 2Q18 1Q18 2Q17  2Q18 results included a $174mm pretax loss on the liquidation of Treasury and CIO ($153) $34 ($139) a legal entity Other Corporate 17 213 (567) Net income ($136) $247 ($706) Other Corporate  2Q17 results included a $645mm pretax legal benefit from a settlement 8

Notes Notes on non-GAAP financial measures 1. In addition to analyzing the Firm’s results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a “managed” basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. The Firm’s definition of managed basis starts, in each case, with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm and each of the reportable business segments on a fully taxable-equivalent (“FTE”) basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. These financial measures allow management to assess the comparability of revenue arising from both taxable and tax-exempt sources. The corresponding income tax impact related to tax-exempt items is recorded within income tax expense. These adjustments have no impact on net income as reported by the Firm as a whole or by the lines of business. For a reconciliation of the Firm’s results from a reported to managed basis, see page 7 of the Earnings Release Financial Supplement. 2. Tangible common equity (“TCE”), return on tangible common equity (“ROTCE”) and tangible book value per share (“TBVPS”), are each non-GAAP financial measures. TCE represents the Firm’s common stockholders’ equity (i.e., total stockholders’ equity less preferred stock) less goodwill and identifiable intangible assets (other than MSRs), net of related deferred tax liabilities. For a reconciliation from common stockholders’ equity to TCE, see page 9 of the Earnings Release Financial Supplement. ROTCE measures the Firm’s net income applicable to common equity as a percentage of average TCE. TBVPS represents the Firm’s TCE at period-end divided by common shares at period-end. Book value per share was $68.85, $67.59 and $66.05 at June 30, 2018, March 31, 2018 and June 30, 2017, respectively. TCE, ROTCE and TBVPS are utilized by the Firm, as well as investors and analysts, in assessing the Firm’s use of equity. 3. Adjusted expense and adjusted overhead ratio are each non-GAAP financial measures. Adjusted expense excluded Firmwide legal expense/(benefit) of $0 million, $70 million and $61 million for the three months ended June 30, 2018, March 31, 2018 and June 30, 2017, respectively. The adjusted overhead ratio measures the Firm’s adjusted expense as a percentage of adjusted managed net revenue. Management believes this information helps investors understand the effect of these items on reported results and provides an alternate presentation of the Firm’s performance. 4. Net charge-offs and net charge-off rates exclude the impact of purchased credit-impaired (“PCI”) loans. 5. The Card Services net revenue rate excluding rewards liability adjustment of approximately $330mm for the three months ended June 30, 2018 is a non-GAAP financial measure. This measure is useful in facilitating a more meaningful comparison with prior periods. 6. CIB calculates the ratio of the allowance for loan losses to end-of-period loans excluding the impact of consolidated Firm-administered multi-seller conduits and trade finance loans, to provide a more meaningful assessment of CIB’s allowance coverage ratio. Notes on key performance measures 7. The Basel III regulatory capital, risk-weighted assets and capital ratios, (fully phased-in effective January 1, 2019), and the Basel III supplementary leverage ratio (“SLR”), (fully-phased in effective January 1, 2018), are all considered key regulatory capital measures. The capital adequacy of the Firm is evaluated against the Basel III approach (Standardized or Advanced) that results, for each quarter, in the lower ratio (the “Collins Floor”). These measures are used by management, bank regulators, investors and analysts to assess and monitor the Firm’s capital position. For additional information on these measures, including the Collins Floor, see Capital Risk Management on pages 82-91 of the Firm’s Annual Report on Form 10-K for the year ended December 31, 2017 and pages 32-37 of the Firm’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2018. 8. Core loans represent loans considered central to the Firm’s ongoing businesses; core loans exclude loans classified as trading assets, runoff portfolios, discontinued portfolios and portfolios the Firm has an intent to exit. 9

Notes Additional Notes on slide 4 – Consumer & Community Banking 2. Actual numbers for all periods, not over/(under) 3. The prior year amount was revised to conform with the current period presentation 4. Firmwide mortgage origination volume was $23.7B, $20.0B and $26.2B for the three months ended June 30, 2018, March 31, 2018 and June 30, 2017, respectively 5. Excludes the impact of PCI loans, including PCI write-offs of $73mm, $20mm and $22mm for the three months ended June 30, 2018, March 31, 2018 and June 30, 2017, respectively. See note 4 on slide 9. The net charge-off/(recovery) rate for the three months ended June 30, 2018 includes a recovery from a loan sale 6. Excludes Commercial Card 7. See note 5 on slide 9 Additional Notes on slide 5 – Corporate & Investment Bank 2. Actual numbers for all periods, not over/(under) 3. Client deposits and other third-party liabilities pertain to the Treasury Services and Securities Services businesses 4. Loans held-for-sale and loans at fair value were excluded when calculating the loan loss coverage ratio and net charge-off/(recovery) rate. ALL/EOP loans as reported was 0.89%, 1.00%, and 1.19% for the three months ended June 30, 2018, March 31, 2018 and June 30, 2017, respectively. See note 6 on slide 9 5. Reflects a reduction of approximately $160mm in FTE adjustments compared with the prior year quarter, resulting from the enactment of the Tax Cuts and Jobs Act 6. Energy includes Oil & Gas, Natural Gas Pipelines, and Metals & Mining Additional Notes on slide 6 – Commercial Banking 2. Actual numbers for all periods, not over/(under) 3. Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate and loan loss coverage ratio 4. Commercial and Industrial (“C&I”) and Commercial Real Estate (“CRE”) groupings for CB are generally based on client segments and do not align with regulatory definitions 10

Forward-looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorgan Chase & Co.’s actual results to differ materially from those described in the forward-looking statements can be found in JPMorgan Chase & Co.’s Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, which have been filed with the Securities and Exchange Commission and are available on JPMorgan Chase & Co.’s website (http://investor.shareholder.com/jpmorganchase/sec.cfm), and on the Securities and Exchange Commission’s website (www.sec.gov). JPMorgan Chase & Co. does not undertake to update any forward-looking statements. 11