Earnings per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings per Share

Earnings per share

For a discussion of the computation of basic and diluted earnings per share (“EPS”), refer to Note 22 of JPMorgan Chase’s 2018 Form 10-K. The following table presents the calculation of basic and diluted EPS for the three months ended March 31, 2019 and 2018.

(in millions, except per share amounts)	Three months ended March 31,
	2019		2018
Basic earnings per share
Net income	$	9,179	$	8,712
Less: Preferred stock dividends	374		409
Net income applicable to common equity	8,805		8,303
Less: Dividends and undistributed earnings allocated to participating securities	52		65
Net income applicable to common stockholders	$	8,753	$	8,238
Total weighted-average basic shares   outstanding	3,298.0		3,458.3
Net income per share	$	2.65	$	2.38
Diluted earnings per share
Net income applicable to common stockholders	$	8,753	$	8,238
Total weighted-average basic shares   outstanding	3,298.0		3,458.3
Add: Employee stock options, SARs, warrants and unvested PSUs	10.2		21.2
Total weighted-average diluted shares outstanding	3,308.2		3,479.5
Net income per share	$	2.65	$	2.37