XML 165 R148.htm IDEA: XBRL DOCUMENT v3.21.2
Business Segments (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
segment
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
[2]
Segment Reporting Information [Line Items]          
Number of reportable segments | segment     4    
Noninterest revenue $ 16,567 $ 16,242 $ 53,682 $ 49,311  
Net interest income 13,080 13,013 38,710 41,305  
Total net revenue 29,647 29,255 92,392 90,616  
Provision for credit losses (1,527) 611 (7,968) 19,369  
Noninterest expense 17,063 16,875 53,455 50,608  
Income before income tax expense 14,111 11,769 46,905 20,639  
Income tax expense/(benefit) [1] 2,424 2,326 8,970 3,644  
Net income 11,687 9,443 37,935 16,995  
Average equity 253,556 236,797 250,011 235,251  
Total assets $ 3,757,576 [2] $ 3,245,061 $ 3,757,576 [2] $ 3,245,061 $ 3,384,757
ROE 18.00% 15.00% 20.00% 9.00%  
Overhead ratio 58.00% 58.00% 58.00% 56.00%  
Operating Segments | Consumer & Community Banking          
Segment Reporting Information [Line Items]          
Noninterest revenue $ 4,138 $ 4,863 $ 13,452 $ 13,182  
Net interest income 8,383 8,032 24,346 25,358  
Total net revenue 12,521 12,895 37,798 38,540  
Provision for credit losses (459) 795 (5,929) 12,395  
Noninterest expense 7,238 6,912 21,502 20,948  
Income before income tax expense 5,742 5,188 22,225 5,197  
Income tax expense/(benefit) 1,401 1,317 5,522 1,305  
Net income 4,341 3,871 16,703 3,892  
Average equity 50,000 52,000 50,000 52,000  
Total assets $ 493,169 $ 487,063 $ 493,169 $ 487,063  
ROE 34.00% 29.00% 44.00% 9.00%  
Overhead ratio 58.00% 54.00% 57.00% 54.00%  
Operating Segments | Corporate & Investment Bank          
Segment Reporting Information [Line Items]          
Noninterest revenue $ 9,061 $ 8,118 $ 30,061 $ 27,318  
Net interest income 3,335 3,428 10,154 10,614  
Total net revenue 12,396 11,546 40,215 37,932  
Provision for credit losses (638) (81) (1,048) 3,307  
Noninterest expense 5,871 5,832 19,498 18,599  
Income before income tax expense 7,163 5,795 21,765 16,026  
Income tax expense/(benefit) 1,601 1,486 5,478 4,281  
Net income 5,562 4,309 16,287 11,745  
Average equity 83,000 80,000 83,000 80,000  
Total assets $ 1,355,752 $ 1,088,282 $ 1,355,752 $ 1,088,282  
ROE 26.00% 21.00% 25.00% 19.00%  
Overhead ratio 47.00% 51.00% 48.00% 49.00%  
Operating Segments | Commercial Banking          
Segment Reporting Information [Line Items]          
Noninterest revenue $ 988 $ 761 $ 2,855 $ 2,192  
Net interest income 1,532 1,524 4,541 4,658  
Total net revenue 2,520 2,285 7,396 6,850  
Provision for credit losses (363) (147) (858) 3,294  
Noninterest expense 1,032 969 2,982 2,848  
Income before income tax expense 1,851 1,463 5,272 708  
Income tax expense/(benefit) 444 377 1,277 164  
Net income 1,407 1,086 3,995 544  
Average equity 24,000 22,000 24,000 22,000  
Total assets $ 227,670 $ 228,583 $ 227,670 $ 228,583  
ROE 22.00% 19.00% 21.00% 2.00%  
Overhead ratio 41.00% 42.00% 40.00% 42.00%  
Operating Segments | Asset & Wealth Management          
Segment Reporting Information [Line Items]          
Noninterest revenue $ 3,312 $ 2,739 $ 9,623 $ 7,843  
Net interest income 988 815 2,861 2,530  
Total net revenue 4,300 3,554 12,484 10,373  
Provision for credit losses (60) (52) (191) 265  
Noninterest expense 2,762 2,443 7,922 7,201  
Income before income tax expense 1,598 1,163 4,753 2,907  
Income tax expense/(benefit) 404 287 1,162 701  
Net income 1,194 876 3,591 2,206  
Average equity 14,000 10,500 14,000 10,500  
Total assets $ 221,702 $ 187,858 $ 221,702 $ 187,858  
ROE 33.00% 32.00% 33.00% 27.00%  
Overhead ratio 64.00% 69.00% 63.00% 69.00%  
Corporate          
Segment Reporting Information [Line Items]          
Noninterest revenue $ (242) $ 343 $ (68) $ 607  
Net interest income (1,054) (682) (2,870) (1,534)  
Total net revenue (1,296) (339) (2,938) (927)  
Provision for credit losses (7) 96 58 108  
Noninterest expense 160 719 1,551 1,012  
Income before income tax expense (1,449) (1,154) (4,547) (2,047)  
Income tax expense/(benefit) (632) (455) (1,906) (655)  
Net income (817) (699) (2,641) (1,392)  
Average equity 82,556 72,297 79,011 70,751  
Total assets 1,459,283 1,253,275 1,459,283 1,253,275  
Reconciling Items          
Segment Reporting Information [Line Items]          
Noninterest revenue (690) (582) (2,241) (1,831)  
Net interest income (104) (104) (322) (321)  
Total net revenue (794) (686) (2,563) (2,152)  
Provision for credit losses 0 0 0 0  
Noninterest expense 0 0 0 0  
Income before income tax expense (794) (686) (2,563) (2,152)  
Income tax expense/(benefit) (794) (686) (2,563) (2,152)  
Net income 0 0 0 0  
Average equity $ 0 $ 0 $ 0 $ 0  
[1] Prior-period amounts have been revised to conform with the current presentation. Refer to Note 1 for further information.
[2] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at September 30, 2021, and December 31, 2020. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. Refer to Note 13 for a further discussion.
(in millions)September 30, 2021December 31, 2020
Assets
Trading assets$2,011 $1,934 
Loans35,352 37,619 
All other assets516 681 
Total assets$37,879 $40,234 
Liabilities
Beneficial interests issued by consolidated VIEs$13,257 $17,578 
All other liabilities234 233 
Total liabilities$13,491 $17,811