XML 246 R217.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Segments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]      
Noninterest revenue $ 68,837 $ 61,985 $ 69,338
Net interest income 89,267 66,710 52,311
Total net revenue 158,104 128,695 121,649
Provision for credit losses 9,320 6,389 (9,256)
Noninterest expense 87,172 76,140 71,343
Income/(loss) before income tax expense/(benefit) 61,612 46,166 59,562
Income tax expense/(benefit) 12,060 8,490 11,228
Net income/(loss) 49,552 37,676 48,334
Average equity 282,056 253,068 250,968
Total assets $ 3,875,393 [1] $ 3,665,743 [1] $ 3,743,567
Return on equity 17.00% 14.00% 19.00%
Overhead ratio 55.00% 59.00% 59.00%
Operating Segments | Consumer & Community Banking      
Segment Reporting Information [Line Items]      
Noninterest revenue $ 15,118 $ 14,886 $ 17,092
Net interest income 55,030 39,928 32,787
Total net revenue 70,148 54,814 49,879
Provision for credit losses 6,899 3,813 (6,989)
Noninterest expense 34,819 31,208 29,028
Income/(loss) before income tax expense/(benefit) 28,430 19,793 27,840
Income tax expense/(benefit) 7,198 4,877 6,883
Net income/(loss) 21,232 14,916 20,957
Average equity 54,349 50,000 50,000
Total assets $ 642,951 $ 514,085 $ 500,370
Return on equity 38.00% 29.00% 41.00%
Overhead ratio 50.00% 57.00% 58.00%
Operating Segments | Corporate & Investment Bank      
Segment Reporting Information [Line Items]      
Noninterest revenue $ 40,315 $ 36,202 $ 38,403
Net interest income 8,492 11,900 13,540
Total net revenue 48,807 48,102 51,943
Provision for credit losses 121 1,158 (1,174)
Noninterest expense 28,594 27,350 25,553
Income/(loss) before income tax expense/(benefit) 20,092 19,594 27,564
Income tax expense/(benefit) 5,963 4,669 6,457
Net income/(loss) 14,129 14,925 21,107
Average equity 108,000 103,000 83,000
Total assets $ 1,338,168 $ 1,334,296 $ 1,259,896
Return on equity 13.00% 14.00% 25.00%
Overhead ratio 59.00% 57.00% 49.00%
Operating Segments | Commercial Banking      
Segment Reporting Information [Line Items]      
Noninterest revenue $ 3,494 $ 3,336 $ 3,929
Net interest income 12,052 8,197 6,079
Total net revenue 15,546 11,533 10,008
Provision for credit losses 1,970 1,268 (947)
Noninterest expense 5,378 4,719 4,041
Income/(loss) before income tax expense/(benefit) 8,198 5,546 6,914
Income tax expense/(benefit) 2,055 1,333 1,668
Net income/(loss) 6,143 4,213 5,246
Average equity 29,507 25,000 24,000
Total assets $ 300,325 $ 257,106 $ 230,776
Return on equity 20.00% 16.00% 21.00%
Overhead ratio 35.00% 41.00% 40.00%
Operating Segments | Asset & Wealth Management      
Segment Reporting Information [Line Items]      
Noninterest revenue $ 13,560 $ 12,507 $ 13,071
Net interest income 6,267 5,241 3,886
Total net revenue 19,827 17,748 16,957
Provision for credit losses 159 128 (227)
Noninterest expense 12,780 11,829 10,919
Income/(loss) before income tax expense/(benefit) 6,888 5,791 6,265
Income tax expense/(benefit) 1,661 1,426 1,528
Net income/(loss) 5,227 4,365 4,737
Average equity 16,671 17,000 14,000
Total assets $ 245,512 $ 232,037 $ 234,425
Return on equity 31.00% 25.00% 33.00%
Overhead ratio 64.00% 67.00% 64.00%
Corporate      
Segment Reporting Information [Line Items]      
Noninterest revenue $ 132 $ (1,798) $ 68
Net interest income 7,906 1,878 (3,551)
Total net revenue 8,038 80 (3,483)
Provision for credit losses 171 22 81
Noninterest expense 5,601 1,034 1,802
Income/(loss) before income tax expense/(benefit) 2,266 (976) (5,366)
Income tax expense/(benefit) (555) (233) (1,653)
Net income/(loss) 2,821 (743) (3,713)
Average equity 73,529 58,068 79,968
Total assets 1,348,437 1,328,219 1,518,100
Reconciling Items      
Segment Reporting Information [Line Items]      
Noninterest revenue (3,782) (3,148) (3,225)
Net interest income (480) (434) (430)
Total net revenue (4,262) (3,582) (3,655)
Provision for credit losses 0 0 0
Noninterest expense 0 0 0
Income/(loss) before income tax expense/(benefit) (4,262) (3,582) (3,655)
Income tax expense/(benefit) (4,262) (3,582) (3,655)
Net income/(loss) 0 0 0
Average equity $ 0 $ 0 $ 0
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2023 and 2022. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests 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 14 for a further discussion.
December 31, (in millions)20232022
Assets
Trading assets$2,170 $2,151 
Loans37,611 34,411 
All other assets591 550 
Total assets$40,372 $37,112 
Liabilities
Beneficial interests issued by consolidated VIEs$23,020 $12,610 
All other liabilities263 279 
Total liabilities$23,283 $12,889