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Business Segments & Corporate (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment & Corporate results and reconciliation
The following table provides a summary of results for the Firm’s reportable business segments and Corporate activities as of or for the years ended December 31, 2024, 2023 and 2022, on a managed basis. The Firm’s definition of managed basis starts with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm as a whole (and for each of the reportable business segments and Corporate) on an 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. This allows management to assess the comparability of revenue from year-to-year arising from both taxable and tax-exempt
sources. The corresponding income tax impact related to tax-exempt items is recorded within income tax expense/(benefit). These adjustments have no impact on net income as reported by the Firm as a whole or by the each of the LOBs and Corporate.
The Operating Committee reviews segment results including net interest income, noninterest revenue, noninterest expense, provision for credit losses and net income on a managed basis. The Operating Committee uses these measures to evaluate segment performance and to make key operating decisions, including resource and capital allocations.


Segment & Corporate results and reconciliation(a)
(Table continued on next page)
As of or for the year ended
December 31,
(in millions, except ratios)		Consumer & Community BankingCommercial & Investment BankAsset & Wealth Management
202420232022202420232022202420232022
Noninterest revenue$16,649 $15,118$14,886
(e)
$48,253 $43,809$39,538 
(b)
$15,023 $13,560 $12,507 
Net interest income54,858 55,03039,92821,861 20,54420,0976,555 6,267 5,241 
Total net revenue71,507 70,14854,81470,114 64,35359,63521,578 19,827 17,748 
Provision for credit losses
9,974 6,8993,813762 2,0912,426(68)159 128 
Compensation expense(b)
17,045 15,17113,09218,191 17,10516,2147,984 7,115 6,336 
Noncompensation expense(c)(d)
20,991 19,64818,11617,162 16,86715,8556,430 5,665 5,493 
Total noninterest expense38,036 34,81931,208
(e)
35,353 33,97232,069
(b)
14,414 12,780 11,829 
Income/(loss) before income tax expense/(benefit)
23,497 28,43019,79333,999 28,29025,1407,232 6,888 5,791 
Income tax expense/(benefit)
5,894 7,1984,877
(e)
9,153 8,0186,002
(b)
1,811 1,661 1,426 
Net income/(loss)$17,603 $21,232$14,916$24,846 $20,272$19,138$5,421 $5,227 $4,365 
Average equity
$54,500 $54,349$50,000$132,000 $137,507$128,000$15,500 $16,671 $17,000 
Total assets650,268 642,951514,0851,773,194 1,638,4931,591,402255,385 245,512 232,037 
Return on equity
32 %38 %29 %18 %14 %14 %34 %31 %25 %
Overhead ratio53 50 57 50 53 54 67 64 67 
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As of or for the year ended
December 31,
(in millions, except ratios)		Corporate
Reconciling Items(a)
Total
202420232022202420232022202420232022
Noninterest revenue$7,608 
(f)
$132 $(1,798)$(2,560)$(3,782)$(3,148)$84,973 
(f)
$68,837 $61,985 
Net interest income9,786 7,906 1,878 (477)(480)(434)92,583 89,267 66,710 
Total net revenue17,394 8,038 80 (3,037)(4,262)(3,582)177,556 158,104 128,695 
Provision for credit losses
10 171 22 — — — 10,678 9,320 6,389 
Total noninterest expense(d)
3,994 
(g)
5,601 1,034 — — — 91,797 
(g)
87,172 76,140 
Income/(loss) before income
tax expense/(benefit)
13,390 2,266 (976)(3,037)(4,262)(3,582)75,081 61,612 46,166 
Income tax expense/(benefit)
2,789 (555)(233)(3,037)(4,262)(3,582)16,610 12,060 8,490 
Net income/(loss)$10,601 $2,821 $(743)$— $— $— $58,471 $49,552 $37,676 
Average equity
$110,370 $73,529 $58,068 $— $— $— $312,370 $282,056 $253,068 
Total assets1,323,967 1,348,437 1,328,219 NANANA4,002,814 3,875,393 3,665,743 
Return on equity
NMNMNMNMNMNM18 %17 %14 %
Overhead ratioNMNMNMNMNMNM52 55 59 
(a)Segment results on a managed basis reflect revenue on a FTE basis with the corresponding income tax impact recorded within income tax expense/(benefit). These adjustments are eliminated in reconciling items to arrive at the Firm’s reported U.S. GAAP results. In addition, effective January 1, 2024, the Firm adopted updates to the Accounting for Investments in Tax Credit Structures guidance, under the modified retrospective method. Refer to Notes 1, 6, 14 and 25 for additional information.
(b)Excludes expense related to services provided by Corporate support units, which is allocated from Corporate to each respective reportable business segment, as applicable, through noncompensation expense.
(c)Reflects occupancy; technology, communications and equipment; professional and outside services; marketing; and other expense. Refer to Note 6 for additional information on other expense.
(d)Certain services are provided by Corporate and used by each of the reportable business segments. The costs of these services, including compensation-related costs, are allocated from Corporate to the respective reportable business segments, with the allocations recorded in noncompensation expense.
(e)In the first quarter of 2023, the allocations of revenue and expense to CCB associated with a Merchant Services revenue sharing agreement were discontinued and are now retained in Payments in CIB. Prior-period amounts have been revised to conform with the current presentation.
(f)Included a $7.9 billion net gain related to Visa shares recorded in the second quarter of 2024. Refer to Notes 2 and 6 for additional information.
(g)Included a $1.0 billion contribution of Visa shares to the JPMorgan Chase Foundation recorded in the second quarter of 2024. Refer to Notes 2 and 6 for additional information.