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JPMorgan Chase Net Income

: $39,017 Mil (TTM As of Jun. 2022)
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. JPMorgan Chase's net income for the three months ended in Jun. 2022 was $8,649 Mil. Its net income for the trailing twelve months (TTM) ended in Jun. 2022 was $39,017 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. JPMorgan Chase's Earnings per Share (Diluted) for the three months ended in Jun. 2022 was $2.78.


JPMorgan Chase Net Income Historical Data

The historical data trend for JPMorgan Chase's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

JPMorgan Chase Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24,441.00 32,474.00 36,431.00 29,131.00 48,334.00

JPMorgan Chase Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11,948.00 11,687.00 10,399.00 8,282.00 8,649.00

JPMorgan Chase Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

JPMorgan Chase's Net Income for the fiscal year that ended in Dec. 2021 is calculated as

Net Income(A: Dec. 2021 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=59562+-11228+0+0
=48,334

JPMorgan Chase's Net Income for the quarter that ended in Jun. 2022 is calculated as

Net Income(Q: Jun. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=10865+-2216+0+0
=8,649

Net Income for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $39,017 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


JPMorgan Chase  (NYSE:JPM) Net Income Explanation

Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

JPMorgan Chase's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2022 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


JPMorgan Chase Net Income Related Terms

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JPMorgan Chase Business Description

JPMorgan Chase logo
Address
383 Madison Avenue, New York, NY, USA, 10179
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Executives
Barnum Jeremy officer: Chief Financial Officer 383 MADISON AVENUE NEW YORK NY 10179-0001
Korablina Elena A officer: Corporate Controller 383 MADISON AVENUE NEW YORK NY 10179-0001
Novakovic Phebe N director
Rometty Virginia M director IBM CORPORATION 294 ROUTE 100 SOMERS NY 10589
Piepszak Jennifer officer: Chief Financial Officer JPMORGAN CHASE & CO. 383 MADISON AVENUE NEW YORK NY 10179
Combs Todd A. director JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Hobson Mellody L director C/O TELLABS 1415 W DIEHL RD NAPERVILLE IL 60563
Leopold Robin officer: Head of Human Resources JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Scher Peter officer: Executive Vice President JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Beer Lori A officer: Chief Information Officer JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Giles Nicole officer: Corporate Controller JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Friedman Stacey officer: General Counsel JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Neal Michael A director
Bacon Ashley officer: Chief Risk Officer JPMORGAN CHASE & CO. 383 MADISON AVENUE NEW YORK NY 10179
Lake Marianne officer: Chief Financial Officer JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017

JPMorgan Chase Headlines

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