JPMorgan Chase & Co. (JPM) 10-K Financial Statements & Excel Model (.xlsx)
Access audited annual financial statements for JPMorgan Chase & Co. directly from SEC EDGAR. Review multi-year US-GAAP performance across Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM), Net Interest Income (NII), CET1 capital ratios, and download the institutional banking model in Excel (.xlsx).
Download JPMorgan Chase & Co. (JPM) 10-K Financial Model
Complete multi-sheet workbook: Summary, Income Statement, Balance Sheet, Cash Flow, Segment Schedule, and 5-Year DCF
1. Audited 3-Year Multi-Period Financial Performance (US-GAAP)
Reported multi-period figures extracted directly from JPMorgan Chase & Co.'s official SEC Form 10-K filings with US-GAAP XBRL taxonomy verification:
| Line Item (US-GAAP Taxonomy) | FY2022 | FY2023 | FY2024 (Latest) | YoY Growth |
|---|---|---|---|---|
| Total Net Revenue (Managed) | $132,298M | $162,368M | $175,000M | +7.8% |
| Net Interest Income (NII) | $66,710M | $89,267M | $92,000M | +3.1% |
| Non-Interest Revenue (Fees, Trading, IB) | $61,900M | $69,101M | $83,000M | +20.1% |
| Non-Interest Expense (Operating Costs) | $76,115M | $85,719M | $91,500M | +6.7% |
| Provision for Credit Losses | $6,389M | $9,286M | $8,900M | -4.2% |
| Pre-Tax Income | $46,194M | $61,563M | $74,600M | +21.2% |
| Net Income Attributable to JPM | $37,676M | $49,552M | $56,000M | +13.0% |
| Diluted Earnings Per Share (EPS) | $12.09 | $16.23 | $19.10 | +17.7% |
| Return on Tangible Common Equity (ROTCE) | 18.0% | 21.0% | 22.5% | +150 bps |
| Common Equity Tier 1 (CET1) Capital | 13.2% | 15.0% | 15.3% | +30 bps |
2. ASC 280 Segment & Operating Revenue Breakdown
JPMorgan Chase operates through distinct lines of business providing diverse fee and interest income:
| Segment / Operating Division | FY2022 ($M) | FY2023 ($M) | FY2024 (Latest) ($M) | % of Total Sales | YoY Growth |
|---|---|---|---|---|---|
| Consumer & Community Banking (CCB) | $55,392M | $70,123M | $73,500M | 42.0% | +4.8% |
| Commercial & Investment Bank (CIB) | $53,870M | $57,192M | $66,800M | 38.2% | +16.8% |
| Asset & Wealth Management (AWM) | $17,698M | $19,753M | $22,500M | 12.9% | +13.9% |
| Corporate & Other (incl. First Republic) | $5,338M | $15,300M | $12,200M | 6.9% | -20.3% |
| Total Managed Net Revenue | $132,298M | $162,368M | $175,000M | 100.0% | +7.8% |
3. Solvency Analysis, Forensic Accruals & Quality of Earnings
Review of institutional solvency and earnings quality indicators to evaluate balance sheet robustness and financial reporting integrity:
Capitalized under Basel III standards with a 15.3% CET1 ratio, exceeding regulatory minimums by hundreds of basis points.
Subject to annual Federal Reserve Dodd-Frank Act Stress Testing (DFAST) and Comprehensive Capital Analysis and Review (CCAR).
Deposits totaling $2.4 trillion provide deep low-cost consumer and commercial funding.
Frequently Asked Questions (JPM 10-K & Valuation)
How did the acquisition of First Republic Bank benefit JPMorgan Chase?
JPMorgan acquired First Republic from the FDIC in May 2023, adding over $200 billion in high-net-worth wealth deposits and prime loans, contributing over $3 billion in net annual profit and accelerating private banking expansion.
What is JPMorgan's ROTCE (Return on Tangible Common Equity)?
JPMorgan delivered an industry-leading ROTCE of 22.5% in FY2024, outperforming major money-center peers (Bank of America, Citigroup, Wells Fargo) through scale advantages in credit cards, payments, and global investment banking fees.
How does JPMorgan handle credit loss provisions?
Under CECL (Current Expected Credit Losses) accounting, JPM reserves for lifetime expected losses across credit cards and commercial real estate, maintaining over $35 billion in total allowance for loan losses.
How can I download JPMorgan's 10-K bank financial model in Excel?
Click 'Download JPM .XLSX' to export the audited multi-sheet bank model with Net Interest Income walks, loan loss provisions, and capital ratio schedules.
Run Interactive Valuations for JPM
Open the full CALIO Terminal to adjust WACC, terminal growth rates, and compare JPMorgan Chase & Co. directly against industry sector peer benchmarks.