Source: JPMorgan Chase & Co. JPMorgan Chase Reports: $0.40 Per Share

qiangge

Source: JPMorgan Chase & Co.
JPMorgan Chase Reports First-Quarter 2009 Net Income of $2.1 Billion, or $0.40 Per Share

http://finance.yahoo.com/news/JP ... ts-bw-14942197.html

qiangge

JPMorgan Chase Reports First-Quarter 2009 Net Income of $2.1 Billion, or $0.40 Per Share

    * Generated record firmwide revenue of $26.9 billion and pretax, pre-provision profit of $13.5 billion (on a managed basis1):
          o Record revenue and net income in the Investment Bank; #1 rankings for Global Debt, Equity and Equity-related volumes and Global Investment Banking Fees
          o Solid growth in liability balances in Commercial Banking and Treasury & Securities Services
          o Washington Mutual integration on track, driving Retail Banking growth in deposits by 62% and in checking accounts by 126%
          o Net assets under management inflows of $119 billion over the past year in Asset Management

    * Fortress balance sheet strengthened further:
          o Tier 1 Capital of $137.2 billion, 11.3% Tier 1 Capital ratio (9.2% excluding TARP capital)
          o $87.2 billion of tangible common equity1, 7.2% of risk-weighted assets

    * Added $4.2 billion to credit reserves, bringing total to $28.0 billion, and firmwide loan loss coverage ratio to 4.53%2 as of March 31, 2009
    * Continued lending and ongoing foreclosure prevention efforts:
          o Extended approximately $150 billion in new credit to an estimated 4.5 million consumers (through credit cards, mortgages, auto and student loans), and to small and mid-sized businesses and large corporations
          o Purchased nearly $34 billion of mortgage-backed and asset-backed securities
          o Prevented almost 150,000 loan foreclosures since October 2008, bringing the total to over 400,000 since early 2007; opened the remaining 22 of our 24 new Chase Homeownership Centers and added over 650 loan counselors during the quarter

dingsharp

future is going down at the time.

licai5688

Thanks for sharing.