Uniform Bank Performance Report - Anderson School of Management
Uniform Bank Performance Report - Anderson School of Management
Uniform Bank Performance Report - Anderson School of Management
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esponsible spending while decreasing its credit card liability, Chase recently increased the minimum<br />
payment requirement on its credit cards from 2% to 5%.<br />
Thanks in part to these actions; JPMC and Chase have experienced a decrease in losses from credit card<br />
default. As <strong>of</strong> the third quarter <strong>of</strong> 2008, JPMC had reported credit card losses <strong>of</strong> $992 million. In the first<br />
three quarters <strong>of</strong> 2009, this figure had dropped significantly to only $700 million. This was a 29.5%<br />
decrease in losses amid an 18% decrease in credit card spending over the same time period. This<br />
represents a successful loss reduction effort by JPMC and Chase credit card management.<br />
Investment <strong>Bank</strong>ing<br />
JP Morgan Chase prides itself in being one <strong>of</strong> the world’s premier investment banks. Its Investment<br />
banking segment is one <strong>of</strong> the largest in the world and provides underwriting, securitization, and<br />
investment services. Information on net income from Investment banking operations shows that JPMC’s<br />
investment banking sector is making a quick and drastic recovery from the late 2008 crisis. In the 3 rd and<br />
4 th quarters <strong>of</strong> 2008, net income from these operations fell from $1039 million to a mere $450 million.<br />
However, in the first three quarters <strong>of</strong> 2009 the numbers were $882 million, $1471 million, and $1921<br />
million respectively.
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