2011 Corporate Responsibility Report - JPMorgan Chase
2011 Corporate Responsibility Report - JPMorgan Chase
2011 Corporate Responsibility Report - JPMorgan Chase
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ABOUT JPMORGAN CHASE & CO.<br />
<strong>JPMorgan</strong> <strong>Chase</strong> & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and<br />
operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers,<br />
small business and commercial banking, financial transaction processing, asset management and private equity.<br />
A component of the Dow Jones Industrial Average, <strong>JPMorgan</strong> <strong>Chase</strong> & Co. serves millions of consumers in the<br />
United States and many of the world’s most prominent corporate, institutional and government clients under<br />
its J.P. Morgan and <strong>Chase</strong> brands.<br />
For complete financial and organizational<br />
information, please refer to our <strong>2011</strong> Annual <strong>Report</strong>.<br />
Information about <strong>JPMorgan</strong> <strong>Chase</strong> & Co. is<br />
available at www.jpmorganchase.com.<br />
Financial highlights<br />
As of or for the year ended December 31<br />
(in millions, except headcount)<br />
REPORTED BASIS<br />
<strong>2011</strong> 2010<br />
Total net revenue 97,234 102,694<br />
Total noninterest expense 62,911 61,196<br />
Pre-provision profit 34,323 41,498<br />
Provision for credit losses 7,574 16,639<br />
Net income 18,976 17,370<br />
HEADCOUNT 260,157 239,831<br />
The U.S. consumer and commercial banking businesses serve customers under the <strong>Chase</strong> brand.<br />
The consumer businesses include:<br />
Branch, ATM, Telephone and Online Banking<br />
Retail Checking<br />
Credit Cards<br />
Small Business<br />
Home Finance and Home Equity Loans<br />
Auto Finance<br />
Education Finance<br />
Retirement & Investing<br />
The commercial banking businesses<br />
include:<br />
Middle Market<br />
<strong>Corporate</strong> Client Banking<br />
Commercial Real Estate<br />
Business Credit<br />
Equipment Finance<br />
Commercial Term Lending<br />
Community Development Banking<br />
J.P. Morgan clients include the world’s most prominent corporations, governments, wealthy<br />
individuals and institutional investors. These businesses use the J.P. Morgan brand:<br />
Investment Bank<br />
Asset Management<br />
Treasury Services<br />
Worldwide Securities Services<br />
Private Banking<br />
Private Client Services<br />
One Equity Partners<br />
<strong>2011</strong> CORPORATE RESPONSIBILITY REPORT A-14