8-KEarnings & ResultsExhibits & Filings

JPMORGAN CHASE & CO 8-K Report, Financial Results (Oct 20, 2004)

Filed October 20, 2004For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

JPMorgan Chase & Co. (JPM) filed an 8-K on October 20, 2004, reporting its third quarter 2004 financial results. The company announced a net income of $1.4 billion, or $0.39 per share, for the quarter. This represents a decrease compared to the $1.6 billion, or $0.78 per share, reported in the third quarter of 2003. The filing primarily serves to attach the company's earnings release and a financial supplement detailing the third quarter performance. Investors should refer to these attached exhibits for a comprehensive understanding of the results, including specific segment performance and balance sheet details. The report also includes forward-looking statements and risk factors, particularly those related to the recent merger, which could impact future financial outcomes.

Key Highlights

  • 1JPMorgan Chase reported $1.4 billion in net income for Q3 2004.
  • 2Earnings per share (EPS) for Q3 2004 were $0.39.
  • 3This represents a decline in net income and EPS compared to Q3 2003 ($1.6 billion net income, $0.78 EPS).
  • 4The filing includes Exhibit 99.1 (Earnings Release) and Exhibit 99.2 (Financial Supplement) for detailed Q3 2004 results.
  • 5The report includes standard forward-looking statements and risk factors related to merger integration, cost savings, and client relationships.
  • 6Exhibit 12.1 and 12.2 provide calculations for the company's ratio of earnings to fixed charges and preferred stock dividend requirements.

Frequently Asked Questions

For the third quarter of 2004, JPMorgan Chase reported a net income of $1.4 billion, which translated to $0.39 per share. This was a decrease from the $1.6 billion net income, or $0.78 per share, reported in the same period of 2003.

The most detailed financial information is available in the attached exhibits: Exhibit 99.1, the Earnings Release for the 2004 Third Quarter Results, and Exhibit 99.2, the Earnings Release Financial Supplement for the Third Quarter of 2004. These documents provide a breakdown of the company's performance.

The filing highlights risks associated with the recent merger, including the potential for delays or failure in realizing expected cost savings and revenue synergies. It also mentions risks related to the effective utilization of excess capital generated from the merger and the possibility of disruption impacting relationships with clients, employees, and suppliers.