Summary
JPMorgan Chase & Co. (JPM) filed an 8-K on April 16, 2009, to report its first-quarter 2009 financial results. The company announced a net income of $2.1 billion, or $0.40 per share, for the quarter. This compares to a net income of $2.4 billion, or $0.67 per share, in the first quarter of 2008. While the reported net income saw a slight decrease year-over-year, investors should note that this filing primarily serves as a notification of the earnings release and associated financial supplements, which contain detailed operational and financial condition information. The accompanying exhibits provide further data on earnings to fixed charges and preferred stock dividend requirements.
Key Highlights
- 1JPMorgan Chase reported Q1 2009 net income of $2.1 billion.
- 2Earnings per share (EPS) for Q1 2009 were $0.40.
- 3This represents a decrease from Q1 2008 net income of $2.4 billion and EPS of $0.67.
- 4The 8-K filing includes the company's Q1 2009 earnings release (Exhibit 99.1).
- 5A financial supplement accompanying the earnings release is also provided (Exhibit 99.2).
- 6The filing contains calculations for the Ratio of Earnings to Fixed Charges (Exhibits 12.1 and 12.2).
- 7Exhibit 12.2 also includes the computation for preferred stock dividend requirements.
Frequently Asked Questions
JPMorgan Chase reported a net income of $2.1 billion, or $0.40 per share, for the first quarter of 2009.
The net income of $2.1 billion and EPS of $0.40 in Q1 2009 were lower than the $2.4 billion net income and $0.67 EPS reported in Q1 2008.
More detailed information is available in the attached exhibits: the Earnings Release (Exhibit 99.1) and the Earnings Release Financial Supplement (Exhibit 99.2).
The filing includes computations for the Ratio of Earnings to Fixed Charges (Exhibit 12.1 and 12.2) and also for preferred stock dividend requirements in Exhibit 12.2.