Summary
JPMorgan Chase & Co. reported its second quarter 2009 financial results, with net income reaching $2.7 billion, or $0.28 per share. This represents an increase from the $2.0 billion, or $0.53 per share, reported in the second quarter of 2008. The filing includes the earnings release and a detailed financial supplement, providing investors with the necessary information to assess the company's performance during this period. Investors should note the change in earnings per share, which decreased despite an increase in net income. This indicates potential dilutive effects or changes in the share count. The attached exhibits, particularly the earnings release and financial supplement, offer a comprehensive view of the company's operational and financial condition for the quarter.
Key Highlights
- 1JPMorgan Chase & Co. reported $2.7 billion in net income for the second quarter of 2009.
- 2Earnings per share for Q2 2009 were $0.28.
- 3Net income in Q2 2008 was $2.0 billion.
- 4Earnings per share for Q2 2008 were $0.53.
- 5The filing includes the official Q2 2009 earnings release (Exhibit 99.1).
- 6A financial supplement to the earnings release is also attached (Exhibit 99.2).
- 7The company also provided computations for its ratio of earnings to fixed charges and preferred stock dividend requirements.