Summary
JPMorgan Chase & Co. reported its fourth quarter 2009 results on January 15, 2010, marking a significant improvement in profitability compared to the same period in the prior year. The firm announced a net income of $3.3 billion, or $0.74 per share, a substantial increase from the $702 million, or $0.06 per share, recorded in the fourth quarter of 2008. This earnings release, attached as Exhibit 99.1, along with its financial supplement (Exhibit 99.2), provides investors with key performance metrics for the period. The report indicates a strong recovery in earnings for JPMorgan Chase, demonstrating resilience and operational strength as the financial landscape continued to stabilize in late 2009. Investors should review the attached exhibits for a detailed breakdown of the financial condition and the specific drivers behind this improved quarterly performance. The filing also includes computations of earnings to fixed charges and preferred stock dividend requirements.
Key Highlights
- 1JPMorgan Chase reported Q4 2009 net income of $3.3 billion.
- 2Q4 2009 earnings per share (EPS) was $0.74.
- 3This represents a significant increase from Q4 2008 net income of $702 million.
- 4Q4 2008 earnings per share (EPS) was $0.06.
- 5The company filed an 8-K on January 15, 2010, detailing these results.
- 6The full earnings release and financial supplement are attached as exhibits.
- 7Computations for the Ratio of Earnings to Fixed Charges are also included.