8-KEarnings & ResultsExhibits & Filings

JPMORGAN CHASE & CO 8-K Report, Financial Results (Jul 15, 2010)

Filed July 15, 2010For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

JPMorgan Chase & Co. (JPM) filed an 8-K on July 15, 2010, reporting its second quarter 2010 financial results. The firm announced a significant increase in net income, reaching $4.8 billion, or $1.09 per share. This represents a substantial improvement compared to the $2.7 billion, or $0.28 per share, reported in the second quarter of 2009. This robust performance indicates a positive trend for JPMorgan Chase, demonstrating its ability to generate strong earnings even amidst a challenging economic environment. Investors should note the substantial year-over-year growth, suggesting improved operational efficiency and potentially a stronger market position. The filing includes detailed financial information via attached earnings releases and supplements, providing a comprehensive view of the company's performance.

Key Highlights

  • 1JPMorgan Chase reported $4.8 billion in net income for the second quarter of 2010.
  • 2Earnings per share (EPS) for Q2 2010 were $1.09.
  • 3This is a significant increase from Q2 2009 net income of $2.7 billion.
  • 4Q2 2009 EPS was $0.28 per share, showing a substantial year-over-year improvement.
  • 5The 8-K filing includes the Q2 2010 earnings release (Exhibit 99.1) and financial supplement (Exhibit 99.2) for detailed review.
  • 6Exhibits related to the computation of the ratio of earnings to fixed charges and preferred stock dividend requirements are also provided (Exhibits 12.1 and 12.2).

Frequently Asked Questions

JPMorgan Chase reported a net income of $4.8 billion, or $1.09 per share, for the second quarter of 2010.

The second quarter of 2010 showed a significant improvement compared to the second quarter of 2009, with net income rising to $4.8 billion ($1.09 per share) from $2.7 billion ($0.28 per share) respectively.

Detailed financial information can be found in the attached exhibits to the 8-K filing, specifically Exhibit 99.1 (Earnings Release) and Exhibit 99.2 (Earnings Release Financial Supplement).

The filing also includes computations for the Ratio of Earnings to Fixed Charges (Exhibit 12.1) and the Ratio of Earnings to Fixed Charges and Preferred Stock Dividend Requirements (Exhibit 12.2).