Summary
JPMorgan Chase & Co. (JPM) filed an 8-K on October 13, 2010, reporting its third quarter 2010 financial results. The firm announced a net income of $4.4 billion, or $1.01 per share, for the third quarter of 2010. This represents a notable increase compared to the $3.6 billion, or $0.82 per share, reported in the same quarter of the prior year. This filing provides investors with key performance indicators for the period, highlighting the company's profitability and earnings per share. The detailed earnings release and financial supplement, attached as exhibits, offer further granular information for a comprehensive analysis of the firm's operational and financial condition during the third quarter of 2010.
Key Highlights
- 1Reported third quarter 2010 net income of $4.4 billion.
- 2Earnings per share (EPS) for Q3 2010 was $1.01.
- 3Year-over-year net income increased from $3.6 billion in Q3 2009 to $4.4 billion in Q3 2010.
- 4Year-over-year EPS increased from $0.82 in Q3 2009 to $1.01 in Q3 2010.
- 5The filing includes an earnings release (Exhibit 99.1) and a financial supplement (Exhibit 99.2) for detailed review.
- 6Included are computations for the Ratio of Earnings to Fixed Charges (Exhibit 12.1) and Ratio of Earnings to Fixed Charges and Preferred Stock Dividend Requirements (Exhibit 12.2).