Summary
JPMorgan Chase & Co. (JPM) reported its third-quarter 2011 results on October 13, 2011, with net income of $4.3 billion, or $1.02 per share. This represents a slight decrease from the $4.4 billion, or $1.01 per share, reported in the third quarter of 2010. While earnings per share saw a marginal increase, the overall net income saw a slight dip year-over-year, indicating a period of stable but not significantly growing profitability. Investors should note that the report primarily serves to disseminate the official earnings release and related financial supplement. These documents, attached as exhibits, will contain the detailed financial breakdown of the quarter's performance, including revenues, expenses, and segment-specific results. The attached exhibits are crucial for a comprehensive understanding of the firm's financial condition and operating results beyond the headline figures.
Key Highlights
- 1JPMorgan Chase reported third-quarter 2011 net income of $4.3 billion.
- 2Diluted earnings per share for Q3 2011 were $1.02.
- 3This compares to net income of $4.4 billion in Q3 2010.
- 4Third-quarter 2010 earnings per share were $1.01.
- 5The report primarily disseminates the Q3 2011 earnings release and financial supplement as exhibits.
- 6Exhibits 99.1 and 99.2 contain the detailed financial information for the quarter.