Summary
JPMorgan Chase & Co. reported a net loss of $0.4 billion, or $(0.17) per share, for the third quarter of 2013. This is a significant decline compared to the $5.7 billion net income, or $1.40 per share, reported in the same period of the prior year (Q3 2012). This 8-K filing serves to announce these results and includes the attached earnings release and financial supplement. Investors should review these attached documents for a detailed breakdown of the factors contributing to this quarterly loss and the overall financial condition of the firm.
Key Highlights
- 1JPMorgan Chase reported a net loss of $0.4 billion for Q3 2013.
- 2This contrasts sharply with a net income of $5.7 billion in Q3 2012.
- 3Earnings per share (EPS) for Q3 2013 was a loss of $(0.17).
- 4This compares to an EPS of $1.40 in Q3 2012.
- 5The filing includes the official Q3 2013 earnings release as Exhibit 99.1.
- 6A financial supplement to the earnings release is also provided as Exhibit 99.2.
- 7The company did not provide specific reasons for the loss within the 8-K itself, directing readers to the exhibits.
Frequently Asked Questions
JPMorgan Chase reported a net loss of $0.4 billion, or $(0.17) per share, for the third quarter of 2013. This is a significant change from the third quarter of 2012, when the company reported a net income of $5.7 billion, or $1.40 per share.
The detailed financial results and information are provided in the attached Exhibits 99.1 (Earnings Release) and 99.2 (Earnings Release Financial Supplement) to this Form 8-K filing. These documents offer a comprehensive overview of the company's performance for the quarter.
The primary difference is the shift from a substantial net income of $5.7 billion in Q3 2012 to a net loss of $0.4 billion in Q3 2013. This translates to a significant drop in earnings per share from $1.40 to a loss of $(0.17) over the same period.