Summary
JPMorgan Chase & Co. (JPM) filed an 8-K on April 13, 2016, reporting its first quarter 2016 financial results. The firm announced a net income of $5.5 billion, or $1.35 per share, for the quarter. This represents a decrease compared to the $5.9 billion, or $1.45 per share, reported in the first quarter of 2015. The filing primarily serves to attach the official earnings release and financial supplement for the first quarter of 2016. Investors should refer to these attached exhibits for detailed segment performance, balance sheet information, and management's commentary on the results. The core takeaway for investors from this 8-K is the headline earnings figure and the year-over-year decline in profitability.
Key Highlights
- 1JPMorgan Chase reported $5.5 billion in net income for Q1 2016.
- 2Earnings per share (EPS) for Q1 2016 stood at $1.35.
- 3This Q1 2016 net income is lower than the $5.9 billion reported in Q1 2015.
- 4The Q1 2015 EPS was $1.45, a decrease from the prior year's period.
- 5The 8-K filing includes the official Q1 2016 earnings release (Exhibit 99.1).
- 6A detailed financial supplement for Q1 2016 results is also attached (Exhibit 99.2).
- 7The filing confirms that the attached exhibits are considered 'filed' for SEC purposes.