January 13, 2012
New York, January 13, 2012 – Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co. (NYSE: JPM), commented: “Every day, we put the Firm’s resources to work to help our customers, corporate clients and the communities where we do business. During 2011, the Firm provided credit2 and raised capital of over $1.8 trillion for our commercial and consumer clients, up 18% from the prior year. We provided more than $17 billion of credit2 to U.S. small businesses, up 52% over prior year. We raised capital or provided credit2 of $68 billion for more than 1,200 not-for-profit and government entities, including states, municipalities, hospitals and universities. We also provided new credit cards to 8.5 million people and originated more than 765,000 mortgages. In order to help struggling homeowners, the Firm has offered more than 1.2 million mortgage modifications since 2009, of which 452,000 were completed.”
JPMorgan Chase reported net income of $3.7 billion for the fourth quarter of 2011, compared with $4.8 billion for the fourth quarter of 2010. Earnings per share were $0.90 for the fourth quarter of 2011, compared with $1.12 for the fourth quarter of 2010. Full-year 2011 net income was a record $19.0 billion, compared with $17.4 billion for the prior year. Earnings per share were $4.48 for 2011, compared with $3.96 for 2010.
1 Presented on a managed basis. For notes on managed basis and other non-GAAP measures, see page 14.
2 For notes on financial measures, see pages 14 and 15.