JPMorgan Chase Reports First-Quarter 2012 Net Income of $5.4 Billion, or $1.31 Per Share

null | Apr 13, 2012

April 13, 2012

REVENUE ¹ OF $27.4 BILLION, UP 24% OVER PRIOR QUARTER, UP 6% OVER PRIOR YEAR SUPPORTED CONSUMERS, BUSINESSES AND COMMUNITIES

New York, April 13, 2012 - JPMorgan Chase & Co. (NYSE: JPM) today reported first-quarter 2012 net income of $5.4 billion, compared with net income of $5.6 billion in the first quarter of 2011. Earnings per share were $1.31, compared with $1.28 in the first quarter of 2011.

Jamie Dimon, Chairman and Chief Executive Officer, commented on financial results: "The Firm reported strong revenue¹ for the first quarter of 2012 of $27.4 billion, up 24% compared with the prior quarter and up 6% compared with prior year. While several significant items affected our results, overall, the Firm's performance in the first quarter was solid. The Firm's return on tangible common equity¹ for the first quarter of 2012 was 16%, compared with 11% in the prior quarter and 18% in the prior year."

¹ For notes on non-GAAP measures, including managed basis reporting, see page 13.

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