JPMorgan (JPM) Posts Q4 GAAP EPS of $1.32, $1.40 ex. Litigation, CVA/DVA

(Updated - January 14, 2016 6:46 AM EST)

JPMorgan (NYSE: JPM) reported Q4 EPS of $1.32, which may not compare with the analyst estimate of $1.27. Revenue for the quarter came in at $23.7 billion versus the consensus estimate of $22.89 billion.

Fourth-quarter results included $99 million of after-tax impact from legal-related matters ($0.03 per share decrease in earnings)

• Includes $417 million of after-tax Firmwide legal expense and $318 million of after-tax benefit related to a legal settlement

*** Q4 EPS was $1.40 excluding litigation, CVA/DVA.

Other highlights:

Firmwide Balance Sheet

• Period-end balance sheet down ~$220 billion in 2015
• Loans-to-deposits ratio of 65%, up 9% in 2015
• Average core loans up 16%

CCB
4Q15 ROE 18%
2015 ROE 18%

• CCB average core loans up 25%; CBB average deposits up 10%
• Nearly 23 million active mobile customers, up 20%
• Credit card sales volume6 up 6% and Merchant processing volume up 12%

CIB
4Q15 ROE 10%
2015 ROE 12%

• Maintained #1 ranking for Global Investment Banking fees with 7.9% wallet share in 2015
• #1 wallet share in North America and EMEA in 2015

CB
4Q15 ROE 15%
2015 ROE 15%

• Average loan balances up 14%; 12th consecutive quarter of single-digit NCO rate or net recoveries
• Record gross investment banking revenue of $2.2 billion in 2015, up 10%

AM
4Q15 ROE 21%
2015 ROE 21%

• Record average loan balances, up 7%
• 80% of mutual fund AUM ranked in the 1st or 2nd quartiles over 5 years

For earnings history and earnings-related data on JPMorgan (JPM) click here.

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