- JPMorgan Chase & Co. released its financial supplement for the second quarter of 2010 including consolidated results and business detail. - Total net revenue was $25.1 billion for Q2 2010, down 9% from Q1 2010 but up 2% year-over-year. Net income was $4.8 billion for Q2 2010, up 44% from Q1 2010 and 76% year-over-year. - By line of business, the Investment Bank and Commercial Banking saw the largest increases in net income quarter-over-quarter, while Retail Financial Services had a loss in Q1 2010 but profit in Q2 2010.

1. EARNINGS RELEASE FINANCIAL SUPPLEMENT
SECOND QUARTER 2010

2. JPMORGAN CHASE & CO.
TABLE OF CONTENTS
Page(s)
Consolidated Results
Consolidated Financial Highlights
Statements of Income
Consolidated Balance Sheets
Condensed Average Balance Sheets and Annualized Yields
Reconciliation from Reported to Managed Summary
2-3
4
5
6
7
Business Detail
Line of Business Financial Highlights - Managed Basis
Investment Bank
Retail Financial Services
Card Services - Managed Basis
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity
8
9-11
12-18
19-21
22-23
24-25
26-29
30-31
Credit-Related Information
32-38
Market Risk-Related Information
39
Supplemental Detail
Capital and Other Selected Balance Sheet Items
Per Share-Related Information
40
41
Non-GAAP Financial Measures
42
Glossary of Terms
Disclosure Change Summary
43-46
47
Page 1

3. JPMORGAN CHASE & CO.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(in millions, except per share, ratio and headcount data)
QUARTERLY TRENDS
SELECTED INCOME STATEMENT DATA:
Reported Basis
Total net revenue
Total noninterest expense
Pre-provision profit
Provision for credit losses
Income before extraordinary gain
Extraordinary gain (a)
NET INCOME
Managed Basis (b)
Total net revenue
Total noninterest expense
Pre-provision profit
Provision for credit losses
Income before extraordinary gain
Extraordinary gain (a)
NET INCOME
2Q10
1Q10
4Q09
YEAR-TO-DATE
3Q09
2Q10 Change
1Q10
2Q09
2Q09
2010
2010 Change
2009
2009
$
25,101
14,631
10,470
3,363
4,795
4,795
$
27,671
16,124
11,547
7,010
3,326
3,326
$
23,164
12,004
11,160
7,284
3,278
3,278
$
26,622
13,455
13,167
8,104
3,512
76
3,588
$
25,623
13,520
12,103
8,031
2,721
2,721
(9) %
(9)
(9)
(52)
44
44
(2) %
8
(13)
(58)
76
76
$
52,772
30,755
22,017
10,373
8,121
8,121
$
50,648
26,893
23,755
16,627
4,862
4,862
4 %
14
(7)
(38)
67
67
$
25,613
14,631
10,982
3,363
4,795
4,795
$
28,172
16,124
12,048
7,010
3,326
3,326
$
25,236
12,004
13,232
8,901
3,278
3,278
$
28,780
13,455
15,325
9,802
3,512
76
3,588
$
27,709
13,520
14,189
9,695
2,721
2,721
(9)
(9)
(9)
(52)
44
44
(8)
8
(23)
(65)
76
76
$
53,785
30,755
23,030
10,373
8,121
8,121
$
54,631
26,893
27,738
19,755
4,862
4,862
(2)
14
(17)
(47)
67
67
PER COMMON SHARE DATA:
Basic Earnings
Income before extraordinary gain
Net income
1.10
1.10
0.75
0.75
0.75
0.75
0.80
0.82
0.28
0.28
47
47
293
293
1.84
1.84
0.68
0.68
171
171
Diluted Earnings (c)
Income before extraordinary gain
Net income
1.09
1.09
0.74
0.74
0.74
0.74
0.80
0.82
0.28
0.28
47
47
289
289
1.83
1.83
0.68
0.68
169
169
Cash dividends declared
Book value
Closing share price
Market capitalization
0.05
40.99
36.61
145,554
0.05
39.38
44.75
177,897
0.05
39.88
41.67
164,261
0.05
39.12
43.82
172,596
0.05
37.36
34.11
133,852
4
(18)
(18)
10
7
9
0.10
40.99
36.61
145,554
0.10
37.36
34.11
133,852
10
7
9
COMMON SHARES OUTSTANDING:
Weighted-average diluted shares
Common shares at period-end
4,005.6
3,975.8
3,994.7
3,975.4
3,974.1
3,942.0
3,962.0
3,938.7
3,824.1
3,924.1
5
1
4,000.2
3,975.8
3,791.4
3,924.1
6
1
FINANCIAL RATIOS: (d)
Net income:
Return on equity ("ROE") (c)
Return on tangible common equity ("ROTCE") (c)(e)
Return on assets ("ROA")
12
17
0.94
%
8
12
0.66
CAPITAL RATIOS:
Tier 1 capital ratio
Total capital ratio
Tier 1 common capital ratio (f)
12.1 (g)
15.8 (g)
9.6 (g)
11.5
15.1
9.1
%
8
12
0.65
11.1
14.8
8.8
%
9 % (a)
14 (a)
0.71 (a)
3
5
0.54
10.2
13.9
8.2
-
%
10
15
0.80
%
4
6
0.48
%
9.7
13.3
7.7
(a)
On September 25, 2008, JPMorgan Chase acquired the banking operations of Washington Mutual. The acquisition resulted in negative goodwill, and accordingly, the Firm recognized an extraordinary gain. A preliminary gain of $1.9
billion was recognized at December 31, 2008. The final total extraordinary gain that resulted from the Washington Mutual transaction was $2.0 billion. For the third quarter of 2009, and based on income before extraordinary gain, return
(c) Theon equity remained at2009 earnings per share includescommon non-cash was 13%$1.1 billion, or $0.27 assets was 0.70%.
calculation of second quarter 9%, return on tangible a one-time, equity reduction of and return on per share, resulting from repayment of TARP preferred capital.
(b) For further discussion of managed basis, see Reconciliation from Reported to Managed Summary on page 7.
(c) The calculation of the second quarter 2009 earnings per share and net income applicable to common equity includes a one-time, noncash reduction of $1.1 billion, or $0.27 per share, resulting from repayment of Troubled Asset Relief
Program (“TARP”) preferred capital. Excluding this reduction, the adjusted ROE and ROTCE for the second quarter 2009 would have been 6% and 10%, respectively. The Firm views the adjusted ROE and ROTCE, both non-GAAP
financial measures, as meaningful because they enable the comparability to prior periods.
(d) Ratios are based upon annualized amounts.
(e) The Firm uses return on tangible common equity, a non-GAAP financial measure, to evaluate the Firm's use of equity and to facilitate comparisons with competitors. For further discussion of ROTCE, see page 42.
(f) Tier 1 common capital ratio is Tier 1 common capital divided by risk-weighted assets. The Firm uses Tier 1 common capital along with the other capital measures to assess and monitor its capital position. For further discussion of Tier 1
common capital ratio, see page 42.
(g) Estimated.
Page 2

4. JPMORGAN CHASE & CO.
CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except per share, ratio and headcount data)
QUARTERLY TRENDS
YEAR-TO-DATE
2Q10
SELECTED BALANCE SHEET DATA (Period-end) (a)
Total assets
Wholesale loans
Consumer loans
Deposits
Common stockholders' equity
Total stockholders' equity
1Q10
4Q09
3Q09
2Q09
$ 2,014,019
216,826
482,657
887,805
162,968
171,120
$ 2,135,796
214,290
499,509
925,303
156,569
164,721
$ 2,031,989
204,175
429,283
938,367
157,213
165,365
$ 2,041,009
218,953
434,191
867,977
154,101
162,253
$ 2,026,642
231,625
448,976
866,477
146,614
154,766
232,939
226,623
222,316
220,861
220,255
Headcount
LINE OF BUSINESS NET INCOME/(LOSS)
Investment Bank
Retail Financial Services
Card Services
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity
NET INCOME
(a)
$
$
1,381
1,042
343
693
292
391
653
4,795
$
$
2,471
(131)
(303)
390
279
392
228
3,326
$
$
1,901
(399)
(306)
224
237
424
1,197
3,278
$
$
1,921
7
(700)
341
302
430
1,287
3,588
$
$
1,471
15
(672)
368
379
352
808
2,721
2Q10 Change
1Q10
2Q09
(6) %
1
(3)
(4)
4
4
3
(44)
NM
NM
78
5
186
44
2010
(1) %
(6)
8
2
11
11
2009
$ 2,014,019
216,826
482,657
887,805
162,968
171,120
$ 2,026,642
231,625
448,976
866,477
146,614
154,766
232,939
220,255
6
(6)
NM
NM
88
(23)
11
(19)
76
2010 Change
2009
$
$
3,852
911
40
1,083
571
783
881
8,121
$
$
3,077
489
(1,219)
706
687
576
546
4,862
(1) %
(6)
8
2
11
11
6
25
86
NM
53
(17)
36
61
67
Effective January 1, 2010, the Firm adopted new guidance that amended the accounting for the transfer of financial assets and the consolidation of variable interest entities (“VIEs”). Upon adoption of the new guidance, the Firm consolidated its
Firm-sponsored credit card securitization trusts, Firm-administered multi-seller conduits and certain other consumer loan securitization entities, primarily mortgage-related, adding $87.7 billion and $92.2 billion of assets and liabilities, respectively,
and decreasing stockholders’ equity and the Tier I capital ratio by $4.5 billion and 34 basis points, respectively. The reduction to stockholders’ equity was driven by the establishment of an allowance for loan losses of $7.5 billion (pretax) primarily
related to receivables held in credit card securitization trusts that were consolidated at the adoption date. For further details regarding the Firm's application and impact of the new accounting guidance, see Note 14 on pages 130-131, Note 15 on
pages 131-142 and Note 22 on pages 149-152 of JPMorgan Chase's March 31, 2010, Form 10-Q.
Page 3

5. JPMORGAN CHASE & CO.
STATEMENTS OF INCOME
(in millions, except per share and ratio data)
QUARTERLY TRENDS
REVENUE
Investment banking fees
Principal transactions
Lending- and deposit-related fees
Asset management, administration and commissions
Securities gains
Mortgage fees and related income
Credit card income
Other income
Noninterest revenue
Interest income
Interest expense
Net interest income
TOTAL NET REVENUE
Provision for credit losses
NONINTEREST EXPENSE
Compensation expense
Occupancy expense
Technology, communications and equipment expense
Professional and outside services
Marketing
Other expense
Amortization of intangibles
Merger costs
TOTAL NONINTEREST EXPENSE
Income before income tax expense and extraordinary gain
Income tax expense (a)
Income before extraordinary gain
Extraordinary gain (b)
NET INCOME
DILUTED EARNINGS PER SHARE
Income before extraordinary gain (c)
Extraordinary gain
NET INCOME (c)
1Q10
$
1,461
4,548
1,646
3,265
610
658
1,361
412
13,961
16,845
3,135
13,710
27,671
7,010
4Q09
$
1,916
838
1,765
3,361
381
450
1,844
231
10,786
15,615
3,237
12,378
23,164
7,284
3Q09
$
1,679
3,860
1,826
3,158
184
843
1,710
625
13,885
16,260
3,523
12,737
26,622
8,104
2Q09
$
2,106
3,097
1,766
3,124
347
784
1,719
10
12,953
16,549
3,879
12,670
25,623
8,031
7,616
883
1,165
1,685
628
2,419
235
14,631
7,276
869
1,137
1,575
583
4,441
243
16,124
5,112
944
1,182
1,682
536
2,262
256
30
12,004
7,311
923
1,140
1,517
440
1,767
254
103
13,455
6,917
914
1,156
1,518
417
2,190
265
143
13,520
5
2
2
7
8
(46)
(3)
(9)
10
(3)
1
11
51
10
(11)
NM
8
14,892
1,752
2,302
3,260
1,211
6,860
478
30,755
14,505
1,799
2,302
3,033
801
3,565
540
348
26,893
3
(3)
7
51
92
(11)
NM
14
7,107
2,312
4,795
4,795
4,537
1,211
3,326
3,326
3,876
598
3,278
3,278
5,063
1,551
3,512
76
3,588
4,072
1,351
2,721
2,721
57
91
44
44
75
71
76
76
11,644
3,523
8,121
8,121
7,128
2,266
4,862
4,862
63
55
67
67
0.28
0.28
47
47
289
289
0.68
0.68
169
169
$
$
$
(a)
(b)
(c)
(d)
(e)
1.09
1.09
12
17
0.94
33
58
$
$
$
$
$
$
$
%
0.74
0.74
8
12
0.66
27
58
4,795
4,795
$
1.09
1.09
$
$
$
$
$
$
%
0.74
0.74
8
12
0.65
15
52
3,326
3,326
$
0.74
0.74
$
$
$
$
$
$
%
0.80
0.02
0.82
$
$
$
9 % (b)
14 (b)
0.71 (b)
31
51
3,278
18
3,296
$
0.74
0.01
0.75
$
$
$
3
5
0.54
33
53
3,512
64
3,576
$
0.80
0.02
0.82
$
$
$
$
$
$
$
%
2010
2,882
6,638
3,232
6,614
1,610
1,546
2,856
997
26,375
32,564
6,167
26,397
52,772
10,373
2010 Change
2009
(17) %
30
(6)
10
195
(35)
(20)
NM
7
(6)
(27)
1
4
(38)
2Q10
$
1,421
2,090
1,586
3,349
1,000
888
1,495
585
12,414
15,719
3,032
12,687
25,101
3,363
FINANCIAL RATIOS
Net income:
Return on equity (c)
Return on tangible common equity (c)(d)
Return on assets
Effective income tax rate (a)
Overhead ratio
EXCLUDING IMPACT OF MERGER COSTS (e)
Income before extraordinary gain
Merger costs (after-tax)
Income before extraordinary gain excl. merger costs
Diluted Earnings Per Share:
Income before extraordinary gain (c)
Merger costs (after-tax)
Income before extraordinary gain excl. merger costs (c)
YEAR TO DATE
2Q10 Change
1Q10
2Q09
(3) %
(33) %
(54)
(33)
(4)
(10)
3
7
64
188
35
13
10
(13)
42
NM
(11)
(4)
(7)
(5)
(3)
(22)
(7)
(9)
(2)
(52)
(58)
44
44
76
NM
71
$
0.28
0.02
0.30
47
47
289
NM
263
$
$
$
$
1.83
1.83
10
15
0.80
30
58
2,721
89
2,810
$
$
$
%
2009
3,492
5,098
3,454
6,021
545
2,385
3,556
60
24,611
34,475
8,438
26,037
50,648
16,627
4
6
0.48
32
53
8,121
8,121
$
1.83
1.83
$
$
$
%
4,862
216
5,078
67
NM
60
0.68
0.05
0.73
169
NM
151
The income tax expense in the first quarter of 2010 and fourth quarter of 2009 includes tax benefits recognized upon the resolution of tax audits.
On September 25, 2008, JPMorgan Chase acquired the banking operations of Washington Mutual. The acquisition resulted in negative goodwill, and accordingly, the Firm recognized an extraordinary gain. A preliminary gain of $1.9 billion was
recognized at December 31, 2008. The final total extraordinary gain that resulted from the Washington Mutual transaction was $2.0 billion. For the third quarter of 2009, and based on income before extraordinary gain, return on equity remained
at 9%, return on tangible common equity was 13% and return on assets was 0.70%.
The calculation of the second quarter 2009 earnings per share and net income applicable to common equity includes a one-time, noncash reduction of $1.1 billion, or $0.27 per share, resulting from repayment of TARP preferred capital. For
additional information on the reduction, see page 2, footnote (c).
The Firm uses return on tangible common equity, a non-GAAP financial measure, to evaluate the Firm's use of equity and to facilitate comparisons with competitors. For further discussion of ROTCE, see page 42.
Net income excluding merger costs, a non-GAAP financial measure, is used by the Firm to facilitate comparison of results against the Firm's ongoing operations and with other companies' U.S. GAAP financial statements.
Page 4

6. JPMORGAN CHASE & CO.
CONSOLIDATED BALANCE SHEETS
(in millions)
Jun 30
2010
ASSETS (a)
Cash and due from banks
Deposits with banks
Federal funds sold and securities purchased under
resale agreements
Securities borrowed
Trading assets:
Debt and equity instruments
Derivative receivables
Securities
Loans
Less: Allowance for loan losses
Loans, net of allowance for loan losses
Accrued interest and accounts receivable
Premises and equipment
Goodwill
Mortgage servicing rights
Other intangible assets
Other assets
TOTAL ASSETS
LIABILITIES (a)
Deposits
Federal funds purchased and securities loaned or sold
under repurchase agreements
Commercial paper
Other borrowed funds
$
32,806
39,430
Mar 31
2010
$
31,422
59,014
Dec 31
2009
$
26,206
63,230
Sep 30
2009
$
21,068
59,623
Jun 30
2009
$
25,133
61,882
June 30, 2010
Change
Mar 31
Jun 30
2010
2009
4 %
(33)
31 %
(36)
199,024
122,289
230,123
126,741
195,404
119,630
171,007
128,059
159,170
129,263
(14)
(4)
25
(5)
$
317,293
80,215
312,013
699,483
35,836
663,647
61,295
11,267
48,320
11,853
4,178
110,389
2,014,019
$
346,712
79,416
344,376
713,799
38,186
675,613
53,991
11,123
48,359
15,531
4,383
108,992
2,135,796
$
330,918
80,210
360,390
633,458
31,602
601,856
67,427
11,118
48,357
15,531
4,621
107,091
2,031,989
$
330,370
94,065
372,867
653,144
30,633
622,511
59,948
10,675
48,334
13,663
4,862
103,957
2,041,009
$
298,135
97,491
345,563
680,601
29,072
651,529
61,302
10,668
48,288
14,600
5,082
118,536
2,026,642
(8)
1
(9)
(2)
(6)
(2)
14
1
(24)
(5)
1
(6)
6
(18)
(10)
3
23
2
6
(19)
(18)
(7)
(1)
$
887,805
$
925,303
$
938,367
$
867,977
$
866,477
(4)
2
237,455
41,082
44,431
295,171
50,554
48,981
261,413
41,794
55,740
310,219
53,920
50,824
300,931
42,713
73,968
(20)
(19)
(9)
(21)
(4)
(40)
Trading liabilities:
Debt and equity instruments
Derivative payables
Accounts payable and other liabilities
Beneficial interests issued by consolidated VIEs
Long-term debt
TOTAL LIABILITIES
74,745
60,137
160,478
88,148
248,618
1,842,899
78,228
62,741
154,185
93,055
262,857
1,971,075
64,946
60,125
162,696
15,225
266,318
1,866,624
65,233
69,214
171,386
17,859
272,124
1,878,756
56,021
67,197
171,685
20,945
271,939
1,871,876
(4)
(4)
4
(5)
(5)
(7)
33
(11)
(7)
321
(9)
(2)
STOCKHOLDERS' EQUITY (a)
Preferred stock
Common stock
Capital surplus
Retained earnings
Accumulated other comprehensive income/(loss)
Shares held in RSU trust, at cost
Treasury stock, at cost
TOTAL STOCKHOLDERS' EQUITY
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
8,152
4,105
96,745
65,465
2,404
(68)
(5,683)
171,120
2,014,019
8,152
4,105
96,450
61,043
761
(68)
(5,722)
164,721
2,135,796
8,152
4,105
97,982
62,481
(91)
(68)
(7,196)
165,365
2,031,989
8,152
4,105
97,564
59,573
283
(86)
(7,338)
162,253
2,041,009
8,152
4,105
97,662
56,355
(3,438)
(86)
(7,984)
154,766
2,026,642
7
216
1
4
(6)
(1)
16
NM
21
29
11
(1)
(a)
$
$
$
$
$
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. For further details regarding the
Firm’s application and impact of the new guidance, see footnote (a) on page 3.
Page 5

7. JPMORGAN CHASE & CO.
CONDENSED AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS
(in millions, except rates)
QUARTERLY TRENDS
AVERAGE BALANCES (a)
ASSETS
Deposits with banks
Federal funds sold and securities purchased under
resale agreements
Securities borrowed
Trading assets - debt instruments
Securities
Loans
Other assets (b)
Total interest-earning assets
Trading assets - equity instruments
Trading assets - derivative receivables
All other noninterest-earning assets
TOTAL ASSETS
LIABILITIES
Interest-bearing deposits
Federal funds purchased and securities loaned or
sold under repurchase agreements
Commercial paper
Trading liabilities - debt instruments
Other borrowings and liabilities (c)
Beneficial interests issued by consolidated VIEs
Long-term debt
Total interest-bearing liabilities
Noninterest-bearing deposits
Trading liabilities - equity instruments
Trading liabilities - derivative payables
All other noninterest-bearing liabilities
TOTAL LIABILITIES
Preferred stock
Common stockholders' equity
TOTAL STOCKHOLDERS' EQUITY
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY
AVERAGE RATES (a)
INTEREST-EARNING ASSETS
Deposits with banks
Federal funds sold and securities purchased under
resale agreements
Securities borrowed
Trading assets - debt instruments
Securities
Loans
Other assets (b)
Total interest-earning assets
INTEREST-BEARING LIABILITIES
Interest-bearing deposits
Federal funds purchased and securities loaned or
2Q10
$
1Q10
58,737
4Q09
$
64,229
$
189,573
113,650
245,532
327,425
705,189
34,429
1,674,535
95,080
79,409
194,623
2,043,647
$
668,953
$
49,705
$
170,036
114,636
248,089
337,441
725,136
27,885
1,687,452
83,674
78,683
188,871
2,038,680
$
677,431
$
%
62,248
$
156,848
125,453
256,414
374,327
642,406
29,868
1,635,021
74,936
86,415
196,853
1,993,225
$
$
68,001
$
151,705
129,301
250,148
359,451
665,386
24,155
1,642,394
66,790
99,807
190,185
1,999,176
667,269
$
660,998
283,263
42,290
63,048
119,374
16,002
268,476
1,459,722
203,092
8,372
63,423
93,939
1,828,548
8,152
156,525
164,677
2,038,680
0.60
2Q09
$
271,934
37,461
65,154
123,321
98,104
262,503
1,535,908
200,075
5,728
59,053
73,670
1,874,434
8,152
156,094
164,246
2,043,647
0.63
3Q09
$
273,614
37,557
72,276
131,546
90,085
256,089
1,530,120
209,615
5,216
62,547
68,928
1,876,426
8,152
159,069
167,221
$
%
YEAR-TO-DATE
$
%
(14) %
$
142,226
122,235
245,444
354,216
697,908
36,638
1,666,668
63,507
114,096
194,101
2,038,372
11
(1)
(1)
(3)
(3)
23
(1)
14
1
3
-
$
$
33
(7)
(8)
1
(6)
50
(30)
-
672,350
(1)
(1)
1
$
%
11
7
(8)
(2)
5
(9)
6
(6)
2
2
2,038,372
-
-
$
78,237
$
179,858
114,140
246,804
332,405
715,108
31,175
1,680,958
89,408
79,048
191,763
2,041,177
$
151,554
121,498
248,753
318,019
712,353
32,050
1,662,464
63,130
128,092
198,980
2,052,666
19
(6)
(1)
5
(3)
1
42
(38)
(4)
(1)
$
673,169
$
704,228
(4)
258,217
35,543
41,690
180,309
12,138
266,571
1,498,696
198,531
13,036
86,503
87,071
1,883,837
30,138
138,691
168,829
6
6
65
(29)
NM
(3)
2
3
(58)
(30)
(18)
(73)
14
(2)
2,052,666
(1)
(6)
67
(20)
NM
(7)
2
5
(54)
(20)
(18)
(71)
13
(1)
1.45
-
%
2010 Change
2009
2009
61,468
289,971
37,371
43,150
164,339
14,493
274,323
1,495,997
199,221
11,437
78,155
84,359
1,869,169
28,338
140,865
169,203
1,999,176
0.83
2010
(9) %
303,175
42,728
47,467
131,518
19,351
271,281
1,476,518
191,821
12,376
75,458
85,383
1,841,556
8,152
149,468
157,620
1,993,225
0.95
2Q10 Change
1Q10
2Q09
272,779
37,509
68,735
127,455
94,072
259,279
1,532,998
204,871
5,470
60,809
71,287
1,875,435
8,152
157,590
165,742
$
2,041,177
0.61
$
%
1.78
0.84
0.11
4.25
3.14
5.68
1.60
3.79
0.97
0.10
4.56
3.54
5.91
1.36
4.07
0.92
0.14
4.63
3.32
5.51
1.42
3.80
0.96
(0.09)
4.78
3.62
5.64
2.18
3.95
1.04
(0.32)
4.91
3.64
5.65
0.80
4.00
0.90
0.11
4.41
3.34
5.80
1.49
3.93
0.51
0.53
0.65
0.70
0.52
%
1.35
(0.02)
5.09
3.87
5.76
1.50
4.20
0.53
(21) %
0.82
(d)
(d)
sold under repurchase agreements
Commercial paper
Trading liabilities - debt instruments
Other borrowings and liabilities (c)
Beneficial interests issued by consolidated VIEs
Long-term debt
Total interest-bearing liabilities
(0.07)
0.19
2.49
0.50
1.36
1.97
0.79
(0.05)
0.19
3.39
0.56
1.36
1.95
0.83
0.08
0.20
3.85
0.83
1.32
2.01
0.88
0.20
0.23
4.50
0.69
1.43
2.09
0.95
0.23
0.24
3.76
0.69
1.59
2.60
1.04
(0.06)
0.19
2.91
0.53
1.36
1.96
0.81
0.29
0.35
3.71
0.86
1.58
2.67
1.14
INTEREST RATE SPREAD
NET YIELD ON INTEREST-EARNING ASSETS
NET YIELD ON INTEREST-EARNING ASSETS
ADJUSTED FOR SECURITIZATIONS
3.00%
3.06%
3.24%
3.32%
2.92%
3.02%
3.00%
3.10%
2.96%
3.07%
3.12%
3.19%
3.06%
3.18%
3.06%
3.32%
3.33%
3.40%
3.37%
3.19%
3.48%
(a)
(b)
(c)
(d)
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. For further details regarding the Firm’s application and impact of the new guidance,
see footnote (a) on page 3.
Includes margin loans and the Firm's investment in asset-backed commercial paper under the Federal Reserve Bank of Boston's AML facility, which declined to zero during the third quarter of 2009.
Includes securities sold but not yet purchased, brokerage customer payables and advances from Federal Home Loan Banks.
Reflects a benefit from the favorable market environment for dollar-roll financings.
Page 6

8. JPMORGAN CHASE & CO.
RECONCILIATION FROM REPORTED TO MANAGED SUMMARY
(in millions)
The Firm prepares its consolidated financial statements using accounting principles generally accepted in the United States of America ("U.S. GAAP"). That presentation, which is referred to as "reported basis," provides the reader with an
understanding of the Firm's results that can be tracked consistently from year to year and enables a comparison of the Firm's performance with other companies' U.S. GAAP financial statements.
In addition to analyzing the Firm’s results on a reported basis, management reviews the Firm’s results and the results of the lines of business on a “managed” basis, which is a non-GAAP financial measure. For additional information on
managed basis, including the effect of adopting, effective January 1, 2010, new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs, refer to the notes on Non-GAAP Financial
Measures on page 42.
QUARTERLY TRENDS
CREDIT CARD INCOME
Credit card income - reported
Impact of:
Credit card securitizations
Credit card income - managed
OTHER INCOME
Other income - reported
Impact of:
Tax-equivalent adjustments
Other income - managed
TOTAL NONINTEREST REVENUE
Total noninterest revenue - reported
Impact of:
Credit card securitizations
Tax-equivalent adjustments
Total noninterest revenue - managed
NET INTEREST INCOME
Net interest income - reported
Impact of:
Credit card securitizations
Tax-equivalent adjustments
Net interest income - managed
TOTAL NET REVENUE
Total net revenue - reported
Impact of:
Credit card securitizations
Tax-equivalent adjustments
Total net revenue - managed
PRE-PROVISION PROFIT
Total pre-provision profit - reported
Impact of:
Credit card securitizations
Tax-equivalent adjustments
Total pre-provision profit - managed
PROVISION FOR CREDIT LOSSES
Provision for credit losses - reported
Impact of:
Credit card securitizations
Provision for credit losses - managed
INCOME TAX EXPENSE
Income tax expense - reported
Impact of:
Tax-equivalent adjustments
Income tax expense - managed
2Q10
$
1,495
1Q10
$
1,361
4Q09
$
1,844
3Q09
$
1,710
YEAR-TO-DATE
2Q09
$
1,719
$
N/A
1,495
$
N/A
1,361
$
(375)
1,469
$
(285)
1,425
$
$
585
$
412
$
231
$
625
$
$
416
1,001
$
411
823
$
397
628
$
371
996
$
12,414
$
13,961
$
10,786
$
13,885
$
N/A
416
12,830
$
N/A
411
14,372
$
(375)
397
10,808
$
(285)
371
13,971
$
12,687
$
13,710
$
12,378
$
$
N/A
96
12,783
$
N/A
90
13,800
$
1,992
58
14,428
$
25,101
$
27,671
$
$
N/A
512
25,613
$
N/A
501
28,172
$
10,470
$
11,547
$
N/A
512
10,982
$
(294)
1,425
2Q10 Change
1Q10
2Q09
10 %
(13) %
$
2010
2,856
$
2009
3,556
NM
10
NM
5
$
N/A
2,856
$
10
42
NM
$
997
$
60
$
335
345
1
22
$
827
1,824
$
672
732
$
12,953
(11)
(4)
$
26,375
$
24,611
7
$
(294)
335
12,994
NM
1
(11)
NM
24
(1)
$
N/A
827
27,202
$
(834)
672
24,449
NM
23
11
12,737
$
12,670
(7)
-
$
26,397
$
26,037
1
$
1,983
89
14,809
$
1,958
87
14,715
NM
7
(7)
NM
10
(13)
$
N/A
186
26,583
$
3,962
183
30,182
NM
2
(12)
23,164
$
26,622
$
25,623
(9)
(2)
$
52,772
$
50,648
4
$
1,617
455
25,236
$
1,698
460
28,780
$
1,664
422
27,709
NM
2
(9)
NM
21
(8)
$
N/A
1,013
53,785
$
3,128
855
54,631
NM
18
(2)
$
11,160
$
13,167
$
12,103
(9)
(13)
$
22,017
$
23,755
(7)
$
N/A
501
12,048
$
1,617
455
13,232
$
1,698
460
15,325
$
1,664
422
14,189
NM
2
(9)
NM
21
(23)
$
N/A
1,013
23,030
$
3,128
855
27,738
NM
18
(17)
3,363
$
7,010
$
7,284
$
8,104
$
8,031
(52)
(58)
$
10,373
$
16,627
(38)
$
N/A
3,363
$
N/A
7,010
$
1,617
8,901
$
1,698
9,802
$
1,664
9,695
NM
(52)
NM
(65)
$
N/A
10,373
$
3,128
19,755
NM
(47)
$
2,312
$
1,211
$
598
$
1,551
$
1,351
91
71
$
3,523
$
2,266
55
$
512
2,824
$
501
1,712
$
455
1,053
$
460
2,011
$
422
1,773
2
65
21
59
$
1,013
4,536
$
855
3,121
18
45
24
190
(834)
2,722
2010 Change
2009
(20) %
NM
5
NM
23
149
N/A: Not applicable.
Page 7

9. JPMORGAN CHASE & CO.
LINE OF BUSINESS FINANCIAL HIGHLIGHTS - MANAGED BASIS
(in millions, except ratio data)
QUARTERLY TRENDS
2Q10
TOTAL NET REVENUE (FTE)
Investment Bank (a)
Retail Financial Services
Card Services
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity (a)
TOTAL NET REVENUE
TOTAL PRE-PROVISION PROFIT
Investment Bank (a)
Retail Financial Services
Card Services
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity (a)
TOTAL PRE-PROVISION PROFIT
NET INCOME/(LOSS)
Investment Bank
Retail Financial Services
Card Services
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity
TOTAL NET INCOME
AVERAGE EQUITY (b)
Investment Bank
Retail Financial Services
Card Services
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity
TOTAL AVERAGE EQUITY
RETURN ON EQUITY (b)
Investment Bank
Retail Financial Services
Card Services
Commercial Banking
Treasury & Securities Services
Asset Management
(a)
(b)
$
$
$
$
$
$
$
$
1Q10
6,332
7,809
4,217
1,486
1,881
2,068
1,820
25,613
$
1,810
3,528
2,781
944
482
663
774
10,982
$
1,381
1,042
343
693
292
391
653
4,795
$
40,000
28,000
15,000
8,000
6,500
6,500
55,069
159,069
$
14
15
9
35
18
24
$
$
$
$
%
4Q09
8,319
7,776
4,447
1,416
1,756
2,131
2,327
28,172
$
3,481
3,534
3,045
877
431
689
(9)
12,048
$
2,471
(131)
(303)
390
279
392
228
3,326
$
40,000
28,000
15,000
8,000
6,500
6,500
52,094
156,094
25 %
(2)
(8)
20
17
24
$
$
$
$
$
YEAR-TO-DATE
3Q09
4,929
7,669
5,148
1,406
1,835
2,195
2,054
25,236
$
2,643
3,367
3,752
863
444
725
1,438
13,232
$
1,901
(399)
(306)
224
237
424
1,197
3,278
33,000
25,000
15,000
8,000
5,000
7,000
63,525
156,525
23 %
(6)
(8)
11
19
24
$
$
$
$
$
$
2Q09
7,508
8,218
5,159
1,459
1,788
2,085
2,563
28,780
$
3,234
4,022
3,853
914
508
734
2,060
15,325
$
1,921
7
(700)
341
302
430
1,287
3,588
33,000
25,000
15,000
8,000
5,000
7,000
56,468
149,468
23 %
(19)
17
24
24
$
$
$
$
$
$
2Q10 Change
1Q10
2Q09
2010
7,301
7,970
4,868
1,453
1,900
1,982
2,235
27,709
(24) %
(5)
5
7
(3)
(22)
(9)
(13) %
(2)
(13)
2
(1)
4
(19)
(8)
$
3,234
3,891
3,535
918
612
628
1,371
14,189
(48)
(9)
8
12
(4)
NM
(9)
(44)
(9)
(21)
3
(21)
6
(44)
(23)
$
(44)
NM
NM
78
5
186
44
(6)
NM
NM
88
(23)
11
(19)
76
$
6
2
21
12
30
(7)
15
13
$
1,471
15
(672)
368
379
352
808
2,721
33,000
25,000
15,000
8,000
5,000
7,000
47,865
140,865
18 %
(18)
18
30
20
$
$
$
$
2010 Change
2009
2009
14,651
15,585
8,664
2,902
3,637
4,199
4,147
53,785
$
5,291
7,062
5,826
1,821
913
1,352
765
23,030
$
3,852
911
40
1,083
571
783
881
8,121
$
40,000
28,000
15,000
8,000
6,500
6,500
53,590
157,590
$
19
7
1
27
18
24
$
$
$
$
%
15,672
16,805
9,997
2,855
3,721
3,685
1,896
54,631
(7) %
(7)
(13)
2
(2)
14
119
(2)
6,831
8,555
7,318
1,767
1,114
1,033
1,120
27,738
(23)
(17)
(20)
3
(18)
31
(32)
(17)
3,077
489
(1,219)
706
687
576
546
4,862
25
86
NM
53
(17)
36
61
67
33,000
25,000
15,000
8,000
5,000
7,000
45,691
138,691
21
12
30
(7)
17
14
19 %
4
(16)
18
28
17
Corporate/Private Equity includes an adjustment to offset IB's inclusion of the credit reimbursement from TSS in total net revenue; TSS reports the reimbursement to IB as a separate line on its income statement (not part of total revenue).
Equity for a line of business represents the amount the Firm believes the business would require if it were operating independently, incorporating sufficient capital to address economic risk measures, regulatory capital requirements and
capital levels for similarly rated peers. Capital is also allocated to each line of business for, among other things, goodwill and other intangibles associated with acquisitions effected by the line of business. Return on common equity is
measured and internal targets for expected returns are established as a key measure of a business segment’s performance. Effective January 1, 2010, the Firm enhanced its line of business equity framework to better align equity
assigned to each line of business with the changes anticipated to occur in that line of business, as well as changes in the competitive and regulatory landscape. The lines of business are now capitalized based on the Tier 1 common
standard, rather than the Tier 1 capital standard.
Page 8

10. JPMORGAN CHASE & CO.
INVESTMENT BANK
FINANCIAL HIGHLIGHTS
(in millions, except ratio data)
QUARTERLY TRENDS
2Q10
INCOME STATEMENT
REVENUE
Investment banking fees
Principal transactions
Lending- and deposit-related fees
Asset management, administration and commissions
All other income (a)
Noninterest revenue
Net interest income
TOTAL NET REVENUE (b)
$
Provision for credit losses
1Q10
1,405
2,105
203
633
86
4,432
1,900
6,332
$
(325)
4Q09
1,446
3,931
202
563
49
6,191
2,128
8,319
$
(462)
YEAR-TO-DATE
3Q09
1,892
84
174
608
(14)
2,744
2,185
4,929
$
(181)
2Q10 Change
1Q10
2Q09
2Q09
1,658
2,714
185
633
63
5,253
2,255
7,508
$
2,239
1,841
167
717
(108)
4,856
2,445
7,301
379
(3) %
(46)
12
76
(28)
(11)
(24)
871
2010
(37) %
14
22
(12)
NM
(9)
(22)
(13)
30
$
NM
2010 Change
2009
2009
2,851
6,036
405
1,196
135
10,623
4,028
14,651
$
(787)
3,619
5,356
305
1,409
(164)
10,525
5,147
15,672
(21) %
13
33
(15)
NM
1
(22)
(7)
2,081
NM
NONINTEREST EXPENSE
Compensation expense
Noncompensation expense
TOTAL NONINTEREST EXPENSE
2,923
1,599
4,522
2,928
1,910
4,838
549
1,737
2,286
2,778
1,496
4,274
2,677
1,390
4,067
(16)
(7)
9
15
11
5,851
3,509
9,360
6,007
2,834
8,841
(3)
24
6
Income before income tax expense
Income tax expense
NET INCOME
2,135
754
1,381
3,943
1,472
2,471
2,824
923
1,901
2,855
934
1,921
2,363
892
1,471
(46)
(49)
(44)
(10)
(15)
(6)
6,078
2,226
3,852
4,750
1,673
3,077
28
33
25
$
FINANCIAL RATIOS
ROE
ROA
Overhead ratio
Compensation expense as a percent of total net revenue (c)
REVENUE BY BUSINESS
Investment banking fees:
Advisory
Equity underwriting
Debt underwriting
Total investment banking fees
Fixed income markets
Equity markets
Credit portfolio (a)
Total net revenue
REVENUE BY REGION (a)
Americas
Europe/Middle East/Africa
Asia/Pacific
Total net revenue
(a)
(b)
(c)
14
0.78
71
37
$
$
$
$
$
%
25
1.48
58
35
355
354
696
1,405
3,563
1,038
326
6,332
$
3,935
1,537
860
6,332
$
$
$
$
%
23
1.12
46
11
305
413
728
1,446
5,464
1,462
(53)
8,319
$
4,562
2,814
943
8,319
$
$
$
$
%
23
1.12
57
37
611
549
732
1,892
2,735
971
(669)
4,929
$
2,872
1,502
555
4,929
$
$
$
$
%
18
0.83
56
37
384
681
593
1,658
5,011
941
(102)
7,508
$
3,850
2,912
746
7,508
$
$
$
$
%
19
1.12
64
36
393
1,103
743
2,239
4,929
708
(575)
7,301
16
(14)
(4)
(3)
(35)
(29)
NM
(24)
(10)
(68)
(6)
(37)
(28)
47
NM
(13)
$
4,118
2,303
880
7,301
(14)
(45)
(9)
(24)
(4)
(33)
(2)
(13)
$
$
$
$
%
19
0.86
56
38
660
767
1,424
2,851
9,027
2,500
273
14,651
$
8,497
4,351
1,803
14,651
$
$
$
%
872
1,411
1,336
3,619
9,818
2,481
(246)
15,672
(24)
(46)
7
(21)
(8)
1
NM
(7)
8,434
5,376
1,862
15,672
1
(19)
(3)
(7)
Treasury & Securities Services ("TSS") was charged a credit reimbursement related to certain exposures managed within the Investment Bank (“IB”) credit portfolio on behalf of clients shared with TSS. IB recognizes this credit
reimbursement in its credit portfolio business in all other income.
Total net revenue included tax-equivalent adjustments, predominantly due to income tax credits related to affordable housing and alternative energy investments, as well as tax-exempt income from municipal bond investments of $401
million, $403 million, $357 million, $371 million and $334 million for the quarters ended June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively, and $804 million and $699 million for yearto-date 2010 and 2009, respectively.
The second quarter and year-to-date of 2010 excludes a payroll tax expense related to the United Kingdom Bonus Payroll Tax on certain performance bonuses awarded between December 9, 2009, and April 5, 2010, to employees
operating in the U.K.
Page 9

11. JPMORGAN CHASE & CO.
INVESTMENT BANK
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except headcount and ratio data)
QUARTERLY TRENDS
2Q10
SELECTED BALANCE SHEET DATA (Period-end)
Loans (a):
Loans retained (b)
Loans held-for-sale & loans at fair value
Total loans
Equity
SELECTED BALANCE SHEET DATA (Average)
Total assets
Trading assets - debt and equity instruments
Trading assets - derivative receivables
Loans (a):
Loans retained (b)
Loans held-for-sale & loans at fair value
Total loans
Adjusted assets (c)
Equity
Derivative receivables
Assets acquired in loan satisfactions
Total nonperforming assets
Allowance for credit losses:
Allowance for loan losses
Allowance for lending-related commitments
Total allowance for credit losses
Net charge-off rate (b)(e)
Allow. for loan losses to period-end loans retained (b)(e)
Allow. for loan losses to average loans retained (b)(e)
Allow. for loan losses to nonperforming loans retained (b)(d)(e)
Nonperforming loans to total period-end loans
Nonperforming loans to total average loans
(a)
(b)
(c)
(d)
(e)
4Q09
3Q09
2Q09
$
54,049
3,221
57,270
40,000
$
53,010
3,594
56,604
40,000
$
45,544
3,567
49,111
33,000
$
55,703
4,582
60,285
33,000
$
64,500
6,814
71,314
33,000
$
710,005
296,031
65,847
$
676,122
284,085
66,151
$
674,241
285,363
72,640
$
678,796
270,695
86,651
$
710,825
265,336
100,536
2 %
(10)
1
-
2010
2010 Change
2009
2009
(16) %
(53)
(20)
21
$
54,049
3,221
57,270
40,000
$
64,500
6,814
71,314
33,000
(16) %
(53)
(20)
21
5
4
-
12
(35)
$
693,157
290,091
65,998
$
721,934
269,146
112,711
(4)
8
(41)
53,351
3,530
56,881
527,520
40,000
$
58,501
3,150
61,651
506,635
40,000
51,573
4,158
55,731
519,403
33,000
61,269
4,981
66,250
515,718
33,000
68,224
8,934
77,158
531,632
33,000
(9)
12
(8)
4
-
(22)
(60)
(26)
(1)
21
55,912
3,341
59,253
517,135
40,000
69,128
10,658
79,786
560,239
33,000
(19)
(69)
(26)
(8)
21
26,279
Headcount
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs
Nonperforming assets:
Nonperforming loans:
Nonperforming loans retained (b)(d)
Nonperforming loans held-for-sale and loans
at fair value
Total nonperforming loans
1Q10
YEAR-TO-DATE
2Q10 Change
1Q10
2Q09
24,977
24,654
24,828
25,783
5
2
26,279
25,783
2
433
(96)
(94)
469
55
28
$
697
$
685
$
750
$
$
725
$
1,926
2,459
3,196
4,782
3,407
(22)
(43)
1,926
3,407
(43)
334
2,260
282
2,741
308
3,504
128
4,910
112
3,519
18
(18)
198
(36)
334
2,260
112
3,519
198
(36)
315
151
2,726
363
185
3,289
529
203
4,236
624
248
5,782
704
311
4,534
(13)
(18)
(17)
(55)
(51)
(40)
315
151
2,726
704
311
4,534
(55)
(51)
(40)
2,149
564
2,713
2,601
482
3,083
3,756
485
4,241
4,703
401
5,104
5,101
351
5,452
(17)
17
(12)
(58)
61
(50)
2,149
564
2,713
5,101
351
5,452
(58)
61
(50)
0.21
3.98
4.03
112
3.95
3.97
%
4.83
4.91
4.45
106
4.84
4.45
%
5.27
8.25
7.28
118
7.13
6.29
%
4.86
8.44
7.68
98
8.14
7.41
%
2.55
7.91
7.48
150
4.93
4.56
%
2.61
3.98
3.84
112
3.95
3.81
%
1.37
7.91
7.38
150
4.93
4.41
%
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. For further details regarding the Firm’s application and impact of the
new guidance, see footnote (a) on page 3.
Loans retained included credit portfolio loans, leveraged leases and other accrual loans, and excluded loans held-for-sale and loans accounted for at fair value.
Adjusted assets, a non-GAAP financial measure, is presented to assist the reader in comparing IB’s asset and capital levels to other investment banks in the securities industry. For further discussion of adjusted assets, see page 42.
Allowance for loan losses of $617 million, $811 million, $1.3 billion, $1.8 billion and $1.6 billion were held against these non-performing loans at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30,
2009, respectively.
Loans held-for-sale and loans at fair value were excluded when calculating the allowance coverage and net charge-off rate.
Page 10

12. JPMORGAN CHASE & CO.
INVESTMENT BANK
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio and rankings data)
QUARTERLY TRENDS
2Q10
MARKET RISK - AVERAGE TRADING AND CREDIT
PORTFOLIO VAR - 95% CONFIDENCE LEVEL
Trading activities:
Fixed income
Foreign exchange
Equities
Commodities and other
Diversification (a)
Total trading VaR (b)
Credit portfolio VaR (c)
Diversification (a)
Total trading and credit portfolio VaR
MARKET SHARES AND RANKINGS (d)
Global Investment Banking Fees (e)
Global debt, equity and equity-related
Global syndicated loans
Global long-term debt (f)
Global equity and equity-related (g)
Global announced M&A (h)
U.S. debt, equity and equity-related
U.S. syndicated loans
U.S. long-term debt (f)
U.S. equity and equity-related
U.S. announced M&A (h)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
$
$
1Q10
64
10
20
20
(42)
72
27
(9)
90
$
$
4Q09
69
13
24
15
(49)
72
19
(9)
82
June 30, 2010 YTD
Market
Share
Rankings
8%
#1
7%
#1
10%
#1
7%
#2
8%
#1
14%
#4
12%
#1
21%
#2
11%
#2
16%
#1
22%
#3
$
$
121
14
21
17
(62)
111
24
(11)
124
YEAR-TO-DATE
3Q09
$
$
182
19
19
23
(97)
146
29
(32)
143
2Q09
$
$
179
16
50
22
(97)
170
68
(60)
178
2Q10 Change
1Q10
2Q09
(7) %
(23)
(17)
33
14
42
10
(64) %
(38)
(60)
(9)
57
(58)
(60)
85
(49)
2010
$
$
2009
66
12
22
18
(46)
72
23
(9)
86
$
$
168
19
73
21
(101)
180
77
(62)
195
2010 Change
2009
(61) %
(37)
(70)
(14)
54
(60)
(70)
85
(56)
Full Year 2009
Market
Share
Rankings
9%
#1
9%
#1
8%
#1
8%
#1
12%
#1
24%
#3
15%
#1
22%
#1
14%
#1
16%
#2
36%
#2
Average VaRs were less than the sum of the VaRs of their market risk components, which was due to risk offsets resulting from portfolio diversification. The diversification effect reflected the fact that the risks were not perfectly correlated.
The risk of a portfolio of positions is usually less than the sum of the risks of the positions themselves.
IB Trading VaR includes predominantly all trading activities in IB, as well as syndicated lending facilities that the Firm intends to distribute; however, particular risk parameters of certain products are not fully captured, such as correlation risk.
IB Trading VaR does not include the debit valuation adjustments ("DVA") taken on derivative and structured liabilities to reflect the credit quality of the Firm.
Credit portfolio VaR includes the derivative credit valuation adjustments (“CVA”), hedges of the CVA and mark-to-market (“MTM”) hedges of the retained loan portfolio, which are all reported in principal transactions revenue. This VaR does
not include the retained loan portfolio.
Source: Dealogic. Global Investment Banking fees reflects the ranking of fees and market share. The remaining rankings reflect transaction volume and market share.
Global IB fees exclude money market, short term debt and shelf deals.
Long-term debt tables include investment-grade, high-yield, supranationals, sovereigns, agencies, covered bonds, asset-backed securities and mortgage-backed securities, and excludes money market, short-term debt, and U.S.municipal
securities.
Equity and equity-related rankings include rights offerings and Chinese A-Shares.
Global announced M&A is based upon transaction value at announcement; all other rankings are based upon transaction proceeds, with full credit to each book manager/equal if joint. Because of joint assignments, market share of all
participants will add up to more than 100%. M&A for year-to-date 2010 and full-year 2009 reflects the removal of any withdrawn transactions. U.S. announced M&A represents any U.S. involvement ranking.
Page 11

13. JPMORGAN CHASE & CO.
RETAIL FINANCIAL SERVICES
FINANCIAL HIGHLIGHTS
(in millions, except ratio and headcount data)
QUARTERLY TRENDS
2Q10
INCOME STATEMENT
REVENUE
Lending- and deposit-related fees
Asset management, administration and commissions
Mortgage fees and related income
Credit card income
Other income
Noninterest revenue
Net interest income
TOTAL NET REVENUE
$
1Q10
780
433
886
480
413
2,992
4,817
7,809
$
4Q09
841
452
655
450
354
2,752
5,024
7,776
$
YEAR-TO-DATE
3Q09
972
406
481
441
299
2,599
5,070
7,669
$
2Q10 Change
1Q10
2Q09
2Q09
1,046
408
873
416
321
3,064
5,154
8,218
$
1,003
425
807
411
294
2,940
5,030
7,970
(7) %
(4)
35
7
17
9
(4)
-
2010
(22) %
2
10
17
40
2
(4)
(2)
$
2010 Change
2009
2009
1,621
885
1,541
930
767
5,744
9,841
15,585
$
1,951
860
2,440
778
508
6,537
10,268
16,805
(17) %
3
(37)
20
51
(12)
(4)
(7)
Provision for credit losses
1,715
3,733
4,229
3,988
3,846
(54)
(55)
5,448
7,723
(29)
NONINTEREST EXPENSE
Compensation expense
Noncompensation expense
Amortization of intangibles
TOTAL NONINTEREST EXPENSE
1,842
2,369
70
4,281
1,770
2,402
70
4,242
1,722
2,499
81
4,302
1,728
2,385
83
4,196
1,631
2,365
83
4,079
4
(1)
1
13
(16)
5
3,612
4,771
140
8,523
3,262
4,822
166
8,250
11
(1)
(16)
3
Income/(loss) before income tax expense (benefit)
Income tax expense/(benefit)
NET INCOME/(LOSS)
1,813
771
1,042
34
27
7
45
30
15
NM
NM
NM
NM
NM
NM
1,614
703
911
832
343
489
$
FINANCIAL RATIOS
ROE
Overhead ratio
Overhead ratio excluding core deposit intangibles (a)
SELECTED BALANCE SHEET DATA (Period-end)
Assets
Loans:
Loans retained
Loans held-for-sale and loans at fair value (b)
Total loans
Deposits
Equity
SELECTED BALANCE SHEET DATA (Average)
Assets
Loans:
Loans retained
Loans held-for-sale and loans at fair value (b)
Total loans
Deposits
Equity
Headcount
(a)
(b)
15
55
54
$
375,329
$
%
(199)
(68)
(131)
$
(2) %
55
54
$
382,475
(862)
(463)
(399)
$
(6) %
56
55
$
387,269
-
$
%
-
51
50
$
397,673
$
%
7
55
54
51
50
$
$
375,329
$
%
4
49
48
$
94
105
86
%
399,916
(2)
(6)
399,916
(6)
330,329
12,599
342,928
359,974
28,000
339,002
11,296
350,298
362,470
28,000
340,332
14,612
354,944
357,463
25,000
346,765
14,303
361,068
361,046
25,000
353,934
13,192
367,126
371,241
25,000
(3)
12
(2)
(1)
-
(7)
(4)
(7)
(3)
12
330,329
12,599
342,928
359,974
28,000
353,934
13,192
367,126
371,241
25,000
(7)
(4)
(7)
(3)
12
381,906
393,867
395,045
401,620
410,228
(3)
(7)
387,854
416,813
(7)
335,308
14,426
349,734
362,010
28,000
342,997
17,055
360,052
356,934
28,000
343,411
17,670
361,081
356,464
25,000
349,762
19,025
368,787
366,944
25,000
359,372
19,043
378,415
377,259
25,000
(2)
(15)
(3)
1
-
(7)
(24)
(8)
(4)
12
339,131
15,734
354,865
359,486
28,000
363,127
17,792
380,919
373,788
25,000
(7)
(12)
(7)
(4)
12
116,879
112,616
108,971
106,951
103,733
4
13
116,879
103,733
13
Retail Financial Services uses the overhead ratio (excluding the amortization of core deposit intangibles ("CDI")), a non-GAAP financial measure, to evaluate the underlying expense trends of the business. Including CDI amortization
expense in the overhead ratio calculation would result in a higher overhead ratio in the earlier years and a lower overhead ratio in later years. This method would therefore result in an improving overhead ratio over time, all things remaining
equal. The non-GAAP ratio excludes Retail Banking's CDI amortization expense related to prior business combination transactions of $69 million, $70 million, $80 million, $83 million and $82 million for the quarters ended June 30, 2010,
March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively, and $139 million and $165 million for year-to-date 2010 and 2009, respectively.
Loans at fair value consist of prime mortgages originated with the intent to sell that are accounted for at fair value and classified as trading assets on the Consolidated Balance Sheets. These loans totaled $12.2 billion, $8.4 billion, $12.5
billion, $12.8 billion and $11.3 billion at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively. Average balances of these loans totaled $12.5 billion, $14.2 billion, $16.0 billion, $17.7
billion and $16.2 billion for the quarters ended June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively, and $13.3 billion and $14.9 billion for year-to-date 2010 and 2009, respectively.
Page 12

14. JPMORGAN CHASE & CO.
RETAIL FINANCIAL SERVICES
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data)
QUARTERLY TRENDS
2Q10
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs
Nonperforming loans:
Nonperforming loans retained
Nonperforming loans held-for-sale and loans
at fair value
Total nonperforming loans (a) (b) (c)
Nonperforming assets (a) (b) (c)
Allowance for loan losses
Net charge-off rate (d)
Net charge-off rate excluding purchased credit-impaired
loans (d) (e)
Allowance for loan losses to ending loans retained (d)
Allowance for loan losses to ending loans retained
excluding purchased credit-impaired loans (d) (e)
Allowance for loan losses to nonperforming loans
retained (a) (d) (e)
Nonperforming loans to total loans
Nonperforming loans to total loans excluding purchased
credit-impaired loans (a)
(a)
(b)
(c)
(d)
(e)
$
1Q10
1,761
$
4Q09
2,438
$
YEAR-TO-DATE
3Q09
2,738
$
2Q10 Change
1Q10
2Q09
2Q09
2,550
$
2,649
(28) %
2010
(34) %
$
2010 Change
2009
2009
4,199
$
4,825
(13) %
10,457
10,769
10,611
10,091
8,792
(3)
19
10,457
8,792
19
176
10,633
11,907
16,152
217
10,986
12,191
16,200
234
10,845
12,098
14,776
242
10,333
11,883
13,286
203
8,995
10,554
11,832
(19)
(3)
(2)
-
(13)
18
13
37
176
10,633
11,907
16,152
203
8,995
10,554
11,832
(13)
18
13
37
2.11
%
2.88
%
3.16
%
2.89
%
2.96
%
2.50
%
2.68
2.75
4.89
3.76
4.78
4.16
4.34
3.81
3.83
3.89
3.34
3.26
4.89
3.53
3.34
5.26
5.16
5.09
4.63
4.41
5.26
4.41
128
3.10
124
3.14
124
3.06
121
2.86
135
2.45
128
3.10
135
2.45
4.00
4.05
3.96
3.72
3.19
4.00
%
3.19
Excludes purchased credit-impaired loans that were acquired as part of the Washington Mutual transaction. These loans are accounted for on a pool basis and the pools are considered to be performing.
Certain of these loans are classified as trading assets on the Consolidated Balance Sheets.
Nonperforming loans and assets exclude: (1) nonaccruing mortgage loans insured by U.S. government agencies of $10.1 billion, $10.5 billion, $9.0 billion, $7.0 billion and $4.2 billion at June 30, 2010, March 31, 2010, December 31, 2009,
September 30, 2009 and June 30, 2009, respectively; (2) real estate owned insured by U.S. government agencies of $1.4 billion, $707 million, $579 million, $579 million and $508 million at June 30, 2010, March 31, 2010, December 31, 2009,
September 30, 2009 and June 30, 2009, respectively; and (3) student loans that are 90 days past due and still accruing, which are insured by U.S. government agencies under the Federal Family Education Loan Program, of $447 million,
$581 million, $542 million, $511 million and $473 million at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively. These amounts are excluded as reimbursement is proceeding normally.
Loans held-for-sale and loans accounted for at fair value were excluded when calculating the allowance coverage ratio and the net charge-off rate.
Excludes the impact of purchased credit-impaired loans that were acquired as part of the Washington Mutual transaction. These loans were accounted for at fair value on the acquisition date, which incorporated management's estimate, as of
that date, of credit losses over the remaining life of the portfolio. An allowance for loan losses of $2.8 billion, $2.8 billion, $1.6 billion and $1.1 billion was recorded for these loans at June 30, 2010, March 31, 2010, December 31, 2009 and
September 30, 2009, respectively, which has also been excluded from applicable ratios. No allowance for loan losses was recorded at June 30, 2009. To date, no charge-offs have been recorded for these loans.
Page 13

15. JPMORGAN CHASE & CO.
RETAIL FINANCIAL SERVICES
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data and where otherwise noted)
QUARTERLY TRENDS
2Q10
RETAIL BANKING
Noninterest revenue
Net interest income
Total net revenue
Provision for credit losses
Noninterest expense
Income before income tax expense
Net income
$
$
Overhead ratio
Overhead ratio excluding core deposit intangibles (a)
BUSINESS METRICS (in billions)
Business banking origination volume
End-of-period loans owned
End-of-period deposits:
Checking
Savings
Time and other
Total end-of-period deposits
Average loans owned
Average deposits:
Checking
Savings
Time and other
Total average deposits
Deposit margin
Average assets
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs
Net charge-off rate
Nonperforming assets
1Q10
1,684
2,712
4,396
168
2,633
1,595
914
60
58
$
$
$
%
1.2
16.6
4Q09
1,702
2,635
4,337
191
2,577
1,569
898
59
58
$
$
$
%
0.9
16.8
3Q09
1,804
2,716
4,520
248
2,574
1,698
1,027
57
55
$
YEAR-TO-DATE
$
$
%
0.7
17.0
2Q09
1,844
2,732
4,576
208
2,646
1,722
1,043
58
56
$
2Q10 Change
1Q10
2Q09
$
$
%
0.5
17.4
1,803
2,719
4,522
361
2,557
1,604
970
57
55
$
(1) %
3
1
(12)
2
2
2
2010
(7) %
(3)
(53)
3
(1)
(6)
$
$
%
3,386
5,347
8,733
359
5,210
3,164
1,812
60
58
0.6
17.8
33
(1)
100
(7)
$
2010 Change
2009
2009
$
$
%
2.1
16.6
3,521
5,333
8,854
686
5,137
3,031
1,833
58
56
$
(4) %
(1)
(48)
1
4
(1)
%
1.1
17.8
91
(7)
123.5
161.8
50.5
335.8
16.7
123.8
163.4
53.2
340.4
16.9
121.9
153.4
58.0
333.3
17.2
115.5
151.6
66.6
333.7
17.7
114.1
150.4
78.9
343.4
18.0
(1)
(5)
(1)
(1)
8
8
(36)
(2)
(7)
123.5
161.8
50.5
335.8
16.8
114.1
150.4
78.9
343.4
18.2
8
8
(36)
(2)
(8)
$
114.0
151.2
74.4
339.6
2.99
28.1
$
114.2
151.2
82.7
348.1
2.92
29.1
(2)
(2)
$
121.7
160.7
53.5
335.9
3.03
28.7
$
111.8
149.6
85.6
347.0
2.89
29.6
9
7
(38)
(3)
$
116.4
153.1
60.3
329.8
3.06
28.2
8
8
(38)
(3)
$
119.7
158.6
55.6
333.9
3.02
28.9
3
3
(8)
1
$
123.6
162.8
51.4
337.8
3.05
28.4
168
4.04
920
$
248
5.72
839
$
208
4.66
816
$
211
4.70
686
(20)
$
191
4.58
872
(12)
$
6
34
$
359
4.31
920
$
386
4.28
686
%
%
%
%
%
%
%
%
%
%
%
%
%
(3)
(7)
%
34
RETAIL BRANCH BUSINESS METRICS
Investment sales volume
5,756
5,956
5,851
6,243
5,292
(3)
9
11,712
9,690
21
Number of:
Branches
ATMs
Personal bankers
Sales specialists
Active online customers (in thousands)
Checking accounts (in thousands)
5,159
15,654
20,170
6,785
16,584
26,351
5,155
15,549
19,003
6,315
16,208
25,830
5,154
15,406
17,991
5,912
15,424
25,712
5,126
15,038
16,941
5,530
13,852
25,546
5,203
14,144
15,959
5,485
13,930
25,252
1
6
7
2
2
(1)
11
26
24
19
4
5,159
15,654
20,170
6,785
16,584
26,351
5,203
14,144
15,959
5,485
13,930
25,252
(1)
11
26
24
19
4
(a)
Retail Banking uses the overhead ratio (excluding the amortization of CDI), a non-GAAP financial measure, to evaluate the underlying expense trends of the business. Including CDI amortization expense in the overhead ratio calculation
would result in a higher overhead ratio in the earlier years and a lower overhead ratio in later years. This method would therefore result in an improving overhead ratio over time, all things remaining equal. The non-GAAP ratio excludes
Retail Banking's CDI amortization expense related to prior business combination transactions of $69 million, $70 million, $80 million, $83 million and $82 million for the quarters ended June 30, 2010, March 31, 2010, December 31, 2009,
September 30, 2009 and June 30, 2009, respectively, and $139 million and $165 million for year-to-date 2010 and 2009, respectively.
Page 14

16. JPMORGAN CHASE & CO.
RETAIL FINANCIAL SERVICES
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data and where otherwise noted)
QUARTERLY TRENDS
2Q10
MORTGAGE BANKING & OTHER CONSUMER LENDING
Noninterest revenue (a)
Net interest income
Total net revenue
Provision for credit losses
Noninterest expense
Income before income tax expense
Net income (a)
$
$
Overhead ratio
BUSINESS METRICS (in billions)
End-of-period loans owned:
Auto loans
Mortgage (b)
Student loans and other
Total end-of-period loans owned
Average loans owned:
Auto loans
Mortgage (b)
Student loans and other
Total average loans owned (c)
1Q10
1,256
792
2,048
175
1,243
630
364
61
$
$
$
%
47.5
13.2
15.1
75.8
4Q09
1,018
893
1,911
217
1,246
448
257
65
$
$
$
%
47.4
13.7
17.4
78.5
3Q09
801
802
1,603
242
1,163
198
266
73
$
YEAR-TO-DATE
$
$
%
46.0
11.9
15.8
73.7
2Q09
1,201
834
2,035
222
1,139
674
412
56
$
2Q10 Change
1Q10
2Q09
$
$
%
44.3
10.1
15.6
70.0
1,134
721
1,855
366
1,105
384
235
60
$
23 %
(11)
7
(19)
41
42
2010
11 %
10
10
(52)
12
64
55
$
$
%
2,274
1,685
3,959
392
2,489
1,078
621
63
42.9
8.9
15.7
67.5
(4)
(13)
(3)
11
48
(4)
12
$
2010 Change
2009
2009
$
$
%
47.5
13.2
15.1
75.8
3,055
1,529
4,584
771
2,242
1,571
965
49
$
(26) %
10
(14)
(49)
11
(31)
(36)
%
42.9
8.9
15.7
67.5
11
48
(4)
12
47.5
13.6
16.7
77.8
46.9
12.5
18.4
77.8
45.3
10.6
15.6
71.5
43.3
8.9
15.3
67.5
43.1
8.4
16.8
68.3
1
9
(9)
-
10
62
(1)
14
47.2
13.0
17.6
77.8
42.8
8.0
17.2
68.0
10
63
2
14
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs:
Auto loans
Mortgage
Student loans and other
Total net charge-offs
58
13
150
221
102
6
64
172
148
92
240
159
7
60
226
146
2
101
249
(43)
117
134
28
(60)
NM
49
(11)
160
19
214
393
320
7
135
462
(50)
171
59
(15)
Net charge-off rate:
Auto loans
Mortgage
Student loans and other
Total net charge-off rate (c)
0.49
0.39
4.04
1.17
30+ day delinquency rate (d) (e)
Nonperforming assets (f)
(a)
(b)
(c)
(d)
(e)
(f)
$
1.42
866
%
0.88
0.20
1.64
0.93
$
1.47
1,006
%
1.30
2.59
1.36
$
1.75
912
%
1.46
0.32
1.66
1.35
$
1.76
872
%
1.36
0.10
2.79
1.52
$
1.80
783
%
0.68
0.30
2.84
1.05
(14)
11
$
1.42
866
%
1.51
0.19
1.84
1.43
$
%
1.80
783
11
Losses related to the repurchase of previously-sold loans are recorded as a reduction of production revenue. These losses totaled $667 million, $432 million, $672 million, $465 million and $255 million for the quarters ended June 30, 2010,
March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively, and $1.1 billion and $475 million for year-to-date 2010 and 2009, respectively. The losses resulted in a negative impact on net income of $388 million,
$252 million, $413 million, $286 million and $157 million for the quarters ended June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively, and $640 million and $292 million for year-to-date 2010
and 2009, respectively.
Predominantly represents prime loans repurchased from Government National Mortgage Association (“Ginnie Mae”) pools, which are insured by U.S. government agencies.
Total average loans owned includes loans held-for-sale of $1.9 billion, $2.9 billion, $1.7 billion, $1.3 billion and $2.8 billion for the quarters ended June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009,
respectively, and $2.6 billion and $2.9 billion for year-to-date 2010 and 2009, respectively. These amounts are excluded when calculating the net charge-off rate.
Excludes mortgage loans that are insured by U.S. government agencies of $10.9 billion, $11.2 billion, $9.7 billion, $7.7 billion and $5.1 billion at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009,
respectively. These amounts are excluded as reimbursement is proceeding normally.
Excludes loans that are 30 days past due and still accruing, which are insured by U.S. government agencies under the Federal Family Education Loan Program, of $988 million, $965 million, $942 million, $903 million and $854 million at June
30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively. These amounts are excluded as reimbursement is proceeding normally.
Nonperforming loans and assets exclude: (1) nonaccruing mortgage loans insured by U.S. government agencies of $10.1 billion, $10.5 billion, $9.0 billion, $7.0 billion and $4.2 billion at June 30, 2010, March 31, 2010, December 31, 2009,
September 30, 2009 and June 30, 2009, respectively; (2) real estate owned insured by U.S. government agencies of $1.4 billion, $707 million, $579 million, $579 million and $508 million at June 30, 2010, March 31, 2010, December 31, 2009,
September 30, 2009 and June 30, 2009, respectively; and (3) student loans that are 90 days past due and still accruing, which are insured by U.S. government agencies under the Federal Family Education Loan Program, of $447 million, $581
million, $542 million, $511 million and $473 million at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively. These amounts are excluded as reimbursement is proceeding normally.
Page 15

17. JPMORGAN CHASE & CO.
RETAIL FINANCIAL SERVICES
FINANCIAL HIGHLIGHTS, CONTINUED
(in billions, except ratio data and where otherwise noted)
QUARTERLY TRENDS
2Q10
MORTGAGE BANKING & OTHER CONSUMER
LENDING (continued)
Origination volume:
Mortgage origination volume by channel
Retail
Wholesale (a)
Correspondent (a)
CNT (negotiated transactions)
Total mortgage origination volume
Student loans
Auto
$
Application volume:
Mortgage application volume by channel
Retail
Wholesale (a)
Correspondent (a)
Total mortgage application volume
Ratio of annualized loan servicing revenue to third-party
mortgage loans serviced (average)
MSR revenue multiple (c)
(a)
(b)
(c)
15.3
0.4
14.7
1.8
32.2
0.1
5.8
$
4Q09
11.4
0.4
16.0
3.9
31.7
1.6
6.3
$
3Q09
12.3
0.6
20.0
1.9
34.8
0.6
5.9
$
2Q09
13.3
0.7
21.1
2.0
37.1
1.5
6.9
$
2010
14.7
0.7
21.9
3.8
41.1
0.4
5.3
34 %
(8)
(54)
2
(94)
(8)
4 %
(43)
(33)
(53)
(22)
(75)
9
$
2010 Change
2009
2009
26.7
0.8
30.7
5.7
63.9
1.7
12.1
$
28.3
2.3
39.9
8.3
78.8
2.1
10.9
(6) %
(65)
(23)
(31)
(19)
(19)
11
27.8
0.6
23.5
51.9
20.3
0.8
18.2
39.3
17.4
0.7
25.3
43.4
17.8
1.1
26.6
45.5
23.0
1.3
29.7
54.0
37
(25)
29
32
21
(54)
(21)
(4)
48.1
1.4
41.7
91.2
55.7
3.1
58.9
117.7
(14)
(55)
(29)
(23)
12.6
123.2
1,055.2
1,063.7
11.8
Average mortgage loans held-for-sale and loans
at fair value (b)
Average assets
Third-party mortgage loans serviced (ending)
Third-party mortgage loans serviced (average)
MSR net carrying value (ending)
Ratio of MSR net carrying value (ending) to third-party
mortgage loans serviced (ending)
SUPPLEMENTAL MORTGAGE FEES AND
RELATED INCOME DETAILS (in millions)
Production revenue
Net mortgage servicing revenue:
Operating revenue:
Loan servicing revenue
Other changes in MSR asset fair value
Total operating revenue
Risk management:
Changes in MSR asset fair value due to inputs or
assumptions in model
Derivative valuation adjustments and other
Total risk management
Total net mortgage servicing revenue
Mortgage fees and related income
1Q10
YEAR-TO-DATE
2Q10 Change
1Q10
2Q09
14.5
124.8
1,075.0
1,076.4
15.5
16.2
119.5
1,082.1
1,088.8
15.5
18.0
115.2
1,098.9
1,104.4
13.6
16.7
111.6
1,117.5
1,128.1
14.6
(13)
(1)
(2)
(1)
(24)
(25)
10
(6)
(6)
(19)
13.5
124.0
1,055.2
1,070.1
11.8
15.3
112.5
1,117.5
1,141.6
14.6
(12)
10
(6)
(6)
(19)
1.12
$
%
9
1.44
$
%
1
1.43
$
%
(192)
1.24
$
%
(70)
1.31
$
%
1.12
284
NM
(97)
$
%
10
1.31
$
%
765
(99)
1,186
(620)
566
$
1,107
(605)
502
1,221
(657)
564
1,220
(712)
508
1,279
(837)
442
7
(2)
13
(7)
26
28
2,293
(1,225)
1,068
2,501
(1,910)
591
(8)
36
81
(3,584)
3,895
311
877
886
(96)
248
152
654
655
1,762
(1,653)
109
673
481
(1,099)
1,534
435
943
873
3,831
(3,750)
81
523
807
NM
NM
105
34
35
NM
NM
284
68
10
(3,680)
4,143
463
1,531
1,541
5,141
(4,057)
1,084
1,675
2,440
NM
NM
(57)
(9)
(37)
0.45
2.49x
$
%
0.42
3.43x
$
%
0.44
3.25x
$
%
0.44
2.82x
$
%
0.45
2.91x
%
$
0.43
2.60x
$
%
0.44
2.98x
%
Includes rural housing loans sourced through brokers and correspondents, which are underwritten under U.S. Department of Agriculture guidelines. Prior period amounts have been revised to conform with the current period presentation.
Loans at fair value consist of prime mortgages originated with the intent to sell that are accounted for at fair value and classified as trading assets on the Consolidated Balance Sheets. Average balances of these loans totaled $12.5
billion, $14.2 billion, $16.0 billion, $17.7 billion and $16.2 billion for the quarters ended June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively, and $13.3 billion and $14.9 billion for
year-to-date 2010 and 2009, respectively.
Represents the ratio of MSR net carrying value (ending) to third-party mortgage loans serviced (ending) divided by the ratio of annualized loan servicing revenue to third-party mortgage loans serviced (average).
Page 16

18. JPMORGAN CHASE & CO.
RETAIL FINANCIAL SERVICES
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data and where otherwise noted)
QUARTERLY TRENDS
2Q10
REAL ESTATE PORTFOLIOS
Noninterest revenue
Net interest income
Total net revenue
Provision for credit losses
Noninterest expense
Income/(loss) before income tax expense/(benefit)
Net income/(loss)
$
$
Overhead ratio
BUSINESS METRICS (in billions)
LOANS EXCLUDING PURCHASED CREDIT-IMPAIRED
LOANS (a)
End-of-period loans owned:
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Other
Total end-of-period loans owned
Average loans owned:
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Other
Total average loans owned
PURCHASED CREDIT-IMPAIRED LOANS (a)
End-of-period loans owned:
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Total end-of-period loans owned
Average loans owned:
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Total average loans owned
TOTAL REAL ESTATE PORTFOLIOS
End-of-period loans owned:
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Other
Total end-of-period loans owned
Average loans owned:
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Other
Total average loans owned
Average assets
Home equity origination volume
(a)
1Q10
52
1,313
1,365
1,372
405
(412)
(236)
30
$
94.8
44.6
12.6
8.5
1.0
161.5
$
$
%
4Q09
32
1,496
1,528
3,325
419
(2,216)
(1,286)
27
$
97.7
46.8
13.2
8.6
1.0
167.3
$
$
%
3Q09
(6)
1,552
1,546
3,739
565
(2,758)
(1,692)
37
$
YEAR-TO-DATE
101.4
47.5
12.5
8.5
0.7
170.6
$
$
%
2Q09
19
1,588
1,607
3,558
411
(2,362)
(1,448)
26
$
2Q10 Change
1Q10
2Q09
104.8
50.0
13.3
8.9
0.7
177.7
$
$
%
3
1,590
1,593
3,119
417
(1,943)
(1,190)
26
$
63 %
(12)
(11)
(59)
(3)
81
82
NM %
(17)
(14)
(56)
(3)
79
80
2010
$
$
%
84
2,809
2,893
4,697
824
(2,628)
(1,522)
28
108.2
53.2
13.8
9.0
0.9
185.1
(3)
(5)
(5)
(1)
(3)
(12)
(16)
(9)
(6)
11
(13)
$
2010 Change
2009
2009
94.8
44.6
12.6
8.5
1.0
161.5
$
$
%
(39)
3,406
3,367
6,266
871
(3,770)
(2,309)
26
$
NM %
(18)
(14)
(25)
(5)
30
34
%
108.2
53.2
13.8
9.0
0.9
185.1
(12)
(16)
(9)
(6)
11
(13)
96.3
45.7
13.1
8.6
1.0
164.7
99.5
47.9
13.8
8.7
1.1
171.0
103.3
48.8
12.8
8.7
0.7
174.3
106.6
51.7
13.6
8.9
0.8
181.6
110.1
54.9
14.3
9.1
0.9
189.3
(3)
(5)
(5)
(1)
(9)
(4)
(13)
(17)
(8)
(5)
11
(13)
97.9
46.8
13.4
8.7
1.0
167.8
111.7
56.4
14.6
9.0
0.9
192.6
(12)
(17)
(8)
(3)
11
(13)
25.5
18.5
5.6
27.3
76.9
26.0
19.2
5.8
28.3
79.3
26.5
19.7
6.0
29.0
81.2
27.1
20.2
6.1
29.8
83.2
27.7
20.8
6.4
30.5
85.4
(2)
(4)
(3)
(4)
(3)
(8)
(11)
(13)
(10)
(10)
25.5
18.5
5.6
27.3
76.9
27.7
20.8
6.4
30.5
85.4
(8)
(11)
(13)
(10)
(10)
25.7
18.8
5.8
27.7
78.0
26.2
19.5
5.9
28.6
80.2
26.7
20.0
6.1
29.3
82.1
27.4
20.5
6.2
30.2
84.3
28.0
21.0
6.5
31.0
86.5
(2)
(4)
(2)
(3)
(3)
(8)
(10)
(11)
(11)
(10)
26.0
19.1
5.8
28.2
79.1
28.2
21.3
6.6
31.2
87.3
(8)
(10)
(12)
(10)
(9)
120.3
63.1
18.2
35.8
1.0
238.4
123.7
66.0
19.0
36.9
1.0
246.6
127.9
67.2
18.5
37.5
0.7
251.8
131.9
70.2
19.4
38.7
0.7
260.9
135.9
74.0
20.2
39.5
0.9
270.5
(3)
(4)
(4)
(3)
(3)
(11)
(15)
(10)
(9)
11
(12)
120.3
63.1
18.2
35.8
1.0
238.4
135.9
74.0
20.2
39.5
0.9
270.5
(11)
(15)
(10)
(9)
11
(12)
122.0
64.5
18.9
36.3
1.0
242.7
230.3
0.3
125.7
67.4
19.7
37.3
1.1
251.2
240.2
0.3
130.0
68.8
18.9
38.0
0.7
256.4
247.3
0.4
134.0
72.2
19.8
39.1
0.8
265.9
258.3
0.5
138.1
75.9
20.8
40.1
0.9
275.8
269.5
0.6
(3)
(4)
(4)
(3)
(9)
(3)
(4)
-
(12)
(15)
(9)
(9)
11
(12)
(15)
(50)
123.9
65.9
19.2
36.9
1.0
246.9
235.2
0.6
139.9
77.7
21.2
40.2
0.9
279.9
274.7
1.5
(11)
(15)
(9)
(8)
11
(12)
(14)
(60)
Purchased credit-impaired loans represent loans acquired in the Washington Mutual transaction for which a deterioration in credit quality occurred between the origination date and JPMorgan Chase’s acquisition date. These loans were
initially recorded at fair value and accrete interest income over the estimated lives of the loans as long as cash flows are reasonably estimable, even if the underlying loans are contractually past due.
Page 17

19. JPMORGAN CHASE & CO.
RETAIL FINANCIAL SERVICES
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data)
QUARTERLY TRENDS
2Q10
REAL ESTATE PORTFOLIOS (continued)
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs excluding purchased credit-impaired
loans (a)
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Other
Total net charge-offs
Net charge-off rate excluding purchased credit-impaired
loans (a)
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Other
Total net charge-off rate excluding purchased
credit-impaired loans
Net charge-off rate - reported
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Other
Total net charge-off rate - reported
30+ day delinquency rate excluding purchased
credit-impaired loans (b)
Allowance for loan losses
Nonperforming assets (c)
Allowance for loan losses to ending loans retained
Allowance for loan losses to ending loans retained
excluding purchased credit-impaired loans (a)
(a)
(b)
(c)
$
1Q10
796
251
282
22
21
1,372
3.32
2.20
8.63
1.03
8.42
$
%
4Q09
1,126
453
457
23
16
2,075
4.59
3.84
13.43
1.07
5.90
$
%
3Q09
1,177
568
452
29
24
2,250
4.52
4.62
14.01
1.32
13.60
YEAR-TO-DATE
$
%
2Q09
1,142
518
422
15
19
2,116
4.25
3.98
12.31
0.67
9.42
2Q10 Change
1Q10
2Q09
$
%
1,265
479
410
15
20
2,189
4.61
3.50
11.50
0.66
8.91
(29) %
(45)
(38)
(4)
31
(34)
2010
(37) %
(48)
(31)
47
5
(37)
$
%
1,922
704
739
45
37
3,447
3.96
3.03
11.12
1.04
7.46
$
%
2,363
786
774
19
35
3,977
4.27
2.81
10.69
0.43
7.84
3.34
4.92
5.12
4.62
4.64
4.14
3.63
2.73
9.41
0.25
5.90
3.35
3.59
3.28
9.49
0.30
13.60
3.48
3.38
2.85
8.46
0.15
9.42
3.16
3.67
2.53
7.91
0.15
8.91
3.18
3.13
2.15
7.76
0.25
7.46
2.82
(19) %
(10)
(5)
137
6
(13)
%
4.16
2.62
1.56
5.98
0.24
8.42
2.27
$
2010 Change
2009
2009
3.41
2.04
7.36
0.10
7.84
2.87
6.88
14,127
10,121
5.93
7.01
$
%
7.28
14,127
10,313
5.73
6.76
$
%
7.73
12,752
10,347
5.06
6.55
$
%
7.46
11,261
10,196
4.32
5.72
$
%
6.46
9,821
9,085
3.63
5.31
(2)
%
44
11
$
6.88
14,127
10,121
5.93
7.01
$
%
6.46
9,821
9,085
3.63
44
11
%
5.31
Excludes the impact of purchased credit-impaired loans that were acquired as part of the Washington Mutual transaction. These loans were accounted for at fair value on the acquisition date, which incorporated management's estimate, as
of that date, of credit losses over the remaining life of the portfolio. An allowance for loan losses of $2.8 billion, $2.8 billion, $1.6 billion and $1.1 billion was recorded for these loans at June 30, 2010, March 31, 2010, December 31, 2009
and September 30, 2009, respectively, which has also been excluded from the applicable ratios. No allowance for loan losses was recorded at June 30, 2009. To date, no charge-offs have been recorded for these loans.
The delinquency rate for purchased credit-impaired loans was 27.91%, 28.49%, 27.79%, 25.56% and 23.37% at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively.
Excludes purchased credit-impaired loans that were acquired as part of the Washington Mutual transaction. These loans are accounted for on a pool basis, and the pools are considered to be performing.
Page 18

20. JPMORGAN CHASE & CO.
CARD SERVICES - MANAGED BASIS
FINANCIAL HIGHLIGHTS
(in millions, except ratio data and where otherwise noted)
QUARTERLY TRENDS
2Q10
INCOME STATEMENT (a)
REVENUE
Credit card income
All other income
Noninterest revenue
Net interest income
TOTAL NET REVENUE
$
1Q10
908
(47)
861
3,356
4,217
$
4Q09
813
(55)
758
3,689
4,447
$
YEAR-TO-DATE
3Q09
931
(46)
885
4,263
5,148
$
916
(85)
831
4,328
5,159
2Q09
$
921
(364)
557
4,311
4,868
2Q10 Change
1Q10
2Q09
12 %
15
14
(9)
(5)
2010
(1) %
87
55
(22)
(13)
$
2010 Change
2009
2009
1,721
(102)
1,619
7,045
8,664
$
1,765
(561)
1,204
8,793
9,997
(2) %
82
34
(20)
(13)
Provision for credit losses
2,221
3,512
4,239
4,967
4,603
(37)
(52)
5,733
9,256
(38)
NONINTEREST EXPENSE
Compensation expense
Noncompensation expense
Amortization of intangibles
TOTAL NONINTEREST EXPENSE
327
986
123
1,436
330
949
123
1,402
336
938
122
1,396
354
829
123
1,306
329
873
131
1,333
(1)
4
2
(1)
13
(6)
8
657
1,935
246
2,838
686
1,723
270
2,679
(4)
12
(9)
6
$
(1,068)
(396)
(672)
NM
NM
NM
NM
NM
NM
93
53
40
$
(1,938)
(719)
(1,219)
NM
NM
NM
$
(268)
NM
NM
N/A
$
(448)
NM
Income/(loss) before income tax expense/(benefit)
Income tax expense/(benefit)
NET INCOME/(LOSS)
$
Memo: Net securitization income/(loss)
Merchant acquiring business
Bank card volume (in billions)
Total transactions (in billions)
(a)
(b)
(c)
9
34
%
(467)
(164)
(303)
N/A
$
N/A
FINANCIAL RATIOS (a)
ROE
Overhead ratio
Percentage of average outstandings:
Net interest income
Provision for credit losses
Noninterest revenue
Risk adjusted margin (b)
Noninterest expense
Pretax income/(loss) (ROO) (c)
Net income/(loss)
BUSINESS METRICS
Sales volume (in billions)
New accounts opened (in millions)
Open accounts (in millions)
560
217
343
$
(487)
(181)
(306)
$
(1,114)
(414)
(700)
$
17
$
(43)
(8) %
32
9.20
6.09
2.36
5.47
3.94
1.54
0.94
(8) %
27
9.60
9.14
1.97
2.43
3.65
(1.22)
(0.79)
(19) %
25
10.36
10.30
2.15
2.21
3.39
(1.18)
(0.74)
$
(18) %
27
10.15
11.65
1.95
0.45
3.06
(2.61)
(1.64)
1
33
9.93
10.60
1.28
0.61
3.07
(2.46)
(1.55)
%
(16) %
27
9.41
7.66
2.16
3.91
3.79
0.12
0.05
9.92
10.44
1.36
0.84
3.02
(2.19)
(1.38)
$
78.1
2.7
88.9
$
69.4
2.5
88.9
$
78.8
3.2
93.3
$
74.7
2.4
93.6
$
74.0
2.4
100.3
13
8
-
6
13
(11)
$
147.5
5.2
88.9
$
140.6
4.6
100.3
5
13
(11)
$
117.1
5.0
$
108.0
4.7
$
110.4
4.9
$
103.5
4.5
$
101.4
4.5
8
6
15
11
$
225.1
9.7
$
195.8
8.6
15
13
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. For further details regarding the Firm’s application and impact of the new
guidance, see footnote (a) on page 3.
Represents total net revenue less provision for credit losses.
Pretax return on average managed outstandings.
N/A: Not applicable.
Page 19

21. JPMORGAN CHASE & CO.
CARD SERVICES - MANAGED BASIS
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except headcount and ratio data)
QUARTERLY TRENDS
2Q10
SELECTED BALANCE SHEET DATA (Period-end)
Loans:
Loans on balance sheets
Securitized loans (a)
Total loans
$
Equity
1Q10
142,994
N/A
142,994
$
4Q09
149,260
N/A
149,260
$
YEAR-TO-DATE
3Q09
78,786
84,626
163,412
$
2Q10 Change
1Q10
2Q09
2Q09
78,215
87,028
165,243
$
2010
85,736
85,790
171,526
(4) %
NM
(4)
67 %
NM
(17)
$
2010 Change
2009
2009
142,994
N/A
142,994
$
85,736
85,790
171,526
67 %
NM
(17)
15,000
15,000
15,000
15,000
15,000
-
-
15,000
15,000
-
146,816
156,968
184,535
192,141
193,310
(6)
(24)
151,864
197,234
(23)
146,302
N/A
146,302
155,790
N/A
155,790
77,759
85,452
163,211
83,146
86,017
169,163
89,692
84,417
174,109
(6)
NM
(6)
63
NM
(16)
151,020
N/A
151,020
93,715
85,015
178,730
61
NM
(16)
Equity
15,000
15,000
15,000
15,000
15,000
-
-
15,000
15,000
-
Headcount
21,529
22,478
22,676
22,850
22,897
(4)
(6)
21,529
22,897
(6)
(18)
(15)
SELECTED BALANCE SHEET DATA (Average)
Managed assets
Loans:
Loans on balance sheets
Securitized loans (a)
Total average loans
CREDIT QUALITY STATISTICS (a)
Net charge-offs
Net charge-off rate (b)
$
Delinquency rates
30+ day (b)
90+ day (b)
Allowance for loan losses (c)
Allowance for loan losses to period-end loans (c) (d)
KEY STATS - WASHINGTON MUTUAL ONLY
Loans
Average loans
Net interest income (e)
Risk adjusted margin (e) (f)
Net charge-off rate (g)
30+ day delinquency rate (g)
90+ day delinquency rate (g)
KEY STATS - EXCLUDING WASHINGTON MUTUAL
Loans
Average loans
Net interest income (e)
Risk adjusted margin (e) (f)
Net charge-off rate
30+ day delinquency rate
90+ day delinquency rate
(a)
(b)
(c)
(d)
(e)
(f)
(g)
3,721
10.20
4.96
2.76
$
$
$
14,524
10.16
15,615
16,455
14.97
15.43
19.53
8.86
5.17
127,379
129,847
8.47
4.21
9.02
4.48
2.47
$
%
%
5.62
3.15
$
%
$
%
$
%
4,512
11.75
16,032
10.74
17,204
18,607
15.06
2.47
24.14
10.49
6.32
132,056
137,183
8.86
2.43
10.54
4.99
2.74
$
%
%
6.28
3.59
$
%
$
%
$
%
3,839
9.33
9,672
12.28
$
%
%
5.99
2.76
$
%
19,653
$
20,377
17.12 %
(0.66)
20.49
12.72
7.76
143,759
142,834
9.40
2.62
8.64
5.52
3.13
$
%
4,392
10.30
9,297
11.89
$
%
%
5.86
3.25
$
%
21,163
$
22,287
17.04 %
(4.45)
21.94
12.44
6.21
144,080
146,876
9.10
1.19
9.41
5.38
2.48
$
%
4,353
10.03
8,839
10.31
%
(9)
(9)
(12)
(4)
(5)
%
8,233
10.99
4.96
2.76
64
$
%
23,093
24,418
17.90 %
(3.89)
19.17
11.98
6.85
148,433
149,691
8.63
1.34
8.97
5.27
2.90
$
%
(32)
(33)
(14)
(13)
$
$
14,524
10.16
15,615
17,525
15.02
8.59
21.97
8.86
5.17
127,379
133,495
8.67
3.30
9.80
4.48
2.47
$
%
%
5.86
3.25
$
%
$
%
$
%
7,846
8.85
8,839
10.31
23,093
25,990
17.14
0.49
16.75
11.98
6.85
148,433
152,740
8.69
0.89
7.90
5.27
2.90
5
%
%
64
%
(32)
(33)
%
(14)
(13)
%
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. As a result of the consolidation of the credit card securitization trusts, reported
and managed basis relating to credit card securitizations are equivalent for periods beginning after January 1, 2010. For further details regarding the Firm’s application and impact of the new guidance, see footnote (a) on page 3.
Results reflect the impact of purchase accounting adjustments related to the Washington Mutual transaction and the consolidation of the Washington Mutual Master Trust. Net charge-off rate is not impacted in the quarter ended June 30, 2010.
Delinquency rates for June 30, 2010 and March 31, 2010 are not impacted.
Based on loans on the Consolidated Balance Sheets.
Includes $1.0 billion, $3.0 billion and $5.0 billion of loans at December 31, 2009, September 30, 2009 and June 30, 2009, respectively, held by the Washington Mutual Master Trust, which were consolidated onto the Card Services balance sheet
at fair value during the second quarter of 2009. No allowance for loan losses was recorded for these loans as of December 31, 2009, September 30, 2009 and June 30, 2009. Excluding these loans, the allowance for loan losses to period-end
loans would have been 12.43%, 12.36% and 10.95%, respectively.
As a percentage of average managed outstandings.
Represents total net revenue less provision for credit losses.
Excludes the impact of purchase accounting adjustments related to the Washington Mutual transaction and the consolidation of the Washington Mutual Master Trust. Net charge-off rate is not impacted in the quarter ended June 30, 2010.
Delinquency rates for June 30, 2010 and March 31, 2010 are not impacted.
N/A: Not applicable.
Page 20

22. JPMORGAN CHASE & CO.
CARD RECONCILIATION OF REPORTED AND MANAGED DATA
(in millions, except ratio data)
QUARTERLY TRENDS
2Q10
INCOME STATEMENT DATA
Credit card income
Reported
Securitization adjustments (a)
Managed credit card income
Net interest income
Reported
Securitization adjustments (a)
Managed net interest income
Total net revenue
Reported
Securitization adjustments (a)
Managed total net revenue
Provision for credit losses
Reported
Securitization adjustments (a)
Managed provision for credit losses
$
$
$
$
$
$
$
$
BALANCE SHEETS - AVERAGE BALANCES
Total average assets
Reported
Securitization adjustments (a)
Managed average assets
$
CREDIT QUALITY STATISTICS
Net charge-offs
Reported
Securitization adjustments (a)
Managed net charge-offs
$
Net charge-off rates
Reported
Securitized (a)
Managed net charge-off rate
(a)
$
$
1Q10
908
N/A
908
$
3,356
N/A
3,356
$
4,217
N/A
4,217
$
2,221
N/A
2,221
$
146,816
N/A
146,816
$
3,721
N/A
3,721
$
10.20
N/A
10.20
$
$
$
$
$
$
%
4Q09
813
N/A
813
$
3,689
N/A
3,689
$
4,447
N/A
4,447
$
3,512
N/A
3,512
$
156,968
N/A
156,968
$
4,512
N/A
4,512
$
11.75
N/A
11.75
$
$
$
$
$
$
%
3Q09
1,306
(375)
931
$
2,271
1,992
4,263
$
3,531
1,617
5,148
$
2,622
1,617
4,239
$
102,748
81,787
184,535
$
2,222
1,617
3,839
$
11.34
7.51
9.33
YEAR-TO-DATE
$
$
$
$
$
$
%
2Q09
1,201
(285)
916
$
2,345
1,983
4,328
$
3,461
1,698
5,159
$
3,269
1,698
4,967
$
109,362
82,779
192,141
$
2,694
1,698
4,392
$
12.85
7.83
10.30
2Q10 Change
1Q10
2Q09
$
$
$
$
$
$
%
2010
1,215
(294)
921
12 %
NM
12
(25) %
NM
(1)
$
2,353
1,958
4,311
(9)
NM
(9)
43
NM
(22)
$
3,204
1,664
4,868
(5)
NM
(5)
32
NM
(13)
$
2,939
1,664
4,603
(37)
NM
(37)
(24)
NM
(52)
$
111,722
81,588
193,310
(6)
NM
(6)
31
NM
(24)
$
2,689
1,664
4,353
(18)
NM
(18)
38
NM
(15)
$
12.03
7.91
10.03
%
$
$
$
$
$
$
1,721
N/A
1,721
$
7,045
N/A
7,045
$
8,664
N/A
8,664
$
5,733
N/A
5,733
$
151,864
N/A
151,864
$
8,233
N/A
8,233
$
10.99
N/A
10.99
2010 Change
2009
2009
$
$
$
$
$
$
%
2,599
(834)
1,765
(34) %
NM
(2)
4,831
3,962
8,793
46
NM
(20)
6,869
3,128
9,997
26
NM
(13)
6,128
3,128
9,256
(6)
NM
(38)
115,052
82,182
197,234
32
NM
(23)
4,718
3,128
7,846
75
NM
5
10.15
7.42
8.85
%
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. As a result of the consolidation of the credit card securitization trusts,
reported and managed basis relating to credit card securitizations are equivalent for periods beginning after January 1, 2010. For further details regarding the Firm’s application and impact of the new guidance, see footnote (a) on page 3.
N/A: Not applicable.
Page 21

23. JPMORGAN CHASE & CO.
COMMERCIAL BANKING
FINANCIAL HIGHLIGHTS
(in millions, except ratio data)
QUARTERLY TRENDS
2Q10
INCOME STATEMENT
REVENUE
Lending- and deposit-related fees
Asset management, administration and commissions
All other income (a)
Noninterest revenue
Net interest income
TOTAL NET REVENUE (b)
$
Provision for credit losses
1Q10
280
36
230
546
940
1,486
$
4Q09
277
37
186
500
916
1,416
$
YEAR-TO-DATE
3Q09
279
35
149
463
943
1,406
$
2Q10 Change
1Q10
2Q09
2Q09
269
35
170
474
985
1,459
$
270
36
152
458
995
1,453
2010
1 %
(3)
24
9
3
5
4 %
51
19
(6)
2
(235)
214
494
355
312
NM
NM
NONINTEREST EXPENSE
Compensation expense
Noncompensation expense
Amortization of intangibles
TOTAL NONINTEREST EXPENSE
196
337
9
542
206
324
9
539
183
351
9
543
196
339
10
545
197
327
11
535
(5)
4
1
(1)
3
(18)
1
Income before income tax expense
Income tax expense
NET INCOME
1,179
486
693
663
273
390
369
145
224
559
218
341
606
238
368
78
78
78
95
104
88
(1)
4
10
280
5
$
Revenue by product:
Lending
Treasury services
Investment banking
Other
Total Commercial Banking revenue
IB revenue, gross (c)
Revenue by client segment:
Middle Market Banking
Commercial Term Lending
Mid-Corporate Banking
Real Estate Banking
Other
Total Commercial Banking revenue
FINANCIAL RATIOS
ROE
Overhead ratio
(a)
(b)
(c)
$
$
$
$
$
649
665
115
57
1,486
$
$
$
$
$
$
658
638
105
15
1,416
333
$
767
237
285
125
72
1,486
$
35
36
$
%
$
$
$
639
645
108
14
1,406
311
$
746
229
263
100
78
1,416
$
20
38
$
%
$
$
$
675
672
99
13
1,459
$
684
679
114
(24)
1,453
328
$
301
$
328
760
191
277
100
78
1,406
$
771
232
278
121
57
1,459
$
772
224
305
120
32
1,453
11
39
$
%
17
37
$
%
18
37
7
3
3
8
25
(8)
5
%
557
73
416
1,046
1,856
2,902
$
(21)
533
70
277
880
1,975
2,855
5 %
4
50
19
(6)
2
$
$
2
605
NM
402
661
18
1,081
(5)
(2)
1
NM
2
(1)
6
(7)
4
125
2
2010 Change
2009
2009
397
669
22
1,088
1
(1)
(18)
(1)
1,842
759
1,083
1,162
456
706
59
66
53
(3)
(2)
18
NM
2
21
$
$
$
1,307
1,303
220
72
2,902
$
1,349
1,325
187
(6)
2,855
$
644
$
534
$
1,513
466
548
225
150
2,902
$
1,524
452
547
240
92
2,855
$
27
37
$
%
18
38
(1)
3
(6)
63
2
%
Revenue from investment banking products sold to Commercial Banking ("CB") clients and commercial card revenue is included in all other income.
Total net revenue included tax-equivalent adjustments from income tax credits related to equity investments in designated community development entities that provide loans to qualified businesses in low-income communities as well as taxexempt income from municipal bond activity of $49 million, $45 million, $53 million, $43 million and $39 million for quarters ended June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively,
and $94 million and $74 million for year-to-date 2010 and 2009, respectively.
Represents the total revenue related to investment banking products sold to CB clients.
Page 22

24. JPMORGAN CHASE & CO.
COMMERCIAL BANKING
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio and headcount data)
QUARTERLY TRENDS
2Q10
SELECTED BALANCE SHEET DATA (Period-end)
Loans:
Loans retained
Loans held-for-sale and loans at fair value
Total loans
Equity
SELECTED BALANCE SHEET DATA (Average)
Total assets
Loans:
Loans retained
Loans held-for-sale and loans at fair value
Total loans
Liability balances (a)
Equity
Average loans by client segment:
Middle Market Banking
Commercial Term Lending
Mid-Corporate Banking
Real Estate Banking
Other
Total Commercial Banking loans
Net charge-off rate
Allowance for loan losses to period-end loans retained
Allowance for loan losses to average loans retained
Allowance for loan losses to nonperforming loans retained
Nonperforming loans to total period-end loans
Nonperforming loans to total average loans
(a)
(b)
4Q09
3Q09
2Q09
2010
$
95,090
446
95,536
8,000
$
95,435
294
95,729
8,000
$
97,108
324
97,432
8,000
$
101,608
288
101,896
8,000
$
105,556
296
105,852
8,000
- %
52
-
$
133,309
$
133,013
$
129,948
$
130,316
$
137,283
-
(3)
108,750
288
109,038
105,829
8,000
(1)
32
(1)
3
-
(12)
36
(12)
29
-
38,193
36,963
17,012
12,347
4,523
109,038
1
(3)
(6)
(3)
(1)
(10)
(3)
(30)
(21)
(15)
(12)
2
14
181
(23)
(3)
95,521
391
95,912
136,770
8,000
$
$
Headcount
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs
Nonperforming loans:
Nonperforming loans retained (b)
Nonperforming loans held-for-sale and loans at fair value
Total nonperforming loans
Nonperforming assets
Allowance for credit losses:
Allowance for loan losses
Allowance for lending-related commitments
Total allowance for credit losses
1Q10
YEAR-TO-DATE
2Q10 Change
1Q10
2Q09
96,317
297
96,614
133,142
8,000
34,424
35,956
11,875
9,814
3,843
95,912
$
$
4,808
$
99,794
386
100,180
122,471
8,000
33,919
36,057
12,258
10,438
3,942
96,614
$
$
4,701
176
$
103,752
297
104,049
109,293
8,000
34,794
36,507
13,510
11,133
4,236
100,180
$
$
4,151
229
$
36,200
36,943
14,933
11,547
4,426
104,049
$
$
4,177
483
$
4,228
291
$
(10) %
51
(10)
-
2010 Change
2009
2009
$
95,090
446
95,536
8,000
$
105,556
296
105,852
8,000
$
133,162
$
140,771
(5)
111,146
292
111,438
110,377
8,000
(14)
18
(14)
22
-
39,453
36,889
17,710
12,803
4,583
111,438
(13)
(2)
(32)
(21)
(15)
(14)
95,917
344
96,261
134,966
8,000
$
$
34,173
36,006
12,065
10,124
3,893
96,261
$
$
4,808
$
(10) %
51
(10)
-
4,228
405
$
14
315
29
3,036
41
3,077
3,285
2,947
49
2,996
3,186
2,764
37
2,801
2,989
2,284
18
2,302
2,461
2,090
21
2,111
2,255
3
(16)
3
3
45
95
46
46
3,036
41
3,077
3,285
2,090
21
2,111
2,255
45
95
46
46
2,686
267
2,953
3,007
359
3,366
3,025
349
3,374
3,063
300
3,363
3,034
272
3,306
(11)
(26)
(12)
(11)
(2)
(11)
2,686
267
2,953
3,034
272
3,306
(11)
(2)
(11)
0.74
2.82
2.81
88
3.22
3.21
%
0.96
3.15
3.12
102
3.13
3.10
%
1.92
3.12
3.03
109
2.87
2.80
%
1.11
3.01
2.95
134
2.26
2.21
%
0.67
2.87
2.79
145
1.99
1.94
%
0.85
2.82
2.80
88
3.22
3.20
%
0.57
2.87
2.73
145
1.99
1.89
%
Liability balances include deposits, as well as deposits that are swept to on—balance sheet liabilities (e.g., commercial paper, federal funds purchased, time deposits and securities loaned or sold under repurchase agreements) as part of
customer cash management programs.
Allowance for loan losses of $586 million, $612 million, $581 million, $496 million and $460 million were held against nonperforming loans retained at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30,
2009, respectively.
Page 23

25. JPMORGAN CHASE & CO.
TREASURY & SECURITIES SERVICES
FINANCIAL HIGHLIGHTS
(in millions, except headcount and ratio data)
QUARTERLY TRENDS
2Q10
INCOME STATEMENT
REVENUE
Lending- and deposit-related fees
Asset management, administration and commissions
All other income
Noninterest revenue
Net interest income
TOTAL NET REVENUE
$
Provision for credit losses
Credit reimbursement to IB (a)
1Q10
313
705
209
1,227
654
1,881
$
(16)
(30)
4Q09
311
659
176
1,146
610
1,756
$
(39)
(30)
YEAR-TO-DATE
3Q09
330
675
212
1,217
618
1,835
$
53
(30)
2Q10 Change
1Q10
2Q09
2Q09
316
620
201
1,137
651
1,788
$
13
(31)
314
710
221
1,245
655
1,900
1
7
19
7
7
7
(5)
(30)
%
2010
- %
(1)
(5)
(1)
(1)
1,354
1,334
36
2,724
1,247
1,321
39
2,607
9
1
(8)
4
908
337
571
1,065
378
687
(15)
(11)
(17)
1,865
1,856
3,721
(3)
(1)
(2)
629
633
18
1,280
618
650
20
1,288
Income before income tax expense
Income tax expense
NET INCOME
468
176
292
440
161
279
361
124
237
464
162
302
587
208
379
6
9
5
(20)
(15)
(23)
934
966
1,900
5
9
7
(1)
(1)
(1)
REVENUE BY BUSINESS
Treasury Services
Worldwide Securities Services
TOTAL NET REVENUE
$
$
FINANCIAL RATIOS
ROE
Overhead ratio
Pretax margin ratio (b)
SELECTED BALANCE SHEET DATA (Period-end)
Loans (c)
Equity
SELECTED BALANCE SHEET DATA (Average)
Total assets
Loans (c)
Liability balances (d)
Equity
Headcount
(a)
(b)
(c)
(d)
926
955
1,881
18
74
25
$
$
%
882
874
1,756
17
75
25
$
$
%
$
918
917
1,835
19
76
20
$
$
%
$
919
869
1,788
24
72
26
$
$
%
30
68
31
(2) %
2
(8)
(1)
(5)
(2)
13
5
(10)
9
668
704
19
1,391
(55)
(60)
639
1,336
418
2,393
1,328
3,721
6
5
6
657
650
18
1,325
$
$
(220)
-
697
684
18
1,399
$
624
1,364
385
2,373
1,264
3,637
59
-
NONINTEREST EXPENSE
Compensation expense
Noncompensation expense
Amortization of intangibles
TOTAL NONINTEREST EXPENSE
$
$
2010 Change
2009
2009
$
$
$
%
(11)
(60)
$
1,808
1,829
3,637
18
75
25
$
$
%
28
70
29
(400)
-
%
$
24,513
6,500
$
24,066
6,500
$
18,972
5,000
$
19,693
5,000
$
17,929
5,000
2
-
37
30
$
24,513
6,500
$
17,929
5,000
37
30
$
42,868
22,137
246,690
6,500
$
38,273
19,578
247,905
6,500
$
36,589
18,888
250,695
5,000
$
33,117
17,062
231,502
5,000
$
35,520
17,524
234,163
5,000
12
13
-
21
26
5
30
$
40,583
20,865
247,294
6,500
$
37,092
18,825
255,208
5,000
9
11
(3)
30
27,252
3
3
27,252
3
27,943
27,223
26,609
26,389
27,943
IB credit portfolio group manages certain exposures on behalf of clients shared with TSS. TSS reimburses IB for a portion of the total cost of managing the credit portfolio. IB recognizes this credit reimbursement as a component of
noninterest revenue.
Pretax margin represents income before income tax expense divided by total net revenue, which is a measure of pretax performance and another basis by which management evaluates its performance and that of its competitors.
Loan balances include wholesale overdrafts, commercial card and trade finance loans.
Liability balances include deposits, as well as deposits that are swept to on—balance sheet liabilities (e.g., commercial paper, federal funds purchased, time deposits and securities loaned or sold under repurchase agreements) as part of
customer cash management programs.
Page 24

26. JPMORGAN CHASE & CO.
TREASURY & SECURITIES SERVICES
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data and where otherwise noted)
TSS firmwide metrics include revenue recorded in the CB, Retail Banking and Asset Management ("AM") lines of business and excludes FX revenue recorded in the IB for TSS-related FX activity. In order to capture the firmwide impact of
Treasury Services ("TS") and TSS products and revenue, management reviews firmwide metrics such as liability balances, revenue and overhead ratios in assessing financial performance for TSS. Firmwide metrics are necessary in order to
understand the aggregate TSS business.
QUARTERLY TRENDS
2Q10
TSS FIRMWIDE DISCLOSURES
TS revenue - reported
TS revenue reported in CB
TS revenue reported in other lines of business
TS firmwide revenue (a)
Worldwide Securities Services revenue
TSS firmwide revenue (a)
TS firmwide liability balances (average) (b)
TSS firmwide liability balances (average) (b)
$
$
$
TSS FIRMWIDE FINANCIAL RATIOS
TS firmwide overhead ratio (c)
TSS firmwide overhead ratio (c)
FIRMWIDE BUSINESS METRICS
Assets under custody (in billions)
Net charge-offs rate
Allowance for loan losses to period-end loans
Allowance for loan losses to average loans
Allowance for loan losses to nonperforming loans
Nonperforming loans to period-end loans
Nonperforming loans to average loans
(a)
(b)
(c)
(d)
(e)
926
665
62
1,653
955
2,608
$
303,224
383,460
$
54
64
$
Number of:
US$ ACH transactions originated (in millions)
Total US$ clearing volume (in thousands)
International electronic funds transfer volume
(in thousands) (d)
Wholesale check volume (in millions)
Wholesale cards issued (in thousands) (e)
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs
Nonperforming loans
Allowance for credit losses:
Allowance for loan losses
Allowance for lending-related commitments
Total allowance for credit losses
1Q10
$
%
14,857
4Q09
882
638
56
1,576
874
2,450
$
305,105
381,047
$
55
65
$
$
%
15,283
3Q09
918
645
57
1,620
917
2,537
$
289,024
373,166
$
54
66
$
YEAR-TO-DATE
$
%
14,885
2Q09
919
672
63
1,654
869
2,523
$
261,059
340,795
$
52
62
$
2Q10 Change
1Q10
2Q09
$
%
14,887
934
679
63
1,676
966
2,642
258,312
339,992
51
59
$
5
4
11
5
9
6
(1)
1
%
2010
(1) %
(2)
(2)
(1)
(1)
(1)
$
17
13
$
$
%
1,808
1,303
118
3,229
1,829
5,058
$
304,159
382,260
$
55
65
13,748
(3)
8
$
2010 Change
2009
2009
$
%
14,857
1,865
1,325
125
3,315
1,856
5,171
273,892
365,584
52
61
$
(3) %
(2)
(6)
(3)
(1)
(2)
11
5
%
13,748
8
970
30,531
975
29,493
965
28,604
978
28,193
2
6
(1)
8
1,919
59,200
1,956
55,379
(2)
7
58,484
526
28,066
$
949
28,669
55,754
478
27,352
53,354
514
27,138
48,533
530
26,977
47,096
572
25,501
5
10
3
24
(8)
10
114,238
1,004
28,066
91,461
1,140
25,501
25
(12)
10
19
14
NM
-
15
92
107
220
(26)
8
14
$
48
68
116
0.20
0.22
343
0.06
0.06
14
$
57
76
133
%
0.24
0.29
407
0.06
0.07
14
$
88
84
172
%
0.46
0.47
NM
0.07
0.07
14
$
%
0.08
0.09
107
0.07
0.08
%
-
NM
-
15
92
107
15
104
119
17
14
(16)
(11)
(13)
220
(26)
8
0.39
0.08
0.09
107
0.08
0.08
%
$
14
$
48
68
116
0.20
0.23
343
0.06
0.07
%
0.20
0.08
0.08
107
0.08
0.07
%
TSS firmwide revenue includes foreign exchange (“FX”) revenue recorded in TSS and FX revenue associated with TSS customers who are FX customers of IB. However, some of the FX revenue associated with TSS customers who are FX
customers of IB is not included in TS and TSS firmwide revenue. The total FX revenue generated was $175 million, $137 million, $162 million, $154 million and $191 million for the quarters ended June 30, 2010, March 31, 2010, December
31, 2009, September 30, 2009 and June 30, 2009, respectively, and $312 million and $345 million for year-to-date 2010 and 2009, respectively.
Firmwide liability balances include liability balances recorded in CB.
Overhead ratios have been calculated based on firmwide revenue and TSS and TS expense, respectively, including those allocated to certain other lines of business. FX revenue and expense recorded in IB for TSS-related FX activity are not
included in this ratio.
International electronic funds transfer includes non-U.S. dollar Automated Clearing House (“ACH”) and clearing volume.
Wholesale cards issued and outstanding include U.S. domestic commercial, stored value, prepaid and government electronic benefit card products.
Page 25

27. JPMORGAN CHASE & CO.
ASSET MANAGEMENT
FINANCIAL HIGHLIGHTS
(in millions, except ratio, ranking and headcount data)
QUARTERLY TRENDS
2Q10
INCOME STATEMENT
REVENUE
Asset management, administration and commissions
All other income
Noninterest revenue
Net interest income
TOTAL NET REVENUE
$
Provision for credit losses
1Q10
1,522
177
1,699
369
2,068
$
4Q09
1,508
266
1,774
357
2,131
$
YEAR-TO-DATE
3Q09
1,632
191
1,823
372
2,195
$
2Q10 Change
1Q10
2Q09
2Q09
1,443
238
1,681
404
2,085
$
1,315
253
1,568
414
1,982
2010
1 %
(33)
(4)
3
(3)
16 %
(30)
8
(11)
4
$
2010 Change
2009
2009
3,030
443
3,473
726
4,199
$
2,546
322
2,868
817
3,685
19 %
38
21
(11)
14
5
35
58
38
59
(86)
(92)
40
92
(57)
NONINTEREST EXPENSE
Compensation expense
Noncompensation expense
Amortization of intangibles
TOTAL NONINTEREST EXPENSE
861
527
17
1,405
910
514
18
1,442
907
543
20
1,470
858
474
19
1,351
810
525
19
1,354
(5)
3
(6)
(3)
6
(11)
4
1,771
1,041
35
2,847
1,610
1,004
38
2,652
10
4
(8)
7
Income before income tax expense
Income tax expense
NET INCOME
658
267
391
654
262
392
667
243
424
696
266
430
569
217
352
1
2
-
16
23
11
1,312
529
783
941
365
576
39
45
36
640
411
487
334
110
1,982
16
(23)
1
1
(3)
1,223
664
947
646
205
3,685
14
35
5
7
7
14
REVENUE BY CLIENT SEGMENT
Private Bank
Retail
Institutional
Private Wealth Management
JPMorgan Securities (a)
TOTAL NET REVENUE
$
$
$
FINANCIAL RATIOS
ROE
Overhead ratio
Pretax margin ratio (b)
SELECTED BALANCE SHEET DATA (Period-end)
Loans
Equity
SELECTED BALANCE SHEET DATA (Average)
Total assets
Loans
Deposits
Equity
Headcount
(a)
(b)
$
695
482
433
348
110
2,068
24
68
32
$
$
%
$
698
415
566
343
109
2,131
24
68
31
$
$
%
$
723
445
584
331
112
2,195
24
67
30
$
$
%
$
639
471
534
339
102
2,085
24
65
33
$
$
%
20
68
29
9
17
(11)
4
4
$
$
$
%
$
1,393
897
999
691
219
4,199
24
68
31
$
$
%
17
72
26
%
$
38,744
6,500
$
37,088
6,500
$
37,755
7,000
$
35,925
7,000
$
35,474
7,000
4
-
9
(7)
$
38,744
6,500
$
35,474
7,000
9
(7)
$
63,426
37,407
86,453
6,500
$
62,525
36,602
80,662
6,500
$
63,036
36,137
77,352
7,000
$
60,345
34,822
73,649
7,000
$
59,334
34,292
75,355
7,000
1
2
7
-
7
9
15
(7)
$
62,978
37,007
83,573
6,500
$
58,783
34,438
78,534
7,000
7
7
6
(7)
14,840
5
8
14,840
8
16,019
15,321
15,136
14,919
16,019
JPMorgan Securities was formerly known as Bear Stearns Private Client Services prior to January 1, 2010.
Pretax margin represents income before income tax expense divided by total net revenue, which is a measure of pretax performance and another basis by which management evaluates its performance and that of its competitors.
Page 26

28. JPMORGAN CHASE & CO.
ASSET MANAGEMENT
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio, ranking and headcount data)
QUARTERLY TRENDS
2Q10
BUSINESS METRICS
Number of:
Client advisors
Retirement planning services participants (in thousands)
JPMorgan Securities brokers (a)
% of customer assets in 4 & 5 Star Funds (b)
% of AUM in 1st and 2nd quartiles: (c)
1 year
3 years
5 years
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs
Nonperforming loans
Allowance for credit losses:
Allowance for loan losses
Allowance for lending-related commitments
Total allowance for credit losses
Net charge-off rate
Allowance for loan losses to period-end loans
Allowance for loan losses to average loans
Allowance for loan losses to nonperforming loans
Nonperforming loans to period-end loans
Nonperforming loans to average loans
(a)
(b)
(c)
1Q10
2,055
1,653
402
43
58
67
78
$
%
1,987
1,651
390
43
%
%
%
55
67
77
27
309
250
3
253
0.29
0.65
0.67
81
0.80
0.83
4Q09
$
%
261
13
274
0.31
0.70
0.71
55
1.28
1.30
3Q09
%
1,934
1,628
376
42
%
%
%
57
62
74
28
475
$
%
YEAR-TO-DATE
269
9
278
0.38
0.71
0.74
46
1.54
1.61
2Q09
%
1,891
1,620
365
39
%
%
%
60
70
74
35
580
$
%
2Q10 Change
1Q10
2Q09
%
1,838
1,595
362
45
%
%
%
62
69
80
17
409
251
5
256
0.19
0.70
0.72
61
1.14
1.17
$
%
2010
%
3 %
3
-
12 %
4
11
(4)
%
%
%
5
1
(6)
(3)
(3)
46
313
(4)
(35)
(41)
(1)
226
4
230
0.54
0.64
0.66
72
0.88
0.91
(4)
(77)
(8)
11
(25)
10
%
2,055
1,653
402
43
58
67
78
$
2010 Change
2009
2009
%
1,838
1,595
362
45
%
12 %
4
11
(4)
%
%
%
62
69
80
%
%
%
(6)
(3)
(3)
55
309
250
3
253
0.30
0.65
0.68
81
0.80
0.83
$
%
65
313
(15)
(1)
226
4
230
0.38
0.64
0.66
72
0.88
0.91
11
(25)
10
%
JPMorgan Securities was formerly known as Bear Stearns Private Client Services prior to January 1, 2010.
Derived from Morningstar for the United States, the United Kingdom, Luxembourg, France, Hong Kong and Taiwan; and Nomura for Japan.
Quartile ranking sourced from Lipper for the United States and Taiwan; Morningstar for the United Kingdom, Luxembourg, France and Hong Kong; and Nomura for Japan.
Page 27

29. JPMORGAN CHASE & CO.
ASSET MANAGEMENT
FINANCIAL HIGHLIGHTS, CONTINUED
(in billions)
ASSETS UNDER SUPERVISION (a)
Assets by asset class
Liquidity
Fixed income
Equities and multi-asset
Alternatives
TOTAL ASSETS UNDER MANAGEMENT
Custody / brokerage / administration / deposits
TOTAL ASSETS UNDER SUPERVISION
Assets by client segment
Institutional
Private Bank
Retail
Private Wealth Management
JPMorgan Securities (b)
TOTAL ASSETS UNDER MANAGEMENT
Institutional
Private Bank
Retail
Private Wealth Management
JPMorgan Securities (b)
TOTAL ASSETS UNDER SUPERVISION
Assets by geographic region
U.S. / Canada
International
TOTAL ASSETS UNDER MANAGEMENT
U.S. / Canada
International
TOTAL ASSETS UNDER SUPERVISION
Mutual fund assets by asset class
Liquidity
Fixed income
Equities and multi-asset
Alternatives
TOTAL MUTUAL FUND ASSETS
(a)
(b)
Jun 30
2010
$
$
$
$
$
$
$
$
$
$
$
$
Mar 31
2010
489
259
322
91
1,161
479
1,640
$
634
177
269
66
15
1,161
$
636
469
351
130
54
1,640
$
791
370
1,161
$
1,151
489
1,640
$
440
79
133
8
660
$
$
$
$
$
$
$
Dec 31
2009
521
246
355
97
1,219
488
1,707
$
669
184
282
70
14
1,219
$
670
476
371
133
57
1,707
$
815
404
1,219
$
1,189
518
1,707
$
470
76
150
9
705
$
$
$
$
$
$
$
Sep 30
2009
591
226
339
93
1,249
452
1,701
$
709
187
270
69
14
1,249
$
710
452
355
129
55
1,701
$
837
412
1,249
$
1,182
519
1,701
$
539
67
143
9
758
$
$
$
$
$
$
$
Jun 30
2009
634
215
316
94
1,259
411
1,670
$
737
180
256
71
15
1,259
$
737
414
339
131
49
1,670
$
862
397
1,259
$
1,179
491
1,670
$
576
57
133
10
776
$
$
$
$
$
$
$
June 30, 2010
Change
Mar 31
Jun 30
2010
2009
617
194
264
96
1,171
372
1,543
(6) %
5
(9)
(6)
(5)
(2)
(4)
(21) %
34
22
(5)
(1)
29
6
697
179
216
67
12
1,171
(5)
(4)
(5)
(6)
7
(5)
(9)
(1)
25
(1)
25
(1)
697
390
289
123
44
1,543
(5)
(1)
(5)
(2)
(5)
(4)
(9)
20
21
6
23
6
814
357
1,171
(3)
(8)
(5)
(3)
4
(1)
1,103
440
1,543
(3)
(6)
(4)
4
11
6
569
48
111
9
737
(6)
4
(11)
(11)
(6)
(23)
65
20
(11)
(10)
Excludes assets under management of American Century Companies, Inc. in which the Firm has had a 42% ownership in all the periods presented.
JPMorgan Securities was formerly known as Bear Stearns Private Client Services prior to January 1, 2010.
Page 28

30. JPMORGAN CHASE & CO.
ASSET MANAGEMENT
FINANCIAL HIGHLIGHTS, CONTINUED
(in billions)
QUARTERLY TRENDS
2Q10
ASSETS UNDER SUPERVISION (continued)
Assets under management rollforward
Beginning balance
Net asset flows:
Liquidity
Fixed income
Equities, multi-asset and alternatives
Market / performance / other impacts
TOTAL ASSETS UNDER MANAGEMENT
Assets under supervision rollforward
Beginning balance
Net asset flows
Market / performance / other impacts
TOTAL ASSETS UNDER SUPERVISION
$
1,219
$
(29)
12
1
(42)
1,161
$
$
1,707
(4)
(63)
1,640
1Q10
$
1,249
$
(62)
16
6
10
1,219
$
$
1,701
(10)
16
1,707
YEAR-TO-DATE
4Q09
$
1,259
$
(44)
12
8
14
1,249
$
$
1,670
(11)
42
1,701
3Q09
$
1,171
$
9
13
12
54
1,259
$
$
1,543
45
82
1,670
2Q09
$
1,115
$
(7)
8
2
53
1,171
$
$
1,464
(9)
88
1,543
2010
$
1,249
$
(91)
28
7
(32)
1,161
$
$
1,701
(14)
(47)
1,640
2009
$
1,133
$
12
9
(3)
20
1,171
$
$
1,496
16
31
1,543
Page 29

31. JPMORGAN CHASE & CO.
CORPORATE/PRIVATE EQUITY
FINANCIAL HIGHLIGHTS
(in millions, except headcount data)
QUARTERLY TRENDS
2Q10
INCOME STATEMENT
REVENUE
Principal transactions
Securities gains
All other income
Noninterest revenue
Net interest income
TOTAL NET REVENUE (a)
$
Provision for credit losses
1Q10
(69)
990
182
1,103
747
1,850
$
(2)
NONINTEREST EXPENSE
Compensation expense
Noncompensation expense (b)
Merger costs
Subtotal
Net expense allocated to other businesses
TOTAL NONINTEREST EXPENSE
153
653
653
MEMO:
TOTAL NET REVENUE
Private equity
Corporate
TOTAL NET REVENUE
NET INCOME/(LOSS)
Private equity
Corporate (e)
TOTAL NET INCOME/(LOSS)
Headcount
(a)
(b)
(c)
(d)
(e)
$
$
$
$
$
$
$
11
642
653
$
$
$
(224)
228
228
715
378
13
1,106
978
2,084
$
2Q09
1,109
181
273
1,563
1,031
2,594
$
62
1,243
366
(209)
1,400
865
2,265
9
NM %
62
47
(14)
(31)
(22)
2010
NM %
170
NM
(21)
(14)
(18)
NM
$
NM
478
1,600
306
2,384
1,823
4,207
$
55
173
228
$
$
$
$
15
768
875
103
1,746
(1,243)
503
655
1,319
143
2,117
(1,253)
864
62
(52)
(36)
(1)
(55)
18
11
NM
6
5
21
1,459
$
2,029
1,392
NM
(42)
818
1,211
76
1,287
584
808
808
NM
186
186
(74)
(19)
(19)
(71)
881
881
(1)
2,266
2,265
(58)
(20)
(22)
NM
(20)
(18)
$
(27)
835
808
(80)
271
186
NM
(23)
(19)
$
296
1,788
2,084
$
141
1,056
1,197
$
20,119
$
$
$
172
2,422
2,594
$
88
1,199
1,287
$
20,747
$
$
21,522
1
(9)
1,245
4,509
5,754
(2,372)
3,382
$
$
$
NM %
176
NM
NM
(2)
115
67
1,296
1,664
348
3,308
(2,532)
776
$
$
66
815
881
$
$
$
(4)
171
NM
74
6
336
1,171
163
4,044
4,207
19,482
(250)
580
(228)
102
1,854
1,956
9
810
262
1,197
1,197
$
2010 Change
2009
2009
747
1,058
30
1,835
(1,219)
616
115
2,242
2,357
19,307
3Q09
9
4
48
1,802
1,850
19,482
$
475
3,041
3,516
(1,180)
2,336
806
Income tax expense/(benefit) (c)
Income/(loss) before extraordinary gain
Extraordinary gain (d)
NET INCOME/(LOSS)
547
610
124
1,281
1,076
2,357
17
770
1,468
2,238
(1,192)
1,046
Income/(loss) before income tax expense (benefit)
and extraordinary gain
4Q09
YEAR-TO-DATE
2Q10 Change
1Q10
2Q09
(31)
625
546
546
NM
61
61
(450)
2,406
1,956
NM
68
115
(307)
853
546
NM
(4)
61
21,522
(9)
Total net revenue included tax-equivalent adjustments, predominantly due to tax-exempt income from municipal bond investments of $57 million, $48 million, $41 million, $40 million and $44 million for the quarters ended June 30, 2010, March 31,
2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively, and $105 million and $70 million for year-to-date 2010 and 2009, respectively.
The first quarter of 2010 included a $2.3 billion increase reflecting increased litigation reserves, including those for mortgage-related matters. The second quarter of 2009 included a $675 million FDIC special assessment.
The income tax expense in the first quarter of 2010 and fourth quarter of 2009 includes tax benefits recognized upon the resolution of tax audits.
On September 25, 2008, JPMorgan Chase acquired the banking operations of Washington Mutual. The acquisition resulted in negative goodwill, and accordingly, the Firm recognized an extraordinary gain. A preliminary gain of $1.9 billion was
recognized at December 31, 2008. The final total extraordinary gain that resulted from the Washington Mutual transaction was $2.0 billion.
The 2009 periods included merger costs and the extraordinary gain related to the Washington Mutual transaction, as well as items related to the Bear Stearns merger, including merger costs, asset management liquidation costs and Bear Stearns
Private Client Services (which was renamed to JPMorgan Securities effective January 2010) broker retention expense.
Page 30

32. JPMORGAN CHASE & CO.
CORPORATE/PRIVATE EQUITY
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions)
QUARTERLY TRENDS
2Q10
1Q10
4Q09
YEAR-TO-DATE
3Q09
2Q09
2Q10 Change
1Q10
2Q09
2010
2009
2010 Change
2009
SUPPLEMENTAL INFORMATION
TREASURY and CIO
Securities gains (a)
Investment securities portfolio (average)
Investment securities portfolio (ending)
Mortgage loans (average)
Mortgage loans (ending)
PRIVATE EQUITY
Private equity gains/(losses)
Direct investments
Realized gains
Unrealized gains/(losses) (b)
Total direct investments
Third-party fund investments
Total private equity gains/(losses) (c)
Private equity portfolio information
Direct investments
Publicly-held securities
Carrying value
Cost
Quoted public value
Privately-held direct securities
Carrying value
Cost
Third-party fund investments (d)
Carrying value
Cost
$
$
$
$
989
320,578
305,288
8,539
8,900
78
(7)
71
4
75
873
901
974
$
$
$
$
610
330,584
337,442
8,162
8,368
113
(75)
38
98
136
890
793
982
$
378
353,224
340,163
7,794
8,023
$
181
339,745
351,823
7,469
7,665
$
$
12
224
236
37
273
$
57
88
145
10
155
$
$
$
762
743
791
$
$
674
751
720
$
$
374
336,263
326,414
7,228
7,368
62 %
(3)
(10)
5
6
164 %
(5)
(6)
18
21
$
25
16
41
(61)
(20)
(31)
91
87
(96)
(45)
212
NM
73
NM
NM
$
431
778
477
(2)
14
(1)
103
16
104
5,464
6,507
4,782
5,795
5,104
5,959
4,722
5,823
4,709
5,627
14
12
1,603
2,134
1,459
2,079
1,440
2,068
1,420
2,055
11
8
191
(82)
109
102
211
$
$
$
588
301,219
326,414
7,219
7,368
40
(393)
(353)
(129)
(482)
172 %
8
(6)
16
21
378
79
NM
NM
NM
16
16
1,782
2,315
$
1,599
325,553
305,288
8,352
8,900
25
13
Total private equity portfolio - Carrying value
$
8,119
$
7,275
$
7,325
$
6,836
$
6,560
12
24
Total private equity portfolio - Cost
$
9,723
$
8,722
$
8,781
$
8,642
$
8,460
11
15
(a)
(b)
(c)
(d)
All periods reflect repositioning of the Corporate investment securities portfolio, and exclude gains/losses on securities used to manage risk associated with MSRs.
Unrealized gains/(losses) contain reversals of unrealized gains and losses that were recognized in prior periods and have now been realized.
Included in principal transactions revenue in the Consolidated Statements of Income.
Unfunded commitments to third-party private equity funds were $1.2 billion, $1.4 billion, $1.5 billion, $1.4 billion and $1.5 billion at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009,
respectively.
Page 31

33. JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION
(in millions)
Jun 30
2010
CREDIT EXPOSURE
WHOLESALE (a)
Loans retained (b)
Loans held-for-sale and loans at fair value
TOTAL WHOLESALE LOANS - REPORTED
CONSUMER (c)
Home loan portfolio - excluding purchased credit-impaired loans:
Home equity
Prime mortgage (b)
Subprime mortgage (b)
Option ARMs (b)
Total home loan portfolio - excluding purchased credit-impaired loans
Home loan portfolio - purchased credit-impaired loans: (d)
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Total home loan portfolio - purchased credit-impaired loans
Other consumer:
Auto (b)
Credit card - reported:
Loans excluding those held by the WaMu Master Trust (b)
Loans held by the WaMu Master Trust (e)
Total credit card - reported
Other loans (b)
Loans retained
Loans held-for-sale (f)
TOTAL CONSUMER LOANS - REPORTED
TOTAL LOANS - REPORTED
Credit card - securitized (b)
TOTAL MANAGED LOANS (b)
Derivative receivables
Receivables from customers
Interests in purchased receivables (b)
TOTAL CREDIT-RELATED ASSETS
Wholesale lending-related commitments (b)
TOTAL
Memo: Total by category
Total wholesale exposure (g)
Total consumer loans (h)
Total
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
$
212,987
3,839
216,826
Mar 31
2010
$
210,211
4,079
214,290
Dec 31
2009
$
200,077
4,098
204,175
Sep 30
2009
$
213,718
5,235
218,953
Jun 30
2009
$
June 30, 2010
Change
Mar 31
Jun 30
2010
2009
224,080
7,545
231,625
1 %
(6)
1
(5) %
(49)
(6)
94,761
66,429
12,597
8,594
182,381
97,642
68,210
13,219
8,644
187,715
101,425
66,892
12,526
8,536
189,379
104,795
67,597
13,270
8,852
194,514
108,229
68,878
13,825
9,034
199,966
(3)
(3)
(5)
(1)
(3)
(12)
(4)
(9)
(5)
(9)
25,471
18,512
5,662
27,256
76,901
26,012
19,203
5,848
28,260
79,323
26,520
19,693
5,993
29,039
81,245
27,088
20,229
6,135
29,750
83,202
27,729
20,807
6,341
30,529
85,406
(2)
(4)
(3)
(4)
(3)
(8)
(11)
(11)
(11)
(10)
47,548
47,381
46,031
44,309
42,887
-
142,994
142,994
32,399
482,223
434
482,657
149,260
149,260
32,951
496,630
2,879
499,509
77,784
1,002
78,786
31,700
427,141
2,142
429,283
75,207
3,008
78,215
32,405
432,645
1,546
434,191
80,722
5,014
85,736
33,041
447,036
1,940
448,976
(4)
(4)
(2)
(3)
(85)
(3)
77
NM
67
(2)
8
(78)
8
699,483
N/A
699,483
80,215
22,966
1,836
804,500
324,552
$ 1,129,052
713,799
N/A
713,799
79,416
16,314
2,579
812,108
326,921
$ 1,139,029
633,458
84,626
718,084
80,210
15,745
2,927
816,966
347,155
$ 1,164,121
653,144
87,028
740,172
94,065
13,148
2,329
849,714
343,135
$ 1,192,849
680,601
85,790
766,391
97,491
12,977
2,972
879,831
343,991
$ 1,223,822
(2)
NM
(2)
1
41
(29)
(1)
(1)
(1)
3
NM
(9)
(18)
77
(38)
(9)
(6)
(8)
$
$
$
$
$
1
(3)
(1)
(6)
(10)
(8)
646,395
482,657
$ 1,129,052
639,520
499,509
$ 1,139,029
650,212
513,909
$ 1,164,121
671,630
521,219
$ 1,192,849
689,056
534,766
$ 1,223,822
11
Includes Investment Bank, Commercial Banking, Treasury & Securities Services and Asset Management.
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. As a result of the
consolidation of the credit card securitization trusts, reported and managed basis relating to credit card securitizations are equivalent for periods beginning after January 1, 2010. For further
details regarding the Firm’s application and impact of the new guidance, see footnote (a) on page 3.
Includes Retail Financial Services, Card Services and residential mortgage loans reported in the Corporate/Private Equity segment to be risk managed by the Chief Investment Office.
Purchased credit-impaired loans represent loans acquired in the Washington Mutual transaction for which a deterioration in credit quality occurred between the origination date and JPMorgan
Chase's acquisition date. These loans were initially recorded at fair value and accrete interest income over the estimated lives of the loans as long as cash flows are reasonably estimable, even if
the underlying loans are contractually past due.
Represents the remaining balance of loans measured at fair value within the Washington Mutual Master Trust that were consolidated onto the Firm's balance sheet during the second quarter of
2009. No allowance for loan losses was recorded for these loans as of December 31, 2009, September 30, 2009 and June 30, 2009.
Included loans for prime mortgage of $185 million, $558 million, $450 million, $187 million and $589 million at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June
30, 2009, respectively, and other (largely student loans) of $249 million, $2.3 billion, $1.7 billion, $1.4 billion and $1.4 billion at June 30, 2010, March 31, 2010, December 31, 2009, September 30,
2009 and June 30, 2009, respectively.
Primarily represents total wholesale loans, derivative receivables, wholesale lending-related commitments and receivables from customers.
Represents total consumer loans and excludes consumer lending-related commitments.
N/A: Not Applicable.
Page 32

34. JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions)
Jun 30
2010
CREDIT EXPOSURE (continued)
Risk profile of wholesale credit exposure:
Investment-grade
Noninvestment-grade:
Noncriticized
Criticized performing
Criticized nonperforming
Total noninvestment-grade
Loans held-for-sale and loans at fair value
Receivables from customers
Interests in purchased receivables (a)
Total wholesale exposure
(a)
$
$
$
$
491,168
1
141,578
27,217
8,118
176,913
141,408
26,453
6,533
174,394
(1)
(11)
(11)
(3)
(9)
(21)
(14)
(11)
3,839
22,966
1,836
646,395
4,079
16,314
2,579
639,520
4,098
15,745
2,927
650,212
5,235
13,148
2,329
671,630
7,545
12,977
2,972
689,056
(6)
41
(29)
1
(49)
77
(38)
(6)
$
474,005
Jun 30
2009
133,557
26,095
7,088
166,740
$
460,702
Sep 30
2009
129,368
23,451
6,258
159,077
$
457,471
Dec 31
2009
128,020
20,911
5,600
154,531
$
463,223
Mar 31
2010
$
June 30, 2010
Change
Mar 31
Jun 30
2010
2009
$
%
(6) %
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. For further details
regarding the Firm’s application and impact of the new guidance, see footnote (a) on page 3.
Note: The risk profile is based on JPMorgan Chase’s internal risk ratings. For further details on the Firm’s internal risk ratings, refer to Glossary of Terms on page 43.
Page 33

35. JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions, except ratio data)
Jun 30
2010
NONPERFORMING ASSETS AND RATIOS
WHOLESALE LOANS
Loans retained
Loans held-for-sale and loans at fair value
TOTAL WHOLESALE LOANS
$
Mar 31
2010
5,285
375
5,660
$
Dec 31
2009
5,895
331
6,226
$
Sep 30
2009
6,559
345
6,904
$
June 30, 2010
Change
Mar 31
Jun 30
2010
2009
Jun 30
2009
7,494
146
7,640
$
5,829
133
5,962
(10) %
13
(9)
(9) %
182
(5)
CONSUMER LOANS
Home loan portfolio:
Home equity
Prime mortgage
Subprime mortgage
Option ARMs
Total home loan portfolio
Auto loans
Credit card - reported
Other loans
TOTAL CONSUMER LOANS (a)(b)
TOTAL NONPERFORMING LOANS REPORTED (c)
1,211
4,653
3,115
409
9,388
155
3
973
10,519
16,179
1,427
4,579
3,331
348
9,685
174
3
962
10,824
17,050
1,665
4,355
3,248
312
9,580
177
3
900
10,660
17,564
1,598
4,007
3,233
244
9,082
179
3
863
10,127
17,767
1,487
3,501
2,773
182
7,943
154
4
722
8,823
14,785
(15)
2
(6)
18
(3)
(11)
1
(3)
(5)
(19)
33
12
125
18
1
(25)
35
19
9
Derivative receivables
Assets acquired in loan satisfactions
TOTAL NONPERFORMING ASSETS (a)
315
1,662
18,156
363
1,606
19,019
529
1,648
19,741
624
1,971
20,362
704
2,028
17,517
(13)
3
(5)
(55)
(18)
4
(17)
(2)
3
(32)
9
(5)
(40)
13
(25)
46
3
82
4
$
TOTAL NONPERFORMING LOANS TO TOTAL
LOANS REPORTED
NONPERFORMING ASSETS BY LOB
Investment Bank
Retail Financial Services (b)
Card Services
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity (d)
TOTAL
(a)
(b)
(c)
(d)
2.31
$
$
2,726
11,731
3
3,285
14
337
60
18,156
$
%
2.39
$
$
3,289
11,974
3
3,186
14
498
55
19,019
$
%
2.77
$
$
4,236
11,864
3
2,989
14
582
53
19,741
$
%
2.72
$
$
5,782
11,641
3
2,461
14
422
39
20,362
$
%
2.17
$
$
4,534
10,351
4
2,255
14
326
33
17,517
%
Nonperforming assets exclude: (1) nonaccruing mortgage loans insured by U.S. government agencies of $10.1 billion, $10.5 billion, $9.0 billion, $7.0 billion and $4.2 billion at June 30, 2010,
March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively; (2) real estate owned insured by U.S. government agencies of $1.4 billion, $707 million, $579 million,
$579 million and $508 million at June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively; and (3) student loans that are 90 days past due and
still accruing, which are insured by U.S. government agencies under the Federal Family Education Loan Program, of $447 million, $581 million, $542 million, $511 million and $473 million at
June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively. These amounts are excluded as reimbursement is proceeding normally. In addition,
the Firm's policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance. Under guidance issued by the Federal Financial Institutions
Examination Council, credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiving notification about a specified
event (e.g., bankruptcy of the borrower), whichever is earlier.
Excludes home lending purchased credit-impaired loans that were acquired as part of the Washington Mutual transaction. These loans are accounted for on a pool basis, and the pools are
considered to be performing. Also excludes loans held-for-sale and loans at fair value.
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. For further details regarding
the Firm’s application and impact of the new guidance, see footnote (a) on page 3.
Predominantly relates to held-for-investment prime mortgage loans.
Page 34

36. JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions, except ratio data)
QUARTERLY TRENDS
2Q10
GROSS CHARGE-OFFS (a)
Wholesale loans
Consumer loans, excluding credit card
Credit card loans - reported
Total loans - reported
Credit card loans - securitized
Total loans - managed
$
1Q10
264
1,874
4,063
6,201
N/A
6,201
$
4Q09
1,014
2,555
4,882
8,451
N/A
8,451
$
3Q09
1,230
2,825
2,405
6,460
1,733
8,193
$
YEAR-TO-DATE
2Q10 Change
1Q10
2Q09
2Q09
1,093
2,634
2,894
6,621
1,810
8,431
$
697
2,718
2,883
6,298
1,776
8,074
2010
(74) %
(27)
(17)
(27)
NM
(27)
(62) %
(31)
41
(2)
NM
(23)
$
2010 Change
2009
2009
1,278
4,429
8,945
14,652
N/A
14,652
$
903
4,962
5,072
10,937
3,355
14,292
42 %
(11)
76
34
NM
3
RECOVERIES (a)
Wholesale loans
Consumer loans, excluding credit card
Credit card loans - reported
Total loans - reported
Credit card loans - securitized
Total loans - managed
33
112
342
487
N/A
487
55
116
370
541
N/A
541
26
74
183
283
116
399
35
13
200
248
112
360
18
67
194
279
112
391
(40)
(3)
(8)
(10)
NM
(10)
83
67
76
75
NM
25
88
228
712
1,028
N/A
1,028
33
135
354
522
227
749
167
69
101
97
NM
37
NET CHARGE-OFFS (a)
Wholesale loans
Consumer loans, excluding credit card
Credit card loans - reported
Total loans - reported
Credit card loans - securitized
Total loans - managed
231
1,762
3,721
5,714
N/A
5,714
959
2,439
4,512
7,910
N/A
7,910
1,204
2,751
2,222
6,177
1,617
7,794
1,058
2,621
2,694
6,373
1,698
8,071
679
2,651
2,689
6,019
1,664
7,683
(76)
(28)
(18)
(28)
NM
(28)
(66)
(34)
38
(5)
NM
(26)
1,190
4,201
8,233
13,624
N/A
13,624
870
4,827
4,718
10,415
3,128
13,543
37
(13)
75
31
NM
1
$
NET CHARGE-OFF RATES (a)
Wholesale retained loans
Consumer retained loans
Total retained loans - reported
Consumer loans - managed
Total loans - managed
Consumer loans - managed excluding purchased
credit-impaired loans (b)
Total loans - managed excluding purchased
credit-impaired loans (b)
Memo: Average Retained Loans (a)
Wholesale loans - reported
Consumer loans - reported
Total loans - reported
Consumer loans - managed
Total loans - managed
(a)
(b)
0.44
4.49
3.28
4.49
3.28
$
%
1.84
5.56
4.46
5.56
4.46
$
%
2.31
4.60
3.85
5.08
4.29
$
%
1.93
4.79
3.84
5.29
4.30
$
%
1.19
4.69
3.52
5.20
4.00
$
%
1.14
5.03
3.88
5.03
3.88
$
%
0.75
4.15
3.01
4.65
3.49
5.34
$
6.61
6.05
6.29
6.18
5.98
5.53
3.69
5.03
4.84
4.85
4.51
4.36
%
3.93
209,016
490,149
699,165
490,149
699,165
$
211,599
506,949
718,548
506,949
718,548
$
206,846
428,964
635,810
514,416
721,262
$
217,952
440,376
658,328
526,393
744,345
$
229,105
456,292
685,397
540,709
769,814
$
210,300
498,503
708,803
498,503
708,803
$
233,871
464,062
697,932
549,077
782,947
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. As a result of the consolidation of the credit card securitization trusts,
reported and managed basis relating to credit card securitizations are equivalent for periods beginning after January 1, 2010. For further details regarding the Firm’s application and impact of the new guidance, see footnote (a) on page 3.
Excludes the impact of purchased credit-impaired loans that were acquired as part of the Washington Mutual transaction. These loans were accounted for at fair value on the acquisition date, which incorporated management's estimate,
as of that date, of credit losses over the remaining life of the portfolio. To date, no charge-offs have been recorded for these loans.
N/A: Not Applicable.
Page 35

37. JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions)
QUARTERLY TRENDS
2Q10
SUMMARY OF CHANGES IN THE ALLOWANCES
ALLOWANCE FOR LOAN LOSSES
Beginning balance at January 1,
Cumulative effect of change in accounting principles (a)
Net charge-offs (a)
Provision for loan losses (a)
Other (b)
Ending balance
ALLOWANCE FOR LENDING-RELATED COMMITMENTS
Beginning balance at January 1,
Cumulative effect of change in accounting principles (a)
Provision for lending-related commitments
Other
Ending balance
ALLOWANCE FOR LOAN LOSSES BY LOB
Investment Bank (a)
Retail Financial Services (a)
Card Services (a)
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity
Total
(a)
(b)
$
$
$
$
$
$
1Q10
38,186
5,714
3,380
(16)
35,836
$
940
(17)
(11)
912
$
2,149
16,152
14,524
2,686
48
250
27
35,836
$
$
$
$
31,602
7,494
7,910
6,991
9
38,186
939
(18)
19
940
2,601
16,200
16,032
3,007
57
261
28
38,186
4Q09
$
$
$
$
$
$
30,633
6,177
7,166
(20)
31,602
YEAR-TO-DATE
3Q09
$
$
821
118
939
$
3,756
14,776
9,672
3,025
88
269
16
31,602
$
$
$
29,072
6,373
8,029
(95)
30,633
2Q09
$
$
746
75
821
$
4,703
13,286
9,297
3,063
15
251
18
30,633
$
$
$
27,381
6,019
7,923
(213)
29,072
2Q10 Change
1Q10
2Q09
2010
21 %
NM
(28)
(52)
NM
(6)
39 %
(5)
(57)
92
23
$
638
108
746
NM
NM
NM
(3)
47
NM
NM
22
$
5,101
11,832
8,839
3,034
15
226
25
29,072
(17)
(9)
(11)
(16)
(4)
(4)
(6)
2009
(58)
37
64
(11)
220
11
8
23
$
$
31,602
7,494
13,624
10,371
(7)
35,836
$
939
(18)
2
(11)
912
$
$
$
23,164
10,415
16,540
(217)
29,072
2010 Change
2009
659
87
746
36 %
NM
31
(37)
97
23
42
NM
(98)
NM
22
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. For further details regarding the Firm’s application and impact of the
new guidance, see footnote (a) on page 3.
Activity for the third and second quarters of 2009 predominantly included a reclassification related to the issuance and retention of securities from the Chase Issuance Trust.
Page 36

38. JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions, except ratio data)
QUARTERLY TRENDS
2Q10
ALLOWANCE COMPONENTS AND RATIOS
ALLOWANCE FOR LOAN LOSSES
Wholesale
Asset specific (a)
Formula - based
Total wholesale
Consumer
Asset specific (b)
Formula - based (a)(c)(d)
Purchased credit-impaired (d)
Total consumer
Total allowance for loan losses
Allowance for lending-related commitments
Total allowance for credit losses
CREDIT RATIOS
Wholesale allowance to total wholesale retained loans
Consumer allowance to total consumer retained loans
Allowance to total retained loans
Consumer allowance to consumer retained nonperforming loans (e)
Consumer allowance to consumer retained nonperforming loans
excluding credit card (e)
CREDIT RATIOS excluding purchased credit-impaired loans (f)
Consumer allowance to total consumer retained loans (f)(g)
Allowance to retained loans (f)(g)
Consumer allowance to consumer retained nonperforming
loans (e)(f)(g)
Consumer allowance to consumer retained nonperforming
loans excluding credit card (e)(f)
Allowance to total retained nonperforming loans (f)(g)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
$
$
1Q10
1,324
3,824
5,148
$
1,184
26,693
2,811
30,688
35,836
912
36,748
2.42
6.36
5.15
292
$
%
4Q09
1,557
4,385
5,942
$
1,010
28,423
2,811
32,244
38,186
940
39,126
2.83
6.49
5.40
298
$
%
3Q09
2,046
5,099
7,145
$
996
21,880
1,581
24,457
31,602
939
32,541
3.57
5.73
5.04
229
$
%
2,410
5,631
8,041
$
1,009
20,493
1,090
22,592
30,633
821
31,454
3.76
5.22
4.74
223
2Q10 Change
1Q10
2Q09
2Q09
$
%
2,108
6,284
8,392
(15) %
(13)
(13)
801
19,879
20,680
29,072
746
29,818
3.75
4.63
4.33
234
154
150
139
131
7.05
5.64
6.63
5.51
6.21
5.28
272
215
212
234
127
209
124
212
124
174
121
168
%
5.80
5.01
265
48
34
NM
48
23
22
23
134
6.88
5.34
17
(6)
(5)
(6)
(3)
(6)
(37) %
(39)
(39)
134
198
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. For further details
regarding the Firm’s application and impact of the new guidance, see footnote (a) on page 3.
The asset-specific consumer allowance for loan losses includes troubled debt restructuring reserves of $946 million, $754 million, $754 million, $756 million and $603 million at June 30,
2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively. Prior period amounts have been reclassified from formula-based to conform with the
current period presentation.
Includes all of the Firm’s allowance for loan losses on credit card loans, including those for which the Firm has modified the terms of the loans for borrowers who are experiencing financial
difficulty.
Prior period amounts have been reclassified from formula-based to conform with the current period presentation.
The Firm’s policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance. Under guidance issued by the Federal Financial
Institutions Examination Council, credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiving notification
about a specified event (e.g., bankruptcy of the borrower), whichever is earlier.
Excludes the impact of purchased credit-impaired loans that were acquired as part of the Washington Mutual transaction, as well as the related allowance recorded on these loans. These
loans were accounted for at fair value on the acquisition date, which incorporated management's estimate, as of that date, of credit losses over the remaining life of the portfolio. To date, no
charge-offs have been recorded for these loans.
Excludes loans held by the Washington Mutual Master Trust, which were consolidated onto the Firm's balance sheet at fair value during the second quarter of 2009. No allowance for loan
losses was recorded for these loans as of December 31, 2009, September 30, 2009, and June 30, 2009. The balance of these loans held by the Washington Mutual Master Trust was zero
at June 30, 2010 and March 31, 2010.
Page 37

39. JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions)
QUARTERLY TRENDS
2Q10
PROVISION FOR CREDIT LOSSES
LOANS
Investment Bank (a)
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity
Total wholesale
Retail Financial Services (a)
Card Services - reported (a)
Corporate/Private Equity
Total consumer
Total provision for loan losses
LENDING-RELATED COMMITMENTS
Investment Bank (a)
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity
Total wholesale
Retail Financial Services
Card Services - reported
Corporate/Private Equity
Total consumer
Total provision for lending-related commitments
TOTAL PROVISION FOR CREDIT LOSSES
Investment Bank (a)
Commercial Banking
Treasury & Securities Services
Asset Management
Corporate/Private Equity
Total wholesale
Retail Financial Services (a)
Card Services - reported (a)
Corporate/Private Equity
Total consumer
Total provision for credit losses
Credit card loans - securitized (a)
Managed provision for credit losses (a)
(a)
$
$
$
$
$
$
1Q10
(418)
(143)
(8)
15
(1)
(555)
1,715
2,221
(1)
3,935
3,380
$
93
(92)
(8)
(10)
(17)
(17)
$
(325)
(235)
(16)
5
(1)
(572)
1,715
2,221
(1)
3,935
3,363
$
N/A
3,363
$
4Q09
(477)
204
(31)
31
16
(257)
3,735
3,512
1
7,248
6,991
$
15
10
(8)
4
$
$
21
(2)
$
$
(2)
19
(462)
214
(39)
35
16
(236)
3,733
3,512
1
7,246
7,010
N/A
7,010
$
$
$
3Q09
(265)
445
73
53
(2)
304
4,228
2,622
12
6,862
7,166
$
84
49
(20)
5
(1)
117
1
1
118
$
(181)
494
53
58
(3)
421
4,229
2,622
12
6,863
7,284
$
1,617
8,901
YEAR-TO-DATE
$
2Q09
330
326
1
37
(6)
688
4,004
3,269
68
7,341
8,029
49
29
12
1
$
$
$
-
$
$
2Q10 Change
1Q10
2Q09
91
(16)
(16)
75
379
355
13
38
(6)
779
3,988
3,269
68
7,325
8,104
1,698
9,802
$
$
$
815
280
(20)
59
7
1,141
3,841
2,939
2
6,782
7,923
NM %
NM
60
(75)
NM
NM
(55)
(24)
NM
(42)
(57)
$
NM
NM
NM
NM
NM
NM
NM
66
NM
NM
NM
NM
NM
NM
NM
$
871
312
(5)
59
7
1,244
3,846
2,939
2
6,787
8,031
30
NM
59
(86)
NM
(142)
(54)
(37)
NM
(46)
(52)
NM
NM
(220)
(92)
NM
NM
(55)
(24)
NM
(42)
(58)
$
1,664
9,695
NM
(52)
NM
(65)
56
32
15
103
5
5
108
12 %
NM
74
(52)
NM
(116)
(54)
(37)
NM
(46)
(52)
2010
$
$
$
2010 Change
2009
2009
(895)
61
(39)
46
15
(812)
5,450
5,733
11,183
10,371
$
108
(82)
(16)
(6)
4
(2)
(2)
2
$
(787)
(21)
(55)
40
15
(808)
5,448
5,733
11,181
10,373
$
N/A
10,373
$
2,089
543
(40)
93
7
2,692
7,718
6,128
2
13,848
16,540
(8)
62
29
(1)
82
5
-
$
$
5
87
NM %
(89)
3
(51)
114
NM
(29)
(6)
NM
(19)
(37)
NM
NM
NM
(500)
(95)
NM
NM
(98)
2,081
605
(11)
92
7
2,774
7,723
6,128
2
13,853
16,627
NM
NM
(400)
(57)
114
NM
(29)
(6)
NM
(19)
(38)
3,128
19,755
NM
(47)
Effective January 1, 2010, the Firm adopted new accounting guidance that amended the accounting for the transfer of financial assets and the consolidation of VIEs. As a result of the consolidation of the credit card securitization trusts, reported
and managed basis relating to credit card securitizations are equivalent for periods beginning after January 1, 2010. For further details regarding the Firm’s application and impact of the new guidance, see footnote (a) on page 3.
N/A: Not Applicable.
Page 38

40. JPMORGAN CHASE & CO.
MARKET RISK-RELATED INFORMATION
(in millions)
QUARTERLY TRENDS
2Q10
AVERAGE IB TRADING VAR, CREDIT PORTFOLIO
VAR AND OTHER VAR - 95% CONFIDENCE LEVEL
IB VaR by risk type:
Fixed income
Foreign exchange
Equities
Commodities and other
Diversification benefit to IB trading VaR (a)
IB Trading VaR (b)
$
Credit portfolio VaR (c)
Diversification benefit to IB trading and credit
portfolio VaR (a)
Total IB trading and credit portfolio VaR
(a)
(b)
(c)
(d)
(e)
(f)
64
10
20
20
(42)
72
$
4Q09
69
13
24
15
(49)
72
$
3Q09
121
14
21
17
(62)
111
$
2Q09
182
19
19
23
(97)
146
$
179
16
50
22
(97)
170
(7) %
(23)
(17)
33
14
-
(64) %
(38)
(60)
(9)
57
(58)
2010
$
2010 Change
2009
2009
66
12
22
18
(46)
72
$
168
19
73
21
(101)
180
(61) %
(37)
(70)
(14)
54
(60)
27
24
29
68
42
(60)
23
77
(70)
(9)
82
(11)
124
(32)
143
(60)
178
10
85
(49)
(9)
86
(62)
195
85
(56)
24
72
(14)
82
$
19
(9)
90
Consumer Lending VaR (d)
Chief Investment Office (CIO) VaR (e)
Diversification benefit to total other VaR (a)
Total other VaR
Diversification benefit to total IB and other VaR (a)
Total IB and other VaR (f)
1Q10
YEAR-TO-DATE
2Q10 Change
1Q10
2Q09
25
70
(13)
82
29
78
(19)
88
49
99
(31)
117
43
111
(29)
125
(4)
3
(8)
-
(44)
(35)
52
(34)
25
71
(14)
82
75
116
(45)
146
(67)
(39)
69
(44)
(89)
214
(20)
(5)
11
(57)
(91)
250
20
(62)
(79)
93
$
(66)
98
$
(67)
145
$
(82)
178
$
$
(73)
95
$
Average VaRs were less than the sum of the VaRs of their market risk components, which is due to risk offsets resulting from portfolio diversification. The diversification effect reflected the fact that the risks were not perfectly correlated.
The risk of a portfolio of positions is therefore usually less than the sum of the risks of the positions themselves.
IB Trading VaR includes predominantly all trading activities in IB, as well as syndicated lending facilities that the Firm intends to distribute; however, particular risk parameters of certain products are not fully captured, such as correlation
risk. IB Trading VaR does not include the debit valuation adjustments ("DVA") taken on derivative and structured liabilities to reflect the credit quality of the Firm.
Credit Portfolio VaR includes the derivative credit valuation adjustments ("CVA"), hedges of the CVA and mark-to-market hedges of the retained loan portfolio, which are all reported in principal transactions revenue. This VaR does not
include the retained loan portfolio.
Consumer Lending VaR includes the Firm’s mortgage pipeline and warehouse, MSR and all related hedges.
Chief Investment Office (CIO) VaR includes positions, primarily in debt securities and credit products, used to manage structural risk and other risks, including interest rate, and credit risks arising from the Firm’s ongoing business
activities.
Total IB and other VaR excludes certain nontrading activity, such as Private Equity, principal investing (e.g., mezzanine financing, tax-oriented investments, etc.), balance sheet and capital management positions and longer-term
corporate investments managed by the CIO.
Page 39

41. JPMORGAN CHASE & CO.
CAPITAL AND OTHER SELECTED BALANCE SHEET ITEMS
(in millions, except ratio data)
Jun 30
2010
CAPITAL RATIOS
Tier 1 capital
Total capital
Tier 1 common capital (a)
Risk-weighted assets
Adjusted average assets
Tier 1 capital ratio
Total capital ratio
Tier 1 common capital ratio (a)
Tier 1 leverage ratio
TANGIBLE COMMON EQUITY (PERIOD-END) (b)
Common stockholders' equity
Less: Goodwill
Less: Other intangible assets
Add: Deferred tax liabilities (c)
Total tangible common equity
TANGIBLE COMMON EQUITY (AVERAGE) (b)
Common stockholders' equity
Less: Goodwill
Less: Other intangible assets
Add: Deferred tax liabilities (c)
Total tangible common equity
INTANGIBLE ASSETS (PERIOD-END)
Goodwill
Mortgage servicing rights
Purchased credit card relationships
All other intangibles
Total intangibles
DEPOSITS (PERIOD-END)
U.S. offices:
Noninterest-bearing
Interest-bearing
Non-U.S. offices:
Noninterest-bearing
Interest-bearing
Total deposits
(a)
(b)
(c)
(d)
$
$
137,077
178,291
108,175
1,130,890
1,983,839
12.1
15.8
9.6
6.9
162,968
48,320
4,178
2,584
113,054
Mar 31
2010
(d) $ 131,350
(d)
173,332
(d)
103,908
(d)
1,147,008
(d)
1,981,060
% (d)
11.5
(d)
15.1
(d)
9.1
(d)
6.6
$
156,569
48,359
4,383
2,544
106,371
Dec 31
2009
$
%
$
132,971
177,073
105,284
1,198,006
1,933,767
11.1
14.8
8.8
6.9
157,213
48,357
4,621
2,538
106,773
Sep 30
2009
$
%
$
126,541
171,804
101,420
1,237,760
1,940,689
10.2
13.9
8.2
6.5
154,101
48,334
4,862
2,527
103,432
June 30, 2010
Change
Mar 31
Jun 30
2010
2009
Jun 30
2009
$
%
$
122,174
167,767
96,850
1,260,237
1,969,339
9.7
13.3
7.7
6.2
YEAR-TO-DATE
2010
4 %
3
4
(1)
-
4
(5)
2
6
2010 Change
2009
12 %
6
12
(10)
1
146,614
48,288
5,082
2,535
95,779
2009
11
(18)
2
18
%
159,069
48,348
4,265
2,564
109,020
156,094
48,542
4,307
2,541
105,786
156,525
48,341
4,741
2,533
105,976
149,468
48,328
4,984
2,531
98,687
140,865
48,273
5,218
2,518
89,892
2
13
(1)
1
3
(18)
2
21
$
48,320
11,853
1,051
3,127
64,351
48,359
15,531
1,153
3,230
68,273
48,357
15,531
1,246
3,375
68,509
48,334
13,663
1,342
3,520
66,859
48,288
14,600
1,431
3,651
67,970
(24)
(9)
(3)
(6)
(19)
(27)
(14)
(5)
208,064
433,764
210,982
436,914
204,003
439,104
195,561
415,122
192,247
433,862
(1)
(1)
8
9,094
236,883
887,805
10,062
267,345
925,303
8,082
287,178
938,367
9,390
247,904
867,977
8,291
232,077
866,477
(10)
(11)
(4)
157,590
48,445
4,285
2,553
107,413
$
138,691
48,173
5,329
2,562
87,751
14 %
1
(20)
22
10
2
2
-
The Firm uses Tier 1 common capital along with the other capital measures to assess and monitor its capital position. The Tier 1 common capital ratio is Tier 1 common capital divided by risk-weighted assets. For further
discussion of Tier 1 common capital ratio, see page 42.
The Firm uses return on tangible common equity, a non-GAAP financial measure, to evaluate the Firm's use of equity and to facilitate comparisons with competitors. For further discussion of ROTCE, see page 42.
Represents deferred tax liabilities related to tax-deductible goodwill and to identifiable intangibles created in non-taxable transactions, which are netted against goodwill and other intangibles when calculating TCE.
Estimated.
Page 40

42. JPMORGAN CHASE & CO.
PER SHARE-RELATED INFORMATION
(in millions, except per share and ratio data)
QUARTERLY TRENDS
2Q10
EARNINGS PER SHARE DATA
Basic earnings per share:
Income before extraordinary gain
Extraordinary gain
Net income
Less: Preferred stock dividends
Less: Accelerated amortization from redemption of
preferred stock issued to the U.S. Treasury (a)
Net income applicable to common equity
Less: Dividends and undistributed earnings allocated to
participating securities
Net income applicable to common stockholders
$
Diluted earnings per share:
Net income applicable to common stockholders
$
COMMON SHARES OUTSTANDING
Common shares - at period end (d)
Cash dividends declared per share
Book value per share
Dividend payout ratio
SHARE PRICE
High
Low
Close
Market capitalization
STOCK REPURCHASE PROGRAM
Aggregate repurchases
Common shares repurchased
Average purchase price
(a)
(b)
(c)
(d)
$
$
269
4,363
$
$
$
$
4,363
$
$
2,974
$
%
48.20
36.51
36.61
145,554
$
$
135.3
3.5
38.73
$
$
46.05
37.03
44.75
177,897
-
164
2,952
$
$
2,952
$
%
$
$
$
47.47
40.04
41.67
164,261
-
$
76 %
76
(66)
1,112
1,136
185
3,240
44 %
44
1
46
NM
308
64
1,072
42
47
320
307
293
293
$
47
307
3,811.5
12.6
3,824.1
(9)
-
5
75
5
0.28
0.28
47
47
289
289
3,924.1
0.05
37.36
14
4
1
10
$
3,240
$
1,072
3,937.9
24.1
3,962.0
$
%
$
$
$
0.80
0.02
0.82
3,938.7
0.05
39.12
6
46.50
31.59
43.82
172,596
-
$
47
47
$
$
$
$
%
$
$
$
38.94
25.29
34.11
133,852
-
8,121
8,121
325
5
461
7,335
$
$
$
1.84
1.84
$
7,335
$
%
1.83
1.83
157
2,591
194
183
5
$
171
171
$
2,591
183
3,783.6
7.8
3,791.4
5
197
6
$
$
0.68
0.68
169
169
3,975.8
0.10
$
40.99
5 %
3,924.1
0.10
37.36
15
1
10
38.94
14.96
34.11
133,852
5
(1)
(18)
(18)
24
44
7
9
$
48.20
36.51
36.61
145,554
$
NM
NM
NM
NM
NM
NM
$
135.3
3.5
38.73
$
$
NM
184
0.68
0.68
3,977.0
23.2
4,000.2
$
67 %
67
(68)
3,783.6
$
4,862
4,862
1,002
1,112
2,748
3,977.0
$
2010 Change
2009
2009
7,796
-
0.28
0.28
$
$
3,811.5
$
$
2010
2,721
2,721
473
$
0.74
0.74
3,942.0
0.05
39.88
7
$
0.80
0.02
0.82
3,946.1
28.0
3,974.1
$
3,512
76
3,588
163
3,937.9
$
$
2Q09
3,425
$
0.74
0.74
3,975.4
0.05
39.38
7
$
0.75
0.75
3,970.5
24.2
3,994.7
$
3,278
3,278
162
3,946.1
$
$
$
190
2,974
$
$
3Q09
3,116
$
1.09
1.09
3,975.8
0.05
40.99
5
$
0.75
0.75
3,983.5
22.1
4,005.6
$
3,326
3,326
162
3,970.5
1.10
1.10
$
4Q09
3,164
3,983.5
Total weighted-average basic shares outstanding
Add: Employee stock options and SARs (b)
Total weighted-average diluted shares outstanding (c)
Income before extraordinary gain per share (a)
Extraordinary gain per share
Net income per share (a)
4,795
4,795
163
4,632
Total weighted-average basic shares outstanding
Income before extraordinary gain per share (a)
Extraordinary gain per share
Net income per share (a)
1Q10
YEAR-TO-DATE
2Q10 Change
1Q10
2Q09
$
%
24
144
7
9
-
NM
NM
NM
The calculation of second quarter 2009 earnings per share includes a one-time non-cash reduction of $1.1 billion, or $0.27 per share, resulting from the redemption of Series K preferred stock issued to the U.S. Treasury.
Excluded from the computation of diluted EPS (due to the antidilutive effect) were options issued under employee benefit plans and warrants originally issued under the U.S. Treasury’s Capital Purchase Program to purchase shares of
the Firm’s common stock aggregating 224 million, 239 million, 147 million, 241 million and 315 million, for the quarters ended June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively.
Participating securities were included in the calculation of diluted EPS using the two-class method, as this computation was more dilutive than the calculation using the treasury stock method.
On June 5, 2009, the Firm issued $5.8 billion, or 163 million shares, of its common stock at $35.25 per share.
Page 41

43. JPMORGAN CHASE & CO.
NON-GAAP FINANCIAL MEASURES
(a)
In addition to analyzing the Firm’s results on a reported basis, management reviews the Firm’s
results and the results of the lines of business on a “managed” basis, which is a non-GAAP
financial measure. The Firm’s definition of managed basis starts with the reported U.S. GAAP
results and includes certain reclassifications to present total net revenue for the Firm (and
each of the business segments) on a FTE basis. Accordingly, revenue from tax-exempt
securities and investments that receive tax credits is presented in the managed results on a
basis comparable to taxable securities and investments. This non-GAAP financial measure
allows management to assess the comparability of revenue arising from both taxable and taxexempt sources. The corresponding income tax impact related to these items is recorded
within income tax expense. These adjustments have no impact on net income as reported by
the Firm as a whole or by the lines of business.
Prior to January 1, 2010, the Firm’s managed-basis presentation also included certain
reclassification adjustments that assumed credit card loans securitized by CS remained on the
balance sheet. Effective January 1, 2010, the Firm adopted new accounting guidance that
amended the accounting for the transfer of financial assets and the consolidation of VIEs.
Additionally, the new guidance required the Firm to consolidate its Firm-sponsored credit card
securitizations trusts. The income, expense and credit costs associated with these
securitization activities are now recorded in the 2010 Consolidated Statements of Income in
the same classifications that were previously used to report such items on a managed basis.
As a result of the consolidation of the credit card securitization trusts, reported and managed
basis relating to credit card securitizations are comparable for periods beginning after January
1, 2010.
The presentation in 2009 of CS results on a managed basis assumed that credit card loans
that had been securitized and sold in accordance with U.S. GAAP remained on the
Consolidated Balance Sheets, and that the earnings on the securitized loans were classified in
the same manner as the earnings on retained loans recorded on the Consolidated Balance
Sheets. JPMorgan Chase used the concept of managed basis to evaluate the credit
performance and overall financial performance of the entire managed credit card portfolio.
Operations were funded and decisions were made about allocating resources, such as
employees and capital, based on managed financial information. In addition, the same
underwriting standards and ongoing risk monitoring are used for both loans on the
Consolidated Balance Sheets and securitized loans. Although securitizations result in the sale
of credit card receivables to a trust, JPMorgan Chase retains the ongoing customer
relationships, as the customers may continue to use their credit cards; accordingly, the
customer’s credit performance affects both the securitized loans and the loans retained on the
Consolidated Balance Sheets. JPMorgan Chase believed that this managed-basis information
was useful to investors, as it enabled them to understand both the credit risks associated with
the loans reported on the Consolidated Balance Sheets and the Firm’s retained interests in
securitized loans
(b)
(c)
Return on Tangible Common Equity is Net income applicable to common equity divided by
total average common stockholders' equity (i.e., total stockholders' equity less preferred stock)
less identifiable intangible assets (other than MSRs) and goodwill, net of related deferred tax
liabilities. The Firm uses return on tangible common equity, a non-GAAP financial measure, to
evaluate the Firm's use of equity and to facilitate comparisons with competitors.
(d)
The following are several of the non-GAAP measures that the Firm uses for various reasons,
including: (i) to allow management to assess the comparability of revenue arising from both taxable
and tax-exempt sources, (ii) to assess and compare the quality and composition of the Firm’s capital
with the capital of other financial services companies, and (iii) more generally, to provide a more
meaningful measure of certain metrics that enables comparability with prior periods, as well as with
competitors.
Tier 1 common capital ratio is Tier 1 common capital divided by risk-weighted assets. Tier 1
Common Capital ("Tier 1 Common”) is defined as Tier 1 capital less elements of capital not in
the form of common equity – such as qualifying perpetual preferred stock, qualifying
noncontrolling interest in subsidiaries and qualifying trust preferred capital debt securities. Tier
1 Common, a non-GAAP financial measure, is used by banking regulators, investors and
analysts to assess and compare the quality and composition of the Firm’s capital with the
capital of other financial services companies. The Firm uses Tier 1 Common along with the
other capital measures to assess and monitor its capital position.
(e)
TSS Firmwide revenue includes certain TSS product revenue and liability balances reported
in other lines of business, mainly CB, RFS and AM, related to customers who are also
customers of those lines of business.
(f)
Retail Financial Services uses the overhead ratio (excluding the amortization of core
deposit intangibles ("CDI")), a non-GAAP financial measure, to evaluate the underlying
expense trends of the business. Including CDI amortization expense in the overhead ratio
calculation would result in a higher overhead ratio in the earlier years and a lower overhead
ratio in later years. This method would therefore result in an improving overhead ratio over
time, all things remaining equal. The non-GAAP ratio excludes Retail Banking's CDI
amortization expense related to prior business combination transactions.
(g)
The calculation of the second quarter 2009 earnings per share and net income applicable to
common equity includes a one-time, noncash reduction of $1.1 billion, or $0.27 per share,
resulting from repayment of TARP preferred capital. Excluding this reduction, the adjusted
ROE and ROTCE for the second quarter of 2009 would have been 6% and 10%, respectively.
The Firm views the adjusted ROE and ROTCE, both non-GAAP financial measures, as
meaningful because they enable the comparability to prior periods.
(h) Adjusted assets, a non-GAAP financial measure, equals total assets minus (1) securities
purchased under resale agreements and securities borrowed less securities sold, not yet
purchased; (2) assets of variable interest entities ("VIEs"); (3) cash and securities segregated
and on deposit for regulatory and other purposes; (4) goodwill and intangibles; (5) securities
received as collateral; and (6) investments purchased under the Asset-Backed Commercial
Paper Money Market Mutual Fund Liquidity Facility. The amount of adjusted assets is
presented to assist the reader in comparing IB’s asset and capital levels to other investment
banks in the securities industry. Asset-to-equity leverage ratios are commonly used as one
measure to assess a company’s capital adequacy. IB believes an adjusted asset amount that
excludes the assets discussed above, which were considered to have a low risk profile,
provides a more meaningful measure of balance sheet leverage in the securities industry.
The ratio for the allowance for loan losses to end-of-period loans excludes the following:
loans accounted for at fair value and loans held-for-sale; purchased credit-impaired loans; the
allowance for loan losses related to purchased credit-impaired loans; and loans from the
Washington Mutual Master Trust, which were consolidated on the Firm’s balance sheet at fair
value during the second quarter of 2009. Additionally, Real Estate Portfolios net charge-off
rates exclude the impact of purchased credit-impaired loans.
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44. JPMORGAN CHASE & CO.
GLOSSARY OF TERMS
ACH: Automated Clearing House.
Allowance for loan losses to total loans: Represents period-end Allowance for loan
losses divided by retained loans.
Average managed assets: Refers to total assets on the Firm's Consolidated Balance
Sheets plus credit card receivables that have been securitized and removed from the Firm's
Consolidated Balance Sheets, for periods ended prior to the January 1, 2010, adoption of
new FASB guidance requiring the consolidation of the Firm-sponsored credit card
securitization trusts.
Bear Stearns Merger: Effective May 30, 2008, JPMorgan Chase merged with The Bear
Stearns Companies Inc. (“Bear Stearns”) and Bear Stearns became a wholly-owned
subsidiary of JPMorgan Chase. The final total purchase price to complete the merger was
$1.5 billion.
Beneficial interest issued by consolidated VIEs: Represents the interest of third-party
holders of debt/equity securities, or other obligations, issued by VIEs that JPMorgan Chase
consolidates. The underlying obligations of the VIEs consist of short-term borrowings,
commercial paper and long-term debt. The related assets consist of trading assets,
available-for-sale securities, loans and other assets.
Contractual credit card charge-off: In accordance with the Federal Financial Institutions
Examination Council policy, credit card loans are charged off by the end of the month in
which the account becomes 180 days past due or within 60 days from receiving notification
about a specific event (e.g., bankruptcy of the borrower), whichever is earlier.
Corporate/Private Equity: Includes Private Equity, Treasury and Chief Investment Office,
and Corporate Other, which includes other centrally managed expense and discontinued
operations.
JPMorgan Chase's internal risk ratings: Generally correspond to the following ratings as
defined by Standard & Poor's / Moody's: Investment-Grade: AAA / Aaa to BBB- / Baa3;
Noninvestment-Grade: BB+ / Ba1 and below.
Investment-grade: An indication of credit quality based on JPMorgan Chase’s internal risk
assessment system. “Investment-grade” generally represents a risk profile similar to a rating
of a “BBB-”/“Baa3” or better, as defined by independent rating agencies.
Managed basis: A non-GAAP presentation of financial results that includes
reclassifications to present revenue on a fully taxable-equivalent basis, and for periods
ended prior to the January 1, 2010, adoption of new accounting guidance relating to the
accounting for the transfer of financial assets and the consolidation of VIEs related to credit
card securitizations. Management uses this non-GAAP financial measure at the segment
level, because it believes this provides information to enable investors to understand the
underlying operational performance and trends of the particular
business segment and facilitates a comparison of the business segment with the
performance of competitors.
Managed credit card receivables: Refers to credit card receivables on the Firm’s
Consolidated Balance Sheets plus credit card receivables that have been securitized and
removed from the Firm’s Consolidated Balance Sheets, for periods ended prior to the
January 1, 2010, adoption of new guidance requiring the consolidation of the Firmsponsored credit card securitization trusts.
Mark-to-market exposure: A measure, at a point in time, of the value of a derivative or
foreign exchange contract in the open market. When the mark-to-market value is positive, it
indicates the counterparty owes JPMorgan Chase and, therefore, creates a credit risk for
the Firm. When the mark-to-market value is negative, JPMorgan Chase owes the
counterparty; in this situation, the Firm has liquidity risk.
Credit card securitizations: For periods ended prior to the January 1, 2010, adoption of
new guidance relating to the accounting for the transfer of financial assets and the
consolidation of VIEs, Card Services’ results were presented on a “managed” basis that
assumed that credit card loans that had been securitized and sold in accordance with U.S.
GAAP remained on the Consolidated Balance Sheets and that earnings on the securitized
loans were classified in the same manner as the earnings on retained loans recorded on
the Consolidated Balance Sheets. “Managed” results excluded the impact of credit card
securitizations on total net revenue, the provision for credit losses, net charge-offs and loan
receivables. Securitization did not change reported net income; however, it did affect the
classification of items on the Consolidated Statements of Income and Consolidated Balance
Sheets.
Merger costs: Reflects costs associated with the Washington Mutual transaction and the
Bear Stearns merger in 2008.
FASB: Financial Accounting Standards Board.
NM: Not meaningful.
Interests in purchased receivables: Represents an ownership interest in cash flows of an
underlying pool of receivables transferred by a third-party seller into a bankruptcy-remote
entity, generally a trust.
Overhead ratio: Noninterest expense as a percentage of total net revenue.
MSR risk management revenue: Includes changes in MSR asset fair value due to inputs
or assumptions in model and derivative valuation adjustments.
Net charge-off ratio: Represents net charge-offs (annualized) divided by average retained
loans for the reporting period.
Net yield on interest-earning assets: The average rate for interest-earning assets less
the average rate paid for all sources of funds.
Page 43

45. JPMORGAN CHASE & CO.
GLOSSARY OF TERMS
Participating securities: Represent unvested stock-based compensation awards
containing nonforfeitable rights to dividends or dividend equivalents (collectively,
"dividends"), which are included in the EPS calculation using the two-class method.
JPMorgan Chase grants restricted stock and RSUs to certain employees under its
stock-based compensation programs, which entitle the recipients to receive
nonforfeitable dividends during the vesting period on a basis equivalent to the
dividends paid to holders of common stock. These unvested awards meet the
definition of participating securities. Under the two-class method, all earnings
(distributed and undistributed) are allocated to each class of common stock and
participating securities, based on their respective rights to receive dividends.
Retained loans: Loans that are held for investment, which excludes loans held-forsale and loans at fair value.
Pre-provision profit: The Firm believes that this financial measure is useful in
assessing the ability of a lending institution to generate income in excess of its
provision for credit losses.
Unaudited: Financial statements and information that have not been subjected to
auditing procedures sufficient to permit an independent certified public accountant to
express an opinion.
Pretax margin: Represents income before income tax expense divided by total net
revenue, which is, in management’s view, a comprehensive measure of pretax
performance derived by measuring earnings after all costs are taken into
consideration. It is, therefore, another basis that management uses to evaluate the
performance of TSS and AM against the performance of their respective
competitors.
U.S. GAAP: Accounting principles generally accepted in the United States of
America.
Principal transactions: Realized and unrealized gains and losses from trading
activities (including physical commodities inventories that are accounted for at the
lower of cost or fair value) and changes in fair value associated with financial
instruments held predominantly by the Investment Bank for which the fair value
option was elected. Principal transactions revenue also includes private equity gains
and losses.
Taxable-equivalent basis: Total net revenue for each of the business segments
and the Firm is presented on a tax-equivalent basis. Accordingly, revenue from taxexempt securities and investments that receive tax credits is presented in the
managed results on a basis comparable to fully taxable securities and investments.
This non-GAAP financial measure allows management to assess the comparability
of revenue arising from both taxable and tax-exempt sources. The corresponding
income tax impact related to these items is recorded within income tax expense.
Value-at-risk ("VaR"): A measure of the dollar amount of potential loss from
adverse market moves in an ordinary market environment.
Washington Mutual Transaction: On September 25, 2008, JPMorgan Chase
acquired the banking operations of Washington Mutual Bank (“Washington Mutual”)
from the Federal Deposit Insurance Corporation (“FDIC”) for $1.9 billion. The final
allocation of the purchase price resulted in the recognition of negative goodwill and
an extraordinary gain of $2.0 billion.
Reported basis: Financial statements prepared under U.S. GAAP, which excludes
the impact of taxable-equivalent adjustments. For periods ended prior to the January
1, 2010, adoption of new guidance requiring the consolidation of the Firm-sponsored
credit card securitization trusts, the reported basis included the impact of credit card
securitizations.
Page 44

46. JPMORGAN CHASE & CO.
GLOSSARY OF TERMS
INVESTMENT BANKING (IB)
RFS (continued)
IB’s revenue comprises the following:
Investment banking fees include advisory, equity underwriting, bond underwriting and
loan syndication fees.
Fixed income markets primarily include client and portfolio management revenue related
to market-making across global fixed income markets, including foreign exchange, interest
rate, credit and commodities markets.
Equities markets primarily include client and portfolio management revenue related to
market-making across global equity products, including cash instruments, derivatives and
convertibles.
Credit portfolio revenue includes net interest income, fees and loan sale activity, as well
as gains or losses on securities received as part of a loan restructuring, for IB’s credit
portfolio. Credit portfolio revenue also includes the results of risk management related to
the Firm’s lending and derivative activities, and changes in the credit valuation adjustment,
which is the component of the fair value of a derivative that reflects the credit quality of the
counterparty.
Mortgage origination channels comprise the following:
Retail – Borrowers who are buying or refinancing a home through direct contact with a
mortgage banker employed by the Firm using a branch office, the Internet or by phone.
Borrowers are frequently referred to a mortgage banker by a banker in a Chase branch,
real estate brokers, home builders or other third parties.
Wholesale – A third-party mortgage broker refers loan applications to a mortgage
banker at the Firm. Brokers are independent loan originators that specialize in finding
and counseling borrowers but do not provide funding for loans. The Firm exited the
broker channel during 2008.
Correspondent – Banks, thrifts, other mortgage banks and other financial institutions
that sell closed loans to the Firm.
Correspondent negotiated transactions ("CNT") – These transactions occur when
mid- to large-sized mortgage lenders, banks and bank-owned mortgage companies sell
servicing to the Firm on an as-originated basis, and exclude purchased bulk servicing
transactions. These transactions supplement traditional production channels and
provide growth opportunities in the servicing portfolio in stable and periods of rising
interest rates.
RETAIL FINANCIAL SERVICES (RFS)
Description of selected business metrics within Retail Banking:
Personal bankers – Retail branch office personnel who acquire, retain and expand new
and existing customer relationships by assessing customer needs and recommending and
selling appropriate banking products and services.
Sales specialists – Retail branch office personnel who specialize in the marketing of a
single product, including mortgages, investments, and business banking, by partnering
with the personal bankers.
Mortgage banking revenue comprises the following:
Production revenue includes net gains or losses on originations and sales of prime and
subprime mortgage loans, other production-related fees and losses related to the
repurchase of previously-sold loans.
Net mortgage servicing revenue includes the following components:
a) Operating revenue comprises:
•
all gross income earned from servicing third-party mortgage loans, including
stated service fees, excess service fees, late fees and other ancillary fees;
and
•
modeled servicing portfolio runoff (or time decay).
b) Risk management comprises:
•
changes in MSR asset fair value due to market-based inputs, such as
interest rates and volatility, as well as updates to assumptions used in the
MSR valuation model; and
•
derivative valuation adjustments and other, which represents changes in the
fair value of derivative instruments used to offset the impact of changes in
the market-based inputs to the MSR valuation model.
CARD SERVICES (CS)
Description of selected business metrics within CS:
Sales volume – Dollar amount of cardmember purchases, net of returns.
Open accounts – Cardmember accounts with charging privileges.
Merchant acquiring business – A business that processes bank card transactions for
merchants.
Bank card volume – Dollar amount of transactions processed for merchants.
Total transactions – Number of transactions and authorizations processed for
merchants.
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47. JPMORGAN CHASE & CO.
GLOSSARY OF TERMS
COMMERCIAL BANKING (CB)
TREASURY & SECURITIES SERVICES (TSS)
CB Client Segments:
1.
Middle Market Banking covers corporate, municipal, financial institution and not-forprofit clients, with annual revenue generally ranging between $10 million and $500
million.
2.
Mid-Corporate Banking covers clients with annual revenue generally ranging between
$500 million and $2 billion and focuses on clients that have broader investment banking
needs.
3.
Commercial Term Lending primarily provides term financing to real estate
investors/owners for multi-family properties as well as financing office, retail and
industrial properties.
4.
Real Estate Banking provides full-service banking to investors and developers of
institutional-grade real estate properties.
Treasury & Securities Services firmwide metrics include certain TSS product revenue and
liability balances reported in other lines of business related to customers who are also
customers of those other lines of business. In order to capture the firmwide impact of TS and
TSS products and revenue, management reviews firmwide metrics such as liability balances,
revenue and overhead ratios in assessing financial performance for TSS. Firmwide metrics
are necessary, in management's view, in order to understand the aggregate TSS business.
CB Revenue:
1.
Lending includes a variety of financing alternatives, which are primarily provided on a
basis secured by receivables, inventory, equipment, real estate or other assets.
Products include term loans, revolving lines of credit, bridge financing, asset-based
structures and leases.
2.
Treasury services includes a broad range of products and services enabling clients to
transfer, invest and manage the receipt and disbursement of funds, while providing the
related information reporting. These products and services include U.S. dollar and
multi-currency clearing, ACH, lockbox, disbursement and reconciliation services, check
deposits, other check and currency-related services, trade finance and logistics
solutions, commercial card and deposit products, sweeps and money market mutual
funds.
3.
Investment banking products provide clients with sophisticated capital-raising
alternatives, as well as balance sheet and risk management tools through loan
syndications, investment-grade debt, asset-backed securities, private placements, highyield bonds, equity underwriting, advisory, interest rate derivatives, foreign exchange
hedges and securities sales.
ASSET MANAGEMENT (AM)
CB selected business metrics:
1.
Liability balances include deposits, as well as deposits that are swept to on—balance
sheet liabilities (e.g., commercial paper, federal funds purchased, time deposits and
securities loaned or sold under repurchase agreements) as part of customer cash
management programs.
2.
IB revenue, gross represents total revenue related to investment banking products sold
to CB clients.
Description of selected business metrics within TSS:
1.
Liability balances include deposits, as well as deposits that are swept to on—balance
sheet liabilities (e.g., commercial paper, federal funds purchased, time deposits and
securities loaned or sold under repurchase agreements) as part of customer cash
management programs.
Assets under management – Represent assets actively managed by Asset Management
on behalf of Institutional, Retail, Private Banking, Private Wealth Management and JPMorgan
Securities clients. Includes ”committed capital not called”, on which AM earns fees. Excludes
assets managed by American Century Companies, Inc., in which the Firm has a 42%
ownership interest at June 30, 2010.
Assets under supervision – Represents assets under management as well as custody,
brokerage, administration and deposit accounts.
Alternative assets – The following types of assets constitute alternative investments –
Hedge funds, currency, real estate and private equity.
AM’s client segments comprise the following:
Institutional brings comprehensive global investment services – including asset
management, pension analytics, asset/liability management and active risk budgeting
strategies – to corporate and public institutions, endowments, foundations, not-for-profit
organizations and governments worldwide.
Retail provides worldwide investment management services and retirement planning and
administration through third-party and direct distribution of a full range of investment vehicles.
The Private Bank addresses every facet of wealth management for ultra-high-net-worth
individuals and families worldwide, including investment management, capital markets and
risk management, tax and estate planning, banking, capital raising and specialty-wealth
advisory services.
Private Wealth Management offers high-net-worth individuals, families and business
owners in the U.S. comprehensive wealth management solutions, including investment
management, capital markets and risk management, tax and estate planning, banking, and
specialty-wealth advisory services.
JPMorgan Securities provides investment advice and wealth management services to highnet-worth individuals, money managers, and small corporations.
Page 46

48. JPMORGAN CHASE & CO.
DISCLOSURE CHANGE SUMMARY
Commencing with the second quarter of 2010, JPMorgan Chase & Co. implemented some formatting changes to certain schedules in its Earnings Release
Financial Supplement. The changes were made to make the presentation of the financial information contained in the Earnings Release Financial
Supplement easier to read, reduce redundancies and to conform certain disclosures with those in the Form 10-Q/10-K. None of the changes affect
previously disclosed financial data.
The following highlights some of the schedules that included more significant changes:
Schedule Title
Page Reference
Brief Description of the Change
Consolidated Financial Highlights
2
Split into two pages, with selected balance sheet, headcount and line of business net
income/(loss) metrics moved to the next page
Statement of Income
4
Financial ratios based on income before extraordinary gain moved to the footnote on the
Washington Mutual transaction
Condensed Average Balance Sheet
6
Combined goodwill and other intangibles with all other noninterest-earning assets; added
trading liabilities – debt instruments and its related yield to conform with the Form 10Q/10-K format; added two new line disclosures, noninterest-bearing deposits and trading
liabilities – equity instruments, to conform with the Form 10-Q/10-K format
Asset Management Financial Highlights
26
Split first page into two, with business metrics and credit data and quality statistics moved
to the next page
Credit-Related Information
32
Credit Exposure schedule split into two pages, with risk profile of wholesale credit
exposure moved to the next page
36
Allowance for Credit Losses schedule split into two pages, with allowance components
and ratios moved to the next page; added two new line disclosures to conform with the
Form 10-Q/10-K format (these are: consumer allowance to consumer retained
nonperforming loans adjusted for credit-impaired loans; and consumer allowance to
consumer retained nonperforming loans excluding credit card and adjusted for creditimpaired loans)
41
Added a set of disclosures related to stock repurchases
Per Share-Related Information
Page 47