JPMorgan Historical Income Statement
| JPM Stock | 30.65 1.08 3.40% |
Historical analysis of JPMorgan Chase income statement accounts such as Interest Income of 100.3 B or Interest Expense of 85.4 B can show how well JPMorgan Chase Co performed in making a profits. Evaluating JPMorgan Chase income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of JPMorgan Chase's future profits or losses.
JPMorgan Chase Net Income |
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About JPMorgan Income Statement Analysis
JPMorgan Chase Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to JPMorgan Chase shareholders. The income statement also shows JPMorgan investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
JPMorgan Chase Income Statement Chart
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts JPMorgan Chase generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of JPMorgan Chase. It is also known as JPMorgan Chase overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from JPMorgan Chase's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into JPMorgan Chase current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Chase Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 19th of December 2024, Interest Expense is likely to grow to about 85.4 B, while Tax Provision is likely to drop about 10 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 52.3B | 66.7B | 89.3B | 68.8B | Tax Provision | 11.2B | 8.5B | 12.1B | 10.0B |
JPMorgan Chase income statement Correlations
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JPMorgan Chase Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JPMorgan Chase income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 8.1B | 6.3B | 11.2B | 8.5B | 12.1B | 10.0B | |
| Net Interest Income | 57.2B | 54.6B | 52.3B | 66.7B | 89.3B | 68.8B | |
| Interest Income | 84.0B | 64.5B | 57.9B | 92.8B | 170.6B | 100.3B | |
| Interest Expense | 26.8B | 10.0B | 5.6B | 26.1B | 81.3B | 85.4B | |
| Selling General Administrative | 37.7B | 37.5B | 41.6B | 45.5B | 51.1B | 45.8B | |
| Total Revenue | 115.6B | 119.5B | 121.7B | 128.7B | 155.0B | 137.4B | |
| Other Operating Expenses | 4.8B | 4.8B | 5.0B | 6.1B | 7.0B | 5.8B | |
| Net Income From Continuing Ops | 36.4B | 29.1B | 48.3B | 37.7B | 49.6B | 42.8B | |
| Reconciled Depreciation | 8.4B | 8.6B | 7.9B | 7.1B | 7.5B | 6.3B | |
| Income Before Tax | 44.5B | 35.4B | 59.6B | 46.2B | 61.6B | 52.8B | |
| Net Income Applicable To Common Shares | 34.6B | 27.4B | 46.5B | 35.9B | 41.3B | 38.5B | |
| Net Income | 36.4B | 29.1B | 48.3B | 37.7B | 49.6B | 42.8B | |
| Income Tax Expense | 8.4B | 6.7B | 11.2B | 8.5B | 9.8B | 9.5B |
Pair Trading with JPMorgan Chase
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JPMorgan Chase position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JPMorgan Chase will appreciate offsetting losses from the drop in the long position's value.Moving together with JPMorgan Stock
The ability to find closely correlated positions to JPMorgan Chase could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JPMorgan Chase when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JPMorgan Chase - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JPMorgan Chase Co to buy it.
The correlation of JPMorgan Chase is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JPMorgan Chase moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JPMorgan Chase moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JPMorgan Chase can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JPMorgan Chase Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.