JPMorgan Chase & Co Q4 2021 Earnings Call Summary - Thomson StreetEvents

JPMorgan Chase & Co Q4 2021 Earnings Call Summary

JPMorgan Chase & Co Q4 2021 Earnings Call Summary - Thomson StreetEvents
JPMorgan Chase & Co Q4 2021 Earnings Call Summary
Published Jan 14, 2022
30 pages (17697 words) — Published Jan 14, 2022
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Abstract:

Edited Brief of JPM.N earnings conference call or presentation 14-Jan-22 1:30pm GMT

  
Brief Excerpt:

...A. Results: Net income $10.4b. 1. 2. EPS $3.33. 3. Revenue, $30.3b. 4. ROTCE, 19%. 5. Aforementioned results included $1.8b net credit reserve release. Adjusting for this, ROTCE 17%. a. 6. As suggested last qtr., Co. has started to see a pickup in loan growth; 8% YonY and 3% QonQ ex-PPP. Significant portion of this growth came from: a. AWM. i. ii. Markets. b. Seeing positive indicators in card and increasing revolver utilization in C&I. 7. Exceptionally strong qtr. for investment banking, particularly M&A. Another good qtr. in AWM. a. 8. Revenue of $30.3b, up 1% YonY. 9. Net interest income up 3%, primarily driven by balance sheet growth, partially offset by lower CIB Markets NII. 10. NIR down 1%, largely driven by normalization in CIB Markets and lower production revenue in home lending, mostly offset by higher IB fees on strong advisory. 11. NII and NIR excluding markets and standalone Markets total revenue, which is more consistent with the way JPM runs. On above basis, drivers are same,...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Co
Ticker
JPM.N
Time
1:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Jeremy, my first question is for you, and it's on Page 16, and it's a two-part question on this guidance. The first is, could you help us size the timing and magnitude of deposit beta that you presume in this $50 billion number as well as the size of securities deployment? And the second part to that question is, clearly, we're missing that white box, right, in terms of CIB Markets' contribution. And if you could give us sort of rails to think about CIB Markets in light of your comments about more modest normalization versus the idea that this business is naturally liability sensitive?

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Very clear. My second compound question is on capital, if you could give us an update. I know that January 1 is the adoption for SA-CCR. If you could give us an estimate on the impact to CET1? And just to clarify, that 17% medium-term ROTCE does take into account that your G-SIB surcharge is 4.5%?

Table Of Contents

JPMorgan Chase & Co Q1 2022 Earnings Call Summary – 2022-04-13 – US$ 54.00 – Edited Brief of JPM.N earnings conference call or presentation 13-Apr-22 12:30pm GMT

JPMorgan Chase & Co Q1 2022 Earnings Call Transcript – 2022-04-13 – US$ 54.00 – Edited Transcript of JPM.N earnings conference call or presentation 13-Apr-22 12:30pm GMT

JPMorgan Chase & Co at RBC Capital Markets Financial Institutions Conference (Virtual) Transcript – 2022-03-08 – US$ 54.00 – Edited Transcript of JPM.N presentation 8-Mar-22 1:40pm GMT

JPMorgan Chase & Co at Credit Suisse Financial Services Forum Transcript – 2022-02-18 – US$ 54.00 – Edited Transcript of JPM.N presentation 18-Feb-22 1:00pm GMT

JPMorgan Chase & Co Q4 2021 Earnings Call Transcript – 2022-01-14 – US$ 54.00 – Edited Transcript of JPM.N earnings conference call or presentation 14-Jan-22 1:30pm GMT

United Therapeutics Corp Fireside Chat Hosted By JPMorgan Transcript – 2022-01-06 – US$ 54.00 – Edited Transcript of JPM.N brokerage analyst conference call 6-Jan-22 1:00pm GMT

JPMorgan Chase & Co at Goldman Sachs US Financial Services Conference Transcript – 2021-12-08 – US$ 54.00 – Edited Transcript of JPM.N presentation 8-Dec-21 9:20pm GMT

JPMorgan Chase & Co Q3 2021 Earnings Call Summary – 2021-10-13 – US$ 54.00 – Edited Brief of JPM.N earnings conference call or presentation 13-Oct-21 12:30pm GMT

JPMorgan Chase & Co Q3 2021 Earnings Call Transcript – 2021-10-13 – US$ 54.00 – Edited Transcript of JPM.N earnings conference call or presentation 13-Oct-21 12:30pm GMT

JPMorgan Chase & Co at Barclays Financial Services Conference (Virtual) Transcript – 2021-09-14 – US$ 54.00 – Edited Transcript of JPM.N presentation 14-Sep-21 1:00pm GMT

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MLA:
Thomson StreetEvents. "JPMorgan Chase & Co Q4 2021 Earnings Call Summary" Jan 14, 2022. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-JPMorgan-Chase-Co-Earnings-Call-B13182823>
  
APA:
Thomson StreetEvents. (2022). JPMorgan Chase & Co Q4 2021 Earnings Call Summary Jan 14, 2022. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-JPMorgan-Chase-Co-Earnings-Call-B13182823>
  
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