JPMorgan Chase & Co
BRIEF: For the three months ended 31 March 2013, JPMorgan Chase & Co. interest income decreased 9% to $13.43B. Net interest income after loan loss provision decreased 6% to $10.32B. Net income applicable to common stockholders increased 34% to $6.13B. Net interest income after loan loss provision reflects Consumer & Business Banking segment decrease of 1% to $6.66B, Corporate & Investment Bank segment decrease of 3% to $2.77B, Net Interest Margin.
Common Stock $1 Par, 03/11, 9B auth., 4,104,933,895 issd., less 118,308,413 shs. in Treas. @ $4.97B. Insiders control 0.51%. Preferred Stock $1 Par, 200M auth., 780,000 issd.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. The Company is a global financial services firm and a banking institution in the United States, with global operations. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. JPMorgan Chase’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national bank with the United States branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national bank that is the Company’s credit card-issuing bank. JPMorgan Chase’s non-bank subsidiary is J.P. Morgan Securities LLC (JPMorgan Securities), the Company’s the United States investment banking firm. In June 2012, the Company’s asset management business created a new unit.