JPMorgan Chase 2015: $96.6B Revenue, $24.4B Income, $6 EPS

January 18, 2016 Updated: January 19, 2016
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JPMorgan Chase reported new highs—though only marginally—in 2015, with yearly net revenue of $96.6 billion, net income totaling $24.4 billion, and an earnings per share of $6. In 2014, the Manhattan-based banking and financial services company posted revenue of $94.21 billion with an income of $21.76 billion. 

For the last quarter of 2015, the company reported net income of $5.4 billion on revenue of $23.7 billion, which is up about 1 percent over the previous quarter. 

Jamie Dimon, Chairman and CEO of JPMorgan Chase, said in a press release of the results:  “The businesses generated strong loan growth and credit quality, except for some stress in energy. … Markets were somewhat quieter, and we saw the impact reflected in the results of our trading and Asset Management businesses.”

Financial markets were down last year, and routed early this year, due to weakness in China’s economic sector.

Overall, JPMorgan Chase delivered results that were consistent quarter-to-quarter, year-to-year. The results may prove that Dimon, who was once seen as a bastion of stability in the financial world during the 2008 financial crisis and has been a bit more embattled recently, may have proven his critics wrong once more by keeping the company financially stable, even if not able to ensure greater growth in a largely down market.

JPMorgan Chase reported its revenue across its four main business lines: consumer and community banking, corporate and investment bank, commercial banking and asset management. Consumer and community banking account for $11.2 billion revenue in the fourth quarter, comprising almost 50 percent of the bank’s total revenue.

The corporate and investment bank division contributed $7.1 billion, a decrease of 4 percent on the previous quarter. Investment banking division revenues were down 11 percent mostly as a result of lower debt underwriting fees. 

Commercial banking and asset management accounted for $1.8 billion and $3 billion in revenue, and $550 million and $507 million in income, respectively for the fourth quarter. 

While JPMorgan may have weathered last year’s market storms due to the stability in its consumer business side, it remains to be seen how the performance of the markets this year might have an impact on the company.