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JPMorgan Chase & Co. 383 Madison Avenue , New York , NY 10179-0001 NYSE symbol : JPM www.jpmorganchase.com JPMORGAN CHASE REPORTS THIRD - QUARTER 2021 NET INCOME OF $ 11.7 BILLION ( $ 3.74 PER SHARE ) THIRD - QUARTER 2021 RESULTS¹ ROE 18 % ROTCE² 22 % Firmwide Metrics CCB ROE 34 % CIB ROE 26 % CB ROE 22 % AWM ROE 33 % Reported revenue of $ 29.6 billion ; managed revenue of $ 30.4 billion² Credit costs net benefit of $ 1.5 billion included $ 2.1 billion of net reserve release and $ 524 million of net charge - offs Average loans up 5 % ; average deposits up 19 % $ 1.6 trillion of liquidity sources , including HQLA and unencumbered marketable securities CET1 Capital Ratios³ Std . 12.9 % | Adv . 13.6 % ■ Average deposits up 20 % ; client investment assets up 29 % ■ Average loans down 2 % YoY and up 1 % QoQ ; Card net charge - off rate of 1.39 % Debit and credit card sal volume up 26 % Active mobile customers up 10 % # 1 ranking for Global Investment Banking fees with 9.4 % wallet share YTD Total Markets revenue of $ 6.3 billion , down 5 % , with Fixed Income Markets down 20 % and Equity Markets up 30 % ■ Gross Investment Banking revenue of $ 1.3 billion , up 60 % Average loans down 7 % YoY and 1 % QoQ ; average deposits up 21 % Assets under management ( AUM ) of $ 3.0 trillion , up 17 % Average loans up 20 % YoY and 3 % QoQ ; average deposits up 41 % SIGNIFICANT ITEMS 3Q21 results included : ■ $ 2.1 billion net credit reserve release Firmwide ( $ 0.52 increase in earnings per share ( EPS ) ) $ 566 million Firmwide income tax benefit related to finalizing the Firm's 2020 U.S. federal tax return ( $ 0.19 increase in EPS ) ■ Excluding significant items² : 3Q21 net income of $ 9.6 billion , EPS of $ 3.03 and ROTCE of 18 % CAPITAL DISTRIBUTED Common dividend of $ 3.0 billion , or $ 1.00 per share ■ $ 5.0 billion of common stock net repurchases in 3Q21³ FORTRESS PRINCIPLES ■ Book value per share of $ 86.36 , up 9 % ; tangible book value per share² of $ 69.87 , up 9 % ■ Basel III common equity Tier 1 capital ' of $ 210 billion and Standardized ratio of 12.9 % ; Advanced ratio of 13.6 % ■ Firm supplementary leverage ratio of 5.5 % JPMORGAN CHASE & CO . ²For notes on non - GAAP financial measures , including managed basis reporting , see page 6 . For additional notes see page 7 . Jamie Dimon , Chairman and CEO , commented on the financial results : " JPMorgan Chase delivered strong results as the economy continues to show good growth - despite the dampening effect of the Delta variant and supply chain disruptions . We released credit reserves of $ 2.1 billion , as the economic outlook continues to improve and our scenarios have improved accordingly . As we have said before , however , we do not consider these scenario - driven releases core or recurring profits . These reserve calculations , while done extremely diligently and carefully , involve multiple , multi - year hypothetical probability - adjusted scenarios , which may or may not occur and which may continue to introduce quarterly volatility in our reserves . Our earnings , not including the net reserve release and an income tax benefit , were $ 9.6 billion . " Dimon continued : " In Consumer & Community Banking , combined debit and credit card spend was up 26 % , and Card payment rates have stabilized contributing to modest Card loan growth . Originations in Home Lending remain strong , up 43 % to $ 42 billion , and remain at historically high levels in Auto , of over $ 11 billion . However , CCB loans were down 2 % reflecting continued elevated prepayments in mortgage and the impact of PPP forgiveness primarily offset by growth in Auto , up 12 % , and Card , up 1 % . In the Corporate & Investment Bank , Global IB fees were up 52 % driven by a surge in M & A activity and our strong performance in IPOs . Markets revenue was very strong overall and down just 5 % compared to a third quarter record last year , as continued normalization in Fixed Income offset a strong performance in Equities . Commercial Banking earned a record $ 1.3 billion of gross IB revenue reflecting the strength of the M & A market . CB loans were down 7 % , however , we are seeing early signs of Commercial Real Estate loan growth on modestly higher new loan originations in Commercial Term Lending . In Asset & Wealth Management , AUM of $ 3.0 trillion grew 17 % driven by higher asset values and strong net inflows , and loans continue to be strong , up 20 % primarily driven by securities - based lending . " " Net payout LTM¹ , 5 54 % Dimon concluded : " We are making important investments , including strategic , add - on acquisitions that will drive our firm's future prospects and position it to grow and prosper for decades . This quarter , we became the first bank to have branches in all of the lower 48 states , allowing us to serve more households , businesses and communities across the country . We are more than halfway through our plan to open 400 branches in new markets by the end of 2022 , with approximately 30 % of these branches in low to - moderate income communities . We are also expanding our retail presence internationally , most recently launching our digital retail bank in the U.K. We remain committed to using our resources to drive inclusive solutions to support our employees , customers , clients and the communities we serve . OPERATING LEVERAGE ■ 3Q21 expense of $ 17.1 billion ; reported overhead ratio of 58 % ; managed overhead ratio of 56 % SUPPORTED CONSUMERS , BUSINESSES & COMMUNITIES $ 2.4 trillion of credit and capital ' raised YTD ■ $ 238 billion of credit for consumers ■ ■ ■ Investor Contact : Reggie Chambers ( 212 ) 270-2479 Note : Totals may not sum due to rounding Percentage comparisons noted in the bullet points are for the third quarter of 2021 versus the prior - year third quarter , unless otherwise specified . $ 46 billion of credit and capital raised for nonprofit and U.S. government entities , including states , municipalities , hospitals and universities $ 11 billion of loans under the Small Business Administration's Paycheck Protection Program ( PPP ) YTD $ 15 billion of credit for U.S. small businesses $ 957 billion of credit for corporations $ 1.2 trillion of capital raised for corporate clients and non - U.S . government entities Media Contact : Trish Wexler ( 212 ) 270-5883