JPMorgan Chase & Co. (JPM) 8-K Jpmorgan Chase Reports Third-quarter 2017 Net Income of

EARNINGS RELEASE FINANCIAL SUPPLEMENT

THIRD QUARTER 2017

JPMORGAN CHASE & CO.
TABLE OF CONTENTS
		Page(s)
Consolidated Results
Consolidated Financial Highlights		2–3
Consolidated Statements of Income		4
Consolidated Balance Sheets		5
Condensed Average Balance Sheets and Annualized Yields		6
Reconciliation from Reported to Managed Basis		7
Segment Results - Managed Basis		8
Capital and Other Selected Balance Sheet Items		9
Earnings Per Share and Related Information		10
Business Segment Results
Consumer & Community Banking		11–14
Corporate & Investment Bank		15–17
Commercial Banking		18–19
Asset & Wealth Management		20–22
Corporate		23
Credit-Related Information		24–27
Non-GAAP Financial Measures and Key Performance Measures		28
Glossary of Terms and Acronyms (a)

(a) Refer to the Glossary of Terms and Acronyms on pages 279–285 of JPMorgan Chase & Co.’s (the “Firm’s”) Annual Report on Form 10-K for the year ended December 31, 2016 (the “2016 Annual Report”) and the Glossary of Terms and Acronyms and Line of Business Metrics on pages 168-172 and pages 173-175, respectively, of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2017.

JPMORGAN CHASE & CO.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(in millions, except per share and ratio data)
	QUARTERLY TRENDS																				NINE MONTHS ENDED SEPTEMBER 30,
																	3Q17 Change											2017 Change
SELECTED INCOME STATEMENT DATA	3Q17				2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017				2016			2016
Reported Basis
Total net revenue	$	25,326			$	25,470		$	24,675		$	23,376		$	24,673		(1	)%	3	%	$	75,471			$	72,292		4	%
Total noninterest expense	14,318				14,506			15,019			13,833			14,463			(1	)	(1	)	43,843				41,938			5
Pre-provision profit	11,008				10,964			9,656			9,543			10,210			—		8		31,628				30,354			4
Provision for credit losses	1,452				1,215			1,315			864			1,271			20		14		3,982				4,497			(11	)
NET INCOME	6,732				7,029			6,448			6,727			6,286			(4	)	7		20,209				18,006			12
Managed Basis (a)
Total net revenue	26,200				26,405			25,586			24,333			25,512			(1	)	3		78,191				74,809			5
Total noninterest expense	14,318				14,506			15,019			13,833			14,463			(1	)	(1	)	43,843				41,938			5
Pre-provision profit	11,882				11,899			10,567			10,500			11,049			—		8		34,348				32,871			4
Provision for credit losses	1,452				1,215			1,315			864			1,271			20		14		3,982				4,497			(11	)
NET INCOME	6,732				7,029			6,448			6,727			6,286			(4	)	7		20,209				18,006			12
EARNINGS PER SHARE DATA
Net income: Basic	$	1.77			$	1.83		$	1.66		$	1.73		$	1.60		(3	)	11		$	5.26			$	4.51		17
Diluted	1.76				1.82			1.65			1.71			1.58			(3	)	11		5.22				4.48			17
Average shares: Basic	3,534.7				3,574.1			3,601.7			3,611.3			3,637.7			(1	)	(3	)	3,570.9				3,674.6			(3	)
Diluted	3,559.6				3,599.0			3,630.4			3,646.6			3,669.8			(1	)	(3	)	3,597.0				3,704.5			(3	)
MARKET AND PER COMMON SHARE DATA
Market capitalization	$	331,393			$	321,633		$	312,078		$	307,295		$	238,277		3		39		$	331,393			$	238,277		39
Common shares at period-end	3,469.7				3,519.0			3,552.8			3,561.2			3,578.3			(1	)	(3	)	3,469.7				3,578.3			(3	)
Closing share price (b)	$	95.51			$	91.40		$	87.84		$	86.29		$	66.59		4		43		$	95.51			$	66.59		43
Book value per share	66.95				66.05			64.68			64.06			63.79			1		5		66.95				63.79			5
Tangible book value per share (“TBVPS”) (c)	54.03				53.29			52.04			51.44			51.23			1		5		54.03				51.23			5
Cash dividends declared per share	0.56			(f)	0.50			0.50			0.48			0.48			12		17		1.56				1.40			11
FINANCIAL RATIOS (d)
Return on common equity (“ROE”)	11		%		12		%	11		%	11		%	10		%					11		%		10		%
Return on tangible common equity (“ROTCE”) (c)	13				14			13			14			13							14				13
Return on assets	1.04				1.10			1.03			1.06			1.01							1.06				0.99
CAPITAL RATIOS (e)
Common equity Tier 1 (“CET1”) capital ratio	12.6		%	(g)	12.6		%	12.5		%	12.4		%	12.0		%					12.6		%	(g)	12.0		%
Tier 1 capital ratio	14.3			(g)	14.4			14.3			14.1			13.6							14.3			(g)	13.6
Total capital ratio	16.1			(g)	16.0			15.6			15.5			15.1							16.1			(g)	15.1
Tier 1 leverage ratio	8.4			(g)	8.5			8.4			8.4			8.5							8.4			(g)	8.5

(a) For a further discussion of managed basis, see Reconciliation from Reported to Managed Basis on page 7.

(b) Share price is from the New York Stock Exchange.

(c) TBVPS and ROTCE are non-GAAP financial measures. TBVPS represents tangible common equity (“TCE”) divided by common shares at period-end. ROTCE measures the Firm’s annualized earnings as a percentage of average TCE. TCE is also a non-GAAP financial measure; for a reconciliation of common stockholders’ equity to TCE, see page 9. For further discussion of these measures, see page 28.

(d) Quarterly ratios are based upon annualized amounts.

(e) Ratios presented are calculated under the Basel III Transitional capital rules and for the capital ratios represent the Collins Floor. See footnote (a) on page 9 for additional information on Basel III and the Collins Floor.

(f) On June 28, 2017, the Board of Directors increased the quarterly common stock dividend from $0.50 to $0.56 per share.

(g) Estimated.

Page 2

JPMORGAN CHASE & CO.
CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio and headcount data)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
SELECTED BALANCE SHEET DATA (period-end)
Total assets	$	2,563,074		$	2,563,174		$	2,546,290		$	2,490,972		$	2,521,029		—	%	2	%	$	2,563,074		$	2,521,029		2	%
Loans:
Consumer, excluding credit card loans	369,601			365,371			367,055			364,644			363,796			1		2		369,601			363,796			2
Credit card loans	141,313			140,141			135,016			141,816			133,435			1		6		141,313			133,435			6
Wholesale loans	402,847			403,255			393,903			388,305			390,823			—		3		402,847			390,823			3
Total Loans	913,761			908,767			895,974			894,765			888,054			1		3		913,761			888,054			3
Core loans (a)	843,432			834,935			812,119			806,152			795,077			1		6		843,432			795,077			6
Core loans (average) (a)	837,522			824,583			805,382			799,698			779,383			2		7		822,611			759,207			8
Deposits:
U.S. offices:
Noninterest-bearing	390,863			394,921			400,439			400,831			409,912			(1	)	(5	)	390,863			409,912			(5	)
Interest-bearing	783,233			781,709			775,258			737,949			722,294			—		8		783,233			722,294			8
Non-U.S. offices:
Noninterest-bearing	17,907			17,152			16,456			14,764			15,815			4		13		17,907			15,815			13
Interest-bearing	247,024			245,691			230,846			221,635			228,117			1		8		247,024			228,117			8
Total deposits	1,439,027			1,439,473			1,422,999			1,375,179			1,376,138			—		5		1,439,027			1,376,138			5
Long-term debt (b)	288,582			292,973			289,492			295,245			309,418			(1	)	(7	)	288,582			309,418			(7	)
Common stockholders’ equity	232,314			232,415			229,795			228,122			228,263			—		2		232,314			228,263			2
Total stockholders’ equity	258,382			258,483			255,863			254,190			254,331			—		2		258,382			254,331			2
Loans-to-deposits ratio	63		%	63		%	63		%	65		%	65		%					63		%	65		%
Headcount	251,503			249,257			246,345			243,355			242,315			1		4		251,503			242,315			4
95% CONFIDENCE LEVEL - TOTAL VaR
Average VaR (c)	$	30		$	27		$	25		$	40		$	43		11		(30	)
LINE OF BUSINESS NET REVENUE (d)
Consumer & Community Banking	$	12,033		$	11,412		$	10,970		$	11,019		$	11,328		5		6		$	34,415		$	33,896		2
Corporate & Investment Bank	8,590			8,889			9,536			8,461			9,455			(3	)	(9	)	27,015			26,755			1
Commercial Banking	2,146			2,088			2,018			1,963			1,870			3		15		6,252			5,490			14
Asset & Wealth Management	3,245			3,212			3,087			3,087			3,047			1		6		9,544			8,958			7
Corporate	186			804			(25		)	(197		)	(188		)	(77	)	NM		965			(290		)	NM
TOTAL NET REVENUE	$	26,200		$	26,405		$	25,586		$	24,333		$	25,512		(1	)	3		$	78,191		$	74,809		5
LINE OF BUSINESS NET INCOME
Consumer & Community Banking	$	2,553		$	2,223		$	1,988		$	2,364		$	2,204		15		16		$	6,764		$	7,350		(8	)
Corporate & Investment Bank	2,546			2,710			3,241			3,431			2,912			(6	)	(13	)	8,497			7,384			15
Commercial Banking	881			902			799			687			778			(2	)	13		2,582			1,970			31
Asset & Wealth Management	674			624			385			586			557			8		21		1,683			1,665			1
Corporate	78			570			35			(341		)	(165		)	(86	)	NM		683			(363		)	NM
NET INCOME	$	6,732		$	7,029		$	6,448		$	6,727		$	6,286		(4	)	7		$	20,209		$	18,006		12

(a) Loans considered central to the Firm’s ongoing businesses. For further discussion of core loans, see page 28.

(b) Included unsecured long-term debt of $221.7 billion, $221.0 billion, $212.0 billion, $212.6 billion and $226.8 billion for the periods ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively.

(c) The Firm refined the historical proxy time series inputs to certain VaR models during the first quarter of 2017. This refinement is intended to more appropriately reflect the risk exposure from certain asset-backed products. In the absence of this refinement, the average Total VaR would have been higher by the following amounts: $4 million, $6 million and $3 million for the three months ended September 30, 2017, June 30, 2017 and March 31, 2017, respectively. For information regarding CIB VaR, see page 17.

(d) For a further discussion of managed basis, see Reconciliation from Reported to Managed Basis on page 7.

Page 3

JPMORGAN CHASE & CO.
CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share and ratio data)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
REVENUE	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
Investment banking fees	$	1,843		$	1,810		$	1,817		$	1,605		$	1,866		2	%	(1	)%	$	5,470		$	4,843		13	%
Principal transactions	2,721			3,137			3,582			2,460			3,451			(13	)	(21	)	9,440			9,106			4
Lending- and deposit-related fees	1,497			1,482			1,448			1,484			1,484			1		1		4,427			4,290			3
Asset management, administration and commissions	3,846			3,824			3,677			3,689			3,597			1		7		11,347			10,902			4
Securities gains/(losses)	(1		)	(34		)	(3		)	5			64			97		NM		(38		)	136			NM
Mortgage fees and related income	429			404			406			511			624			6		(31	)	1,239			1,980			(37	)
Card income	1,242			1,167			914			918			1,202			6		3		3,323			3,861			(14	)
Other income	951			1,472			770			951			782			(35	)	22		3,193			2,844			12
Noninterest revenue	12,528			13,262			12,611			11,623			13,070			(6	)	(4	)	38,401			37,962			1
Interest income	16,687			15,650			15,042			14,466			14,070			7		19		47,379			41,435			14
Interest expense	3,889			3,442			2,978			2,713			2,467			13		58		10,309			7,105			45
Net interest income	12,798			12,208			12,064			11,753			11,603			5		10		37,070			34,330			8
TOTAL NET REVENUE	25,326			25,470			24,675			23,376			24,673			(1	)	3		75,471			72,292			4
Provision for credit losses	1,452			1,215			1,315			864			1,271			20		14		3,982			4,497			(11	)
NONINTEREST EXPENSE
Compensation expense	7,646			7,706			8,201			6,872			7,669			(1	)	—		23,553			23,107			2
Occupancy expense	930			912			961			957			899			2		3		2,803			2,681			5
Technology, communications and equipment expense	1,972			1,870			1,828			1,822			1,741			5		13		5,670			5,024			13
Professional and outside services	1,705			1,644			1,543			1,742			1,665			4		2		4,892			4,913			—
Marketing	710			756			713			697			825			(6	)	(14	)	2,179			2,200			(1	)
Other expense (a)	1,355			1,618			1,773			1,743			1,664			(16	)	(19	)	4,746			4,013			18
TOTAL NONINTEREST EXPENSE	14,318			14,506			15,019			13,833			14,463			(1	)	(1	)	43,843			41,938			5
Income before income tax expense	9,556			9,749			8,341			8,679			8,939			(2	)	7		27,646			25,857			7
Income tax expense	2,824			2,720			1,893			1,952			2,653			4		6		7,437			7,851			(5	)
NET INCOME	$	6,732		$	7,029		$	6,448		$	6,727		$	6,286		(4	)	7		$	20,209		$	18,006		12
NET INCOME PER COMMON SHARE DATA
Basic earnings per share	$	1.77		$	1.83		$	1.66		$	1.73		$	1.60		(3	)	11		$	5.26		$	4.51		17
Diluted earnings per share	1.76			1.82			1.65			1.71			1.58			(3	)	11		5.22			4.48			17
FINANCIAL RATIOS
Return on common equity (b)	11		%	12		%	11		%	11		%	10		%					11		%	10		%
Return on tangible common equity (b)(c)	13			14			13			14			13							14			13
Return on assets (b)	1.04			1.10			1.03			1.06			1.01							1.06			0.99
Effective income tax rate	29.6			27.9			22.7			22.5			29.7							26.9			30.4
Overhead ratio	57			57			61			59			59							58			58

(a) Included Firmwide legal expense/(benefit) of $(107) million, $61 million, $218 million, $230 million and $(71) million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively: and $172 million and $(547) million for the nine months ended September 30, 2017 and 2016, respectively.

(b) Quarterly ratios are based upon annualized amounts.

(c) For further discussion of ROTCE, see page 28.

Page 4

JPMORGAN CHASE & CO.
CONSOLIDATED BALANCE SHEETS
(in millions)
																Sep 30, 2017
																Change
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,		Sep 30,
	2017			2017			2017			2016			2016			2017		2016
ASSETS
Cash and due from banks	$	21,994		$	21,781		$	20,484		$	23,873		$	21,390		1	%	3	%
Deposits with banks	435,810			427,380			439,911			365,762			396,200			2		10
Federal funds sold and securities purchased under
resale agreements	185,454			218,570			190,566			229,967			232,637			(15	)	(20	)
Securities borrowed	101,680			90,654			92,309			96,409			109,197			12		(7	)
Trading assets:
Debt and equity instruments	362,158			350,558			346,450			308,052			309,258			3		17
Derivative receivables	58,260			56,506			56,063			64,078			65,579			3		(11	)
Securities	263,288			263,458			281,850			289,059			272,401			—		(3	)
Loans	913,761			908,767			895,974			894,765			888,054			1		3
Less: Allowance for loan losses	13,539			13,363			13,413			13,776			14,204			1		(5	)
Loans, net of allowance for loan losses	900,222			895,404			882,561			880,989			873,850			1		3
Accrued interest and accounts receivable	61,757			64,038			60,038			52,330			64,333			(4	)	(4	)
Premises and equipment	14,218			14,206			14,227			14,131			14,208			—		—
Goodwill	47,309			47,300			47,292			47,288			47,302			—		—
Mortgage servicing rights	5,738			5,753			6,079			6,096			4,937			—		16
Other intangible assets	808			827			847			862			887			(2	)	(9	)
Other assets	104,378			106,739			107,613			112,076			108,850			(2	)	(4	)
TOTAL ASSETS	$	2,563,074		$	2,563,174		$	2,546,290		$	2,490,972		$	2,521,029		—		2
LIABILITIES
Deposits	$	1,439,027		$	1,439,473		$	1,422,999		$	1,375,179		$	1,376,138		—		5
Federal funds purchased and securities loaned or sold
under repurchase agreements	169,393			165,621			183,316			165,666			168,491			2		1
Commercial paper	24,248			22,207			14,908			11,738			12,258			9		98
Other borrowed funds	29,719			30,936			24,342			22,705			24,479			(4	)	21
Trading liabilities:
Debt and equity instruments	89,089			91,628			90,913			87,428			95,126			(3	)	(6	)
Derivative payables	39,446			41,795			44,575			49,231			48,143			(6	)	(18	)
Accounts payable and other liabilities	196,764			189,160			183,200			190,543			190,412			4		3
Beneficial interests issued by consolidated VIEs	28,424			30,898			36,682			39,047			42,233			(8	)	(33	)
Long-term debt	288,582			292,973			289,492			295,245			309,418			(1	)	(7	)
TOTAL LIABILITIES	2,304,692			2,304,691			2,290,427			2,236,782			2,266,698			—		2
STOCKHOLDERS’ EQUITY
Preferred stock	26,068			26,068			26,068			26,068			26,068			—		—
Common stock	4,105			4,105			4,105			4,105			4,105			—		—
Additional paid-in capital	90,697			90,604			90,395			91,627			92,103			—		(2	)
Retained earnings	175,827			171,488			166,663			162,440			157,870			3		11
Accumulated other comprehensive income/(loss)	(309		)	(392		)	(923		)	(1,175		)	1,474			21		NM
Shares held in RSU Trust, at cost	(21		)	(21		)	(21		)	(21		)	(21		)	—		—
Treasury stock, at cost	(37,985		)	(33,369		)	(30,424		)	(28,854		)	(27,268		)	(14	)	(39	)
TOTAL STOCKHOLDERS’ EQUITY	258,382			258,483			255,863			254,190			254,331			—		2
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,563,074		$	2,563,174		$	2,546,290		$	2,490,972		$	2,521,029		—		2

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JPMORGAN CHASE & CO.
CONDENSED AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS
(in millions, except rates)
	QUARTERLY TRENDS																							NINE MONTHS ENDED SEPTEMBER 30,
																				3Q17 Change												2017 Change
AVERAGE BALANCES	3Q17			2Q17				1Q17				4Q16				3Q16				2Q17		3Q16		2017				2016				2016
ASSETS
Deposits with banks	$	455,255		$	437,637			$	422,169			$	415,817			$	409,176			4	%	11	%	$	438,475			$	384,217			14	%
Federal funds sold and securities purchased under
resale agreements	188,594			193,302				196,965				217,907				196,657				(2	)	(4	)	192,922				201,157				(4	)
Securities borrowed	95,597			90,151				95,372				103,928				102,790				6		(7	)	93,708				102,640				(9	)
Trading assets - debt instruments	240,876			234,809				225,801				218,272				219,816				3		10		233,884				214,656				9
Securities	261,117			274,695				285,565				280,087				272,993				(5	)	(4	)	273,703				279,152				(2	)
Loans	909,580			904,969				891,904				890,511				874,396				1		4		902,216				858,275				5
Other assets (a)	43,155			41,546				43,136				39,025				40,665				4		6		42,612				40,036				6
Total interest-earning assets	2,194,174			2,177,109				2,160,912				2,165,547				2,116,493				1		4		2,177,520				2,080,133				5
Trading assets - equity instruments	119,463			126,127				115,284				98,427				98,714				(5	)	21		120,307				94,555				27
Trading assets - derivative receivables	59,839			58,250				61,400				70,580				72,520				3		(17	)	59,824				71,004				(16	)
All other noninterest-earning assets	195,755			197,750				195,566				197,903				189,235				(1	)	3		196,358				192,142				2
TOTAL ASSETS	$	2,569,231		$	2,559,236			$	2,533,162			$	2,532,457			$	2,476,962			—		4		$	2,554,009			$	2,437,834			5
LIABILITIES
Interest-bearing deposits	$	1,029,534		$	1,006,008			$	986,015			$	959,779			$	932,738			2		10		$	1,007,345			$	913,682			10
Federal funds purchased and securities loaned or
sold under repurchase agreements	181,851			196,331				189,611				186,579				180,098				(7	)	1		189,236				176,081				7
Commercial paper	23,022			19,466				13,364				11,263				13,798				18		67		18,653				16,257				15
Trading liabilities - debt, short-term and other liabilities (b)	198,674			197,066				199,981				202,979				196,247				1		1		198,569				197,537				1
Beneficial interests issued by consolidated VIEs	29,832			34,083				38,775				39,985				42,462				(12	)	(30	)	34,197				40,245				(15	)
Long-term debt	294,626			295,868				292,224				301,989				300,295				—		(2	)	294,248				293,418				—
Total interest-bearing liabilities	1,757,539			1,748,822				1,719,970				1,702,574				1,665,638				—		6		1,742,248				1,637,220				6
Noninterest-bearing deposits	401,489			404,121				405,548				414,266				405,237				(1	)	(1	)	403,704				398,814				1
Trading liabilities - equity instruments	20,905			19,346				21,072				21,411				22,262				8		(6	)	20,441				20,511				—
Trading liabilities - derivative payables	44,627			44,740				48,373				54,548				54,552				—		(18	)	45,900				56,390				(19	)
All other noninterest-bearing liabilities	86,742			85,939				84,428				87,180				77,116				1		12		85,711				74,797				15
TOTAL LIABILITIES	2,311,302			2,302,968				2,279,391				2,279,979				2,224,805				—		4		2,298,004				2,187,732				5
Preferred stock	26,068			26,068				26,068				26,068				26,068				—		—		26,068				26,068				—
Common stockholders’ equity	231,861			230,200				227,703				226,410				226,089				1		3		229,937				224,034				3
TOTAL STOCKHOLDERS’ EQUITY	257,929			256,268				253,771				252,478				252,157				1		2		256,005				250,102				2
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,569,231		$	2,559,236			$	2,533,162			$	2,532,457			$	2,476,962			—		4		$	2,554,009			$	2,437,834			5
AVERAGE RATES (c)
INTEREST-EARNING ASSETS
Deposits with banks	1.09		%	0.92			%	0.69			%	0.47			%	0.44			%					0.91			%	0.48			%
Federal funds sold and securities purchased under
resale agreements	1.31			1.10				1.08				1.04				1.14								1.16				1.13
Securities borrowed (d)	—			(0.09		)		(0.19		)		(0.20		)		(0.35		)						(0.09		)		(0.36		)
Trading assets - debt instruments	3.25			3.13				3.38				3.40				3.46								3.25				3.43
Securities	3.10			3.11				3.01				2.87				2.95								3.07				2.96
Loans	4.62			4.46				4.47				4.30				4.23								4.52				4.24
Other assets (a)	4.83			4.28				3.21				2.57				2.14								4.11				2.08
Total interest-earning assets	3.07			2.95				2.88				2.71				2.70								2.97				2.72
INTEREST-BEARING LIABILITIES
Interest-bearing deposits	0.32			0.25				0.20				0.16				0.15								0.26				0.14
Federal funds purchased and securities loaned or
sold under repurchase agreements	0.98			0.79				0.63				0.56				0.63								0.80				0.63
Commercial paper	1.43			1.29				1.22				1.09				0.97								1.33				0.86
Trading liabilities - debt, short-term and other liabilities (b)	1.27			1.12				0.89				0.67				0.58								1.09				0.56
Beneficial interests issued by consolidated VIEs	1.62			1.51				1.41				1.37				1.26								1.51				1.22
Long-term debt	2.37			2.29				2.21				2.06				1.84								2.29				1.82
Total interest-bearing liabilities	0.88			0.79				0.70				0.63				0.59								0.79				0.58
INTEREST RATE SPREAD	2.19		%	2.16			%	2.18			%	2.08			%	2.11			%					2.18			%	2.14			%
NET YIELD ON INTEREST-EARNING ASSETS	2.37		%	2.31			%	2.33			%	2.22			%	2.24			%					2.34			%	2.26			%

(a) Includes margin loans.

(b) Includes brokerage customer payables.

(c) Interest includes the effect of related hedging derivatives. Taxable-equivalent amounts are used where applicable.

(d) Negative yield is related to client-driven demand for certain securities combined with the impact of low interest rates; this is matched book activity and the negative interest expense on the corresponding securities loaned is recognized in interest expense and reported within trading liabilities - debt, short-term and other liabilities.

Page 6

JPMORGAN CHASE & CO.
RECONCILIATION FROM REPORTED TO MANAGED BASIS
(in millions, except ratios)

The Firm prepares its Consolidated Financial Statements using accounting principles generally accepted in the U.S. (“U.S. GAAP”). That presentation, which is referred to as “reported” basis, provides the reader with an understanding of the Firm’s results that can be tracked consistently from year-to-year and enables a comparison of the Firm’s performance with other companies’ U.S. GAAP financial statements. In addition to analyzing the Firm’s results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a “managed” basis; these Firmwide managed basis results are considered non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. For additional information on managed basis, refer to the notes on Non-GAAP Financial Measures on page 28.

The following summary table provides a reconciliation from reported U.S. GAAP results to managed basis.

	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
OTHER INCOME
Other income - reported	$	951		$	1,472		$	770		$	951		$	782		(35	)%	22	%	$	3,193		$	2,844		12	%
Fully taxable-equivalent adjustments (a)	555			596			582			645			540			(7	)	3		1,733			1,620			7
Other income - managed	$	1,506		$	2,068		$	1,352		$	1,596		$	1,322		(27	)	14		$	4,926		$	4,464		10
TOTAL NONINTEREST REVENUE
Total noninterest revenue - reported	$	12,528		$	13,262		$	12,611		$	11,623		$	13,070		(6	)	(4	)	$	38,401		$	37,962		1
Fully taxable-equivalent adjustments (a)	555			596			582			645			540			(7	)	3		1,733			1,620			7
Total noninterest revenue - managed	$	13,083		$	13,858		$	13,193		$	12,268		$	13,610		(6	)	(4	)	$	40,134		$	39,582		1
NET INTEREST INCOME
Net interest income - reported	$	12,798		$	12,208		$	12,064		$	11,753		$	11,603		5		10		$	37,070		$	34,330		8
Fully taxable-equivalent adjustments (a)	319			339			329			312			299			(6	)	7		987			897			10
Net interest income - managed	$	13,117		$	12,547		$	12,393		$	12,065		$	11,902		5		10		$	38,057		$	35,227		8
TOTAL NET REVENUE
Total net revenue - reported	$	25,326		$	25,470		$	24,675		$	23,376		$	24,673		(1	)	3		$	75,471		$	72,292		4
Fully taxable-equivalent adjustments (a)	874			935			911			957			839			(7	)	4		2,720			2,517			8
Total net revenue - managed	$	26,200		$	26,405		$	25,586		$	24,333		$	25,512		(1	)	3		$	78,191		$	74,809		5
PRE-PROVISION PROFIT
Pre-provision profit - reported	$	11,008		$	10,964		$	9,656		$	9,543		$	10,210		—		8		$	31,628		$	30,354		4
Fully taxable-equivalent adjustments (a)	874			935			911			957			839			(7	)	4		2,720			2,517			8
Pre-provision profit - managed	$	11,882		$	11,899		$	10,567		$	10,500		$	11,049		—		8		$	34,348		$	32,871		4
INCOME BEFORE INCOME TAX EXPENSE
Income before income tax expense - reported	$	9,556		$	9,749		$	8,341		$	8,679		$	8,939		(2	)	7		$	27,646		$	25,857		7
Fully taxable-equivalent adjustments (a)	874			935			911			957			839			(7	)	4		2,720			2,517			8
Income before income tax expense - managed	$	10,430		$	10,684		$	9,252		$	9,636		$	9,778		(2	)	7		$	30,366		$	28,374		7
INCOME TAX EXPENSE
Income tax expense - reported	$	2,824		$	2,720		$	1,893		$	1,952		$	2,653		4		6		$	7,437		$	7,851		(5	)
Fully taxable-equivalent adjustments (a)	874			935			911			957			839			(7	)	4		2,720			2,517			8
Income tax expense - managed	$	3,698		$	3,655		$	2,804		$	2,909		$	3,492		1		6		$	10,157		$	10,368		(2	)
OVERHEAD RATIO
Overhead ratio - reported	57		%	57		%	61		%	59		%	59		%					58		%	58		%
Overhead ratio - managed	55			55			59			57			57							56			56

(a) Predominantly recognized in the CIB and Commercial Banking (“CB”) business segments and Corporate.

Page 7

JPMORGAN CHASE & CO.
SEGMENT RESULTS - MANAGED BASIS
(in millions)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
TOTAL NET REVENUE (fully taxable-equivalent (“FTE”))
Consumer & Community Banking	$	12,033		$	11,412		$	10,970		$	11,019		$	11,328		5	%	6	%	$	34,415		$	33,896		2	%
Corporate & Investment Bank	8,590			8,889			9,536			8,461			9,455			(3	)	(9	)	27,015			26,755			1
Commercial Banking	2,146			2,088			2,018			1,963			1,870			3		15		6,252			5,490			14
Asset & Wealth Management	3,245			3,212			3,087			3,087			3,047			1		6		9,544			8,958			7
Corporate	186			804			(25		)	(197		)	(188		)	(77	)	NM		965			(290		)	NM
TOTAL NET REVENUE	$	26,200		$	26,405		$	25,586		$	24,333		$	25,512		(1	)	3		$	78,191		$	74,809		5
TOTAL NONINTEREST EXPENSE
Consumer & Community Banking	$	6,495		$	6,500		$	6,395		$	6,303		$	6,510		—		—		$	19,390		$	18,602		4
Corporate & Investment Bank	4,768			4,841			5,121			4,172			4,934			(2	)	(3	)	14,730			14,820			(1	)
Commercial Banking	800			790			825			744			746			1		7		2,415			2,190			10
Asset & Wealth Management	2,181			2,192			2,580			2,175			2,130			(1	)	2		6,953			6,303			10
Corporate	74			183			98			439			143			(60	)	(48	)	355			23			NM
TOTAL NONINTEREST EXPENSE	$	14,318		$	14,506		$	15,019		$	13,833		$	14,463		(1	)	(1	)	$	43,843		$	41,938		5
PRE-PROVISION PROFIT/(LOSS)
Consumer & Community Banking	$	5,538		$	4,912		$	4,575		$	4,716		$	4,818		13		15		$	15,025		$	15,294		(2	)
Corporate & Investment Bank	3,822			4,048			4,415			4,289			4,521			(6	)	(15	)	12,285			11,935			3
Commercial Banking	1,346			1,298			1,193			1,219			1,124			4		20		3,837			3,300			16
Asset & Wealth Management	1,064			1,020			507			912			917			4		16		2,591			2,655			(2	)
Corporate	112			621			(123		)	(636		)	(331		)	(82	)	NM		610			(313		)	NM
PRE-PROVISION PROFIT	$	11,882		$	11,899		$	10,567		$	10,500		$	11,049		—		8		$	34,348		$	32,871		4
PROVISION FOR CREDIT LOSSES
Consumer & Community Banking	$	1,517		$	1,394		$	1,430		$	949		$	1,294		9		17		$	4,341		$	3,545		22
Corporate & Investment Bank	(26		)	(53		)	(96		)	(198		)	67			51		NM		(175		)	761			NM
Commercial Banking	(47		)	(130		)	(37		)	124			(121		)	64		61		(214		)	158			NM
Asset & Wealth Management	8			4			18			(11		)	32			100		(75	)	30			37			(19	)
Corporate	—			—			—			—			(1		)	—		100		—			(4		)	100
PROVISION FOR CREDIT LOSSES	$	1,452		$	1,215		$	1,315		$	864		$	1,271		20		14		$	3,982		$	4,497		(11	)
NET INCOME/(LOSS)
Consumer & Community Banking	$	2,553		$	2,223		$	1,988		$	2,364		$	2,204		15		16		$	6,764		$	7,350		(8	)
Corporate & Investment Bank	2,546			2,710			3,241			3,431			2,912			(6	)	(13	)	8,497			7,384			15
Commercial Banking	881			902			799			687			778			(2	)	13		2,582			1,970			31
Asset & Wealth Management	674			624			385			586			557			8		21		1,683			1,665			1
Corporate	78			570			35			(341		)	(165		)	(86	)	NM		683			(363		)	NM
TOTAL NET INCOME	$	6,732		$	7,029		$	6,448		$	6,727		$	6,286		(4	)	7		$	20,209		$	18,006		12

Page 8

JPMORGAN CHASE & CO.
CAPITAL AND OTHER SELECTED BALANCE SHEET ITEMS
(in millions, except ratio data)
																			Sep 30, 2017
																			Change				NINE MONTHS ENDED SEPTEMBER 30,
	Sep 30,				Jun 30,				Mar 31,			Dec 31,			Sep 30,				Jun 30,		Sep 30,						2017 Change
	2017				2017				2017			2016			2016				2017		2016		2017		2016		2016
CAPITAL (a)
Risk-based capital metrics
Standardized Transitional
CET1 capital	$	187,061		(f)	$	186,942			$	184,337		$	182,967		$	181,606			—	%	3	%
Tier 1 capital	212,298			(f)	212,353				209,653			208,112			206,430				—		3
Total capital	242,948			(f)	243,061				240,222			239,553			241,004				—		1
Risk-weighted assets	1,486,433			(f)	1,478,816				1,468,931			1,464,981			1,480,291				1		—
CET1 capital ratio	12.6		%	(f)	12.6		%		12.5		%	12.5		%	12.3		%
Tier 1 capital ratio	14.3			(f)	14.4				14.3			14.2			13.9
Total capital ratio	16.3			(f)	16.4				16.4			16.4			16.3
Advanced Transitional
CET1 capital	$	187,061		(f)	186,942				184,337			182,967			181,606				—		3
Tier 1 capital	212,298			(f)	212,353				209,653			208,112			206,430				—		3
Total capital	232,599			(f)	233,345				229,436			228,592			229,324				—		1
Risk-weighted assets	1,449,048			(f)	1,459,196				1,467,992			1,476,915			1,515,177				(1	)	(4	)
CET1 capital ratio	12.9		%	(f)	12.8		%		12.6		%	12.4		%	12.0		%
Tier 1 capital ratio	14.7			(f)	14.6				14.3			14.1			13.6
Total capital ratio	16.1			(f)	16.0				15.6			15.5			15.1
Leverage-based capital metrics
Adjusted average assets (b)	$	2,521,890		(f)	$	2,512,120			$	2,486,114		$	2,484,631		$	2,427,423			—		4
Tier 1 leverage ratio	8.4		%	(f)	8.5		%		8.4		%	8.4		%	8.5		%
SLR leverage exposure (c)	$	3,210,599		(f)	$	3,193,072			3,171,822			3,191,990			3,140,733				1		2
SLR (c)	6.6		%	(f)	6.7		%		6.6		%	6.5		%	6.6		%
TANGIBLE COMMON EQUITY (period-end) (d)																		��
Common stockholders’ equity	$	232,314			$	232,415			$	229,795		$	228,122		$	228,263			—		2
Less: Goodwill	47,309				47,300				47,292			47,288			47,302				—		—
Less: Other intangible assets	808				827				847			862			887				(2	)	(9	)
Add: Deferred tax liabilities (e)	3,271				3,252				3,225			3,230			3,232				1		1
Total tangible common equity	$	187,468			$	187,540			$	184,881		$	183,202		$	183,306			—		2
TANGIBLE COMMON EQUITY (average) (d)
Common stockholders’ equity	$	231,861			$	230,200			$	227,703		$	226,410		$	226,089			1		3		$	229,937	$	224,034	3	%
Less: Goodwill	47,309				47,290				47,293			47,296			47,302				—		—		47,297		47,314		—
Less: Other intangible assets	818				838				853			873			903				(2	)	(9	)	836		938		(11	)
Add: Deferred tax liabilities (e)	3,262				3,239				3,228			3,231			3,226				1		1		3,243		3,205		1
Total tangible common equity	$	186,996			$	185,311			$	182,785		$	181,472		$	181,110			1		3		$	185,047	$	178,987	3
INTANGIBLE ASSETS (period-end)
Goodwill	$	47,309			$	47,300			$	47,292		$	47,288		$	47,302			—		—
Mortgage servicing rights	5,738				5,753				6,079			6,096			4,937				—		16
Other intangible assets	808				827				847			862			887				(2	)	(9	)
Total intangible assets	$	53,855			$	53,880			$	54,218		$	54,246		$	53,126			—		1

(a) Basel III sets forth two comprehensive methodologies for calculating risk-weighted assets: a Standardized approach and an Advanced approach. As required by the Collins Amendment of the Dodd-Frank Act, the capital adequacy of the Firm is evaluated against the Basel III approach (Standardized or Advanced) that results, for each quarter, in the lower ratio (the “Collins Floor”). For further discussion of the implementation of Basel III, see Capital Risk Management on pages 76-85 of the 2016 Annual Report, and on pages 42–48 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2017.

(b) Adjusted average assets, for purposes of calculating leverage ratios, includes total quarterly average assets adjusted for on balance sheet assets that are subject to deduction from Tier 1 capital, predominantly goodwill and other intangible assets.

(c) The supplementary leverage ratio (“SLR”) under Basel III is defined as Tier 1 capital divided by the Firm’s total leverage exposure. Total leverage exposure is calculated by taking the Firm’s adjusted average assets as calculated for the Tier 1 leverage ratio, and adding certain off-balance sheet exposures, such as undrawn commitments and derivatives potential future exposure.

(d) For further discussion of TCE, see page 28.

(e) Represents deferred tax liabilities related to tax-deductible goodwill and to identifiable intangibles created in non-taxable transactions, which are netted against goodwill and other intangibles when calculating TCE.

(f) Estimated.

Page 9

JPMORGAN CHASE & CO.
EARNINGS PER SHARE AND RELATED INFORMATION
(in millions, except per share and ratio data)
	QUARTERLY TRENDS																				NINE MONTHS ENDED SEPTEMBER 30,
																	3Q17 Change										2017 Change
	3Q17				2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
EARNINGS PER SHARE
Basic earnings per share
Net income	$	6,732			$	7,029		$	6,448		$	6,727		$	6,286		(4	)%	7	%	$	20,209		$	18,006		12	%
Less: Preferred stock dividends	412				411			412			412			412			—		—		1,235			1,235			—
Net income applicable to common equity	6,320				6,618			6,036			6,315			5,874			(5	)	8		18,974			16,771			13
Less: Dividends and undistributed earnings allocated to
participating securities	58				63			61			65			62			(8	)	(6	)	188			187			1
Net income applicable to common stockholders	$	6,262			$	6,555		$	5,975		$	6,250		$	5,812		(4	)	8		$	18,786		$	16,584		13
Total weighted-average basic shares outstanding	3,534.7				3,574.1			3,601.7			3,611.3			3,637.7			(1	)	(3	)	3,570.9			3,674.6			(3	)
Net income per share	$	1.77			$	1.83		$	1.66		$	1.73		$	1.60		(3	)	11		$	5.26		$	4.51		17
Diluted earnings per share
Net income applicable to common stockholders	$	6,262			$	6,555		$	5,975		$	6,250		$	5,812		(4	)	8		$	18,786		$	16,584		13
Total weighted-average basic shares outstanding	3,534.7				3,574.1			3,601.7			3,611.3			3,637.7			(1	)	(3	)	3,570.9			3,674.6			(3	)
Add: Employee stock options, stock appreciation rights (“SARs”), warrants and performance share units (“PSUs”)	24.9				24.9			28.7			35.3			32.1			—		(22	)	26.1			29.9			(13	)
Total weighted-average diluted shares outstanding	3,559.6				3,599.0			3,630.4			3,646.6			3,669.8			(1	)	(3	)	3,597.0			3,704.5			(3	)
Net income per share	$	1.76			$	1.82		$	1.65		$	1.71		$	1.58		(3	)	11		$	5.22		$	4.48		17
COMMON DIVIDENDS
Cash dividends declared per share	$	0.56		(c)	$	0.50		$	0.50		$	0.48		$	0.48		12		17		$	1.56		$	1.40		11
Dividend payout ratio	31		%		27		%	30		%	28		%	30		%					29		%	31		%
COMMON EQUITY REPURCHASE PROGRAM (a)
Total shares of common stock repurchased	51.7				35.0			32.1			29.8			35.6			48		45		118.8			110.6			7
Average price paid per share of common stock	$	92.02			$	86.05		$	88.14		$	75.56		$	64.46		7		43		$	89.22		$	61.75		44
Aggregate repurchases of common equity	4,763				3,007			2,832			2,251			2,295			58		108		10,602			6,831			55
EMPLOYEE ISSUANCE
Shares issued from treasury stock related to employee
stock-based compensation awards and employee stock
purchase plans	0.9				0.9			21.0			2.3			1.3			—		(31	)	22.8			24.8			(8	)
Net impact of employee issuances on stockholders’ equity (b)	$	238			$	270		$	29		$	164		$	226		(12	)	5		$	537		$	842		(36	)

(a) On June 28, 2017, the Firm announced, that it is authorized to repurchase up to $19.4 billion of common equity between July 1, 2017 and June 30, 2018, under a new equity repurchase program authorized by the Board of Directors.

(b) The net impact of employee issuances on stockholders’ equity is driven by the cost of equity compensation awards that is recognized over the applicable vesting periods. The cost is partially offset by tax impacts related to the distribution of shares and the exercise of employee stock options and SARs.

(c) On June 28, 2017, the Board of Directors increased the quarterly common stock dividend from $0.50 to $0.56 per share.

Page 10

JPMORGAN CHASE & CO.
CONSUMER & COMMUNITY BANKING
FINANCIAL HIGHLIGHTS
(in millions, except ratio data)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
INCOME STATEMENT
REVENUE
Lending- and deposit-related fees	$	885		$	850		$	812		$	841		$	841		4	%	5	%	$	2,547		$	2,390		7	%
Asset management, administration and commissions	543			562			539			497			531			(3	)	2		1,644			1,596			3
Mortgage fees and related income	428			401			406			510			624			7		(31	)	1,235			1,980			(38	)
Card income	1,141			1,061			817			821			1,099			8		4		3,019			3,543			(15	)
All other income	901			810			743			774			773			11		17		2,454			2,303			7
Noninterest revenue	3,898			3,684			3,317			3,443			3,868			6		1		10,899			11,812			(8	)
Net interest income	8,135			7,728			7,653			7,576			7,460			5		9		23,516			22,084			6
TOTAL NET REVENUE	12,033			11,412			10,970			11,019			11,328			5		6		34,415			33,896			2
Provision for credit losses	1,517			1,394			1,430			949			1,294			9		17		4,341			3,545			22
NONINTEREST EXPENSE
Compensation expense	2,554			2,511			2,533			2,468			2,453			2		4		7,598			7,255			5
Noncompensation expense (a)	3,941			3,989			3,862			3,835			4,057			(1	)	(3	)	11,792			11,347			4
TOTAL NONINTEREST EXPENSE	6,495			6,500			6,395			6,303			6,510			—		—		19,390			18,602			4
Income before income tax expense	4,021			3,518			3,145			3,767			3,524			14		14		10,684			11,749			(9	)
Income tax expense	1,468			1,295			1,157			1,403			1,320			13		11		3,920			4,399			(11	)
NET INCOME	$	2,553		$	2,223		$	1,988		$	2,364		$	2,204		15		16		$	6,764		$	7,350		(8	)
REVENUE BY LINE OF BUSINESS
Consumer & Business Banking	$	5,408		$	5,233		$	4,906		$	4,774		$	4,719		3		15		$	15,547		$	13,885		12
Mortgage Banking	1,558			1,426			1,529			1,690			1,874			9		(17	)	4,513			5,671			(20	)
Card, Commerce Solutions & Auto	5,067			4,753			4,535			4,555			4,735			7		7		14,355			14,340			—
MORTGAGE FEES AND RELATED INCOME DETAILS:
Net production revenue	158			152			141			183			247			4		(36	)	451			670			(33	)
Net mortgage servicing revenue (b)	270			249			265			327			377			8		(28	)	784			1,310			(40	)
Mortgage fees and related income	$	428		$	401		$	406		$	510		$	624		7		(31	)	$	1,235		$	1,980		(38	)
FINANCIAL RATIOS
ROE	19		%	17		%	15		%	17		%	16		%					17		%	18		%
Overhead ratio	54			57			58			57			57							56			55

(a) Included operating lease depreciation expense of $688 million, $638 million, $599 million, $549 million and $504 million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, and $1.9 billion and $1.4 billion for the nine months ended September 30, 2017 and 2016, respectively.

(b) Included MSR risk management of $(23) million, $(57) million, $(52) million, $(23) million and $38 million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, and $(132) million and $240 million for the nine months ended September 30, 2017 and 2016, respectively.

Page 11

JPMORGAN CHASE & CO.
CONSUMER & COMMUNITY BANKING
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except headcount data)
	QUARTERLY TRENDS														NINE MONTHS ENDED SEPTEMBER 30,
											3Q17 Change								2017 Change
	3Q17		2Q17		1Q17		4Q16		3Q16		2Q17		3Q16		2017		2016		2016
SELECTED BALANCE SHEET DATA (period-end)
Total assets	$	537,459	$	529,859	$	524,770	$	535,310	$	521,276	1	%	3	%	$	537,459	$	521,276	3	%
Loans:
Consumer & Business Banking	25,275		25,044		24,386		24,307		23,846		1		6		25,275		23,846		6
Home equity	44,542		46,330		48,234		50,296		52,445		(4	)	(15	)	44,542		52,445		(15	)
Residential mortgage	195,134		189,661		185,114		181,196		181,564		3		7		195,134		181,564		7
Mortgage Banking	239,676		235,991		233,348		231,492		234,009		2		2		239,676		234,009		2
Credit Card	141,313		140,141		135,016		141,816		133,435		1		6		141,313		133,435		6
Auto	65,102		65,627		65,568		65,814		64,512		(1	)	1		65,102		64,512		1
Student	47		75		6,253		7,057		7,354		(37	)	(99	)	47		7,354		(99	)
Total loans	471,413		466,878		464,571		470,486		463,156		1		2		471,413		463,156		2
Core loans	401,648		393,639		381,393		382,608		371,060		2		8		401,648		371,060		8
Deposits	653,460		648,369		646,962		618,337		605,117		1		8		653,460		605,117		8
Equity	51,000		51,000		51,000		51,000		51,000		—		—		51,000		51,000		—
SELECTED BALANCE SHEET DATA (average)
Total assets	$	531,959	$	528,598	$	532,098	$	527,684	$	521,882	1		2		$	530,884	$	512,550	4
Loans:
Consumer & Business Banking	25,166		24,725		24,359		24,040		23,678		2		6		24,753		23,227		7
Home equity	45,424		47,339		49,278		51,393		53,501		(4	)	(15	)	47,333		55,604		(15	)
Residential mortgage	192,805		187,201		183,756		182,820		180,669		3		7		187,954		175,059		7
Mortgage Banking	238,229		234,540		233,034		234,213		234,170		2		2		235,287		230,663		2
Credit Card	141,172		138,132		137,211		136,181		132,713		2		6		138,852		129,481		7
Auto	65,175		65,474		65,315		65,286		64,068		—		2		65,321		62,998		4
Student	58		4,642		6,916		7,217		7,490		(99	)	(99	)	3,847		7,759		(50	)
Total loans	469,800		467,513		466,835		466,937		462,119		—		2		468,060		454,128		3
Core loans	398,319		387,783		381,016		376,933		367,999		3		8		389,103		356,072		9
Deposits	645,732		639,873		622,915		607,175		593,671		1		9		636,257		579,741		10
Equity	51,000		51,000		51,000		51,000		51,000		—		—		51,000		51,000		—
Headcount	134,553		135,453		133,590		132,802		132,092		(1	)	2		134,553		132,092		2

Note: In the first quarter of 2017, the Firm transferred the student loan portfolio to held-for-sale. Net charge-offs related to the portfolio predominantly reflect a write-down of the portfolio to the estimated fair value at the time of the transfer. This transfer impacted certain loan and credit-related metrics disclosed on pages 12-13 and 24-27.

Page 12

JPMORGAN CHASE & CO.
CONSUMER & COMMUNITY BANKING
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data)	QUARTERLY TRENDS																					NINE MONTHS ENDED SEPTEMBER 30,
																		3Q17 Change											2017 Change
	3Q17				2Q17				1Q17			4Q16			3Q16			2Q17		3Q16		2017				2016			2016
CREDIT DATA AND QUALITY STATISTICS
Nonaccrual loans (a)(b)	$	4,068			$	4,124			$	4,442		$	4,708		$	4,853		(1	)%	(16	)%	$	4,068			$	4,853		(16	)%
Net charge-offs/(recoveries) (c)(d)
Consumer & Business Banking	71				56				57			77			71			27		—		184				180			2
Home equity	13				7				47			48			42			86		(69	)	67				136			(51	)
Residential mortgage	(2		)		(4		)		3			3			7			50		NM		(3		)		11			NM
Mortgage Banking	11				3				50			51			49			267		(78	)	64				147			(56	)
Credit Card	1,019				1,037				993			914			838			(2	)	22		3,049				2,528			21
Auto	116				48				81			93			79			142		47		245				192			28
Student	—				—				498		(i)	64			32			NM		NM		498			(i)	98			408
Total net charge-offs/(recoveries)	$	1,217			$	1,144			$	1,679	(i)	$	1,199		$	1,069		6		14		$	4,040		(i)	$	3,145		28
Net charge-off/(recovery) rate (c)(d)
Consumer & Business Banking	1.12			%	0.91			%	0.95		%	1.27		%	1.19		%					0.99			%	1.04		%
Home equity (e)	0.15				0.08				0.52			0.50			0.42							0.25				0.44
Residential mortgage (e)	—				(0.01		)		0.01			0.01			0.02							—				0.01
Mortgage Banking (e)	0.02				0.01				0.10			0.10			0.10							0.04				0.10
Credit Card	2.87				3.01				2.94			2.67			2.51							2.94				2.61
Auto	0.71				0.29				0.50			0.57			0.49							0.50				0.41
Student	—				—				NM			3.53			1.70							NM				1.69
Total net charge-off/(recovery) rate (e)	1.10				1.07				1.58		(i)	1.11			1.00							1.25			(i)	1.01
30+ day delinquency rate
Mortgage Banking (f)(g)	1.03			%	1.02			%	1.08		%	1.23		%	1.27		%					1.03			%	1.27		%
Credit Card	1.76				1.59				1.66			1.61			1.53							1.76				1.53
Auto	0.93				0.88				0.93			1.19			1.08							0.93				1.08
Student (h)	—				—				—			1.60			1.81							—				1.81
90+ day delinquency rate - Credit Card	0.86				0.80				0.87			0.81			0.75							0.86				0.75
Allowance for loan losses
Consumer & Business Banking	$	796			$	796			$	753		$	753		$	703		—		13		$	796			$	703		13
Mortgage Banking, excluding PCI loans	1,153				1,153				1,328			1,328			1,488			—		(23	)	1,153				1,488			(23	)
Mortgage Banking - PCI loans (d)	2,245				2,265				2,287			2,311			2,618			(1	)	(14	)	2,245				2,618			(14	)
Credit Card	4,684				4,384				4,034			4,034			3,884			7		21		4,684				3,884			21
Auto	499				499				474			474			474			—		5		499				474			5
Student	—				—				—			249			274			NM		NM		—				274			NM
Total allowance for loan losses (d)	$	9,377			$	9,097			$	8,876		$	9,149		$	9,441		3		(1	)	$	9,377			$	9,441		(1	)

Note : CCB provides several non-GAAP financial measures which exclude the impact of PCI loans. For further discussion of these measures, see page 28.

(a) Excludes PCI loans. The Firm is recognizing interest income on each pool of PCI loans as they are all performing.

(b) At September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, nonaccrual loans excluded mortgage loans 90 or more days past and insured by U.S. government agencies of $4.0 billion, $4.1 billion, $4.5 billion, $5.0 billion and $5.0 billion, respectively. Student loans insured by U.S. government agencies under the Federal Family Education Loan Program (“FFELP”) and 90 or more days past due were also excluded from nonaccrual loans prior to sale of the student loan portfolio in the second quarter of 2017. These amounts have been excluded based upon the government guarantee.

(c) Net charge-offs and net charge-off rates for the three and nine months ended September 30, 2017 included $63 million of incremental charge-offs recorded in accordance with regulatory guidance regarding the timing of loss recognition for certain auto and residential real estate loans in bankruptcy and auto loans where assets were acquired in loan satisfaction.

(d) Net charge-offs/(recoveries) and the net charge-off/(recovery) rates for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, excluded write-offs in the PCI portfolio of $20 million, $22 million, $24 million, $32 million and $36 million, respectively, and for the nine months ended September 30, 2017 and 2016 excluded $66 million and $124 million, respectively. These write-offs decreased the allowance for loan losses for PCI loans. For further information on PCI write-offs, see Summary of Changes in the Allowances on page 26.

(e) Excludes the impact of PCI loans. For the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, the net charge-off/(recovery) rates including the impact of PCI loans were as follows: (1) home equity of 0.11%, 0.06%, 0.39%, 0.37% and 0.31%, respectively; (2) residential mortgage of -%, (0.01)%, 0.01%, 0.01% and 0.02%, respectively; (3) Mortgage Banking of 0.02%, 0.01%, 0.09%, 0.09% and 0.08%, respectively; and (4) total CCB of 1.03%, 0.99%, 1.46%, 1.02% and 0.92%, respectively. For the nine months ended September 30, 2017 and 2016, the net charge-off/(recovery) rates including the impact of PCI loans were as follows: (1) home equity of 0.19% and 0.33%, respectively; (2) residential mortgage of -% and 0.01%, respectively; (3) Mortgage Banking of 0.04% and 0.09%, respectively; and (4) total CCB of 1.16% and 0.93%, respectively.

(f) At September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, excluded mortgage loans insured by U.S. government agencies of $5.9 billion, $6.0 billion, $6.3 billion, $7.0 billion and $7.0 billion, respectively, that are 30 or more days past due. These amounts have been excluded based upon the government guarantee.

(g) Excludes PCI loans. The 30+ day delinquency rate for PCI loans was 9.30%, 9.06%, 9.11%, 9.82% and 10.01% at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.

(h) Excluded student loans insured by U.S government agencies under FFELP of $468 million and $461 million at December 31, 2016 and September 30, 2016, respectively, that are 30 or more days past due. These amounts have been excluded based upon the government guarantee.

(i) Excluding net charge-offs of $467 million related to the student loan portfolio transfer, the total net charge-off rates for the three months ended March 31, 2017 and nine months ended September 30, 2017 would have been 1.14% and 1.10%, respectively.

Page 13

JPMORGAN CHASE & CO.
CONSUMER & COMMUNITY BANKING
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data and where otherwise noted)
	QUARTERLY TRENDS																								NINE MONTHS ENDED SEPTEMBER 30,
																					3Q17 Change												2017 Change
	3Q17				2Q17				1Q17				4Q16				3Q16				2Q17		3Q16		2017				2016				2016
BUSINESS METRICS
Number of:
Branches	5,174				5,217				5,246				5,258				5,310				(1	)%	(3	)%	5,174				5,310				(3	)%
Active digital customers (in thousands) (a)	46,349				45,876				45,463				43,836				43,657				1		6		46,349				43,657				6
Active mobile customers (in thousands) (b)	29,273				28,386				27,256				26,536				26,047				3		12		29,273				26,047				12
Debit and credit card sales volume (in billions) (c)	$	231.1			$	231.3			$	209.4			$	220.0			$	207.9			—		11		$	671.8			$	601.6			12
Consumer & Business Banking
Average deposits	$	630,351			$	625,381			$	609,035			$	590,653			$	576,573			1		9		$	621,667			$	564,190			10
Deposit margin	2.02			%	1.96			%	1.88			%	1.80			%	1.79			%					1.95			%	1.82			%
Business banking origination volume	$	1,654			$	2,193			$	1,703			$	1,641			$	1,803			(25	)	(8	)	$	5,550			$	5,674			(2	)
Client investment assets	262,513				252,993				245,050				234,532				231,574				4		13		262,513				231,574				13
Mortgage Banking (in billions)
Mortgage origination volume by channel
Retail	$	10.6			$	9.7			$	9.0			$	12.7			$	11.7			9		(9	)	$	29.3			$	31.6			(7	)
Correspondent	16.3				14.2				13.4				16.4				15.4				15		6		43.9				42.9				2
Total mortgage origination volume (d)	$	26.9			$	23.9			$	22.4			$	29.1			$	27.1			13		(1	)	$	73.2			$	74.5			(2	)
Total loans serviced (period-end)	$	821.6			$	827.8			$	836.3			$	846.6			$	863.3			(1	)	(5	)	$	821.6			$	863.3			(5	)
Third-party mortgage loans serviced (period-end)	556.9				568.0				582.6				591.5				609.2				(2	)	(9	)	556.9				609.2				(9	)
MSR carrying value (period-end)	5.7				5.8				6.1				6.1				4.9				(2	)	16		5.7				4.9				16
Ratio of MSR carrying value (period-end) to third-party mortgage
loans serviced (period-end)	1.02			%	1.02			%	1.05			%	1.03			%	0.80			%					1.02			%	0.80			%
MSR revenue multiple (e)	2.91		x		2.91		x		3.00		x		2.94		x		2.29		x						2.91		x		2.29		x
Credit Card, excluding Commercial Card
Credit card sales volume (in billions)	$	157.7			$	156.8			$	139.7			$	148.5			$	139.2			1		13		$	454.2			$	396.9			14
New accounts opened	1.9				2.1				2.5				2.7				2.7				(10	)	(30	)	6.5				7.7				(16	)
Card Services
Net revenue rate	10.95			%	10.53			%	10.15			%	10.14			%	11.04			%					10.55			%	11.70			%
Commerce Solutions
Merchant processing volume (in billions)	$	301.6			$	294.4			$	274.3			$	284.9			$	267.2			2		13		$	870.3			$	778.5			12
Auto
Loan and lease origination volume (in billions)	$	8.8			$	8.3			$	8.0			$	8.0			$	9.3			6		(5	)	$	25.1			$	27.4			(8	)
Average Auto operating lease assets	15,641				14,728				13,757				12,613				11,418				6		37		14,715				10,493				40

(a) Users of all web and/or mobile platforms who have logged in within the past 90 days.

(b) Users of all mobile platforms who have logged in within the past 90 days.

(c) The prior period amounts have been revised to conform with the current period presentation.

(d) Firmwide mortgage origination volume was $29.2 billion, $26.2 billion, $25.6 billion, $33.5 billion and $30.9 billion for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively, and $81.0 billion and $83.9 billion for the nine months ended September 30, 2017 and 2016, respectively.

(e) Represents the ratio of MSR carrying value (period-end) to third-party mortgage loans serviced (period-end) divided by the ratio of annualized loan servicing-related revenue to third-party mortgage loans serviced (average).

Page 14

JPMORGAN CHASE & CO.
CORPORATE & INVESTMENT BANK
FINANCIAL HIGHLIGHTS
(in millions, except ratio data)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
INCOME STATEMENT
REVENUE
Investment banking fees	$	1,819		$	1,803		$	1,812		$	1,612		$	1,855		1	%	(2	)%	$	5,434		$	4,812		13	%
Principal transactions	2,673			2,928			3,507			2,372			3,282			(9	)	(19	)	9,108			8,717			4
Lending- and deposit-related fees	374			387			388			400			402			(3	)	(7	)	1,149			1,181			(3	)
Asset management, administration and commissions	1,041			1,068			1,052			1,000			968			(3	)	8		3,161			3,062			3
All other income	187			258			177			242			183			(28	)	2		622			927			(33	)
Noninterest revenue	6,094			6,444			6,936			5,626			6,690			(5	)	(9	)	19,474			18,699			4
Net interest income	2,496			2,445			2,600			2,835			2,765			2		(10	)	7,541			8,056			(6	)
TOTAL NET REVENUE (a)	8,590			8,889			9,536			8,461			9,455			(3	)	(9	)	27,015			26,755			1
Provision for credit losses	(26		)	(53		)	(96		)	(198		)	67			51		NM		(175		)	761			NM
NONINTEREST EXPENSE
Compensation expense	2,286			2,451			2,800			1,696			2,513			(7	)	(9	)	7,537			7,850			(4	)
Noncompensation expense	2,482			2,390			2,321			2,476			2,421			4		3		7,193			6,970			3
TOTAL NONINTEREST EXPENSE	4,768			4,841			5,121			4,172			4,934			(2	)	(3	)	14,730			14,820			(1	)
Income before income tax expense	3,848			4,101			4,511			4,487			4,454			(6	)	(14	)	12,460			11,174			12
Income tax expense	1,302			1,391			1,270			1,056			1,542			(6	)	(16	)	3,963			3,790			5
NET INCOME	$	2,546		$	2,710		$	3,241		$	3,431		$	2,912		(6	)	(13	)	$	8,497		$	7,384		15
FINANCIAL RATIOS
ROE	13		%	15		%	18		%	20		%	17		%					15		%	14		%
Overhead ratio	56			54			54			49			52							55			55
Compensation expense as a percent of total net revenue	27			28			29			20			27							28			29
REVENUE BY BUSINESS
Investment Banking	$	1,705		$	1,695		$	1,651		$	1,487		$	1,740		1		(2	)	$	5,051		$	4,463		13
Treasury Services	1,058			1,055			981			950			917			—		15		3,094			2,693			15
Lending	331			373			389			346			283			(11	)	17		1,093			862			27
Total Banking	3,094			3,123			3,021			2,783			2,940			(1	)	5		9,238			8,018			15
Fixed Income Markets	3,164			3,216			4,215			3,369			4,334			(2	)	(27	)	10,595			11,890			(11	)
Equity Markets	1,363			1,586			1,606			1,150			1,414			(14	)	(4	)	4,555			4,590			(1	)
Securities Services	1,007			982			916			887			916			3		10		2,905			2,704			7
Credit Adjustments & Other (b)	(38		)	(18		)	(222		)	272			(149		)	(111	)	74		(278		)	(447		)	38
Total Markets & Investor Services	5,496			5,766			6,515			5,678			6,515			(5	)	(16	)	17,777			18,737			(5	)
TOTAL NET REVENUE	$	8,590		$	8,889		$	9,536		$	8,461		$	9,455		(3	)	(9	)	$	27,015		$	26,755		1

(a) Included tax-equivalent adjustments, predominantly due to income tax credits related to alternative energy investments; income tax credits and amortization of the cost of investments in affordable housing projects; as well as tax-exempt income from municipal bonds of $505 million, $554 million, $551 million, $591 million and $483 million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, and $1.6 billion and $1.5 billion for the nine months ended September 30, 2017 and 2016, respectively.

(b) Consists primarily of credit valuation adjustments (“CVA”) managed centrally within CIB, funding valuation adjustments (“FVA”) and debit valuation adjustments (“DVA”) on derivatives. Results are presented net of associated hedging activities and net of CVA and FVA amounts allocated to Fixed Income Markets and Equity Markets.

Page 15

JPMORGAN CHASE & CO.
CORPORATE & INVESTMENT BANK
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio and headcount data)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
SELECTED BALANCE SHEET DATA (period-end)
Assets	$	851,808		$	847,377		$	840,304		$	803,511		$	825,933		1	%	3	%	$	851,808		$	825,933		3	%
Loans:
Loans retained (a)	106,955			108,935			107,902			111,872			117,133			(2	)	(9	)	106,955			117,133			(9	)
Loans held-for-sale and loans at fair value	3,514			7,168			6,477			3,781			4,184			(51	)	(16	)	3,514			4,184			(16	)
Total loans	110,469			116,103			114,379			115,653			121,317			(5	)	(9	)	110,469			121,317			(9	)
Core loans	110,133			115,764			114,003			115,243			120,885			(5	)	(9	)	110,133			120,885			(9	)
Equity	70,000			70,000			70,000			64,000			64,000			—		9		70,000			64,000			9
SELECTED BALANCE SHEET DATA (average)
Assets	$	858,912		$	864,686		$	838,017		$	836,446		$	811,217		(1	)	6		$	853,948		$	808,228		6
Trading assets - debt and equity instruments	349,448			351,678			328,339			304,348			306,431			(1	)	14		343,232			299,350			15
Trading assets - derivative receivables	55,875			54,937			58,948			65,675			63,829			2		(12	)	56,575			62,619			(10	)
Loans:
Loans retained (a)	107,829			110,011			108,389			112,987			110,941			(2	)	(3	)	108,741			110,442			(2	)
Loans held-for-sale and loans at fair value	4,674			5,789			5,308			4,998			3,864			(19	)	21		5,254			3,414			54
Total loans	112,503			115,800			113,697			117,985			114,805			(3	)	(2	)	113,995			113,856			—
Core loans	112,168			115,434			113,309			117,570			114,380			(3	)	(2	)	113,631			113,410			—
Equity	70,000			70,000			70,000			64,000			64,000			—		9		70,000			64,000			9
Headcount	50,641			49,228			48,700			48,748			49,176			3		3		50,641			49,176			3
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs/(recoveries)	$	20		$	47		$	(18	)	$	29		$	3		(57	)	NM		$	49		$	139		(65	)
Nonperforming assets:
Nonaccrual loans:
Nonaccrual loans retained (b)	437			462			308			467			614			(5	)	(29	)	437			614			(29	)
Nonaccrual loans held-for-sale and loans at fair value	2			31			109			109			26			(94	)	(92	)	2			26			(92	)
Total nonaccrual loans	439			493			417			576			640			(11	)	(31	)	439			640			(31	)
Derivative receivables	164			170			179			223			232			(4	)	(29	)	164			232			(29	)
Assets acquired in loan satisfactions	92			71			87			79			75			30		23		92			75			23
Total nonperforming assets	695			734			683			878			947			(5	)	(27	)	695			947			(27	)
Allowance for credit losses:
Allowance for loan losses	1,253			1,298			1,346			1,420			1,611			(3	)	(22	)	1,253			1,611			(22	)
Allowance for lending-related commitments	745			745			797			801			837			—		(11	)	745			837			(11	)
Total allowance for credit losses	1,998			2,043			2,143			2,221			2,448			(2	)	(18	)	1,998			2,448			(18	)
Net charge-off/(recovery) rate (a)(d)	0.07		%	0.17		%	(0.07		)%	0.10		%	0.01		%					0.06		%	0.17		%
Allowance for loan losses to period-end loans retained (a)	1.17			1.19			1.25			1.27			1.38							1.17			1.38
Allowance for loan losses to period-end loans retained,
excluding trade finance and conduits (c)	1.79			1.83			1.91			1.86			2.02							1.79			2.02
Allowance for loan losses to nonaccrual loans retained (a)(b)	287			281			437			304			262							287			262
Nonaccrual loans to total period-end loans	0.40			0.42			0.36			0.50			0.53							0.40			0.53

(a) Loans retained includes credit portfolio loans, loans held by consolidated Firm-administered multi-seller conduits, trade finance loans, other held-for-investment loans and overdrafts.

(b) Allowance for loan losses of $177 million, $164 million, $61 million, $113 million and $202 million were held against nonaccrual loans at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively.

(c) Management uses allowance for loan losses to period-end loans retained, excluding trade finance and conduits, a non-GAAP financial measure, to provide a more meaningful assessment of CIB’s allowance coverage ratio.

(d) Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate.

Page 16

JPMORGAN CHASE & CO.
CORPORATE & INVESTMENT BANK
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except where otherwise noted)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change								2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017		2016		2016
BUSINESS METRICS
Advisory	$	620		$	503		$	501		$	517		$	542		23	%	14	%	$	1,624	$	1,593	2	%
Equity underwriting	293			367			394			299			370			(20	)	(21	)	1,054		860		23
Debt underwriting	906			933			917			796			943			(3	)	(4	)	2,756		2,359		17
Total investment banking fees	$	1,819		$	1,803		$	1,812		$	1,612		$	1,855		1		(2	)	$	5,434	$	4,812	13
Assets under custody (“AUC”) (period-end) (in billions)	$	22,738		$	22,134		$	21,383		$	20,520		$	21,224		3		7		$	22,738	$	21,224	7
Client deposits and other third-party liabilities (average) (a)	421,588			404,920			391,716			390,793			381,542			4		10		406,184		371,417		9
Trade finance loans (period-end)	17,171			17,356			16,613			15,923			16,957			(1	)	1		17,171		16,957		1
95% Confidence Level - Total CIB VaR (average) (b)
CIB trading VaR by risk type: (c)
Fixed income	$	28		$	28		$	28		$	40		$	49		—		(43	)
Foreign exchange	13			8			10			12			16			63		(19	)
Equities	12			12			11			10			8			—		50
Commodities and other	6			8			8			9			9			(25	)	(33	)
Diversification benefit to CIB trading VaR (d)	(31		)	(30		)	(34		)	(36		)	(42		)	(3	)	26
CIB trading VaR (c)	28			26			23			35			40			8		(30	)
Credit portfolio VaR (e)	5			9			10			12			13			(44	)	(62	)
Diversification benefit to CIB VaR (d)	(3		)	(8		)	(8		)	(8		)	(10		)	63		70
CIB VaR	$	30		$	27		$	25		$	39		$	43		11		(30	)

(a) Client deposits and other third party liabilities pertain to the Treasury Services and Securities Services businesses.

(b) As discussed in footnote (c) on page 3, the Firm refined the historical proxy time series inputs to certain VaR models during the first quarter of 2017. In the absence of this refinement, the average VaR for each of the following reported components would have been higher by the following amounts: CIB fixed income of $4 million, $6 million and $5 million, CIB trading VaR of $5 million, $5 million and $4 million, CIB VaR of $5 million, $6 million and $3 million for the three months ended September 30, 2017, June 30 2017 and March 31, 2017, respectively.

(c) CIB trading VaR includes substantially all market-making and client-driven activities, as well as certain risk management activities in CIB, including credit spread sensitivity to CVA. For further information, see VaR measurement on pages 118–120 of the 2016 Annual Report, and pages 72-74 of the Firm's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2017.

(d) Average portfolio VaR was less than the sum of the VaR of the components described above, which is due to portfolio diversification. The diversification effect reflects the fact that the risks were not perfectly correlated.

(e) Credit portfolio VaR includes the derivative CVA, hedges of the CVA and hedges of the retained loan portfolio, which are reported in principal transactions revenue. This VaR does not include the retained loan portfolio, which is not reported at fair value.

Page 17

JPMORGAN CHASE & CO.
COMMERCIAL BANKING
FINANCIAL HIGHLIGHTS
(in millions, except ratio data)
	QUARTERLY TRENDS																							NINE MONTHS ENDED SEPTEMBER 30,
																				3Q17 Change											2017 Change
	3Q17				2Q17				1Q17				4Q16			3Q16				2Q17		3Q16		2017				2016			2016
INCOME STATEMENT
REVENUE
Lending- and deposit-related fees	$	223			$	232			$	235			$	230		$	228			(4	)%	(2	)%	$	690			$	687		—	%
Asset management, administration and commissions	16				16				18				15			14				—		14		50				54			(7	)
All other income (a)	353				335				346				355			336				5		5		1,034				979			6
Noninterest revenue	592				583				599				600			578				2		2		1,774				1,720			3
Net interest income	1,554				1,505				1,419				1,363			1,292				3		20		4,478				3,770			19
TOTAL NET REVENUE (b)	2,146				2,088				2,018				1,963			1,870				3		15		6,252				5,490			14
Provision for credit losses	(47		)		(130		)		(37		)		124			(121		)		64		61		(214		)		158			NM
NONINTEREST EXPENSE
Compensation expense	370				365				371				333			343				1		8		1,106				999			11
Noncompensation expense	430				425				454				411			403				1		7		1,309				1,191			10
TOTAL NONINTEREST EXPENSE	800				790				825				744			746				1		7		2,415				2,190			10
Income before income tax expense	1,393				1,428				1,230				1,095			1,245				(2	)	12		4,051				3,142			29
Income tax expense	512				526				431				408			467				(3	)	10		1,469				1,172			25
NET INCOME	$	881			$	902			$	799			$	687		$	778			(2	)	13		$	2,582			$	1,970		31
Revenue by product
Lending	$	1,030			$	1,023			$	992			$	994		$	956			1		8		$	3,045			$	2,801		9
Treasury services	873				854				796				730			693				2		26		2,523				2,067			22
Investment banking (c)	196				189				216				220			203				4		(3	)	601				565			6
Other	47				22				14				19			18				114		161		83				57			46
Total Commercial Banking net revenue	$	2,146			$	2,088			$	2,018			$	1,963		$	1,870			3		15		$	6,252			$	5,490		14
Investment banking revenue, gross (d)	$	570			$	524			$	646			$	608		$	600			9		(5	)	$	1,740			$	1,678		4
Revenue by client segment
Middle Market Banking (e)	$	848			$	839			$	784			$	753		$	706			1		20		$	2,471			$	2,095		18
Corporate Client Banking (e)	688				662				666				645			622				4		11		2,016				1,784			13
Commercial Term Lending	367				364				367				355			350				1		5		1,098				1,053			4
Real Estate Banking	157				147				134				128			117				7		34		438				328			34
Other	86				76				67				82			75				13		15		229				230			—
Total Commercial Banking net revenue	$	2,146			$	2,088			$	2,018			$	1,963		$	1,870			3		15		$	6,252			$	5,490		14
FINANCIAL RATIOS
ROE	17			%	17			%	15			%	16		%	18			%					16			%	15		%
Overhead ratio	37				38				41				38			40								39				40

(a) Includes revenue from investment banking products and commercial card transactions.

(b) Total net revenue included tax-equivalent adjustments from income tax credits related to equity investments in designated community development entities that provide loans to qualified businesses in low-income communities, as well as tax-exempt income related to municipal financing activities of $143 million, $131 million, $121 million, $134 million and $127 million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, and $395 million and $371 million for nine months ended September 30, 2017 and 2016, respectively.

(c) Includes total Firm revenue from investment banking products sold to CB clients, net of revenue sharing with the CIB.

(d) Represents total Firm revenue from investment banking products sold to CB clients.

(e) Certain clients were transferred from Middle Market Banking to Corporate Client Banking in the second quarter of 2017. The prior period amounts have been revised to conform with the current period presentation.

Page 18

JPMORGAN CHASE & CO.
COMMERCIAL BANKING
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except headcount and ratio data)	QUARTERLY TRENDS																				NINE MONTHS ENDED SEPTEMBER 30,
																	3Q17 Change										2017 Change
	3Q17			2Q17			1Q17				4Q16			3Q16			2Q17		3Q16		2017			2016			2016
SELECTED BALANCE SHEET DATA (period-end)
Total assets	$	220,064		$	220,676		$	217,348			$	214,341		$	212,189		—	%	4	%	$	220,064		$	212,189		4	%
Loans:
Loans retained	201,463			197,912			194,538				188,261			185,609			2		9		201,463			185,609			9
Loans held-for-sale and loans at fair value	764			1,661			1,056				734			191			(54	)	300		764			191			300
Total loans	$	202,227		$	199,573		$	195,594			$	188,995		$	185,800		1		9		$	202,227		$	185,800		9
Core loans	201,999			199,319			195,296				188,673			185,354			1		9		201,999			185,354			9
Equity	20,000			20,000			20,000				16,000			16,000			—		25		20,000			16,000			25
Period-end loans by client segment
Middle Market Banking (a)	$	56,192		$	56,377		$	55,113			$	53,929		$	53,581		—		5		$	56,192		$	53,581		5
Corporate Client Banking (a)	47,682			45,918			45,798				43,027			43,517			4		10		47,682			43,517			10
Commercial Term Lending	74,349			73,760			72,496				71,249			69,133			1		8		74,349			69,133			8
Real Estate Banking	17,127			16,726			15,846				14,722			13,905			2		23		17,127			13,905			23
Other	6,877			6,792			6,341				6,068			5,664			1		21		6,877			5,664			21
Total Commercial Banking loans	$	202,227		$	199,573		$	195,594			$	188,995		$	185,800		1		9		$	202,227		$	185,800		9
SELECTED BALANCE SHEET DATA (average)
Total assets	$	218,196		$	217,694		$	213,784			$	212,848		$	208,765		—		5		$	216,574		$	205,748		5
Loans:
Loans retained	199,487			196,454			190,774				187,528			180,962			2		10		195,604			175,695			11
Loans held-for-sale and loans at fair value	675			1,402			717				1,342			517			(52	)	31		931			516			80
Total loans	$	200,162		$	197,856		$	191,491			$	188,870		$	181,479		1		10		$	196,535		$	176,211		12
Core loans	199,920			197,567			191,180				188,478			181,016			1		10		196,254			175,651			12
Client deposits and other third-party liabilities	176,218			173,214			176,780				180,036			173,696			2		1		175,402			172,502			2
Equity	20,000			20,000			20,000				16,000			16,000			—		25		20,000			16,000			25
Average loans by client segment
Middle Market Banking (a)	$	55,782		$	55,651		$	54,267			$	53,806		$	52,646		—		6		$	55,239		$	51,716		7
Corporate Client Banking (a)	46,451			46,483			43,582				44,390			42,141			—		10		45,516			40,872			11
Commercial Term Lending	74,136			73,081			71,880				70,316			67,696			1		10		73,041			65,486			12
Real Estate Banking	16,936			16,139			15,525				14,452			13,382			5		27		16,205			12,597			29
Other	6,857			6,502			6,237				5,906			5,614			5		22		6,534			5,540			18
Total Commercial Banking loans	$	200,162		$	197,856		$	191,491			$	188,870		$	181,479		1		10		$	196,535		$	176,211		12
Headcount	8,965			8,823			8,554				8,365			8,333			2		8		8,965			8,333			8
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs/(recoveries)	$	19		$	8		$	(10	)		$	53		$	44		138		(57	)	$	17		$	110		(85	)
Nonperforming assets
Nonaccrual loans:
Nonaccrual loans retained (b)	744			819			929				1,149			1,212			(9	)	(39	)	744			1,212			(39	)
Nonaccrual loans held-for-sale and loans
at fair value	—			—			—				—			—			—		—		—			—			—
Total nonaccrual loans	744			819			929				1,149			1,212			(9	)	(39	)	744			1,212			(39	)
Assets acquired in loan satisfactions	3			4			11				1			1			(25	)	200		3			1			200
Total nonperforming assets	747			823			940				1,150			1,213			(9	)	(38	)	747			1,213			(38	)
Allowance for credit losses:
Allowance for loan losses	2,620			2,678			2,896				2,925			2,858			(2	)	(8	)	2,620			2,858			(8	)
Allowance for lending-related commitments	323			331			251				248			244			(2	)	32		323			244			32
Total allowance for credit losses	2,943			3,009			3,147				3,173			3,102			(2	)	(5	)	2,943			3,102			(5	)
Net charge-off/(recovery) rate (c)	0.04		%	0.02		%	(0.02		)	%	0.11		%	0.10		%					0.01		%	0.08		%
Allowance for loan losses to period-end loans retained	1.30			1.35			1.49				1.55			1.54							1.30			1.54
Allowance for loan losses to nonaccrual loans retained (b)	352			327			312				255			236							352			236
Nonaccrual loans to period-end total loans	0.37			0.41			0.47				0.61			0.65							0.37			0.65

(a) Certain clients were transferred from Middle Market Banking to Corporate Client Banking in the second quarter of 2017. The prior period amounts have been revised to conform with the current period presentation.

(b) Allowance for loan losses of $128 million, $112 million, $115 million, $155 million and $221 million was held against nonaccrual loans retained at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively.

(c) Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate.

Page 19

JPMORGAN CHASE & CO.
ASSET & WEALTH MANAGEMENT
FINANCIAL HIGHLIGHTS
(in millions, except ratio and headcount data)
	QUARTERLY TRENDS																				NINE MONTHS ENDED SEPTEMBER 30,
																	3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16				3Q16			2Q17		3Q16		2017			2016			2016
INCOME STATEMENT
REVENUE
Asset management, administration and commissions	$	2,240		$	2,211		$	2,105		$	2,209			$	2,087		1	%	7	%	$	6,556		$	6,205		6	%
All other income	150			155			163			89				190			(3	)	(21	)	468			509			(8	)
Noninterest revenue	2,390			2,366			2,268			2,298				2,277			1		5		7,024			6,714			5
Net interest income	855			846			819			789				770			1		11		2,520			2,244			12
TOTAL NET REVENUE	3,245			3,212			3,087			3,087				3,047			1		6		9,544			8,958			7
Provision for credit losses	8			4			18			(11		)		32			100		(75	)	30			37			(19	)
NONINTEREST EXPENSE
Compensation expense	1,319			1,278			1,331			1,296				1,279			3		3		3,928			3,769			4
Noncompensation expense	862			914			1,249			879				851			(6	)	1		3,025			2,534			19
TOTAL NONINTEREST EXPENSE	2,181			2,192			2,580			2,175				2,130			(1	)	2		6,953			6,303			10
Income before income tax expense	1,056			1,016			489			923				885			4		19		2,561			2,618			(2	)
Income tax expense	382			392			104			337				328			(3	)	16		878			953			(8	)
NET INCOME	$	674		$	624		$	385		$	586			$	557		8		21		$	1,683		$	1,665		1
REVENUE BY LINE OF BUSINESS
Asset Management	$	1,587		$	1,561		$	1,487		$	1,550			$	1,497		2		6		$	4,635		$	4,420		5
Wealth Management	1,658			1,651			1,600			1,537				1,550			—		7		4,909			4,538			8
TOTAL NET REVENUE	$	3,245		$	3,212		$	3,087		$	3,087			$	3,047		1		6		$	9,544		$	8,958		7
FINANCIAL RATIOS
ROE	29		%	27		%	16		%	25			%	24		%					24		%	24		%
Overhead ratio	67			68			84			70				70							73			70
Pretax margin ratio:
Asset Management	34			31			1			30				31							22			31
Wealth Management	32			33			30			30				27							31			27
Asset & Wealth Management	33			32			16			30				29							27			29
Headcount	22,685			22,289			22,196			21,082				21,142			2		7		22,685			21,142			7
Number of Wealth Management client advisors	2,581			2,452			2,480			2,504				2,560			5		1		2,581			2,560			1

Page 20

JPMORGAN CHASE & CO.
ASSET & WEALTH MANAGEMENT
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratio data)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
SELECTED BALANCE SHEET DATA (period-end)
Total assets	$	149,170		$	147,508		$	141,049		$	138,384		$	137,295		1	%	9	%	$	149,170		$	137,295		9	%
Loans	128,038			124,517			119,947			118,039			116,043			3		10		128,038			116,043			10
Core loans	128,038			124,517			119,947			118,039			116,043			3		10		128,038			116,043			10
Deposits	141,409			146,758			157,295			161,577			157,274			(4	)	(10	)	141,409			157,274			(10	)
Equity	9,000			9,000			9,000			9,000			9,000			—		—		9,000			9,000			—
SELECTED BALANCE SHEET DATA (average)
Total assets	$	146,388		$	142,966		$	138,178		$	135,213		$	134,920		2		8		$	142,541		$	132,090		8
Loans	125,445			122,173			118,310			115,063			114,201			3		10		122,002			112,142			9
Core loans	125,445			122,173			118,310			115,063			114,201			3		10		122,002			112,142			9
Deposits	144,496			150,786			158,810			158,335			153,121			(4	)	(6	)	151,311			151,656			—
Equity	9,000			9,000			9,000			9,000			9,000			—		—		9,000			9,000			—
CREDIT DATA AND QUALITY STATISTICS
Net charge-offs	$	5		$	2		$	3		$	—		$	5		150		—		$	10		$	16		(38	)
Nonaccrual loans	337			400			379			390			372			(16	)	(9	)	337			372			(9	)
Allowance for credit losses:
Allowance for loan losses	285			285			289			274			285			—		—		285			285			—
Allowance for lending-related commitments	10			10			4			4			5			—		100		10			5			100
Total allowance for credit losses	295			295			293			278			290			—		2		295			290			2
Net charge-off/(recovery) rate	0.02		%	0.01		%	0.01		%	—		%	0.02		%					0.01		%	0.02		%
Allowance for loan losses to period-end loans	0.22			0.23			0.24			0.23			0.25							0.22			0.25
Allowance for loan losses to nonaccrual loans	85			71			76			70			77							85			77
Nonaccrual loans to period-end loans	0.26			0.32			0.32			0.33			0.32							0.26			0.32

Page 21

JPMORGAN CHASE & CO.
ASSET & WEALTH MANAGEMENT
FINANCIAL HIGHLIGHTS, CONTINUED
(in billions)
																Sep 30, 2017
																Change				NINE MONTHS ENDED SEPTEMBER 30,
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,		Sep 30,								2017 Change
CLIENT ASSETS	2017			2017			2017			2016			2016			2017		2016		2017			2016			2016
Assets by asset class
Liquidity	$	441		$	434		$	444		$	436		$	403		2	%	9	%	$	441		$	403		9	%
Fixed income	461			440			432			420			437			5		5		461			437			5
Equity	405			390			378			351			357			4		13		405			357			13
Multi-asset and alternatives	638			612			587			564			575			4		11		638			575			11
TOTAL ASSETS UNDER MANAGEMENT	1,945			1,876			1,841			1,771			1,772			4		10		1,945			1,772			10
Custody/brokerage/administration/deposits	733			722			707			682			675			2		9		733			675			9
TOTAL CLIENT ASSETS	$	2,678		$	2,598		$	2,548		$	2,453		$	2,447		3		9		$	2,678		$	2,447		9
Memo:
Alternatives client assets (a)	$	161		$	159		$	157		$	154		$	157		1		3		$	161		$	157		3
Assets by client segment
Private Banking	$	507		$	488		$	468		$	435		$	433		4		17		$	507		$	433		17
Institutional	921			889			889			869			862			4		7		921			862			7
Retail	517			499			484			467			477			4		8		517			477			8
TOTAL ASSETS UNDER MANAGEMENT	$	1,945		$	1,876		$	1,841		$	1,771		$	1,772		4		10		$	1,945		$	1,772		10
Private Banking	$	1,217		$	1,188		$	1,154		$	1,098		$	1,089		2		12		$	1,217		$	1,089		12
Institutional	941			909			908			886			879			4		7		941			879			7
Retail	520			501			486			469			479			4		9		520			479			9
TOTAL CLIENT ASSETS	$	2,678		$	2,598		$	2,548		$	2,453		$	2,447		3		9		$	2,678		$	2,447		9
Assets under management rollforward
Beginning balance	$	1,876		$	1,841		$	1,771		$	1,772		$	1,693						$	1,771		$	1,723
Net asset flows:
Liquidity	5			(7		)	1			35			18							(1		)	(11		)
Fixed income	17			2			5			(6		)	9							24			36
Equity	(5		)	(3		)	(4		)	(12		)	(7		)					(12		)	(17		)
Multi-asset and alternatives	9			10			7			(3		)	21							26			25
Market/performance/other impacts	43			33			61			(15		)	38							137			16
Ending balance	$	1,945		$	1,876		$	1,841		$	1,771		$	1,772						$	1,945		$	1,772
Client assets rollforward
Beginning balance	$	2,598		$	2,548		$	2,453		$	2,447		$	2,344						$	2,453		$	2,350
Net asset flows	25			2			10			21			47							37			42
Market/performance/other impacts	55			48			85			(15		)	56							188			55
Ending balance	$	2,678		$	2,598		$	2,548		$	2,453		$	2,447						$	2,678		$	2,447

(a) Represents assets under management, as well as client balances in brokerage accounts.

Page 22

JPMORGAN CHASE & CO.
CORPORATE
FINANCIAL HIGHLIGHTS
(in millions, except headcount data)
	QUARTERLY TRENDS																			NINE MONTHS ENDED SEPTEMBER 30,
																3Q17 Change										2017 Change
	3Q17			2Q17			1Q17			4Q16			3Q16			2Q17		3Q16		2017			2016			2016
INCOME STATEMENT
REVENUE
Principal transactions	$	(2	)	$	148		$	15		$	27		$	57		NM		NM		$	161		$	183		(12	)%
Securities gains/(losses)	—			(34		)	(3		)	5			64			100		(100	)	(37		)	135			NM
All other income (a)	111			667			61			269			76			(83	)	46		839			319			163
Noninterest revenue	109			781			73			301			197			(86	)	(45	)	963			637			51
Net interest income	77			23			(98		)	(498		)	(385		)	235		NM		2			(927		)	NM
TOTAL NET REVENUE (b)	186			804			(25		)	(197		)	(188		)	(77	)	NM		965			(290		)	NM
Provision for credit losses	—			—			—			—			(1		)	—		100		—			(4		)	100
NONINTEREST EXPENSE (c)	74			183			98			439			143			(60	)	(48	)	355			23			NM
Income/(loss) before income tax expense/(benefit)	112			621			(123		)	(636		)	(330		)	(82	)	NM		610			(309		)	NM
Income tax expense/(benefit)	34			51			(158		)	(295		)	(165		)	(33	)	NM		(73		)	54			NM
NET INCOME/(LOSS)	$	78		$	570		$	35		$	(341	)	$	(165	)	(86	)	NM		$	683		$	(363	)	NM
MEMO:
TOTAL NET REVENUE
Treasury and Chief Investment Office (“CIO”)	265			86			(7		)	(256		)	(211		)	208		NM		344			(531		)	NM
Other Corporate	(79		)	718			(18		)	59			23			NM		NM		621			241			158
TOTAL NET REVENUE	$	186		$	804		$	(25	)	$	(197	)	$	(188	)	(77	)	NM		$	965		$	(290	)	NM
NET INCOME/(LOSS)
Treasury and CIO	75			(14		)	(67		)	(197		)	(208		)	NM		NM		(6		)	(518		)	99
Other Corporate	3			584			102			(144		)	43			(99	)	(93	)	689			155			345
TOTAL NET INCOME/(LOSS)	$	78		$	570		$	35		$	(341	)	$	(165	)	(86	)	NM		$	683		$	(363	)	NM
SELECTED BALANCE SHEET DATA (period-end)
Total assets	$	804,573		$	817,754		$	822,819		$	799,426		$	824,336		(2	)	(2	)	$	804,573		$	824,336		(2	)
Loans	1,614			1,696			1,483			1,592			1,738			(5	)	(7	)	1,614			1,738			(7	)
Core loans (d)	1,614			1,696			1,480			1,589			1,735			(5	)	(7	)	1,614			1,735			(7	)
Headcount	34,659			33,464			33,305			32,358			31,572			4		10		34,659			31,572			10
SUPPLEMENTAL INFORMATION
TREASURY and CIO
Securities gains	$	—		$	(34	)	$	(15	)	$	(3	)	$	64		100	%	(100	)%	$	(49	)	$	135		NM
AFS investment securities ( average)	212,633			225,053			234,841			227,960			219,042			(6	)	(3	)	224,094			226,533			(1	)
HTM investment securities ( average)	47,034			48,232			49,362			50,883			52,774			(2	)	(11	)	48,201			51,518			(6	)
Investment securities portfolio (average)	$	259,667		$	273,285		$	284,203		$	278,843		$	271,816		(5	)	(4	)	$	272,295		$	278,051		(2	)
AFS investment securities ( period-end)	214,257			213,291			230,617			236,670			217,196			—		(1	)	214,257			217,196			(1	)
HTM investment securities ( period-end)	47,079			47,761			48,913			50,168			52,011			(1	)	(9	)	47,079			52,011			(9	)
Investment securities portfolio (period-end)	$	261,336		$	261,052		$	279,530		$	286,838		$	269,207		—		(3	)	$	261,336		$	269,207		(3	)

(a) Included revenue related to a legal settlement of $645 million for both the three months ended June 30, 2017 and the nine months ended September 30, 2017.

(b) Included tax-equivalent adjustments, predominantly due to tax-exempt income from municipal bond investments of $216 million, $237 million, $228 million, $222 million, and $218 million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively and $681 million and $663 million for the nine months ended September 30, 2017 and 2016, respectively.

(c) Included legal expense/(benefit) of $(148) million, $16 million, $(228) million, $165 million and $(85) million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, and $(360) million and $(550) million for the nine months ended September 30, 2017 and 2016, respectively.

(d) Average core loans were $1.7 billion, $1.6 billion, $1.6 billion, $1.7 billion, and $1.8 billion for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, and $1.6 billion and $1.9 billion for the nine months ended September 30, 2017 and 2016, respectively.

Page 23

JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION
(in millions)
											Sep 30, 2017
											Change
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,		Jun 30,		Sep 30,
	2017		2017		2017		2016		2016		2017		2016
CREDIT EXPOSURE
Consumer, excluding credit card loans (a)
Loans retained, excluding PCI loans	$	337,592	$	332,051	$	326,198	$	328,727	$	326,353	2	%	3	%
Loans - PCI	31,821		33,064		34,385		35,679		37,045		(4	)	(14	)
Total loans retained	369,413		365,115		360,583		364,406		363,398		1		2
Loans held-for-sale	188		256		6,472		238		398		(27	)	(53	)
Total consumer, excluding credit card loans	369,601		365,371		367,055		364,644		363,796		1		2
Credit card loans
Loans retained	141,200		140,035		134,917		141,711		133,346		1		6
Loans held-for-sale	113		106		99		105		89		7		27
Total credit card loans	141,313		140,141		135,016		141,816		133,435		1		6
Total consumer loans	510,914		505,512		502,071		506,460		497,231		1		3
Wholesale loans (b)
Loans retained	398,569		394,426		386,370		383,790		386,449		1		3
Loans held-for-sale and loans at fair value	4,278		8,829		7,533		4,515		4,374		(52	)	(2	)
Total wholesale loans	402,847		403,255		393,903		388,305		390,823		—		3
Total loans	913,761		908,767		895,974		894,765		888,054		1		3
Derivative receivables	58,260		56,506		56,063		64,078		65,579		3		(11	)
Receivables from customers and other (c)	19,350		19,531		21,473		17,560		19,163		(1	)	1
Total credit-related assets	991,371		984,804		973,510		976,403		972,796		1		2
Lending-related commitments
Consumer, excluding credit card	55,071		58,162		53,594		54,797		59,990		(5	)	(8	)
Credit card	574,641		576,264		577,096		553,891		549,634		—		5
Wholesale	372,380		366,498		364,520		368,014		368,987		2		1
Total lending-related commitments	1,002,092		1,000,924		995,210		976,702		978,611		—		2
Total credit exposure	$	1,993,463	$	1,985,728	$	1,968,720	$	1,953,105	$	1,951,407	—		2
Memo: Total by category
Consumer exposure (d)	$	1,140,758	$	1,140,074	$	1,132,889	$	1,115,268	$	1,106,980	—		3
Wholesale exposures (e)	852,705		845,654		835,831		837,837		844,427		1		1
Total credit exposure	$	1,993,463	$	1,985,728	$	1,968,720	$	1,953,105	$	1,951,407	—		2

Note 1: In the first quarter of 2017, the Firm transferred the student loan portfolio to held-for-sale. Net charge-offs related to the portfolio predominantly reflect a write-down to the estimated fair value of the portfolio at the time of the transfer. This transfer impacted certain loan and credit-related metrics disclosed on pages 12-13 and 24-27.

Note 2: The Firm provides several non-GAAP financial measures which exclude the impact of PCI loans. For further discussion of these measures, see page 28.

(a) Includes loans reported in CCB, prime mortgage and home equity loans reported in AWM, and prime mortgage loans reported in Corporate.

(b) Includes loans reported in CIB, CB and AWM business segments and Corporate.

(c) Predominantly includes receivables from customers, which represent margin loans to prime and retail brokerage customers; these are classified in accrued interest and accounts receivable on the Consolidated balance sheets.

(d) Represents total consumer loans and lending-related commitments.

(e) Represents total wholesale loans, lending-related commitments, derivative receivables, and receivables from customers and other.

Page 24

JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions, except ratio data)
																Sep 30, 2017
																Change
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,		Sep 30,
	2017			2017			2017			2016			2016			2017		2016
NONPERFORMING ASSETS (a)
Consumer nonaccrual loans (b)(c)	$	4,161		$	4,226		$	4,549		$	4,820		$	4,961		(2	)	(16	)
Wholesale nonaccrual loans
Loans retained	1,470			1,634			1,571			1,954			2,151			(10	)	(32	)
Loans held-for-sale and loans at fair value	2			31			109			109			26			(94	)	(92	)
Total wholesale nonaccrual loans	1,472			1,665			1,680			2,063			2,177			(12	)	(32	)
Total nonaccrual loans	5,633			5,891			6,229			6,883			7,138			(4	)	(21	)
Derivative receivables	164			170			179			223			232			(4	)	(29	)
Assets acquired in loan satisfactions	357			371			418			429			409			(4	)	(13	)
Total nonperforming assets	6,154			6,432			6,826			7,535			7,779			(4	)	(21	)
Wholesale lending-related commitments (d)	764			750			882			506			503			2		52
Total nonperforming exposure	$	6,918		$	7,182		$	7,708		$	8,041		$	8,282		(4	)	(16	)
NONACCRUAL LOAN-RELATED RATIOS
Total nonaccrual loans to total loans	0.62		%	0.65		%	0.70		%	0.77		%	0.80		%
Total consumer, excluding credit card nonaccrual loans to
total consumer, excluding credit card loans	1.13			1.16			1.24			1.32			1.36
Total wholesale nonaccrual loans to total
wholesale loans	0.37			0.41			0.43			0.53			0.56

(a) At September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, nonperforming assets excluded: (1) mortgage loans insured by U.S. government agencies of $4.0 billion, $4.1 billion, $4.5 billion, $5.0 billion and $5.0 billion, respectively, that are 90 or more days past due; and (2) real estate owned (“REO”) insured by U.S. government agencies of $99 million, $105 million, $121 million, $142 million and $163 million, respectively. Student loans insured by U.S. government agencies under FFELP and 90 or more days past due were also excluded from nonperforming assets prior to sale of the student loan portfolio in the second quarter of 2017. These amounts have been excluded based upon the government guarantee. In addition, the Firm’s policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance issued by the Federal Financial Institutions Examination Council (“FFIEC”). Under this guidance, non-modified credit card loans are charged off by the end of the month in which the account becomes 180 days past due, while modified credit card loans are charged off when the account becomes 120 days past due. Moreover, all credit card loans must be charged off within 60 days of receiving notification about certain specified events (e.g., bankruptcy of the borrower).

(b) Included nonaccrual loans held-for-sale of $3 million, $33 million, $156 million, $53 million and $53 million at September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016, respectively.

(c) Excludes PCI loans. The Firm is recognizing interest income on each pool of PCI loans as they are all performing.

(d) Represents commitments that are risk rated as nonaccrual.

Page 25

JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions, except ratio data)
	QUARTERLY TRENDS																				NINE MONTHS ENDED SEPTEMBER 30,
																	3Q17 Change											2017 Change
	3Q17			2Q17			1Q17				4Q16			3Q16			2Q17		3Q16		2017				2016			2016
SUMMARY OF CHANGES IN THE ALLOWANCES
ALLOWANCE FOR LOAN LOSSES
Beginning balance	$	13,363		$	13,413		$	13,776			$	14,204		$	14,227		—	%	(6	)%	$	13,776			$	13,555		2	%
Net charge-offs:
Gross charge-offs	1,550			1,468			1,959				1,532			1,375			6		13		4,977				4,165			19
Gross recoveries	(285		)	(264		)	(305		)		(252		)	(254		)	(8	)	(12	)	(854		)		(753		)	(13	)
Net charge-offs (a)	1,265			1,204			1,654				1,280			1,121			5		13		4,123				3,412			21
Write-offs of PCI loans (b)	20			22			24				32			36			(9	)	(44	)	66				124			(47	)
Provision for loan losses	1,460			1,175			1,316				896			1,132			24		29		3,951				4,184			(6	)
Other	1			1			(1		)		(12		)	2			—		(50	)	1				1			—
Ending balance	$	13,539		$	13,363		$	13,413			$	13,776		$	14,204		1		(5	)	$	13,539			$	14,204		(5	)
ALLOWANCE FOR LENDING-RELATED COMMITMENTS
Beginning balance	$	1,117		$	1,077		$	1,078			$	1,100		$	960		4		16		$	1,078			$	786		37
Provision for lending-related commitments	(8		)	40			(1		)		(32		)	139			NM		NM		31				313			(90	)
Other	—			—			—				10			1			—		(100	)	—				1			(100	)
Ending balance	$	1,109		$	1,117		$	1,077			$	1,078		$	1,100		(1	)	1		$	1,109			$	1,100		1
Total allowance for credit losses	$	14,648		$	14,480		$	14,490			$	14,854		$	15,304		1		(4	)	$	14,648			$	15,304		(4	)
NET CHARGE-OFF/(RECOVERY) RATES (a)
Consumer retained, excluding credit card loans (c)	0.22		%	0.12		%	0.76		%	(d)	0.31		%	0.26		%					0.37		%	(d)	0.23		%
Credit card retained loans	2.87			3.01			2.94				2.67			2.51							2.94				2.61
Total consumer retained loans	0.95			0.92			1.35			(d)	0.95			0.86							1.07			(d)	0.87
Wholesale retained loans	0.04			0.06			(0.03		)		0.08			0.05							0.03				0.09
Total retained loans	0.56			0.54			0.76			(d)	0.58			0.51							0.62			(d)	0.53
Consumer retained loans, excluding credit card and
PCI loans	0.24			0.13			0.84			(d)	0.35			0.29							0.40			(d)	0.26
Consumer retained loans, excluding PCI loans	1.02			0.99			1.46			(d)	1.03			0.93							1.15			(d)	0.94
Total retained, excluding PCI loans	0.58			0.56			0.79			(d)	0.60			0.54							0.64			(d)	0.56
Memo: Average retained loans
Consumer retained, excluding credit card loans	$	367,411		$	362,551		$	366,098			$	364,857		$	362,457		1		1		$	365,359			$	356,347		3
Credit card retained loans	141,061			138,032			137,112				136,085			132,626			2		6		138,749				129,401			7
Total average retained consumer loans	508,472			500,583			503,210				500,942			495,083			2		3		504,108				485,748			4
Wholesale retained loans	395,420			392,257			382,367				382,360			374,593			1		6		390,062				368,225			6
Total average retained loans	$	903,892		$	892,840		$	885,577			$	883,302		$	869,676		1		4		$	894,170			$	853,973		5
Consumer retained, excluding credit card and
PCI loans	$	334,987		$	328,816		$	331,057			$	328,507		$	324,741		2		3		$	331,635			$	317,301		5
Consumer retained, excluding PCI loans	476,048			466,848			468,169				464,592			457,367			2		4		470,384				446,702			5
Total retained, excluding PCI loans	871,465			859,102			850,533				846,949			831,956			1		5		860,443				814,923			6

Note: During the second quarter of 2017, the Firm refined its loss estimates on the wholesale portfolio by incorporating the use of internal historical data versus external credit rating agency default statistics to estimate probability of default. In addition, an adjustment to the modeled loss estimates for wholesale lending-related commitments was incorporated similar to the adjustment applied for wholesale loans. The impacts of these refinements were not material to the allowance for credit losses.

(a) Net charge-offs and net charge-off rates for the three and nine months ended September 30, 2017 included $63 million of incremental charge-offs recorded in accordance with regulatory guidance regarding the timing of loss recognition for certain auto and residential real estate loans in bankruptcy and auto loans where assets were acquired in loan satisfaction.

(b) Write-offs of PCI loans are recorded against the allowance for loan losses when actual losses for a pool exceed estimated losses that were recorded as purchase accounting adjustments at the time of acquisition. A write-off of a PCI loan is recognized when the underlying loan is removed from a pool (e.g., upon liquidation).

(c) The net charge-off rates exclude the write-offs in the PCI portfolio. These write-offs decreased the allowance for loan losses for PCI loans.

(d) During the first quarter of 2017, the Firm transferred the student loan portfolio to held-for-sale, resulting in a write-down of the portfolio to the estimated fair value at the time of the transfer. For the three months ended March 31, 2017, excluding net charge-offs of $467 million related to the transfer, the net charge-off rate for Consumer retained, excluding credit card loans, would have been 0.24%; Total consumer retained loans would have been 0.98%; Total retained loans would have been 0.54%; Consumer retained, excluding credit card loans and PCI loans would have been 0.27%; Total consumer retained loans excluding PCI loans would have been 1.05%; and Total retained, excluding PCI loans would have been 0.57%. For the nine months ended September 30, 2017, the net charge-off rate for Consumer retained, excluding credit card loans would have been 0.20%; Total consumer retained loans would have been 0.95%; Total retained loans would have been 0.55%; Consumer retained, excluding credit card loans and PCI loans would have been 0.22%; Total consumer retained loans excluding PCI loans would have been 1.02%; and Total retained, excluding PCI loans would have been 0.57%.

Page 26

JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions, except ratio data)
																Sep 30, 2017
																Change
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,		Sep 30,
	2017			2017			2017			2016			2016			2017		2016
ALLOWANCE COMPONENTS AND RATIOS
ALLOWANCE FOR LOAN LOSSES
Consumer, excluding credit card
Asset-specific (a)	$	271		$	296		$	300		$	308		$	352		(8	)%	(23	)%
Formula-based	2,266			2,239			2,339			2,579			2,667			1		(15	)
PCI	2,245			2,265			2,287			2,311			2,618			(1	)	(14	)
Total consumer, excluding credit card	4,782			4,800			4,926			5,198			5,637			—		(15	)
Credit card
Asset-specific (a)(b)	376			370			373			358			363			2		4
Formula-based	4,308			4,014			3,661			3,676			3,521			7		22
Total credit card	4,684			4,384			4,034			4,034			3,884			7		21
Total consumer	9,466			9,184			8,960			9,232			9,521			3		(1	)
Wholesale
Asset-specific (a)	363			345			249			342			490			5		(26	)
Formula-based	3,710			3,834			4,204			4,202			4,193			(3	)	(12	)
Total wholesale	4,073			4,179			4,453			4,544			4,683			(3	)	(13	)
Total allowance for loan losses	13,539			13,363			13,413			13,776			14,204			1		(5	)
Allowance for lending-related commitments	1,109			1,117			1,077			1,078			1,100			(1	)	1
Total allowance for credit losses	$	14,648		$	14,480		$	14,490		$	14,854		$	15,304		1		(4	)
CREDIT RATIOS
Consumer, excluding credit card allowance, to total
consumer, excluding credit card retained loans	1.29		%	1.31		%	1.37		%	1.43		%	1.55		%
Credit card allowance to total credit card retained loans	3.32			3.13			2.99			2.85			2.91
Wholesale allowance to total wholesale retained loans	1.02			1.06			1.15			1.18			1.21
Wholesale allowance to total wholesale retained loans,
excluding trade finance and conduits (c)	1.12			1.17			1.27			1.30			1.33
Total allowance to total retained loans	1.49			1.49			1.52			1.55			1.61
Consumer, excluding credit card allowance, to consumer,
excluding credit card retained nonaccrual loans (d)	115			114			112			109			115
Total allowance, excluding credit card allowance, to retained
nonaccrual loans, excluding credit card nonaccrual loans (d)	157			154			157			145			146
Wholesale allowance to wholesale retained nonaccrual loans	277			256			283			233			218
Total allowance to total retained nonaccrual loans	241			229			225			205			201
CREDIT RATIOS, excluding PCI loans
Consumer, excluding credit card allowance, to total
consumer, excluding credit card retained loans	0.75			0.76			0.81			0.88			0.93
Total allowance to total retained loans	1.29			1.28			1.31			1.34			1.37
Consumer, excluding credit card allowance, to consumer,
excluding credit card retained nonaccrual loans (d)	61			60			60			61			62
Allowance, excluding credit card allowance, to retained non-
accrual loans, excluding credit card nonaccrual loans (d)	117			115			119			111			109
Total allowance to total retained nonaccrual loans	201			190			187			171			164

(a) Includes risk-rated loans that have been placed on nonaccrual status and loans that have been modified in a troubled debt restructuring (“TDR”).

(b) The asset-specific credit card allowance for loan losses relates to loans that have been modified in a TDR; the Firm calculates such allowance based on the loans’ original contractual interest rates and does not consider any incremental penalty rates.

(c) Management uses allowance for loan losses to period-end loans retained, excluding CIB’s trade finance and conduits, a non-GAAP financial measure, to provide a more meaningful assessment of the wholesale allowance coverage ratio.

(d) For information on the Firm’s nonaccrual policy for credit card loans, see footnote (a) on page 25.

Page 27

JPMORGAN CHASE & CO.
NON-GAAP FINANCIAL MEASURES AND KEY PERFORMANCE MEASURES

Non-GAAP Financial Measures

(a) In addition to analyzing the Firm’s results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a “managed” basis; these Firmwide managed basis results are considered non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. The Firm’s definition of managed basis starts, in each case, with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm and each of the reportable business segments on a FTE basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. These financial measures allow management to assess the comparability of revenue arising from both taxable and tax-exempt sources. The corresponding income tax impact related to tax-exempt items is recorded within income tax expense. These adjustments have no impact on net income as reported by the Firm as a whole or by the lines of business.

(b) Tangible common equity (“TCE”), Return on tangible common equity (“ROTCE”), and Tangible book value per share (“TBVPS”) are non-GAAP financial measures. TCE represents the Firm’s common stockholders’ equity (i.e., total stockholders’ equity less preferred stock) less goodwill and identifiable intangible assets (other than MSRs), net of related deferred tax liabilities. ROTCE measures the Firm’s net income applicable to common equity as a percentage of average TCE. TBVPS represents the Firm’s TCE at period-end divided by common shares at period-end. TCE, ROTCE, and TBVPS are meaningful to the Firm, as well as investors and analysts, in assessing the Firm’s use of equity.

(c) The ratios of the allowance for loan losses to period-end loans retained, the allowance for loan losses to nonaccrual loans retained, and nonaccrual loans to total period-end loans excluding credit card and PCI loans, exclude the following: loans accounted for at fair value and loans held-for-sale; PCI loans; and the allowance for loan losses related to PCI loans. Additionally, net charge-offs and net charge-off rates exclude the impact of PCI loans. The ratio of the wholesale allowance for loan losses to period-end loans retained, excluding trade finance and conduits, is calculated excluding loans accounted for at fair value, loans held-for-sale, CIB’s trade finance loans and consolidated Firm-administered multi-seller conduits, as well as their related allowances, to provide a more meaningful assessment of the wholesale allowance coverage ratio.

(d) CIB calculates the ratio of the allowance for loan losses to end-of-period loans excluding the impact of consolidated Firm-administered multi-seller conduits and trade finance loans, to provide a more meaningful assessment of CIB’s allowance coverage ratio.

Key Performance Measures

(a) Core loans represent loans considered central to the Firm’s ongoing businesses; core loans exclude loans classified as trading assets, runoff portfolios, discontinued portfolios and portfolios the Firm has an intent to exit.

Page 28