secwatch.observer — SEC 8-K summary
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Issuer:     JPMORGAN CHASE & CO (JPM)
CIK:        0000019617
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0000019617-23-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JPMorgan Q4 net income $11.0B ($3.57 EPS) vs $10.4B a year ago; revenue $34.5B
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- Q4 net income $11.0B ($3.57 EPS) vs $10.4B ($3.33) in 4Q21; full-year net income $37.7B ($12.09 EPS).
- Managed revenue $35.6B included $914M gain on Visa B share sale and $874M net investment securities losses.
- Credit costs $2.3B comprised $1.4B net reserve build and $887M net charge-offs; CET1 ratio 13.2% (Std) vs 13% target.
- Common dividend $1.00 per share; firm expects to resume stock buybacks this quarter after exceeding capital target.
- ROE 16% (Q) and 14% (FY); ROTCE 20% (Q); average loans up 6% YoY; deposits down 4% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000001961723000063/0000019617-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000001961723000063/jpm-20230113.htm
  HTML page:      https://secwatch.observer/filing/0000019617-23-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer