JPMorgan Chase & Co (FRA:CMCI)

€ 19.2 -0.2 (-1.03%) Market Cap: 573.47 Bil Enterprise Value: 617.77 Bil PE Ratio: 12.23 PB Ratio: 1.91 GF Score: 80/100

Q1 2021 JPMorgan Chase & Co Earnings Call Transcript

Apr 14, 2021 / 12:30PM GMT

Transcript

Operator

Good morning, ladies and gentlemen. Welcome to JPMorgan Chase's First Quarter 2021 Earnings Call. This call is being recorded. (Operator Instructions) We will now go live to the presentation. Please stand by.

At this time, I would like to turn the call over to JPMorgan Chase's Chairman and CEO, Jamie Dimon; and Chief Financial Officer, Jennifer Piepszak. Ms. Piepszak, please go ahead.

Jennifer A. Piepszak

JPMorgan Chase & Co. - Executive VP & CFO

Thank you, operator. Good morning, everyone. I'll take you through the presentation, which, as always, is available on our website, and we ask that you please refer to the disclaimer at the back.

Starting on Page 1. The firm reported net income of $14.3 billion, EPS of $4.50 on revenue of $33.1 billion and delivered a return on tangible common equity of 29%. Included in these results are 2 significant items: $5.2 billion of net credit reserve releases, which I'll cover in more detail shortly; and a $550 million contribution to the firm's foundation in the form of equity investments.

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