1、Building a Strong Foundation2007Annual Report JPMorgan Chase&Co.(NYSE:JPM)is a leading global financial services firm withassets of$1.6 trillion and operations in more than 60 countries.The firm is a leader ininvestment banking,financial services for consumers,small business and commercialbanking,fi
2、nancial transaction processing,asset management and private equity.A component of the Dow Jones Industrial Average,JPMorgan Chase serves millions of consumers in the United States and many of the worlds most prominent corporate,institutional and government clients under its JPMorgan and Chase brands
3、.Information about JPMorgan capabilities can be found at andabout Chase capabilities at .Information about the firm is available at .As of or for the year ended December 31,(in millions,except per share,ratio and headcount data)20072006Reported basis(a)Total net revenue$71,372$61,999Provision for cr
4、edit losses 6,864 3,270Total noninterest expense 41,70338,843Income from continuing operations15,36513,649Net income$15,365$14,444Per common share:Basic earnings per shareIncome from continuing operations$4.51$3.93Net income4.514.16Diluted earnings per shareIncome from continuing operations$4.38$3.8
5、2Net income4.384.04Cash dividends declared per share1.481.36Book value per share36.5933.45Return on common equityIncome from continuing operations13%12%Net income1313Return on common equity(net of goodwill)Income from continuing operations21%20%Net income2122Tier 1 capital ratio 8.48.7Total capital
6、ratio 12.612.3Total assets$1,562,147$1,351,520Loans 519,374483,127Deposits 740,728638,788Total stockholders equity 123,221115,790Headcount180,667174,360(a)Results are presented in accordance with accounting principles generally accepted in the United States of America.Financial Highlights1Net Revenu