1、2006ANNUAL REPORTJPMORGAN CHASE&CO.JPMorgan Chase&Co.(NYSE:JPM)is a leading global financial services firm with assets of$1.4 trillion and operations in more than 50 countries.The firm is a leader in investment banking,financial services forconsumers,small business and commercial banking,financial t
2、ransaction 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.Informat
3、ion about JPMorgan capabilities can be found at and about 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)20062005Reported basis(a)Total net revenue$61,437$53,748Provision for credit los
4、ses 3,270 3,483Total noninterest expense 38,28138,426Income from continuing operations13,6498,254Net income$14,444$8,483Per common share:Basic earnings per shareIncome from continuing operations$3.93$2.36Net income4.162.43Diluted earnings per shareIncome from continuing operations$3.82$2.32Net incom
5、e4.042.38Cash dividends declared per share1.361.36Book value per share33.4530.71Return on common equityIncome from continuing operations12%8%Net income138Return on common equity(net of goodwill)Income from continuing operations20%13%Net income2214Tier 1 capital ratio 8.78.5Total capital ratio 12.312
6、.0Total assets$1,351,520$1,198,942Loans 483,127419,148Deposits 638,788554,991Total stockholders equity 115,790107,211Headcount174,360168,847(a)Results are presented in accordance with accounting principles generally accepted in the United States of America.F I N A N C I A L H I G H L I G H T S505560