摩根大通JPMorgan Chase & Co (JPM) 2003年年度报告「NYSE」.pdf

1、delivering results:ANNUAL REPORT 2003As of or for the year ended December 31,(in millions,except per share and ratio data)200320022001Reported basisRevenue$33,256$29,614$29,344Noninterest expense(excluding mergerand restructuring costs)21,68821,55421,073Merger and restructuring costs1,2102,523Provis

2、ion for credit losses1,5404,3313,182Net income6,7191,6631,694Net income per share:Basic3.320.810.83Diluted3.240.800.80Cash dividends declared per share1.361.361.36Total assets770,912758,800693,575Total stockholders equity46,15442,30641,099Tier 1 capital ratio8.5%8.2%8.3%Total capital ratio11.812.011

3、.9Tier 1 leverage ratio5.65.15.2Operating basis(a)Revenue$35,126$31,053$30,392Earnings6,7193,3843,802Shareholder value added1,509(1,631)(1,247)Return on average common equity16%8%9%Overhead ratio626567(a)Includes credit card receivables that have been securitized.Amounts shown prior to 2003 exclude

4、merger and restructuring costs,and special items.For a further discussion,see Basis of presentationon page 27 of this Annual Report.Financial highlightsON THE COVER:Eileen Liu is just one of the more than 93,000 JPMorgan Chase skilled professionals,based inmore than 50 countries around the world,who

5、 helped the firm deliver results in 2003.Employee team photosappear throughout the Annual Report to help illustrate some of the years significant accomplishments.Market leaders are results leaders.A truly top-tier firm does morethan make markets or serve customers.It delivers value to shareholders,s

6、olutions to clients,and capital to the markets andcommunities in which it conducts business.JPMorgan Chase,a global market leader,is driven to produceresults.We enjoy deep,varied expertise across multiple areas ofthe firm and fuse it for the benefit of our clients.When we collab-orate harnessing our