Old Jul 18, 17, 7:07 pm
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Join Date: Jul 2003
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Originally Posted by garykung View Post
I read the latest 10K per your advice. It turns to be the credit card business was significant to JPM, which contribute almost 10% of its noninterest revenue in 2016 (more than 10% in 2014 and 2015). On the other hand, JPM made less money from mortgage.
The Investment banking and Commercial banking, together they are bigger than the Consumer banking in JP Morgan's business model.

In house Trading of Equities and Fixed Income contribute a significant amount of earnings.

The latest quarter just reported, Net Income was $7 Billions.

In comparison, the consumer and community banking unit, JPMorgan's largest business division that operates Chase Bank, reported $11.4 billion in revenue, flat from a year ago.
The unit's net income was $2.2 billion

So, Chase bank's Net Income which is from all activities including business loans, mortgages, credit cards, etc etc, is 28% of the Total Net Income. I dont bother to dig up the number from CC out of the $2.2 billion. Needless to say, it contributes far less than the investment banking and trading activities. That is where the top tier banks make the bulk of their profit.

Last edited by Happy; Jul 18, 17 at 7:22 pm
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