Q3 2022 JPMorgan Chase & Co Earnings Call Transcript

Jan 23, 2024

Oct 14, 2022 / 12:30PM GMT
Operator

Good morning, ladies and gentlemen. Welcome to JPMorgan Chase's Third Quarter 2022 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, Jeremy Barnum. Mr. Barnum, please go ahead.

Jeremy Barnum - JPMorgan Chase & Co. - CFO

Thank you very much. Good morning, everyone. As always, the presentation is available on our website, and please refer to the disclaimer in the back.

Starting on Page 1. The firm reported net income of $9.7 billion, EPS of $3.12 on revenue of $33.5 billion and delivered an ROTCE of 18%. The only significant item this quarter was discretionary net investment securities losses in corporate of $959 million as a result of repositioning the portfolio by selling U.S. treasuries and mortgages.

Our strong results this quarter reflect the resilience of the franchise in a dynamic environment. Touching on a few highlights, we had a

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