Diversified Banks

demand / volume

“Loans increased, driven by: • higher wholesale loans in CIB due to higher client demand, and • higher securities-based lending in AWM due to higher client demand, partially offset by • a reduction in Card Services due to the impact of seasonality.”

JPM 10-Q

restructuring affecting expense

“Noncompensation expense was flat, reflecting the following offsetting items: • higher brokerage expense in CIB and higher distribution fees in AWM, • higher depreciation expense on higher auto operating lease assets in CCB, • higher investments in marketing in CCB and in technology across the segments, as well as • higher occupancy expense, reflecting the impact of net additions to the Firm’s properties, offset by • the absence in Corporate of the following items recorded in the prior year – a $1.0 billion contribution of Visa shares to the JPMorgan Chase Foundation, and – restructuring and integration costs associated with First Republic, • lower FDIC-related expense driven by releases of FDIC special assessment accruals of $437 million in Corporate, compared with an accrual increase of $725 million in the first quarter of the prior year, and • lower legal expense, largely in AWM.”

JPM 10-Q

credit / rates

“In 2024, cash provided reflected higher securities loaned or sold under repurchase agreements, higher deposits, and net proceeds from long-and short-term borrowings, partially offset by net redemption of preferred stock.”

JPM 10-Q