J.P. Morgan Chase & Co
Industry: Money Center Banks

J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $741 billion and operations in more than 50 countries. With relationships with over 99% of the Fortune 1000 companies, the firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services, and retail and middle market financial services. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients.

Business Summary
JPMorgan Chase & Co. (JPMorgan Chase), formerly J.P. Morgan Chase & Co., incorporated in 1968, is a global financial services firm with operations in more than 50 countries. JPMorgan Chase's principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank), a national banking association with branches in 17 states, and Chase Bank USA, National Association (Chase USA), a national association that is the Firm's credit card-issuing bank. JPMorgan Chase's principal non-banking subsidiary is J.P. Morgan Securities Inc. (JPMSI), its United States investment banking firm. The Company's wholesale businesses are comprised of four segments: Investment bank, Treasury and securities services, Commercial banking and Asset and wealth management. The Company's consumer businesses are comprised of Retail financial services and Card services.

Financial Summary
For the nine months ended 30 September 2005, JPMorgan Chase & Co.'s interest income rose 59% to $33.02B. Net interest income after LLP rose 28% to $12.82B. Net income applicable to Common rose from $2.76B to $5.77B. Net interest income reflects higher earning asset balances due to the Bank One merger and higher yields on earning assets, partially offset by lower net interest spreads. Net income also reflects an increase in non-interest revenue.