JPMorgan Chase & Co.'s (JPM) CEO Jamie Dimon on Q4 2020 Results - Earnings Call Transcript

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JPMorgan Chase & Co. (NYSE:JPM) Q4 2020 Earnings Conference Call January 15, 2021 8:30 AM ET

Company Participants

Jamie Dimon - Chairman and CEO

Jennifer Piepszak - Chief Financial Officer

Conference Call Participants

Steven Chubak - Wolfe Research

Jim Mitchell - Seaport Global Security

John McDonald - Autonomous Research

Erika Najarian - Bank of America

Betsy Graseck - Morgan Stanley

Ken Usdin - Jefferies

Glenn Schorr - Evercore ISI

Mike Mayo - Wells Fargo

Brian Kleinhanzl - KBW

Gerard Cassidy - RBC Capital Markets

Matt O’Connor - Deutsche Bank

Charles Peabody - Portales

Andrew Lim - Société Générale

Operator

Please standby. We are about to begin. Good morning, ladies and gentlemen. Welcome to JPMorgan Chase’s Fourth Quarter 2020 Earnings Call. This call is being recorded. Your lines will be muted for the duration of the call. We will now go live for the presentation. Please standby.

At this time, I would like to turn the call over to JPMorgan Chase’s Chairman and CEO, Jamie Dimon; and Chief Financial Officer, Jennifer Piepszak. Ms. Piepszak, please go ahead.

Jennifer Piepszak

Thank you, Operator. Good morning, everyone. The presentation as always is available on our website and we ask that you please refer to the disclaimer at the back. It’s slightly longer this quarter, given we are not having Investor Day, and so after I review our results, I will spend some time on our outlook for 2021 as well as touch on a few important balance sheet topics that are top of mind for us.

So starting on page one for the fourth quarter. The firm reported net income of $12.1 billion, EPS of $3.79 on revenue of $13.2 billion, and delivered a return on tangible common equity of 24%. Included in these results are approximately $3 billion of credit reserve releases.

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