Firm reports full-year 2007 earnings and revenue
J.P. Morgan has recently announced fourth quarter and full-year results. Overall, the firm performed well for the year. Despite difficult markets in the second half, JPMorgan Chase produced record net income of $15.5 billion on record revenue of nearly $75 billion for 2007. Specifically for J.P. Morgan's investment bank performance relative to our investment bank peers, we finished in the top quartile this year. We are very fortunate to be a part of a strong, diversified, first-class franchise that is very well positioned for the long term.
Here are some full-year performance highlights for the Investment Bank:
- Net revenue of $18.2 billion (our second highest)
- Net income of $3.1 billion
- Record 4Q advisory fees and equity underwriting fees
- Thanks to a strong first half of the year, revenue in Debt underwriting was $2.6 billion, our second highest ever
- Despite a tough second half, Equity Markets delivered record revenue for the year
League Table Highlights as of December 31, 2007 YTD (Sources: Thomson Financial, Dealogic)
Global rankings:
- Loan Syndications #1
- Leveraged Loans #1
- High Yield #1
- Convertible Offerings #1
- Equity and Equity-related #2
- Debt, Equity and Equity-related #2
- Long-term Bonds #2
We're also very proud to share some of the honors we earned in 2007:
- We were named Best Overall Investment Bank in the Americas by more than 350 clients who participated in Institutional Investor'sinaugural survey
- Risk Magazine named J.P. Morgan Derivatives House of the Year
- A record number of our research analysts were recognized by Institutional Investor's 2007 Research Survey for the quality of their insights and service to investor clients
- J.P. Morgan was ranked in the top 10 of BusinessWeek's 50 Best Internships
- Vault voted J.P. Morgan best training program out of all Investment and Commercial Banks
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