JPMorgan Chase Bank, National Association
Analysis
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Edited by General
As the largest bank in the US, Chase has a massive network of consumer touchpoints, including hundreds of fully staffed branches and full range of checking, savings, CD and lending products.
Advantages
- Chase has over 4,900 branches and 15,000 ATMs.
- The bank's mobile app is outstanding and allows for a single view of all of your Chase accounts and credit cards.
- Chase often rewards customers with large bonuses for opening accounts or depositing large sums, particularly customers in New York and California.
Disadvantages
- As the largest bank in the US, Chase should be much more proactive about addressing the climate crisis, but it has continued to heavily fund fossil fuels.
- Rates on Chase's savings and checking accounts are ordinarily not competitive (although Chase has issued competitive brokered CDs available through other brokers).
- ATM fees are high, although they are waived for those with Sapphire status (over $75,000 on deposit at the bank) or Private Client status (over $150,000).
Financial Details
JPMorgan Chase Bank, National Association Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of JPMorgan Chase Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| JPMorgan Chase Bank, National Association | U.S. Bank Average |
|---|---|
| 3.23% | 4.29% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of March 31, 2024, JPMorgan Chase Bank, National Association had $10,311,000,000 in non-current loans and $259,000,000 in owned real estate. To cover these potential losses it had $305,038,000,000 in equity and $22,266,000,000 in loans loss reserves. That gives it a Texas Ratio of 3.23%.
Return on Equity
| JPMorgan Chase Bank, National Association | U.S. Bank Average |
|---|---|
| 15.51% | 10.46% |
JPMorgan Chase Bank, National Association has a Return on Equity of 15.51% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| JPMorgan Chase Bank, National Association | U.S. Bank Average |
|---|---|
| 14.2% | 10.73% |
JPMorgan Chase Bank, National Association has a Capitalization of 14.2% versus the BestCashCow average of 10.73. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
JPMorgan Chase Bank, National Association Balance Sheet Analysis
As of March 31, 2024, JPMorgan Chase Bank, National Association had assets of $3,503,360,000,000, loans of $1,296,893,000,000, and deposits of $2,147,483,647,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
March 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 562.52 billion |
| Interest-bearing balances | $ 540.00 billion |
| Total securities | $ 571.29 billion |
| Federal funds sold and reverse repurchase | $ 312.72 billion |
| Net loans and leases | $ 1,296.89 billion |
| Loan loss allowance | $ 22.27 billion |
| Trading account assets | $ 475.61 billion |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 259.00 million |
| Goodwill and other intangibles | $ 50.31 billion |
| All other assets | $ 206.51 billion |
| Total Assets | $ 2,147.48 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 2,147.48 billion |
| Interest-bearing deposits | $ 1,840.63 billion |
| Deposits held in domestic offices | $ 2,061.11 billion |
| % insured (estimated) | 39.57% |
| Federal funds purchased and repurchase agreements | $ 117.86 billion |
| Trading liabilities | $ 126.14 billion |
| Other borrowed funds | $ 100.74 billion |
| Subordinated debt | $ 254.00 million |
| All other liabilities | $ 160.31 billion |
| Total Liabilities | $ 2,147.48 billion |
| Shareholders’ Equity | N.A. |
Summary Income Statement
March 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 41.93 billion |
| Total Interest Expense | $ 18.36 billion |
| Net interest income | $ 23.57 billion |
| Provision for loan and lease losses | $ 1,879.00 million |
| Total non interest income | $ 14.69 billion |
| Total non interest expense | $ 20.86 billion |
| Pre-tax Net Operating Income | $ 19.21 billion |
Bank Loan Profile?
The top three loan types in JPMorgan Chase Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Credit Card Loans.
Compared to other banks in Ohio, JPMorgan Chase Bank, National Association has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, Credit Card Loans, Consumer Auto Loans, Small Business Loans, Construction and Development Loans, Commercial Real Estate, Commercial and Industrial Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 19.40 | ✓ | ||
| Multifamily Mortgages |
6.00 | ✓ | ||
| Credit Card Loans | 11.29 | ✓ | ||
| Consumer Auto Loans | 4.56 | ✓ | ||
| Small Business Loans | 0.31 | ✓ | ||
| Construction and Development Loans | 0.73 | ✓ | ||
| Commercial Real Estate | 3.27 | ✓ | ||
| Commercial and Industrial Loans | 14.92 | ✓ | ||
| Farm Loans | 0.07 | ✓ | ||
Best Rate
Savings Fees
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
Climate Strategy
Chase has provided a fully flushed out Climate Policy and has been part of syndicates providing project finance facilities to major Iberdrola and Orsted wind projects. The bank however refuses to slow its lending to the fossil fuel sector.
JPMorgan Chase Bank, National Association Reviews
Hayley7788d@outlook.com
January 2, 2023 |
Terrible customer service by investment side. Fees too high , too full of themselves
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