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This statistic highlights JP Morgan’s Revenue By Segment, split across Asset & Wealth Management, Commercial Banking, Consumer & Community Banking, Corporate, Corporate, and Investment Bank.
JP Morgan generates its revenue from the following segments:
|Segment||Q1 2020||Q1 2021||Revenue Share Q1 2021|
|Asset & Wealth Management||$3.61||$4.08||12.32%|
|Consumer & Community Banking||$13.11||$12.52||37.79%|
|Corporate & Investment Bank||$9.95||$14.61||44.10%|
(all figures in billions except percentages)
JP Morgan’s total revenue rose from $29.01 billion in Q1 2020 to $33.13 billion in Q1 2021, marking an increase of 14.20% on a year-on-year basis. During this period, the growth in the company’s total revenue was primarily driven by increased brokerage commissions and higher investment banking fees and asset management fees.
Asset & Wealth Management
JP Morgan’s revenue from Asset & Wealth Management segment increased from $3.61 billion in Q1 2020 to $4.08 billion in Q1 2021, marking an increase of 13.01% on a year-on-year basis. During this period, this segment contributed 12.32% to JP Morgans’s total revenue.
JP Morgan’s Asset & Wealth Management segment offers strategies and solutions on money markets, ETFs, equity markets, retirement products and services, brokerage services, and other asset classes.
JP Morgan’s revenue from the Commercial Banking segment rose from $2.18 billion in Q1 2020 to $2.39 billion in Q1 2021, marking an increase of 9.63% on a year-on-year basis. In Q1 2021, the Commercial Banking segment contributed 7.21% to JP Morgan’s total revenue.
JP Morgan’s Commercial Banking segment provides a variety of innovative financial solutions like treasury services, money lending, wholesale payments, capital market solutions, risk management to large corporates, organizations, and individuals, startups, mid-sized businesses, local governments, and commercial real estate.
Consumer & Community Banking
JP Morgan’s revenue from Consumer & Community Banking segment declined from $13.11 billion in Q1 2020 to $12.52 billion in Q1 2021, a decline of 4.50% on a year-on-year basis. During this period, this segment contributed 37.79% to JP Morgan’s total revenue.
JP Morgan’s Consumer & Community Banking segment provides a range of financial services like payment solutions, credit and debit card issuance, auto loans, money management, and many other services. The company provides these services to individuals, businesses, and corporates. The company offers these services through bank branches, digital banking, telephone banking, and ATM.
Corporate & Investment Bank
JP Morgan’s revenue from Corporate & Investment Bank rose from $9.95 billion in Q1 2020 to $14.61 billion in Q1 2021, marking an increase of 46.83% on a year-on-year basis. In Q1 2021, Corporate & Investment Bank contributed 44.10% to JP Morgan’s total revenue.
JP Morgan’s Corporate & Investment Bank segment provides strategic advice and solutions to investors, financial institutions, merchants, corporates, individuals, governments, and organizations. The company also provides services like risk management, capital raising, and investment banking.
JP Morgan’s revenue from the Corporate segment stood at -$0.47 billion in Q1 2021. During this period, this segment contributed -1.42% to the company’s total revenue.
JP Morgan’s Corporate segment is responsible for managing, monitoring, and reporting the client’s liquidity, capital, funding, and foreign exchange rate risks. This segment also performs other functions like Internal Audit, Corporate Finance, Control Management, and many other services.
JP Morgan Chase & Co is an American multinational company offering financial services like investment banking, commercial banking, consumer banking, and asset management for individuals, organizations, and governments of various countries. The company was founded by JP Morgan, John Thompson, Aaron Burr, and Balthazar Mallick. Jamie Dimon is the current Chairman and CEO of the company. JP Morgan’s main office is located in New York City, United States. JP Morgan employs more than 255,000 people in 62 countries worldwide. The company has offices in the United States, Canada, the United Kingdom, Germany, France, Italy, Spain, Sweden, the Netherlands, Australia, China, Hong Kong, India, Malaysia, Thailand, Indonesia, Singapore, and Japan.
JP Morgan faces tough competition from Morgan Stanley, Goldman Sachs, HSBC, Wells Fargo, Bank Of America, State Street, and Citi Group. Over the years, JP Morgan has acquired companies like The Bear Stearns Companies Inc, Washington Mutual Inc, Cazenove Group, Campbell Global, Xign Corporation, and many more.
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