JP Morgan Chase & Co (NYSE:JPM) has released the financial results for fiscal 2009 fourth quarter. The report highlights show a 2009 full year net income of $11.7 billion, or $2.26 per share on revenue of $108.6 billion. The company’s fourth quarter net income was $3.3 billion, up from the previously earned $702 million earned during the previous year’s comparable period. Earnings per share were $0.74 versus $0.06 during the same period of the previous year.
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The company held a conference call to review the financial results. The call is available as replay on the company’s website, http://www.jpmorganchase.com/, on the Investor Presentations page of the Investor Relations section. A telephone replay will also be available until January 30, at 800.642.1687, or 706.645.9291 for international listeners. The conference ID for the replay is 45415483.
JPMorgan Chase & Co. is a financial holding company. Its principal bank subsidiaries are JPMorgan Chase Bank, National Association, a national banking association with branches in 23 states, and Chase Bank USA, National Association, a national bank that is the Company's credit card issuing bank. JPMorgan Chase's principal non-banking subsidiary is J.P. Morgan Securities Inc., its United States investment banking firm. Its activities are organized into six business segments: Investment Bank, Retail Financial Services (RFS), Card Services (CS), Commercial Banking (CB), Treasury & Securities Services (TSS) and Asset Management (AM). Its wholesale business comprises the Investment Bank, Commercial Banking, TSS and Asset & Wealth Management. Its consumer business comprises RFS and CS. It also has a corporate segment, which includes Private Equity, Treasury and Corporate operations. In February 2009, the Company acquired UBS Commodities Canada Ltd. and UBS AG’s global agricultural business.
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