Company Overview Patrick Liu Qiong Wang Robert Jones Ryan Griswold

Overview


Operations New York Headquarters Assets of $1.3 trillion and operations in more than 50 countries. Serving 8,000 issuer and 16,400 investor clients in more than 100 countries.
    

Investment Banking Asset & Wealth Management Private Equity Treasury & Securities Proprietary Investing & Trading

Investment Bank Rankings

League Table Rankings Third Quarter 2006

Global Syndicated Loans Global Leveraged Loans Global Long-Term Debt LongGlobal Debt, Equity & Equity-Related EquityGlobal High Yield Corporate Bonds Global Emerging Markets Corporate Debt Global Announced M&A Global Investment Grade Corporate Bonds Global CMBS

#1 #1 #2 #2 #2 #2 #3 #3 #3

Investment Bank Rankings (Cont.)

Recent industry awards Second overall 2006 All-America Fixed Income Research AllInstitutional Investor Ninth overall in "Best Places to Launch a Career Business Week Fifth Overall and Eight Analyst Received Top-5 Ranking Wall TopStreet Journals Captured 13 first-team spots in 2006 All-Asia (ex-Japan) firstAll(exResearch Team poll - Institutional Investor Second in the U.S. in the survey of Wall Street's Best Brokerage Analysts Forbes and Starmine Top 50 companies in the UK "Where Women Want to Work" The Times Second overall in Interdealer Derivative Survey - Risk Best Equity-Linked House and Best Leveraged Finance House EquityEuromoney Best in Credit, Best Structured Credit House, Best in Credit Derivatives and Best Trade Ideas in Research in 2006 European Awards - Credit

Corporate Leadership


Chairman of the board  William B. Harrison, Jr Current CEO  James Dimon CoCo-Chief Executive Officer, Investment Bank  Steven D Black  William T Winters Global Head of Asset & Wealth Management


James E Staley

Corporate Officers Cont.



Chief Executive Officer of Treasury & Securities Services  Heidi G. Miller Head of Retail Financial Services  Charles W Scharf Chief Executive Officer of Global Mortgage business  David Lowman as of 2006 Chief Investment Officer  Ina R. Drew Chief Risk Officer  Don M Wilson

Corporate History


One of the oldest financial institutions, originated in 1799 as The Manhattan Group Once owned by Arron Burr, the winner the infamous dual with Alexander Hamilton Chase purchased J.P. Morgan in 2001 $60 Billion worth of stock Recently merged with Bank One as of July 2004

Financials

Key Financials Market Cap Revenues (ttm) Quarterly Revenue Growth (yoy) Gross Profit (ttm) P/E Price/Book EPS 162.59B 56.29B 10.30% 69.61B 13.28 1.43 3.532

Financial snapshot

Last 6 Months (ending June 30) Line of Business Total Net Revenue Percentage Investment Bank 8883 28% Retail Financial Services 7542 24% Card Services 7349 23% Commercial Banking 1849 6% Treasury & Securities Services 3073 10% Asset & Wealth Management 3204 10% (b) Corporate -473 -2% (b) Total 31427 **in millions

Financial snapshot
6 Months ending June 30th (in millions) Revenue by business 2006 2005 Change Investment banking fees: Advisory 741 622 19% Equity underwriting 576 343 68% Debt underwriting 1,221 985 24% Total investment banking fees 2,538 1,950 30% Fixed income markets 4,030 3,724 8% Equity markets 1743 628 178% Credit portfolio 572 645 -11% Total net revenue 8,883 6,947 28% Revenue by region Americas 4,077 4,074 Europe/Middle East/Africa 3,794 2,089 Asia/Pacific 1,012 784 Total net revenue 8,883 6,947

0% 82% 29% 28%

Stock price snapshot

Notable


Top of league tables this year (see previous slide) JP Morgan leads Global Syndicated Loans & Global Leveraged Loans Second to Citi for global debt & equity underwriting @ $100B Top 3 in Global Announced M&A, Global Investment Grade Corporate Bonds and Global CMBS

Recent News and Developments



 

Acquired Neovest Holdings, Inc., a provider of trading technology and direct market access in 2005 Also paid $2.2 billion to settle classclassaction in regards to Enron Created JV with UK I-Bank ICazenove in 2005, called JPMorgan Cazenove 2005 Announced it will cut ties with private investment arm, JPMorgan Partners.