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JPM Retail Presentation November 4th 2010

JPM Retail Presentation November 4th 2010

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Published by rryan123123
JPM Retail Presentation. November 4th, 2010. This presentation deals with the foreclosure and put-back issues.
JPM Retail Presentation. November 4th, 2010. This presentation deals with the foreclosure and put-back issues.

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Categories:Business/Law, Finance
Published by: rryan123123 on Nov 04, 2010
Copyright:Attribution Non-commercial

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11/05/2011

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BANCANALYSTSASSOCIATIONOFBOSTONCONFERENCE
 
November 4th, 2010
, ,
 
Net income ($ in millions)
Retail Financial Services —Results
3Q103Q092Q103Q10ROERetail Banking$1,043$914$848Mortgage & Auto, etc. (excluding repurchases)6987521,060 
Subtotal $1,741 $1,666 $1,908 41%
Repurchase Losses(286)(388)(853)  Real Estate Portfolios(1,448)(236)(148) 
Retail Financial Services $7 $1,042 $907 13%
   C   E
Retail Banking 3Q10 run rate fully reflects impact of NSF/OD regulatorychanges
Mortgage production revenue –high volumes and wider margins on lowrates; Auto Finance record year-to-date on strong credit performanceand competitive positioning
Repurchase losses remain high; 3Q10 reserve build reflects increasingtrend in Agency requests for loan files and repurchase demands
Real Estate Portfolios run-off consistent with guidance –delinquenciesremain flat QoQ; 4Q10 losses expected to remain flat to 3Q10
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Retail businesses well-positioned for the current environment and significantchanges ahead
NSF/OD
Debit Interchange
Bureau of Consumer Financial Protection
Economic/Housing/Credit environment
Real Estate Portfolios Run-off 
   C   E
 
Foreclosures
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   B   A   N   C   A   N   A   L   Y   S   T   S   A   S   S   O   C   I   A   T   I   O   N   O   F   B   O   S   T   O   N   C   O   N   F   E   R   E

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