JP Morgan’s private banking arm posted a
marginal 3% increase in assets under management (AuM) for the
fourth quarter of 2010.

The private bank’s AuM rose to $284bn in the
last quarter to 31 December 2010, a 5% gain on the same quarter
last year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Total AuM, including assets in private
banking, institutional and retail divisions, stood at $1,298bn,
with 66% of the bank’s assets managed for clients in the US and
Canada.

 

Strong revenue
performance

2010 fourth quarter revenue from private
banking was $1.4bn, up 18% compared to the same quarter in
2009.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The full year revenue from JP Morgan’s private
banking client segment was reported at $4.9bn, an increase of 13%
compared with 2009 full year figures.

JP Morgan private banking earnings include
private bank, private wealth management and JP Morgan Securities
client segments.