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    FOURTH QUARTER 2010

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    JPMORGAN CHASE & CO.

    TABLE OF CONTENTS

    Page(s)Consolidated Results

    Consolidated Financial Highlights 2-3

    Statements of Income 4

    Consolidated Balance Sheets 5

    Condensed Average Balance Sheets and Annualized Yields 6

    Reconciliation from Reported to Managed Summary 7

    Business Detail

    Line of Business Financial Highlights - Managed Basis 8

    Investment Bank 9-11

    Retail Financial Services 12-18Card Services - Managed Basis 19-21

    Commercial Banking 22-23

    Treasury & Securities Services 24-25

    Asset Management 26-29Corporate/Private Equity 30-31

    Page 1

    Credit-Related Information 32-37

    Market Risk-Related Information 38

    Supplemental Detail

    Capital and Other Selected Balance Sheet Items 39

    Mortgage Loan Repurchase Liability 40

    Per Share-Related Information 41

    Non-GAAP Financial Measures 42

    Glossary of Terms 43-46

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    JPMORGAN CHASE & CO.

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    ASSET MANAGEMENTFINANCIAL HIGHLIGHTS, CONTINUED(in billions)

    4Q10 3Q10 2Q10 1Q10 4Q09 2010 2009

    ASSETS UNDER SUPERVISION (continued)Assets under management rollforwardBeginning balance 1,257$ 1,161$ 1,219$ 1,249$ 1,259$ 1,249$ 1,133$Net asset flows:

    Liquidity (25) 27 (29) (62) (44) (89) (23)Fixed income 10 12 12 16 12 50 34Equities, multi-asset and alternatives 13 (1) 1 6 8 19 17

    Market/performance/other impacts 43 58 (42) 10 14 69 88TOTAL ASSETS UNDER MANAGEMENT 1,298$ 1,257$ 1,161$ 1,219$ 1,249$ 1,298$ 1,249$

    Assets under supervision rollforwardBeginning balance 1,770$ 1,640$ 1,707$ 1,701$ 1,670$ 1,701$ 1,496$Net asset flows 1 41 (4) (10) (11) 28 50Market/performance/other impacts 69 89 (63) 16 42 111 155

    TOTAL ASSETS UNDER SUPERVISION 1,840$ 1,770$ 1,640$ 1,707$ 1,701$ 1,840$ 1,701$

    QUARTERLY TRENDS FULL YEAR

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