Financial Highlights (a) Results are presented in accordance with accounting principles generally accepted in the United States of America, except where otherwise noted.  (b) Non-GAAP financial measure. For further discussion, see “Explanation and reconciliation of the firm’s use of non-GAAP financial measures” and “Regulatory capital” in this Annual Report.  JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm and one of the largest banking institutions in the United States, with operations  worldwide; the firm has $2.3 trillion in assets and $183.6 billion in stockholders’  equity. The firm is a leader in investment banking, financial services for consumers  and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government  clients under its J.P. Morgan and Chase brands. Information about J.P. Morgan capabilities can be found at jpmorgan.com and about Chase capabilities at chase.com. Information about the firm is available at jpmorganchase.com. As of or for the year ended December 31, (in millions, except per share, ratio data and headcount) 2011 2010 Reported basis (a) Total net revenue $ 97,234 $  102 , 694 Total noninterest expense 62,911 61 , 196 Pre-provision profit  34,323  41 , 498 Provision for credit losses 7,574  16 , 639 Net income  $ 18,976 $  17 , 370 Per common share data Net income per share:  Basic $ 4.50 $  3 . 98 Diluted 4.48 3 . 96 Cash dividends declared  1.00 0.20 Book value  46.59 43 . 04 Selected ratios Return on common equity  11% 10% Return on tangible common equity$^{(b)}$ 15 15 Tier 1 capital ratio 12.3 12.1 Total capital ratio 15.4 15.5 Tier 1 common capital ratio$^{(b)}$ 10.1 9.8 Selected balance sheet data  (period-end) Total assets $2,265,792 $ 2 , 117 , 605 Loans 723,720 692 , 927 Deposits 1,127,806 930 , 369 Total stockholders’ equity 183,573 176 , 106 Headcount 260,157 239 , 831