![]() ![]() While we don’t run the company worrying about the stock price in the short run, in the long run our stock price is a measure of the progress we have made over the years. Your management team goes to work every day recognizing the enormous responsibility that we have to perform for our shareholders. Many of these people are veterans, teachers, police officers, firefighters, healthcare workers, retirees or those saving for a home, school or retirement. More than 100 million people in the United States own stock, and a large percentage of these individuals, in one way or another, own JPMorgan Chase stock. However, it is important to remember that in almost all cases, the ultimate beneficiaries are the individuals in our communities. JPMorgan Chase stock is owned by large institutions, pension plans, mutual funds and directly by individual investors. In total, we extended credit and raised $2.3 trillion in capital for businesses, institutional clients and U.S. We generally grew market share across our businesses and continued to make significant investments in products, people and technology, all while maintaining credit discipline and a fortress balance sheet. We earned $29.1 billion in net income on revenue of $122.9 billion versus $36.4 billion on revenue of $118.5 billion in 2019, reflecting strong underlying performance across our businesses offset by additional reserves under new accounting rules. 2020 was another strong year for JPMorgan Chase, with the firm generating record revenue, as well as numerous other records in each of our lines of business. I discuss these themes later in this letter.Īs I look back on the last year and the last two decades - starting from my time as CEO of Bank One in 2000 - it is remarkable how much we persevered and have accomplished, not only in terms of financial performance but also in our steadfast dedication to help clients, communities and countries throughout the world. Those opportunities were powerfully presented to us this year, and I am proud of how we stepped up. As you know, we have long championed the essential role of banking in a community - its potential for bringing people together, for enabling companies and individuals to reach for their dreams, and for being a source of strength in difficult times. As I begin this annual letter to shareholders, I am proud of what our company and our tens of thousands of employees around the world achieved, collectively and individually. Watching events unfold throughout the year, we were keenly focused on what we, as a company, could do to serve. And it was a time when companies discovered what they really were and, sometimes, what they might become. It was also a year when those among us with less were disproportionately hurt by joblessness and poverty. It was a year in which each of us faced difficult personal challenges, and a staggering number of us lost loved ones. It was a year of a global pandemic, a global recession, unprecedented government actions, turbulent elections, and deeply felt social and racial injustice. In addition, you have access to customer care services that you can always refer to when you get into difficulties or issues you cannot address.2020 was an extraordinary year by any measure. If you sense there is some level of security threat, you can always change the pin and even review the account history. You do not have to walk to all the way to ATMS to withdraw cash which can at times be very risky. On a 24 hours 7 days a week basis, you will be able to manage your account, make payments, check balances, and even review your statements. ![]() When you visit the bank site to access your account, you have greater flexibility and convenience. At this point, you should input the registration requirements for the EBT and follow the provided instructions.You will be required to input your Card Number and click on “Next” at the bottom and click it to progress.Once on the homepage, check the icon “register” and also identify the statement indicating “first time to use this system”.On the First Page you will see the card activation option and click on “Continue To Ucard Center”.You are required to be a holder of an EBT account and also have a security pin.You need to have a computer system connected with reliable internet. ![]()
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