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corpus-test-0 | U.S. SECURITIES AND EXCHANGE COMMISSION
PDF Copy of Submission on SEC EDGAR system
This PDF document is a copy of the following submission on the SEC's EDGAR system:
Submission/Form 10-K
Filed 2025-02-14
Accession number 0000019617-25-000270
Submitted on EDGAR account of JPMORGAN CHASE & CO, CIK 0000019617
This copy wa... | |
corpus-test-1 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K
Annual report pursuant to Section 13 or 15 (d)
the Securities Exchange Act of 1934
Commission file
number 1-5805
For the fiscal year ended December 31, 2024
JPMorgan Chase &Co
(Exact name of registrant as specified in its charter)
Delawar... | |
corpus-test-2 | Part I
Human capital
|PMorganChase believes that its long-term growth and success depend on its ability to attract, develop and retain talented employees and foster an inclusive work environment. The information provided below relates to JPMorganChase's full-time and part-time employees and does not include the Firm's ... | |
corpus-test-3 | Management's discussion and analysis
Reserve uses results under the severely adverse scenario from its supervisory stress test to determine each firm's Stress Capital Buffer ("SCB") requirement for the coming year.
Regulatory capital
The Federal Reserve establishes capital requirements, including well-capitalized stand... | |
corpus-test-4 | Key Regulatory Developments
Key Regulatory Developments
U.S. Basel IlI Finalization
In July 2023, the Federal Reserve, the OCC and the FDIC released a proposal to amend the risk-based capital framework, entitled "Regulatory capital rule: Amendments applicable to large banking organizations and to banking organizations ... | |
corpus-test-5 | Under the Federal Reserve's GSIB rule, the Firm is required to assess its GSIB surcharge on an annual basis under two separately prescribed methods based on data for the previous fiscal year-end, and is subject to the higher of the two. "Method 1" reflects the GSIB surcharge as prescribed by the Basel Committee's asses... | |
corpus-test-6 | Other regulatory capital
Total Loss-Absorbing Capacity
capacity The Federal Reserve's TLAC rule requires the U.S. GSIB top-tier holding companies, including the Firm, to maintain minimum levels of external TLAC and eligible LTD. Refer to TLAC on page 106 for additional information.
Leverage-based Capital Regulatory Req... | |
corpus-test-7 | Management's discussion and analysis
III Standardized risk-based and As a result, for is calculated under additional information
data Firm's risk-based Refer to Note 27 to Advanced approach Advanced RWA and provisions in the U.S.
| Selected capital and RWA | | | | | | |
| The following tables present the | | cap... | |
corpus-test-8 | equity
| | | stockholders' capital as |
| Capital components | | |
| of December 31, 2024 and 2023. The following table presents reconciliations of total to Basel IlI CET1 capital, Tier 1 capital and Total | | |
| (in millions) | December 31, 2024 | December 31, 2023 |
| Total stockholders' equity | $ 344,758 | $... | |
corpus-test-9 | | Management's discussion | and analysis | analysis | | | | | |
| RWA rollforward | | | | IlI Standardized | and Advanced | approaches for the | year ended |
| The following table presents changes in the components of RWA under Basel December 31, 2024. The amounts in the rollforward categories are estimates, | ... | |
corpus-test-10 | Capital actions Common stock dividends
The Board of Directors' authorization to repurchase common shares is utilized at management's discretion. The $30 billion common share repurchase program approved by the Board of Directors does not establish specific price targets or timetables. Management determines the amount an... | |
corpus-test-11 | Management's discussion and analysis Other capital requirements The following table presents the eligible external TLAC and eligible LTD amounts, as well as a representation of these amounts as a percentage of the Firm's total RWA and total leverage exposure applying the impact of the CECL capital transition provisions... | |
corpus-test-12 | U.S. broker-dealer regulatory capital J.P. Morgan Securities
standards until January 1, 2027, with a three-year transitional period for certain aspects.
The Bank of England requires that U.K. banks, including U.K. regulated subsidiaries of overseas groups, maintain minimum requirements for own funds and eligible liabil... | |
corpus-test-13 | Attracting and retaining employees
Attracting and retaining employees
The goal of |PMorganChase's recruitment efforts is to attract and hire highly qualified candidates in all roles and at all career levels. The Firm's hiring practices focus on the skills and qualifications of a candidate relative to the job requiremen... | |
corpus-test-14 | Management's discussion and analysis
LIQUIDITY RISK MANAGEMENT
Liquidity risk is the risk that the Firm will be unable to meet its cash and collateral needs as they arise or that it does not have the appropriate amount, composition and tenor of funding and liquidity to support its assets and liabilitis..
Managing compl... | |
corpus-test-15 | | Bank, N.A.'s The following table summarizes the Firm and JPMorgan Chase average LCR for the three months ended December 31, 2024, September 30, 2024 and December 31, | | | 2023 |
| based on the Firm's | interpretation of the LCR framework. | | |
| | Three months ended | | |
| Average amount (in millions) | Dec... | |
corpus-test-16 | Management's discussion and analysis
Each of the Firm and JPMorgan Chase Bank, N.A.'s average LCR may fluctuate from period to period due to changes in their respective eligible HQLA and estimated net cash outflows as a result of ongoing business activity and from the impacts of Federal Reserve actions as well as other... | |
corpus-test-17 | Funding
Sources of funds
Management believes that the Firm's unsecured and secured funding capacity is sufficient to meet its on- and off-balance sheet obligations, which includes both short- and long-term cash requirements.
borrowings from the IHC. The Firm's non-bank subsidiaries are primarily funded from long-term u... | |
corpus-test-18 | Management's discussion and analysis
Total uninsured deposits include time deposits. The table below presents an estimate of uninsured U.S. and non-U.S. time deposits, and their remaining maturities. The Firm's estimates of its uninsured U.S. time deposits are based on data that the Firm calculates periodically under a... | |
corpus-test-19 | The following table summarizes short-term and long-term funding, excluding deposits, as of December 31, 2024 and 2023, and average balances for the ended December 31, 2024 and 2023. Refer to the Consolidated Balance Sheets Analysis 63-65 and Note 11 years on pages
| Sources of funds (excluding deposits) for additional ... | |
corpus-test-20 | Management's discussion and analysis
Long-term funding
Long-term funding provides an additional source of stable funding and liquidity for the Firm. The Firm's long-term funding plan is driven primarily by expected client activity, liquidity considerations and regulatory requirements, including TLAC. Long-term funding ... | |
corpus-test-21 | Credit ratings
The cost and availability of financing are influenced by credit ratings. Reductions in these ratings could have an adverse effect on the Firm's access to liquidity sources, increase the cost of funds, trigger additional collateral or funding requirements and decrease the number of investors and counterpa... | |
corpus-test-22 | REPUTATION RISK MANAGEMENT
Governance and oversight
Reputation risk is the risk that an action or inaction may negatively impact perception of the Firm's integrity and reduce confidence in the Firm's competence by various stakeholders, including clients, counterparties, customers, communities, investors, regulators, or... | |
corpus-test-23 | CREDIT AND INVESTMENT RISK MANAGEMENT
Credit and investment risk is the risk associated with the default or change in credit profile of a client, counterparty or customer; or loss of principal or a reduction in expected returns on investments, including consumer credit risk, wholesale credit risk, and investment portfo... | |
corpus-test-24 | Part I
capital levels.
risks, including potential negative effects from adverse changes in the financial condition of clients, customers, counterparties, custodians and central counterparties; the potential for losses due to declines in the value of collateral in stressed market conditions; and potential negative impac... | |
corpus-test-25 | Management's discussion and analysis
Risk monitoring and management
sariayeeent Review function is responsible for:
Independently assessing risk grades assigned to exposures in the Firm's wholesale credit portfolio and the timeliness of risk grade changes initiated by responsible business units; and
Evaluating the effe... | |
corpus-test-26 | CREDIT PORTFOLIO Credit risk is the risk associated with the default or change in credit profile of a client, counterparty or customer. Total credit portfolio Credit exposure Nonperforming In the following tables, total loans include loans retained (i.e., beld-for-investment); loans held-for-sale; and certain loans acc... | |
corpus-test-27 | Management's discussion and analysis
CONSUMER CREDIT PORTFOLIO
The Firm's retained consumer portfolio consists primarily of loans and lending-related commitments for residential real estate, credit card, scored auto and business banking. The consumer credit portfolio also includes loans at fair value, predominantly in ... | |
corpus-test-28 | | The following tables present consumer credit-related information with respect to the scored credit portfolio held in CCB, AWM, CIB and | | | | | |
| Consumer credit portfolio Corporate. | | | | | |
| December 31, (in millions) | Credit exposure | | | Nonaccrual loans!! | |
| | 2024 | | 2023 | 2024 | 20... | |
corpus-test-29 | Management's discussion and analysis
of the loan agreements. The Firm estimated the principal repayment amounts for both the
calculating the weighted-average loan balance and interest rates for loan
| Maturities and sensitivity to changes in interest rates | | | | | | | |
| The table below sets forth loan maturi... | |
corpus-test-30 | | The following table provides a summary of the Firm's residential mortgage portfolio insured and/or guaranteed by U.S. government agencies, predominantly loans held-for-sale and loans at fair value. The Firm monitors its exposure to certain potential unrecoverable claim payments related to government- insured loans an... | |
corpus-test-31 | Management's discussion and analysis
| Nonaccrual loans | Nonaccrual loans | |
| The following table presents changes in consumer, excluding credit card, nonaccrual loans for the years ended December 31, 2024 and 2023. | | |
| Nonaccrual loan activity | | |
| Year ended December 31, (in millions) | 2024 | 2023 |
|... | |
corpus-test-32 | Credit card
Total credit card loans increased from December 31, 2023 reflecting growth from new accounts and revolving balances. The December 31, 2024 30+ and 90+ day delinquency rates of 2.17% and 1.14%, respectively, increased compared to the December 31, 2023 30+ and 90+ day delinquency rates of 2.14% and 1.05%, res... | |
corpus-test-33 | Management's discussion and analysis
| Wholesale credit portfolio | | | | |
| | Credit exposure | | Nonperforning | |
| December 31, (in millions) | 2024 | 2023 | 2024 | 2023 |
| Loans retained $ | 690,396 $ | 672,472 | 3,942 $ | 2,346 |
| Loans held-for-sale | 6,103 | 3,498 | 5 | 89 |
| Loans at fair value | 25... | |
corpus-test-34 | | and Wholesale credit exposure maturity | ratings | profile | | | | | | |
| and The following tables present the maturity | internal risk | ratings | profiles of the | wholesale | credit portfolio | as of December | 31, | 2024 and |
| 2023. The Firm generally considers internal | ratings with | qualitative | cha... | |
corpus-test-35 | effectiveness of |PMorganChase's existing business strategies
rules and regulations. These types of developments could result in JPMorganChase incurring additional costs or experiencing a reduction in revenues to comply with applicable laws, rules and regulations, which could reduce its profitability. Furthermore, (PMo... | |
corpus-test-36 | Management's discussion and analysis
Wholesale credit exposure iindustry exposures
Wholes wnolesale credit exposure industry exposures
The Firm focuses on the management and diversification of its industry exposures, and pays particular attention to industries with actual or potential credit concerns.
Exposures that ar... | |
corpus-test-37 | | | Credit | Investment- grade | | | | Selected metrics | Selected metrics | Selected metrics | Selected metrics |
| As of or for the year ended December 31, 2023 (in millions) | | | Noncriticized | Criticized performing | Criticized nonperforming | 30 days or more past due and accruing loans | Net charge-offs! (... | |
corpus-test-38 | | Management's discussion and | analysis | | | | |
| Presented below is additional detail on certain of the Firm's industry exposures. | | | | | |
| Real Estate | | | | | |
| December 31, 2023 to $12.4 billion at Real Estate exposure was $207.1 billion as of December 31, 2024. Criticized exposure increase... | |
corpus-test-39 | | Consumer & Retail | | | | | |
| December 31, 2023 to $6.9 billion at December Consumer & Retail exposure was $129.8 billion as of December 31, 2024. Criticized exposure decreased by $1.4 billion from $8.3 billion at | 31, 2024, driven by net | portfolio activity | and upgrades, | largely offset by | downgrades. ... | |
corpus-test-40 | Management's discussion and analysis
Loans
The following table presents net charge-offs/recoveries which are defined as gross charge-offs less recoveries, for the years ended December 31, 2024 and 2023. The amounts in the table below do not include gains or losses from sales of nonaccrual loans recognized in noninteres... | |
corpus-test-41 | | Maturities and sensitivity to changes in interest rates | | | | | |
| The table below sets forth wholesale loan maturities and the distribution between fixed and floating interest rates based on the stated 12 for further information on loan classes. | | | | | |
| terms of the loan agreements by loan class. ... | |
corpus-test-42 | Management's discussion and analysis
derivative affect the credit risk to which the Firm is exposed. For over-the-counter ("OTC") derivatives, the Firm is exposed to the credit risk of the derivative counterparty. For exchange-traded derivatives ("ETD"), such as futures and options, and cleared over- the-counter ("OTC-... | |
corpus-test-43 | | The following tables summarize the net derivative receivables and the internal ratings profile for the periods presented. | | | |
| Derivative receivables | | | |
| December 31, (in millions) | | 2024 | 2023 |
| Total, net of cash collateral Liquid securities and other cash collateral held against derivative r... |
Retrieve associated pages according to questions. This task, Finance - EN, is a corpus of reports from american banking companies, intended for long-document understanding tasks. Original queries were created in english, then translated to french, german, italian, portuguese and spanish. This variant includes the OCR'ed markdown so allow for comparison across image-text and text-only models. It is currently released as a beta and might be removed at a later stage.
| Task category | t2it |
| Domains | Financial |
| Reference | https://arxiv.org/abs/2601.08620 |
Source datasets:
How to evaluate on this task
You can evaluate an embedding model on this dataset using the following code:
import mteb
task = mteb.get_task("Vidore3FinanceEnOCRRetrieval")
evaluator = mteb.MTEB([task])
model = mteb.get_model(YOUR_MODEL)
evaluator.run(model)
To learn more about how to run models on mteb task check out the GitHub repository.
Citation
If you use this dataset, please cite the dataset as well as mteb, as this dataset likely includes additional processing as a part of the MMTEB Contribution.
@article{loison2026vidorev3comprehensiveevaluation,
archiveprefix = {arXiv},
author = {António Loison and Quentin Macé and Antoine Edy and Victor Xing and Tom Balough and Gabriel Moreira and Bo Liu and Manuel Faysse and Céline Hudelot and Gautier Viaud},
eprint = {2601.08620},
primaryclass = {cs.AI},
title = {ViDoRe V3: A Comprehensive Evaluation of Retrieval Augmented Generation in Complex Real-World Scenarios},
url = {https://arxiv.org/abs/2601.08620},
year = {2026},
}
@article{enevoldsen2025mmtebmassivemultilingualtext,
title={MMTEB: Massive Multilingual Text Embedding Benchmark},
author={Kenneth Enevoldsen and Isaac Chung and Imene Kerboua and Márton Kardos and Ashwin Mathur and David Stap and Jay Gala and Wissam Siblini and Dominik Krzemiński and Genta Indra Winata and Saba Sturua and Saiteja Utpala and Mathieu Ciancone and Marion Schaeffer and Gabriel Sequeira and Diganta Misra and Shreeya Dhakal and Jonathan Rystrøm and Roman Solomatin and Ömer Çağatan and Akash Kundu and Martin Bernstorff and Shitao Xiao and Akshita Sukhlecha and Bhavish Pahwa and Rafał Poświata and Kranthi Kiran GV and Shawon Ashraf and Daniel Auras and Björn Plüster and Jan Philipp Harries and Loïc Magne and Isabelle Mohr and Mariya Hendriksen and Dawei Zhu and Hippolyte Gisserot-Boukhlef and Tom Aarsen and Jan Kostkan and Konrad Wojtasik and Taemin Lee and Marek Šuppa and Crystina Zhang and Roberta Rocca and Mohammed Hamdy and Andrianos Michail and John Yang and Manuel Faysse and Aleksei Vatolin and Nandan Thakur and Manan Dey and Dipam Vasani and Pranjal Chitale and Simone Tedeschi and Nguyen Tai and Artem Snegirev and Michael Günther and Mengzhou Xia and Weijia Shi and Xing Han Lù and Jordan Clive and Gayatri Krishnakumar and Anna Maksimova and Silvan Wehrli and Maria Tikhonova and Henil Panchal and Aleksandr Abramov and Malte Ostendorff and Zheng Liu and Simon Clematide and Lester James Miranda and Alena Fenogenova and Guangyu Song and Ruqiya Bin Safi and Wen-Ding Li and Alessia Borghini and Federico Cassano and Hongjin Su and Jimmy Lin and Howard Yen and Lasse Hansen and Sara Hooker and Chenghao Xiao and Vaibhav Adlakha and Orion Weller and Siva Reddy and Niklas Muennighoff},
publisher = {arXiv},
journal={arXiv preprint arXiv:2502.13595},
year={2025},
url={https://arxiv.org/abs/2502.13595},
doi = {10.48550/arXiv.2502.13595},
}
@article{muennighoff2022mteb,
author = {Muennighoff, Niklas and Tazi, Nouamane and Magne, Loïc and Reimers, Nils},
title = {MTEB: Massive Text Embedding Benchmark},
publisher = {arXiv},
journal={arXiv preprint arXiv:2210.07316},
year = {2022}
url = {https://arxiv.org/abs/2210.07316},
doi = {10.48550/ARXIV.2210.07316},
}
Dataset Statistics
Dataset Statistics
The following code contains the descriptive statistics from the task. These can also be obtained using:
import mteb
task = mteb.get_task("Vidore3FinanceEnOCRRetrieval")
desc_stats = task.metadata.descriptive_stats
{}
This dataset card was automatically generated using MTEB
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