Reading Financial Data - Step by Step / Reading different kinds of companies
Reading a bank
A bank's financial statements use the same page layout but different business economics.
Concept
For a bank, revenue is interest and fee income, not store sales. Assets are large because loans and securities are assets.
Worked Example: Read JPM as a bank
- JPM latest reported revenue was $182.4 billion for fiscal 2025.
- JPM assets were $4,424.9 billion, and ROA was 1.29%.
- JPM liabilities / equity was 11.21.
- Capex and current ratio may be absent for banks because those standardized tags are often not the useful way their filings are structured.
- This is why cross-industry comparisons need the company type beside the number.
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Sources
Informational only - not investment advice.