1. JP Morgan Chase bank (3 points)

Go to the FDIC website:https://banks.data.fdic.gov/bankfind-suite/financialreporting, click on BHCs, then choose a bank holding company (JPMorgan Chase).

a. Find the financial statements (balance sheet and income statement) for JP MORGAN CHASE Bank Holding Company

(BHC ID # 1039502 - JPMORGAN CHASE & CO.)

b. Calculate the following ratios for the last 3 years (2020-2022):

ROE, ROA, profit margin, asset utilization, interest income/total assets, non-interest income/total assets, interest expense/total operating income, non-interest expense/total operating income, provision for loan losses/total operating income, securities/total assets, net loans/total assets, total deposit/total assets.

c. Discuss the Chase's financial performance (you can compare its performance with its competitors' performance).

2. What is fintech and how does it affect the traditional banking activities? (1 point)