- Investor Relations
- Financials
- 2012 Annual Report
Financial Highlights
$ and share amounts in millions, except per share amounts
|
As of or for the Year Ended December |
2012 |
2011 |
2010 |
Operating Results |
Net revenues | $34,163 | $28,811 | $39,161 |
Pre-tax earnings | 11,207 | 6,169 | 12,892 |
Net earnings | 7,475 | 4,442 | 8,354 |
Net earnings applicable to common shareholders | 7,292 | 2,510 | 7,713 |
Return on average common shareholders’ equity | 10.7% | 3.7% | 11.5% |
Common Share Data |
Diluted earnings per common share | $14.13 | $4.51 | $13.18 |
Average diluted common shares outstanding | 516.1 | 556.9 | 585.3 |
Dividends declared per common share | $1.77 | $1.40 | $1.40 |
Book value per common share | 144.67 | 130.31 | 128.72 |
Tangible book value per common share 1 | 134.06 | 119.72 | 118.63 |
Ending stock price | 127.56 | 90.43 | 168.16 |
Financial Condition and Selected Ratios |
Total assets | $938,555 | $923,225 | $911,332 |
Unsecured long-term borrowings | 167,305 | 173,545 | 174,399 |
Total shareholders’ equity | 75,716 | 70,379 | 77,356 |
Leverage ratio 2 | 12.4× | 13.1× | 11.8× |
Adjusted leverage ratio 2 | 9.1× | 8.6× | 7.6× |
Tier 1 capital ratio 3 | 16.7% | 13.8% | 16.0% |
Tier 1 common ratio 3 | 14.5% | 12.1% | 13.3% |
Selected Data |
Total staff | 32,400 | 33,300 | 35,700 |
Assets under supervision (in billions) | $965 | $895 | $917 |