Accounting 101
Name the tree financial statements.
1. Income Statement
2. Balance Sheet
3. Cash Flow Statement
Where would you find the application for any JPMC internship or full-time program? (web address)
What does the acronym EBITDA stand for?
Earnings Before Interest, Taxes, Depreciation, and Amortization
Who is the CEO of JPMorganChase?
Jamie Dimon
Chairman & CEO
Chairman & Chief Exec Officer
What is referred to as the “top line” on a company’s Income Statement?
Revenue (Gross Sales)
What is the specific inbox for Investment Banking campus recruitment?
ba.investment.banking@jpmorgan.com
This four-letter acronym represents the rate that a company would pay to finance its assets and can be used to assess the value of an investment opportunity.
WACC (Weighted Average Cost of Capital)
Name the six CIB Lines of Business (LOBs) prior to the CIB/ CB merger.
1. Investment Banking
2. Markets, Sales & Research
3. Global Corporate Banking
4. Securities Services
5. Payments
6. Risk
What two items does Operating Working Capital exclude?
Cash & Debt
(Cash & Short-Term Debt)
How long is the Investment Banking Summer Analyst Internship?
Nine Weeks (including one week of training)
Name the three of the major valuation methodologies.
1. Discounted Cash Flow (DCF) Analysis
2. Comparable Company Analysis
3. Precedent Transactions
Of the many Business Resource Groups (BRGs) at the firm, what is the name for JPMC's BRG specifically for young professionals?
NEXTGEN
Why does Depreciation (a non-cash expense) affect the cash balance?
Depreciation is tax-deductible; since taxes are a cash expense, depreciation reduces the amount in taxes you pay.
How are IBDs typically organized in Investment Banking?
Coverage Groups vs Advisory Groups
What is the most important factor when selecting a comparable company or precedent transaction to analyze?
Industry
Which transactions do investment bankers support?
M&A Advisory and Equity & Debit Underwriting and Advisory
Which depreciation model does tax accounting use?
Accelerated Depreciation
In the J.P. Morgan Investment Banking Virtual Experience on Forage, what is the first task you must complete?
Identify M&A targets
What item is missing in the below formula to calculate Enterprise Value (EV)?
EV = Equity Value + Debt + Preferred Stock + ____________ - Cash
EV = Equity Value + Debt + Preferred Stock + Noncontrolling Interest* - Cash
*Also called Minority Interest
As of the 2024 Complete Annual report, JPMorgan has reported how much in a record profit?
$58 Billion
Category: Environmental, Social and Governance
In 2021, J.P. Morgan financed and facilitated $285 Billion towards the $2.5 Trillion Sustainable Development Target. Of that amount, how much money was specifically financed by the Investment Bank?
Provide you answer in a dollar amount
$133 Billion (47%)
Consumer & Community Banking (CCB)- $15B | 12%
Commercial Banking (CB)- $15B | 5%
CIB- Markets- $35B | 36%
CIB- Investment Banking- $133B |47%