JPMorgan Chase & Co. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net income of $4.2 billion, or $1.07 per share, compared with net income of $6.7 billion, or $1.71 per share, in the fourth quarter of 2016. Total net revenue was $24,153 million compared to $23,376 million a year ago. On a managed basis, the company reported total net revenue of $25,450 million compared to $24,333 million a year ago. On a managed basis, net income was $4,232 million compared to $6,727 million a year ago. Book value per share was $67.04 compared to $64.06 a year ago. Tangible book value per share was $53.56 compared to $51.44 a year ago. Return on common equity was 7% compared to 11% a year ago. Return on tangible common equity was 8% compared to 14% a year ago. Return on assets was 0.66% compared to 1.06% a year ago. Income before income tax expense was $8,254 million compared to $8,679 million a year ago. For the full year, on a reported basis, the company reported total net revenue was $99,624 million compared to $95,668 million a year ago. Net income was $24,441 million compared to $24,733 million a year ago. On a managed basis, the company reported total net revenue of $103,641 million compared to $99,142 million a year ago. On a managed basis, net income was $24,441 million compared to $24,733 million a year ago. Diluted net income per share was $6.31 compared to 6.19 a year ago. Return on common equity was 10% compared to 10% a year ago. Return on tangible common equity was 12% compared to 13% a year ago. Return on assets was 0.96% compared to 1.00% a year ago. Income before income tax expense was $35,900 million compared to $34,536 million a year ago.