• JPMorgan Chase average return on tangible equity for 2023 was 19.04, a 17.97% increase from 2022.
• JPMorgan Chase average return on tangible equity for 2022 was 16.14, a 18.32% increase from 2021.
• JPMorgan Chase average return on tangible equity for 2021 was 19.76, a 63.04% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.