Attached files
| file | filename |
|---|---|
| EX-12.2 - EX-12.2 - JPMORGAN CHASE & CO | y81536exv12w2.htm |
| EX-99.2 - EX-99.2 - JPMORGAN CHASE & CO | y81536exv99w2.htm |
| EX-99.1 - EX-99.1 - JPMORGAN CHASE & CO | y81536exv99w1.htm |
| 8-K - FORM 8-K - JPMORGAN CHASE & CO | y81536e8vk.htm |
EXHIBIT 12.1
JPMORGAN CHASE & CO.
Computation of Ratio of Earnings to Fixed Charges
| Year ended December 31, (in millions, except ratios) | 2009 | |||
Excluding interest on deposits |
||||
Income before income tax expense and extraordinary gain |
$ | 16,067 | ||
Fixed charges: |
||||
Interest expense |
10,372 | |||
One-third of rents, net of income from subleases (a) |
569 | |||
Total fixed charges |
10,941 | |||
Less: Equity in undistributed income of affiliates |
(21 | ) | ||
Income before income tax expense, extraordinary gain, and fixed charges,
excluding capitalized interest |
$ | 26,987 | ||
Fixed charges, as above |
$ | 10,941 | ||
Ratio of earnings to fixed charges |
2.47 | |||
Including interest on deposits |
||||
Fixed charges, as above |
$ | 10,941 | ||
Add: Interest on deposits |
4,826 | |||
Total fixed charges and interest on deposits |
$ | 15,767 | ||
Income before income tax expense, extraordinary gain, and fixed charges,
excluding capitalized interest, as above |
$ | 26,987 | ||
Add: Interest on deposits |
4,826 | |||
Total Income before income tax expense, extraordinary gain,
fixed charges and interest on deposits |
$ | 31,813 | ||
Ratio of earnings to fixed charges |
2.02 | |||
| (a) | The proportion deemed representative of the interest factor. |