Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - JPMORGAN CHASE & CO | y93007e8vk.htm |
| EX-12.2 - EX-12.2 - JPMORGAN CHASE & CO | y93007exv12w2.htm |
| EX-99.1 - EX-99.1 - JPMORGAN CHASE & CO | y93007exv99w1.htm |
| EX-99.2 - EX-99.2 - JPMORGAN CHASE & CO | y93007exv99w2.htm |
Exhibit 12.1
EXHIBIT 12.1
JPMORGAN CHASE & CO.
Computation of Ratio of Earnings to Fixed Charges
| Nine months ended September 30, (in millions, except ratios) | 2011 | |||
Excluding interest on deposits |
||||
Income before income tax expense |
$ | 22,002 | ||
Fixed charges: |
||||
Interest expense |
7,643 | |||
One-third of rents, net of income from subleases (a) |
421 | |||
Total fixed charges |
8,064 | |||
Less: Equity in undistributed income of affiliates |
(29 | ) | ||
Income before income tax expense and fixed charges, excluding capitalized interest |
$ | 30,037 | ||
Fixed charges, as above |
$ | 8,064 | ||
Ratio of earnings to fixed charges |
3.72 | |||
Including interest on deposits |
||||
Fixed charges, as above |
$ | 8,064 | ||
Add: Interest on deposits |
3,038 | |||
Total fixed charges and interest on deposits |
$ | 11,102 | ||
Income before income tax expense and fixed charges, excluding capitalized interest, as above |
$ | 30,037 | ||
Add: Interest on deposits |
3,038 | |||
Total income before income tax expense, fixed charges and interest on deposits |
$ | 33,075 | ||
Ratio of earnings to fixed charges |
2.98 | |||
| (a) | The proportion deemed representative of the interest factor. |