Attached files
| file | filename |
|---|---|
| 8-K - EARNINGS - 1Q15 - JPMORGAN CHASE & CO | a1q15erf8kcover.htm |
| EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS - 1Q15 - JPMORGAN CHASE & CO | a1q15erfexhibit122.htm |
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 1Q15 - JPMORGAN CHASE & CO | a1q15erfexhibit992suppleme.htm |
| EX-99.1 - EARNINGS RELEASE - 1Q15 - JPMORGAN CHASE & CO | a1q15erfexhibit991narrative.htm |
EXHIBIT 12.1
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
Three months ended March 31, (in millions, except ratios) | 2015 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 8,224 | |
Fixed charges: | |||
Interest expense | 1,524 | ||
One-third of rents, net of income from subleases (a) | 135 | ||
Total fixed charges | 1,659 | ||
Add: Equity in undistributed loss of affiliates | 39 | ||
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 9,922 | |
Fixed charges, as above | $ | 1,659 | |
Ratio of earnings to fixed charges | 5.98 | ||
Including interest on deposits | |||
Fixed charges, as above | $ | 1,659 | |
Add: Interest on deposits | 364 | ||
Total fixed charges and interest on deposits | $ | 2,023 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 9,922 | |
Add: Interest on deposits | 364 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 10,286 | |
Ratio of earnings to fixed charges | 5.08 | ||
(a) | The proportion deemed representative of the interest factor. |