Attached files
| file | filename |
|---|---|
| EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS - 4Q15 - JPMORGAN CHASE & CO | a4q15erfexhibit122.htm |
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 4Q15 - JPMORGAN CHASE & CO | a4q15erfexhibit992suppleme.htm |
| EX-99.1 - EARNINGS RELEASE - 4Q15 - JPMORGAN CHASE & CO | a4q15erfexhibit991narrative.htm |
| 8-K - 8-K - JPMORGAN CHASE & CO | a4q15erf8kcover.htm |
EXHIBIT 12.1
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
Year ended December 31, (in millions, except ratios) | 2015 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 30,702 | |
Fixed charges: | |||
Interest expense | 6,211 | ||
One-third of rents, net of income from subleases (a) | 535 | ||
Total fixed charges | 6,746 | ||
Add: Equity in undistributed loss of affiliates | 406 | ||
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 37,854 | |
Fixed charges, as above | $ | 6,746 | |
Ratio of earnings to fixed charges | 5.61 | ||
Including interest on deposits | |||
Fixed charges, as above | $ | 6,746 | |
Add: Interest on deposits | 1,252 | ||
Total fixed charges and interest on deposits | $ | 7,998 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 37,854 | |
Add: Interest on deposits | 1,252 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 39,106 | |
Ratio of earnings to fixed charges | 4.89 | ||
(a) | The proportion deemed representative of the interest factor. |