Attached files
| file | filename |
|---|---|
| 8-K - 8-K - JPMORGAN CHASE & CO | a1q16erf8kcover.htm |
| EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS - 1Q16 - JPMORGAN CHASE & CO | a1q16erfexhibit122.htm |
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 1Q16 - JPMORGAN CHASE & CO | a1q16erfexhibit992suppleme.htm |
| EX-99.1 - EARNINGS RELEASE - 1Q16 - JPMORGAN CHASE & CO | a1q16erfexhibit991narrative.htm |
EXHIBIT 12.1
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
Three Months ended March 31, (in millions, except ratios) | 2016 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 7,578 | |
Fixed charges: | |||
Interest expense | 1,852 | ||
One-third of rents, net of income from subleases (a) | 132 | ||
Total fixed charges | 1,984 | ||
Less: Equity in undistributed income of affiliates | (2 | ) | |
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 9,560 | |
Fixed charges, as above | $ | 1,984 | |
Ratio of earnings to fixed charges | 4.82 | ||
Including interest on deposits | |||
Fixed charges, as above | $ | 1,984 | |
Add: Interest on deposits | 320 | ||
Total fixed charges and interest on deposits | $ | 2,304 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 9,560 | |
Add: Interest on deposits | 320 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 9,880 | |
Ratio of earnings to fixed charges | 4.29 | ||
(a) | The proportion deemed representative of the interest factor. |