Attached files
| file | filename |
|---|---|
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 2Q16 - JPMORGAN CHASE & CO | a2q16erfexhibit992suppleme.htm |
| EX-99.1 - EARNINGS RELEASE - 2Q16 - JPMORGAN CHASE & CO | a2q16erfexhibit991narrative.htm |
| EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - 2Q16 - JPMORGAN CHASE & CO | a2q16erfexhibit121.htm |
| 8-K - 8-K - JPMORGAN CHASE & CO | a2q16erf8kcover.htm |
EXHIBIT 12.2
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
Six Months ended June 30, (in millions, except ratios) | 2016 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 16,918 | |
Fixed charges: | |||
Interest expense | 3,997 | ||
One-third of rents, net of income from subleases (a) | 269 | ||
Total fixed charges | 4,266 | ||
Less: Equity in undistributed income of affiliates | (36 | ) | |
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 21,148 | |
Fixed charges, as above | $ | 4,266 | |
Preferred stock dividends (pre-tax) | 1,159 | ||
Fixed charges including preferred stock dividends | $ | 5,425 | |
Ratio of earnings to fixed charges and preferred stock dividend requirements | 3.90 | ||
Including interest on deposits | |||
Fixed charges including preferred stock dividends, as above | $ | 5,425 | |
Add: Interest on deposits | 641 | ||
Total fixed charges including preferred stock dividends and interest on deposits | $ | 6,066 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 21,148 | |
Add: Interest on deposits | 641 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 21,789 | |
Ratio of earnings to fixed charges and preferred stock dividend requirements | 3.59 | ||
(a) | The proportion deemed representative of the interest factor. |