Attached files
| file | filename |
|---|---|
| EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS - 1Q17 - JPMORGAN CHASE & CO | a1q17erfexhibit122.htm |
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 1Q17 - JPMORGAN CHASE & CO | a1q17erfexhibit992suppleme.htm |
| EX-99.1 - EXHIBIT 99.1 - JPMORGAN CHASE & CO | a1q17erfexhibit991narrative.htm |
| 8-K - 8-K - JPMORGAN CHASE & CO | a1q17erf8kcover.htm |
EXHIBIT 12.1
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
Three Months ended March 31, (in millions, except ratios) | 2017 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 8,341 | |
Fixed charges: | |||
Interest expense | 2,495 | ||
One-third of rents, net of income from subleases (a) | 133 | ||
Total fixed charges | 2,628 | ||
Add: Equity in undistributed income of affiliates | 179 | ||
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 11,148 | |
Fixed charges, as above | $ | 2,628 | |
Ratio of earnings to fixed charges | 4.24 | ||
Including interest on deposits | |||
Fixed charges, as above | $ | 2,628 | |
Add: Interest on deposits | 483 | ||
Total fixed charges and interest on deposits | $ | 3,111 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 11,148 | |
Add: Interest on deposits | 483 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 11,631 | |
Ratio of earnings to fixed charges | 3.74 | ||
(a) | The proportion deemed representative of the interest factor. |