Attached files

file filename
EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS - 3Q17 - JPMORGAN CHASE & COa3q17erfexhibit122.htm
EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 3Q17 - JPMORGAN CHASE & COa3q17erfexhibit992suppleme.htm
EX-99.1 - EXHIBIT 99.1 - JPMORGAN CHASE & COa3q17erfexhibit991narrative.htm
8-K - 8-K - JPMORGAN CHASE & COa3q17erf8kcover.htm


EXHIBIT 12.1
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
 
Nine Months ended September 30, (in millions, except ratios)
2017

Excluding interest on deposits
 
Income before income tax expense
$
27,646

Fixed charges:
 
Interest expense
8,360

One-third of rents, net of income from subleases (a)
398

Total fixed charges
8,758

Add: Equity in undistributed income of affiliates
597

Income before income tax expense and fixed charges, excluding capitalized interest
$
37,001

Fixed charges, as above
$
8,758

Ratio of earnings to fixed charges
4.22

Including interest on deposits
 
Fixed charges, as above
$
8,758

Add: Interest on deposits
1,949

Total fixed charges and interest on deposits
$
10,707

Income before income tax expense and fixed charges, excluding capitalized interest, as above
$
37,001

Add: Interest on deposits
1,949

Total income before income tax expense, fixed charges and interest on deposits
$
38,950

Ratio of earnings to fixed charges
3.64




(a)
The proportion deemed representative of the interest factor.