Attached files
| file | filename |
|---|---|
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 3Q17 - JPMORGAN CHASE & CO | a3q17erfexhibit992suppleme.htm |
| EX-99.1 - EXHIBIT 99.1 - JPMORGAN CHASE & CO | a3q17erfexhibit991narrative.htm |
| EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - 3Q17 - JPMORGAN CHASE & CO | a3q17erfexhibit121.htm |
| 8-K - 8-K - JPMORGAN CHASE & CO | a3q17erf8kcover.htm |
EXHIBIT 12.2
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
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 | |
Preferred stock dividends (pre-tax) | 1,752 | ||
Fixed charges including preferred stock dividends | $ | 10,510 | |
Ratio of earnings to fixed charges and preferred stock dividend requirements | 3.52 | ||
Including interest on deposits | |||
Fixed charges including preferred stock dividends, as above | $ | 10,510 | |
Add: Interest on deposits | 1,949 | ||
Total fixed charges including preferred stock dividends and interest on deposits | $ | 12,459 | |
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 and preferred stock dividend requirements | 3.13 | ||
(a) | The proportion deemed representative of the interest factor. |