Attached files
| file | filename |
|---|---|
| EX-99.1 - EARNINGS RELEASE - 4Q17 - JPMORGAN CHASE & CO | a4q17erfexhibit991narrative.htm |
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 4Q17 - JPMORGAN CHASE & CO | a4q17erfexhibit992suppleme.htm |
| EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - 4Q17 - JPMORGAN CHASE & CO | a4q17erfexhibit121.htm |
| 8-K - 8-K - JPMORGAN CHASE & CO | a4q17erf8kcover.htm |
EXHIBIT 12.2
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
Year ended December 31, (in millions, except ratios) | 2017 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 35,900 | |
Fixed charges: | |||
Interest expense | 11,418 | ||
One-third of rents, net of income from subleases (a) | 534 | ||
Total fixed charges | 11,952 | ||
Add: Equity in undistributed income of affiliates | 1,352 | ||
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 49,204 | |
Fixed charges, as above | $ | 11,952 | |
Preferred stock dividends (pre-tax) | 2,349 | ||
Fixed charges including preferred stock dividends | $ | 14,301 | |
Ratio of earnings to fixed charges and preferred stock dividend requirements | 3.44 | ||
Including interest on deposits | |||
Fixed charges including preferred stock dividends, as above | $ | 14,301 | |
Add: Interest on deposits | 2,857 | ||
Total fixed charges including preferred stock dividends and interest on deposits | $ | 17,158 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 49,204 | |
Add: Interest on deposits | 2,857 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 52,061 | |
Ratio of earnings to fixed charges and preferred stock dividend requirements | 3.03 | ||
(a) | The proportion deemed representative of the interest factor. |