Attached files
| file | filename |
|---|---|
| EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - 3Q18 - JPMORGAN CHASE & CO | a3q18erfexhibit121.htm |
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 3Q18 - JPMORGAN CHASE & CO | a3q18erfexhibit992suppleme.htm |
| EX-99.1 - EARNINGS RELEASE - 3Q18 - JPMORGAN CHASE & CO | a3q18erfexhibit991narrative.htm |
| 8-K - 8-K - JPMORGAN CHASE & CO | a3q18erf8kcover.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) | 2018 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 31,923 | |
Fixed charges: | |||
Interest expense | 11,678 | ||
One-third of rents, net of income from subleases (a) | 406 | ||
Total fixed charges | 12,084 | ||
Add: Equity in undistributed income of affiliates | 456 | ||
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 44,463 | |
Fixed charges, as above | $ | 12,084 | |
Preferred stock dividends (pre-tax) | 1,506 | ||
Fixed charges including preferred stock dividends | $ | 13,590 | |
Ratio of earnings to fixed charges and preferred stock dividend requirements | 3.27 | ||
Including interest on deposits | |||
Fixed charges including preferred stock dividends, as above | $ | 13,590 | |
Add: Interest on deposits | 4,021 | ||
Total fixed charges including preferred stock dividends and interest on deposits | $ | 17,611 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 44,463 | |
Add: Interest on deposits | 4,021 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 48,484 | |
Ratio of earnings to fixed charges and preferred stock dividend requirements | 2.75 | ||
(a) | The proportion deemed representative of the interest factor. |