Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - JPMORGAN CHASE & CO | y88989e8vk.htm |
| EX-12.2 - EX-12.2 - JPMORGAN CHASE & CO | y88989exv12w2.htm |
| EX-99.1 - EX-99.1 - JPMORGAN CHASE & CO | y88989exv99w1.htm |
| EX-99.2 - EX-99.2 - JPMORGAN CHASE & CO | y88989exv99w2.htm |
EXHIBIT 12.1
JPMORGAN CHASE & CO.
Computation of Ratio of Earnings to Fixed Charges
| Year ended December 31, (in millions, except ratios) | 2010 | |||
Excluding interest on deposits |
||||
Income before income tax expense |
$ | 24,859 | ||
Fixed charges: |
||||
Interest expense |
9,357 | |||
One-third of rents, net of income from subleases (a) |
578 | |||
Total fixed charges |
9,935 | |||
Add: Equity in undistributed loss of affiliates |
127 | |||
Income before income tax expense and fixed charges,
excluding capitalized interest |
$ | 34,921 | ||
Fixed charges, as above |
$ | 9,935 | ||
Ratio of earnings to fixed charges |
3.51 | |||
Including interest on deposits |
||||
Fixed charges, as above |
$ | 9,935 | ||
Add: Interest on deposits |
3,424 | |||
Total fixed charges and interest on deposits |
$ | 13,359 | ||
Income before income tax expense and fixed charges,
excluding capitalized interest, as above |
$ | 34,921 | ||
Add: Interest on deposits |
3,424 | |||
Total income before income tax expense,
fixed charges and interest on deposits |
$ | 38,345 | ||
Ratio of earnings to fixed charges |
2.87 | |||
| (a) | The proportion deemed representative of the interest factor. |