Attached files
| file | filename |
|---|---|
| EX-12.2 - EX-12.2 - JPMORGAN CHASE & CO | y90817exv12w2.htm |
| EX-99.1 - EX-99.1 - JPMORGAN CHASE & CO | y90817exv99w1.htm |
| EX-99.2 - EX-99.2 - JPMORGAN CHASE & CO | y90817exv99w2.htm |
| 8-K - FORM 8-K - JPMORGAN CHASE & CO | y90817e8vk.htm |
EXHIBIT 12.1
JPMORGAN CHASE & CO.
Computation of Ratio of Earnings to Fixed Charges
| Three months ended March 31, (in millions, except ratios) | 2011 | |||
Excluding interest on deposits |
||||
Income before income tax expense |
$ | 8,057 | ||
Fixed charges: |
||||
Interest expense |
2,816 | |||
One-third of rents, net of income from subleases (a) |
140 | |||
Total fixed charges |
2,956 | |||
Add: Equity in undistributed loss of affiliates |
26 | |||
Income before income tax expense and fixed charges,
excluding capitalized interest |
$ | 11,039 | ||
Fixed charges, as above |
$ | 2,956 | ||
Ratio of earnings to fixed charges |
3.73 | |||
Including interest on deposits |
||||
Fixed charges, as above |
$ | 2,956 | ||
Add: Interest on deposits |
922 | |||
Total fixed charges and interest on deposits |
$ | 3,878 | ||
Income before income tax expense and fixed charges,
excluding capitalized interest, as above |
$ | 11,039 | ||
Add: Interest on deposits |
922 | |||
Total income before income tax expense,
fixed charges and interest on deposits |
$ | 11,961 | ||
Ratio of earnings to fixed charges |
3.08 | |||
| (a) | The proportion deemed representative of the interest factor. |