Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - JPMORGAN CHASE & CO | y91856e8vk.htm |
| EX-99.2 - EX-99.2 - JPMORGAN CHASE & CO | y91856exv99w2.htm |
| EX-12.2 - EX-12.2 - JPMORGAN CHASE & CO | y91856exv12w2.htm |
| EX-99.1 - EX-99.1 - JPMORGAN CHASE & CO | y91856exv99w1.htm |
EXHIBIT 12.1
JPMORGAN CHASE & CO.
Computation of Ratio of Earnings to Fixed Charges
| Six months ended June 30, (in millions, except ratios) | 2011 | |||
Excluding interest on deposits |
||||
Income before income tax expense |
$ | 16,184 | ||
Fixed charges: |
||||
Interest expense |
5,293 | |||
One-third of rents, net of income from
subleases (a) |
280 | |||
Total fixed charges |
5,573 | |||
Less: Equity in undistributed income of affiliates |
(115 | ) | ||
Income before income tax expense and fixed charges, excluding capitalized interest |
$ | 21,642 | ||
Fixed charges, as above |
$ | 5,573 | ||
Ratio of earnings to fixed charges |
3.88 | |||
Including interest on deposits |
||||
Fixed charges, as above |
$ | 5,573 | ||
Add: Interest on deposits |
2,045 | |||
Total fixed charges and interest on deposits |
$ | 7,618 | ||
Income before income tax expense and fixed charges, excluding capitalized interest, as above |
$ | 21,642 | ||
Add: Interest on deposits |
2,045 | |||
Total income before income tax expense, fixed charges and interest on deposits |
$ | 23,687 | ||
Ratio of earnings to fixed charges |
3.11 | |||
| (a) | The proportion deemed representative of the interest factor. |