Attached files
| file | filename |
|---|---|
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 3Q16 - JPMORGAN CHASE & CO | a3q16erfexhibit992suppleme.htm |
| EX-99.1 - EARNINGS RELEASE - 3Q16 - JPMORGAN CHASE & CO | a3q16erfexhibit991narrative.htm |
| EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS - 3Q16 - JPMORGAN CHASE & CO | a3q16erfexhibit122.htm |
| 8-K - 8-K - JPMORGAN CHASE & CO | a3q16erf8kcover.htm |
EXHIBIT 12.1
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
Nine Months ended September 30, (in millions, except ratios) | 2016 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 25,857 | |
Fixed charges: | |||
Interest expense | 6,124 | ||
One-third of rents, net of income from subleases (a) | 402 | ||
Total fixed charges | 6,526 | ||
Less: Equity in undistributed income of affiliates | 106 | ||
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 32,489 | |
Fixed charges, as above | $ | 6,526 | |
Ratio of earnings to fixed charges | 4.98 | ||
Including interest on deposits | |||
Fixed charges, as above | $ | 6,526 | |
Add: Interest on deposits | 981 | ||
Total fixed charges and interest on deposits | $ | 7,507 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 32,489 | |
Add: Interest on deposits | 981 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 33,470 | |
Ratio of earnings to fixed charges | 4.46 | ||
(a) | The proportion deemed representative of the interest factor. |