Attached files
| file | filename |
|---|---|
| EX-99.2 - EARNINGS RELEASE FINANCIAL SUPPLEMENT - 1Q18 - JPMORGAN CHASE & CO | a1q18erfexhibit992suppleme.htm |
| EX-99.1 - EARNINGS RELEASE - 1Q18 - JPMORGAN CHASE & CO | a1q18erfexhibit991narrative.htm |
| EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS - 1Q18 - JPMORGAN CHASE & CO | a1q18erfexhibit122.htm |
| 8-K - 8-K - JPMORGAN CHASE & CO | a1q18erf8kcover.htm |
EXHIBIT 12.1
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
Three months ended March 31, (in millions, except ratios) | 2018 | ||
Excluding interest on deposits | |||
Income before income tax expense | $ | 10,662 | |
Fixed charges: | |||
Interest expense | 3,323 | ||
One-third of rents, net of income from subleases (a) | 134 | ||
Total fixed charges | 3,457 | ||
Add: Equity in undistributed income of affiliates | (115 | ) | |
Income before income tax expense and fixed charges, excluding capitalized interest | $ | 14,004 | |
Fixed charges, as above | $ | 3,457 | |
Ratio of earnings to fixed charges | 4.05 | ||
Including interest on deposits | |||
Fixed charges, as above | $ | 3,457 | |
Add: Interest on deposits | 1,060 | ||
Total fixed charges and interest on deposits | $ | 4,517 | |
Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 14,004 | |
Add: Interest on deposits | 1,060 | ||
Total income before income tax expense, fixed charges and interest on deposits | $ | 15,064 | |
Ratio of earnings to fixed charges | 3.33 | ||
(a) | The proportion deemed representative of the interest factor. |