EX-12.1 4 bk3q201510-qex121.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK Exhibit


Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS

The Bank of New York Mellon Corporation
 
 
Quarter ended
Year-to-date
(dollar amounts in millions)
Sept. 30, 2015

June 30,
2015

Sept. 30, 2014

Sept. 30, 2015

Sept. 30, 2014

Earnings
 
 
 
 
 
Income before income taxes
$
1,109

$
1,165

$
1,662

$
3,364

$
3,399

Net loss (income) attributable to noncontrolling interests
6

(36
)
(23
)
(61
)
(60
)
Income before income taxes attributable to shareholders of The Bank of New York Mellon Corporation
1,115

1,129

1,639

3,303

3,339

Fixed charges, excluding interest on deposits
97

87

92

276

277

Income before income taxes and fixed charges, excluding interest on deposits applicable to the shareholders of The Bank of New York Mellon Corporation
1,212

1,216

1,731

3,579

3,616

Interest on deposits
9

8

24

32

70

Income before income taxes and fixed charges, including interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation
$
1,221

$
1,224

$
1,755

$
3,611

$
3,686

Fixed charges
 
 
 
 
 
Interest expense, excluding interest on deposits
$
70

$
60

$
64

$
194

$
194

One-third net rental expense (a)
27

27

28

82

83

Total fixed charges, excluding interest on deposits
97

87

92

276

277

Interest on deposits
9

8

24

32

70

Total fixed charges, including interests on deposits
$
106

$
95

$
116

$
308

$
347

Preferred stock dividends
$
13

$
23

$
13

$
49

$
49

 
 
 
 
 
 
Total fixed charges and preferred stock dividends, excluding interest on deposits
$
110

$
110

$
105

$
325

$
326

Total fixed charges and preferred stock dividends, including interest on deposits
$
119

$
118

$
129

$
357

$
396

 
 
 
 
 
 
Earnings to fixed charges ratios
 
 
 
 
 
Excluding interest on deposits
12.49

13.98

18.82

12.97

13.05

Including interest on deposits
11.52

12.88

15.13

11.72

10.62

 
 
 
 
 
 
Earnings to fixed charges and preferred stock dividends ratios
 
 
 
 
 
Excluding interest on deposits
11.02

11.05

16.49

11.01

11.09

Including interest on deposits
10.26

10.37

13.60

10.11

9.31

(a)
The proportion deemed representative of the interest factor.