EX-12.1 2 bk3q201710-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, 2017

June 30,
2017

Sept. 30, 2016

 
Sept. 30, 2017

Sept. 30, 2016

Earnings
 
 
 
 
 
 
Income before income taxes
$
1,368

$
1,308

$
1,317

 
$
3,882

$
3,573

Net (income) loss attributable to noncontrolling interests
(2
)
(1
)
(6
)
 
(18
)
1

Income before income taxes attributable to shareholders of The Bank of New York Mellon Corporation
1,366

1,307

1,311

 
3,864

3,574

Fixed charges, excluding interest on deposits
279

217

130

 
679

394

Income before income taxes and fixed charges, excluding interest on deposits applicable to the shareholders of The Bank of New York Mellon Corporation
1,645

1,524

1,441

 
4,543

3,968

Interest on deposits
57

32

(6
)
 
98

21

Income before income taxes and fixed charges, including interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation
$
1,702

$
1,556

$
1,435

 
$
4,641

$
3,989

Fixed charges
 
 
 
 
 
 
Interest expense, excluding interest on deposits
$
255

$
194

$
106

 
$
608

$
319

One-third net rental expense (a)
24

23

24

 
71

75

Total fixed charges, excluding interest on deposits
279

217

130

 
679

394

Interest on deposits
57

32

(6
)
 
98

21

Total fixed charges, including interests on deposits
$
336

$
249

$
124

 
$
777

$
415

Preferred stock dividends
$
35

$
49

$
13

 
$
126

$
74

 
 
 
 
 
 
 
Total fixed charges and preferred stock dividends, excluding interest on deposits
$
314

$
266

$
143

 
$
805

$
468

Total fixed charges and preferred stock dividends, including interest on deposits
$
371

$
298

$
137

 
$
903

$
489

 
 
 
 
 
 
 
Earnings to fixed charges ratios
 
 
 
 
 
 
Excluding interest on deposits
5.90

7.02

11.08

 
6.69

10.07

Including interest on deposits
5.07

6.25

11.57

 
5.97

9.61

 
 
 
 
 
 
 
Earnings to fixed charges and preferred stock dividends ratios
 
 
 
 
 
 
Excluding interest on deposits
5.24

5.73

10.08

 
5.64

8.48

Including interest on deposits
4.59

5.22

10.47

 
5.14

8.16

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