EX-12.2 3 a1q18erfexhibit122.htm RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS - 1Q18 Exhibit


EXHIBIT 12.2
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
 
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

Preferred stock dividends (pre-tax)
521

Fixed charges including preferred stock dividends
$
3,978

Ratio of earnings to fixed charges and preferred stock dividend requirements
3.52

Including interest on deposits
 
Fixed charges including preferred stock dividends, as above
$
3,978

Add: Interest on deposits
1,060

Total fixed charges including preferred stock dividends and interest on deposits
$
5,038

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 and preferred stock dividend requirements
2.99



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