EX-11 2 ex11.txt COMPUTATION OF EARNINGS PER COMMON SHARE 1 EXHIBIT 11 THE CHASE MANHATTAN CORPORATION COMPUTATION OF EARNINGS PER COMMON SHARE For a discussion of the computation of basic and diluted earnings per common share, see Note 10 of Chase's 1999 Annual Report.
(in millions, except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2000 1999 2000 1999 -------------------------------------------------------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE Earnings: Net Income $ 1,091 $ 1,393 $ 2,451 $ 2,566 Less: Preferred Stock Dividends 17 18 33 36 ---------- --------- ---------- --------- Net Income Applicable to Common Stock $ 1,074 $ 1,375 $ 2,418 $ 2,530 ========== ========= ========== ========= Shares: Basic Average Common Shares Outstanding 1,217.8 1,249.3 1,219.2 1,257.3 Net Income per Share $ 0.88 $ 1.10 $ 1.98 $ 2.01 ========== ======== ========== ========= DILUTED EARNINGS PER SHARE Earnings: Net Income Applicable to Common Stock $ 1,074 $ 1,375 $ 2,418 $ 2,530 ========== ========= ========== ========= Shares: Basic Average Common Shares Outstanding 1,217.8 1,249.3 1,219.2 1,257.3 Additional Shares Issuable Upon Exercise of Stock Options for Dilutive Effect 41.7 42.7 43.4 42.6 ---------- -------- ---------- --------- Average Common Shares Outstanding Assuming Dilution 1,259.5 1,292.0 1,262.6 1,299.9 Net Income per Share $ 0.85 $ 1.06 $ 1.92 $ 1.95 ========== ======== ========= ========= ==================================================================================================================================
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