Exhibit 11

CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS

		Three Months Ended				Six Months Ended
		6/30/01		6/30/00		6/30/01		6/30/00
		(Dollars in thousands, except per share data)
Basic earnings per share(1):
	Weighted average number of common shares outstanding		207,439,620		217,603,358		207,933,717		218,749,861
	Net income	$	120,412	$	103,287	$	235,202	$	214,996
	Basic earnings per share	$	.58	$	.47	$	1.13	$	.98
Diluted earnings per share(1):
	Weighted average number of common shares outstanding		207,439,620		217,603,358		207,933,717		218,749,861
	Add common stock equivalents for shares issuable under stock option plans		5,304,641		4,040,619		5,221,284		3,416,106
	Weighted average number of common and common equivalent shares outstanding		212,744,261		221,643,977		213,155,001		222,165,967
	Net income	$	120,412	$	103,287	$	235,202	$	214,996
	Diluted earnings per share	$	.57	$	.47	$	1.11	$	.97

(1) Restated to reflect the 5% stock dividend issued September 30, 2000.