Exhibit 11

CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS

	Three Months Ended				Six Months Ended
	6/30/04		6/30/03		6/30/04		6/30/03
	(Dollars in thousands, except per share data)
Basic earnings per share(1):
Net income	$	166,346	$	166,037	$	216,602	$	313,528
Weighted average common shares outstanding		224,089,781		225,501,687		223,811,719		225,249,543
Basic earnings per share	$	.74	$	.74	$	.96	$	1.40
Diluted earnings per share:
Net income	$	166,346	$	166,037	$	216,602	$	313,528
Weighted average common shares outstanding		224,089,781		225,501,687		223,811,719		225,249,543
Add common stock equivalents for shares issuable under stock option plans		7,737,487		5,594,007		7,211,446		5,528,728
Weighted average common and common equivalent shares outstanding		231,827,268		231,095,694		231,023,165		230,778,271
Diluted earnings per share	$	.72	$	.72	$	.94	$	1.36

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