JPMorgan Chase & Co. (JPM) 8-K Jpmorgan Chase Reports 2002 Fourth Quarter and Full Year Results

TABLE OF CONTENTS

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PRESS RELEASE

2002 FOURTH QUARTER FINANCIAL SUPPLEMENT

INVESTOR PRESENTATION SLIDES

EXHIBIT 12.1

J.P. MORGAN CHASE & CO.

Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)

		Full Year
		2002
Excluding Interest on Deposits
Income before income taxes		$	2,519
Fixed charges:
	Interest expense		8,505
	One-third of rents, net of income from subleases(a)		293
Total fixed charges			8,798
Less: Equity in undistributed income of affiliates			(85	)
Earnings before taxes and fixed charges, excluding capitalized interest		$	11,232
Fixed charges, as above		$	8,798
Ratio of earnings to fixed charges			1.28
Including Interest on Deposits
Fixed charges, as above		$	8,798
Add: Interest on deposits			5,253
Total fixed charges and interest on deposits		$	14,051
Earnings before taxes and fixed charges, excluding capitalized interest, as above		$	11,232
Add: Interest on deposits			5,253
Total earnings before taxes, fixed charges and interest on deposits		$	16,485
Ratio of earnings to fixed charges			1.17

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