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 March 31, ---------------------------- 2000 1999 - ---------------------------------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE - ------------------------ Earnings: Net Income $ 1,360 $ 1,173 Less: Preferred Stock Dividends 16 18 --------- --------- Net Income Applicable to Common Stock $ 1,344 $ 1,155 ========= ========= Shares: Basic Average Common Shares Outstanding 813.8 843.6 Net Income per Share $ 1.65 $ 1.37 ========= ========= DILUTED EARNINGS PER SHARE - -------------------------- Earnings: Net Income Applicable to Common Stock $ 1,344 $ 1,155 ========= ========= Shares: Basic Average Common Shares Outstanding 813.8 843.6 Additional Shares Issuable Upon Exercise of Stock Options for Dilutive Effect 30.1 28.3 --------- --------- Average Common Shares Outstanding Assuming Dilution 843.9 871.9 Net Income per Share $ 1.59 $ 1.32 ========= ========= ========================================================================================================== -40-