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JPMorgan Chase & Co – ‘10-K’ for 12/31/08 – EX-12.2

On:  Monday, 3/2/09, at 4:12pm ET   ·   For:  12/31/08   ·   Accession #:  950123-9-3840   ·   File #:  1-05805

Previous ‘10-K’:  ‘10-K’ on 2/29/08 for 12/31/07   ·   Next:  ‘10-K’ on 2/24/10 for 12/31/09   ·   Latest:  ‘10-K’ on 2/16/24 for 12/31/23   ·   5 References:   

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/02/09  JPMorgan Chase & Co               10-K       12/31/08   25:5.5M                                   RR Donnelley/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.41M 
 2: EX-4.1.A    Ex-4.1.A: Indenture                                  100    349K 
 3: EX-4.1.C    Ex-4.1.C: Fifth Supplemental Indenture              HTML     89K 
 4: EX-4.4.A    Ex-4.4.A: Junior Subordinated Indenture               79    372K 
10: EX-10.10    Ex-10.10: Amendment to Bank One Corporation         HTML     41K 
                          Director Stock Plan                                    
11: EX-10.12    Ex-10.12: Bank One Corporation Stock Performance    HTML     42K 
                          Plan                                                   
12: EX-10.13    Ex-10.13: Bank One Corporation Supplemental         HTML     32K 
                          Savings and Investment Plan                            
13: EX-10.14    Ex-10.14: Banc One Corporation 1989 Stock             14     69K 
                          Incentive Plan                                         
14: EX-10.15    Ex-10.15: Banc One Corporation 1995 Stock             10     51K 
                          Incentive Plan                                         
15: EX-10.20    Ex-10.20: Form of Long-Term Incentive Plan Terms    HTML     58K 
                          and Conditions for Stock Appreciation                  
                          Rights                                                 
16: EX-10.21    Ex-10.21: Form of Long Term Incentive Plan Terms    HTML     59K 
                          and Conditions for Operating Committee                 
                          Member Stock Appreciation Rights                       
17: EX-10.22    Ex-10.22: Form of Long Term Incentive Plan Terms    HTML     57K 
                          and Conditions for Restricted Stock                    
                          Units                                                  
18: EX-10.23    Ex-10.23: Form of Long-Term Incentive Plan Terms    HTML     60K 
                          and Conditions for Operating Committee                 
                          Restricted Stock Units                                 
 5: EX-10.3     Ex-10.3: Post-Retirement Compensation Plan for         5     24K 
                          Non-Employee Directors                                 
 6: EX-10.4     Ex-10.4: 2005 Deferred Compensation Program         HTML     89K 
 7: EX-10.7     Ex-10.7: Excess Retirement Plan                     HTML     45K 
 8: EX-10.8     Ex-10.8: 1995 Stock Incentive Plan                    16     62K 
 9: EX-10.9     Ex-10.9: Executive Retirement Plan                  HTML     38K 
19: EX-12.1     Ex-12.1: Computation of Ratio of Earnings to Fixed  HTML     25K 
                          Charges                                                
20: EX-12.2     Ex-12.2: Computation of Ratio of Earnings to Fixed  HTML     26K 
                          Charges and Preferred Stock Dividend                   
                          Requirements                                           
21: EX-21.1     Ex-21.1: List of Subsidiaries of Jpmorgan Chase &   HTML    145K 
                          Co.                                                    
22: EX-23.1     Ex-23.1: Consent of Independent Registered Public   HTML     13K 
                          Accounting Firm                                        
23: EX-31.1     Ex-31.1: Certification                              HTML     18K 
24: EX-31.2     Ex-31.2: Certification                              HTML     18K 
25: EX-32       Ex-32: Certification                                HTML     14K 


EX-12.2   —   Ex-12.2: Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividend Requirements


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  EX-12.2  

Exhibit 12.2
JPMorgan Chase & Co.
Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
                                         
Year ended December 31,                              
(in millions, except ratios)   2008(b)     2007     2006     2005     2004(c)  
 
 
                                       
Excluding interest on deposits
                                       
 
                                       
Income from continuing operations before income taxes
  $ 2,773     $ 22,805     $ 19,886     $ 11,839     $ 5,856  
 
Fixed charges:
                                       
Interest expense
    19,693       23,328       20,823       15,534       9,418  
One-third of rents, net of income from subleases(a)
    507       400       357       349       334  
 
Total fixed charges
    20,200       23,728       21,180       15,883       9,752  
 
Less: Equity in undistributed income of affiliates/Add: Equity in undistributed loss of affiliates
    623       (159 )     (152 )     6       149  
 
Income from continuing operations before income taxes and fixed charges, excluding capitalized interest
  $ 23,596     $ 46,374     $ 40,914     $ 27,728     $ 15,757  
 
Fixed charges, as above
  $ 20,200     $ 23,728     $ 21,180     $ 15,883     $ 9,752  
Preferred stock dividends (pretax)
    803             6       18       68  
 
Fixed charges including preferred stock dividends
  $ 21,003     $ 23,728     $ 21,186     $ 15,901     $ 9,820  
 
Ratio of earnings to fixed charges and preferred stock dividend requirements
    1.12       1.95       1.93       1.74       1.60  
 
 
                                       
Including interest on deposits
                                       
 
                                       
Fixed charges including preferred stock dividends, as above
  $ 21,003     $ 23,728     $ 21,186     $ 15,901     $ 9,820  
Add: Interest on deposits
    14,546       21,653       17,042       9,986       4,515  
 
Total fixed charges including preferred stock dividends and interest on deposits
  $ 35,549     $ 45,381     $ 38,228     $ 25,887     $ 14,335  
 
Income from continuing operations before income taxes and fixed charges, excluding capitalized interest, as above
  $ 23,596     $ 46,374     $ 40,914     $ 27,728     $ 15,757  
Add: Interest on deposits
    14,546       21,653       17,042       9,986       4,515  
 
Total income from continuing operations before income taxes, fixed charges and interest on deposits
  $ 38,142     $ 68,027     $ 57,956     $ 37,714     $ 20,272  
 
Ratio of earnings to fixed charges and preferred stock dividend requirements
    1.07       1.50       1.52       1.46       1.41  
 
 
(a)   The proportion deemed representative of the interest factor.
(b)   On September 25, 2008, JPMorgan Chase acquired the banking operations of Washington Mutual Bank. On May 30, 2008, the Bear Stearns merger was consummated. Each of these transactions was accounted for as a purchase and their respective results of operations are included in the Firm’s results from each respective transaction date.
(c)   On July 1, 2004, Bank One Corporation merged with and into JPMorgan Chase. Accordingly, 2004 results include six months of the combined Firm’s results and six months of heritage JPMorgan Chase results.

239


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/2/093,  424B2,  FWP
For Period End:12/31/0811-K,  13F-HR,  13F-HR/A,  4
9/25/08424B2,  8-K,  FWP
5/30/084,  4/A,  424B2,  8-K,  8-K/A,  FWP
7/1/043,  3/A,  4,  4/A,  8-A12B,  8-K,  8-K/A,  S-3/A,  S-8 POS
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/16/24  JPMorgan Chase & Co.              10-K       12/31/23  245:67M
 5/31/23  JPMorgan Chase & Co.              S-8         5/31/23    6:158K                                   Donnelley … Solutions/FA
 2/21/23  JPMorgan Chase & Co.              10-K       12/31/22  222:69M
 2/22/22  JPMorgan Chase & Co.              10-K       12/31/21  219:66M
 2/23/21  JPMorgan Chase & Co.              10-K       12/31/20  220:68M
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Filing Submission 0000950123-09-003840   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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