EX-12.1 2 bk1q201710-qex121.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK Exhibit


Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS

The Bank of New York Mellon Corporation

 
Quarter ended
(dollar amounts in millions)
March 31,
2017

Dec. 31, 2016

March 31,
2016

Earnings
 
 
 
Income before income taxes
$
1,206

$
1,152

$
1,091

Net (income) loss attributable to noncontrolling interests
(15
)
(2
)
9

Income before income taxes attributable to shareholders of The Bank of New York Mellon Corporation
1,191

1,150

1,100

Fixed charges, excluding interest on deposits
183

127

128

Income before income taxes and fixed charges, excluding interest on deposits applicable to the shareholders of The Bank of New York Mellon Corporation
1,374

1,277

1,228

Interest on deposits
9

(5
)
15

Income before income taxes and fixed charges, including interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation
$
1,383

$
1,272

$
1,243

Fixed charges
 
 
 
Interest expense, excluding interest on deposits
$
159

$
102

$
102

One-third net rental expense (a)
24

25

26

Total fixed charges, excluding interest on deposits
183

127

128

Interest on deposits
9

(5
)
15

Total fixed charges, including interests on deposits
$
192

$
122

$
143

Preferred stock dividends
$
42

$
48

$
13

 
 
 
 
Total fixed charges and preferred stock dividends, excluding interest on deposits
$
225

$
175

$
141

Total fixed charges and preferred stock dividends, including interest on deposits
$
234

$
170

$
156

 
 
 
 
Earnings to fixed charges ratios
 
 
 
Excluding interest on deposits
7.51

10.06

9.59

Including interest on deposits
7.20

10.43

8.69

 
 
 
 
Earnings to fixed charges and preferred stock dividends ratios
 
 
 
Excluding interest on deposits
6.11

7.30

8.71

Including interest on deposits
5.91

7.48

7.97

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