Exhibit 11

CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS

	Three Months Ended
	3/31/04		3/31/03
	(Dollars in thousands
	except per share data)
Basic earnings per share:
Net income	$	50,256	$	147,491
Weighted average common shares outstanding		223,533,656		224,997,398
Basic earnings per share	$	.22	$	.66
Diluted earnings per share:
Net income	$	50,256	$	147,491
Weighted average common shares outstanding		223,533,656		224,997,398
Add common stock equivalents for shares issuable under stock option plans		6,685,405		5,463,449
Weighted average common and common equivalent shares outstanding		230,219,061		230,460,847
Diluted earnings per share	$	.22	$	.64

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