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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
Interest income $ 1,571 $ 1,233 $ 1,215
Interest expense (86) (85) (194)
Net interest income 1,485 1,148 1,021
Commissions 441 442 424
Fees and service charges 369 268 210
Gains (losses) on securities and other, net 28 42 (324)
Other revenue 43 41 39
Total non-interest income 881 793 349
Total net revenue 2,366 1,941 1,370
Provision (benefit) for loan losses (168) (149) (40)
Non-interest expense:      
Compensation and benefits 546 501 466
Advertising and market development 166 131 124
Clearing and servicing 124 105 95
Professional services 99 97 103
Occupancy and equipment 116 98 88
Communications 121 87 90
Depreciation and amortization 82 79 81
FDIC insurance premiums 31 25 41
Amortization of other intangibles 36 23 20
Restructuring and acquisition-related activities 15 35 17
Losses on early extinguishment of debt, net 58 0 112
Other non-interest expenses 76 71 82
Total non-interest expense 1,470 1,252 1,319
Income before income tax expense (benefit) 1,064 838 91
Income tax expense (benefit) 450 286 (177)
Net income 614 552 268
Preferred stock dividends 25 0 0
Net income available to common shareholders $ 589 $ 552 $ 268
Basic earnings per common share (in dollars per share) $ 2.16 $ 1.99 $ 0.92
Diluted earnings per common share (in dollars per share) $ 2.15 $ 1.98 $ 0.91
Shares used in computation of per common share data:      
Basic (in thousands) 273,190 277,789 290,762
Diluted (in thousands) 274,352 279,048 295,011