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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue    
Investment banking fees $ 1,333 $ 1,794
Principal transactions 2,679 3,655
Lending- and deposit-related fees 1,403 1,363
Asset management, administration and commissions 3,624 3,807
Securities gains [1] 51 52
Mortgage fees and related income 667 705
Card income 1,301 1,431
Other income 801 582
Noninterest revenue 11,859 13,389
Interest income 13,552 12,565
Interest expense 2,172 1,888
Net interest income 11,380 10,677
Total net revenue 23,239 24,066
Provision for credit losses 1,824 959
Noninterest expense    
Compensation expense 7,660 8,043
Occupancy expense 883 933
Technology, communications and equipment expense 1,618 1,491
Professional and outside services 1,548 1,634
Marketing 703 591
Other expense 1,425 2,191
Total noninterest expense 13,837 14,883
Income before income tax expense 7,578 8,224
Income tax expense 2,058 2,310
Net income 5,520 5,914
Net income applicable to common stockholders $ 4,991 $ 5,452
Net income per common share data    
Basic earnings per share (in dollars per share) $ 1.36 $ 1.46
Diluted earnings per share (in dollars per share) $ 1.35 $ 1.45
Weighted-average basic shares (in shares) 3,669.9 3,725.3
Weighted-average diluted shares (in shares) 3,696.9 3,757.5
Cash dividends declared per common share (in dollars per share) $ 0.44 $ 0.40
Other-than-temporary impairment losses included in securities gains    
Total credit losses recognized in income $ (11) $ (1)
[1] The Firm recognized other-than-temporary impairment (“OTTI”) losses of $11 million and $1 million for the three months ended March 31, 2016 and 2015, respectively.