XML 16 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Investment banking fees $ 2,168 $ 1,846 $ 3,904 $ 3,726
Principal transactions 3,782 3,137 7,734 6,719
Lending- and deposit-related fees 1,495 1,482 2,972 2,930
Asset management, administration and commissions 4,304 4,047 8,613 7,924
Investment securities losses (80) (34) (325) (37)
Mortgage fees and related income 324 404 789 810
Card income 1,020 1,167 2,295 2,081
Other income 1,255 1,474 2,881 2,245
Noninterest revenue 14,268 13,523 28,863 26,398
Interest income 18,869 15,650 36,564 30,692
Interest expense 5,384 3,442 9,767 6,420
Net interest income 13,485 12,208 26,797 24,272
Total net revenue 27,753 25,731 55,660 50,670
Provision for credit losses 1,210 1,215 2,375 2,530
Noninterest expense        
Compensation expense 8,338 7,757 17,200 16,013
Occupancy expense 981 912 1,869 1,873
Technology, communications and equipment expense 2,168 1,871 4,222 3,705
Professional and outside services 2,126 1,899 4,247 3,691
Marketing 798 756 1,598 1,469
Other expense 1,560 1,572 2,915 3,299
Total noninterest expense 15,971 14,767 32,051 30,050
Income before income tax expense 10,572 9,749 21,234 18,090
Income tax expense 2,256 2,720 4,206 4,613
Net income 8,316 7,029 17,028 13,477
Net income applicable to common stockholders $ 7,880 $ 6,555 $ 16,119 $ 12,531
Net income per common share data        
Basic earnings per share (in dollars per share) $ 2.31 $ 1.83 $ 4.69 $ 3.49
Diluted earnings per share (in dollars per share) $ 2.29 $ 1.82 $ 4.66 $ 3.47
Weighted-average basic shares (in shares) 3,415.2 3,574.1 3,436.7 3,587.9
Weighted-average diluted shares (in shares) 3,434.7 3,599.0 3,457.1 3,614.7
Cash dividends declared per common share (in dollars per share) $ 0.56 $ 0.50 $ 1.12 $ 1.00