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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Investment banking fees $ 1,832 $ 1,868 $ 5,736 $ 5,594
Principal transactions 2,964 2,721 10,698 9,440
Lending- and deposit-related fees 1,542 1,497 4,514 4,427
Asset management, administration and commissions 4,310 4,072 12,923 11,996
Investment securities losses (46) (1) (371) (38)
Mortgage fees and related income 262 429 1,051 1,239
Card income 1,328 1,242 3,623 3,323
Other income 1,160 952 4,041 3,197
Noninterest revenue 13,352 12,780 42,215 39,178
Interest income 19,840 16,687 56,404 47,379
Interest expense 5,932 3,889 15,699 10,309
Net interest income 13,908 12,798 40,705 37,070
Total net revenue 27,260 25,578 82,920 76,248
Provision for credit losses 948 1,452 3,323 3,982
Noninterest expense        
Compensation expense 8,108 7,697 25,308 23,710
Occupancy expense 1,014 930 2,883 2,803
Technology, communications and equipment expense 2,219 1,972 6,441 5,677
Professional and outside services 2,086 1,955 6,333 5,646
Marketing 798 710 2,396 2,179
Other expense 1,398 1,306 4,313 4,605
Total noninterest expense 15,623 14,570 47,674 44,620
Income before income tax expense 10,689 9,556 31,923 27,646
Income tax expense 2,309 2,824 6,515 7,437
Net income 8,380 6,732 25,408 20,209
Net income applicable to common stockholders $ 7,948 $ 6,262 $ 24,067 $ 18,786
Net income per common share data        
Basic earnings per share (in dollars per share) $ 2.35 $ 1.77 $ 7.04 $ 5.26
Diluted earnings per share (in dollars per share) $ 2.34 $ 1.76 $ 7.00 $ 5.22
Weighted-average basic shares (in shares) 3,376.1 3,534.7 3,416.5 3,570.9
Weighted-average diluted shares (in shares) 3,394.3 3,559.6 3,436.2 3,597.0
Cash dividends declared per common share (in dollars per share) $ 0.80 $ 0.56 $ 1.92 $ 1.56