XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Investment banking fees $ 1,851 $ 2,168 $ 3,691 $ 3,904
Principal transactions 3,714 3,782 7,790 7,734
Lending- and deposit-related fees 1,535 1,495 3,017 2,972
Asset management, administration and commissions 4,353 4,304 8,467 8,613
Investment securities gains/(losses) 44 (80) 57 (325)
Mortgage fees and related income 279 324 675 789
Card income 1,366 1,020 2,640 2,295
Other income 1,292 1,255 2,767 2,881
Noninterest revenue 14,434 14,268 29,104 28,863
Interest income [1] 21,603 18,566 42,992 36,060
Interest expense [1] 7,205 5,081 14,141 9,263
Net interest income 14,398 13,485 28,851 26,797
Total net revenue 28,832 27,753 57,955 55,660
Provision for credit losses 1,149 1,210 2,644 2,375
Noninterest expense        
Compensation expense 8,547 8,338 17,484 17,200
Occupancy expense 1,060 981 2,128 1,869
Technology, communications and equipment expense 2,378 2,168 4,742 4,222
Professional and outside services 2,212 2,126 4,251 4,247
Marketing 862 798 1,741 1,598
Other expense 1,282 1,560 2,390 2,915
Total noninterest expense 16,341 15,971 32,736 32,051
Income before income tax expense 11,342 10,572 22,575 21,234
Income tax expense 1,690 2,256 3,744 4,206
Net income 9,652 8,316 18,831 17,028
Net income applicable to common stockholders $ 9,192 $ 7,880 $ 17,945 $ 16,119
Net income per common share data        
Basic earnings per share (in dollars per share) $ 2.83 $ 2.31 $ 5.48 $ 4.69
Diluted earnings per share (in dollars per share) $ 2.82 $ 2.29 $ 5.46 $ 4.66
Weighted-average basic shares (in shares) 3,250.6 3,415.2 3,274.3 3,436.7
Weighted-average diluted shares (in shares) 3,259.7 3,434.7 3,283.9 3,457.1
[1]
In the second quarter of 2019, the Firm implemented certain presentation changes that impacted interest income and interest expense, but had no effect on net interest income. These changes were applied retrospectively and, accordingly, prior period amounts were revised to conform with the current presentation. For additional information, refer to Note 6.