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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Investment banking fees $ 3,282 $ 2,187 $ 9,722 $ 6,903
Principal transactions 3,546 4,142 14,122 14,700
Lending- and deposit-related fees 1,801 1,647 5,248 4,784
Asset management, administration and commissions 5,257 4,470 15,480 13,276
Investment securities gains/(losses) (256) 473 (397) 732
Mortgage fees and related income 600 1,087 1,855 2,324
Card income 1,005 1,169 4,002 3,138
Other income [1] 1,332 1,067 3,650 3,454
Noninterest revenue 16,567 16,242 53,682 49,311
Interest income 14,480 14,700 42,845 49,973
Interest expense 1,400 1,687 4,135 8,668
Net interest income 13,080 13,013 38,710 41,305
Total net revenue 29,647 29,255 92,392 90,616
Provision for credit losses (1,527) 611 (7,968) 19,369
Noninterest expense        
Compensation expense 9,087 8,630 29,502 27,034
Occupancy expense 1,109 1,142 3,314 3,288
Technology, communications and equipment expense 2,473 2,564 7,480 7,732
Professional and outside services 2,523 2,178 7,111 6,205
Marketing 712 470 2,089 1,751
Other expense 1,159 1,891 3,959 4,598
Total noninterest expense 17,063 16,875 53,455 50,608
Income before income tax expense 14,111 11,769 46,905 20,639
Income tax expense [1] 2,424 2,326 8,970 3,644
Net income 11,687 9,443 37,935 16,995
Net income applicable to common stockholders $ 11,229 $ 9,015 $ 36,576 $ 15,712
Net income per common share data        
Basic earnings per share (in dollars per share) $ 3.74 $ 2.93 $ 12.05 $ 5.10
Diluted earnings per share (in dollars per share) $ 3.74 $ 2.92 $ 12.02 $ 5.09
Weighted-average basic shares (in shares) 2,999.9 3,077.8 3,036.4 3,083.3
Weighted-average diluted shares (in shares) 3,005.1 3,082.8 3,041.7 3,088.1
[1] Prior-period amounts have been revised to conform with the current presentation. Refer to Note 1 for further information.