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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue        
Investment banking fees $ 1,933 $ 1,421 $ 3,726 $ 2,882
Principal transactions 3,140 2,090 7,885 6,638
Lending-and deposit-related fees 1,649 1,586 3,195 3,232
Asset management, administration and commissions 3,703 3,349 7,309 6,614
Securities gains 837 1,000 939 1,610
Mortgage fees and related income 1,103 888 616 1,546
Credit card income 1,696 1,495 3,133 2,856
Other income 882 585 1,456 997
Noninterest revenue 14,943 12,414 28,259 26,375
Interest income 15,632 15,719 31,079 32,564
Interest expense 3,796 3,032 7,338 6,167
Net interest income 11,836 12,687 23,741 26,397
Total net revenue 26,779 25,101 52,000 52,772
Provision for credit losses 1,810 3,363 2,979 10,373
Noninterest expense        
Compensation expense 7,569 7,616 15,832 14,892
Occupancy expense 935 883 1,913 1,752
Technology, communications and equipment expense 1,217 1,165 2,417 2,302
Professional and outside services 1,866 1,685 3,601 3,260
Marketing 744 628 1,403 1,211
Other expense 4,299 2,419 7,242 6,860
Amortization of intangibles 212 235 429 478
Total noninterest expense 16,842 14,631 32,837 30,755
Income before income tax expense 8,127 7,107 16,184 11,644
Income tax expense 2,696 2,312 5,198 3,523
Net income 5,431 4,795 10,986 8,121
Net income applicable to common stockholders 5,067 4,363 10,203 7,335
Net income per common share data        
Basic earnings per share $ 1.28 $ 1.10 $ 2.57 $ 1.84
Diluted earnings per share $ 1.27 $ 1.09 $ 2.55 $ 1.83
Weighted-average basic shares 3,958.4 3,983.5 3,970.0 3,977.0
Weighted-average diluted shares 3,983.2 4,005.6 3,998.6 4,000.2
Cash dividends declared per common share $ 0.25 $ 0.05 $ 0.50 $ 0.10
Other-than-temporary impairment losses included in securities gains        
Total other-than-temporary impairment losses 0 0 (27) (94)
Losses recorded in/(reclassified from) other comprehensive income (13) 0 (16) (6)
Credit losses recognized in income $ (13) $ 0 $ (43) $ (100)