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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net Revenues      
Interest revenue $ 7,580 $ 6,680 $ 4,624
Interest expense (1,064) (857) (342)
Net interest revenue 6,516 5,823 4,282
Other 377 317 290
Total net revenues 10,721 10,132 8,618
Expenses Excluding Interest      
Compensation and benefits 3,320 3,057 2,737
Professional services 702 654 580
Occupancy and equipment 559 496 436
Advertising and market development 307 313 268
Communications 253 242 231
Depreciation and amortization 349 306 269
Regulatory fees and assessments 122 189 179
Other 261 313 268
Total expenses excluding interest 5,873 5,570 4,968
Income before taxes on income 4,848 4,562 3,650
Taxes on income 1,144 1,055 1,296
Net Income 3,704 3,507 2,354
Preferred stock dividends and other [1] 178 178 174
Net Income Available to Common Stockholders $ 3,526 $ 3,329 $ 2,180
Weighted-Average Common Shares Outstanding:      
Basic (in shares) 1,311 1,348 1,339
Diluted (in shares) [2] 1,320 1,361 1,353
Earnings Per Common Shares Outstanding:      
Basic (USD per share) $ 2.69 $ 2.47 $ 1.63
Diluted (USD per share) [2] $ 2.67 $ 2.45 $ 1.61
Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS (in shares) 21 18 15
Asset Management and administration fees [Member]      
Net Revenues      
Asset management and administration fees and Trading revenue $ 3,211 $ 3,229 $ 3,392
Trading revenue [Member]      
Net Revenues      
Asset management and administration fees and Trading revenue $ 617 $ 763 $ 654
[1] Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units.
[2] Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS totaled 21 million, 18 million, and 15 million shares in 2019, 2018, and 2017, respectively.