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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Non-interest revenues    
Non-interest revenues $ 7,234 $ 7,980
Interest income    
Interest on loans 2,144 2,909
Interest and dividends on investment securities 24 38
Deposits with banks and other 24 99
Total interest income 2,192 3,046
Interest expense    
Deposits 134 326
Long-term debt and other 228 390
Total interest expense 362 716
Net interest income 1,830 2,330
Total revenues net of interest expense 9,064 10,310
Provisions for credit losses    
Provisions (675) 2,621
Total revenues net of interest expense after provisions for credit losses 9,739 7,689
Expenses    
Marketing and business development 1,766 1,705
Card Member rewards 2,243 2,392
Card Member services 317 456
Salaries and employee benefits 1,550 1,395
Other, net 870 1,289
Total expenses 6,746 7,237
Pretax income 2,993 452
Income tax provision 758 85
Net income $ 2,235 $ 367
Earnings per Common Share    
Basic (in dollars per share) [1] $ 2.74 $ 0.41
Diluted (in dollars per share) [1] $ 2.74 $ 0.41
Average common shares outstanding for earnings per common share:    
Basic (in shares) 804 807
Diluted (in shares) 805 808
Card Member Receivables    
Provisions for credit losses    
Provisions $ (10) $ 597
Card Member Loans    
Provisions for credit losses    
Provisions (573) 1,876
Other Loans    
Provisions for credit losses    
Provisions (92) 148
Discount revenue    
Non-interest revenues    
Non-interest revenues 5,242 5,838
Net card fees    
Non-interest revenues    
Non-interest revenues 1,253 1,110
Other fees and commissions    
Non-interest revenues    
Non-interest revenues 520 720
Other    
Non-interest revenues    
Non-interest revenues $ 219 $ 312
[1] Represents net income less (i) earnings allocated to participating share awards of $15 million and $2 million for the three months ended March 31, 2021 and 2020, respectively, and (ii) dividends on preferred shares of $14 million and $32 million for the three months ended March 31, 2021 and 2020, respectively.