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Consolidated Statement of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income    
Loans and leases$ 11,205$ 12,485$ 34,454$ 38,847
Debt securities1,7292,6057,2868,638
Federal funds sold and securities borrowed or purchased under agreements to resell5844411,6981,346
Trading account assets1,5001,6414,6645,180
Other interest income8351,0372,7213,196
Total interest income15,85318,20950,82357,207
Interest expense    
Deposits7049502,3863,103
Short-term borrowings1,1538483,6782,557
Trading account liabilities5476351,8012,010
Long-term debt2,9593,3419,04310,453
Total interest expense5,3635,77416,90818,123
Net interest income10,49012,43533,91539,084
Noninterest income    
Card income1,9111,9825,7065,981
Service charges2,0682,2126,1127,354
Investment and brokerage services3,0222,7249,1328,743
Investment banking income9421,3714,2043,930
Equity investment income1,4463574,1333,748
Trading account profits1,6042,5966,4179,059
Mortgage banking income (loss)1,6171,755(10,949)4,153
Insurance income190751,2031,468
Gains on sales of debt securities7378832,1821,654
Other income4,5114336,7293,498
Other-than-temporary impairment losses on available-for-sale debt securities:    
Total other-than-temporary impairment losses(114)(156)(271)(1,616)
Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income293353766
Net impairment losses recognized in earnings on available-for-sale debt securities(85)(123)(218)(850)
Total noninterest income17,963[1]14,265[1]34,651[1]48,738[1]
Total revenue, net of interest expense28,45326,70068,56687,822
Provision for credit losses3,407[1]5,396[1]10,476[1]23,306[1]
Noninterest expense    
Personnel8,8658,40228,20426,349
Occupancy1,1831,1503,6173,504
Equipment6166191,8151,845
Marketing5564971,6801,479
Professional fees9376512,3491,812
Amortization of intangibles377[1]426[1]1,144[1]1,311[1]
Data processing6266021,9641,882
Telecommunications4053611,1671,050
Other general operating3,8723,68715,67211,162
Goodwill impairment0[1]10,400[1]2,603[1]10,400[1]
Merger and restructuring charges1764215371,450
Total noninterest expense17,61327,21660,75262,244
Income (loss) before income taxes7,433(5,912)(2,662)2,272
Income tax expense (benefit)1,2011,387(2,117)3,266
Net income (loss)6,232[1](7,299)[1](545)[1](994)[1]
Preferred stock dividends3433489541,036
Net income (loss) applicable to common shareholders$ 5,889$ (7,647)$ (1,499)$ (2,030)
Per common share information    
Earnings (loss)$ 0.58$ (0.77)$ (0.15)$ (0.21)
Diluted earnings (loss)$ 0.56$ (0.77)$ (0.15)$ (0.21)
Dividends paid$ 0.01$ 0.01$ 0.03$ 0.03
Average common shares issued and outstanding (in thousands)10,116,2849,976,35110,095,8599,706,951
Average diluted common shares issued and outstanding (in thousands)10,464,3959,976,35110,095,8599,706,951
[1]There were no material intersegment revenues.