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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income        
Loans $ 2,140 $ 1,856 $ 6,084 $ 5,528
Investment securities 501 451 1,489 1,369
Other 154 101 416 302
Total interest income 2,795 2,408 7,989 7,199
Interest Expense        
Deposits 170 107 433 316
Borrowed funds 280 206 793 622
Total interest expense 450 313 1,226 938
Net interest income 2,345 2,095 6,763 6,261
Noninterest Income        
Asset management 421 404 1,222 1,122
Consumer services 357 348 1,049 1,039
Corporate services 371 389 1,198 1,117
Residential mortgage 104 160 321 425
Service charges on deposits 181 174 512 495
Other 346 259 1,004 829
Total noninterest income 1,780 1,734 5,306 5,027
Total revenue 4,125 3,829 12,069 11,288
Provision for credit losses 130 87 316 366
Noninterest Expense        
Personnel 1,274 1,239 3,786 3,610
Occupancy 204 215 628 651
Equipment 259 246 791 720
Marketing 62 72 184 187
Other 657 622 1,948 1,867
Total noninterest expense 2,456 2,394 7,337 7,035
Income before income taxes and noncontrolling interests 1,539 1,348 4,416 3,887
Income taxes 413 342 1,119 949
Net income 1,126 1,006 3,297 2,938
Less: Net income attributable to noncontrolling interests 12 18 39 60
Preferred stock dividends 63 63 181 168
Preferred stock discount accretion and redemptions 1 1 24 4
Net income attributable to common shareholders $ 1,050 $ 924 $ 3,053 $ 2,706
Earnings Per Common Share        
Basic (in dollars per share) $ 2.18 $ 1.87 $ 6.29 $ 5.41
Diluted (in dollars per share) $ 2.16 $ 1.84 $ 6.21 $ 5.33
Average Common Shares Outstanding        
Basic (in shares) 479 490 483 496
Diluted (in shares) 483 496 488 502