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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Loans $ 2,345 $ 2,040 $ 4,573 $ 3,944
Investment securities 557 495 1,069 988
Other 180 139 358 262
Total interest income 3,082 2,674 6,000 5,194
Interest Expense        
Deposits 261 143 474 263
Borrowed funds 408 273 752 513
Total interest expense 669 416 1,226 776
Net interest income 2,413 2,258 4,774 4,418
Noninterest Income        
Asset management 456 398 911 801
Consumer services 381 360 738 692
Corporate services 487 466 916 880
Residential mortgage 84 104 181 217
Service charges on deposits 169 170 336 331
Other 334 304 579 605
Total noninterest income 1,911 1,802 3,661 3,526
Total revenue 4,324 4,060 8,435 7,944
Provision for credit losses 80 98 172 186
Noninterest Expense        
Personnel 1,356 1,276 2,710 2,533
Occupancy 203 202 421 424
Equipment 281 281 554 532
Marketing 75 67 130 122
Other 669 653 1,296 1,270
Total noninterest expense 2,584 2,479 5,111 4,881
Income before income taxes and noncontrolling interests 1,660 1,483 3,152 2,877
Income taxes 304 386 557 706
Net income 1,356 1,097 2,595 2,171
Less: Net income attributable to noncontrolling interests 10 10 20 27
Preferred stock dividends 55 55 118 118
Preferred stock discount accretion and redemptions 1 2 2 23
Net income attributable to common shareholders $ 1,290 $ 1,030 $ 2,455 $ 2,003
Earnings Per Common Share        
Basic (in dollars per share) $ 2.74 $ 2.12 $ 5.19 $ 4.10
Diluted (in dollars per share) $ 2.72 $ 2.10 $ 5.15 $ 4.05
Average Common Shares Outstanding        
Basic (in shares) 469 484 471 486
Diluted (in shares) 472 488 474 491