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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Loans $ 2,672 $ 2,345 $ 5,274 $ 4,573
Investment securities 629 557 1,249 1,069
Other 196 180 402 358
Total interest income 3,497 3,082 6,925 6,000
Interest Expense        
Deposits 515 261 987 474
Borrowed funds 484 408 965 752
Total interest expense 999 669 1,952 1,226
Net interest income 2,498 2,413 4,973 4,774
Noninterest Income        
Total noninterest income 1,941 1,911 3,752 3,661
Other 367 334 675 579
Total revenue 4,439 4,324 8,725 8,435
Provision for credit losses 180 80 369 172
Noninterest Expense        
Personnel 1,365 1,356 2,779 2,710
Occupancy 212 203 427 421
Equipment 298 281 571 554
Marketing 83 75 148 130
Other 653 669 1,264 1,296
Total noninterest expense 2,611 2,584 5,189 5,111
Income before income taxes and noncontrolling interests 1,648 1,660 3,167 3,152
Income taxes 274 304 522 557
Net income 1,374 1,356 2,645 2,595
Less: Net income attributable to noncontrolling interests 12 10 22 20
Preferred stock dividends 55 55 118 118
Preferred stock discount accretion and redemptions 1 1 2 2
Net income attributable to common shareholders $ 1,306 $ 1,290 $ 2,503 $ 2,455
Earnings Per Common Share        
Basic (in dollars per share) $ 2.89 $ 2.74 $ 5.51 $ 5.19
Diluted (in dollars per share) $ 2.88 $ 2.72 $ 5.49 $ 5.15
Average Common Shares Outstanding        
Basic (in shares) 451 469 453 471
Diluted (in shares) 452 472 454 474
Asset management [Member]        
Noninterest Income        
Total noninterest income $ 445 $ 456 $ 882 $ 911
Consumer services [Member]        
Noninterest Income        
Total noninterest income 392 381 763 738
Corporate services [Member]        
Noninterest Income        
Total noninterest income 484 487 946 916
Residential mortgage [Member]        
Noninterest Income        
Total noninterest income 82 84 147 181
Service charges on deposits [Member]        
Noninterest Income        
Total noninterest income $ 171 $ 169 $ 339 $ 336