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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest Income        
Loans $ 2,678 $ 2,452 $ 7,952 $ 7,025
Investment securities 617 584 1,866 1,653
Other 208 187 610 545
Total interest income 3,503 3,223 10,428 9,223
Interest Expense        
Deposits 531 336 1,518 810
Borrowed funds 468 421 1,433 1,173
Total interest expense 999 757 2,951 1,983
Net interest income 2,504 2,466 7,477 7,240
Noninterest Income        
Total noninterest income 1,989 1,891 5,741 5,552
Other 342 301 1,017 880
Total revenue 4,493 4,357 13,218 12,792
Provision for credit losses 183 88 552 260
Noninterest Expense        
Personnel 1,400 1,413 4,179 4,123
Occupancy 206 195 633 616
Equipment 291 264 862 818
Marketing 76 71 224 201
Other 650 665 1,914 1,961
Total noninterest expense 2,623 2,608 7,812 7,719
Income before income taxes and noncontrolling interests 1,687 1,661 4,854 4,813
Income taxes 295 261 817 818
Net income 1,392 1,400 4,037 3,995
Less: Net income attributable to noncontrolling interests 13 11 35 31
Preferred stock dividends 63 63 181 181
Preferred stock discount accretion and redemptions 1 1 3 3
Net income attributable to common shareholders $ 1,315 $ 1,325 $ 3,818 $ 3,780
Earnings Per Common Share        
Basic (in dollars per share) $ 2.95 $ 2.84 $ 8.45 $ 8.03
Diluted (in dollars per share) $ 2.94 $ 2.82 $ 8.42 $ 7.96
Average Common Shares Outstanding        
Basic (in shares) 444 465 450 469
Diluted (in shares) 445 467 451 472
Asset management [Member]        
Noninterest Income        
Total noninterest income $ 464 $ 486 $ 1,346 $ 1,397
Consumer services [Member]        
Noninterest Income        
Total noninterest income 402 377 1,165 1,115
Corporate services [Member]        
Noninterest Income        
Total noninterest income 469 465 1,415 1,381
Residential mortgage [Member]        
Noninterest Income        
Total noninterest income 134 76 281 257
Service charges on deposits [Member]        
Noninterest Income        
Total noninterest income $ 178 $ 186 $ 517 $ 522