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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest Income        
Loans $ 2,257 $ 2,672 $ 4,737 $ 5,274
Investment securities 527 629 1,109 1,249
Other 71 196 209 402
Total interest income 2,855 3,497 6,055 6,925
Interest Expense        
Deposits 141 515 516 987
Borrowed funds 187 484 501 965
Total interest expense 328 999 1,017 1,952
Net interest income 2,527 2,498 5,038 4,973
Noninterest Income        
Total noninterest income 1,549 1,717 3,374 3,303
Other 271 367 614 675
Total revenue 4,076 4,215 8,412 8,276
Provision for credit losses 2,463 180 3,377 369
Noninterest Expense        
Personnel 1,373 1,365 2,742 2,779
Occupancy 199 212 406 427
Equipment 301 298 588 571
Marketing 47 83 105 148
Other 595 653 1,217 1,264
Total noninterest expense 2,515 2,611 5,058 5,189
Income (loss) from continuing operations before income taxes and noncontrolling interests (902) 1,424 (23) 2,718
Income taxes (benefit) from continuing operations (158) 239 (38) 451
Net income (loss) from continuing operations (744) 1,185 15 2,267
Income from discontinued operations before taxes 5,596 224 5,777 449
Income taxes from discontinued operations 1,197 35 1,222 71
Net income from discontinued operations 4,399 189 4,555 378
Net income 3,655 1,374 4,570 2,645
Less: Comprehensive income attributable to noncontrolling interests 7 12 14 22
Preferred stock dividends 55 55 118 118
Preferred stock discount accretion and redemptions 1 1 2 2
Net income attributable to common shareholders $ 3,592 $ 1,306 $ 4,436 $ 2,503
Earnings Per Share, Basic [Abstract]        
Basic earnings from continuing operations (in dollars per share) $ (1.90) $ 2.47 $ (0.29) $ 4.68
Basic earnings per common share from discontinued operations (in dollars per share) 10.28 0.42 10.60 0.83
Basic earnings per common share (in dollars per share) 8.40 2.89 10.33 5.51
Earnings Per Share, Diluted [Abstract]        
Diluted earnings from continuing operations (in dollars per share) (1.90) 2.47 (0.29) 4.67
Diluted earnings per common share from discontinued operations (in dollars per share) 10.28 0.41 10.59 0.82
Diluted earnings per common share (in dollars per share) $ 8.40 $ 2.88 $ 10.32 $ 5.49
Average Common Shares Outstanding        
Basic (in shares) 426 451 428 453
Diluted (in shares) 426 452 428 454
Asset management [Member]        
Noninterest Income        
Total noninterest income $ 199 $ 221 $ 400 $ 433
Consumer services [Member]        
Noninterest Income        
Total noninterest income 330 392 707 763
Corporate services [Member]        
Noninterest Income        
Total noninterest income 512 484 1,038 946
Residential mortgage [Member]        
Noninterest Income        
Total noninterest income 158 82 368 147
Service charges on deposits [Member]        
Noninterest Income        
Total noninterest income $ 79 $ 171 $ 247 $ 339