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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest Income      
Loans $ 9,007 $ 8,927 $ 10,525
Investment securities 1,834 2,041 2,426
Other 293 339 811
Total interest income 11,134 11,307 13,762
Interest Expense      
Deposits 126 643 1,986
Borrowed funds 361 718 1,811
Total interest expense 487 1,361 3,797
Net interest income 10,647 9,946 9,965
Noninterest Income      
Total noninterest income 8,564 6,955 6,874
Total revenue 19,211 16,901 16,839
Provision For (Recapture of) Credit Losses (779) 3,175 773
Noninterest Expense      
Personnel 7,141 5,673 5,647
Occupancy 940 826 834
Equipment 1,411 1,176 1,210
Marketing 319 236 301
Other 3,191 2,386 2,582
Total noninterest expense 13,002 10,297 10,574
Income from continuing operations before income taxes and noncontrolling interests 6,988 3,429 5,492
Income taxes from continuing operations 1,263 426 901
Net income from continuing operations 5,725 3,003 4,591
Income from discontinued operations before taxes 5,777 988
Income taxes from discontinued operations 1,222 161
Net income from discontinued operations 4,555 827
Net income 5,725 7,558 5,418
Less: Net income attributable to noncontrolling interests 51 41 49
Preferred stock dividends 233 229 236
Preferred stock discount accretion and redemptions 5 4 4
Net income attributable to common shareholders $ 5,436 $ 7,284 $ 5,129
Total basic earnings      
Basic earnings from continuing operations (dollars per share) $ 12.71 $ 6.37 $ 9.59
Basic earnings from discontinued operations (dollars per share) 10.62 1.84
Basic earnings per common share (dollars per share) 12.71 16.99 11.43
Total diluted earnings      
Diluted earnings from continuing operations (dollars per share) 12.70 6.36 9.57
Diluted earnings from discontinued operations (dollars per share) 10.60 1.82
Diluted earnings per common share (dollars per share) $ 12.70 $ 16.96 $ 11.39
Average Common Shares Outstanding      
Basic (shares) 426 427 447
Diluted (shares) 426 427 448
Asset management      
Noninterest Income      
Total noninterest income $ 964 $ 836 $ 862
Consumer services      
Noninterest Income      
Total noninterest income 1,845 1,484 1,555
Corporate services      
Noninterest Income      
Total noninterest income 2,924 2,167 1,914
Residential mortgage      
Noninterest Income      
Total noninterest income 456 604 368
Service charges on deposits      
Noninterest Income      
Total noninterest income 535 500 702
Other      
Noninterest Income      
Total noninterest income $ 1,840 $ 1,364 $ 1,473