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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Loans $ 2,293 $ 1,996
Investment securities 544 421
Other 77 66
Total interest income 2,914 2,483
Interest Expense    
Deposits 27 40
Borrowed funds 83 95
Total interest expense 110 135
Net interest income 2,804 2,348
Noninterest Income    
Total noninterest income 1,888 1,872
Total revenue 4,692 4,220
Provision For (Recapture of) Credit Losses (208) (551)
Noninterest Expense    
Personnel 1,717 1,477
Occupancy 258 215
Equipment 331 293
Marketing 61 45
Other 805 544
Total noninterest expense 3,172 2,574
Income (loss) before income taxes (benefit) and noncontrolling interests 1,728 2,197
Income taxes 299 371
Net income 1,429 1,826
Less: Net income attributable to noncontrolling interests 21 10
Preferred stock dividends 45 57
Preferred stock discount accretion and redemptions 2 1
Net income attributable to common shareholders $ 1,361 $ 1,758
Earnings Per Common Share    
Basic earnings per common share (in dollars per share) $ 3.23 $ 4.11
Diluted earnings per common share (in dollars per share) $ 3.23 $ 4.10
Average Common Shares Outstanding    
Basic (in shares) 420 426
Diluted (in shares) 420 426
Asset management and brokerage    
Noninterest Income    
Total noninterest income $ 377 $ 328
Capital markets related    
Noninterest Income    
Total noninterest income 252 311
Card and cash management    
Noninterest Income    
Total noninterest income 620 492
Lending and deposit services    
Noninterest Income    
Total noninterest income 269 254
Residential and commercial mortgage    
Noninterest Income    
Total noninterest income 159 187
Other    
Noninterest Income    
Total noninterest income $ 211 $ 300