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Consolidated Income Statement (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Income        
Loans $ 1,905 $ 2,158 $ 3,789 $ 4,318
Investment securities 549 572 1,127 1,195
Other 93 143 214 265
Total interest income 2,547 2,873 5,130 5,778
Interest Expense        
Deposits 180 244 362 525
Borrowed funds 217 194 442 439
Total interest expense 397 438 804 964
Net interest income 2,150 2,435 4,326 4,814
Noninterest Income        
Asset management 288 243 551 502
Consumer services 333 315 644 611
Corporate services 228 261 445 529
Residential mortgage 163 179 358 326
Service charges on deposits 131 209 254 409
Net gains on sales of securities 82 147 119 237
Other-than-temporary impairments (73) (118) (103) (358)
Less: Noncredit portion of other-than-temporary impairments (a) (34) [1] (24) [1] (30) [1] (148) [1]
Net other-than-temporary impairments (39) (94) (73) (210)
Other 266 217 609 457
Total noninterest income 1,452 1,477 2,907 2,861
Total revenue 3,602 3,912 7,233 7,675
Provision for credit losses 280 823 701 1,574
Noninterest Expense        
Personnel 976 959 1,965 1,915
Occupancy 176 172 369 359
Equipment 158 168 325 340
Marketing 63 65 103 115
Other 803 638 1,484 1,386
Total noninterest expense 2,176 2,002 4,246 4,115
Income from continuing operations before income taxes and noncontrolling interests 1,146 1,087 2,286 1,986
Income taxes 234 306 542 557
Income from continuing operations before noncontrolling interests 912 781 1,744 1,429
Income from discontinued operations (net of income taxes of zero, $13, zero, and $27)   22   45
Net income 912 803 1,744 1,474
Less: Net income (loss) attributable to noncontrolling interests (1) (9) (6) (14)
Preferred stock dividends 24 25 28 118
Preferred stock discount accretion 1 1 1 251
Net income attributable to common shareholders $ 888 $ 786 $ 1,721 $ 1,119
Basic Earnings Per Common Share        
Continuing operations $ 1.69 $ 1.45 $ 3.27 $ 2.09
Discontinued operations   $ 0.04   $ 0.09
Net income $ 1.69 $ 1.49 $ 3.27 $ 2.18
Diluted Earnings Per Common Share        
Continuing operations $ 1.67 $ 1.43 $ 3.24 $ 2.06
Discontinued operations   $ 0.04   $ 0.09
Net income $ 1.67 $ 1.47 $ 3.24 $ 2.15
Average Common Shares Outstanding        
Basic 524 524 524 511
Diluted 527 527 527 514
[1] Included in accumulated other comprehensive income (loss).