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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 788.3 $ 749.1 $ 2,313.7 $ 2,233.4
Foreign Exchange Trading Income 53.6 62.9 178.5 209.3
Treasury Management Fees 15.0 16.1 47.2 48.5
Security Commissions and Trading Income 20.4 20.4 59.9 60.2
Other Operating Income 33.1 38.1 212.4 214.1
Investment Security Gains (Losses), net (Note) 0.2 0.0 (1.9) (0.3)
Total Noninterest Income 910.6 886.6 2,809.8 2,765.2
Net Interest Income        
Interest Income 349.2 305.7 1,045.9 893.3
Interest Expense 46.1 36.8 135.3 112.6
Net Interest Income 303.1 268.9 910.6 780.7
Provision for Credit Losses (3.0) (10.0) (4.0) (24.5)
Net Interest Income after Provision for Credit Losses 306.1 278.9 914.6 805.2
Noninterest Expense        
Compensation 382.1 361.6 1,150.4 1,077.8
Employee Benefits 73.2 69.8 216.0 215.9
Outside Services 157.6 158.3 466.5 440.6
Equipment and Software 114.5 113.6 346.7 338.3
Occupancy 44.2 43.7 130.4 129.7
Other Operating Expense 71.4 65.3 286.8 253.5
Total Noninterest Expense 843.0 812.3 2,596.8 2,455.8
Income before Income Taxes 373.7 353.2 1,127.6 1,114.6
Provision for Income Taxes 116.1 118.6 361.6 380.1
Net Income 257.6 234.6 766.0 734.5
Preferred Stock Dividends 5.9 5.8 17.6 17.5
Net Income Applicable to Common Stock $ 251.7 $ 228.8 $ 748.4 $ 717.0
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.09 $ 0.97 $ 3.23 $ 3.03
Net Income - Diluted (in dollars per share) $ 1.08 $ 0.96 $ 3.21 $ 3.00
Average number of common shares outstanding        
Basic (in shares) 226,540,086 232,231,720 227,561,218 232,916,425
Diluted (in shares) 228,055,195 234,163,190 229,040,618 234,890,782
Changes in Other-Than-Temporary-Impairment (OTTI) Losses $ 0.0 $ 0.0 $ (2.4) $ 0.0
Noncredit-related OTTI Losses Recorded in/(Reclassified from) OCI 0.0 0.0 0.0 0.0
Other Security Gains (Losses), net 0.2 0.0 0.5 (0.3)
Investment Security Gains (Losses), net $ 0.2 $ 0.0 $ (1.9) $ (0.3)