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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 848.2 $ 777.2 $ 1,656.4 $ 1,525.4
Foreign Exchange Trading Income 49.9 64.4 98.0 124.9
Treasury Management Fees 14.9 16.0 29.6 32.2
Security Commissions and Trading Income 24.1 20.6 44.6 39.5
Other Operating Income 43.0 141.2 82.7 179.3
Investment Security Gains (Losses), net (0.4) (2.4) (0.7) (2.1)
Total Noninterest Income 979.7 1,017.0 1,910.6 1,899.2
Net Interest Income        
Interest Income 417.2 344.7 827.5 696.7
Interest Expense 75.7 45.0 132.5 89.2
Net Interest Income 341.5 299.7 695.0 607.5
Provision for Credit Losses (7.0) (3.0) (8.0) (1.0)
Net Interest Income after Provision for Credit Losses 348.5 302.7 703.0 608.5
Noninterest Expense        
Compensation 432.5 389.5 858.3 768.3
Employee Benefits 75.6 72.2 153.4 142.8
Outside Services 167.0 159.0 320.1 308.9
Equipment and Software 133.7 118.0 261.0 232.2
Occupancy 46.3 45.3 91.7 86.2
Other Operating Expense 82.3 141.0 147.4 215.4
Total Noninterest Expense 937.4 925.0 1,831.9 1,753.8
Income before Income Taxes 390.8 394.7 781.7 753.9
Provision for Income Taxes 122.9 131.7 237.7 245.5
Net Income 267.9 263.0 544.0 508.4
Preferred Stock Dividends 5.9 5.8 26.6 11.7
Net Income Applicable to Common Stock $ 262.0 $ 257.2 $ 517.4 $ 496.7
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.12 $ 1.11 $ 2.22 $ 2.14
Net Income - Diluted (in dollars per share) $ 1.12 $ 1.10 $ 2.21 $ 2.13
Average number of common shares outstanding        
Basic (in shares) 229,196,531 227,535,701 229,128,414 228,077,395
Diluted (in shares) 230,637,823 229,279,540 230,634,368 229,538,743
Changes in other-than-temporary-impairment (OTTI) losses $ 0.0 $ (2.4) $ (0.1) $ (2.4)
Other Security Gains (Losses), net (0.4) 0.0 (0.6) 0.3
Investment Security Gains (Losses), net $ (0.4) $ (2.4) $ (0.7) $ (2.1)