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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Noninterest Income        
Foreign Exchange Trading Income $ 71.7 $ 49.1 $ 229.1 $ 147.1
Treasury Management Fees 12.5 13.2 40.0 42.8
Security Commissions and Trading Income 21.9 21.2 75.2 65.8
Other Operating Income 20.9 40.0 87.1 122.7
Investment Security Gains (Losses), net (Note) (0.1) (0.4) (0.3) (1.1)
Total Noninterest Income 1,066.1 991.0 3,250.9 2,901.6
Net Interest Income        
Interest Income 599.2 453.8 1,672.8 1,281.3
Interest Expense 191.0 99.6 467.3 232.1
Net Interest Income 408.2 354.2 1,205.5 1,049.2
Provision for Credit Losses (9.0) (7.0) (10.5) (15.0)
Net Interest Income after Provision for Credit Losses 417.2 361.2 1,216.0 1,064.2
Noninterest Expense        
Compensation 436.1 418.3 1,362.5 1,276.6
Employee Benefits 85.5 74.8 266.0 228.2
Outside Services 186.9 172.7 543.9 492.8
Equipment and Software 145.7 130.5 429.9 391.5
Occupancy 51.0 47.3 151.3 139.0
Other Operating Expense 97.1 92.0 241.4 239.4
Total Noninterest Expense 1,002.3 935.6 2,995.0 2,767.5
Income before Income Taxes 481.0 416.6 1,471.9 1,198.3
Provision for Income Taxes 106.5 118.2 325.4 355.9
Net Income 374.5 298.4 1,146.5 842.4
Preferred Stock Dividends 17.3 17.3 40.5 43.9
Net Income Applicable to Common Stock $ 357.2 $ 281.1 $ 1,106.0 $ 798.5
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.59 $ 1.21 $ 4.87 $ 3.43
Net Income - Diluted (in dollars per share) $ 1.58 $ 1.20 $ 4.84 $ 3.41
Average number of common shares outstanding        
Basic (in shares) 222,442,797 228,010,866 224,098,656 228,751,804
Diluted (in shares) 223,860,014 229,313,645 225,494,635 230,189,289
Changes in other-than-temporary-impairment (OTTI) losses $ (0.1) $ 0.0 $ (0.3) $ (0.1)
Other Security Gains (Losses), net 0.0 (0.4) 0.0 (1.0)
Investment Security Gains (Losses), net (0.1) (0.4) (0.3) (1.1)
Total Trust, Investment and Other Servicing Fees        
Noninterest Income        
Revenue from contract with client $ 939.2 $ 867.9 $ 2,819.8 $ 2,524.3