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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 955.5 $ 942.9 $ 1,884.4 $ 1,880.6
Foreign Exchange Trading Income 60.5 78.9 126.7 157.4
Treasury Management Fees 11.2 13.5 22.9 27.5
Security Commissions and Trading Income 23.4 26.1 46.7 53.3
Other Operating Income 38.9 31.4 67.9 66.2
Investment Security Gains (Losses), net (Note) (0.3) 0.0 (0.5) (0.2)
Total Noninterest Income 1,089.2 1,092.8 2,148.1 2,184.8
Net Interest Income        
Interest Income 640.2 567.7 1,303.0 1,073.6
Interest Expense 222.8 154.4 463.6 276.3
Net Interest Income 417.4 413.3 839.4 797.3
Provision for Credit Losses (6.5) 1.5 (6.5) (1.5)
Net Interest Income after Provision for Credit Losses 423.9 411.8 845.9 798.8
Noninterest Expense        
Compensation 455.5 454.7 937.5 926.4
Employee Benefits 89.3 88.8 175.0 180.5
Outside Services 186.4 185.6 374.8 357.0
Equipment and Software 147.2 144.2 295.5 284.2
Occupancy 50.9 48.8 102.5 100.3
Other Operating Expense 76.9 75.3 149.6 144.3
Total Noninterest Expense 1,006.2 997.4 2,034.9 1,992.7
Income before Income Taxes 506.9 507.2 959.1 990.9
Provision for Income Taxes 117.5 116.8 222.6 218.9
Net Income 389.4 390.4 736.5 772.0
Preferred Stock Dividends 5.9 5.9 23.2 23.2
Net Income Applicable to Common Stock $ 383.5 $ 384.5 $ 713.3 $ 748.8
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.76 $ 1.69 $ 3.25 $ 3.28
Net Income - Diluted (in dollars per share) $ 1.75 $ 1.68 $ 3.23 $ 3.26
Average number of common shares outstanding        
Average Number of Common Shares Outstanding - Basic (in shares) 216,139,033 224,207,590 217,182,123 224,940,308
Average Number of Common Shares Outstanding - Diluted (in shares) 217,169,539 225,611,397 218,214,075 226,325,492
Changes in other-than-temporary-impairment (OTTI) losses $ (0.2) $ 0.0 $ (0.2) $ (0.2)
Other Security Gains (Losses), net (0.1) 0.0 (0.3) 0.0
Investment Security Gains (Losses), net (Note) $ (0.3) $ 0.0 $ (0.5) $ (0.2)