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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 975.5 $ 939.2 $ 2,859.9 $ 2,819.8
Foreign Exchange Trading Income 59.7 71.7 186.4 229.1
Treasury Management Fees 11.2 12.5 34.1 40.0
Security Commissions and Trading Income 29.1 21.9 75.8 75.2
Other Operating Income 45.1 20.9 113.0 87.1
Investment Security Gains (Losses), net (Note) (0.4) (0.1) (0.9) (0.3)
Total Noninterest Income 1,120.2 1,066.1 3,268.3 3,250.9
Net Interest Income        
Interest Income 620.8 599.2 1,923.8 1,672.8
Interest Expense 203.1 191.0 666.7 467.3
Net Interest Income 417.7 408.2 1,257.1 1,205.5
Provision for Credit Losses (7.0) (9.0) (13.5) (10.5)
Net Interest Income after Provision for Credit Losses 424.7 417.2 1,270.6 1,216.0
Noninterest Expense        
Compensation 458.0 436.1 1,395.5 1,362.5
Employee Benefits 87.6 85.5 262.6 266.0
Outside Services 194.0 186.9 568.8 543.9
Equipment and Software 151.7 145.7 447.2 429.9
Occupancy 53.0 51.0 155.5 151.3
Other Operating Expense 92.0 97.1 241.6 241.4
Total Noninterest Expense 1,036.3 1,002.3 3,071.2 2,995.0
Income before Income Taxes 508.6 481.0 1,467.7 1,471.9
Provision for Income Taxes 124.0 106.5 346.6 325.4
Net Income 384.6 374.5 1,121.1 1,146.5
Preferred Stock Dividends 17.4 17.3 40.6 40.5
Net Income Applicable to Common Stock $ 367.2 $ 357.2 $ 1,080.5 $ 1,106.0
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.70 $ 1.59 $ 4.95 $ 4.87
Net Income - Diluted (in dollars per share) $ 1.69 $ 1.58 $ 4.92 $ 4.84
Average number of common shares outstanding        
Average Number of Common Shares Outstanding - Basic (in shares) 213,176,809 222,442,797 215,832,347 224,098,656
Average Number of Common Shares Outstanding - Diluted (in shares) 214,206,576 223,860,014 216,863,563 225,494,635
Changes in other-than-temporary-impairment (OTTI) losses $ (0.1) $ (0.1) $ (0.3) $ (0.3)
Other Security Gains (Losses), net (0.3) 0.0 (0.6) 0.0
Investment Security Gains (Losses), net (Note) $ (0.4) $ (0.1) $ (0.9) $ (0.3)