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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Noninterest Income    
Trust, Investment and Other Servicing Fees $ 1,003.6 $ 928.9
Foreign Exchange Trading Income 88.9 66.2
Treasury Management Fees 11.0 11.7
Security Commissions and Trading Income 41.7 23.3
Other Operating Income 34.4 29.0
Investment Security Gains (Losses), net (Note) 0.0 (0.2)
Total Noninterest Income 1,179.6 1,058.9
Net Interest Income    
Interest Income 529.2 662.8
Interest Expense 121.1 240.8
Net Interest Income 408.1 422.0
Provision for Credit Losses 61.0 0.0
Net Interest Income after Provision for Credit Losses 347.1 422.0
Noninterest Expense    
Compensation 499.8 482.0
Employee Benefits 97.9 85.7
Outside Services 192.8 188.4
Equipment and Software 162.2 148.3
Occupancy 51.1 51.6
Other Operating Expense 61.8 72.7
Total Noninterest Expense 1,065.6 1,028.7
Income before Income Taxes 461.1 452.2
Provision for Income Taxes 100.5 105.1
Net Income 360.6 347.1
Preferred Stock Dividends 30.5 17.3
Net Income Applicable to Common Stock $ 330.1 $ 329.8
Per Common Share    
Net Income — Basic (in dollars per share) $ 1.56 $ 1.49
Net Income — Diluted (in dollars per share) $ 1.55 $ 1.48
Average Number of Common Shares Outstanding    
Average Number of Common Shares Outstanding — Basic (in shares) 208,881,131 218,236,802
Average Number of Common Shares Outstanding — Diluted (in shares) 209,816,822 219,270,215
Changes in other-than-temporary-impairment (OTTI) losses prior to the adoption of ASU 2016-13 $ 0.0 $ 0.0
Other Security Gains (Losses), net 0.0 (0.2)
Investment Security Gains (Losses), net (Note) $ 0.0 $ (0.2)