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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 961.5 $ 955.5 $ 1,965.1 $ 1,884.4
Foreign Exchange Trading Income 71.3 60.5 160.2 126.7
Treasury Management Fees 11.4 11.2 22.4 22.9
Security Commissions and Trading Income 33.2 23.4 74.9 46.7
Other Operating Income 56.5 38.9 90.9 67.9
Investment Security Gains (Losses), net (Note) 0.1 (0.3) 0.1 (0.5)
Total Noninterest Income 1,134.0 1,089.2 2,313.6 2,148.1
Net Interest Income        
Interest Income 406.3 640.2 935.5 1,303.0
Interest Expense 34.2 222.8 155.3 463.6
Net Interest Income 372.1 417.4 780.2 839.4
Provision for Credit Losses 66.0 (6.5) 127.0 (6.5)
Net Interest Income after Provision for Credit Losses 306.1 423.9 653.2 845.9
Noninterest Expense        
Compensation 460.3 455.5 960.1 937.5
Employee Benefits 90.4 89.3 188.3 175.0
Outside Services 176.2 186.4 369.0 374.8
Equipment and Software 164.2 147.2 326.4 295.5
Occupancy 60.0 50.9 111.1 102.5
Other Operating Expense 85.8 76.9 147.6 149.6
Total Noninterest Expense 1,036.9 1,006.2 2,102.5 2,034.9
Income before Income Taxes 403.2 506.9 864.3 959.1
Provision for Income Taxes 89.9 117.5 190.4 222.6
Net Income 313.3 389.4 673.9 736.5
Preferred Stock Dividends 4.8 5.9 35.3 23.2
Net Income Applicable to Common Stock $ 308.5 $ 383.5 $ 638.6 $ 713.3
Per Common Share        
Net Income — Basic (in dollars per share) $ 1.47 $ 1.76 $ 3.03 $ 3.25
Net Income - Diluted (in dollars per share) $ 1.46 $ 1.75 $ 3.02 $ 3.23
Average number of common shares outstanding        
Average Number of Common Shares Outstanding - Basic (in shares) 208,068,635 216,139,033 208,474,883 217,182,123
Average Number of Common Shares Outstanding - Diluted (in shares) 208,568,357 217,169,539 209,192,590 218,214,075
Changes in other-than-temporary-impairment (OTTI) losses $ 0.0 $ (0.2) $ 0.0 $ (0.2)
Other Security Gains (Losses), net 0.1 (0.1) 0.1 (0.3)
Investment Security Gains (Losses), net $ 0.1 $ (0.3) $ 0.1 $ (0.5)