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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Noninterest Income      
Trust, Investment and Other Servicing Fees $ 4,361.8 $ 4,432.6 $ 4,361.1
Foreign Exchange Trading Income 203.9 288.6 292.6
Treasury Management Fees 31.6 39.3 44.3
Security Commissions and Trading Income 135.0 136.2 140.2
Other Operating Income 228.7 191.3 243.9
Investment Security Gains (Losses), net (169.5) (214.0) (0.3)
Total Noninterest Income 4,791.5 4,874.0 5,081.8
Net Interest Income      
Interest Income 7,325.0 2,877.7 1,406.5
Interest Expense 5,343.0 990.5 23.8
Net Interest Income 1,982.0 1,887.2 1,382.7
Provision for Credit Losses 24.5 12.0 (81.5)
Net Interest Income after Provision for Credit Losses 1,957.5 1,875.2 1,464.2
Noninterest Expense      
Compensation 2,321.8 2,248.0 2,011.0
Employee Benefits 405.2 437.4 431.4
Outside Services 906.5 880.3 849.4
Equipment and Software 945.5 838.8 736.3
Occupancy 232.3 219.1 208.7
Other Operating Expense 472.9 359.3 299.1
Total Noninterest Expense 5,284.2 4,982.9 4,535.9
Income before Income Taxes 1,464.8 1,766.3 2,010.1
Provision for Income Taxes 357.5 430.3 464.8
NET INCOME 1,107.3 1,336.0 1,545.3
Preferred Stock Dividends 41.8 41.8 41.8
Net Income Applicable to Common Stock $ 1,065.5 $ 1,294.2 $ 1,503.5
PER COMMON SHARE      
Net Income - Basic (in dollars per share) $ 5.09 $ 6.16 $ 7.16
Net Income - Diluted (in dollars per share) $ 5.08 $ 6.14 $ 7.14
Average Number of Common Shares Outstanding - Basic (in shares) 207,248,094 208,309,331 208,075,522
Average Number of Common Shares Outstanding - Diluted (in shares) 207,563,746 208,867,264 208,899,230