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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Noninterest Income        
Trust, Investment and Other Servicing Fees $ 1,166.1 $ 1,096.3 $ 2,309.0 $ 2,159.9
Foreign Exchange Trading Income 58.4 50.1 115.4 103.1
Treasury Management Fees 9.0 7.9 18.3 16.3
Security Commissions and Trading Income 34.3 36.1 72.2 70.8
Other Operating Income 924.7 55.2 985.7 102.0
Investment Security Gains (Losses), net 0.1 0.0 (189.3) 6.9
Total Noninterest Income 2,192.6 1,245.6 3,311.3 2,459.0
Net Interest Income        
Interest Income 2,506.5 1,735.0 4,952.1 3,190.4
Interest Expense 1,983.6 1,223.5 3,901.1 2,147.7
Net Interest Income 522.9 511.5 1,051.0 1,042.7
Provision for Credit Losses 8.0 (15.5) (0.5) (0.5)
Net Interest Income after Provision for Credit Losses 514.9 527.0 1,051.5 1,043.2
Noninterest Expense        
Compensation 665.2 604.5 1,292.3 1,199.7
Employee Benefits 100.2 101.4 201.3 202.4
Outside Services 260.9 230.9 490.2 441.7
Equipment and Software 277.5 229.3 530.2 461.0
Occupancy 54.8 53.8 108.9 115.1
Other Operating Expense 175.3 112.0 275.7 197.6
Total Noninterest Expense 1,533.9 1,331.9 2,898.6 2,617.5
Income before Income Taxes 1,173.6 440.7 1,464.2 884.7
Provision for Income Taxes 277.5 108.9 353.4 218.3
Net Income 896.1 331.8 1,110.8 666.4
Preferred Stock Dividends 4.7 4.7 20.9 20.9
Net Income Applicable to Common Stock $ 891.4 $ 327.1 $ 1,089.9 $ 645.5
Per Common Share        
Net Income — Basic (in dollars per share) $ 4.35 $ 1.56 $ 5.30 $ 3.07
Net Income - Diluted (in dollars per share) $ 4.34 $ 1.56 $ 5.28 $ 3.07
Average Number of Common Shares Outstanding        
Basic (in shares) 203,306,236 207,638,671 203,967,516 207,911,242
Diluted (in shares) 203,738,670 207,816,015 204,436,757 208,270,677