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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST INCOME:        
Interest and fees on loans and leases (related party balances of $17, $18, $35 and $36, respectively) $ 790 $ 751 $ 1,569 $ 1,481
Interest and fees on loans held for sale, at fair value 2 1 3 2
Interest and fees on other loans held for sale 4 10 6 22
Investment securities 155 154 314 303
Interest-bearing deposits in banks 1 1 2 2
Total interest income 952 917 1,894 1,810
INTEREST EXPENSE:        
Deposits 60 34 112 67
Deposits held for sale 0 2 0 4
Federal funds purchased and securities sold under agreements to repurchase (related party balances of ($1), $0, $4 and $13, respectively) 2 1 9 16
Other short-term borrowed funds (related party balances of $15, $28, $25 and $44, respectively) 19 30 34 49
Long-term borrowed funds (related party balances of $20, $13, $40 and $25, respectively) 31 17 63 33
Total interest expense 112 84 218 169
Net interest income 840 833 1,676 1,641
Provision for credit losses 77 49 135 170
Net interest income after provision for credit losses 763 784 1,541 1,471
NONINTEREST INCOME:        
Service charges and fees (related party balances of $1, $1, $2 and $3, respectively) 139 147 274 286
Card fees 60 61 112 117
Trust and investment services fees 41 42 77 81
Mortgage banking fees 30 14 63 34
Capital markets fees (related party balances of $3, $2, $6 and $5, respectively) 30 26 52 44
Foreign exchange and trade finance fees (related party balances of ($19), ($1), $16 and ($7), respectively) 22 22 45 44
Bank-owned life insurance income 14 12 26 23
Securities gains, net 9 0 17 25
Net impairment losses recognized in earnings (2) (2) (3) (6)
Other income (related party balances of $18, ($82), ($50) and ($135), respectively) 17 318 44 350
Total noninterest income 360 640 707 998
NONINTEREST EXPENSE:        
Salaries and employee benefits 411 467 830 872
Outside services (related party balances of $3, $8, $5 and $16, respectively) 99 125 178 208
Occupancy (related party balances of $1, $0, $1 and $0, respectively) 90 87 170 168
Equipment expense 65 65 128 129
Amortization of software 37 33 73 64
Other operating expense 139 171 272 317
Total noninterest expense 841 948 1,651 1,758
Income before income tax expense 282 476 597 711
Income tax expense 92 163 198 232
NET INCOME 190 313 399 479
Net income available to common stockholders $ 190 $ 313 $ 399 $ 479
Weighted-average common shares outstanding:        
Basic (in Shares) 537,729,248 559,998,324 541,986,653 559,998,324
Diluted (in Shares) 539,909,366 559,998,324 544,804,268 559,998,324
Per common share information:        
Basic earnings (in Dollars per Share) $ 0.35 $ 0.56 $ 0.74 $ 0.86
Diluted earnings (in Dollars per Share) 0.35 0.56 0.73 0.86
Dividends declared and paid (in Dollars per Share) $ 0.10 $ 0.61 $ 0.20 $ 0.66