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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income        
Interest and fees on loans and leases $ 4,657 $ 4,879 $ 9,150 $ 9,744
Interest on securities 961 838 1,936 1,643
Interest on other earning assets 536 634 1,056 1,148
Total interest income 6,154 6,351 12,142 12,535
Interest Expense        
Interest on deposits 1,844 2,016 3,580 3,980
Interest on long-term debt 431 446 840 928
Interest on other borrowings 292 362 628 728
Total interest expense 2,567 2,824 5,048 5,636
Net Interest Income 3,587 3,527 7,094 6,899
Provision for credit losses 488 451 946 951
Net Interest Income After Provision for Credit Losses 3,099 3,076 6,148 5,948
Noninterest Income        
Noninterest Income 1,400 (5,212) 2,792 (3,766)
Noninterest Expense        
Personnel expense 1,653 1,661 3,240 3,291
Professional fees and outside processing 373 308 737 586
Software expense 231 218 461 442
Net occupancy expense 179 160 342 320
Equipment expense 89 89 171 177
Amortization of intangibles 73 89 148 177
Marketing and customer development 82 63 157 119
Operating lease depreciation 33 34 68 74
Regulatory costs 55 85 124 237
Restructuring charges 28 33 66 84
Other expense 190 354 378 540
Total noninterest expense 2,986 3,094 5,892 6,047
Earnings        
Income (loss) before income taxes 1,513 (5,230) 3,048 (3,865)
Provision (benefit) for income taxes 273 (1,324) 547 (1,092)
Segment net income (loss) from continuing operations 1,240 (3,906) 2,501 (2,773)
Net income from discontinued operations 0 4,828 0 4,895
Net income 1,240 922 2,501 2,122
Noncontrolling interests from discontinued operations 0 19 0 22
Preferred stock dividends and other 60 77 164 183
Net income available to common shareholders $ 1,180 $ 826 $ 2,337 $ 1,917
Basic EPS from continuing operations $ 0.91 $ (2.98) $ 1.80 $ (2.21)
Basic EPS 0.91 0.62 1.80 1.43
Diluted EPS from continuing operations 0.90 (2.98) 1.78 (2.21)
Diluted EPS $ 0.90 $ 0.62 $ 1.78 $ 1.43
Basic weighted average shares outstanding 1,292,292 1,338,149 1,299,833 1,336,620
Diluted weighted average shares outstanding 1,305,005 1,338,149 1,314,779 1,336,620
Wealth management income        
Noninterest Income        
Noninterest Income $ 348 $ 361 $ 692 $ 717
Investment banking and trading income        
Noninterest Income        
Noninterest Income 205 286 478 609
Card and payment related fees        
Noninterest Income        
Noninterest Income 232 230 452 454
Service charges on deposits        
Noninterest Income        
Noninterest Income 227 232 457 457
Mortgage banking income        
Noninterest Income        
Noninterest Income 107 112 215 209
Lending related fees        
Noninterest Income        
Noninterest Income 99 89 194 185
Operating lease income        
Noninterest Income        
Noninterest Income 47 50 100 109
Securities gains (losses)        
Noninterest Income        
Noninterest Income (18) (6,650) (19) (6,650)
Other income        
Noninterest Income        
Noninterest Income $ 153 $ 78 $ 223 $ 144