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CONSOLIDATED STATEMENTS OF INCOME(UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Loans, including loans held for sale $ 4,753 $ 4,463 $ 13,824 $ 13,049
Investment securities 386 398 1,174 1,223
Other 25 26 77 80
Total interest income 5,164 4,887 15,075 14,352
Interest expense:        
Deposits 271 271 814 819
Securitized debt obligations 39 32 108 109
Senior and subordinated notes 82 71 241 226
Other borrowings 12 16 39 36
Total interest expense 404 390 1,202 1,190
Net interest income 4,760 4,497 13,873 13,162
Provision for Loan, lease and Other losses 1,092 993 3,156 2,432
Net interest income after provision for credit losses 3,668 3,504 10,717 10,730
Non-interest income:        
Service charges and other customer-related fees 423 471 1,289 1,405
Interchange fees, net 555 523 1,618 1,498
Total other-than-temporary impairment (11) (10) (32) (16)
Less: Portion of other-than-temporary impairment recorded in AOCI 6 1 5 1
Net other-than-temporary impairment recognized in earnings (5) (9) (27) (15)
Other 167 157 466 427
Total non-interest income 1,140 1,142 3,346 3,315
Non-interest expense:        
Salaries and associate benefits 1,189 1,128 3,760 3,414
Occupancy and equipment 444 419 1,318 1,271
Marketing 418 392 1,180 1,052
Professional services 313 304 943 887
Communications and data processing 226 196 636 595
Amortization of intangibles 106 130 327 409
Other 464 416 1,352 1,268
Total non-interest expense 3,160 2,985 9,516 8,896
Income from continuing operations before income taxes 1,648 1,661 4,547 5,149
Income tax provision 530 536 1,443 1,696
Income from continuing operations, net of tax 1,118 1,125 3,104 3,453
Income (loss) from discontinued operations, net of tax (4) (44) 26 (24)
Net income 1,114 1,081 3,130 3,429
Dividends and undistributed earnings allocated to participating securities (6) (5) (16) (14)
Preferred stock dividends (29) (20) (90) (46)
Net income available to common stockholders $ 1,079 $ 1,056 $ 3,024 $ 3,369
Basic earnings per common share:        
Net income from continuing operations (in dollars per share) $ 2.01 $ 1.97 $ 5.49 $ 5.99
Income (loss) from discontinued operations (in dollars per share) (0.01) (0.08) 0.05 (0.04)
Net income per basic common share (in dollars per share) 2.00 1.89 5.54 5.95
Diluted earnings per common share:        
Net income from continuing operations (in dollars per share) 1.99 1.94 5.43 5.90
Income (loss) from discontinued operations (in dollars per share) (0.01) (0.08) 0.05 (0.04)
Net income per diluted common share (in dollars per share) 1.98 1.86 5.48 5.86
Dividends paid per common share (in dollars per share) $ 0.40 $ 0.30 $ 1.10 $ 0.90