XML 21 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Loans, including loans held for sale $ 18,785 $ 17,662 $ 18,222
Investment securities 1,575 1,628 1,575
Other 99 107 101
Total interest income 20,459 19,397 19,898
Interest expense:      
Deposits 1,091 1,088 1,241
Securitized debt obligations 151 145 183
Senior and subordinated notes 330 299 315
Other borrowings 53 47 53
Total interest expense 1,625 1,579 1,792
Net interest income 18,834 17,818 18,106
Provision for Loan, lease and Other losses 4,536 3,541 3,453
Net interest income after provision for credit losses 14,298 14,277 14,653
Non-interest income:      
Service charges and other customer-related fees 1,715 1,867 2,118
Interchange fees, net 2,235 2,021 1,896
Total other-than-temporary impairment (39) (23) (37)
Less: Portion of other-than-temporary impairment recorded in AOCI 9 (1) (4)
Net other-than-temporary impairment recognized in earnings (30) (24) (41)
Other 659 608 305
Total non-interest income 4,579 4,472 4,278
Non-interest expense:      
Salaries and associate benefits 4,975 4,593 4,480
Occupancy and equipment 1,829 1,745 1,541
Marketing 1,744 1,561 1,373
Professional services 1,292 1,216 1,347
Communications and data processing 883 798 897
Amortization of intangibles 430 532 671
Other 1,843 1,735 2,044
Total non-interest expense 12,996 12,180 12,353
Income from continuing operations before income taxes 5,881 6,569 6,578
Income tax provision 1,869 2,146 2,224
Income from continuing operations, net of tax 4,012 4,423 4,354
Income (loss) from discontinued operations, net of tax 38 5 (233)
Net income 4,050 4,428 4,121
Dividends and undistributed earnings allocated to participating securities (20) (18) (17)
Preferred stock dividends (158) (67) (53)
Net income available to common stockholders $ 3,872 $ 4,343 $ 4,051
Basic earnings per common share:      
Net income from continuing operations (in dollars per share) $ 7.08 $ 7.70 $ 7.39
Income (loss) from discontinued operations (in dollars per share) 0.07 0.01 (0.40)
Net income per basic common share (in dollars per share) 7.15 7.71 6.99
Diluted earnings per common share:      
Net income from continuing operations (in dollars per share) 7.00 7.58 7.28
Income (loss) from discontinued operations (in dollars per share) 0.07 0.01 (0.39)
Net income per diluted common share (in dollars per share) 7.07 7.59 6.89
Dividends paid per common share (in dollars per share) $ 1.50 $ 1.20 $ 0.95