XML 16 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Loans, including loans held for sale $ 5,669 $ 5,148 $ 11,295 $ 10,233
Investment securities 433 405 849 820
Other 26 18 54 35
Total interest income 6,128 5,571 12,198 11,088
Interest expense:        
Deposits 382 292 735 575
Securitized debt obligations 82 47 151 95
Senior and subordinated notes 179 111 328 217
Other borrowings 12 28 37 52
Total interest expense 655 478 1,251 939
Net interest income 5,473 5,093 10,947 10,149
Provision for loan, lease and other losses 1,800 1,592 3,792 3,119
Net interest income after provision for credit losses 3,673 3,501 7,155 7,030
Non-interest income:        
Service charges and other customer-related fees 418 393 789 816
Interchange fees, net 676 621 1,246 1,225
Gain (Loss) on Sale of Securities, Net (4) 0 (4) (8)
Other 141 147 261 292
Total non-interest income 1,231 1,161 2,292 2,325
Non-interest expense:        
Salaries and associate benefits 1,383 1,279 2,854 2,549
Occupancy and equipment 474 465 945 923
Marketing 435 415 831 843
Professional services 279 264 526 505
Communications and data processing 289 302 577 582
Amortization of intangibles 61 95 123 196
Other 493 475 992 920
Total non-interest expense 3,414 3,295 6,848 6,518
Income from continuing operations before income taxes 1,490 1,367 2,599 2,837
Income tax provision 443 424 757 876
Income from continuing operations, net of tax 1,047 943 1,842 1,961
Income (loss) from discontinued operations, net of tax (11) (1) 4 (6)
Net income 1,036 942 1,846 1,955
Dividends and undistributed earnings allocated to participating securities (8) (6) (13) (12)
Preferred stock dividends (80) (65) (133) (102)
Net income available to common stockholders $ 948 $ 871 $ 1,700 $ 1,841
Basic earnings per common share:        
Net income from continuing operations (in dollars per share) $ 1.98 $ 1.70 $ 3.51 $ 3.57
Income (loss) from discontinued operations (in dollars per share) (0.02) 0.00 0.01 (0.01)
Net income per basic common share (in dollars per share) 1.96 1.70 3.52 3.56
Diluted earnings per common share:        
Net income from continuing operations (in dollars per share) 1.96 1.69 3.48 3.53
Income (loss) from discontinued operations (in dollars per share) (0.02) 0.00 0.01 (0.01)
Net income per diluted common share (in dollars per share) 1.94 1.69 3.49 3.52
Dividends paid per common share (in dollars per share) $ 0.40 $ 0.40 $ 0.80 $ 0.80