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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Loans, including loans held for sale $ 4,596 $ 4,257 $ 9,245 $ 7,914
Investment securities 391 335 765 633
Other 23 24 51 48
Total interest income 5,010 4,616 10,061 8,595
Interest expense:        
Deposits 318 373 644 684
Securitized debt obligations 45 69 101 149
Senior and subordinated notes 82 87 164 175
Other borrowings 12 86 29 172
Total interest expense 457 615 938 1,180
Net interest income 4,553 4,001 9,123 7,415
Provision for credit losses 762 1,677 1,647 2,250
Net interest income after provision for credit losses 3,791 2,324 7,476 5,165
Non-interest income:        
Service charges and other customer-related fees 534 539 1,084 954
Interchange fees, net 486 408 931 736
Total other-than-temporary impairment (12) (21) (18) (25)
Less: Portion of other-than-temporary impairment recorded in AOCI 8 8 (11) (2)
Net other-than-temporary impairment recognized in earnings (4) (13) (29) (27)
Bargain purchase gain 0 0 0 594
Other 69 120 80 318
Total non-interest income 1,085 1,054 2,066 2,575
Non-interest expense:        
Salaries and associate benefits 1,104 971 2,184 1,835
Occupancy and equipment 356 323 706 593
Marketing 330 334 647 655
Professional services 329 313 636 606
Communications and data processing 233 203 443 375
Amortization of intangibles 167 157 344 219
Acquisition-related 50 133 96 219
Other 490 708 1,031 1,144
Total non-interest expense 3,059 3,142 6,087 5,646
Income from continuing operations before income taxes 1,817 236 3,455 2,094
Income tax provision 581 43 1,075 396
Income from continuing operations, net of tax 1,236 193 2,380 1,698
Loss from discontinued operations, net of tax (119) (100) (197) (202)
Net income 1,117 93 2,183 1,496
Dividends and undistributed earnings allocated to participating securities (4) (1) (9) (8)
Preferred stock dividends (13) 0 (26) 0
Net income available to common stockholders $ 1,100 $ 92 $ 2,148 $ 1,488
Basic earnings per common share:        
Income from continuing operations $ 2.09 $ 0.33 $ 4.04 $ 3.11
Loss from discontinued operations $ (0.20) $ (0.17) $ (0.34) $ (0.37)
Net income per basic common share $ 1.89 $ 0.16 $ 3.70 $ 2.74
Diluted earnings per common share:        
Income from continuing operations $ 2.07 $ 0.33 $ 3.99 $ 3.09
Loss from discontinued operations $ (0.20) $ (0.17) $ (0.34) $ (0.37)
Net income per diluted common share $ 1.87 $ 0.16 $ 3.65 $ 2.72
Dividends paid per common share $ 0.30 $ 0.05 $ 0.35 $ 0.10