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Consolidated Statement of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Fee revenue:        
Servicing fees $ 1,288 $ 1,201 $ 2,526 $ 2,376
Management fees 300 277 592 540
Trading services 260 304 513 593
Securities finance 147 131 232 209
Processing fees and other 44 58 100 110
Total fee revenue 2,039 1,971 3,963 3,828
Net interest revenue:        
Interest revenue 650 700 1,305 1,387
Interest expense 89 104 189 215
Net interest revenue 561 596 1,116 1,172
Gains (losses) related to investment securities, net:        
Net gains (losses) from sales of available-for-sale securities 0 0 15 5
Losses from other-than-temporary impairment 0 (6) (1) (6)
Losses reclassified (from) to other comprehensive income (2) (1) (10) (4)
Gains (losses) related to investment securities, net (2) (7) 4 (5)
Total revenue 2,598 2,560 5,083 4,995
Provision for loan losses 2 0 4 0
Expenses:        
Compensation and employee benefits 978 917 2,135 1,952
Information systems and communications 244 235 488 472
Transaction processing services 193 186 384 366
Occupancy 115 114 229 230
Acquisition and restructuring costs 28 30 61 44
Professional services 116 103 221 182
Amortization of other intangible assets 54 54 108 107
Other 122 159 252 271
Total expenses 1,850 1,798 3,878 3,624
Income before income tax expense 746 762 1,201 1,371
Income tax expense 124 183 216 328
Net income 622 579 985 1,043
Net income available to common shareholders $ 602 $ 571 $ 958 $ 1,026
Earnings per common share:        
Basic (in dollars per share) $ 1.41 $ 1.26 $ 2.23 $ 2.26
Diluted (in dollars per share) $ 1.38 [1] $ 1.24 [1] $ 2.19 [1] $ 2.22 [1]
Average common shares outstanding        
Basic (in shares) 427,824 452,176 429,215 453,240
Diluted (in shares) 435,320 461,040 436,958 461,630
Cash dividends declared (in dollars per share) $ 0.30 $ 0.26 $ 0.56 $ 0.52
[1] Calculations reflect allocation of earnings to participating securities using the two-class method, as this computation is more dilutive than the treasury stock method.