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Consolidated Statement of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Fee revenue:        
Servicing fees $ 1,302 $ 1,211 $ 3,828 $ 3,587
Management fees 316 276 908 816
Trading services 278 265 791 858
Securities finance 99 74 331 283
Processing fees and other 17 57 117 167
Total fee revenue 2,012 1,883 5,975 5,711
Net interest revenue:        
Interest revenue 671 643 1,976 2,030
Interest expense 101 97 290 312
Net interest revenue 570 546 1,686 1,718
Gains (losses) related to investment securities, net:        
Net gains (losses) from sales of available-for-sale securities 0 6 15 11
Losses from other-than-temporary impairment 0 (13) (1) (19)
Losses reclassified (from) to other comprehensive income 0 3 (10) (1)
Gains (losses) related to investment securities, net 0 (4) 4 (9)
Total revenue 2,582 2,425 7,665 7,420
Provision for loan losses 2 0 6 0
Expenses:        
Compensation and employee benefits 953 903 3,088 2,855
Information systems and communications 242 235 730 707
Transaction processing services 199 185 583 551
Occupancy 119 113 348 343
Acquisition and restructuring costs 20 30 81 74
Professional services 97 98 318 280
Amortization of other intangible assets 54 53 162 160
Other 208 105 460 376
Total expenses 1,892 1,722 5,770 5,346
Income before income tax expense 688 703 1,889 2,074
Income tax expense 128 163 344 491
Net income 560 540 1,545 1,583
Net income available to common shareholders $ 542 $ 531 $ 1,500 $ 1,557
Earnings per common share:        
Basic (in dollars per share) $ 1.28 $ 1.20 $ 3.52 $ 3.46
Diluted (in dollars per share) $ 1.26 [1] $ 1.17 [1] $ 3.45 [1] $ 3.40 [1]
Average common shares outstanding        
Basic (in shares) 421,974 442,860 426,775 449,742
Diluted (in shares) 429,736 452,154 434,510 458,392
Cash dividends declared (in dollars per share) $ 0.3 $ 0.26 $ 0.86 $ 0.78
[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.