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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Fee revenue:        
Servicing fees $ 1,325 $ 1,288 $ 2,598 $ 2,526
Management fees 304 300 605 592
Trading services 281 260 605 513
Securities finance 155 147 256 232
Processing fees and other 17 44 78 100
Total fee revenue 2,082 2,039 4,142 3,963
Net interest revenue:        
Interest revenue 629 650 1,271 1,305
Interest expense 94 89 190 189
Net interest revenue 535 561 1,081 1,116
Gains (losses) related to investment securities, net:        
Net gains (losses) from sales of available-for-sale securities (3) 0 (3) 15
Losses from other-than-temporary impairment 0 0 (1) (1)
Losses reclassified (from) to other comprehensive income 0 (2) 0 (10)
Gains (losses) related to investment securities, net (3) (2) (4) 4
Total revenue 2,614 2,598 5,219 5,083
Provision for loan losses 2 2 6 4
Expenses:        
Compensation and employee benefits 984 978 2,071 2,135
Information systems and communications 249 244 496 488
Transaction processing services 201 193 398 384
Occupancy 109 115 222 229
Acquisition and restructuring costs 3 28 9 61
Professional services 136 116 232 221
Amortization of other intangible assets 49 54 99 108
Other 403 122 704 252
Total expenses 2,134 1,850 4,231 3,878
Income before income tax expense 478 746 982 1,201
Income tax expense 56 124 151 216
Net income 422 622 831 985
Net income available to common shareholders $ 393 $ 602 $ 770 $ 958
Earnings per common share:        
Basic (in dollars per share) $ 0.96 $ 1.41 $ 1.87 $ 2.23
Diluted (in dollars per share) $ 0.94 $ 1.38 $ 1.84 $ 2.19
Average common shares outstanding (in thousands):        
Basic (in shares) 410,674 427,824 411,445 429,215
Diluted (in shares) 416,712 435,320 417,643 436,958
Cash dividends declared (in dollars per share) $ 0.34 $ 0.3 $ 0.64 $ 0.56