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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Fee revenue:        
Servicing fees $ 1,239 $ 1,319 $ 2,481 $ 2,587
Management fees 293 304 563 605
Trading services 267 281 539 605
Securities finance 156 155 290 256
Processing fees and other 98 17 150 78
Total fee revenue 2,053 2,076 4,023 4,131
Net interest revenue:        
Interest revenue 620 629 1,249 1,271
Interest expense 99 94 216 190
Net interest revenue 521 535 1,033 1,081
Gains (losses) related to investment securities, net:        
Net gains (losses) from sales of available-for-sale securities (1) (3) 1 (3)
Losses from other-than-temporary impairment 0 0 0 (1)
Gains (losses) related to investment securities, net (1) (3) 1 (4)
Total revenue 2,573 2,608 5,057 5,208
Provision for loan losses 4 2 8 6
Expenses:        
Compensation and employee benefits 989 984 2,096 2,071
Information systems and communications 270 249 542 496
Transaction processing services 201 201 401 398
Occupancy 111 109 224 222
Acquisition and restructuring costs 20 3 124 9
Professional services 82 136 175 232
Amortization of other intangible assets 49 49 98 99
Other 138 403 250 704
Total expenses 1,860 2,134 3,910 4,231
Income before income tax expense 709 472 1,139 971
Income tax expense 92 54 154 148
Net income from non-controlling interest 2 0 2 0
Net income 619 418 987 823
Net income available to common shareholders $ 585 $ 389 $ 904 $ 762
Earnings per common share:        
Basic (in USD per share) $ 1.48 $ 0.95 $ 2.28 $ 1.85
Diluted (in USD per share) $ 1.47 $ 0.93 $ 2.25 $ 1.83
Average common shares outstanding (in thousands):        
Basic (in shares) 394,160 410,674 396,790 411,445
Diluted (in shares) 398,847 416,712 401,113 417,643
Cash dividends declared (in USD per share) $ 0.34 $ 0.34 $ 0.68 $ 0.64