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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Fee revenue:        
Servicing fees $ 1,303 $ 1,289 $ 3,784 $ 3,876
Management fees 368 287 931 892
Trading services 267 294 806 899
Securities finance 136 113 426 369
Processing fees and other 5 120 155 198
Total fee revenue 2,079 2,103 6,102 6,234
Net interest revenue:        
Interest revenue 647 614 1,896 1,885
Interest expense 110 101 326 291
Net interest revenue 537 513 1,570 1,594
Gains (losses) related to investment securities, net:        
Net gains (losses) from sales of available-for-sale securities 6 (2) 7 (5)
Losses from other-than-temporary impairment (2) 0 (2) (1)
Gains (losses) related to investment securities, net 4 (2) 5 (6)
Total revenue 2,620 2,614 7,677 7,822
Provision for loan losses 0 5 8 11
Expenses:        
Compensation and employee benefits 1,013 1,051 3,109 3,122
Information systems and communications 285 265 827 761
Transaction processing services 200 201 601 599
Occupancy 107 110 331 332
Acquisition and restructuring costs 42 10 166 19
Professional services 95 136 270 368
Amortization of other intangible assets 55 48 153 147
Other 187 141 437 845
Total expenses 1,984 1,962 5,894 6,193
Income before income tax expense 636 647 1,775 1,618
Income tax expense 72 67 226 215
Net income (loss) from non-controlling interest (1) 1 1 1
Net income 563 581 1,550 1,404
Net income available to common shareholders $ 507 $ 539 $ 1,411 $ 1,301
Earnings per common share:        
Basic (in USD per share) $ 1.31 $ 1.33 $ 3.58 $ 3.18
Diluted (in USD per share) $ 1.29 $ 1.31 $ 3.54 $ 3.13
Average common shares outstanding (in thousands):        
Basic (in shares) 388,358 406,612 393,959 409,816
Diluted (in shares) 393,212 412,167 398,413 415,772
Cash dividends declared (in USD per share) $ 0.38 $ 0.34 $ 1.06 $ 0.98