XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Fee revenue:        
Servicing fees $ 1,351 $ 1,303 $ 3,986 $ 3,784
Management fees 419 368 1,198 931
Trading services 259 267 823 806
Securities finance 147 136 459 426
Processing fees and other 66 5 209 155
Total fee revenue 2,242 2,079 6,675 6,102
Net interest income:        
Interest income 761 647 2,111 1,896
Interest expense 158 110 423 326
Net interest income 603 537 1,688 1,570
Gains (losses) related to investment securities, net:        
Gains (losses) from sales of available-for-sale securities, net 1 6 (39) 7
Losses from other-than-temporary impairment 0 (2) 0 (2)
Gains (losses) related to investment securities, net 1 4 (39) 5
Total revenue 2,846 2,620 8,324 7,677
Provision for loan losses 3 0 4 8
Expenses:        
Compensation and employee benefits 1,090 1,013 3,327 3,109
Information systems and communications 296 285 866 827
Transaction processing services 215 200 619 601
Occupancy 118 107 344 331
Acquisition and restructuring costs 33 42 133 166
Professional services 71 95 262 270
Amortization of other intangible assets 54 55 160 153
Other 144 187 427 437
Total expenses 2,021 1,984 6,138 5,894
Income before income tax expense 822 636 2,182 1,775
Income tax expense (benefit) 137 72 375 226
Net income from non-controlling interest 0 (1) 0 1
Net income 685 563 1,807 1,550
Net income available to common shareholders $ 629 $ 507 $ 1,659 $ 1,411
Earnings per common share:        
Basic (in USD per share) $ 1.69 $ 1.31 $ 4.41 $ 3.58
Diluted (in USD per share) $ 1.66 $ 1.29 $ 4.35 $ 3.54
Average common shares outstanding (in thousands):        
Basic (in shares) 372,765 388,358 376,430 393,959
Diluted (in shares) 378,518 393,212 381,779 398,413
Cash dividends declared (in USD per share) $ 0.42 $ 0.38 $ 1.18 $ 1.06