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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Fee revenue:    
Servicing fees $ 1,421 $ 1,296
Management fees 472 382
Trading services 304 275
Securities finance 141 133
Processing fees and other 25 112
Total fee revenue 2,363 2,198
Net interest income:    
Interest income 857 650
Interest expense 199 140
Net interest income 658 510
Gains (losses) related to investment securities, net:    
Gains (losses) from sales of available-for-sale securities, net (1) (40)
Losses from other-than-temporary impairment 1 0
Gains (losses) related to investment securities, net (2) (40)
Total revenue 3,019 2,668
Provision for loan losses 0 (2)
Expenses:    
Compensation and employee benefits 1,249 1,166
Information systems and communications 315 287
Transaction processing services 242 197
Occupancy 120 110
Acquisition and restructuring costs 0 29
Professional services 79 94
Amortization of other intangible assets 50 52
Other 201 151
Total expenses 2,256 2,086
Income before income tax expense (benefit) 763 584
Income tax expense (benefit) 102 82
Net income 661 502
Net income available to common shareholders $ 605 $ 446
Earnings per common share:    
Basic (in USD per share) $ 1.65 $ 1.17
Diluted (in USD per share) $ 1.62 $ 1.15
Average common shares outstanding (in thousands):    
Basic (in shares) 367,439 381,224
Diluted (in shares) 372,619 386,417
Cash dividends declared (in USD per share) $ 0.42 $ 0.38