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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Fee revenue:      
Servicing fees $ 5,421 $ 5,365 $ 5,073
Management fees 1,851 1,616 1,292
Foreign exchange trading services 1,201 1,071 1,099
Securities finance 543 606 562
Processing fees and other 289 247 90
Total fee revenue 9,305 8,905 8,116
Net interest income:      
Interest income 3,662 2,908 2,512
Interest expense 991 604 428
Net interest income 2,671 2,304 2,084
Gains (losses) related to investment securities, net:      
Gains (losses) from sales of available-for-sale securities, net 9 (39) 10
Losses from other-than-temporary impairment (3) 0 (2)
Losses reclassified (from) to other comprehensive income 0 0 (1)
Gains (losses) related to investment securities, net 6 (39) 7
Total revenue 11,982 11,170 10,207
Provision for loan losses 15 2 10
Expenses:      
Compensation and employee benefits 4,780 4,394 4,353
Information systems and communications 1,324 1,167 1,105
Transaction processing services 938 838 800
Occupancy 500 461 440
Acquisition and restructuring costs 24 266 209
Amortization of other intangible assets 226 214 207
Other 1,176 929 963
Total expenses 8,968 8,269 8,077
Income before income tax expense (benefit) 2,999 2,899 2,120
Income tax expense (benefit) 400 722 (22)
Net income from non-controlling interest 0 0 1
Net income 2,599 2,177 2,143
Net income available to common shareholders $ 2,410 $ 1,993 $ 1,968
Earnings per common share:      
Basic (in USD per share) $ 6.48 $ 5.32 $ 5.03
Diluted (in USD per share) $ 6.40 $ 5.24 $ 4.97
Average common shares outstanding (in thousands):      
Basic (in shares) 371,983 374,793 391,485
Diluted (in shares) 376,476 380,213 396,090
Cash dividends declared (in USD per share) $ 1.78 $ 1.6 $ 1.44