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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Fee revenue:    
Servicing fees $ 1,251 $ 1,421
Management fees 420 472
Foreign exchange trading services 280 304
Securities finance 118 141
Processing fees and other 191 77
Total fee revenue 2,260 2,415
Net interest income:    
Interest income 1,027 857
Interest expense 354 214
Net interest income 673 643
Gains (losses) related to investment securities, net:    
Gains (losses) from sales of available-for-sale securities, net 0 (1)
Losses from other-than-temporary impairment (1) (1)
Gains (losses) related to investment securities, net (1) (2)
Total revenue 2,932 3,056
Provision for loan losses 4 0
Expenses:    
Compensation and employee benefits 1,229 1,249
Information systems and communications 362 315
Transaction processing services 242 254
Occupancy 116 120
Acquisition and restructuring costs 9 0
Amortization of other intangible assets 60 50
Other 275 280
Total expenses 2,293 2,268
Income before income tax expense 635 788
Income tax expense 127 129
Net income 508 659
Net income available to common shareholders $ 452 $ 603
Earnings per common share:    
Basic (in USD per share) $ 1.20 $ 1.64
Diluted (in USD per share) $ 1.18 $ 1.62
Average common shares outstanding (in thousands):    
Basic (in shares) 377,915 367,439
Diluted (in shares) 381,703 372,619
Cash dividends declared (in USD per share) $ 0.47 $ 0.42