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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Fee revenue:      
Servicing fees $ 5,074 $ 5,421 $ 5,365
Management fees 1,771 1,851 1,616
Foreign exchange trading services 1,111 1,201 1,071
Securities finance 471 543 606
Software and processing fees 720 438 343
Total fee revenue 9,147 9,454 9,001
Net interest income:      
Interest income 3,941 3,662 2,908
Interest expense 1,375 991 604
Net interest income 2,566 2,671 2,304
Other income:      
Gains (losses) from sales of available-for-sale securities, net (1) 9 (39)
Other income 44 (3) 0
Total other income 43 6 (39)
Total revenue 11,756 12,131 11,266
Provision for loan losses 10 15 2
Expenses:      
Compensation and employee benefits 4,541 4,780 4,394
Information systems and communications 1,465 1,324 1,167
Transaction processing services 983 985 838
Occupancy 470 500 461
Acquisition and restructuring costs 77 24 266
Amortization of other intangible assets 236 226 214
Other 1,262 1,176 929
Total expenses 9,034 9,015 8,269
Income before income tax expense 2,712 3,101 2,995
Income tax expense 470 508 839
Net income 2,242 2,593 2,156
Net income available to common shareholders $ 2,009 $ 2,404 $ 1,972
Earnings per common share:      
Basic (in USD per share) $ 5.43 $ 6.46 $ 5.26
Diluted (in USD per share) $ 5.38 $ 6.39 $ 5.19
Average common shares outstanding (in thousands):      
Basic (in shares) 369,911 371,983 374,793
Diluted (in shares) 373,666 376,476 380,213
Cash dividends declared (in USD per share) $ 1.98 $ 1.78 $ 1.60