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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Fee revenue:      
Servicing fees $ 5,087 $ 5,531 $ 5,157
Management fees 1,939 2,053 1,880
Foreign exchange trading services 1,376 1,211 1,363
Securities finance 416 416 356
Software and processing fees 789 738 685
Other fee revenue (1) 63 58
Total fee revenue 9,606 10,012 9,499
Net interest income:      
Interest income 4,088 1,908 2,575
Interest expense 1,544 3 375
Net interest income 2,544 1,905 2,200
Other income:      
Gains (losses) from sales of available-for-sale securities, net (2) 57 4
Other income 0 53 0
Total other income (2) 110 4
Total revenue 12,148 12,027 11,703
Provision for credit losses 20 (33) 88
Expenses:      
Compensation and employee benefits 4,428 4,554 4,450
Information systems and communications 1,630 1,661 1,550
Transaction processing services 971 1,024 978
Occupancy 394 444 489
Acquisition and restructuring costs 65 65 50
Amortization of other intangible assets 238 245 234
Other 1,075 896 965
Total expenses 8,801 8,889 8,716
Income before income tax expense 3,327 3,171 2,899
Income tax expense 553 478 479
Net income 2,774 2,693 2,420
Net Income (Loss) Available to Common Stockholders, Diluted 2,660 2,572 2,257
Net Income (Loss) Available to Common Stockholders, Basic $ 2,660 $ 2,572 $ 2,257
Earnings per common share:      
Basic (in USD per share) $ 7.28 $ 7.30 $ 6.40
Diluted (in USD per share) $ 7.19 $ 7.19 $ 6.32
Average common shares outstanding (in thousands):      
Basic (in shares) 365,214 352,565 352,865
Diluted (in shares) 370,109 357,962 357,106
Cash dividends declared (in USD per share) $ 2.40 $ 2.18 $ 2.08