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Consolidated Statement of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Fee revenue:        
Servicing fees $ 1,124 $ 973 $ 2,219 $ 1,868
Management fees 250 201 486 412
Trading services 311 326 613 568
Securities finance 137 109 203 181
Processing fees and other 70 87 162 207
Total fee revenue 1,892 1,696 3,683 3,236
Net interest revenue:        
Interest revenue 719 846 1,453 1,724
Interest expense 147 188 304 405
Net interest revenue 572 658 1,149 1,319
Gains (Losses) related to investment securities, net:        
Net gains from sales of available-for-sale securities 62 3 66 195
Losses from other-than-temporary impairment (44) (240) (79) (480)
Losses not related to credit 9 187 33 330
Gains (Losses) related to investment securities, net 27 (50) 20 45
Total revenue 2,491 2,304 4,852 4,600
Provision for loan losses 2 10 1 25
Expenses:        
Salaries and employee benefits 1,009 849 1,983 1,732
Information systems and communications 199 174 390 341
Transaction processing services 193 164 373 317
Occupancy 113 116 220 234
Securities lending charge   414   414
Acquisition and restructuring costs 17 41 36 54
Professional services 84 85 166 166
Amortization of other intangible assets 50 46 99 80
Other 109 55 209 185
Total expenses 1,774 1,944 3,476 3,523
Income before income tax expense 715 350 1,375 1,052
Income tax expense (benefit) 202 (82) 391 125
Net income 513 432 984 927
Net income available to common shareholders $ 502 $ 427 $ 968 $ 919
Earnings per common share:        
Basic $ 1.01 $ 0.87 $ 1.95 $ 1.86
Diluted $ 1.00 $ 0.87 $ 1.93 $ 1.86
Average common shares outstanding (in thousands):        
Basic 496,806 495,606 497,137 495,099
Diluted 501,044 498,886 500,753 498,295
Cash dividends declared per common share $ 0.18 $ 0.01 $ 0.36 $ 0.02