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Consolidated Statements of Income (Unaudited) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue        
Investment banking fees $ 1,751,000,000 $ 1,717,000,000 $ 3,171,000,000 $ 3,162,000,000
Principal transactions 2,908,000,000 3,760,000,000 6,230,000,000 7,521,000,000
Lending- and deposit-related fees 1,463,000,000 1,489,000,000 2,868,000,000 2,957,000,000
Asset management, administration and commissions 4,007,000,000 3,865,000,000 7,843,000,000 7,464,000,000
Securities gains 12,000,000 [1] 124,000,000 [1] 42,000,000 [1] 633,000,000 [1]
Mortgage fees and related income 1,291,000,000 1,823,000,000 1,805,000,000 3,275,000,000
Credit card income 1,549,000,000 1,503,000,000 2,957,000,000 2,922,000,000
Other income 675,000,000 226,000,000 1,066,000,000 762,000,000
Noninterest revenue 13,656,000,000 14,507,000,000 25,982,000,000 28,696,000,000
Interest income 12,861,000,000 13,072,000,000 25,654,000,000 26,437,000,000
Interest expense 2,063,000,000 2,368,000,000 4,189,000,000 4,800,000,000
Net interest income 10,798,000,000 10,704,000,000 21,465,000,000 21,637,000,000
Total net revenue 24,454,000,000 25,211,000,000 47,447,000,000 50,333,000,000
Provision for credit losses 692,000,000 47,000,000 1,542,000,000 664,000,000
Noninterest expense        
Compensation expense 7,610,000,000 8,019,000,000 15,469,000,000 16,433,000,000
Occupancy expense 973,000,000 904,000,000 1,925,000,000 1,805,000,000
Technology, communications and equipment expense 1,433,000,000 1,361,000,000 2,844,000,000 2,693,000,000
Professional and outside services 1,932,000,000 1,901,000,000 3,718,000,000 3,635,000,000
Marketing 650,000,000 578,000,000 1,214,000,000 1,167,000,000
Other expense 2,701,000,000 2,951,000,000 4,634,000,000 5,252,000,000
Amortization of intangibles 132,000,000 152,000,000 263,000,000 304,000,000
Total noninterest expense 15,431,000,000 15,866,000,000 30,067,000,000 31,289,000,000
Income/(loss) before income tax expense/(benefit) 8,331,000,000 9,298,000,000 15,838,000,000 18,380,000,000
Income tax expense 2,346,000,000 2,802,000,000 4,579,000,000 5,355,000,000
Net income 5,985,000,000 6,496,000,000 11,259,000,000 13,025,000,000
Net income applicable to common stockholders 5,573,000,000 6,101,000,000 10,470,000,000 12,232,000,000
Net income per common share data        
Basic earnings per share (in dollars per share) $ 1.47 $ 1.61 $ 2.77 $ 3.22
Diluted earnings per share (in dollars per share) $ 1.46 $ 1.60 $ 2.74 $ 3.19
Weighted-average basic shares (in shares) 3,780.6 3,782.4 3,783.9 3,800.3
Weighted-average diluted shares (in shares) 3,812.5 3,814.3 3,818.1 3,830.6
Cash dividends declared per common share (in dollars per share) $ 0.40 $ 0.38 $ 0.78 $ 0.68
Intent to sell
       
Other-than-temporary impairment losses included in securities gains        
OTTI losses recognized in income $ 0 $ 6,000,000 $ 2,000,000 $ 6,000,000
[1] The Firm recognized other-than-temporary impairment (“OTTI”) losses related to securities the Firm intends to sell of $2 million for the six months ended June 30, 2014; the Firm did not recognize OTTI losses for the three months ended June 30, 2014. The Firm recognized OTTI losses of $6 million for the three and six months ended June 30, 2013.