XML 84 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue        
Investment banking fees $ 1,538 $ 1,507 $ 4,709 $ 4,669
Principal transactions 2,966 2,662 9,196 10,183
Lending- and deposit-related fees 1,479 1,519 4,347 4,476
Asset management, administration and commissions 3,978 3,667 11,821 11,131
Securities gains 6 [1] 26 [1] 48 [1] 659 [1]
Mortgage fees and related income 903 841 2,708 4,116
Credit card income 1,537 1,518 4,494 4,440
Other income 732 602 1,798 1,364
Noninterest revenue 13,139 12,342 39,121 41,038
Interest income 12,926 13,066 38,580 39,503
Interest expense 1,819 2,291 6,008 7,091
Net interest income 11,107 10,775 32,572 32,412
Total net revenue 24,246 23,117 71,693 73,450
Provision for credit losses 757 (543) 2,299 121
Noninterest expense        
Compensation expense 7,831 7,325 23,300 23,758
Occupancy expense 978 947 2,903 2,752
Technology, communications and equipment expense 1,465 1,356 4,309 4,049
Professional and outside services 1,907 1,897 5,625 5,532
Marketing 610 588 1,824 1,755
Other expense 2,956 11,373 7,590 16,625
Amortization of intangibles 51 140 314 444
Total noninterest expense 15,798 23,626 45,865 54,915
Income before income tax expense 7,691 34 23,529 18,414
Income tax expense 2,119 414 6,698 5,769
Net income/(loss) 5,572 (380) 16,831 12,645
Net income/(loss) applicable to common stockholders 5,135 (650) 15,605 11,656
Net income/(loss) per common share data        
Basic earnings per share (in dollars per share) $ 1.37 $ (0.17) $ 4.13 $ 3.08
Diluted earnings per share (in dollars per share) $ 1.36 $ (0.17) $ 4.10 $ 3.05
Weighted-average basic shares (in shares) 3,755.4 3,767.0 3,774.4 3,789.2
Weighted-average diluted shares (in shares) 3,788.7 3,767.0 3,808.3 3,820.9
Cash dividends declared per common share (in dollars per share) $ 0.4 $ 0.38 $ 1.18 $ 1.06
Intent to sell
       
Other-than-temporary impairment losses included in securities gains        
OTTI losses recognized in income $ (2) $ (19) $ (2) $ (19)
[1] The Firm recognized other-than-temporary impairment (“OTTI”) losses related to securities the Firm intends to sell of $2 million for the three and nine months ended September 30, 2014, respectively. The Firm recognized OTTI losses of $19 million for the three and nine months ended September 30, 2013.