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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net Revenues:    
Asset management and administration fees $ 823 $ 699
Interest revenue 1,055 810
Interest expense (55) (38)
Net interest revenue 1,000 772
Trading revenue 192 232
Other 66 63
Provision for loan losses 0 (2)
Total net revenues 2,081 1,764
Expenses Excluding Interest    
Compensation and benefits 701 626
Professional services 133 116
Occupancy and equipment 105 98
Advertising and market development 71 70
Communications 57 60
Depreciation and amortization 65 56
Other 106 83
Total expenses excluding interest 1,238 1,109
Income before taxes on income 843 655
Taxes on income 279 243
Net Income 564 412
Preferred stock dividends and other 39 20
Net Income Available to Common Stockholders $ 525 $ 392
Weighted-Average Common Shares Outstanding:    
Basic (shares) 1,336 1,321
Diluted (shares) 1,351 1,330
Earnings Per Common Share:    
Basic (USD per share) $ 0.39 $ 0.30
Diluted (USD per share) 0.39 0.29
Dividends Declared Per Common Share (USD per share) $ 0.08 $ 0.06
Fee waivers $ 8 $ 97