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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net Revenues    
Interest revenue $ 1,998 $ 1,421
Interest expense (317) (158)
Net interest revenue 1,681 1,263
Other 102 83
Total net revenues 2,723 2,398
Expenses Excluding Interest    
Compensation and benefits 850 770
Professional services 170 156
Occupancy and equipment 131 122
Advertising and market development 69 73
Communications 62 62
Depreciation and amortization 83 73
Regulatory fees and assessments 32 51
Other 62 89
Total expenses excluding interest 1,459 1,396
Income before taxes on income 1,264 1,002
Taxes on income 300 219
Net Income 964 783
Preferred stock dividends and other [1] 39 37
Net Income Available to Common Stockholders $ 925 $ 746
Weighted-Average Common Shares Outstanding:    
Basic (shares) 1,333 1,347
Diluted (shares) [2] 1,344 1,362
Earnings Per Common Shares Outstanding:    
Basic (USD per share) $ 0.69 $ 0.55
Diluted (USD per share) [2] $ 0.69 $ 0.55
Antidilutive stock options and restricted stock awards excluded from the calculation of diluted EPS (in shares) 16 11
Asset management and administration fees [Member]    
Net Revenues    
Asset management and administration fees and Trading revenue $ 755 $ 851
Trading revenue [Member]    
Net Revenues    
Asset management and administration fees and Trading revenue $ 185 $ 201
[1] Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units.
[2] Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS totaled 16 million and 11 million shares for the first quarters of 2019 and 2018, respectively.