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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Loans $ 2,116 $ 2,678 $ 6,853 $ 7,952
Investment securities 490 617 1,599 1,866
Other 70 208 279 610
Total interest income 2,676 3,503 8,731 10,428
Interest Expense        
Deposits 74 531 590 1,518
Borrowed funds 118 468 619 1,433
Total interest expense 192 999 1,209 2,951
Net interest income 2,484 2,504 7,522 7,477
Noninterest Income        
Total noninterest income 1,797 1,738 5,171 5,041
Other 457 342 1,071 1,017
Total revenue 4,281 4,242 12,693 12,518
Provision for credit losses 52 183 3,429 552
Noninterest Expense        
Personnel 1,410 1,400 4,152 4,179
Occupancy 205 206 611 633
Equipment 292 291 880 862
Marketing 67 76 172 224
Other 557 650 1,774 1,914
Total noninterest expense 2,531 2,623 7,589 7,812
Income from continuing operations before income taxes and noncontrolling interests 1,698 1,436 1,675 4,154
Income taxes from continuing operations 166 255 128 706
Net income from continuing operations 1,532 1,181 1,547 3,448
Income from discontinued operations before taxes 251 5,777 700
Income taxes from discontinued operations 40 1,222 111
Net income from discontinued operations 211 4,555 589
Net income 1,532 1,392 6,102 4,037
Less: Comprehensive income attributable to noncontrolling interests 13 13 27 35
Preferred stock dividends 63 63 181 181
Preferred stock discount accretion and redemptions 1 1 3 3
Net income attributable to common shareholders $ 1,455 $ 1,315 $ 5,891 $ 3,818
Earnings Per Share, Basic [Abstract]        
Basic earnings from continuing operations (in dollars per share) $ 3.40 $ 2.47 $ 3.11 $ 7.15
Basic earnings per common share from discontinued operations (in dollars per share) 0.48 10.61 1.30
Basic earnings per common share (in dollars per share) 3.40 2.95 13.73 8.45
Earnings Per Share, Diluted [Abstract]        
Diluted earnings from continuing operations (in dollars per share) 3.39 2.47 3.11 7.13
Diluted earnings per common share from discontinued operations (in dollars per share) 0.47 10.59 1.29
Diluted earnings per common share (in dollars per share) $ 3.39 $ 2.94 $ 13.70 $ 8.42
Average Common Shares Outstanding        
Basic (in shares) 426 444 427 450
Diluted (in shares) 426 445 428 451
Asset management [Member]        
Noninterest Income        
Total noninterest income $ 215 $ 213 $ 615 $ 646
Consumer services [Member]        
Noninterest Income        
Total noninterest income 390 402 1,097 1,165
Corporate services [Member]        
Noninterest Income        
Total noninterest income 479 469 1,517 1,415
Residential mortgage [Member]        
Noninterest Income        
Total noninterest income 137 134 505 281
Service charges on deposits [Member]        
Noninterest Income        
Total noninterest income $ 119 $ 178 $ 366 $ 517