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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income      
Loans $ 8,927 $ 10,525 $ 9,580
Investment securities 2,041 2,426 2,261
Other 339 811 741
Total interest income 11,307 13,762 12,582
Interest Expense      
Deposits 643 1,986 1,229
Borrowed funds 718 1,811 1,632
Total interest expense 1,361 3,797 2,861
Net interest income 9,946 9,965 9,721
Noninterest Income      
Total noninterest income 6,955 6,874 6,469
Total revenue 16,901 16,839 16,190
Provision For Credit Losses 3,175 773 408
Noninterest Expense      
Personnel 5,673 5,647 5,471
Occupancy 826 834 818
Equipment 1,176 1,210 1,103
Marketing 236 301 285
Other 2,386 2,582 2,619
Total noninterest expense 10,297 10,574 10,296
Income from continuing operations before income taxes and noncontrolling interests 3,429 5,492 5,486
Income taxes from continuing operations 426 901 928
Net income from continuing operations 3,003 4,591 4,558
Income from discontinued operations before taxes 5,777 988 942
Income taxes from discontinued operations 1,222 161 154
Net income from discontinued operations 4,555 827 788
Net income 7,558 5,418 5,346
Less: Net income attributable to noncontrolling interests 41 49 45
Preferred stock dividends 229 236 236
Preferred stock discount accretion and redemptions 4 4 4
Net income attributable to common shareholders $ 7,284 $ 5,129 $ 5,061
Total basic earnings      
Basic earnings from continuing operations (dollars per share) $ 6.37 $ 9.59 $ 9.11
Basic earnings from discontinued operations (dollars per share) 10.62 1.84 1.68
Basic earnings per common share (dollars per share) 16.99 11.43 10.79
Total diluted earnings      
Diluted earnings from continuing operations (dollars per share) 6.36 9.57 9.06
Diluted earnings from discontinued operations (dollars per share) 10.60 1.82 1.65
Diluted earnings per common share (dollars per share) $ 16.96 $ 11.39 $ 10.71
Average Common Shares Outstanding      
Basic (shares) 427 447 467
Diluted (shares) 427 448 470
Asset management      
Noninterest Income      
Total noninterest income $ 836 $ 862 $ 883
Consumer services      
Noninterest Income      
Total noninterest income 1,484 1,555 1,502
Corporate services      
Noninterest Income      
Total noninterest income 2,167 1,914 1,849
Residential mortgage      
Noninterest Income      
Total noninterest income 604 368 316
Service charges on deposits      
Noninterest Income      
Total noninterest income 500 702 714
Other      
Noninterest Income      
Total noninterest income $ 1,364 $ 1,473 $ 1,205