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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Loans $ 2,504 $ 2,160 $ 4,797 $ 4,156
Investment securities 631 469 1,175 890
Other 146 72 223 138
Total interest income 3,281 2,701 6,195 5,184
Interest Expense        
Deposits 88 30 115 70
Borrowed funds 142 90 225 185
Total interest expense 230 120 340 255
Net interest income 3,051 2,581 5,855 4,929
Noninterest Income        
Total noninterest income 2,065 2,086 3,953 3,958
Total revenue 5,116 4,667 9,808 8,887
Provision For (Recapture of) Credit Losses 36 302 (172) (249)
Noninterest Expense        
Personnel 1,779 1,640 3,496 3,117
Occupancy 246 217 504 432
Equipment 351 326 682 619
Marketing 95 74 156 119
Other 773 793 1,578 1,337
Total noninterest expense 3,244 3,050 6,416 5,624
Income (loss) before income taxes (benefit) and noncontrolling interests 1,836 1,315 3,564 3,512
Income taxes 340 212 639 583
Net income 1,496 1,103 2,925 2,929
Less: Net income (loss) attributable to noncontrolling interests 15 12 36 22
Preferred stock dividends 71 48 116 105
Preferred stock discount accretion and redemptions 1 1 3 2
Net income attributable to common shareholders $ 1,409 $ 1,042 $ 2,770 $ 2,800
Earnings Per Common Share        
Basic earnings per common share (in dollars per share) $ 3.39 $ 2.43 $ 6.62 $ 6.54
Diluted earnings per common share (in dollars per share) $ 3.39 $ 2.43 $ 6.61 $ 6.53
Average Common Shares Outstanding        
Basic (in shares) 414 427 417 426
Diluted (in shares) 414 427 417 427
Asset management and brokerage        
Noninterest Income        
Total noninterest income $ 365 $ 350 $ 742 $ 678
Capital markets related        
Noninterest Income        
Total noninterest income 409 324 661 635
Card and cash management        
Noninterest Income        
Total noninterest income 671 597 1,291 1,089
Lending and deposit services        
Noninterest Income        
Total noninterest income 282 270 551 524
Residential and commercial mortgage        
Noninterest Income        
Total noninterest income 161 206 320 393
Other        
Noninterest Income        
Total noninterest income $ 177 $ 339 $ 388 $ 639