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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest Income        
Loans $ 3,138 $ 2,437 $ 7,935 $ 6,593
Investment securities 715 460 1,890 1,350
Other 279 78 502 216
Total interest income 4,132 2,975 10,327 8,159
Interest Expense        
Deposits 340 29 455 99
Borrowed funds 317 90 542 275
Total interest expense 657 119 997 374
Net interest income 3,475 2,856 9,330 7,785
Noninterest Income        
Total noninterest income 2,074 2,341 6,027 6,299
Total revenue 5,549 5,197 15,357 14,084
Provision For (Recapture of) Credit Losses 241 (203) 69 (452)
Noninterest Expense        
Personnel 1,805 1,986 5,301 5,103
Occupancy 241 248 745 680
Equipment 344 355 1,026 974
Marketing 93 103 249 222
Other 797 895 2,375 2,232
Total noninterest expense 3,280 3,587 9,696 9,211
Income (loss) before income taxes (benefit) and noncontrolling interests 2,028 1,813 5,592 5,325
Income taxes 388 323 1,027 906
Net income 1,640 1,490 4,565 4,419
Less: Net income (loss) attributable to noncontrolling interests 16 16 52 38
Preferred stock dividends 65 57 181 162
Preferred stock discount accretion and redemptions 1 1 4 3
Net income attributable to common shareholders $ 1,558 $ 1,416 $ 4,328 $ 4,216
Earnings Per Common Share        
Basic earnings per common share (in dollars per share) $ 3.78 $ 3.31 $ 10.39 $ 9.84
Diluted earnings per common share (in dollars per share) $ 3.78 $ 3.30 $ 10.39 $ 9.83
Average Common Shares Outstanding        
Basic (in shares) 410 426 414 426
Diluted (in shares) 410 426 415 427
Asset management and brokerage        
Noninterest Income        
Total noninterest income $ 357 $ 375 $ 1,099 $ 1,053
Capital markets related        
Noninterest Income        
Total noninterest income 299 482 960 1,117
Card and cash management        
Noninterest Income        
Total noninterest income 671 663 1,962 1,752
Lending and deposit services        
Noninterest Income        
Total noninterest income 287 305 838 829
Residential and commercial mortgage        
Noninterest Income        
Total noninterest income 143 248 463 641
Other        
Noninterest Income        
Total noninterest income $ 317 $ 268 $ 705 $ 907