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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Loans $ 4,258 $ 2,293
Investment securities 885 544
Other 516 77
Total interest income 5,659 2,914
Interest Expense    
Deposits 1,291 27
Borrowed funds 783 83
Total interest expense 2,074 110
Net interest income 3,585 2,804
Noninterest Income    
Total noninterest income 2,018 1,888
Total revenue 5,603 4,692
Provision For (Recapture of) Credit Losses 235 (208)
Noninterest Expense    
Personnel 1,826 1,717
Occupancy 251 258
Equipment 350 331
Marketing 74 61
Other 820 805
Total noninterest expense 3,321 3,172
Income (loss) before income taxes (benefit) and noncontrolling interests 2,047 1,728
Income taxes 353 299
Net income from continuing operations 1,694 1,429
Less: Net income attributable to noncontrolling interests 17 21
Preferred stock dividends 68 45
Preferred stock discount accretion and redemptions 2 2
Net income attributable to common shareholders $ 1,607 $ 1,361
Earnings Per Common Share    
Basic earnings per common share (in dollars per share) $ 3.98 $ 3.23
Diluted earnings per common share (in dollars per share) $ 3.98 $ 3.23
Average Common Shares Outstanding    
Basic (in shares) 401 420
Diluted (in shares) 402 420
Asset management and brokerage    
Noninterest Income    
Total noninterest income $ 356 $ 377
Capital markets and advisory    
Noninterest Income    
Total noninterest income 262 252
Card and cash management    
Noninterest Income    
Total noninterest income 659 620
Lending and deposit services    
Noninterest Income    
Total noninterest income 306 269
Residential and commercial mortgage    
Noninterest Income    
Total noninterest income 177 159
Other    
Noninterest Income    
Total noninterest income $ 258 $ 211