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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest Income        
Loans $ 4,523 $ 2,504 $ 8,781 $ 4,797
Investment securities 883 631 1,768 1,175
Other 538 146 1,054 223
Total interest income 5,944 3,281 11,603 6,195
Interest Expense        
Deposits 1,531 88 2,822 115
Borrowed funds 903 142 1,686 225
Total interest expense 2,434 230 4,508 340
Net interest income 3,510 3,051 7,095 5,855
Noninterest Income        
Total noninterest income 1,783 2,065 3,801 3,953
Total revenue 5,293 5,116 10,896 9,808
Provision For (Recapture of) Credit Losses 146 36 381 (172)
Noninterest Expense        
Personnel 1,846 1,779 3,672 3,496
Occupancy 244 246 495 504
Equipment 349 351 699 682
Marketing 109 95 183 156
Other 824 773 1,644 1,578
Total noninterest expense 3,372 3,244 6,693 6,416
Income (loss) before income taxes (benefit) and noncontrolling interests 1,775 1,836 3,822 3,564
Income taxes 275 340 628 639
Net income from continuing operations 1,500 1,496 3,194 2,925
Less: Net income attributable to noncontrolling interests 17 15 34 36
Preferred stock dividends 127 71 195 116
Preferred stock discount accretion and redemptions 2 1 4 3
Net income attributable to common shareholders $ 1,354 $ 1,409 $ 2,961 $ 2,770
Earnings Per Common Share        
Basic earnings per common share (in dollars per share) $ 3.36 $ 3.39 $ 7.35 $ 6.62
Diluted earnings per common share (in dollars per share) $ 3.36 $ 3.39 $ 7.34 $ 6.61
Average Common Shares Outstanding        
Basic (in shares) 401 414 401 417
Diluted (in shares) 401 414 401 417
Asset management and brokerage        
Noninterest Income        
Total noninterest income $ 348 $ 365 $ 704 $ 742
Capital markets and advisory        
Noninterest Income        
Total noninterest income 213 409 475 661
Card and cash management        
Noninterest Income        
Total noninterest income 697 671 1,356 1,291
Lending and deposit services        
Noninterest Income        
Total noninterest income 298 282 604 551
Residential and commercial mortgage        
Noninterest Income        
Total noninterest income 98 161 275 320
Other        
Noninterest Income        
Total noninterest income $ 129 $ 177 $ 387 $ 388