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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest Income        
Loans $ 4,643 $ 3,138 $ 13,424 $ 7,935
Investment securities 892 715 2,660 1,890
Other 668 279 1,722 502
Total interest income 6,203 4,132 17,806 10,327
Interest Expense        
Deposits 1,792 340 4,614 455
Borrowed funds 993 317 2,679 542
Total interest expense 2,785 657 7,293 997
Net interest income 3,418 3,475 10,513 9,330
Noninterest Income        
Total noninterest income 1,815 2,074 5,616 6,027
Total revenue 5,233 5,549 16,129 15,357
Provision For Credit Losses 129 241 510 69
Noninterest Expense        
Personnel 1,773 1,805 5,445 5,301
Occupancy 244 241 739 745
Equipment 347 344 1,046 1,026
Marketing 93 93 276 249
Other 788 797 2,432 2,375
Total noninterest expense 3,245 3,280 9,938 9,696
Income (loss) before income taxes (benefit) and noncontrolling interests 1,859 2,028 5,681 5,592
Income taxes 289 388 917 1,027
Net income from continuing operations 1,570 1,640 4,764 4,565
Less: Net income (loss) attributable to noncontrolling interests 16 16 50 52
Preferred stock dividends 104 65 299 181
Preferred stock discount accretion and redemptions 2 1 6 4
Net income attributable to common shareholders $ 1,448 $ 1,558 $ 4,409 $ 4,328
Earnings Per Common Share        
Basic earnings per common share (in dollars per share) $ 3.60 $ 3.78 $ 10.95 $ 10.39
Diluted earnings per common share (in dollars per share) $ 3.60 $ 3.78 $ 10.94 $ 10.39
Average Common Shares Outstanding        
Basic (in shares) 400 410 401 414
Diluted (in shares) 400 410 401 415
Asset management and brokerage        
Noninterest Income        
Total noninterest income $ 348 $ 357 $ 1,052 $ 1,099
Capital markets and advisory        
Noninterest Income        
Total noninterest income 168 299 643 960
Card and cash management        
Noninterest Income        
Total noninterest income 689 671 2,045 1,962
Lending and deposit services        
Noninterest Income        
Total noninterest income 315 287 919 838
Residential and commercial mortgage        
Noninterest Income        
Total noninterest income 201 143 476 463
Other        
Noninterest Income        
Total noninterest income $ 94 $ 317 $ 481 $ 705