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Consolidated Income Statement (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Loans $ 2,076 $ 1,904 $ 6,190 $ 5,693
Investment securities 504 511 1,557 1,638
Other 90 115 316 329
Total interest income 2,670 2,530 8,063 7,660
Interest Expense        
Deposits 103 167 289 529
Borrowed funds 168 188 558 630
Total interest expense 271 355 847 1,159
Net interest income 2,399 2,175 7,216 6,501
Noninterest Income        
Asset management 305 287 867 838
Consumer services 288 330 842 974
Corporate services 295 187 817 632
Residential mortgage 227 198 284 556
Service charges on deposits 152 140 423 394
Net gains on sales of securities 40 68 159 187
Other-than-temporary impairments (26) (122) (74) (225)
Less: Noncredit portion of other-than-temporary impairments (a) (2) [1] (87) [1] 22 [1] (117) [1]
Net other-than-temporary impairments (24) (35) (96) (108)
Other 406 194 931 803
Total noninterest income 1,689 1,369 4,227 4,276
Total revenue 4,088 3,544 11,443 10,777
Provision for credit losses (benefit) 228 261 669 962
Noninterest Expense        
Personnel 1,171 949 3,401 2,914
Occupancy 212 171 601 540
Equipment 185 159 541 484
Marketing 74 72 209 175
Other 1,008 789 3,001 2,273
Total noninterest expense 2,650 2,140 7,753 6,386
Income (loss) before income taxes and noncontrolling interests 1,210 1,143 3,021 3,429
Income taxes 285 309 739 851
Net income 925 834 2,282 2,578
Net income (loss) attributable to noncontrolling interests (14) 4 (13) (2)
Preferred stock dividends and discount accretion 63 4 127 33
Net income attributable to common shareholders $ 876 $ 826 $ 2,168 $ 2,547
Earnings Per Common Share        
Basic $ 1.66 [2] $ 1.57 [2] $ 4.10 [2] $ 4.84 [2]
Diluted $ 1.64 [2] $ 1.55 [2] $ 4.06 [2] $ 4.79 [2]
Average Common Shares Outstanding        
Basic 526 524 526 524
Diluted 529 526 529 526
[1] Included in accumulated other comprehensive income (loss).
[2] Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares (participating securities).