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Consolidated Statements of Income/Loss (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest Income    
Interest and fees on loans $ 1,300 $ 1,314
Interest and fees on loans held for sale 25 28
Interest and dividends on securities available for sale:    
Taxable interest 168 165
Tax-exempt interest 4 5
Dividends 22 [1] 20 [1]
Trading account interest and other 15 22
Total interest income 1,534 1,554
Interest Expense    
Interest on deposits 127 169
Interest on long-term debt 88 124
Interest on other borrowings 8 12
Total interest expense 223 305
Net interest income 1,311 1,249
Provision for credit losses 317 447
Net interest income after provision for credit losses 994 802
Noninterest Income    
Service charges on deposit accounts 164 163
Trust and investment management income 130 135
Other charges and fees 115 126
Card fees 61 100
Investment banking income 71 67
Trading income/(loss) 57 52
Retail investment services 59 58
Mortgage production related (loss)/income 63 (1)
Mortgage servicing related income 81 72
Net securities gains 18 [2] 64 [2]
Other noninterest income 57 47
Total noninterest income 876 883
Noninterest Expense    
Employee compensation 652 618
Employee benefits 145 136
Outside processing and software 176 158
Net occupancy expense 88 89
Regulatory assessments 52 71
Credit and collection services 56 51
Other real estate expense 50 69
Operating losses 60 27
Marketing and customer development 27 38
Equipment expense 45 44
Amortization/impairment of goodwill/intangible assets 11 11
Other noninterest expense 179 153
Total noninterest expense 1,541 1,465
Income/(loss) before provision/(benefit) for income taxes 329 220
Provision/(benefit) for income taxes 69 33
Net income/(loss) including income attributable to noncontrolling interest 260 187
Net income attributable to noncontrolling interest 10 7
Net income/(loss) 250 180
Net income/(loss) available to common shareholders $ 245 $ 38
Net income/(loss) per average common share    
Diluted $ 0.46 $ 0.08
Basic $ 0.46 $ 0.08
Dividends declared per common share $ 0.05 $ 0.01
Average common shares - diluted 536,407 503,503
Average common shares - basic 533,100 499,669
[1] Includes dividends on common stock of The Coca-Cola Company of $15 million and $14 million during the three months ended March 31, 2012 and 2011, respectively.
[2] Includes credit-related other-than-temporary impairment losses of $2 million and $1 million for the three months ended March 31, 2012 and 2011, respectively. There were no non-credit related unrealized other-than-temporary impairment losses recorded in other comprehensive income, before taxes, for the three months ended March 31, 2012 and 2011.