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Consolidated Statements of Income/Loss (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest Income        
Interest and fees on loans $ 1,263 $ 1,299 $ 2,563 $ 2,613
Interest and fees on loans held for sale 31 22 55 50
Interest and dividends on securities available for sale:        
Taxable interest 153 177 322 342
Tax-exempt interest 4 6 8 11
Dividends 23 [1] 21 [1] 45 [1] 41 [1]
Trading account interest and other 18 21 33 43
Total interest income 1,492 1,546 3,026 3,100
Interest Expense        
Interest on deposits 118 162 245 331
Interest on long-term debt 90 113 178 237
Interest on other borrowings 10 12 18 24
Total interest expense 218 287 441 592
Net interest income 1,274 1,259 2,585 2,508
Provision for credit losses 300 392 617 839
Net interest income after provision for credit losses 974 867 1,968 1,669
Noninterest Income        
Service charges on deposit accounts 167 170 332 333
Trust and investment management income 130 135 260 270
Other charges and fees 130 130 245 256
Card fees 66 105 127 205
Investment banking income 75 95 147 162
Trading income/(loss) 70 53 127 105
Retail investment services 62 59 120 117
Mortgage production related (loss)/income 103 4 166 3
Mortgage servicing related income 70 72 151 144
Net securities gains 14 [2] 32 [2] 32 [2] 96 [2]
Other noninterest income 53 57 109 104
Total noninterest income 940 912 1,816 1,795
Noninterest Expense        
Employee compensation 654 638 1,306 1,256
Employee benefits 108 110 254 246
Outside processing and software 180 162 356 320
Net occupancy expense 88 89 176 178
Regulatory assessments 60 81 111 152
Credit and collection services 61 60 116 111
Other real estate expense 52 64 103 133
Operating losses 69 62 129 89
Marketing and customer development 32 46 59 84
Equipment expense 46 44 91 88
Amortization/impairment of goodwill/intangible assets 11 12 22 23
Net (gain)/loss on extinguishment of debt 13 (1) 13 (2)
Other noninterest expense 172 175 351 329
Total noninterest expense 1,546 1,542 3,087 3,007
Income/(loss) before provision/(benefit) for income taxes 368 237 697 457
Provision/(benefit) for income taxes 91 58 160 91
Net income/(loss) including income attributable to noncontrolling interest 277 179 537 366
Net income attributable to noncontrolling interest 2 1 12 8
Net income/(loss) 275 178 525 358
Net income/(loss) available to common shareholders $ 270 $ 174 $ 515 $ 212
Net income/(loss) per average common share        
Diluted $ 0.50 $ 0.33 $ 0.96 $ 0.41
Basic $ 0.51 $ 0.33 $ 0.97 $ 0.41
Dividends declared per common share $ 0.05 $ 0.01 $ 0.10 $ 0.02
Average common shares - diluted 537,495 535,416 536,951 519,548
Average common shares - basic 533,964 531,792 533,532 515,819
[1] Includes dividends on common stock of The Coca-Cola Company of $15 million and $14 million during the three months ended June 30, 2012 and 2011, and $31 million and $28 million during the six months ended June 30, 2012 and 2011, respectively.
[2] Includes credit-related OTTI losses of $2 million and $1 million for the three months ended June 30, 2012 and 2011, respectively, and $4 million and $2 million for the six months ended June 30, 2012 and 2011, respectively. There were no non-credit related unrealized OTTI losses recorded in OCI, before taxes, for the three and six months ended June 30, 2012 and 2011.