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Consolidated Statements of Income/Loss (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and fees on loans $ 1,257 $ 1,296 $ 3,820 $ 3,910
Interest and fees on loans held for sale 29 21 84 71
Interest and dividends on securities available for sale:        
Taxable interest 132 175 454 517
Tax-exempt interest 4 5 12 16
Dividends 8 [1] 20 [1] 53 [1] 61 [1]
Trading account interest and other 15 21 48 63
Total interest income 1,445 1,538 4,471 4,638
Interest Expense        
Interest on deposits 98 154 342 485
Interest on long-term debt 66 110 244 347
Interest on other borrowings 10 11 29 35
Total interest expense 174 275 615 867
Net interest income 1,271 1,263 3,856 3,771
Provision for credit losses 450 [2] 347 [2] 1,067 [2] 1,186 [2]
Net interest income after provision for credit losses 821 916 2,789 2,585
Noninterest Income        
Service charges on deposit accounts 172 176 504 509
Fees and Commissions, Other 116 130 361 386
Trust and investment management income 127 134 387 404
Card fees 55 104 183 309
Investment banking income 83 68 230 231
Trading income/(loss) 19 66 145 171
Retail investment services 60 58 180 175
Mortgage production related (loss)/income (64) 54 102 56
Mortgage servicing related income 64 58 215 202
Gain (Loss) on Sale of Securities, Net 1,941 [3] 2 [3] 1,973 [3] 98 [3]
Other noninterest income (31) 53 78 157
Total noninterest income 2,542 903 4,358 2,698
Noninterest Expense        
Employee compensation 670 642 1,977 1,898
Employee benefits 110 108 363 354
Outside processing and software 171 164 527 484
Net occupancy expense 92 90 267 268
Marketing and customer development 75 41 134 125
Operating losses 71 72 200 161
Federal Deposit Insurance Corporation Premium Expense 67 80 179 232
Credit and collection services 65 71 181 182
Equipment expense 49 44 140 132
Other Staff Expense 41 18 75 53
Professional Fees 40 34 116 77
Other real estate expense 30 62 133 195
Amortization/impairment of goodwill/intangible assets     31 34
Amortization/impairment of goodwill/intangible assets 17 11 39 34
Net (gain)/loss on extinguishment of debt 2 (1) 15 (3)
Other noninterest expense 226 124 467 375
Total noninterest expense 1,726 1,560 4,813 4,567
Income/(loss) before provision/(benefit) for income taxes 1,637 259 2,334 716
Provision/(benefit) for income taxes 551 45 710 136
Net income/(loss) including income attributable to noncontrolling interest 1,086 214 1,624 580
Net income attributable to noncontrolling interest 9 (1) 22 7
Net income/(loss) 1,077 215 1,602 573
Net income/(loss) available to common shareholders $ 1,066 $ 211 $ 1,581 $ 424
Net income/(loss) per average common share        
Diluted $ 1.98 $ 0.39 $ 2.94 $ 0.81
Basic $ 1.99 $ 0.40 $ 2.96 $ 0.81
Dividends declared per common share $ 0.05 $ 0.05 $ 0.15 $ 0.07
Average common shares - diluted 538,699 535,395 537,538 524,888
Average common shares - basic 534,506 531,928 533,859 521,248
[1] Includes dividends on common stock of The Coca-Cola Company of $14 million during the three months ended September 30, 2011, $31 million during the nine months ended September 30, 2012, and $42 million during the nine months ended September 30, 2011.
[2] Provision for credit losses represents net charge-offs for the segments.
[3] Includes credit-related OTTI losses of $3 million and $7 million for the three and nine months ended September 30, 2012, respectively, and $0 and $2 million for the three and nine months ended September 30, 2011, respectively. There were no non-credit related unrealized OTTI losses recorded in OCI, before taxes, for the three and nine months ended September 30, 2012 and 2011.