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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest Income    
Interest and fees on loans $ 1,151 $ 1,169
Interest and fees on loans held for sale 15 31
Interest and Dividend Income, Securities, Available-for-sale 153 143
Trading account interest and other 17 16
Total interest income 1,336 1,359
Interest Expense    
Interest on deposits 65 79
Interest Expense, Long-term Debt 58 51
Interest on other borrowings 9 8
Total interest expense 132 138
Net, interest income 1,204 1,221
Provision for Loan, Lease, and Other Losses 102 212
Interest Income (Expense), after Provision for Loan Loss 1,102 1,009
Noninterest Income    
Service charges on deposit accounts 155 160
Fees and Commissions, Other 88 89
Fees and Commissions, Credit and Debit Cards 76 76
Fees and Commissions, Fiduciary and Trust Activities 130 124
Investment Advisory, Management and Administrative Fees 71 61
Investment Banking Revenue 88 68
Trading Gain (Loss) 49 42
Servicing Fees, Net 54 38
Fees and Commissions, Mortgage Banking 43 159
Gain (Loss) on Sale of Securities, Net (1) [1] 2 [1]
Noninterest Income, Other Operating Income 38 44
Total noninterest income 791 863
Noninterest Expense    
Employee compensation 659 611
Other Labor-related Expenses 141 148
Outside processing and software 170 178
Net occupancy expense 86 89
Equipment Expense 44 45
Federal Deposit Insurance Corporation Premium Expense 40 54
Marketing and Advertising Expense 25 30
Credit and collection services 22 33
Operating losses 21 39
Professional Fees 9 15
Amortization of Intangible Assets and Impairment of Goodwill 3 6
Other Noninterest Expense (137) [2] (105) [2]
Noninterest Expense 1,357 1,353
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 536 519
Income Tax Expense (Benefit) 125 [2] 161 [2]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 411 358
Net Income (Loss) Attributable to Noncontrolling Interest 6 6
Net Income (Loss) Attributable to Parent 405 352
Net Income (Loss) Available to Common Stockholders, Basic $ 393 $ 340
Earnings Per Share, Diluted $ 0.73 $ 0.63
Earnings Per Share, Basic $ 0.74 $ 0.64
Common Stock, Dividends, Per Share, Declared $ 0.10 $ 0.05
Weighted Average Number of Shares Outstanding, Diluted 537 540
Weighted Average Number of Shares Outstanding, Basic 531 536
[1] Total OTTI was $0 for the three months ended March 31, 2014 and 2013. Of total OTTI, losses of $0 and $1 million were recognized in earnings, and gains of $0 and $1 million were recognized as non-credit-related OTTI in OCI for the three months ended March 31, 2014 and 2013, respectively.
[2] Amortization expense related to qualified affordable housing investment costs is recognized in provision for income taxes for each of the periods presented as allowed by a recently adopted accounting standard. Prior to the first quarter of 2014, these amounts were recognized in other noninterest expense.