XML 69 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest Income        
Interest and fees on loans $ 1,161 $ 1,157 $ 2,313 $ 2,326
Interest and fees on loans held for sale 17 29 32 60
Interest and Dividend Income, Securities, Available-for-sale 149 143 302 286
Trading account interest and other 19 18 36 34
Total interest income 1,346 1,347 2,683 2,706
Interest Expense        
Interest on deposits 61 75 126 154
Interest Expense, Long-term Debt 66 53 124 104
Interest on other borrowings 10 8 19 16
Total interest expense 137 136 269 274
Net, interest income 1,209 1,211 2,414 2,432
Provision for Loan, Lease, and Other Losses 73 [1] 146 [1] 175 [1] 358 [1]
Interest Income (Expense), after Provision for Loan Loss 1,136 1,065 2,239 2,074
Noninterest Income        
Service charges on deposit accounts 160 164 314 324
Fees and Commissions, Other 91 97 179 186
Fees and Commissions, Credit and Debit Cards 82 78 158 154
Fees and Commissions, Fiduciary and Trust Activities 116 130 247 254
Investment Advisory, Management and Administrative Fees 76 69 147 130
Investment Banking Revenue 119 93 207 161
Trading Gain (Loss) 47 49 96 91
Servicing Fees, Net 45 1 99 39
Fees and Commissions, Mortgage Banking 52 133 95 292
Gain (Loss) on Disposition of Business 105   105 0
Gain (Loss) on Sale of Securities, Net (1) [2] 0 [2] (2) [2] 2 [2]
Noninterest Income, Other Operating Income 65 44 103 88
Total noninterest income 957 858 1,748 1,721
Noninterest Expense        
Employee compensation 659 635 1,319 1,246
Other Labor-related Expenses 104 102 244 250
Outside processing and software 181 187 351 365
Net occupancy expense 83 86 169 175
Equipment Expense 42 46 86 91
Federal Deposit Insurance Corporation Premium Expense 40 41 80 95
Marketing and Advertising Expense 30 31 239 111
Credit and collection services 23 52 56 61
Operating losses 218 72 46 85
Amortization of Intangible Assets and Impairment of Goodwill 4 6 7 12
Other Noninterest Expense (133) [3] (129) [3] (277) [3] (249) [3]
Noninterest Expense 1,517 1,387 2,874 2,740
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 576 536 1,113 1,055
Income Tax Expense (Benefit) 173 [3] 156 [3] 298 [3] 317 [3]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 403 380 815 738
Net Income (Loss) Attributable to Noncontrolling Interest 4 3 11 9
Net Income (Loss) Attributable to Parent 399 377 804 729
Net Income (Loss) Available to Common Stockholders, Basic $ 387 $ 365 $ 780 $ 705
Earnings Per Share, Diluted $ 0.72 $ 0.68 $ 1.45 $ 1.31
Earnings Per Share, Basic $ 0.73 $ 0.68 $ 1.47 $ 1.32
Common Stock, Dividends, Per Share, Declared $ 0.20 $ 0.10 $ 0.30 $ 0.15
Weighted Average Number of Shares Outstanding, Diluted 535,486 539,763 536,234 539,812
Weighted Average Number of Shares Outstanding, Basic 529,764 535,172 530,459 535,425
[1] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision attributable to quarterly changes in the allowance for loan and lease losses and unfunded commitment reserve balances.
[2] Total OTTI was $0 for the three months ended June 30, 2014 and 2013. Of total OTTI, losses of $1 million and $0 were recognized in earnings, and gains of $1 million and $0 were recognized as non-credit-related OTTI in OCI for the three months ended June 30, 2014 and 2013, respectively. Total OTTI was $0 for the six months ended June 30, 2014 and 2013. Of total OTTI, losses of $1 million were recognized in earnings, and gains of $1 million were recognized as non-credit-related OTTI in OCI for both the six months ended June 30, 2014 and 2013.
[3] 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.