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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income        
Interest and fees on loans $ 1,115 $ 1,161 $ 2,206 $ 2,313
Interest and fees on loans held for sale 23 17 45 32
Interest and Dividend Income, Securities, Available-for-sale 137 149 277 302
Trading account interest and other 22 19 41 36
Total interest income 1,297 1,346 2,569 2,683
Interest Expense        
Interest on deposits 55 61 110 126
Interest Expense, Long-term Debt 67 66 136 124
Interest on other borrowings 8 10 16 19
Total interest expense 130 137 262 269
Net, interest income 1,167 1,209 2,307 2,414
Provision for Loan, Lease, and Other Losses 26 [1] 73 [1] 82 [2] 175 [2]
Interest Income (Expense), after Provision for Loan Loss 1,141 1,136 2,225 2,239
Noninterest Income        
Service charges on deposit accounts 156 160 308 314
Fees and Commissions, Other 99 91 188 179
Fees and Commissions, Credit and Debit Cards 84 82 164 158
Investment Banking Revenue 145 119 242 207
Trading Gain (Loss) 54 47 109 96
Fees and Commissions, Fiduciary and Trust Activities 84 116 168 247
Investment Advisory, Management and Administrative Fees 80 76 152 147
Fees and Commissions, Mortgage Banking 76 52 159 95
Servicing Fees, Net 30 45 73 99
Gain (Loss) on Disposition of Business 0 105 0 105
Gain (Loss) on Sale of Securities, Net 14 (1) 14 (2)
Noninterest Income, Other Operating Income 52 65 115 103
Total noninterest income 874 957 1,692 1,748
Noninterest Expense        
Employee compensation 653 659 1,285 1,319
Other Labor-related Expenses 103 104 242 244
Outside processing and software 204 181 394 351
Net occupancy expense 85 83 169 169
Equipment Expense 42 42 82 86
Federal Deposit Insurance Corporation Premium Expense 35 40 72 80
Marketing and Advertising Expense 34 30 61 56
Credit and collection services 25 23 43 46
Operating losses 16 218 30 239
Amortization of Intangible Assets and Impairment of Goodwill 7 4 13 7
Other Noninterest Expense (124) (133) (217) (277)
Noninterest Expense 1,328 1,517 2,608 2,874
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 687 576 1,309 1,113
Income Tax Expense (Benefit) 202 173 393 298
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 485 403 916 815
Net Income (Loss) Attributable to Noncontrolling Interest 2 4 4 11
Net Income (Loss) Attributable to Parent 483 399 912 804
Net Income (Loss) Available to Common Stockholders, Basic $ 467 $ 387 $ 877 $ 780
Earnings Per Share, Diluted $ 0.89 $ 0.72 $ 1.67 $ 1.45
Earnings Per Share, Basic 0.90 0.73 1.69 1.47
Common Stock, Dividends, Per Share, Declared $ 0.24 $ 0.20 $ 0.44 $ 0.30
Weighted Average Number of Shares Outstanding, Diluted 522,479 535,486 524,646 536,234
Weighted Average Number of Shares Outstanding, Basic 516,968 529,764 518,983 530,459
[1] Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
[2] Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments of the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.