XML 21 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Interest and Fee Income, Loans and Leases Held-in-portfolio $ 6,058 $ 5,385 $ 4,939
Interest and fees on loans held for sale 101 99 92
Interest and Dividend Income, Securities, Available-for-sale [1],[2] 849 756 636
Trading account interest and other [1] 197 147 111
Total interest income 7,205 6,387 5,778
Interest Expense      
Interest Expense, Deposits 711 404 259
Interest Expense, Long-term Debt 375 288 260
Interest on other borrowings 132 62 38
Total interest expense 1,218 754 557
Net, interest income 5,987 5,633 [3],[4] 5,221 [5],[6]
Provision for Loan, Lease, and Other Losses 208 [7] 409 [3],[4],[8] 444 [5],[6],[9]
Interest Income (Expense), after Provision for Loan Loss 5,779 5,224 4,777
Noninterest Income      
Service charges on deposit accounts 579 603 630
Other charges and fees [10] 356 361 359
Card fees 324 344 327
Investment Banking Revenue [10] 599 623 515
Trading Gain (Loss) 161 189 211
Mortgage Related Income [11] 342 422 555
Trust and investment management income 304 309 304
Retail investment services 292 278 281
Commercial Real Estate Related Income 134 123 69
Debt and Equity Securities, Gain (Loss) 1 (108) 4
Gain (Loss) on Disposition of Business 0 107 0
Noninterest Income, Other Operating Income 134 103 128
Noninterest Income 3,226 3,354 [3],[4] 3,383 [5],[6]
Noninterest Expense      
Employee compensation 2,878 2,854 2,698
Other Labor-related Expenses 430 403 373
Outside processing and software 909 826 834
Net occupancy expense 372 377 349
Marketing and Advertising Expense 175 232 172
Equipment Expense 166 164 170
Federal Deposit Insurance Corporation Premium Expense 126 187 173
Operating losses 79 40 108
Amortization 73 75 49
Professional Fees 62 71 93
Other Staff Expense 52 121 67
Other Noninterest Expense 351 414 382
Noninterest Expense 5,673 5,764 [3],[4] 5,468 [5],[6]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 3,332 2,814 2,692
Income Tax Expense (Benefit) 548 532 805
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 2,784 2,282 [3],[4] 1,887 [5],[6]
Net Income (Loss) Attributable to Noncontrolling Interest 9 9 [3],[4] 9 [5],[6]
Net Income (Loss) Attributable to Parent 2,775 2,273 [3],[4] 1,878 [5],[6]
Preferred Stock Dividends and Other Adjustments 107 94 67
Net Income (Loss) Available to Common Stockholders, Basic $ 2,668 $ 2,179 $ 1,811
Earnings Per Share, Diluted $ 5.74 $ 4.47 $ 3.60
Earnings Per Share, Basic 5.79 4.53 3.63
Common Stock, Dividends, Per Share, Declared $ 1.80 $ 1.32 $ 1.00
Weighted Average Number of Shares Outstanding, Diluted 464,961 486,954 503,466
Weighted Average Number of Shares Outstanding, Basic 460,922 481,339 498,638
[1] Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities AFS to Other assets on the Consolidated Balance Sheets and began presenting income associated with certain of these equity securities in Trading account interest and other. For periods prior to January 1, 2018, this income was previously presented in Interest on securities available for sale and has been reclassified to Trading account interest and other for comparability.
[2] Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities AFS to Other assets on the Consolidated Balance Sheets and began presenting income associated with certain of these equity securities in Trading account interest and other on the Consolidated Statements of Income. For periods prior to January 1, 2018, this income was previously presented in Interest on securities available for sale and has been reclassified to Trading account interest and other for comparability.
[3] During the second quarter of 2018, certain of the Company's business banking clients were transferred from the Wholesale business segment to the Consumer business segment. For all periods prior to the second quarter of 2018, the corresponding financial results have been transferred to the Consumer business segment for comparability purposes.
[4] During the fourth quarter of 2017, the Company sold PAC, the results of which were previously reported within the Wholesale business segment. For all periods prior to January 1, 2018, PAC's financial results, including the gain on sale, have been transferred to Corporate Other for enhanced comparability of the Wholesale business segment excluding PAC.
[5] During the second quarter of 2018, certain of the Company's business banking clients were transferred from the Wholesale business segment to the Consumer business segment. For all periods prior to the second quarter of 2018, the corresponding financial results have been transferred to the Consumer business segment for comparability purposes.
[6] During the fourth quarter of 2017, the Company sold PAC, the results of which were previously reported within the Wholesale business segment. For all periods prior to January 1, 2018, PAC's financial results, including the gain on sale, have been transferred to Corporate Other for enhanced comparability of the Wholesale business segment excluding PAC.
[7] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
[8] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
[9] Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
[10] Beginning July 1, 2018, the Company began presenting bridge commitment fee income related to capital market transactions in Investment banking income on the Consolidated Statements of Income. For periods prior to July 1, 2018, this income was previously presented in Other charges and fees and has been reclassified to Investment banking income for comparability.
[11] Beginning with this Form 10-K, the Company began presenting Mortgage production related income and Mortgage servicing related income as a single line item on the Consolidated Statements of Income titled Mortgage related income. Prior periods have been conformed to this updated presentation for comparability.