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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and Fee Income, Loans and Leases Held-in-portfolio $ 1,697 $ 1,398
Interest and fees on loans held for sale 13 21
Interest and Dividend Income, Securities, Available-for-sale 221 206
Trading account interest and other 56 43
Total interest income 1,987 1,668
Interest Expense    
Interest Expense, Deposits 249 131
Interest Expense, Long-term Debt 125 74
Interest on other borrowings 69 22
Total interest expense 443 227
Net, interest income 1,544 1,441 [1]
Provision for Loan, Lease, and Other Losses 153 [2] 28 [1],[3]
Interest Income (Expense), after Provision for Loan Loss 1,391 1,413
Noninterest Income    
Service charges on deposit accounts 137 146
Other charges and fees [4] 87 85
Card fees 82 81
Investment Banking Revenue [4] 130 133
Trading Gain (Loss) 60 42
Mortgage Related Income [5] 100 90
Trust and investment management income 71 75
Retail investment services 69 72
Commercial Real Estate Related Income 24 23
Debt and Equity Securities, Gain (Loss) 0 1
Noninterest Income, Other Operating Income 24 48
Noninterest Income 784 796 [1]
Noninterest Expense    
Employee compensation 676 707
Other Labor-related Expenses 148 146
Outside processing and software 238 206
Net occupancy expense 102 94
Merger-Related Costs 45 0
Marketing and Advertising Expense 41 41
Equipment Expense 42 40
Federal Deposit Insurance Corporation Premium Expense 19 41
Operating losses 22 6
Amortization 15 15
Other Noninterest Expense 141 121
Noninterest Expense 1,489 1,417 [1]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 686 792
Income Tax Expense (Benefit) 104 147
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 582 645 [1]
Net Income (Loss) Attributable to Noncontrolling Interest 2 2 [1]
Net Income (Loss) Attributable to Parent 580 643 [1]
Preferred Stock Dividends and Other Adjustments 26 31
Net Income (Loss) Available to Common Stockholders, Basic $ 554 $ 612
Earnings Per Share, Diluted $ 1.24 $ 1.29
Earnings Per Share, Basic 1.25 1.31
Common Stock, Dividends, Per Share, Declared $ 0.50 $ 0.40
Weighted Average Number of Shares Outstanding, Diluted 446,662 473,620
Weighted Average Number of Shares Outstanding, Basic 443,566 468,723
[1] 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.
[2] 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.
[3] 3 Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
[4] 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.
[5] Beginning with the 2018 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.