Selected Quarterly Financial Data (Unaudited) (table)

12 Months Ended

Dec. 31, 2014

Selected Quarterly Financial Data (Unaudited) disclosure

Selected Quarterly Financial Data (Unaudited) disclosure [Table Text Block]

19. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

2014 (in millions, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Total revenues	$	6,708	$	6,785	$	6,886	$	6,783	$	27,162
Total expenses		5,238		5,884		5,628		5,323		22,073
Income before income taxes		1,470		901		1,258		1,460		5,089
Income tax expense		418		218		339		422		1,397
Net income	$	1,052	$	683	$	919	$	1,038	$	3,692
Net income per share(1):
Basic	$	2.98	$	1.98	$	2.72	$	3.15	$	10.82
Diluted		2.95		1.95		2.69		3.11		10.70

2013 (in millions, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Total revenues	$	6,328	$	6,674	$	6,452	$	6,737	$	26,191
Total expenses		5,108		5,497		5,275		5,366		21,246
Income before income taxes		1,220		1,177		1,177		1,371		4,945
Income tax expense		324		252		313		383		1,272
Net income	$	896	$	925	$	864	$	988	$	3,673
Net income per share(1):
Basic	$	2.36	$	2.44	$	2.33	$	2.73	$	9.84
Diluted		2.33		2.41		2.30		2.70		9.74

(1)

Due to the averaging of shares, quarterly earnings per share may not add to the total for the full year.