Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Selected Quarterly Financial Data (Unaudited) disclosure

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

19. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

2015 (in millions, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Total revenues	$	6,626	$	6,706	$	6,794	$	6,674	$	26,800
Total expenses		5,478		5,630		5,487		5,465		22,060
Income before income taxes		1,148		1,076		1,307		1,209		4,740
Income tax expense		315		264		379		343		1,301
Net income	$	833	$	812	$	928	$	866	$	3,439
Net income per share(1):
Basic	$	2.58	$	2.56	$	3.00	$	2.87	$	10.99
Diluted		2.55		2.53		2.97		2.83		10.88

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

(1)

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