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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Loans, including loans held for sale $ 5,960 $ 5,383 $ 17,255 $ 15,616
Investment securities 431 386 1,280 1,206
Other 29 25 83 60
Total interest income 6,420 5,794 18,618 16,882
Interest expense:        
Deposits 410 306 1,145 881
Securitized debt obligations 85 56 236 151
Senior and subordinated notes 194 121 522 338
Other borrowings 31 34 68 86
Total interest expense 720 517 1,971 1,456
Net interest income 5,700 5,277 16,647 15,426
Provision for loan, lease and other losses 1,833 1,588 5,625 4,707
Net interest income after provision for credit losses 3,867 3,689 11,022 10,719
Non-interest income:        
Service charges and other customer-related fees 414 417 1,203 1,233
Interchange fees, net 662 603 1,908 1,828
Gain (Loss) on Sale of Securities, Net 68 1 64 (7)
Other 141 163 402 455
Total non-interest income 1,285 1,184 3,577 3,509
Non-interest expense:        
Salaries and associate benefits 1,524 1,317 4,378 3,866
Occupancy and equipment 471 499 1,416 1,422
Marketing 379 393 1,210 1,236
Professional services 297 257 823 762
Communications and data processing 294 291 871 873
Amortization of intangibles 61 89 184 285
Other 541 515 1,533 1,435
Total non-interest expense 3,567 3,361 10,415 9,879
Income from continuing operations before income taxes 1,585 1,512 4,184 4,349
Income tax provision 448 496 1,205 1,372
Income from continuing operations, net of tax 1,137 1,016 2,979 2,977
Income (loss) from discontinued operations, net of tax (30) (11) (26) (17)
Net income 1,107 1,005 2,953 2,960
Dividends and undistributed earnings allocated to participating securities (8) (6) (21) (18)
Preferred stock dividends (52) (37) (185) (139)
Net income available to common stockholders $ 1,047 $ 962 $ 2,747 $ 2,803
Basic earnings per common share:        
Net income from continuing operations (in dollars per share) $ 2.22 $ 1.94 $ 5.73 $ 5.50
Income (loss) from discontinued operations (in dollars per share) (0.06) (0.02) (0.05) (0.03)
Net income per basic common share (in dollars per share) 2.16 1.92 5.68 5.47
Diluted earnings per common share:        
Net income from continuing operations (in dollars per share) 2.20 1.92 5.68 5.45
Income (loss) from discontinued operations (in dollars per share) (0.06) (0.02) (0.05) (0.03)
Net income per diluted common share (in dollars per share) 2.14 1.90 5.63 5.42
Dividends paid per common share (in dollars per share) $ 0.4 $ 0.40 $ 1.2 $ 1.20