v3.22.4
Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest Income      
Loans $ 11,795 $ 9,007 $ 8,927
Investment securities 2,726 1,834 2,041
Other 915 293 339
Total interest income 15,436 11,134 11,307
Interest Expense      
Deposits 1,267 126 643
Borrowed funds 1,155 361 718
Total interest expense 2,422 487 1,361
Net interest income 13,014 10,647 9,946
Noninterest Income      
Total noninterest income 8,106 8,564 6,955
Total revenue 21,120 19,211 16,901
Provision For (Recapture of) Credit Losses 477 (779) 3,175
Noninterest Expense      
Personnel 7,244 7,141 5,673
Occupancy 992 940 826
Equipment 1,395 1,411 1,176
Marketing 355 319 236
Other 3,184 3,191 2,386
Total noninterest expense 13,170 13,002 10,297
Income from continuing operations before income taxes and noncontrolling interests 7,473 6,988 3,429
Income taxes from continuing operations 1,360 1,263 426
Net income from continuing operations 6,113 5,725 3,003
Income from discontinued operations before taxes 5,777
Income taxes from discontinued operations 1,222
Net income from discontinued operations 4,555
Net income 6,113 5,725 7,558
Less: Net income attributable to noncontrolling interests 72 51 41
Preferred stock dividends 301 233 229
Preferred stock discount accretion and redemptions 5 5 4
Net income attributable to common shareholders $ 5,735 $ 5,436 $ 7,284
Total basic earnings      
Basic earnings from continuing operations (dollars per share) $ 13.86 $ 12.71 $ 6.37
Basic earnings from discontinued operations (dollars per share) 10.62
Basic earnings per common share (dollars per share) 13.86 12.71 16.99
Total diluted earnings      
Diluted earnings from continuing operations (dollars per share) 13.85 12.70 6.36
Diluted earnings from discontinued operations (dollars per share) 10.60
Diluted earnings per common share (dollars per share) $ 13.85 $ 12.70 $ 16.96
Average Common Shares Outstanding      
Basic (shares) 412 426 427
Diluted (shares) 412 426 427
Asset management and brokerage      
Noninterest Income      
Total noninterest income $ 1,444 $ 1,438 $ 1,203
Capital markets and advisory      
Noninterest Income      
Total noninterest income 1,296 1,577 1,259
Card and cash management      
Noninterest Income      
Total noninterest income 2,633 2,398 1,913
Lending and deposit services      
Noninterest Income      
Total noninterest income 1,134 1,102 1,026
Residential and commercial mortgage      
Noninterest Income      
Total noninterest income 647 850 946
Other      
Noninterest Income      
Total noninterest income $ 952 $ 1,199 $ 608

Source