v3.25.1
Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Loans $ 4,472 $ 4,819
Investment securities 1,124 883
Other 534 798
Total interest income 6,130 6,500
Interest Expense    
Deposits 1,808 2,077
Borrowed funds 846 1,159
Total interest expense 2,654 3,236
Net interest income 3,476 3,264
Noninterest Income    
Asset management and brokerage 391 364
Capital markets and advisory 306 259
Card and cash management 692 671
Lending and deposit services 316 305
Residential and commercial mortgage 134 147
Other 137 135
Total noninterest income 1,976 1,881
Total revenue 5,452 5,145
Provision For Credit Losses 219 155
Noninterest Expense    
Personnel 1,890 1,794
Occupancy 245 244
Equipment 384 341
Marketing 85 64
Other 783 891
Total noninterest expense 3,387 3,334
Income before income taxes and noncontrolling interests 1,846 1,656
Income taxes 347 312
Net income 1,499 1,344
Less: Net income attributable to noncontrolling interests 18 14
Preferred stock dividends 71 81
Preferred stock discount accretion and redemptions 2 2
Net income attributable to common shareholders $ 1,408 $ 1,247
Earnings Per Common Share    
Basic (in dollars per share) $ 3.52 $ 3.10
Diluted (in dollars per share) $ 3.51 $ 3.10
Average Common Shares Outstanding    
Basic (in shares) 398 400
Diluted (in shares) 398 400

Source