v3.24.1.u1
Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Loans $ 4,819 $ 4,258
Investment securities 883 885
Other 798 516
Total interest income 6,500 5,659
Interest Expense    
Deposits 2,077 1,291
Borrowed funds 1,159 783
Total interest expense 3,236 2,074
Net interest income 3,264 3,585
Noninterest Income    
Total noninterest income 1,881 2,018
Total revenue 5,145 5,603
Provision For Credit Losses 155 235
Noninterest Expense    
Personnel 1,794 1,826
Occupancy 244 251
Equipment 341 350
Marketing 64 74
Other 891 820
Total noninterest expense 3,334 3,321
Income (loss) before income taxes (benefit) and noncontrolling interests 1,656 2,047
Income taxes 312 353
Net income 1,344 1,694
Less: Net income (loss) attributable to noncontrolling interests 14 17
Preferred stock dividends 81 68
Preferred stock discount accretion and redemptions 2 2
Net income attributable to common shareholders $ 1,247 $ 1,607
Earnings Per Common Share    
Basic earnings per common share (in dollars per share) $ 3.10 $ 3.98
Diluted earnings per common share (in dollars per share) $ 3.10 $ 3.98
Average Common Shares Outstanding    
Basic (in shares) 400 401
Diluted (in shares) 400 402
Asset management and brokerage    
Noninterest Income    
Total noninterest income $ 364 $ 356
Capital markets and advisory    
Noninterest Income    
Total noninterest income 259 262
Card and cash management    
Noninterest Income    
Total noninterest income 671 659
Lending and deposit services    
Noninterest Income    
Total noninterest income 305 306
Residential and commercial mortgage    
Noninterest Income    
Total noninterest income 147 177
Other    
Noninterest Income    
Total noninterest income $ 135 $ 258

Source