v3.24.0.1
Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income      
Loans $ 18,299 $ 11,795 $ 9,007
Investment securities 3,545 2,726 1,834
Other 2,464 915 293
Total interest income 24,308 15,436 11,134
Interest Expense      
Deposits 6,609 1,267 126
Borrowed funds 3,783 1,155 361
Total interest expense 10,392 2,422 487
Net interest income 13,916 13,014 10,647
Noninterest Income      
Total noninterest income 7,574 8,106 8,564
Total revenue 21,490 21,120 19,211
Provision For (Recapture of) Credit Losses 742 477 (779)
Noninterest Expense      
Personnel 7,428 7,244 7,141
Occupancy 982 992 940
Equipment 1,411 1,395 1,411
Marketing 350 355 319
Other 3,841 3,184 3,191
Total noninterest expense 14,012 13,170 13,002
Income before income taxes and noncontrolling interests 6,736 7,473 6,988
Income taxes 1,089 1,360 1,263
Net income (loss) 5,647 6,113 5,725
Less: Net income attributable to noncontrolling interests 69 72 51
Preferred stock dividends 417 301 233
Preferred stock discount accretion and redemptions 8 5 5
Net income attributable to common shareholders $ 5,153 $ 5,735 $ 5,436
Earnings Per Common Share      
Basic earnings per common share (in dollars per share) $ 12.80 $ 13.86 $ 12.71
Diluted (in dollars per share) $ 12.79 $ 13.85 $ 12.70
Average Common Shares Outstanding      
Basic (shares) 401 412 426
Diluted (shares) 401 412 426
Asset management and brokerage      
Noninterest Income      
Total noninterest income $ 1,412 $ 1,444 $ 1,438
Capital markets and advisory      
Noninterest Income      
Total noninterest income 952 1,296 1,577
Card and cash management      
Noninterest Income      
Total noninterest income 2,733 2,633 2,398
Lending and deposit services      
Noninterest Income      
Total noninterest income 1,233 1,134 1,102
Residential and commercial mortgage      
Noninterest Income      
Total noninterest income 625 647 850
Other      
Noninterest Income      
Total noninterest income $ 619 $ 952 $ 1,199

Source