Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
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| Net interest income | ||||
| Interest income | $ 11,486 | $ 17,916 | $ 40,124 | $ 54,310 |
| Interest expense | 1,357 | 5,729 | 7,017 | 17,559 |
| Net interest income | 10,129 | 12,187 | 33,107 | 36,751 |
| Noninterest income | ||||
| Fees and commissions | 8,777 | 8,467 | 25,490 | 24,495 |
| Market making and similar activities | 1,689 | 2,118 | 6,983 | 7,267 |
| Other income | (259) | 35 | (151) | 382 |
| Total noninterest income | 10,207 | 10,620 | 32,322 | 32,144 |
| Total revenue, net of interest expense | 20,336 | 22,807 | 65,429 | 68,895 |
| Provision for credit losses | 1,389 | 779 | 11,267 | 2,649 |
| Noninterest expense | ||||
| Compensation and benefits | 8,200 | 7,779 | 24,535 | 24,000 |
| Occupancy and equipment | 1,798 | 1,663 | 5,302 | 4,908 |
| Information processing and communications | 1,333 | 1,163 | 3,807 | 3,484 |
| Product delivery and transaction related | 930 | 696 | 2,518 | 2,067 |
| Marketing | 308 | 440 | 1,238 | 1,410 |
| Professional fees | 450 | 386 | 1,206 | 1,155 |
| Other general operating | 1,382 | 3,042 | 2,680 | 4,637 |
| Total noninterest expense | 14,401 | 15,169 | 41,286 | 41,661 |
| Income before income taxes | 4,546 | 6,859 | 12,876 | 24,585 |
| Income tax expense | (335) | 1,082 | 452 | 4,149 |
| Net income | 4,881 | 5,777 | 12,424 | 20,436 |
| Preferred stock dividends | 441 | 505 | 1,159 | 1,186 |
| Net income applicable to common shareholders | $ 4,440 | $ 5,272 | $ 11,265 | $ 19,250 |
| Per common share information | ||||
| Earnings (in dollars per share) | $ 0.51 | $ 0.57 | $ 1.29 | $ 2.02 |
| Diluted earnings (in dollars per share) | $ 0.51 | $ 0.56 | $ 1.28 | $ 2.01 |
| Average common shares issued and outstanding (in shares) | 8,732.9 | 9,303.6 | 8,762.6 | 9,516.2 |
| Average diluted common shares issued and outstanding (in shares) | 8,777.5 | 9,353.0 | 8,800.5 | 9,565.7 |
| X | ||||||||||
- Definition Fees And Commissions1 No definition available.
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- Definition Financing Receivable And Off-Balance Sheet Liability, Credit Loss Provision (Reversal) No definition available.
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- Definition Expenses related to activities that support revenue generating transactions and delivery of services to customers, such as brokerage, loan, collection and foreclosure costs, postage and supplies and certain card processing costs. No definition available.
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- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) resulting from the difference between the acquisition price and the selling price or fair value of trading assets and trading liabilities, conducted separately from customer trading activities. Includes, but is not limited to, changes in fair value of trading assets and trading liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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