Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Income

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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income    
Loans and leases $ 8,260 $ 7,996
Debt securities 1,204 1,887
Federal funds sold and securities borrowed or purchased under agreements to resell 276 231
Trading account assets 1,179 1,083
Other interest income 776 726
Total interest income 11,695 11,923
Interest expense    
Deposits 225 220
Short-term borrowings 614 585
Trading account liabilities 292 394
Long-term debt 1,393 1,313
Total interest expense 2,524 2,512
Net interest income 9,171 9,411
Noninterest income    
Card income 1,430 1,394
Service charges 1,837 1,764
Investment and brokerage services 3,182 3,378
Investment banking income 1,153 1,487
Trading account profits 1,662 2,247
Mortgage banking income 433 694
Gains on sales of debt securities 226 268
Other income 418 271
Total noninterest income 10,341 11,503
Total revenue, net of interest expense 19,512 20,914
Provision for credit losses 997 765
Noninterest expense    
Personnel 8,852 9,614
Occupancy 1,028 1,027
Equipment 463 512
Marketing 419 440
Professional fees 425 421
Amortization of intangibles 187 213
Data processing 838 852
Telecommunications 173 171
Other general operating 2,431 2,577
Total noninterest expense 14,816 15,827
Income before income taxes 3,699 4,322
Income tax expense 1,019 1,225
Net income 2,680 3,097
Preferred stock dividends 457 382
Net income applicable to common shareholders $ 2,223 $ 2,715
Per common share information    
Earnings (in dollars per share) $ 0.21 $ 0.26
Diluted earnings (in dollars per share) 0.21 0.25
Dividends paid (in dollars per share) $ 0.05 $ 0.05
Average common shares issued and outstanding (shares, in thousands) 10,339,731 10,518,790
Average diluted common shares issued and outstanding (shares, in thousands) 11,100,067 11,266,511