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, 2017
Mar. 31, 2016
Interest income    
Loans and leases $ 8,754 $ 8,260
Debt securities 2,541 2,517
Federal funds sold and securities borrowed or purchased under agreements to resell 439 276
Trading account assets 1,076 1,179
Other interest income 900 776
Total interest income 13,710 13,008
Interest expense    
Deposits 282 225
Short-term borrowings 647 613
Trading account liabilities 264 292
Long-term debt 1,459 1,393
Total interest expense 2,652 2,523
Net interest income 11,058 10,485
Noninterest income    
Card income 1,449 1,430
Service charges 1,918 1,837
Investment and brokerage services 3,262 3,182
Investment banking income 1,584 1,153
Trading account profits 2,331 1,662
Mortgage banking income 122 433
Gains on sales of debt securities 52 190
Other income 472 418
Total noninterest income 11,190 10,305
Total revenue, net of interest expense 22,248 20,790
Provision for credit losses 835 997
Noninterest expense    
Personnel 9,158 8,852
Occupancy 1,000 1,028
Equipment 438 463
Marketing 332 419
Professional fees 456 425
Amortization of intangibles 162 187
Data processing 794 838
Telecommunications 191 173
Other general operating 2,317 2,431
Total noninterest expense 14,848 14,816
Income before income taxes 6,565 4,977
Income tax expense 1,709 1,505
Net income 4,856 3,472
Preferred stock dividends 502 457
Net income applicable to common shareholders $ 4,354 $ 3,015
Per common share information    
Earnings (in dollars per share) $ 0.43 $ 0.29
Diluted earnings (in dollars per share) 0.41 0.28
Dividends paid (in dollars per share) $ 0.075 $ 0.05
Average common shares issued and outstanding (in thousands) (in shares) 10,099,557 10,370,094
Average diluted common shares issued and outstanding (in thousands) (in shares) 10,914,815 11,100,067