Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Noninterest Income | ||||||
| Trust, Investment and Other Servicing Fees | $ 1,166.1 | $ 1,096.3 | $ 2,309.0 | $ 2,159.9 | ||
| Foreign Exchange Trading Income | 58.4 | 50.1 | 115.4 | 103.1 | ||
| Treasury Management Fees | 9.0 | 7.9 | 18.3 | 16.3 | ||
| Security Commissions and Trading Income | 34.3 | 36.1 | 72.2 | 70.8 | ||
| Other Operating Income | 924.7 | 55.2 | 985.7 | 102.0 | ||
| Investment Security Gains (Losses), net | 0.1 | 0.0 | (189.3) | 6.9 | ||
| Total Noninterest Income | 2,192.6 | 1,245.6 | 3,311.3 | 2,459.0 | | |
| Net Interest Income | ||||||
| Interest Income | 2,506.5 | 1,735.0 | 4,952.1 | 3,190.4 | | |
| Interest Expense | 1,983.6 | 1,223.5 | 3,901.1 | 2,147.7 | | |
| Net Interest Income | 522.9 | 511.5 | 1,051.0 | 1,042.7 | | |
| Provision for Credit Losses | 8.0 | (15.5) | (0.5) | (0.5) | | |
| Net Interest Income after Provision for Credit Losses | 514.9 | 527.0 | 1,051.5 | 1,043.2 | ||
| Noninterest Expense | ||||||
| Compensation | 665.2 | 604.5 | 1,292.3 | 1,199.7 | ||
| Employee Benefits | 100.2 | 101.4 | 201.3 | 202.4 | ||
| Outside Services | 260.9 | 230.9 | 490.2 | 441.7 | ||
| Equipment and Software | 277.5 | 229.3 | 530.2 | 461.0 | ||
| Occupancy | 54.8 | 53.8 | 108.9 | 115.1 | ||
| Other Operating Expense | 175.3 | 112.0 | 275.7 | 197.6 | ||
| Total Noninterest Expense | 1,533.9 | 1,331.9 | 2,898.6 | 2,617.5 | | |
| Income before Income Taxes | 1,173.6 | 440.7 | 1,464.2 | 884.7 | | |
| Total NonInterest Income Expenses | 658.7 | -86.3 | 412.7 | -158.5 | 0.0 | |
| Provision for Income Taxes | 277.5 | 108.9 | 353.4 | 218.3 | | |
| Net Income | 896.1 | 331.8 | 1,110.8 | 666.4 | | |
| Preferred Stock Dividends | 4.7 | 4.7 | 20.9 | 20.9 | ||
| Net Income Applicable to Common Stock | $ 891.4 | $ 327.1 | $ 1,089.9 | $ 645.5 | ||
| Per Common Share | ||||||
| Net Income — Basic (in dollars per share) | $ 4.35 | $ 1.56 | $ 5.30 | $ 3.07 | ||
| Net Income - Diluted (in dollars per share) | $ 4.34 | $ 1.56 | $ 5.28 | $ 3.07 | ||
| Average Number of Common Shares Outstanding | ||||||
| Basic (in shares) | 203,306,236 | 207,638,671 | 203,967,516 | 207,911,242 | ||
| Diluted (in shares) | 203,738,670 | 207,816,015 | 204,436,757 | 208,270,677 | ||
| X | ||||||||||
- Definition Credit Loss Expense Reversal And Available For Sale Allowance For Credit Loss No definition available.
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- Definition Expense recognized during the period for expenses incurred related to employee benefits including pension, health plan, and other fringe benefits. No definition available.
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- Definition This element represents furniture and equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with accounting policy. In addition, this item includes the amount charged to expense for amortization of capitalized computer software costs as well as amounts incurred for software development activities that were not capitalized. No definition available.
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- Definition Expense recognized during the period for salary, share-based compensation, and other incentives incurred during the period. No definition available.
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- Definition Revenues earned for buying and selling securities on behalf of clients and other fees including fees earned for transitioning assets between investment firms, fees earned for buying and selling interest rate protection products, and other fees. No definition available.
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- Definition Fees earned from treasury management activities including disbursements and receivables management, funds transfer, and online reporting. No definition available.
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- Definition Amount of realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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://www.xbrl.org/2009/role/commonPracticeRef
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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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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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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://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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://www.xbrl.org/2003/role/disclosureRef
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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://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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