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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Interest and fees on loans and leases $ 2,607 $ 1,881 $ 4,900 $ 3,696
Interest on securities 598 458 1,099 910
Interest on other short-term investments 167 145 345 311
Total interest income 3,372 2,484 6,344 4,917
Interest Expense        
Interest on deposits 891 732 1,705 1,476
Interest on short-term borrowings 38 61 43 119
Interest on long-term debt 228 196 447 390
Total interest expense 1,157 989 2,195 1,985
Net Interest Income 2,215 1,495 4,149 2,932
Provision for credit losses 129 173 356 347
Net Interest Income After Provision for Credit Losses 2,086 1,322 3,793 2,585
Noninterest Income        
Wealth and asset management revenue 256 166 489 338
Commercial payments revenue 254 152 472 305
Consumer banking revenue 161 147 307 284
Capital markets fees 154 90 287 179
Commercial banking revenue 125 79 230 160
Mortgage banking net revenue 39 56 83 113
Other noninterest income 50 44 78 58
Securities gains, net 20 16 8 7
Total noninterest income 1,059 750 1,954 1,444
Noninterest Expense        
Compensation and benefits 1,129 698 2,539 1,447
Technology and communications 250 126 453 250
Net occupancy expense 154 83 295 171
Card and processing expense 66 22 144 43
Equipment expense 60 41 115 82
Marketing expense 65 43 114 71
Loan and lease expense 53 36 95 66
Other noninterest expense 332 215 749 438
Total noninterest expense 2,109 1,264 4,504 2,568
Income Before Income Taxes 1,036 808 1,243 1,461
Applicable income tax expense 235 180 277 319
Net Income 801 628 966 1,142
Dividends on preferred stock 38 37 75 73
Net Income Available to Common Shareholders $ 763 $ 591 $ 891 $ 1,069
Shares Disclosures        
Earnings per share - basic (in dollars per share) $ 0.84 $ 0.88 $ 1.03 $ 1.59
Earnings per share - diluted (in dollars per share) $ 0.83 $ 0.88 $ 1.02 $ 1.58
Average common shares outstanding - basic (in shares) 911,612,858 670,787,224 868,604,806 670,919,040
Average common shares outstanding - diluted (in shares) 915,959,377 674,034,313 873,353,249 675,031,656