v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income on:        
Loans, including fees $ 806 $ 856 $ 1,618 $ 1,723
Securities:        
Taxable 179 208 353 415
Tax-exempt            
Total securities 179 208 353 415
Loans held for sale 7 9 14 22
Trading account assets     1  
Other interest-earning assets 2 3 5 6
Total interest income 994 1,076 1,991 2,166
Interest expense on:        
Deposits 76 126 164 265
Short-term borrowings       1
Long-term borrowings 80 94 162 189
Total interest expense 156 220 326 455
Net interest income 838 856 1,665 1,711
Provision for loan losses 26 398 143 880
Net interest income after provision for loan losses 812 458 1,522 831
Non-interest income:        
Service charges on deposit accounts 233 308 487 595
Capital markets and investment income 17 19 45 50
Mortgage income 90 50 167 95
Trust department income 50 51 99 101
Securities gains, net 12 24 24 106
Other 105 91 209 176
Total non-interest income 507 543 1,031 1,123
Non-interest expense:        
Salaries and employee benefits 434 401 876 829
Net occupancy expense 92 98 186 198
Furniture and equipment expense 67 72 131 142
Other 249 385 562 719
Total non-interest expense 842 956 1,755 1,888
Income from continuing operations before income taxes 477 45 798 66
Income tax expense (benefit) 126 (34) 208 (63)
Income from continuing operations 351 79 590 129
Discontinued operations:        
Income (loss) from discontinued operations before income taxes 4 4 (61) 40
Income tax (benefit)   (26) (25) (9)
Income (loss) from discontinued operations, net of tax 4 30 (36) 49
Net income 355 109 554 178
Net income from continuing operations available to common shareholders 280 25 465 23
Net income available to common shareholders $ 284 $ 55 $ 429 $ 72
Weighted-average number of shares outstanding:        
Basic 1,414 1,258 1,348 1,257
Diluted 1,418 1,260 1,350 1,259
Earnings per common share from continuing operations:        
Basic $ 0.20 [1] $ 0.02 [1] $ 0.34 [1] $ 0.02 [1]
Diluted $ 0.20 [1] $ 0.02 [1] $ 0.34 [1] $ 0.02 [1]
Earnings per common share:        
Basic $ 0.20 [1] $ 0.04 [1] $ 0.32 [1] $ 0.06 [1]
Diluted $ 0.20 [1] $ 0.04 [1] $ 0.32 [1] $ 0.06 [1]
Cash dividends declared per common share $ 0.01 $ 0.01 $ 0.02 $ 0.02
[1] Certain per share amounts may not appear to reconcile due to rounding.