v3.25.2
Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Fee revenue:        
Servicing fees $ 1,304 $ 1,239 $ 2,579 $ 2,467
Management fees 562 511 1,124 1,021
Foreign exchange trading services 431 336 793 667
Securities finance 126 108 240 204
Software and processing fees 230 214 455 421
Other fee revenue 66 48 98 98
Total fee revenue 2,719 2,456 5,289 4,878
Net interest income:        
Interest income 3,055 2,998 5,977 5,887
Interest expense 2,326 2,263 4,534 4,436
Net interest income 729 735 1,443 1,451
Total revenue 3,448 3,191 6,732 6,329
Provision for credit losses 30 10 42 37
Expenses:        
Compensation and employee benefits 1,280 1,099 2,542 2,351
Information systems and communications 523 454 1,020 886
Transaction processing services 260 250 518 498
Occupancy 105 106 208 209
Amortization of other intangible assets 56 60 110 120
Other 305 300 581 718
Total expenses 2,529 2,269 4,979 4,782
Income before income tax expense 889 912 1,711 1,510
Income tax expense 196 201 374 336
Net income 693 711 1,337 1,174
Net income available to common shareholders, basic 630 655 1,227 1,073
Net income available to common shareholders, diluted $ 630 $ 655 $ 1,227 $ 1,073
Earnings per common share:        
Basic (in USD per share) $ 2.20 $ 2.18 $ 4.27 $ 3.56
Diluted (in USD per share) $ 2.17 $ 2.15 $ 4.21 $ 3.52
Average common shares outstanding (in thousands):        
Basic (in shares) 286,281 300,564 287,415 301,278
Diluted (in shares) 290,490 304,765 291,596 305,354
Cash dividends declared (in USD per share) $ 0.76 $ 0.69 $ 1.52 $ 1.38