Overview Financials News + Filings IR Vault Key Docs Charts Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Fee revenue: | | | | | | | | |
| Servicing fees | 5,549.0 | 5,167.0 | 5,074.0 | 5,421.0 | 5,365.0 | 5,073.0 | | |
| Management fees | 2,053.0 | 1,880.0 | 1,824.0 | 1,899.0 | 1,616.0 | 1,292.0 | 1,174.0 | 1,207.0 |
| Foreign exchange trading services | 1,211.0 | 1,363.0 | 1,058.0 | 1,153.0 | 1,071.0 | 1,099.0 | | |
| Securities finance | 416.0 | 356.0 | 471.0 | 543.0 | 606.0 | 562.0 | | |
| Software and processing fees | 783.0 | 733.0 | 720.0 | 438.0 | 343.0 | | | |
| Other fee revenue | 110.0 | | | | | | | |
| Total fee revenue | 10,012.0 | 9,499.0 | 9,147.0 | 9,454.0 | 9,001.0 | 8,116.0 | 5,461.0 | 5,291.0 |
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| Net interest income: | | | | | | | | |
| Interest income | 1,908.0 | 2,575.0 | 3,941.0 | 3,662.0 | 2,908.0 | 2,512.0 | 2,488.0 | 2,652.0 |
| Interest expense | -258.0 | 375.0 | 1,375.0 | 991.0 | 604.0 | 428.0 | 400.0 | 392.0 |
| Net interest income | 1,905.0 | 2,200.0 | 2,566.0 | 2,671.0 | 2,304.0 | 2,084.0 | 2,088.0 | 2,260.0 |
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| Other income: | | | | | | | | |
| Total revenue | 11,950.0 | 11,611.0 | 11,703.0 | 12,110.0 | 11,303.0 | 10,190.0 | 7,537.0 | 7,541.0 |
| Total revenue growth | 2.9% | -0.8% | -3.4% | 7.1% | 10.9% | 35.2% | -0.1% | 3.5% |
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| Expenses: | | | | | | | | |
| Compensation and employee benefits | 4,554.0 | 4,450.0 | 4,541.0 | 4,780.0 | 4,394.0 | 4,353.0 | 4,061.0 | 4,060.0 |
| Information systems and communications | 1,661.0 | 1,550.0 | 1,465.0 | 1,324.0 | 1,167.0 | 1,105.0 | 1,022.0 | 976.0 |
| Transaction processing services | 1,024.0 | 978.0 | 983.0 | 985.0 | 838.0 | 800.0 | 793.0 | 784.0 |
| Occupancy | 444.0 | 489.0 | 470.0 | 500.0 | 461.0 | 440.0 | 444.0 | 461.0 |
| Acquisition and restructuring costs | 65.0 | 50.0 | 77.0 | 24.0 | 266.0 | 209.0 | 25.0 | 133.0 |
| Amortization of other intangible assets | 245.0 | 234.0 | 236.0 | 226.0 | 214.0 | 207.0 | 197.0 | 222.0 |
| Other | 896.0 | 965.0 | 1,262.0 | 1,176.0 | 929.0 | 963.0 | 1,018.0 | |
| Total expenses | 8,889.0 | 8,716.0 | 9,034.0 | 9,015.0 | 8,269.0 | 8,077.0 | 8,050.0 | 7,827.0 |
| Income tax expense | 478.0 | 479.0 | 470.0 | 508.0 | 839.0 | -22.0 | 318.0 | 415.0 |
| Net income | 2,693.0 | 2,420.0 | 2,242.0 | 2,593.0 | 2,156.0 | 2,143.0 | 1,980.0 | 2,022.0 |
| Net income available to common shareholders, diluted | 2,572.0 | 2,257.0 | 2,009.0 | 2,404.0 | 1,972.0 | 1,968.0 | 1,848.0 | 1,958.0 |
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| Earnings per common share: | | | | | | | | |
| Basic (in USD per share) | $7.30 | $6.40 | $5.43 | $6.46 | $5.26 | $5.03 | $4.53 | $4.62 |
| Diluted (in USD per share) | $7.19 | $6.32 | $5.38 | $6.39 | $5.19 | $4.97 | $4.47 | $4.53 |
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| Average common shares outstanding (in thousands): | | | | | | | | |
| Basic (in shares) | 352.6 | 352.9 | 369.9 | 372.0 | 374.8 | 391.5 | 407.9 | 424.2 |
| Diluted (in shares) | 358.0 | 357.1 | 373.7 | 376.5 | 380.2 | 396.1 | 413.6 | 432.0 |
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| Cash dividends declared (in USD per share) | $2.18 | $2.08 | $1.98 | $1.78 | $1.60 | $1.44 | $1.32 | $1.16 |
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