Consolidated statements of income Year ended December 31, (in millions, except per share data) 2018 2017 2016 Revenue Investment banking fees $ 7,550 $ 7,412 $ 6,572 Principal transactions 12,059 11,347 11,566 Lending- and deposit-related fees 6,052 5,933 5,774 Asset management, administration and commissions 17,118 16,287 15,364 Investment securities gains/(losses) (395) (66) 141 Mortgage fees and related income 1,254 1,616 2,491 Card income 4,989 4,433 4,779 Other income 5,343 3,646 3,799 Noninterest revenue 53,970 50,608 50,486 Interest income 77,442 64,372 55,901 Interest expense 22,383 14,275 9,818 Net interest income 55,059 50,097 46,083 Total net revenue 109,029 100,705 96,569 Provision for credit losses 4,871 5,290 5,361 Noninterest expense Compensation expense 33,117 31,208 30,203 Occupancy expense 3,952 3,723 3,638 Technology, communications and equipment expense 8,802 7,715 6,853 Professional and outside services 8,502 7,890 7,526 Marketing 3,290 2,900 2,897 Other expense 5,731 6,079 5,555 Total noninterest expense 63,394 59,515 56,672 Income before income tax expense 40,764 35,900 34,536 Income tax expense 8,290 11,459 9,803 Net income $ 32,474 $ 24,441 $ 24,733 Net income applicable to common stockholders $ 30,709 $ 22,567 $ 22,834 Net income per common share data Basic earnings per share $ 9.04 $ 6.35 $ 6.24 Diluted earnings per share 9.00 6.31 6.19 Weighted-average basic shares 3,396.4 3,551.6 3,658.8 Weighted-average diluted shares 3,414.0 3,576.8 3,690.0 Effective January 1, 2018, the Firm adopted several new accounting standards. Certain of the new accounting standards were applied retrospectively and, accordingly, prior period amounts were revised. For additional information, refer to Note 1. The Notes to Consolidated Financial Statements are an integral part of these statements. JPMorgan Chase & Co./2018 Form 10-K 150