Price/Valuation

Share Price.....$81 7/8
Market Cap.....$14,994.48
Price/Book.....4.39
Price/ Tangible Book.....4.69
BVPS.....$16.13
Price/Assets.....26.75%
Price/Net Loans.....37.02%
Price/Deposits.....40.81%
Price/Tangible Assets.....26.85%
Price/Revenues.....5.14

P/E.....22.40
Amortization-Adjusted P/E.....22.00
Discount/Premium to Group.....17.9%
EPS.....$3.16
Cash EPS.....$3.22
Diluted Sharecount.....211.69
1998 EPS Estimate.....$3.47
1999 EPS Estimate.....$3.88
Multiple on 1998 Est......23.60
Multiple on 1999 Est......21.10
Amort-Adjusted Multiple on.....199920.79
Discount/Premium to Group.....30.0%

Capital Productivity/Efficiency

Asset Turnover2.....5.47%
Asset Turnover.....5.45%
ROE2.....20.96%
ROE.....20.58%
Amortization Adjusted ROE.....22.52%
ROA.....1.27%
ROA2.....1.278%
Net margin2.....23.37%
Net Margin.....22.95%
Efficiency Ratio.....59.32%
Interest Income/AEA.....7.03%
Interest Expense/AEA.....3.42%
Net Interest Margin.....3.61%
Net Share Buybacks (Including preferred).....$431.1
Dividends on Common.....$199.8
Retention Rate.....70.69%
Payout Ratio on Amort. Adjusted Earnings.....29.31%
Internal Capital Generation Rate.....15.92%
Owners' Yield.....4.21%

Balance Sheet

Cash & Nonearning Assets.....$7,782.5
Cash & Nonearning Last Year.....$6,691.8
Long Term Debt.....$4,189.4
Shareholder's Equity.....$3,415.3
Last Year Equity.....$3,091.0
Tangible Equity.....$3,195.9
Last Year Tangible Equity.....$2,859.4
Tangible Assets.....$55,838.2
Last Year Tangible Assets.....$50,806.55
Total Assets.....$56,057.6
Last Year Assets.....$51,038.2
Total Liabilities.....$52,642.3
Goodwill.....$219.4
Last Year's Goodwill.....$231.6
Gross Loans.....$41,264.0
Loan Loss Reserves.....$758.49
Loan Loss Reserves %.....1.84%

Leverage

Equity/Tangible Assets.....6.12%
Average Equity/Average Assets.....6.08%
Average Equity/Average Assets (Tangible).....5.68%
Assets/Equity.....16.46
Avg. Assets/Avg. Equity (Tangible).....17.61
Loans to Deposits.....112.30%
LT Debt/Equity.....122.67%
Leveraged Capital Ratio.....6.94%
Tier 1 Capital Ratio.....7.63%
Total Risk Based Capital Ratio.....13.04%

Income Statement

Revenues.....$2,917.06
Interest Income (TTM).....$3,747.1
Interest Expense (TTM).....$1,824.7
Net Interest Income.....$1,922.3
Provision for Loan Losses.....$119.48
Noninterest Income (TTM).....$994.8
Noninterest Expense (TTM).....$1,742.66
Net Income for Common (TTM).....$669.50
Amortization Adjusted Earnings.....$681.70
Noninterest income/interest income.....26.5%
Noninterest income/revenues.....34.10%
Noninterest income/NII.....51.75%
Amort. Adjusted Net/Revs......23.37%
Amortization of Goodwill.....$12.20

Credit Quality

Nonperforming Loans.....$130.70
Nonperforming Assets.....$162.1
Loan Loss Provision/Net Interest Income.....6.22%
Loan Loss Provision/Gross Loans.....0.29%
Charge Offs.....$150.10
Recoveries.....$54.70
Net Charge Offs.....$95.40
Nonperforming Assets Ratio.....0.39%
Reserves/Nonperforming Loans.....467.91%
Months Charge-Offs in Reserves.....60.6
Loan Loss Provision/Net Charge Offs.....125.24%

Deposits

Deposits.....$36,744.6
Noninterest bearing deposits.....$8,524.4
Noninterest bearing deposits last year.....$8,176.6
Noninterest deposits/deposits.....23.20%
Deposits/Liabilities.....69.80%
Non Jumbo/Jumbo CDs.....2.1

Risk-Based Capital Productivity

ROE2*Tier1.....15.99
Leverage*Turns*Net Margin2.....1.06