Net fee and commission income (Tables)

6 Months Ended

Jun. 30, 2024

Net fee And Commission Income [Line Items]

Net fee and commission income

For the quarter ended

Year-to-date

USD m

30.6.24

31.3.24

30.6.23

30.6.24

30.6.23

Underwriting fees

235

224

131

458

280

M&A and corporate finance fees

262

234

156

496

335

Brokerage fees

1,095

1,019

800

2,115

1,681

Investment fund fees

1,358

1,201

1,179

2,559

2,357

Portfolio management and related services

2,678

2,456

2,254

5,134

4,464

Other

562

472

487

1,034

967

Total fee and commission income

1

6,190

5,607

5,008

11,797

10,083

of which: recurring

4,076

3,668

3,496

7,744

6,909

of which: transaction-based

2,089

1,915

1,504

4,004

3,143

of which: performance-based

25

24

7

49

31

Fee and commission expense

589

458

419

1,047

866

Net fee and commission income

5,601

5,148

4,589

10,750

9,217

1 Reflects third-party fee and commission income for the second quarter of 2024 of USD

3,697

m for Global Wealth Management (first quarter of 2024: USD

3,489

m; second quarter of 2023: USD

3,117

m), USD

589

m

for Personal & Corporate Banking (first quarter of 2024: USD

489

m; second quarter of 2023: USD

469

m), USD

774

m for Asset Management (first quarter of 2024: USD

656

m; second quarter of 2023: USD

664

m),

USD

1,110

m for the Investment Bank (first quarter of 2024: USD

975

m; second quarter of 2023: USD

780

m), negative USD

22

m for Group Items (first quarter of 2024: negative USD

5

m; second quarter of 2023:

negative USD

22

m) and USD

42

m for Non-core and Legacy (first quarter of 2024: USD

3

m; second quarter of 2023: USD

0

m). Comparative-period information has been restated for changes in business division

perimeters, Group Treasury allocations and Non-core and Legacy cost allocations. Refer to Note 3 for more information.