Net fee and commission income

6 Months Ended

Jun. 30, 2024

Net fee And Commission Income [Line Items]

Net fee and commission income

Note 5 Net fee and commission income

For the quarter ended

Year-to-date

USD m

30.6.24

31.3.24

30.6.23

1

30.6.24

30.6.23

1

Underwriting fees

233

194

153

427

280

M&A and corporate finance fees

272

259

199

530

378

Brokerage fees

1,144

1,150

930

2,295

1,809

Investment fund fees

1,401

1,257

1,196

2,658

2,374

Portfolio management and related services

3,071

3,051

2,485

6,121

4,695

Other

1,090

1,169

672

2,259

1,151

Total fee and commission income

2

7,211

7,080

5,635

14,291

10,688

of which: recurring

4,484

4,407

3,789

8,891

7,201

of which: transaction-based

2,697

2,641

1,836

5,338

3,452

of which: performance-based

30

32

10

62

34

Fee and commission expense

679

588

507

1,268

954

Net fee and commission income

6,531

6,492

5,128

13,023

9,734

1 Comparative-period information has been revised. Refer to Note 2 for more information. 2 Includes third-party fee and commission income for the second quarter of 2024 of USD

4,011

m for Global Wealth

Management (first quarter of 2024: USD

3,986

m; second quarter of 2023: USD

3,333

m), USD

876

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

708

m; second quarter of 2023: USD

554

m),

USD

924

m for Asset Management (first quarter of 2024: USD

941

m; second quarter of 2023: USD

753

m), USD

1,322

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

1,332

m; second quarter of 2023: USD

851

m),

USD

125

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

108

m; second quarter of 2023: USD

70

m) and negative USD

47

m for Group Items (first quarter of 2024: USD

5

m; second quarter of 2023: USD

74

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.