Business Segments (Tables)

12 Months Ended

Dec. 31, 2014



As of or the year ended December 31, (in millions, except ratios)	Consumer & Community Banking									Corporate & Investment Bank									Commercial Banking
	2014			2013			2012			2014			2013			2012			2014			2013			2012
Noninterest revenue	$	15,937		$	17,552		$	20,813		$	23,458		$	23,810		$	23,104		$	2,349		$	2,298		$	2,283
Net interest income	28,431			28,985			29,465			11,175			10,976			11,658			4,533			4,794			4,629
Total net revenue	44,368			46,537			50,278			34,633			34,786			34,762			6,882			7,092			6,912
Provision for credit losses	3,520			335			3,774			(161		)	(232		)	(479		)	(189		)	85			41
Noninterest expense	25,609			27,842			28,827			23,273			21,744			21,850			2,695			2,610			2,389
Income/(loss) before income tax expense/(benefit)	15,239			18,360			17,677			11,521			13,274			13,391			4,376			4,397			4,482
Income tax expense/(benefit)	6,054			7,299			6,886			4,596			4,387			4,719			1,741			1,749			1,783
Net income/(loss)	$	9,185		$	11,061		$	10,791		$	6,925		$	8,887		$	8,672		$	2,635		$	2,648		$	2,699
Average common equity	$	51,000		$	46,000		$	43,000		$	61,000		$	56,500		$	47,500		$	14,000		$	13,500		$	9,500
Total assets	455,634			452,929			467,282			861,819			843,577			876,107			195,267			190,782			181,502
Return on common equity	18		%	23		%	25		%	10		%	15		%	18		%	18		%	19		%	28		%
Overhead ratio	58			60			57			67			63			63			39			37			35


(a)	Segment managed results reflect revenue on a FTE basis with the corresponding income tax impact recorded within income tax expense/(benefit). These adjustments are eliminated in reconciling items to arrive at the Firm’s reported U.S. GAAP results.



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Asset Management									Corporate									Reconciling Items^(a)									Total
2014			2013			2012			2014			2013			2012			2014			2013			2012			2014			2013			2012
$	9,588		$	9,029		$	7,847		$	1,972		$	3,093		$	190		$	(2,733	)	$	(2,495	)	$	(2,116	)	$	50,571		$	53,287		$	52,121
2,440			2,376			2,163			(1,960		)	(3,115		)	(2,262		)	(985		)	(697		)	(743		)	43,634			43,319			44,910
12,028			11,405			10,010			12			(22		)	(2,072		)	(3,718		)	(3,192		)	(2,859		)	94,205			96,606			97,031
4			65			86			(35		)	(28		)	(37		)	—			—			—			3,139			225			3,385
8,538			8,016			7,104			1,159			10,255			4,559			—			—			—			61,274			70,467			64,729
3,486			3,324			2,820			(1,112		)	(10,249		)	(6,594		)	(3,718		)	(3,192		)	(2,859		)	29,792			25,914			28,917
1,333			1,241			1,078			(1,976		)	(3,493		)	(3,974		)	(3,718		)	(3,192		)	(2,859		)	8,030			7,991			7,633
$	2,153		$	2,083		$	1,742		$	864		$	(6,756	)	$	(2,620	)	$	—		$	—		$	—		$	21,762		$	17,923		$	21,284
$	9,000		$	9,000		$	7,000		$	72,400		$	71,409		$	77,352		$	—		$	—		$	—		$	207,400		$	196,409		$	184,352
128,701			122,414			108,999			931,705			805,987			725,251			NA			NA			NA			2,573,126			2,415,689			2,359,141
23		%	23		%	24		%	NM			NM			NM			NM			NM			NM			10		%	9		%	11		%
71			70			71			NM			NM			NM			NM			NM			NM			65			73			67

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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