Business Segments (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment results and reconciliation

Segment results and reconciliation(a)
As of or for the three months ended March 31, (in millions, except ratios)	Consumer & Community Banking				Corporate & Investment Bank					Commercial Banking				Asset Management
	2016		2015		2016		2015			2016		2015		2016		2015
Noninterest revenue	$	3,806	$	3,736	$	5,534	$	7,074		$	556	$	636	$	2,245	$	2,384
Net interest income	7,311		6,968		2,601		2,508			1,247		1,106		727		621
Total net revenue	11,117		10,704		8,135		9,582			1,803		1,742		2,972		3,005
Provision for credit losses	1,050		930		459		(31		)	304		61		13		4
Noninterest expense	6,088		6,190		4,808		5,657			713		709		2,075		2,175
Income before income tax expense	3,979		3,584		2,868		3,956			786		972		884		826
Income tax expense	1,489		1,365		889		1,419			290		374		297		324
Net income	$	2,490	$	2,219	$	1,979	$	2,537		$	496	$	598	$	587	$	502
Average common equity	$	51,000	$	51,000	$	64,000	$	62,000		$	16,000	$	14,000	$	9,000	$	9,000
Total assets	505,071		455,624		801,053		854,275			204,602		197,931		131,276		126,233
Return on common equity	19%		17%		11%		16%			11%		17%		25%		22%
Overhead ratio	55		58		59		59			40		41		70		72

As of or for the three months ended March 31, (in millions, except ratios)	Corporate						Reconciling Items(a)						Total
	2016			2015			2016			2015			2016			2015
Noninterest revenue	$	269		$	40		$	(551	)	$	(481	)	$	11,859		$	13,389
Net interest income	(213		)	(253		)	(293		)	$	(273	)	11,380			10,677
Total net revenue	56			(213		)	(844		)	$	(754	)	23,239			24,066
Provision for credit losses	(2		)	(5		)	—			—			1,824			959
Noninterest expense	153			152			—			—			13,837			14,883
Income/(loss) before income tax expense/(benefit)	(95		)	(360		)	(844		)	(754		)	7,578			8,224
Income tax expense/(benefit)	(63		)	(418		)	(844		)	(754		)	2,058			2,310
Net income/(loss)	$	(32	)	$	58		$	—		$	—		$	5,520		$	5,914
Average common equity	$	81,561		$	76,352		$	—		$	—		$	221,561		$	212,352
Total assets	781,806			942,556			NA			NA			2,423,808			2,576,619
Return on common equity	NM			NM			NM			NM			9		%	11		%
Overhead ratio	NM			NM			NM			NM			60			62

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