interest income on an FTE basis for the business segments, All Other and the total Corporation) for the three and nine months ended September 30, 2020 and 2019, and total assets at September 30, 2020 and 2019 for each business segment, as well as All Other, including a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet.



Results of Business Segments and All Other

At and for the three months ended September 30	Total Corporation (1)					Consumer Banking			Global Wealth & Investment Management
(Dollars in millions)		2020		2019			2020		2019		2020		2019
Net interest income		$	10,243	$	12,335		$	5,890	$	7,031	$	1,237	$	1,609
Noninterest income		10,207		10,620			2,149		2,693		3,309		3,295
Total revenue, net of interest expense		20,450		22,955			8,039		9,724		4,546		4,904
Provision for credit losses		1,389		779			479		917		24		37
Noninterest expense		14,401		15,169			4,842		4,399		3,530		3,414
Income before income taxes		4,660		7,007			2,718		4,408		992		1,453
Income tax expense		(221)		1,230			666		1,080		243		356
Net income		$	4,881	$	5,777		$	2,052	$	3,328	$	749	$	1,097
Period-end total assets		$	2,738,452	$	2,426,330		$	947,513	$	788,814	$	337,576	$	288,332

	Global Banking					Global Markets			All Other
		2020		2019			2020		2019		2020		2019
Net interest income		$	2,028	$	2,617		$	1,108	$	1,016	$	(20)	$	62
Noninterest income		2,489		2,595			3,175		2,847		(915)		(810)
Total revenue, net of interest expense		4,517		5,212			4,283		3,863		(935)		(748)
Provision for credit losses		883		120			21		—		(18)		(295)
Noninterest expense		2,365		2,219			3,104		2,677		560		2,460
Income before income taxes		1,269		2,873			1,158		1,186		(1,477)		(2,913)
Income tax expense		343		776			301		338		(1,774)		(1,320)
Net income		$	926	$	2,097		$	857	$	848	$	297	$	(1,593)
Period-end total assets		$	553,776	$	452,642		$	676,242	$	689,029	$	223,345	$	207,513

(1)There were no material intersegment revenues.



Results of Business Segments and All Other

At and for the nine months ended September 30	Total Corporation (1)					Consumer Banking			Global Wealth & Investment Management
(Dollars in millions)		2020		2019			2020		2019		2020		2019
Net interest income		$	33,493	$	37,201		$	18,743	$	21,253	$	4,186	$	4,917
Noninterest income		32,322		32,144			6,277		7,820		9,721		9,708
Total revenue, net of interest expense		65,815		69,345			25,020		29,073		13,907		14,625
Provision for credit losses		11,267		2,649			5,761		2,838		349		63
Noninterest expense		41,286		41,661			14,071		13,178		10,593		10,302
Income before income taxes		13,262		25,035			5,188		13,057		2,965		4,260
Income tax expense		838		4,599			1,271		3,199		726		1,044
Net income		$	12,424	$	20,436		$	3,917	$	9,858	$	2,239	$	3,216
Period-end total assets		$	2,738,452	$	2,426,330		$	947,513	$	788,814	$	337,576	$	288,332

	Global Banking					Global Markets			All Other
		2020		2019			2020		2019		2020		2019
Net interest income		$	7,003	$	8,116		$	3,558	$	2,780	$	3	$	135
Noninterest income		7,205		7,226			11,301		9,409		(2,182)		(2,019)
Total revenue, net of interest expense		14,208		15,342			14,859		12,189		(2,179)		(1,884)
Provision for credit losses		4,849		356			233		(18)		75		(590)
Noninterest expense		6,910		6,697			8,598		8,109		1,114		3,375
Income before income taxes		2,449		8,289			6,028		4,098		(3,368)		(4,669)
Income tax expense		661		2,238			1,567		1,168		(3,387)		(3,050)
Net income		$	1,788	$	6,051		$	4,461	$	2,930	$	19	$	(1,619)
Period-end total assets		$	553,776	$	452,642		$	676,242	$	689,029	$	223,345	$	207,513

(1)There were no material intersegment revenues.

The tables below present noninterest income and the associated components for the three and nine months ended September 30, 2020 and 2019 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income.



Noninterest Income by Business Segment and All Other

	Total Corporation				Consumer Banking				Global Wealth & Investment Management
	Three Months Ended September 30
(Dollars in millions)	2020		2019		2020		2019		2020		2019
Fees and commissions:
Card income
Interchange fees	$	1,172	$	963	$	840	$	802	$	10	$	13
Other card income	396		502		381		487		11		12
Total card income	1,568		1,465		1,221		1,289		21		25
Service charges
Deposit-related fees	1,515		1,690		837		1,098		18		16
Lending-related fees	302		285		—		—		—		—
Total service charges	1,817		1,975		837		1,098		18		16
Investment and brokerage services
Asset management fees	2,740		2,597		37		36		2,706		2,571
Brokerage fees	883		897		31		38		399		430
Total investment and brokerage services	3,623		3,494		68		74		3,105		3,001
Investment banking fees
Underwriting income	1,239		740		—		—		93		89
Syndication fees	133		341		—		—		—		—
Financial advisory services	397		452		—		—		—		—
Total investment banking fees	1,769		1,533		—		—		93		89
Total fees and commissions	8,777		8,467		2,126		2,461		3,237		3,131
Market making and similar activities	1,689		2,118		—		1		13		27
Other income (loss)	(259)		35		23		231		59		137
Total noninterest income	$	10,207	$	10,620	$	2,149	$	2,693	$	3,309	$	3,295


	Global Banking				Global Markets				All Other (1)
	Three Months Ended September 30
	2020		2019		2020		2019		2020		2019
Fees and commissions:
Card income
Interchange fees	$	153	$	130	$	169	$	18	$	—	$	—
Other card income	3		3		—		—		1		—
Total card income	156		133		169		18		1		—
Service charges
Deposit-related fees	597		533		53		38		10		5
Lending-related fees	248		230		55		54		(1)		1
Total service charges	845		763		108		92		9		6
Investment and brokerage services
Asset management fees	—		—		—		—		(3)		(10)
Brokerage fees	15		9		440		419		(2)		1
Total investment and brokerage services	15		9		440		419		(5)		(9)
Investment banking fees
Underwriting income	536		312		644		382		(34)		(43)
Syndication fees	78		163		55		178		—		—
Financial advisory services	356		427		40		25		1		—
Total investment banking fees	970		902		739		585		(33)		(43)
Total fees and commissions	1,986		1,807		1,456		1,114		(28)		(46)
Market making and similar activities	16		85		1,726		1,580		(66)		425
Other income (loss)	487		703		(7)		153		(821)		(1,189)
Total noninterest income	$	2,489	$	2,595	$	3,175	$	2,847	$	(915)	$	(810)

(1)All Other includes eliminations of intercompany transactions.



Noninterest Income by Business Segment and All Other

	Total Corporation				Consumer Banking				Global Wealth & Investment Management
	Nine Months Ended September 30
(Dollars in millions)	2020		2019		2020		2019		2020		2019
Fees and commissions:
Card income
Interchange fees	$	2,794	$	2,827	$	2,129	$	2,334	$	26	$	42
Other card income	1,295		1,459		1,255		1,420		30		31
Total card income	4,089		4,286		3,384		3,754		56		73
Service charges
Deposit-related fees	4,441		4,908		2,538		3,163		49		50
Lending-related fees	841		809		—		—		—		—
Total service charges	5,282		5,717		2,538		3,163		49		50
Investment and brokerage services
Asset management fees	7,905		7,591		108		108		7,811		7,510
Brokerage fees	2,898		2,733		96		115		1,270		1,295
Total investment and brokerage services	10,803		10,324		204		223		9,081		8,805
Investment banking fees
Underwriting income	3,610		2,198		—		—		292		296
Syndication fees	634		887		—		—		—		—
Financial advisory services	1,072		1,083		—		—		—		—
Total investment banking fees	5,316		4,168		—		—		292		296
Total fees and commissions	25,490		24,495		6,126		7,140		9,478		9,224
Market making and similar activities	6,983		7,267		2		5		52		90
Other income (loss)	(151)		382		149		675		191		394
Total noninterest income	$	32,322	$	32,144	$	6,277	$	7,820	$	9,721	$	9,708


	Global Banking				Global Markets				All Other (1)
	Nine Months Ended September 30
	2020		2019		2020		2019		2020		2019
Fees and commissions:
Card income
Interchange fees	$	337	$	390	$	301	$	61	$	1	$	—
Other card income	10		8		—		—		—		—
Total card income	347		398		301		61		1		—
Service charges
Deposit-related fees	1,694		1,557		134		120		26		18
Lending-related fees	685		668		156		141		—		—
Total service charges	2,379		2,225		290		261		26		18
Investment and brokerage services
Asset management fees	—		—		—		—		(14)		(27)
Brokerage fees	45		26		1,487		1,296		—		1
Total investment and brokerage services	45		26		1,487		1,296		(14)		(26)
Investment banking fees
Underwriting income	1,607		917		1,880		1,147		(169)		(162)
Syndication fees	357		427		277		461		—		(1)
Financial advisory services	948		984		123		99		1		—
Total investment banking fees	2,912		2,328		2,280		1,707		(168)		(163)
Total fees and commissions	5,683		4,977		4,358		3,325		(155)		(171)
Market making and similar activities	88		190		7,059		5,623		(218)		1,359
Other income (loss)	1,434		2,059		(116)		461		(1,809)		(3,207)
Total noninterest income	$	7,205	$	7,226	$	11,301	$	9,409	$	(2,182)	$	(2,019)

(1)All Other includes eliminations of intercompany transactions.



Business Segment Reconciliations

	Three Months Ended September 30				Nine Months Ended September 30
(Dollars in millions)	2020		2019		2020		2019
Segments’ total revenue, net of interest expense	$	21,385	$	23,703	$	67,994	$	71,229
Adjustments (1):
ALM activities	(168)		(221)		425		(175)
Liquidating businesses, eliminations and other	(767)		(527)		(2,604)		(1,709)
FTE basis adjustment	(114)		(148)		(386)		(450)
Consolidated revenue, net of interest expense	$	20,336	$	22,807	$	65,429	$	68,895
Segments’ total net income	4,584		7,370		12,405		22,055
Adjustments, net-of-tax (1):
ALM activities	(127)		(158)		316		(112)
Liquidating businesses, eliminations and other	424		(1,435)		(297)		(1,507)
Consolidated net income	$	4,881	$	5,777	$	12,424	$	20,436

					September 30
					2020		2019
Segments’ total assets					$	2,515,107	$	2,218,817
Adjustments (1):
ALM activities, including securities portfolio					1,018,385		686,301
Elimination of segment asset allocations to match liabilities					(857,787)		(546,529)

Other					62,747		67,741
Consolidated total assets					$	2,738,452	$	2,426,330

(1)Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.