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Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The following tables present net income (loss) and the components thereto (with net 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, 2024 and 2023, and total assets at September 30, 2024 and 2023 for each business segment, as well as All Other.
Results of Business Segments and All Other
At and for the three months ended September 30
Total Corporation (1)
Consumer BankingGlobal Wealth & Investment Management
(Dollars in millions)202420232024202320242023
Net interest income$14,114 $14,532 $8,278 $8,391 $1,709 $1,755 
Noninterest income11,378 10,788 2,140 2,081 4,053 3,566 
Total revenue, net of interest expense25,492 25,320 10,418 10,472 5,762 5,321 
Provision for credit losses1,542 1,234 1,302 1,397 7 (6)
Noninterest expense16,479 15,838 5,534 5,256 4,340 3,950 
Income before income taxes7,471 8,248 3,582 3,819 1,415 1,377 
Income tax expense575 446 895 955 354 344 
Net income$6,896 $7,802 $2,687 $2,864 $1,061 $1,033 
Period-end total assets$3,324,293 $3,153,090 $1,026,293 $1,062,038 $328,831 $333,779 
 Global BankingGlobal MarketsAll Other
 202420232024202320242023
Net interest income$3,230 $3,613 $898 $674 $(1)$99 
Noninterest income2,604 2,590 4,732 4,268 (2,151)(1,717)
Total revenue, net of interest expense5,834 6,203 5,630 4,942 (2,152)(1,618)
Provision for credit losses229 (119)7 (14)(3)(24)
Noninterest expense2,991 2,804 3,443 3,235 171 593 
Income (loss) before income taxes2,614 3,518 2,180 1,721 (2,320)(2,187)
Income tax expense (benefit)719 950 632 473 (2,025)(2,276)
Net income (loss)$1,895 $2,568 $1,548 $1,248 $(295)$89 
Period-end total assets$650,936 $588,578 $958,227 $864,792 $360,006 $303,903 
(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 BankingGlobal Wealth & Investment Management
(Dollars in millions)202420232024202320242023
Net interest income$42,166 $43,407 $24,593 $25,421 $5,216 $5,436 
Noninterest income34,839 33,637 6,197 6,281 11,711 10,442 
Total revenue, net of interest expense77,005 77,044 30,790 31,702 16,927 15,878 
Provision for credit losses4,369 3,290 3,733 3,753 1 32 
Noninterest expense50,025 48,114 16,473 16,182 12,803 11,942 
Income before income taxes22,611 25,640 10,584 11,767 4,123 3,904 
Income tax expense2,144 2,269 2,646 2,942 1,031 976 
Net income$20,467 $23,371 $7,938 $8,825 $3,092 $2,928 
Period-end total assets$3,324,293 $3,153,090 $1,026,293 $1,062,038 $328,831 $333,779 
 Global BankingGlobal MarketsAll Other
 202420232024202320242023
Net interest income$9,965 $11,210 $2,349 $1,080 $43 $260 
Noninterest income7,902 7,658 14,623 14,359 (5,594)(5,103)
Total revenue, net of interest expense17,867 18,868 16,972 15,439 (5,551)(4,843)
Provision for credit losses693 (347)(42)(71)(16)(77)
Noninterest expense8,902 8,563 10,421 9,935 1,426 1,492 
Income before income taxes8,272 10,652 6,593 5,575 (6,961)(6,258)
Income tax expense2,275 2,876 1,912 1,533 (5,720)(6,058)
Net income (loss)$5,997 $7,776 $4,681 $4,042 $(1,241)$(200)
Period-end total assets$650,936 $588,578 $958,227 $864,792 $360,006 $303,903 
(1) There were no material intersegment revenues.
The table below presents noninterest income and the associated components for the three and nine months ended September 30, 2024 and 2023 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 CorporationConsumer BankingGlobal Wealth &
Investment Management
Three Months Ended September 30
(Dollars in millions)202420232024202320242023
Fees and commissions:
Card income
Interchange fees $1,030 $994 $824 $789 $(5)$(5)
Other card income 588 526 578 536 14 14 
Total card income1,618 1,520 1,402 1,325 9 9 
Service charges
Deposit-related fees1,198 1,124 631 605 12 10 
Lending-related fees354 340 — — 12 10 
Total service charges1,552 1,464 631 605 24 20 
Investment and brokerage services
Asset management fees3,533 3,103 52 51 3,482 3,054 
Brokerage fees1,013 860 28 29 392 342 
Total investment and brokerage services
4,546 3,963 80 80 3,874 3,396 
Investment banking fees
Underwriting income742 531 — — 64 45 
Syndication fees274 209 — — — — 
Financial advisory services387 448 — — — — 
Total investment banking fees1,403 1,188 — — 64 45 
Total fees and commissions 9,119 8,135 2,113 2,010 3,971 3,470 
Market making and similar activities3,278 3,325 5 5 35 34 
Other income (loss)(1,019)(672)22 66 47 62 
Total noninterest income$11,378 $10,788 $2,140 $2,081 $4,053 $3,566 
Global BankingGlobal Markets
All Other (1)
Three Months Ended September 30
202420232024202320242023
Fees and commissions:
Card income
Interchange fees $197 $194 $14 $16 $— $— 
Other card income 3 3 — — (7)(27)
Total card income200 197 14 16 (7)(27)
Service charges
Deposit-related fees534 490 21 19 — — 
Lending-related fees268 264 74 66 — — 
Total service charges802 754 95 85 — — 
Investment and brokerage services
Asset management fees— — — — (1)(2)
Brokerage fees31 14 562 475 — — 
Total investment and brokerage services
31 14 562 475 (1)(2)
Investment banking fees
Underwriting income285 230 426 318 (33)(62)
Syndication fees147 117 127 92 — — 
Financial advisory services351 396 36 53 — (1)
Total investment banking fees783 743 589 463 (33)(63)
Total fees and commissions 1,816 1,708 1,260 1,039 (41)(92)
Market making and similar activities66 21 3,349 3,195 (177)70 
Other income (loss)722 861 123 34 (1,933)(1,695)
Total noninterest income$2,604 $2,590 $4,732 $4,268 $(2,151)$(1,717)
(1)All Other includes eliminations of intercompany transactions.
Noninterest Income by Business Segment and All Other
Total CorporationConsumer BankingGlobal Wealth &
Investment Management
Nine Months Ended September 30
(Dollars in millions)202420232024202320242023
Fees and commissions:
Card income
Interchange fees $2,984 $2,973 $2,371 $2,350 $(16)$(8)
Other card income 1,678 1,562 1,664 1,590 44 41 
Total card income4,662 4,535 4,035 3,940 28 33 
Service charges
Deposit-related fees3,492 3,266 1,823 1,729 33 31 
Lending-related fees1,009 972 — — 38 26 
Total service charges4,501 4,238 1,823 1,729 71 57 
Investment and brokerage services
Asset management fees10,173 8,990 152 147 10,028 8,848 
Brokerage fees2,880 2,664 84 83 1,153 1,037 
Total investment and brokerage services
13,053 11,654 236 230 11,181 9,885 
Investment banking fees
Underwriting income2,512 1,757 — — 184 124 
Syndication fees886 620 — — — — 
Financial advisory services1,134 1,186 — — — — 
Total investment banking fees4,532 3,563 — — 184 124 
Total fees and commissions 26,748 23,990 6,094 5,899 11,464 10,099 
Market making and similar activities10,464 11,734 16 15 107 100 
Other income (loss)(2,373)(2,087)87 367 140 243 
Total noninterest income$34,839 $33,637 $6,197 $6,281 $11,711 $10,442 
Global BankingGlobal Markets
All Other (1)
Nine Months Ended September 30
202420232024202320242023
Fees and commissions:
Card income
Interchange fees $578 $580 $51 $51 $— $— 
Other card income 8 7 — — (38)(76)
Total card income586 587 51 51 (38)(76)
Service charges
Deposit-related fees1,568 1,446 66 59 2 1 
Lending-related fees759 757 212 189 — — 
Total service charges2,327 2,203 278 248 2 1 
Investment and brokerage services
Asset management fees— — — — (7)(5)
Brokerage fees70 37 1,573 1,507 — — 
Total investment and brokerage services
70 37 1,573 1,507 (7)(5)
Investment banking fees
Underwriting income1,011 742 1,453 1,016 (136)(125)
Syndication fees467 345 419 275 — — 
Financial advisory services990 1,042 144 144 — — 
Total investment banking fees2,468 2,129 2,016 1,435 (136)(125)
Total fees and commissions 5,451 4,956 3,918 3,241 (179)(205)
Market making and similar activities212 135 10,397 11,002 (268)482 
Other income (loss)2,239 2,567 308 116 (5,147)(5,380)
Total noninterest income$7,902 $7,658 $14,623 $14,359 $(5,594)$(5,103)
(1) All other includes eliminations of intercompany transactions.
The table below presents 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.
Business Segment Reconciliations
Three Months Ended September 30Nine Months Ended September 30
(Dollars in millions)2024202320242023
Segments’ total revenue, net of interest expense$27,644 $26,938 $82,556 $81,887 
Adjustments (1):
    
Asset and liability management activities(183)28 (323)(404)
Liquidating businesses, eliminations and other(1,969)(1,646)(5,228)(4,439)
FTE basis adjustment(147)(153)(465)(422)
Consolidated revenue, net of interest expense$25,345 $25,167 $76,540 $76,622 
Segments’ total net income7,191 7,713 21,708 23,571 
Adjustments, net-of-tax (1):
  
Asset and liability management activities(138)16 (247)(309)
Liquidating businesses, eliminations and other(157)73 (994)109 
Consolidated net income$6,896 $7,802 $20,467 $23,371 
September 30
20242023
Segments’ total assets$2,964,287 $2,849,187 
Adjustments (1):
Asset and liability management activities, including securities portfolio1,251,025 1,185,910 
Elimination of segment asset allocations to match liabilities(953,618)(945,715)
Other62,599 63,708 
Consolidated total assets$3,324,293 $3,153,090 
(1)Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.