Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Results of Businesses

Table 69: Results of Businesses

Three months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group			BlackRock		Other			Consolidated (a)
2017
Income Statement
Net interest income	$	1,177	$	883	$	72				$	213		$	2,345
Noninterest income	643		555		220			$	206	156			1,780
Total revenue	1,820		1,438		292			206		369			4,125
Provision for credit losses (benefit)	77		62		3					(12		)	130
Depreciation and amortization	43		47		13					126			229
Other noninterest expense	1,332		552		201					142			2,227
Income before income taxes and noncontrolling interests	368		777		75			206		113			1,539
Income taxes (benefit)	136		252		28			49		(52		)	413
Net income	$	232	$	525	$	47		$	157	$	165		$	1,126
Average Assets (b)	$	88,642	$	150,948	$	7,464		$	7,282	$	119,061		$	373,397
2016
Income Statement
Net interest income	$	1,135	$	793	$	74				$	93		$	2,095
Noninterest income	680		526		220			$	189	119			1,734
Total revenue	1,815		1,319		294			189		212			3,829
Provision for credit losses (benefit)	102		8		(3		)			(20		)	87
Depreciation and amortization	44		36		11					118			209
Other noninterest expense	1,315		529		195					146			2,185
Income (loss) before income taxes and noncontrolling interests	354		746		91			189		(32		)	1,348
Income taxes (benefit)	130		237		33			41		(99		)	342
Net income	$	224	$	509	$	58		$	148	$	67		$	1,006
Average Assets (b)	$	85,789	$	141,550	$	7,588		$	7,026	$	121,917		$	363,870
Nine months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group			BlackRock		Other			Consolidated (a)
2017
Income Statement
Net interest income	$	3,436	$	2,538	$	216				$	573		$	6,763
Noninterest income	1,891		1,667		655			$	578	515			5,306
Total revenue	5,327		4,205		871			578		1,088			12,069
Provision for credit losses (benefit)	198		174		(6		)			(50		)	316
Depreciation and amortization	132		137		38					379			686
Other noninterest expense	3,928		1,648		608					467			6,651
Income before income taxes and noncontrolling interests	1,069		2,246		231			578		292			4,416
Income taxes (benefit)	394		719		85			132		(211		)	1,119
Net income	$	675	$	1,527	$	146		$	446	$	503		$	3,297
Average Assets (b)	$	88,589	$	147,299	$	7,499		$	7,282	$	119,395		$	370,064
2016
Income Statement
Net interest income	$	3,389	$	2,351	$	227				$	294		$	6,261
Noninterest income	2,038		1,506		636			$	500	347			5,027
Total revenue	5,427		3,857		863			500		641			11,288
Provision for credit losses (benefit)	210		180							(24		)	366
Depreciation and amortization	132		110		34					350			626
Other noninterest expense	3,831		1,545		584					449			6,409
Income (loss) before income taxes and noncontrolling interests	1,254		2,022		245			500		(134		)	3,887
Income taxes (benefit)	459		658		90			110		(368		)	949
Net income	$	795	$	1,364	$	155		$	390	$	234		$	2,938
Average Assets (b)	$	85,783	$	139,632	$	7,743		$	7,026	$	119,423		$	359,607

(a) There were no material intersegment revenues for the three and nine months ended September 30, 2017 and 2016.

(b) Period-end balances for BlackRock.