Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Results of Businesses

Table 73: Results of Businesses

Three months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking			Asset Management Group			BlackRock		Other			Consolidated (a)
2018
Income Statement
Net interest income	$	1,305	$	903		$	71				$	187		$	2,466
Noninterest income	622		592			228			$	265	184			1,891
Total revenue	1,927		1,495			299			265		371			4,357
Provision for credit losses (benefit)	113		(13		)	2					(14		)	88
Depreciation and amortization	52		47			13					112			224
Other noninterest expense	1,390		622			204					168			2,384
Income before income taxes and noncontrolling interests	372		839			80			265		105			1,661
Income taxes (benefit)	89		174			19			49		(70		)	261
Net income	$	283	$	665		$	61		$	216	$	175		$	1,400
Average Assets (b)	$	89,963	$	153,897		$	7,397		$	7,964	$	118,656		$	377,877
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
Nine months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking			Asset Management Group			BlackRock		Other			Consolidated (a)
2018
Income Statement
Net interest income	$	3,800	$	2,641		$	217				$	582		$	7,240
Noninterest income	1,935		1,774			676			$	732	435			5,552
Total revenue	5,735		4,415			893			732		1,017			12,792
Provision for credit losses (benefit)	254		43			2					(39		)	260
Depreciation and amortization	144		140			38					372			694
Other noninterest expense	4,143		1,794			620					468			7,025
Income before income taxes and noncontrolling interests	1,194		2,438			233			732		216			4,813
Income taxes (benefit)	285		514			55			124		(160		)	818
Net income	$	909	$	1,924		$	178		$	608	$	376		$	3,995
Average Assets (b)	$	89,259	$	153,149		$	7,455		$	7,964	$	118,772		$	376,599
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

(a) There were no material intersegment revenues for the three and nine months ended September 30, 2018 and 2017.

(b) Period-end balances for BlackRock.