Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Results of Businesses

Table 71: Results of Businesses

Three months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking			Asset Management Group			BlackRock		Other			Consolidated (a)
2019
Income Statement
Net interest income	$	1,393	$	911		$	70				$	130		$	2,504
Noninterest income	744		654			216			$	251	124			1,989
Total revenue	2,137		1,565			286			251		254			4,493
Provision for credit losses (benefit)	147		48			(1		)			(11		)	183
Depreciation and amortization	60		51			11					125			247
Other noninterest expense	1,476		652			217					31			2,376
Income before income taxes and noncontrolling interests	454		814			59			251		109			1,687
Income taxes (benefit)	107		169			13			40		(34		)	295
Net income	$	347	$	645		$	46		$	211	$	143		$	1,392
Average Assets (b)	$	93,222	$	168,193		$	7,331		$	8,321	$	129,642		$	406,709
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	1,462		651			212					59			2,384
Income before income taxes and noncontrolling interests	300		810			72			265		214			1,661
Income taxes (benefit)	73		168			17			49		(46		)	261
Net income	$	227	$	642		$	55		$	216	$	260		$	1,400
Average Assets (b)	$	89,963	$	153,897		$	7,397		$	7,964	$	118,656		$	377,877
Nine months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking			Asset Management Group			BlackRock		Other			Consolidated (a)
2019
Income Statement
Net interest income	$	4,118	$	2,685		$	208				$	466		$	7,477
Noninterest income	1,996		1,891			719			$	708	427			5,741
Total revenue	6,114		4,576			927			708		893			13,218
Provision for credit losses (benefit)	356		219			(2		)			(21		)	552
Depreciation and amortization	170		151			51					366			738
Other noninterest expense	4,361		1,936			656					121			7,074
Income before income taxes and noncontrolling interests	1,227		2,270			222			708		427			4,854
Income taxes (benefit)	291		471			51			111		(107		)	817
Net income	$	936	$	1,799		$	171		$	597	$	534		$	4,037
Average Assets (b)	$	92,282	$	163,126		$	7,247		$	8,321	$	125,623		$	396,599
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	4,347		1,879			643					156			7,025
Income before income taxes and noncontrolling interests	990		2,353			210			732		528			4,813
Income taxes (benefit)	239		496			50			124		(91		)	818
Net income	$	751	$	1,857		$	160		$	608	$	619		$	3,995
Average Assets (b)	$	89,259	$	153,149		$	7,455		$	7,964	$	118,772		$	376,599

(a) There were no material intersegment revenues for the three and nine months ended September 30, 2019 and 2018.

(b)

Period-end balances for BlackRock.