Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

Table 83: Results of Businesses


Three months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2021
Income Statement
Net interest income	$	1,497	$	1,083	$	112	$	(111)	$	2,581
Noninterest income	706		867		244		269		2,086
Total revenue	2,203		1,950		356		158		4,667
Provision for (recapture of) credit losses	214		104		23		(39)		302
Depreciation and amortization	73		51		5		127		256
Other noninterest expense	1,604		762		214		214		2,794
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	312		1,033		114		(144)		1,315
Income taxes (benefit) from continuing operations	73		220		27		(108)		212
Net income (loss) from continuing operations	239		813		87		(36)		1,103
Less: Net income attributable to noncontrolling interests	7		4				1		12
Net income (loss) from continuing operations excluding noncontrolling interests	$	232	$	809	$	87	$	(37)	$	1,091
Average Assets	$	100,948	$	181,770	$	10,640	$	211,071	$	504,429
2020
Income Statement
Net interest income	$	1,390	$	1,052	$	89	$	(4)	$	2,527
Noninterest income	585		726		204		34		1,549
Total revenue	1,975		1,778		293		30		4,076
Provision for credit losses	761		1,585		39		78		2,463
Depreciation and amortization	67		51		12		121		251
Other noninterest expense	1,430		619		205		10		2,264
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	(283)		(477)		37		(179)		(902)
Income taxes (benefit) from continuing operations	(63)		(122)		9		18		(158)
Net income (loss) from continuing operations	(220)		(355)		28		(197)		(744)
Less: Net income attributable to noncontrolling interests	3		3				1		7
Net income (loss) from continuing operations excluding noncontrolling interests	$	(223)	$	(358)	$	28	$	(198)	$	(751)
Average Assets	$	102,103	$	199,254	$	7,958	$	147,998	$	457,313


(Continued from previous page)
Six months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2021
Income Statement
Net interest income	$	2,859	$	2,074	$	205	$	(209)	$	4,929
Noninterest income	1,360		1,674		473		451		3,958
Total revenue	4,219		3,748		678		242		8,887
Provision for (recapture of) credit losses	(43)		(178)		14		(42)		(249)
Depreciation and amortization	136		98		9		247		490
Other noninterest expense	3,017		1,426		412		279		5,134
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	1,109		2,402		243		(242)		3,512
Income taxes (benefit) from continuing operations	256		528		57		(258)		583
Net income from continuing operations	853		1,874		186		16		2,929
Less: Net income attributable to noncontrolling interests	14		7				1		22
Net income from continuing operations excluding noncontrolling interests	$	839	$	1,867	$	186	$	15	$	2,907
Average Assets	$	96,942	$	176,182	$	9,761	$	203,540	$	486,425
2020
Income Statement
Net interest income	$	2,846	$	2,002	$	177	$	13	$	5,038
Noninterest income	1,373		1,420		408		173		3,374
Total revenue	4,219		3,422		585		186		8,412
Provision for credit losses	1,206		2,043		42		86		3,377
Depreciation and amortization	124		99		23		245		491
Other noninterest expense	2,901		1,293		413		(40)		4,567
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	(12)		(13)		107		(105)		(23)
Income taxes (benefit) from continuing operations	(1)		(28)		25		(34)		(38)
Net income (loss) from continuing operations	(11)		15		82		(71)		15
Less: Net income attributable to noncontrolling interests	11		3						14
Net income (loss) from continuing operations excluding noncontrolling interests	$	(22)	$	12	$	82	$	(71)	$	1
Average Assets	$	99,583	$	185,878	$	7,880	$	141,533	$	434,874

(a)There were no material intersegment revenues for the three and six months ended June 30, 2021 and 2020.