Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

Table 82: Results of Businesses


Three months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2021
Income Statement
Net interest income	$	1,713	$	1,241	$	141	$	(239)	$	2,856
Noninterest income	662		1,056		256		367		2,341
Total revenue	2,375		2,297		397		128		5,197
Provision for (recapture of) credit losses	(113)		(99)		(6)		15		(203)
Depreciation and amortization	78		54		7		138		277
Other noninterest expense	1,811		926		248		325		3,310
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	599		1,416		148		(350)		1,813
Income taxes (benefit) from continuing operations	140		290		34		(141)		323
Net income (loss) from continuing operations	459		1,126		114		(209)		1,490
Less: Net income attributable to noncontrolling interests	12		3				1		16
Net income (loss) from continuing operations excluding noncontrolling interests	$	447	$	1,123	$	114	$	(210)	$	1,474
Average Assets	$	117,394	$	202,268	$	13,805	$	225,775	$	559,242
2020
Income Statement
Net interest income	$	1,383	$	1,012	$	89			$	2,484
Noninterest income	673		723		221		$	180	1,797
Total revenue	2,056		1,735		310		180		4,281
Provision for (recapture of) credit losses	(157)		211		(19)		17		52
Depreciation and amortization	64		50		11		121		246
Other noninterest expense	1,448		613		200		24		2,285
Income from continuing operations before income taxes (benefit) and noncontrolling interests	701		861		118		18		1,698
Income taxes (benefit) from continuing operations	162		188		27		(211)		166
Net income from continuing operations	539		673		91		229		1,532
Less: Net income attributable to noncontrolling interests	9		3				1		13
Net income from continuing operations excluding noncontrolling interests	$	530	$	670	$	91	$	228	$	1,519
Average Assets	$	98,731	$	183,266	$	8,361	$	171,781	$	462,139


(Continued from previous page)
Nine months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2021
Income Statement
Net interest income	$	4,572	$	3,315	$	346	$	(448)	$	7,785
Noninterest income	2,022		2,730		729		818		6,299
Total revenue	6,594		6,045		1,075		370		14,084
Provision for (recapture of) credit losses	(156)		(277)		8		(27)		(452)
Depreciation and amortization	214		152		16		385		767
Other noninterest expense	4,828		2,352		660		604		8,444
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	1,708		3,818		391		(592)		5,325
Income taxes (benefit) from continuing operations	396		818		91		(399)		906
Net income (loss) from continuing operations	1,312		3,000		300		(193)		4,419
Less: Net income attributable to noncontrolling interests	26		10				2		38
Net income (loss) from continuing operations excluding noncontrolling interests	$	1,286	$	2,990	$	300	$	(195)	$	4,381
Average Assets	$	103,820	$	184,964	$	11,124	$	211,056	$	510,964
2020
Income Statement
Net interest income	$	4,229	$	3,014	$	266	$	13	$	7,522
Noninterest income	2,046		2,143		629		353		5,171
Total revenue	6,275		5,157		895		366		12,693
Provision for credit losses	1,049		2,254		23		103		3,429
Depreciation and amortization	188		149		34		366		737
Other noninterest expense	4,349		1,906		613		(16)		6,852
Income (loss) from continuing operations before income taxes (benefit) and noncontrolling interests	689		848		225		(87)		1,675
Income taxes (benefit) from continuing operations	161		160		52		(245)		128
Net income from continuing operations	528		688		173		158		1,547
Less: Net income attributable to noncontrolling interests	20		6				1		27
Net income from continuing operations excluding noncontrolling interests	$	508	$	682	$	173	$	157	$	1,520
Average Assets	$	98,764	$	185,001	$	8,041	$	152,223	$	444,029

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