Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Table 79: Results of Businesses


Three months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2024
Income Statement
Net interest income	$	2,709	$	1,531	$	163	$	(1,101)	$	3,302
Noninterest income	1,409		942		235		(477)		2,109
Total revenue	4,118		2,473		398		(1,578)		5,411
Provision for (recapture of) credit losses	27		228		2		(22)		235
Depreciation and amortization	80		51		9		145		285
Other noninterest expense	1,761		860		252		199		3,072
Income (loss) before income taxes (benefit) and noncontrolling interests	2,250		1,334		135		(1,900)		1,819
Income taxes (benefit)	524		283		32		(497)		342
Net income (loss)	1,726		1,051		103		(1,403)		1,477
Less: Net income attributable to noncontrolling interests	11		5				2		18
Net income (loss) excluding noncontrolling interests	$	1,715	$	1,046	$	103	$	(1,405)	$	1,459
Average Assets	$	115,102	$	229,604	$	17,018	$	201,306	$	563,030
2023
Income Statement
Net interest income	$	2,448	$	1,349	$	125	$	(412)	$	3,510
Noninterest income	702		821		228		32		1,783
Total revenue	3,150		2,170		353		(380)		5,293
Provision for (recapture of) credit losses	(14)		209		(10)		(39)		146
Depreciation and amortization	81		53		7		143		284
Other noninterest expense	1,823		868		273		124		3,088
Income (loss) before income taxes (benefit) and noncontrolling interests	1,260		1,040		83		(608)		1,775
Income taxes (benefit)	295		218		20		(258)		275
Net income (loss)	965		822		63		(350)		1,500
Less: Net income attributable to noncontrolling interests	11		5				1		17
Net income (loss) excluding noncontrolling interests	$	954	$	817	$	63	$	(351)	$	1,483
Average Assets	$	114,826	$	234,174	$	15,562	$	190,945	$	555,507


(Continued from previous page)
Six months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2024
Income Statement
Net interest income	$	5,326	$	3,051	$	320	$	(2,131)	$	6,566
Noninterest income	2,173		1,830		465		(478)		3,990
Total revenue	7,499		4,881		785		(2,609)		10,556
Provision for (recapture of) credit losses	145		275		(3)		(27)		390
Depreciation and amortization	159		101		16		289		565
Other noninterest expense	3,519		1,732		510		365		6,126
Income (loss) before income taxes (benefit) and noncontrolling interests	3,676		2,773		262		(3,236)		3,475
Income taxes (benefit)	857		596		62		(861)		654
Net income (loss)	2,819		2,177		200		(2,375)		2,821
Less: Net income attributable to noncontrolling interests	19		10				3		32
Net income (loss) excluding noncontrolling interests	$	2,800	$	2,167	$	200	$	(2,378)	$	2,789
Average Assets	$	114,651	$	229,151	$	16,873	$	202,264	$	562,939
2023
Income Statement
Net interest income	$	4,729	$	2,732	$	252	$	(618)	$	7,095
Noninterest income	1,445		1,707		458		191		3,801
Total revenue	6,174		4,439		710		(427)		10,896
Provision for (recapture of) credit losses	224		181		(1)		(23)		381
Depreciation and amortization	159		107		13		286		565
Other noninterest expense	3,672		1,753		547		156		6,128
Income (loss) before income taxes (benefit) and noncontrolling interests	2,119		2,398		151		(846)		3,822
Income taxes (benefit)	497		512		36		(417)		628
Net income (loss)	1,622		1,886		115		(429)		3,194
Less: Net income attributable to noncontrolling interests	21		10				3		34
Net income (loss) excluding noncontrolling interests	$	1,601	$	1,876	$	115	$	(432)	$	3,160
Average Assets	$	115,103	$	234,354	$	15,282	$	194,162	$	558,901

(a)There were no material intersegment revenues for the three and six months ended June 30, 2024 and 2023.