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Fee-Based Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Fee-Based Revenue from Contracts with Customers FEE-BASED REVENUE FROM CONTRACTS WITH CUSTOMERS
As more fully described in Note 23 Fee-based Revenue from Contracts with Customers in our 2024 Form 10-K, a subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606).
Fee-based revenue within the scope of Topic 606 is recognized within our three reportable business segments: Retail Banking, Corporate & Institutional Banking and the Asset Management Group. Interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets are outside of the scope of Topic 606.
Table 82 presents the noninterest income recognized within the scope of Topic 606 for each of our three reportable business segments’ principal products and services, along with the relationship to the noninterest income revenue streams shown on our Consolidated Income Statement. For a description of the fee-based revenue and how it is recognized for each segment’s principal products and services, see Note 23 Fee-based Revenue from Contracts with Customers in our 2024 Form 10-K.
Table 82: Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income

Three Months Ended
March 31, 2025		Three Months Ended
March 31, 2024

In millions		Retail BankingCorporate &
Institutional
Banking		Asset Management GroupRetail BankingCorporate &
Institutional
Banking		Asset Management Group
Asset management and brokerage
Asset management fees$— $— $239 $— $— $227 
Brokerage fees152 — — 137 — — 
Total asset management and brokerage 152 — 239 137 — 227 
Card and cash management
Treasury management fees10 390 — 10 357 — 
Debit card fees169 — — 167 — — 
Net credit card fees (a)41 — — 45 — — 
Merchant services35 17 — 37 19 — 
Other 20 — — 22 — — 
Total card and cash management 275 407 — 281 376 — 
Lending and deposit services
Deposit account fees161 — — 155 — — 
Other 17 7 — 16 9 — 
Total lending and deposit services178 7 — 171 9 — 
Residential and commercial mortgage (b)— 29 — — 30 — 
Capital markets and advisory— 217 — — 190 — 
Other— 11 — — 17 — 
Total in-scope noninterest income605 671 239 589 622 227 
Out-of-scope noninterest income (c)101 307 4 175 266 3 
Noninterest income by business segment$706 $978 $243 $764 $888 $230 
Reconciliation to consolidated noninterest income
Total in-scope business segment noninterest income$1,515 $1,438 
Out-of-scope business segment noninterest income (c)412 444 
Noninterest income from Other (d)
49 (1)
Noninterest income as shown on the Consolidated Income Statement$1,976 $1,881 
(a)Net credit card fees consist of interchange fees of $162 million and $158 million and credit card reward costs totaled $121 million and $113 million for the three months ended March 31, 2025 and 2024, respectively.
(b)Residential mortgage noninterest income falls under the scope of other accounting and disclosure requirements outside of Topic 606 and is included within the out-of-scope noninterest income line for the Retail Banking segment.
(c)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.
(d)Includes residual activities from corporate operations. For additional information, see Note 14 Segment Reporting.