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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] Table 18.1 presents our revenue by operating segment. The “Other” segment for each of the tables below includes the elimination of certain items that are included in more than one business segment, substantially all of which represents products and services for WIM customers served through Community Banking distribution channels. For additional description of our operating segments, including
additional financial information and the underlying management accounting process, see Note 22 (Operating Segments).
We adopted ASU 2014-09 – Revenue from Contracts with Customers on a modified retrospective basis as of January 1, 2018. For details on the impact of the adoption of this ASU, see Note 1 (Summary of Significant Accounting Policies) in our 2018 Form 10-K.
Table 18.1: Revenue by Operating Segment
 
Quarter ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Net interest income (1)
$
7,066

7,346

4,535

4,693

1,037

1,111

(543
)
(609
)
12,095

12,541

Noninterest income:
 
 
 
 
 
 
 
 
 
 
Service charges on deposit accounts
704

632

502

530

4

5

(4
)
(4
)
1,206

1,163

Trust and investment fees:
 
 
 
 
 
 
 
 
 
 
Brokerage advisory, commissions and other fees
480

465

74

78

2,248

2,284

(484
)
(473
)
2,318

2,354

Trust and investment management
199

220

117

110

687

731

(208
)
(226
)
795

835

Investment banking
(18
)
—

475

485

(1
)
1

(1
)
—

455

486

Total trust and investment fees
661

685

666

673

2,934

3,016

(693
)
(699
)
3,568

3,675

Card fees
929

904

95

96

2

2

(1
)
(1
)
1,025

1,001

Other fees:
 
 
 
 
 
 
 
 
 
 
Lending related charges and fees (1)(2)
65

69

284

307

2

2

(2
)
(2
)
349

376

Cash network fees
117

118

—

2

—

—

—

—

117

120

Commercial real estate brokerage commissions
—

—

105

109

—

—

—

—

105

109

Wire transfer and other remittance fees
71

67

49

53

2

2

(1
)
(1
)
121

121

All other fees(1)
82

94

26

25

—

1

—

—

108

120

Total other fees
335

348

464

496

4

5

(3
)
(3
)
800

846

Mortgage banking (1)
655

695

104

75

(3
)
(2
)
2

2

758

770

Insurance (1)
11

16

75

78

17

18

(10
)
(10
)
93

102

Net gains (losses) from trading activities (1)
(11
)
24

226

154

13

13

1

—

229

191

Net gains (losses) on debt securities (1)
15

(2
)
5

42

—

1

—

—

20

41

Net gains from equity securities (1)
471

409

116

89

35

(203
)
—

—

622

295

Lease income (1)
—

—

424

443

—

—

—

—

424

443

Other income of the segment (1)
969

749

(147
)
(172
)
7

(15
)
(85
)
(77
)
744

485

Total noninterest income
4,739

4,460

2,530

2,504

3,013

2,840

(793
)
(792
)
9,489

9,012

Revenue
$
11,805

11,806

7,065

7,197

4,050

3,951

(1,336
)
(1,401
)
21,584

21,553

 
Six months ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Net interest income (1)
$
14,314

14,541

9,069

9,225

2,138

2,223

(1,115
)
(1,210
)
24,406

24,779

Noninterest income:
 
 
 
 
 
 
 
 
 
 
Service charges on deposit accounts
1,314

1,271

985

1,064

8

9

(7
)
(8
)
2,300

2,336

Trust and investment fees:
 
 
 
 
 
 
 
 
 
 
Brokerage advisory, commissions and other fees
929

943

152

145

4,372

4,628

(942
)
(959
)
4,511

4,757

Trust and investment management
409

453

231

223

1,363

1,474

(422
)
(465
)
1,581

1,685

Investment banking
(38
)
(10
)
887

925

4

1

(4
)
—

849

916

Total trust and investment fees
1,300

1,386

1,270

1,293

5,739

6,103

(1,368
)
(1,424
)
6,941

7,358

Card fees
1,787

1,725

181

183

3

3

(2
)
(2
)
1,969

1,909

Other fees:
 
 
 
 
 
 
 
 
 
 
Lending related charges and fees (1)(2)
130

145

566

611

4

4

(4
)
(4
)
696

756

Cash network fees
226

243

—

3

—

—

—

—

226

246

Commercial real estate brokerage commissions
—

—

186

194

—

—

—

—

186

194

Wire transfer and other remittance fees
135

130

97

105

4

4

(2
)
(2
)
234

237

All other fees (1)
176

157

52

55

—

1

—

—

228

213

Total other fees
667

675

901

968

8

9

(6
)
(6
)
1,570

1,646

Mortgage banking (1)
1,296

1,537

172

168

(6
)
(5
)
4

4

1,466

1,704

Insurance (1)
22

44

153

157

34

36

(20
)
(21
)
189

216

Net gains (losses) from trading activities (1)
(6
)
23

559

379

32

32

1

—

586

434

Net gains on debt securities (1)
52

(2
)
93

43

—

1

—

—

145

42

Net gains from equity securities (1)
1,072

1,093

193

182

171

(197
)
—

—

1,436

1,078

Lease income (1)
—

—

867

898

—

—

—

—

867

898

Other income of the segment (1)
1,737

1,343

(267
)
(84
)
2

(21
)
(154
)
(151
)
1,318

1,087

Total noninterest income
9,241

9,095

5,107

5,251

5,991

5,970

(1,552
)
(1,608
)
18,787

18,708

Revenue
$
23,555

23,636

14,176

14,476

8,129

8,193

(2,667
)
(2,818
)
43,193

43,487

(1)
Most of our revenue is not within the scope of Accounting Standards Update (ASU) 2014-09 – Revenue from Contracts with Customers, and additional details are included in other footnotes to our financial statements. The scope explicitly excludes net interest income as well as many other revenues for financial assets and liabilities, including loans, leases, securities, and derivatives.
(2)
Represents combined amount of previously reported “Charges and fees on loans” and “Letters of credit fees.”
Disaggregation of Revenue [Table Text Block]
Table 18.4 presents our trust and investment management fees by operating segment.
Table 18.4: Trust and Investment Management Fees by Operating Segment
 
Quarter ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Investment management fees
$
(1
)
—

—

—

501

531

—

—

500

531

Trust fees
200

232

83

82

175

185

(208
)
(226
)
250

273

Other revenue
—

(12
)
34

28

11

15

—

—

45

31

Trust and investment management fees
$
199

220

117

110

687

731

(208
)
(226
)
795

835

 
Six months ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Investment management fees
$
—

—

—

—

978

1,065

—

—

978

1,065

Trust fees
409

453

165

168

343

373

(422
)
(465
)
495

529

Other revenue
—

—

66

55

42

36

—

—

108

91

Trust and investment management fees
$
409

453

231

223

1,363

1,474

(422
)
(465
)
1,581

1,685


Table 18.5 presents our card fees by operating segment.

Table 18.5: Card Fees by Operating Segment
 
Quarter ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Credit card interchange and network revenues (1)
$
209

211

95

96

2

2

(1
)
(1
)
305

308

Debit card interchange and network revenues
546

525

—

—

—

—

—

—

546

525

Late fees, cash advance fees, balance transfer fees, and annual fees
174

168

—

—

—

—

—

—

174

168

Card fees (1)
$
929

904

95

96

2

2

(1
)
(1
)
1,025

1,001

 
Six months ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Credit card interchange and network revenues (1)
$
398

382

181

183

3

3

(2
)
(2
)
580

566

Debit card interchange and network revenues
1,053

1,004

—

—

—

—

—

—

1,053

1,004

Late fees, cash advance fees, balance transfer fees, and annual fees
336

339

—

—

—

—

—

—

336

339

Card fees (1)
$
1,787

1,725

181

183

3

3

(2
)
(2
)
1,969

1,909

(1)
The cost of credit card rewards and rebates of $375 million and $729 million for the second quarter and first half of 2019, respectively, and $335 million and $678 million for the second quarter and first half of 2018, respectively, are presented net against the related revenues.
Table 18.3 presents our brokerage advisory, commissions and other fees by operating segment.
Table 18.3: Brokerage Advisory, Commissions and Other Fees by Operating Segment
 
Quarter ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Asset-based revenue (1)
$
369

365

—

—

1,698

1,722

(369
)
(365
)
1,698

1,722

Transactional revenue
94

83

10

16

390

400

(98
)
(92
)
396

407

Other revenue
17

17

64

62

160

162

(17
)
(16
)
224

225

Brokerage advisory, commissions and other fees
$
480

465

74

78

2,248

2,284

(484
)
(473
)
2,318

2,354

 
Six months ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Asset-based revenue (1)
$
712

736

—

—

3,278

3,465

(712
)
(736
)
3,278

3,465

Transactional revenue
183

176

26

28

777

839

(196
)
(192
)
790

851

Other revenue
34

31

126

117

317

324

(34
)
(31
)
443

441

Brokerage advisory, commissions and other fees
$
929

943

152

145

4,372

4,628

(942
)
(959
)
4,511

4,757

(1)
We earned trailing commissions of $289 million and $569 million for the second quarter and first half of 2019, respectively, and $321 million and $652 million for the second quarter and first half of 2018, respectively.
Table 18.2 presents our service charges on deposit accounts by operating segment.

Table 18.2: Service Charges on Deposit Accounts by Operating Segment
 
Quarter ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Overdraft fees
$
496

416

1

1

1

1

—

—

498

418

Account charges
208

216

501

529

3

4

(4
)
(4
)
708

745

Service charges on deposit accounts
$
704

632

502

530

4

5

(4
)
(4
)
1,206

1,163

 
Six months ended June 30,
 
 
Community Banking
 
Wholesale Banking
 
Wealth and Investment Management
 
Other
 
Consolidated
Company
 
(in millions)
2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

Overdraft fees
$
913

828

2

3

1

1

—

—

916

832

Account charges
401

443

983

1,061

7

8

(7
)
(8
)
1,384

1,504

Service charges on deposit accounts
$
1,314

1,271

985

1,064

8

9

(7
)
(8
)
2,300

2,336