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Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Operating Segments Table 22.1 presents our results by operating segment.
Table 22.1: Operating Segments
 
Community
Banking 
 
 
Wholesale
Banking
 
 
Wealth and
Investment
Management
 
 
Other (1)
 
 
Consolidated
Company
 
(income/expense in millions, average balances in billions)
2020

 
2019

 
2020

 
2019

 
2020

 
2019

 
2020

 
2019

 
2020

 
2019

Quarter ended Mar 31,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income (2)
$
6,787

 
7,248

 
4,136

 
4,534

 
867

 
1,101

 
(478
)
 
(572
)
 
11,312

 
12,311

Provision (reversal of provision) for credit losses
1,718

 
710

 
2,288

 
134

 
8

 
4

 
(9
)
 
(3
)
 
4,005

 
845

Noninterest income
2,709

 
4,502

 
1,681

 
2,577

 
2,848

 
2,978

 
(833
)
 
(759
)
 
6,405

 
9,298

Noninterest expense
7,116

 
7,689

 
3,763

 
3,838

 
3,103

 
3,303

 
(934
)
 
(914
)
 
13,048

 
13,916

Income (loss) before income tax expense (benefit)
662

 
3,351

 
(234
)
 
3,139

 
604

 
772

 
(368
)
 
(414
)
 
664

 
6,848

Income tax expense (benefit) (3)
644

 
424

 
(546
)
 
369

 
153

 
192

 
(92
)
 
(104
)
 
159

 
881

Net income (loss) before noncontrolling interests
18

 
2,927

 
312

 
2,770

 
451

 
580

 
(276
)
 
(310
)
 
505

 
5,967

Less: Net income (loss) from noncontrolling interests
(137
)
 
104

 
1

 
—

 
(12
)
 
3

 
—

 
—

 
(148
)
 
107

Net income (loss)
$
155

 
2,823

 
311

 
2,770

 
463

 
577

 
(276
)
 
(310
)
 
653

 
5,860

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average loans
$
462.6

 
458.2

 
484.5

 
476.4

 
78.5

 
74.4

 
(60.6
)
 
(59.0
)
 
965.0

 
950.0

Average assets
1,039.2

 
1,015.4

 
885.0

 
844.5

 
88.1

 
83.2

 
(61.6
)
 
(60.0
)
 
1,950.7

 
1,883.1

Average deposits
798.6

 
765.6

 
456.6

 
409.8

 
151.4

 
153.2

 
(68.6
)
 
(66.5
)
 
1,338.0

 
1,262.1

(1)
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. 
(2)
Net interest income is the difference between interest earned on assets and the cost of liabilities to fund those assets. Interest earned includes actual interest earned on segment assets as well as interest credits for any funding of a segment available to be provided to other segments. The cost of liabilities includes actual interest expense on segment liabilities as well as funding charges for any funding provided from other segments.
(3)
Income tax expense (benefit) for our Wholesale Banking operating segment included income tax credits related to low-income housing and renewable energy investments of $491 million and $427 million for first quarter 2020 and 2019, respectively.