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Business Segment Information (Business Segment Financial Results) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net interest income (expense) $ 513 $ 606
Provision for credit losses 411 (13)
Noninterest income 237 238
Noninterest expenses 425 433
(Benefit) provision for income taxes (21) 85
Net (loss) income (65) 339
Net credit-related charge-offs (recoveries) 84 11
Assets, average 73,265 69,771
Loans, average 49,604 49,677
Deposits, average $ 56,768 $ 53,996
Return on average assets [1] (0.35%) 1.97%
Efficiency ratio [2] 56.57% 50.81%
Business Bank    
Net interest income (expense) $ 380 $ 412
Provision for credit losses 396 (6)
Noninterest income 127 136
Noninterest expenses 194 198
(Benefit) provision for income taxes (20) 82
Net (loss) income (63) 274
Net credit-related charge-offs (recoveries) 83 12
Assets, average 44,254 43,909
Loans, average 42,593 42,538
Deposits, average $ 30,230 $ 28,463
Return on average assets [1] (0.58%) 2.53%
Efficiency ratio [2] 38.47% 36.24%
Retail Bank    
Net interest income (expense) $ 125 $ 146
Provision for credit losses 3 (4)
Noninterest income 28 31
Noninterest expenses 149 145
(Benefit) provision for income taxes 0 8
Net (loss) income 1 28
Net credit-related charge-offs (recoveries) 1 0
Assets, average 2,864 2,812
Loans, average 2,075 2,103
Deposits, average $ 21,195 $ 20,470
Return on average assets [1] 0.03% 0.54%
Efficiency ratio [2] 96.03% 81.34%
Wealth Management    
Net interest income (expense) $ 41 $ 48
Provision for credit losses 12 (5)
Noninterest income 70 64
Noninterest expenses 72 72
(Benefit) provision for income taxes 6 11
Net (loss) income 21 34
Net credit-related charge-offs (recoveries) 0 (1)
Assets, average 5,078 5,174
Loans, average 4,936 5,036
Deposits, average $ 4,025 $ 3,801
Return on average assets [1] 1.69% 2.67%
Efficiency ratio [2] 64.28% 64.42%
Finance    
Net interest income (expense) $ (44) $ (15)
Provision for credit losses 0 0
Noninterest income 14 3
Noninterest expenses 0 0
(Benefit) provision for income taxes (8) (4)
Net (loss) income (22) (8)
Net credit-related charge-offs (recoveries) 0 0
Assets, average 14,285 13,585
Loans, average 0 0
Deposits, average 1,136 1,130
Other    
Net interest income (expense) 11 15
Provision for credit losses 0 2
Noninterest income (2) 4
Noninterest expenses 10 18
(Benefit) provision for income taxes [3] 1 (12)
Net (loss) income (2) 11
Net credit-related charge-offs (recoveries) 0 0
Assets, average 6,784 4,291
Loans, average 0 0
Deposits, average $ 182 $ 132
[1] Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.
[2]
Noninterest expenses as a percentage of the sum of net interest income and noninterest income excluding net (losses) gains from securities and a derivative contract tied to the conversion rate of Visa Class B shares.
[3]
Included discrete tax benefits of $3 million and $11 million for the three months ended March 31, 2020 and 2019, respectively.