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Business Segment Information (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below presents net income (loss) and the components thereto (with net interest income on an FTE basis) for 2015, 2014 and 2013, and total assets at December 31, 2015 and 2014 for each business segment, as well as All Other.
 
 
 
 
 
 
 
 
 
 
 
 
Results for Business Segments and All Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At and for the Year Ended December 31
 
 
Total Corporation (1)
 
Consumer Banking
(Dollars in millions)
 
 
 
 
2015
2014
2013
 
2015
2014
2013
Net interest income (FTE basis)
 
 
 
 
$
39,989

$
40,640

$
43,124

 
$
20,331

$
20,742

$
21,209

Noninterest income
 
 
 
 
43,951

44,997

46,677

 
11,096

11,038

11,820

Total revenue, net of interest expense (FTE basis)
 
 
 
 
83,940

85,637

89,801

 
31,427

31,780

33,029

Provision for credit losses
 
 
 
 
3,161

2,275

3,556

 
2,346

2,470

2,957

Noninterest expense
 
 
 
 
57,735

75,657

69,214

 
18,716

19,392

20,711

Income before income taxes (FTE basis)
 
 
 
 
23,044

7,705

17,031

 
10,365

9,918

9,361

Income tax expense (FTE basis)
 
 
 
 
7,156

2,872

5,600

 
3,777

3,698

3,430

Net income
 
 
 
 
$
15,888

$
4,833

$
11,431

 
$
6,588

$
6,220

$
5,931

Year-end total assets
 
 
 
 
$
2,144,316

$
2,104,534

 

 
$
645,427

$
599,066

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Global Wealth &
Investment Management
 
Global Banking
 
 
 
 
 
2015
2014
2013
 
2015
2014
2013
Net interest income (FTE basis)
 
 
 
 
$
5,486

$
5,813

$
6,061

 
$
9,050

$
9,586

$
9,673

Noninterest income
 
 
 
 
12,506

12,573

11,734

 
8,377

8,514

7,745

Total revenue, net of interest expense (FTE basis)
 
 
 
 
17,992

18,386

17,795

 
17,427

18,100

17,418

Provision for credit losses
 
 
 
 
51

14

56

 
685

322

1,142

Noninterest expense
 
 
 
 
13,938

13,830

13,217

 
8,481

8,807

8,148

Income before income taxes (FTE basis)
 
 
 
 
4,003

4,542

4,522

 
8,261

8,971

8,128

Income tax expense (FTE basis)
 
 
 
 
1,459

1,694

1,658

 
3,041

3,292

2,982

Net income
 
 
 
 
$
2,544

$
2,848

$
2,864

 
$
5,220

$
5,679

$
5,146

Year-end total assets
 
 
 
 
$
296,271

$
274,954

 

 
$
381,975

$
353,637

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Global Markets
 
All Other
 
 
 
 
 
2015
2014
2013
 
2015
2014
2013
Net interest income (FTE basis)
 
 
 
 
$
4,183

$
3,848

$
4,114

 
$
939

$
651

$
2,067

Noninterest income
 
 
 
 
10,823

12,279

11,322

 
1,149

593

4,056

Total revenue, net of interest expense (FTE basis)
 
 
 
 
15,006

16,127

15,436

 
2,088

1,244

6,123

Provision for credit losses
 
 
 
 
99

110

140

 
(20
)
(641
)
(739
)
Noninterest expense
 
 
 
 
11,373

11,989

12,225

 
5,227

21,639

14,913

Income (loss) before income taxes (FTE basis)
 
 
 
 
3,534

4,028

3,071

 
(3,119
)
(19,754
)
(8,051
)
Income tax expense (benefit) (FTE basis)
 
 
 
 
1,115

1,440

2,033

 
(2,236
)
(7,252
)
(4,503
)
Net income (loss)
 
 
 
 
$
2,419

$
2,588

$
1,038

 
$
(883
)
$
(12,502
)
$
(3,548
)
Year-end total assets
 
 
 
 
$
548,790

$
576,552

 

 
$
271,853

$
300,325

 


(1) 
There were no material intersegment revenues.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The table below presents a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. The adjustments presented in the table below include consolidated income, expense and asset amounts not specifically allocated to individual business segments.
 
 
 
 
 
 
Business Segment Reconciliations
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2015
 
2014
 
2013
Segments’ total revenue, net of interest expense (FTE basis)
$
81,852

 
$
84,393

 
$
83,678

Adjustments:
 

 
 

 
 

ALM activities
77

 
(1,008
)
 
(1,658
)
Equity investment income
261

 
1,130

 
2,901

Liquidating businesses and other
1,750

 
1,122

 
4,880

FTE basis adjustment
(890
)
 
(850
)
 
(859
)
Consolidated revenue, net of interest expense
$
83,050

 
$
84,787

 
$
88,942

Segments’ total net income
$
16,771

 
$
17,335

 
$
14,979

Adjustments, net-of-taxes:
 

 
 

 
 

ALM activities
(518
)
 
(894
)
 
(1,558
)
Equity investment income
162

 
706

 
1,828

Liquidating businesses and other
(527
)
 
(12,314
)
 
(3,818
)
Consolidated net income
$
15,888

 
$
4,833

 
$
11,431

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2015
 
2014
Segments’ total assets
 
 
$
1,872,463

 
$
1,804,209

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
616,568

 
573,426

Equity investments
 
 
4,297

 
4,871

Liquidating businesses and other
 
 
139,995

 
171,420

Elimination of segment asset allocations to match liabilities
 
 
(489,007
)
 
(449,392
)
Consolidated total assets
 
 
$
2,144,316

 
$
2,104,534
Reconciliation of Revenue from Segments to Consolidated
The table below presents a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. The adjustments presented in the table below include consolidated income, expense and asset amounts not specifically allocated to individual business segments.
 
 
 
 
 
 
Business Segment Reconciliations
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2015
 
2014
 
2013
Segments’ total revenue, net of interest expense (FTE basis)
$
81,852

 
$
84,393

 
$
83,678

Adjustments:
 

 
 

 
 

ALM activities
77

 
(1,008
)
 
(1,658
)
Equity investment income
261

 
1,130

 
2,901

Liquidating businesses and other
1,750

 
1,122

 
4,880

FTE basis adjustment
(890
)
 
(850
)
 
(859
)
Consolidated revenue, net of interest expense
$
83,050

 
$
84,787

 
$
88,942

Segments’ total net income
$
16,771

 
$
17,335

 
$
14,979

Adjustments, net-of-taxes:
 

 
 

 
 

ALM activities
(518
)
 
(894
)
 
(1,558
)
Equity investment income
162

 
706

 
1,828

Liquidating businesses and other
(527
)
 
(12,314
)
 
(3,818
)
Consolidated net income
$
15,888

 
$
4,833

 
$
11,431

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2015
 
2014
Segments’ total assets
 
 
$
1,872,463

 
$
1,804,209

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
616,568

 
573,426

Equity investments
 
 
4,297

 
4,871

Liquidating businesses and other
 
 
139,995

 
171,420

Elimination of segment asset allocations to match liabilities
 
 
(489,007
)
 
(449,392
)
Consolidated total assets
 
 
$
2,144,316

 
$
2,104,534
Reconciliation of Assets from Segment to Consolidated
The table below presents a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. The adjustments presented in the table below include consolidated income, expense and asset amounts not specifically allocated to individual business segments.
 
 
 
 
 
 
Business Segment Reconciliations
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2015
 
2014
 
2013
Segments’ total revenue, net of interest expense (FTE basis)
$
81,852

 
$
84,393

 
$
83,678

Adjustments:
 

 
 

 
 

ALM activities
77

 
(1,008
)
 
(1,658
)
Equity investment income
261

 
1,130

 
2,901

Liquidating businesses and other
1,750

 
1,122

 
4,880

FTE basis adjustment
(890
)
 
(850
)
 
(859
)
Consolidated revenue, net of interest expense
$
83,050

 
$
84,787

 
$
88,942

Segments’ total net income
$
16,771

 
$
17,335

 
$
14,979

Adjustments, net-of-taxes:
 

 
 

 
 

ALM activities
(518
)
 
(894
)
 
(1,558
)
Equity investment income
162

 
706

 
1,828

Liquidating businesses and other
(527
)
 
(12,314
)
 
(3,818
)
Consolidated net income
$
15,888

 
$
4,833

 
$
11,431

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2015
 
2014
Segments’ total assets
 
 
$
1,872,463

 
$
1,804,209

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
616,568

 
573,426

Equity investments
 
 
4,297

 
4,871

Liquidating businesses and other
 
 
139,995

 
171,420

Elimination of segment asset allocations to match liabilities
 
 
(489,007
)
 
(449,392
)
Consolidated total assets
 
 
$
2,144,316

 
$
2,104,534