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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)
 
 
 
 
$
39,847

$
41,630

$
41,578

 
$
20,428

$
20,790

$
20,548

Noninterest income
 
 
 
 
44,007

45,115

46,783

 
11,097

11,038

11,820

Total revenue, net of interest expense (FTE basis)
 
 
 
 
83,854

86,745

88,361

 
31,525

31,828

32,368

Provision for credit losses
 
 
 
 
3,161

2,275

3,556

 
2,346

2,470

2,957

Noninterest expense
 
 
 
 
57,734

75,656

69,213

 
18,716

19,390

20,711

Income before income taxes (FTE basis)
 
 
 
 
22,959

8,814

15,592

 
10,463

9,968

8,700

Income tax expense (FTE basis)
 
 
 
 
7,123

3,294

5,053

 
3,814

3,717

3,186

Net income
 
 
 
 
$
15,836

$
5,520

$
10,539

 
$
6,649

$
6,251

$
5,514

Year-end total assets
 
 
 
 
$
2,144,287

$
2,104,539

 

 
$
645,427

$
599,066

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Global Wealth &
Investment Management
 
Global Banking
 
 
 
 
 
2015
2014
2013
 
2015
2014
2013
Net interest income (FTE basis)
 
 
 
 
$
5,527

$
5,830

$
5,733

 
$
9,244

$
9,752

$
9,485

Noninterest income
 
 
 
 
12,507

12,573

11,735

 
8,377

8,514

7,744

Total revenue, net of interest expense (FTE basis)
 
 
 
 
18,034

18,403

17,468

 
17,621

18,266

17,229

Provision for credit losses
 
 
 
 
51

14

56

 
686

325

1,140

Noninterest expense
 
 
 
 
13,943

13,836

13,219

 
8,481

8,806

8,149

Income before income taxes (FTE basis)
 
 
 
 
4,040

4,553

4,193

 
8,454

9,135

7,940

Income tax expense (FTE basis)
 
 
 
 
1,473

1,698

1,536

 
3,114

3,353

2,912

Net income
 
 
 
 
$
2,567

$
2,855

$
2,657

 
$
5,340

$
5,782

$
5,028

Year-end total assets
 
 
 
 
$
296,271

$
274,954

 

 
$
386,132

$
353,637

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Global Markets
 
All Other
 
 
 
 
 
2015
2014
2013
 
2015
2014
2013
Net interest income (FTE basis)
 
 
 
 
$
4,191

$
3,851

$
4,056

 
$
457

$
1,407

$
1,756

Noninterest income
 
 
 
 
10,822

12,279

11,322

 
1,204

711

4,162

Total revenue, net of interest expense (FTE basis)
 
 
 
 
15,013

16,130

15,378

 
1,661

2,118

5,918

Provision for credit losses
 
 
 
 
99

110

143

 
(21
)
(644
)
(740
)
Noninterest expense
 
 
 
 
11,374

11,989

12,222

 
5,220

21,635

14,912

Income (loss) before income taxes (FTE basis)
 
 
 
 
3,540

4,031

3,013

 
(3,538
)
(18,873
)
(8,254
)
Income tax expense (benefit) (FTE basis)
 
 
 
 
1,117

1,441

2,012

 
(2,395
)
(6,915
)
(4,593
)
Net income (loss)
 
 
 
 
$
2,423

$
2,590

$
1,001

 
$
(1,143
)
$
(11,958
)
$
(3,661
)
Year-end total assets
 
 
 
 
$
548,790

$
576,552

 

 
$
267,667

$
300,330

 


(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)
$
82,193

 
$
84,627

 
$
82,443

Adjustments:
 

 
 

 
 

ALM activities
(231
)
 
(18
)
 
(646
)
Equity investment income
261

 
1,130

 
2,901

Liquidating businesses and other
1,631

 
1,006

 
3,663

FTE basis adjustment
(889
)
 
(851
)
 
(859
)
Consolidated revenue, net of interest expense
$
82,965

 
$
85,894

 
$
87,502

Segments’ total net income
$
16,979

 
$
17,478

 
$
14,200

Adjustments, net-of-taxes:
 

 
 

 
 

ALM activities
(708
)
 
(280
)
 
(934
)
Equity investment income
162

 
706

 
1,828

Liquidating businesses and other
(597
)
 
(12,384
)
 
(4,555
)
Consolidated net income
$
15,836

 
$
5,520

 
$
10,539

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2015
 
2014
Segments’ total assets
 
 
$
1,876,620

 
$
1,804,209

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
612,364

 
569,320

Equity investments
 
 
4,297

 
4,871

Liquidating businesses and other
 
 
140,013

 
169,586

Elimination of segment asset allocations to match liabilities
 
 
(489,007
)
 
(443,447
)
Consolidated total assets
 
 
$
2,144,287

 
$
2,104,539



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)
$
82,193

 
$
84,627

 
$
82,443

Adjustments:
 

 
 

 
 

ALM activities
(231
)
 
(18
)
 
(646
)
Equity investment income
261

 
1,130

 
2,901

Liquidating businesses and other
1,631

 
1,006

 
3,663

FTE basis adjustment
(889
)
 
(851
)
 
(859
)
Consolidated revenue, net of interest expense
$
82,965

 
$
85,894

 
$
87,502

Segments’ total net income
$
16,979

 
$
17,478

 
$
14,200

Adjustments, net-of-taxes:
 

 
 

 
 

ALM activities
(708
)
 
(280
)
 
(934
)
Equity investment income
162

 
706

 
1,828

Liquidating businesses and other
(597
)
 
(12,384
)
 
(4,555
)
Consolidated net income
$
15,836

 
$
5,520

 
$
10,539

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2015
 
2014
Segments’ total assets
 
 
$
1,876,620

 
$
1,804,209

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
612,364

 
569,320

Equity investments
 
 
4,297

 
4,871

Liquidating businesses and other
 
 
140,013

 
169,586

Elimination of segment asset allocations to match liabilities
 
 
(489,007
)
 
(443,447
)
Consolidated total assets
 
 
$
2,144,287

 
$
2,104,539



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)
$
82,193

 
$
84,627

 
$
82,443

Adjustments:
 

 
 

 
 

ALM activities
(231
)
 
(18
)
 
(646
)
Equity investment income
261

 
1,130

 
2,901

Liquidating businesses and other
1,631

 
1,006

 
3,663

FTE basis adjustment
(889
)
 
(851
)
 
(859
)
Consolidated revenue, net of interest expense
$
82,965

 
$
85,894

 
$
87,502

Segments’ total net income
$
16,979

 
$
17,478

 
$
14,200

Adjustments, net-of-taxes:
 

 
 

 
 

ALM activities
(708
)
 
(280
)
 
(934
)
Equity investment income
162

 
706

 
1,828

Liquidating businesses and other
(597
)
 
(12,384
)
 
(4,555
)
Consolidated net income
$
15,836

 
$
5,520

 
$
10,539

 
 
 
 
 
 
 
 
 
December 31
 
 
 
2015
 
2014
Segments’ total assets
 
 
$
1,876,620

 
$
1,804,209

Adjustments:
 
 
 

 
 

ALM activities, including securities portfolio
 
 
612,364

 
569,320

Equity investments
 
 
4,297

 
4,871

Liquidating businesses and other
 
 
140,013

 
169,586

Elimination of segment asset allocations to match liabilities
 
 
(489,007
)
 
(443,447
)
Consolidated total assets
 
 
$
2,144,287

 
$
2,104,539