Net Interest Income and Noninterest Income (Tables)

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for 2020, 2019 and 2018. For more information, see Note 1 – Summary of Significant Accounting Principles. For a disaggregation of noninterest income by business segment and All Other, see Note 23 – Business Segment Information.




(Dollars in millions)	2020		2019		2018
Net interest income
Interest income
Loans and leases	$	34,029	$	43,086	$	40,811
Debt securities	9,790		11,806		11,724
Federal funds sold and securities borrowed or purchased under agreements to resell	903		4,843		3,176
Trading account assets	4,128		5,196		4,811
Other interest income	2,735		6,305		6,247
Total interest income	51,585		71,236		66,769

Interest expense
Deposits	1,943		7,188		4,495
Short-term borrowings	987		7,208		5,839
Trading account liabilities	974		1,249		1,358
Long-term debt	4,321		6,700		6,915
Total interest expense	8,225		22,345		18,607
Net interest income	$	43,360	$	48,891	$	48,162

Noninterest income
Fees and commissions
Card income
Interchange fees (1)	$	3,954	$	3,834	$	3,866
Other card income	1,702		1,963		1,958
Total card income	5,656		5,797		5,824
Service charges
Deposit-related fees	5,991		6,588		6,667
Lending-related fees	1,150		1,086		1,100
Total service charges	7,141		7,674		7,767
Investment and brokerage services
Asset management fees	10,708		10,241		10,189
Brokerage fees	3,866		3,661		3,971
Total investment and brokerage services	14,574		13,902		14,160
Investment banking fees
Underwriting income	4,698		2,998		2,722
Syndication fees	861		1,184		1,347
Financial advisory services	1,621		1,460		1,258
Total investment banking fees	7,180		5,642		5,327
Total fees and commissions	34,551		33,015		33,078
Market making and similar activities	8,355		9,034		9,008
Other income (loss)	(738)		304		772
Total noninterest income	$	42,168	$	42,353	$	42,858

(1)Gross interchange fees were $9.2 billion, $10.0 billion and $9.5 billion for 2020, 2019 and 2018, respectively, and are presented net of $5.5 billion, $6.2 billion and $5.6 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.