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Net Interest Income and Noninterest Income (Tables)
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for the three months ended March 31, 2021 and 2020. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2020 Annual Report on Form 10-K. For a disaggregation of noninterest income by business segment and All Other, see Note 17 – Business Segment Information.
Three Months Ended March 31
(Dollars in millions)20212020
Net interest income
Interest income
Loans and leases$7,234 $9,963 
Debt securities2,730 2,843 
Federal funds sold and securities borrowed or purchased under agreements to resell(7)819 
Trading account assets872 1,247 
Other interest income566 1,226 
Total interest income11,395 16,098 
Interest expense
Deposits133 1,184 
Short-term borrowings(79)1,120 
Trading account liabilities246 329 
Long-term debt898 1,335 
Total interest expense1,198 3,968 
Net interest income$10,197 $12,130 
Noninterest income
Fees and commissions
Card income
Interchange fees (1)
$1,067 $792 
Other card income368 480 
Total card income1,435 1,272 
Service charges
Deposit-related fees1,495 1,627 
Lending-related fees297 276 
Total service charges1,792 1,903 
Investment and brokerage services
Asset management fees3,002 2,682 
Brokerage fees1,061 1,076 
Total investment and brokerage services 4,063 3,758 
Investment banking fees
Underwriting income1,546 848 
Syndication fees300 271 
Financial advisory services400 269 
Total investment banking fees2,246 1,388 
Total fees and commissions9,536 8,321 
Market making and similar activities3,529 2,807 
Other income (loss)(441)(491)
Total noninterest income$12,624 $10,637 
(1)Gross interchange fees and merchant income were $2.5 billion and $2.3 billion for the three months ended March 31, 2021 and 2020 and are presented net of $1.4 billion and $1.5 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.