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Business Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Business Segment Information Business Segment InformationThe Corporation reports its results of operations through the following four business segments: Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets, with the remaining operations recorded in All Other. For more information, see Note 23 – Business Segment Information to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K. The following tables present net income and the components thereto (with net interest income on an FTE basis for the business segments, All Other and the total Corporation) for the three and nine months ended September 30, 2022 and 2021, and total assets at September 30, 2022 and 2021 for each business segment, as well as All Other.
Results of Business Segments and All Other
At and for the three months ended September 30
Total Corporation (1)
Consumer BankingGlobal Wealth & Investment Management
(Dollars in millions)202220212022202120222021
Net interest income$13,871 $11,195 $7,784 $6,493 $1,981 $1,452 
Noninterest income10,737 11,672 2,120 2,345 3,448 3,858 
Total revenue, net of interest expense24,608 22,867 9,904 8,838 5,429 5,310 
Provision for credit losses898 (624)738 247 37 (58)
Noninterest expense15,303 14,440 5,097 4,558 3,816 3,744 
Income before income taxes8,407 9,051 4,069 4,033 1,576 1,624 
Income tax expense1,325 1,360 997 988 386 398 
Net income$7,082 $7,691 $3,072 $3,045 $1,190 $1,226 
Period-end total assets$3,072,953 $3,085,446 $1,149,918 $1,091,431 $370,790 $393,708 
 Global BankingGlobal MarketsAll Other
 202220212022202120222021
Net interest income$3,326 $2,185 $743 $1,000 $37 $65 
Noninterest income2,265 3,060 3,740 3,519 (836)(1,110)
Total revenue, net of interest expense5,591 5,245 4,483 4,519 (799)(1,045)
Provision for credit losses170 (781)11 16 (58)(48)
Noninterest expense2,651 2,534 3,023 3,252 716 352 
Income before income taxes2,770 3,492 1,449 1,251 (1,457)(1,349)
Income tax expense734 943 384 325 (1,176)(1,294)
Net income$2,036 $2,549 $1,065 $926 $(281)$(55)
Period-end total assets$575,442 $623,640 $848,752 $776,929 $128,051 $199,738 
(1)There were no material intersegment revenues.

Results of Business Segments and All Other
At and for the nine months ended September 30
Total Corporation (1)
Consumer BankingGlobal Wealth & Investment Management
(Dollars in millions)202220212022202120222021
Net interest income$38,096 $31,846 $21,551 $18,386 $5,451 $4,137 
Noninterest income32,637 35,529 6,302 6,707 10,887 11,209 
Total revenue, net of interest expense70,733 67,375 27,853 25,093 16,338 15,346 
Provision for credit losses1,451 (4,105)1,036 (1,067)29 (185)
Noninterest expense45,895 45,000 14,977 14,548 11,706 11,425 
Income before income taxes23,387 26,480 11,840 11,612 4,603 4,106 
Income tax expense2,991 1,515 2,901 2,845 1,128 1,006 
Net income$20,396 $24,965 $8,939 $8,767 $3,475 $3,100 
Period-end total assets$3,072,953 $3,085,446 $1,149,918 $1,091,431 $370,790 $393,708 
 Global BankingGlobal MarketsAll Other
 202220212022202120222021
Net interest income$8,304 $6,150 $2,717 $2,980 $73 $193 
Noninterest income7,487 8,817 11,560 12,457 (3,599)(3,661)
Total revenue, net of interest expense15,791 14,967 14,277 15,437 (3,526)(3,468)
Provision for credit losses492 (2,738)24 33 (130)(148)
Noninterest expense8,133 7,915 9,249 10,150 1,830 962 
Income before income taxes7,166 9,790 5,004 5,254 (5,226)(4,282)
Income tax expense1,899 2,643 1,326 1,366 (4,263)(6,345)
Net income$5,267 $7,147 $3,678 $3,888 $(963)$2,063 
Period-end total assets$575,442 $623,640 $848,752 $776,929 $128,051 $199,738 
(1) There were no material intersegment revenues.
The tables below present noninterest income and the associated components for the three and nine months ended September 30, 2022 and 2021 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income.
Noninterest Income by Business Segment and All Other
Total CorporationConsumer BankingGlobal Wealth &
Investment Management
Three Months Ended September 30
(Dollars in millions)202220212022202120222021
Fees and commissions:
Card income
Interchange fees $1,060 $1,154 $834 $905 $4 $11 
Other card income 513 429 497 412 12 12 
Total card income1,573 1,583 1,331 1,317 16 23 
Service charges
Deposit-related fees1,162 1,619 597 935 18 18 
Lending-related fees304 309 — — — — 
Total service charges1,466 1,928 597 935 18 18 
Investment and brokerage services
Asset management fees2,920 3,276 47 49 2,874 3,228 
Brokerage fees875 960 26 32 381 454 
Total investment and brokerage services
3,795 4,236 73 81 3,255 3,682 
Investment banking fees
Underwriting income452 1,168 — — 47 83 
Syndication fees283 346 — — — — 
Financial advisory services432 654 — — — — 
Total investment banking fees1,167 2,168 — — 47 83 
Total fees and commissions 8,001 9,915 2,001 2,333 3,336 3,806 
Market making and similar activities3,068 2,005 3 — 30 9 
Other income (loss)(332)(248)116 12 82 43 
Total noninterest income$10,737 $11,672 $2,120 $2,345 $3,448 $3,858 
Global BankingGlobal Markets
All Other (1)
Three Months Ended September 30
202220212022202120222021
Fees and commissions:
Card income
Interchange fees $204 $180 $18 $59 $— $(1)
Other card income 2 5 — — 2 — 
Total card income206 185 18 59 2 (1)
Service charges
Deposit-related fees524 633 24 30 (1)3 
Lending-related fees247 256 57 53 — — 
Total service charges771 889 81 83 (1)3 
Investment and brokerage services
Asset management fees— — — — (1)(1)
Brokerage fees11 9 457 471 — (6)
Total investment and brokerage services
11 9 457 471 (1)(7)
Investment banking fees
Underwriting income181 512 260 629 (36)(56)
Syndication fees148 177 135 170 — (1)
Financial advisory services397 608 35 45 — 1 
Total investment banking fees726 1,297 430 844 (36)(56)
Total fees and commissions 1,714 2,380 986 1,457 (36)(61)
Market making and similar activities52 40 2,874 2,014 109 (58)
Other income (loss)499 640 (120)48 (909)(991)
Total noninterest income$2,265 $3,060 $3,740 $3,519 $(836)$(1,110)
(1)All Other includes eliminations of intercompany transactions.
Noninterest Income by Business Segment and All Other
Total CorporationConsumer BankingGlobal Wealth &
Investment Management
Nine Months Ended September 30
(Dollars in millions)202220212022202120222021
Fees and commissions:
Card income
Interchange fees $3,067 $3,431 $2,430 $2,687 $15 $33 
Other card income 1,464 1,173 1,406 1,131 36 29 
Total card income4,531 4,604 3,836 3,818 51 62 
Service charges
Deposit-related fees4,109 4,671 2,120 2,617 56 54 
Lending-related fees907 923 — — — — 
Total service charges5,016 5,594 2,120 2,617 56 54 
Investment and brokerage services
Asset management fees9,308 9,434 149 136 9,164 9,298 
Brokerage fees2,870 2,988 83 100 1,231 1,312 
Total investment and brokerage services
12,178 12,422 232 236 10,395 10,610 
Investment banking fees
Underwriting income1,559 4,028 — — 154 305 
Syndication fees896 1,047 — — — — 
Financial advisory services1,297 1,461 — — — — 
Total investment banking fees3,752 6,536 — — 154 305 
Total fees and commissions 25,477 29,156 6,188 6,671 10,656 11,031 
Market making and similar activities9,023 7,360 5 1 66 31 
Other income (loss)(1,863)(987)109 35 165 147 
Total noninterest income$32,637 $35,529 $6,302 $6,707 $10,887 $11,209 
Global BankingGlobal Markets
All Other (1)
Nine Months Ended September 30
202220212022202120222021
Fees and commissions:
Card income
Interchange fees $573 $503 $49 $208 $— $— 
Other card income 5 12 — — 17 1 
Total card income578 515 49 208 17 1 
Service charges
Deposit-related fees1,849 1,877 80 117 4 6 
Lending-related fees741 760 166 163 — — 
Total service charges2,590 2,637 246 280 4 6 
Investment and brokerage services
Asset management fees— — — — (5)— 
Brokerage fees36 90 1,520 1,504 — (18)
Total investment and brokerage services
36 90 1,520 1,504 (5)(18)
Investment banking fees
Underwriting income635 1,754 944 2,165 (174)(196)
Syndication fees466 547 430 500 — — 
Financial advisory services1,197 1,341 99 119 1 1 
Total investment banking fees2,298 3,642 1,473 2,784 (173)(195)
Total fees and commissions 5,502 6,884 3,288 4,776 (157)(206)
Market making and similar activities181 99 8,721 7,448 50 (219)
Other income (loss)1,804 1,834 (449)233 (3,492)(3,236)
Total noninterest income$7,487 $8,817 $11,560 $12,457 $(3,599)$(3,661)
(1)All Other includes eliminations of intercompany transactions.
Business Segment Reconciliations
Three Months Ended September 30Nine Months Ended September 30
(Dollars in millions)2022202120222021
Segments’ total revenue, net of interest expense$25,407 $23,912 $74,259 $70,843 
Adjustments (1):
    
Asset and liability management activities(13)3 (146)(41)
Liquidating businesses, eliminations and other(786)(1,048)(3,380)(3,427)
FTE basis adjustment(106)(101)(315)(322)
Consolidated revenue, net of interest expense$24,502 $22,766 $70,418 $67,053 
Segments’ total net income7,363 7,746 21,359 22,902 
Adjustments, net-of-tax (1):
  
Asset and liability management activities(24)10 (106)(20)
Liquidating businesses, eliminations and other(257)(65)(857)2,083 
Consolidated net income$7,082 $7,691 $20,396 $24,965 
September 30
20222021
Segments’ total assets$2,944,902 $2,885,708 
Adjustments (1):
Asset and liability management activities, including securities portfolio1,129,824 1,296,026 
Elimination of segment asset allocations to match liabilities(1,065,057)(1,162,175)
Other63,284 65,887 
Consolidated total assets$3,072,953 $3,085,446 
(1)Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.