XML 21 R9.htm IDEA: XBRL DOCUMENT v3.23.2
Net Interest Income and Noninterest Income
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Net Interest Income and Noninterest Income Net Interest Income and Noninterest Income
The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for the three and six months ended June 30, 2023 and 2022. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2022 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 June 30Six Months Ended June 30
(Dollars in millions)2023202220232022
Net interest income
Interest income
Loans and leases$13,970 $8,222 $27,067 $15,574 
Debt securities4,691 4,049 10,151 7,872 
Federal funds sold and securities borrowed or purchased under agreements to resell4,955 396 8,667 389 
Trading account assets2,076 1,223 4,104 2,304 
Other interest income6,662 1,085 11,020 1,730 
Total interest income32,354 14,975 61,009 27,869 
Interest expense
Deposits5,785 320 10,099 484 
Short-term borrowings8,355 553 14,535 441 
Trading account liabilities472 370 976 734 
Long-term debt3,584 1,288 6,793 2,194 
Total interest expense18,196 2,531 32,403 3,853 
Net interest income$14,158 $12,444 $28,606 $24,016 
Noninterest income
Fees and commissions
Card income
Interchange fees (1)
$1,023 $1,072 $1,979 $2,007 
Other card income523 483 1,036 951 
Total card income1,546 1,555 3,015 2,958 
Service charges
Deposit-related fees1,045 1,417 2,142 2,947 
Lending-related fees319 300 632 603 
Total service charges1,364 1,717 2,774 3,550 
Investment and brokerage services
Asset management fees2,969 3,102 5,887 6,388 
Brokerage fees870 989 1,804 1,995 
Total investment and brokerage services 3,839 4,091 7,691 8,383 
Investment banking fees
Underwriting income657 435 1,226 1,107 
Syndication fees180 301 411 613 
Financial advisory services375 392 738 865 
Total investment banking fees1,212 1,128 2,375 2,585 
Total fees and commissions7,961 8,491 15,855 17,476 
Market making and similar activities3,697 2,717 8,409 5,955 
Other income (loss)(619)(964)(1,415)(1,531)
Total noninterest income$11,039 $10,244 $22,849 $21,900 
(1)Gross interchange fees and merchant income are $3.4 billion and $3.3 billion for the three months ended June 30, 2023 and 2022 and are presented net of $2.4 billion and $2.2 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods. Gross interchange fees and merchant income were $6.6 billion and $6.2 billion for the six months ended June 30, 2023 and 2022 and are presented net of $4.6 billion and $4.2 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.