Results of Businesses |
Table 99: Results of Businesses | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31 In millions | | Retail Banking |
| | Corporate & Institutional Banking |
| | Asset Management Group |
| | BlackRock |
| | Other |
| | Consolidated (a) |
| 2018 | | | | | | | | | | | | | Income Statement | | | | | | | | | | | | | Net interest income | | $ | 5,119 |
| | $ | 3,551 |
| | $ | 287 |
| | | | $ | 764 |
| | $ | 9,721 |
| Noninterest income | | 2,631 |
| | 2,406 |
| | 892 |
| | $ | 935 |
| | 547 |
| | 7,411 |
| Total revenue | | 7,750 |
| | 5,957 |
| | 1,179 |
| | 935 |
| | 1,311 |
| | 17,132 |
| Provision for credit losses (benefit) | | 373 |
| | 85 |
| | 2 |
| | | | (52 | ) | | 408 |
| Depreciation and amortization | | 206 |
| | 186 |
| | 52 |
| | | | 496 |
| | 940 |
| Other noninterest expense | | 5,772 |
| | 2,520 |
| | 861 |
| | |
| | 203 |
| | 9,356 |
| Income (loss) before income taxes (benefit) and noncontrolling interests | | 1,399 |
| | 3,166 |
| | 264 |
| | 935 |
| | 664 |
| | 6,428 |
| Income taxes (benefit) | | 335 |
| | 658 |
| | 62 |
| | 154 |
| | (127 | ) | | 1,082 |
| Net income | | $ | 1,064 |
| | $ | 2,508 |
| | $ | 202 |
| | $ | 781 |
| | $ | 791 |
| | $ | 5,346 |
| Average Assets (b) | | $ | 89,739 |
| | $ | 154,119 |
| | $ | 7,423 |
| | $ | 8,061 |
| | $ | 118,893 |
| | $ | 378,235 |
| 2017 | | | | | | | | | | | | | Income Statement | | | | | | | | | | | | | Net interest income | | $ | 4,625 |
| | $ | 3,396 |
| | $ | 287 |
| | | | $ | 800 |
| | $ | 9,108 |
| Noninterest income | | 2,236 |
| | 2,271 |
| | 881 |
| | $ | 1,078 |
| | 755 |
| | 7,221 |
| Total revenue | | 6,861 |
| | 5,667 |
| | 1,168 |
| | 1,078 |
| | 1,555 |
| | 16,329 |
| Provision for credit losses (benefit) | | 347 |
| | 160 |
| | 1 |
| | | | (67 | ) | | 441 |
| Depreciation and amortization | | 177 |
| | 184 |
| | 50 |
| | | | 510 |
| | 921 |
| Other noninterest expense | | 5,569 |
| | 2,370 |
| | 855 |
| | |
| | 683 |
| | 9,477 |
| Income (loss) before income taxes (benefit) and noncontrolling interests | | 768 |
| | 2,953 |
| | 262 |
| | 1,078 |
| | 429 |
| | 5,490 |
| Income taxes (benefit) | | 321 |
| | 520 |
| | 75 |
| | (686 | ) | | (128 | ) | | 102 |
| Net income | | $ | 447 |
| | $ | 2,433 |
| | $ | 187 |
| | $ | 1,764 |
| | $ | 557 |
| | $ | 5,388 |
| Average Assets (b) | | $ | 88,663 |
| | $ | 148,414 |
| | $ | 7,511 |
| | $ | 7,677 |
| | $ | 119,504 |
| | $ | 371,769 |
| 2016 | | | | | | | | | | | | | Income Statement | | | | | | | | | | | | | Net interest income | | $ | 4,509 |
| | $ | 3,181 |
| | $ | 300 |
| | | | $ | 401 |
| | $ | 8,391 |
| Noninterest income | | 2,693 |
| | 2,035 |
| | 851 |
| | $ | 685 |
| | 507 |
| | 6,771 |
| Total revenue | | 7,202 |
| | 5,216 |
| | 1,151 |
| | 685 |
| | 908 |
| | 15,162 |
| Provision for credit losses (benefit) | | 297 |
| | 177 |
| | (6 | ) | | | | (35 | ) | | 433 |
| Depreciation and amortization | | 175 |
| | 153 |
| | 45 |
| | | | 470 |
| | 843 |
| Other noninterest expense | | 5,347 |
| | 2,174 |
| | 813 |
| | |
| | 299 |
| | 8,633 |
| Income (loss) before income taxes (benefit) and noncontrolling interests | | 1,383 |
| | 2,712 |
| | 299 |
| | 685 |
| | 174 |
| | 5,253 |
| Income taxes (benefit) | | 510 |
| | 871 |
| | 110 |
| | 153 |
| | (376 | ) | | 1,268 |
| Net income | | $ | 873 |
| | $ | 1,841 |
| | $ | 189 |
| | $ | 532 |
| | $ | 550 |
| | $ | 3,985 |
| Average Assets (b) | | $ | 85,871 |
| | $ | 140,309 |
| | $ | 7,707 |
| | $ | 7,118 |
| | $ | 120,255 |
| | $ | 361,260 |
|
| | (a) | There were no material intersegment revenues for 2018, 2017 and 2016. |
| | (b) | Period-end balances for BlackRock. |
|