Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Results of Businesses

Table 71: Results of Businesses

Three months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group			BlackRock		Other			Consolidated (a)
2019
Income Statement
Net interest income	$	1,376	$	897	$	68				$	157		$	2,498
Noninterest income	657		661		286			$	224	113			1,941
Total revenue	2,033		1,558		354			224		270			4,439
Provision for credit losses (benefit)	81		100							(1		)	180
Depreciation and amortization	59		50		28					120			257
Other noninterest expense	1,468		648		221					17			2,354
Income before income taxes and noncontrolling interests	425		760		105			224		134			1,648
Income taxes (benefit)	100		158		25			35		(44		)	274
Net income	$	325	$	602	$	80		$	189	$	178		$	1,374
Average Assets (b)	$	92,350	$	163,897	$	7,150		$	8,184	$	125,381		$	396,962
2018
Income Statement
Net interest income	$	1,277	$	877	$	72				$	187		$	2,413
Noninterest income	678		635		222			$	232	144			1,911
Total revenue	1,955		1,512		294			232		331			4,324
Provision for credit losses (benefit)	72		15		7					(14		)	80
Depreciation and amortization	47		45		13					132			237
Other noninterest expense	1,474		623		218					32			2,347
Income before income taxes and noncontrolling interests	362		829		56			232		181			1,660
Income taxes (benefit)	88		177		13			37		(11		)	304
Net income	$	274	$	652	$	43		$	195	$	192		$	1,356
Average Assets (b)	$	89,021	$	153,619	$	7,469		$	7,811	$	117,707		$	375,627
Six months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group			BlackRock		Other			Consolidated (a)
2019
Income Statement
Net interest income	$	2,725	$	1,774	$	138				$	336		$	4,973
Noninterest income	1,252		1,237		503			$	457	303			3,752
Total revenue	3,977		3,011		641			457		639			8,725
Provision for credit losses (benefit)	209		171		(1		)			(10		)	369
Depreciation and amortization	110		100		40					241			491
Other noninterest expense	2,885		1,284		439					90			4,698
Income before income taxes and noncontrolling interests	773		1,456		163			457		318			3,167
Income taxes (benefit)	184		302		38			71		(73		)	522
Net income	$	589	$	1,154	$	125		$	386	$	391		$	2,645
Average Assets (b)	$	91,805	$	160,551	$	7,204		$	8,184	$	123,717		$	391,461
2018
Income Statement
Net interest income	$	2,495	$	1,738	$	146				$	395		$	4,774
Noninterest income	1,313		1,182		448			$	467	251			3,661
Total revenue	3,808		2,920		594			467		646			8,435
Provision for credit losses (benefit)	141		56							(25		)	172
Depreciation and amortization	92		93		25					260			470
Other noninterest expense	2,885		1,228		431					97			4,641
Income before income taxes and noncontrolling interests	690		1,543		138			467		314			3,152
Income taxes (benefit)	167		328		33			75		(46		)	557
Net income	$	523	$	1,215	$	105		$	392	$	360		$	2,595
Average Assets (b)	$	88,879	$	152,769	$	7,484		$	7,811	$	119,006		$	375,949

(a) There were no material intersegment revenues for the three and six months ended June 30, 2019 and 2018.

(b)

Period-end balances for BlackRock.