Fee-Based Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income

Table 78 presents the noninterest income recognized within the scope of Topic 606 for each of our three reportable business segments’ principal products and services, along with the relationship to the noninterest income revenue streams shown on our Consolidated Income Statement. For a description of the fee-based revenue and how it is recognized for each segment’s principal products and services, see Note 23 Fee-based Revenue from Contracts with Customers in our 2023 Form 10-K.

Table 78: Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income

Three months ended March 31 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group
2024
Asset management and brokerage
Asset management fees					$	227
Brokerage fees	$	137
Total asset management and brokerage	137				227
Card and cash management
Treasury management fees	10		$	357
Debit card fees	167
Net credit card fees (a)	45
Merchant services	37		19
Other	22
Total card and cash management	281		376
Lending and deposit services
Deposit account fees	155
Other	16		9
Total lending and deposit services	171		9
Residential and commercial mortgage (b)			30
Capital markets and advisory			190
Other			17
Total in-scope noninterest income	589		622		227
Out-of-scope noninterest income (c)	175		266		3
Noninterest income by business segment	$	764	$	888	$	230
Reconciliation to consolidated noninterest income	For the three months ended March 31, 2024
Total in-scope business segment noninterest income					$	1,438
Out-of-scope business segment noninterest income (c)					444
Noninterest income from other segments					(1)
Noninterest income as shown on the Consolidated Income Statement					$	1,881

(Continued from previous page)
Three months ended March 31 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group
2023
Asset management and brokerage
Asset management fees					$	224
Brokerage fees	$	130			2
Total asset management and brokerage	130				226
Card and cash management
Treasury management fees	10		$	328
Debit card fees	165
Net credit card fees (a)	58
Merchant services	39		19
Other	24
Total card and cash management	296		347
Lending and deposit services
Deposit account fees	155
Other	18		8
Total lending and deposit services	173		8
Residential and commercial mortgage (b)			42
Capital markets and advisory			156
Other			8
Total in-scope noninterest income	599		561		226
Out-of-scope noninterest income (c)	144		325		4
Noninterest income by business segment	$	743	$	886	$	230
Reconciliation to consolidated noninterest income	For the three months ended March 31, 2023
Total in-scope business segment noninterest income					$	1,386
Out-of-scope business segment noninterest income (c)					473
Noninterest income from other segments					159
Noninterest income as shown on the Consolidated Income Statement					$	2,018

(a)Net credit card fees consists of interchange fees of $158 million and $160 million and credit card reward costs of $113 million and $102 million for the three months ended March 31, 2024 and 2023, respectively.

(b)Residential mortgage noninterest income falls under the scope of other accounting and disclosure requirements outside of Topic 606 and is included within the out-of-scope noninterest income line for the Retail Banking segment.

(c)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.