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Operating Segments (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Operating Segments
Table 27.1 presents our results by operating segment.
Table 27.1: Operating Segments
(income/expense in millions, average balances in billions)
Community 
 Banking 

 
Wholesale 
 Banking 

 
Wealth and Investment Management

 
Other (1) 

 
Consolidated
 Company 

2019
 
 
 
 
 
 
 
 
 
Net interest income (2) 
$
27,610

 
17,699

 
4,037

 
(2,115
)
 
47,231

Provision (reversal of provision) for credit losses
2,319

 
378

 
5

 
(15
)
 
2,687

Noninterest income
17,706

 
9,978

 
13,304

 
(3,156
)
 
37,832

Noninterest expense
32,696

 
15,352

 
13,709

 
(3,579
)
 
58,178

Income (loss) before income tax expense (benefit)
10,301

 
11,947


3,627


(1,677
)

24,198

Income tax expense (benefit) (3)
2,426

 
1,246

 
904

 
(419
)
 
4,157

Net income (loss) before noncontrolling interests
7,875

 
10,701

 
2,723

 
(1,258
)
 
20,041

Less: Net income (loss) from noncontrolling interests
477

 
5

 
10

 
—

 
492

Net income (loss)
$
7,398

 
10,696

 
2,713

 
(1,258
)
 
19,549

2018
 
 
 
 
 
 
 
 
 
Net interest income (2)
$
29,219

 
18,690

 
4,441

 
(2,355
)
 
49,995

Provision (reversal of provision) for credit losses
1,783

 
(58
)
 
(5
)
 
24

 
1,744

Noninterest income
17,694

 
10,016

 
11,935

 
(3,232
)
 
36,413

Noninterest expense
30,491

 
16,157

 
12,938

 
(3,460
)
 
56,126

Income (loss) before income tax expense (benefit)
14,639

 
12,607

 
3,443

 
(2,151
)
 
28,538

Income tax expense (benefit) (3)
3,784

 
1,555

 
861

 
(538
)
 
5,662

Net income (loss) before noncontrolling interests
10,855

 
11,052

 
2,582

 
(1,613
)
 
22,876

Less: Net income (loss) from noncontrolling interests
461

 
20

 
2

 
—

 
483

Net income (loss)
$
10,394

 
11,032

 
2,580

 
(1,613
)
 
22,393

2017
 
 
 
 
 
 
 
 
 
Net interest income (2)
$
28,658

 
18,810

 
4,641

 
(2,552
)
 
49,557

Provision (reversal of provision) for credit losses
2,555

 
(19
)
 
(5
)
 
(3
)
 
2,528

Noninterest income
18,360

 
11,190

 
12,431

 
(3,149
)
 
38,832

Noninterest expense
32,615

 
16,624

 
12,623

 
(3,378
)
 
58,484

Income (loss) before income tax expense (benefit)
11,848

 
13,395

 
4,454

 
(2,320
)
 
27,377

Income tax expense (benefit) (3)
634

 
3,496

 
1,668

 
(881
)
 
4,917

Net income (loss) before noncontrolling interests
11,214

 
9,899

 
2,786

 
(1,439
)
 
22,460

Less: Net income (loss) from noncontrolling interests
276

 
(15
)
 
16

 
—

 
277

Net income (loss)
$
10,938

 
9,914

 
2,770

 
(1,439
)
 
22,183

2019
 
 
 
 
 
 
 
 
 
Average loans
$
459.4

 
475.3

 
75.6

 
(59.3
)
 
951.0

Average assets
1,028.4

 
861.0

 
84.3

 
(60.3
)
 
1,913.4

Average deposits
782.0

 
422.5

 
146.0

 
(64.2
)
 
1,286.3

2018
 
 
 
 
 
 
 
 
 
Average loans
463.7

 
465.7

 
74.6

 
(58.8
)
 
945.2

Average assets
1,034.1

 
830.5

 
83.9

 
(59.6
)
 
1,888.9

Average deposits
757.2

 
423.7

 
165.0

 
(70.0
)
 
1,275.9

(1)
Includes the elimination of certain items that are included in more than one business segment, substantially all of which represents products and services for WIM customers served through Community Banking distribution channels. 
(2)
Net interest income is the difference between interest earned on assets and the cost of liabilities to fund those assets. Interest earned includes actual interest earned on segment assets as well as interest credits for any funding of a segment available to be provided to other segments. The cost of liabilities includes actual interest expense on segment liabilities as well as funding charges for any funding provided from other segments.
(3)
Income tax expense (benefit) for our Wholesale Banking operating segment included income tax credits related to low-income housing and renewable energy investments of $1.8 billion, $1.6 billion and $1.4 billion for the years ended December 31, 2019, 2018 and 2017 respectively.