| Noninterest Income |
Noninterest Income
The table below presents the Corporation’s noninterest income disaggregated by revenue source for the three and nine months ended September 30, 2018 and 2017. For more information, see Note 1 – Summary of Significant Accounting Principles. For a disaggregation of noninterest income by business segment and All Other, see Note 17 – Business Segment Information.
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Three Months Ended September 30 |
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Nine Months Ended September 30 |
(Dollars in millions) |
2018 |
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2017 |
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2018 |
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2017 |
Card income |
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Interchange fees (1)
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$ |
978 |
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$ |
941 |
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$ |
3,018 |
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$ |
2,883 |
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Other card income |
492 |
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488 |
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1,451 |
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1,464 |
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Total card income |
1,470 |
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1,429 |
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4,469 |
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4,347 |
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Service charges |
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Deposit-related fees |
1,682 |
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1,691 |
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5,009 |
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5,040 |
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Lending-related fees |
279 |
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277 |
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827 |
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823 |
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Total service charges |
1,961 |
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1,968 |
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5,836 |
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5,863 |
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Investment and brokerage services |
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Asset management fees |
2,576 |
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2,367 |
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7,652 |
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6,855 |
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Brokerage fees |
918 |
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1,070 |
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2,964 |
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3,459 |
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Total investment and brokerage services |
3,494 |
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3,437 |
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10,616 |
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10,314 |
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Investment banking income |
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Underwriting income |
701 |
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698 |
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2,160 |
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2,185 |
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Syndication fees |
241 |
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405 |
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958 |
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1,146 |
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Financial advisory services |
262 |
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374 |
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861 |
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1,262 |
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Total investment banking income |
1,204 |
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1,477 |
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3,979 |
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4,593 |
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Trading account profits |
1,893 |
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1,837 |
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6,907 |
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6,124 |
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Other income |
885 |
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530 |
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1,576 |
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2,470 |
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Total noninterest income |
$ |
10,907 |
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$ |
10,678 |
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$ |
33,383 |
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$ |
33,711 |
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(1) |
Gross interchange fees were $2.4 billion and $2.2 billion for the three months ended September 30, 2018 and 2017, and are presented net of $1.4 billion and $1.3 billion of expenses for rewards and partner payments. For the nine months ended September 30, 2018 and 2017, gross interchange fees were $7.0 billion and $6.5 billion and are presented net of $4.0 billion and $3.6 billion of expenses for rewards and partner payments.
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