| Disaggregation of Revenue |
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 23 – Business Segment Information.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Dollars in millions) |
2023 |
|
2022 |
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
| Net interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans and leases |
$ |
57,124
|
|
|
$ |
37,919 |
|
|
$ |
29,282 |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt securities |
20,226
|
|
|
17,127 |
|
|
12,376 |
|
|
|
|
|
|
|
|
|
|
|
|
Federal funds sold and securities borrowed or purchased under agreements to resell (1)
|
18,679
|
|
|
4,560 |
|
|
(90) |
|
|
|
|
|
|
|
|
|
|
|
|
| Trading account assets |
8,773
|
|
|
5,521 |
|
|
3,770 |
|
|
|
|
|
|
|
|
|
|
|
|
| Other interest income |
25,460
|
|
|
7,438 |
|
|
2,334 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total interest income |
130,262
|
|
|
72,565 |
|
|
47,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
26,163
|
|
|
4,718 |
|
|
537 |
|
|
|
|
|
|
|
|
|
|
|
|
Short-term borrowings (1)
|
30,553
|
|
|
6,978 |
|
|
(358) |
|
|
|
|
|
|
|
|
|
|
|
|
| Trading account liabilities |
2,043
|
|
|
1,538 |
|
|
1,128 |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
14,572
|
|
|
6,869 |
|
|
3,431 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total interest expense |
73,331
|
|
|
20,103 |
|
|
4,738 |
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest income |
$ |
56,931
|
|
|
$ |
52,462 |
|
|
$ |
42,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Noninterest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fees and commissions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Card income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interchange fees (2)
|
$ |
3,983
|
|
|
$ |
4,096 |
|
|
$ |
4,560 |
|
|
|
|
|
|
|
|
|
|
|
|
| Other card income |
2,071
|
|
|
1,987 |
|
|
1,658 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total card income |
6,054
|
|
|
6,083 |
|
|
6,218 |
|
|
|
|
|
|
|
|
|
|
|
|
| Service charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposit-related fees |
4,382
|
|
|
5,190 |
|
|
6,271 |
|
|
|
|
|
|
|
|
|
|
|
|
| Lending-related fees |
1,302
|
|
|
1,215 |
|
|
1,233 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total service charges |
5,684
|
|
|
6,405 |
|
|
7,504 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment and brokerage services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asset management fees |
12,002
|
|
|
12,152 |
|
|
12,729 |
|
|
|
|
|
|
|
|
|
|
|
|
| Brokerage fees |
3,561
|
|
|
3,749 |
|
|
3,961 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total investment and brokerage services |
15,563
|
|
|
15,901 |
|
|
16,690 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment banking fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Underwriting income |
2,235
|
|
|
1,970 |
|
|
5,077 |
|
|
|
|
|
|
|
|
|
|
|
|
| Syndication fees |
898
|
|
|
1,070 |
|
|
1,499 |
|
|
|
|
|
|
|
|
|
|
|
|
| Financial advisory services |
1,575
|
|
|
1,783 |
|
|
2,311 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total investment banking fees |
4,708
|
|
|
4,823 |
|
|
8,887 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total fees and commissions |
32,009
|
|
|
33,212 |
|
|
39,299 |
|
|
|
|
|
|
|
|
|
|
|
|
| Market making and similar activities |
12,732
|
|
|
12,075 |
|
|
8,691 |
|
|
|
|
|
|
|
|
|
|
|
|
| Other income (loss) |
(3,091) |
|
|
(2,799) |
|
|
(1,811) |
|
|
|
|
|
|
|
|
|
|
|
|
| Total noninterest income |
$ |
41,650
|
|
|
$ |
42,488 |
|
|
$ |
46,179 |
|
|
|
|
|
|
|
|
|
|
|
|
(1)For more information on negative interest, see Note 1 – Summary of Significant Accounting Principles.
(2)Gross interchange fees and merchant income were $13.3 billion, $12.9 billion and $11.5 billion for 2023, 2022 and 2021, respectively, and are presented net of $9.3 billion, $8.8 billion and $6.9 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.
|