| Net Interest Income and Noninterest Income |
Net Interest Income and Noninterest Income
The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for 2025, 2024 and 2023. 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.
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| (Dollars in millions) |
2025 |
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2024 |
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2023 |
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| Net interest income |
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| Interest income |
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| Loans and leases |
$ |
63,080
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$ |
61,993 |
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$ |
57,124 |
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| Debt securities |
27,393
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26,007 |
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20,226 |
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| Federal funds sold and securities borrowed or purchased under agreements to resell |
15,433
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19,911 |
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18,679 |
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| Trading account assets |
12,239
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10,376 |
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8,773 |
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Other interest income (1)
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20,421
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28,320 |
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25,460 |
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| Total interest income |
138,566
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146,607 |
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130,262 |
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| Interest expense |
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| Deposits |
34,513
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38,442 |
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26,163 |
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| Short-term borrowings |
28,042
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34,538 |
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30,553 |
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| Trading account liabilities |
2,657
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2,191 |
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2,043 |
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| Long-term debt |
13,258
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15,376 |
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14,572 |
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| Total interest expense |
78,470
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90,547 |
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73,331 |
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| Net interest income |
$ |
60,096
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$ |
56,060 |
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$ |
56,931 |
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| Noninterest income |
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| Fees and commissions |
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| Card income |
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Interchange fees (2)
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$ |
3,876
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$ |
4,013 |
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$ |
3,983 |
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| Other card income |
2,483
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2,271 |
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2,071 |
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| Total card income |
6,359
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6,284 |
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6,054 |
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| Service charges |
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| Deposit-related fees |
5,044
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4,708 |
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4,382 |
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| Lending-related fees |
1,413
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1,347 |
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1,302 |
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| Total service charges |
6,457
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6,055 |
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5,684 |
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| Investment and brokerage services |
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| Asset management fees |
15,601
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13,875 |
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12,002 |
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| Brokerage fees |
4,355
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3,891 |
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3,561 |
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| Total investment and brokerage services |
19,956
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17,766 |
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15,563 |
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| Investment banking fees |
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| Underwriting income |
3,320
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3,275 |
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2,235 |
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| Syndication fees |
1,420
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1,221 |
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898 |
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| Financial advisory services |
1,890
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1,690 |
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1,575 |
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| Total investment banking fees |
6,630
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6,186 |
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4,708 |
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| Total fees and commissions |
39,402
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36,291 |
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32,009 |
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| Market making and similar activities |
12,014
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12,967 |
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12,732 |
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| Other income (loss) |
1,585
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538 |
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1,097 |
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| Total noninterest income |
$ |
53,001
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$ |
49,796 |
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$ |
45,838 |
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(1)Includes interest income on interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks of $10.5 billion, $16.8 billion and $16.0 billion for 2025, 2024 and 2023.
(2)Gross interchange fees and merchant income were $13.8 billion, $13.6 billion and $13.3 billion for 2025, 2024 and 2023, respectively and are presented net of $9.9 billion, $9.5 billion and $9.3 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.
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