| Disaggregation of Revenue |
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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