v3.26.1
Net Interest Income and Noninterest Income (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for the three and six months ended June 30, 2026 and 2025. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2025 Annual Report on Form 10-K. For a disaggregation of noninterest income by business segment and All Other, see Note 17 – Business Segment Information.
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2026202520262025
Net interest income
Interest income
Loans and leases$15,863 $15,651 $31,346 $30,874 
Debt securities6,032 6,913 12,323 13,680 
Federal funds sold and securities borrowed or purchased under agreements to resell 4,185 4,094 8,042 7,868 
Trading account assets3,063 3,057 6,261 6,065 
Other interest income (1)
4,689 5,158 9,219 10,452 
Total interest income33,832 34,873 67,191 68,939 
Interest expense
Deposits7,372 8,681 14,673 17,313 
Short-term borrowings 6,607 7,435 13,117 14,398 
Trading account liabilities756 676 1,501 1,383 
Long-term debt3,100 3,411 6,158 6,732 
Total interest expense17,835 20,203 35,449 39,826 
Net interest income$15,997 $14,670 $31,742 $29,113 
Noninterest income
Fees and commissions
Card income
Interchange fees (2)
$947 $1,036 $1,812 $1,952 
Other card income636 610 1,264 1,212 
Total card income1,583 1,646 3,076 3,164 
Service charges
Deposit-related fees1,336 1,265 2,642 2,493 
Lending-related fees370 350 738 683 
Total service charges1,706 1,615 3,380 3,176 
Investment and brokerage services
Asset management fees4,427 3,698 8,739 7,436 
Brokerage fees1,226 1,082 2,455 2,157 
Total investment and brokerage services 5,653 4,780 11,194 9,593 
Investment banking fees
Underwriting income1,220 806 2,171 1,576 
Syndication fees360 289 697 658 
Financial advisory services558 333 1,111 717 
Total investment banking fees2,138 1,428 3,979 2,951 
Total fees and commissions11,080 9,469 21,629 18,884 
Market making and similar activities4,177 3,153 7,814 6,737 
Other income (loss)304 151 645 956 
Total noninterest income$15,561 $12,773 $30,088 $26,577 
(1)Includes interest income on interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks of $2.2 billion and $2.8 billion for the three months ended June 30, 2026 and 2025, and $4.3 billion and $5.7 billion for the six months ended June 30, 2026 and 2025.
(2)Gross interchange fees and merchant income were $3.7 billion and $3.5 billion for the three months ended June 30, 2026 and 2025, and are presented net of $2.7 billion and $2.4 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods. Gross interchange fees and merchant income were $7.1 billion and $6.8 billion for the six months ended June 30, 2026 and 2025 and are presented net of $5.3 billion and $4.8 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.