v3.26.1
Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Results of Business Segments and All Other (1)
At and for the three months ended June 30
Total Corporation (2)
Consumer BankingGlobal Wealth & Investment Management
(Dollars in millions)202620252026202520262025
Net interest income$16,160 $14,815 $9,206 $8,726 $1,888 $1,762 
Noninterest income15,561 12,773 2,130 2,087 4,983 4,175 
Total revenue, net of interest expense31,721 27,588 11,336 10,813 6,871 5,937 
Provision for credit losses1,366 1,592 1,160 1,282 11 20 
Noninterest expense
Compensation and benefits (3)
10,987 10,332 1,553 1,514 3,269 2,966 
Other noninterest expense7,640 6,851 4,248 4,053 1,707 1,627 
Total noninterest expense18,627 17,183 5,801 5,567 4,976 4,593 
Income before income taxes11,728 8,813 4,375 3,964 1,884 1,324 
Income tax expense2,654 1,643 1,094 991 471 331 
Net income$9,074 $7,170 $3,281 $2,973 $1,413 $993 
Period-end total assets$3,499,191 $3,440,798 $1,039,051 $1,037,407 $327,667 $320,820 
Global BankingGlobal Markets All Other
202620252026202520262025
Net interest income$3,198 $3,081 $1,911 $1,267 $(43)$(21)
Noninterest income3,038 2,608 6,111 4,715 (701)(812)
Total revenue, net of interest expense6,236 5,689 8,022 5,982 (744)(833)
Provision for credit losses215 277 (11)22 (9)(9)
Noninterest expense
Compensation and benefits (3)
1,174 1,140 1,062 944 — — 
Other noninterest expense2,025 1,930 3,422 2,862 167 147 
Total noninterest expense3,199 3,070 4,484 3,806 167 147 
Income (loss) before income taxes2,822 2,342 3,549 2,154 (902)(971)
Income tax expense (benefit)776 644 923 625 (610)(948)
Net income (loss)$2,046 $1,698 $2,626 $1,529 $(292)$(23)
Period-end total assets$761,395 $739,214 $1,106,999 $1,017,594 $264,079 $325,763 
(1)Segment results are presented on an FTE basis and include additional net interest income and income tax expense, related to tax-exempt securities, of $163 million and $145 million for the three months ended June 30, 2026 and 2025, respectively, as compared to the Consolidated Statement of Income.
(2)There were no material intersegment revenues.
(3)Represents the compensation and benefits directly incurred by each segment.
Results of Business Segments and All Other (1)
At and for the six months ended June 30
Total Corporation (2)
Consumer BankingGlobal Wealth & Investment Management
(Dollars in millions)202620252026202520262025
Net interest income$32,067 $29,403 $18,199 $17,231 $3,750 $3,527 
Noninterest income30,088 26,577 4,186 4,075 9,833 8,426 
Total revenue, net of interest expense62,155 55,980 22,385 21,306 13,583 11,953 
Provision for credit losses2,703 3,072 2,292 2,574 13 34 
Noninterest expense
Compensation and benefits (3)
22,321 21,221 3,141 3,084 6,530 5,997 
Other noninterest expense14,837 13,732 8,497 8,309 3,384 3,255 
Total noninterest expense37,158 34,953 11,638 11,393 9,914 9,252 
Income before income taxes22,294 17,955 8,455 7,339 3,656 2,667 
Income tax expense4,636 3,425 2,114 1,835 914 667 
Net income$17,658 $14,530 $6,341 $5,504 $2,742 $2,000 
Period-end total assets$3,499,191 $3,440,798 $1,039,051 $1,037,407 $327,667 $320,820 
Global BankingGlobal Markets All Other
202620252026202520262025
Net interest income$6,428 $6,232 $3,772 $2,456 $(82)$(43)
Noninterest income6,095 5,449 11,359 10,111 (1,385)(1,484)
Total revenue, net of interest expense12,523 11,681 15,131 12,567 (1,467)(1,527)
Provision for credit losses400 431 16 50 (18)(17)
Noninterest expense
Compensation and benefits (3)
2,385 2,380 2,220 1,996 — — 
Other noninterest expense4,037 3,874 6,634 5,621 330 437 
Total noninterest expense6,422 6,254 8,854 7,617 330 437 
Income (loss) before income taxes5,701 4,996 6,261 4,900 (1,779)(1,947)
Income tax expense (benefit)1,568 1,374 1,628 1,421 (1,588)(1,872)
Net income (loss)$4,133 $3,622 $4,633 $3,479 $(191)$(75)
Period-end total assets$761,395 $739,214 $1,106,999 $1,017,594 $264,079 $325,763 
(1)Segment results are presented on an FTE basis and include additional net interest income and income tax expense, related to tax-exempt securities, of $325 million and $290 million for the six months ended June 30, 2026 and 2025, respectively, as compared to the Consolidated Statement of Income.
(2)There were no material intersegment revenues.
(3)Represents the compensation and benefits directly incurred by each segment.
The table below presents noninterest income and the associated components for the three and six months ended June 30, 2026 and 2025 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income.
Noninterest Income by Business Segment and All Other
Total CorporationConsumer BankingGlobal Wealth &
Investment Management
Three Months Ended June 30
(Dollars in millions)202620252026202520262025
Fees and commissions:
Card income
Interchange fees $947 $1,036 $733 $821 $(14)$(7)
Other card income 636 610 613 594 19 17 
Total card income1,583 1,646 1,346 1,415 5 10 
Service charges
Deposit-related fees1,336 1,265 639 627 13 12 
Lending-related fees370 350 — — 17 16 
Total service charges1,706 1,615 639 627 30 28 
Investment and brokerage services
Asset management fees4,427 3,698 78 58 4,353 3,643 
Brokerage fees1,226 1,082 28 27 440 390 
Total investment and brokerage services
5,653 4,780 106 85 4,793 4,033 
Investment banking fees
Underwriting income1,220 806 — — 85 65 
Syndication fees360 289 — — — — 
Financial advisory services558 333 — — 3 — 
Total investment banking fees2,138 1,428 — — 88 65 
Total fees and commissions 11,080 9,469 2,091 2,127 4,916 4,136 
Market making and similar activities4,177 3,153 7 6 32 28 
Other income (loss)304 151 32 (46)35 11 
Total noninterest income$15,561 $12,773 $2,130 $2,087 $4,983 $4,175 
Global BankingGlobal MarketsAll Other
Three Months Ended June 30
202620252026202520262025
Fees and commissions:
Card income
Interchange fees $212 $203 $16 $19 $— $— 
Other card income 4 4 — — — (5)
Total card income216 207 16 19 — (5)
Service charges
Deposit-related fees666 607 15 17 3 2 
Lending-related fees266 257 87 77 — — 
Total service charges932 864 102 94 3 2 
Investment and brokerage services
Asset management fees— — — — (4)(3)
Brokerage fees29 23 729 642 — — 
Total investment and brokerage services
29 23 729 642 (4)(3)
Investment banking fees
Underwriting income455 322 748 489 (68)(70)
Syndication fees182 154 178 135 — — 
Financial advisory services517 291 39 42 (1)— 
Total investment banking fees1,154 767 965 666 (69)(70)
Total fees and commissions 2,331 1,861 1,812 1,421 (70)(76)
Market making and similar activities59 68 4,422 3,300 (343)(249)
Other income (loss)648 679 (123)(6)(288)(487)
Total noninterest income$3,038 $2,608 $6,111 $4,715 $(701)$(812)
Noninterest Income by Business Segment and All Other
Total CorporationConsumer BankingGlobal Wealth &
Investment Management
Six Months Ended June 30
(Dollars in millions)202620252026202520262025
Fees and commissions:
Card income
Interchange fees $1,812 $1,952 $1,398 $1,531 $(28)$(13)
Other card income 1,264 1,212 1,221 1,181 35 33 
Total card income3,076 3,164 2,619 2,712 7 20 
Service charges
Deposit-related fees2,642 2,493 1,277 1,245 28 25 
Lending-related fees738 683 — — 34 30 
Total service charges3,380 3,176 1,277 1,245 62 55 
Investment and brokerage services
Asset management fees8,739 7,436 152 113 8,594 7,330 
Brokerage fees2,455 2,157 56 55 870 792 
Total investment and brokerage services
11,194 9,593 208 168 9,464 8,122 
Investment banking fees
Underwriting income2,171 1,576 — — 167 134 
Syndication fees697 658 — — — — 
Financial advisory services1,111 717 — — 3 — 
Total investment banking fees3,979 2,951 — — 170 134 
Total fees and commissions 21,629 18,884 4,104 4,125 9,703 8,331 
Market making and similar activities7,814 6,737 14 14 63 62 
Other income (loss)645 956 68 (64)67 33 
Total noninterest income$30,088 $26,577 $4,186 $4,075 $9,833 $8,426 
Global BankingGlobal MarketsAll Other
Six Months Ended June 30
202620252026202520262025
Fees and commissions:
Card income
Interchange fees $410 $401 $32 $33 $— $— 
Other card income 8 8 — — — (10)
Total card income418 409 32 33 — (10)
Service charges
Deposit-related fees1,305 1,189 29 31 3 3 
Lending-related fees531 501 173 152 — — 
Total service charges1,836 1,690 202 183 3 3 
Investment and brokerage services
Asset management fees— — — — (7)(7)
Brokerage fees40 41 1,489 1,269 — — 
Total investment and brokerage services
40 41 1,489 1,269 (7)(7)
Investment banking fees
Underwriting income828 644 1,295 942 (119)(144)
Syndication fees359 340 338 318 — — 
Financial advisory services1,014 630 94 87 — — 
Total investment banking fees2,201 1,614 1,727 1,347 (119)(144)
Total fees and commissions 4,495 3,754 3,450 2,832 (123)(158)
Market making and similar activities140 134 8,143 6,922 (546)(395)
Other income (loss)1,460 1,561 (234)357 (716)(931)
Total noninterest income$6,095 $5,449 $11,359 $10,111 $(1,385)$(1,484)