Bank of America Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Noninterest Income

Noninterest Income

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

The table below presents the Corporation’s noninterest income disaggregated by revenue source for the three and nine months ended September 30, 2018 and 2017. 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 17 – Business Segment Information.




	Three Months Ended September 30				Nine Months Ended September 30
(Dollars in millions)	2018		2017		2018		2017
Card income
Interchange fees ⁽¹⁾	$	978	$	941	$	3,018	$	2,883
Other card income	492		488		1,451		1,464
Total card income	1,470		1,429		4,469		4,347
Service charges
Deposit-related fees	1,682		1,691		5,009		5,040
Lending-related fees	279		277		827		823
Total service charges	1,961		1,968		5,836		5,863
Investment and brokerage services
Asset management fees	2,576		2,367		7,652		6,855
Brokerage fees	918		1,070		2,964		3,459
Total investment and brokerage services	3,494		3,437		10,616		10,314
Investment banking income
Underwriting income	701		698		2,160		2,185
Syndication fees	241		405		958		1,146
Financial advisory services	262		374		861		1,262
Total investment banking income	1,204		1,477		3,979		4,593
Trading account profits	1,893		1,837		6,907		6,124
Other income	885		530		1,576		2,470
Total noninterest income	$	10,907	$	10,678	$	33,383	$	33,711

⁽¹⁾

Gross interchange fees were $2.4 billion and $2.2 billion for the three months ended September 30, 2018 and 2017, and are presented net of $1.4 billion and $1.3 billion of expenses for rewards and partner payments. For the nine months ended September 30, 2018 and 2017, gross interchange fees were $7.0 billion and $6.5 billion and are presented net of $4.0 billion and $3.6 billion of expenses for rewards and partner payments.