Net Interest Income and Noninterest Income (Tables)
|9 Months Ended|
Sep. 30, 2019
|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 nine months ended September 30, 2019 and 2018. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2018 Annual Report on Form 10-K. For a disaggregation of noninterest income by business segment and All Other, see Note 18 – Business Segment Information.
Gross interchange fees were $2.6 billion and $2.4 billion for the three months ended September 30, 2019 and 2018, and are presented net of $1.6 billion and $1.5 billion of expenses for rewards and partner payments. For the nine months ended September 30, 2019 and 2018, gross interchange fees were $7.4 billion and $7.0 billion and are presented net of $4.6 billion and $4.2 billion of expenses for rewards and partner payments.
Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef