| Disaggregation of Revenue |
The table below presents the Corporation’s noninterest income disaggregated by revenue source for the three and six months ended June 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.
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Three Months Ended June 30 |
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Six Months Ended June 30 |
(Dollars in millions) |
2018 |
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2017 |
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2018 |
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2017 |
Card income |
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Interchange fees (1)
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$ |
1,070 |
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$ |
983 |
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$ |
2,041 |
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$ |
1,941 |
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Other card income |
472 |
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486 |
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958 |
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977 |
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Total card income |
1,542 |
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1,469 |
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2,999 |
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2,918 |
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Service charges |
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Deposit-related fees |
1,680 |
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1,696 |
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3,326 |
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3,349 |
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Lending-related fees |
274 |
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281 |
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549 |
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546 |
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Total service charges |
1,954 |
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1,977 |
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3,875 |
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3,895 |
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Investment and brokerage services |
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Asset management fees |
2,513 |
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2,288 |
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5,077 |
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4,488 |
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Brokerage fees |
945 |
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1,172 |
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2,045 |
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2,389 |
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Total investment and brokerage services |
3,458 |
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3,460 |
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7,122 |
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6,877 |
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Investment banking income |
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Underwriting income |
719 |
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709 |
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1,460 |
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1,488 |
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Syndication fees |
400 |
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340 |
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716 |
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740 |
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Financial advisory services |
303 |
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483 |
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599 |
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888 |
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Total investment banking income |
1,422 |
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1,532 |
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2,775 |
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3,116 |
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Trading account profits |
2,315 |
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1,956 |
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5,014 |
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4,287 |
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Other income |
268 |
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1,449 |
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691 |
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1,940 |
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Total noninterest income |
$ |
10,959 |
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$ |
11,843 |
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$ |
22,476 |
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$ |
23,033 |
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(1) |
Gross interchange fees were $2.4 billion and $2.2 billion for the three months ended June 30, 2018 and 2017, and are presented net of $1.3 billion and $1.2 billion of expenses for rewards and partner payments. For the six months ended June 30, 2018 and 2017, gross interchange fees were $4.6 billion and $4.3 billion and are presented net of $2.6 billion and $2.3 billion of expenses for rewards and partner payments.
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