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