Quarterly report pursuant to Section 13 or 15(d)

Noninterest Income (Tables)

v3.10.0.1
Noninterest Income (Tables)
9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
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.
 
 
 
 
 
 
 
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.