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Fee-Based Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income | Table 80 presents the noninterest income recognized within the scope of Topic 606 for each of our three reportable business segments’ principal products and services, along with the relationship to the noninterest income revenue streams shown on our Consolidated Income Statement. For a description of the fee-based revenue and how it is recognized for each segment’s principal products and services, see Note 24 Fee-based Revenue from Contracts with Customers in our 2022 Form 10-K. Table 80: Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income
|  | Three Months Ended September 30, 2023 | Three Months Ended September 30, 2022
In millions |  | Retail Banking |  | Corporate & Institutional Banking |  | Asset Management Group | Retail Banking |  | Corporate & Institutional Banking |  | Asset Management Group
Asset management and brokerage |  |  |  |  |  |  |  |  |  |  |
Asset management fees |  |  |  |  |  | $ | 217 |  |  |  |  |  | $ | 224 |
Brokerage fees |  | $ | 129 |  |  |  |  | 2 |  | $ | 131 |  |  |  |  | 2 |
Total asset management and brokerage |  | 129 |  |  |  |  | 219 |  | 131 |  |  |  |  | 226 |
Card and cash management |  |  |  |  |  |  |  |  |  |  |
Treasury management fees |  | 10 |  |  | $ | 351 |  |  |  | 11 |  |  | $ | 328 |  |  |
Debit card fees |  | 175 |  |  |  |  |  | 175 |  |  |  |  |
Net credit card fees (a) |  | 54 |  |  |  |  |  | 60 |  |  |  |  |
Merchant services |  | 42 |  |  | 20 |  |  |  | 48 |  |  | 16 |  |  |
Other |  | 24 |  |  |  |  |  | 23 |  |  |  |  |
Total card and cash management |  | 305 |  |  | 371 |  |  |  | 317 |  |  | 344 |  |  |
Lending and deposit services |  |  |  |  |  |  |  |  |  |  |
Deposit account fees |  | 170 |  |  |  |  |  | 146 |  |  |  |  |
Other |  | 18 |  |  | 8 |  |  |  | 16 |  |  | 8 |  |  |
Total lending and deposit services |  | 188 |  |  | 8 |  |  |  | 162 |  |  | 8 |  |  |
Residential and commercial mortgage (b) |  |  |  | 32 |  |  |  |  |  | 36 |  |  |
Capital markets and advisory |  |  |  | 124 |  |  |  |  |  | 155 |  |  |
Other |  |  |  | 22 |  |  |  |  |  | 11 |  |  |
Total in-scope noninterest income |  | 622 |  |  | 557 |  |  | 219 |  | 610 |  |  | 554 |  |  | 226 |
Out-of-scope noninterest income (c) |  | 162 |  |  | 278 |  |  | 4 |  | 115 |  |  | 333 |  |  | 5 |
Noninterest income by business segment |  | $ | 784 |  |  | $ | 835 |  |  | $ | 223 |  | $ | 725 |  |  | $ | 887 |  |  | $ | 231 |
Reconciliation to consolidated noninterest income |  |  |  |  |  |  |
Total in-scope business segment noninterest income |  |  |  |  |  | $ | 1,398 |  |  |  |  |  | $ | 1,390 |
Out-of-scope business segment noninterest income (c) |  |  |  |  |  | 444 |  |  |  |  |  | 453 |
Noninterest income from other segments |  |  |  |  |  | (27) |  |  |  |  |  | 231 |
Noninterest income as shown on the Consolidated Income Statement |  |  |  |  |  | $ | 1,815 |  |  |  |  |  | $ | 2,074 |
(Continued from previous page) |  | Nine Months Ended September 30, 2023 | Nine Months Ended September 30, 2022
In millions |  | Retail Banking |  | Corporate & Institutional Banking |  | Asset Management Group | Retail Banking |  | Corporate & Institutional Banking |  | Asset Management Group
Asset management and brokerage |  |  |  |  |  |  |  |  |  |  |
Asset management fees |  |  |  |  |  | $ | 663 |  |  |  |  |  | $ | 693 |
Brokerage fees |  | $ | 383 |  |  |  |  | 6 |  | $ | 400 |  |  |  |  | 6 |
Total asset management and brokerage |  | 383 |  |  |  |  | 669 |  | 400 |  |  |  |  | 699 |
Card and cash management |  |  |  |  |  |  |  |  |  |  |
Treasury management fees |  | 31 |  |  | $ | 1,024 |  |  |  | 30 |  |  | $ | 957 |  |  |
Debit card fees |  | 518 |  |  |  |  |  |  | 513 |  |  |  |  |
Net credit card fees (a) |  | 173 |  |  |  |  |  |  | 178 |  |  |  |  |
Merchant services |  | 126 |  |  | 58 |  |  |  | 141 |  |  | 47 |  |  |
Other |  | 73 |  |  |  |  |  |  | 73 |  |  |  |  |
Total card and cash management |  | 921 |  |  | 1,082 |  |  |  | 935 |  |  | 1,004 |  |  |
Lending and deposit services |  |  |  |  |  |  |  |  |  |  |
Deposit account fees |  | 476 |  |  |  |  |  | 433 |  |  |  |  |
Other |  | 54 |  |  | 24 |  |  |  | 50 |  |  | 25 |  |  |
Total lending and deposit services |  | 530 |  |  | 24 |  |  |  | 483 |  |  | 25 |  |  |
Residential and commercial mortgage (b) |  |  |  | 114 |  |  |  |  |  | 100 |  |  |
Capital markets and advisory |  |  |  | 410 |  |  |  |  |  | 564 |  |  |
Other |  |  |  | 44 |  |  |  |  |  | 33 |  |  |
Total in-scope noninterest income |  | 1,834 |  |  | 1,674 |  |  | 669 |  | 1,818 |  |  | 1,726 |  |  | 699 |
Out-of-scope noninterest income (c) |  | 395 |  |  | 868 |  |  | 12 |  | 400 |  |  | 933 |  |  | 14 |
Noninterest income by business segment |  | $ | 2,229 |  |  | $ | 2,542 |  |  | $ | 681 |  | $ | 2,218 |  |  | $ | 2,659 |  |  | $ | 713 |
Reconciliation to consolidated noninterest income |  |  |  |  |  |  |
Total in-scope business segment noninterest income |  |  |  |  |  | $ | 4,177 |  |  |  |  |  | $ | 4,243 |
Out-of-scope business segment noninterest income (c) |  |  |  |  |  | 1,275 |  |  |  |  |  | 1,347 |
Noninterest income from other segments |  |  |  |  |  | 164 |  |  |  |  |  | 437 |
Noninterest income as shown on the Consolidated Income Statement |  |  |  |  |  | $ | 5,616 |  |  |  |  |  | $ | 6,027 |
(a)Net credit card fees consists of interchange fees of $169 million for both the three months ended September 30, 2023 and 2022. Credit card reward costs totaled $115 million and $109 million for the three months ended September 30, 2023 and 2022, respectively. Net credit card fees consists of interchange fees of $502 million and $489 million and credit card reward costs of $329 million and $311 million for the nine months ended September 30, 2023 and 2022, respectively. (b)Residential mortgage noninterest income falls under the scope of other accounting and disclosure requirements outside of Topic 606 and is included within the out-of-scope noninterest income line for the Retail Banking segment. (c)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.

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