Fee-Based Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income

Table 81 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 reported 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 23 Fee-based Revenue from Contracts with Customers in our 2024 Form 10-K.

Table 81: Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income


	2025						2024
Three months ended September 30 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	$	—	$	—	$	250	$	—	$	—	$	238
Brokerage fees	154		—		—		145		—		—
Total asset management and brokerage	154		—		250		145		—		238
Card and cash management
Treasury management fees	10		398		—		10		372		—
Debit card fees	184		—		—		177		—		—
Net credit card fees (a)	56		—		—		46		—		—
Merchant services	38		20		—		40		18		—
Other	21		—		—		23		—		—
Total card and cash management	309		418		—		296		390		—
Lending and deposit services
Deposit account fees	175		—		—		166		—		—
Other	18		8		—		19		7		—
Total lending and deposit services	193		8		—		185		7		—
Residential and commercial mortgage (b)	—		33		—		—		32		—
Capital markets and advisory	—		297		—		—		261		—
Other	—		26		—		—		16		—
Total in-scope noninterest income	656		782		250		626		706		238
Out-of-scope noninterest income (c)	134		350		4		75		324		4
Noninterest income by business segment	$	790	$	1,132	$	254	$	701	$	1,030	$	242
Reconciliation to consolidated noninterest income
Total in-scope business segment noninterest income					$	1,688					$	1,570
Out-of-scope business segment noninterest income (c)					488						403
Noninterest income from other activities (d)					91						49
Noninterest income as reported on the Consolidated Income Statement					$	2,267					$	2,022



(Continued from previous page)	2025						2024
Nine months ended September 30 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	$	—	$	—	$	730	$	—	$	—	$	694
Brokerage fees	456		—		—		417		—		—
Total asset management and brokerage	456		—		730		417		—		694
Card and cash management
Treasury management fees	31		1,192		—		31		1,100		—
Debit card fees	535		—		—		520		—		—
Net credit card fees (a)	147		—		—		149		—		—
Merchant services	115		55		—		118		56		—
Other	61		—		—		67		—		—
Total card and cash management	889		1,247		—		885		1,156		—
Lending and deposit services
Deposit account fees	501		—		—		479		—		—
Other	54		23		—		54		24		—
Total lending and deposit services	555		23		—		533		24		—
Residential and commercial mortgage (b)	—		89		—		—		90		—
Capital markets and advisory	—		730		—		—		644		—
Other	—		55		—		—		44		—
Total in-scope noninterest income	1,900		2,144		730		1,835		1,958		694
Out-of-scope noninterest income (c)	378		988		11		1,039		902		13
Noninterest income by business segment	$	2,278	$	3,132	$	741	$	2,874	$	2,860	$	707
Reconciliation to consolidated noninterest income
Total in-scope business segment noninterest income					$	4,774					$	4,487
Out-of-scope business segment noninterest income (c)					1,377						1,954
Noninterest income from other activities (d)					198						(429)
Noninterest income as reported on the Consolidated Income Statement					$	6,349					$	6,012

(a)Net credit card fees consist of interchange fees of $176 million and $167 million and credit card reward costs totaled $120 million and $121 million for the three months ended September 30, 2025 and 2024, respectively. Net credit card fees consist of interchange fees of $515 million and $496 million and credit card reward costs of $368 million and $347 million for the nine months ended September 30, 2025 and 2024, 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.

(d)Includes residual activities from corporate operations. For additional information, see Note 14 Segment Reporting.