v3.26.1
Business Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Corporation reports its results of operations through the following four business segments: Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets, with the remaining operations recorded in All Other. For more information, see Note 23 – Business Segment Information to the Consolidated Financial Statements of the
Corporation’s 2025 Annual Report on Form 10-K. The following table presents net income (loss) and the components thereto (with net interest income on an FTE basis for the business segments, All Other and the total Corporation) for the three months ended March 31, 2026 and 2025, and total assets at March 31, 2026 and 2025 for each business segment, as well as All Other.
Results of Business Segments and All Other (1)
At and for the three months ended March 31
Total Corporation (2)
Consumer BankingGlobal Wealth & Investment Management
(Dollars in millions)202620252026202520262025
Net interest income$15,907 $14,588 $8,993 $8,505 $1,862 $1,765 
Noninterest income14,527 13,804 2,056 1,988 4,850 4,251 
Total revenue, net of interest expense30,434 28,392 11,049 10,493 6,712 6,016 
Provision for credit losses1,337 1,480 1,132 1,292 2 14 
Noninterest expense
Compensation and benefits (3)
11,334 10,889 1,588 1,570 3,260 3,031 
Other noninterest expense7,197 6,881 4,249 4,256 1,678 1,628 
Total noninterest expense18,531 17,770 5,837 5,826 4,938 4,659 
Income before income taxes10,566 9,142 4,080 3,375 1,772 1,343 
Income tax expense1,982 1,782 1,020 844 443 336 
Net income$8,584 $7,360 $3,060 $2,531 $1,329 $1,007 
Period-end total assets$3,496,186 $3,349,039 $1,058,618 $1,054,637 $336,511 $329,816 
Global BankingGlobal Markets All Other
202620252026202520262025
Net interest income$3,230 $3,151 $1,861 $1,189 $(39)$(22)
Noninterest income3,057 2,841 5,248 5,396 (684)(672)
Total revenue, net of interest expense6,287 5,992 7,109 6,585 (723)(694)
Provision for credit losses185 154 27 28 (9)(8)
Noninterest expense
Compensation and benefits (3)
1,212 1,240 1,158 1,052 — — 
Other noninterest expense2,011 1,944 3,212 2,759 163 290 
Total noninterest expense3,223 3,184 4,370 3,811 163 290 
Income (loss) before income taxes2,879 2,654 2,712 2,746 (877)(976)
Income tax expense (benefit)792 730 705 796 (978)(924)
Net income (loss)$2,087 $1,924 $2,007 $1,950 $101 $(52)
Period-end total assets$745,299 $687,169 $1,091,745 $959,477 $264,013 $317,940 
(1)Segment results are presented on an FTE basis and include additional net interest income and income tax expense, related to tax-exempt securities, of $162 million and $145 million for the three months ended March 31, 2026 and 2025, respectively, as compared to the Consolidated Statement of Income.
(2)There were no material intersegment revenues.
(3)Represents the compensation and benefits directly incurred by each segment.
The table below presents noninterest income and the associated components for the three months ended March 31, 2026 and 2025 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income.
Noninterest Income by Business Segment and All Other
Total CorporationConsumer BankingGlobal Wealth &
Investment Management
Three Months Ended March 31
(Dollars in millions)202620252026202520262025
Fees and commissions:
Card income
Interchange fees $865 $916 $665 $710 $(14)$(6)
Other card income 628 602 608 587 16 16 
Total card income1,493 1,518 1,273 1,297 2 10 
Service charges
Deposit-related fees1,306 1,228 638 618 15 13 
Lending-related fees368 333 — — 17 14 
Total service charges1,674 1,561 638 618 32 27 
Investment and brokerage services
Asset management fees4,312 3,738 74 55 4,241 3,687 
Brokerage fees1,229 1,075 28 28 430 402 
Total investment and brokerage services
5,541 4,813 102 83 4,671 4,089 
Investment banking fees
Underwriting income951 770 — — 82 69 
Syndication fees337 369 — — — — 
Financial advisory services553 384 — — — — 
Total investment banking fees1,841 1,523 — — 82 69 
Total fees and commissions 10,549 9,415 2,013 1,998 4,787 4,195 
Market making and similar activities3,637 3,584 7 8 31 34 
Other income (loss)341 805 36 (18)32 22 
Total noninterest income$14,527 $13,804 $2,056 $1,988 $4,850 $4,251 
Global BankingGlobal MarketsAll Other
Three Months Ended March 31
202620252026202520262025
Fees and commissions:
Card income
Interchange fees $198 $198 $16 $14 $— $— 
Other card income 4 4 — — — (5)
Total card income202 202 16 14 — (5)
Service charges
Deposit-related fees639 582 14 14 — 1 
Lending-related fees265 244 86 75 — — 
Total service charges904 826 100 89 — 1 
Investment and brokerage services
Asset management fees— — — — (3)(4)
Brokerage fees11 18 760 627 — — 
Total investment and brokerage services
11 18 760 627 (3)(4)
Investment banking fees
Underwriting income373 322 547 453 (51)(74)
Syndication fees177 186 160 183 — — 
Financial advisory services497 339 55 45 1 — 
Total investment banking fees1,047 847 762 681 (50)(74)
Total fees and commissions 2,164 1,893 1,638 1,411 (53)(82)
Market making and similar activities81 66 3,721 3,622 (203)(146)
Other income (loss)812 882 (111)363 (428)(444)
Total noninterest income$3,057 $2,841 $5,248 $5,396 $(684)$(672)