v3.26.1
Net Interest Income and Noninterest Income (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for the three months ended March 31, 2026 and 2025. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2025 Annual Report on Form 10-K. For a disaggregation of noninterest income by business segment and All Other, see Note 17 – Business Segment Information.
Three Months Ended March 31
(Dollars in millions)20262025
Net interest income
Interest income
Loans and leases$15,483 $15,223 
Debt securities6,291 6,767 
Federal funds sold and securities borrowed or purchased under agreements to resell 3,857 3,774 
Trading account assets3,198 3,008 
Other interest income (1)
4,530 5,294 
Total interest income33,359 34,066 
Interest expense
Deposits7,301 8,632 
Short-term borrowings 6,510 6,963 
Trading account liabilities745 707 
Long-term debt3,058 3,321 
Total interest expense17,614 19,623 
Net interest income$15,745 $14,443 
Noninterest income
Fees and commissions
Card income
Interchange fees (2)
$865 $916 
Other card income628 602 
Total card income1,493 1,518 
Service charges
Deposit-related fees1,306 1,228 
Lending-related fees368 333 
Total service charges1,674 1,561 
Investment and brokerage services
Asset management fees4,312 3,738 
Brokerage fees1,229 1,075 
Total investment and brokerage services 5,541 4,813 
Investment banking fees
Underwriting income951 770 
Syndication fees337 369 
Financial advisory services553 384 
Total investment banking fees1,841 1,523 
Total fees and commissions10,549 9,415 
Market making and similar activities3,637 3,584 
Other income (loss)341 805 
Total noninterest income$14,527 $13,804 
(1)Includes interest income on interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks of $2.1 billion and $2.8 billion for the three months ended March 31, 2026 and 2025.
(2)Gross interchange fees and merchant income were $3.4 billion and $3.3 billion for the three months ended March 31, 2026 and 2025, and are presented net of $2.5 billion and $2.4 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.