v3.25.2
Fee-Based Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Fee-Based Revenue from Contracts with Customers FEE-BASED REVENUE FROM CONTRACTS WITH CUSTOMERS
As more fully described in Note 23 Fee-based Revenue from Contracts with Customers in our 2024 Form 10-K, a subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606).
Fee-based revenue within the scope of Topic 606 is recognized within our three reportable business segments: Retail Banking, Corporate & Institutional Banking and the Asset Management Group. Interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets are outside of the scope of Topic 606.
Table 83 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 83: Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income

20252024
Three months ended June 30
In millions		Retail BankingCorporate &
Institutional
Banking		Asset Management GroupRetail BankingCorporate &
Institutional
Banking		Asset Management Group
Asset management and brokerage
Asset management fees$— $— $241 $— $— $229 
Brokerage fees150 — — 135 — — 
Total asset management and brokerage 150 — 241 135 — 229 
Card and cash management
Treasury management fees11 404 — 11 371 — 
Debit card fees182 — — 176 — — 
Net credit card fees (a)50 — — 58 — — 
Merchant services42 18 — 41 19 — 
Other 20 — — 22 — — 
Total card and cash management 305 422 — 308 390 — 
Lending and deposit services
Deposit account fees165 — — 158 — — 
Other 19 8 — 19 8 — 
Total lending and deposit services184 8 — 177 8 — 
Residential and commercial mortgage (b)— 27 — — 28 — 
Capital markets and advisory— 216 — — 193 — 
Other— 18 — — 11 — 
Total in-scope noninterest income639 691 241 620 630 229 
Out-of-scope noninterest income (c)143 331 3 789 312 6 
Noninterest income by business segment$782 $1,022 $244 $1,409 $942 $235 
Reconciliation to consolidated noninterest income
Total in-scope business segment noninterest income$1,571 $1,479 
Out-of-scope business segment noninterest income (c)477 1,107 
Noninterest income from other activities (d)58 (477)
Noninterest income as reported on the
   Consolidated Income Statement		$2,106 $2,109 
(Continued from previous page)20252024
Six months ended June 30
In millions		Retail BankingCorporate &
Institutional
Banking		Asset
Management
Group		Retail BankingCorporate &
Institutional
Banking		Asset
Management
Group
Asset management and brokerage
Asset management fees$— $— $480 $— $— $456 
Brokerage fees302 — — 272 — — 
Total asset management and brokerage 302 — 480 272 — 456 
Card and cash management
Treasury management fees21 794 — 21 728 — 
Debit card fees351 — — 343 — — 
Net credit card fees (a)91 — — 103 — — 
Merchant services77 35 — 78 38 — 
Other40 — — 44 — — 
Total card and cash management 580 829 — 589 766 — 
Lending and deposit services
Deposit account fees326 — — 313 — — 
Other36 15 — 35 17 — 
Total lending and deposit services362 15 — 348 17 — 
Residential and commercial mortgage (b)— 56 — — 58 — 
Capital markets and advisory— 433 — — 383 — 
Other— 29 — — 28 — 
Total in-scope noninterest income1,244 1,362 480 1,209 1,252 456 
Out-of-scope noninterest income (c)244 638 7 964 578 9 
Noninterest income by business segment$1,488 $2,000 $487 $2,173 $1,830 $465 
Reconciliation to consolidated noninterest income
Total in-scope business segment noninterest income$3,086 $2,917 
Out-of-scope business segment noninterest income (c)889 1,551 
Noninterest income from other activities (d)107 (478)
Noninterest income as reported on the
   Consolidated Income Statement		$4,082 $3,990 
(a)Net credit card fees consist of interchange fees of $177 million and $170 million and credit card reward costs totaled $127 million and $113 million for the three months ended June 30, 2025 and 2024, respectively. Net credit card fees consist of interchange fees of $339 million and $328 million and credit card reward costs of $248 million and $226 million for the six months ended June 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.