Table 16.1: Operating Segments


(in millions)	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate	Reconciling Items (1)	Consolidated Company
Quarter ended June 30, 2026
Net interest income (2)	$	7,742	2,047	2,273	919	(589)	(75)	12,317
Noninterest income	2,546		1,071	3,152	2,973	1,002	(439)	10,305
Total revenue	10,288		3,118	5,425	3,892	413	(514)	22,622
Provision for credit losses	945		131	(181)	17	2	—	914
Personnel expense	3,678		899	1,532	2,571	171	—	8,851
Nonpersonnel expense	2,608		513	965	589	135	—	4,810
Total noninterest expense	6,286		1,412	2,497	3,160	306	—	13,661
Income (loss) before income tax expense (benefit)	3,057		1,575	3,109	715	105	(514)	8,047
Income tax expense (benefit)	767		397	780	178	(206)	(514)	1,402
Net income before noncontrolling interests	2,290		1,178	2,329	537	311	—	6,645
Less: Net income from noncontrolling interests	—		2	—	—	236	—	238
Net income	$	2,290	1,176	2,329	537	75	—	6,407
Quarter ended June 30, 2025
Net interest income (2)	$	7,305	1,983	1,815	785	(103)	(77)	11,708
Noninterest income	2,383		950	2,858	2,653	662	(392)	9,114
Total revenue	9,688		2,933	4,673	3,438	559	(469)	20,822
Provision for credit losses	945		(43)	103	12	(12)	—	1,005
Personnel expense	3,778		982	1,452	2,327	170	—	8,709
Nonpersonnel expense	2,401		537	799	538	395	—	4,670
Total noninterest expense	6,179		1,519	2,251	2,865	565	—	13,379
Income (loss) before income tax expense (benefit)	2,564		1,457	2,319	561	6	(469)	6,438
Income tax expense (benefit)	641		369	582	141	(348)	(469)	916
Net income before noncontrolling interests	1,923		1,088	1,737	420	354	—	5,522
Less: Net income from noncontrolling interests	—		2	—	—	26	—	28
Net income	$	1,923	1,086	1,737	420	328	—	5,494
Six months ended June 30, 2026
Net interest income (2)	$	15,293	4,035	4,457	1,824	(1,049)	(147)	24,413
Noninterest income	4,993		2,203	6,246	5,943	1,230	(960)	19,655
Total revenue	20,286		6,238	10,703	7,767	181	(1,107)	44,068
Provision for credit losses	1,763		281	(6)	7	4	—	2,049
Personnel expense	7,669		1,973	3,332	5,268	202	—	18,444
Nonpersonnel expense	5,206		1,047	1,857	1,154	283	—	9,547
Total noninterest expense	12,875		3,020	5,189	6,422	485	—	27,991
Income (loss) before income tax expense (benefit)	5,648		2,937	5,520	1,338	(308)	(1,107)	14,028
Income tax expense (benefit)	1,417		740	1,382	333	(672)	(1,107)	2,093
Net income before noncontrolling interests	4,231		2,197	4,138	1,005	364	—	11,935
Less: Net income from noncontrolling interests	—		4	—	—	271	—	275
Net income	$	4,231	2,193	4,138	1,005	93	—	11,660
Six months ended June 30, 2025
Net interest income (2)	$	14,344	3,960	3,605	1,515	(67)	(154)	23,203
Noninterest income	4,727		1,898	6,132	5,327	449	(765)	17,768
Total revenue	19,071		5,858	9,737	6,842	382	(919)	40,971
Provision for credit losses	1,684		144	103	23	(17)	—	1,937
Personnel expense	7,808		2,121	3,160	4,808	286	—	18,183
Nonpersonnel expense	4,713		1,068	1,567	1,003	736	—	9,087
Total noninterest expense	12,521		3,189	4,727	5,811	1,022	—	27,270
Income (loss) before income tax expense (benefit)	4,866		2,525	4,907	1,008	(623)	(919)	11,764
Income tax expense (benefit)	1,211		641	1,229	239	(963)	(919)	1,438
Net income before noncontrolling interests	3,655		1,884	3,678	769	340	—	10,326
Less: Net income (loss) from noncontrolling interests	—		4	—	—	(66)	—	(62)
Net income	$	3,655	1,880	3,678	769	406	—	10,388


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	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate	Reconciling Items (1)	Consolidated Company
Quarter ended June 30, 2026
Loans (average)	$	337,828	237,127	359,373	91,143	1,008	—	1,026,479
Assets (average)	371,072		260,885	825,944	97,261	672,761	—	2,227,923
Deposits (average)	828,363		189,534	234,762	109,788	103,153	—	1,465,600

Six months ended June 30, 2026
Loans (average)	$	336,554	233,116	350,891	89,772	1,003	—	1,011,336
Assets (average)	370,226		256,866	814,025	95,828	661,293	—	2,198,238
Deposits (average)	822,524		187,726	224,610	110,937	94,660	—	1,440,457

Loans (period-end)	340,939		239,808	355,752	93,804	812	—	1,031,115
Assets (period-end)	382,087		265,871	862,472	99,784	671,987	—	2,282,201
Deposits (period-end)	832,165		198,805	250,097	110,599	109,739	—	1,501,405
Quarter ended June 30, 2025
Loans (average)	$	319,033	226,461	285,886	81,271	4,068	—	916,719
Assets (average)	354,912		248,974	641,499	86,976	601,010	—	1,933,371
Deposits (average)	805,537		177,994	202,420	99,458	46,242	—	1,331,651

Six months ended June 30, 2025
Loans (average)	$	320,243	225,140	281,610	81,101	4,380	—	912,474
Assets (average)	355,894		247,796	626,352	86,885	609,627	—	1,926,554
Deposits (average)	802,725		180,413	203,163	100,770	48,398	—	1,335,469

Loans (period-end)	320,005		229,544	290,578	81,327	2,964	—	924,418
Assets (period-end)	357,369		254,467	658,029	86,848	624,556	—	1,981,269
Deposits (period-end)	806,572		179,848	208,048	97,318	48,917	—	1,340,703