🔹 Revenue: $28.1B (Est. $27.59B) 🟢; UP +11% YoY
🔹 EPS: $1.06 (Est. $0.95) 🟢; UP +31% YoY
🔹 NII: $15.2B ($15.4B FTE) (Est. $15.03B) 🟢; UP +9% YoY
Guidance:
🔸 Q4 NII (FTE): $15.6B to $15.7B
Q3 Operating Metrics:
🔹 Provision for Credit Losses: $1.3B; DOWN -16% YoY
🔹 Net Charge-Offs: $1.37B (Est. $1.52B) 🟢; DOWN -11% YoY
🔹 Noninterest Expense: $17.3B; UP +5% YoY
🔹 Total Loans: $1.17T (Est. $1.16T) 🟢; UP +8% YoY
🔹 Total Deposits: $2.00T (Est. $2.02T) 🔴; UP +4% YoY
🔹 Average Deposits: $1.99T; UP +4% YoY
🔹 Average Loans and Leases: $1.15T; UP +9% YoY
🔹 Efficiency Ratio: 62%; DOWN -329 bps YoY
Consumer Banking:
🔹 Net Income: $3.4B; UP +28% YoY
🔹 Revenue: $11.2B; UP +7% YoY
🔹 Average Deposits: $947B; UP +1% YoY
🔹 Average Loans and Leases: $320B; UP +2% YoY
🔹 Combined Credit/Debit Card Spend: $245B; UP +6% YoY
🔹 Net Checking Accounts Added: ~212,000 (27th consecutive quarter of growth)
🔹 Consumer Investment Assets: $580B; UP +17% YoY
🔹 Active Mobile Banking Users: 41.3MM
🔹 Digital Sales: 66% of total sales
Global Wealth & Investment Management:
🔹 Net Income: $1.3B; UP +19% YoY
🔹 Revenue: $6.3B; UP +10% YoY
🔹 Client Balances: $4.6T; UP +11% YoY
🔹 AUM Balances: ~$2.1T; UP +13% YoY
🔹 Average Loans and Leases: $246B; UP +9% YoY
🔹 Average Deposits: $277B; DOWN -1% YoY
🔹 AUM Flows: $23.5B
🔹 Net New Relationships: ~5,400 (Merrill and Private Bank)
Global Banking:
🔹 Net Income: $2.1B; UP +12% YoY
🔹 Revenue: $6.2B; UP +7% YoY
🔹 Total Corporation Investment Banking Fees (excl. self-led): $2.0B; UP +43% YoY
🔹 Average Deposits: $632B; UP +15% YoY
🔹 Average Loans and Leases: $388B; UP +5% YoY
🔹 Treasury Service Charges: UP +12% YoY
🔹 Middle Market Average Loans: UP +6% YoY
🔹 #3 Investment Banking Fee Ranking; 136 bps market share gain
Global Markets:
🔹 Net Income: $1.6B; UP +6% YoY
🔹 Revenue: