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Line of Business Information (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Summary of Line of Business Results
The following is a summary of our line of business results for the periods indicated. The amounts in the “Other” columns were not allocated to our business lines. Prior reported results reflect reclassifications, for comparative purposes, related to management changes in methodologies associated with allocations of revenue and expenses to lines of business in 2018.
 
Years Ended December 31,
 
Investment
Servicing
 
Investment
Management(1)
 
Other
 
Total
(Dollars in millions)
2018

2017

2016
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Servicing fees
$
5,429

 
$
5,365

 
$
5,073

 
$
—

 
$
—

 
$
—

 
$
(8
)
 
$
—

 
$
—

 
$
5,421

 
$
5,365

 
$
5,073

Management fees(1)
—

 
—

 
—

 
1,851

 
1,616

 
1,292

 
—

 
—

 
—

 
1,851

 
1,616

 
1,292

Foreign exchange trading services(1)
1,071

 
999

 
1,038

 
130

 
72

 
61

 
—

 
—

 
—

 
1,201

 
1,071

 
1,099

Securities finance
543

 
606

 
562

 
—

 
—

 
—

 
—

 
—

 
—

 
543

 
606

 
562

Processing fees and other(2)
443

 
336

 
203

 
(5
)
 
7

 
(29
)
 
—

 
—

 
—

 
438

 
343

 
174

Total fee revenue(1)(2)
7,486

 
7,306

 
6,876

 
1,976

 
1,695

 
1,324

 
(8
)
 
—

 
—

 
9,454

 
9,001

 
8,200

Net interest income
2,691

 
2,309

 
2,081

 
(20
)
 
(5
)
 
3

 
—

 
—

 
—

 
2,671

 
2,304

 
2,084

Gains (losses) related to investment securities, net
6

 
(39
)
 
7

 
—

 
—

 
—

 
—

 
—

 
—

 
6

 
(39
)
 
7

Total revenue(1)(2)
10,183

 
9,576

 
8,964

 
1,956

 
1,690

 
1,327

 
(8
)
 
—

 
—

 
12,131

 
11,266

 
10,291

Provision for loan losses
15

 
2

 
10

 
—

 
—

 
—

 
—

 
—

 
—

 
15

 
2

 
10

Total expenses(1)(2)
7,081

 
6,717

 
6,660

 
1,544

 
1,286

 
1,218

 
390

 
266

 
199

 
9,015

 
8,269

 
8,077

Income before income tax expense
$
3,087

 
$
2,857

 
$
2,294

 
$
412

 
$
404

 
$
109

 
$
(398
)
 
$
(266
)
 
$
(199
)
 
$
3,101

 
$
2,995

 
$
2,204

Pre-tax margin
30
%
 
30
%
 
26
%
 
21
%
 
24
%
 
8
%
 
 
 
 
 
 
 
26
%
 
27
%
 
21
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average assets (in billions)
$
220.2

 
$
214.0

 
$
225.3

 
$
3.2

 
$
5.4

 
$
4.4

 
 
 
 
 
 
 
$
223.4

 
$
219.4

 
$
229.7


 
 
 
 
(1) The new revenue recognition standard contributed approximately $248 million in Investment Management total revenue, including approximately $190 million in management fees and $58 million in foreign exchange trading services, and $248 million in Investment Management total expenses for 2018 compared to 2017.
(2) Investment Servicing includes results from our acquisition of Charles River Development on October 1, 2018, which is described in Note 1.