Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

In the following tables, revenue is disaggregated by our two lines of business and by revenue stream for which the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

	Three Months Ended September 30, 2023
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2023
Servicing fees	$	1,234	$	—	$	1,234	$	—	$	—	$	—	$	—	$	—	$	—	$	1,234
Management fees	—		—		—		479		—		479		—		—		—		479
Foreign exchange trading services	84		194		278		35		—		35		—		—		—		313
Securities finance	53		45		98		—		5		5		—		—		—		103
Software and processing fees	142		46		188		—		—		—		—		—		—		188
Other fee revenue	—		41		41		—		3		3		—		—		—		44
Total fee revenue	1,513		326		1,839		514		8		522		—		—		—		2,361
Net interest income	—		620		620		—		4		4		—		—		—		624
Total other income	—		—		—		—		—		—		—		(294)		(294)		(294)
Total revenue	$	1,513	$	946	$	2,459	$	514	$	12	$	526	$	—	$	(294)	$	(294)	$	2,691
	Nine Months Ended September 30, 2023
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2023
Servicing fees	$	3,710	$	—	$	3,710	$	—	$	—	$	—	$	—	$	—	$	—	$	3,710
Management fees	—		—		—		1,397		—		1,397		—		—		—		1,397
Foreign exchange trading services	260		615		875		83		—		83		—		—		—		958
Securities finance	177		133		310		—		19		19		—		—		—		329
Software and processing fees	436		138		574		—		—		—		—		—		—		574
Other fee revenue	—		124		124		—		23		23		—		—		—		147
Total fee revenue	4,583		1,010		5,593		1,480		42		1,522		—		—		—		7,115
Net interest income	—		2,069		2,069		—		12		12		—		—		—		2,081
Total other income	—		—		—		—		—		—		—		(294)		(294)		(294)
Total revenue	$	4,583	$	3,079	$	7,662	$	1,480	$	54	$	1,534	$	—	$	(294)	$	(294)	$	8,902
	Three Months Ended September 30, 2022
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2022
Servicing fees	$	1,219	$	—	$	1,219	$	—	$	—	$	—	$	—	$	—	$	—	$	1,219
Management fees	—		—		—		472		—		472		—		—		—		472
Foreign exchange trading services	88		205		293		26		—		26		—		—		—		319
Securities finance	60		45		105		—		5		5		—		—		—		110
Software and processing fees	138		46		184		—		—		—		—		—		—		184
Other fee revenue	—		12		12		—		(17)		(17)		—		—		—		(5)
Total fee revenue	1,505		308		1,813		498		(12)		486		—		—		—		2,299
Net interest income	—		663		663		—		(3)		(3)		—		—		—		660
Total other income	—		—		—		—		—		—		—		—		—		—
Total revenue	$	1,505	$	971	$	2,476	$	498	$	(15)	$	483	$	—	$	—	$	—	$	2,959
	Nine Months Ended September 30, 2022
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2022
Servicing fees	$	3,884	$	—	$	3,884	$	—	$	—	$	—	$	—	$	—	$	—	$	3,884
Management fees	—		—		—		1,482		—		1,482		—		—		—		1,482
Foreign exchange trading services	279		669		948		61		—		61		—		—		—		1,009
Securities finance	175		125		300		—		13		13		—		—		—		313
Software and processing fees	427		146		573		—		—		—		—		—		—		573
Other fee revenue	—		46		46		—		(65)		(65)		—		—		—		(19)
Total fee revenue	4,765		986		5,751		1,543		(52)		1,491		—		—		—		7,242
Net interest income	—		1,760		1,760		—		(7)		(7)		—		—		—		1,753
Total other income	—		(2)		(2)		—		—		—		—		—		—		(2)
Total revenue	$	4,765	$	2,744	$	7,509	$	1,543	$	(59)	$	1,484	$	—	$	—	$	—	$	8,993