Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30, 2024
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2024
Servicing fees	$	1,239	$	—	$	1,239	$	—	$	—	$	—	$	1,239
Management fees	—		—		—		511		—		511		511
Foreign exchange trading services	95		209		304		32		—		32		336
Securities finance	46		55		101		—		7		7		108
Software and processing fees	162		52		214		—		—		—		214
Other fee revenue	—		36		36		—		12		12		48
Total fee revenue	1,542		352		1,894		543		19		562		2,456
Net interest income	—		730		730		—		5		5		735
Total revenue	$	1,542	$	1,082	$	2,624	$	543	$	24	$	567	$	3,191
	Six Months Ended June 30, 2024
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2024
Servicing fees	$	2,467	$	—	$	2,467	$	—	$	—	$	—	$	2,467
Management fees	—		—		—		1,021		—		1,021		1,021
Foreign exchange trading services	190		422		612		55		—		55		667
Securities finance	94		97		191		—		13		13		204
Software and processing fees	318		103		421		—		—		—		421
Other fee revenue	—		79		79		—		19		19		98
Total fee revenue	3,069		701		3,770		1,076		32		1,108		4,878
Net interest income	—		1,441		1,441		—		10		10		1,451
Total revenue	$	3,069	$	2,142	$	5,211	$	1,076	$	42	$	1,118	$	6,329
	Three Months Ended June 30, 2023
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2023
Servicing fees	$	1,259	$	—	$	1,259	$	—	$	—	$	—	$	1,259
Management fees	—		—		—		461		—		461		461
Foreign exchange trading services	86		190		276		27		—		27		303
Securities finance	61		48		109		—		8		8		117
Software and processing fees	174		47		221		—		—		—		221
Other fee revenue	—		55		55		—		3		3		58
Total fee revenue	1,580		340		1,920		488		11		499		2,419
Net interest income	—		687		687		—		4		4		691
Total revenue	$	1,580	$	1,027	$	2,607	$	488	$	15	$	503	$	3,110
	Six Months Ended June 30, 2023
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2023
Servicing fees	$	2,476	$	—	$	2,476	$	—	$	—	$	—	$	2,476
Management fees	—		—		—		918		—		918		918
Foreign exchange trading services	176		421		597		48		—		48		645
Securities finance	124		88		212		—		14		14		226
Software and processing fees	294		92		386		—		—		—		386
Other fee revenue	—		83		83		—		20		20		103
Total fee revenue	3,070		684		3,754		966		34		1,000		4,754
Net interest income	—		1,449		1,449		—		8		8		1,457
Total revenue	$	3,070	$	2,133	$	5,203	$	966	$	42	$	1,008	$	6,211