Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 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 September 30, 2024
	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		2024
Servicing fees	$	1,266	$	—	$	1,266	$	—	$	—	$	—	$	—	$	—	$	—	$	1,266
Management fees	—		—		—		527		—		527		—		—		—		527
Foreign exchange trading services	96		216		312		47		—		47		—		15		15		374
Securities finance	45		66		111		—		5		5		—		—		—		116
Software and processing fees	159		49		208		—		—		—		—		—		—		208
Other fee revenue	—		48		48		—		11		11		—		66		66		125
Total fee revenue	1,566		379		1,945		574		16		590		—		81		81		2,616
Net interest income	—		716		716		—		7		7		—		—		—		723
Total other income	—		1		1		—		—		—		—		(81)		(81)		(80)
Total revenue	$	1,566	$	1,096	$	2,662	$	574	$	23	$	597	$	—	$	—	$	—	$	3,259
	Nine Months Ended September 30, 2024
	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		2024
Servicing fees	$	3,733	$	—	$	3,733	$	—	$	—	$	—	$	—	$	—	$	—	$	3,733
Management fees	—		—		—		1,548		—		1,548		—		—		—		1,548
Foreign exchange trading services	286		638		924		102		—		102		—		15		15		1,041
Securities finance	139		163		302		—		18		18		—		—		—		320
Software and processing fees	476		153		629		—		—		—		—		—		—		629
Other fee revenue	—		127		127		—		30		30		—		66		66		223
Total fee revenue	4,634		1,081		5,715		1,650		48		1,698		—		81		81		7,494
Net interest income	—		2,157		2,157		—		17		17		—		—		—		2,174
Total other income	—		1		1		—		—		—		—		(81)		(81)		(80)
Total revenue	$	4,634	$	3,239	$	7,873	$	1,650	$	65	$	1,715	$	—	$	—	$	—	$	9,588
	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