Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

In the following table, 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. The amounts in the “Other” columns were not allocated to our business lines.

	Year Ended December 31, 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	$	5,016	$	—	$	5,016	$	—	$	—	$	—	$	—	$	—	$	—	$	5,016
Management fees	—		—		—		2,124		—		2,124		—		—		—		2,124
Foreign exchange trading services	386		862		1,248		138		—		138		—		15		15		1,401
Securities finance	185		230		415		—		23		23		—		—		—		438
Software and processing fees	685		203		888		—		—		—		—		—		—		888
Other fee revenue	—		188		188		—		35		35		—		66		66		289
Total fee revenue	6,272		1,483		7,755		2,262		58		2,320		—		81		81		10,156
Net interest income	—		2,899		2,899		—		24		24		—		—		—		2,923
Total other income	—		2		2		—		—		—		—		(81)		(81)		(79)
Total revenue	$	6,272	$	4,384	$	10,656	$	2,262	$	82	$	2,344	$	—	$	—	$	—	$	13,000
	Year Ended December 31, 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	$	4,922	$	—	$	4,922	$	—	$	—	$	—	$	—	$	—	$	—	$	4,922
Management fees	—		—		—		1,876		—		1,876		—		—		—		1,876
Foreign exchange trading services	344		796		1,140		125		—		125		—		—		—		1,265
Securities finance	225		177		402		—		24		24		—		—		—		426
Software and processing fees	627		184		811		—		—		—		—		—		—		811
Other fee revenue	—		145		145		—		35		35		—		—		—		180
Total fee revenue	6,118		1,302		7,420		2,001		59		2,060		—		—		—		9,480
Net interest income	—		2,740		2,740		—		19		19		—		—		—		2,759
Total other income	—		—		—		—		—		—		—		(294)		(294)		(294)
Total revenue	$	6,118	$	4,042	$	10,160	$	2,001	$	78	$	2,079	$	—	$	(294)	$	(294)	$	11,945
	Year Ended December 31, 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	$	5,087	$	—	$	5,087	$	—	$	—	$	—	$	—	$	—	$	—	$	5,087
Management fees	—		—		—		1,939		—		1,939		—		—		—		1,939
Foreign exchange trading services	363		908		1,271		82		—		82		—		23		23		1,376
Securities finance	233		164		397		—		19		19		—		—		—		416
Software and processing fees	599		190		789		—		—		—		—		—		—		789
Other fee revenue	—		46		46		—		(47)		(47)		—		—		—		(1)
Total fee revenue	6,282		1,308		7,590		2,021		(28)		1,993		—		23		23		9,606
Net interest income	—		2,551		2,551		—		(7)		(7)		—		—		—		2,544
Total other income	—		(2)		(2)		—		—		—		—		—		—		(2)
Total revenue	$	6,282	$	3,857	$	10,139	$	2,021	$	(35)	$	1,986	$	—	$	23	$	23	$	12,148