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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fee revenue:      
Servicing fees $ 5,324 $ 5,016 $ 4,922
Management fees 2,398 2,124 1,876
Foreign exchange trading services 1,614 1,401 1,265
Securities finance 505 438 426
Software and processing fees 903 888 811
Other fee revenue 236 289 180
Total fee revenue 10,980 10,156 9,480
Net interest income:      
Interest income 11,644 11,977 9,180
Interest expense 8,684 9,054 6,421
Net interest income 2,960 2,923 2,759
Other income:      
Gains (losses) from sales of available-for-sale securities, net 4 (79) (294)
Total other income 4 (79) (294)
Total revenue 13,944 13,000 11,945
Provision for credit losses 59 75 46
Expenses:      
Compensation and employee benefits 5,035 4,697 4,744
Information systems and communications 2,094 1,829 1,703
Transaction processing services 1,050 998 957
Occupancy 487 437 426
Other 1,488 1,569 1,753
Total expenses 10,154 9,530 9,583
Income before income tax expense 3,731 3,395 2,316
Income tax expense 786 708 372
Net income 2,945 2,687 1,944
Net income available to common shareholders -basic 2,717 2,483 1,821
Net income available to common shareholders - diluted $ 2,717 $ 2,483 $ 1,821
Earnings per common share:      
Basic (in USD per share) $ 9.55 $ 8.33 $ 5.65
Diluted (in USD per share) $ 9.40 $ 8.21 $ 5.58
Average common shares outstanding (in thousands):      
Basic (in shares) 284,545 297,883 322,337
Diluted (in shares) 289,019 302,226 326,568
Cash dividends declared (in USD per share) $ 3.20 $ 2.90 $ 2.64