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Line of Business Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Summary of Line of Business Results
The following is a summary of our line of business results for the periods indicated.
Years Ended December 31,
Investment
Servicing		Investment
Management		OtherTotal
(Dollars in millions)202520242023202520242023202520242023202520242023
Revenue:
Servicing fees$5,324 $5,016 $4,922 $— $— $— $— $— $— $5,324 $5,016 $4,922 
Management fees— — — 2,398 2,124 1,876 — — — 2,398 2,124 1,876 
Foreign exchange trading services1,441 1,248 1,140 170 138 125 3 15 — 1,614 1,401 1,265 
Securities finance481 415 402 24 23 24 — — — 505 438 426 
Software and processing fees927 888 811 — — — (24)— — 903 888 811 
Other fee revenue
209 188 145 27 35 35 — 66 — 236 289 180 
Total fee revenue8,382 7,755 7,420 2,619 2,320 2,060 (21)81 — 10,980 10,156 9,480 
Net interest income2,945 2,899 2,740 15 24 19 — — — 2,960 2,923 2,759 
Total other income4 2 — — — — — (81)(294)4 (79)(294)
Total revenue11,331 10,656 10,160 2,634 2,344 2,079 (21)— (294)13,944 13,000 11,945 
Provision for credit losses59 75 46 — — — — — — 59 75 46 
Expenses:
Compensation and employee benefits4,220 4,078 4,033 604 555 520 211 64 191 5,035 4,697 4,744 
Information systems and communications1,960 1,743 1,568 92 86 94 42 — 41 2,094 1,829 1,703 
Transaction processing services875 825 777 175 173 180 — — — 1,050 998 957 
Other
1,001 1,041 1,035 904 841 746 70 124 398 1,975 2,006 2,179 
Total expenses8,056 7,687 7,413 1,775 1,655 1,540 323 188 630 10,154 9,530 9,583 
Income before income tax expense$3,216 $2,894 $2,701 $859 $689 $539 $(344)$(188)$(924)$3,731 $3,395 $2,316 
Pre-tax margin28 %27 %27 %33 %29 %26 %27 %26 %19 %
Average assets (in billions)$339.9 $308.5 $271.5 $3.6 $3.2 $3.2 $343.5 $311.7 $274.7 
Components of Other in Segment Reporting The following provides additional information about the items included in the line of business results “Other” column for the periods indicated.
Years Ended December 31,
Other
(Dollars in millions)202520242023
Foreign exchange trading services(1)
$3 $15 $— 
Client rescoping (revenue impact)(2)
(24)— — 
Other fee revenue(3)
— 66 — 
Gains (losses) related to investment securities, net(4)
— (81)(294)
Deferred incentive compensation expense acceleration(5)
— (79)— 
Net repositioning (charges) release(6)
(326)2 (203)
Client rescoping (expense impact)(2)
(18)— — 
Other notable items(7)
21 (111)(427)
Total$(344)$(188)$(924)
(1) Amount consists of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue.
(2) Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses.
(3) Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue.
(4) Includes the loss on the sale of investment securities of $81 million and $294 million in 2024 and 2023, respectively, related to the repositioning of the investment portfolio.
(5) Deferred compensation expense acceleration of $79 million in 2024 reflected in compensation and employee benefits, associated with an amendment of certain outstanding deferred cash incentive compensation awards to align our deferred pay mix with peers.
(6) Amount in 2025 includes a charge of $211 million, reflected in compensation and employee benefits primarily from workforce rationalization, a $69 million charge reflected in occupancy costs associated with real estate footprint optimization and other repositioning charges of $24 million and $22 million, reflected in information systems and communications and other expenses, respectively, relating to operating model changes. The amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint, and net repositioning charges in 2023 includes $182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $21 million of occupancy costs related to real estate footprint optimization.
(7) Amount in 2025 primarily includes an FDIC special assessment release of $60 million and legal and related costs of $40 million reflected in other expenses. Amounts in 2024 and 2023 are primarily related to the FDIC special assessment of $99 million and $387 million, respectively, reflected in other expenses. Other notable items also include a $12 million charge in 2024 reflected in other expenses and $41 million in 2023 reflected in information systems and communications, primarily related to operating model changes.