Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Revenue by Category

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.

	Three Months Ended March 31, 2026
	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		2026
Servicing fees	$	1,409	$	—	$	1,409	$	—	$	—	$	—	$	—	$	—	$	—	$	1,409
Management fees (1)	—		—		—		724		—		724		—		—		—		724
Foreign exchange trading services(1)	111		321		432		3		—		3		—		—		—		435
Securities finance	55		55		110		—		6		6		—		—		—		116
Software services(1)	169		—		169		—		—		—		—		—		—		169
Other fee revenue(1)	—		102		102		—		5		5		—		—		—		107
Total fee revenue	1,744		478		2,222		727		11		738		—		—		—		2,960
Net interest income	—		832		832		—		3		3		—		—		—		835
Total other income	—		1		1		—		—		—		—		—		—		1
Total revenue	$	1,744	$	1,311	$	3,055	$	727	$	14	$	741	$	—	$	—	$	—	$	3,796
	Three Months Ended March 31, 2025
	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		2025
Servicing fees	$	1,275	$	—	$	1,275	$	—	$	—	$	—	$	—	$	—	$	—	$	1,275
Management fees (1)	—		—		—		587		—		587		—		—		—		587
Foreign exchange trading services(1)	100		237		337		—		—		—		—		—		—		337
Securities finance	45		63		108		—		6		6		—		—		—		114
Software services(1)	158		—		158		—		—		—		—		—		—		158
Other fee revenue(1)	—		101		101		—		(2)		(2)		—		—		—		99
Total fee revenue	1,578		401		1,979		587		4		591		—		—		—		2,570
Net interest income	—		709		709		—		5		5		—		—		—		714
Total revenue	$	1,578	$	1,110	$	2,688	$	587	$	9	$	596	$	—	$	—	$	—	$	3,284

(1) In the first quarter of 2026, revenue related to distribution and marketing activities was reclassified from foreign exchange trading services to management fees. Additionally, lending-related and other fees, previously recognized within software and processing fees, was reclassified to other fee revenue, and the software and processing fees caption has been changed to software services. Prior-period amounts have been reclassified to conform to the current presentation. These reclassifications had no impact on total fee revenue, total revenue or net income, on either a consolidated or line of business basis.