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Business segments (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Contribution of Segments to Overall Profitability
The following consolidating schedules present the contribution of our segments to our overall profitability.

For the quarter ended Sept. 30, 2025
Securities
Services
Market and Wealth ServicesInvestment
and Wealth Management
OtherConsolidated
(dollars in millions)
Total fee and other revenue$1,789 $1,243 $783 (a)$18 $3,833 (a)
Net interest income670 524 41 1 1,236 
Total revenue2,459 1,767 824 (a)19 5,069 (a)
Provision for credit losses(3)(3) (1)(7)
Noninterest expense1,656 895 640 45 3,236 
Income (loss) before income taxes$806 $875 $184 (a)$(25)$1,840 (a)
Pre-tax operating margin (b)
33%50%22%N/M36%
Average assets$202,454 $137,103 $27,247 $70,687 $437,491 
(a)    Total fee and other revenue, total revenue and income before income taxes are net of income attributable to noncontrolling interests related to consolidated investment management funds of $12 million.
(b)    Income before income taxes divided by total revenue.
N/M – Not meaningful.


For the quarter ended June 30, 2025
Securities
Services
Market and Wealth ServicesInvestment
and Wealth Management
OtherConsolidated
(dollars in millions)
Total fee and other revenue$1,799 $1,236 $760 (a)$18 $3,813 (a)
Net interest income (expense)675 506 41 (19)1,203 
Total revenue2,474 1,742 801 (a)(1)5,016 (a)
Provision for credit losses(13)(6)— (17)
Noninterest expense1,620 897 653 36 3,206 
Income (loss) before income taxes$867 $851 $148 (a)$(39)$1,827 (a)
Pre-tax operating margin (b)
35%49%19%N/M37%
Average assets$206,552 $135,119 $27,114 $69,823 $438,608 
(a)    Total fee and other revenue, total revenue and income before income taxes are net of income attributable to noncontrolling interests related to consolidated investment management funds of $12 million.
(b)    Income before income taxes divided by total revenue.
N/M – Not meaningful.


For the quarter ended Sept. 30, 2024
Securities
Services
Market and Wealth ServicesInvestment
and Wealth Management
OtherConsolidated
(dollars in millions)
Total fee and other revenue$1,605 $1,130 $804 (a)$54 $3,593 (a)
Net interest income (expense)609 415 45 (21)1,048 
Total revenue2,214 1,545 849 (a)33 4,641 (a)
Provision for credit losses15 — 23 
Noninterest expense1,557 834 672 37 3,100 
Income (loss) before income taxes$642 $704 $176 (a)$(4)$1,518 (a)
Pre-tax operating margin (b)
29%46%21%N/M33%
Average assets$199,057 $122,526 $26,525 $68,289 $416,397 
(a)    Total fee and other revenue, total revenue and income before income taxes are net of income attributable to noncontrolling interests related to consolidated investment management funds of $7 million.
(b)    Income before income taxes divided by total revenue.
N/M – Not meaningful.
For the nine months ended Sept. 30, 2025
Securities
Services
Market and Wealth ServicesInvestment
and Wealth Management
OtherConsolidated
(dollars in millions)
Total fee and other revenue$5,258 $3,668 $2,281 (a)$70 $11,277 (a)
Net interest income (expense)1,975 1,527 123 (27)3,598 
Total revenue7,233 5,195 2,404 (a)43 14,875 (a)
Provision for credit losses(8)(5)2 5 (6)
Noninterest expense4,860 2,658 2,007 169 9,694 
Income (loss) before income taxes$2,381 $2,542 $395 (a)$(131)$5,187 (a)
Pre-tax operating margin (b)
33%49%16%N/M35%
Average assets$201,330 $133,851 $26,924 $68,622 $430,727 
(a)    Total fee and other revenue, total revenue and income before income taxes are net of income attributable to noncontrolling interests related to consolidated investment management funds of $26 million.
(b)    Income before income taxes divided by total revenue.
N/M – Not meaningful.


For the nine months ended Sept. 30, 2024
Securities
Services
Market and Wealth ServicesInvestment
and Wealth Management
OtherConsolidated
(dollars in millions)
Total fee and other revenue$4,805 $3,342 $2,387 (a)$109 $10,643 (a)
Net interest income (expense)1,787 1,255 129 (53)3,118 
Total revenue6,592 4,597 2,516 (a)56 13,761 (a)
Provision for credit losses23 10 13 50 
Noninterest expense4,648 2,501 2,080 117 9,346 
Income (loss) before income taxes$1,921 $2,086 $432 (a)$(74)$4,365 (a)
Pre-tax operating margin (b)
29%45%17%N/M32%
Average assets$195,552 $123,619 $26,277 $65,532 $410,980 
(a)    Total fee and other revenue, total revenue and income before income taxes are net of income attributable to noncontrolling interests related to consolidated investment management funds of $11 million.
(b)    Income before income taxes divided by total revenue.
N/M – Not meaningful.