v3.26.1
Goodwill and intangible assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Breakdown of Goodwill by Business
The tables below provide a breakdown of goodwill by business segment.

Goodwill by business segment

(in millions)
Securities
Services		Market and Wealth ServicesInvestment
and Wealth
Management		Consolidated
Balance at Dec. 31, 2025
Goodwill$7,388 $1,481 $8,578 $17,447 
Accumulated impairment losses— — (680)(680)
Net goodwill$7,388 $1,481 $7,898 $16,767 
Business realignment (a)
(59)59 — — 
Foreign currency translation(17)(1)(18)(36)
Balance at June 30, 2026
Goodwill$7,312 $1,539 $8,560 $17,411 
Accumulated impairment losses— — (680)(680)
Net goodwill $7,312 $1,539 $7,880 $16,731 
(a)    In the first quarter of 2026, we realigned clients in Managed Accounts Solutions within our lines of business. See Note 16 for additional information.


Goodwill by business segment

(in millions)
Securities
Services		Market and Wealth ServicesInvestment
and Wealth
Management		Consolidated
Balance at Dec. 31, 2024
Goodwill$7,331 $1,475 $8,472 $17,278 
Accumulated impairment losses— — (680)(680)
Net goodwill$7,331 $1,475 $7,792 $16,598 
Dispositions(18)— — (18)
Foreign currency translation100 9 134 243 
Balance at June 30, 2025
Goodwill$7,413 $1,484 $8,606 $17,503 
Accumulated impairment losses— — (680)(680)
Net goodwill$7,413 $1,484 $7,926 $16,823 
Breakdown of Intangible Assets by Business
The tables below provide a breakdown of intangible assets by business segment.

Intangible assets – net carrying amount by business segment
(in millions)
Securities
Services		Market and Wealth ServicesInvestment
and Wealth
Management		OtherConsolidated
Balance at Dec. 31, 2025
$164 $371 $1,438 $849 $2,822 
Business realignment (a)
(44)44 — — — 
Amortization(11)(2)(6)— (19)
Foreign currency translation(1)— (2)— (3)
Balance at June 30, 2026
$108 $413 $1,430 $849 $2,800 
(a)    In the first quarter of 2026, we realigned clients in Managed Accounts Solutions within our lines of business.


Intangible assets – net carrying amount by business segment
(in millions)
Securities
Services		Market and Wealth ServicesInvestment
and Wealth
Management		OtherConsolidated
Balance at Dec. 31, 2024
$186 $374 $1,442 $849 $2,851 
Amortization(13)(1)(8)— (22)
Foreign currency translation5 — 15 — 20 
Balance at June 30, 2025
$178 $373 $1,449 $849 $2,849 
Breakdown of Intangible Assets by Type
The table below provides a breakdown of intangible assets by type.

Intangible assetsJune 30, 2026Dec. 31, 2025
(dollars in millions)Gross
carrying
amount		Accumulated
amortization		Net
carrying
amount		Gross
carrying
amount		Accumulated
amortization		Net
carrying
amount
Subject to amortization: (a)
Customer contracts – Securities Services
$730 $(623)$107 $779 $(616)$163 
Customer contracts – Market and Wealth Services
316 (273)43 269 (268)1 
Customer relationships – Investment and Wealth Management
512 (472)40 512 (467)45 
Other40 (16)24 40 (15)25 
Total subject to amortization$1,598 $(1,384)$214 $1,600 $(1,366)$234 
Not subject to amortization: (b)
Trade names$1,293 N/A$1,293 $1,294 N/A$1,294 
Customer relationships1,293 N/A1,293 1,294 N/A1,294 
Total not subject to amortization$2,586 N/A$2,586 $2,588 N/A$2,588 
Total intangible assets$4,184 $(1,384)$2,800 $4,188 $(1,366)$2,822 
(a)    Excludes fully amortized intangible assets.
(b)    Intangible assets not subject to amortization have an indefinite life.
N/A – Not applicable.
Estimated Annual Amortization Expense
Estimated annual amortization expense for current intangibles for the next five years is as follows:

For the year ended
Dec. 31,
Estimated amortization expense
(in millions)
2026$37 
202731 
202827 
202924 
203019