| Contribution of Segments to Overall Profitability |
The following consolidating schedules present the contribution of our segments to our overall profitability.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the quarter ended June 30, 2026 | Securities
Services | | Market and Wealth Services | | Investment
and Wealth Management | | Other | | Consolidated | | | (dollars in millions) | | | Total fee and other revenue | $ | 2,046 | | | $ | 1,359 | | | $ | 809 | | (a) | $ | 7 | | | $ | 4,221 | | (a) | | Net interest income | 782 | | | 611 | | | 54 | | | (1) | | | 1,446 | | | | Total revenue | 2,828 | | | 1,970 | | | 863 | | (a) | 6 | | | 5,667 | | (a) | | Provision for credit losses | (5) | | | (2) | | | (5) | | | 4 | | | (8) | | | | Noninterest expense | 1,722 | | | 948 | | | 686 | | | 83 | | | 3,439 | | | | Income (loss) before income taxes | $ | 1,111 | | | $ | 1,024 | | | $ | 182 | | (a) | $ | (81) | | | $ | 2,236 | | (a) | Pre-tax operating margin (b) | 39.3 | % | | 52.0 | % | | 21.1 | % | | N/M | | 39.8 | % | | | Average assets | $ | 214,794 | | | $ | 148,791 | | | $ | 27,508 | | | $ | 73,677 | | | $ | 464,770 | | |
(a) Total fee and other revenue, total revenue and income before income taxes are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds of $31 million. (b) Income before income taxes divided by total revenue. N/M – Not meaningful.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the quarter ended June 30, 2025 | Securities
Services | (a) | Market and Wealth Services | | Investment
and Wealth Management | | Other | | Consolidated | | | (dollars in millions) | (a) | | Total fee and other revenue | $ | 1,787 | | | $ | 1,248 | | | $ | 760 | | (b) | $ | 18 | | | $ | 3,813 | | (b) | | Net interest income (expense) | 675 | | | 506 | | | 41 | | | (19) | | | 1,203 | | | | Total revenue | 2,462 | | | 1,754 | | | 801 | | (b) | (1) | | | 5,016 | | (b) | | Provision for credit losses | (13) | | | (6) | | | — | | | 2 | | | (17) | | | | Noninterest expense | 1,605 | | | 912 | | | 653 | | | 36 | | | 3,206 | | | | Income (loss) before income taxes | $ | 870 | | | $ | 848 | | | $ | 148 | | (b) | $ | (39) | | | $ | 1,827 | | (b) | Pre-tax operating margin (c) | 35.3 | % | | 48.4 | % | | 18.5 | % | | N/M | | 36.6 | % | | | Average assets | $ | 206,064 | | | $ | 135,607 | | | $ | 27,114 | | | $ | 69,823 | | | $ | 438,608 | | |
(a) In the first quarter of 2026, we realigned clients in Managed Accounts Solutions from the Securities Services business segment to the Market and Wealth Services business segment. Prior period amounts were revised for comparability. (b) Total fee and other revenue, total revenue and income before income taxes are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds of $12 million. (c) Income before income taxes divided by total revenue. N/M – Not meaningful.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, 2026 | Securities
Services | | Market and Wealth Services | | Investment
and Wealth Management | | Other | | Consolidated | | | (dollars in millions) | | | Total fee and other revenue | $ | 3,967 | | | $ | 2,680 | | | $ | 1,581 | | (a) | $ | 34 | | | $ | 8,262 | | (a) | | Net interest income (expense) | 1,539 | | | 1,182 | | | 107 | | | (12) | | | 2,816 | | | | Total revenue | 5,506 | | | 3,862 | | | 1,688 | | (a) | 22 | | | 11,078 | | (a) | | Provision for credit losses | (16) | | | (8) | | | 4 | | | 5 | | | (15) | | | | Noninterest expense | 3,370 | | | 1,885 | | | 1,412 | | | 172 | | | 6,839 | | | | Income (loss) before income taxes | $ | 2,152 | | | $ | 1,985 | | | $ | 272 | | (a) | $ | (155) | | | $ | 4,254 | | (a) | Pre-tax operating margin (b) | 39.1 | % | | 51.4 | % | | 16.1 | % | | N/M | | 38.6 | % | | | Average assets | $ | 216,637 | | | $ | 148,243 | | | $ | 27,384 | | | $ | 71,093 | | | $ | 463,357 | | |
(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 $29 million. (b) Income before income taxes divided by total revenue. N/M – Not meaningful. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, 2025 | Securities
Services | (a) | Market and Wealth Services | | Investment
and Wealth Management | | Other | | Consolidated | | | (dollars in millions) | (a) | | Total fee and other revenue | $ | 3,445 | | | $ | 2,449 | | | $ | 1,498 | | (b) | $ | 52 | | | $ | 7,444 | | (b) | | Net interest income (expense) | 1,305 | | | 1,003 | | | 82 | | | (28) | | | 2,362 | | | | Total revenue | 4,750 | | | 3,452 | | | 1,580 | | (b) | 24 | | | 9,806 | | (b) | | Provision for credit losses | (5) | | | (2) | | | 2 | | | 6 | | | 1 | | | | Noninterest expense | 3,174 | | | 1,793 | | | 1,367 | | | 124 | | | 6,458 | | | | Income (loss) before income taxes | $ | 1,581 | | | $ | 1,661 | | | $ | 211 | | (b) | $ | (106) | | | $ | 3,347 | | (b) | Pre-tax operating margin (c) | 33.3 | % | | 48.1 | % | | 13.4 | % | | N/M | | 34.2 | % | | | Average assets | $ | 200,273 | | | $ | 132,684 | | | $ | 26,760 | | | $ | 67,572 | | | $ | 427,289 | | |
(a) In the first quarter of 2026, we realigned clients in Managed Accounts Solutions from the Securities Services business segment to the Market and Wealth Services business segment. Prior period amounts were revised for comparability. (b) 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 $14 million. (c) Income before income taxes divided by total revenue. N/M – Not meaningful.
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