Lines of Businesses (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Contribution of Segments to Overall Profitability

The following consolidating schedules show the contribution of our businesses to our overall profitability.

For the year ended Dec. 31, 2015 (dollar amounts in millions)	Investment Management				Investment Services			Other			Consolidated
Fee and other revenue	$	3,600		(a)	$	8,026		$	474		$	12,100		(a)
Net interest revenue	319				2,495			212			3,026
Total revenue	3,919			(a)	10,521			686			15,126			(a)
Provision for credit losses	—				—			160			160
Noninterest expense	2,869				7,383			543			10,795			(b)
Income (loss) before taxes	$	1,050		(a)	$	3,138		$	(17	)	$	4,171		(a)(b)
Pre-tax operating margin (c)	27		%		30		%	N/M			28		%
Average assets	$	30,928			$	283,886		$	57,373		$	372,187

(a) Both fee and other revenue and total revenue include the net income from consolidated investment management funds of $18 million, representing $86 millionof income and noncontrolling interests of $68 million. Income before taxes is net of noncontrolling interests of $68 million.

(b) Includes a loss attributable to noncontrolling interest of $4 millionrelated to other consolidated subsidiaries.

(c) Income before taxes divided by total revenue.

For the year ended Dec. 31, 2014 (dollar amounts in millions)	Investment Management				Investment Services			Other			Consolidated
Fee and other revenue	$	3,672		(a)	$	7,719		$	1,337		$	12,728		(a)
Net interest revenue	274				2,339			267			2,880
Total revenue	3,946			(a)	10,058			1,604			15,608			(a)
Provision for credit losses	—				—			(48		)	(48		)
Noninterest expense	3,049				8,116			1,012			12,177
Income before taxes	$	897		(a)	$	1,942		$	640		$	3,479		(a)
Pre-tax operating margin (b)	23		%		19		%	N/M			22		%
Average assets	$	37,655			$	266,495		$	68,416		$	372,566

(a) Both fee and other revenue and total revenue include the net income from consolidated investment management funds of $79 million, representing $163 million of income and noncontrolling interests of $84 million. Income before taxes is net of noncontrolling interests of $84 million.

(b) Income before taxes divided by total revenue.

For the year ended Dec. 31, 2013 (dollar amounts in millions)	Investment Management				Investment Services			Other			Consolidated
Fee and other revenue	$	3,608		(a)	$	7,640		$	711		$	11,959		(a)
Net interest revenue	260				2,514			235			3,009
Total revenue	3,868			(a)	10,154			946			14,968			(a)
Provision for credit losses	—				1			(36		)	(35		)
Noninterest expense	2,903				7,398			1,005			11,306
Income (loss) before taxes	$	965		(a)	$	2,755		$	(23	)	$	3,697		(a)
Pre-tax operating margin (b)	25		%		27		%	N/M			25		%
Average assets	$	38,420			$	247,431		$	56,460		$	342,311

(a) Both fee and other revenue and total revenue include net income from consolidated investment management funds of $103 million, representing $183 million of income and noncontrolling interests of $80 million. Income before taxes is net of noncontrolling interests of $80 million.

(b) Income before taxes divided by total revenue.