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Lines of business - Contribution of Segments to Overall Profitability (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Segment Reporting Information [Line Items]          
Total fee and other revenue $ 3,117 $ 3,176 $ 3,128 $ 9,625 $ 9,272
Net interest revenue (expense) 703 780 730 2,297 2,373
Provision for credit losses 9 143 (16) 321 [1] (17) [1]
Income from consolidated investment management funds, net of noncontrolling interests 937 950 1,038 2,867 3,001
Investment income (loss), net 27 54 3 43 39
Net income (loss) attributable to noncontrolling interests 7 15 3 4 17
Operating segments          
Segment Reporting Information [Line Items]          
Total fee and other revenue 3,137 3,215 3,128 9,664 9,294
Net interest revenue (expense) 703 780 730 2,297 2,373
Total revenue 3,840 3,995 3,858 11,961 11,667
Provision for credit losses 9 143 (16) 321 (17)
Noninterest expense 2,681 2,686 2,590 8,079 7,936
Income (loss) before taxes $ 1,150 $ 1,166 $ 1,284 $ 3,561 $ 3,748
Pre-tax operating margin 30.00% 29.00% 33.00% 30.00% 32.00%
Average assets $ 414,865 $ 415,359 $ 350,679 $ 405,203 $ 343,129
Operating segments | Investment Services          
Segment Reporting Information [Line Items]          
Total fee and other revenue 2,246 2,339 2,296 7,021 6,690
Net interest revenue (expense) 681 768 761 2,255 2,348
Total revenue 2,927 3,107 3,057 9,276 9,038
Provision for credit losses (10) 145 (15) 284 (11)
Noninterest expense 2,020 1,989 1,973 5,996 5,917
Income (loss) before taxes $ 917 $ 973 $ 1,099 $ 2,996 $ 3,132
Pre-tax operating margin 31.00% 31.00% 36.00% 32.00% 35.00%
Average assets $ 329,324 $ 335,288 $ 269,926 $ 322,924 $ 263,631
Operating segments | Investment and Wealth Management          
Segment Reporting Information [Line Items]          
Total fee and other revenue 871 838 838 2,555 2,561
Net interest revenue (expense) 47 48 49 147 175
Total revenue 918 886 887 2,702 2,736
Provision for credit losses 12 7 0 28 (1)
Noninterest expense 661 658 592 2,014 1,916
Income (loss) before taxes $ 245 $ 221 $ 295 $ 660 $ 821
Pre-tax operating margin 27.00% 25.00% 33.00% 24.00% 30.00%
Average assets $ 30,160 $ 30,327 $ 27,840 $ 30,343 $ 29,815
Income from consolidated investment management funds, net of noncontrolling interests 20 39 0 39 22
Investment income (loss), net 27 54 3 43 39
Net income (loss) attributable to noncontrolling interests 7 15 3 4 17
Operating segments | Other          
Segment Reporting Information [Line Items]          
Total fee and other revenue 20 38 (6) 88 43
Net interest revenue (expense) (25) (36) (80) (105) (150)
Total revenue (5) 2 (86) (17) (107)
Provision for credit losses 7 (9) (1) 9 (5)
Noninterest expense 0 39 25 69 103
Income (loss) before taxes (12) (28) (110) (95) (205)
Average assets $ 55,381 $ 49,744 $ 52,913 $ 51,936 $ 49,683
[1] In the first quarter of 2020, we adopted new accounting guidance included in ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments, on a prospective basis. See Note 2 of the Notes to Consolidated Financial Statements for additional information.