
For the quarter ended Sept. 30, 2021	Investment Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	2,378		$	985		(a)	$	35	$	3,398		(a)
Net interest revenue (expense)	632			47				(38)		641
Total revenue (loss)	3,010			1,032			(a)	(3)		4,039			(a)
Provision for credit losses	(35)			(7)				(3)		(45)
Noninterest expense	2,211			691				16		2,918
Income (loss) before income taxes	$	834		$	348		(a)	$	(16)	$	1,166		(a)
Pre-tax operating margin (b)	28		%	34		%		N/M		29		%
Average assets	$	379,273		$	30,195			$	37,293	$	446,761

(a) Total fee and other revenue, total revenue and income before income taxes are net of loss attributable to noncontrolling interests related to consolidated investment management funds of $4 million.


For the quarter ended June 30, 2021	Investment Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	2,336		$	952		(a)	$	22	$	3,310		(a)
Net interest revenue (expense)	643			47				(45)		645
Total revenue (loss)	2,979			999			(a)	(23)		3,955			(a)
Provision for credit losses	(77)			(4)				(5)		(86)
Noninterest expense	2,052			677				49		2,778
Income (loss) before income taxes	$	1,004		$	326		(a)	$	(67)	$	1,263		(a)
Pre-tax operating margin (b)	34		%	33		%		N/M		32		%
Average assets	$	383,330		$	30,370			$	38,629	$	452,329

(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 $5 million.


For the quarter ended Sept. 30, 2020	Investment Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	2,246		$	871		(a)	$	20	$	3,137		(a)
Net interest revenue (expense)	681			47				(25)		703
Total revenue (loss)	2,927			918			(a)	(5)		3,840			(a)
Provision for credit losses	(10)			12				7		9
Noninterest expense	2,020			661				—		2,681
Income (loss) before income taxes	$	917		$	245		(a)	$	(12)	$	1,150		(a)
Pre-tax operating margin (b)	31		%	27		%		N/M		30		%
Average assets	$	329,324		$	30,160			$	55,381	$	414,865


For the nine months ended Sept. 30, 2021	Investment Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	7,059		$	2,880		(a)	$	30	$	9,969		(a)
Net interest revenue (expense)	1,920			142				(121)		1,941
Total revenue (loss)	8,979			3,022			(a)	(91)		11,910			(a)
Provision for credit losses	(191)			(7)				(16)		(214)
Noninterest expense	6,364			2,077				106		8,547
Income (loss) before income taxes	$	2,806		$	952		(a)	$	(181)	$	3,577		(a)
Pre-tax operating margin (b)	31		%	31		%		N/M		30		%
Average assets	$	382,531		$	30,870			$	39,705	$	453,106


For the nine months ended Sept. 30, 2020	Investment Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	7,021		$	2,555		(a)	$	88	$	9,664		(a)
Net interest revenue (expense)	2,255			147				(105)		2,297
Total revenue (loss)	9,276			2,702			(a)	(17)		11,961			(a)
Provision for credit losses	284			28				9		321
Noninterest expense	5,996			2,014				69		8,079
Income (loss) before income taxes	$	2,996		$	660		(a)	$	(95)	$	3,561		(a)
Pre-tax operating margin (b)	32		%	24		%		N/M		30		%
Average assets	$	322,924		$	30,343			$	51,936	$	405,203

(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 funds of $4 million.