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Contract revenue (Tables)
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The following tables present fee and other revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment. Business segment data has been determined on an internal management basis of accounting, rather than GAAP, which is used for consolidated financial reporting.
Disaggregation of contract revenue by business segment
Quarter ended
June 30, 2022June 30, 2021
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotalSecurities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
Fee and other revenue – contract revenue:
Investment services fees$1,294 $898 $24 $(17)$2,199 $1,238 $817 $24 $(17)$2,062 
Investment management and performance fees— 6 822 (2)826 — 4 870 (4)870 
Financing-related fees11 4 — — 15 4 12 — — 16 
Distribution and servicing fees1 (17)51 (1)34 1 (1)28 (1)27 
Investment and other revenue54 38 (66)1 27 32 — (7)— 25 
Total fee and other revenue – contract revenue1,360 929 831 (19)3,101 1,275 832 915 (22)3,000 
Fee and other revenue – not in scope of Accounting Standards Codification (“ASC”) 606 (a)(b)
189 45 6 94 334 158 71 37 44 310 
Total fee and other revenue$1,549 $974 $837 $75 $3,435 $1,433 $903 $952 $22 $3,310 
(a)    Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance.
(b)    The Investment and Wealth Management business segment is net of (loss) income attributable to noncontrolling interests related to consolidated investment management funds of $(5) million in the second quarter of 2022 and $5 million in the second quarter of 2021.


Disaggregation of contract revenue by business segmentQuarter ended
March 31, 2022
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
Fee and other revenue – contract revenue:
Investment services fees$1,130 $846 $25 $(17)$1,984 
Investment management and performance fees— 6 887 (6)887 
Financing-related fees3 14 — — 17 
Distribution and servicing fees1 (4)32 1 30 
Investment and other revenue47 9 (27)(1)28 
Total fee and other revenue – contract revenue1,181 871 917 (23)2,946 
Fee and other revenue – not in scope of ASC 606 (a)(b)
222 35 (10)43 290 
Total fee and other revenue$1,403 $906 $907 $20 $3,236 
(a)    Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance.
(b)    The Investment and Wealth Management business segment is net of (loss) attributable to noncontrolling interests related to consolidated investment management funds of $(8) million in the first quarter of 2022.
Disaggregation of contract revenue by business segment
Year-to-date
June 30, 2022June 30, 2021
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotalSecurities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
Fee and other revenue – contract revenue:
Investment services fees$2,424 $1,744 $49 $(34)$4,183 $2,425 $1,664 $49 $(34)$4,104 
Investment management and performance fees— 12 1,709 (8)1,713 — 8 1,753 (9)1,752 
Financing-related fees14 18 — — 32 9 27 — — 36 
Distribution and servicing fees2 (21)83 — 64 3 (2)56 (1)56 
Investment and other revenue101 47 (93)— 55 65 3 (18)— 50 
Total fee and other revenue – contract revenue2,541 1,800 1,748 (42)6,047 2,502 1,700 1,840 (44)5,998 
Fee and other revenue – not in scope of ASC 606 (a)(b)
411 80 (4)137 624 362 117 55 39 573 
Total fee and other revenue$2,952 $1,880 $1,744 $95 $6,671 $2,864 $1,817 $1,895 $(5)$6,571 
(a)    Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance.
(b)    The Investment and Wealth Management business segment is net of (loss) income attributable to noncontrolling interests related to consolidated investment management funds of $(13) million in the first six months of 2022 and $10 million in the first six months of 2021.