
For the quarter ended June 30, 2022	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	1,549		$	974		$	837		(a)	$	75	$	3,435		(a)
Net interest revenue (expense)	457			340			62				(35)		824
Total revenue	2,006			1,314			899			(a)	40		4,259			(a)
Provision for credit losses	13			4			—				30		47
Noninterest expense	1,656			702			691				63		3,112
Income (loss) before income taxes	$	337		$	608		$	208		(a)	$	(53)	$	1,100		(a)
Pre-tax operating margin (b)	17		%	46		%	23		%		N/M		26		%
Average assets	$	219,797		$	141,952		$	33,668			$	42,206	$	437,623

(a) Total fee and other revenue, total revenue and income before taxes are net of loss attributable to noncontrolling interests related to consolidated investment management funds of $5 million.


For the quarter ended March 31, 2022	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	1,403		$	906		$	907		(a)	$	20	$	3,236		(a)
Net interest revenue (expense)	377			296			57				(32)		698
Total revenue (loss)	1,780			1,202			964			(a)	(12)		3,934			(a)
Provision for credit losses	(10)			(2)			(3)				17		2
Noninterest expense	1,510			708			755				33		3,006
Income (loss) before income taxes	$	280		$	496		$	212		(a)	$	(62)	$	926		(a)
Pre-tax operating margin (b)	16		%	41		%	22		%		N/M		23		%
Average assets	$	220,889		$	141,183		$	35,629			$	42,501	$	440,202

(a) Total fee and other revenue, total revenue and income before taxes are net of loss attributable to noncontrolling interests related to consolidated investment management funds of $8 million.


For the quarter ended June 30, 2021	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	1,433		$	903		$	952		(a)	$	22	$	3,310		(a)
Net interest revenue (expense)	354			289			47				(45)		645
Total revenue (loss)	1,787			1,192			999			(a)	(23)		3,955			(a)
Provision for credit losses	(58)			(19)			(4)				(5)		(86)
Noninterest expense	1,400			652			677				49		2,778
Income (loss) before income taxes	$	445		$	559		$	326		(a)	$	(67)	$	1,263		(a)
Pre-tax operating margin (b)	25		%	47		%	33		%		N/M		32		%
Average assets	$	231,152		$	144,297		$	30,370			$	46,510	$	452,329

(a) Total fee and other revenue, total revenue and income before taxes are net of income attributable to noncontrolling interests related to consolidated investment management funds of $5 million.


For the six months ended June 30, 2022	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	2,952		$	1,880		$	1,744		(a)	$	95	$	6,671		(a)
Net interest revenue (expense)	834			636			119				(67)		1,522
Total revenue	3,786			2,516			1,863			(a)	28		8,193			(a)
Provision for credit losses	3			2			(3)				47		49
Noninterest expense	3,166			1,410			1,446				96		6,118
Income (loss) before income taxes	$	617		$	1,104		$	420		(a)	$	(115)	$	2,026		(a)
Pre-tax operating margin (b)	16		%	44		%	23		%		N/M		25		%
Average assets	$	220,340		$	141,570		$	34,643			$	42,371	$	438,924

(a) Total fee and other revenue, total revenue and income before taxes are net of loss attributable to noncontrolling interests related to consolidated investment management funds of $13 million.


For the six months ended June 30, 2021	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue (loss)	$	2,864		$	1,817		$	1,895		(a)	$	(5)	$	6,571		(a)
Net interest revenue (expense)	710			578			95				(83)		1,300
Total revenue	3,574			2,395			1,990			(a)	(88)		7,871			(a)
Provision for credit losses	(108)			(48)			—				(13)		(169)
Noninterest expense	2,819			1,334			1,386				90		5,629
Income before income taxes	$	863		$	1,109		$	604		(a)	$	(165)	$	2,411		(a)
Pre-tax operating margin (b)	24		%	46		%	30		%		N/M		31		%
Average assets	$	229,620		$	146,546		$	31,213			$	48,953	$	456,332

(a) Total fee and other revenue, total revenue and income before taxes are net of income attributable to noncontrolling interests related to consolidated investment management funds of $10 million.