
For the quarter ended Sept. 30, 2022	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	1,536		$	989		$	805		(a)	$	23	$	3,353		(a)
Net interest revenue (expense)	538			378			57				(47)		926
Total revenue (loss)	2,074			1,367			862			(a)	(24)		4,279			(a)
Provision for credit losses	(6)			(1)			3				(26)		(30)
Noninterest expense	1,557			737			1,356				29		3,679
Income (loss) before income taxes	$	523		$	631		$	(497)		(a)	$	(27)	$	630		(a)
Pre-tax operating margin (b)	25		%	46		%	(57)		%		N/M		15		%
Average assets	$	203,063		$	138,204		$	29,996			$	44,407	$	415,670

(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 $— million.


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


For the quarter ended Sept. 30, 2021	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	1,488		$	890		$	985		(a)	$	35	$	3,398		(a)
Net interest revenue (expense)	349			283			47				(38)		641
Total revenue (loss)	1,837			1,173			1,032			(a)	(3)		4,039			(a)
Provision for credit losses	(19)			(16)			(7)				(3)		(45)
Noninterest expense	1,543			668			691				16		2,918
Income (loss) before income taxes	$	313		$	521		$	348		(a)	$	(16)	$	1,166		(a)
Pre-tax operating margin (b)	17		%	44		%	34		%		N/M		29		%
Average assets	$	226,930		$	143,630		$	30,195			$	46,006	$	446,761


For the nine months ended Sept. 30, 2022	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	4,488		$	2,869		$	2,549		(a)	$	118	$	10,024		(a)
Net interest revenue (expense)	1,372			1,014			176				(114)		2,448
Total revenue	5,860			3,883			2,725			(a)	4		12,472			(a)
Provision for credit losses	(3)			1			—				21		19
Noninterest expense	4,723			2,147			2,802				125		9,797
Income (loss) before income taxes	$	1,140		$	1,735		$	(77)		(a)	$	(142)	$	2,656		(a)
Pre-tax operating margin (b)	19		%	45		%	(3)		%		N/M		21		%
Average assets	$	214,518		$	140,435		$	33,077			$	43,044	$	431,074


For the nine months ended Sept. 30, 2021	Securities Services			Market and Wealth Services			Investment and Wealth Management				Other		Consolidated
(dollars in millions)
Total fee and other revenue	$	4,352		$	2,707		$	2,880		(a)	$	30	$	9,969		(a)
Net interest revenue (expense)	1,059			861			142				(121)		1,941
Total revenue (loss)	5,411			3,568			3,022			(a)	(91)		11,910			(a)
Provision for credit losses	(127)			(64)			(7)				(16)		(214)
Noninterest expense	4,362			2,002			2,077				106		8,547
Income (loss) before income taxes	$	1,176		$	1,630		$	952		(a)	$	(181)	$	3,577		(a)
Pre-tax operating margin (b)	22		%	46		%	31		%		N/M		30		%
Average assets	$	228,714		$	145,562		$	30,870			$	47,960	$	453,106

(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 $6 million.