Lines of Businesses (Tables)

3 Months Ended

Mar. 31, 2013

Dec. 31, 2012

Mar. 31, 2012

Segment Reporting [Abstract]

Contribution of Segments to Overall Profitability

The following consolidating schedules show the contribution of our businesses to our overall profitability.

For the quarter ended March 31, 2013 (dollar amounts in millions)	Investment Management				Investment Services			Other			Consolidated
Fee and other revenue	$	894		(a)	$	1,860		$	124		$	2,878		(a)
Net interest revenue	62				653			4			719
Total revenue	956				2,513			128			3,597
Provision for credit losses	—				—			(24		)	(24		)
Noninterest expense	745				1,828			255			2,828
Income (loss) before taxes	$	211		(a)	$	685		$	(103	)	$	793		(a)
Pre-tax operating margin (b)	22		%		27		%	N/M			22		%
Average assets	$	38,743			$	238,374		$	56,547		$	333,664

(a) Total fee and other revenue includes income from consolidated investment management funds of $50 million, net of noncontrolling interests of $16 million, for a net impact of $34 million. Income before taxes includes noncontrolling interests of $16 million.

(b) Income before taxes divided by total revenue.

N/M - Not meaningful.

For the quarter ended Dec. 31, 2012 (dollar amounts in millions)	Investment Management				Investment Services			Other			Consolidated
Fee and other revenue	$	933		(a)	$	1,765		$	183		$	2,881		(a)
Net interest revenue	55				591			79			725
Total revenue	988				2,356			262			3,606
Provision for credit losses	—				—			(61		)	(61		)
Noninterest expense	762				1,830			233			2,825
Income before taxes	$	226		(a)	$	526		$	90		$	842		(a)
Pre-tax operating margin (b)	23		%		22		%	N/M			23		%
Average assets	$	37,750			$	241,653		$	56,592		$	335,995

(a) Total fee and other revenue includes income from consolidated investment management funds of $42 million, net of noncontrolling interests of $11 million, for a net impact of $31 million. Income before taxes includes noncontrolling interests of $11 million.

(b) Income before taxes divided by total revenue.

For the quarter ended March 31, 2012 (dollar amounts in millions)	Investment Management				Investment Services			Other			Consolidated
Fee and other revenue	$	852		(a)	$	1,843		$	175		$	2,870		(a)
Net interest revenue	55				648			62			765
Total revenue	907				2,491			237			3,635
Provision for credit losses	—				16			(11		)	5
Noninterest expense	670				1,846			240			2,756
Income before taxes	$	237		(a)	$	629		$	8		$	874		(a)
Pre-tax operating margin (b)	26		%		25		%	N/M			24		%
Average assets	$	36,473			$	212,737		$	52,134		$	301,344

(a) Total fee and other revenue includes income from consolidated investment management funds of $43 million, net of noncontrolling interests of $11 million, for a net impact of $32 million. Income before taxes includes noncontrolling interests of $11 million.

(b) Income before taxes divided by total revenue.