Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheet

v3.25.3
Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 25,352 $ 26,003
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 221,155 264,111
Cash and cash equivalents 246,507 290,114
Time deposits placed and other short-term investments 8,212 6,372
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $173,686 and $144,501 measured at fair value) 325,800 274,709
Trading account assets (includes $174,783 and $170,328 pledged as collateral) 335,566 314,460
Derivative assets 42,115 40,948
Debt securities:    
Carried at fair value 404,636 358,607
Held-to-maturity, at cost (fair value $446,544 and $450,548) 531,414 558,677
Total debt securities 936,050 917,284
Loans and leases (includes $6,694 and $4,249 measured at fair value) 1,165,900 1,095,835
Allowance for loan and lease losses (13,252) (13,240)
Loans and leases, net of allowance 1,152,648 1,082,595
Premises and equipment, net 12,348 12,168
Goodwill 69,021 69,021
Loans held-for-sale (includes $2,071 and $2,214 measured at fair value) 6,831 9,545
Customer and other receivables 99,863 82,247
Other assets (includes $9,830 and $13,176 measured at fair value) 168,755 162,056
Total assets 3,403,716 3,261,519
Deposits in U.S. offices:    
Noninterest-bearing 510,208 507,561
Interest-bearing (includes $1,079 and $310 measured at fair value) 1,354,445 1,329,014
Deposits in non-U.S. offices:    
Noninterest-bearing 14,690 16,297
Interest-bearing 122,865 112,595
Total deposits 2,002,208 1,965,467
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $215,376 and $192,859 measured at fair value) 342,588 331,758
Trading account liabilities 117,322 92,543
Derivative liabilities 40,157 39,353
Short-term borrowings (includes $6,432 and $6,245 measured at fair value) 54,200 43,391
Accrued expenses and other liabilities (includes $8,511 and $13,199 measured at fair value and $1,109 and $1,096 of reserve for unfunded lending commitments) 231,605 210,169
Long-term debt (includes $66,315 and $50,005 measured at fair value) 311,484 283,279
Total liabilities 3,099,564 2,965,960
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 10 – Commitments and Contingencies)
Shareholders’ equity    
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,991,164 and 3,877,917 shares 25,992 23,159
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,329,421,929 and 7,610,862,311 shares 31,764 45,336
Retained earnings 258,141 242,349
Accumulated other comprehensive income (loss) (11,745) (15,285)
Total shareholders’ equity 304,152 295,559
Total liabilities and shareholders’ equity 3,403,716 3,261,519
Consolidated VIEs    
Assets    
Trading account assets (includes $174,783 and $170,328 pledged as collateral) 6,063 5,575
Debt securities:    
Loans and leases (includes $6,694 and $4,249 measured at fair value) 18,007 19,144
Allowance for loan and lease losses (889) (919)
Loans and leases, net of allowance 17,118 18,225
Other assets (includes $9,830 and $13,176 measured at fair value) 614 319
Total assets 23,795 24,119
Deposits in non-U.S. offices:    
Short-term borrowings (includes $6,432 and $6,245 measured at fair value) 4,980 3,329
Long-term debt (includes $66,315 and $50,005 measured at fair value) 8,420 8,457
All other liabilities (includes $22 and $21 of non-recourse liabilities) 22 21
Total liabilities $ 13,422 $ 11,807