Quarterly report [Sections 13 or 15(d)]

Consolidated Statement of Changes in Shareholders' Equity

v3.25.3
Consolidated Statement of Changes in Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Preferred Stock
Common Stock and Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2023 $ 291,646 $ 28,397 $ 56,365 $ 224,672 $ (17,788)
Beginning balance (in shares) at Dec. 31, 2023     7,895.5    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 20,467     20,467  
Net change in debt securities 444       444
Net change in debit valuation adjustments (135)       (135)
Net change in derivatives 3,100       3,100
Employee benefit plan adjustments 75       75
Net change in foreign currency translation adjustments (30)       (30)
Dividends declared:          
Common (5,818)     (5,818)  
Preferred (1,352)     (1,352)  
Redemption of preferred stock (3,854) (3,843)   (11)  
Common stock issued under employee plans, net, and other (in shares)     46.6    
Common stock issued under employee plans, net, and other 1,538   $ 1,542 (4)  
Common stock repurchased (9,569)   $ (9,569)    
Common stock repurchased (in shares)     (253.3)    
Ending balance at Sep. 30, 2024 296,512 24,554 $ 48,338 237,954 (14,334)
Ending balance (in shares) at Sep. 30, 2024     7,688.8    
Beginning balance at Jun. 30, 2024 293,892 26,548 $ 51,376 233,597 (17,629)
Beginning balance (in shares) at Jun. 30, 2024     7,774.8    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 6,896     6,896  
Net change in debt securities 417       417
Net change in debit valuation adjustments 0        
Net change in derivatives 2,830       2,830
Employee benefit plan adjustments 27       27
Net change in foreign currency translation adjustments 21       21
Dividends declared:          
Common (2,021)     (2,021)  
Preferred (510)     (510)  
Redemption of preferred stock (2,000) (1,994)   (6)  
Common stock issued under employee plans, net, and other (in shares)     2.2    
Common stock issued under employee plans, net, and other 494   $ 496 (2)  
Common stock repurchased (3,534)   $ (3,534)    
Common stock repurchased (in shares)     (88.2)    
Ending balance at Sep. 30, 2024 296,512 24,554 $ 48,338 237,954 (14,334)
Ending balance (in shares) at Sep. 30, 2024     7,688.8    
Beginning balance at Dec. 31, 2024 295,559 23,159 $ 45,336 242,349 (15,285)
Beginning balance (in shares) at Dec. 31, 2024     7,610.9    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 22,981     22,981  
Net change in debt securities 489       489
Net change in debit valuation adjustments (161)       (161)
Net change in derivatives 3,145       3,145
Employee benefit plan adjustments 37       37
Net change in foreign currency translation adjustments 30       30
Dividends declared:          
Common (6,031)     (6,031)  
Preferred (1,117)     (1,117)  
Issuance of preferred stock 5,493 5,493      
Redemption of preferred stock (2,669) (2,660)   (9)  
Common stock issued under employee plans, net, and other (in shares)     53.2    
Common stock issued under employee plans, net, and other 1,519   $ 1,551 (32)  
Common stock repurchased (15,123)   $ (15,123)    
Common stock repurchased (in shares)     (334.7)    
Ending balance at Sep. 30, 2025 304,152 25,992 $ 31,764 258,141 (11,745)
Ending balance (in shares) at Sep. 30, 2025     7,329.4    
Beginning balance at Jun. 30, 2025 299,599 23,495 $ 36,428 252,180 (12,504)
Beginning balance (in shares) at Jun. 30, 2025     7,436.7    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 8,469     8,469  
Net change in debt securities 438       438
Net change in debit valuation adjustments (305)       (305)
Net change in derivatives 636       636
Employee benefit plan adjustments (16)       (16)
Net change in foreign currency translation adjustments 6       6
Dividends declared:          
Common (2,079)     (2,079)  
Preferred (429)     (429)  
Issuance of preferred stock 2,497 2,497      
Common stock issued under employee plans, net, and other (in shares)     1.1    
Common stock issued under employee plans, net, and other 636   $ 636    
Common stock repurchased (5,300)   $ (5,300)    
Common stock repurchased (in shares)     (108.4)    
Ending balance at Sep. 30, 2025 $ 304,152 $ 25,992 $ 31,764 $ 258,141 $ (11,745)
Ending balance (in shares) at Sep. 30, 2025     7,329.4