Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheet

v3.25.4
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 28,595 $ 26,003
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 203,250 264,111
Cash and cash equivalents 231,845 290,114
Time deposits placed and other short-term investments 7,474 6,372
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $185,491 and $144,501 measured at fair value) 316,578 274,709
Trading account assets (includes $185,869 and $170,328 pledged as collateral) 366,954 314,460
Derivative assets 40,881 40,948
Debt securities:    
Carried at fair value 402,975 358,607
Held-to-maturity, at cost (fair value $442,430 and $450,548) 522,660 558,677
Total debt securities 925,635 917,284
Loans and leases (includes $3,498 and $4,249 measured at fair value) 1,185,700 1,095,835
Allowance for loan and lease losses (13,203) (13,240)
Loans and leases, net of allowance 1,172,497 1,082,595
Premises and equipment, net 12,516 12,168
Goodwill 69,021 69,021
Loans held-for-sale (includes $2,271 and $2,214 measured at fair value) 5,165 9,545
Customer and other receivables 98,186 82,247
Other assets (includes $9,058 and $13,176 measured at fair value) 164,986 161,836
Total assets 3,411,738 3,261,299
Deposits in U.S. offices:    
Noninterest-bearing 517,834 507,561
Interest-bearing (includes $1,223 and $310 measured at fair value) 1,361,177 1,329,014
Deposits in non-U.S. offices:    
Noninterest-bearing 14,216 16,297
Interest-bearing 125,502 112,595
Total deposits 2,018,729 1,965,467
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $223,067 and $192,859 measured at fair value) 344,716 331,758
Trading account liabilities 105,996 92,543
Derivative liabilities 42,076 39,353
Short-term borrowings (includes $8,051 and $6,245 measured at fair value) 48,088 43,391
Accrued expenses and other liabilities (includes $8,996 and $13,199 measured at fair value and $1,177 and $1,096 of reserve for unfunded lending commitments) 231,074 211,545
Long-term debt (includes $72,591 and $50,005 measured at fair value) 317,816 283,279
Total liabilities 3,108,495 2,967,336
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 12 – 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 – 7,212,464,345 and 7,610,862,311 shares 26,084 45,336
Retained earnings 261,693 240,753
Accumulated other comprehensive income (loss) (10,526) (15,285)
Total shareholders’ equity 303,243 293,963
Total liabilities and shareholders’ equity 3,411,738 3,261,299
Consolidated VIEs    
Assets    
Trading account assets (includes $185,869 and $170,328 pledged as collateral) 7,139 5,575
Debt securities:    
Loans and leases (includes $3,498 and $4,249 measured at fair value) 17,875 19,144
Allowance for loan and lease losses (871) (919)
Loans and leases, net of allowance 17,004 18,225
Other assets (includes $9,058 and $13,176 measured at fair value) 709 319
Total assets 24,852 24,119
Deposits in non-U.S. offices:    
Short-term borrowings (includes $8,051 and $6,245 measured at fair value) 5,779 3,329
Long-term debt (includes $72,591 and $50,005 measured at fair value) 6,847 8,457
All other liabilities (includes $18 and $21 of non-recourse liabilities) 18 21
Total liabilities $ 12,644 $ 11,807