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

Fair Value Measurements - Level 3 Reconciliation (Details)

v3.25.4
Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI $ 50 $ (104) $ (324)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]      
Balance, beginning (1,961) (2,494) (2,893)
Total realized and unrealized gains (losses) included in Net Income 632 1,035 179
Gains (losses) in OCI 0 0 (375)
Purchases 1,315 1,104 1,318
Sales (1,859) (1,338) (1,281)
Issuances 0 0 0
Settlements 191 (576) (1,575)
Gross Transfers into Level 3  (422) (696) (8)
Gross Transfers out of Level 3  791 1,004 2,141
Balance, ending (1,313) (1,961) (2,494)
Change in unrealized gains (losses) in net income related to financial instruments still held $ (130) $ (132) $ (857)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income (loss), Market making and similar activities Other income (loss), Market making and similar activities Other income (loss), Market making and similar activities
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income (loss), Market making and similar activities Other income (loss), Market making and similar activities Other income (loss), Market making and similar activities
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
Gains (losses) in OCI $ 50 $ (104) $ (324)
Derivative assets 292,200 308,100  
Derivative liabilities 297,600 305,700  
Federal funds sold and securities borrowed or purchased under agreements to resell      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   0 0
Total realized and unrealized gains (losses) included in Net Income     0
Gains (losses) in OCI     0
Purchases     0
Sales     0
Issuances     0
Settlements     0
Gross Transfers into Level 3      7
Gross Transfers out of Level 3      (7)
Balance, ending     0
Change in unrealized gains (losses) in net income related to financial instruments still held     0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI     0
Total trading account assets      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 3,510 3,489 4,599
Total realized and unrealized gains (losses) included in Net Income 148 (15) 206
Gains (losses) in OCI 26 (63) 32
Purchases 2,355 1,885 819
Sales (1,433) (1,611) (733)
Issuances 40 44 20
Settlements (1,634) (1,362) (1,590)
Gross Transfers into Level 3  1,281 1,575 974
Gross Transfers out of Level 3  (874) (432) (838)
Balance, ending 3,419 3,510 3,489
Change in unrealized gains (losses) in net income related to financial instruments still held (165) 140 44
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 26 (63) 32
Corporate securities, trading loans and other      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,814 1,689 2,384
Total realized and unrealized gains (losses) included in Net Income 185 87 144
Gains (losses) in OCI 3 (6) 2
Purchases 1,849 1,128 453
Sales (1,093) (913) (241)
Issuances 40 44 20
Settlements (1,114) (1,158) (1,029)
Gross Transfers into Level 3  690 1,125 385
Gross Transfers out of Level 3  (452) (182) (429)
Balance, ending 1,922 1,814 1,689
Change in unrealized gains (losses) in net income related to financial instruments still held (88) 324 50
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 3 (6) 2
Equity securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 374 187 145
Total realized and unrealized gains (losses) included in Net Income 4 50 44
Gains (losses) in OCI 0 0 0
Purchases 187 255 39
Sales (57) (65) (52)
Issuances 0 0 0
Settlements (105) (62) (61)
Gross Transfers into Level 3  156 62 153
Gross Transfers out of Level 3  (237) (53) (81)
Balance, ending 322 374 187
Change in unrealized gains (losses) in net income related to financial instruments still held (13) (12) (5)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0 0
Non-U.S. sovereign debt      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 344 396 518
Total realized and unrealized gains (losses) included in Net Income 87 (1) 68
Gains (losses) in OCI 23 (57) 30
Purchases 36 82 64
Sales 0 (16) (23)
Issuances 0 0 0
Settlements (226) (79) (259)
Gross Transfers into Level 3  0 19 0
Gross Transfers out of Level 3  (24) 0 (2)
Balance, ending 240 344 396
Change in unrealized gains (losses) in net income related to financial instruments still held 62 0 70
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 23 (57) 30
Mortgage trading loans, MBS and ABS      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 978 1,217 1,552
Total realized and unrealized gains (losses) included in Net Income (128) (151) (50)
Gains (losses) in OCI 0 0 0
Purchases 283 420 263
Sales (283) (617) (417)
Issuances 0 0 0
Settlements (189) (63) (241)
Gross Transfers into Level 3  435 369 436
Gross Transfers out of Level 3  (161) (197) (326)
Balance, ending 935 978 1,217
Change in unrealized gains (losses) in net income related to financial instruments still held (126) (172) (71)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0 0
Total AFS debt securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 611 376 504
Total realized and unrealized gains (losses) included in Net Income (2) (1) 12
Gains (losses) in OCI 1 58 30
Purchases 935 338 0
Sales (1) 0 0
Issuances 0 0 0
Settlements (117) (221) (167)
Gross Transfers into Level 3  131 198 4
Gross Transfers out of Level 3  (1,205) (137) (7)
Balance, ending 353 611 376
Change in unrealized gains (losses) in net income related to financial instruments still held (3) (1) 4
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 1 58 30
Non-agency residential MBS      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 247 273 258
Total realized and unrealized gains (losses) included in Net Income 1 8 1
Gains (losses) in OCI 0 57 23
Purchases 0 0 0
Sales 0 0 0
Issuances 0 0 0
Settlements 0 (152) (9)
Gross Transfers into Level 3  6 191 0
Gross Transfers out of Level 3  (245) (130) 0
Balance, ending 9 247 273
Change in unrealized gains (losses) in net income related to financial instruments still held 1 6 2
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 57 23
Commercial MBS      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 328 0  
Total realized and unrealized gains (losses) included in Net Income (2) (8)  
Gains (losses) in OCI 4 1  
Purchases 258 338  
Sales 0 0  
Issuances 0 0  
Settlements (114) (3)  
Gross Transfers into Level 3  0 0  
Gross Transfers out of Level 3  (452) 0  
Balance, ending 22 328 0
Change in unrealized gains (losses) in net income related to financial instruments still held (3) (8)  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 4 1  
Non-U.S. and other taxable securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 36 103 195
Total realized and unrealized gains (losses) included in Net Income (1) (1) 10
Gains (losses) in OCI (3) 0 7
Purchases 677 0 0
Sales (1) 0 0
Issuances 0 0 0
Settlements (3) (66) (106)
Gross Transfers into Level 3  125 7 4
Gross Transfers out of Level 3  (508) (7) (7)
Balance, ending 322 36 103
Change in unrealized gains (losses) in net income related to financial instruments still held (1) 1 2
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI (3) 0 7
Tax-exempt securities      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   0 51
Total realized and unrealized gains (losses) included in Net Income     1
Gains (losses) in OCI     0
Purchases     0
Sales     0
Issuances     0
Settlements     (52)
Gross Transfers into Level 3      0
Gross Transfers out of Level 3      0
Balance, ending     0
Change in unrealized gains (losses) in net income related to financial instruments still held     0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI     0
Other debt securities carried at fair value – Non-agency residential MBS      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 149 69 119
Total realized and unrealized gains (losses) included in Net Income 6 5 (4)
Gains (losses) in OCI 0 0 0
Purchases 0 0 0
Sales 0 0 (19)
Issuances 0 0 0
Settlements 2 (27) (6)
Gross Transfers into Level 3  85 118 0
Gross Transfers out of Level 3  (117) (16) (21)
Balance, ending 125 149 69
Change in unrealized gains (losses) in net income related to financial instruments still held (39) (1) (3)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0 0
Loans and leases      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 82 93 253
Total realized and unrealized gains (losses) included in Net Income 2 1 (9)
Gains (losses) in OCI 0 0 0
Purchases 2 0 9
Sales 0 0 (54)
Issuances 24 1 0
Settlements (78) (13) (100)
Gross Transfers into Level 3  44 0 16
Gross Transfers out of Level 3  0 0 (22)
Balance, ending 76 82 93
Change in unrealized gains (losses) in net income related to financial instruments still held 2 0 (13)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 0 0 0
Loans held-for-sale      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 132 164 232
Total realized and unrealized gains (losses) included in Net Income 29 (6) 24
Gains (losses) in OCI 3 (7) 3
Purchases 1 25 0
Sales (14) 0 (25)
Issuances 0 1 0
Settlements (70) (45) (70)
Gross Transfers into Level 3  0 0 0
Gross Transfers out of Level 3  (26) 0 0
Balance, ending 55 132 164
Change in unrealized gains (losses) in net income related to financial instruments still held (13) (15) 13
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 3 (7) 3
Other assets      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,969 1,657 1,799
Total realized and unrealized gains (losses) included in Net Income (163) 279 211
Gains (losses) in OCI 28 (52) 10
Purchases 505 272 176
Sales 0 (6) (326)
Issuances 154 139 104
Settlements (375) (321) (319)
Gross Transfers into Level 3  0 1 2
Gross Transfers out of Level 3  0 0 0
Balance, ending 2,118 1,969 1,657
Change in unrealized gains (losses) in net income related to financial instruments still held (207) 47 74
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gains (losses) in OCI 28 (52) 10
Trading account liabilities – Equity securities      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (10) (12) 0
Total realized and unrealized gains (losses) included in Net Income (1) 9 1
Gains (losses) in OCI 0 0 0
Purchases 4 0 0
Sales (3) (4) 0
Issuances 0 0 0
Settlements 0 7 2
Gross Transfers into Level 3  (7) (21) (15)
Gross Transfers out of Level 3  3 11 0
Balance, ending (14) (10) (12)
Change in unrealized gains (losses) in net income related to financial instruments still held (1) 6 1
Trading account liabilities – Corporate securities and other      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (110) (39) (58)
Total realized and unrealized gains (losses) included in Net Income 4 (55) (3)
Gains (losses) in OCI 0 0 0
Purchases 0 (7) (3)
Sales (15) (15) (1)
Issuances (2) (3) (1)
Settlements 21 26 24
Gross Transfers into Level 3  (18) (17) (35)
Gross Transfers out of Level 3  1 0 38
Balance, ending (119) (110) (39)
Change in unrealized gains (losses) in net income related to financial instruments still held 11 (69) (9)
Short-term borrowings      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 0 (10) (14)
Total realized and unrealized gains (losses) included in Net Income 0 1 1
Gains (losses) in OCI 0 0 0
Purchases 0 0 0
Sales 0 0 (13)
Issuances (42) (9) (8)
Settlements 2 18 24
Gross Transfers into Level 3  0 0 0
Gross Transfers out of Level 3  0 0 0
Balance, ending (40) 0 (10)
Change in unrealized gains (losses) in net income related to financial instruments still held 0 0 (1)
Accrued expenses and other liabilities      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (89) (21) (32)
Total realized and unrealized gains (losses) included in Net Income (106) (234) 21
Gains (losses) in OCI 0 0 0
Purchases 172 165 (11)
Sales 0 0 0
Issuances 0 0 0
Settlements (1) 1 0
Gross Transfers into Level 3  (4) 0 0
Gross Transfers out of Level 3  0 0 1
Balance, ending (28) (89) (21)
Change in unrealized gains (losses) in net income related to financial instruments still held (53) (224) 4
Long-term debt      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning (553) (614) (862)
Total realized and unrealized gains (losses) included in Net Income (11) 64 179
Gains (losses) in OCI (5) (25) (26)
Purchases 0 0 (9)
Sales 0 0 50
Issuances 0 0 0
Settlements 133 23 47
Gross Transfers into Level 3  (45) (1) 0
Gross Transfers out of Level 3  0 0 7
Balance, ending (481) (553) (614)
Change in unrealized gains (losses) in net income related to financial instruments still held (6) 65 183
Level 3 | Recurring      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Derivative assets 3,802 3,562 3,400
Derivative liabilities $ 5,115 $ 5,523 $ 5,900