Quarterly report [Sections 13 or 15(d)]

Consolidated Statement of Income

v3.26.1
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net interest income    
Interest income $ 33,359 $ 34,066
Interest expense 17,614 19,623
Net interest income 15,745 14,443
Noninterest income    
Fees and commissions 10,549 9,415
Market making and similar activities 3,637 3,584
Other income (loss) 341 805
Total noninterest income 14,527 13,804
Total revenue, net of interest expense 30,272 28,247
Provision for credit losses 1,337 1,480
Noninterest expense    
Compensation and benefits 11,334 10,889
Information processing and communications 2,018 1,894
Occupancy and equipment 1,900 1,856
Product delivery and transaction related 1,126 914
Professional fees 583 652
Marketing 533 506
Other general operating 1,037 1,059
Total noninterest expense 18,531 17,770
Income before income taxes 10,404 8,997
Income tax expense 1,820 1,637
Net income 8,584 7,360
Preferred stock dividends and other 429 406
Net income applicable to common shareholders $ 8,155 $ 6,954
Per common share information    
Earnings (in dollars per share) $ 1.12 $ 0.91
Diluted earnings (in dollars per share) $ 1.11 $ 0.89
Average common shares issued and outstanding (in shares) 7,256.1 7,677.9
Average diluted common shares issued and outstanding (in shares) 7,417.5 7,770.8