Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheet

v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 27,125 $ 28,595
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 215,354 203,250
Cash and cash equivalents 242,479 231,845
Time deposits placed and other short-term investments 7,386 7,474
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $228,013 and $185,491 measured at fair value) 383,264 316,578
Trading account assets (includes $185,980 and $185,869 pledged as collateral) 364,221 366,954
Derivative assets 48,315 40,881
Debt securities:    
Carried at fair value 386,389 402,975
Held-to-maturity, at amortized cost (fair value $433,611 and $442,430) 514,738 522,660
Total debt securities 901,127 925,635
Loans and leases (includes $3,757 and $3,498 measured at fair value) 1,205,035 1,185,700
Allowance for loan and lease losses (13,148) (13,203)
Loans and leases, net of allowance 1,191,887 1,172,497
Premises and equipment, net 12,539 12,516
Goodwill 69,021 69,021
Loans held-for-sale (includes $5,431 and $2,271 measured at fair value) 10,944 5,165
Customer and other receivables 96,082 98,186
Other assets (includes $12,107 and $9,058 measured at fair value) 168,921 164,986
Total assets 3,496,186 3,411,738
Deposits in U.S. offices:    
Noninterest-bearing 529,194 517,834
Interest-bearing (includes $1,783 and $1,223 measured at fair value) 1,372,969 1,361,177
Deposits in non-U.S. offices:    
Noninterest-bearing 14,924 14,216
Interest-bearing 120,576 125,502
Total deposits 2,037,663 2,018,729
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $227,301 and $223,067 measured at fair value) 353,020 344,716
Trading account liabilities 129,833 105,996
Derivative liabilities 43,938 42,076
Short-term borrowings (includes $11,444 and $8,051 measured at fair value) 57,630 48,088
Accrued expenses and other liabilities (includes $10,825 and $8,996 measured at fair value and $1,161 and $1,177 of reserve for unfunded lending commitments) 247,470 231,074
Long-term debt (includes $79,274 and $72,591 measured at fair value) 325,964 317,816
Total liabilities 3,195,518 3,108,495
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 – 3,951,164 and 3,991,164 shares 24,996 25,992
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,129,908,032 and 7,212,464,345 shares 18,885 26,084
Retained earnings 267,765 261,693
Accumulated other comprehensive income (loss) (10,978) (10,526)
Total shareholders’ equity 300,668 303,243
Total liabilities and shareholders’ equity 3,496,186 3,411,738
Consolidated VIEs    
Assets    
Trading account assets (includes $185,980 and $185,869 pledged as collateral) 7,184 7,139
Debt securities:    
Loans and leases (includes $3,757 and $3,498 measured at fair value) 16,936 17,875
Allowance for loan and lease losses (855) (871)
Loans and leases, net of allowance 16,081 17,004
Other assets (includes $12,107 and $9,058 measured at fair value) 701 709
Total assets 23,966 24,852
Deposits in non-U.S. offices:    
Short-term borrowings (includes $11,444 and $8,051 measured at fair value) 6,403 5,779
Long-term debt (includes $79,274 and $72,591 measured at fair value) 6,319 6,847
All other liabilities (includes $21 and $18 of non-recourse liabilities) 21 18
Total liabilities $ 12,743 $ 12,644