Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheet

v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 28,100 $ 28,595
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 201,645 203,250
Cash and cash equivalents 229,745 231,845
Time deposits placed and other short-term investments 9,447 7,474
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $217,206 and $185,491 measured at fair value) 412,415 316,578
Trading account assets (includes $178,949 and $185,869 pledged as collateral) 358,748 366,954
Derivative assets 45,336 40,881
Debt securities:    
Carried at fair value 363,419 402,975
Held-to-maturity, at amortized cost (fair value $423,734 and $442,430) 505,799 522,660
Total debt securities 869,218 925,635
Loans and leases (includes $3,359 and $3,498 measured at fair value) 1,217,619 1,185,700
Allowance for loan and lease losses (13,114) (13,203)
Loans and leases, net of allowance 1,204,505 1,172,497
Premises and equipment, net 12,788 12,516
Goodwill 69,021 69,021
Loans held-for-sale (includes $3,842 and $2,271 measured at fair value) 6,535 5,165
Customer and other receivables 106,269 98,186
Other assets (includes $7,311 and $9,058 measured at fair value) 175,164 164,986
Total assets 3,499,191 3,411,738
Deposits in U.S. offices:    
Noninterest-bearing 529,985 517,834
Interest-bearing (includes $1,828 and $1,223 measured at fair value) 1,357,513 1,361,177
Deposits in non-U.S. offices:    
Noninterest-bearing 14,358 14,216
Interest-bearing 123,268 125,502
Total deposits 2,025,124 2,018,729
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $223,698 and $223,067 measured at fair value) 332,218 344,716
Trading account liabilities 123,162 105,996
Derivative liabilities 42,577 42,076
Short-term borrowings (includes $11,431 and $8,051 measured at fair value) 59,979 48,088
Accrued expenses and other liabilities (includes $4,830 and $8,996 measured at fair value and $1,150 and $1,177 of reserve for unfunded lending commitments) 275,174 231,074
Long-term debt (includes $84,797 and $72,591 measured at fair value) 339,863 317,816
Total liabilities 3,198,097 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 – 7,017,967,460 and 7,212,464,345 shares 13,611 26,084
Retained earnings 274,520 261,693
Accumulated other comprehensive income (loss) (12,033) (10,526)
Total shareholders’ equity 301,094 303,243
Total liabilities and shareholders’ equity 3,499,191 3,411,738
Consolidated VIEs    
Assets    
Trading account assets (includes $178,949 and $185,869 pledged as collateral) 7,703 7,139
Debt securities:    
Loans and leases (includes $3,359 and $3,498 measured at fair value) 17,905 17,875
Allowance for loan and lease losses (858) (871)
Loans and leases, net of allowance 17,047 17,004
Other assets (includes $7,311 and $9,058 measured at fair value) 889 709
Total assets 25,639 24,852
Deposits in non-U.S. offices:    
Short-term borrowings (includes $11,431 and $8,051 measured at fair value) 6,964 5,779
Long-term debt (includes $84,797 and $72,591 measured at fair value) 7,555 6,847
All other liabilities (includes $20 and $18 of non-recourse liabilities) 20 18
Total liabilities $ 14,539 $ 12,644