Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheet (Parenthetical)

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell measured at fair value	$ 217,206	$ 185,491
Trading account assets, pledged as collateral	178,949	185,869
Trading account assets	358,748	366,954
Loans and leases	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
All other assets	175,164	164,986
Total assets	3,499,191	3,411,738
Debt securities:
Fair Value	423,734	442,430
Loans and leases, measured at fair value	3,359	3,498
Loans held for sale, measured at fair value	3,842	2,271
Other assets	7,311	9,058
Deposits in U.S. offices:
Interest bearing, measured at fair value	1,828	1,223
Federal funds purchased and securities loans or sold under agreements to repurchase, at fair value	223,698	223,067
Short-term borrowings, measured at fair value	11,431	8,051
Accrued expenses and other liabilities, measured at fair value	4,830	8,996
Accrued expenses and other liabilities, reserve for unfunded lending commitments	1,150	1,177
Long-term debt, measured at fair value	84,797	72,591
Short-term borrowings (includes $0 and $0 of non-recourse short-term borrowings)	59,979	48,088
Long-term debt (includes $7,555 and $6,847 of non-recourse debt)	339,863	317,816
Total liabilities	$ 3,198,097	$ 3,108,495
Shareholders’ equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	100,000,000	100,000,000
Preferred stock issued (in shares)	3,951,164	3,991,164
Preferred stock outstanding (in shares)	3,951,164	3,991,164
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	12,800,000,000	12,800,000,000
Common stock issued (in shares)	7,017,967,460	7,212,464,345
Common stock outstanding (in shares)	7,017,967,460	7,212,464,345
Consolidated VIEs
Assets
Trading account assets	$ 7,703	$ 7,139
Loans and leases	17,905	17,875
Allowance for loan and lease losses	(858)	(871)
Loans and leases, net of allowance	17,047	17,004
All other assets	889	709
Total assets	25,639	24,852
Deposits in U.S. offices:
Short-term borrowings (includes $0 and $0 of non-recourse short-term borrowings)	6,964	5,779
Long-term debt (includes $7,555 and $6,847 of non-recourse debt)	7,555	6,847
All other liabilities (includes $20 and $18 of non-recourse liabilities)	20	18
Total liabilities	14,539	12,644
Consolidated VIEs \| Nonrecourse
Deposits in U.S. offices:
Short-term borrowings (includes $0 and $0 of non-recourse short-term borrowings)	0	0
Long-term debt (includes $7,555 and $6,847 of non-recourse debt)	7,555	6,847
All other liabilities (includes $20 and $18 of non-recourse liabilities)	$ 20	$ 18