Quarterly report [Sections 13 or 15(d)]

Consolidated Statement of Changes in Shareholders' Equity

v3.26.1
Consolidated Statement of Changes in Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Preferred Stock
Common Stock and Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2024 $ 293,963 $ 23,159 $ 45,336 $ 240,753 $ (15,285)
Beginning balance (in shares) at Dec. 31, 2024     7,610.9    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 14,530     14,530  
Net change in debt securities 51       51
Net change in debit valuation adjustments 144       144
Net change in derivatives 2,509       2,509
Employee benefit plan adjustments 53       53
Net change in foreign currency translation adjustments 24       24
Dividends declared:          
Common (3,952)     (3,952)  
Preferred (688)     (688)  
Issuance of preferred stock 2,996 2,996      
Redemption of preferred stock (2,669) (2,660)   (9)  
Common stock issued under employee plans, net, and other (in shares)     52.1    
Common stock issued under employee plans, net, and other 883   $ 915 (32)  
Common stock repurchased (in shares)     (226.3)    
Common stock repurchased (9,823)   $ (9,823)    
Ending balance at Jun. 30, 2025 298,021 23,495 $ 36,428 250,602 (12,504)
Ending balance (in shares) at Jun. 30, 2025     7,436.7    
Beginning balance at Mar. 31, 2025 293,949 20,499 $ 41,038 245,683 (13,271)
Beginning balance (in shares) at Mar. 31, 2025     7,560.1    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 7,170     7,170  
Net change in debt securities (315)       (315)
Net change in debit valuation adjustments (153)       (153)
Net change in derivatives 1,196       1,196
Employee benefit plan adjustments 26       26
Net change in foreign currency translation adjustments 13       13
Dividends declared:          
Common (1,960)     (1,960)  
Preferred (291)     (291)  
Issuance of preferred stock 2,996 2,996      
Common stock issued under employee plans, net, and other (in shares)     0.4    
Common stock issued under employee plans, net, and other 692   $ 692    
Common stock repurchased (in shares)     (123.8)    
Common stock repurchased (5,302)   $ (5,302)    
Ending balance at Jun. 30, 2025 298,021 23,495 $ 36,428 250,602 (12,504)
Ending balance (in shares) at Jun. 30, 2025     7,436.7    
Beginning balance at Dec. 31, 2025 303,243 25,992 $ 26,084 261,693 (10,526)
Beginning balance (in shares) at Dec. 31, 2025     7,212.5    
Dividends declared:          
Preferred (425)        
Ending balance at Mar. 31, 2026 300,668 24,996 $ 18,885 267,765 (10,978)
Ending balance (in shares) at Mar. 31, 2026     7,129.9    
Beginning balance at Dec. 31, 2025 303,243 25,992 $ 26,084 261,693 (10,526)
Beginning balance (in shares) at Dec. 31, 2025     7,212.5    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 17,658     17,658  
Net change in debt securities (477)       (477)
Net change in debit valuation adjustments 259       259
Net change in derivatives (1,378)       (1,378)
Employee benefit plan adjustments 71       71
Net change in foreign currency translation adjustments 18       18
Dividends declared:          
Common (4,016)     (4,016)  
Preferred (751)     (751)  
Redemption of preferred stock (1,000) (996)   (4)  
Common stock issued under employee plans, net, and other (in shares)     57.4    
Common stock issued under employee plans, net, and other 713   $ 773 (60)  
Common stock repurchased (in shares)     (251.9)    
Common stock repurchased (13,246)   $ (13,246)    
Ending balance at Jun. 30, 2026 301,094 24,996 $ 13,611 274,520 (12,033)
Ending balance (in shares) at Jun. 30, 2026     7,018.0    
Beginning balance at Mar. 31, 2026 300,668 24,996 $ 18,885 267,765 (10,978)
Beginning balance (in shares) at Mar. 31, 2026     7,129.9    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 9,074     9,074  
Net change in debt securities 52       52
Net change in debit valuation adjustments (401)       (401)
Net change in derivatives (751)       (751)
Employee benefit plan adjustments 36       36
Net change in foreign currency translation adjustments 9       9
Dividends declared:          
Common (1,993)     (1,993)  
Preferred (326)     (326)  
Common stock issued under employee plans, net, and other (in shares)     0.3    
Common stock issued under employee plans, net, and other 732   $ 732    
Common stock repurchased (in shares)     (112.2)    
Common stock repurchased (6,006)   $ (6,006)    
Ending balance at Jun. 30, 2026 $ 301,094 $ 24,996 $ 13,611 $ 274,520 $ (12,033)
Ending balance (in shares) at Jun. 30, 2026     7,018.0