Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.24.0.1
Consolidated Statement of Changes in Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Common Stock and Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2020 $ 272,924   $ 24,510 $ 85,982 $ 164,088   $ (1,656)
Beginning balance (in shares) at Dec. 31, 2020       8,650.8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 31,978       31,978    
Net change in debt securities (2,077)           (2,077)
Net change in debit valuation adjustments 356           356
Net change in derivatives (2,306)           (2,306)
Employee benefit plan adjustments 624           624
Net change in foreign currency translation adjustments (45)           (45)
Dividends declared:              
Common (6,575)       (6,575)    
Preferred (1,421)       (1,421)    
Issuance of preferred stock 2,169   2,169        
Redemption of preferred stock (1,971)   (1,971)        
Common stock issued under employee plans, net, and other 1,536     $ 1,542 (6)    
Common stock issued under employee plans, net, and other (in shares)       42.3      
Common stock repurchased (25,126)     $ (25,126)      
Common stock repurchased (in shares)       (615.3)      
Ending balance at Dec. 31, 2021 270,066   24,708 $ 62,398 188,064   (5,104)
Ending balance (in shares) at Dec. 31, 2021       8,077.8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 27,528       27,528    
Net change in debt securities (6,028)           (6,028)
Net change in debit valuation adjustments 755           755
Net change in derivatives (10,055)           (10,055)
Employee benefit plan adjustments (667)           (667)
Net change in foreign currency translation adjustments (57)           (57)
Dividends declared:              
Common (6,963)       (6,963)    
Preferred (1,596)       (1,596)    
Issuance of preferred stock 4,426   4,426        
Redemption of preferred stock (654)   (737) $ 83      
Common stock issued under employee plans, net, and other 1,515     $ 1,545 (30)    
Common stock issued under employee plans, net, and other (in shares)       44.9      
Common stock repurchased (5,073)     $ (5,073)      
Common stock repurchased (in shares)       (125.9)      
Ending balance at Dec. 31, 2022 $ 273,197 $ 184 28,397 $ 58,953 207,003 $ 184 (21,156)
Ending balance (in shares) at Dec. 31, 2022       7,996.8      
Dividends declared:              
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2022-02 [Member]            
Net income $ 26,515       26,515    
Net change in debt securities 573           573
Net change in debit valuation adjustments (686)           (686)
Net change in derivatives 3,919           3,919
Employee benefit plan adjustments (439)           (439)
Net change in foreign currency translation adjustments 1           1
Common (7,374)       (7,374)    
Preferred (1,649)       (1,649)    
Common stock issued under employee plans, net, and other 1,981     $ 1,988 (7)    
Common stock issued under employee plans, net, and other (in shares)       45.4      
Common stock repurchased (4,576)     $ (4,576)      
Common stock repurchased (in shares)       (146.7)      
Ending balance at Dec. 31, 2023 $ 291,646   $ 28,397 $ 56,365 $ 224,672   $ (17,788)
Ending balance (in shares) at Dec. 31, 2023       7,895.5