Quarterly report [Sections 13 or 15(d)]

Consolidated Statement of Changes in Shareholders' Equity

v3.25.1
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, 2023 $ 291,646 $ 28,397 $ 56,365 $ 224,672 $ (17,788)
Beginning balance (in shares) at Dec. 31, 2023     7,895.5    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 6,674     6,674  
Net change in debt securities 332       332
Net change in debit valuation adjustments (188)       (188)
Net change in derivatives (416)       (416)
Employee benefit plan adjustments 23       23
Net change in foreign currency translation adjustments (20)       (20)
Dividends declared:          
Common (1,910)     (1,910)  
Preferred (532)     (532)  
Common stock issued under employee plans, net, and other 443   $ 445 (2)  
Common stock issued under employee plans, net, and other (in shares)     44.0    
Common stock repurchased (2,500)   $ (2,500)    
Common stock repurchased (in shares)     (72.6)    
Ending balance at Mar. 31, 2024 293,552 28,397 $ 54,310 228,902 (18,057)
Ending balance (in shares) at Mar. 31, 2024     7,866.9    
Beginning balance at Dec. 31, 2024 295,559 23,159 $ 45,336 242,349 (15,285)
Beginning balance (in shares) at Dec. 31, 2024     7,610.9    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 7,396     7,396  
Net change in debt securities 366       366
Net change in debit valuation adjustments 297       297
Net change in derivatives 1,313       1,313
Employee benefit plan adjustments 27       27
Net change in foreign currency translation adjustments 11       11
Dividends declared:          
Common (1,992)     (1,992)  
Preferred (397)     (397)  
Redemption of preferred stock (2,669) (2,660)   (9)  
Common stock issued under employee plans, net, and other 191   $ 223 (32)  
Common stock issued under employee plans, net, and other (in shares)     51.7    
Common stock repurchased (4,521)   $ (4,521)    
Common stock repurchased (in shares)     (102.5)    
Ending balance at Mar. 31, 2025 $ 295,581 $ 20,499 $ 41,038 $ 247,315 $ (13,271)
Ending balance (in shares) at Mar. 31, 2025     7,560.1