Quarterly report [Sections 13 or 15(d)]

Consolidated Statement of Changes in Shareholders' Equity

v3.25.2
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 13,571     13,571  
Net change in debt securities 27       27
Net change in debit valuation adjustments (135)       (135)
Net change in derivatives 270       270
Employee benefit plan adjustments 48       48
Net change in foreign currency translation adjustments (51)       (51)
Dividends declared:          
Common (3,797)     (3,797)  
Preferred (842)     (842)  
Redemption of preferred stock (1,854) (1,849)   (5)  
Common stock issued under employee plans, net, and other (in shares)     44.4    
Common stock issued under employee plans, net, and other 1,044   $ 1,046 (2)  
Common stock repurchased (6,035)   $ (6,035)    
Common stock repurchased (in shares)     (165.1)    
Ending balance at Jun. 30, 2024 293,892 26,548 $ 51,376 233,597 (17,629)
Ending balance (in shares) at Jun. 30, 2024     7,774.8    
Beginning balance at Mar. 31, 2024 293,552 28,397 $ 54,310 228,902 (18,057)
Beginning balance (in shares) at Mar. 31, 2024     7,866.9    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 6,897     6,897  
Net change in debt securities (305)       (305)
Net change in debit valuation adjustments 53       53
Net change in derivatives 686       686
Employee benefit plan adjustments 25       25
Net change in foreign currency translation adjustments (31)       (31)
Dividends declared:          
Common (1,887)     (1,887)  
Preferred (310)     (310)  
Redemption of preferred stock (1,854) (1,849)   (5)  
Common stock issued under employee plans, net, and other (in shares)     0.4    
Common stock issued under employee plans, net, and other 601   $ 601    
Common stock repurchased (3,535)   $ (3,535)    
Common stock repurchased (in shares)     (92.5)    
Ending balance at Jun. 30, 2024 293,892 26,548 $ 51,376 233,597 (17,629)
Ending balance (in shares) at Jun. 30, 2024     7,774.8    
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    
Dividends declared:          
Preferred (397)        
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    
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 14,512     14,512  
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 (9,823)   $ (9,823)    
Common stock repurchased (in shares)     (226.3)    
Ending balance at Jun. 30, 2025 299,599 23,495 $ 36,428 252,180 (12,504)
Ending balance (in shares) at Jun. 30, 2025     7,436.7    
Beginning balance at Mar. 31, 2025 295,581 20,499 $ 41,038 247,315 (13,271)
Beginning balance (in shares) at Mar. 31, 2025     7,560.1    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 7,116     7,116  
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 (5,302)   $ (5,302)    
Common stock repurchased (in shares)     (123.8)    
Ending balance at Jun. 30, 2025 $ 299,599 $ 23,495 $ 36,428 $ 252,180 $ (12,504)
Ending balance (in shares) at Jun. 30, 2025     7,436.7