Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.19.2
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, 2017 $ 267,146 $ 22,323 $ 138,089 $ 113,816 $ (7,082)
Beginning Balance (in shares) at Dec. 31, 2017     10,287.3    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Adoption of accounting standard related to certain tax effects stranded in accumulated other comprehensive income (loss) 0     1,270 (1,270)
Net income 13,702     13,702  
Net change in debt securities (4,994)       (4,994)
Net change in debit valuation adjustments 452       452
Net change in derivatives (367)       (367)
Employee benefit plan adjustments 60       60
Net change in foreign currency translation adjustments (189)       (189)
Dividends declared:          
Common (2,455)     (2,455)  
Preferred (746)     (746)  
Issuance of preferred stock 3,671 3,671      
Redemption of preferred stock (2,813) (2,813)      
Common stock issued under employee plans, net (in shares)     43.7    
Common stock issued under employee plans, net 547   $ 556 (9)  
Common stock repurchased (in shares)     (318.3)    
Common stock repurchased (9,823)   $ (9,823)    
Ending Balance at Jun. 30, 2018 264,216 23,181 $ 128,822 125,546 (13,333)
Ending Balance (in shares) at Jun. 30, 2018     10,012.7    
Beginning Balance at Mar. 31, 2018 266,224 24,672 $ 133,532 120,298 (12,278)
Beginning Balance (in shares) at Mar. 31, 2018     10,175.9    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 6,784     6,784  
Net change in debt securities (1,031)       (1,031)
Net change in debit valuation adjustments 179       179
Net change in derivatives (92)       (92)
Employee benefit plan adjustments 30       30
Net change in foreign currency translation adjustments (141)       (141)
Dividends declared:          
Common (1,218)     (1,218)  
Preferred (318)     (318)  
Issuance of preferred stock 1,322 1,322      
Redemption of preferred stock (2,813) (2,813)      
Common stock issued under employee plans, net (in shares)     2.5    
Common stock issued under employee plans, net 255   $ 255    
Common stock repurchased (in shares)     (165.7)    
Common stock repurchased (4,965)   $ (4,965)    
Ending Balance at Jun. 30, 2018 264,216 23,181 $ 128,822 125,546 (13,333)
Ending Balance (in shares) at Jun. 30, 2018     10,012.7    
Beginning Balance at Dec. 31, 2018 265,325 22,326 $ 118,896 136,314 (12,211)
Beginning Balance (in shares) at Dec. 31, 2018     9,669.3    
Dividends declared:          
Preferred (442)        
Ending Balance at Mar. 31, 2019 267,010 22,326 $ 112,838 141,888 (10,042)
Ending Balance (in shares) at Mar. 31, 2019     9,568.4    
Beginning Balance at Dec. 31, 2018 265,325 22,326 $ 118,896 136,314 (12,211)
Beginning Balance (in shares) at Dec. 31, 2018     9,669.3    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 14,659     14,659  
Net change in debt securities 4,693       4,693
Net change in debit valuation adjustments (501)       (501)
Net change in derivatives 533       533
Employee benefit plan adjustments 57       57
Net change in foreign currency translation adjustments (48)       (48)
Dividends declared:          
Common (2,876)     (2,876)  
Preferred (681)     (681)  
Issuance of preferred stock 2,363 2,363      
Common stock issued under employee plans, net (in shares)     119.1    
Common stock issued under employee plans, net 489   $ 493 (4)  
Common stock repurchased (in shares)     (445.8)    
Common stock repurchased (12,770)   $ (12,770)    
Ending Balance at Jun. 30, 2019 271,408 24,689 $ 106,619 147,577 (7,477)
Ending Balance (in shares) at Jun. 30, 2019     9,342.6    
Beginning Balance at Mar. 31, 2019 267,010 22,326 $ 112,838 141,888 (10,042)
Beginning Balance (in shares) at Mar. 31, 2019     9,568.4    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 7,348     7,348  
Net change in debt securities 2,384       2,384
Net change in debit valuation adjustments (138)       (138)
Net change in derivatives 304       304
Employee benefit plan adjustments 29       29
Net change in foreign currency translation adjustments (14)       (14)
Dividends declared:          
Common (1,420)     (1,420)  
Preferred (239)     (239)  
Issuance of preferred stock 2,363 2,363      
Common stock issued under employee plans, net (in shares)        
Common stock issued under employee plans, net 288   $ 288    
Common stock repurchased (in shares)     (225.8)    
Common stock repurchased (6,507)   $ (6,507)    
Ending Balance at Jun. 30, 2019 $ 271,408 $ 24,689 $ 106,619 $ 147,577 $ (7,477)
Ending Balance (in shares) at Jun. 30, 2019     9,342.6