Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.20.2
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)
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Beginning balance at Dec. 31, 2018 $ 265,325 $ 22,326 $ 118,896 $ 136,314 $ (12,211)    
Beginning balance (Accounting Standards Update 2016-02) at Dec. 31, 2018           $ 165 $ 165
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, and other 489   $ 493 (4)      
Common stock issued under employee plans, net, and other (in shares)     119.1        
Common stock repurchased (12,770)   $ (12,770)        
Common stock repurchased (in shares)     (445.8)        
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, and other 288   $ 288        
Common stock repurchased (6,507)   $ (6,507)        
Common stock repurchased (in shares)     (225.8)        
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 Dec. 31, 2019 264,810 23,401 $ 91,723 156,319 (6,633)    
Beginning balance (Accounting Standards Update 2016-13) at Dec. 31, 2019           (2,406) (2,406)
Beginning Balance (in shares) at Dec. 31, 2019     8,836.1        
Dividends declared:              
Preferred (469)            
Ending balance at Mar. 31, 2020 264,918 23,427 $ 85,745 155,866 (120)    
Ending Balance (in shares) at Mar. 31, 2020     8,675.5        
Beginning balance at Dec. 31, 2019 264,810 23,401 $ 91,723 156,319 (6,633)    
Beginning balance (Accounting Standards Update 2016-13) at Dec. 31, 2019           $ (2,406) $ (2,406)
Beginning Balance (in shares) at Dec. 31, 2019     8,836.1        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 7,543     7,543      
Net change in debt securities 4,693       4,693    
Net change in debit valuation adjustments 53       53    
Net change in derivatives 732       732    
Employee benefit plan adjustments 100       100    
Net change in foreign currency translation adjustments (107)       (107)    
Dividends declared:              
Common (3,151)     (3,151)      
Preferred (718)     (718)      
Issuance of preferred stock 1,098 1,098          
Redemption of preferred stock (1,072) (1,072)          
Common stock issued under employee plans, net, and other 710   $ 719 (9)      
Common stock issued under employee plans, net, and other (in shares)     39.8        
Common stock repurchased (6,648)   $ (6,648)        
Common stock repurchased (in shares)     (211.8)        
Ending balance at Jun. 30, 2020 265,637 23,427 $ 85,794 157,578 (1,162)    
Ending Balance (in shares) at Jun. 30, 2020     8,664.1        
Beginning balance at Mar. 31, 2020 264,918 23,427 $ 85,745 155,866 (120)    
Beginning Balance (in shares) at Mar. 31, 2020     8,675.5        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 3,533     3,533      
Net change in debt securities (102)       (102)    
Net change in debit valuation adjustments (1,293)       (1,293)    
Net change in derivatives 315       315    
Employee benefit plan adjustments 57       57    
Net change in foreign currency translation adjustments (19)       (19)    
Dividends declared:              
Common (1,572)     (1,572)      
Preferred (249)     (249)      
Common stock issued under employee plans, net, and other 335   $ 335        
Common stock issued under employee plans, net, and other (in shares)     0.1        
Common stock repurchased (286)   $ (286)        
Common stock repurchased (in shares)     (11.5)        
Ending balance at Jun. 30, 2020 $ 265,637 $ 23,427 $ 85,794 $ 157,578 $ (1,162)    
Ending Balance (in shares) at Jun. 30, 2020     8,664.1