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 20,436     20,436      
Net change in debt securities 6,231       6,231    
Net change in debit valuation adjustments (272)       (272)    
Net change in derivatives 651       651    
Employee benefit plan adjustments 83       83    
Net change in foreign currency translation adjustments (99)       (99)    
Dividends declared:              
Common (4,535)     (4,535)      
Preferred (1,186)     (1,186)      
Issuance of preferred stock 3,643 3,643          
Redemption of preferred stock (2,363) (2,363)          
Common stock issued under employee plans, net, and other 704   $ 715 (11)      
Common stock issued under employee plans, net, and other (in shares)     123.4        
Common stock repurchased (20,396)   $ (20,396)        
Common stock repurchased (in shares)     (713.4)        
Ending balance at Sep. 30, 2019 268,387 23,606 $ 99,215 151,183 (5,617)    
Ending Balance (in shares) at Sep. 30, 2019     9,079.3        
Beginning balance at Jun. 30, 2019 271,408 24,689 $ 106,619 147,577 (7,477)    
Beginning Balance (in shares) at Jun. 30, 2019     9,342.6        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 5,777     5,777      
Net change in debt securities 1,538       1,538    
Net change in debit valuation adjustments 229       229    
Net change in derivatives 118       118    
Employee benefit plan adjustments 26       26    
Net change in foreign currency translation adjustments (51)       (51)    
Dividends declared:              
Common (1,659)     (1,659)      
Preferred (505)     (505)      
Issuance of preferred stock 1,280 1,280          
Redemption of preferred stock (2,363) (2,363)          
Common stock issued under employee plans, net, and other 215   $ 222 (7)      
Common stock issued under employee plans, net, and other (in shares)     4.3        
Common stock repurchased (7,626)   $ (7,626)        
Common stock repurchased (in shares)     (267.6)        
Ending balance at Sep. 30, 2019 268,387 23,606 $ 99,215 151,183 (5,617)    
Ending Balance (in shares) at Sep. 30, 2019     9,079.3        
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 12,424     12,424      
Net change in debt securities 4,794       4,794    
Net change in debit valuation adjustments (5)       (5)    
Net change in derivatives 808       808    
Employee benefit plan adjustments 144       144    
Net change in foreign currency translation adjustments (86)       (86)    
Dividends declared:              
Common (4,722)     (4,722)      
Preferred (1,159)     (1,159)      
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 984   $ 993 (9)      
Common stock issued under employee plans, net, and other (in shares)     41.6        
Common stock repurchased (6,762)   $ (6,762)        
Common stock repurchased (in shares)     (216.2)        
Ending balance at Sep. 30, 2020 268,850 23,427 $ 85,954 160,447 (978)    
Ending Balance (in shares) at Sep. 30, 2020     8,661.5        
Beginning balance at Jun. 30, 2020 265,637 23,427 $ 85,794 157,578 (1,162)    
Beginning Balance (in shares) at Jun. 30, 2020     8,664.1        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 4,881     4,881      
Net change in debt securities 101       101    
Net change in debit valuation adjustments (58)       (58)    
Net change in derivatives 76       76    
Employee benefit plan adjustments 44       44    
Net change in foreign currency translation adjustments 21       21    
Dividends declared:              
Common (1,571)     (1,571)      
Preferred (441)     (441)      
Common stock issued under employee plans, net, and other 274   $ 274        
Common stock issued under employee plans, net, and other (in shares)     1.8        
Common stock repurchased (114)   $ (114)        
Common stock repurchased (in shares)     (4.4)        
Ending balance at Sep. 30, 2020 $ 268,850 $ 23,427 $ 85,954 $ 160,447 $ (978)    
Ending Balance (in shares) at Sep. 30, 2020     8,661.5