Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.21.2
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, 2019 $ 264,810 $ 23,401 $ 91,723 $ 156,319 $ (6,633) $ (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        
Beginning balance at Dec. 31, 2020 272,924 24,510 $ 85,982 164,088 (1,656)    
Beginning Balance (in shares) at Dec. 31, 2020     8,650.8        
Dividends declared:              
Preferred (490)            
Ending balance at Mar. 31, 2021 274,000 24,319 $ 83,071 170,082 (3,472)    
Ending Balance (in shares) at Mar. 31, 2021     8,589.7        
Beginning balance at Dec. 31, 2020 272,924 24,510 $ 85,982 164,088 (1,656)    
Beginning Balance (in shares) at Dec. 31, 2020     8,650.8        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 17,274     17,274      
Net change in debt securities (1,090)       (1,090)    
Net change in debit valuation adjustments 265       265    
Net change in derivatives (699)       (699)    
Employee benefit plan adjustments 120       120    
Net change in foreign currency translation adjustments (3)       (3)    
Dividends declared:              
Common (3,110)     (3,110)      
Preferred (750)     (750)      
Issuance of preferred stock 902 902          
Redemption of preferred stock (1,971) (1,971)          
Common stock issued under employee plans, net, and other 936   $ 939 (3)      
Common stock issued under employee plans, net, and other (in shares)     40.1        
Common stock repurchased (7,679)   $ (7,679)        
Common stock repurchased (in shares)     (203.7)        
Ending balance at Jun. 30, 2021 277,119 23,441 $ 79,242 177,499 (3,063)    
Ending Balance (in shares) at Jun. 30, 2021     8,487.2        
Beginning balance at Mar. 31, 2021 274,000 24,319 $ 83,071 170,082 (3,472)    
Beginning Balance (in shares) at Mar. 31, 2021     8,589.7        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 9,224     9,224      
Net change in debt securities (250)       (250)    
Net change in debit valuation adjustments 149       149    
Net change in derivatives 415       415    
Employee benefit plan adjustments 69       69    
Net change in foreign currency translation adjustments 26       26    
Dividends declared:              
Common (1,547)     (1,547)      
Preferred (260)     (260)      
Redemption of preferred stock (878) (878)          
Common stock issued under employee plans, net, and other 380   $ 380        
Common stock issued under employee plans, net, and other (in shares)     0.2        
Common stock repurchased (4,209)   $ (4,209)        
Common stock repurchased (in shares)     (102.7)        
Ending balance at Jun. 30, 2021 $ 277,119 $ 23,441 $ 79,242 $ 177,499 $ (3,063)    
Ending Balance (in shares) at Jun. 30, 2021     8,487.2