Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.22.1
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, 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 8,050     8,050  
Net change in debt securities (840)       (840)
Net change in debit valuation adjustments 116       116
Net change in derivatives (1,114)       (1,114)
Employee benefit plan adjustments 51       51
Net change in foreign currency translation adjustments (29)       (29)
Dividends declared:          
Common (1,563)     (1,563)  
Preferred (490)     (490)  
Issuance of preferred stock 902 902      
Redemption of preferred stock (1,093) (1,093)      
Common stock issued under employee plans, net, and other 556   $ 559 (3)  
Common stock issued under employee plans, net, and other (in shares)     40.0    
Common stock repurchased (3,470)   $ (3,470)    
Common stock repurchased (in shares)     (101.1)    
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, 2021 270,066 24,708 $ 62,398 188,064 (5,104)
Beginning Balance (in shares) at Dec. 31, 2021     8,077.8    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 7,067     7,067  
Net change in debt securities (3,447)       (3,447)
Net change in debit valuation adjustments 261       261
Net change in derivatives (5,179)       (5,179)
Employee benefit plan adjustments 24       24
Net change in foreign currency translation adjustments 28       28
Dividends declared:          
Common (1,706)     (1,706)  
Preferred (467)     (467)  
Issuance of preferred stock 2,429 2,429      
Common stock issued under employee plans, net, and other 191   $ 220 (29)  
Common stock issued under employee plans, net, and other (in shares)     41.7    
Common stock repurchased (2,650)   $ (2,650)    
Common stock repurchased (in shares)     (57.4)    
Ending balance at Mar. 31, 2022 $ 266,617 $ 27,137 $ 59,968 $ 192,929 $ (13,417)
Ending Balance (in shares) at Mar. 31, 2022     8,062.1