Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.23.2
Consolidated Statement of Changes in Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Common Stock and Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
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 13,314       13,314    
Net change in debt securities (5,269)           (5,269)
Net change in debit valuation adjustments 836           836
Net change in derivatives (7,187)           (7,187)
Employee benefit plan adjustments 60           60
Net change in foreign currency translation adjustments (10)           (10)
Dividends declared:              
Common (3,408)       (3,408)    
Preferred (782)       (782)    
Issuance of preferred stock 4,426   4,426        
Common stock issued under employee plans, net, and other 697     $ 726 (29)    
Common stock issued under employee plans, net, and other (in shares)       42.1      
Common stock repurchased (3,625)     $ (3,625)      
Common stock repurchased (in shares)       (84.7)      
Ending balance at Jun. 30, 2022 269,118   29,134 $ 59,499 197,159   (16,674)
Ending Balance (in shares) at Jun. 30, 2022       8,035.2      
Beginning balance at Mar. 31, 2022 266,617   27,137 $ 59,968 192,929   (13,417)
Beginning Balance (in shares) at Mar. 31, 2022       8,062.1      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 6,247       6,247    
Net change in debt securities (1,822)           (1,822)
Net change in debit valuation adjustments 575           575
Net change in derivatives (2,008)           (2,008)
Employee benefit plan adjustments 36           36
Net change in foreign currency translation adjustments (38)           (38)
Dividends declared:              
Common (1,702)       (1,702)    
Preferred (315)       (315)    
Issuance of preferred stock 1,997   1,997        
Common stock issued under employee plans, net, and other 506     $ 506      
Common stock issued under employee plans, net, and other (in shares)       0.3      
Common stock repurchased (975)     $ (975)      
Common stock repurchased (in shares)       (27.2)      
Ending balance at Jun. 30, 2022 269,118   29,134 $ 59,499 197,159   (16,674)
Ending Balance (in shares) at Jun. 30, 2022       8,035.2      
Beginning balance at Dec. 31, 2022 273,197 $ 184 28,397 $ 58,953 207,003 $ 184 (21,156)
Beginning Balance (in shares) at Dec. 31, 2022       7,996.8      
Dividends declared:              
Preferred (505)            
Ending balance at Mar. 31, 2023 280,196   28,397 $ 57,264 213,062   (18,527)
Ending Balance (in shares) at Mar. 31, 2023       7,972.4      
Beginning balance at Dec. 31, 2022 273,197 $ 184 28,397 $ 58,953 207,003 $ 184 (21,156)
Beginning Balance (in shares) at Dec. 31, 2022       7,996.8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 15,569       15,569    
Net change in debt securities 723           723
Net change in debit valuation adjustments (394)           (394)
Net change in derivatives 49           49
Employee benefit plan adjustments 19           19
Net change in foreign currency translation adjustments 17           17
Dividends declared:              
Common (3,541)       (3,541)    
Preferred (811)       (811)    
Common stock issued under employee plans, net, and other 1,072     $ 1,079 (7)    
Common stock issued under employee plans, net, and other (in shares)       42.8      
Common stock repurchased (2,765)     $ (2,765)      
Common stock repurchased (in shares)       (86.0)      
Ending balance at Jun. 30, 2023 283,319   28,397 $ 57,267 218,397   (20,742)
Ending Balance (in shares) at Jun. 30, 2023       7,953.6      
Beginning balance at Mar. 31, 2023 280,196   28,397 $ 57,264 213,062   (18,527)
Beginning Balance (in shares) at Mar. 31, 2023       7,972.4      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 7,408       7,408    
Net change in debt securities 168           168
Net change in debit valuation adjustments (404)           (404)
Net change in derivatives (1,993)           (1,993)
Employee benefit plan adjustments 9           9
Net change in foreign currency translation adjustments 5           5
Dividends declared:              
Common (1,767)       (1,767)    
Preferred (306)       (306)    
Common stock issued under employee plans, net, and other 553     $ 553      
Common stock issued under employee plans, net, and other (in shares)       0.4      
Common stock repurchased (550)     $ (550)      
Common stock repurchased (in shares)       (19.2)      
Ending balance at Jun. 30, 2023 $ 283,319   $ 28,397 $ 57,267 $ 218,397   $ (20,742)
Ending Balance (in shares) at Jun. 30, 2023       7,953.6