Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.22.4
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, 2019 $ 264,810 $ (2,406) $ 23,401 $ 91,723 $ 156,319 $ (2,406) $ (6,633)
Beginning Balance (in shares) at Dec. 31, 2019       8,836.1      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 17,894       17,894    
Net change in debt securities 4,799           4,799
Net change in debit valuation adjustments (498)           (498)
Net change in derivatives 826           826
Employee benefit plan adjustments (98)           (98)
Net change in foreign currency translation adjustments (52)           (52)
Dividends declared:              
Common (6,289)       (6,289)    
Preferred (1,421)       (1,421)    
Issuance of preferred stock 2,181   2,181        
Redemption of preferred stock (1,072)   (1,072)        
Common stock issued under employee plans, net, and other 1,275     $ 1,284 (9)    
Common stock issued under employee plans, net, and other (in shares)       41.7      
Common stock repurchased (7,025)     $ (7,025)      
Common stock repurchased (in shares)       (227.0)      
Ending balance at Dec. 31, 2020 272,924   24,510 $ 85,982 164,088   (1,656)
Ending Balance (in shares) at Dec. 31, 2020       8,650.8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 31,978       31,978    
Net change in debt securities (2,077)           (2,077)
Net change in debit valuation adjustments 356           356
Net change in derivatives (2,306)           (2,306)
Employee benefit plan adjustments 624           624
Net change in foreign currency translation adjustments (45)           (45)
Dividends declared:              
Common (6,575)       (6,575)    
Preferred (1,421)       (1,421)    
Issuance of preferred stock 2,169   2,169        
Redemption of preferred stock (1,971)   (1,971)        
Common stock issued under employee plans, net, and other 1,536     $ 1,542 (6)    
Common stock issued under employee plans, net, and other (in shares)       42.3      
Common stock repurchased (25,126)     $ (25,126)      
Common stock repurchased (in shares)       (615.3)      
Ending balance at Dec. 31, 2021 270,066   24,708 $ 62,398 188,064   (5,104)
Ending Balance (in shares) at Dec. 31, 2021       8,077.8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 27,528       27,528    
Net change in debt securities (6,028)           (6,028)
Net change in debit valuation adjustments 755           755
Net change in derivatives (10,055)           (10,055)
Employee benefit plan adjustments (667)           (667)
Net change in foreign currency translation adjustments (57)           (57)
Dividends declared:              
Common (6,963)       (6,963)    
Preferred (1,596)       (1,596)    
Issuance of preferred stock 4,426   4,426        
Redemption of preferred stock (654)   (737) $ 83      
Common stock issued under employee plans, net, and other 1,515     $ 1,545 (30)    
Common stock issued under employee plans, net, and other (in shares)       44.9      
Common stock repurchased (5,073)     $ (5,073)      
Common stock repurchased (in shares)       (125.9)      
Ending balance at Dec. 31, 2022 $ 273,197   $ 28,397 $ 58,953 $ 207,003   $ (21,156)
Ending Balance (in shares) at Dec. 31, 2022       7,996.8