Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.21.1
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)
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 4,010     4,010      
Net change in debt securities 4,795       4,795    
Net change in debit valuation adjustments 1,346       1,346    
Net change in derivatives 417       417    
Employee benefit plan adjustments 43       43    
Net change in foreign currency translation adjustments (88)       (88)    
Dividends declared:              
Common (1,579)     (1,579)      
Preferred (469)     (469)      
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 375   $ 384 (9)      
Common stock issued under employee plans, net, and other (in shares)     39.7        
Common stock repurchased (6,362)   $ (6,362)        
Common stock repurchased (in shares)     (200.3)        
Ending balance at Mar. 31, 2020 264,918 23,427 $ 85,745 155,866 (120)    
Ending Balance (in shares) at Mar. 31, 2020     8,675.5        
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