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 12,424     12,424      
Net change in debt securities 4,794       4,794    
Net change in debit valuation adjustments (5)       (5)    
Net change in derivatives 808       808    
Employee benefit plan adjustments 144       144    
Net change in foreign currency translation adjustments (86)       (86)    
Dividends declared:              
Common (4,722)     (4,722)      
Preferred (1,159)     (1,159)      
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 984   $ 993 (9)      
Common stock issued under employee plans, net, and other (in shares)     41.6        
Common stock repurchased (6,762)   $ (6,762)        
Common stock repurchased (in shares)     (216.2)        
Ending balance at Sep. 30, 2020 268,850 23,427 $ 85,954 160,447 (978)    
Ending Balance (in shares) at Sep. 30, 2020     8,661.5        
Beginning balance at Jun. 30, 2020 265,637 23,427 $ 85,794 157,578 (1,162)    
Beginning Balance (in shares) at Jun. 30, 2020     8,664.1        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 4,881     4,881      
Net change in debt securities 101       101    
Net change in debit valuation adjustments (58)       (58)    
Net change in derivatives 76       76    
Employee benefit plan adjustments 44       44    
Net change in foreign currency translation adjustments 21       21    
Dividends declared:              
Common (1,571)     (1,571)      
Preferred (441)     (441)      
Common stock issued under employee plans, net, and other 274   $ 274        
Common stock issued under employee plans, net, and other (in shares)     1.8        
Common stock repurchased (114)   $ (114)        
Common stock repurchased (in shares)     (4.4)        
Ending balance at Sep. 30, 2020 268,850 23,427 $ 85,954 160,447 (978)    
Ending Balance (in shares) at Sep. 30, 2020     8,661.5        
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 24,965     24,965      
Net change in debt securities (1,243)       (1,243)    
Net change in debit valuation adjustments 292       292    
Net change in derivatives (1,130)       (1,130)    
Employee benefit plan adjustments 170       170    
Net change in foreign currency translation adjustments (29)       (29)    
Dividends declared:              
Common (4,859)     (4,859)      
Preferred (1,181)     (1,181)      
Issuance of preferred stock 902 902          
Redemption of preferred stock (1,971) (1,971)          
Common stock issued under employee plans, net, and other 1,217   $ 1,223 (6)      
Common stock issued under employee plans, net, and other (in shares)     42.2        
Common stock repurchased (17,593)   $ (17,593)        
Common stock repurchased (in shares)     (451.8)        
Ending balance at Sep. 30, 2021 272,464 23,441 $ 69,612 183,007 (3,596)    
Ending Balance (in shares) at Sep. 30, 2021     8,241.2        
Beginning balance at Jun. 30, 2021 277,119 23,441 $ 79,242 177,499 (3,063)    
Beginning Balance (in shares) at Jun. 30, 2021     8,487.2        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 7,691     7,691      
Net change in debt securities (153)       (153)    
Net change in debit valuation adjustments 27       27    
Net change in derivatives (431)       (431)    
Employee benefit plan adjustments 50       50    
Net change in foreign currency translation adjustments (26)       (26)    
Dividends declared:              
Common (1,749)     (1,749)      
Preferred (431)     (431)      
Common stock issued under employee plans, net, and other 281   $ 284 (3)      
Common stock issued under employee plans, net, and other (in shares)     2.0        
Common stock repurchased (9,914)   $ (9,914)        
Common stock repurchased (in shares)     (248.0)        
Ending balance at Sep. 30, 2021 $ 272,464 $ 23,441 $ 69,612 $ 183,007 $ (3,596)    
Ending Balance (in shares) at Sep. 30, 2021     8,241.2