Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Changes in Shareholders' Equity

v3.22.2
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)
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 17,274     17,274  
Net change in debt securities (1,090)       (1,090)
Net change in debit valuation adjustments 265       265
Net change in derivatives (699)       (699)
Employee benefit plan adjustments 120       120
Net change in foreign currency translation adjustments (3)       (3)
Dividends declared:          
Common (3,110)     (3,110)  
Preferred (750)     (750)  
Issuance of preferred stock 902 902      
Redemption of preferred stock (1,971) (1,971)      
Common stock issued under employee plans, net, and other 936   $ 939 (3)  
Common stock issued under employee plans, net, and other (in shares)     40.1    
Common stock repurchased (7,679)   $ (7,679)    
Common stock repurchased (in shares)     (203.7)    
Ending balance at Jun. 30, 2021 277,119 23,441 $ 79,242 177,499 (3,063)
Ending Balance (in shares) at Jun. 30, 2021     8,487.2    
Beginning balance at Mar. 31, 2021 274,000 24,319 $ 83,071 170,082 (3,472)
Beginning Balance (in shares) at Mar. 31, 2021     8,589.7    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 9,224     9,224  
Net change in debt securities (250)       (250)
Net change in debit valuation adjustments 149       149
Net change in derivatives 415       415
Employee benefit plan adjustments 69       69
Net change in foreign currency translation adjustments 26       26
Dividends declared:          
Common (1,547)     (1,547)  
Preferred (260)     (260)  
Redemption of preferred stock (878) (878)      
Common stock issued under employee plans, net, and other 380   $ 380    
Common stock issued under employee plans, net, and other (in shares)     0.2    
Common stock repurchased (4,209)   $ (4,209)    
Common stock repurchased (in shares)     (102.7)    
Ending balance at Jun. 30, 2021 277,119 23,441 $ 79,242 177,499 (3,063)
Ending Balance (in shares) at Jun. 30, 2021     8,487.2    
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