| USD ($) $ in Millions, shares in Millions | LTM | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||||||||||||
Interest income | $ 146,514 | $ 142,864 | $ 143,713 | $ 133,258 | ||||||||||||||
Interest expense | (83,043) | (83,072) | (89,618) | (78,358) | ||||||||||||||
Net interest income | 63,471 | 59,792 | 54,095 | 54,900 | ||||||||||||||
Commissions and fees | 12,287 | 11,169 | 10,653 | 8,905 | ||||||||||||||
Principal transactions | 9,397 | 10,235 | 11,653 | 10,948 | ||||||||||||||
Administration and other fiduciary fees | 4,626 | 4,414 | 4,134 | 3,781 | ||||||||||||||
Realized gains on sales of investments, net | 651 | 471 | 328 | 188 | ||||||||||||||
Impairment losses on investments: | ||||||||||||||||||
Impairment losses on investments | - | - | 431 | 323 | ||||||||||||||
(Provision) releases for credit losses on AFS debt securities | - | - | (1) | 4 | ||||||||||||||
Other than temporary impairment losses on investments | ||||||||||||||||||
Less: Impairments recognized in AOCI | - | - | - | - | ||||||||||||||
Net impairment losses on investments recognized in earnings | 467 | 352 | 430 | 327 | ||||||||||||||
Less: Impairments recognized in OCI | - | - | - | - | ||||||||||||||
Insurance premiums | - | - | - | - | ||||||||||||||
Other revenue | 1,395 | (504) | 706 | 67 | ||||||||||||||
Total non-interest revenues | 27,889 | 25,433 | 27,044 | 23,562 | ||||||||||||||
Total revenues, net of interest expense | 91,360 | 85,225 | 81,139 | 78,462 | ||||||||||||||
Provisions for credit losses and for benefits and claims | ||||||||||||||||||
Provision for credit losses on loans | 9,667 | 9,497 | 9,726 | 7,786 | ||||||||||||||
Provision (release) for credit losses on HTM debt securities | (19) | 12 | 50 | (24) | ||||||||||||||
Provision for credit losses on other assets | 78 | 467 | 362 | 1,762 | ||||||||||||||
Policyholder benefits and claims | 71 | 87 | 90 | 87 | ||||||||||||||
Provision (release) for credit losses on unfunded lending commitments | 200 | 202 | (119) | (425) | ||||||||||||||
Total provisions for credit losses and for benefits and claims | 9,997 | 10,265 | 10,109 | 9,186 | ||||||||||||||
Operating expenses | ||||||||||||||||||
Compensation and benefits | 30,916 | 29,639 | 28,542 | 29,232 | ||||||||||||||
Technology/communication | 9,358 | 9,423 | 9,035 | 9,106 | ||||||||||||||
Transactional and product servicing | - | 4,575 | - | - | ||||||||||||||
Premises and equipment | 2,492 | 2,477 | 2,438 | 2,508 | ||||||||||||||
Transactional and tax charges | - | - | 3,574 | - | ||||||||||||||
Professional services | 1,966 | 2,073 | 2,016 | - | ||||||||||||||
Advertising and marketing | 1,094 | 1,097 | 1,113 | 1,393 | ||||||||||||||
Restructuring | - | (14) | 259 | 781 | ||||||||||||||
Other operating | 5,619 | 5,862 | 7,007 | 13,346 | ||||||||||||||
Total operating expenses | 56,656 | 55,132 | 53,984 | 56,366 | ||||||||||||||
Income from continuing operations before income taxes | 24,707 | 19,828 | 17,046 | 12,910 | ||||||||||||||
Provision (benefit) for income taxes | 6,430 | 5,373 | 4,211 | 3,528 | ||||||||||||||
Income from continuing operations | 18,277 | 14,455 | 12,835 | 9,382 | ||||||||||||||
Discontinued operations | ||||||||||||||||||
Income (loss) from discontinued operations | (3) | (3) | (2) | (1) | ||||||||||||||
Gain on sale | - | - | - | - | ||||||||||||||
Gain (loss) on sale | - | - | - | - | ||||||||||||||
Benefit for income taxes | 0 | 0 | 0 | 0 | ||||||||||||||
Income (loss) from discontinued operations, net of taxes | (3) | (3) | (2) | (1) | ||||||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total | 18,274 | 14,452 | 12,833 | 9,381 | ||||||||||||||
Noncontrolling interests | 435 | 146 | 151 | 153 | ||||||||||||||
Net income | $ 17,839 | $ 14,306 | $ 12,682 | $ 9,228 | ||||||||||||||
Basic earnings per share | ||||||||||||||||||
Income from continuing operations (in dollars per share) | $ 9.45 | $ 7.11 | $ 6.03 | $ 4.07 | ||||||||||||||
Loss from discontinued operations, net of taxes (in dollars per share) | 0 | 0 | 0 | 0 | ||||||||||||||
Net income (in dollars per share) | 9.45 | 7.11 | 6.03 | 4.07 | ||||||||||||||
Weighted-average common shares outstanding (in shares) | 1,718.9 | 1,832 | 1,901.4 | 1,930.1 | ||||||||||||||
Diluted earnings per share | ||||||||||||||||||
Income from continuing operations (in dollars per share) | 9.28 | 6.99 | 5.95 | 4.04 | ||||||||||||||
Loss from discontinued operations, net of taxes (in dollars per share) | 0 | 0 | 0 | 0 | ||||||||||||||
Net income (in dollars per share) | $ 9.28 | $ 6.99 | $ 5.94 | $ 4.04 | ||||||||||||||
Adjusted weighted-average common shares outstanding (in shares) | 1,755.8 | 1,873.1 | 1,940.1 | 1,955.8 |