| 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 | ||||||||||||||||||
Investment banking | $ 11,482 | $ 9,348 | $ 7,738 | $ 6,218 | ||||||||||||||
Investment management | 12,710 | 11,749 | 10,596 | 9,532 | ||||||||||||||
Commissions and fees | 4,466 | 4,042 | 4,086 | 3,789 | ||||||||||||||
Market making | 20,635 | 17,993 | 18,390 | 18,238 | ||||||||||||||
Other principal transactions | 1,841 | 1,592 | 4,646 | 2,126 | ||||||||||||||
Total non-interest revenues | 51,134 | 44,724 | 45,456 | 39,903 | ||||||||||||||
Interest income | 83,885 | 80,373 | 81,397 | 68,515 | ||||||||||||||
Interest expense | (68,816) | (66,814) | (73,341) | (62,164) | ||||||||||||||
Trading and principal investments | - | - | - | - | ||||||||||||||
Asset management and securities services | - | - | - | - | ||||||||||||||
Net interest income | 15,069 | 13,559 | 8,056 | 6,351 | ||||||||||||||
Total net revenues | 66,203 | 58,283 | 53,512 | 46,254 | ||||||||||||||
Provision for credit losses | (1,367) | (1,113) | 1,348 | 1,028 | ||||||||||||||
Operating expenses | ||||||||||||||||||
Compensation and benefits | 20,861 | 18,906 | 16,706 | 15,499 | ||||||||||||||
Transaction based | 9,759 | 7,997 | 6,724 | 5,698 | ||||||||||||||
U.K. bank payroll tax | - | - | - | - | ||||||||||||||
Brokerage, clearing, exchange and distribution fees | - | - | - | - | ||||||||||||||
Market development | 771 | 710 | 646 | 629 | ||||||||||||||
Communications and technology | 2,352 | 2,170 | 1,991 | 1,919 | ||||||||||||||
Depreciation and amortization | 2,062 | 2,182 | 2,392 | 4,856 | ||||||||||||||
Occupancy | 989 | 958 | 973 | 1,053 | ||||||||||||||
Professional fees | 1,657 | 1,770 | 1,652 | 1,623 | ||||||||||||||
Insurance reserves | - | - | - | - | ||||||||||||||
Other expenses | 2,823 | 2,851 | 2,683 | 3,210 | ||||||||||||||
Total non-compensation expenses | - | - | - | - | ||||||||||||||
Total operating expenses | 41,274 | 37,544 | 33,767 | 34,487 | ||||||||||||||
Pre-tax earnings | 26,296 | 21,852 | 18,397 | 10,739 | ||||||||||||||
Provision for taxes | 5,323 | 4,676 | 4,121 | 2,223 | ||||||||||||||
Net earnings | 20,973 | 17,176 | 14,276 | 8,516 | ||||||||||||||
Preferred stock dividends | 927 | 876 | 751 | 609 | ||||||||||||||
Net earnings applicable to common shareholders | $ 20,046 | $ 16,300 | $ 13,525 | $ 7,907 | ||||||||||||||
Earnings per common share | ||||||||||||||||||
Basic (in dollars per share) | - | $ 51.95 | $ 41.07 | $ 23.05 | ||||||||||||||
Diluted (in dollars per share) | 64.76 | 51.32 | 40.54 | 22.87 | ||||||||||||||
Dividends declared per common share | - | - | - | - | ||||||||||||||
Average common shares | ||||||||||||||||||
Basic (in shares) | 301.9 | 312.7 | 328.1 | 340.8 | ||||||||||||||
Diluted (in shares) | 306.5 | 317.6 | 333.6 | 345.8 |