v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Investment banking fees $ 2,499 $ 2,304 $ 4,677 $ 4,258
Principal transactions 7,149 6,814 14,763 13,604
Lending- and deposit-related fees 2,248 1,828 4,380 3,730
Asset management fees 4,806 4,302 9,506 8,448
Commissions and other fees 2,194 1,924 4,227 3,729
Investment securities losses (54) (547) (91) (913)
Mortgage fees and related income 363 348 641 623
Card income 1,344 1,332 2,560 2,550
Other income 1,154 9,149 3,077 10,277
Noninterest revenue 21,703 27,454 43,740 46,306
Interest income 48,241 48,513 95,094 95,951
Interest expense 25,032 25,767 48,612 50,123
Net interest income 23,209 22,746 46,482 45,828
Total net revenue 44,912 50,200 90,222 92,134
Provision for credit losses 2,849 3,052 6,154 4,936
Noninterest expense        
Compensation expense 13,710 12,953 27,803 26,071
Occupancy expense 1,264 1,248 2,566 2,459
Technology, communications and equipment expense 2,704 2,447 5,282 4,868
Professional and outside services 3,006 2,722 5,845 5,270
Marketing 1,279 1,221 2,583 2,381
Other expense 1,816 3,122 3,297 5,421
Total noninterest expense 23,779 23,713 47,376 46,470
Income/(loss) before income tax expense/(benefit) 18,284 23,435 36,692 40,728
Income tax expense 3,297 5,286 7,062 9,160
Net income 14,987 18,149 29,630 31,568
Basic net income applicable to common stockholders 14,630 17,718 28,948 30,661
Diluted net income applicable to common stockholders $ 14,630 $ 17,718 $ 28,948 $ 30,661
Net income per common share data        
Basic earnings per share (in dollars per share) $ 5.25 $ 6.13 $ 10.32 $ 10.58
Diluted earnings per share (in dollars per share) $ 5.24 $ 6.12 $ 10.31 $ 10.56
Weighted-average basic shares (in shares) 2,788.7 2,889.8 2,804.0 2,899.1
Weighted-average diluted shares (in shares) 2,793.7 2,894.9 2,809.0 2,903.9