v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 29,630 $ 31,568
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 6,154 4,936
Depreciation and amortization 4,240 4,006
Deferred tax (benefit)/expense (418) (1,609)
Estimated bargain purchase gain associated with the First Republic acquisition 0  
Estimated bargain purchase gain associated with the First Republic acquisition   (103)
Initial gain on the Visa share exchange 0 (7,990)
Other 979 1,460
Originations and purchases of loans held-for-sale (133,098) (105,772)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 120,504 99,909
Net change in:    
Trading assets (245,618) (191,119)
Securities borrowed (4,434) 1,589
Accrued interest and accounts receivable (23,853) (28,551)
Other assets (5,048) 5,463
Trading liabilities 29,763 53,225
Accounts payable and other liabilities (7,760) 13,163
Other operating adjustments 6,667 4,136
Net cash (used in) operating activities (222,292) (115,689)
Net change in:    
Federal funds sold and securities purchased under resale agreements (175,516) (116,562)
Held-to-maturity securities:    
Proceeds from paydowns and maturities 18,147 46,800
Purchases (3,167) (1,034)
Available-for-sale securities:    
Proceeds from paydowns and maturities 17,957 16,742
Proceeds from sales 85,495 61,211
Purchases (172,126) (146,232)
Proceeds from sales and securitizations of loans held-for-investment 25,940 29,074
Other changes in loans, net (83,166) (24,568)
Net cash used in the First Republic acquisition 0 (2,362)
All other investing activities, net (4,700) (687)
Net cash (used in) investing activities (291,136) (137,618)
Net change in:    
Deposits 153,462 (7,212)
Federal funds purchased and securities loaned or sold under repurchase agreements 298,493 184,307
Short-term borrowings 10,772 2,304
Beneficial interests issued by consolidated VIEs (31) 1,628
Proceeds from long-term borrowings 53,884 54,103
Payments of long-term borrowings (50,821) (46,710)
Proceeds from issuance of preferred stock 3,000 2,500
Redemption of preferred stock (3,000) (6,000)
Treasury stock repurchased (15,034) (8,168)
Dividends paid (8,028) (7,270)
All other financing activities, net (1,834) (1,076)
Net cash provided by financing activities 440,863 168,406
Effect of exchange rate changes on cash and due from banks and deposits with banks 23,575 (8,431)
Net decrease in cash and due from banks and deposits with banks (48,990) (93,332)
Cash and due from banks and deposits with banks at the beginning of the period 469,317 624,151
Cash and due from banks and deposits with banks at the end of the period 420,327 530,819
Cash interest paid 47,937 48,526
Cash income taxes paid, net $ 4,685 $ 7,610