Collateralized Transactions (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Collateralized Agreements [Abstract] |
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| Schedule of Offsetting of Certain Collateralized Transactions |
Offsetting of Certain Collateralized Transactions | | | | | | | | | | | | | | | | | | | | At March 31, 2026 | | $ in millions | Gross Amounts | Amounts Offset | Balance Sheet Net Amounts | Amounts Not Offset1 | Net Amounts | | Assets | | | | | | | Securities purchased under agreements to resell | $ | 469,774 | | $ | (340,894) | | $ | 128,880 | | $ | (126,971) | | $ | 1,909 | | | Securities borrowed | 214,529 | | (59,959) | | 154,570 | | (151,606) | | 2,964 | | | Liabilities | | | | | | | Securities sold under agreements to repurchase | $ | 460,725 | | $ | (340,894) | | $ | 119,831 | | $ | (113,870) | | $ | 5,961 | | | Securities loaned | 79,548 | | (59,959) | | 19,589 | | (19,426) | | 163 | | | Amounts for which master netting agreements are not in place or may not be legally enforceable, included in Net Amounts | | Securities purchased under agreements to resell | $ | 1,359 | | | Securities borrowed | | | 37 | | | Securities sold under agreements to repurchase | | 4,035 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | At December 31, 2025 | | $ in millions | Gross Amounts | Amounts Offset | Balance Sheet Net Amounts | Amounts Not Offset1 | Net Amounts | | Assets | | | | | | | Securities purchased under agreements to resell | $ | 471,144 | | $ | (350,901) | | $ | 120,243 | | $ | (117,509) | | $ | 2,734 | | | Securities borrowed | 218,753 | | (66,845) | | 151,908 | | (146,726) | | 5,182 | | | Liabilities | | | | | | | Securities sold under agreements to repurchase | $ | 429,440 | | $ | (350,901) | | $ | 78,539 | | $ | (72,407) | | $ | 6,132 | | | Securities loaned | 84,155 | | (66,845) | | 17,310 | | (17,213) | | 97 | | | Amounts for which master netting agreements are not in place or may not be legally enforceable, included in Net Amounts | | Securities purchased under agreements to resell | $ | 1,277 | | | Securities borrowed | | | 38 | | | Securities sold under agreements to repurchase | | 5,367 | | | | | | | |
1.Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.
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| Schedule of Gross Secured Financing Balances |
Gross Secured Financing Balances by Remaining Contractual Maturity | | | | | | | | | | | | | | | | | | | | At March 31, 2026 | | $ in millions | Overnight and Open | Less than 30 Days | 30-90 Days | Over 90 Days | Total | | Securities sold under agreements to repurchase | $ | 241,209 | | $ | 107,743 | | $ | 37,694 | | $ | 74,079 | | $ | 460,725 | | | Securities loaned | 62,564 | | 1,393 | | 319 | | 15,272 | | 79,548 | | | Total included in the offsetting disclosure | $ | 303,773 | | $ | 109,136 | | $ | 38,013 | | $ | 89,351 | | $ | 540,273 | | Trading liabilities—
Obligation to return securities received as collateral | 8,182 | | — | | — | | — | | 8,182 | | | Total | $ | 311,955 | | $ | 109,136 | | $ | 38,013 | | $ | 89,351 | | $ | 548,455 | |
| | | | | | | | | | | | | | | | | | | | At December 31, 2025 | | $ in millions | Overnight and Open | Less than 30 Days | 30-90 Days | Over 90 Days | Total | | Securities sold under agreements to repurchase | $ | 221,938 | | $ | 122,291 | | $ | 43,737 | | $ | 41,474 | | $ | 429,440 | | | Securities loaned | 70,433 | | — | | 321 | | 13,401 | | 84,155 | | | Total included in the offsetting disclosure | $ | 292,371 | | $ | 122,291 | | $ | 44,058 | | $ | 54,875 | | $ | 513,595 | | Trading liabilities—
Obligation to return securities received as collateral | 7,329 | | — | | — | | — | | 7,329 | | | Total | $ | 299,700 | | $ | 122,291 | | $ | 44,058 | | $ | 54,875 | | $ | 520,924 | |
Gross Secured Financing Balances by Class of Collateral Pledged | | | | | | | | | | $ in millions | At
March 31,
2026 | At
December 31,
2025 | | Securities sold under agreements to repurchase | | U.S. Treasury and agency securities | $ | 236,030 | | $ | 209,470 | | | Other sovereign government obligations | 153,526 | | 159,444 | | | Corporate equities | 31,470 | | 32,919 | | | Other | 39,699 | | 27,607 | | | Total | $ | 460,725 | | $ | 429,440 | | | Securities loaned | | | | Other sovereign government obligations | $ | 330 | | $ | 1,208 | | | Corporate equities | 76,630 | | 81,063 | | | Other | 2,588 | | 1,884 | | | Total | $ | 79,548 | | $ | 84,155 | | | Total included in the offsetting disclosure | $ | 540,273 | | $ | 513,595 | | | Trading liabilities—Obligation to return securities received as collateral | | Corporate equities | $ | 7,746 | | $ | 7,017 | | | Other | 436 | | 312 | | | Total | $ | 8,182 | | $ | 7,329 | | | Total | $ | 548,455 | | $ | 520,924 | |
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| Schedule of Carrying Value of Assets Loaned or Pledged Without Counterparty Right to Sell or Repledge |
Carrying Value of Assets Loaned or Pledged without Counterparty Right to Sell or Repledge | | | | | | | | | | | $ in millions | At
March 31,
2026 | At
December 31,
2025 | | | Trading assets | $ | 52,356 | | $ | 43,182 | | | | | | | | | | |
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| Schedule of Fair Value of Collateral Received with Right to Sell or Repledge |
Fair Value of Collateral Received with Right to Sell or Repledge | | | | | | | | | | $ in millions | At
March 31,
2026 | At
December 31,
2025 | | Collateral received with right to sell or repledge | $ | 1,237,511 | | $ | 1,190,694 | | Collateral that was sold or repledged1 | 948,004 | | 900,282 | |
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| Schedule of Securities Segregated for Regulatory Purposes |
Securities Segregated for Regulatory Purposes | | | | | | | | | | $ in millions | At
March 31,
2026 | At
December 31,
2025 | Segregated securities1 | $ | 29,257 | | $ | 22,256 | |
1.Securities segregated under federal regulations for the Firm’s U.S. broker-dealers are sourced from Securities purchased under agreements to resell and Trading assets in the balance sheet.
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| Schedule of Customer Margin Lending |
Customer Margin and Other Lending | | | | | | | | | | $ in millions | At
March 31,
2026 | At
December 31,
2025 | | Margin and other lending | $ | 81,447 | | $ | 83,871 | |
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