v3.26.1
Consolidated Cash Flow Statement (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 5,638 $ 4,371
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Stock-based compensation expense 571 539
Depreciation and amortization 714 865
Provision for credit losses 98 135
Other operating adjustments 74 (2)
Changes in assets and liabilities:    
Trading assets, net of Trading liabilities (53,593) (48,968)
Securities borrowed (2,662) (16,367)
Securities loaned 2,279 1,378
Customer and other receivables and other assets (24,611) (9,109)
Customer and other payables and other liabilities 31,739 24,460
Securities purchased under agreements to resell (8,637) (483)
Securities sold under agreements to repurchase 41,292 19,205
Net cash provided by (used for) operating activities (7,098) (23,976)
Proceeds from (payments for):    
Other assets—Premises, equipment and software (754) (713)
Changes in loans, net (8,449) (6,486)
AFS securities:    
Purchases (11,653) (6,562)
Proceeds from sales 5,856 1,714
Proceeds from paydowns and maturities 6,023 5,314
HTM securities:    
Purchases (999) 0
Proceeds from paydowns and maturities 3,689 1,723
Other investing activities (313) (24)
Net cash provided by (used for) investing activities (6,600) (5,034)
Net proceeds from (payments for):    
Other secured financings (506) (683)
Deposits 12,751 5,520
Proceeds from issuance of Borrowings 56,195 32,439
Payments for:    
Borrowings (27,561) (20,845)
Repurchases of common stock and employee tax withholdings (2,875) (2,030)
Cash dividends (1,708) (1,616)
Other financing activities 164 260
Net cash provided by (used for) financing activities 36,460 13,045
Effect of exchange rate changes on cash and cash equivalents (928) 1,318
Net increase (decrease) in cash and cash equivalents 21,834 (14,647)
Cash and cash equivalents, at beginning of period 111,695 105,386
Cash and cash equivalents, at end of period 133,529 90,739
Supplemental Disclosure of Cash Flow Information    
Cash payments for interest 14,195 12,464
Cash payments for income taxes, net of refunds $ 398 $ 534