Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | ||||
| Investment banking | $ 3,400 | $ 2,194 | $ 6,244 | $ 4,110 |
| Investment management | 3,378 | 2,837 | 6,557 | 5,596 |
| Commissions and fees | 1,525 | 1,201 | 2,851 | 2,427 |
| Market making | 7,637 | 4,733 | 13,098 | 10,456 |
| Other principal transactions | 444 | 514 | 1,306 | 1,057 |
| Total non-interest revenues | 16,384 | 11,479 | 30,056 | 23,646 |
| Interest income | 22,047 | 19,789 | 42,684 | 39,172 |
| Interest expense | 18,093 | 16,685 | 35,175 | 33,173 |
| Net interest income | 3,954 | 3,104 | 7,509 | 5,999 |
| Total net revenues | 20,338 | 14,583 | 37,565 | 29,645 |
| Provision for credit losses | 102 | 384 | 417 | 671 |
| Operating expenses | ||||
| Compensation and benefits | 6,104 | 4,685 | 11,516 | 9,561 |
| Transaction based | 3,052 | 1,955 | 5,567 | 3,805 |
| Market development | 198 | 167 | 384 | 323 |
| Communications and technology | 635 | 530 | 1,218 | 1,036 |
| Depreciation and amortization | 509 | 618 | 1,004 | 1,124 |
| Occupancy | 244 | 234 | 498 | 467 |
| Professional fees | 372 | 440 | 751 | 864 |
| Other expenses | 559 | 612 | 1,161 | 1,189 |
| Total operating expenses | 11,673 | 9,241 | 22,099 | 18,369 |
| Pre-tax earnings/(loss) | 8,563 | 4,958 | 15,049 | 10,605 |
| Provision for taxes | 1,935 | 1,235 | 2,791 | 2,144 |
| Net earnings | 6,628 | 3,723 | 12,258 | 8,461 |
| Preferred stock dividends | 229 | 250 | 456 | 405 |
| Net earnings applicable to common shareholders | $ 6,399 | $ 3,473 | $ 11,802 | $ 8,056 |
| Earnings per common share | ||||
| Basic (in dollars per share) | $ 21.27 | $ 11.03 | $ 38.99 | $ 25.32 |
| Diluted (in dollars per share) | $ 20.98 | $ 10.91 | $ 38.51 | $ 25.07 |
| Average common shares | ||||
| Basic (in shares) | 300.1 | 313.7 | 301.9 | 317.2 |
| Diluted (in shares) | 304.9 | 318.3 | 306.5 | 321.4 |
| X | ||||||||||
- Definition Average common shares outstanding. No definition available.
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- Definition Earnings Per Share, Excluding Net Earnings Attributed To Participating Securities, Basic No definition available.
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- Definition Revenues earned from management fees and incentive fees for investment management services and transaction revenues related to the firm's private wealth management. No definition available.
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- Definition Revenues include the gains or losses from marking financial assets and liabilities in the Global Markets segment at fair value. No definition available.
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- Definition Revenues include the gains or losses from marking financial assets and liabilities in the Investing & Lending segment to fair value. No definition available.
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- Definition Transaction based. No definition available.
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- Definition Amount of commission revenue from buying and selling securities on behalf of customers. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Business development involves the development of products and services, their delivery, design and their implementation. Business development includes a number of techniques designed to grow an economic enterprise. Such techniques include, but are not limited to, assessments of marketing opportunities and target markets, intelligence gathering on customers and competitors, generating leads for possible sales, follow-up sales activity, formal proposal writing and business model design. Business development involves evaluating a business and then realizing its full potential, using such tools as marketing, sales, information management and customer service. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Includes (1) underwriting revenue (the spread between the resale price received and the cost of the securities and related expenses) generated through the purchasing, distributing and reselling of new issues of securities (alternatively, could be a secondary offering of a large block of previously issued securities); and (2) fees earned for mergers, acquisitions, divestitures, restructurings, and other types of financial advisory services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income after deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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