Commitments, Guarantees and Contingencies (Tables)

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments


	Years to Maturity at June 30, 2026
$ in millions	Less than 1		1-3		3-5		Over 5		Total
Lending:
Corporate	$	24,024	$	56,551	$	85,209	$	5,763	$	171,547
Secured lending facilities	6,162		8,461		11,335		5,486		31,444
Commercial and Residential real estate	88		181		498		486		1,253
Securities-based lending and Other	17,560		3,793		309		527		22,189
Forward-starting secured financing receivables1	163,191		1,628		—		—		164,819
Central counterparty	15,178		—		—		—		15,178

Investment activities	3,769		533		166		499		4,967
Letters of credit and other financial guarantees	32		—		—		3		35
Total	$	230,004	$	71,147	$	97,517	$	12,764	$	411,432
Lending commitments participated to third parties									$	14,192

1.These amounts primarily include secured financing receivables yet to settle as of June 30, 2026, with settlement generally occurring within three business days. These amounts also include commitments to enter into certain collateralized financing transactions.

Schedule of Obligations under Guarantee Arrangements

Guarantees


	At June 30, 2026
	Maximum Potential Payout/Notional of Obligations by Years to Maturity								Carrying Amount Asset (Liability)
$ in millions	Less than 1		1-3		3-5		Over 5
Non-credit derivatives1	$	1,476,804	$	817,174	$	226,173	$	638,984	$	(45,534)
Standby letters of credit and other financial guarantees issued2,3	1,764		762		1,356		2,597		16

Liquidity facilities	1,867		—		—		—		2
Whole loan sales guarantees	29		—		1		23,070		—
Securitization representations and warranties4	—		—		—		99,464		—
General partner guarantees	54		119		95		29		(46)
Client clearing guarantees	2,583		—		—		—		—

1.The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. For further information on derivatives contracts, see Note 6.

2.These amounts include certain issued standby letters of credit participated to third parties, totaling $0.7 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements.

3.As of June 30, 2026, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $102 million.

4.Related to commercial, residential mortgage and asset backed securitizations.