Total Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Equity [Abstract] |
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| Schedule of Preferred Stock Outstanding and Preferred Stock Dividends |
Preferred Stock | | | | | | | | | | | | | | | | Shares Outstanding | | Carrying Value | | $ in millions, except per share data | At
June 30,
2026 | Liquidation
Preference
per Share | At
June 30,
2026 | At
December 31,
2025 | | Series | | | | | A | 44,000 | | $ | 25,000 | | $ | 1,100 | | $ | 1,100 | | C1 | 519,882 | | 1,000 | | 408 | | 408 | | | E | 34,500 | | 25,000 | | 862 | | 862 | | | F | 34,000 | | 25,000 | | 850 | | 850 | | | I | 40,000 | | 25,000 | | 1,000 | | 1,000 | | | K | 40,000 | | 25,000 | | 1,000 | | 1,000 | | | L | 20,000 | | 25,000 | | 500 | | 500 | | | M | 400,000 | | 1,000 | | 430 | | 430 | | | N | 3,000 | | 100,000 | | 300 | | 300 | | | O | 52,000 | | 25,000 | | 1,300 | | 1,300 | | | P | 40,000 | | 25,000 | | 1,000 | | 1,000 | | Q | 40,000 | | 25,000 | | 1,000 | | 1,000 | | | Total | $ | 9,750 | | $ | 9,750 | | | Shares authorized | | 30,000,000 | | | | | | |
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| Schedule of Share Repurchases |
Share Repurchases | | | | | | | | | | | | | | | | Three Months Ended June 30, | Six Months Ended June 30, | | $ in millions | 2026 | 2025 | 2026 | 2025 | | Repurchases of common stock under the Firm’s Share Repurchase Authorization | $ | 1,500 | | $ | 1,000 | | $ | 3,250 | | $ | 2,000 | |
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| Schedule of Common Shares Outstanding for Basic and Diluted EPS |
Common Shares Outstanding for Basic and Diluted EPS | | | | | | | | | | | | | | | | Three Months Ended
June 30, | Six Months Ended
June 30, | | in millions | 2026 | 2025 | 2026 | 2025 | | Weighted average common shares outstanding, basic | 1,554 | | 1,577 | | 1,558 | | 1,581 | | | Effect of dilutive RSUs and PSUs | 15 | | 16 | | 15 | | 15 | | | Weighted average common shares outstanding and common stock equivalents, diluted | 1,569 | | 1,593 | | 1,573 | | 1,596 | | | Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) | — | | 4 | | 4 | | 4 | |
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| Schedule of Common Stock Dividends Per Share |
Dividends | | | | | | | | | | | | | | | | | | | | $ in millions, except per
share data | Three Months Ended June 30, | | 2026 | 2025 | Per Share1 | Total | Per Share1 | Total | | Preferred stock series | | | | | | A | $ | 293 | | $ | 13 | | $ | 330 | | $ | 15 | | | C | 25 | | 13 | | 25 | | 13 | | | E | 450 | | 15 | | 450 | | 16 | | | F | 434 | | 15 | | 434 | | 14 | | | I | 403 | | 16 | | 403 | | 16 | | | K | 366 | | 15 | | 366 | | 14 | | | L | 305 | | 6 | | 305 | | 6 | | | | | | | | N | 1,794 | | 5 | | 1,952 | | 6 | | | O | 266 | | 14 | | 266 | | 14 | | | P | 406 | | 16 | | 406 | | 16 | | Q | 414 | | 17 | | 414 | | 17 | | | Total Preferred stock | | $ | 145 | | | $ | 147 | | | Common stock | $ | 1.00 | | $ | 1,575 | | $ | 0.925 | | $ | 1,478 | |
| | | | | | | | | | | | | | | | | | | | $ in millions, except per
share data | Six Months Ended June 30, | | 2026 | 2025 | Per Share1 | Total | Per Share1 | Total | | Preferred stock series | | | | | | A | $ | 583 | | $ | 26 | | $ | 659 | | $ | 29 | | | C | 50 | | 26 | | 50 | | 26 | | | E | 896 | | 31 | | 896 | | 31 | | | F | 864 | | 29 | | 864 | | 29 | | | I | 801 | | 32 | | 801 | | 32 | | | K | 731 | | 29 | | 731 | | 29 | | | L | 609 | | 12 | | 609 | | 12 | | M2 | 29 | | 12 | | 29 | | 12 | | | N | 3,600 | | 11 | | 3,918 | | 12 | | | O | 531 | | 28 | | 531 | | 28 | | | P | 813 | | 32 | | 813 | | 32 | | Q | 828 | | 33 | | 828 | | 33 | | | Total Preferred stock | | $ | 301 | | | $ | 305 | | | Common stock | $ | 2.00 | | $ | 3,164 | | $ | 1.85 | | $ | 2,970 | |
1.Common and Preferred Stock dividends are payable quarterly unless otherwise noted. 2.Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly.
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| Schedule of Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss) Rollforward | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | $ in millions | CTA | AFS Securities | Pension and Other | DVA | Cash Flow Hedges | Total | Beginning Balance | $ | (1,176) | | $ | (1,720) | | $ | (554) | | $ | (1,781) | | $ | (275) | | $ | (5,506) | | OCI activity: | | | | | | | Pre-Tax Gain (Loss) | 29 | | 11 | | 1 | | (838) | | (279) | | (1,076) | | Tax effect | (48) | | (3) | | — | | 205 | | 67 | | 221 | | After-tax Gain (Loss) | (19) | | 8 | | 1 | | (633) | | (212) | | (855) | | | Noncontrolling Interests | (22) | | — | | — | | (4) | | — | | (26) | | OCI Activity | 3 | | 8 | | 1 | | (629) | | (212) | | (829) | | Reclassified to Earnings: | | | | | | | Pre-tax Reclass. | — | | (7) | | 6 | | 4 | | 6 | | 9 | | Tax effect | — | | 2 | | (2) | | (1) | | (2) | | (3) | | Reclass. After-tax | — | | (5) | | 4 | | 3 | | 4 | | 6 | | Net OCI Activity | 3 | | 3 | | 5 | | (626) | | (208) | | (823) | | Ending Balance | $ | (1,173) | | $ | (1,717) | | $ | (549) | | $ | (2,407) | | $ | (483) | | $ | (6,329) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | $ in millions | CTA | AFS Securities | Pension and Other | DVA | Cash Flow Hedges | Total | | Beginning Balance | $ | (1,332) | | $ | (2,215) | | $ | (581) | | $ | (1,815) | | $ | (18) | | $ | (5,961) | | | OCI activity: | | | | | | | | Pre-Tax Gain (Loss) | (79) | | 55 | | (1) | | (236) | | (4) | | (265) | | | Tax effect | 283 | | (13) | | — | | 60 | | 1 | | 331 | | | After-tax Gain (Loss) | 204 | | 42 | | (1) | | (176) | | (3) | | 66 | | | Noncontrolling Interests | 36 | | — | | — | | 6 | | — | | 42 | | | OCI Activity | 168 | | 42 | | (1) | | (182) | | (3) | | 24 | | | Reclassified to Earnings: | | | | | | | Pre-tax Reclass. | — | | — | | 5 | | 3 | | 25 | | 33 | | | Tax effect | — | | — | | (2) | | (1) | | (6) | | (9) | | Reclass. After-tax | — | | — | | 3 | | 2 | | 19 | | 24 | | | Net OCI Activity | 168 | | 42 | | 2 | | (180) | | 16 | | 48 | | | Ending Balance | $ | (1,164) | | $ | (2,173) | | $ | (579) | | $ | (1,995) | | $ | (2) | | $ | (5,913) | |
| | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | $ in millions | CTA | AFS Securities | Pension and Other | DVA | Cash Flow Hedges | Total | Beginning Balance | $ | (1,170) | | $ | (1,585) | | $ | (558) | | $ | (2,995) | | $ | 23 | | $ | (6,285) | | OCI activity: | | | | | | | Pre-Tax Gain (Loss) | 74 | | (160) | | 1 | | 781 | | (675) | | 21 | | Tax effect | (111) | | 38 | | — | | (192) | | 161 | | (104) | | After-tax Gain (Loss) | (37) | | (122) | | 1 | | 589 | | (514) | | (83) | | | Noncontrolling Interests | (34) | | — | | — | | 11 | | — | | (23) | | OCI Activity | (3) | | (122) | | 1 | | 578 | | (514) | | (60) | | Reclassified to Earnings: | | | | | | | Pre-tax Reclass. | — | | (13) | | 11 | | 13 | | 11 | | 22 | | Tax effect | — | | 3 | | (3) | | (3) | | (3) | | (6) | | Reclass. After-tax | — | | (10) | | 8 | | 10 | | 8 | | 16 | | Net OCI Activity | (3) | | (132) | | 9 | | 588 | | (506) | | (44) | | Ending Balance | $ | (1,173) | | $ | (1,717) | | $ | (549) | | $ | (2,407) | | $ | (483) | | $ | (6,329) | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | $ in millions | CTA | AFS Securities | Pension and Other | DVA | Cash Flow Hedges | Total | | Beginning Balance | $ | (1,477) | | $ | (2,573) | | $ | (583) | | $ | (2,146) | | $ | (35) | | $ | (6,814) | | | OCI activity: | | | | | | | | Pre-Tax Gain (Loss) | (25) | | 546 | | (1) | | 203 | | 13 | | 736 | | | Tax effect | 417 | | (130) | | — | | (48) | | (3) | | 236 | | | After-tax Gain (Loss) | 392 | | 416 | | (1) | | 155 | | 10 | | 972 | | | Noncontrolling Interests | 79 | | — | | — | | 13 | | — | | 92 | | | OCI Activity | 313 | | 416 | | (1) | | 142 | | 10 | | 880 | | | Reclassified to Earnings: | | | | | | | Pre-tax Reclass. | — | | (21) | | 10 | | 12 | | 30 | | 31 | | | Tax effect | — | | 5 | | (5) | | (3) | | (7) | | (10) | | Reclass. After-tax | — | | (16) | | 5 | | 9 | | 23 | | 21 | | | Net OCI Activity | 313 | | 400 | | 4 | | 151 | | 33 | | 901 | | | Ending Balance | $ | (1,164) | | $ | (2,173) | | $ | (579) | | $ | (1,995) | | $ | (2) | | $ | (5,913) | |
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