v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
Investment banking fees $ 3,208 $ 2,499 $ 6,066 $ 4,677
Principal transactions 9,007 7,149 16,994 14,763
Lending- and deposit-related fees 2,511 2,248 4,905 4,380
Asset management fees 5,658 4,806 11,173 9,506
Commissions and other fees 2,614 2,194 5,096 4,227
Investment securities losses (395) (54) (331) (91)
Mortgage fees and related income 336 363 645 641
Card income 1,348 1,344 2,538 2,560
Other income 7,549 1,154 9,220 3,077
Noninterest revenue 31,836 21,703 56,306 43,740
Interest income 50,624 48,241 99,815 95,094
Interest expense 25,113 25,032 48,938 48,612
Net interest income 25,511 23,209 50,877 46,482
Total net revenue 57,347 44,912 107,183 90,222
Provision for credit losses 2,515 2,849 5,022 6,154
Noninterest expense        
Compensation expense 15,159 13,710 30,498 27,803
Occupancy expense 1,482 1,264 2,929 2,566
Technology, communications and equipment expense 3,107 2,704 6,128 5,282
Professional and outside services 3,855 3,006 7,338 5,845
Marketing 1,670 1,279 3,274 2,583
Other expense 2,043 1,816 3,999 3,297
Total noninterest expense 27,316 23,779 54,166 47,376
Income/(loss) before income tax expense/(benefit) 27,516 18,284 47,995 36,692
Income tax expense 6,361 3,297 10,346 7,062
Net income 21,155 14,987 37,649 29,630
Basic net income applicable to common stockholders 20,752 14,630 36,901 28,948
Diluted net income applicable to common stockholders $ 20,752 $ 14,630 $ 36,901 $ 28,948
Net income per common share data        
Basic earnings per share (in dollars per share) $ 7.71 $ 5.25 $ 13.65 $ 10.32
Diluted earnings per share (in dollars per share) $ 7.70 $ 5.24 $ 13.63 $ 10.31
Weighted-average basic shares (in shares) 2,689.9 2,788.7 2,703.1 2,804.0
Weighted-average diluted shares (in shares) 2,694.2 2,793.7 2,707.2 2,809.0