Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)

The following table summarizes the contractual amounts and carrying values of off-balance sheet lending-related financial instruments, guarantees and other commitments at June 30, 2026 and December 31, 2025. The amounts in the table below for credit card, home equity and certain scored business banking lending-related commitments represent the total available credit for these products. The Firm has not experienced, and does not anticipate, that all available lines of credit for these commitments will be utilized at the same time. The Firm can generally reduce or cancel these commitments, in accordance with the contract, or to the extent otherwise permitted by law, including when there has been a demonstrable decline in the creditworthiness of the borrower or significant decrease in the value of underlying property.


Off–balance sheet lending-related financial instruments, guarantees and other commitments
	Contractual amount													Carrying value(i)(j)
	June 30, 2026											Dec 31, 2025			Jun 30, 2026			Dec 31, 2025
By remaining maturity (in millions)	Expires in 1 year or less		Expires after 1 year through 3 years			Expires after 3 years through 5 years		Expires after 5 years		Total		Total
Lending-related
Consumer, excluding credit card:
Residential Real Estate(a)	$	19,183	$	4,869		$	3,226	$	5,885	$	33,163	$	28,998		$	293		$	327
Auto and other	11,984		4			7		3,958		15,953		14,589			10			10
Total consumer, excluding credit card	31,167		4,873			3,233		9,843		49,116		43,587			303			337
Credit card(b)	1,118,256		106,175		(h)	—		—		1,224,431		1,177,766		(h)	2,200		(k)	2,200		(k)
Total consumer(c)	1,149,423		111,048			3,233		9,843		1,273,547		1,221,353			2,503			2,537
Wholesale:
Other unfunded commitments to extend credit(d)	135,675		190,403			227,905		31,137		585,120		561,506			3,021			3,112
Standby letters of credit and other financial guarantees(d)	19,049		8,227			4,998		660		32,934		29,919			666			616
Other letters of credit(d)	3,884		312			74		442		4,712		4,529			15			13
Total wholesale(c)	158,608		198,942			232,977		32,239		622,766		595,954			3,702			3,741
Total lending-related	$	1,308,031	$	309,990		$	236,210	$	42,082	$	1,896,313	$	1,817,307		$	6,205		$	6,278
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)	$	470,285	$	—		$	—	$	—	$	470,285	$	405,910		$	—		$	—
Derivatives qualifying as guarantees	5,233		519			9,336		37,801		52,889		49,031			212			(12)
Unsettled resale and securities borrowed agreements	127,737		35			—		—		127,772		137,072			4			—
Unsettled repurchase and securities loaned agreements	108,941		572			—		—		109,513		52,895			—			—
Loan sale and securitization-related indemnifications:
Mortgage repurchase liability	NA		NA			NA		NA		NA		NA			36			37
Loans sold with recourse	NA		NA			NA		NA		2,236		2,015			19			19
Exchange & clearing house guarantees and commitments(f)	316,489		NA			NA		NA		316,489		433,537			—			—
Other guarantees and commitments(g)	16,666		5,220			275		6,237		28,398		13,238			12			15

(a)Includes certain commitments to purchase loans from correspondents.

(b)Also includes commercial card lending-related commitments primarily in CIB.

(c)Predominantly all consumer and wholesale lending-related commitments are in the U.S.

(d)As of June 30, 2026 and December 31, 2025, reflected the contractual amount net of risk participations totaling $116 million and $181 million, respectively, for other unfunded commitments to extend credit; $12.0 billion and $9.2 billion, respectively, for standby letters of credit and other financial guarantees; $765 million and $514 million, respectively, for other letters of credit. In regulatory filings with the Federal Reserve these commitments are shown gross of risk participations.

(e)As of June 30, 2026 and December 31, 2025, collateral held by the Firm in support of securities lending indemnification agreements was $500.7 billion and $431.9 billion, respectively. Securities lending collateral primarily consists of cash, G7 government securities, and securities issued by U.S. GSEs and government agencies.

(f)As of June 30, 2026 and December 31, 2025, includes guarantees to the Fixed Income Clearing Corporation under the sponsored member repo program and commitments and guarantees associated with the Firm’s membership in certain clearing houses.

(g)As of June 30, 2026 and December 31, 2025, primarily includes unfunded commitments and tax credit indemnities related to certain tax-oriented investments, unfunded commitments to purchase secondary market loans, and equity investment commitments.

(h)As of June 30, 2026 and December 31, 2025, included approximately $106 billion and $104 billion, respectively, related to the Apple Card transaction. Refer to Note 28 of the Firm's 2025 Form 10-K for additional information.

(i)For lending-related products, the carrying value includes the allowance for lending-related commitments and the guarantee liability; for derivative-related products, and lending-related commitments for which the fair value option was elected, the carrying value represents the fair value.

(j)For lending-related commitments, the carrying value also includes fees and any purchase discounts or premiums that are deferred and recognized in accounts payable and other liabilities on the Consolidated balance sheets. Deferred amounts for revolving commitments and commitments not expected to fund, are amortized to lending- and deposit-related fees on a straight line basis over the commitment period. For all other commitments the deferred amounts remain deferred until the commitment funds or is sold.

(k)Represents the allowance for lending-related commitments related to the Apple Card transaction. Refer to Note 13 of the Firm's 2025 Form 10-K for additional information.

The following table summarizes the contractual amount and carrying value of standby letters of credit and other financial guarantees and other letters of credit arrangements as of June 30, 2026 and December 31, 2025.

Standby letters of credit, other financial guarantees and other letters of credit


	June 30, 2026					December 31, 2025
(in millions)	Standby letters of credit and other financial guarantees			Other letters of credit		Standby letters of credit and other financial guarantees			Other letters of credit
Investment-grade(a)		$	22,762	$	3,207		$	20,535	$	3,187
Noninvestment-grade(a)		10,172		1,505			9,384		1,342
Total contractual amount		$	32,934	$	4,712		$	29,919	$	4,529

Allowance for lending-related commitments		$	206	$	15		$	175	$	13
Guarantee liability		460		—			441		—
Total carrying value		$	666	$	15		$	616	$	13
Commitments with collateral		$	18,882	$	423		$	16,969	$	540

(a)The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 11 for further information on internal risk ratings.

The following table summarizes the derivatives qualifying as guarantees as of June 30, 2026 and December 31, 2025.


(in millions)	June 30, 2026		December 31, 2025
Notional amounts
Derivative guarantees	$	52,889	$	49,031
Stable value contracts with contractually limited exposure	35,673		35,462
Maximum exposure of stable value contracts with contractually limited exposure	792		1,312
Fair value
Derivative guarantees	212		(12)