v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 37,649 $ 29,630
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 5,022 6,154
Depreciation and amortization 4,681 4,240
Deferred tax (benefit)/expense 127 (418)
Initial gain on the Visa share exchange (4,509) 0
Other 1,432 979
Originations and purchases of loans held-for-sale (138,988) (133,098)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 145,881 120,504
Net change in:    
Trading assets (253,978) (245,618)
Securities borrowed (76,298) (4,434)
Accrued interest and accounts receivable (69,352) (23,853)
Other assets (24,142) (5,048)
Trading liabilities 74,762 29,763
Accounts payable and other liabilities 59,493 (7,760)
Other operating adjustments 1,176 6,667
Net cash (used in) operating activities (237,044) (222,292)
Net change in:    
Federal funds sold and securities purchased under resale agreements (109,784) (175,516)
Held-to-maturity securities:    
Proceeds from paydowns and maturities 24,438 18,147
Purchases (23,058) (3,167)
Available-for-sale securities:    
Proceeds from paydowns and maturities 26,155 17,957
Proceeds from sales 110,842 85,495
Purchases (172,073) (172,126)
Proceeds from sales and securitizations of loans held-for-investment 29,127 25,940
Other changes in loans, net (91,082) (83,166)
All other investing activities, net (5,941) (4,700)
Net cash (used in) investing activities (211,376) (291,136)
Net change in:    
Deposits 149,395 153,462
Federal funds purchased and securities loaned or sold under repurchase agreements 262,558 298,493
Short-term borrowings 6,954 10,772
Beneficial interests issued by consolidated VIEs (517) (31)
Proceeds from long-term borrowings 85,466 53,884
Payments of long-term borrowings (59,953) (50,821)
Proceeds from issuance of preferred stock 3,000 3,000
Redemption of preferred stock (2,000) (3,000)
Treasury stock repurchased (15,113) (15,034)
Dividends paid (8,716) (8,028)
All other financing activities, net (1,595) (1,834)
Net cash provided by financing activities 419,479 440,863
Effect of exchange rate changes on cash and due from banks and deposits with banks (4,586) 23,575
Net decrease in cash and due from banks and deposits with banks (33,527) (48,990)
Cash and due from banks and deposits with banks at the beginning of the period 343,338 469,317
Cash and due from banks and deposits with banks at the end of the period 309,811 420,327
Cash interest paid 48,435 47,937
Cash income taxes paid, net $ 6,036 $ 4,685