v3.26.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net Revenues        
Interest revenue $ 4,146 $ 3,787 $ 8,108 $ 7,544
Interest expense (789) (965) (1,607) (2,016)
Net interest revenue 3,357 2,822 6,501 5,528
Total net revenues 7,072 5,851 13,554 11,450
Expenses Excluding Interest        
Compensation and benefits 1,790 1,536 3,602 3,208
Professional services 307 291 610 560
Occupancy and equipment 301 270 586 544
Advertising and market development 111 108 212 204
Communications 198 176 361 329
Depreciation and amortization 198 215 399 432
Amortization of acquired intangible assets 142 128 274 258
Regulatory fees and assessments 63 77 138 166
Other 293 247 515 491
Total expenses excluding interest 3,403 3,048 6,697 6,192
Income before taxes on income 3,669 2,803 6,857 5,258
Taxes on income 869 677 1,578 1,223
Net Income 2,800 2,126 5,279 4,035
Preferred stock dividends and other 119 149 201 262
Net Income Available to Common Stockholders $ 2,681 $ 1,977 $ 5,078 $ 3,773
Weighted-Average Common Shares Outstanding:        
Basic (in shares) 1,735 1,817 1,740 1,819
Diluted (in shares) 1,739 1,822 1,745 1,825
Earnings Per Common Shares Outstanding        
Basic (in USD per share) [1] $ 1.55 $ 1.09 $ 2.92 $ 2.07
Diluted (in USD per share) [1] $ 1.54 $ 1.08 $ 2.91 $ 2.07
Asset management and administration fees        
Net Revenues        
Revenues from contracts with customers $ 1,825 $ 1,570 $ 3,584 $ 3,100
Trading revenue        
Net Revenues        
Revenues from contracts with customers 1,215 952 2,304 1,860
Bank deposit account fees        
Net Revenues        
Revenues from contracts with customers 333 247 628 492
Other        
Net Revenues        
Revenues from contracts with customers $ 342 $ 260 $ 537 $ 470
[1] For additional information on earnings per common shares outstanding for both voting and nonvoting common stock, see Notes 15 and 17.