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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Investment banking fees $ 2,008 $ 2,970
Principal transactions 5,105 6,500
Lending- and deposit-related fees 1,839 1,687
Asset management, administration and commissions 5,362 5,029
Investment securities gains/(losses) (394) 14
Mortgage fees and related income 460 704
Card income 975 1,350
Other income 1,490 1,123
Noninterest revenue 16,845 19,377
Interest income 15,496 14,271
Interest expense 1,624 1,382
Net interest income 13,872 12,889
Total net revenue 30,717 32,266
Provision for credit losses 1,463 (4,156)
Noninterest expense    
Compensation expense 10,787 10,601
Occupancy expense 1,134 1,115
Technology, communications and equipment expense 2,360 2,519
Professional and outside services 2,572 2,203
Marketing 920 751
Other expense 1,418 1,536
Total noninterest expense 19,191 18,725
Income before income tax expense 10,063 17,697
Income tax expense 1,781 3,397
Net income 8,282 14,300
Net income applicable to common stockholders $ 7,845 $ 13,851
Net income per common share data    
Basic earnings per share (in dollars per share) $ 2.64 $ 4.51
Diluted earnings per share (in dollars per share) $ 2.63 $ 4.50
Weighted-average basic shares (in shares) 2,977.0 3,073.5
Weighted-average diluted shares (in shares) 2,981.0 3,078.9