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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Investment banking fees $ 1,586 $ 3,470 $ 3,594 $ 6,440
Principal transactions 4,990 4,076 10,095 10,576
Lending- and deposit-related fees 1,873 1,760 3,712 3,447
Asset management, administration and commissions 5,240 5,194 10,602 10,223
Investment securities losses (153) (155) (547) (141)
Mortgage fees and related income 378 551 838 1,255
Card income 1,133 1,647 2,108 2,997
Other income 540 1,195 2,030 2,318
Noninterest revenue 15,587 17,738 32,432 37,115
Interest income 18,646 14,094 34,142 28,365
Interest expense 3,518 1,353 5,142 2,735
Net interest income 15,128 12,741 29,000 25,630
Total net revenue 30,715 30,479 61,432 62,745
Provision for credit losses 1,101 (2,285) 2,564 (6,441)
Noninterest expense        
Compensation expense 10,301 9,814 21,088 20,415
Occupancy expense 1,129 1,090 2,263 2,205
Technology, communications and equipment expense 2,376 2,488 4,736 5,007
Professional and outside services 2,469 2,385 5,041 4,588
Marketing 881 626 1,801 1,377
Other expense 1,593 1,264 3,011 2,800
Total noninterest expense 18,749 17,667 37,940 36,392
Income before income tax expense 10,865 15,097 20,928 32,794
Income tax expense 2,216 3,149 3,997 6,546
Net income 8,649 11,948 16,931 26,248
Net income applicable to common stockholders $ 8,195 $ 11,496 $ 16,039 $ 25,346
Net income per common share data        
Basic earnings per share (in dollars per share) $ 2.77 $ 3.79 $ 5.40 $ 8.30
Diluted earnings per share (in dollars per share) $ 2.76 $ 3.78 $ 5.39 $ 8.28
Weighted-average basic shares (in shares) 2,962.2 3,036.6 2,969.6 3,054.9
Weighted-average diluted shares (in shares) 2,966.3 3,041.9 2,973.7 3,060.3