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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Investment banking fees $ 1,954 $ 1,649
Principal transactions 6,790 7,615
Lending- and deposit-related fees 1,902 1,620
Asset management fees 4,146 3,465
Commissions and other fees 1,805 1,695
Investment securities losses (366) (868)
Mortgage fees and related income 275 221
Card income 1,218 1,234
Other income 1,128 1,007
Noninterest revenue 18,852 17,638
Interest income 47,438 37,004
Interest expense 24,356 16,293
Net interest income 23,082 20,711
Total net revenue 41,934 38,349
Provision for credit losses 1,884 2,275
Noninterest expense    
Compensation expense 13,118 11,676
Occupancy expense 1,211 1,115
Technology, communications and equipment expense 2,421 2,184
Professional and outside services 2,548 2,448
Marketing 1,160 1,045
Other expense 2,299 1,639
Total noninterest expense 22,757 20,107
Income/(loss) before income tax expense/(benefit) 17,293 15,967
Income tax expense 3,874 3,345
Net income/(loss) 13,419 12,622
Basic net income applicable to common stockholders 12,942 12,193
Diluted net income applicable to common stockholders $ 12,942 $ 12,193
Net income per common share data    
Basic earnings per share (in dollars per share) $ 4.45 $ 4.11
Diluted earnings per share (in dollars per share) $ 4.44 $ 4.10
Weighted-average basic shares (in shares) 2,908.3 2,968.5
Weighted-average diluted shares (in shares) 2,912.8 2,972.7