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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Investment banking fees $ 2,231 $ 1,722 $ 6,489 $ 4,884
Principal transactions 5,988 6,210 19,592 20,735
Lending- and deposit-related fees 1,924 2,039 5,654 5,487
Asset management fees 4,479 3,904 12,927 11,143
Commissions and other fees 1,936 1,705 5,665 5,139
Investment securities losses (16) (669) (929) (2,437)
Mortgage fees and related income 402 414 1,025 913
Card income 1,345 1,209 3,895 3,537
Other income 960 614 11,237 4,913
Noninterest revenue 19,249 17,148 65,555 54,314
Interest income 50,416 44,556 146,367 123,204
Interest expense 27,011 21,830 77,134 57,988
Net interest income 23,405 22,726 69,233 65,216
Total net revenue 42,654 39,874 134,788 119,530
Provision for credit losses 3,111 1,384 8,047 6,558
Noninterest expense        
Compensation expense 12,817 11,726 38,888 34,618
Occupancy expense 1,258 1,197 3,717 3,382
Technology, communications and equipment expense 2,447 2,386 7,315 6,837
Professional and outside services 2,780 2,620 8,050 7,629
Marketing 1,258 1,126 3,639 3,293
Other expense 2,005 2,702 7,426 6,927
Total noninterest expense 22,565 21,757 69,035 62,686
Income/(loss) before income tax expense/(benefit) 16,978 16,733 57,706 50,286
Income tax expense 4,080 3,582 13,240 10,041
Net income/(loss) 12,898 13,151 44,466 40,245
Basic net income applicable to common stockholders 12,537 12,685 43,199 38,889
Diluted net income applicable to common stockholders $ 12,537 $ 12,685 $ 43,199 $ 38,889
Net income per common share data        
Basic earnings per share (in dollars per share) $ 4.38 $ 4.33 $ 14.97 $ 13.20
Diluted earnings per share (in dollars per share) $ 4.37 $ 4.33 $ 14.94 $ 13.18
Weighted-average basic shares (in shares) 2,860.6 2,927.5 2,886.2 2,946.6
Weighted-average diluted shares (in shares) 2,865.9 2,932.1 2,891.2 2,951.0