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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Investment banking fees $ 8,910 $ 6,519 $ 6,686
Principal transactions 24,787 24,460 19,912
Lending- and deposit-related fees 7,606 7,413 7,098
Asset management fees 17,801 15,220 14,096
Commissions and other fees 7,530 6,836 6,581
Investment securities losses (1,021) (3,180) (2,380)
Mortgage fees and related income 1,401 1,176 1,250
Card income 5,497 4,784 4,420
Other income 12,462 5,609 4,322
Noninterest revenue 84,973 68,837 61,985
Interest income 193,933 170,588 92,807
Interest expense 101,350 81,321 26,097
Net interest income 92,583 89,267 66,710
Total net revenue 177,556 158,104 128,695
Provision for credit losses 10,678 9,320 6,389
Noninterest expense      
Compensation expense 51,357 46,465 41,636
Occupancy expense 5,026 4,590 4,696
Technology, communications and equipment expense 9,831 9,246 9,358
Professional and outside services 11,057 10,235 10,174
Marketing 4,974 4,591 3,911
Other expense 9,552 12,045 6,365
Total noninterest expense 91,797 87,172 76,140
Income/(loss) before income tax expense/(benefit) 75,081 61,612 46,166
Income tax expense 16,610 12,060 8,490
Net income/(loss) 58,471 49,552 37,676
Basic net income applicable to common stockholders 56,868 47,760 35,892
Diluted net income applicable to common stockholders $ 56,868 $ 47,760 $ 35,892
Net income per common share data      
Basic earnings per share (in dollars per share) $ 19.79 $ 16.25 $ 12.10
Diluted earnings per share (in dollars per share) $ 19.75 $ 16.23 $ 12.09
Weighted-average basic shares (in shares) 2,873.9 2,938.6 2,965.8
Weighted-average diluted shares (in shares) 2,879.0 2,943.1 2,970.0