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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 23,759 $ 23,372
Deposits with banks 396,568 445,945
Federal funds sold and securities purchased under resale agreements (included $447,781 and $286,771 at fair value) 470,589 295,001
Securities borrowed (included $96,645 and $83,962 at fair value) 223,976 219,546
Trading assets (included assets pledged of $216,580 and $136,070) 889,856 637,784
Available-for-sale securities (amortized cost of $488,593 and $411,045; included assets pledged of $11,856 and $10,162) 485,380 406,852
Held-to-maturity securities 260,559 274,468
Investment securities, net of allowance for credit losses 745,939 681,320
Loans (included $53,300 and $41,350 at fair value) 1,411,992 1,347,988
Allowance for loan losses (24,953) (24,345)
Loans, net of allowance for loan losses 1,387,039 1,323,643
Accrued interest and accounts receivable 124,463 101,223
Premises and equipment 33,562 32,223
Goodwill, MSRs and other intangible assets 64,465 64,560
Other assets (included $17,978 and $15,122 at fair value and assets pledged of $7,334 and $6,288) 192,266 178,197
Total assets [1] 4,552,482 4,002,814
Liabilities    
Deposits (included $41,635 and $33,768 at fair value) 2,562,380 2,406,032
Federal funds purchased and securities loaned or sold under repurchase agreements (included $525,477 and $226,329 at fair value) 595,340 296,835
Short-term borrowings (included $36,399 and $26,521 at fair value) 65,293 52,893
Trading liabilities 221,402 192,883
Accounts payable and other liabilities (included $8,935 and $5,893 at fair value) 303,641 280,672
Beneficial interests issued by consolidated VIEs (included $7 and $1 at fair value) 27,700 27,323
Long-term debt (included $118,357 and $100,780 at fair value) 419,802 401,418
Total liabilities [1] 4,195,558 3,658,056
Commitments and contingencies (refer to Notes 22, 23 and 24)
Stockholders’ equity    
Preferred stock ($1 par value; authorized 200,000,000 shares; issued 2,005,375 and 2,005,375 shares) 20,045 20,050
Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares) 4,105 4,105
Additional paid-in capital 90,576 90,911
Retained earnings 397,424 376,166
Accumulated other comprehensive losses (7,243) (12,456)
Treasury stock, at cost (1,355,180,041 and 1,307,313,494 shares) (147,983) (134,018)
Total stockholders’ equity 356,924 344,758
Total liabilities and stockholders’ equity 4,552,482 4,002,814
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $216,580 and $136,070) 4,143 3,885
Loans, net of allowance for loan losses 38,434 36,510
Other assets (included $17,978 and $15,122 at fair value and assets pledged of $7,334 and $6,288) 632 681
Total assets 43,209 41,076
Liabilities    
Beneficial interests issued by consolidated VIEs (included $7 and $1 at fair value) 27,700 27,323
All other liabilities 468 454
Total liabilities $ 28,168 $ 27,777
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at June 30, 2025 and December 31, 2024. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorganChase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. Refer to Note 13 for a further discussion.
(in millions)June 30, 2025December 31, 2024
Assets
Trading assets$4,143 $3,885 
Loans38,434 36,510 
All other assets632 681 
Total assets$43,209 $41,076 
Liabilities
Beneficial interests issued by consolidated VIEs$27,700 $27,323 
All other liabilities468 454 
Total liabilities$28,168 $27,777