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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 21,821 $ 23,372
Deposits with banks 281,615 445,945
Federal funds sold and securities purchased under resale agreements (included $404,609 and $286,771 at fair value) 425,815 295,001
Securities borrowed (included $104,757 and $83,962 at fair value) 248,368 219,546
Trading assets (included assets pledged of $242,201 and $136,070) 952,777 637,784
Available-for-sale securities (amortized cost of $492,300 and $411,045; included assets pledged of $7,238 and $10,162) 490,499 406,852
Held-to-maturity securities 293,446 274,468
Investment securities, net of allowance for credit losses 783,945 681,320
Loans (included $54,686 and $41,350 at fair value) 1,435,246 1,347,988
Allowance for loan losses (25,735) (24,345)
Loans, net of allowance for loan losses 1,409,511 1,323,643
Accrued interest and accounts receivable 141,876 101,223
Premises and equipment 35,063 32,223
Goodwill, MSRs and other intangible assets 64,442 64,560
Other assets (included $17,141 and $15,122 at fair value and assets pledged of $6,472 and $6,288) 194,972 178,197
Total assets [1] 4,560,205 4,002,814
Liabilities    
Deposits (included $36,018 and $33,768 at fair value) 2,548,476 2,406,032
Federal funds purchased and securities loaned or sold under repurchase agreements (included $489,189 and $226,329 at fair value) 567,574 296,835
Short-term borrowings (included $36,638 and $26,521 at fair value) 69,355 52,893
Trading liabilities 242,262 192,883
Accounts payable and other liabilities (included $8,157 and $5,893 at fair value) 316,896 280,672
Beneficial interests issued by consolidated VIEs (included $8 and $1 at fair value) 28,227 27,323
Long-term debt (included $124,178 and $100,780 at fair value) 427,203 401,418
Total liabilities [1] 4,199,993 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 90,865 90,911
Retained earnings 407,401 376,166
Accumulated other comprehensive losses (5,878) (12,456)
Treasury stock, at cost (1,382,671,600 and 1,307,313,494 shares) (156,326) (134,018)
Total stockholders’ equity 360,212 344,758
Total liabilities and stockholders’ equity 4,560,205 4,002,814
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $242,201 and $136,070) 4,200 3,885
Loans, net of allowance for loan losses 38,026 36,510
Other assets (included $17,141 and $15,122 at fair value and assets pledged of $6,472 and $6,288) 663 681
Total assets 42,889 41,076
Liabilities    
Beneficial interests issued by consolidated VIEs (included $8 and $1 at fair value) 28,227 27,323
All other liabilities 610 454
Total liabilities $ 28,837 $ 27,777
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at September 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)September 30, 2025December 31, 2024
Assets
Trading assets$4,200 $3,885 
Loans38,026 36,510 
All other assets663 681 
Total assets$42,889 $41,076 
Liabilities
Beneficial interests issued by consolidated VIEs$28,227 $27,323 
All other liabilities610 454 
Total liabilities$28,837 $27,777