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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 44,023 $ 44,466
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 9,557 8,047
Depreciation and amortization 6,509 5,973
Deferred tax (benefit)/expense 4,151 (243)
Estimated bargain purchase gain associated with the First Republic acquisition 0 (103)
Initial gain on the Visa share exchange 0 (7,990)
Other 1,148 1,716
Originations and purchases of loans held-for-sale (183,408) (160,573)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 171,286 148,287
Net change in:    
Trading assets (304,983) (237,756)
Securities borrowed (28,828) (51,688)
Accrued interest and accounts receivable (41,383) (15,491)
Other assets (7,559) (1,470)
Trading liabilities 48,148 53,495
Accounts payable and other liabilities 5,984 17,399
Other operating adjustments 7,849 6,161
Net cash (used in) operating activities (267,506) (189,770)
Net change in:    
Federal funds sold and securities purchased under resale agreements (130,648) (114,402)
Held-to-maturity securities:    
Proceeds from paydowns and maturities 30,948 72,354
Purchases (4,840) (2,358)
Available-for-sale securities:    
Proceeds from paydowns and maturities 24,764 22,409
Proceeds from sales 117,305 84,394
Purchases (257,127) (233,063)
Proceeds from sales and securitizations of loans held-for-investment 40,946 43,793
Other changes in loans, net (124,402) (52,997)
Net cash used in the First Republic acquisition 0 (2,362)
All other investing activities, net (9,393) 1,209
Net cash (used in) investing activities (312,447) (181,023)
Net change in:    
Deposits 139,554 22,266
Federal funds purchased and securities loaned or sold under repurchase agreements 270,714 172,755
Short-term borrowings 14,165 5,355
Beneficial interests issued by consolidated VIEs 63 (3)
Proceeds from long-term borrowings 85,014 78,949
Payments of long-term borrowings (78,612) (67,380)
Proceeds from issuance of preferred stock 3,000 2,500
Redemption of preferred stock (3,000) (8,250)
Treasury stock repurchased (23,327) (14,529)
Dividends paid (12,208) (10,925)
All other financing activities, net (2,273) (1,586)
Net cash provided by financing activities 393,090 179,152
Effect of exchange rate changes on cash and due from banks and deposits with banks 20,982 1,750
Net decrease in cash and due from banks and deposits with banks (165,881) (189,891)
Cash and due from banks and deposits with banks at the beginning of the period 469,317 624,151
Cash and due from banks and deposits with banks at the end of the period 303,436 434,260
Cash interest paid 72,779 74,794
Cash income taxes paid, net $ 3,173 $ 8,870