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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 21,742 $ 23,372
Deposits with banks 321,596 445,945
Federal funds sold and securities purchased under resale agreements (included $327,018 and $286,771 at fair value) 336,426 295,001
Securities borrowed (included $98,111 and $83,962 at fair value) 286,191 219,546
Trading assets (included assets pledged of $165,927 and $136,070) 802,873 637,784
Available-for-sale securities (amortized cost of $507,226 and $411,045; included assets pledged of $7,735 and $10,162) 507,198 406,852
Held-to-maturity securities 270,134 274,468
Investment securities, net of allowance for credit losses 777,332 681,320
Loans (included $70,684 and $41,350 at fair value) 1,493,429 1,347,988
Allowance for loan losses (25,765) (24,345)
Loans, net of allowance for loan losses 1,467,664 1,323,643
Accrued interest and accounts receivable 111,599 101,223
Premises and equipment 36,244 32,223
Goodwill, MSRs and other intangible assets 64,458 64,560
Other assets (included $15,849 and $15,122 at fair value and assets pledged of $11,984 and $6,288) 198,775 178,197
Total assets [1] 4,424,900 4,002,814
Liabilities    
Deposits (included $20,930 and $33,768 at fair value) 2,559,320 2,406,032
Federal funds purchased and securities loaned or sold under repurchase agreements (included $360,194 and $226,329 at fair value) 442,396 296,835
Short-term borrowings (included $32,460 and $26,521 at fair value) 64,776 52,893
Trading liabilities 216,019 192,883
Accounts payable and other liabilities (included $6,660 and $5,893 at fair value) 316,794 280,672
Beneficial interests issued by consolidated VIEs (included $5 and $1 at fair value) 27,951 27,323
Long-term debt (included $134,559 and $100,780 at fair value) 435,206 401,418
Total liabilities [1] 4,062,462 3,658,056
Commitments and contingencies (refer to Notes 28, 29 and 30)
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 91,114 90,911
Retained earnings 416,055 376,166
Accumulated other comprehensive losses (4,290) (12,456)
Treasury stock, at cost (1,408,661,319 and 1,307,313,494 shares) (164,591) (134,018)
Total stockholders’ equity 362,438 344,758
Total liabilities and stockholders’ equity 4,424,900 4,002,814
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $165,927 and $136,070) 4,835 3,885
Loans, net of allowance for loan losses 37,777 36,510
Other assets (included $15,849 and $15,122 at fair value and assets pledged of $11,984 and $6,288) 683 681
Total assets 43,295 41,076
Liabilities    
Beneficial interests issued by consolidated VIEs (included $5 and $1 at fair value) 27,951 27,323
All other liabilities 691 454
Total liabilities $ 28,642 $ 27,777
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2025 and 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 14 for a further discussion.
December 31, (in millions)20252024
Assets
Trading assets$4,835 $3,885 
Loans37,777 36,510 
All other assets683 681 
Total assets$43,295 $41,076 
Liabilities
Beneficial interests issued by consolidated VIEs$27,951 $27,323 
All other liabilities691 454 
Total liabilities$28,642 $27,777