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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
Allowance for credit losses on financing receivables
The table below summarizes information about the allowances for credit losses and includes a breakdown of loans and lending-related commitments by impairment methodology. Refer to Note 10 for further information on the allowance for credit losses on investment securities.
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2025
Year ended December 31,
(in millions)		Consumer,
excluding
credit card		Credit cardWholesaleTotal
Allowance for loan losses
Beginning balance at January 1,$1,807 $14,600 $7,938 $24,345 
Cumulative effect of a change in accounting principle(a)
NANANANA
Gross charge-offs1,089 

9,164 1,787 12,040 
Gross recoveries collected(510)(1,492)(189)(2,191)
Net charge-offs579 

7,672 1,598 9,849 
Provision for loan losses692 8,629 1,943 11,264 
Other
— 

— 5 5 
Ending balance at December 31,$1,920 $15,557 $8,288 $25,765 
Allowance for lending-related commitments
Beginning balance at January 1,
$82 $— $2,019 $2,101 
Provision for lending-related commitments
1 2,200 
(f)
768 2,969 
Other
— — 1 1 
Ending balance at December 31,$83 $2,200 $2,788 $5,071 
Total allowance for investment securitiesNANANA$106 
Total allowance for credit losses(b)
$2,003 $17,757 $11,076 $30,942 
Allowance for loan losses by impairment methodology
Asset-specific(c)
$(647)$— $707 $60 
Portfolio-based2,567 15,557 7,581 25,705 
Total allowance for loan losses$1,920 $15,557 $8,288 $25,765 
Loans by impairment methodology
Asset-specific(c)
$3,457 $— $4,391 $7,848 
Portfolio-based365,284 247,797 787,976 1,401,057 
Total retained loans$368,741 $247,797 $792,367 $1,408,905 
Collateral-dependent loans
Net charge-offs$7 

$— $542 $549 
Loans measured at fair value of collateral less cost to sell
3,412 — 1,852 5,264 
Allowance for lending-related commitments by impairment methodology
Asset-specific
$— $— $119 $119 
Portfolio-based83 2,200 
(f)
2,669 4,952 
Total allowance for lending-related commitments(d)
$83 $2,200 $2,788 $5,071 
Lending-related commitments by impairment methodology
Asset-specific
$— $— $925 $925 
Portfolio-based(e)
24,358 23,617 
(g)
555,047 603,022 
Total lending-related commitments
$24,358 $23,617 $555,972 $603,947 
(a)Represents the impact to the allowance for loan losses upon the adoption of the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance. Refer to Note 1 for further information.
(b)At December 31, 2025, 2024 and 2023, in addition to the allowance for credit losses in the table above, the Firm also had an allowance for credit losses of $288 million, $268 million and $243 million, respectively, associated with certain accounts receivable in CIB.
(c)Includes collateral-dependent loans, including those for which foreclosure is deemed probable, and nonaccrual risk-rated loans.
(d)The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets.
(e)At December 31, 2025, 2024 and 2023, lending-related commitments excluded $19.2 billion, $19.2 billion and $17.2 billion, respectively, for the consumer, excluding credit card portfolio segment; $1.2 trillion, $1.0 trillion and $915.7 billion, respectively, for the credit card portfolio segment; and $40.0 billion, $20.5 billion and $19.7 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments.
(f)Represents the impact of the Apple Card transaction.
(g)Includes estimated drawn loans related to the Apple Card transaction at the time that the transaction is expected to close of approximately $23 billion.
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20242023
Consumer,
excluding
credit card		Credit cardWholesaleTotalConsumer,
excluding
credit card		Credit cardWholesaleTotal
$1,856 $12,450 $8,114 $22,420 $2,040 $11,200 $6,486 $19,726 
NANANANA(489)(100)2 (587)
1,299 8,198 1,022 10,519 1,151 5,491 1,011 7,653 
(625)(1,056)(200)(1,881)(519)(793)(132)(1,444)
674 7,142 822 8,638 632 4,698 879 6,209 
624 9,292 578 10,494 936 6,048 2,484 9,468 
1 — 68 69 1 — 21 22 
$1,807 $14,600 $7,938 $24,345 $1,856 $12,450 $8,114 $22,420 
$75 $— $1,899 $1,974 $76 $— $2,306 $2,382 
7 — 121 128 (1)— (407)(408)
— — (1)(1)— — — — 
$82 $— $2,019 $2,101 $75 $— $1,899 $1,974 
NANANA$152NANANA$128 
$1,889 $14,600 $9,957 $26,598 $1,931 $12,450 $10,013 $24,522 
$(728)$— $526 $(202)$(876)$— $392 $(484)
2,535 14,600 7,412 24,547 2,732 12,450 7,722 22,904 
$1,807 $14,600 $7,938 $24,345 $1,856 $12,450 $8,114 $22,420 
$2,805 $— $3,912 $6,717 $3,287 $— $2,338 $5,625 
373,529 232,860 686,484 1,292,873 393,988 211,123 670,134 1,275,245 
$376,334 $232,860 $690,396 $1,299,590 $397,275 $211,123 $672,472 $1,280,870 
$1 $— $324 $325 $6 $— $180 $186 
2,696 — 1,834 4,530 3,216 — 1,012 4,228 
$— $— $109 $109 $— $— $89 $89 
82 — 1,910 1,992 75 — 1,810 1,885 
$82 $— $2,019 $2,101 $75 $— $1,899 $1,974 
$— $— $737 $737 $— $— $464 $464 
25,608 19 510,254 

535,881 28,248 — 516,577 544,825 
$25,608 $19 $510,991 $536,618 $28,248 $— $517,041 $545,289 
U.S. unemployment rates and cumulative change in U.S. real GDP
The following table presents the Firm’s central case assumptions for the periods presented:
Central case assumptions
at December 31, 2025
2Q264Q262Q27
U.S. unemployment rate(a)
4.6 %4.4 %4.2 %
YoY growth in U.S. real GDP(b)
2.0 %1.8 %1.9 %
Central case assumptions
at December 31, 2024
2Q254Q252Q26
U.S. unemployment rate(a)
4.5 %4.3 %4.3 %
YoY growth in U.S. real GDP(b)
2.0 %1.9 %1.8 %
(a)Reflects quarterly average of forecasted U.S. unemployment rate.
(b)The year over year growth in U.S. real GDP in the forecast horizon of the central scenario is calculated as the percentage change in U.S. real GDP levels from the prior year.