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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net income $ 57,048 $ 58,471 $ 49,552
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 14,212 10,678 9,320
Depreciation and amortization 8,821 7,938 7,512
Deferred tax (benefit)/expense 5,611 2,004 (4,534)
Estimated bargain purchase gain associated with the First Republic acquisition 0 (103) (2,775)
Initial gain on the Visa share exchange 0 (7,990) 0
Other 1,309 1,985 4,301
Originations and purchases of loans held-for-sale (260,772) (212,238) (115,245)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 235,232 205,303 116,430
Net change in:      
Trading assets (156,461) (95,729) (74,091)
Securities borrowed (66,648) (18,762) (14,902)
Accrued interest and accounts receivable (11,514) 5,735 19,928
Other assets (12,582) (7,650) 32,970
Trading liabilities 23,134 2,276 5,315
Accounts payable and other liabilities 5,270 (90) (25,388)
Other operating adjustments 9,558 6,160 4,581
Net cash (used in)/provided by operating activities (147,782) (42,012) 12,974
Net change in:      
Federal funds sold and securities purchased under resale agreements (41,264) (18,706) 39,740
Held-to-maturity securities:      
Proceeds from paydowns and maturities 54,791 99,363 53,056
Purchases (5,432) (4,709) (4,141)
Available-for-sale securities:      
Proceeds from paydowns and maturities 37,414 38,499 53,744
Proceeds from sales 141,295 104,625 108,434
Purchases (308,772) (352,712) (115,499)
Proceeds from sales and securitizations of loans held-for-investment 57,565 57,921 47,312
Other changes in loans, net (188,497) (83,176) (88,343)
Net cash used in First Republic Acquisition 0 (2,362) (9,920)
All other investing activities, net (12,665) (2,146) (16,740)
Net cash (used in)/provided by investing activities (265,565) (163,403) 67,643
Net change in:      
Deposits 153,168 3,299 (32,196)
Federal funds purchased and securities loaned or sold under repurchase agreements 145,535 80,288 13,801
Short-term borrowings 9,422 7,439  
Short-term borrowings     (1,934)
Beneficial interests issued by consolidated VIEs (622) 1,543 9,029
Proceeds from long-term borrowings 120,761 109,915 75,417
Payments of long-term borrowings (108,100) (96,605) (64,880)
Proceeds from issuance of preferred stock 3,000 2,500 0
Redemption of preferred stock (3,000) (9,850) 0
Treasury stock repurchased (31,591) (18,830) (9,824)
Dividends paid (16,625) (14,783) (13,463)
All other financing activities, net (2,415) (1,469) (1,521)
Net cash provided by/(used in) financing activities 269,533 63,447 (25,571)
Effect of exchange rate changes on cash and due from banks and deposits with banks 17,835 (12,866) 1,871
Net increase/(decrease) in cash and due from banks and deposits with banks (125,979) (154,834) 56,917
Cash and due from banks and deposits with banks at the beginning of the period 469,317 624,151 567,234
Cash and due from banks and deposits with banks at the end of the period 343,338 469,317 624,151
Cash interest paid 96,436 99,642 77,114
Cash income taxes paid, net $ 5,309 $ 11,715 $ 9,908