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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 22,039 $ 21,742
Deposits with banks 290,103 321,596
Federal funds sold and securities purchased under resale agreements (included $472,506 and $327,018 at fair value) 482,704 336,426
Securities borrowed (included $105,987 and $98,111 at fair value) 284,524 286,191
Trading assets (included assets pledged of $255,035 and $165,927) 1,069,335 802,873
Available-for-sale securities (amortized cost of $552,160 and $507,226; included assets pledged of $9,416 and $7,735) 549,037 507,198
Held-to-maturity securities 272,142 270,134
Investment securities, net of allowance for credit losses 821,179 777,332
Loans (included $62,255 and $70,684 at fair value) 1,503,520 1,493,429
Allowance for loan losses (25,928) (25,765)
Loans, net of allowance for loan losses 1,477,592 1,467,664
Accrued interest and accounts receivable 142,334 111,599
Premises and equipment 36,771 36,244
Goodwill, MSRs and other intangible assets 64,289 64,458
Other assets (included $21,292 and $15,849 at fair value and assets pledged of $18,279 and $11,984) 209,605 198,775
Total assets [1] 4,900,475 4,424,900
Liabilities    
Deposits (included $19,803 and $20,930 at fair value) 2,675,520 2,559,320
Federal funds purchased and securities loaned or sold under repurchase agreements (included $620,136 and $360,194 at fair value) 716,623 442,396
Short-term borrowings (included $28,937 and $32,460 at fair value) 68,048 64,776
Trading liabilities 247,836 216,019
Accounts payable and other liabilities (included $10,738 and $6,660 at fair value) 352,561 316,794
Beneficial interests issued by consolidated VIEs (included $5 and $5 at fair value) 27,085 27,951
Long-term debt (included $144,704 and $134,559 at fair value) 448,764 435,206
Total liabilities [1] 4,536,437 4,062,462
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 20,045
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 90,087 91,114
Retained earnings 428,206 416,055
Accumulated other comprehensive losses (6,689) (4,290)
Treasury stock, at cost (1,425,422,477 and 1,408,661,319 shares) (171,716) (164,591)
Total stockholders’ equity 364,038 362,438
Total liabilities and stockholders’ equity 4,900,475 4,424,900
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $255,035 and $165,927) 4,689 4,835
Loans, net of allowance for loan losses 35,452 37,777
Other assets (included $21,292 and $15,849 at fair value and assets pledged of $18,279 and $11,984) 738 683
Total assets 40,879 43,295
Liabilities    
Beneficial interests issued by consolidated VIEs (included $5 and $5 at fair value) 27,085 27,951
All other liabilities 637 691
Total liabilities $ 27,722 $ 28,642
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 2026 and December 31, 2025. 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)March 31, 2026December 31, 2025
Assets
Trading assets$4,689 $4,835 
Loans35,452 37,777 
All other assets738 683 
Total assets$40,879 $43,295 
Liabilities
Beneficial interests issued by consolidated VIEs$27,085 $27,951 
All other liabilities637 691 
Total liabilities$27,722 $28,642