Interest Income and Interest Expense (Tables)

3 Months Ended

Mar. 31, 2026

Interest Income (Expense), Operating [Abstract]

Details of interest income and interest expense

The following table presents the components of interest income and interest expense.

	Three months ended March 31,
(in millions)	2026		2025
Interest income
Loans(a)	$	24,024	$	22,420
Taxable securities	6,975		5,992
Non-taxable securities(b)	282		270
Total investment securities(a)	7,257		6,262
Trading assets - debt instruments	7,221		5,557
Federal funds sold and securities purchased under resale agreements	4,185		4,216
Securities borrowed	2,368		2,307
Deposits with banks	2,317		4,139
All other interest-earning assets(c)	1,819		1,952
Total interest income	$	49,191	$	46,853
Interest expense
Interest-bearing deposits	$	10,284	$	11,077
Federal funds purchased and securities loaned or sold under repurchase agreements	6,145		5,189
Short-term borrowings	525		535
Trading liabilities – debt and all other interest-bearing liabilities(d)	2,263		2,091
Long-term debt	4,342		4,392
Beneficial interest issued by consolidated VIEs	266		296
Total interest expense	$	23,825	$	23,580
Net interest income	$	25,366	$	23,273
Provision for credit losses	2,507		3,305
Net interest income after provision for credit losses	$	22,859	$	19,968

(a)Includes the amortization and accretion of purchase premiums and discounts, as well as net deferred fees and costs on loans.

(b)Represents securities that are tax-exempt for U.S. federal income tax purposes.

(c)Includes interest earned on brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets which are classified in other assets on the Consolidated balance sheets.

(d)All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.