Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Calculation of earnings per share basic and diluted

The following table presents the calculation of basic and diluted EPS for the three months ended March 31, 2026 and 2025.

(in millions, except per share amounts)	Three months ended March 31,
	2026		2025
Basic earnings per share
Net income	$	16,494	$	14,643
Less: Preferred stock dividends	276		255
Net income applicable to common equity	16,218		14,388
Less: Dividends and undistributed earnings allocated to participating securities	70		71
Net income applicable to common stockholders	$	16,148	$	14,317
Total weighted-average basic shares   outstanding	2,716.2		2,819.4
Net income per share	$	5.95	$	5.08
Diluted earnings per share
Net income applicable to common stockholders	$	16,148	$	14,317
Total weighted-average basic shares   outstanding	2,716.2		2,819.4
Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs	4.0		4.9
Total weighted-average diluted shares outstanding	2,720.2		2,824.3
Net income per share	$	5.94	$	5.07