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Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)
 3 Months Ended
Mar. 31, 2026
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]  
Off-balance sheet lending related financial instruments, guarantees and other commitments
The following table summarizes the contractual amounts and carrying values of off-balance sheet lending-related financial instruments, guarantees and other commitments at March 31, 2026 and December 31, 2025. The amounts in the table below for credit card, home equity and certain scored business banking lending-related commitments represent the total available credit for these products. The Firm has not experienced, and does not anticipate, that all available lines of credit for these commitments will be utilized at the same time. The Firm can generally reduce or cancel these commitments, in accordance with the contract, or to the extent otherwise permitted by law, including when there has been a demonstrable decline in the creditworthiness of the borrower or significant decrease in the value of underlying property.
Off–balance sheet lending-related financial instruments, guarantees and other commitments
Contractual amount
Carrying value(i)(j)
March 31, 2026Dec 31,
2025		Mar 31,
2026		Dec 31,
2025
By remaining maturity
(in millions)		Expires in 1 year or lessExpires after
1 year through
3 years		Expires after
3 years through
5 years		Expires after 5 yearsTotalTotal
Lending-related
Consumer, excluding credit card:
Residential Real Estate(a)
$16,624 $5,285 $3,378 $6,200 $31,487 $28,998 $336 $327 
Auto and other10,872 5 4 3,868 14,749 14,589 10 10 
Total consumer, excluding credit card27,496 5,290 3,382 10,068 46,236 43,587 346 337 
Credit card(b)
1,099,787 104,229 
(h)
— — 1,204,016 1,177,766 
(h)
2,200 
(k)
2,200 
(k)
Total consumer(c)
1,127,283 109,519 3,382 10,068 1,250,252 1,221,353 2,546 2,537 
Wholesale:
Other unfunded commitments to extend credit(d)
140,025 179,650 220,847 27,555 568,077 561,506 3,030 3,112 
Standby letters of credit and other financial guarantees(d)
16,677 9,505 4,753 387 31,322 29,919 661 616 
Other letters of credit(d)
5,024 219 77 203 5,523 4,529 12 13 
Total wholesale(c)
161,726 189,374 225,677 28,145 604,922 595,954 3,703 3,741 
Total lending-related$1,289,009 $298,893 $229,059 $38,213 $1,855,174 $1,817,307 $6,249 $6,278 
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)
$449,554 $— $— $— $449,554 $405,910 $— $— 
Derivatives qualifying as guarantees1,812 166 9,285 37,717 48,980 49,031 76 (12)
Unsettled resale and securities borrowed agreements
155,650 221 — — 155,871 137,072 

(8)— 
Unsettled repurchase and securities loaned agreements
141,586 576 — — 142,162 52,895 — — 
Loan sale and securitization-related indemnifications:
Mortgage repurchase liabilityNANANANANANA37 37 
Loans sold with recourseNANANANA2,048 2,015 19 19 
Exchange & clearing house guarantees and commitments(f)
237,734 NANANA237,734 433,537 — — 
Other guarantees and commitments(g)
15,448 5,877 245 1,505 23,075 13,238 14 15 
(a)Includes certain commitments to purchase loans from correspondents.
(b)Also includes commercial card lending-related commitments primarily in CIB.
(c)Predominantly all consumer and wholesale lending-related commitments are in the U.S.
(d)As of March 31, 2026 and December 31, 2025, reflected the contractual amount net of risk participations totaling $118 million and $181 million, respectively, for other unfunded commitments to extend credit; $11.6 billion and $9.2 billion, respectively, for standby letters of credit and other financial guarantees; $773 million and $514 million, respectively, for other letters of credit. In regulatory filings with the Federal Reserve these commitments are shown gross of risk participations.
(e)As of March 31, 2026 and December 31, 2025, collateral held by the Firm in support of securities lending indemnification agreements was $474.8 billion and $431.9 billion, respectively. Securities lending collateral primarily consists of cash, G7 government securities, and securities issued by U.S. GSEs and government agencies.
(f)As of March 31, 2026 and December 31, 2025, includes guarantees to the Fixed Income Clearing Corporation under the sponsored member repo program and commitments and guarantees associated with the Firm’s membership in certain clearing houses.
(g)As of March 31, 2026 and December 31, 2025, primarily includes equity investment commitments, unfunded commitments to purchase secondary market loans, and unfunded commitments related to certain tax-oriented equity investments.
(h)Included approximately $104 billion related to the Apple Card transaction. Refer to Note 28 of the Firm's 2025 Form 10-K for additional information.
(i)For lending-related products, the carrying value includes the allowance for lending-related commitments and the guarantee liability; for derivative-related products, and lending-related commitments for which the fair value option was elected, the carrying value represents the fair value.
(j)For lending-related commitments, the carrying value also includes fees and any purchase discounts or premiums that are deferred and recognized in accounts payable and other liabilities on the Consolidated balance sheets. Deferred amounts for revolving commitments and commitments not expected to fund, are amortized to lending- and deposit-related fees on a straight line basis over the commitment period. For all other commitments the deferred amounts remain deferred until the commitment funds or is sold.
(k)Represents the allowance for lending-related commitments related to the Apple Card transaction. Refer to Note 13 of the Firm's 2025 Form 10-K for additional information.
Standby letters of credit, other financial guarantees and other letters of credit
The following table summarizes the contractual amount and carrying value of standby letters of credit and other financial guarantees and other letters of credit arrangements as of March 31, 2026 and December 31, 2025.
Standby letters of credit, other financial guarantees and other letters of credit
March 31, 2026December 31, 2025
(in millions)Standby letters of
credit and other financial guarantees		Other letters
of credit		Standby letters of
credit and other financial guarantees		Other letters
of credit
Investment-grade(a)
$21,579 $3,906 $20,535 $3,187 
Noninvestment-grade(a)
9,743 1,617 9,384 1,342 
Total contractual amount$31,322 $5,523 $29,919 $4,529 
Allowance for lending-related commitments$207 $12 $175 $13 
Guarantee liability454 — 441 — 
Total carrying value$661 $12 $616 $13 
Commitments with collateral$18,003 $561 $16,969 $540 
(a)The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 11 for further information on internal risk ratings.
Derivatives qualifying as guarantees
The following table summarizes the derivatives qualifying as guarantees as of March 31, 2026 and December 31, 2025.
(in millions)March 31, 2026December 31, 2025
Notional amounts
Derivative guarantees$48,980 $49,031 
Stable value contracts with contractually limited exposure35,517 35,462 
Maximum exposure of stable value contracts with contractually limited exposure1,313 1,312 
Fair value
Derivative guarantees
76 (12)