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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income $ 16,494 $ 14,643
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 2,507 3,305
Depreciation and amortization 2,364 2,030
Deferred tax (benefit)/expense 123 524
Other 513 600
Originations and purchases of loans held-for-sale (57,663) (68,533)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 64,432 62,724
Net change in:    
Trading assets (272,429) (231,665)
Securities borrowed 1,656 (19,156)
Accrued interest and accounts receivable (31,294) (17,070)
Other assets (11,614) 7,578
Trading liabilities 35,793 (10,486)
Accounts payable and other liabilities 36,857 1,276
Other operating adjustments 500 2,391
Net cash (used in) operating activities (211,761) (251,839)
Net change in:    
Federal funds sold and securities purchased under resale agreements (146,278) (134,479)
Held-to-maturity securities:    
Proceeds from paydowns and maturities 17,343 11,341
Purchases (19,574) (1,628)
Available-for-sale securities:    
Proceeds from paydowns and maturities 11,705 10,709
Proceeds from sales 42,640 55,847
Purchases (101,040) (53,721)
Proceeds from sales and securitizations of loans held-for-investment 11,585 11,960
Other changes in loans, net (31,078) (16,134)
All other investing activities, net (3,072) (1,971)
Net cash (used in) investing activities (217,769) (118,076)
Net change in:    
Deposits 120,390 85,029
Federal funds purchased and securities loaned or sold under repurchase agreements 274,236 236,204
Short-term borrowings 3,438 10,817
Beneficial interests issued by consolidated VIEs (1,322) (2,431)
Proceeds from long-term borrowings 49,898 29,927
Payments of long-term borrowings (31,938) (28,457)
Proceeds from issuance of preferred stock 0 3,000
Redemption of preferred stock 0 (3,000)
Treasury stock repurchased (8,325) (7,528)
Dividends paid (4,374) (3,823)
All other financing activities, net (1,326) (1,679)
Net cash provided by financing activities 400,677 318,059
Effect of exchange rate changes on cash and due from banks and deposits with banks (2,343) 8,442
Net decrease in cash and due from banks and deposits with banks (31,196) (43,414)
Cash and due from banks and deposits with banks at the beginning of the period 343,338 469,317
Cash and due from banks and deposits with banks at the end of the period 312,142 425,903
Cash interest paid 23,414 23,587
Cash income taxes paid, net $ 917 $ 1,651