Exhibit 99.2 Second Quarter 2023 Earnings Results Presentation July 19, 2023

Results Snapshot Net Revenues Net Earnings EPS 2Q23 $10.90 billion 2Q23 $1.22 billion 2Q23 $3.08 2Q23 YTD $23.12 billion 2Q23 YTD $4.45 billion 2Q23 YTD $11.91 1 1 Annualized ROE Annualized ROTE Book Value Per Share 2Q23 4.0% 2Q23 4.4% 2Q23 $309.33 2Q23 YTD 7.8% 2Q23 YTD 8.5% YTD Growth 1.9% 5 Highlights Selected Items $ in millions, 2 #1 in M&A, Equity & equity-related offerings, HY debt offerings except per share amounts 2Q23 Pre-tax earnings: $ 154 Marcus loans portfolio Strong Equities performance, including record financing net revenues 6 AWM historical principal investments (1,151) 3,4 (677) GreenSky Record AUS of $2.71 trillion (1,674) Total impact to pre-tax earnings $ Impact to net earnings $ (1,372) Record Management and other fees of $2.35 billion Impact to EPS $ (3.95) (5.2)pp Impact to annualized ROE Increased quarterly dividend by 10% to $2.75 per common share in 3Q23 1

Financial Overview Financial Results Financial Overview Highlights vs.n 2Q23 results included EPS of $3.08 and ROE of 4.0% vs. vs. 2Q23 2Q22 $ in millions, — 2Q23 net revenues were lower YoY in Global Banking & Markets and Asset & Wealth except per share amounts 2Q23 1Q23 2Q22 YTD YTD Management and higher in Platform Solutions $ 7,189 (15)% (14)% $ 15,633 (15)% Global Banking & Markets — 2Q23 provision for credit losses was $615 million, reflecting net provisions related to the credit card and point-of-sale loan portfolios, driven by net charge-offs and growth, and individual impairments on wholesale loans, partially offset by a reserve reduction related to Asset & Wealth Management 3,047 (5)% (4)% 6,263 8% the repayment of a term deposit with First Republic Bank — 2Q23 operating expenses were higher YoY, driven by an impairment of goodwill of $504 659 17% 92% 1,223 100% Platform Solutions million related to Consumer platforms and impairments of ~$485 million related to consolidated real estate investments 10,895 (11)% (8)% 23,119 (7)% Net revenues 615 N.M. (8)% 444 (64)% Provision for credit losses Net Revenues by Segment ($ in millions) 8,544 2% 12% 16,946 10% Operating expenses $ 1,736 (57)% (51)% $ 5,729 (30)% Pre-tax earnings $12,224 $11,864 $10,895 $ 1,216 (62)% (58)% $ 4,450 (35)% Net earnings Global Banking $ 1,071 (65)% (62)% $ 4,158 (37)% & Markets Net earnings to common $8,444 $8,342 Diluted EPS $ 3.08 (65)% (60)% $ 11.91 (36)% $7,189 Asset & Wealth Management 1 ROE 4.0% (7.6)pp (6.6)pp 7.8% (5.0)pp Platform 1 ROTE 4.4% (8.2)pp (7.0)pp 8.5% (5.1)pp Solutions $3,047 $3,216 $3,179 3 78.4% 9.7pp 13.9pp 73.3% 11.3pp Efficiency Ratio $659 $564 $343 2Q23 1Q23 2Q22 2

Global Banking & Markets Financial Results Global Banking & Markets Highlights vs.n 2Q23 net revenues were lower YoY vs. vs. 2Q23 2Q22 — Investment banking fees primarily reflected significantly lower net revenues in Advisory, $ in millions 2Q23 1Q23 2Q22 YTD YTD partially offset by significantly higher net revenues in Equity underwriting — FICC reflected significantly lower net revenues in intermediation compared with a strong $ 1,431 (9)% (20)% $ 3,010 (24)% Investment banking fees 2Q22 and lower net revenues in financing — Equities reflected significantly higher net revenues in financing, largely offset by lower net 2,711 (31)% (26)% 6,642 (21)% FICC revenues in intermediation 3 n Investment banking fees backlog increased vs. 1Q23, primarily reflecting an increase in 2,966 (2)% 1% 5,981 (3)% Equities Advisory, partially offset by a decrease in Equity underwriting n 2Q23 provision for credit losses included a reserve reduction related to the repayment of a term 81 N.M. N.M. – N.M. Other deposit with First Republic Bank 4 n 2Q23 select data : 7,189 (15)% (14)% 15,633 (15)% Net revenues — Total assets of $1.31 trillion — Loan balance of $110 billion Provision for credit losses 56 (57)% (73)% 185 (54)% — Net interest income of $202 million Operating expenses 4,282 (7)% (3)% 8,911 (5)% Global Banking & Markets Net Revenues ($ in millions) Pre-tax earnings $ 2,851 (23)% (23)% $ 6,537 (24)% $8,444 $8,342 $1,579 $7,189 Net earnings $ 2,091 (30)% (32)% $ 5,077 (30)% $1,799 Investment $1,431 banking fees Net earnings to common $ 1,982 (31)% (33)% $ 4,858 (31)% FICC $3,931 $3,642 Average common equity $ 71,205 2% – $ 70,362 1% $2,711 Equities Return on average common equity 11.1% (5.5)pp (5.5)pp 13.8% (6.4)pp Other $2,966 $3,015 $2,944 $81 $(43) $(81) 2Q23 1Q23 2Q22 3

Global Banking & Markets – Net Revenues Net Revenues Global Banking & Markets Net Revenues Highlights vs.n 2Q23 Investment banking fees were significantly lower YoY vs. vs. 2Q23 2Q22 — Advisory reflected a significant decline in industry-wide completed mergers and acquisitions $ in millions 2Q23 1Q23 2Q22 YTD YTD transactions $ 645 (21)% (46)% $ 1,463 (37)% Advisory — Equity underwriting primarily reflected a significant increase in industry-wide volumes n 2Q23 FICC net revenues were significantly lower YoY compared with a strong 2Q22 338 33% 133% 593 41% Equity underwriting — FICC intermediation reflected significantly lower net revenues in commodities, interest rate products and currencies, partially offset by significantly higher net revenues in mortgages and 448 (11)% (2)% 954 (20)% Debt underwriting higher net revenues in credit products — FICC financing primarily reflected lower net revenues in commodities financing 1,431 (9)% (20)% 3,010 (24)% Investment banking fees n 2Q23 Equities net revenues were essentially unchanged YoY 2,089 (36)% (28)% 5,369 (24)% FICC intermediation — Equities intermediation primarily reflected lower net revenues in derivatives — Equities financing net revenues were a record and primarily reflected significantly higher net FICC financing 622 (4)% (14)% 1,273 (6)% revenues in prime financing FICC 2,711 (31)% (26)% 6,642 (21)%n 2Q23 Other net revenues reflected net gains from direct investments compared with net losses in 2Q22 Equities intermediation 1,533 (12)% (13)% 3,274 (17)% Equities financing 1,433 12% 22% 2,707 21% Equities 2,966 (2)% 1% 5,981 (3)% Other 81 N.M. N.M. – N.M. Net revenues $ 7,189 (15)% (14)% $ 15,633 (15)% 4

Asset & Wealth Management Financial Results Asset & Wealth Management Highlights vs.n 2Q23 net revenues were slightly lower YoY — Record Management and other fees primarily reflected the impact of higher average AUS vs. vs. 2Q23 2Q22 $ in millions — Incentive fees were significantly lower, driven by significant harvesting in 2Q22 2Q23 1Q23 2Q22 YTD YTD — Private banking and lending net revenues were a record, primarily reflecting the impact of $ 2,354 3% 5% $ 4,636 8% Management and other fees higher deposit spreads and balances, as well as a gain of ~$100 million related to the sale of substantially all of the remaining Marcus loans portfolio — Equity investments reflected net losses from real estate investments compared with net gains 25 (53)% (86)% 78 (70)% Incentive fees in 2Q22, partially offset by significantly lower net losses from investments in public equities o Private: 2Q23 ~$(305) million, compared to 2Q22 ~$540 million 874 147% 62% 1,228 19% Private banking and lending o Public: 2Q23 ~$(100) million, compared to 2Q22 ~$(640) million — Debt investments reflected net mark-downs in real estate investments n 2Q23 operating expenses included impairments of ~$485 million related to consolidated real (403) N.M. N.M. (284) N.M. Equity investments estate investments n The impact to 2Q23 YTD pre-tax margin of 6% from the results of Marcus loans and historical Debt investments 197 (52)% (38)% 605 – 6 principal investments was a reduction of 15pp 4 n 2Q23 select data : Net revenues 3,047 (5)% (4)% 6,263 8% — Total assets of $196 billion — Loan balance of $49 billion, of which $33 billion related to Private banking and lending — Net interest income of $821 million Provision for credit losses 15 N.M. (90)% (550) N.M. Asset & Wealth Management Net Revenues ($ in millions) Operating expenses 3,275 3% 16% 6,443 23% $3,216 $3,179 $3,047 Management Pre-tax earnings / (loss) $ (243) N.M. N.M. $ 370 87% and other fees Incentive Net earnings / (loss) $ (208) N.M. N.M. $ 288 73% fees $2,282 $2,354 $2,243 Private banking Net earnings / (loss) to common $ (239) N.M. N.M. $ 225 108% and lending Equity Average common equity $ 31,047 (5)% – $ 31,781 3% $25 $185 investments $53 $354 $874 $538 Debt $119 investments Return on average common equity (3.1)% (8.8)pp (4.9)pp 1.4% 0.7pp $408 $197 $317 $(403) $(104) 2Q23 1Q23 2Q22 5

Assets Under Supervision 3,4 3,4 AUS Rollforward AUS Highlights n During the quarter, AUS increased $42 billion to a record $2.71 trillion $ in billions 2Q23 1Q23 2Q22 — Net market appreciation of $30 billion, driven by net appreciation in equity assets Beginning balance $ 2,672 $ 2,547 $ 2,394 — Long-term net inflows of $8 billion, driven by net inflows in fixed income assets 8 8 2 Long-term AUS net inflows / (outflows) — Liquidity products net inflows of $4 billion Liquidity products 4 49 (7) Total AUS net inflows / (outflows) 12 57 (5) Acquisitions / (dispositions) – – 305 3,4 2Q23 AUS Mix Net market appreciation / (depreciation) 30 68 (199) $ 2,714 $ 2,672 $ 2,495 10% Ending balance 29% 39% 36% 23% Asset Client 3,4 Class Channel AUS by Asset Class $ in billions 2Q23 1Q23 2Q22 35% 28% $ 267 $ 268 $ 254 Alternative investments Equity 627 597 552 7% 12% Fixed income 1,056 1,047 1,007 Long-term AUS 1,950 1,912 1,813 22% Liquidity products 764 760 682 Region 54% Vehicle 34% $ 2,714 $ 2,672 $ 2,495 Total AUS 71% 6

Asset & Wealth Management – Alternative Investments 4 4 Alternative Investments AUS and Effective Fees Alternative Investments Highlights n 2Q23 Management and other fees from alternative investments were $521 million, up 12% compared with 2Q22 2Q23 n During the quarter, alternative investments AUS decreased $1 billion to $267 billion $ in billions Average AUS Effective Fees (bps) 98 78 Corporate equity $n 2Q23 gross third-party alternatives fundraising across strategies was $11 billion, including: Credit 45 77 — $5 billion in corporate equity, $2 billion in credit, $2 billion in real estate and $2 billion in hedge funds and other Real estate 20 69 — $204 billion raised since the end of 2019 Hedge funds and other 65 63 n During the quarter, on-balance sheet alternative investments declined by $3.3 billion to $53.2 Funds and discretionary accounts 228 73 billion Advisory accounts 39 16 6 — Historical principal investments declined by $3.6 billion to $23.8 billion and included $4.5 Total alternative investments AUS $ 267 65 billion of equity securities, $5.8 billion of loans, $4.6 billion of debt securities and $8.9 billion of CIE investments and other 4 4,6 On-Balance Sheet Alternative Investments Historical Principal Investments Rollforward ($ in billions) $ in billions 2Q23 1Q23 $(1.5) $29.7 Equity securities $ $1.2 $ 13.5 14.5 $(5.6) Loans 16.1 17.3 Debt securities 12.1 12.3 7 CIE investments and other 11.5 12.4 $23.8 Total On-B/S alternative investments $ $ 53.2 56.5 Client co-invest $ 22.8 $ 22.8 Firmwide initiatives / CRA investments 6.6 6.3 6 Historical principal investments 23.8 27.4 Total On-B/S alternative investments $ 53.2 $ 56.5 YE22 Net mark-ups Additions Dispositions 2Q23 8 7 / (mark-downs) / Paydowns

Platform Solutions Financial Results Platform Solutions Highlights vs.n 2Q23 net revenues were higher YoY vs. vs. 2Q23 2Q22 — Consumer platforms primarily reflected significantly higher average credit card balances and $ in millions 2Q23 1Q23 2Q22 YTD YTD higher average point-of-sale loan balances — Transaction banking and other reflected lower deposit spreads, partially offset by higher $ 577 18% 129% $ 1,067 136% Consumer platforms average deposit balances n 2Q23 provision for credit losses reflected provisions related to the credit card portfolio, primarily 82 11% (10)% 156 (1)% Transaction banking and other driven by net charge-offs, and the point-of-sale loan portfolio, primarily driven by growth n 2Q23 operating expenses included an impairment of goodwill of $504 million related to Consumer Net revenues 659 17% 92% 1,223 100% platforms 4 n 2Q23 select data : 544 105% 75% 809 70% Provision for credit losses — Total assets of $64 billion 987 63% 147% 1,592 117% Operating expenses — Loan balance of $19 billion — Net interest income of $661 million Pre-tax earnings / (loss) $ (872) N.M. N.M. $ (1,178) N.M. — Active Consumer platforms customers of 14.3 million Net earnings / (loss) $ (667) N.M. N.M. $ (915) N.M. Platform Solutions Net Revenues ($ in millions) $659 Net earnings / (loss) to common $ (672) N.M. N.M. $ (925) N.M. $564 Average common equity $ 4,022 2% 10% $ 3,965 25% Return on average common equity (66.8)% (41.1)pp (33.2)pp (46.7)% (14.8)pp Consumer platforms $343 $577 Transaction $490 banking and other $252 $91 $82 $74 8 2Q23 1Q23 2Q22

Loans and Net Interest Income 4 4 Loans by Segment ($ in billions) Loans by Type 2Q23 Metrics $178 $178 $ in billions 2Q23 1Q23 2Q22 $176 3.0% ALLL to Total Corporate $ 38 $ 40 $ 41 Gross Loans, at Amortized Cost Commercial real estate 28 29 32 Global Banking Residential real estate 24 22 26 1.7% $109 $106 $110 & Markets ALLL to Gross Securities-based lending 15 16 17 Wholesale Loans, at Asset & Wealth Other collateralized lending 54 53 45 Amortized Cost Management Installment 5 6 5 12.6% Platform ALLL to Gross Credit cards 17 15 12 Solutions $49 $53 Consumer Loans, at $59 Other 2 2 3 Amortized Cost Allowance for loan losses (5) (5) (5) $19 $16 ~80% $11 Gross Loans Total loans $ 178 $ 178 $ 176 2Q23 1Q23 2Q22 Secured 4 Net Interest Income by Segment ($ in millions) Loans and Net Interest Income Highlights n 2Q23 total loans were unchanged QoQ $1,781 — Gross loans by type: $172 billion - amortized cost, $7 billion - fair value, $4 billion - held for sale $1,734 $1,684 — Average loans of $178 billion $347 $202 — Total allowance for loan losses and losses on lending commitments was $6.01 billion ($5.23 $483 Global Banking billion for funded loans) & Markets o $3.23 billion for wholesale loans, $2.78 billion for consumer loans $821 Asset & Wealth — Net charge-offs of $444 million for an annualized net charge-off rate of 1.0% $886 Management o 0.4% for wholesale loans, 5.8% for consumer loans $855 Platform n 2Q23 net interest income was slightly lower YoY Solutions 3 — 2Q23 average interest-earning assets of $1.44 trillion $661 $548 $396 9 2Q23 1Q23 2Q22

Commercial Real Estate (CRE) 4 4 2Q23 Firmwide Loans, Net of ALLL 2Q23 AWM On-Balance Sheet Alternative Investments $ in billions $ in billions CRE-related Office-related 2Q23 Warehouse / other indirect $11 Equity securities $ 4.2 $ 0.4 Industrials $4 Multifamily $3 $27 Hospitality $2 Loans (included in firmwide loans) $ 3.3 $ 0.4 Office $2 Mixed use $2 Debt securities $ 0.7 $ 0.1 Other $3 7 $ 9.7 / 4.1 $ 0.8 CIE investments and other CRE loans Other loans gross / net net of financings of financings 15.4% 1.5% 0.3% CRE Loans to Past Due (30+ days) Ratio 2Q23 Annualized Total Loans, Net of on CRE Loans, at Net Charge-Off Ratio ALLL Amortized Cost on CRE Loans, at Amortized Cost n 42% of the CRE loan portfolio was investment-grade, based on internally determined publicn Office-related exposures were primarily secured by Class A office properties rating agency equivalents n ~50% of the CRE-related on-balance sheet alternative investments consisted of historical 6 n Office-related loans were primarily secured by Class A office properties principal investments, which the firm intends to exit over the medium term n Additionally, the firm has $3.9 billion of CRE-related unfunded lending commitments, including $0.9 billion of office-related commitments 10

Expenses Financial Results Expense Highlights n 2Q23 total operating expenses increased YoY vs. vs. vs. 2Q23 2Q22 — Non-compensation expenses were significantly higher, reflecting: 2Q23 1Q23 2Q22 YTD YTD $ in millions o An impairment of goodwill of $504 million related to Consumer platforms (in depreciation and amortization) Compensation and benefits $ 3,619 (12)% (2)% $ 7,709 (1)% o Impairments of ~$485 million related to consolidated real estate investments (in depreciation and amortization) Transaction based 1,385 (1)% 5% 2,790 9% — Partially offset by slightly lower compensation and benefits expenses n 2Q23 YTD effective income tax rate was 22.3%, up from 19.0% for 1Q23, primarily due to the Market development 146 (15)% (38)% 318 (20)% impact of an increase in taxes on non-U.S. earnings Communications and technology 482 3% 9% 948 9% 1,594 64% 180% 2,564 141% Depreciation and amortization 3 Efficiency Ratio Occupancy 253 (5)% (2)% 518 2% 73.3% Professional fees 392 2% (20)% 775 (16)% 62.0% Other expenses 673 3% 5% 1,324 5% Total operating expenses $ 8,544 2% 12% $ 16,946 10% 520 (31)% (16)% $ 1,279 (4)% Provision for taxes $ Effective Tax Rate 22.3% 6.0pp 2Q23 YTD 2Q22 YTD 11

Capital and Balance Sheet 3,4 3,4 Capital Capital and Balance Sheet Highlights n Standardized CET1 capital ratio increased slightly QoQ, primarily reflecting an increase in CET1 capital 2Q23 1Q23 4Q22 n Advanced CET1 capital ratio decreased slightly QoQ, primarily reflecting an increase in market Standardized CET1 capital ratio 14.9% 14.8% 15.0% RWAs driven by increased exposures n SLR decreased QoQ, primarily reflecting an increase in average total assets Advanced CET1 capital ratio 14.4% 14.5% 14.4% n As of October 1, 2023, the firm’s SCB will be reduced by 80bps from 6.3% to 5.5% n Returned $1.61 billion of capital to common shareholders during the quarter Supplementary leverage ratio (SLR) 5.6% 5.8% 5.8% 3 — 2.2 million common shares repurchased for a total cost of $750 million — $864 million of common stock dividends n Increased the quarterly dividend from $2.50 to $2.75 per common share in 3Q23 n 2Q23 deposits of $399 billion consisted of consumer $148 billion, private bank $91 billion, transaction banking $71 billion, brokered CDs $39 billion, deposit sweep programs $34 billion and other $16 billion n BVPS was essentially unchanged QoQ 4 Selected Balance Sheet Data Book Value $ in billions In millions, except per share amounts 2Q23 1Q23 4Q22 2Q23 1Q23 4Q22 3 Total assets Basic shares 342.0 344.0 350.8 $ 1,571 $ 1,538 $ 1, 442 Deposits Book value per common share $ 309.33 $ 310.48 $ 303.55 $ 399 $ 376 $ 387 1 Unsecured long-term borrowings Tangible book value per common share $ 286.34 $ 286.05 $ 279.66 $ 231 $ 241 $ 247 Shareholders’ equity $ 116 $ 117 $ 117 3 Average GCLA $ 410 $ 399 $ 409 12

Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only the firm’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the firm’s control. It is possible that the firm’s actual results, financial condition and liquidity may differ, possibly materially, from the anticipated results, financial condition and liquidity in these forward-looking statements. For information about some of the risks and important factors that could affect the firm’s future results, financial condition and liquidity and the forward-looking statements below, see “Risk Factors” in Part I, Item 1A of the firm’s Annual Report on Form 10-K for the year ended December 31, 2022. Information regarding the firm’s assets under supervision, capital ratios, risk-weighted assets, supplementary leverage ratio, balance sheet data and global core liquid assets (GCLA) consists of preliminary estimates. These estimates are forward-looking statements and are subject to change, possibly materially, as the firm completes its financial statements. Statements regarding (i) estimated GDP growth or contraction, interest rate and inflation trends and volatility, (ii) the timing, profitability, benefits and other prospective aspects of business initiatives, business realignment and the achievability of medium- and long-term targets and goals, (iii) the future state of the firm’s liquidity and regulatory capital ratios (including the firm’s stress capital buffer and G-SIB buffer), (iv) the firm’s prospective capital distributions (including dividends and repurchases), (v) the firm’s future effective income tax rate, (vi) the firm’s Investment banking fees backlog and future results, (vii) the firm’s planned 2023 benchmark debt issuances, (viii) the impact of Russia’s invasion of Ukraine and related sanctions and other developments on the firm’s business, results and financial position, and (ix) the firm’s ability to sell, and the terms of any proposed sale of, the remaining Marcus loans portfolio, Asset & Wealth Management historical principal investments and GreenSky are forward-looking statements. Statements regarding estimated GDP growth or contraction, interest rate and inflation trends and volatility are subject to the risk that actual GDP growth or contraction, interest rate and inflation trends and volatility may differ, possibly materially, due to, among other things, changes in general economic conditions and monetary and fiscal policy. Statements about the timing, profitability, benefits and other prospective aspects of business initiatives, business realignment and the achievability of medium- and long-term targets and goals are based on the firm’s current expectations regarding the firm’s ability to effectively implement these initiatives and realignment and achieve these targets and goals and may change, possibly materially, from what is currently expected. Statements about the future state of the firm’s liquidity and regulatory capital ratios (including the firm’s stress capital buffer and G-SIB buffer), as well as its prospective capital distributions (including dividends and repurchases), are subject to the risk that the firm’s actual liquidity, regulatory capital ratios and capital distributions may differ, possibly materially, from what is currently expected. Statements about the firm’s future effective income tax rate are subject to the risk that the firm’s future effective income tax rate may differ from the anticipated rate indicated, possibly materially, due to, among other things, changes in the tax rates applicable to the firm, the firm’s earnings mix or profitability, the entities in which the firm generates profits and the assumptions made in forecasting the firm’s expected tax rate, and potential future guidance from the U.S. IRS or other tax authorities. Statements about the firm’s Investment banking fees backlog and future results are subject to the risk that transactions may be modified or may not be completed at all, and related net revenues may not be realized or may be materially less than expected. Important factors that could have such a result include, for underwriting transactions, a decline or weakness in general economic conditions, an outbreak or worsening of hostilities, including the escalation or continuation of the war between Russia and Ukraine, continuing volatility in the securities markets or an adverse development with respect to the issuer of the securities and, for financial advisory transactions, a decline in the securities markets, an inability to obtain adequate financing, an adverse development with respect to a party to the transaction or a failure to obtain a required regulatory approval. Statements regarding the firm’s planned 2023 benchmark debt issuances are subject to the risk that actual issuances may differ, possibly materially, due to changes in market conditions, business opportunities or the firm’s funding needs. Statements about the impact of Russia’s invasion of Ukraine and related sanctions and other developments on the firm’s business, results and financial position are subject to the risks that hostilities may escalate and expand, that sanctions may increase and that the actual impact may differ, possibly materially, from what is currently expected. Statements about the proposed sales of the remaining Marcus loans portfolio, Asset & Wealth Management historical principal investments and GreenSky are subject to the risks that buyers may not bid on these assets or bid at levels, or with terms, that are unacceptable to the firm, and that the performance of these activities may deteriorate as a result of the announced sales. 13

Footnotes 1. Annualized return on average common shareholders’ equity (ROE) is calculated by dividing annualized net earnings applicable to common shareholders by average monthly common shareholders’ equity. Annualized return on average tangible common shareholders’ equity (ROTE) is calculated by dividing annualized net earnings applicable to common shareholders by average monthly tangible common shareholders’ equity. Tangible common shareholders’ equity is calculated as total shareholders’ equity less preferred stock, goodwill and identifiable intangible assets. Tangible book value per common share (TBVPS) is calculated by dividing tangible common shareholders’ equity by basic shares. Management believes that tangible common shareholders’ equity and TBVPS are meaningful because they are measures that the firm and investors use to assess capital adequacy and that ROTE is meaningful because it measures the performance of businesses consistently, whether they were acquired or developed internally. Tangible common shareholders’ equity, ROTE and TBVPS are non-GAAP measures and may not be comparable to similar non-GAAP measures used by other companies. The table below presents a reconciliation of average and ending common shareholders’ equity to average and ending tangible common shareholders’ equity: AVERAGE FOR THE AS OF THREE MONTHS ENDED SIX MONTHS ENDED Unaudited, $ in millions JUNE 30, 2023 JUNE 30, 2023 JUNE 30, 2023 MARCH 31, 2023 DECEMBER 31, 2022 Total shareholders’ equity $ 116,977 $ 116,811 $ 116,493 $ 117,509 $ 117,189 Preferred stock (10,703) (10,703) (10,703) (10,703) (10,703) Common shareholders’ equity 106,274 106,108 105,790 106,806 106,486 Goodwill (6,315) (6,341) (5,942) (6,439) (6,374) Identifiable intangible assets (1,942) (1,963) (1,921) (1,965) (2,009) Tangible common shareholders’ equity $ 98,017 $ 97,804 $ 97,927 $ 98,402 $ 98,103 2. Dealogic – January 1, 2023 through June 30, 2023. 3. For information about the following items, see the referenced sections in Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the firm’s Quarterly Report on Form 10-Q for the period ended March 31, 2023: (i) Investment banking fees backlog – see “Results of Operations – Global Banking & Markets” (ii) assets under supervision – see “Results of Operations – Asset & Wealth Management – Assets Under Supervision” (iii) efficiency ratio – see “Results of Operations – Operating Expenses” (iv) basic shares – see “Balance Sheet and Funding Sources – Balance Sheet Analysis and Metrics” (v) share repurchase program – see “Capital Management and Regulatory Capital – Capital Management” and (vi) global core liquid assets – see “Risk Management – Liquidity Risk Management.” For information about the following items, see the referenced sections in Part I, Item 1 “Financial Statements (Unaudited)” in the firm’s Quarterly Report on Form 10-Q for the period ended March 31, 2023: (i) interest-earning assets – see “Statistical Disclosures – Distribution of Assets, Liabilities and Shareholders’ Equity” and (ii) risk-based capital ratios and the supplementary leverage ratio – see Note 20 “Regulation and Capital Adequacy.” 4. Represents a preliminary estimate for the second quarter of 2023 and may be revised in the firm’s Quarterly Report on Form 10-Q for the period ended June 30, 2023. 5. Includes selected items that the firm has sold, or is selling, or for which the firm has announced the exploration of a sale, related to the firm’s narrowing of its ambitions in consumer–related activities and the transition of Asset & Wealth Management to a less capital-intensive business. Pre-tax earnings for each selected item includes the operating results of the item and, additionally, for the Marcus loans portfolio, a gain of approximately $100 million related to the sale of substantially all of the remaining portfolio, and for GreenSky, an impairment of goodwill of $504 million related to Consumer platforms. Net earnings reflects the 2Q23 effective income tax rate for the respective segment of each selected item. 6. Includes consolidated investment entities (CIEs) and other legacy investments the firm intends to exit over the medium term (medium term refers to a 3-5 year time horizon from year-end 2022). 7. Includes CIEs and other investments. CIEs are generally accounted for at historical cost less depreciation. Substantially all of the firm’s CIEs are engaged in commercial real estate investment activities. Assets held by CIEs of $10 billion as of June 30, 2023 and $11 billion as of March 31, 2023 were funded with liabilities of approximately $6 billion as of both June 30, 2023 and March 31, 2023. Substantially all such liabilities are nonrecourse, thereby reducing the firm’s equity at risk. 14 8. Includes approximately $1 billion of investments that were transferred out of historical principal investments, primarily to Global Banking & Markets.