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Total Equity
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Total Equity Total Equity
Preferred Stock
 
Shares Outstanding
 
Carrying Value
$ in millions, except per share data
At
June 30,
2022
Liquidation
Preference
per Share
At
June 30,
2022 		At
December 31,
2021
Series
A44,000 $25,000 $1,100 $1,100 
C1
519,882 1,000 408 408 
E34,500 25,000 862 862 
F34,000 25,000 850 850 
I40,000 25,000 1,000 1,000 
K40,000 25,000 1,000 1,000 
L20,000 25,000 500 500 
M400,000 1,000 430 430 
N3,000 100,000 300 300 
O52,000 25,000 1,300 1,300 
Total
$7,750 $7,750 
Shares authorized30,000,000 
1.Series C preferred stock is held by MUFG.
For a description of Series A through Series O preferred stock, see Note 18 to the financial statements in the 2021 Form 10-K. The Firm’s preferred stock has a preference over its common stock upon liquidation. The Firm’s preferred stock qualifies as and is included in Tier 1 capital in accordance with regulatory capital requirements (see Note 15).
On August 2, 2022, the Firm issued 40 million depositary shares of Series P Preferred Stock, for an aggregate price of $1.0 billion. Each depositary share represents a 1/1000th interest in a share of 6.500% Non-Cumulative Preferred Stock, Series P, $0.01 par value (“Series P Preferred Stock”). The Series P Preferred Stock is redeemable at the Firm’s option, (i) in whole or in part, from time to time, on any dividend payment date on or after October 15, 2027 or (ii) in whole but not in part at any time within 90 days following a regulatory capital treatment event (as described in the terms of this series), in each case at a redemption price of $25,000 per share (equivalent to $25 per depositary share). The Series P Preferred Stock also has a preference over the Firm’s common stock upon liquidation and qualifies as Tier 1 capital.
Share Repurchases
 
Three Months Ended June 30,Six Months Ended June 30,
$ in millions
2022202120222021
Repurchases of common stock under the Firm’s Share Repurchase Authorization$2,738 $2,939 $5,610 $5,074 
On June 27, 2022, the Firm announced that its Board of Directors approved a new multi-year repurchase authorization of up to $20 billion of outstanding common stock, without a set expiration date, beginning in the third quarter of 2022, which will be exercised from time to time as conditions warrant. For more information on share repurchases, see Note 18 to the financial statements in the 2021 Form 10-K.
Common Shares Outstanding for Basic and Diluted EPS
 Three Months Ended
June 30,		Six Months Ended
June 30,
in millions2022202120222021
Weighted average common shares outstanding, basic1,704 1,814 1,718 1,804 
Effect of dilutive RSUs and PSUs19 27 20 25 
Weighted average common shares outstanding and common stock equivalents, diluted1,723 1,841 1,739 1,829 
Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS)8 — 7 — 
Dividends
$ in millions, except per
share data
Three Months Ended
June 30, 2022		Three Months Ended
June 30, 2021
Per Share1
Total
Per Share1
Total
Preferred stock series
A
$253 $11 $253 $11 
C
25 13 25 13 
E
445 15 445 15 
F
430 14 430 15 
H2
— — 240 12 
I
398 16 398 16 
K
366 15 366 15 
L305 6 305 6 
O6
266 14 — — 
Total Preferred stock
$104 $103 
Common stock
$0.70 $1,221 $0.35 $651 
$ in millions, except per
share data
Six Months Ended
June 30, 2022		Six Months Ended
June 30, 2021
Per Share1
Total
Per Share1
Total
Preferred stock series
A
$494 $22 $503 $22 
C
50 26 50 26 
E
891 30 891 30 
F
859 29 859 29 
H2
— — 480 25 
I
797 32 797 32 
J3
— — 253 15 
K
731 30 731 30 
L609 12 609 12 
M4
29 12 29 12 
N5
2,650 8 2,650 8 
O6
531 27 — — 
Total Preferred stock
$228 $241 
Common stock
$1.40 $2,473 $0.70 $1,286 
1.Common and Preferred Stock dividends are payable quarterly unless otherwise noted.
2.A notice of redemption was issued for Series H preferred stock on November 19, 2021.
3.Series J was payable semiannually until July 15, 2020, after which it was payable quarterly until its redemption.
4.Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly.
5.Series N is payable semiannually until March 15, 2023 and thereafter will be payable quarterly.
6.Series O is payable semiannually until January 15, 2027 and thereafter will be payable quarterly.
Accumulated Other Comprehensive Income (Loss)1
$ in millions
CTA
AFS SecuritiesPension and Other
DVA
Total
March 31, 2022$(1,050)$(2,150)$(546)$(1,156)$(4,902)
OCI during the period(176)(1,076)3 1,130 (119)
June 30, 2022$(1,226)$(3,226)$(543)$(26)$(5,021)
March 31, 2021$(936)$1,011 $(493)$(2,336)$(2,754)
OCI during the period41 (7)12 185 231 
June 30, 2021$(895)$1,004 $(481)$(2,151)$(2,523)
December 31, 2021$(1,002)$245 $(551)$(1,794)$(3,102)
OCI during the period(224)(3,471)8 1,768 (1,919)
June 30, 2022$(1,226)$(3,226)$(543)$(26)$(5,021)
December 31, 2020$(795)$1,787 $(498)$(2,456)$(1,962)
OCI during the period(100)(783)17 305 (561)
June 30, 2021$(895)$1,004 $(481)$(2,151)$(2,523)
1.Amounts are net of tax and noncontrolling interests.
Components of Period Changes in OCI
Three Months Ended June 30, 2022
$ in millions
Pre-tax
Gain
(Loss)
Income
Tax Benefit
(Provision)
After-tax
Gain
(Loss)
Non-
controlling
Interests
Net
CTA
OCI activity$(134)$(213)$(347)$(112)$(235)
Reclassified to earnings— 59 59 — 59 
Net OCI$(134)$(154)$(288)$(112)$(176)
Change in net unrealized gains (losses) on AFS securities
OCI activity$(1,387)$325 $(1,062)$— $(1,062)
Reclassified to earnings(18)4 (14)— (14)
Net OCI$(1,405)$329 $(1,076)$— $(1,076)
Pension and other
OCI activity$(2)$— $(2)$— $(2)
Reclassified to earnings6 (1)5 — 5 
Net OCI$4 $(1)$3 $— $3 
Change in net DVA
OCI activity$1,521 $(368)$1,153 $22 $1,131 
Reclassified to earnings(1)— (1)— (1)
Net OCI$1,520 $(368)$1,152 $22 $1,130 
Three Months Ended June 30, 2021
$ in millions
Pre-tax
Gain
(Loss)
Income
Tax Benefit
(Provision)
After-tax
Gain
(Loss)
Non-
controlling
Interests
Net
CTA
OCI activity$12 $29 $41 $— $41 
Reclassified to earnings— — — — — 
Net OCI$12 $29 $41 $— $41 
Change in net unrealized gains (losses) on AFS securities
OCI activity$47 $(10)$37 $— $37 
Reclassified to earnings(58)14 (44)— (44)
Net OCI$(11)$4 $(7)$— $(7)
Pension and other
OCI activity$8 $— $8 $— $8 
Reclassified to earnings7 (3)4 — 4 
Net OCI$15 $(3)$12 $— $12 
Change in net DVA
OCI activity$237 $(59)$178 $1 $177 
Reclassified to earnings10 (2)8 — 8 
Net OCI$247 $(61)$186 $1 $185 
Six Months Ended June 30, 2022
$ in millions
Pre-tax
Gain
(Loss)
Income
Tax Benefit
(Provision)
After-tax
Gain
(Loss)
Non-
controlling
Interests
Net
CTA
OCI activity
$(194)$(258)$(452)$(169)$(283)
Reclassified to earnings
— 59 59 — 59 
Net OCI
$(194)$(199)$(393)$(169)$(224)
Change in net unrealized gains (losses) on AFS securities
OCI activity
$(4,471)$1,047 $(3,424)$— $(3,424)
Reclassified to earnings
(62)15 (47)— (47)
Net OCI
$(4,533)$1,062 $(3,471)$— $(3,471)
Pension and other
OCI activity
$(2)$— $(2)$— $(2)
Reclassified to earnings
11 (1)10 — 10 
Net OCI
$9 $(1)$8 $— $8 
Change in net DVA
OCI activity
$2,392 $(579)$1,813 $44 $1,769 
Reclassified to earnings
(1)— (1)— (1)
Net OCI
$2,391 $(579)$1,812 $44 $1,768 
Six Months Ended June 30, 2021
$ in millions
Pre-tax
Gain
(Loss)
Income
Tax Benefit
(Provision)
After-tax
Gain
(Loss)
Non-
controlling
Interests
Net
CTA
OCI activity
$(92)$(86)$(178)$(78)$(100)
Reclassified to earnings
— — — — — 
Net OCI
$(92)$(86)$(178)$(78)$(100)
Change in net unrealized gains (losses) on AFS securities
OCI activity
$(829)$193 $(636)$— $(636)
Reclassified to earnings
(192)45 (147)— (147)
Net OCI
$(1,021)$238 $(783)$— $(783)
Pension and other
OCI activity
$8 $— $8 $— $8 
Reclassified to earnings
14 (5)9 — 9 
Net OCI
$22 $(5)$17 $— $17 
Change in net DVA
OCI activity
$404 $(102)$302 $18 $284 
Reclassified to earnings
27 (6)21 — 21 
Net OCI
$431 $(108)$323 $18 $305