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Total Equity (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Preferred Stock Outstanding and Preferred Stock Dividends
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.
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 305 
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 
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.
Schedule of Share Repurchases
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 
Schedule of Common Shares Outstanding for Basic and Diluted EPS
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 — 
Schedule of Common Stock Dividends Per Share
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 305 
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 
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.
Schedule of Accumulated Other Comprehensive Income (Loss)
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.
Schedule of Components of Period Changes in OCI
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
$$— $$— $
Reclassified to earnings
14 (5)— 
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