Total Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Preferred Stock Outstanding and Preferred Stock Dividends

Preferred Stock

	Shares Outstanding			Carrying Value
$ in millions, except per share data	At March 31, 2024	Liquidation Preference per Share		At March 31, 2024		At December 31, 2023
Series
A	44,000	$	25,000	$	1,100	$	1,100
C1	519,882	1,000		408		408
E	34,500	25,000		862		862
F	34,000	25,000		850		850
I	40,000	25,000		1,000		1,000
K	40,000	25,000		1,000		1,000
L	20,000	25,000		500		500
M	400,000	1,000		430		430
N	3,000	100,000		300		300
O	52,000	25,000		1,300		1,300
P	40,000	25,000		1,000		1,000
Total				$	8,750	$	8,750
Shares authorized						30,000,000

1.Series C preferred stock is held by MUFG.

Dividends

$ in millions, except per share data	Three Months Ended March 31, 2024				Three Months Ended March 31, 2023
	Per Share1		Total		Per Share1		Total
Preferred stock series
A	$	392	$	17	$	343	$	15
C	25		13		25		13
E	445		15		445		15
F	434		15		430		14
I	398		16		398		16
K	366		15		366		15
L	305		6		305		6
M2	29		12		29		12
N	2,226		7		2,650		8
O	266		14		266		14
P	406		16		406		16
Total Preferred stock			$	146			$	144
Common stock	$	0.85	$	1,390	$	0.775	$	1,305

1.Common and Preferred Stock dividends are payable quarterly unless otherwise noted.

2.Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly.

Schedule of Share Repurchases

Share Repurchases

	Three Months Ended March 31,
$ in millions	2024		2023
Repurchases of common stock under the Firm’s Share Repurchase Authorization	$	1,000	$	1,500

Schedule of Common Shares Outstanding for Basic and Diluted EPS

Common Shares Outstanding for Basic and Diluted EPS

	Three Months Ended March 31,
in millions	2024	2023
Weighted average common shares outstanding, basic	1,601	1,645
Effect of dilutive RSUs and PSUs	15	18
Weighted average common shares outstanding and common stock equivalents, diluted	1,616	1,663
Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS)	—	4

Schedule of Common Stock Dividends Per Share

Dividends

$ in millions, except per share data	Three Months Ended March 31, 2024				Three Months Ended March 31, 2023
	Per Share1		Total		Per Share1		Total
Preferred stock series
A	$	392	$	17	$	343	$	15
C	25		13		25		13
E	445		15		445		15
F	434		15		430		14
I	398		16		398		16
K	366		15		366		15
L	305		6		305		6
M2	29		12		29		12
N	2,226		7		2,650		8
O	266		14		266		14
P	406		16		406		16
Total Preferred stock			$	146			$	144
Common stock	$	0.85	$	1,390	$	0.775	$	1,305

1.Common and Preferred Stock dividends are payable quarterly unless otherwise noted.

2.Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly.

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)1

$ in millions	CTA		AFS Securities		Pension and Other		DVA		Cash Flow Hedges		Total
December 31, 2023	$	(1,153)	$	(3,094)	$	(595)	$	(1,595)	$	16	$	(6,421)
OCI during the period	(112)		68		4		(568)		(28)		(636)
March 31, 2024	$	(1,265)	$	(3,026)	$	(591)	$	(2,163)	$	(12)	$	(7,057)
December 31, 2022	$	(1,204)	$	(4,192)	$	(508)	$	(345)	$	(4)	$	(6,253)
OCI during the period	32		512		(1)		(8)		7		542
March 31, 2023	$	(1,172)	$	(3,680)	$	(509)	$	(353)	$	3	$	(5,711)

1.Amounts are net of tax and noncontrolling interests.

Schedule of Components of Period Changes in OCI

Components of Period Changes in OCI

	Three Months Ended March 31, 2024
$ in millions	Pre-tax Gain (Loss)		Income Tax Benefit (Provision)		After-tax Gain (Loss)		Non-controlling Interests		Net
CTA
OCI activity	$	(70)	$	(103)	$	(173)	$	(61)	$	(112)
Reclassified to earnings	—		—		—		—		—
Net OCI	$	(70)	$	(103)	$	(173)	$	(61)	$	(112)
Change in net unrealized gains (losses) on AFS securities
OCI activity	$	132	$	(32)	$	100	$	—	$	100
Reclassified to earnings	(43)		11		(32)		—		(32)
Net OCI	$	89	$	(21)	$	68	$	—	$	68
Pension and other
OCI activity	$	—	$	—	$	—	$	—	$	—
Reclassified to earnings	5		(1)		4		—		4
Net OCI	$	5	$	(1)	$	4	$	—	$	4
Change in net DVA
OCI activity	$	(751)	$	180	$	(571)	$	5	$	(576)
Reclassified to earnings	10		(2)		8		—		8
Net OCI	$	(741)	$	178	$	(563)	$	5	$	(568)
Change in fair value of cash flow hedge derivatives
OCI activity	$	(47)	$	11	$	(36)	$	—	$	(36)
Reclassified to earnings	11		(3)		8		—		8
Net OCI	$	(36)	$	8	$	(28)	$	—	$	(28)

	Three Months Ended March 31, 2023
$ in millions	Pre-tax Gain (Loss)		Income Tax Benefit (Provision)		After-tax Gain (Loss)		Non-controlling Interests		Net
CTA
OCI activity	$	(10)	$	30	$	20	$	(12)	$	32
Reclassified to earnings	—		—		—		—		—
Net OCI	$	(10)	$	30	$	20	$	(12)	$	32
Change in net unrealized gains (losses) on AFS securities
OCI activity	$	710	$	(167)	$	543	$	—	$	543
Reclassified to earnings	(41)		10		(31)		—		(31)
Net OCI	$	669	$	(157)	$	512	$	—	$	512
Pension and other
OCI activity	$	—	$	—	$	—	$	—	$	—
Reclassified to earnings	(1)		—		(1)		—		(1)
Net OCI	$	(1)	$	—	$	(1)	$	—	$	(1)
Change in net DVA
OCI activity	$	(30)	$	10	$	(20)	$	(7)	$	(13)
Reclassified to earnings	6		(1)		5		—		5
Net OCI	$	(24)	$	9	$	(15)	$	(7)	$	(8)
Change in fair value of cash flow hedge derivatives
OCI activity	$	7	$	(1)	$	6	$	—	$	6
Reclassified to earnings	1		—		1		—		1
Net OCI	$	8	$	(1)	$	7	$	—	$	7