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Total Equity (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Preferred Stock Outstanding and Preferred Stock Dividends
Preferred Stock
 Shares Outstanding Carrying Value
$ in millions, except per share dataAt
September 30,
2024
Liquidation
Preference
per Share
At
September 30,
2024
At
December 31,
2023
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 
P40,000 25,000 1,000 1,000 
Q
40,000 25,000 1,000  
Total$9,750 $8,750 
Shares authorized30,000,000 
1.Series C preferred stock is held by MUFG.
Dividends
$ in millions, except per
share data
Three Months Ended
September 30, 2024
Three Months Ended
September 30, 2023
Per Share1
Total
Per Share1
Total
Preferred stock series
A$400 $17 $396 $17 
C25 13 25 13 
E455 16 445 15 
F439 15 430 15 
I398 16 398 16 
K366 15 366 15 
L305 6 305 
M2
30 12 29 12 
N3
2,215 6 2,226 
O266 13 266 14 
P406 17 406 16 
Q
345 14 — — 
Total Preferred stock$160 $146 
Common stock$0.925 $1,492 $0.850 $1,404 
$ in millions, except per
share data
Nine Months Ended
September 30, 2024
Nine Months Ended
September 30, 2023
Per Share1
Total
Per Share1
Total
Preferred stock series
A$1,190 $52 $1,116 $49 
C75 39 75 39 
E1,351 47 1,336 46 
F1,308 44 1,289 44 
I1,195 48 1,195 48 
K1,097 44 1,097 44 
L914 18 914 18 
M2
59 24 59 24 
N3
6,726 20 6,928 21 
O797 41 797 41 
P1,219 49 1,219 49 
Q345 14 — — 
Total Preferred stock$440 $423 
Common stock$2.625 $4,259 $2.400 $4,001 
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.
3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly.
Schedule of Share Repurchases
Share Repurchases
 Three Months Ended September 30,Nine Months Ended September 30,
$ in millions2024202320242023
Repurchases of common stock under the Firm’s Share Repurchase Authorization$750 $1,500 $2,500 $4,000 
Schedule of Common Shares Outstanding for Basic and Diluted EPS
Common Shares Outstanding for Basic and Diluted EPS
 Three Months Ended
September 30,
Nine Months Ended
September 30,
in millions2024202320242023
Weighted average common shares outstanding, basic1,588 1,624 1,594 1,635 
Effect of dilutive RSUs and PSUs21 19 18 18 
Weighted average common shares outstanding and common stock equivalents, diluted1,609 1,643 1,612 1,653 
Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) —  
Schedule of Common Stock Dividends Per Share
Dividends
$ in millions, except per
share data
Three Months Ended
September 30, 2024
Three Months Ended
September 30, 2023
Per Share1
Total
Per Share1
Total
Preferred stock series
A$400 $17 $396 $17 
C25 13 25 13 
E455 16 445 15 
F439 15 430 15 
I398 16 398 16 
K366 15 366 15 
L305 6 305 
M2
30 12 29 12 
N3
2,215 6 2,226 
O266 13 266 14 
P406 17 406 16 
Q
345 14 — — 
Total Preferred stock$160 $146 
Common stock$0.925 $1,492 $0.850 $1,404 
$ in millions, except per
share data
Nine Months Ended
September 30, 2024
Nine Months Ended
September 30, 2023
Per Share1
Total
Per Share1
Total
Preferred stock series
A$1,190 $52 $1,116 $49 
C75 39 75 39 
E1,351 47 1,336 46 
F1,308 44 1,289 44 
I1,195 48 1,195 48 
K1,097 44 1,097 44 
L914 18 914 18 
M2
59 24 59 24 
N3
6,726 20 6,928 21 
O797 41 797 41 
P1,219 49 1,219 49 
Q345 14 — — 
Total Preferred stock$440 $423 
Common stock$2.625 $4,259 $2.400 $4,001 
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.
3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly.
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)1
$ in millionsCTAAFS SecuritiesPension and OtherDVACash Flow HedgesTotal
June 30, 2024$(1,355)$(2,917)$(582)$(1,894)$(12)$(6,760)
OCI during the period184 723 3 (170)34 774 
September 30, 2024$(1,171)$(2,194)$(579)$(2,064)$22 $(5,986)
June 30, 2023$(1,199)$(3,701)$(510)$(873)$(17)$(6,300)
OCI during the period(120)(366)(1)(412)(3)(902)
September 30, 2023$(1,319)$(4,067)$(511)$(1,285)$(20)$(7,202)
December 31, 2023$(1,153)$(3,094)$(595)$(1,595)$16 $(6,421)
OCI during the period(18)900 16 (469)6 435 
September 30, 2024$(1,171)$(2,194)$(579)$(2,064)$22 $(5,986)
December 31, 2022$(1,204)$(4,192)$(508)$(345)$(4)$(6,253)
OCI during the period(115)125 (3)(940)(16)(949)
September 30, 2023$(1,319)$(4,067)$(511)$(1,285)$(20)$(7,202)
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 September 30, 2024
$ in millionsPre-tax Gain (Loss)Income Tax Benefit (Provision)After-tax Gain (Loss)Non-controlling InterestsNet
CTA
OCI activity$124 $160 $284 $100 $184 
Reclassified to earnings— — — — — 
Net OCI$124 $160 $284 $100 $184 
Change in net unrealized gains (losses) on AFS securities
OCI activity$947 $(224)$723 $— $723 
Reclassified to earnings— — — — — 
Net OCI$947 $(224)$723 $— $723 
Pension and other
OCI activity$$— $$— $
Reclassified to earnings(3)— 
Net OCI$$(3)$$— $
Change in net DVA
OCI activity$(234)$57 $(177)$(5)$(172)
Reclassified to earnings(2)— 
Net OCI$(230)$55 $(175)$(5)$(170)
Change in fair value of cash flow hedge derivatives
OCI activity $33 $(8)$25 $— $25 
Reclassified to earnings11 (2)— 
Net OCI$44 $(10)$34 $— $34 
Three Months Ended September 30, 2023
$ in millionsPre-tax Gain (Loss)Income Tax Benefit (Provision)After-tax Gain (Loss)Non-controlling InterestsNet
CTA
OCI activity$(38)$(111)$(149)$(29)$(120)
Reclassified to earnings— — — — — 
Net OCI$(38)$(111)$(149)$(29)$(120)
Change in net unrealized gains (losses) on AFS securities
OCI activity$(464)$108 $(356)$— $(356)
Reclassified to earnings(14)(10)— (10)
Net OCI$(478)$112 $(366)$— $(366)
Pension and other
OCI activity$— $— $— $— $— 
Reclassified to earnings(1)— (1)— (1)
Net OCI$(1)$— $(1)$— $(1)
Change in net DVA
OCI activity$(549)$130 $(419)$(2)$(417)
Reclassified to earnings(1)— 
Net OCI$(543)$129 $(414)$(2)$(412)
Change in fair value of cash flow hedge derivatives
OCI activity$(12)$$(9)$— $(9)
Reclassified to earnings— — 
Net OCI$(6)$$(3)$— $(3)
Nine Months Ended September 30, 2024
$ in millionsPre-tax Gain (Loss)Income Tax Benefit (Provision)After-tax Gain (Loss)Non-controlling InterestsNet
CTA
OCI activity$(5)$(26)$(31)$(13)$(18)
Reclassified to earnings— — — — — 
Net OCI$(5)$(26)$(31)$(13)$(18)
Change in net unrealized gains (losses) on AFS securities
OCI activity$1,229 $(291)$938 $— $938 
Reclassified to earnings(50)12 (38)— (38)
Net OCI$1,179 $(279)$900 $— $900 
Pension and other
OCI activity$$— $$— $
Reclassified to earnings15 (5)10 — 10 
Net OCI$21 $(5)$16 $— $16 
Change in net DVA
OCI activity$(630)$151 $(479)$$(485)
Reclassified to earnings21 (5)16 — 16 
Net OCI$(609)$146 $(463)$$(469)
Change in fair value of cash flow hedge derivatives
OCI activity $(26)$$(20)$— $(20)
Reclassified to earnings34 (8)26 — 26 
Net OCI$$(2)$$— $
Nine Months Ended September 30, 2023
$ in millionsPre-tax Gain (Loss)Income Tax Benefit (Provision)After-tax Gain (Loss)Non-controlling InterestsNet
CTA
OCI activity$(136)$(104)$(240)$(125)$(115)
Reclassified to earnings— — — — — 
Net OCI$(136)$(104)$(240)$(125)$(115)
Change in net unrealized gains (losses) on AFS securities
OCI activity$208 $(49)$159 $— $159 
Reclassified to earnings(45)11 (34)— (34)
Net OCI$163 $(38)$125 $— $125 
Pension and other
OCI activity$(1)$— $(1)$— $(1)
Reclassified to earnings(2)— (2)— (2)
Net OCI$(3)$— $(3)$— $(3)
Change in net DVA
OCI activity$(1,283)$311 $(972)$(20)$(952)
Reclassified to earnings15 (3)12 — 12 
Net OCI$(1,268)$308 $(960)$(20)$(940)
Change in fair value of cash flow hedge derivatives
OCI activity$(30)$$(24)$— $(24)
Reclassified to earnings(1)— 
Net OCI$(21)$$(16)$— $(16)