JPMorgan Chase & Co. (JPM) 10-Q 1 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover	3 Months Ended
	Mar. 31, 2024 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Entity File Number	1-5805
Entity Registrant Name	JPMorgan Chase & Co
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-2624428
Entity Address, Address Line One	383 Madison Avenue,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10179
City Area Code	212
Local Phone Number	270-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	2,871,667,879
Entity Central Index Key	0000019617
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Common stock
Entity Information [Line Items]
Title of 12(b) Security	Common stock
Trading Symbol	JPM
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD
Trading Symbol	JPM PR D
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE
Trading Symbol	JPM PR C
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG
Trading Symbol	JPM PR J
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ
Trading Symbol	JPM PR K
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL
Trading Symbol	JPM PR L
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM
Trading Symbol	JPM PR M
Security Exchange Name	NYSE
Alerian MLP Index ETNs due May 24, 2024
Entity Information [Line Items]
Title of 12(b) Security	Alerian MLP Index ETNs due May 24, 2024
Trading Symbol	AMJ
Security Exchange Name	NYSEArca
Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC
Entity Information [Line Items]
Title of 12(b) Security	Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC
Trading Symbol	JPM/32
Security Exchange Name	NYSE
Guarantee of Alerian MLP Index ETNs due January 28, 2044 of JPMorgan Chase Financial Company LLC
Entity Information [Line Items]
Title of 12(b) Security	Guarantee of Alerian MLP Index ETNs due January 28, 2044 of JPMorgan Chase Financial Company LLC
Trading Symbol	AMJB
Security Exchange Name	NYSEArca

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue
Investment banking fees	$ 1,954	$ 1,649
Principal transactions	6,790	7,615
Lending- and deposit-related fees	1,902	1,620
Asset management fees	4,146	3,465
Commissions and other fees	1,805	1,695
Investment securities losses	(366)	(868)
Mortgage fees and related income	275	221
Card income	1,218	1,234
Other income	1,128	1,007
Noninterest revenue	18,852	17,638
Interest income	47,438	37,004
Interest expense	24,356	16,293
Net interest income	23,082	20,711
Total net revenue	41,934	38,349
Provision for credit losses	1,884	2,275
Noninterest expense
Compensation expense	13,118	11,676
Occupancy expense	1,211	1,115
Technology, communications and equipment expense	2,421	2,184
Professional and outside services	2,548	2,448
Marketing	1,160	1,045
Other expense	2,299	1,639
Total noninterest expense	22,757	20,107
Income/(loss) before income tax expense/(benefit)	17,293	15,967
Income tax expense	3,874	3,345
Net income/(loss)	13,419	12,622
Basic net income applicable to common stockholders	12,942	12,193
Diluted net income applicable to common stockholders	$ 12,942	$ 12,193
Net income per common share data
Basic earnings per share (in dollars per share)	$ 4.45	$ 4.11
Diluted earnings per share (in dollars per share)	$ 4.44	$ 4.10
Weighted-average basic shares (in shares)	2,908.3	2,968.5
Weighted-average diluted shares (in shares)	2,912.8	2,972.7

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 13,419	$ 12,622
Other comprehensive income/(loss), after–tax
Unrealized gains/(losses) on investment securities	141	2,212
Translation adjustments, net of hedges	(204)	197
Fair value hedges	(21)	(21)
Cash flow hedges	(889)	798
Defined benefit pension and OPEB plans	26	(55)
DVA on fair value option elected liabilities	(249)	(208)
Total other comprehensive income/(loss), after–tax	(1,196)	2,923
Comprehensive income	$ 12,223	$ 15,545

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks		$ 22,750	$ 29,066
Deposits with banks		539,366	595,085
Federal funds sold and securities purchased under resale agreements (included $324,418 and $259,813 at fair value)		330,559	276,152
Securities borrowed (included $84,258 and $70,086 at fair value)		198,336	200,436
Trading assets (included assets pledged of $180,196 and $128,994)		754,409	540,607
Available-for-sale securities (amortized cost of $239,813 and $205,456; included assets pledged of $10,806 and $9,219)		236,152	201,704
Held-to-maturity securities		334,527	369,848
Investment securities, net of allowance for credit losses		570,679	571,552
Loans (included $39,046 and $38,851 at fair value)		1,309,616	1,323,706
Allowance for loan losses		(22,351)	(22,420)
Loans, net of allowance for loan losses		1,287,265	1,301,286
Accrued interest and accounts receivable		129,823	107,363
Premises and equipment		30,279	30,157
Goodwill, MSRs and other intangible assets		64,374	64,381
Other assets (included $15,645 and $12,306 at fair value and assets pledged of $9,811 and $6,764)		162,887	159,308
Total assets	[1]	4,090,727	3,875,393
Liabilities
Deposits (included $80,578 and $78,384 at fair value)		2,428,409	2,400,688
Federal funds purchased and securities loaned or sold under repurchase agreements (included $264,554 and $169,003 at fair value)		325,670	216,535
Short-term borrowings (included $22,856 and $20,042 at fair value)		46,268	44,712
Trading liabilities		228,327	180,428
Accounts payable and other liabilities (included $8,917 and $5,637 at fair value)		301,469	290,307
Beneficial interests issued by consolidated VIEs (included $1 and $1 at fair value)		28,075	23,020
Long-term debt (included $92,730 and $87,924 at fair value)		395,872	391,825
Total liabilities	[1]	3,754,090	3,547,515
Commitments and contingencies (refer to Notes 22, 23 and 24)
Stockholders’ equity
Preferred stock ($1 par value; authorized 200,000,000 shares; issued 2,990,375 and 2,740,375 shares)		29,900	27,404
Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares)		4,105	4,105
Additional paid-in capital		89,903	90,128
Retained earnings		342,414	332,901
Accumulated other comprehensive losses		(11,639)	(10,443)
Treasury stock, at cost (1,233,266,016 and 1,228,275,301 shares)		(118,046)	(116,217)
Total stockholders’ equity		336,637	327,878
Total liabilities and stockholders’ equity		4,090,727	3,875,393
VIEs consolidated by the Firm
Assets
Trading assets (included assets pledged of $180,196 and $128,994)		2,229	2,170
Loans, net of allowance for loan losses		40,059	37,611
Other assets (included $15,645 and $12,306 at fair value and assets pledged of $9,811 and $6,764)		648	591
Total assets		42,936	40,372
Liabilities
Beneficial interests issued by consolidated VIEs (included $1 and $1 at fair value)		28,075	23,020
All other liabilities		282	263
Total liabilities		$ 28,357	$ 23,283
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 2024 and December 31, 2023. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. Refer to Note 13 for a further discussion. (in millions) March 31, 2024 December 31, 2023 Assets Trading assets $ 2,229 $ 2,170 Loans 40,059 37,611 All other assets 648 591 Total assets $ 42,936 $ 40,372 Liabilities Beneficial interests issued by consolidated VIEs $ 28,075 $ 23,020 All other liabilities 282 263 Total liabilities $ 28,357 $ 23,283

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Trading assets pledged	$ 754,409	$ 540,607
Available-for-sale securities, amortized cost, net of allowance for credit losses	239,813	205,456
Available-for-sale securities	236,152	201,704
Loans at fair value	39,046	38,851
Other assets pledged	$ 162,887	$ 159,308
Stockholders' equity
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, shares issued (in shares)	2,990,375	2,740,375
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	9,000,000,000	9,000,000,000
Common stock, shares issued (in shares)	4,104,933,895	4,104,933,895
Treasury stock, at cost (in shares)	1,233,266,016	1,228,275,301
Assets pledged
Assets
Trading assets pledged	$ 180,196	$ 128,994
Available-for-sale securities	10,806	9,219
Other assets pledged	9,811	6,764
Recurring
Assets
Federal funds sold and securities purchased under resale agreements at fair value	324,418	259,813
Securities borrowed at fair value	84,258	70,086
Trading assets pledged	754,362	540,565
Available-for-sale securities	236,152	201,704
Loans at fair value	39,046	38,851
Liabilities
Deposits at fair value	80,578	78,384
Federal funds purchased and securities loaned or sold under repurchase agreements at fair value	264,554	169,003
Short-term borrowings at fair value	22,856	20,042
Accounts payable and other liabilities at fair value	8,917	5,637
Beneficial interests issued by consolidated VIEs at fair value	1	1
Long-term debt at fair value	92,730	87,924
Recurring | Other assets
Assets
Other assets at fair value	$ 15,645	$ 12,306

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Preferred stock	Common stock	Additional paid-in capital	Retained earnings	Retained earnings Cumulative effect of change in accounting principles	Accumulated other comprehensive income/(loss)	Treasury stock, at cost
Beginning balance at Dec. 31, 2022		$ 27,404	$ 4,105	$ 89,044	$ 296,456	$ 449	$ (17,341)	$ (107,336)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance		0
Redemption		0
Shares issued and commitments to issue common stock for employee share-based compensation awards, and related tax effects				111
Net income	$ 12,622				12,622
Dividends declared:
Preferred stock					(356)
Common stock ($1.15 and $1.00 per share, respectively)					(2,963)
Other comprehensive income/(loss), after-tax	2,923						2,923
Repurchase								(2,955)
Reissuance								919
Ending balance at Mar. 31, 2023	303,082	27,404	4,105	89,155	306,208		(14,418)	(109,372)
Beginning balance at Dec. 31, 2023	327,878	27,404	4,105	90,128	332,901	$ (161)	(10,443)	(116,217)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance		2,496
Redemption		0
Shares issued and commitments to issue common stock for employee share-based compensation awards, and related tax effects				(225)
Net income	13,419				13,419
Dividends declared:
Preferred stock					(397)
Common stock ($1.15 and $1.00 per share, respectively)					(3,348)
Other comprehensive income/(loss), after-tax	(1,196)						(1,196)
Repurchase								(2,858)
Reissuance								1,029
Ending balance at Mar. 31, 2024	$ 336,637	$ 29,900	$ 4,105	$ 89,903	$ 342,414		$ (11,639)	$ (118,046)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Dividends declared:
Dividends declared, Common stock (in dollars per share)	$ 1.15	$ 1

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities
Net income	$ 13,419	$ 12,622
Adjustments to reconcile net income to net cash used in operating activities:
Provision for credit losses	1,884	2,275
Depreciation and amortization	2,004	1,649
Deferred tax (benefit)/expense	(989)	(606)
Bargain purchase gain associated with the First Republic acquisition	16
Other	673	1,738
Originations and purchases of loans held-for-sale	(49,575)	(22,009)
Proceeds from sales, securitizations and paydowns of loans held-for-sale	47,308	20,873
Net change in:
Trading assets	(211,226)	(117,067)
Securities borrowed	2,099	(10,460)
Accrued interest and accounts receivable	(22,557)	9,823
Other assets	9,406	14,129
Trading liabilities	41,064	3,200
Accounts payable and other liabilities	11,611	(27,847)
Other operating adjustments	705	439
Net cash (used in) operating activities	(154,158)	(111,241)
Net change in:
Federal funds sold and securities purchased under resale agreements	(54,371)	(1,317)
Held-to-maturity securities:
Proceeds from paydowns and maturities	35,518	9,258
Purchases	(479)	(3,621)
Available-for-sale securities:
Proceeds from paydowns and maturities	10,356	11,018
Proceeds from sales	28,451	34,554
Purchases	(76,265)	(26,490)
Proceeds from sales and securitizations of loans held-for-investment	13,498	9,230
Other changes in loans, net	876	(2,257)
All other investing activities, net	(963)	(6,581)
Net cash provided by/(used in) investing activities	(43,379)	23,794
Net change in:
Deposits	25,009	33,683
Federal funds purchased and securities loaned or sold under repurchase agreements	109,140	43,722
Short-term borrowings	1,443
Short-term borrowings		(1,876)
Beneficial interests issued by consolidated VIEs	2,664	3,001
Proceeds from long-term borrowings	29,387	8,750
Payments of long-term borrowings	(21,253)	(16,171)
Proceeds from issuance of preferred stock	2,500	0
Treasury stock repurchased	(2,832)	(2,690)
Dividends paid	(3,493)	(3,374)
All other financing activities, net	(1,397)	(488)
Net cash provided by financing activities	141,168	64,557
Effect of exchange rate changes on cash and due from banks and deposits with banks	(5,666)	1,656
Net decrease in cash and due from banks and deposits with banks	(62,035)	(21,234)
Cash and due from banks and deposits with banks at the beginning of the period	624,151	567,234
Cash and due from banks and deposits with banks at the end of the period	562,116	546,000
Cash interest paid	22,864	15,287
Cash income taxes paid, net	$ 1,585	$ 1,382

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of presentation JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”), a financial holding company incorporated under Delaware law in 1968, is a leading financial services firm based in the U.S., with operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. On May 1, 2023, JPMorgan Chase acquired certain assets and assumed certain liabilities of First Republic Bank (the “First Republic acquisition”) from the FDIC. The Firm continues to convert certain operations, and to integrate clients, products and services associated with the First Republic acquisition, to align with the Firm’s businesses and operations. Accordingly, reporting classification and internal risk rating profiles in the wholesale portfolio may change in future periods. Refer to Note 26 for additional information on the First Republic acquisition. The accounting and financial reporting policies of JPMorgan Chase and its subsidiaries conform to U.S. GAAP. Additionally, where applicable, the policies conform to the accounting and reporting guidelines prescribed by regulatory authorities. The unaudited Consolidated Financial Statements prepared in conformity with U.S. GAAP require management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expense, and the disclosures of contingent assets and liabilities. Actual results could be different from these estimates. In the opinion of management, all normal, recurring adjustments have been included such that this interim financial information is fairly stated. These unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements, and related notes thereto, included in JPMorgan Chase’s 2023 Form 10-K. Consolidation The Consolidated Financial Statements include the accounts of JPMorgan Chase and other entities in which the Firm has a controlling financial interest. All material intercompany balances and transactions have been eliminated. Assets held for clients in an agency or fiduciary capacity by the Firm are not assets of JPMorgan Chase and are not included on the Consolidated balance sheets. The Firm determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. Refer to Notes 1 and 14 of JPMorgan Chase’s 2023 Form 10-K for a further description of JPMorgan Chase’s accounting policies regarding consolidation. Offsetting assets and liabilities U.S. GAAP permits entities to present derivative receivables and derivative payables with the same counterparty and the related cash collateral receivables and payables on a net basis on the Consolidated balance sheets when a legally enforceable master netting agreement exists. U.S. GAAP also permits securities financing balances to be presented on a net basis when specified conditions are met, including the existence of a legally enforceable master netting agreement. The Firm has elected to net such balances where it has determined that the specified conditions are met. Refer to Note 1 of JPMorgan Chase’s 2023 Form 10-K for further information on offsetting assets and liabilities. Accounting standard adopted January 1, 2024 Equity Method and Joint Ventures: Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The guidance expanded the types of tax-oriented investments, beyond affordable housing tax credit investments, that the Firm can elect on a program by program basis, to be accounted for using the proportional amortization method. This method requires the cost of eligible investments, within an elected program, to be amortized in proportion to the tax benefits received with the resulting amortization reported directly in income tax expense, which aligns with the associated tax credits and other tax benefits. Eligible investments must meet certain criteria, including that substantially all of the return is from income tax credits and other income tax benefits. This guidance was adopted on January 1, 2024 under the modified retrospective method. The adoption of this guidance resulted in a change to the classification and timing of the amortization associated with certain of the Firm's alternative energy tax-oriented investments. As a result of the adoption, the amortization of these investments that was previously recognized in other income is now being recognized in income tax expense. The change in accounting resulted in a decrease to retained earnings of $161 million and increased the Firm’s income tax expense and the effective tax rate by approximately $450 million and two percentage points, respectively, for the three months ended March 31, 2024, with no material impact to net income. The guidance requires additional disclosure for all investments that generate income tax credits and other income tax benefits from a tax-oriented investment program for which the Firm has elected to apply the proportional amortization method. The guidance also requires a reevaluation of eligible investments when significant modifications or events occur that result in a change in the nature of the investment or a change in the Firm's relationship with the underlying project. Refer to Note 5 and Note 13 for additional information.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair value measurement Refer to Note 2 of JPMorgan Chase’s 2023 Form 10-K for a discussion of the Firm’s valuation methodologies for assets, liabilities and lending-related commitments measured at fair value and the fair value hierarchy. The following table presents the assets and liabilities reported at fair value as of March 31, 2024 and December 31, 2023, by major product category and fair value hierarchy. Assets and liabilities measured at fair value on a recurring basis Fair value hierarchy Derivative (f) March 31, 2024 (in millions) Level 1 Level 2 Level 3 Total fair value Federal funds sold and securities purchased under resale agreements $ — $ 324,418 $ — $ — $ 324,418 Securities borrowed — 84,258 — — 84,258 Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 99,292 729 — 100,021 Residential – nonagency — 1,873 8 — 1,881 Commercial – nonagency — 1,089 12 — 1,101 Total mortgage-backed securities — 102,254 749 — 103,003 U.S. Treasury, GSEs and government agencies (a) 184,768 10,418 — — 195,186 Obligations of U.S. states and municipalities — 5,781 7 — 5,788 Certificates of deposit, bankers’ acceptances and commercial paper — 3,626 — — 3,626 Non-U.S. government debt securities 32,609 70,891 173 — 103,673 Corporate debt securities — 37,925 570 — 38,495 Loans — 8,796 531 — 9,327 Asset-backed securities — 2,687 14 — 2,701 Total debt instruments 217,377 242,378 2,044 — 461,799 Equity securities 215,191 487 203 — 215,881 Physical commodities (b) 1,612 995 2 — 2,609 Other — 17,345 107 — 17,452 Total debt and equity instruments (c) 434,180 261,205 2,356 — 697,741 Derivative receivables: Interest rate 1,287 231,904 4,811 (212,474) 25,528 Credit — 9,518 1,212 (9,999) 731 Foreign exchange 153 182,868 847 (165,780) 18,088 Equity — 80,591 2,913 (76,459) 7,045 Commodity — 17,521 273 (12,565) 5,229 Total derivative receivables 1,440 522,402 10,056 (477,277) 56,621 Total trading assets (d) 435,620 783,607 12,412 (477,277) 754,362 Available-for-sale securities: Mortgage-backed securities: U.S. GSEs and government agencies (a) 10 71,227 — — 71,237 Residential – nonagency — 2,961 — — 2,961 Commercial – nonagency — 2,659 — — 2,659 Total mortgage-backed securities 10 76,847 — — 76,857 U.S. Treasury and government agencies 110,642 134 — — 110,776 Obligations of U.S. states and municipalities — 18,811 — — 18,811 Non-U.S. government debt securities 12,463 7,416 — — 19,879 Corporate debt securities — 89 — — 89 Asset-backed securities: Collateralized loan obligations — 7,164 — — 7,164 Other (a) — 2,576 — — 2,576 Total available-for-sale securities 123,115 113,037 — — 236,152 Loans (e) — 36,145 2,901 — 39,046 Mortgage servicing rights — — 8,605 — 8,605 Other assets (d) 9,772 4,056 811 — 14,639 Total assets measured at fair value on a recurring basis $ 568,507 $ 1,345,521 $ 24,729 $ (477,277) $ 1,461,480 Deposits $ — $ 78,523 $ 2,055 $ — $ 80,578 Federal funds purchased and securities loaned or sold under repurchase agreements — 264,554 — — 264,554 Short-term borrowings — 20,650 2,206 — 22,856 Trading liabilities: Debt and equity instruments (c) 157,774 34,513 37 — 192,324 Derivative payables: Interest rate 1,588 221,085 4,011 (214,678) 12,006 Credit — 11,788 952 (11,590) 1,150 Foreign exchange 155 180,125 823 (171,096) 10,007 Equity — 84,983 5,694 (84,110) 6,567 Commodity — 18,103 776 (12,606) 6,273 Total derivative payables 1,743 516,084 12,256 (494,080) 36,003 Total trading liabilities 159,517 550,597 12,293 (494,080) 228,327 Accounts payable and other liabilities 7,076 1,793 48 — 8,917 Beneficial interests issued by consolidated VIEs — 1 — — 1 Long-term debt — 64,052 28,678 — 92,730 Total liabilities measured at fair value on a recurring basis $ 166,593 $ 980,170 $ 45,280 $ (494,080) $ 697,963 Fair value hierarchy Derivative (f) December 31, 2023 (in millions) Level 1 Level 2 Level 3 Total fair value Federal funds sold and securities purchased under resale agreements $ — $ 259,813 $ — $ — $ 259,813 Securities borrowed — 70,086 — — 70,086 Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 73,840 758 — 74,598 Residential – nonagency — 1,921 5 — 1,926 Commercial – nonagency — 1,362 12 — 1,374 Total mortgage-backed securities — 77,123 775 — 77,898 U.S. Treasury, GSEs and government agencies (a) 133,997 9,998 — — 143,995 Obligations of U.S. states and municipalities — 5,858 10 — 5,868 Certificates of deposit, bankers’ acceptances and commercial paper — 756 — — 756 Non-U.S. government debt securities 24,846 55,557 179 — 80,582 Corporate debt securities — 32,854 484 — 33,338 Loans — 7,872 684 — 8,556 Asset-backed securities — 2,199 6 — 2,205 Total debt instruments 158,843 192,217 2,138 — 353,198 Equity securities 107,926 679 127 — 108,732 Physical commodities (b) 2,479 3,305 7 — 5,791 Other — 17,879 101 — 17,980 Total debt and equity instruments (c) 269,248 214,080 2,373 — 485,701 Derivative receivables: Interest rate 2,815 243,578 4,298 (224,367) 26,324 Credit — 8,644 1,010 (9,103) 551 Foreign exchange 149 204,737 889 (187,756) 18,019 Equity — 55,167 2,522 (52,761) 4,928 Commodity — 15,234 205 (10,397) 5,042 Total derivative receivables 2,964 527,360 8,924 (484,384) 54,864 Total trading assets (d) 272,212 741,440 11,297 (484,384) 540,565 Available-for-sale securities: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 85,170 — — 85,170 Residential – nonagency — 3,639 — — 3,639 Commercial – nonagency — 2,803 — — 2,803 Total mortgage-backed securities — 91,612 — — 91,612 U.S. Treasury and government agencies 57,683 122 — — 57,805 Obligations of U.S. states and municipalities — 21,367 — — 21,367 Non-U.S. government debt securities 13,095 8,187 — — 21,282 Corporate debt securities — 100 — — 100 Asset-backed securities: Collateralized loan obligations — 6,752 — — 6,752 Other (a) — 2,786 — — 2,786 Total available-for-sale securities 70,778 130,926 — — 201,704 Loans (e) — 35,772 3,079 — 38,851 Mortgage servicing rights — — 8,522 — 8,522 Other assets (d) 6,635 3,929 758 — 11,322 Total assets measured at fair value on a recurring basis $ 349,625 $ 1,241,966 $ 23,656 $ (484,384) $ 1,130,863 Deposits $ — $ 76,551 $ 1,833 $ — $ 78,384 Federal funds purchased and securities loaned or sold under repurchase agreements — 169,003 — — 169,003 Short-term borrowings — 18,284 1,758 — 20,042 Trading liabilities: Debt and equity instruments (c) 107,292 32,252 37 — 139,581 Derivative payables: Interest rate 4,409 232,277 3,796 (228,586) 11,896 Credit — 11,293 745 (10,949) 1,089 Foreign exchange 147 211,289 827 (199,643) 12,620 Equity — 60,887 4,924 (56,443) 9,368 Commodity — 15,894 484 (10,504) 5,874 Total derivative payables 4,556 531,640 10,776 (506,125) 40,847 Total trading liabilities 111,848 563,892 10,813 (506,125) 180,428 Accounts payable and other liabilities 3,968 1,617 52 — 5,637 Beneficial interests issued by consolidated VIEs — 1 — — 1 Long-term debt — 60,198 27,726 — 87,924 Total liabilities measured at fair value on a recurring basis $ 115,816 $ 889,546 $ 42,182 $ (506,125) $ 541,419 (a) At March 31, 2024 and December 31, 2023, included total U.S. GSE obligations of $103.8 billion and $78.5 billion, respectively, which were mortgage-related. (b) Physical commodities inventories are generally accounted for at the lower of cost or net realizable value. “Net realizable value” is a term defined in U.S. GAAP as not exceeding fair value less costs to sell (“transaction costs”). Transaction costs for the Firm’s physical commodities inventories are either not applicable or immaterial to the value of the inventory. Therefore, net realizable value approximates fair value for the Firm’s physical commodities inventories. When fair value hedging has been applied (or when net realizable value is below cost), the carrying value of physical commodities approximates fair value, because under fair value hedge accounting, the cost basis is adjusted for changes in fair value. Refer to Note 4 for a further discussion of the Firm’s hedge accounting relationships. To provide consistent fair value disclosure information, all physical commodities inventories have been included in each period presented. (c) Balances reflect the reduction of securities owned (long positions) by the amount of identical securities sold but not yet purchased (short positions). (d) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient are not required to be classified in the fair value hierarchy. At March 31, 2024 and December 31, 2023, the fair values of these investments, which include certain hedge funds, private equity funds, real estate and other funds, were $1.1 billion and $1.0 billion, respectively. Included in these balances at March 31, 2024 and December 31, 2023, were trading assets of $47 million and $42 million, respectively, and other assets of $1.0 billion and $984 million, respectively. (e) At both March 31, 2024 and December 31, 2023, included $10.2 billion of residential first-lien mortgages and $6.0 billion of commercial first-lien mortgages. Residential mortgage loans include conforming mortgage loans originated with the intent to sell to U.S. GSEs and government agencies of $3.4 billion and $2.9 billion, respectively. (f) As permitted under U.S. GAAP, the Firm has elected to net derivative receivables and derivative payables and the related cash collateral received and paid when a legally enforceable master netting agreement exists. The level 3 balances would be reduced if netting were applied, including the netting benefit associated with cash collateral. Level 3 valuations Refer to Note 2 of JPMorgan Chase’s 2023 Form 10-K for further information on the Firm’s valuation process and a detailed discussion of the determination of fair value for individual financial instruments. The following table presents the Firm’s primary level 3 financial instruments, the valuation techniques used to measure the fair value of those financial instruments, the significant unobservable inputs, the range of values for those inputs and the weighted or arithmetic averages of such inputs. While the determination to classify an instrument within level 3 is based on the significance of the unobservable inputs to the overall fair value measurement, level 3 financial instruments typically include observable components (that is, components that are actively quoted and can be validated to external sources) in addition to the unobservable components. The level 1 and/or level 2 inputs are not included in the table. In addition, the Firm manages the risk of the observable components of level 3 financial instruments using securities and derivative positions that are classified within levels 1 or 2 of the fair value hierarchy. The range of values presented in the table is representative of the highest and lowest level input used to value the significant groups of instruments within a product/instrument classification. Where provided, the weighted averages of the input values presented in the table are calculated based on the fair value of the instruments that the input is being used to value. In the Firm’s view, the input range, weighted and arithmetic average values do not reflect the degree of input uncertainty or an assessment of the reasonableness of the Firm’s estimates and assumptions. Rather, they reflect the characteristics of the various instruments held by the Firm and the relative distribution of instruments within the range of characteristics. For example, two option contracts may have similar levels of market risk exposure and valuation uncertainty, but may have significantly different implied volatility levels because the option contracts have different underlyings, tenors, or strike prices. The input range and weighted and arithmetic average values will therefore vary from period-to-period and parameter-to-parameter based on the characteristics of the instruments held by the Firm at each balance sheet date. Level 3 inputs (a) March 31, 2024 Product/Instrument Fair value (in millions) Principal valuation technique Unobservable inputs (g) Range of input values Average (i) Residential mortgage-backed securities and loans (b) $ 1,599 Discounted cash flows Yield 0% 68% 7% Prepayment speed 3% 12% 9% Conditional default rate 0% 6% 0% Loss severity 0% 110% 3% Commercial mortgage-backed securities and loans (c) 1,387 Market comparables Price $0 $90 $80 Corporate debt securities 570 Market comparables Price $0 $243 $100 Loans (d) 1,195 Market comparables Price $0 $111 $80 Non-U.S. government debt securities 173 Market comparables Price $2 $108 $92 Net interest rate derivatives 798 Option pricing Interest rate volatility 25bps 420bps 116bps Interest rate spread volatility 37bps 77bps 64bps Bermudan switch value 0% 52% 20% Interest rate correlation (82)% 90% 19% IR-FX correlation (35)% 60% 4% 2 Discounted cash flows Prepayment speed 0% 20% 6% Net credit derivatives 230 Discounted cash flows Credit correlation 24% 68% 46% Credit spread 0bps 2,999bps 263bps Recovery rate 10% 90% 49% 30 Market comparables Price $0 $115 $72 Net foreign exchange derivatives 83 Option pricing IR-FX correlation (40)% 60% 22% (59) Discounted cash flows Prepayment speed 11% 11% Interest rate curve 2% 17% 7% Net equity derivatives (2,781) Option pricing Forward equity price (h) 76% 152% 101% Equity volatility 4% 137% 32% Equity correlation 1% 100% 57% Equity-FX correlation (88)% 65% (31)% Equity-IR correlation (40)% 25% 3% Net commodity derivatives (503) Option pricing Oil commodity forward $91 / BBL $277 / BBL $184 / BBL Natural gas commodity forward $0 / MMBTU $9 / MMBTU $5 / MMBTU Commodity volatility 15% 24% 19% Commodity correlation (35)% 96% 31% MSRs 8,605 Discounted cash flows Refer to Note 14 Long-term debt, short-term borrowings, and deposits (e) 31,734 Option pricing Interest rate volatility 25bps 420bps 116bps Bermudan switch value 0% 52% 20% Interest rate correlation (82)% 90% 19% IR-FX correlation (35)% 60% 4% Equity volatility 1% 134% 26% Equity correlation 1% 100% 57% Equity-FX correlation (88)% 65% (31)% Equity-IR correlation (40)% 25% 3% 1,205 Discounted cash flows Credit correlation 24% 68% 46% Credit spread 1bps 2,501bps 80bps Recovery rate 20% 60% 39% Yield 5% 20% 12% Loss severity 0% 100% 50% Other level 3 assets and liabilities, net (f) 1,059 (a) The categories presented in the table have been aggregated based upon the product type, which may differ from their classification on the Consolidated balance sheets. Furthermore, the inputs presented for each valuation technique in the table are, in some cases, not applicable to every instrument valued using the technique as the characteristics of the instruments can differ. (b) Comprises U.S. GSE and government agency securities of $729 million, nonagency securities of $8 million and non-trading loans of $862 million. (c) Comprises nonagency securities of $12 million, trading loans of $65 million and non-trading loans of $1.3 billion. (d) Comprises trading loans of $466 million and non-trading loans of $729 million. (e) Long-term debt, short-term borrowings and deposits include structured notes issued by the Firm that are financial instruments that typically contain embedded derivatives. The estimation of the fair value of structured notes includes the derivative features embedded within the instrument. The significant unobservable inputs are broadly consistent with those presented for derivative receivables. (f) Includes equity securities of $783 million including $580 million in Other assets, for which quoted prices are not readily available and the fair value is generally based on internal valuation techniques such as EBITDA multiples and comparable analysis. All other level 3 assets and liabilities are insignificant both individually and in aggregate. (g) Price is a significant unobservable input for certain instruments. When quoted market prices are not readily available, reliance is generally placed on price-based internal valuation techniques. The price input is expressed assuming a par value of $100. (h) Forward equity price is expressed as a percentage of the current equity price. (i) Amounts represent weighted averages except for derivative related inputs where arithmetic averages are used. Changes in and ranges of unobservable inputs Refer to Note 2 of JPMorgan Chase’s 2023 Form 10-K for a discussion of the impact on fair value of changes in unobservable inputs and the relationships between unobservable inputs as well as a description of attributes of the underlying instruments and external market factors that affect the range of inputs used in the valuation of the Firm’s positions. Changes in level 3 recurring fair value measurements The following tables include a rollforward of the Consolidated balance sheets amounts (including changes in fair value) for financial instruments classified by the Firm within level 3 of the fair value hierarchy for the three months ended March 31, 2024 and 2023. When a determination is made to classify a financial instrument within level 3, the determination is based on the significance of the unobservable inputs to the overall fair value measurement. However, level 3 financial instruments typically include, in addition to the unobservable or level 3 components, observable components (that is, components that are actively quoted and can be validated to external sources); accordingly, the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology. The Firm risk-manages the observable components of level 3 financial instruments using securities and derivative positions that are classified within level 1 or 2 of the fair value hierarchy; as these level 1 and level 2 risk management instruments are not included below, the gains or losses in the following tables do not reflect the effect of the Firm’s risk management activities related to such level 3 instruments. Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized gains/(losses) Transfers into Transfers (out of) level 3 Fair value at Change in unrealized gains/(losses) related Purchases (g) Sales Settlements (h) Assets: (a) Federal funds sold and securities purchased under resale agreements $ — $ — $ — $ — $ — $ — $ — $ — $ — Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies 758 1 1 (17) (21) 7 — 729 1 Residential – nonagency 5 (1) — — — 4 — 8 (1) Commercial – nonagency 12 (1) 1 — — — — 12 (1) Total mortgage-backed securities 775 (1) 2 (17) (21) 11 — 749 (1) Obligations of U.S. states and municipalities 10 — — — (2) — (1) 7 — Non-U.S. government debt securities 179 5 51 (67) — 7 (2) 173 (4) Corporate debt securities 484 11 214 (95) (30) 4 (18) 570 12 Loans 684 5 143 (199) (31) 62 (133) 531 5 Asset-backed securities 6 — 1 — — 7 — 14 — Total debt instruments 2,138 20 411 (378) (84) 91 (154) 2,044 12 Equity securities 127 6 81 (30) — 24 (5) 203 7 Physical commodities 7 (2) — — (3) — — 2 (2) Other 101 11 27 — (32) — — 107 4 Total trading assets – debt and equity instruments 2,373 35 (c) 519 (408) (119) 115 (159) 2,356 21 (c) Net derivative receivables: (b) Interest rate 502 (328) 53 (43) 484 129 3 800 (399) Credit 265 (25) — (15) 14 (6) 27 260 87 Foreign exchange 62 3 34 (38) (122) (53) 138 24 67 Equity (2,402) (652) 321 (608) 331 (49) 278 (2,781) (442) Commodity (279) (176) 10 (68) 7 2 1 (503) (182) Total net derivative receivables (1,852) (1,178) (c) 418 (772) 714 23 447 (2,200) (869) (c) Available-for-sale securities: Corporate debt securities — — — — — — — — — Total available-for-sale securities — — — — — — — — — Loans 3,079 37 (c) 60 (22) (392) 303 (164) 2,901 35 (c) Mortgage servicing rights 8,522 278 (e) 60 5 (260) — — 8,605 278 (e) Other assets 758 29 (c) 47 (9) (14) — — 811 28 (c) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized (gains)/losses Transfers into Transfers (out of) level 3 Fair value at Change in unrealized (gains)/losses related Purchases Sales Issuances Settlements (h) Liabilities: (a) Deposits $ 1,833 $ (29) (c)(f) $ — $ — $ 527 $ (203) $ — $ (73) $ 2,055 $ (25) (c)(f) Short-term borrowings 1,758 1 (c)(f) — — 1,645 (1,197) — (1) 2,206 8 (c)(f) Trading liabilities – debt and equity instruments 37 (3) (c) (1) 2 — — 3 (1) 37 (2) (c) Accounts payable and other liabilities 52 (4) (c) (3) 3 — — — — 48 (4) (c) Long-term debt 27,726 551 (c)(f) — — 4,503 (3,851) 17 (268) 28,678 500 (c)(f) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized gains/(losses) Transfers into Transfers (out of) level 3 Fair value at Change in unrealized gains/(losses) related Purchases (g) Sales Settlements (h) Assets: (a) Federal funds sold and securities purchased under resale agreements $ — $ — $ — $ — $ — $ — $ — $ — $ — Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies 759 7 25 (7) (24) — (3) 757 7 Residential – nonagency 5 1 — — (2) 1 — 5 1 Commercial – nonagency 7 1 — — (1) 3 — 10 1 Total mortgage-backed securities 771 9 25 (7) (27) 4 (3) 772 9 Obligations of U.S. states and municipalities 7 — — (1) — — — 6 — Non-U.S. government debt securities 155 11 50 (47) — — — 169 13 Corporate debt securities 463 24 49 (17) — 23 (4) 538 20 Loans 759 8 436 (62) (95) 23 (143) 926 8 Asset-backed securities 23 — 1 (2) (1) 1 (15) 7 — Total debt instruments 2,178 52 561 (136) (123) 51 (165) 2,418 50 Equity securities 665 (31) 58 (71) — 36 (76) 581 (2) Physical commodities 2 — — — (2) — — — — Other 64 (21) 94 — 2 1 — 140 1 Total trading assets – debt and equity instruments 2,909 — 713 (207) (123) 88 (241) 3,139 49 (c) Net derivative receivables: (b) Interest rate 701 346 35 (50) (22) (165) (91) 754 461 Credit 13 246 3 (3) 171 24 (2) 452 239 Foreign exchange 489 89 28 (41) (75) 64 (9) 545 126 Equity (384) 171 318 (687) — 111 (414) (885) 308 Commodity (146) 8 4 (67) (127) 1 40 (287) (31) Total net derivative receivables 673 860 (c) 388 (848) (53) 35 (476) 579 1,103 (c) Available-for-sale securities: Corporate debt securities 239 11 — — — — — 250 11 Total available-for-sale securities 239 11 (d) — — — — — 250 11 (d) Loans 1,418 26 (c) 148 (66) (95) 157 (109) 1,479 16 (c) Mortgage servicing rights 7,973 (11) (e) 31 2 (240) — — 7,755 (11) (e) Other assets 405 5 (c) 12 — (16) — — 406 5 (c) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized (gains)/losses Transfers into Transfers (out of) level 3 Fair value at Change in unrealized (gains)/losses related Purchases Sales Issuances Settlements (h) Liabilities: (a) Deposits $ 2,162 $ 48 (c)(f) $ — $ — $ 128 $ (67) $ — $ (63) $ 2,208 $ 48 (c)(f) Short-term borrowings 1,401 90 (c)(f) — — 1,051 (1,132) — — 1,410 20 (c)(f) Trading liabilities – debt and equity instruments 84 (12) (c) (27) 8 — — 12 (2) 63 1 (c) Accounts payable and other liabilities 53 (1) (c) — 4 — — — — 56 (1) (c) Long-term debt 24,092 1,356 (c)(f) — — 2,733 (2,975) 91 (70) 25,227 1,447 (c)(f) (a) Level 3 assets at fair value as a percentage of total Firm assets at fair value (including assets measured at fair value on a nonrecurring basis) were 2% at both March 31, 2024 and December 31, 2023. Level 3 liabilities at fair value as a percentage of total Firm liabilities at fair value (including liabilities measured at fair value on a nonrecurring basis) were 6% and 8% at March 31, 2024 and December 31, 2023, respectively. (b) All level 3 derivatives are presented on a net basis, irrespective of the underlying counterparty. (c) Predominantly reported in principal transactions revenue, except for changes in fair value for CCB mortgage loans and lending-related commitments originated with the intent to sell, and mortgage loan purchase commitments, which are reported in mortgage fees and related income. (d) Realized gains/(losses) on AFS securities are reported in investment securities gains/(losses). Unrealized gains/(losses) are reported in OCI. Realized and unrealized gains/(losses) recorded on level 3 AFS securities were not material for the three months ended March 31, 2024 and 2023. (e) Changes in fair value for MSRs are reported in mortgage fees and related income. (f) Realized (gains)/losses due to DVA for fair value option elected liabilities are reported in principal transactions revenue, and were not material for the three months ended March 31, 2024 and 2023. Unrealized (gains)/losses are reported in OCI, and were not material for the three months ended March 31, 2024 and 2023. (g) Loan originations are included in purchases. (h) Includes financial assets and liabilities that have matured, been partially or fully repaid, impacts of modifications, deconsolidations associated with beneficial interests in VIEs and other items. Level 3 analysis Consolidated balance sheets changes The following describes significant changes to level 3 assets since December 31, 2023, for those items measured at fair value on a recurring basis. Refer to Assets and liabilities measured at fair value on a nonrecurring basis on page 99 for further information on changes impacting items measured at fair value on a nonrecurring basis. Three months ended March 31, 2024 Level 3 assets were $24.7 billion at March 31, 2024, reflecting an increase of $1.1 billion from December 31, 2023. The increase for the three months ended March 31, 2024 was driven by: • $1.1 billion increase in gross derivative receivables due to gains and purchases largely offset by settlements. Refer to the sections below for additional information. Transfers between levels for instruments carried at fair value on a recurring basis For the three months ended March 31, 2024, and March 31, 2023 there were no significant transfers from level 2 into level 3. For the three months ended March 31, 2024, there were no significant transfers from level 3 into level 2. For the three months ended March 31, 2023, significant transfers from level 3 into level 2 included the following: • $953 million of gross equity derivative receivables as a result of an increase in observability and a decrease in the significance of unobservable inputs. All transfers are based on changes in the observability and/or significance of the valuation inputs and are assumed to occur at the beginning of the quarterly reporting period in which they occur. Gains and losses The following describes significant components of total realized/unrealized gains/(losses) for instruments measured at fair value on a recurring basis for the periods indicated. These amounts exclude any effects of the Firm’s risk management activities where the financial instruments are classified as level 1 and 2 of the fair value hierarchy. Refer to Changes in level 3 recurring fair value measurements rollforward tables on pages 95-98 for further information on these instruments. Three months ended March 31, 2024 • $799 million of net losses on assets, predominantly driven by losses in net equity derivative receivables due to market movements. • $516 million of net losses on liabilities, predominantly driven by losses in long-term debt due to market movements. Three months ended March 31, 2023 • $891 million of net gains on assets, driven by gains in net derivative receivables due to market movements. • $1.5 billion of net losses on liabilities, predominantly driven by an increase in the fair value of long-term debt due to market movements. Credit and funding adjustments — derivatives The following table provides the impact of credit and funding adjustments on principal transactions revenue in the respective periods, excluding the effect of any associated hedging activities. The FVA presented below includes the impact of the Firm’s own credit quality on the inception value of liabilities as well as the impact of changes in the Firm’s own credit quality over time. Three months ended March 31, (in millions) 2024 2023 Credit and funding adjustments: Derivatives CVA $ 76 $ 55 Derivatives FVA 57 (8) Refer to Note 2 of JPMorgan Chase’s 2023 Form 10-K for further information about both credit and funding adjustments, as well as information about valuation adjustments on fair value option elected liabilities. Assets and liabilities measured at fair value on a nonrecurring basis The following tables present the assets and liabilities held as of March 31, 2024 and 2023 , for which nonrecurring fair value adjustments were recorded during the three months ended March 31, 2024 and 2023 , by major product category and fair value hierarchy. Fair value hierarchy Total fair value March 31, 2024 (in millions) Level 1 Level 2 Level 3 Loans $ — $ 871 $ 468 $ 1,339 Other assets (a) — 9 213 222 Total assets measured at fair value on a nonrecurring basis $ — $ 880 $ 681 $ 1,561 Accounts payable and other liabilities — — — — Total liabilities measured at fair value on a nonrecurring basis $ — $ — $ — $ — Fair value hierarchy Total fair value March 31, 2023 (in millions) Level 1 Level 2 Level 3 Loans $ — $ 709 $ 833 $ 1,542 Other assets — 22 179 201 Total assets measured at fair value on a nonrecurring basis $ — $ 731 $ 1,012 $ 1,743 Accounts payable and other liabilities — — 3 3 Total liabilities measured at fair value on a nonrecurring basis $ — $ — $ 3 $ 3 (a) Included impairments on certain equity method investments, as well as equity securities without readily determinable fair values that were adjusted based on observable price changes in orderly transactions from an identical or similar investment of the same issuer (measurement alternative). Of the $213 million in level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2024, $191 million related to equity securities adjusted based on the measurement alternative. These equity securities are classified as level 3 due to the infrequency of the observable prices and/or the restrictions on the shares. Nonrecurring fair value changes The following table presents the total change in value of assets and liabilities for which fair value adjustments have been recognized for the three months ended March 31, 2024 and 2023 , related to assets and liabilities held at those dates. Three months ended March 31, (in millions) 2024 2023 Loans $ (60) $ (37) Other assets (a) (41) (65) Accounts payable and other liabilities — (3) Total nonrecurring fair value gains/(losses) $ (101) $ (105) (a) Included $(39) million and $(61) million for the three months ended March 31, 2024 and 2023, respectively, of net gains/(losses) as a result of the measurement alternative. The current period also included impairments on certain equity method investments. Equity securities without readily determinable fair values The Firm measures certain equity securities without readily determinable fair values at cost less impairment (if any), plus or minus observable price changes from an identical or similar investment of the same issuer (i.e., measurement alternative), with such changes recognized in other income. In its determination of the new carrying values upon observable price changes, the Firm may adjust the prices if deemed necessary to arrive at the Firm’s estimated fair values. Such adjustments may include adjustments to reflect the different rights and obligations of similar securities, and other adjustments that are consistent with the Firm’s valuation techniques for private equity direct investments. The following table presents the carrying value of equity securities without readily determinable fair values held as of March 31, 2024 and 2023 , that are measured under the measurement alternative and the related adjustments recorded during the periods presented for those securities with observable price changes. These securities are included in the nonrecurring fair value tables when applicable price changes are observable. Three months ended March 31, As of or for the period ended, (in millions) 2024 2023 Other assets Carrying value (a) $ 4,467 $ 3,910 Upward carrying value changes (b) 20 35 Downward carrying value changes/impairment (c) (59) (96) (a) The carrying value as of December 31, 2023 was $4.5 billion. The period-end carrying values reflect cumulative purchases and sales in addition to upward and downward carrying value changes. (b) The cumulative upward carrying value changes between January 1, 2018 and March 31, 2024 were $1.2 billion. (c) The cumulative downward carrying value changes/impairment between January 1, 2018 and March 31, 2024 were $(1.3) billion.

Fair Value Option

Fair Value Option	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Option	Fair value option The fair value option provides an option to elect fair value for selected financial assets, financial liabilities, unrecognized firm commitments, and written loan commitments. The Firm has elected to measure certain instruments at fair value for several reasons including to mitigate income statement volatility caused by the differences between the measurement basis of elected instruments (e.g., certain instruments that otherwise would be accounted for on an accrual basis) and the associated risk management arrangements that are accounted for on a fair value basis, as well as to better reflect those instruments that are managed on a fair value basis. The Firm’s election of fair value includes the following instruments: • Loans purchased or originated as part of securitization warehousing activity, subject to bifurcation accounting, or managed on a fair value basis, including lending-related commitments • Certain securities financing agreements • Owned beneficial interests in securitized financial assets that contain embedded credit derivatives, which would otherwise be required to be separately accounted for as a derivative instrument • Structured notes and other hybrid instruments, which are predominantly financial instruments that contain embedded derivatives, that are issued or transacted as part of client-driven activities • Certain long-term beneficial interests issued by CIB’s consolidated securitization trusts where the underlying assets are carried at fair value Changes in fair value under the fair value option election The following table presents the changes in fair value included in the Consolidated statements of income for the three months ended March 31, 2024 and 2023, for items for which the fair value option was elected. The profit and loss information presented below only includes the financial instruments that were elected to be measured at fair value; related risk management instruments, which are required to be measured at fair value, are not included in the table. Three months ended March 31, 2024 2023 (in millions) Principal transactions All other income Total changes in fair value recorded (e) Principal transactions All other income Total changes in fair value recorded (e) Federal funds sold and securities purchased under resale agreements $ 36 $ — $ 36 $ 202 $ — $ 202 Securities borrowed (1) — (1) 88 — 88 Trading assets: Debt and equity instruments, excluding loans 1,248 — 1,248 1,595 — 1,595 Loans reported as trading assets: Changes in instrument-specific credit risk 168 — 168 131 — 131 Other changes in fair value 13 — 13 3 — 3 Loans: Changes in instrument-specific credit risk 125 2 (c) 127 65 1 (c) 66 Other changes in fair value (57) 45 (c) (12) 195 110 (c) 305 Other assets 13 — 13 30 — 30 Deposits (a) (974) — (974) (473) — (473) Federal funds purchased and securities loaned or sold under repurchase agreements 5 — 5 (61) — (61) Short-term borrowings (a) (221) — (221) (159) — (159) Trading liabilities (12) — (12) (15) — (15) Beneficial interests issued by consolidated VIEs — — — — — — Other liabilities 1 — 1 — — — Long-term debt (a)(b) (934) (8) (c)(d) (942) (2,798) (26) (c)(d) (2,824) (a) Unrealized gains/(losses) due to instrument-specific credit risk (DVA) for liabilities for which the fair value option has been elected are recorded in OCI, while realized gains/(losses) are recorded in principal transactions revenue. Realized gains/(losses) due to instrument-specific credit risk recorded in principal transactions revenue were not material both for the three months ended March 31, 2024 and 2023. (b) Long-term debt measured at fair value predominantly relates to structured notes. Although the risk associated with the structured notes is actively managed, the gains/(losses) reported in this table do not include the income statement impact of the risk management instruments used to manage such risk. (c) Reported in mortgage fees and related income. (d) Reported in other income. (e) Changes in fair value exclude contractual interest, which is included in interest income and interest expense for all instruments other than certain hybrid financial instruments in CIB. Refer to Note 6 for further information regarding interest income and interest expense. Difference between aggregate fair value and aggregate remaining contractual principal balance outstanding The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of March 31, 2024 and December 31, 2023, for loans, long-term debt and long-term beneficial interests for which the fair value option has been elected. March 31, 2024 December 31, 2023 (in millions) Contractual principal outstanding Fair value Fair value over/(under) contractual principal outstanding Contractual principal outstanding Fair value Fair value over/(under) contractual principal outstanding Loans Nonaccrual loans Loans reported as trading assets $ 2,684 $ 447 $ (2,237) $ 2,987 $ 588 $ (2,399) Loans 1,111 940 (171) 838 732 (106) Subtotal 3,795 1,387 (2,408) 3,825 1,320 (2,505) 90 or more days past due and government guaranteed Loans (a) 55 50 (5) 65 59 (6) All other performing loans (b) Loans reported as trading assets 10,284 8,880 (1,404) 9,547 7,968 (1,579) Loans 39,598 38,056 (1,542) 38,948 38,060 (888) Subtotal 49,882 46,936 (2,946) 48,495 46,028 (2,467) Total loans $ 53,732 $ 48,373 $ (5,359) $ 52,385 $ 47,407 $ (4,978) Long-term debt Principal-protected debt $ 52,199 (d) $ 43,532 $ (8,667) $ 47,768 (d) $ 38,882 $ (8,886) Nonprincipal-protected debt (c) NA 49,198 NA NA 49,042 NA Total long-term debt NA $ 92,730 NA NA $ 87,924 NA Long-term beneficial interests Nonprincipal-protected debt (c) NA $ 1 NA NA $ 1 NA Total long-term beneficial interests NA $ 1 NA NA $ 1 NA (a) These balances are excluded from nonaccrual loans as the loans are insured and/or guaranteed by U.S. government agencies. (b) There were no performing loans that were ninety days or more past due as of March 31, 2024 and December 31, 2023. (c) Remaining contractual principal is not applicable to nonprincipal-protected structured notes and long-term beneficial interests. Unlike principal-protected structured notes and long-term beneficial interests, for which the Firm is obligated to return a stated amount of principal at maturity, nonprincipal-protected structured notes and long-term beneficial interests do not obligate the Firm to return a stated amount of principal at maturity, but for structured notes to return an amount based on the performance of an underlying variable or derivative feature embedded in the note. However, investors are exposed to the credit risk of the Firm as issuer for both nonprincipal-protected and principal-protected notes. (d) Where the Firm issues principal-protected zero-coupon or discount notes, the balance reflects the contractual principal payment at maturity or, if applicable, the contractual principal payment at the Firm’s next call date. At March 31, 2024 and December 31, 2023, the contractual amount of lending-related commitments for which the fair value option was elected was $11.4 billion and $9.7 billion, respectively, with a corresponding fair value of $93 million and $97 million, respectively. Refer to Note 28 of JPMorgan Chase’s 2023 Form 10-K, and Note 22 of this Form 10-Q for further information regarding off-balance sheet lending-related financial instruments. Structured note products by balance sheet classification and risk component The following table presents the fair value of structured notes, by balance sheet classification and the primary risk type. March 31, 2024 December 31, 2023 (in millions) Long-term debt Short-term borrowings Deposits Total Long-term debt Short-term borrowings Deposits Total Risk exposure Interest rate $ 42,338 $ 553 $ 77,235 $ 120,126 $ 38,604 $ 654 $ 74,526 $ 113,784 Credit 4,939 970 — 5,909 5,444 350 — 5,794 Foreign exchange 2,492 1,449 214 4,155 2,605 941 187 3,733 Equity 40,482 5,696 2,755 48,933 38,685 5,483 2,905 47,073 Commodity 1,818 457 1 (a) 2,276 1,862 11 1 (a) 1,874 Total structured notes $ 92,069 $ 9,125 $ 80,205 $ 181,399 $ 87,200 $ 7,439 $ 77,619 $ 172,258 (a) Excludes deposits linked to precious metals for which the fair value option has not been elected of $636 million and $627 million for the periods ended March 31, 2024 and December 31, 2023, respectively.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative instruments JPMorgan Chase makes markets in derivatives for clients and also uses derivatives to hedge or manage its own risk exposures. Refer to Note 5 of JPMorgan Chase’s 2023 Form 10-K for a further discussion of the Firm’s use of and accounting policies regarding derivative instruments. The Firm’s disclosures are based on the accounting treatment and purpose of these derivatives. A limited number of the Firm’s derivatives are designated in hedge accounting relationships and are disclosed according to the type of hedge (fair value hedge, cash flow hedge, or net investment hedge). Derivatives not designated in hedge accounting relationships include certain derivatives that are used to manage risks associated with specified assets and liabilities (“specified risk management” positions) as well as derivatives used in the Firm’s market-making businesses or for other purposes. The following table outlines the Firm’s primary uses of derivatives and the related hedge accounting designation or disclosure category. Type of Derivative Use of Derivative Designation and disclosure Affected 10-Q page reference Manage specifically identified risk exposures in qualifying hedge accounting relationships: • Interest rate Hedge fixed rate assets and liabilities Fair value hedge Corporate 111-112 • Interest rate Hedge floating-rate assets and liabilities Cash flow hedge Corporate 113 • Foreign exchange Hedge foreign currency-denominated assets and liabilities Fair value hedge Corporate 111-112 • Foreign exchange Hedge foreign currency-denominated forecasted revenue and expense Cash flow hedge Corporate 113 • Foreign exchange Hedge the value of the Firm’s investments in non-U.S. dollar functional currency entities Net investment hedge Corporate 113 • Commodity Hedge commodity inventory Fair value hedge CIB, AWM 111-112 Manage specifically identified risk exposures not designated in qualifying hedge accounting relationships: • Interest rate Manage the risk associated with mortgage commitments, warehouse loans and MSRs Specified risk management CCB 114 • Credit Manage the credit risk associated with wholesale lending exposures Specified risk management CIB, AWM 114 • Interest rate and foreign exchange Manage the risk associated with certain other specified assets and liabilities Specified risk management Corporate, CIB 114 Market-making derivatives and other activities: • Various Market-making and related risk management Market-making and other CIB 114 • Various Other derivatives Market-making and other CIB, AWM, Corporate 114 Notional amount of derivative contracts The following table summarizes the notional amount of free-standing derivative contracts outstanding as of March 31, 2024 and December 31, 2023. Notional amounts (b) (in billions) March 31, 2024 December 31, 2023 Interest rate contracts Swaps $ 25,005 $ 23,251 Futures and forwards 3,701 2,690 Written options 3,282 3,370 Purchased options 3,250 3,362 Total interest rate contracts 35,238 32,673 Credit derivatives (a) 1,216 1,045 Foreign exchange contracts Cross-currency swaps 4,681 4,721 Spot, futures and forwards 8,466 6,957 Written options 871 830 Purchased options 848 798 Total foreign exchange contracts 14,866 13,306 Equity contracts Swaps 769 639 Futures and forwards 192 157 Written options 911 778 Purchased options 817 698 Total equity contracts 2,689 2,272 Commodity contracts Swaps 120 115 Spot, futures and forwards 175 157 Written options 142 130 Purchased options 125 115 Total commodity contracts 562 517 Total derivative notional amounts $ 54,571 $ 49,813 (a) Refer to the Credit derivatives discussion on page 115 for more information on volumes and types of credit derivative contracts. (b) Represents the sum of gross long and gross short third-party notional derivative contracts. Impact of derivatives on the Consolidated balance sheets The following table summarizes information on derivative receivables and payables (before and after netting adjustments) that are reflected on the Firm’s Consolidated balance sheets as of March 31, 2024 and December 31, 2023, by accounting designation (e.g., whether the derivatives were designated in qualifying hedge accounting relationships or not) and contract type. Free-standing derivative receivables and payables (a) Gross derivative receivables Gross derivative payables March 31, 2024 Not designated as hedges Designated as hedges Total derivative receivables Net derivative receivables (b) Not designated as hedges Designated Total derivative payables Net derivative payables (b) Trading assets and liabilities Interest rate $ 238,001 $ 1 $ 238,002 $ 25,528 $ 226,684 $ — $ 226,684 $ 12,006 Credit 10,730 — 10,730 731 12,740 — 12,740 1,150 Foreign exchange 183,020 848 183,868 18,088 180,484 619 181,103 10,007 Equity 83,504 — 83,504 7,045 90,677 — 90,677 6,567 Commodity 17,754 40 17,794 5,229 18,852 27 18,879 6,273 Total fair value of trading assets and liabilities $ 533,009 $ 889 $ 533,898 $ 56,621 $ 529,437 $ 646 $ 530,083 $ 36,003 Gross derivative receivables Gross derivative payables December 31, 2023 Not designated as hedges Designated as hedges Total derivative receivables Net derivative receivables (b) Not designated as hedges Designated Total derivative payables Net derivative payables (b) Trading assets and liabilities Interest rate $ 250,689 $ 2 $ 250,691 $ 26,324 $ 240,482 $ — $ 240,482 $ 11,896 Credit 9,654 — 9,654 551 12,038 — 12,038 1,089 Foreign exchange 205,010 765 205,775 18,019 210,623 1,640 212,263 12,620 Equity 57,689 — 57,689 4,928 65,811 — 65,811 9,368 Commodity 15,228 211 15,439 5,042 16,286 92 16,378 5,874 Total fair value of trading assets and liabilities $ 538,270 $ 978 $ 539,248 $ 54,864 $ 545,240 $ 1,732 $ 546,972 $ 40,847 (a) Balances exclude structured notes for which the fair value option has been elected. Refer to Note 3 for further information. (b) As permitted under U.S. GAAP, the Firm has elected to net derivative receivables and derivative payables and the related cash collateral receivables and payables when a legally enforceable master netting agreement exists. Derivatives netting The following tables present, as of March 31, 2024 and December 31, 2023, gross and net derivative receivables and payables by contract and settlement type. Derivative receivables and payables, as well as the related cash collateral from the same counterparty, have been netted on the Consolidated balance sheets where the Firm has obtained an appropriate legal opinion with respect to the master netting agreement. Where such a legal opinion has not been either sought or obtained, amounts are not eligible for netting on the Consolidated balance sheets, and those derivative receivables and payables are shown separately in the tables below. In addition to the cash collateral received and transferred that is presented on a net basis with derivative receivables and payables, the Firm receives and transfers additional collateral (financial instruments and cash). These amounts mitigate counterparty credit risk associated with the Firm’s derivative instruments, but are not eligible for net presentation: • collateral that consists of liquid securities and other cash collateral held at third-party custodians, which are shown separately as “Collateral not nettable on the Consolidated balance sheets” in the tables below, up to the fair value exposure amount. For the purpose of this disclosure, the definition of liquid securities is consistent with the definition of high quality liquid assets as defined in the LCR rule; • the amount of collateral held or transferred that exceeds the fair value exposure at the individual counterparty level, as of the date presented, which is excluded from the tables below; and • collateral held or transferred that relates to derivative receivables or payables where an appropriate legal opinion has not been either sought or obtained with respect to the master netting agreement, which is excluded from the tables below. March 31, 2024 December 31, 2023 (in millions) Gross derivative receivables Amounts netted on the Consolidated balance sheets Net derivative receivables Gross derivative receivables Amounts netted on the Consolidated balance sheets Net U.S. GAAP nettable derivative receivables Interest rate contracts: Over-the-counter (“OTC”) $ 170,338 $ (146,870) $ 23,468 $ 176,901 $ (152,703) $ 24,198 OTC–cleared 65,545 (65,298) 247 71,419 (71,275) 144 Exchange-traded (a) 323 (306) 17 402 (389) 13 Total interest rate contracts 236,206 (212,474) 23,732 248,722 (224,367) 24,355 Credit contracts: OTC 8,186 (7,656) 530 7,637 (7,226) 411 OTC–cleared 2,405 (2,343) 62 1,904 (1,877) 27 Total credit contracts 10,591 (9,999) 592 9,541 (9,103) 438 Foreign exchange contracts: OTC 181,432 (165,261) 16,171 203,624 (187,295) 16,329 OTC–cleared 519 (519) — 469 (459) 10 Exchange-traded (a) 2 — 2 6 (2) 4 Total foreign exchange contracts 181,953 (165,780) 16,173 204,099 (187,756) 16,343 Equity contracts: OTC 31,191 (29,234) 1,957 25,001 (23,677) 1,324 Exchange-traded (a) 50,237 (47,225) 3,012 30,462 (29,084) 1,378 Total equity contracts 81,428 (76,459) 4,969 55,463 (52,761) 2,702 Commodity contracts: OTC 11,017 (7,641) 3,376 8,049 (5,084) 2,965 OTC–cleared 150 (117) 33 133 (123) 10 Exchange-traded (a) 4,953 (4,807) 146 5,214 (5,190) 24 Total commodity contracts 16,120 (12,565) 3,555 13,396 (10,397) 2,999 Derivative receivables with appropriate legal opinion 526,298 (477,277) 49,021 (d) 531,221 (484,384) 46,837 (d) Derivative receivables where an appropriate legal opinion has not been either sought or obtained 7,600 7,600 8,027 8,027 Total derivative receivables recognized on the Consolidated balance sheets $ 533,898 $ 56,621 $ 539,248 $ 54,864 Collateral not nettable on the Consolidated balance sheets (b)(c) (23,012) (22,461) Net amounts $ 33,609 $ 32,403 March 31, 2024 December 31, 2023 (in millions) Gross derivative payables Amounts netted on the Consolidated balance sheets Net derivative payables Gross derivative payables Amounts netted on the Consolidated balance sheets Net U.S. GAAP nettable derivative payables Interest rate contracts: OTC $ 154,378 $ (144,659) $ 9,719 $ 161,901 $ (152,467) $ 9,434 OTC–cleared 70,016 (69,713) 303 76,007 (75,729) 278 Exchange-traded (a) 421 (306) 115 436 (390) 46 Total interest rate contracts 224,815 (214,678) 10,137 238,344 (228,586) 9,758 Credit contracts: OTC 10,597 (9,581) 1,016 10,332 (9,313) 1,019 OTC–cleared 2,028 (2,009) 19 1,639 (1,636) 3 Total credit contracts 12,625 (11,590) 1,035 11,971 (10,949) 1,022 Foreign exchange contracts: OTC 179,286 (170,556) 8,730 209,386 (199,173) 10,213 OTC–cleared 585 (540) 45 552 (470) 82 Exchange-traded (a) 9 — 9 6 — 6 Total foreign exchange contracts 179,880 (171,096) 8,784 209,944 (199,643) 10,301 Equity contracts: OTC 40,599 (36,886) 3,713 29,999 (27,360) 2,639 Exchange-traded (a) 48,014 (47,224) 790 33,137 (29,083) 4,054 Total equity contracts 88,613 (84,110) 4,503 63,136 (56,443) 6,693 Commodity contracts: OTC 11,137 (7,682) 3,455 8,788 (5,192) 3,596 OTC–cleared 117 (117) — 120 (120) — Exchange-traded (a) 5,005 (4,807) 198 5,376 (5,192) 184 Total commodity contracts 16,259 (12,606) 3,653 14,284 (10,504) 3,780 Derivative payables with appropriate legal opinion 522,192 (494,080) 28,112 (d) 537,679 (506,125) 31,554 (d) Derivative payables where an appropriate legal opinion has not been either sought or obtained 7,891 7,891 9,293 9,293 Total derivative payables recognized on the Consolidated balance sheets $ 530,083 $ 36,003 $ 546,972 $ 40,847 Collateral not nettable on the Consolidated balance sheets (b)(c) (5,095) (4,547) Net amounts $ 30,908 $ 36,300 (a) Exchange-traded derivative balances that relate to futures contracts are settled daily. (b) Includes liquid securities and other cash collateral held at third-party custodians related to derivative instruments where an appropriate legal opinion has been obtained. For some counterparties, the collateral amounts of financial instruments may exceed the derivative receivables and derivative payables balances. Where this is the case, the total amount reported is limited to the net derivative receivables and net derivative payables balances with that counterparty. (c) Derivative collateral relates only to OTC and OTC-cleared derivative instruments. (d) Net derivatives receivable included cash collateral netted of $47.6 billion and $48.3 billion at March 31, 2024 and December 31, 2023, respectively. Net derivatives payable included cash collateral netted of $64.4 billion and $70.0 billion at March 31, 2024 and December 31, 2023, respectively. Derivative cash collateral relates to OTC and OTC-cleared derivative instruments. Liquidity risk and credit-related contingent features Refer to Note 5 of JPMorgan Chase’s 2023 Form 10-K for a more detailed discussion of liquidity risk and credit-related contingent features related to the Firm’s derivative contracts. The following table shows the aggregate fair value of net derivative payables related to OTC and OTC-cleared derivatives that contain contingent collateral or termination features that may be triggered upon a ratings downgrade, and the associated collateral the Firm has posted in the normal course of business, at March 31, 2024 and December 31, 2023. OTC and OTC-cleared derivative payables containing downgrade triggers (in millions) March 31, 2024 December 31, 2023 Aggregate fair value of net derivative payables $ 14,611 $ 14,655 Collateral posted 14,804 14,673 The following table shows the impact of a single-notch and two-notch downgrade of the long-term issuer ratings of JPMorgan Chase & Co. and its subsidiaries, predominantly JPMorgan Chase Bank, N.A., at March 31, 2024 and December 31, 2023, related to OTC and OTC-cleared derivative contracts with contingent collateral or termination features that may be triggered upon a ratings downgrade. Derivatives contracts generally require additional collateral to be posted or terminations to be triggered when the predefined rating threshold is breached. A downgrade by a single rating agency that does not result in a rating lower than a preexisting corresponding rating provided by another major rating agency will generally not result in additional collateral (except in certain instances in which additional initial margin may be required upon a ratings downgrade), nor in termination payment requirements. The liquidity impact in the table is calculated based upon a downgrade below the lowest current rating of the rating agencies referred to in the derivative contract. Liquidity impact of downgrade triggers on OTC and OTC-cleared derivatives March 31, 2024 December 31, 2023 (in millions) Single-notch downgrade Two-notch downgrade Single-notch downgrade Two-notch downgrade Amount of additional collateral to be posted upon downgrade (a) $ 106 $ 1,209 $ 75 $ 1,153 Amount required to settle contracts with termination triggers upon downgrade (b) 91 397 93 592 (a) Includes the additional collateral to be posted for initial margin. (b) Amounts represent fair values of derivative payables, and do not reflect collateral posted. Derivatives executed in contemplation of a sale of the underlying financial asset In certain instances the Firm enters into transactions in which it transfers financial assets but maintains the economic exposure to the transferred assets by entering into a derivative with the same counterparty in contemplation of the initial transfer. The Firm generally accounts for such transfers as collateralized financing transactions as described in Note 10, but in limited circumstances they may qualify to be accounted for as a sale and a derivative under U.S. GAAP. The amount of such transfers accounted for as a sale where the associated derivative was outstanding was not material at both March 31, 2024 and December 31, 2023. Impact of derivatives on the Consolidated statements of income The following tables provide information related to gains and losses recorded on derivatives based on their hedge accounting designation or purpose. Fair value hedge gains and losses The following tables present derivative instruments, by contract type, used in fair value hedge accounting relationships, as well as pre-tax gains/(losses) recorded on such derivatives and the related hedged items for the three months ended March 31, 2024 and 2023, respectively. The Firm includes gains/(losses) on the hedging derivative in the same line item in the Consolidated statements of income as the related hedged item. Gains/(losses) recorded in income Income statement impact of (e) OCI impact Three months ended March 31, 2024 Derivatives Hedged items Income statement impact Amortization approach Changes in fair value Derivatives - Gains/(losses) recorded in OCI (f) Contract type Interest rate (a)(b) $ 318 $ (220) $ 98 $ — $ 112 $ — Foreign exchange (c) (139) 189 50 (116) 50 (27) Commodity (d) 261 (235) 26 — 24 — Total $ 440 $ (266) $ 174 $ (116) $ 186 $ (27) Gains/(losses) recorded in income Income statement impact of excluded components (e) OCI impact Three months ended March 31, 2023 Derivatives Hedged items Income statement impact Amortization approach Changes in fair value Derivatives - Gains/(losses) recorded in OCI (f) Contract type Interest rate (a)(b) $ 1,171 $ (1,103) $ 68 $ — $ 9 $ — Foreign exchange (c) 158 (94) 64 (172) 64 (28) Commodity (d) (1,540) 1,625 85 — 84 — Total $ (211) $ 428 $ 217 $ (172) $ 157 $ (28) (a) Primarily consists of hedges of the benchmark (e.g., Secured Overnight Financing Rate (“SOFR”)) interest rate risk of fixed-rate long-term debt and AFS securities. Gains and losses were recorded in net interest income. (b) Includes the amortization of income/expense associated with the inception hedge accounting adjustment applied to the hedged item. Excludes the accrual of interest on interest rate swaps and the related hedged items. (c) Primarily consists of hedges of the foreign currency risk of long-term debt and AFS securities for changes in spot foreign currency rates. Gains and losses related to the derivatives and the hedged items due to changes in foreign currency rates and the income statement impact of excluded components were recorded primarily in principal transactions revenue and net interest income. (d) Consists of overall fair value hedges of physical commodities inventories that are generally carried at the lower of cost or net realizable value (net realizable value approximates fair value). Gains and losses were recorded in principal transactions revenue. (e) The assessment of hedge effectiveness excludes certain components of the changes in fair values of the derivatives and hedged items such as forward points on foreign exchange forward contracts, time values and cross-currency basis spreads. Excluded components may impact earnings either through amortization of the initial amount over the life of the derivative, or through fair value changes recognized in the current period. (f) Represents the change in value of amounts excluded from the assessment of effectiveness under the amortization approach, predominantly cross-currency basis spreads. The amount excluded at inception of the hedge is recognized in earnings over the life of the derivative. As of March 31, 2024 and December 31, 2023, the following amounts were recorded on the Consolidated balance sheets related to certain cumulative fair value hedge basis adjustments that are expected to reverse through the income statement in future periods as an adjustment to yield. Carrying amount of the hedged items (a)(b) Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items: March 31, 2024 Active hedging relationships (d) Discontinued hedging relationships (d)(e) Total Assets Investment securities - AFS $ 140,677 (c) $ (1,704) $ (1,992) $ (3,696) Liabilities Long-term debt 196,497 (4,124) (9,427) (13,551) Beneficial interests issued by consolidated VIEs 2,325 (23) — (23) Carrying amount of the hedged items (a)(b) Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items: December 31, 2023 Active hedging relationships (d) Discontinued hedging relationships (d)(e) Total Assets Investment securities - AFS $ 151,752 (c) $ 549 $ (2,010) $ (1,461) Liabilities Long-term debt 195,455 (2,042) (9,727) (11,769) Beneficial interests issued by consolidated VIEs — — — — (a) Excludes physical commodities with a carrying value of $2.6 billion and $5.6 billion at March 31, 2024 and December 31, 2023, respectively, to which the Firm applies fair value hedge accounting. As a result of the application of hedge accounting, these inventories are carried at fair value, thus recognizing unrealized gains and losses in current periods. Since the Firm exits these positions at fair value, there is no incremental impact to net income in future periods. (b) Excludes hedged items where only foreign currency risk is the designated hedged risk, as basis adjustments related to foreign currency hedges will not reverse through the income statement in future periods. At March 31, 2024 and December 31, 2023, the carrying amount excluded for AFS securities is $15.9 billion and $19.3 billion, respectively. For both periods, the carrying amount excluded for long-term debt is zero. (c) Carrying amount represents the amortized cost, net of allowance if applicable. At March 31, 2024 and December 31, 2023, the amortized cost of the portfolio layer method closed portfolios was $69.3 billion and $83.9 billion, of which $59.0 billion and $68.0 billion was designated as hedged, respectively. The amount designated as hedged is the sum of the notional amounts of all outstanding layers in each portfolio, which includes both spot starting and forward starting layers. At March 31, 2024 and December 31, 2023, the cumulative amount of basis adjustments was $(1.5) billion and $(165) million, which is comprised of $(1.2) billion and $73 million for active hedging relationships, and $(304) million and $(238) million for discontinued hedging relationships, respectively. Refer to Note 9 for additional information. (d) Positive (negative) amounts related to assets represent cumulative fair value hedge basis adjustments that will reduce (increase) net interest income in future periods. Positive (negative) amounts related to liabilities represent cumulative fair value hedge basis adjustments that will increase (reduce) net interest income in future periods. (e) Represents basis adjustments existing on the balance sheet date associated with hedged items that have been de-designated from qualifying fair value hedging relationships. Cash flow hedge gains and losses The following tables present derivative instruments, by contract type, used in cash flow hedge accounting relationships, and the pre-tax gains/(losses) recorded on such derivatives, for the three months ended March 31, 2024 and 2023, respectively. The Firm includes the gains/(losses) on the hedging derivative in the same line item in the Consolidated statements of income as the change in cash flows on the related hedged item. Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) Three months ended March 31, 2024 Amounts reclassified Amounts recorded Total change Contract type Interest rate (a) $ (620) $ (1,725) $ (1,105) Foreign exchange (b) 31 (37) (68) Total $ (589) $ (1,762) $ (1,173) Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) Three months ended March 31, 2023 Amounts reclassified Amounts recorded Total change in OCI for period Contract type Interest rate (a) $ (427) $ 461 $ 888 Foreign exchange (b) (56) 106 162 Total $ (483) $ 567 $ 1,050 (a) Primarily consists of hedges of SOFR-indexed floating-rate assets. Gains and losses were recorded in net interest income. (b) Primarily consists of hedges of the foreign currency risk of non-U.S. dollar-denominated revenue and expense. The income statement classification of gains and losses follows the hedged item – primarily noninterest revenue and compensation expense. The Firm did not experience any forecasted transactions that failed to occur for the three months ended March 31, 2024 and 2023. Over the next 12 months, the Firm expects that approximately $(1.8) billion (after-tax) of net losses recorded in AOCI at March 31, 2024, related to cash flow hedges will be recognized in income. For cash flow hedges that have been terminated, the maximum length of time over which the derivative results recorded in AOCI will be recognized in earnings is approximately seven years, corresponding to the timing of the originally hedged forecasted cash flows. For open cash flow hedges, the maximum length of time over which forecasted transactions are hedged is approximately seven years. The Firm’s longer-dated forecasted transactions relate to core lending and borrowing activities. Net investment hedge gains and losses The following table presents hedging instruments, by contract type, that were used in net investment hedge accounting relationships, and the pre-tax gains/(losses) recorded on such instruments for the three months ended March 31, 2024 and 2023. Gains/(losses) recorded in income and other comprehensive income/(loss) 2024 2023 Three months ended March 31, Amounts recorded in income (a)(b) Amounts recorded in OCI Amounts recorded in income (a)(b) Amounts recorded in OCI Foreign exchange derivatives $ 89 $ 1,442 $ 84 $ (1,004) (a) Certain components of hedging derivatives are permitted to be excluded from the assessment of hedge effectiveness, such as forward points on foreign exchange forward contracts. The Firm elects to record changes in fair value of these amounts directly in other income. (b) Excludes amounts reclassified from AOCI to income on the sale or liquidation of hedged entities. There were no sales or liquidations of legal entities that resulted in reclassifications for the three month period ended March 31, 2024. During the three months ended March 31, 2023, the Firm reclassified a pre-tax loss of $(41) million to other revenue related to the acquisition of CIFM. Refer to Note 19 for further information. Gains and losses on derivatives used for specified risk management purposes The following table presents pre-tax gains/(losses) recorded on a limited number of derivatives, not designated in hedge accounting relationships, that are used to manage risks associated with certain specified assets and liabilities, including certain risks arising from mortgage commitments, warehouse loans, MSRs, wholesale lending exposures, and foreign currency-denominated assets and liabilities. Derivatives gains/(losses) Three months ended March 31, (in millions) 2024 2023 Contract type Interest rate (a) $ (223) $ (14) Credit (b) (258) (96) Foreign exchange (c) 7 2 Total $ (474) $ (108) (a) Primarily represents interest rate derivatives used to hedge the interest rate risk inherent in mortgage commitments, warehouse loans and MSRs, as well as written commitments to originate warehouse loans. Gains and losses were recorded predominantly in mortgage fees and related income. (b) Relates to credit derivatives used to mitigate credit risk associated with lending exposures in the Firm’s wholesale businesses. These derivatives do not include credit derivatives used to mitigate counterparty credit risk arising from derivative receivables, which is included in gains and losses on derivatives related to market-making activities and other derivatives. Gains and losses were recorded in principal transactions revenue. (c) Primarily relates to derivatives used to mitigate foreign exchange risk of specified foreign currency-denominated assets and liabilities. Gains and losses were recorded in principal transactions revenue. Gains and losses on derivatives related to market-making activities and other derivatives Credit derivatives Refer to Note 5 of JPMorgan Chase’s 2023 Form 10-K for a more detailed discussion of credit derivatives. The following tables present a summary of the notional amounts of credit derivatives and credit-related notes the Firm sold and purchased as of March 31, 2024 and December 31, 2023. The Firm does not use notional amounts of credit derivatives as the primary measure of risk management for such derivatives, because the notional amount does not take into account the probability of the occurrence of a credit event, the recovery value of the reference obligation, or related cash instruments and economic hedges, each of which reduces, in the Firm’s view, the risks associated with such derivatives. Total credit derivatives and credit-related notes Maximum payout/Notional amount March 31, 2024 (in millions) Protection sold Protection purchased with identical underlyings (c) Net protection (sold)/purchased (d) Other protection purchased (e) Credit derivatives Credit default swaps $ (504,864) $ 529,505 $ 24,641 $ 7,556 Other credit derivatives (a) (68,859) 91,669 22,810 13,874 Total credit derivatives (573,723) 621,174 47,451 21,430 Credit-related notes (b) — — — 9,887 Total $ (573,723) $ 621,174 $ 47,451 $ 31,317 Maximum payout/Notional amount December 31, 2023 (in millions) Protection sold Protection purchased with identical underlyings (c) Net protection (sold)/purchased (d) Other protection purchased (e) Credit derivatives Credit default swaps $ (450,172) $ 473,823 $ 23,651 $ 7,517 Other credit derivatives (a) (38,846) 45,416 6,570 29,206 Total credit derivatives (489,018) 519,239 30,221 36,723 Credit-related notes (b) — — — 9,788 Total $ (489,018) $ 519,239 $ 30,221 $ 46,511 (a) Other credit derivatives predominantly consist of credit swap options and total return swaps. (b) Predominantly represents Other protection purchased by CIB. (c) Represents the total notional amount of protection purchased where the underlying reference instrument is identical to the reference instrument on protection sold; the notional amount of protection purchased for each individual identical underlying reference instrument may be greater or lower than the notional amount of protection sold. (d) Does not take into account the fair value of the reference obligation at the time of settlement, which would generally reduce the amount the seller of protection pays to the buyer of protection in determining settlement value. (e) Represents protection purchased by the Firm on referenced instruments (single-name, portfolio or index) where the Firm has not sold any protection on the identical reference instrument. Also includes credit protection against certain loans and lending-related commitments in the retained lending portfolio through the issuance of credit derivatives and credit-related notes. The following tables summarize the notional amounts by the ratings, maturity profile, and total fair value, of credit derivatives as of March 31, 2024 and December 31, 2023, where JPMorgan Chase is the seller of protection. The maturity profile is based on the remaining contractual maturity of the credit derivative contracts. The ratings profile is based on the rating of the reference entity on which the credit derivative contract is based. The ratings and maturity profile of credit derivatives where JPMorgan Chase is the purchaser of protection are comparable to the profile reflected below. Protection sold — credit derivatives ratings (a) /maturity profile March 31, 2024 <1 year 1–5 years >5 years Total Fair value of receivables (b) Fair value of payables (b) Net fair value Risk rating of reference entity Investment-grade $ (116,655) $ (261,889) $ (69,109) $ (447,653) $ 4,436 $ (1,140) $ 3,296 Noninvestment-grade (33,353) (74,872) (17,845) (126,070) 2,419 (1,700) 719 Total $ (150,008) $ (336,761) $ (86,954) $ (573,723) $ 6,855 $ (2,840) $ 4,015 December 31, 2023 <1 year 1–5 years >5 years Total Fair value of receivables (b) Fair value of payables (b) Net fair value Risk rating of reference entity Investment-grade $ (89,981) $ (263,834) $ (29,470) $ (383,285) $ 3,659 $ (1,144) $ 2,515 Noninvestment-grade (31,419) (69,515) (4,799) (105,733) 2,466 (1,583) 883 Total $ (121,400) $ (333,349) $ (34,269) $ (489,018) $ 6,125 $ (2,727) $ 3,398 (a) The ratings scale is primarily based on external credit ratings defined by S&P and Moody’s. (b) Amounts are shown on a gross basis, before the benefit of legally enforceable master netting agreements including cash collateral netting.

Noninterest Revenue and Noninte

Noninterest Revenue and Noninterest Expense	3 Months Ended
	Mar. 31, 2024
Noninterest Income (Expense) [Abstract]
Noninterest Revenue and Noninterest Expense	Noninterest revenue and noninterest expense Noninterest revenue Refer to Note 6 of JPMorgan Chase’s 2023 Form 10-K for a discussion of the components of and accounting policies for the Firm’s noninterest revenue. Investment banking fees The following table presents the components of investment banking fees. Three months ended March 31, (in millions) 2024 2023 Underwriting Equity $ 354 $ 233 Debt 1,003 672 Total underwriting 1,357 905 Advisory 597 744 Total investment banking fees $ 1,954 $ 1,649 Principal transactions The following table presents all realized and unrealized gains and losses recorded in principal transactions revenue. This table excludes interest income and interest expense on trading assets and liabilities, which are an integral part of the overall performance of the Firm’s client-driven market-making activities in CIB and fund deployment activities in Treasury and CIO. Refer to Note 6 for further information on interest income and interest expense. Trading revenue is presented primarily by instrument type. The Firm’s client-driven market-making businesses generally utilize a variety of instrument types in connection with their market-making and related risk-management activities; accordingly, the trading revenue presented in the table below is not representative of the total revenue of any individual LOB. Three months ended March 31, (in millions) 2024 2023 Trading revenue by instrument type Interest rate (a) $ 1,071 $ 1,786 Credit (b) 691 634 Foreign exchange 1,536 1,551 Equity 3,277 2,693 Commodity 200 926 Total trading revenue 6,775 7,590 Private equity gains 15 25 Principal transactions $ 6,790 $ 7,615 (a) Includes the impact of changes in funding valuation adjustments on derivatives. (b) Includes the impact of changes in credit valuation adjustments on derivatives, net of the associated hedging activities. Lending- and deposit-related fees The following table presents the components of lending- and deposit-related fees. Three months ended March 31, (in millions) 2024 2023 Lending-related fees $ 603 (a) $ 369 Deposit-related fees 1,299 1,251 Total lending- and deposit-related fees $ 1,902 $ 1,620 (a) Includes the amortization of the fair value discount on certain acquired lending-related commitments associated with First Republic, predominantly in AWM and CB. The discount is deferred in other liabilities and recognized on a straight-line basis over the commitment period. Refer to Note 26 for additional information. Deposit-related fees include the impact of credits earned by clients that reduce such fees. Asset management fees The following table presents the components of asset management fees. Three months ended March 31, (in millions) 2024 2023 Asset management fees Investment management fees $ 4,059 (a) $ 3,390 All other asset management fees 87 75 Total asset management fees $ 4,146 $ 3,465 (a) Includes the impact of First Republic. Refer to Note 26 for additional information. Commissions and other fees The following table presents the components of commissions and other fees. Three months ended March 31, (in millions) 2024 2023 Commissions and other fees Brokerage commissions $ 763 $ 747 Administration fees 606 557 All other commissions and fees (a) 436 391 Total commissions and other fees $ 1,805 $ 1,695 (a) Includes travel-related and annuity sales commissions, depositary receipt-related service fees, as well as other service fees, which are recognized as revenue when the services are rendered. Card income The following table presents the components of card income. Three months ended March 31, (in millions) 2024 2023 Interchange and merchant processing income $ 7,831 $ 7,139 Rewards costs and partner payments (6,171) (5,509) Other card income (a) (442) (396) Total card income $ 1,218 $ 1,234 (a) Predominantly represents the amortization of account origination costs and annual fees, which are deferred and recognized on a straight-line basis over a 12-month period. Refer to Note 14 for further information on mortgage fees and related income. Other i ncome The following table presents certain components of other income. Three months ended March 31, 2024 2023 Operating lease income $ 672 $ 755 Losses on tax-oriented investments (14) (412) Gain related to the acquisition of CIFM — 339 (a) (a) Gain on the original minority interest in CIFM upon the Firm's acquisition of the remaining 51% of the entity. Effective January 1, 2024, as a result of adopting updates to the Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method guidance, the amortization of certain of the Firm's alternative energy tax-oriented investments that was previously recognized in other income is now being recognized in income tax expense, which aligns with the associated tax credits and other tax benefits. Refer to Notes 1 and 13 for additional information. Refer to Note 16 for information on operating lease income included within other income. Noninterest expense Other expense Other expense on the Firm’s Consolidated statements of income includes the following: Three months ended March 31, (in millions) 2024 2023 Legal expense $ (72) $ 176 FDIC-related expense 973 (a) 317 First Republic-related expense 230 (b) — (a) Included the increase of $725 million to the special assessment instituted by the FDIC reflecting its revised estimated losses to the Deposit Insurance Fund for the three months ended March 31, 2024, which was an adjustment to the $2.9 billion estimate recorded in the three months ended December 31, 2023. (b) Included $155 million restructuring and integration costs associated with First Republic in the three months ended March 31, 2024. Refer to Note 26 for additional information on the First Republic acquisition.

Interest Income and Interest Ex

Interest Income and Interest Expense	3 Months Ended
	Mar. 31, 2024
Interest Income (Expense), Net [Abstract]
Interest Income and Interest Expense	Interest income and Interest expense Refer to Note 7 of JPMorgan Chase’s 2023 Form 10-K for a description of JPMorgan Chase’s accounting policies regarding interest income and interest expense. The following table presents the components of interest income and interest expense. Three months ended March 31, (in millions) 2024 2023 Interest income Loans (a) $ 22,874 $ 17,708 Taxable securities 4,871 3,967 Non-taxable securities (b) 323 248 Total investment securities (a) 5,194 4,215 Trading assets - debt instruments 4,592 3,646 Federal funds sold and securities purchased under resale agreements 4,215 3,131 Securities borrowed 2,166 1,716 Deposits with banks 6,386 4,819 All other interest-earning assets (c) 2,011 1,769 Total interest income $ 47,438 $ 37,004 Interest expense Interest-bearing deposits $ 12,234 $ 7,637 Federal funds purchased and securities loaned or sold under repurchase agreements 3,969 2,804 Short-term borrowings 535 421 Trading liabilities – debt and all other interest-bearing liabilities (d) 2,636 1,971 Long-term debt 4,618 3,313 Beneficial interest issued by consolidated VIEs 364 147 Total interest expense $ 24,356 $ 16,293 Net interest income $ 23,082 $ 20,711 Provision for credit losses 1,884 2,275 Net interest income after provision for credit losses $ 21,198 $ 18,436 (a) Includes the amortization and accretion of purchase premiums and discounts, as well as net deferred fees and costs on loans. (b) Represents securities which are tax-exempt for U.S. federal income tax purposes. (c) Includes interest earned on brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets which are classified in other assets on the Consolidated balance sheets. (d) All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.

Pension and Other Postretiremen

Pension and Other Postretirement Employee Benefit Plans	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Pension and Other Postretirement Employee Benefit Plans	Pension and other postretirement employee benefit plans Refer to Note 8 of JPMorgan Chase’s 2023 Form 10-K for a discussion of JPMorgan Chase’s pension and OPEB plans. The following table presents the net periodic benefit costs reported in the Consolidated statements of income for the Firm’s defined benefit pension, defined contribution and OPEB plans. (in millions) Three months ended March 31, 2024 2023 Pension and OPEB plans Total net periodic defined benefit plan cost/(credit) $ (113) $ (94) Total defined contribution plans 388 365 Total pension and OPEB cost included in noninterest expense $ 275 $ 271 As of March 31, 2024 and December 31, 2023, the fair values of plan assets for the Firm’s significant defined benefit pension and OPEB plans were $22.1 billion and $22.0 billion, respectively.

Employee Share-based Incentives

Employee Share-based Incentives	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Employee Share-based Incentives	Employee share-based incentives Refer to Note 9 of JPMorgan Chase’s 2023 Form 10-K for a discussion of the accounting policies and other information relating to employee share-based incentives. The Firm recognized the following noncash compensation expense related to its various employee share-based incentive plans in its Consolidated statements of income. Three months ended March 31, (in millions) 2024 2023 Cost of prior grants of restricted stock units (“RSUs”), performance share units (“PSUs”) and stock appreciation rights (“SARs”) that are amortized over their applicable vesting periods $ 435 $ 357 Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees 503 513 Total noncash compensation expense related to employee share-based incentive plans $ 938 $ 870 In the first quarter of 2024, in connection with its annual incentive grant for the 2023 performance year, the Firm granted 17 million RSUs and 726 thousand PSUs with weighted-average grant date fair values of $164.42 per RSU and $165.62 per PSU.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment securities Investment securities consist of debt securities that are classified as AFS or HTM. Debt securities classified as trading assets are discussed in Note 2. Predominantly all of the Firm’s AFS and HTM securities are held by Treasury and CIO in connection with its asset-liability management activities. At March 31, 2024, the investment securities portfolio consisted of debt securities with an average credit rating of AA+ (based upon external ratings where available, and where not available, based primarily upon internal risk ratings). Refer to Note 10 of JPMorgan Chase’s 2023 Form 10-K for additional information regarding the investment securities portfolio. The amortized costs and estimated fair values of the investment securities portfolio were as follows for the dates indicated. March 31, 2024 December 31, 2023 (in millions) Amortized cost (d)(e) Gross unrealized gains Gross unrealized losses Fair value Amortized cost (d)(e) Gross unrealized gains Gross unrealized losses Fair value Available-for-sale securities Mortgage-backed securities: U.S. GSEs and government agencies $ 75,141 $ 423 $ 4,327 $ 71,237 $ 88,377 $ 870 $ 4,077 $ 85,170 Residential: U.S. 1,997 7 68 1,936 2,086 10 68 2,028 Non-U.S. 1,021 4 — 1,025 1,608 4 1 1,611 Commercial 2,730 14 85 2,659 2,930 12 139 2,803 Total mortgage-backed securities 80,889 448 4,480 76,857 95,001 896 4,285 91,612 U.S. Treasury and government agencies 111,133 342 699 110,776 58,051 276 522 57,805 Obligations of U.S. states and municipalities 19,077 160 426 18,811 21,243 390 266 21,367 Non-U.S. government debt securities 20,084 156 361 19,879 21,387 254 359 21,282 Corporate debt securities 118 — 29 89 128 — 28 100 Asset-backed securities: Collateralized loan obligations 7,155 23 14 7,164 6,769 11 28 6,752 Other 2,585 11 20 2,576 2,804 8 26 2,786 Unallocated portfolio layer fair value basis adjustments (a) (1,228) — (1,228) NA 73 (73) — NA Total available-for-sale securities 239,813 1,140 4,801 236,152 205,456 1,762 5,514 201,704 Held-to-maturity securities (b) Mortgage-backed securities: U.S. GSEs and government agencies 103,691 23 13,343 90,371 105,614 39 11,643 94,010 U.S. Residential 9,455 3 1,030 8,428 9,709 4 970 8,743 Commercial 10,126 21 471 9,676 10,534 13 581 9,966 Total mortgage-backed securities 123,272 47 14,844 108,475 125,857 56 13,194 112,719 U.S. Treasury and government agencies 143,724 — 13,552 130,172 173,666 — 13,074 160,592 Obligations of U.S. states and municipalities 9,648 42 677 9,013 9,945 74 591 9,428 Asset-backed securities: Collateralized loan obligations 56,178 82 129 56,131 58,565 47 352 58,260 Other 1,705 2 55 1,652 1,815 1 61 1,755 Total held-to-maturity securities (c) 334,527 173 29,257 305,443 369,848 178 27,272 342,754 Total investment securities, net of allowance for credit losses $ 574,340 $ 1,313 $ 34,058 $ 541,595 $ 575,304 $ 1,940 $ 32,786 $ 544,458 (a) Represents the amount of portfolio layer method basis adjustments related to AFS securities hedged in a closed portfolio. Under U.S. GAAP portfolio layer method basis adjustments are not allocated to individual securities, however the amounts impact the unrealized gains or losses in the table for the types of securities being hedged. Refer to Note 4 for additional information. (b) The Firm purchased $479 million and $3.6 billion of HTM securities for the three months ended March 31, 2024 and 2023, respectively. (c) Effective January 1, 2023, the Firm adopted the portfolio layer method hedge accounting guidance which permitted a transfer of HTM securities to AFS upon adoption. The Firm transferred obligations of U.S. states and municipalities with a carrying value of $7.1 billion resulting in the recognition of $38 million net pre-tax unrealized losses in AOCI. This transfer was a non-cash transaction. Refer to Note 19 of this Form 10-Q and Note 1 of JPMorgan Chase’s 2023 Form 10-K for additional information. (d) The amortized cost of investment securities is reported net of allowance for credit losses of $154 million and $128 million at March 31, 2024 and December 31, 2023, respectively. (e) Excludes $3.4 billion and $2.8 billion of accrued interest receivable at March 31, 2024 and December 31, 2023, respectively. The Firm did not reverse through interest income any accrued interest receivable for the three months ended March 31, 2024 and 2023. Refer to Note 10 of JPMorgan Chase’s 2023 Form 10-K for further discussion of accounting policies for accrued interest receivable on investment securities. AFS securities impairment The following tables present the fair value and gross unrealized losses by aging category for AFS securities at March 31, 2024 and December 31, 2023. The tables exclude U.S. Treasury and government agency securities and U.S. GSE and government agency MBS with unrealized losses of $5.0 billion and $4.6 billion, at March 31, 2024 and December 31, 2023, respectively; changes in the value of these securities are generally driven by changes in interest rates rather than changes in their credit profile given the explicit or implicit guarantees provided by the U.S. government. Available-for-sale securities with gross unrealized losses Less than 12 months 12 months or more March 31, 2024 (in millions) Fair value Gross Fair value Gross Total fair value Total gross unrealized losses Available-for-sale securities Mortgage-backed securities: Residential: U.S. $ 143 $ 1 $ 1,089 $ 67 $ 1,232 $ 68 Non-U.S. — — 212 — 212 — Commercial 58 3 1,386 82 1,444 85 Total mortgage-backed securities 201 4 2,687 149 2,888 153 Obligations of U.S. states and municipalities 9,704 158 2,181 268 11,885 426 Non-U.S. government debt securities 7,355 32 4,493 329 11,848 361 Corporate debt securities 9 — 47 29 56 29 Asset-backed securities: Collateralized loan obligations 458 — 1,122 14 1,580 14 Other 169 1 1,015 19 1,184 20 Total available-for-sale securities with gross unrealized losses $ 17,896 $ 195 $ 11,545 $ 808 $ 29,441 $ 1,003 Available-for-sale securities with gross unrealized losses Less than 12 months 12 months or more December 31, 2023 (in millions) Fair value Gross Fair value Gross Total fair value Total gross unrealized losses Available-for-sale securities Mortgage-backed securities: Residential: U.S. $ 81 $ — $ 1,160 $ 68 $ 1,241 $ 68 Non-U.S. — — 722 1 722 1 Commercial 228 3 1,775 136 2,003 139 Total mortgage-backed securities 309 3 3,657 205 3,966 208 Obligations of U.S. states and municipalities 2,134 20 2,278 246 4,412 266 Non-U.S. government debt securities 7,145 23 4,987 336 12,132 359 Corporate debt securities 9 — 79 28 88 28 Asset-backed securities: Collateralized loan obligations 932 2 3,744 26 4,676 28 Other 208 1 1,288 25 1,496 26 Total available-for-sale securities with gross unrealized losses $ 10,737 $ 49 $ 16,033 $ 866 $ 26,770 $ 915 HTM securities – credit risk Credit quality indicator The primary credit quality indicator for HTM securities is the risk rating assigned to each security. At both March 31, 2024 and December 31, 2023, all HTM securities were rated investment grade and were current and accruing, with approximately 99% rated at least AA+. Allowance for credit losses on investment securities The allowance for credit losses on investment securities was $154 million and $90 million as of March 31, 2024 and 2023, respectively, which included a cumulative-effect adjustment to retained earnings related to the transfer of HTM securities to AFS for the period ended March 31, 2023. Refer to Note 10 of JPMorgan Chase’s 2023 Form 10-K for further discussion of accounting policies for AFS and HTM securities. Selected impacts of investment securities on the Consolidated statements of income Three months ended March 31, (in millions) 2024 2023 Realized gains $ 173 $ 131 Realized losses (539) (999) Investment securities losses $ (366) $ (868) Provision for credit losses $ 26 $ 1 Contractual maturities and yields The following table presents the amortized cost and estimated fair value at March 31, 2024, of JPMorgan Chase’s investment securities portfolio by contractual maturity. By remaining maturity Due in one Due after one year through five years Due after five years through 10 years Due after 10 years (c) Total Available-for-sale securities Mortgage-backed securities Amortized cost $ — $ 5,331 $ 4,742 $ 70,816 $ 80,889 Fair value — 5,252 4,773 66,832 76,857 Average yield (a) — % 5.32 % 6.20 % 4.65 % 4.79 % U.S. Treasury and government agencies Amortized cost $ — $ 74,048 $ 30,318 $ 6,767 $ 111,133 Fair value — 73,880 30,464 6,432 110,776 Average yield (a) — % 5.00 % 6.17 % 6.70 % 5.42 % Obligations of U.S. states and municipalities Amortized cost $ 9 $ 22 $ 115 $ 18,931 $ 19,077 Fair value 8 21 114 18,668 18,811 Average yield (a) 3.64 % 1.94 % 3.92 % 5.95 % 5.93 % Non-U.S. government debt securities Amortized cost $ 4,996 $ 5,337 $ 3,980 $ 5,771 $ 20,084 Fair value 4,979 5,304 3,754 5,842 19,879 Average yield (a) 3.31 % 4.56 % 2.10 % 3.98 % 3.59 % Corporate debt securities Amortized cost $ 74 $ 64 $ 14 $ — $ 152 Fair value 12 64 13 — 89 Average yield (a) 15.50 % 6.19 % 4.10 % — % 10.51 % Asset-backed securities Amortized cost $ 35 $ 724 $ 2,637 $ 6,344 $ 9,740 Fair value 35 720 2,641 6,344 9,740 Average yield (a) 5.17 % 4.41 % 6.36 % 6.80 % 6.50 % Total available-for-sale securities Amortized cost (b) $ 5,114 $ 85,526 $ 41,806 $ 108,629 $ 241,075 Fair value 5,034 85,241 41,759 104,118 236,152 Average yield (a) 3.50 % 4.99 % 5.79 % 5.09 % 5.12 % Held-to-maturity securities Mortgage-backed securities Amortized cost $ — $ 6,244 $ 8,239 $ 108,871 $ 123,354 Fair value — 5,782 7,275 95,418 108,475 Average yield (a) — % 2.57 % 2.65 % 3.02 % 2.97 % U.S. Treasury and government agencies Amortized cost $ 35,177 $ 60,356 $ 48,191 $ — $ 143,724 Fair value 34,608 55,446 40,118 — 130,172 Average yield (a) 0.88 % 0.96 % 1.25 % — % 1.04 % Obligations of U.S. states and municipalities Amortized cost $ — $ — $ 268 $ 9,418 $ 9,686 Fair value — — 239 8,774 9,013 Average yield (a) — % — % 3.15 % 3.92 % 3.90 % Asset-backed securities Amortized cost $ — $ 7 $ 20,412 $ 37,464 $ 57,883 Fair value — 7 20,394 37,382 57,783 Average yield (a) — % 6.59 % 6.26 % 6.52 % 6.43 % Total held-to-maturity securities Amortized cost (b) $ 35,177 $ 66,607 $ 77,110 $ 155,753 $ 334,647 Fair value 34,608 61,235 68,026 141,574 305,443 Average yield (a) 0.88 % 1.11 % 2.73 % 3.91 % 2.76 % (a) Average yield is computed using the effective yield of each security owned at the end of the period, weighted based on the amortized cost of each security. The effective yield considers the contractual coupon, amortization of premiums and accretion of discounts, and the effect of related hedging derivatives, including closed portfolio hedges. Taxable-equivalent amounts are used where applicable. The effective yield excludes unscheduled principal prepayments; and accordingly, actual maturities of securities may differ from their contractual or expected maturities as certain securities may be prepaid. However, for certain callable debt securities, the average yield is calculated to the earliest call date. (b) For purposes of this table, the amortized cost of available-for-sale securities excludes the allowance for credit losses of $34 million and the portfolio layer fair value hedge basis adjustments of $(1.2) billion at March 31, 2024. The amortized cost of held-to-maturity securities also excludes the allowance for credit losses of $120 million at March 31, 2024. (c) Substantially all of the Firm’s U.S. residential MBS and collateralized mortgage obligations are due in 10 years or more, based on contractual maturity. The estimated weighted-average life, which reflects anticipated future prepayments, is approximately eight years for agency residential MBS and six years for both agency residential collateralized mortgage obligations and nonagency residential collateralized mortgage obligations.

Securities Financing Activities

Securities Financing Activities	3 Months Ended
	Mar. 31, 2024
Securities Financing Transactions Disclosures [Abstract]
Securities Financing Activities	Securities financing activities Refer to Note 11 of JPMorgan Chase’s 2023 Form 10-K for a discussion of accounting policies relating to securities financing activities. Refer to Note 3 for further information regarding securities financing agreements for which the fair value option has been elected. Refer to Note 23 for further information regarding assets pledged and collateral received in securities financing agreements. The table below summarizes the gross and net amounts of the Firm’s securities financing agreements as of March 31, 2024 and December 31, 2023. When the Firm has obtained an appropriate legal opinion with respect to a master netting agreement with a counterparty and where other relevant netting criteria under U.S. GAAP are met, the Firm nets, on the Consolidated balance sheets, the balances outstanding under its securities financing agreements with the same counterparty. In addition, the Firm exchanges securities and/or cash collateral with its counterparty to reduce the economic exposure with the counterparty, but such collateral is not eligible for net Consolidated balance sheet presentation. Where the Firm has obtained an appropriate legal opinion with respect to the counterparty master netting agreement, such collateral, along with securities financing balances that do not meet all these relevant netting criteria under U.S. GAAP, is presented in the table below as “Amounts not nettable on the Consolidated balance sheets,” and reduces the “Net amounts” presented. Where a legal opinion has not been either sought or obtained, the securities financing balances are presented gross in the “Net amounts” below. In transactions where the Firm is acting as the lender in a securities-for-securities lending agreement and receives securities that can be pledged or sold as collateral, the Firm recognizes the securities received at fair value within other assets and the obligation to return those securities within accounts payable and other liabilities on the Consolidated balance sheets. March 31, 2024 (in millions) Gross amounts Amounts netted on the Consolidated balance sheets Amounts presented on the Consolidated balance sheets Amounts not nettable on the Consolidated balance sheets (b) Net amounts (c) Assets Securities purchased under resale agreements $ 604,201 $ (273,642) $ 330,559 $ (322,889) $ 7,670 Securities borrowed 245,443 (47,107) 198,336 (148,169) 50,167 Liabilities Securities sold under repurchase agreements $ 595,265 $ (273,642) $ 321,623 $ (284,587) $ 37,036 Securities loaned and other (a) 58,708 (47,107) 11,601 (11,369) 232 December 31, 2023 (in millions) Gross amounts Amounts netted on the Consolidated balance sheets Amounts presented on the Consolidated balance sheets Amounts not nettable on the Consolidated balance sheets (b) Net amounts (c) Assets Securities purchased under resale agreements $ 523,308 $ (247,181) $ 276,127 $ (267,582) $ 8,545 Securities borrowed 244,046 (43,610) 200,436 (144,543) 55,893 Liabilities Securities sold under repurchase agreements $ 459,985 $ (247,181) $ 212,804 $ (182,011) $ 30,793 Securities loaned and other (a) 52,142 (43,610) 8,532 (8,501) 31 (a) Includes securities-for-securities lending agreements of $8.9 billion and $5.6 billion at March 31, 2024 and December 31, 2023, respectively, accounted for at fair value, where the Firm is acting as lender. (b) In some cases, collateral exchanged with a counterparty exceeds the net asset or liability balance with that counterparty. In such cases, the amounts reported in this column are limited to the related net asset or liability with that counterparty. (c) Includes securities financing agreements that provide collateral rights, but where an appropriate legal opinion with respect to the master netting agreement has not been either sought or obtained. At March 31, 2024 and December 31, 2023, included $5.5 billion and $7.1 billion, respectively, of securities purchased under resale agreements; $45.6 billion and $50.7 billion, respectively, of securities borrowed; $36.2 billion and $30.0 billion, respectively, of securities sold under repurchase agreements; and securities loaned and other which were not material at both March 31, 2024 and December 31, 2023. The tables below present as of March 31, 2024 and December 31, 2023 the types of financial assets pledged in securities financing agreements and the remaining contractual maturity of the securities financing agreements. Gross liability balance March 31, 2024 December 31, 2023 (in millions) Securities sold under repurchase agreements Securities loaned and other Securities sold under repurchase agreements Securities loaned and other Mortgage-backed securities U.S. GSEs and government agencies $ 71,065 $ — $ 71,064 $ — Residential - nonagency 2,233 — 2,292 — Commercial - nonagency 2,357 — 2,669 — U.S. Treasury, GSEs and government agencies 300,105 809 216,467 1,034 Obligations of U.S. states and municipalities 2,189 — 2,323 — Non-U.S. government debt 134,763 2,682 97,400 1,455 Corporate debt securities 41,765 2,437 39,247 2,025 Asset-backed securities 4,181 — 2,703 — Equity securities 36,607 52,780 25,820 47,628 Total $ 595,265 $ 58,708 $ 459,985 $ 52,142 Remaining contractual maturity of the agreements Overnight and continuous Greater than March 31, 2024 (in millions) Up to 30 days 30 – 90 days Total Total securities sold under repurchase agreements $ 270,443 $ 193,549 $ 43,467 $ 87,806 $ 595,265 Total securities loaned and other 57,204 292 2 1,210 58,708 Remaining contractual maturity of the agreements Overnight and continuous Greater than December 31, 2023 (in millions) Up to 30 days 30 – 90 days Total Total securities sold under repurchase agreements $ 259,048 $ 102,941 $ 20,960 $ 77,036 $ 459,985 Total securities loaned and other 49,610 1,544 — 988 52,142 Transfers not qualifying for sale accounting At March 31, 2024 and December 31, 2023, the Firm held $443 million and $505 million of financial assets for which the rights have been transferred to third parties; however, the transfers did not qualify as a sale in accordance with U.S. GAAP. These transfers have been recognized as collateralized financing transactions. The transferred assets are recorded in trading assets and loans, and the corresponding liabilities are recorded primarily in short-term borrowings and long-term debt on the Consolidated balance sheets.

Loans

Loans	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Loans	Loans Loan accounting framework The accounting for a loan depends on management’s strategy for the loan. The Firm accounts for loans based on the following categories: • Originated or purchased loans held-for-investment (i.e., “retained”) • Loans held-for-sale • Loans at fair value Refer to Note 12 of JPMorgan Chase's 2023 Form 10-K for a detailed discussion of loans, including accounting policies. Refer to Note 3 of this Form 10-Q for further information on the Firm's elections of fair value accounting under the fair value option. Refer to Note 2 of this Form 10-Q for information on loans carried at fair value and classified as trading assets. Loan portfolio The Firm’s loan portfolio is divided into three portfolio segments, which are the same segments used by the Firm to determine the allowance for loan losses: Consumer, excluding credit card; Credit card; and Wholesale. Within each portfolio segment the Firm monitors and assesses the credit risk in the following classes of loans, based on the risk characteristics of each loan class. Consumer, excluding Credit card Wholesale (c)(d) • Residential real estate (a) • Auto and other (b) • Credit card loans • Secured by real estate • Commercial and industrial • Other (e) (a) Includes scored mortgage and home equity loans held in CCB and AWM, and scored mortgage loans held in CIB. (b) Includes scored auto, business banking and consumer unsecured loans as well as overdrafts, primarily in CCB. (c) Includes loans held in CIB, CB, AWM, Corporate, and risk-rated exposure held in CCB, for which the wholesale methodology is applied when determining the allowance for loan losses. (d) The wholesale portfolio segment's classes align with loan classifications as defined by the bank regulatory agencies, based on the loan's collateral, purpose, and type of borrower. (e) Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs. The following tables summarize the Firm’s loan balances by portfolio segment. March 31, 2024 Consumer, excluding credit card Credit card Wholesale Total (a)(b) (in millions) Retained $ 389,592 $ 206,740 $ 667,761 $ 1,264,093 Held-for-sale 1,331 — 5,146 6,477 At fair value 12,481 — 26,565 39,046 Total $ 403,404 $ 206,740 $ 699,472 $ 1,309,616 December 31, 2023 Consumer, excluding credit card Credit card Wholesale Total (a)(b) (in millions) Retained $ 397,275 $ 211,123 $ 672,472 $ 1,280,870 Held-for-sale 487 — 3,498 3,985 At fair value 12,331 — 26,520 38,851 Total $ 410,093 $ 211,123 $ 702,490 $ 1,323,706 (a) Excludes $6.8 billion of accrued interest receivables at both March 31, 2024 and December 31, 2023. The Firm wrote off accrued interest receivables of $31 million and $11 million for the three months ended March 31, 2024 and 2023, respectively. (b) Loans (other than those for which the fair value option has been elected) are presented net of unamortized discounts and premiums and net deferred loan fees or costs. These amounts were not material as of March 31, 2024 and December 31, 2023. For the discount associated with First Republic loans see Note 26 on pages 171-173. The following tables provide information about the carrying value of retained loans purchased, sold and reclassified to held-for-sale during the periods indicated. Loans that were reclassified to held-for-sale and sold in a subsequent period are excluded from the sales line of this table. 2024 2023 Three months ended March 31, Consumer, excluding Credit card Wholesale Total Consumer, excluding Credit card Wholesale Total Purchases $ 124 (b)(c) $ — $ 161 $ 285 $ 79 (b)(c) $ — $ 163 $ 242 Sales 3,364 — 9,582 12,946 — — 9,171 9,171 Retained loans reclassified to held-for-sale (a) 987 — 185 1,172 43 — 314 357 (a) Reclassifications of loans to held-for-sale are non-cash transactions. (b) Includes purchases of residential real estate loans, including the Firm’s voluntary repurchases of certain delinquent loans from loan pools as permitted by Government National Mortgage Association (“Ginnie Mae”) guidelines for the three months ended March 31, 2024 and 2023. The Firm typically elects to repurchase these delinquent loans as it continues to service them and/or manage the foreclosure process in accordance with applicable requirements of Ginnie Mae, FHA, RHS, and/or VA. (c) Excludes purchases of retained loans of $204 million and $663 million for the three months ended March 31, 2024 and 2023, respectively, which are predominantly sourced through the correspondent origination channel and underwritten in accordance with the Firm’s standards. Gains and losses on sales of loans Net gains/(losses) on sales of loans and lending-related commitments (including adjustments to record loans and lending-related commitments held-for-sale at the lower of cost or fair value) recognized in noninterest revenue for the three months ended March 31, 2024 was $96 million of which $66 million was related to loans. Net gains/(losses) on sales of loans and lending-related commitments for the three months ended March 31, 2023 was $23 million of which $27 million was related to loans. In addition, the sale of loans may also result in write downs, recoveries or changes in the allowance recognized in the provision for credit losses. Consumer, excluding credit card loan portfolio Consumer loans, excluding credit card loans, consist primarily of scored residential mortgages, home equity loans and lines of credit, auto and business banking loans, with a focus on serving the prime consumer credit market. These loans include home equity loans secured by junior liens, prime mortgage loans with an interest-only payment period, and certain payment-option loans that may result in negative amortization. The following table provides information about retained consumer loans, excluding credit card, by class. (in millions) March 31, December 31, Residential real estate $ 319,984 $ 326,409 Auto and other 69,608 70,866 Total retained loans $ 389,592 $ 397,275 Delinquency rates are the primary credit quality indicator for consumer loans. Refer to Note 12 of JPMorgan Chase's 2023 Form 10-K for further information on consumer credit quality indicators. Residential real estate Delinquency is the primary credit quality indicator for retained residential real estate loans. The following tables provide information on delinquency and gross charge-offs. (in millions, except ratios) March 31, 2024 Term loans by origination year (c) Revolving loans Total 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Loan delinquency (a) Current $ 2,148 $ 20,058 $ 63,668 $ 83,481 $ 54,894 $ 78,706 $ 7,053 $ 7,845 $ 317,853 30–149 days past due — 19 114 95 49 762 42 230 1,311 150 or more days past due — 2 42 30 34 540 8 164 820 Total retained loans $ 2,148 $ 20,079 $ 63,824 $ 83,606 $ 54,977 $ 80,008 $ 7,103 $ 8,239 $ 319,984 % of 30+ days past due to total retained loans (b) — % 0.10 % 0.24 % 0.15 % 0.15 % 1.61 % 0.70 % 4.78 % 0.66 % Gross charge-offs $ — $ — $ — $ — $ — $ 55 $ 5 $ 3 $ 63 (in millions, except ratios) December 31, 2023 Term loans by origination year (c) Revolving loans Total 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Loan delinquency (a) Current $ 23,216 $ 64,366 $ 84,496 $ 55,546 $ 21,530 $ 59,563 $ 7,479 $ 8,151 $ 324,347 30–149 days past due 33 74 89 70 41 801 49 223 1,380 150 or more days past due 1 10 17 8 21 456 5 164 682 Total retained loans $ 23,250 $ 64,450 $ 84,602 $ 55,624 $ 21,592 $ 60,820 $ 7,533 $ 8,538 $ 326,409 % of 30+ days past due to total retained loans (b) 0.15 % 0.13 % 0.13 % 0.14 % 0.29 % 2.04 % 0.72 % 4.53 % 0.63 % Gross charge-offs $ — $ — $ — $ — $ 4 $ 167 $ 26 $ 7 $ 204 (a) Individual delinquency classifications include mortgage loans insured by U.S. government agencies which were not material at March 31, 2024 and December 31, 2023. (b) Excludes mortgage loans that are 30 or more days past due insured by U.S. government agencies which were not material at March 31, 2024 and December 31, 2023. These amounts have been excluded based upon the government guarantee. (c) Purchased loans are included in the year in which they were originated. Approximately 37% of the total revolving loans are senior lien loans; the remaining balance are junior lien loans. The lien position the Firm holds is considered in the Firm’s allowance for credit losses. Revolving loans that have been converted to term loans have higher delinquency rates than those that are still within the revolving period. That is primarily because the fully-amortizing payment that is generally required for those products is higher than the minimum payment options available for revolving loans within the revolving period. Nonaccrual loans and other credit quality indicators The following table provides information on nonaccrual and other credit quality indicators for retained residential real estate loans. (in millions, except weighted-average data) March 31, 2024 December 31, 2023 Nonaccrual loans (a)(b)(c)(d) $ 3,449 $ 3,466 Current estimated LTV ratios (e)(f)(g) Greater than 125% and refreshed FICO scores: Equal to or greater than 660 $ 70 $ 72 Less than 660 — — 101% to 125% and refreshed FICO scores: Equal to or greater than 660 228 223 Less than 660 5 4 80% to 100% and refreshed FICO scores: Equal to or greater than 660 6,533 6,491 Less than 660 102 102 Less than 80% and refreshed FICO scores: Equal to or greater than 660 302,573 309,251 Less than 660 9,436 9,277 No FICO/LTV available (h) 1,037 989 Total retained loans $ 319,984 $ 326,409 Weighted-average LTV ratio (e)(i) 48 % 49 % Weighted-average FICO (f)(i) 776 770 Geographic region (h)(j) California $ 125,046 $ 127,072 New York 48,175 48,815 Florida 22,371 22,778 Texas 15,106 15,506 Massachusetts 14,014 14,213 Colorado 10,590 10,800 Illinois 10,540 10,856 Washington 9,573 9,923 New Jersey 7,863 8,050 Connecticut 7,020 7,163 All other 49,686 51,233 Total retained loans $ 319,984 $ 326,409 (a) I ncludes collateral-dependent residential real estate loans that are charged down to the fair value of the underlying collateral less costs to sell. The Firm reports, in accordance with regulatory guidance, residential real estate loans that have been discharged under Chapter 7 bankruptcy and not reaffirmed by the borrower (“Chapter 7 loans”) as collateral-dependent nonaccrual loans, regardless of their delinquency status. At March 31, 2024, approximately 9% of Chapter 7 residential real estate loans were 30 days or more past due. (b) Mortgage loans insured by U.S. government agencies excluded from nonaccrual loans were not material at March 31, 2024 and December 31, 2023. (c) Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative. (d) Interest income on nonaccrual loans recognized on a cash basis was $43 million and $45 million for the three months ended March 31, 2024 and 2023, respectively. (e) Represents the aggregate unpaid principal balance of loans divided by the estimated current property value. Current property values are estimated, at a minimum, quarterly, based on home valuation models using nationally recognized home price index valuation estimates incorporating actual data to the extent available and forecasted data where actual data is not available. Current estimated combined LTV for junior lien home equity loans considers all available lien positions, as well as unused lines, related to the property. (f) Refreshed FICO scores represent each borrower’s most recent credit score, which is obtained by the Firm on at least a quarterly basis. (g) Includes residential real estate loans, primarily held in LLCs in AWM that did not have a refreshed FICO score. These loans have been included in a FICO band based on management’s estimation of the borrower’s credit quality. (h) Included U.S. government-guaranteed loans as of March 31, 2024 and December 31, 2023. (i) Excludes loans with no FICO and/or LTV data available. (j) The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at March 31, 2024. Loan modifications The Firm grants certain modifications of residential real estate loans to borrowers experiencing financial difficulty. The Firm's proprietary modification programs as well as government programs, including U.S. GSE programs, that generally provide various modifications to borrowers experiencing financial difficulty including, but not limited to, interest rate reductions, term extensions, other-than-insignificant payment deferral and principal forgiveness that would otherwise have been required under the terms of the original agreement, are considered FDMs. Refer to Note 12 of JPMorgan Chase's 2023 Form 10-K for further information. Financial effects of FDMs For the three months ended March 31, 2024, residential real estate FDMs were $39 million. The financial effects of the FDMs, which were predominantly in the form of term extensions and interest rate reductions, included extending the weighted-average life of the loans by 16 years and reducing the weighted-average contractual interest rate from 7.39% to 4.28%. For the three months ended March 31, 2023, residential real estate FDMs were $38 million. The financial effects of the FDMs, which were largely in the form of term extensions and interest rate reductions, included extending the weighted-average life of the loans up to 24 years, and reducing the weighted-average contractual interest rate from 5.84% to 3.57%. As of March 31, 2024 and December 31, 2023, there were no additional commitments to lend to borrowers experiencing financial difficulty whose loans have been modified as FDMs. For the three months ended March 31, 2024 and 2023, loans subject to a trial modification and Chapter 7 loans were not material. Payment status of FDMs and defaults The following table provides information on the payment status of FDMs during the twelve months ended March 31, 2024 and the three months ended March 31, 2023. (in millions) Amortized cost basis Twelve months ended March 31, Three months ended March 31, 2024 2023 Current $ 97 $ 37 30-149 days past due 17 1 150 or more days past due 11 — Total $ 125 $ 38 FDMs that defaulted in the three months ended March 31, 2024 and were reported as FDMs in the twelve months prior to the default were not material. There were no FDMs that defaulted during the three months ended March 31, 2023 and were reported as FDMs on or after January 1, 2023, the date that the Firm adopted the changes to the TDR accounting guidance. Refer to Note 1 of JPMorgan Chase's 2023 Form 10-K for further information. Active and suspended foreclosure At March 31, 2024 and December 31, 2023, the Firm had residential real estate loans, excluding those insured by U.S. government agencies, with a carrying value of $608 million and $566 million, respectively, that were not included in REO, but were in the process of active or suspended foreclosure. Auto and other Delinquency is the primary credit quality indicator for retained auto and other loans. The following tables provide information on delinquency and gross charge-offs. March 31, 2024 (in millions, except ratios) Term loans by origination year Revolving loans 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Total Loan delinquency Current $ 7,175 $ 26,329 $ 13,361 $ 11,306 $ 5,538 $ 1,724 $ 3,190 $ 103 $ 68,726 30–119 days past due 55 232 228 180 62 39 23 28 847 120 or more days past due — 1 1 5 8 — 1 19 35 Total retained loans $ 7,230 $ 26,562 $ 13,590 $ 11,491 $ 5,608 $ 1,763 $ 3,214 $ 150 $ 69,608 % of 30+ days past due to total retained loans 0.76 % 0.88 % 1.69 % 1.56 % 1.07 % 2.21 % 0.75 % 31.33 % 1.24 % Gross charge-offs $ 22 $ 111 $ 63 $ 36 $ 11 $ 24 $ — $ 1 $ 268 December 31, 2023 (in millions, except ratios) Term loans by origination year Revolving loans 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Total Loan delinquency Current $ 30,328 $ 14,797 $ 12,825 $ 6,538 $ 1,777 $ 511 $ 2,984 $ 102 $ 69,862 30–119 days past due 276 279 231 78 43 17 19 24 967 120 or more days past due 1 1 7 8 — — 3 17 37 Total retained loans $ 30,605 $ 15,077 $ 13,063 $ 6,624 $ 1,820 $ 528 $ 3,006 $ 143 $ 70,866 % of 30+ days past due to total retained loans 0.91 % 1.86 % 1.75 % 1.15 % 2.36 % 3.22 % 0.73 % 28.67 % 1.39 % Gross charge-offs $ 333 $ 297 $ 161 $ 53 $ 35 $ 64 $ — $ 4 $ 947 Nonaccrual and other credit quality indicators The following table provides information on nonaccrual and other credit quality indicators for retained auto and other consumer loans. (in millions) Total Auto and other March 31, 2024 December 31, 2023 Nonaccrual loans (a)(b) $ 181 $ 177 Geographic region (c) California $ 10,794 $ 10,959 Texas 8,318 8,502 Florida 5,632 5,684 New York 4,911 4,938 Illinois 3,059 3,147 New Jersey 2,565 2,609 Pennsylvania 1,907 1,900 Georgia 1,858 1,912 Arizona 1,736 1,779 North Carolina 1,679 1,714 All other 27,149 27,722 Total retained loans $ 69,608 $ 70,866 (a) Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative. (b) Interest income on nonaccrual loans recognized on a cash basis was not material for the three months ended March 31, 2024 and 2023 . (c) The geographic regions presented in this table are ordered based on the magnitude of the corresponding loan balances at March 31, 2024. Loan modifications The Firm grants certain modifications of auto and other loans to borrowers experiencing financial difficulty. For the three months ended March 31, 2024 and 2023, auto and other FDMs were not material. As of March 31, 2024 and December 31, 2023, there were no additional commitments to lend to borrowers modified as FDMs. Credit card loan portfolio The credit card portfolio segment includes credit card loans originated and purchased by the Firm. Delinquency rates are the primary credit quality indicator for credit card loans. Refer to Note 12 of JPMorgan Chase's 2023 Form 10-K for further information on the credit card loan portfolio, including credit quality indicators. The following tables provide information on delinquency and gross charge-offs. (in millions, except ratios) March 31, 2024 Within the revolving period Converted to term loans Total Loan delinquency Current and less than 30 days past due and still accruing $ 201,163 $ 974 $ 202,137 30–89 days past due and still accruing 2,106 93 2,199 90 or more days past due and still accruing 2,351 53 2,404 Total retained loans $ 205,620 $ 1,120 $ 206,740 Loan delinquency ratios % of 30+ days past due to total retained loans 2.17 % 13.04 % 2.23 % % of 90+ days past due to total retained loans 1.14 4.73 1.16 Gross charge-offs $ 1,860 $ 54 $ 1,914 (in millions, except ratios) December 31, 2023 Within the revolving period Converted to term loans Total Loan delinquency Current and less than 30 days past due and still accruing $ 205,731 $ 882 $ 206,613 30–89 days past due and still accruing 2,217 84 2,301 90 or more days past due and still accruing 2,169 40 2,209 Total retained loans $ 210,117 $ 1,006 $ 211,123 Loan delinquency ratios % of 30+ days past due to total retained loans 2.09 % 12.33 % 2.14 % % of 90+ days past due to total retained loans 1.03 3.98 1.05 Gross charge-offs $ 5,325 $ 166 $ 5,491 Other credit quality indicators The following table provides information on other credit quality indicators for retained credit card loans. (in millions, except ratios) March 31, 2024 December 31, 2023 Geographic region (a) California $ 32,053 $ 32,652 Texas 21,833 22,086 New York 16,561 16,915 Florida 15,043 15,103 Illinois 11,137 11,364 New Jersey 8,495 8,688 Ohio 6,211 6,424 Colorado 6,210 6,307 Pennsylvania 5,885 6,088 Arizona 5,179 5,209 All other 78,133 80,287 Total retained loans $ 206,740 $ 211,123 Percentage of portfolio based on carrying value with estimated refreshed FICO scores Equal to or greater than 660 85.2 % 85.8 % Less than 660 14.7 14.0 No FICO available 0.1 0.2 (a) The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at March 31, 2024. Loan modifications The Firm grants certain modifications of credit card loans to borrowers experiencing financial difficulty. These modifications may involve placing the customer’s credit card account on a fixed payment plan, generally for 60 months, which typically includes reducing the interest rate on the credit card account. If the borrower does not make the contractual payments when due under the modified payment terms, the credit card loan continues to age and will be charged-off in accordance with the Firm's standard charge-off policy. In most cases, the Firm does not reinstate the borrower's line of credit. Financial effects of FDMs The following tables provide information on credit card loan modifications considered FDMs. Three months ended March 31, 2024 Amortized % of loan modifications to total retained credit card loans Financial effect of loan modifications Loan modifications Term extension and interest rate reduction (a)(b) $ 259 0.13 % Term extension with a reduction in the weighted average contractual interest rate from 23.88% to 3.30% Total $ 259 Three months ended March 31, 2023 Amortized % of loan modifications to total retained credit card loans Financial effect of loan modifications Loan modifications Term extension and interest rate reduction (a)(b) $ 163 0.09 % Term extension with a reduction in the weighted average contractual interest rate from 22.62% to 3.50% Total $ 163 (a) Term extension includes credit card loans whose terms have been modified under long-term programs by placing the customer's credit card account on a fixed payment plan. (b) Interest rates represent the weighted average at the time of modification. For the three months ended March 31, 2024 and 2023, credit card loans subject to trial modifications were not material. Payment status of FDMs and defaults The following table provides information on the payment status of FDMs during the twelve months ended March 31, 2024 and the three months ended March 31, 2023. (in millions) Amortized cost basis Twelve months ended March 31, Three months ended March 31, 2024 2023 Current and less than 30 days past due and still accruing $ 626 $ 113 30-89 days past due and still accruing 65 30 90 or more days past due and still accruing 43 20 Total $ 734 $ 163 FDMs that defaulted in the three months ended March 31, 2024 and were reported as FDMs in the twelve months prior to the default were not material. There were no FDMs that defaulted during the three months ended March 31, 2023 and were reported as FDMs on or after January 1, 2023, the date that the Firm adopted the changes to the TDR accounting guidance. Refer to Note 1 of JPMorgan Chase's 2023 Form 10-K for further information. For credit card loans modified as FDMs, payment default is deemed to have occurred when the borrower misses two consecutive contractual payments. Defaulted modified credit card loans remain in the modification program and continue to be charged off in accordance with the Firm's standard charge-off policy. Wholesale loan portfolio Wholesale loans include loans made to a variety of clients, ranging from large corporate and institutional clients, to small businesses and high-net-worth individuals. The primary credit quality indicator for wholesale loans is the internal risk rating assigned to each loan. Refer to Note 12 of JPMorgan Chase’s 2023 Form 10-K for further information on these risk ratings. Internal risk rating is the primary credit quality indicator for retained wholesale loans. The following tables provide information on internal risk rating and gross charge-offs. Secured by real estate Commercial and industrial Other (a) Total retained loans (in millions, except ratios) Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Loans by risk ratings Investment-grade $ 118,829 $ 120,405 $ 71,308 $ 72,624 $ 263,455 $ 265,809 $ 453,592 $ 458,838 Noninvestment-grade: Noncriticized 35,333 34,241 82,426 80,637 71,091 75,178 188,850 190,056 Criticized performing 8,431 7,291 12,349 12,684 1,612 1,257 22,392 21,232 Criticized nonaccrual 591 401 1,435 1,221 901 724 2,927 2,346 Total noninvestment-grade 44,355 41,933 96,210 94,542 73,604 77,159 214,169 213,634 Total retained loans $ 163,184 $ 162,338 $ 167,518 $ 167,166 $ 337,059 $ 342,968 $ 667,761 $ 672,472 % of investment-grade to total retained loans 72.82 % 74.17 % 42.57 % 43.44 % 78.16 % 77.50 % 67.93 % 68.23 % % of total criticized to total retained loans 5.53 4.74 8.23 8.32 0.75 0.58 3.79 3.51 % of criticized nonaccrual to total retained loans 0.36 0.25 0.86 0.73 0.27 0.21 0.44 0.35 (a) Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. As of March 31, 2024 and December 31, 2023, predominantly consisted of $105.2 billion and $106.9 billion, respectively, to individuals and individual entities; $87.3 billion and $91.2 billion, respectively, to SPEs; and $85.1 billion and $87.5 billion, respectively, to financial institutions. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs. Secured by real estate (in millions) March 31, 2024 Term loans by origination year Revolving loans 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 1,847 $ 10,697 $ 28,184 $ 24,877 $ 16,470 $ 35,371 $ 1,383 $ — $ 118,829 Noninvestment-grade 1,042 4,818 12,979 8,575 3,743 11,795 1,402 1 44,355 Total retained loans $ 2,889 $ 15,515 $ 41,163 $ 33,452 $ 20,213 $ 47,166 $ 2,785 $ 1 $ 163,184 Gross charge-offs $ — $ 5 $ 20 $ — $ — $ 3 $ — $ — $ 28 Secured by real estate (in millions) December 31, 2023 Term loans by origination year Revolving loans 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 10,687 $ 28,874 $ 25,784 $ 16,820 $ 15,677 $ 21,108 $ 1,455 $ — $ 120,405 Noninvestment-grade 4,477 12,579 7,839 3,840 3,987 7,918 1,291 2 41,933 Total retained loans $ 15,164 $ 41,453 $ 33,623 $ 20,660 $ 19,664 $ 29,026 $ 2,746 $ 2 $ 162,338 Gross charge-offs $ 20 $ 48 $ 22 $ — $ 23 $ 78 $ — $ 1 $ 192 Commercial and industrial (in millions) March 31, 2024 Term loans by origination year Revolving loans 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 5,552 $ 9,804 $ 9,117 $ 4,040 $ 1,705 $ 1,818 $ 39,229 $ 43 $ 71,308 Noninvestment-grade 4,860 15,466 15,898 8,476 1,707 1,795 47,935 73 96,210 Total retained loans $ 10,412 $ 25,270 $ 25,015 $ 12,516 $ 3,412 $ 3,613 $ 87,164 $ 116 $ 167,518 Gross charge-offs $ 3 $ 3 $ 19 $ 3 $ 1 $ 3 $ 43 $ — $ 75 Commercial and industrial (in millions) December 31, 2023 Term loans by origination year Revolving loans 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 14,875 $ 10,642 $ 4,276 $ 2,291 $ 1,030 $ 1,115 $ 38,394 $ 1 $ 72,624 Noninvestment-grade 18,890 16,444 9,299 1,989 1,144 1,006 45,696 74 94,542 Total retained loans $ 33,765 $ 27,086 $ 13,575 $ 4,280 $ 2,174 $ 2,121 $ 84,090 $ 75 $ 167,166 Gross charge-offs $ 25 $ 8 $ 110 $ 55 $ 2 $ 12 $ 259 $ 8 $ 479 Other (a) (in millions) March 31, 2024 Term loans by origination year Revolving loans 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 10,191 $ 32,625 $ 17,015 $ 9,037 $ 9,635 $ 9,691 $ 173,115 $ 2,146 $ 263,455 Noninvestment-grade 3,696 10,946 7,375 5,779 1,998 2,532 41,223 55 73,604 Total retained loans $ 13,887 $ 43,571 $ 24,390 $ 14,816 $ 11,633 $ 12,223 $ 214,338 $ 2,201 $ 337,059 Gross charge-offs $ — $ 7 $ — $ 18 $ 7 $ 1 $ — $ — $ 33 Other (a) (in millions) December 31, 2023 Term loans by origination year Revolving loans 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 38,338 $ 18,034 $ 10,033 $ 10,099 $ 3,721 $ 6,662 $ 176,728 $ 2,194 $ 265,809 Noninvestment-grade 14,054 8,092 6,169 2,172 811 2,001 43,801 59 77,159 Total retained loans $ 52,392 $ 26,126 $ 16,202 $ 12,271 $ 4,532 $ 8,663 $ 220,529 $ 2,253 $ 342,968 Gross charge-offs $ 5 $ 298 $ 8 $ 8 $ — $ 8 $ 13 $ — $ 340 (a) Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs. The following table presents additional information on retained loans secured by real estate, which consists of loans secured wholly or substantially by a lien or liens on real property at origination. (in millions, except ratios) Multifamily Other commercial Total retained loans secured by real estate Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Retained loans secured by real estate $ 101,514 $ 100,725 $ 61,670 $ 61,613 $ 163,184 $ 162,338 Criticized 3,654 3,596 5,368 4,096 9,022 7,692 % of criticized to total retained loans secured by real estate 3.60 % 3.57 % 8.70 % 6.65 % 5.53 % 4.74 % Criticized nonaccrual $ 89 $ 76 $ 502 $ 325 $ 591 $ 401 % of criticized nonaccrual loans to total retained loans secured by real estate 0.09 % 0.08 % 0.81 % 0.53 % 0.36 % 0.25 % Geographic distribution and delinquency The following table provides information on the geographic distribution and delinquency for retained wholesale loans. Secured by real estate Commercial Other Total (in millions) Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Loans by geographic distribution (a) Total U.S. $ 159,958 $ 159,499 $ 128,254 $ 127,638 $ 258,961 $ 262,499 $ 547,173 $ 549,636 Total non-U.S. 3,226 2,839 39,264 39,528 78,098 80,469 120,588 122,836 Total retained loans $ 163,184 $ 162,338 $ 167,518 $ 167,166 $ 337,059 $ 342,968 $ 667,761 $ 672,472 Loan delinquency Current and less than 30 days past due and still accruing $ 162,174 $ 161,314 $ 165,088 $ 164,899 $ 334,642 $ 341,128 $ 661,904 $ 667,341 30–89 days past due and still accruing 407 473 779 884 1,492 1,090 2,678 2,447 90 or more days past due and still accruing (b) 12 150 216 162 24 26 252 338 Criticized nonaccrual 591 401 1,435 1,221 901 724 2,927 2,346 Total retained loans $ 163,184 $ 162,338 $ 167,518 $ 167,166 $ 337,059 $ 342,968 $ 667,761 $ 672,472 (a) The U.S. and non-U.S. distribution is determined based predominantly on the domicile of the borrower. (b) Represents loans that are considered well-collateralized and therefore still accruing interest. Nonaccrual loans The following table provides information on retained wholesale nonaccrual loans. Secured by real estate Commercial Other Total Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Nonaccrual loans With an allowance $ 128 $ 129 $ 970 $ 776 $ 664 $ 492 $ 1,762 $ 1,397 Without an allowance (a) 463 272 465 445 237 232 1,165 949 Total nonaccrual loans (b) $ 591 $ 401 $ 1,435 $ 1,221 $ 901 $ 724 $ 2,927 $ 2,346 (a) When the discounted cash flows or collateral value equals or exceeds the amortized cost of the loan, the loan does not require an allowance. This typically occurs when the loans have been partially charged off and/or there have been interest payments received and applied to the loan balance. (b) Interest in

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2024
Credit Loss [Abstract]
Allowance for Credit Losses	Allowance for credit losses The Firm's allowance for credit losses represents management's estimate of expected credit losses over the remaining expected life of the Firm's financial assets measured at amortized cost and certain off-balance sheet lending-related commitments. Refer to Note 13 of JPMorgan Chase's 2023 Form 10-K for a detailed discussion of the allowance for credit losses and the related accounting policies. Allowance for credit losses and related information The table below summarizes information about the allowances for credit losses and includes a breakdown of loans and lending-related commitments by impairment methodology. Refer to Note 10 of JPMorgan Chase’s 2023 Form 10-K and Note 9 of this Form 10-Q for further information on the allowance for credit losses on investment securities. 2024 2023 Three months ended March 31, (in millions) Consumer, excluding Credit card Wholesale Total Consumer, excluding credit card Credit card Wholesale Total Allowance for loan losses Beginning balance at January 1, $ 1,856 $ 12,450 $ 8,114 $ 22,420 $ 2,040 $ 11,200 $ 6,486 $ 19,726 Cumulative effect of a change in accounting principle (a) NA NA NA NA (489) (100) 2 (587) Gross charge-offs 331 1,914 136 2,381 235 1,111 105 1,451 Gross recoveries collected (148) (227) (50) (425) (103) (189) (22) (314) Net charge-offs/(recoveries) 183 1,687 86 1,956 132 922 83 1,137 Provision for loan losses 56 1,837 (6) 1,887 247 1,222 578 2,047 Other 1 — (1) — — — 4 4 Ending balance at March 31, $ 1,730 $ 12,600 $ 8,021 $ 22,351 $ 1,666 $ 11,400 $ 6,987 $ 20,053 Allowance for lending-related commitments Beginning balance at January 1, $ 75 $ — $ 1,899 $ 1,974 $ 76 $ — $ 2,306 $ 2,382 Provision for lending-related commitments 21 — (81) (60) 1 — (14) (13) Other — — 2 2 — — 1 1 Ending balance at March 31, $ 96 $ — $ 1,820 $ 1,916 $ 77 $ — $ 2,293 $ 2,370 Total allowance for investment securities NA NA NA 154 NA NA NA 90 Total allowance for credit losses (b)(c) $ 1,826 $ 12,600 $ 9,841 $ 24,421 $ 1,743 $ 11,400 $ 9,280 $ 22,513 Allowance for loan losses by impairment methodology Asset-specific (d) $ (873) $ — $ 514 $ (359) $ (1,030) $ — $ 437 $ (593) Portfolio-based 2,603 12,600 7,507 22,710 2,696 11,400 6,550 20,646 Total allowance for loan losses $ 1,730 $ 12,600 $ 8,021 $ 22,351 $ 1,666 $ 11,400 $ 6,987 $ 20,053 Loans by impairment methodology Asset-specific (d) $ 3,216 $ — $ 2,927 $ 6,143 $ 3,560 $ — $ 2,189 $ 5,749 Portfolio-based 386,376 206,740 664,834 1,257,950 296,887 180,079 602,135 1,079,101 Total retained loans $ 389,592 $ 206,740 $ 667,761 $ 1,264,093 $ 300,447 $ 180,079 $ 604,324 $ 1,084,850 Collateral-dependent loans Net charge-offs $ 3 $ — $ 47 $ 50 $ 4 $ — $ 18 $ 22 Loans measured at fair value of collateral less cost to sell 3,260 — 1,131 4,391 3,539 — 586 4,125 Allowance for lending-related commitments by impairment methodology Asset-specific $ — $ — $ 85 $ 85 $ — $ — $ 45 $ 45 Portfolio-based 96 — 1,735 1,831 77 — 2,248 2,325 Total allowance for lending-related commitments (e) $ 96 $ — $ 1,820 $ 1,916 $ 77 $ — $ 2,293 $ 2,370 Lending-related commitments by impairment methodology Asset-specific $ — $ — $ 390 $ 390 $ — $ — $ 401 $ 401 Portfolio-based (f) 28,994 — 511,263 540,257 21,569 — 466,600 488,169 Total lending-related commitments $ 28,994 $ — $ 511,653 $ 540,647 $ 21,569 $ — $ 467,001 $ 488,570 (a) Represents the impact to the allowance for loan losses upon the adoption of the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance. Refer to Note 1 of JPMorgan Chase's 2023 Form 10-K for further information. (b) At March 31, 2024 and 2023, in addition to the allowance for credit losses in the table above, the Firm also had an allowance for credit losses of $274 million and $20 million, respectively, associated with certain accounts receivable in CIB. At March 31, 2023, the Firm also had an allowance for credit losses of $241 million associated with Other assets in Corporate. (c) As of March 31, 2024, included the allowance for credit losses associated with First Republic. (d) Includes collateral-dependent loans, including those for which foreclosure is deemed probable, and nonaccrual risk-rated loans. (e) The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets. (f) At March 31, 2024 and 2023, lending-related commitments excluded $17.7 billion and $16.0 billion, respectively, for the consumer, excluding credit card portfolio segment; $943.9 billion and $861.2 billion, respectively, for the credit card portfolio segment; and $20.9 billion and $17.5 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments. Discussion of changes in the allowance The allowance for credit losses as of March 31, 2024 was relatively flat when compared to December 31, 2023, reflecting: • a net reduction of $142 million in wholesale , which included a net addition associated with net downgrade activity, largely in Real Estate, primarily in CB, which was more than offset by the net impact of changes in the loan and lending-related commitment portfolios, as well as updates to certain macroeconomic variables, and • a net addition of $44 million in consumer , consisting of: – $153 million in Card Services, primarily due to seasoning of newer vintages, largely offset by reduced borrower uncertainty, predominantly offset by: – a $125 million net reduction in Home Lending, primarily driven by improvements in the outlook for home prices. The Firm has maintained the additional weight placed on the adverse scenarios in the first quarter of 2023 to reflect downside risks as a result of persistent inflation and tightening financial conditions. The Firm's allowance for credit losses is estimated using a weighted average of five internally developed macroeconomic scenarios. The adverse scenarios incorporate more punitive macroeconomic factors than the central case assumptions provided in the table below, resulting in a weighted average U.S. unemployment rate peaking at 5.4% in the first quarter of 2025, and a weighted average U.S. real GDP level that is 1.7% lower than the central case at the end of the second quarter of 2025. The following table presents the Firm’s central case assumptions for the periods presented: Central case assumptions 2Q24 4Q24 2Q25 U.S. unemployment rate (a) 3.9 % 4.2 % 4.1 % YoY growth in U.S. real GDP (b) 2.6 % 0.9 % 1.2 % Central case assumptions 2Q24 4Q24 2Q25 U.S. unemployment rate (a) 4.1 % 4.4 % 4.1 % YoY growth in U.S. real GDP (b) 1.8 % 0.7 % 1.0 % (a) Reflects quarterly average of forecasted U.S. unemployment rate. (b) The year over year growth in U.S. real GDP in the forecast horizon of the central scenario is calculated as the percentage change in U.S. real GDP levels from the prior year. Subsequent changes to this forecast and related estimates will be reflected in the provision for credit losses in future periods. Refer to Note 13 and Note 10 of JPMorgan Chase’s 2023 Form 10-K for a description of the policies, methodologies and judgments used to determine the Firm’s allowance for credit losses on loans, lending-related commitments, and investment securities. Refer to Consumer Credit Portfolio on pages 54-57, Wholesale Credit Portfolio on pages 58-66 and Note 11 for additional information on the consumer and wholesale credit portfolios. Refer to Critical Accounting Estimates Used by the Firm on pages 78-80 for further information on the allowance for credit losses and related management judgments.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2024
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable interest entities Refer to Note 1 and Note 14 of JPMorgan Chase’s 2023 Form 10-K for a further description of the Firm's accounting policies regarding consolidation of and involvement with VIEs. The following table summarizes the most significant types of Firm-sponsored VIEs by business segment. The Firm considers a “Firm-sponsored” VIE to include any entity where: (1) JPMorgan Chase is the primary beneficiary of the structure; (2) the VIE is used by JPMorgan Chase to securitize Firm assets; (3) the VIE issues financial instruments with the JPMorgan Chase name; or (4) the entity is a JPMorgan Chase–administered asset-backed commercial paper conduit. Line of Business Transaction Type Activity Form 10-Q page references CCB Credit card securitization trusts Securitization of originated credit card receivables 144 Mortgage securitization trusts Servicing and securitization of both originated and purchased residential mortgages 144–146 CIB Mortgage and other securitization trusts Securitization of both originated and purchased residential and commercial mortgages, and other consumer loans 144–146 Multi-seller conduits Assisting clients in accessing the financial markets in a cost-efficient manner and structuring transactions to meet investor needs 146 Municipal bond vehicles Financing of municipal bond investments 146 In addition, CIB also invests in and provides financing and other services to VIEs sponsored by third parties. Refer to pages 147–148 of this Note for more information on the VIEs sponsored by third parties. Significant Firm-sponsored VIEs Credit card securitizations As a result of the Firm’s continuing involvement, the Firm is considered to be the primary beneficiary of its Firm-sponsored credit card securitization trust, the Chase Issuance Trust. Firm-sponsored mortgage and other securitization trusts The Firm securitizes (or has securitized) originated and purchased residential mortgages, commercial mortgages and other consumer loans primarily in its CCB and CIB businesses. Depending on the particular transaction, as well as the respective business involved, the Firm may act as the servicer of the loans and/or retain certain beneficial interests in the securitization trusts. The following tables present the total unpaid principal amount of assets held in Firm-sponsored private-label securitization entities, including those in which the Firm has continuing involvement, and those that are consolidated by the Firm. Continuing involvement includes servicing the loans, holding senior interests or subordinated interests (including amounts required to be held pursuant to credit risk retention rules), recourse or guarantee arrangements, and derivative contracts. In certain instances, the Firm’s only continuing involvement is servicing the loans. The Firm’s maximum loss exposure from retained and purchased interests is the carrying value of these interests. Refer to page 150 of this Note for information on the securitization-related loan delinquencies and liquidation losses. Principal amount outstanding JPMorgan Chase interest in securitized assets in nonconsolidated VIEs (c)(d)(e) March 31, 2024 (in millions) Total assets held by securitization VIEs Assets Assets held in nonconsolidated securitization VIEs with continuing involvement Trading assets Investment securities Other financial assets Total interests held by JPMorgan Securitization-related (a) Residential mortgage: Prime/Alt-A and option ARMs $ 61,900 $ 665 $ 41,639 $ 547 $ 1,900 $ 83 $ 2,530 Subprime 8,999 — 1,600 20 23 — 43 Commercial and other (b) 167,405 — 116,054 520 5,607 1,398 7,525 Total $ 238,304 $ 665 $ 159,293 $ 1,087 $ 7,530 $ 1,481 $ 10,098 Principal amount outstanding JPMorgan Chase interest in securitized assets in nonconsolidated VIEs (c)(d)(e) December 31, 2023 (in millions) Total assets held by securitization VIEs Assets Assets held in nonconsolidated securitization VIEs with continuing involvement Trading assets Investment securities Other financial assets Total interests held by Securitization-related (a) Residential mortgage: Prime/Alt-A and option ARMs $ 58,570 $ 675 $ 39,319 $ 595 $ 1,981 $ 60 $ 2,636 Subprime 8,881 — 1,312 3 — — 3 Commercial and other (b) 168,042 — 120,262 831 5,638 1,354 7,823 Total $ 235,493 $ 675 $ 160,893 $ 1,429 $ 7,619 $ 1,414 $ 10,462 (a) Excludes U.S. GSEs and government agency securitizations and re-securitizations, which are not Firm-sponsored. (b) Consists of securities backed by commercial real estate loans and non-mortgage-related consumer receivables. (c) Excludes the following: retained servicing; securities retained from loan sales and securitization activity related to U.S. GSEs and government agencies; interest rate and foreign exchange derivatives primarily used to manage interest rate and foreign exchange risks of securitization entities; senior securities of $134 million and $52 million at March 31, 2024 and December 31, 2023, respectively, and subordinated securities which were $119 million and $38 million at March 31, 2024 and December 31, 2023, respectively, which the Firm purchased in connection with CIB’s secondary market-making activities. (d) Includes interests held in re-securitization transactions. (e) As of March 31, 2024 and December 31, 2023, 77% of the Firm’s retained securitization interests, which are predominantly carried at fair value and include amounts required to be held pursuant to credit risk retention rules, were risk-rated “A” or better, on an S&P-equivalent basis. The retained interests in prime residential mortgages consisted of $2.4 billion and $2.5 billion of investment-grade retained interests at March 31, 2024 and December 31, 2023, respectively, and $115 million and $88 million of noninvestment-grade retained interests at March 31, 2024 and December 31, 2023, respectively. The retained interests in commercial and other securitization trusts consisted of $5.8 billion and $6.1 billion of investment-grade retained interests at March 31, 2024 and December 31, 2023, respectively, and $1.7 billion of noninvestment-grade retained interests at both March 31, 2024 and December 31, 2023. Residential mortgage The Firm securitizes residential mortgage loans originated by CCB, as well as residential mortgage loans purchased from third parties by either CCB or CIB. Commercial mortgages and other consumer securitizations CIB originates and securitizes commercial mortgage loans, and engages in underwriting and trading activities involving the securities issued by securitization trusts. Re-securitizations The following table presents the principal amount of securities transferred to re-securitization VIEs. Three months ended March 31, (in millions) 2024 2023 Transfers of securities to VIEs U.S. GSEs and government agencies $ 8,406 $ 3,406 The Firm did not transfer any private label securities to re-securitization VIEs during the three months ended March 31, 2024 and 2023, respectively and retained interests in any such Firm-sponsored VIEs as of March 31, 2024 and December 31, 2023 were not material. The following table presents information on the Firm's interests in nonconsolidated re-securitization VIEs. Nonconsolidated (in millions) March 31, 2024 December 31, 2023 U.S. GSEs and government agencies Interest in VIEs $ 2,877 $ 3,371 As of March 31, 2024 and December 31, 2023, the Firm did not consolidate any U.S. GSE and government agency re-securitization VIEs or any Firm-sponsored private-label re-securitization VIEs. Multi-seller conduits In the normal course of business, JPMorgan Chase makes markets in and invests in commercial paper issued by the Firm-administered multi-seller conduits. The Firm held $4.6 billion and $9.8 billion of the commercial paper issued by the Firm-administered multi-seller conduits at March 31, 2024 and December 31, 2023, respectively, which have been eliminated in consolidation. The Firm’s investments reflect the Firm’s funding needs and capacity and were not driven by market illiquidity. Other than the amounts required to be held pursuant to credit risk retention rules, the Firm is not obligated under any agreement to purchase the commercial paper issued by the Firm-administered multi-seller conduits. Deal-specific liquidity facilities, program-wide liquidity and credit enhancement provided by the Firm have been eliminated in consolidation. The Firm or the Firm-administered multi-seller conduits provide lending-related commitments to certain clients of the Firm-administered multi-seller conduits. The unfunded commitments were $11.2 billion and $10.8 billion at March 31, 2024 and December 31, 2023, respectively, and are reported as off-balance sheet lending-related commitments in other unfunded commitments to extend credit. Refer to Note 22 for more information on off-balance sheet lending-related commitments. Municipal bond vehicles Municipal bond vehicles or tender option bond (“TOB”) trusts allow institutions to finance their municipal bond investments at short-term rates. TOB transactions are known as customer TOB trusts and non-customer TOB trusts. Customer TOB trusts are sponsored by a third party. The Firm serves as sponsor for all non-customer TOB transactions. Consolidated VIE assets and liabilities The following table presents information on assets and liabilities related to VIEs consolidated by the Firm as of March 31, 2024 and December 31, 2023. Assets Liabilities March 31, 2024 (in millions) Trading assets Loans Other (c) Total assets (d) Beneficial interests in VIE assets (e) Other (f) Total VIE program type Firm-sponsored credit card trusts $ — $ 12,994 $ 169 $ 13,163 $ 5,323 $ 10 $ 5,333 Firm-administered multi-seller conduits 1 24,800 180 24,981 20,366 28 20,394 Municipal bond vehicles 2,075 — 29 2,104 2,264 12 2,276 Mortgage securitization entities (a) — 681 7 688 122 56 178 Other 153 1,584 (b) 263 2,000 — 176 176 Total $ 2,229 $ 40,059 $ 648 $ 42,936 $ 28,075 $ 282 $ 28,357 Assets Liabilities December 31, 2023 (in millions) Trading assets Loans Other (c) Total assets (d) Beneficial interests in VIE assets (e) Other (f) Total VIE program type Firm-sponsored credit card trusts $ — $ 9,460 $ 117 $ 9,577 $ 2,998 $ 6 $ 3,004 Firm-administered multi-seller conduits 1 27,372 194 27,567 17,781 30 17,811 Municipal bond vehicles 2,056 — 22 2,078 2,116 11 2,127 Mortgage securitization entities (a) — 693 8 701 125 57 182 Other 113 86 250 449 — 159 159 Total $ 2,170 $ 37,611 $ 591 $ 40,372 $ 23,020 $ 263 $ 23,283 (a) Includes residential mortgage securitizations. (b) Primarily includes consumer loans in CIB. (c) Includes assets classified as cash and other assets on the Consolidated balance sheets. (d) The assets of the consolidated VIEs included in the program types above are used to settle the liabilities of those entities. The assets and liabilities include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. (e) The interest-bearing beneficial interest liabilities issued by consolidated VIEs are classified on the Consolidated balance sheets as “Beneficial interests issued by consolidated VIEs”. The holders of these beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. Included in beneficial interests in VIE assets are long-term beneficial interests of $5.4 billion and $3.1 billion at March 31, 2024 and December 31, 2023, respectively. (f) Includes liabilities classified as accounts payable and other liabilities on the Consolidated balance sheets. VIEs sponsored by third parties The Firm enters into transactions with VIEs structured by other parties. These include, for example, acting as a derivative counterparty, liquidity provider, investor, underwriter, placement agent, remarketing agent, trustee or custodian. These transactions are conducted at arm’s-length, and individual credit decisions are based on the analysis of the specific VIE, taking into consideration the quality of the underlying assets. Where the Firm does not have the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, or a variable interest that could potentially be significant, the Firm generally does not consolidate the VIE, but it records and reports these positions on its Consolidated balance sheets in the same manner it would record and report positions in respect of any other third-party transaction. Tax credit vehicles The Firm holds investments in unconsolidated tax credit vehicles, which are limited partnerships and similar entities that own and operate affordable housing, alternative energy, and other projects. These entities are primarily considered VIEs. A third party is typically the general partner or managing member and has control over the significant activities of the tax credit vehicles, and accordingly the Firm does not consolidate tax credit vehicles. The Firm generally invests in these partnerships as a limited partner and earns a return primarily through the receipt of tax credits allocated to the projects. The maximum loss exposure, represented by equity investments and funding commitments, was $33.1 billion and $35.1 billion at March 31, 2024 and December 31, 2023, of which $14.3 billion and $14.7 billion was unfunded at March 31, 2024 and December 31, 2023, respectively. The Firm assesses each project and to reduce the risk of loss, may withhold varying amounts of its capital investment until the project qualifies for tax credits. Refer to Note 25 of JPMorgan Chase’s 2023 Form 10-K for further information on affordable housing tax credits and Note 22 of this Form 10-Q for more information on off-balance sheet lending-related commitments. Effective January 1, 2024, the Firm adopted updates to the Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method guidance which expanded the types of tax-oriented investments, beyond affordable housing tax credit investments, that the Firm can elect on a program by program basis, to be accounted for using the proportional amortization method. Refer to Note 1 for further information. The proportional amortization method requires the cost of eligible investments, within an elected program, be amortized in proportion to the tax benefits received with the resulting amortization reported directly in income tax expense, which aligns with the associated tax credits and other tax benefits. Investments must meet certain criteria to be eligible, including that substantially all of the return is from income tax credits and other income tax benefits. In addition, under this method deferred taxes are generally not recorded as the investment is now amortized in proportion to the income tax credits and other income tax benefits received. Delayed equity contributions that are unconditional and legally binding or conditional and probable of occurring are recorded in other liabilities with a corresponding increase in the carrying value of the investment. The guidance also requires a reevaluation of eligible investments when significant modifications or events occur that result in a change in the nature of the investment or a change in the Firm's relationship with the underlying project. During the period, there were no significant modifications or events that resulted in a change in the nature of an eligible investment or a change in the Firm's relationship with the underlying project. The following table provides information on tax-oriented investments for which the Firm elected to apply the proportional amortization method. As of or for the three months ended, (in millions) Alternative energy and affordable housing programs March 31, December 31, 2023 (d) Programs for which the Firm elected proportional amortization: Carrying value (a) $ 29,821 $ 14,644 Tax credits and other tax benefits (b) 1,266 566 Investments that qualify to be accounted for using proportional amortization: Amortization gains/(losses) recognized as a component of income tax expense (1,016) (399) Non-income-tax-related gains/(losses) and other returns received that are recognized outside of income tax expense (c) 48 — (a) Recorded in Other assets on the Consolidated balance sheets. Excludes programs to which the Firm does not apply the proportional amortization method, such as historic tax credit and new market tax credit programs. (b) Reflected in Income tax expense on the Consolidated statements of income and Investing activities on the Consolidated statements of cash flows. (c) Recorded in Other income on the Consolidated statements of income and Investing activities on the Consolidated statements of cash flows. (d) As of December 31, 2023, represents eligible affordable housing investments. Refer to Note 25 of JPMorgan Chase’s 2023 Form 10-K for further information on affordable housing tax credits. Customer municipal bond vehicles (TOB trusts) The Firm may provide various services to customer TOB trusts, including remarketing agent, liquidity or tender option provider. In certain customer TOB transactions, the Firm, as liquidity provider, has entered into a reimbursement agreement with the Residual holder. In those transactions, upon the termination of the vehicle, the Firm has recourse to the third-party Residual holders for any shortfall. The Firm does not have any intent to protect Residual holders from potential losses on any of the underlying municipal bonds. The Firm does not consolidate customer TOB trusts, since the Firm does not have the power to make decisions that significantly impact the economic performance of the municipal bond vehicle. The Firm’s maximum exposure as a liquidity provider to customer TOB trusts at March 31, 2024 and December 31, 2023 was $5.2 billion and $5.1 billion, respectively. The fair value of assets held by such VIEs at both March 31, 2024 and December 31, 2023 was $7.3 billion. Loan securitizations The Firm has securitized and sold a variety of loans, including residential mortgages, credit card receivables, commercial mortgages and other consumer loans. Securitization activity The following table provides information related to the Firm’s securitization activities for the three months ended March 31, 2024 and 2023, related to assets held in Firm-sponsored securitization entities that were not consolidated by the Firm, and where sale accounting was achieved at the time of the securitization. Three months ended March 31, 2024 2023 (in millions) Residential mortgage (d) Commercial and other (e) Residential mortgage (d) Commercial and other (e) Principal securitized $ 4,922 $ 2,358 $ 1,073 $ — All cash flows during the period: (a) Proceeds received from loan sales as financial instruments (b)(c) $ 4,831 $ 2,324 $ 1,030 $ — Servicing fees collected 6 3 6 — Cash flows received on interests 70 130 74 87 (a) Excludes re-securitization transactions. (b) Predominantly includes Level 2 assets. (c) The carrying value of the loans accounted for at fair value approximated the proceeds received upon loan sale. (d) Represents prime mortgages. Excludes loan securitization activity related to U.S. GSEs and government agencies. (e) Includes commercial mortgage and auto loans. Loans and excess MSRs sold to U.S. government-sponsored enterprises and loans in securitization transactions pursuant to Ginnie Mae guidelines In addition to the amounts reported in the securitization activity tables above, the Firm, in the normal course of business, sells originated and purchased mortgage loans and certain originated excess MSRs on a nonrecourse basis, predominantly to U.S. GSEs. These loans and excess MSRs are sold primarily for the purpose of securitization by the U.S. GSEs, who provide certain guarantee provisions (e.g., credit enhancement of the loans). The Firm also sells loans into securitization transactions pursuant to Ginnie Mae guidelines; these loans are typically insured or guaranteed by another U.S. government agency. The Firm does not consolidate the securitization vehicles underlying these transactions as it is not the primary beneficiary. For a limited number of loan sales, the Firm is obligated to share a portion of the credit risk associated with the sold loans with the purchaser. Refer to Note 22 of this Form 10-Q for additional information about the Firm’s loan sales- and securitization-related indemnifications and Note 14 for additional information about the impact of the Firm’s sale of certain excess MSRs. The following table summarizes the activities related to loans sold to the U.S. GSEs, and loans in securitization transactions pursuant to Ginnie Mae guidelines. Three months ended March 31, (in millions) 2024 2023 Carrying value of loans sold $ 4,536 $ 2,698 Proceeds received from loan sales as cash 306 7 Proceeds from loan sales as securities (a)(b) 4,192 2,662 Total proceeds received from loan sales (c) $ 4,498 $ 2,669 Gains/(losses) on loan sales (d)(e) $ — $ — (a) Includes securities from U.S. GSEs and Ginnie Mae that are generally sold shortly after receipt or retained as part of the Firm’s investment securities portfolio. (b) Included in level 2 assets. (c) Excludes the value of MSRs retained upon the sale of loans. (d) Gains/(losses) on loan sales include the value of MSRs. (e) The carrying value of the loans accounted for at fair value approximated the proceeds received upon loan sale. Options to repurchase delinquent loans In addition to the Firm’s obligation to repurchase certain loans due to material breaches of representations and warranties as discussed in Note 22, the Firm also has the option to repurchase delinquent loans that it services for Ginnie Mae loan pools, as well as for other U.S. government agencies under certain arrangements. The Firm typically elects to repurchase delinquent loans from Ginnie Mae loan pools as it continues to service them and/or manage the foreclosure process in accordance with the applicable requirements, and such loans continue to be insured or guaranteed. When the Firm’s repurchase option becomes exercisable, such loans must be reported on the Consolidated balance sheets as a loan with a corresponding liability. Refer to Note 11 for additional information. The following table presents loans the Firm repurchased or had an option to repurchase, real estate owned, and foreclosed government-guaranteed residential mortgage loans recognized on the Firm’s Consolidated balance sheets as of March 31, 2024 and December 31, 2023. Substantially all of these loans and real estate are insured or guaranteed by U.S. government agencies. (in millions) March 31, December 31, Loans repurchased or option to repurchase (a) $ 519 $ 597 Real estate owned 8 8 Foreclosed government-guaranteed residential mortgage loans (b) 15 22 (a) Predominantly all of these amounts relate to loans that have been repurchased from Ginnie Mae loan pools. (b) Relates to voluntary repurchases of loans, which are included in accrued interest and accounts receivable. Loan delinquencies and liquidation losses The table below includes information about components of and delinquencies related to nonconsolidated securitized financial assets held in Firm-sponsored private-label securitization entities, in which the Firm has continuing involvement as of March 31, 2024 and December 31, 2023. For loans sold or securitized where servicing is the Firm’s only form of continuing involvement, the Firm generally experience a loss only if the Firm was required to repurchase a delinquent loan or foreclosed asset due to a breach in representations and warranties associated with its loan sale or servicing contracts. Net liquidation losses/(recoveries) Securitized assets 90 days past due Three months ended March 31, (in millions) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 2024 2023 Securitized loans Residential mortgage: Prime / Alt-A & option ARMs $ 41,639 $ 39,319 $ 470 $ 440 $ 2 $ 7 Subprime 1,600 1,312 130 131 1 2 Commercial and other 116,054 120,262 2,495 2,874 6 19 Total loans securitized $ 159,293 $ 160,893 $ 3,095 $ 3,445 $ 9 $ 28

Goodwill, Mortgage Servicing Ri

Goodwill, Mortgage Servicing Rights, and Other Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Mortgage Servicing Rights, and Other Intangible Assets	Goodwill, mortgage servicing rights, and other intangible assets Refer to Note 15 of JPMorgan Chase’s 2023 Form 10-K for a discussion of the accounting policies related to goodwill, mortgage servicing rights, and other intangible assets. Goodwill Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of the net assets acquired, and can be adjusted up to one year from the acquisition date as additional information pertaining to facts and circumstances that existed as of the acquisition date is obtained about the fair value of assets acquired and liabilities assumed. The following table presents goodwill attributed to the reportable business segments and Corporate. (in millions) March 31, December 31, Consumer & Community Banking $ 32,116 $ 32,116 Corporate & Investment Bank 8,291 8,266 Commercial Banking 2,985 2,985 Asset & Wealth Management 8,565 8,582 Corporate 679 685 Total goodwill $ 52,636 $ 52,634 The following table presents changes in the carrying amount of goodwill. Three months ended March 31, (in millions) 2024 2023 Balance at beginning of period $ 52,634 $ 51,662 Changes during the period from: Business combinations (a) 34 451 Other (b) (32) 31 Balance at March 31, $ 52,636 $ 52,144 (a) For the three months ended March 31, 2024, represents estimated goodwill associated with the acquisition of LayerOne Financial in CIB. For the three months ended March 31, 2023, represents estimated goodwill in AWM, as a result of the Firm's acquisition of the remaining 51% interest in CIFM. (b) Primarily foreign currency adjustments. Goodwill impairment testing Goodwill is tested for impairment during the fourth quarter of each fiscal year, or more often if events or circumstances, such as adverse changes in the business climate, indicate that there may be an impairment. Refer to Note 15 of JPMorgan Chase’s 2023 Form 10-K for a further discussion of the Firm’s goodwill impairment testing. Unanticipated declines in business performance, increases in credit losses, increases in capital requirements, as well as deterioration in economic or market conditions, adverse regulatory or legislative changes or increases in the estimated market cost of equity, could cause the estimated fair values of the Firm’s reporting units to decline in the future, which could result in a material impairment charge to earnings in a future period related to some portion of the associated goodwill. As of March 31, 2024, the Firm reviewed current economic conditions, estimated market cost of equity, as well as actual business results and projections of business performance. Based on such reviews, the Firm has concluded that goodwill was not impaired as of March 31, 2024, or December 31, 2023, nor was goodwill written off due to impairment during the three months ended March 31, 2024 or 2023. Mortgage servicing rights MSRs represent the fair value of expected future cash flows for performing servicing activities for others. The fair value considers estimated future servicing fees and ancillary revenue, offset by estimated costs to service the loans, and generally declines over time as net servicing cash flows are received, effectively amortizing the MSR asset against contractual servicing and ancillary fee income. MSRs are either purchased from third parties or recognized upon sale or securitization of mortgage loans if servicing is retained. Refer to Notes 2 and 15 of JPMorgan Chase’s 2023 Form 10-K for a further description of the MSR asset, interest rate risk management, and the valuation of MSRs. The following table summarizes MSR activity for the three months ended March 31, 2024 and 2023. As of or for the three months (in millions, except where otherwise noted) 2024 2023 Fair value at beginning of period $ 8,522 $ 7,973 MSR activity: Originations of MSRs 58 32 Purchase of MSRs (a) 2 (1) Disposition of MSRs 5 2 Net additions/(dispositions) 65 33 Changes due to collection/realization of expected cash flows (260) (240) Changes in valuation due to inputs and assumptions: Changes due to market interest rates and other (b) 268 (22) Changes in valuation due to other inputs and assumptions: Projected cash flows (e.g., cost to service) 7 — Discount rates — — Prepayment model changes and other (c) 3 11 Total changes in valuation due to other inputs and assumptions 10 11 Total changes in valuation due to inputs and assumptions 278 (11) Fair value at March 31, $ 8,605 $ 7,755 Changes in unrealized gains/(losses) included in income related to MSRs held at March 31, $ 278 $ (11) Contractual service fees, late fees and other ancillary fees included in income 399 388 Third-party mortgage loans serviced at March 31, (in billions) 627 577 Servicer advances, net of an allowance for uncollectible amounts, at March 31 (d) 607 671 (a) Includes purchase price adjustments associated with MSRs purchased in the prior quarter, primarily as a result of loans that prepaid within 90 days of settlement, allowing the Firm to recover the purchase price. (b) Represents both the impact of changes in estimated future prepayments due to changes in market interest rates, and the difference between actual and expected prepayments. (c) Represents changes in prepayments other than those attributable to changes in market interest rates. (d) Represents amounts the Firm pays as the servicer (e.g., scheduled principal and interest, taxes and insurance), which will generally be reimbursed within a short period of time after the advance from future cash flows from the trust or the underlying loans. The Firm’s credit risk associated with these servicer advances is minimal because reimbursement of the advances is typically senior to all cash payments to investors. In addition, the Firm maintains the right to stop payment to investors if the collateral is insufficient to cover the advance. However, certain of these servicer advances may not be recoverable if they were not made in accordance with applicable rules and agreements. The following table presents the components of mortgage fees and related income (including the impact of MSR risk management activities) for the three months ended March 31, 2024 and 2023. Three months ended March 31, (in millions) 2024 2023 CCB mortgage fees and related income Production revenue $ 130 $ 75 Net mortgage servicing revenue: Operating revenue: Loan servicing revenue 405 400 Changes in MSR asset fair value due to collection/realization of expected cash flows (260) (240) Total operating revenue 145 160 Risk management: Changes in MSR asset fair value due to market interest rates and other (a) 268 (22) Other changes in MSR asset fair value due to other inputs and assumptions in model (b) 10 11 Changes in derivative fair value and other (279) (1) Total risk management (1) (12) Total net mortgage servicing revenue 144 148 Total CCB mortgage fees and related income 274 223 All other 1 (2) Mortgage fees and related income $ 275 $ 221 (a) Represents both the impact of changes in estimated future prepayments due to changes in market interest rates, and the difference between actual and expected prepayments. (b) Represents the aggregate impact of changes in model inputs and assumptions such as projected cash flows (e.g., cost to service), discount rates and changes in prepayments other than those attributable to changes in market interest rates (e.g., changes in prepayments due to changes in home prices). Changes in fair value based on variations in assumptions generally cannot be easily extrapolated, because the relationship of the change in the assumptions to the change in fair value are often highly interrelated and may not be linear. In the following table, the effect that a change in a particular assumption may have on the fair value is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another, which would either magnify or counteract the impact of the initial change. The table below outlines the key economic assumptions used to determine the fair value of the Firm’s MSRs at March 31, 2024 and December 31, 2023, and outlines the sensitivities of those fair values to immediate adverse changes in those assumptions, as defined below. (in millions, except rates) Mar 31, Dec 31, Weighted-average prepayment speed assumption (constant prepayment rate) 6.22 % 6.29 % Impact on fair value of 10% adverse change $ (201) $ (206) Impact on fair value of 20% adverse change (391) (401) Weighted-average option adjusted spread (a) 5.99 % 6.10 % Impact on fair value of a 100 basis point adverse change $ (370) $ (369) Impact on fair value of a 200 basis point adverse change (712) (709) (a) Includes the impact of operational risk and regulatory capital. Other intangible assets The Firm’s finite-lived and indefinite-lived other intangible assets are initially recorded at their fair value primarily upon completion of a business combination. Finite-lived intangible assets, including core deposit intangibles, customer relationship intangibles, and certain other intangible assets, are amortized over their useful lives, estimated based on the expected future economic benefits. The Firm’s intangible assets with indefinite lives, such as asset management contracts, are not subject to amortization and are assessed periodically for impairment. As of March 31, 2024 and December 31, 2023, other intangible assets consisted of finite-lived intangible assets of $1.9 billion and $2.0 billion, respectively, as well as indefinite-lived intangible assets, which are not subject to amortization, of $1.2 billion for both periods.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Deposits	Deposits Refer to Note 17 of JPMorgan Chase’s 2023 Form 10-K for further information on deposits. As of March 31, 2024 and December 31, 2023, noninterest-bearing and interest-bearing deposits were as follows: (in millions) March 31, December 31, 2023 U.S. offices Noninterest-bearing (included $77,571 and $75,393 at fair value) (a) $ 657,651 $ 643,748 Interest-bearing (included $563 and $573 at fair value) (a) 1,311,857 1,303,100 Total deposits in U.S. offices 1,969,508 1,946,848 Non-U.S. offices Noninterest-bearing (included $1,991 and $1,737 at fair value) (a) 24,109 23,097 Interest-bearing (included $453 and $681 at fair value) (a) 434,792 430,743 Total deposits in non-U.S. offices 458,901 453,840 Total deposits $ 2,428,409 $ 2,400,688 (a) Includes structured notes classified as deposits for which the fair value option has been elected. Refer to Note 3 for further discussion. As of March 31, 2024, the remaining maturities of interest-bearing time deposits in each of the 12-month periods ending March 31 were as follows: March 31, U.S. Non-U.S. Total 2025 $ 214,783 $ 86,559 $ 301,342 2026 931 52 983 2027 234 18 252 2028 157 38 195 2029 367 780 1,147 After 5 years 214 55 269 Total $ 216,686 $ 87,502 $ 304,188

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases	Leases Refer to Note 18 of JPMorgan Chase’s 2023 Form 10-K for a further discussion on leases. Firm as lessee At March 31, 2024, JPMorgan Chase and its subsidiaries were obligated under a number of noncancellable leases, predominantly operating leases for premises and equipment used primarily for business purposes. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term. The carrying values of the Firm’s operating leases were as follows: (in millions) March 31, 2024 December 31, 2023 Right-of-use assets $ 8,389 $ 8,431 Lease liabilities 8,763 8,833 The Firm’s net rental expense was $541 million and $487 million for the three months ended March 31, 2024 and 2023, respectively. Firm as lessor The Firm’s lease financings are predominantly auto operating leases, and are included in other assets on the Firm’s Consolidated balance sheets. The following table presents the Firm’s operating lease income, included within other income Three months ended March 31, (in millions) 2024 2023 Operating lease income $ 672 $ 755 Depreciation expense 435 419
Leases	Leases Refer to Note 18 of JPMorgan Chase’s 2023 Form 10-K for a further discussion on leases. Firm as lessee At March 31, 2024, JPMorgan Chase and its subsidiaries were obligated under a number of noncancellable leases, predominantly operating leases for premises and equipment used primarily for business purposes. Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term. The carrying values of the Firm’s operating leases were as follows: (in millions) March 31, 2024 December 31, 2023 Right-of-use assets $ 8,389 $ 8,431 Lease liabilities 8,763 8,833 The Firm’s net rental expense was $541 million and $487 million for the three months ended March 31, 2024 and 2023, respectively. Firm as lessor The Firm’s lease financings are predominantly auto operating leases, and are included in other assets on the Firm’s Consolidated balance sheets. The following table presents the Firm’s operating lease income, included within other income Three months ended March 31, (in millions) 2024 2023 Operating lease income $ 672 $ 755 Depreciation expense 435 419

Preferred Stock

Preferred Stock	3 Months Ended
	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Preferred Stock	Preferred stock Refer to Note 21 of JPMorgan Chase’s 2023 Form 10-K for a further discussion on preferred stock. The following is a summary of JPMorgan Chase’s non-cumulative preferred stock outstanding as of March 31, 2024 and December 31, 2023, and the quarterly dividend declarations for the three months ended March 31, 2024 and 2023. Shares (a) Carrying value (in millions) Contractual rate in effect at March 31, 2024 Earliest redemption date (b) Floating annualized rate (c) Dividend declared per share March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Issue date Three months ended March 31, 2024 2023 Fixed-rate: Series DD 169,625 169,625 $ 1,696 $ 1,696 9/21/2018 5.750 % 12/1/2023 NA $ 143.75 $ 143.75 Series EE 185,000 185,000 1,850 1,850 1/24/2019 6.000 3/1/2024 NA 150.00 150.00 Series GG 90,000 90,000 900 900 11/7/2019 4.750 12/1/2024 NA 118.75 118.75 Series JJ 150,000 150,000 1,500 1,500 3/17/2021 4.550 6/1/2026 NA 113.75 113.75 Series LL 185,000 185,000 1,850 1,850 5/20/2021 4.625 6/1/2026 NA 115.63 115.63 Series MM 200,000 200,000 2,000 2,000 7/29/2021 4.200 9/1/2026 NA 105.00 105.00 Fixed-to-floating rate: Series Q 150,000 150,000 1,500 1,500 4/23/2013 SOFR + 3.25 5/1/2023 SOFR + 3.25 220.45 128.75 (d) Series R 150,000 150,000 1,500 1,500 7/29/2013 SOFR + 3.30 8/1/2023 SOFR + 3.30 221.70 150.00 (e) Series S 200,000 200,000 2,000 2,000 1/22/2014 SOFR + 3.78 2/1/2024 SOFR + 3.78 233.70 168.75 (f) Series U 100,000 100,000 1,000 1,000 3/10/2014 6.125 4/30/2024 SOFR + 3.33 153.13 153.13 Series X 160,000 160,000 1,600 1,600 9/23/2014 6.100 10/1/2024 SOFR + 3.33 152.50 152.50 Series CC 125,750 125,750 1,258 1,258 10/20/2017 SOFR + 2.58 11/1/2022 SOFR + 2.58 203.70 182.79 Series FF 225,000 225,000 2,250 2,250 7/31/2019 5.000 8/1/2024 SOFR + 3.38 125.00 125.00 Series HH 300,000 300,000 3,000 3,000 1/23/2020 4.600 2/1/2025 SOFR + 3.125 115.00 115.00 Series II 150,000 150,000 1,500 1,500 2/24/2020 4.000 4/1/2025 SOFR + 2.745 100.00 100.00 Series KK 200,000 200,000 2,000 2,000 5/12/2021 3.650 6/1/2026 CMT + 2.85 91.25 91.25 Series NN 250,000 NA 2,496 NA 3/12/2024 6.875 6/1/2029 CMT + 2.737 — NA (g) Total preferred stock 2,990,375 2,740,375 $ 29,900 $ 27,404 (a) Represented by depositary shares. (b) Each series of fixed-to-floating rate preferred stock converts to a floating rate at the earliest redemption date. (c) Effective June 30, 2023, CME Term SOFR became the replacement reference rate for fixed-to-floating rate preferred stock issued by the Firm that formerly referenced U.S. dollar LIBOR. References in the table to “SOFR” mean a floating annualized rate equal to three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spreads noted. The reference to “CMT” means a floating annualized rate equal to the five-year Constant Maturity Treasury (“CMT”) rate plus the spread noted. (d) The dividend rate for Series Q preferred stock became floating and payable quarterly starting on May 1, 2023; prior to which the dividend rate was fixed at 5.15% or $257.50 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.25%. (e) The dividend rate for Series R preferred stock became floating and payable quarterly starting on August 1, 2023; prior to which the dividend rate was fixed at 6.00% or $300.00 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.30%. (f) The dividend rate for Series S preferred stock became floating and payable quarterly starting on February 1, 2024; prior to which the dividend rate was fixed at 6.75% or $337.50 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on February 1, 2024 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.78%. (g) As of March 31, 2024, no dividends had been declared on the Series NN preferred stock since the original issue date of March 12, 2024. Each series of preferred stock has a liquidation value and redemption price per share of $10,000, plus accrued but unpaid dividends. The aggregate liquidation value was $30.2 billion at March 31, 2024. On March 12, 2024, the Firm issued $2.5 billion of fixed-rate reset non-cumulative preferred stock, Series NN. Redemptions On May 1, 2024, the Firm redeemed all $5.0 billion of its fixed-to-floating rate non-cumulative preferred stock, Series Q, Series R and Series S. On April 30, 2024, the Firm redeemed all $1.0 billion of its fixed-to-floating rate non-cumulative preferred stock, Series U.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings per Share	Earnings per share Refer to Note 23 of JPMorgan Chase’s 2023 Form 10-K for a discussion of the computation of basic and diluted earnings per share (“EPS”). The following table presents the calculation of basic and diluted EPS for the three months ended March 31, 2024 and 2023. (in millions, except per share amounts) Three months ended March 31, 2024 2023 Basic earnings per share Net income $ 13,419 $ 12,622 Less: Preferred stock dividends 397 356 Net income applicable to common equity 13,022 12,266 Less: Dividends and undistributed earnings allocated to participating securities 80 73 Net income applicable to common stockholders $ 12,942 $ 12,193 Total weighted-average basic shares outstanding 2,908.3 2,968.5 Net income per share $ 4.45 $ 4.11 Diluted earnings per share Net income applicable to common stockholders $ 12,942 $ 12,193 Total weighted-average basic shares outstanding 2,908.3 2,968.5 Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs 4.5 4.2 Total weighted-average diluted shares outstanding 2,912.8 2,972.7 Net income per share $ 4.44 $ 4.10

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Loss)	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income/(Loss)	Accumulated other comprehensive income/(loss) AOCI includes the after-tax change in unrealized gains and losses on investment securities, foreign currency translation adjustments (including the impact of related derivatives), fair value changes of excluded components on fair value hedges, cash flow hedging activities, net gain/(loss) related to the Firm’s defined benefit pension and OPEB plans, and fair value option-elected liabilities arising from changes in the Firm’s own credit risk (DVA). As of or for the three months ended Unrealized Translation adjustments, net of hedges Fair value hedges Cash flow hedges Defined benefit DVA on fair value option elected liabilities Accumulated other comprehensive income/(loss) Balance at January 1, 2024 $ (3,743) $ (1,216) $ (134) $ (3,932) $ (1,078) $ (340) $ (10,443) Net change 141 (204) (21) (889) 26 (249) (1,196) Balance at March 31, 2024 $ (3,602) (a) $ (1,420) $ (155) $ (4,821) $ (1,052) $ (589) $ (11,639) As of or for the three months ended Unrealized Translation adjustments, net of hedges Fair value hedges Cash flow hedges Defined benefit pension and DVA on fair value option elected liabilities Accumulated other comprehensive income/(loss) Balance at January 1, 2023 $ (9,124) $ (1,545) $ (33) $ (5,656) $ (1,451) $ 468 $ (17,341) Net change 2,212 197 (21) 798 (55) (208) 2,923 Balance at March 31, 2023 $ (6,912) (a) $ (1,348) $ (54) $ (4,858) $ (1,506) $ 260 $ (14,418) (a) As of March 31, 2024 and 2023 included after-tax net unamortized unrealized gains/(losses) of $(824) million and $(1.3) billion related to AFS securities that have been transferred to HTM, respectively. As of March 31, 2023 included after-tax net unamortized unrealized gains/(losses) of $(29) million related to HTM securities that have been transferred to AFS as permitted by the new hedge accounting guidance adopted on January 1, 2023. Refer to Note 9 for further information. The following table presents the pre-tax and after-tax changes in the components of OCI. 2024 2023 Three months ended March 31, Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Unrealized gains/(losses) on investment securities: Net unrealized gains/(losses) arising during the period $ (181) $ 44 $ (137) $ 2,042 $ (490) $ 1,552 Reclassification adjustment for realized (gains)/losses included in net income (a) 366 (88) 278 868 (208) 660 Net change 185 (44) 141 2,910 (698) 2,212 Translation adjustments (b) : Translation (1,365) 68 (1,297) 973 (41) 932 Hedges 1,442 (349) 1,093 (963) 228 (735) Net change 77 (281) (204) 10 187 197 Fair value hedges, net change (c) (27) 6 (21) (28) 7 (21) Cash flow hedges: Net unrealized gains/(losses) arising during the period (1,762) 426 (1,336) 567 (136) 431 Reclassification adjustment for realized (gains)/losses included in net income (d) 589 (142) 447 483 (116) 367 Net change (1,173) 284 (889) 1,050 (252) 798 Defined benefit pension and OPEB plans, net change 36 (10) 26 (71) 16 (55) DVA on fair value option elected liabilities, net change (327) 78 (249) (274) 66 (208) Total other comprehensive income/(loss) $ (1,229) $ 33 $ (1,196) $ 3,597 $ (674) $ 2,923 (a) The pre-tax amount is reported in Investment securities gains/(losses) in the Consolidated statements of income. (b) Reclassifications of pre-tax realized gains/(losses) on translation adjustments and related hedges are reported in other income/expense in the Consolidated statements of income. There were no sales or liquidations of legal entities that resulted in reclassifications for the three month period ended March 31, 2024. During the three months ended March 31, 2023, the Firm reclassified a net pre-tax loss of $(5) million to other revenue related to the acquisition of CIFM of which $(41) million related to the net investment hedge loss. (c) Represents changes in fair value of cross-currency swaps attributable to changes in cross-currency basis spreads, which are excluded from the assessment of hedge effectiveness and recorded in other comprehensive income. The initial cost of cross-currency basis spreads is recognized in earnings as part of the accrual of interest on the cross-currency swaps. (d) The pre-tax amounts are primarily recorded in noninterest revenue, net interest income and compensation expense in the Consolidated statements of income.

Restricted Cash and Other Restr

Restricted Cash and Other Restricted Assets	3 Months Ended
	Mar. 31, 2024
Cash and Cash Equivalents [Abstract]
Restricted Cash and Other Restricted Assets	Restricted cash and other restricted assets Refer to Note 26 of JPMorgan Chase’s 2023 Form 10-K for a detailed discussion of the Firm’s restricted cash and other restricted assets. Certain of the Firm’s cash and other assets are restricted as to withdrawal or usage. These restrictions are imposed by various regulatory authorities based on the particular activities of the Firm’s subsidiaries. The Firm is also subject to rules and regulations established by other U.S. and non-U.S. regulators. As part of its compliance with the respective regulatory requirements, the Firm’s broker-dealer activities are subject to certain restrictions on cash and other assets. The following table presents the components of the Firm’s restricted cash: (in billions) March 31, December 31, 2023 Segregated for the benefit of securities and cleared derivative customers $ 11.8 $ 10.3 Cash reserves at non-U.S. central banks and held for other general purposes 8.6 9.3 Total restricted cash (a) $ 20.4 $ 19.6 (a) Comprises $19.3 billion and $18.2 billion in deposits with banks, and $1.1 billion and $1.4 billion in cash and due from banks on the Consolidated balance sheets as of March 31, 2024 and December 31, 2023, respectively. Also, as of March 31, 2024 and December 31, 2023, the Firm had the following other restricted assets: • Cash and securities pledged with clearing organizations for the benefit of customers of $38.1 billion and $40.5 billion, respectively. • Securities with a fair value of $13.7 billion and $20.5 billion, respectively, were also restricted in relation to customer activity.

Regulatory Capital

Regulatory Capital	3 Months Ended
	Mar. 31, 2024
Banking Regulation [Abstract]
Regulatory Capital	Regulatory capital Refer to Note 27 of JPMorgan Chase’s 2023 Form 10-K for a detailed discussion on regulatory capital. The Federal Reserve establishes capital requirements, including well-capitalized standards, for the Firm as a consolidated financial holding company. The OCC establishes similar minimum capital requirements and standards for the Firm’s principal insured depository institution ("IDI") subsidiary, JPMorgan Chase Bank, N.A. Under the risk-based capital and leverage-based guidelines of the Federal Reserve, JPMorgan Chase is required to maintain minimum ratios for CET1 capital, Tier 1 capital, Total capital, Tier 1 leverage and the SLR. Failure to meet these minimum requirements could cause the Federal Reserve to take action. JPMorgan Chase Bank, N.A. is also subject to these capital requirements established by its primary regulators. The following table presents the risk-based regulatory capital ratio requirements and well-capitalized ratios to which the Firm and JPMorgan Chase Bank, N.A. were subject as of March 31, 2024 and December 31, 2023. Standardized capital ratio requirements Advanced Well-capitalized ratios BHC (a)(b) IDI (c) BHC (a)(b) IDI (c) BHC (d) IDI (e) Risk-based capital ratios CET1 capital 11.9 % 7.0 % 11.5 % 7.0 % NA 6.5 % Tier 1 capital 13.4 8.5 13.0 8.5 6.0 % 8.0 Total capital 15.4 10.5 15.0 10.5 10.0 10.0 Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and JPMorgan Chase Bank, N.A. are subject. (a) Represents the regulatory capital ratio requirements applicable to the Firm. The CET1, Tier 1 and Total capital ratio requirements each include a respective minimum requirement plus a GSIB surcharge of 4.5% as calculated under Method 2; plus a 2.9% SCB for Basel III Standardized ratios and a fixed 2.5% capital conservation buffer for Basel III Advanced ratios. The countercyclical buffer is currently set to 0% by the federal banking agencies. (b) For the period ended December 31, 2023, the CET1, Tier 1, and Total capital ratio requirements under Basel III Standardized applicable to the Firm were 11.4%, 12.9%, and 14.9%, respectively; the Basel III Advanced CET1, Tier 1, and Total capital ratio requirements applicable to the Firm were 11.0%, 12.5%, and 14.5%, respectively. (c) Represents requirements for JPMorgan Chase Bank, N.A. The CET1, Tier 1 and Total capital ratio requirements include a fixed capital conservation buffer requirement of 2.5% that is applicable to JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is not subject to the GSIB surcharge. (d) Represents requirements for bank holding companies pursuant to regulations issued by the Federal Reserve. (e) Represents requirements for JPMorgan Chase Bank, N.A. pursuant to regulations issued under the FDIC Improvement Act. The following table presents the leverage-based regulatory capital ratio requirements and well-capitalized ratios to which the Firm and JPMorgan Chase Bank, N.A. were subject as of March 31, 2024 and December 31, 2023. Capital ratio requirements (a) Well-capitalized ratios BHC IDI BHC (b) IDI Leverage-based capital ratios Tier 1 leverage 4.0 % 4.0 % NA 5.0 % SLR 5.0 6.0 NA 6.0 Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and JPMorgan Chase Bank, N.A. are subject. (a) Represents minimum SLR requirement of 3.0%, as well as supplementary leverage buffer requirements of 2.0% and 3.0% for BHC and JPMorgan Chase Bank, N.A., respectively. (b) The Federal Reserve's regulations do not establish well-capitalized thresholds for these measures for BHCs. CECL Regulatory Capital Transition Beginning January 1, 2022, the $2.9 billion CECL capital benefit, provided by the Federal Reserve in response to the COVID-19 pandemic, is being phased out at 25% per year over a three-year period. As of March 31, 2024 and December 31, 2023, the Firm's CET1 capital reflected the remaining benefit of $720 million and $1.4 billion, respectively, associated with the CECL capital transition provisions. Similarly, as of January 1, 2024, the Firm has phased out 75% of the other CECL capital transition provisions which impacted Tier 2 capital, adjusted average assets, total leverage exposure and RWA, as applicable. Refer to Note 27 of JPMorgan Chase’s 2023 Form 10-K for further information on CECL capital transition provisions. The following tables present risk-based capital metrics under both the Basel III Standardized and Basel III Advanced approaches and leverage-based capital metrics for JPMorgan Chase and JPMorgan Chase Bank, N.A. As of March 31, 2024 and December 31, 2023, JPMorgan Chase and JPMorgan Chase Bank, N.A. were well-capitalized and met all capital requirements to which each was subject. March 31, 2024 Basel III Standardized Basel III Advanced JPMorgan JPMorgan JPMorgan JPMorgan Risk-based capital metrics: (a) CET1 capital $ 257,569 $ 268,040 $ 257,569 $ 268,040 Tier 1 capital 280,771 (b) 268,043 280,771 (b) 268,043 Total capital 312,149 (b) 287,922 298,766 (b)(c) 274,549 (c) Risk-weighted assets 1,712,081 1,673,297 1,681,317 (c) 1,540,501 (c) CET1 capital ratio 15.0 % 16.0 % 15.3 % 17.4 % Tier 1 capital ratio 16.4 16.0 16.7 17.4 Total capital ratio 18.2 17.2 17.8 17.8 December 31, 2023 Basel III Standardized Basel III Advanced JPMorgan Chase & Co. JPMorgan Chase Bank, N.A. JPMorgan Chase & Co. JPMorgan Chase Bank, N.A. Risk-based capital metrics: (a) CET1 capital $ 250,585 $ 262,030 $ 250,585 $ 262,030 Tier 1 capital 277,306 262,032 277,306 262,032 Total capital 308,497 281,308 295,417 (c) 268,392 (c) Risk-weighted assets 1,671,995 1,621,789 1,669,156 (c) 1,526,952 (c) CET1 capital ratio 15.0 % 16.2 % 15.0 % 17.2 % Tier 1 capital ratio 16.6 16.2 16.6 17.2 Total capital ratio 18.5 17.3 17.7 17.6 (a) The capital metrics reflect the CECL capital transition provisions. (b) As of March 31, 2024, for capital purposes, excluded $6.0 billion of preferred stock for which notices of redemption were issued during the first quarter and which were redeemed in the second quarter. Refer to Note 17 for additional information. (c) Includes the impacts of certain assets associated with First Republic to which the Standardized approach has been applied as permitted by the transition provisions in the U.S. capital rules. Three months ended March 31, 2024 December 31, 2023 JPMorgan JPMorgan JPMorgan JPMorgan Leverage-based capital metrics: (a) Adjusted average assets (b) $ 3,913,677 $ 3,372,219 $ 3,831,200 $ 3,337,842 Tier 1 leverage ratio 7.2 % 7.9 % 7.2 % 7.9 % Total leverage exposure $ 4,634,634 $ 4,088,591 $ 4,540,465 $ 4,038,739 SLR 6.1 % 6.6 % 6.1 % 6.5 % (a) The capital metrics reflect the CECL capital transition provisions. (b) Adjusted average assets, for purposes of calculating the leverage ratios, includes quarterly average assets adjusted for on-balance sheet assets that are subject to deduction from Tier 1 capital, predominantly goodwill, inclusive of estimated equity method goodwill, and other intangible assets.

Off-balance Sheet Lending-relat

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments	3 Months Ended
	Mar. 31, 2024
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments	Off–balance sheet lending-related financial instruments, guarantees, and other commitments JPMorgan Chase provides lending-related financial instruments (e.g., commitments and guarantees) to address the financing needs of its customers and clients. The contractual amount of these financial instruments represents the maximum possible credit risk to the Firm should the customer or client draw upon the commitment or the Firm be required to fulfill its obligation under the guarantee, and should the customer or client subsequently fail to perform according to the terms of the contract. Most of these commitments and guarantees have historically been refinanced, extended, cancelled, or expired without being drawn or a default occurring. As a result, the total contractual amount of these instruments is not, in the Firm’s view, representative of its expected future credit exposure or funding requirements. Refer to Note 28 of JPMorgan Chase’s 2023 Form 10-K for a further discussion of lending-related commitments and guarantees, and the Firm’s related accounting policies. To provide for expected credit losses in wholesale and certain consumer lending-related commitments, an allowance for credit losses on lending-related commitments is maintained. Refer to Note 12 for further information regarding the allowance for credit losses on lending-related commitments. The following table summarizes the contractual amounts and carrying values of off-balance sheet lending-related financial instruments, guarantees and other commitments at March 31, 2024 and December 31, 2023. The amounts in the table below for credit card, home equity and certain scored business banking lending-related commitments represent the total available credit for these products. The Firm has not experienced, and does not anticipate, that all available lines of credit for these products will be utilized at the same time. The Firm can reduce or cancel credit card and certain scored business banking lines of credit by providing the borrower notice or, in some cases as permitted by law, without notice. In addition, the Firm typically closes credit card lines when the borrower is 60 days or more past due. The Firm may reduce or close HELOCs when there are significant decreases in the value of the underlying property, or when there has been a demonstrable decline in the creditworthiness of the borrower. Off–balance sheet lending-related financial instruments, guarantees and other commitments Contractual amount Carrying value (h)(i) March 31, 2024 Dec 31, Mar 31, Dec 31, By remaining maturity Expires in 1 year or less Expires after Expires after Expires after 5 years Total Total Lending-related Consumer, excluding credit card: Residential Real Estate (a) $ 9,161 $ 7,387 $ 6,048 $ 9,315 $ 31,911 $ 30,125 $ 674 (j) $ 678 (j) Auto and other 11,416 134 — 3,199 14,749 15,278 104 (j) 148 (j) Total consumer, excluding credit card 20,577 7,521 6,048 12,514 46,660 45,403 778 826 Credit card (b) 943,935 — — — 943,935 915,658 — — Total consumer (c) 964,512 7,521 6,048 12,514 990,595 961,061 778 826 Wholesale: Other unfunded commitments to extend credit (d) 119,474 184,303 172,614 23,738 500,129 503,526 2,638 (j) 2,797 (j) Standby letters of credit and other financial guarantees (d) 14,536 9,382 3,792 607 28,317 28,872 413 479 Other letters of credit (d) 3,641 279 47 101 4,068 4,388 37 37 Total wholesale (c) 137,651 193,964 176,453 24,446 532,514 536,786 3,088 3,313 Total lending-related $ 1,102,163 $ 201,485 $ 182,501 $ 36,960 $ 1,523,109 $ 1,497,847 $ 3,866 $ 4,139 Other guarantees and commitments Securities lending indemnification agreements and guarantees (e) $ 317,054 $ — $ — $ — $ 317,054 $ 283,664 $ — $ — Derivatives qualifying as guarantees 3,804 47 11,179 40,878 55,908 54,562 98 89 Unsettled resale and securities borrowed agreements 141,196 302 — — 141,498 95,106 1 — Unsettled repurchase and securities loaned agreements 99,305 541 — — 99,846 60,724 — — Loan sale and securitization-related indemnifications: Mortgage repurchase liability NA NA NA NA NA NA 60 76 Loans sold with recourse NA NA NA NA 834 803 23 24 Exchange & clearing house guarantees and commitments (f) 128,408 — — — 128,408 265,887 — — Other guarantees and commitments (g) 9,806 869 49 1,084 11,808 15,074 31 38 (a) Includes certain commitments to purchase loans from correspondents. (b) Also includes commercial card lending-related commitments primarily in CB and CIB. (c) Predominantly all consumer and wholesale lending-related commitments are in the U.S. (d) As of March 31, 2024 and December 31, 2023, reflected the contractual amount net of risk participations totaling $82 million and $88 million, respectively, for other unfunded commitments to extend credit; $8.1 billion and $8.2 billion, respectively, for standby letters of credit and other financial guarantees; $490 million and $589 million, respectively, for other letters of credit. In regulatory filings with the Federal Reserve these commitments are shown gross of risk participations. (e) As of March 31, 2024 and December 31, 2023, collateral held by the Firm in support of securities lending indemnification agreements was $335.4 billion and $300.3 billion, respectively. Securities lending collateral primarily consists of cash, G7 government securities, and securities issued by U.S. GSEs and government agencies. (f) As of March 31, 2024 and December 31, 2023, includes guarantees to the Fixed Income Clearing Corporation under the sponsored member repo program and commitments and guarantees associated with the Firm’s membership in certain clearing houses. (g) As of March 31, 2024 and December 31, 2023, primarily includes unfunded commitments to purchase secondary market loans, other equity investment commitments, and unfunded commitments related to certain tax-oriented equity investments, and reflects the impact of adopting updates to the Accounting for Investments in Tax Credit Structures guidance effective January 1, 2024. (h) For lending-related products, the carrying value includes the allowance for lending-related commitments and the guarantee liability; for derivative-related products, and lending-related commitments for which the fair value option was elected, the carrying value represents the fair value. (i) For lending-related commitments, the carrying value also includes fees and any purchase discounts or premiums that are deferred and recognized in accounts payable and other liabilities on the Consolidated balance sheets. Deferred amounts for revolving commitments and commitments not expected to fund, are amortized to lending- and deposit-related fees on a straight line basis over the commitment period. For all other commitments the deferred amounts remain deferred until the commitment funds or is sold. (j) As of March 31, 2024 and December 31, 2023, includes fair value adjustments associated with First Republic for residential real estate lending-related commitments totaling $596 million and $630 million, respectively, for auto and other lending-related commitments totaling $104 million and $148 million, respectively, and for other unfunded commitments to extend credit totaling $935 million and $1.1 billion, respectively. Refer to Note 26 for additional information. Other unfunded commitments to extend credit Other unfunded commitments to extend credit generally consist of commitments for working capital and general corporate purposes, extensions of credit to support commercial paper facilities and bond financings in the event that those obligations cannot be remarketed to new investors, as well as committed liquidity facilities to clearing organizations. The Firm also issues commitments under multipurpose facilities which could be drawn upon in several forms, including the issuance of a standby letter of credit. Standby letters of credit and other financial guarantees Standby letters of credit and other financial guarantees are conditional lending commitments issued by the Firm to guarantee the performance of a client or customer to a third party under certain arrangements, such as commercial paper facilities, bond financings, acquisition financings, trade financings and similar transactions. The following table summarizes the contractual amount and carrying value of standby letters of credit and other financial guarantees and other letters of credit arrangements as of March 31, 2024 and December 31, 2023. Standby letters of credit, other financial guarantees and other letters of credit March 31, 2024 December 31, 2023 (in millions) Standby letters of Other letters Standby letters of Other letters Investment-grade (a) $ 19,736 $ 3,122 $ 19,694 $ 3,552 Noninvestment-grade (a) 8,581 946 9,178 836 Total contractual amount $ 28,317 $ 4,068 $ 28,872 $ 4,388 Allowance for lending-related commitments $ 87 $ 37 $ 110 $ 37 Guarantee liability 326 — 369 — Total carrying value $ 413 $ 37 $ 479 $ 37 Commitments with collateral $ 16,213 $ 475 $ 16,861 $ 539 (a) The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 11 for further information on internal risk ratings. Derivatives qualifying as guarantees The Firm transacts in certain derivative contracts that have the characteristics of a guarantee under U.S. GAAP. Refer to Note 28 of JPMorgan Chase’s 2023 Form 10-K for further information on these derivatives. The following table summarizes the derivatives qualifying as guarantees as of March 31, 2024 and December 31, 2023. (in millions) March 31, 2024 December 31, 2023 Notional amounts Derivative guarantees $ 55,908 $ 54,562 Stable value contracts with contractually limited exposure 33,347 32,488 Maximum exposure of stable value contracts with contractually limited exposure 1,826 1,652 Fair value Derivative payables 98 89 In addition to derivative contracts that meet the characteristics of a guarantee, the Firm is both a purchaser and seller of credit protection in the credit derivatives market. Refer to Note 4 for a further discussion of credit derivatives. Loan sales- and securitization-related indemnifications In connection with the Firm’s mortgage loan sale and securitization activities with U.S. GSEs the Firm has made representations and warranties that the loans sold meet certain requirements, and that may require the Firm to repurchase mortgage loans and/or indemnify the loan purchaser if such representations and warranties are breached by the Firm. The liability related to repurchase demands associated with private label securitizations is separately evaluated by the Firm in establishing its litigation reserves. Refer to Note 24 of this Form 10-Q and Note 30 of JPMorgan Chase’s 2023 Form 10-K for additional information regarding litigation. Merchant charge-backs Under the rules of payment networks, in its role as a merchant acquirer, the Firm's Merchant Services business in CIB Payments, retains a contingent liability for disputed processed credit and debit card transactions that result in a charge-back to the merchant. If a dispute is resolved in the cardholder’s favor, the Firm will (through the cardholder’s issuing bank) credit or refund the amount to the cardholder and will charge back the transaction to the merchant. If the Firm is unable to collect the amount from the merchant, the Firm will bear the loss for the amount credited or refunded to the cardholder. The Firm mitigates this risk by withholding future settlements, retaining cash reserve accounts or obtaining other collateral. In addition, the Firm recognizes a valuation allowance that covers the payment or performance risk related to charge-backs. Sponsored member repo program The Firm acts as a sponsoring member to clear eligible overnight and term resale and repurchase agreements through the Government Securities Division of the Fixed Income Clearing Corporation (“FICC”) on behalf of clients that become sponsored members under the FICC’s rules. The Firm also guarantees to the FICC the prompt and full payment and performance of its sponsored member clients’ respective obligations under the FICC’s rules. The Firm minimizes its liability under these guarantees by obtaining a security interest in the cash or high-quality securities collateral that the clients place with the clearing house; therefore, the Firm expects the risk of loss to be remote. The Firm’s maximum possible exposure, without taking into consideration the associated collateral, is included in the Exchange & clearing house guarantees and commitments line on page 163. Refer to Note 11 of JPMorgan Chase’s 2023 Form 10-K for additional information on credit risk mitigation practices on resale agreements and the types of collateral pledged under repurchase agreements. Guarantees of subsidiaries The Parent Company has guaranteed certain long-term debt and structured notes of its subsidiaries, including JPMorgan Chase Financial Company LLC (“JPMFC”), a 100%-owned finance subsidiary. All securities issued by JPMFC are fully and unconditionally guaranteed by the Parent Company and no other subsidiary of the Parent Company guarantees these securities. These guarantees, which rank pari passu with the Firm’s unsecured and unsubordinated indebtedness, are not included in the table on page 163 of this Note. Refer to Note 20 of JPMorgan Chase’s 2023 Form 10-K for additional information.

Pledged Assets and Collateral

Pledged Assets and Collateral	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Pledged Assets and Collateral	Pledged assets and collateral Refer to Note 29 of JPMorgan Chase’s 2023 Form 10-K for a discussion of the Firm’s pledged assets and collateral. Pledged assets The Firm pledges financial assets that it owns to maintain potential borrowing capacity at discount windows with Federal Reserve banks, various other central banks and FHLBs. Additionally, the Firm pledges assets for other purposes, including to collateralize repurchase and other securities financing agreements, to cover short sales and to collateralize derivative contracts and deposits. Certain of these pledged assets may be sold or repledged or otherwise used by the secured parties and are parenthetically identified on the Consolidated balance sheets as assets pledged. The following table presents the Firm’s pledged assets. (in billions) March 31, 2024 December 31, 2023 Assets that may be sold or repledged or otherwise used by secured parties $ 200.8 $ 145.0 Assets that may not be sold or repledged or otherwise used by secured parties (a) 273.7 244.2 Assets pledged at Federal Reserve banks and FHLBs 671.0 675.6 Total pledged assets $ 1,145.5 $ 1,064.8 Total pledged assets do not include assets of consolidated VIEs; these assets are used to settle the liabilities of those entities. Refer to Note 13 for additional information on assets and liabilities of consolidated VIEs. Refer to Note 10 for additional information on the Firm’s securities financing activities. Refer to Note 20 of JPMorgan Chase’s 2023 Form 10-K for additional information on the Firm’s long-term debt. Collateral The Firm accepts financial assets as collateral that it is permitted to sell or repledge, deliver or otherwise use. This collateral is generally obtained under resale and other securities financing agreements, prime brokerage-related held-for-investment customer receivables and derivative contracts. Collateral is generally used under repurchase and other securities financing agreements, to cover short sales and to collateralize derivative contracts and deposits. The following table presents the fair value of collateral accepted. (in billions) March 31, 2024 December 31, 2023 Collateral permitted to be sold or repledged, delivered, or otherwise used $ 1,444.8 $ 1,303.9 Collateral sold, repledged, delivered or otherwise used 1,113.5 982.8

Litigation

Litigation	3 Months Ended
	Mar. 31, 2024
Litigation [Abstract]
Litigation	Litigation Contingencies As of March 31, 2024, the Firm and its subsidiaries and affiliates are defendants or respondents in numerous evolving legal proceedings, including private proceedings, public proceedings, government investigations, regulatory enforcement matters, and the matters described below. The litigations range from individual actions involving a single plaintiff to class action lawsuits with potentially millions of class members. Investigations and regulatory enforcement matters involve both formal and informal proceedings, by both governmental agencies and self-regulatory organizations. These legal proceedings are at varying stages of adjudication, arbitration or investigation, and involve each of the Firm’s lines of business and several geographies and a wide variety of claims (including common law tort and contract claims and statutory antitrust, securities and consumer protection claims), some of which present novel legal theories. The Firm believes the estimate of the aggregate range of reasonably possible losses, in excess of reserves established, for its legal proceedings is from $0 to approximately $1.4 billion at March 31, 2024. This estimated aggregate range of reasonably possible losses was based upon information available as of that date for those proceedings in which the Firm believes that an estimate of reasonably possible loss can be made. For certain matters, the Firm does not believe that such an estimate can be made, as of that date. The Firm’s estimate of the aggregate range of reasonably possible losses involves significant judgment, given: • the number, variety and varying stages of the proceedings, including the fact that many are in preliminary stages, • the existence in many such proceedings of multiple defendants, including the Firm, whose share of liability (if any) has yet to be determined, • the numerous yet-unresolved issues in many of the proceedings, including issues regarding class certification and the scope of many of the claims, and • the uncertainty of the various potential outcomes of such proceedings, including where the Firm has made assumptions concerning future rulings by the court or other adjudicator, or about the behavior or incentives of adverse parties or regulatory authorities, and those assumptions prove to be incorrect. In addition, the outcome of a particular proceeding may be a result which the Firm did not take into account in its estimate because the Firm had deemed the likelihood of that outcome to be remote. Accordingly, the Firm’s estimate of the aggregate range of reasonably possible losses will change from time to time, and actual losses may vary significantly. Set forth below are descriptions of the Firm’s material legal proceedings. 1MDB Litigation . J.P. Morgan (Suisse) SA was named as a defendant in a civil litigation filed in May 2021 in Malaysia by 1Malaysia Development Berhad (“1MDB”), a Malaysian state-owned and controlled investment fund. The claim alleges “dishonest assistance” against J.P. Morgan (Suisse) SA in relation to payments of $300 million and $500 million, from 2009 and 2010, respectively, received from 1MDB and paid into an account at J.P. Morgan (Suisse) SA held by 1MDB PetroSaudi Limited, a joint venture company between 1MDB and PetroSaudi Holdings (Cayman) Limited. In March 2024, the Court upheld the Firm's challenge to the validity of service and the Malaysian Court’s jurisdiction to hear the claim. That decision has been appealed by 1MDB. In August 2023, the Court denied an application by 1MDB to discontinue its claim with permission to re-file a new claim in the future. An appeals court is scheduled in August 2024 to hear separate appeals filed by 1MDB and the Firm against that August 2023 decision. In its appeal, the Firm seeks to prevent any claim from continuing. In addition, in November 2023, the Federal Office of the Attorney General (OAG) in Switzerland notified J.P. Morgan (Suisse) SA that it is conducting an investigation into possible criminal liability in connection with transactions arising from J.P. Morgan (Suisse) SA’s relationship with the 1MDB PetroSaudi joint venture and its related persons for the period September 2009 through August 2015. The OAG investigation is ongoing. Amrapali . India’s Enforcement Directorate (“ED”) is investigating J.P. Morgan India Private Limited in connection with investments made in 2010 and 2012 by two offshore funds formerly managed by JPMorgan Chase entities into residential housing projects developed by the Amrapali Group (“Amrapali”) relating to delays in delivering or failure to deliver residential units. In August 2021, the ED issued an order fining J.P. Morgan India Private Limited approximately $31.5 million, and the Firm is appealing that order. Relatedly, in July 2019, the Supreme Court of India issued an order making preliminary findings that Amrapali and other parties, including unspecified JPMorgan Chase entities and the offshore funds that had invested in the projects, violated certain criminal currency control and money laundering provisions, and ordered the ED to conduct a further inquiry. The Firm is responding to and cooperating with the inquiry. Foreign Exchange Investigations and Litigation. The Firm previously reported settlements with certain government authorities relating to its foreign exchange (“FX”) sales and trading activities and controls related to those activities. Among those resolutions, in May 2015, the Firm pleaded guilty to a single violation of federal antitrust law. The Department of Labor ("DOL") granted the Firm exemptions that permit the Firm and its affiliates to continue to rely on the Qualified Professional Asset Manager exemption under the Employee Retirement Income Security Act (“ERISA”) through the ten-year disqualification period following the antitrust plea. The only remaining FX-related governmental inquiry is a South Africa Competition Commission matter which is currently pending before the South Africa Competition Tribunal. With respect to civil litigation matters, in a putative class action filed against the Firm and other foreign exchange dealers on behalf of certain parties who purchased foreign currencies at allegedly inflated rates, the District Court denied certification of a class and granted summary judgment against the named plaintiffs in March 2023. An appeal by those plaintiffs of the District Court's decision is pending. In addition, some FX-related individual and putative class actions based on similar alleged underlying conduct have been filed outside the U.S., including in the U.K., Israel, the Netherlands, Brazil and Australia. An agreement to resolve one of the U.K. actions was reached in December 2022. In July 2023, the U.K. Court of Appeal overturned the Competition Appeal Tribunal's earlier denial of a request for class certification on an opt-out basis. In Israel, a settlement in principle has been reached on the putative class action, which remains subject to court approval. Government Inquiries Related to the Zelle Network . The Firm is responding to inquiries from civil government authorities regarding the handling of disputes related to transfers of funds through the Zelle Network. The Firm is cooperating with these inquiries and responding to requests for information. Interchange Litigation. Groups of merchants and retail associations filed a series of class action complaints alleging that Visa and Mastercard, as well as certain banks, conspired to set the price of credit and debit card interchange fees and enacted related rules in violation of antitrust laws. In September 2018, the parties settled the class action seeking monetary relief, with the defendants collectively contributing approximately $6.2 billion. The settlement has been approved by the District Court and affirmed on appeal. Based on the percentage of merchants that opted out of the settlement, $700 million has been returned to the defendants from the settlement escrow. A separate class action seeking injunctive relief continues, and in September 2021, the District Court granted plaintiffs’ motion for class certification in part, and denied the motion in part. In March 2024, Visa and Mastercard announced a settlement of the injunctive class action, agreeing to certain changes to their respective network rules and system-wide reductions in interchange rates for U.S.-based merchants. This settlement is subject to approval by the District Court. Of the merchants who opted out of the damages class settlement, certain merchants filed individual actions raising similar allegations against Visa and Mastercard, as well as against the Firm and other banks. While some of those actions remain pending, the defendants have reached settlements with the merchants who opted out representing over 70% of the combined Mastercard-branded and Visa-branded payment card sales volume. LIBOR and Other Benchmark Rate Investigations and Litigation . JPMorgan Chase has responded to inquiries from various governmental agencies and entities around the world relating primarily to the British Bankers Association’s (“BBA”) London Interbank Offered Rate (“LIBOR”) for various currencies and the European Banking Federation’s Euro Interbank Offered Rate (“EURIBOR”). The Swiss Competition Commission’s investigation relating to EURIBOR, to which the Firm and one other bank remain subject, continues. The Firm appealed a December 2016 decision by the European Commission against the Firm and other banks finding an infringement of European antitrust rules relating to EURIBOR. In December 2023, the European General Court annulled the fine imposed by the European Commission, but exercised its discretion to re-impose a fine in an identical amount. In March 2024, the Firm filed an appeal of this decision with the Court of Justice of the European Union. In addition, the Firm has been named as a defendant along with other banks in various individual and putative class actions related to benchmark rates, including U.S. dollar LIBOR. In actions related to U.S. dollar LIBOR during the period that it was administered by the BBA, the Firm has obtained dismissal of certain actions and resolved certain other actions, and others are in various stages of litigation. The United States District Court for the Southern District of New York has granted class certification of antitrust claims related to bonds and interest rate swaps sold directly by the defendants, including the Firm. In addition, a lawsuit filed by a group of individual plaintiffs asserting antitrust claims, alleging that the Firm and other defendants were engaged in an unlawful agreement to set U.S. dollar LIBOR and conspired to monopolize the market for LIBOR-based consumer l oans and credit cards was dismissed in October 2023. Plaintiff filed an appeal of the dismissal to the United States Court of Appeals for the Ninth Circuit in November 2023. The Firm has resolved all non-U.S. dollar LIBOR actions. Russian Litigation . The Firm is obligated to comply with international sanctions laws, which mandate the blocking of certain assets. These laws apply when assets associated with individuals, companies, products or services are within the scope of the sanctions. The Firm has faced actual and threatened litigation in Russia seeking payments on transactions that the Firm cannot make under and is contractually excused from paying as a result of, relevant sanctions laws. In claims involving the Firm and claims filed against other financial institutions, Russian courts have disregarded the parties’ contractual agreements concerning forum selection and did not recognize foreign sanctions laws as a basis for not making payment. As to claims against the Firm, a Russian court entered judgment against the Firm in one claim in February 2024, which the Firm has appealed in Russia. In separate claims, in April 2024, Russian courts ordered an interim freeze of assets in Russia (including funds in bank accounts, securities, shares in authorized capital, and certain trademarks, of the named defendants) pending a determination on the underlying claims. Russian courts may rule similarly in other cases, including ordering freezes of assets. The Firm challenged the April 2024 freeze orders in the Russian courts and in a New York federal court action, and a Russian court has issued an order instructing the Firm to discontinue the New York action. The value of the current claims and the orders to freeze assets against the Firm exceed the total amount of available assets that the Firm holds in Russia. If the claims are enforced despite the actions taken by the Firm to challenge the claims and orders and to seek the proper application of law, the Firm’s assets in Russia could be seized in full or the Firm could be prevented from complying with its obligations. SEC Inquiries . The Firm is responding to requests from the SEC regarding aspects of certain advisory programs within J.P. Morgan Securities LLC, including aggregation of accounts for billing, discounting advisory fees, and selecting portfolio managers. Separately, the Firm is responding to requests from the SEC in connection with the timing of the Firm’s liquidation of shares distributed in-kind to certain investment vehicles that invest in third-party managed private funds. The Firm is cooperating with the SEC in regard to both inquires. Securities Lending Antitrust Litigation . JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, J.P. Morgan Prime, Inc., and J.P. Morgan Strategic Securities Lending Corp. are named as defendants in a putative class action filed in the United States District Court for the Southern District of New York. The complaint asserts violations of federal antitrust law and New York State common law in connection with an alleged conspiracy to prevent the emergence of anonymous exchange trading for securities lending transactions. The settlement of this action by the parties has been preliminarily approved, and is subject to final court approval. Shareholder Litigation . Several shareholder putative class actions, as well as shareholder derivative actions purporting to act on behalf of the Firm, have been filed against the Firm, its Board of Directors and certain of its current and former officers. Certain of these shareholder suits relate to historical trading practices by former employees in the precious metals and U.S. treasuries markets and related conduct which were the subject of the Firm’s resolutions with the DOJ, CFTC and SEC in September 2020, and fiduciary activities that were separately the subject of a resolution between JPMorgan Chase Bank, N.A. and the OCC in November 2020. One of these shareholder derivative suits was filed in the Supreme Court of the State of New York in May 2022, asserting breach of fiduciary duty and unjust enrichment claims relating to the historical trading practices and related conduct and fiduciary activities which were the subject of the resolutions described above. In December 2022, the court granted defendants’ motion to dismiss this action in full, and in July 2023, the plaintiff filed an appeal, which remains pending. A separate shareholder derivative suit was filed in March 2022 in the United States District Court for the Eastern District of New York asserting state claims of breaches of fiduciary duty and federal claims of violations of federal securities laws based on the alleged failure of the Board of Directors to exercise adequate oversight over the Firm’s compliance with records preservation requirements which were the subject of resolutions between certain of the Firm’s subsidiaries and the SEC and the CFTC. In March 2024, the Court granted Defendants’ motion to dismiss the federal claims and declined to exercise jurisdiction over the remaining state claims. Trading Venues Investigations . The Firm has been responding to government inquiries regarding its processes to inventory trading venues and confirm the completeness of certain data fed to trade surveillance platforms. The Firm self-identified that certain trading and order data through the CIB was not feeding into its trade surveillance platforms. The Firm has completed enhancements to the CIB’s venue inventory and data completeness controls, and other remediation is underway. The Firm has also performed a review of the data not originally surveilled, which is nearly complete, and has not identified any employee misconduct, harm to clients or the market. While the identified gaps represent a fraction of the overall activity across the CIB, the data gap on one venue, which largely consisted of sponsored client access activity, was significant. The Firm is dedicated to maintaining rigorous controls and continuously enhancing the reliability of its trade infrastructure. In March 2024, the Firm entered into resolutions with the OCC and the Board of Governors of the FRB that require the Firm to, among other things, complete its remediation, engage an independent consultant, and pay aggregate civil penalties of approximately $350 million. The Firm also expects to enter into a resolution with a third U.S. regulator that will require the Firm to, among other things, pay a civil penalty of $100 million after offsets for amounts paid to the OCC and FRB. The Firm does not expect any disruption of service to clients as a result of these resolutions. * * * In addition to the various legal proceedings discussed above, JPMorgan Chase and its subsidiaries are named as defendants or are otherwise involved in a substantial number of other legal proceedings. The Firm believes it has meritorious defenses to the claims asserted against it in its currently outstanding legal proceedings and it intends to defend itself vigorously. Additional legal proceedings may be initiated from time to time in the future. The Firm has established reserves for several hundred of its currently outstanding legal proceedings. In accordance with the provisions of U.S. GAAP for contingencies, the Firm accrues for a litigation-related liability when it is probable that such a liability has been incurred and the amount of the loss can be reasonably estimated. The Firm evaluates its outstanding legal proceedings each quarter to assess its litigation reserves, and makes adjustments in such reserves, upward or downward, as appropriate, based on management’s best judgment after consultation with counsel. The Firm’s legal expense was $(72) million and $176 million for the three months ended March 31, 2024 and 2023, respectively. There is no assurance that the Firm’s litigation reserves will not need to be adjusted in the future. In view of the inherent difficulty of predicting the outcome of legal proceedings, particularly where the claimants seek very large or indeterminate damages, or where the matters present novel legal theories, involve a large number of parties or are in early stages of discovery, the Firm cannot state with confidence what will be the eventual outcomes of the currently pending matters, the timing of their ultimate resolution or the eventual losses, fines, penalties or consequences related to those matters. JPMorgan Chase believes, based upon its current knowledge and after consultation with counsel, consideration of the material legal proceedings described above and after taking into account its current litigation reserves and its estimated aggregate range of possible losses, that the other legal proceedings currently pending against it should not have a material adverse effect on the Firm’s consolidated financial condition. The Firm notes, however, that in light of the uncertainties involved in such proceedings, there is no assurance that the ultimate resolution of these matters will not significantly exceed the reserves it has currently accrued or that a matter will not have material reputational consequences. As a result, the outcome of a particular matter may be material to JPMorgan Chase’s operating results for a particular period, depending on, among other factors, the size of the loss or liability imposed and the level of JPMorgan Chase’s income for that period.

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Business Segments	Business segments The Firm is managed on an LOB basis. There are four major reportable business segments – Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset & Wealth Management. In addition, there is a Corporate segment. The business segments are determined based on the products and services provided, or the type of customer served, and they reflect the manner in which financial information is currently evaluated by the Firm’s Operating Committee. Segment results are presented on a managed basis. As a result of the organizational changes announced on January 25, 2024, the Firm will be reorganizing its business segments to reflect the manner in which the segments will be managed. The reorganization of the business segments will be effective in the second quarter of 2024. Refer to Recent events on page 52 of JPMorgan Chase's 2023 Form 10-K for additional information. Refer to Note 32 of JPMorgan Chase’s 2023 Form 10-K for a further discussion of JPMorgan Chase’s business segments. Segment results The following table provides a summary of the Firm’s segment results as of or for the three months ended March 31, 2024 and 2023, on a managed basis. The Firm’s definition of managed basis starts with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm (and each of the reportable business segments) on an FTE basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. Refer to Note 32 of JPMorgan Chase’s 2023 Form 10-K for additional information on the Firm’s managed basis. Capital allocation The amount of capital assigned to each business segment is referred to as equity. At least annually, the assumptions, judgments and methodologies used to allocate capital are reassessed and, as a result, the capital allocated to the LOBs may change. Refer to Note 32 of JPMorgan Chase’s 2023 Form 10-K for additional information on capital allocation. Segment results and reconciliation (a) As of or for the three months Consumer & Corporate & Investment Bank Commercial Banking Asset & Wealth Management 2024 2023 2024 2023 2024 2023 2024 2023 Noninterest revenue $ 3,945 $ 3,623 $ 11,236 $ 11,523 $ 925 $ 781 $ 3,514 $ 3,333 Net interest income 13,708 12,833 2,397 2,077 3,026 2,730 1,595 1,451 Total net revenue 17,653 16,456 13,633 13,600 3,951 3,511 5,109 4,784 Provision for credit losses 1,913 1,402 32 58 (31) 417 (57) 28 Noninterest expense 9,297 8,065 7,218 7,483 1,506 1,308 3,460 3,091 Income/(loss) before income tax expense/(benefit) 6,443 6,989 6,383 6,059 2,476 1,786 1,706 1,665 Income tax expense/(benefit) 1,612 1,746 1,630 1,638 607 439 416 298 Net income/(loss) $ 4,831 $ 5,243 $ 4,753 $ 4,421 $ 1,869 $ 1,347 $ 1,290 $ 1,367 Average equity $ 54,500 $ 52,000 $ 102,000 $ 108,000 $ 30,000 $ 28,500 $ 15,500 $ 16,000 Total assets 629,122 506,382 1,594,901 1,436,237 303,350 261,181 240,555 232,516 ROE 35 % 40 % 18 % 16 % 24 % 18 % 33 % 34 % Overhead ratio 53 49 53 55 38 37 68 65 As of or for the three months Corporate Reconciling Items (a) Total 2024 2023 2024 2023 2024 2023 Noninterest revenue $ (275) $ (755) $ (493) $ (867) $ 18,852 $ 17,638 Net interest income 2,477 1,740 (121) (120) 23,082 20,711 Total net revenue 2,202 985 (614) (987) 41,934 38,349 Provision for credit losses 27 370 — — 1,884 2,275 Noninterest expense 1,276 160 — — 22,757 20,107 Income/(loss) before income tax expense/(benefit) 899 455 (614) (987) 17,293 15,967 Income tax expense/(benefit) 223 211 (614) (987) 3,874 3,345 Net income/(loss) $ 676 $ 244 $ — $ — $ 13,419 $ 12,622 Average equity $ 98,277 $ 66,697 $ — $ — $ 300,277 $ 271,197 Total assets 1,322,799 1,307,989 NA NA 4,090,727 3,744,305 ROE NM NM NM NM 17 % 18 % Overhead ratio NM NM NM NM 54 52 (a) Segment managed results reflect revenue on an FTE basis with the corresponding income tax impact recorded within income tax expense/(benefit). These adjustments are eliminated in reconciling items to arrive at the Firm’s reported U.S. GAAP results.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business combinations On May 1, 2023, JPMorgan Chase acquired certain assets and assumed certain liabilities of First Republic Bank (the "First Republic acquisition") from the Federal Deposit Insurance Corporation (“FDIC”), as receiver. The Firm believes that the First Republic acquisition is complementary to the Firm's existing franchises. The acquisition resulted in an estimated bargain purchase gain, which represents the excess of the estimated fair value of the net assets acquired above the purchase price. The Firm has determined that this acquisition constitutes a business combination under U.S. GAAP. Accordingly, the initial recognition of the assets acquired and liabilities assumed were generally measured at their estimated fair values as of May 1, 2023. The determination of those fair values required management to make certain market-based assumptions about expected future cash flows, discount rates and other valuation inputs at the time of the acquisition. The Firm believes that the fair value estimates of the assets acquired and liabilities assumed provide a reasonable basis for determining the estimated bargain purchase gain. The First Republic acquisition resulted in a preliminary estimated bargain purchase gain of $2.7 billion. Adjustments to the purchase price and the estimated bargain purchase gain may take place up to one year from the acquisition date, as permitted by U.S. GAAP. The Firm is working to conclude the final settlement process with the FDIC. Resolution of certain matters relating to the final settlement will occur after May 1, 2024. The current estimated bargain purchase gain of $2.8 billion reflects measurement period adjustments made to the fair value of the net assets acquired, from the acquisition date through March 31, 2024, including a reduction of $16 million for the three months ended March 31, 2024. Refer to Note 34 of JPMorgan Chase’s 2023 Form 10-K for further information on the First Republic acquisition. The computation of the purchase price, the estimated fair values of the assets acquired and liabilities assumed as part of the First Republic acquisition and the related estimated bargain purchase gain are presented below, and reflects adjustments made through March 31, 2024 to the acquisition-date fair value of the net assets acquired. Fair value purchase (in millions) Purchase price consideration Amounts paid/due to the FDIC, net of cash acquired (a) $ 13,566 Purchase Money Note (at fair value) (b) 48,848 Settlement of First Republic deposit and other related party transactions (c) 5,447 Contingent consideration - Shared-loss agreements 15 Purchase price consideration $ 67,876 Assets Securities $ 30,285 Loans 153,242 Core deposit and customer relationship intangibles 1,455 Indemnification assets - Shared-loss agreements 675 Accounts receivable and other assets (d) 6,595 Total assets acquired $ 192,252 Liabilities Deposits $ 87,572 FHLB advances 27,919 Lending-related commitments 2,614 Accounts payable and other liabilities (d) 2,793 Deferred tax liabilities 719 Total liabilities assumed $ 121,617 Fair value of net assets acquired $ 70,635 Estimated gain on acquisition, after income taxes $ 2,759 (a) Includes $10.6 billion of cash paid to the FDIC at acquisition and $3.6 billion payable to the FDIC, less cash acquired of $680 million. (b) As part of the consideration paid, JPMorgan Chase issued a five-year, $50 billion secured note to the FDIC (the "Purchase Money Note"). (c) Includes $447 million of securities financing transactions with First Republic Bank that were effectively settled on the acquisition date. (d) Other assets include $1.2 billion in tax-oriented investments and $683 million of lease right-of-use assets. Other liabilities include the related tax-oriented investment liabilities of $669 million and lease liabilities of $748 million. Refer to Note 14 and Note 18 of JPMorgan Chase's 2023 Form 10-K for additional information. Refer to JPMorgan Chase’s 2023 Form 10-K for a discussion of the Firm’s accounting policies and valuation methodologies for securities, loans, core deposits and customer relationship intangibles, shared-loss agreements and the related indemnification assets, deposits, Purchase Money Note, FHLB advances and lending-related commitments. Loans The following table presents the unpaid principal balance ("UPB") and estimated fair values of the loans acquired as of May 1, 2023, and reflects adjustments made through March 31, 2024 to the acquisition-date fair value of the loans acquired. May 1, 2023 (in millions) UPB Fair value Residential real estate $ 106,240 $ 92,053 Auto and other 3,093 2,030 Total consumer 109,333 94,083 Secured by real estate 37,117 33,602 Commercial & industrial 4,332 3,932 Other 23,499 21,625 Total wholesale 64,948 59,159 Total loans $ 174,281 $ 153,242 Unaudited pro forma condensed combined financial information Included in the Firm's Consolidated statements of income are noninterest revenue, net interest income and net income contributed by First Republic of $315 million, $1.3 billion and $668 million, respectively, for the three months ended March 31, 2024. The following table presents certain unaudited pro forma financial information for the three months ended March 31, 2023 as if the First Republic acquisition had occurred on January 1, 2022, including recognition of the estimated bargain purchase gain of $2.8 billion and the provision for credit losses of $1.2 billion. Additional adjustments include the interest on the Purchase Money Note and the impact of amortizing and accreting certain estimated fair value adjustments related to intangible assets, loans and lending-related commitments. The Firm expects to achieve operating cost savings and other business synergies resulting from the acquisition that are not reflected in the pro forma amounts. The pro forma information is not necessarily indicative of the historical results of operations had the acquisition occurred on January 1, 2022, nor is it indicative of the results of operations in future periods. For the three months ended March 31, 2023 (in millions) Noninterest revenue $ 17,899 Net interest income 21,909 Net income 13,168

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 13,419	$ 12,622

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Trading arrangements The following table provides information concerning Rule 10b5-1 trading arrangements (as defined in Item 408 of Regulation S-K under the Securitie s Exchange Act of 1934) adopted in the first quarter of 2024 by any director or officer who is subject to the filing requirements of Section 16 of the Securities Exchange Act of 1934 ("Section 16 Director or Officer"). These trading arrangements are intended to satisfy the affirmative defense of Rule 10b5-1(c). Certain of the Firm's Section 16 Directors or Officers may participate in employee stock purchase plans, 401(k) plans or dividend reinvestment plans of the Firm that have been designed to comply wi th Rule 10b5-1(c). No non-Rule 10b5-1 trading arrangements (as defined in Item 408 of Regulation S-K under the Securities Exchange Act of 1934) were adopted by any Section 16 Director or Officer during the first quarter of 2024. Additionally, no Rule 10b5-1 or non-Rule 10b5-1 trading arrangements were terminated by any Section 16 Director or Officer in the first quarter of 2024. Name Title Adoption date Duration (b) Aggregate number of shares to be sold Ashley Bacon Chief Risk Officer February 7, 2024 February 7, 2024 – September 30, 2024 10,172 Lori Beer Chief Information Officer February 13, 2024 February 13, 2024 – September 30, 2024 5,298 Mary Erdoes CEO, AWM February 7, 2024 February 7, 2024 – June 28, 2024 15,895 Stacey Friedman General Counsel February 14, 2024 February 14, 2024 – September 30, 2024 8,830 Elena Korablina Controller February 1, 2024 February 1, 2024 – September 30, 2024 21,829 Marianne Lake (a) CEO, CCB February 13, 2024 February 13, 2024 – December 31, 2024 11,734 Robin Leopold Head of Human Resources February 9, 2024 February 9, 2024 – December 31, 2024 3,000 Doug Petno Co-Head of Global Banking, CIB February 12, 2024 February 12, 2024 – September 30, 2024 9,654 Jennifer Piepszak Co-CEO, CIB February 6, 2024 February 6, 2024 – December 31, 2024 8,831 Peter Scher Vice Chairman February 9, 2024 February 9, 2024 – September 30, 2024 4,973 (a) Transaction by trust of which Ms. Lake has either a direct or indirect pecuniary interest. (b)
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Ashley Bacon [Member]
Trading Arrangements, by Individual
Name	Ashley Bacon
Title	Chief Risk Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 7, 2024
Arrangement Duration	236 days
Aggregate Available	10,172
Lori Beer [Member]
Trading Arrangements, by Individual
Name	Lori Beer
Title	Chief Information Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 13, 2024
Arrangement Duration	230 days
Aggregate Available	5,298
Mary Erdoes [Member]
Trading Arrangements, by Individual
Name	Mary Erdoes
Title	CEO, AWM
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 7, 2024
Arrangement Duration	142 days
Aggregate Available	15,895
Stacey Friedman [Member]
Trading Arrangements, by Individual
Name	Stacey Friedman
Title	General Counsel
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 14, 2024
Arrangement Duration	229 days
Aggregate Available	8,830
Elena Korablina [Member]
Trading Arrangements, by Individual
Name	Elena Korablina
Title	Controller
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 1, 2024
Arrangement Duration	242 days
Aggregate Available	21,829
Marianne Lake [Member]
Trading Arrangements, by Individual
Name	Marianne Lake(a)
Title	CEO, CCB
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 13, 2024
Arrangement Duration	322 days
Aggregate Available	11,734
Robin Leopold [Member]
Trading Arrangements, by Individual
Name	Robin Leopold
Title	Head of Human Resources
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 9, 2024
Arrangement Duration	326 days
Aggregate Available	3,000
Doug Petno [Member]
Trading Arrangements, by Individual
Name	Doug Petno
Title	Co-Head of Global Banking, CIB
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 12, 2024
Arrangement Duration	231 days
Aggregate Available	9,654
Jennifer Piepszak [Member]
Trading Arrangements, by Individual
Name	Jennifer Piepszak
Title	Co-CEO, CIB
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 6, 2024
Arrangement Duration	329 days
Aggregate Available	8,831
Peter Scher [Member]
Trading Arrangements, by Individual
Name	Peter Scher
Title	Vice Chairman
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 9, 2024
Arrangement Duration	234 days
Aggregate Available	4,973

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation policy	The accounting and financial reporting policies of JPMorgan Chase and its subsidiaries conform to U.S. GAAP. Additionally, where applicable, the policies conform to the accounting and reporting guidelines prescribed by regulatory authorities.
Use of estimates in the preparation of consolidated financial statements policy	The unaudited Consolidated Financial Statements prepared in conformity with U.S. GAAP require management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expense, and the disclosures of contingent assets and liabilities. Actual results could be different from these estimates. In the opinion of management, all normal, recurring adjustments have been included such that this interim financial information is fairly stated.
Consolidation policy	The Consolidated Financial Statements include the accounts of JPMorgan Chase and other entities in which the Firm has a controlling financial interest. All material intercompany balances and transactions have been eliminated. Assets held for clients in an agency or fiduciary capacity by the Firm are not assets of JPMorgan Chase and are not included on the Consolidated balance sheets.
Offsetting assets and liabilities policy	U.S. GAAP permits entities to present derivative receivables and derivative payables with the same counterparty and the related cash collateral receivables and payables on a net basis on the Consolidated balance sheets when a legally enforceable master netting agreement exists. U.S. GAAP also permits securities financing balances to be presented on a net basis when specified conditions are met, including the existence of a legally enforceable master netting agreement. The Firm has elected to net such balances where it has determined that the specified conditions are met. Refer to Note 1 of JPMorgan Chase’s 2023 Form 10-K for further information on offsetting assets and liabilities.
Accounting standard adopted policy	Accounting standard adopted January 1, 2024 Equity Method and Joint Ventures: Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The guidance expanded the types of tax-oriented investments, beyond affordable housing tax credit investments, that the Firm can elect on a program by program basis, to be accounted for using the proportional amortization method. This method requires the cost of eligible investments, within an elected program, to be amortized in proportion to the tax benefits received with the resulting amortization reported directly in income tax expense, which aligns with the associated tax credits and other tax benefits. Eligible investments must meet certain criteria, including that substantially all of the return is from income tax credits and other income tax benefits. This guidance was adopted on January 1, 2024 under the modified retrospective method. The adoption of this guidance resulted in a change to the classification and timing of the amortization associated with certain of the Firm's alternative energy tax-oriented investments. As a result of the adoption, the amortization of these investments that was previously recognized in other income is now being recognized in income tax expense. The change in accounting resulted in a decrease to retained earnings of $161 million and increased the Firm’s income tax expense and the effective tax rate by approximately $450 million and two percentage points, respectively, for the three months ended March 31, 2024, with no material impact to net income. The guidance requires additional disclosure for all investments that generate income tax credits and other income tax benefits from a tax-oriented investment program for which the Firm has elected to apply the proportional amortization method. The guidance also requires a reevaluation of eligible investments when significant modifications or events occur that result in a change in the nature of the investment or a change in the Firm's relationship with the underlying project. Refer to Note 5 and Note 13 for additional information.
Allowance for credit losses policy	The Firm's allowance for credit losses represents management's estimate of expected credit losses over the remaining expected life of the Firm's financial assets measured at amortized cost and certain off-balance sheet lending-related commitments.
Loan securitizations policy	The Firm has securitized and sold a variety of loans, including residential mortgages, credit card receivables, commercial mortgages and other consumer loans.
Goodwill policy	Goodwill Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of the net assets acquired, and can be adjusted up to one year from the acquisition date as additional information pertaining to facts and circumstances that existed as of the acquisition date is obtained about the fair value of assets acquired and liabilities assumed.
Other intangible assets policy	The Firm’s finite-lived and indefinite-lived other intangible assets are initially recorded at their fair value primarily upon completion of a business combination. Finite-lived intangible assets, including core deposit intangibles, customer relationship intangibles, and certain other intangible assets, are amortized over their useful lives, estimated based on the expected future economic benefits. The Firm’s intangible assets with indefinite lives, such as asset management contracts, are not subject to amortization and are assessed periodically for impairment.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following table presents the assets and liabilities reported at fair value as of March 31, 2024 and December 31, 2023, by major product category and fair value hierarchy. Assets and liabilities measured at fair value on a recurring basis Fair value hierarchy Derivative (f) March 31, 2024 (in millions) Level 1 Level 2 Level 3 Total fair value Federal funds sold and securities purchased under resale agreements $ — $ 324,418 $ — $ — $ 324,418 Securities borrowed — 84,258 — — 84,258 Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 99,292 729 — 100,021 Residential – nonagency — 1,873 8 — 1,881 Commercial – nonagency — 1,089 12 — 1,101 Total mortgage-backed securities — 102,254 749 — 103,003 U.S. Treasury, GSEs and government agencies (a) 184,768 10,418 — — 195,186 Obligations of U.S. states and municipalities — 5,781 7 — 5,788 Certificates of deposit, bankers’ acceptances and commercial paper — 3,626 — — 3,626 Non-U.S. government debt securities 32,609 70,891 173 — 103,673 Corporate debt securities — 37,925 570 — 38,495 Loans — 8,796 531 — 9,327 Asset-backed securities — 2,687 14 — 2,701 Total debt instruments 217,377 242,378 2,044 — 461,799 Equity securities 215,191 487 203 — 215,881 Physical commodities (b) 1,612 995 2 — 2,609 Other — 17,345 107 — 17,452 Total debt and equity instruments (c) 434,180 261,205 2,356 — 697,741 Derivative receivables: Interest rate 1,287 231,904 4,811 (212,474) 25,528 Credit — 9,518 1,212 (9,999) 731 Foreign exchange 153 182,868 847 (165,780) 18,088 Equity — 80,591 2,913 (76,459) 7,045 Commodity — 17,521 273 (12,565) 5,229 Total derivative receivables 1,440 522,402 10,056 (477,277) 56,621 Total trading assets (d) 435,620 783,607 12,412 (477,277) 754,362 Available-for-sale securities: Mortgage-backed securities: U.S. GSEs and government agencies (a) 10 71,227 — — 71,237 Residential – nonagency — 2,961 — — 2,961 Commercial – nonagency — 2,659 — — 2,659 Total mortgage-backed securities 10 76,847 — — 76,857 U.S. Treasury and government agencies 110,642 134 — — 110,776 Obligations of U.S. states and municipalities — 18,811 — — 18,811 Non-U.S. government debt securities 12,463 7,416 — — 19,879 Corporate debt securities — 89 — — 89 Asset-backed securities: Collateralized loan obligations — 7,164 — — 7,164 Other (a) — 2,576 — — 2,576 Total available-for-sale securities 123,115 113,037 — — 236,152 Loans (e) — 36,145 2,901 — 39,046 Mortgage servicing rights — — 8,605 — 8,605 Other assets (d) 9,772 4,056 811 — 14,639 Total assets measured at fair value on a recurring basis $ 568,507 $ 1,345,521 $ 24,729 $ (477,277) $ 1,461,480 Deposits $ — $ 78,523 $ 2,055 $ — $ 80,578 Federal funds purchased and securities loaned or sold under repurchase agreements — 264,554 — — 264,554 Short-term borrowings — 20,650 2,206 — 22,856 Trading liabilities: Debt and equity instruments (c) 157,774 34,513 37 — 192,324 Derivative payables: Interest rate 1,588 221,085 4,011 (214,678) 12,006 Credit — 11,788 952 (11,590) 1,150 Foreign exchange 155 180,125 823 (171,096) 10,007 Equity — 84,983 5,694 (84,110) 6,567 Commodity — 18,103 776 (12,606) 6,273 Total derivative payables 1,743 516,084 12,256 (494,080) 36,003 Total trading liabilities 159,517 550,597 12,293 (494,080) 228,327 Accounts payable and other liabilities 7,076 1,793 48 — 8,917 Beneficial interests issued by consolidated VIEs — 1 — — 1 Long-term debt — 64,052 28,678 — 92,730 Total liabilities measured at fair value on a recurring basis $ 166,593 $ 980,170 $ 45,280 $ (494,080) $ 697,963 Fair value hierarchy Derivative (f) December 31, 2023 (in millions) Level 1 Level 2 Level 3 Total fair value Federal funds sold and securities purchased under resale agreements $ — $ 259,813 $ — $ — $ 259,813 Securities borrowed — 70,086 — — 70,086 Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 73,840 758 — 74,598 Residential – nonagency — 1,921 5 — 1,926 Commercial – nonagency — 1,362 12 — 1,374 Total mortgage-backed securities — 77,123 775 — 77,898 U.S. Treasury, GSEs and government agencies (a) 133,997 9,998 — — 143,995 Obligations of U.S. states and municipalities — 5,858 10 — 5,868 Certificates of deposit, bankers’ acceptances and commercial paper — 756 — — 756 Non-U.S. government debt securities 24,846 55,557 179 — 80,582 Corporate debt securities — 32,854 484 — 33,338 Loans — 7,872 684 — 8,556 Asset-backed securities — 2,199 6 — 2,205 Total debt instruments 158,843 192,217 2,138 — 353,198 Equity securities 107,926 679 127 — 108,732 Physical commodities (b) 2,479 3,305 7 — 5,791 Other — 17,879 101 — 17,980 Total debt and equity instruments (c) 269,248 214,080 2,373 — 485,701 Derivative receivables: Interest rate 2,815 243,578 4,298 (224,367) 26,324 Credit — 8,644 1,010 (9,103) 551 Foreign exchange 149 204,737 889 (187,756) 18,019 Equity — 55,167 2,522 (52,761) 4,928 Commodity — 15,234 205 (10,397) 5,042 Total derivative receivables 2,964 527,360 8,924 (484,384) 54,864 Total trading assets (d) 272,212 741,440 11,297 (484,384) 540,565 Available-for-sale securities: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 85,170 — — 85,170 Residential – nonagency — 3,639 — — 3,639 Commercial – nonagency — 2,803 — — 2,803 Total mortgage-backed securities — 91,612 — — 91,612 U.S. Treasury and government agencies 57,683 122 — — 57,805 Obligations of U.S. states and municipalities — 21,367 — — 21,367 Non-U.S. government debt securities 13,095 8,187 — — 21,282 Corporate debt securities — 100 — — 100 Asset-backed securities: Collateralized loan obligations — 6,752 — — 6,752 Other (a) — 2,786 — — 2,786 Total available-for-sale securities 70,778 130,926 — — 201,704 Loans (e) — 35,772 3,079 — 38,851 Mortgage servicing rights — — 8,522 — 8,522 Other assets (d) 6,635 3,929 758 — 11,322 Total assets measured at fair value on a recurring basis $ 349,625 $ 1,241,966 $ 23,656 $ (484,384) $ 1,130,863 Deposits $ — $ 76,551 $ 1,833 $ — $ 78,384 Federal funds purchased and securities loaned or sold under repurchase agreements — 169,003 — — 169,003 Short-term borrowings — 18,284 1,758 — 20,042 Trading liabilities: Debt and equity instruments (c) 107,292 32,252 37 — 139,581 Derivative payables: Interest rate 4,409 232,277 3,796 (228,586) 11,896 Credit — 11,293 745 (10,949) 1,089 Foreign exchange 147 211,289 827 (199,643) 12,620 Equity — 60,887 4,924 (56,443) 9,368 Commodity — 15,894 484 (10,504) 5,874 Total derivative payables 4,556 531,640 10,776 (506,125) 40,847 Total trading liabilities 111,848 563,892 10,813 (506,125) 180,428 Accounts payable and other liabilities 3,968 1,617 52 — 5,637 Beneficial interests issued by consolidated VIEs — 1 — — 1 Long-term debt — 60,198 27,726 — 87,924 Total liabilities measured at fair value on a recurring basis $ 115,816 $ 889,546 $ 42,182 $ (506,125) $ 541,419 (a) At March 31, 2024 and December 31, 2023, included total U.S. GSE obligations of $103.8 billion and $78.5 billion, respectively, which were mortgage-related. (b) Physical commodities inventories are generally accounted for at the lower of cost or net realizable value. “Net realizable value” is a term defined in U.S. GAAP as not exceeding fair value less costs to sell (“transaction costs”). Transaction costs for the Firm’s physical commodities inventories are either not applicable or immaterial to the value of the inventory. Therefore, net realizable value approximates fair value for the Firm’s physical commodities inventories. When fair value hedging has been applied (or when net realizable value is below cost), the carrying value of physical commodities approximates fair value, because under fair value hedge accounting, the cost basis is adjusted for changes in fair value. Refer to Note 4 for a further discussion of the Firm’s hedge accounting relationships. To provide consistent fair value disclosure information, all physical commodities inventories have been included in each period presented. (c) Balances reflect the reduction of securities owned (long positions) by the amount of identical securities sold but not yet purchased (short positions). (d) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient are not required to be classified in the fair value hierarchy. At March 31, 2024 and December 31, 2023, the fair values of these investments, which include certain hedge funds, private equity funds, real estate and other funds, were $1.1 billion and $1.0 billion, respectively. Included in these balances at March 31, 2024 and December 31, 2023, were trading assets of $47 million and $42 million, respectively, and other assets of $1.0 billion and $984 million, respectively. (e) At both March 31, 2024 and December 31, 2023, included $10.2 billion of residential first-lien mortgages and $6.0 billion of commercial first-lien mortgages. Residential mortgage loans include conforming mortgage loans originated with the intent to sell to U.S. GSEs and government agencies of $3.4 billion and $2.9 billion, respectively. (f) As permitted under U.S. GAAP, the Firm has elected to net derivative receivables and derivative payables and the related cash collateral received and paid when a legally enforceable master netting agreement exists. The level 3 balances would be reduced if netting were applied, including the netting benefit associated with cash collateral.
Fair value inputs, assets and liabilities, quantitative information	The following table presents the Firm’s primary level 3 financial instruments, the valuation techniques used to measure the fair value of those financial instruments, the significant unobservable inputs, the range of values for those inputs and the weighted or arithmetic averages of such inputs. While the determination to classify an instrument within level 3 is based on the significance of the unobservable inputs to the overall fair value measurement, level 3 financial instruments typically include observable components (that is, components that are actively quoted and can be validated to external sources) in addition to the unobservable components. The level 1 and/or level 2 inputs are not included in the table. In addition, the Firm manages the risk of the observable components of level 3 financial instruments using securities and derivative positions that are classified within levels 1 or 2 of the fair value hierarchy. The range of values presented in the table is representative of the highest and lowest level input used to value the significant groups of instruments within a product/instrument classification. Where provided, the weighted averages of the input values presented in the table are calculated based on the fair value of the instruments that the input is being used to value. In the Firm’s view, the input range, weighted and arithmetic average values do not reflect the degree of input uncertainty or an assessment of the reasonableness of the Firm’s estimates and assumptions. Rather, they reflect the characteristics of the various instruments held by the Firm and the relative distribution of instruments within the range of characteristics. For example, two option contracts may have similar levels of market risk exposure and valuation uncertainty, but may have significantly different implied volatility levels because the option contracts have different underlyings, tenors, or strike prices. The input range and weighted and arithmetic average values will therefore vary from period-to-period and parameter-to-parameter based on the characteristics of the instruments held by the Firm at each balance sheet date. Level 3 inputs (a) March 31, 2024 Product/Instrument Fair value (in millions) Principal valuation technique Unobservable inputs (g) Range of input values Average (i) Residential mortgage-backed securities and loans (b) $ 1,599 Discounted cash flows Yield 0% 68% 7% Prepayment speed 3% 12% 9% Conditional default rate 0% 6% 0% Loss severity 0% 110% 3% Commercial mortgage-backed securities and loans (c) 1,387 Market comparables Price $0 $90 $80 Corporate debt securities 570 Market comparables Price $0 $243 $100 Loans (d) 1,195 Market comparables Price $0 $111 $80 Non-U.S. government debt securities 173 Market comparables Price $2 $108 $92 Net interest rate derivatives 798 Option pricing Interest rate volatility 25bps 420bps 116bps Interest rate spread volatility 37bps 77bps 64bps Bermudan switch value 0% 52% 20% Interest rate correlation (82)% 90% 19% IR-FX correlation (35)% 60% 4% 2 Discounted cash flows Prepayment speed 0% 20% 6% Net credit derivatives 230 Discounted cash flows Credit correlation 24% 68% 46% Credit spread 0bps 2,999bps 263bps Recovery rate 10% 90% 49% 30 Market comparables Price $0 $115 $72 Net foreign exchange derivatives 83 Option pricing IR-FX correlation (40)% 60% 22% (59) Discounted cash flows Prepayment speed 11% 11% Interest rate curve 2% 17% 7% Net equity derivatives (2,781) Option pricing Forward equity price (h) 76% 152% 101% Equity volatility 4% 137% 32% Equity correlation 1% 100% 57% Equity-FX correlation (88)% 65% (31)% Equity-IR correlation (40)% 25% 3% Net commodity derivatives (503) Option pricing Oil commodity forward $91 / BBL $277 / BBL $184 / BBL Natural gas commodity forward $0 / MMBTU $9 / MMBTU $5 / MMBTU Commodity volatility 15% 24% 19% Commodity correlation (35)% 96% 31% MSRs 8,605 Discounted cash flows Refer to Note 14 Long-term debt, short-term borrowings, and deposits (e) 31,734 Option pricing Interest rate volatility 25bps 420bps 116bps Bermudan switch value 0% 52% 20% Interest rate correlation (82)% 90% 19% IR-FX correlation (35)% 60% 4% Equity volatility 1% 134% 26% Equity correlation 1% 100% 57% Equity-FX correlation (88)% 65% (31)% Equity-IR correlation (40)% 25% 3% 1,205 Discounted cash flows Credit correlation 24% 68% 46% Credit spread 1bps 2,501bps 80bps Recovery rate 20% 60% 39% Yield 5% 20% 12% Loss severity 0% 100% 50% Other level 3 assets and liabilities, net (f) 1,059 (a) The categories presented in the table have been aggregated based upon the product type, which may differ from their classification on the Consolidated balance sheets. Furthermore, the inputs presented for each valuation technique in the table are, in some cases, not applicable to every instrument valued using the technique as the characteristics of the instruments can differ. (b) Comprises U.S. GSE and government agency securities of $729 million, nonagency securities of $8 million and non-trading loans of $862 million. (c) Comprises nonagency securities of $12 million, trading loans of $65 million and non-trading loans of $1.3 billion. (d) Comprises trading loans of $466 million and non-trading loans of $729 million. (e) Long-term debt, short-term borrowings and deposits include structured notes issued by the Firm that are financial instruments that typically contain embedded derivatives. The estimation of the fair value of structured notes includes the derivative features embedded within the instrument. The significant unobservable inputs are broadly consistent with those presented for derivative receivables. (f) Includes equity securities of $783 million including $580 million in Other assets, for which quoted prices are not readily available and the fair value is generally based on internal valuation techniques such as EBITDA multiples and comparable analysis. All other level 3 assets and liabilities are insignificant both individually and in aggregate. (g) Price is a significant unobservable input for certain instruments. When quoted market prices are not readily available, reliance is generally placed on price-based internal valuation techniques. The price input is expressed assuming a par value of $100. (h) Forward equity price is expressed as a percentage of the current equity price. (i) Amounts represent weighted averages except for derivative related inputs where arithmetic averages are used.
Changes in level 3 recurring fair value measurements	The following tables include a rollforward of the Consolidated balance sheets amounts (including changes in fair value) for financial instruments classified by the Firm within level 3 of the fair value hierarchy for the three months ended March 31, 2024 and 2023. When a determination is made to classify a financial instrument within level 3, the determination is based on the significance of the unobservable inputs to the overall fair value measurement. However, level 3 financial instruments typically include, in addition to the unobservable or level 3 components, observable components (that is, components that are actively quoted and can be validated to external sources); accordingly, the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology. The Firm risk-manages the observable components of level 3 financial instruments using securities and derivative positions that are classified within level 1 or 2 of the fair value hierarchy; as these level 1 and level 2 risk management instruments are not included below, the gains or losses in the following tables do not reflect the effect of the Firm’s risk management activities related to such level 3 instruments. Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized gains/(losses) Transfers into Transfers (out of) level 3 Fair value at Change in unrealized gains/(losses) related Purchases (g) Sales Settlements (h) Assets: (a) Federal funds sold and securities purchased under resale agreements $ — $ — $ — $ — $ — $ — $ — $ — $ — Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies 758 1 1 (17) (21) 7 — 729 1 Residential – nonagency 5 (1) — — — 4 — 8 (1) Commercial – nonagency 12 (1) 1 — — — — 12 (1) Total mortgage-backed securities 775 (1) 2 (17) (21) 11 — 749 (1) Obligations of U.S. states and municipalities 10 — — — (2) — (1) 7 — Non-U.S. government debt securities 179 5 51 (67) — 7 (2) 173 (4) Corporate debt securities 484 11 214 (95) (30) 4 (18) 570 12 Loans 684 5 143 (199) (31) 62 (133) 531 5 Asset-backed securities 6 — 1 — — 7 — 14 — Total debt instruments 2,138 20 411 (378) (84) 91 (154) 2,044 12 Equity securities 127 6 81 (30) — 24 (5) 203 7 Physical commodities 7 (2) — — (3) — — 2 (2) Other 101 11 27 — (32) — — 107 4 Total trading assets – debt and equity instruments 2,373 35 (c) 519 (408) (119) 115 (159) 2,356 21 (c) Net derivative receivables: (b) Interest rate 502 (328) 53 (43) 484 129 3 800 (399) Credit 265 (25) — (15) 14 (6) 27 260 87 Foreign exchange 62 3 34 (38) (122) (53) 138 24 67 Equity (2,402) (652) 321 (608) 331 (49) 278 (2,781) (442) Commodity (279) (176) 10 (68) 7 2 1 (503) (182) Total net derivative receivables (1,852) (1,178) (c) 418 (772) 714 23 447 (2,200) (869) (c) Available-for-sale securities: Corporate debt securities — — — — — — — — — Total available-for-sale securities — — — — — — — — — Loans 3,079 37 (c) 60 (22) (392) 303 (164) 2,901 35 (c) Mortgage servicing rights 8,522 278 (e) 60 5 (260) — — 8,605 278 (e) Other assets 758 29 (c) 47 (9) (14) — — 811 28 (c) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized (gains)/losses Transfers into Transfers (out of) level 3 Fair value at Change in unrealized (gains)/losses related Purchases Sales Issuances Settlements (h) Liabilities: (a) Deposits $ 1,833 $ (29) (c)(f) $ — $ — $ 527 $ (203) $ — $ (73) $ 2,055 $ (25) (c)(f) Short-term borrowings 1,758 1 (c)(f) — — 1,645 (1,197) — (1) 2,206 8 (c)(f) Trading liabilities – debt and equity instruments 37 (3) (c) (1) 2 — — 3 (1) 37 (2) (c) Accounts payable and other liabilities 52 (4) (c) (3) 3 — — — — 48 (4) (c) Long-term debt 27,726 551 (c)(f) — — 4,503 (3,851) 17 (268) 28,678 500 (c)(f) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized gains/(losses) Transfers into Transfers (out of) level 3 Fair value at Change in unrealized gains/(losses) related Purchases (g) Sales Settlements (h) Assets: (a) Federal funds sold and securities purchased under resale agreements $ — $ — $ — $ — $ — $ — $ — $ — $ — Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies 759 7 25 (7) (24) — (3) 757 7 Residential – nonagency 5 1 — — (2) 1 — 5 1 Commercial – nonagency 7 1 — — (1) 3 — 10 1 Total mortgage-backed securities 771 9 25 (7) (27) 4 (3) 772 9 Obligations of U.S. states and municipalities 7 — — (1) — — — 6 — Non-U.S. government debt securities 155 11 50 (47) — — — 169 13 Corporate debt securities 463 24 49 (17) — 23 (4) 538 20 Loans 759 8 436 (62) (95) 23 (143) 926 8 Asset-backed securities 23 — 1 (2) (1) 1 (15) 7 — Total debt instruments 2,178 52 561 (136) (123) 51 (165) 2,418 50 Equity securities 665 (31) 58 (71) — 36 (76) 581 (2) Physical commodities 2 — — — (2) — — — — Other 64 (21) 94 — 2 1 — 140 1 Total trading assets – debt and equity instruments 2,909 — 713 (207) (123) 88 (241) 3,139 49 (c) Net derivative receivables: (b) Interest rate 701 346 35 (50) (22) (165) (91) 754 461 Credit 13 246 3 (3) 171 24 (2) 452 239 Foreign exchange 489 89 28 (41) (75) 64 (9) 545 126 Equity (384) 171 318 (687) — 111 (414) (885) 308 Commodity (146) 8 4 (67) (127) 1 40 (287) (31) Total net derivative receivables 673 860 (c) 388 (848) (53) 35 (476) 579 1,103 (c) Available-for-sale securities: Corporate debt securities 239 11 — — — — — 250 11 Total available-for-sale securities 239 11 (d) — — — — — 250 11 (d) Loans 1,418 26 (c) 148 (66) (95) 157 (109) 1,479 16 (c) Mortgage servicing rights 7,973 (11) (e) 31 2 (240) — — 7,755 (11) (e) Other assets 405 5 (c) 12 — (16) — — 406 5 (c) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized (gains)/losses Transfers into Transfers (out of) level 3 Fair value at Change in unrealized (gains)/losses related Purchases Sales Issuances Settlements (h) Liabilities: (a) Deposits $ 2,162 $ 48 (c)(f) $ — $ — $ 128 $ (67) $ — $ (63) $ 2,208 $ 48 (c)(f) Short-term borrowings 1,401 90 (c)(f) — — 1,051 (1,132) — — 1,410 20 (c)(f) Trading liabilities – debt and equity instruments 84 (12) (c) (27) 8 — — 12 (2) 63 1 (c) Accounts payable and other liabilities 53 (1) (c) — 4 — — — — 56 (1) (c) Long-term debt 24,092 1,356 (c)(f) — — 2,733 (2,975) 91 (70) 25,227 1,447 (c)(f) (a) Level 3 assets at fair value as a percentage of total Firm assets at fair value (including assets measured at fair value on a nonrecurring basis) were 2% at both March 31, 2024 and December 31, 2023. Level 3 liabilities at fair value as a percentage of total Firm liabilities at fair value (including liabilities measured at fair value on a nonrecurring basis) were 6% and 8% at March 31, 2024 and December 31, 2023, respectively. (b) All level 3 derivatives are presented on a net basis, irrespective of the underlying counterparty. (c) Predominantly reported in principal transactions revenue, except for changes in fair value for CCB mortgage loans and lending-related commitments originated with the intent to sell, and mortgage loan purchase commitments, which are reported in mortgage fees and related income. (d) Realized gains/(losses) on AFS securities are reported in investment securities gains/(losses). Unrealized gains/(losses) are reported in OCI. Realized and unrealized gains/(losses) recorded on level 3 AFS securities were not material for the three months ended March 31, 2024 and 2023. (e) Changes in fair value for MSRs are reported in mortgage fees and related income. (f) Realized (gains)/losses due to DVA for fair value option elected liabilities are reported in principal transactions revenue, and were not material for the three months ended March 31, 2024 and 2023. Unrealized (gains)/losses are reported in OCI, and were not material for the three months ended March 31, 2024 and 2023. (g) Loan originations are included in purchases. (h) Includes financial assets and liabilities that have matured, been partially or fully repaid, impacts of modifications, deconsolidations associated with beneficial interests in VIEs and other items.
Impact of credit adjustments on earnings	The following table provides the impact of credit and funding adjustments on principal transactions revenue in the respective periods, excluding the effect of any associated hedging activities. The FVA presented below includes the impact of the Firm’s own credit quality on the inception value of liabilities as well as the impact of changes in the Firm’s own credit quality over time. Three months ended March 31, (in millions) 2024 2023 Credit and funding adjustments: Derivatives CVA $ 76 $ 55 Derivatives FVA 57 (8)
Assets and liabilities measured at fair value on a nonrecurring basis	The following tables present the assets and liabilities held as of March 31, 2024 and 2023 , for which nonrecurring fair value adjustments were recorded during the three months ended March 31, 2024 and 2023 , by major product category and fair value hierarchy. Fair value hierarchy Total fair value March 31, 2024 (in millions) Level 1 Level 2 Level 3 Loans $ — $ 871 $ 468 $ 1,339 Other assets (a) — 9 213 222 Total assets measured at fair value on a nonrecurring basis $ — $ 880 $ 681 $ 1,561 Accounts payable and other liabilities — — — — Total liabilities measured at fair value on a nonrecurring basis $ — $ — $ — $ — Fair value hierarchy Total fair value March 31, 2023 (in millions) Level 1 Level 2 Level 3 Loans $ — $ 709 $ 833 $ 1,542 Other assets — 22 179 201 Total assets measured at fair value on a nonrecurring basis $ — $ 731 $ 1,012 $ 1,743 Accounts payable and other liabilities — — 3 3 Total liabilities measured at fair value on a nonrecurring basis $ — $ — $ 3 $ 3 (a) Included impairments on certain equity method investments, as well as equity securities without readily determinable fair values that were adjusted based on observable price changes in orderly transactions from an identical or similar investment of the same issuer (measurement alternative). Of the $213 million in level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2024, $191 million related to equity securities adjusted based on the measurement alternative. These equity securities are classified as level 3 due to the infrequency of the observable prices and/or the restrictions on the shares. The following table presents the total change in value of assets and liabilities for which fair value adjustments have been recognized for the three months ended March 31, 2024 and 2023 , related to assets and liabilities held at those dates. Three months ended March 31, (in millions) 2024 2023 Loans $ (60) $ (37) Other assets (a) (41) (65) Accounts payable and other liabilities — (3) Total nonrecurring fair value gains/(losses) $ (101) $ (105) (a)
Schedule of equity securities without readily determinable fair values measured under the measurement alternative and related adjustments	The following table presents the carrying value of equity securities without readily determinable fair values held as of March 31, 2024 and 2023 , that are measured under the measurement alternative and the related adjustments recorded during the periods presented for those securities with observable price changes. These securities are included in the nonrecurring fair value tables when applicable price changes are observable. Three months ended March 31, As of or for the period ended, (in millions) 2024 2023 Other assets Carrying value (a) $ 4,467 $ 3,910 Upward carrying value changes (b) 20 35 Downward carrying value changes/impairment (c) (59) (96) (a) The carrying value as of December 31, 2023 was $4.5 billion. The period-end carrying values reflect cumulative purchases and sales in addition to upward and downward carrying value changes. (b) The cumulative upward carrying value changes between January 1, 2018 and March 31, 2024 were $1.2 billion. (c) The cumulative downward carrying value changes/impairment between January 1, 2018 and March 31, 2024 were $(1.3) billion.
Carrying value and estimated fair value of financial assets and liabilities	The following table presents, by fair value hierarchy classification, the carrying values and estimated fair values at March 31, 2024 and December 31, 2023, of financial assets and liabilities, excluding financial instruments that are carried at fair value on a recurring basis, and their classification within the fair value hierarchy. March 31, 2024 December 31, 2023 Estimated fair value hierarchy Estimated fair value hierarchy (in billions) Carrying Level 1 Level 2 Level 3 Total estimated Carrying Level 1 Level 2 Level 3 Total estimated Financial assets Cash and due from banks $ 22.8 $ 22.8 $ — $ — $ 22.8 $ 29.1 $ 29.1 $ — $ — $ 29.1 Deposits with banks 539.4 538.9 0.5 — 539.4 595.1 594.6 0.5 — 595.1 Accrued interest and accounts receivable 129.4 — 129.3 0.1 129.4 107.1 — 107.0 0.1 107.1 Federal funds sold and securities purchased under resale agreements 6.1 — 6.1 — 6.1 16.3 — 16.3 — 16.3 Securities borrowed 114.1 — 114.1 — 114.1 130.3 — 130.3 — 130.3 Investment securities, held-to-maturity 334.5 130.2 175.2 — 305.4 369.8 160.6 182.2 — 342.8 Loans, net of allowance for loan losses (a) 1,248.2 — 279.6 953.0 1,232.6 1,262.5 — 285.6 964.6 1,250.2 Other 71.8 — 70.5 1.6 72.1 76.1 — 74.9 1.4 76.3 Financial liabilities Deposits $ 2,347.8 $ — $ 2,348.3 $ — $ 2,348.3 $ 2,322.3 $ — $ 2,322.6 $ — $ 2,322.6 Federal funds purchased and securities loaned or sold under repurchase agreements 61.1 — 61.1 — 61.1 47.5 — 47.5 — 47.5 Short-term borrowings 23.4 — 23.4 — 23.4 24.7 — 24.7 — 24.7 Accounts payable and other liabilities (b) 258.3 — 246.4 10.8 257.2 241.8 — 233.3 8.1 241.4 Beneficial interests issued by consolidated VIEs 28.1 — 28.1 — 28.1 23.0 — 23.0 — 23.0 Long-term debt 303.1 — 252.5 50.9 303.4 303.9 — 252.2 51.3 303.5 (a) Fair value is typically estimated using a discounted cash flow model that incorporates the characteristics of the underlying loans (including principal, contractual interest rate and contractual fees) and other key inputs, including expected lifetime credit losses, interest rates, prepayment rates, and primary origination or secondary market spreads. For certain loans, the fair value is measured based on the value of the underlying collateral. Carrying value of the loan takes into account the loan’s allowance for loan losses, which represents the loan’s expected credit losses over its remaining expected life. The difference between the estimated fair value and carrying value of a loan is generally attributable to changes in market interest rates, including credit spreads, market liquidity premiums and other factors that affect the fair value of a loan but do not affect its carrying value. (b) Excludes lending-related commitments disclosed in the table below.
The carrying value and estimated fair value of wholesale lending-related commitments	The majority of the Firm’s lending-related commitments are not carried at fair value on a recurring basis on the Consolidated balance sheets. The carrying value and the estimated fair value of these wholesale lending-related commitments were as follows for the periods indicated. March 31, 2024 December 31, 2023 Estimated fair value hierarchy Estimated fair value hierarchy (in billions) Carrying value (a)(b)(c) Level 1 Level 2 Level 3 Total estimated fair value Carrying value (a)(b)(c) Level 1 Level 2 Level 3 Total estimated fair value Wholesale lending-related commitments $ 2.8 $ — $ — $ 4.6 $ 4.6 $ 3.0 $ — $ — $ 4.8 $ 4.8 (a) Excludes the current carrying values of the guarantee liability and the offsetting asset, each of which is recognized at fair value at the inception of the guarantees. (b) Includes the wholesale allowance for lending-related commitments. (c)

Fair Value Option (Tables)

Fair Value Option (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Changes in fair value under the fair value option election	The following table presents the changes in fair value included in the Consolidated statements of income for the three months ended March 31, 2024 and 2023, for items for which the fair value option was elected. The profit and loss information presented below only includes the financial instruments that were elected to be measured at fair value; related risk management instruments, which are required to be measured at fair value, are not included in the table. Three months ended March 31, 2024 2023 (in millions) Principal transactions All other income Total changes in fair value recorded (e) Principal transactions All other income Total changes in fair value recorded (e) Federal funds sold and securities purchased under resale agreements $ 36 $ — $ 36 $ 202 $ — $ 202 Securities borrowed (1) — (1) 88 — 88 Trading assets: Debt and equity instruments, excluding loans 1,248 — 1,248 1,595 — 1,595 Loans reported as trading assets: Changes in instrument-specific credit risk 168 — 168 131 — 131 Other changes in fair value 13 — 13 3 — 3 Loans: Changes in instrument-specific credit risk 125 2 (c) 127 65 1 (c) 66 Other changes in fair value (57) 45 (c) (12) 195 110 (c) 305 Other assets 13 — 13 30 — 30 Deposits (a) (974) — (974) (473) — (473) Federal funds purchased and securities loaned or sold under repurchase agreements 5 — 5 (61) — (61) Short-term borrowings (a) (221) — (221) (159) — (159) Trading liabilities (12) — (12) (15) — (15) Beneficial interests issued by consolidated VIEs — — — — — — Other liabilities 1 — 1 — — — Long-term debt (a)(b) (934) (8) (c)(d) (942) (2,798) (26) (c)(d) (2,824) (a) Unrealized gains/(losses) due to instrument-specific credit risk (DVA) for liabilities for which the fair value option has been elected are recorded in OCI, while realized gains/(losses) are recorded in principal transactions revenue. Realized gains/(losses) due to instrument-specific credit risk recorded in principal transactions revenue were not material both for the three months ended March 31, 2024 and 2023. (b) Long-term debt measured at fair value predominantly relates to structured notes. Although the risk associated with the structured notes is actively managed, the gains/(losses) reported in this table do not include the income statement impact of the risk management instruments used to manage such risk. (c) Reported in mortgage fees and related income. (d) Reported in other income. (e) Changes in fair value exclude contractual interest, which is included in interest income and interest expense for all instruments other than certain hybrid financial instruments in CIB. Refer to Note 6 for further information regarding interest income and interest expense.
Difference between aggregate fair value and aggregate remaining contractual principal balance outstanding	The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of March 31, 2024 and December 31, 2023, for loans, long-term debt and long-term beneficial interests for which the fair value option has been elected. March 31, 2024 December 31, 2023 (in millions) Contractual principal outstanding Fair value Fair value over/(under) contractual principal outstanding Contractual principal outstanding Fair value Fair value over/(under) contractual principal outstanding Loans Nonaccrual loans Loans reported as trading assets $ 2,684 $ 447 $ (2,237) $ 2,987 $ 588 $ (2,399) Loans 1,111 940 (171) 838 732 (106) Subtotal 3,795 1,387 (2,408) 3,825 1,320 (2,505) 90 or more days past due and government guaranteed Loans (a) 55 50 (5) 65 59 (6) All other performing loans (b) Loans reported as trading assets 10,284 8,880 (1,404) 9,547 7,968 (1,579) Loans 39,598 38,056 (1,542) 38,948 38,060 (888) Subtotal 49,882 46,936 (2,946) 48,495 46,028 (2,467) Total loans $ 53,732 $ 48,373 $ (5,359) $ 52,385 $ 47,407 $ (4,978) Long-term debt Principal-protected debt $ 52,199 (d) $ 43,532 $ (8,667) $ 47,768 (d) $ 38,882 $ (8,886) Nonprincipal-protected debt (c) NA 49,198 NA NA 49,042 NA Total long-term debt NA $ 92,730 NA NA $ 87,924 NA Long-term beneficial interests Nonprincipal-protected debt (c) NA $ 1 NA NA $ 1 NA Total long-term beneficial interests NA $ 1 NA NA $ 1 NA (a) These balances are excluded from nonaccrual loans as the loans are insured and/or guaranteed by U.S. government agencies. (b) There were no performing loans that were ninety days or more past due as of March 31, 2024 and December 31, 2023. (c) Remaining contractual principal is not applicable to nonprincipal-protected structured notes and long-term beneficial interests. Unlike principal-protected structured notes and long-term beneficial interests, for which the Firm is obligated to return a stated amount of principal at maturity, nonprincipal-protected structured notes and long-term beneficial interests do not obligate the Firm to return a stated amount of principal at maturity, but for structured notes to return an amount based on the performance of an underlying variable or derivative feature embedded in the note. However, investors are exposed to the credit risk of the Firm as issuer for both nonprincipal-protected and principal-protected notes. (d) Where the Firm issues principal-protected zero-coupon or discount notes, the balance reflects the contractual principal payment at maturity or, if applicable, the contractual principal payment at the Firm’s next call date.
Fair value option, structured notes by balance sheet classification and primary embedded derivative risk	The following table presents the fair value of structured notes, by balance sheet classification and the primary risk type. March 31, 2024 December 31, 2023 (in millions) Long-term debt Short-term borrowings Deposits Total Long-term debt Short-term borrowings Deposits Total Risk exposure Interest rate $ 42,338 $ 553 $ 77,235 $ 120,126 $ 38,604 $ 654 $ 74,526 $ 113,784 Credit 4,939 970 — 5,909 5,444 350 — 5,794 Foreign exchange 2,492 1,449 214 4,155 2,605 941 187 3,733 Equity 40,482 5,696 2,755 48,933 38,685 5,483 2,905 47,073 Commodity 1,818 457 1 (a) 2,276 1,862 11 1 (a) 1,874 Total structured notes $ 92,069 $ 9,125 $ 80,205 $ 181,399 $ 87,200 $ 7,439 $ 77,619 $ 172,258 (a) Excludes deposits linked to precious metals for which the fair value option has not been elected of $636 million and $627 million for the periods ended March 31, 2024 and December 31, 2023, respectively.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of uses and disclosure of derivatives	The following table outlines the Firm’s primary uses of derivatives and the related hedge accounting designation or disclosure category. Type of Derivative Use of Derivative Designation and disclosure Affected 10-Q page reference Manage specifically identified risk exposures in qualifying hedge accounting relationships: • Interest rate Hedge fixed rate assets and liabilities Fair value hedge Corporate 111-112 • Interest rate Hedge floating-rate assets and liabilities Cash flow hedge Corporate 113 • Foreign exchange Hedge foreign currency-denominated assets and liabilities Fair value hedge Corporate 111-112 • Foreign exchange Hedge foreign currency-denominated forecasted revenue and expense Cash flow hedge Corporate 113 • Foreign exchange Hedge the value of the Firm’s investments in non-U.S. dollar functional currency entities Net investment hedge Corporate 113 • Commodity Hedge commodity inventory Fair value hedge CIB, AWM 111-112 Manage specifically identified risk exposures not designated in qualifying hedge accounting relationships: • Interest rate Manage the risk associated with mortgage commitments, warehouse loans and MSRs Specified risk management CCB 114 • Credit Manage the credit risk associated with wholesale lending exposures Specified risk management CIB, AWM 114 • Interest rate and foreign exchange Manage the risk associated with certain other specified assets and liabilities Specified risk management Corporate, CIB 114 Market-making derivatives and other activities: • Various Market-making and related risk management Market-making and other CIB 114 • Various Other derivatives Market-making and other CIB, AWM, Corporate 114
Notional amount of derivative contracts	The following table summarizes the notional amount of free-standing derivative contracts outstanding as of March 31, 2024 and December 31, 2023. Notional amounts (b) (in billions) March 31, 2024 December 31, 2023 Interest rate contracts Swaps $ 25,005 $ 23,251 Futures and forwards 3,701 2,690 Written options 3,282 3,370 Purchased options 3,250 3,362 Total interest rate contracts 35,238 32,673 Credit derivatives (a) 1,216 1,045 Foreign exchange contracts Cross-currency swaps 4,681 4,721 Spot, futures and forwards 8,466 6,957 Written options 871 830 Purchased options 848 798 Total foreign exchange contracts 14,866 13,306 Equity contracts Swaps 769 639 Futures and forwards 192 157 Written options 911 778 Purchased options 817 698 Total equity contracts 2,689 2,272 Commodity contracts Swaps 120 115 Spot, futures and forwards 175 157 Written options 142 130 Purchased options 125 115 Total commodity contracts 562 517 Total derivative notional amounts $ 54,571 $ 49,813 (a) Refer to the Credit derivatives discussion on page 115 for more information on volumes and types of credit derivative contracts. (b) Represents the sum of gross long and gross short third-party notional derivative contracts.
Impact of derivatives on the Consolidated Balance Sheets	The following table summarizes information on derivative receivables and payables (before and after netting adjustments) that are reflected on the Firm’s Consolidated balance sheets as of March 31, 2024 and December 31, 2023, by accounting designation (e.g., whether the derivatives were designated in qualifying hedge accounting relationships or not) and contract type. Free-standing derivative receivables and payables (a) Gross derivative receivables Gross derivative payables March 31, 2024 Not designated as hedges Designated as hedges Total derivative receivables Net derivative receivables (b) Not designated as hedges Designated Total derivative payables Net derivative payables (b) Trading assets and liabilities Interest rate $ 238,001 $ 1 $ 238,002 $ 25,528 $ 226,684 $ — $ 226,684 $ 12,006 Credit 10,730 — 10,730 731 12,740 — 12,740 1,150 Foreign exchange 183,020 848 183,868 18,088 180,484 619 181,103 10,007 Equity 83,504 — 83,504 7,045 90,677 — 90,677 6,567 Commodity 17,754 40 17,794 5,229 18,852 27 18,879 6,273 Total fair value of trading assets and liabilities $ 533,009 $ 889 $ 533,898 $ 56,621 $ 529,437 $ 646 $ 530,083 $ 36,003 Gross derivative receivables Gross derivative payables December 31, 2023 Not designated as hedges Designated as hedges Total derivative receivables Net derivative receivables (b) Not designated as hedges Designated Total derivative payables Net derivative payables (b) Trading assets and liabilities Interest rate $ 250,689 $ 2 $ 250,691 $ 26,324 $ 240,482 $ — $ 240,482 $ 11,896 Credit 9,654 — 9,654 551 12,038 — 12,038 1,089 Foreign exchange 205,010 765 205,775 18,019 210,623 1,640 212,263 12,620 Equity 57,689 — 57,689 4,928 65,811 — 65,811 9,368 Commodity 15,228 211 15,439 5,042 16,286 92 16,378 5,874 Total fair value of trading assets and liabilities $ 538,270 $ 978 $ 539,248 $ 54,864 $ 545,240 $ 1,732 $ 546,972 $ 40,847 (a) Balances exclude structured notes for which the fair value option has been elected. Refer to Note 3 for further information. (b) As permitted under U.S. GAAP, the Firm has elected to net derivative receivables and derivative payables and the related cash collateral receivables and payables when a legally enforceable master netting agreement exists.
Offsetting assets	The following tables present, as of March 31, 2024 and December 31, 2023, gross and net derivative receivables and payables by contract and settlement type. Derivative receivables and payables, as well as the related cash collateral from the same counterparty, have been netted on the Consolidated balance sheets where the Firm has obtained an appropriate legal opinion with respect to the master netting agreement. Where such a legal opinion has not been either sought or obtained, amounts are not eligible for netting on the Consolidated balance sheets, and those derivative receivables and payables are shown separately in the tables below. In addition to the cash collateral received and transferred that is presented on a net basis with derivative receivables and payables, the Firm receives and transfers additional collateral (financial instruments and cash). These amounts mitigate counterparty credit risk associated with the Firm’s derivative instruments, but are not eligible for net presentation: • collateral that consists of liquid securities and other cash collateral held at third-party custodians, which are shown separately as “Collateral not nettable on the Consolidated balance sheets” in the tables below, up to the fair value exposure amount. For the purpose of this disclosure, the definition of liquid securities is consistent with the definition of high quality liquid assets as defined in the LCR rule; • the amount of collateral held or transferred that exceeds the fair value exposure at the individual counterparty level, as of the date presented, which is excluded from the tables below; and • collateral held or transferred that relates to derivative receivables or payables where an appropriate legal opinion has not been either sought or obtained with respect to the master netting agreement, which is excluded from the tables below. March 31, 2024 December 31, 2023 (in millions) Gross derivative receivables Amounts netted on the Consolidated balance sheets Net derivative receivables Gross derivative receivables Amounts netted on the Consolidated balance sheets Net U.S. GAAP nettable derivative receivables Interest rate contracts: Over-the-counter (“OTC”) $ 170,338 $ (146,870) $ 23,468 $ 176,901 $ (152,703) $ 24,198 OTC–cleared 65,545 (65,298) 247 71,419 (71,275) 144 Exchange-traded (a) 323 (306) 17 402 (389) 13 Total interest rate contracts 236,206 (212,474) 23,732 248,722 (224,367) 24,355 Credit contracts: OTC 8,186 (7,656) 530 7,637 (7,226) 411 OTC–cleared 2,405 (2,343) 62 1,904 (1,877) 27 Total credit contracts 10,591 (9,999) 592 9,541 (9,103) 438 Foreign exchange contracts: OTC 181,432 (165,261) 16,171 203,624 (187,295) 16,329 OTC–cleared 519 (519) — 469 (459) 10 Exchange-traded (a) 2 — 2 6 (2) 4 Total foreign exchange contracts 181,953 (165,780) 16,173 204,099 (187,756) 16,343 Equity contracts: OTC 31,191 (29,234) 1,957 25,001 (23,677) 1,324 Exchange-traded (a) 50,237 (47,225) 3,012 30,462 (29,084) 1,378 Total equity contracts 81,428 (76,459) 4,969 55,463 (52,761) 2,702 Commodity contracts: OTC 11,017 (7,641) 3,376 8,049 (5,084) 2,965 OTC–cleared 150 (117) 33 133 (123) 10 Exchange-traded (a) 4,953 (4,807) 146 5,214 (5,190) 24 Total commodity contracts 16,120 (12,565) 3,555 13,396 (10,397) 2,999 Derivative receivables with appropriate legal opinion 526,298 (477,277) 49,021 (d) 531,221 (484,384) 46,837 (d) Derivative receivables where an appropriate legal opinion has not been either sought or obtained 7,600 7,600 8,027 8,027 Total derivative receivables recognized on the Consolidated balance sheets $ 533,898 $ 56,621 $ 539,248 $ 54,864 Collateral not nettable on the Consolidated balance sheets (b)(c) (23,012) (22,461) Net amounts $ 33,609 $ 32,403
Offsetting liabilities	March 31, 2024 December 31, 2023 (in millions) Gross derivative payables Amounts netted on the Consolidated balance sheets Net derivative payables Gross derivative payables Amounts netted on the Consolidated balance sheets Net U.S. GAAP nettable derivative payables Interest rate contracts: OTC $ 154,378 $ (144,659) $ 9,719 $ 161,901 $ (152,467) $ 9,434 OTC–cleared 70,016 (69,713) 303 76,007 (75,729) 278 Exchange-traded (a) 421 (306) 115 436 (390) 46 Total interest rate contracts 224,815 (214,678) 10,137 238,344 (228,586) 9,758 Credit contracts: OTC 10,597 (9,581) 1,016 10,332 (9,313) 1,019 OTC–cleared 2,028 (2,009) 19 1,639 (1,636) 3 Total credit contracts 12,625 (11,590) 1,035 11,971 (10,949) 1,022 Foreign exchange contracts: OTC 179,286 (170,556) 8,730 209,386 (199,173) 10,213 OTC–cleared 585 (540) 45 552 (470) 82 Exchange-traded (a) 9 — 9 6 — 6 Total foreign exchange contracts 179,880 (171,096) 8,784 209,944 (199,643) 10,301 Equity contracts: OTC 40,599 (36,886) 3,713 29,999 (27,360) 2,639 Exchange-traded (a) 48,014 (47,224) 790 33,137 (29,083) 4,054 Total equity contracts 88,613 (84,110) 4,503 63,136 (56,443) 6,693 Commodity contracts: OTC 11,137 (7,682) 3,455 8,788 (5,192) 3,596 OTC–cleared 117 (117) — 120 (120) — Exchange-traded (a) 5,005 (4,807) 198 5,376 (5,192) 184 Total commodity contracts 16,259 (12,606) 3,653 14,284 (10,504) 3,780 Derivative payables with appropriate legal opinion 522,192 (494,080) 28,112 (d) 537,679 (506,125) 31,554 (d) Derivative payables where an appropriate legal opinion has not been either sought or obtained 7,891 7,891 9,293 9,293 Total derivative payables recognized on the Consolidated balance sheets $ 530,083 $ 36,003 $ 546,972 $ 40,847 Collateral not nettable on the Consolidated balance sheets (b)(c) (5,095) (4,547) Net amounts $ 30,908 $ 36,300 (a) Exchange-traded derivative balances that relate to futures contracts are settled daily. (b) Includes liquid securities and other cash collateral held at third-party custodians related to derivative instruments where an appropriate legal opinion has been obtained. For some counterparties, the collateral amounts of financial instruments may exceed the derivative receivables and derivative payables balances. Where this is the case, the total amount reported is limited to the net derivative receivables and net derivative payables balances with that counterparty. (c) Derivative collateral relates only to OTC and OTC-cleared derivative instruments. (d) Net derivatives receivable included cash collateral netted of $47.6 billion and $48.3 billion at March 31, 2024 and December 31, 2023, respectively. Net derivatives payable included cash collateral netted of $64.4 billion and $70.0 billion at March 31, 2024 and December 31, 2023, respectively. Derivative cash collateral relates to OTC and OTC-cleared derivative instruments.
Current credit risk of derivative receivables and liquidity risk of derivative payables	The following table shows the aggregate fair value of net derivative payables related to OTC and OTC-cleared derivatives that contain contingent collateral or termination features that may be triggered upon a ratings downgrade, and the associated collateral the Firm has posted in the normal course of business, at March 31, 2024 and December 31, 2023. OTC and OTC-cleared derivative payables containing downgrade triggers (in millions) March 31, 2024 December 31, 2023 Aggregate fair value of net derivative payables $ 14,611 $ 14,655 Collateral posted 14,804 14,673 The following table shows the impact of a single-notch and two-notch downgrade of the long-term issuer ratings of JPMorgan Chase & Co. and its subsidiaries, predominantly JPMorgan Chase Bank, N.A., at March 31, 2024 and December 31, 2023, related to OTC and OTC-cleared derivative contracts with contingent collateral or termination features that may be triggered upon a ratings downgrade. Derivatives contracts generally require additional collateral to be posted or terminations to be triggered when the predefined rating threshold is breached. A downgrade by a single rating agency that does not result in a rating lower than a preexisting corresponding rating provided by another major rating agency will generally not result in additional collateral (except in certain instances in which additional initial margin may be required upon a ratings downgrade), nor in termination payment requirements. The liquidity impact in the table is calculated based upon a downgrade below the lowest current rating of the rating agencies referred to in the derivative contract. Liquidity impact of downgrade triggers on OTC and OTC-cleared derivatives March 31, 2024 December 31, 2023 (in millions) Single-notch downgrade Two-notch downgrade Single-notch downgrade Two-notch downgrade Amount of additional collateral to be posted upon downgrade (a) $ 106 $ 1,209 $ 75 $ 1,153 Amount required to settle contracts with termination triggers upon downgrade (b) 91 397 93 592 (a) Includes the additional collateral to be posted for initial margin. (b) Amounts represent fair values of derivative payables, and do not reflect collateral posted.
Fair value hedge gains and losses	The following tables present derivative instruments, by contract type, used in fair value hedge accounting relationships, as well as pre-tax gains/(losses) recorded on such derivatives and the related hedged items for the three months ended March 31, 2024 and 2023, respectively. The Firm includes gains/(losses) on the hedging derivative in the same line item in the Consolidated statements of income as the related hedged item. Gains/(losses) recorded in income Income statement impact of (e) OCI impact Three months ended March 31, 2024 Derivatives Hedged items Income statement impact Amortization approach Changes in fair value Derivatives - Gains/(losses) recorded in OCI (f) Contract type Interest rate (a)(b) $ 318 $ (220) $ 98 $ — $ 112 $ — Foreign exchange (c) (139) 189 50 (116) 50 (27) Commodity (d) 261 (235) 26 — 24 — Total $ 440 $ (266) $ 174 $ (116) $ 186 $ (27) Gains/(losses) recorded in income Income statement impact of excluded components (e) OCI impact Three months ended March 31, 2023 Derivatives Hedged items Income statement impact Amortization approach Changes in fair value Derivatives - Gains/(losses) recorded in OCI (f) Contract type Interest rate (a)(b) $ 1,171 $ (1,103) $ 68 $ — $ 9 $ — Foreign exchange (c) 158 (94) 64 (172) 64 (28) Commodity (d) (1,540) 1,625 85 — 84 — Total $ (211) $ 428 $ 217 $ (172) $ 157 $ (28) (a) Primarily consists of hedges of the benchmark (e.g., Secured Overnight Financing Rate (“SOFR”)) interest rate risk of fixed-rate long-term debt and AFS securities. Gains and losses were recorded in net interest income. (b) Includes the amortization of income/expense associated with the inception hedge accounting adjustment applied to the hedged item. Excludes the accrual of interest on interest rate swaps and the related hedged items. (c) Primarily consists of hedges of the foreign currency risk of long-term debt and AFS securities for changes in spot foreign currency rates. Gains and losses related to the derivatives and the hedged items due to changes in foreign currency rates and the income statement impact of excluded components were recorded primarily in principal transactions revenue and net interest income. (d) Consists of overall fair value hedges of physical commodities inventories that are generally carried at the lower of cost or net realizable value (net realizable value approximates fair value). Gains and losses were recorded in principal transactions revenue. (e) The assessment of hedge effectiveness excludes certain components of the changes in fair values of the derivatives and hedged items such as forward points on foreign exchange forward contracts, time values and cross-currency basis spreads. Excluded components may impact earnings either through amortization of the initial amount over the life of the derivative, or through fair value changes recognized in the current period. (f) Represents the change in value of amounts excluded from the assessment of effectiveness under the amortization approach, predominantly cross-currency basis spreads. The amount excluded at inception of the hedge is recognized in earnings over the life of the derivative.
Schedule of amounts recorded on Consolidated Balance Sheets related to certain cumulative fair value hedge basis adjustments	As of March 31, 2024 and December 31, 2023, the following amounts were recorded on the Consolidated balance sheets related to certain cumulative fair value hedge basis adjustments that are expected to reverse through the income statement in future periods as an adjustment to yield. Carrying amount of the hedged items (a)(b) Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items: March 31, 2024 Active hedging relationships (d) Discontinued hedging relationships (d)(e) Total Assets Investment securities - AFS $ 140,677 (c) $ (1,704) $ (1,992) $ (3,696) Liabilities Long-term debt 196,497 (4,124) (9,427) (13,551) Beneficial interests issued by consolidated VIEs 2,325 (23) — (23) Carrying amount of the hedged items (a)(b) Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items: December 31, 2023 Active hedging relationships (d) Discontinued hedging relationships (d)(e) Total Assets Investment securities - AFS $ 151,752 (c) $ 549 $ (2,010) $ (1,461) Liabilities Long-term debt 195,455 (2,042) (9,727) (11,769) Beneficial interests issued by consolidated VIEs — — — — (a) Excludes physical commodities with a carrying value of $2.6 billion and $5.6 billion at March 31, 2024 and December 31, 2023, respectively, to which the Firm applies fair value hedge accounting. As a result of the application of hedge accounting, these inventories are carried at fair value, thus recognizing unrealized gains and losses in current periods. Since the Firm exits these positions at fair value, there is no incremental impact to net income in future periods. (b) Excludes hedged items where only foreign currency risk is the designated hedged risk, as basis adjustments related to foreign currency hedges will not reverse through the income statement in future periods. At March 31, 2024 and December 31, 2023, the carrying amount excluded for AFS securities is $15.9 billion and $19.3 billion, respectively. For both periods, the carrying amount excluded for long-term debt is zero. (c) Carrying amount represents the amortized cost, net of allowance if applicable. At March 31, 2024 and December 31, 2023, the amortized cost of the portfolio layer method closed portfolios was $69.3 billion and $83.9 billion, of which $59.0 billion and $68.0 billion was designated as hedged, respectively. The amount designated as hedged is the sum of the notional amounts of all outstanding layers in each portfolio, which includes both spot starting and forward starting layers. At March 31, 2024 and December 31, 2023, the cumulative amount of basis adjustments was $(1.5) billion and $(165) million, which is comprised of $(1.2) billion and $73 million for active hedging relationships, and $(304) million and $(238) million for discontinued hedging relationships, respectively. Refer to Note 9 for additional information. (d) Positive (negative) amounts related to assets represent cumulative fair value hedge basis adjustments that will reduce (increase) net interest income in future periods. Positive (negative) amounts related to liabilities represent cumulative fair value hedge basis adjustments that will increase (reduce) net interest income in future periods. (e) Represents basis adjustments existing on the balance sheet date associated with hedged items that have been de-designated from qualifying fair value hedging relationships.
Cash flow hedge gains and losses	The following tables present derivative instruments, by contract type, used in cash flow hedge accounting relationships, and the pre-tax gains/(losses) recorded on such derivatives, for the three months ended March 31, 2024 and 2023, respectively. The Firm includes the gains/(losses) on the hedging derivative in the same line item in the Consolidated statements of income as the change in cash flows on the related hedged item. Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) Three months ended March 31, 2024 Amounts reclassified Amounts recorded Total change Contract type Interest rate (a) $ (620) $ (1,725) $ (1,105) Foreign exchange (b) 31 (37) (68) Total $ (589) $ (1,762) $ (1,173) Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) Three months ended March 31, 2023 Amounts reclassified Amounts recorded Total change in OCI for period Contract type Interest rate (a) $ (427) $ 461 $ 888 Foreign exchange (b) (56) 106 162 Total $ (483) $ 567 $ 1,050 (a) Primarily consists of hedges of SOFR-indexed floating-rate assets. Gains and losses were recorded in net interest income. (b)
Net investment hedge gains and losses	The following table presents hedging instruments, by contract type, that were used in net investment hedge accounting relationships, and the pre-tax gains/(losses) recorded on such instruments for the three months ended March 31, 2024 and 2023. Gains/(losses) recorded in income and other comprehensive income/(loss) 2024 2023 Three months ended March 31, Amounts recorded in income (a)(b) Amounts recorded in OCI Amounts recorded in income (a)(b) Amounts recorded in OCI Foreign exchange derivatives $ 89 $ 1,442 $ 84 $ (1,004) (a) Certain components of hedging derivatives are permitted to be excluded from the assessment of hedge effectiveness, such as forward points on foreign exchange forward contracts. The Firm elects to record changes in fair value of these amounts directly in other income. (b) Excludes amounts reclassified from AOCI to income on the sale or liquidation of hedged entities. There were no sales or liquidations of legal entities that resulted in reclassifications for the three month period ended March 31, 2024. During the three months ended March 31, 2023, the Firm reclassified a pre-tax loss of $(41) million to other revenue related to the acquisition of CIFM. Refer to Note 19 for further information.
Risk management derivatives gains and losses (not designated as hedging instruments)	The following table presents pre-tax gains/(losses) recorded on a limited number of derivatives, not designated in hedge accounting relationships, that are used to manage risks associated with certain specified assets and liabilities, including certain risks arising from mortgage commitments, warehouse loans, MSRs, wholesale lending exposures, and foreign currency-denominated assets and liabilities. Derivatives gains/(losses) Three months ended March 31, (in millions) 2024 2023 Contract type Interest rate (a) $ (223) $ (14) Credit (b) (258) (96) Foreign exchange (c) 7 2 Total $ (474) $ (108) (a) Primarily represents interest rate derivatives used to hedge the interest rate risk inherent in mortgage commitments, warehouse loans and MSRs, as well as written commitments to originate warehouse loans. Gains and losses were recorded predominantly in mortgage fees and related income. (b) Relates to credit derivatives used to mitigate credit risk associated with lending exposures in the Firm’s wholesale businesses. These derivatives do not include credit derivatives used to mitigate counterparty credit risk arising from derivative receivables, which is included in gains and losses on derivatives related to market-making activities and other derivatives. Gains and losses were recorded in principal transactions revenue. (c) Primarily relates to derivatives used to mitigate foreign exchange risk of specified foreign currency-denominated assets and liabilities. Gains and losses were recorded in principal transactions revenue.
Credit derivatives table	Refer to Note 5 of JPMorgan Chase’s 2023 Form 10-K for a more detailed discussion of credit derivatives. The following tables present a summary of the notional amounts of credit derivatives and credit-related notes the Firm sold and purchased as of March 31, 2024 and December 31, 2023. The Firm does not use notional amounts of credit derivatives as the primary measure of risk management for such derivatives, because the notional amount does not take into account the probability of the occurrence of a credit event, the recovery value of the reference obligation, or related cash instruments and economic hedges, each of which reduces, in the Firm’s view, the risks associated with such derivatives. Total credit derivatives and credit-related notes Maximum payout/Notional amount March 31, 2024 (in millions) Protection sold Protection purchased with identical underlyings (c) Net protection (sold)/purchased (d) Other protection purchased (e) Credit derivatives Credit default swaps $ (504,864) $ 529,505 $ 24,641 $ 7,556 Other credit derivatives (a) (68,859) 91,669 22,810 13,874 Total credit derivatives (573,723) 621,174 47,451 21,430 Credit-related notes (b) — — — 9,887 Total $ (573,723) $ 621,174 $ 47,451 $ 31,317 Maximum payout/Notional amount December 31, 2023 (in millions) Protection sold Protection purchased with identical underlyings (c) Net protection (sold)/purchased (d) Other protection purchased (e) Credit derivatives Credit default swaps $ (450,172) $ 473,823 $ 23,651 $ 7,517 Other credit derivatives (a) (38,846) 45,416 6,570 29,206 Total credit derivatives (489,018) 519,239 30,221 36,723 Credit-related notes (b) — — — 9,788 Total $ (489,018) $ 519,239 $ 30,221 $ 46,511 (a) Other credit derivatives predominantly consist of credit swap options and total return swaps. (b) Predominantly represents Other protection purchased by CIB. (c) Represents the total notional amount of protection purchased where the underlying reference instrument is identical to the reference instrument on protection sold; the notional amount of protection purchased for each individual identical underlying reference instrument may be greater or lower than the notional amount of protection sold. (d) Does not take into account the fair value of the reference obligation at the time of settlement, which would generally reduce the amount the seller of protection pays to the buyer of protection in determining settlement value. (e) Represents protection purchased by the Firm on referenced instruments (single-name, portfolio or index) where the Firm has not sold any protection on the identical reference instrument. Also includes credit protection against certain loans and lending-related commitments in the retained lending portfolio through the issuance of credit derivatives and credit-related notes.
Protection sold - credit derivatives ratings/maturity profile	The following tables summarize the notional amounts by the ratings, maturity profile, and total fair value, of credit derivatives as of March 31, 2024 and December 31, 2023, where JPMorgan Chase is the seller of protection. The maturity profile is based on the remaining contractual maturity of the credit derivative contracts. The ratings profile is based on the rating of the reference entity on which the credit derivative contract is based. The ratings and maturity profile of credit derivatives where JPMorgan Chase is the purchaser of protection are comparable to the profile reflected below. Protection sold — credit derivatives ratings (a) /maturity profile March 31, 2024 <1 year 1–5 years >5 years Total Fair value of receivables (b) Fair value of payables (b) Net fair value Risk rating of reference entity Investment-grade $ (116,655) $ (261,889) $ (69,109) $ (447,653) $ 4,436 $ (1,140) $ 3,296 Noninvestment-grade (33,353) (74,872) (17,845) (126,070) 2,419 (1,700) 719 Total $ (150,008) $ (336,761) $ (86,954) $ (573,723) $ 6,855 $ (2,840) $ 4,015 December 31, 2023 <1 year 1–5 years >5 years Total Fair value of receivables (b) Fair value of payables (b) Net fair value Risk rating of reference entity Investment-grade $ (89,981) $ (263,834) $ (29,470) $ (383,285) $ 3,659 $ (1,144) $ 2,515 Noninvestment-grade (31,419) (69,515) (4,799) (105,733) 2,466 (1,583) 883 Total $ (121,400) $ (333,349) $ (34,269) $ (489,018) $ 6,125 $ (2,727) $ 3,398 (a) The ratings scale is primarily based on external credit ratings defined by S&P and Moody’s. (b) Amounts are shown on a gross basis, before the benefit of legally enforceable master netting agreements including cash collateral netting.

Noninterest Revenue and Nonin_2

Noninterest Revenue and Noninterest Expense (Tables)	3 Months Ended
	Mar. 31, 2024
Noninterest Income (Expense) [Abstract]
Components of investment banking fees	The following table presents the components of investment banking fees. Three months ended March 31, (in millions) 2024 2023 Underwriting Equity $ 354 $ 233 Debt 1,003 672 Total underwriting 1,357 905 Advisory 597 744 Total investment banking fees $ 1,954 $ 1,649
Principal transactions revenue	The following table presents all realized and unrealized gains and losses recorded in principal transactions revenue. This table excludes interest income and interest expense on trading assets and liabilities, which are an integral part of the overall performance of the Firm’s client-driven market-making activities in CIB and fund deployment activities in Treasury and CIO. Refer to Note 6 for further information on interest income and interest expense. Trading revenue is presented primarily by instrument type. The Firm’s client-driven market-making businesses generally utilize a variety of instrument types in connection with their market-making and related risk-management activities; accordingly, the trading revenue presented in the table below is not representative of the total revenue of any individual LOB. Three months ended March 31, (in millions) 2024 2023 Trading revenue by instrument type Interest rate (a) $ 1,071 $ 1,786 Credit (b) 691 634 Foreign exchange 1,536 1,551 Equity 3,277 2,693 Commodity 200 926 Total trading revenue 6,775 7,590 Private equity gains 15 25 Principal transactions $ 6,790 $ 7,615 (a) Includes the impact of changes in funding valuation adjustments on derivatives. (b) Includes the impact of changes in credit valuation adjustments on derivatives, net of the associated hedging activities.
Components of lending and deposit-related fees	The following table presents the components of lending- and deposit-related fees. Three months ended March 31, (in millions) 2024 2023 Lending-related fees $ 603 (a) $ 369 Deposit-related fees 1,299 1,251 Total lending- and deposit-related fees $ 1,902 $ 1,620 (a) Includes the amortization of the fair value discount on certain acquired lending-related commitments associated with First Republic, predominantly in AWM and CB. The discount is deferred in other liabilities and recognized on a straight-line basis over the commitment period. Refer to Note 26 for additional information.
Components of asset management fees	The following table presents the components of asset management fees. Three months ended March 31, (in millions) 2024 2023 Asset management fees Investment management fees $ 4,059 (a) $ 3,390 All other asset management fees 87 75 Total asset management fees $ 4,146 $ 3,465 (a) Includes the impact of First Republic. Refer to Note 26 for additional information.
Components of commissions and other fees	The following table presents the components of commissions and other fees. Three months ended March 31, (in millions) 2024 2023 Commissions and other fees Brokerage commissions $ 763 $ 747 Administration fees 606 557 All other commissions and fees (a) 436 391 Total commissions and other fees $ 1,805 $ 1,695 (a) Includes travel-related and annuity sales commissions, depositary receipt-related service fees, as well as other service fees, which are recognized as revenue when the services are rendered.
Schedule of components of card income	The following table presents the components of card income. Three months ended March 31, (in millions) 2024 2023 Interchange and merchant processing income $ 7,831 $ 7,139 Rewards costs and partner payments (6,171) (5,509) Other card income (a) (442) (396) Total card income $ 1,218 $ 1,234 (a) Predominantly represents the amortization of account origination costs and annual fees, which are deferred and recognized on a straight-line basis over a 12-month period.
Components of other income	The following table presents certain components of other income. Three months ended March 31, 2024 2023 Operating lease income $ 672 $ 755 Losses on tax-oriented investments (14) (412) Gain related to the acquisition of CIFM — 339 (a) (a) Gain on the original minority interest in CIFM upon the Firm's acquisition of the remaining 51% of the entity.
Components of noninterest expense	Other expense on the Firm’s Consolidated statements of income includes the following: Three months ended March 31, (in millions) 2024 2023 Legal expense $ (72) $ 176 FDIC-related expense 973 (a) 317 First Republic-related expense 230 (b) — (a) Included the increase of $725 million to the special assessment instituted by the FDIC reflecting its revised estimated losses to the Deposit Insurance Fund for the three months ended March 31, 2024, which was an adjustment to the $2.9 billion estimate recorded in the three months ended December 31, 2023. (b) Included $155 million restructuring and integration costs associated with First Republic in the three months ended March 31, 2024. Refer to Note 26 for additional information on the First Republic acquisition.

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2024
Interest Income (Expense), Net [Abstract]
Details of interest income and interest expense	The following table presents the components of interest income and interest expense. Three months ended March 31, (in millions) 2024 2023 Interest income Loans (a) $ 22,874 $ 17,708 Taxable securities 4,871 3,967 Non-taxable securities (b) 323 248 Total investment securities (a) 5,194 4,215 Trading assets - debt instruments 4,592 3,646 Federal funds sold and securities purchased under resale agreements 4,215 3,131 Securities borrowed 2,166 1,716 Deposits with banks 6,386 4,819 All other interest-earning assets (c) 2,011 1,769 Total interest income $ 47,438 $ 37,004 Interest expense Interest-bearing deposits $ 12,234 $ 7,637 Federal funds purchased and securities loaned or sold under repurchase agreements 3,969 2,804 Short-term borrowings 535 421 Trading liabilities – debt and all other interest-bearing liabilities (d) 2,636 1,971 Long-term debt 4,618 3,313 Beneficial interest issued by consolidated VIEs 364 147 Total interest expense $ 24,356 $ 16,293 Net interest income $ 23,082 $ 20,711 Provision for credit losses 1,884 2,275 Net interest income after provision for credit losses $ 21,198 $ 18,436 (a) Includes the amortization and accretion of purchase premiums and discounts, as well as net deferred fees and costs on loans. (b) Represents securities which are tax-exempt for U.S. federal income tax purposes. (c) Includes interest earned on brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets which are classified in other assets on the Consolidated balance sheets. (d) All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.

Pension and Other Postretirem_2

Pension and Other Postretirement Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Components of net periodic benefit costs reported in the Consolidated Statements of Income	The following table presents the net periodic benefit costs reported in the Consolidated statements of income for the Firm’s defined benefit pension, defined contribution and OPEB plans. (in millions) Three months ended March 31, 2024 2023 Pension and OPEB plans Total net periodic defined benefit plan cost/(credit) $ (113) $ (94) Total defined contribution plans 388 365 Total pension and OPEB cost included in noninterest expense $ 275 $ 271

Employee Share-based Incentiv_2

Employee Share-based Incentives (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Noncash compensation expense related to employee stock-based incentive plans	The Firm recognized the following noncash compensation expense related to its various employee share-based incentive plans in its Consolidated statements of income. Three months ended March 31, (in millions) 2024 2023 Cost of prior grants of restricted stock units (“RSUs”), performance share units (“PSUs”) and stock appreciation rights (“SARs”) that are amortized over their applicable vesting periods $ 435 $ 357 Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees 503 513 Total noncash compensation expense related to employee share-based incentive plans $ 938 $ 870

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Available-for-sale amortized costs and estimated fair values	The amortized costs and estimated fair values of the investment securities portfolio were as follows for the dates indicated. March 31, 2024 December 31, 2023 (in millions) Amortized cost (d)(e) Gross unrealized gains Gross unrealized losses Fair value Amortized cost (d)(e) Gross unrealized gains Gross unrealized losses Fair value Available-for-sale securities Mortgage-backed securities: U.S. GSEs and government agencies $ 75,141 $ 423 $ 4,327 $ 71,237 $ 88,377 $ 870 $ 4,077 $ 85,170 Residential: U.S. 1,997 7 68 1,936 2,086 10 68 2,028 Non-U.S. 1,021 4 — 1,025 1,608 4 1 1,611 Commercial 2,730 14 85 2,659 2,930 12 139 2,803 Total mortgage-backed securities 80,889 448 4,480 76,857 95,001 896 4,285 91,612 U.S. Treasury and government agencies 111,133 342 699 110,776 58,051 276 522 57,805 Obligations of U.S. states and municipalities 19,077 160 426 18,811 21,243 390 266 21,367 Non-U.S. government debt securities 20,084 156 361 19,879 21,387 254 359 21,282 Corporate debt securities 118 — 29 89 128 — 28 100 Asset-backed securities: Collateralized loan obligations 7,155 23 14 7,164 6,769 11 28 6,752 Other 2,585 11 20 2,576 2,804 8 26 2,786 Unallocated portfolio layer fair value basis adjustments (a) (1,228) — (1,228) NA 73 (73) — NA Total available-for-sale securities 239,813 1,140 4,801 236,152 205,456 1,762 5,514 201,704 Held-to-maturity securities (b) Mortgage-backed securities: U.S. GSEs and government agencies 103,691 23 13,343 90,371 105,614 39 11,643 94,010 U.S. Residential 9,455 3 1,030 8,428 9,709 4 970 8,743 Commercial 10,126 21 471 9,676 10,534 13 581 9,966 Total mortgage-backed securities 123,272 47 14,844 108,475 125,857 56 13,194 112,719 U.S. Treasury and government agencies 143,724 — 13,552 130,172 173,666 — 13,074 160,592 Obligations of U.S. states and municipalities 9,648 42 677 9,013 9,945 74 591 9,428 Asset-backed securities: Collateralized loan obligations 56,178 82 129 56,131 58,565 47 352 58,260 Other 1,705 2 55 1,652 1,815 1 61 1,755 Total held-to-maturity securities (c) 334,527 173 29,257 305,443 369,848 178 27,272 342,754 Total investment securities, net of allowance for credit losses $ 574,340 $ 1,313 $ 34,058 $ 541,595 $ 575,304 $ 1,940 $ 32,786 $ 544,458 (a) Represents the amount of portfolio layer method basis adjustments related to AFS securities hedged in a closed portfolio. Under U.S. GAAP portfolio layer method basis adjustments are not allocated to individual securities, however the amounts impact the unrealized gains or losses in the table for the types of securities being hedged. Refer to Note 4 for additional information. (b) The Firm purchased $479 million and $3.6 billion of HTM securities for the three months ended March 31, 2024 and 2023, respectively. (c) Effective January 1, 2023, the Firm adopted the portfolio layer method hedge accounting guidance which permitted a transfer of HTM securities to AFS upon adoption. The Firm transferred obligations of U.S. states and municipalities with a carrying value of $7.1 billion resulting in the recognition of $38 million net pre-tax unrealized losses in AOCI. This transfer was a non-cash transaction. Refer to Note 19 of this Form 10-Q and Note 1 of JPMorgan Chase’s 2023 Form 10-K for additional information. (d) The amortized cost of investment securities is reported net of allowance for credit losses of $154 million and $128 million at March 31, 2024 and December 31, 2023, respectively. (e) Excludes $3.4 billion and $2.8 billion of accrued interest receivable at March 31, 2024 and December 31, 2023, respectively. The Firm did not reverse through interest income any accrued interest receivable for the three months ended March 31, 2024 and 2023. Refer to Note 10 of JPMorgan Chase’s 2023 Form 10-K for further discussion of accounting policies for accrued interest receivable on investment securities.
Held-to-maturity securities amortized costs and estimated fair values	The amortized costs and estimated fair values of the investment securities portfolio were as follows for the dates indicated. March 31, 2024 December 31, 2023 (in millions) Amortized cost (d)(e) Gross unrealized gains Gross unrealized losses Fair value Amortized cost (d)(e) Gross unrealized gains Gross unrealized losses Fair value Available-for-sale securities Mortgage-backed securities: U.S. GSEs and government agencies $ 75,141 $ 423 $ 4,327 $ 71,237 $ 88,377 $ 870 $ 4,077 $ 85,170 Residential: U.S. 1,997 7 68 1,936 2,086 10 68 2,028 Non-U.S. 1,021 4 — 1,025 1,608 4 1 1,611 Commercial 2,730 14 85 2,659 2,930 12 139 2,803 Total mortgage-backed securities 80,889 448 4,480 76,857 95,001 896 4,285 91,612 U.S. Treasury and government agencies 111,133 342 699 110,776 58,051 276 522 57,805 Obligations of U.S. states and municipalities 19,077 160 426 18,811 21,243 390 266 21,367 Non-U.S. government debt securities 20,084 156 361 19,879 21,387 254 359 21,282 Corporate debt securities 118 — 29 89 128 — 28 100 Asset-backed securities: Collateralized loan obligations 7,155 23 14 7,164 6,769 11 28 6,752 Other 2,585 11 20 2,576 2,804 8 26 2,786 Unallocated portfolio layer fair value basis adjustments (a) (1,228) — (1,228) NA 73 (73) — NA Total available-for-sale securities 239,813 1,140 4,801 236,152 205,456 1,762 5,514 201,704 Held-to-maturity securities (b) Mortgage-backed securities: U.S. GSEs and government agencies 103,691 23 13,343 90,371 105,614 39 11,643 94,010 U.S. Residential 9,455 3 1,030 8,428 9,709 4 970 8,743 Commercial 10,126 21 471 9,676 10,534 13 581 9,966 Total mortgage-backed securities 123,272 47 14,844 108,475 125,857 56 13,194 112,719 U.S. Treasury and government agencies 143,724 — 13,552 130,172 173,666 — 13,074 160,592 Obligations of U.S. states and municipalities 9,648 42 677 9,013 9,945 74 591 9,428 Asset-backed securities: Collateralized loan obligations 56,178 82 129 56,131 58,565 47 352 58,260 Other 1,705 2 55 1,652 1,815 1 61 1,755 Total held-to-maturity securities (c) 334,527 173 29,257 305,443 369,848 178 27,272 342,754 Total investment securities, net of allowance for credit losses $ 574,340 $ 1,313 $ 34,058 $ 541,595 $ 575,304 $ 1,940 $ 32,786 $ 544,458 (a) Represents the amount of portfolio layer method basis adjustments related to AFS securities hedged in a closed portfolio. Under U.S. GAAP portfolio layer method basis adjustments are not allocated to individual securities, however the amounts impact the unrealized gains or losses in the table for the types of securities being hedged. Refer to Note 4 for additional information. (b) The Firm purchased $479 million and $3.6 billion of HTM securities for the three months ended March 31, 2024 and 2023, respectively. (c) Effective January 1, 2023, the Firm adopted the portfolio layer method hedge accounting guidance which permitted a transfer of HTM securities to AFS upon adoption. The Firm transferred obligations of U.S. states and municipalities with a carrying value of $7.1 billion resulting in the recognition of $38 million net pre-tax unrealized losses in AOCI. This transfer was a non-cash transaction. Refer to Note 19 of this Form 10-Q and Note 1 of JPMorgan Chase’s 2023 Form 10-K for additional information. (d) The amortized cost of investment securities is reported net of allowance for credit losses of $154 million and $128 million at March 31, 2024 and December 31, 2023, respectively. (e) Excludes $3.4 billion and $2.8 billion of accrued interest receivable at March 31, 2024 and December 31, 2023, respectively. The Firm did not reverse through interest income any accrued interest receivable for the three months ended March 31, 2024 and 2023. Refer to Note 10 of JPMorgan Chase’s 2023 Form 10-K for further discussion of accounting policies for accrued interest receivable on investment securities.
Securities impairment	The following tables present the fair value and gross unrealized losses by aging category for AFS securities at March 31, 2024 and December 31, 2023. The tables exclude U.S. Treasury and government agency securities and U.S. GSE and government agency MBS with unrealized losses of $5.0 billion and $4.6 billion, at March 31, 2024 and December 31, 2023, respectively; changes in the value of these securities are generally driven by changes in interest rates rather than changes in their credit profile given the explicit or implicit guarantees provided by the U.S. government. Available-for-sale securities with gross unrealized losses Less than 12 months 12 months or more March 31, 2024 (in millions) Fair value Gross Fair value Gross Total fair value Total gross unrealized losses Available-for-sale securities Mortgage-backed securities: Residential: U.S. $ 143 $ 1 $ 1,089 $ 67 $ 1,232 $ 68 Non-U.S. — — 212 — 212 — Commercial 58 3 1,386 82 1,444 85 Total mortgage-backed securities 201 4 2,687 149 2,888 153 Obligations of U.S. states and municipalities 9,704 158 2,181 268 11,885 426 Non-U.S. government debt securities 7,355 32 4,493 329 11,848 361 Corporate debt securities 9 — 47 29 56 29 Asset-backed securities: Collateralized loan obligations 458 — 1,122 14 1,580 14 Other 169 1 1,015 19 1,184 20 Total available-for-sale securities with gross unrealized losses $ 17,896 $ 195 $ 11,545 $ 808 $ 29,441 $ 1,003 Available-for-sale securities with gross unrealized losses Less than 12 months 12 months or more December 31, 2023 (in millions) Fair value Gross Fair value Gross Total fair value Total gross unrealized losses Available-for-sale securities Mortgage-backed securities: Residential: U.S. $ 81 $ — $ 1,160 $ 68 $ 1,241 $ 68 Non-U.S. — — 722 1 722 1 Commercial 228 3 1,775 136 2,003 139 Total mortgage-backed securities 309 3 3,657 205 3,966 208 Obligations of U.S. states and municipalities 2,134 20 2,278 246 4,412 266 Non-U.S. government debt securities 7,145 23 4,987 336 12,132 359 Corporate debt securities 9 — 79 28 88 28 Asset-backed securities: Collateralized loan obligations 932 2 3,744 26 4,676 28 Other 208 1 1,288 25 1,496 26 Total available-for-sale securities with gross unrealized losses $ 10,737 $ 49 $ 16,033 $ 866 $ 26,770 $ 915
Securities gains and losses and provision for credit loss	Three months ended March 31, (in millions) 2024 2023 Realized gains $ 173 $ 131 Realized losses (539) (999) Investment securities losses $ (366) $ (868) Provision for credit losses $ 26 $ 1
Amortized cost and estimated fair value by contractual maturity	The following table presents the amortized cost and estimated fair value at March 31, 2024, of JPMorgan Chase’s investment securities portfolio by contractual maturity. By remaining maturity Due in one Due after one year through five years Due after five years through 10 years Due after 10 years (c) Total Available-for-sale securities Mortgage-backed securities Amortized cost $ — $ 5,331 $ 4,742 $ 70,816 $ 80,889 Fair value — 5,252 4,773 66,832 76,857 Average yield (a) — % 5.32 % 6.20 % 4.65 % 4.79 % U.S. Treasury and government agencies Amortized cost $ — $ 74,048 $ 30,318 $ 6,767 $ 111,133 Fair value — 73,880 30,464 6,432 110,776 Average yield (a) — % 5.00 % 6.17 % 6.70 % 5.42 % Obligations of U.S. states and municipalities Amortized cost $ 9 $ 22 $ 115 $ 18,931 $ 19,077 Fair value 8 21 114 18,668 18,811 Average yield (a) 3.64 % 1.94 % 3.92 % 5.95 % 5.93 % Non-U.S. government debt securities Amortized cost $ 4,996 $ 5,337 $ 3,980 $ 5,771 $ 20,084 Fair value 4,979 5,304 3,754 5,842 19,879 Average yield (a) 3.31 % 4.56 % 2.10 % 3.98 % 3.59 % Corporate debt securities Amortized cost $ 74 $ 64 $ 14 $ — $ 152 Fair value 12 64 13 — 89 Average yield (a) 15.50 % 6.19 % 4.10 % — % 10.51 % Asset-backed securities Amortized cost $ 35 $ 724 $ 2,637 $ 6,344 $ 9,740 Fair value 35 720 2,641 6,344 9,740 Average yield (a) 5.17 % 4.41 % 6.36 % 6.80 % 6.50 % Total available-for-sale securities Amortized cost (b) $ 5,114 $ 85,526 $ 41,806 $ 108,629 $ 241,075 Fair value 5,034 85,241 41,759 104,118 236,152 Average yield (a) 3.50 % 4.99 % 5.79 % 5.09 % 5.12 % Held-to-maturity securities Mortgage-backed securities Amortized cost $ — $ 6,244 $ 8,239 $ 108,871 $ 123,354 Fair value — 5,782 7,275 95,418 108,475 Average yield (a) — % 2.57 % 2.65 % 3.02 % 2.97 % U.S. Treasury and government agencies Amortized cost $ 35,177 $ 60,356 $ 48,191 $ — $ 143,724 Fair value 34,608 55,446 40,118 — 130,172 Average yield (a) 0.88 % 0.96 % 1.25 % — % 1.04 % Obligations of U.S. states and municipalities Amortized cost $ — $ — $ 268 $ 9,418 $ 9,686 Fair value — — 239 8,774 9,013 Average yield (a) — % — % 3.15 % 3.92 % 3.90 % Asset-backed securities Amortized cost $ — $ 7 $ 20,412 $ 37,464 $ 57,883 Fair value — 7 20,394 37,382 57,783 Average yield (a) — % 6.59 % 6.26 % 6.52 % 6.43 % Total held-to-maturity securities Amortized cost (b) $ 35,177 $ 66,607 $ 77,110 $ 155,753 $ 334,647 Fair value 34,608 61,235 68,026 141,574 305,443 Average yield (a) 0.88 % 1.11 % 2.73 % 3.91 % 2.76 % (a) Average yield is computed using the effective yield of each security owned at the end of the period, weighted based on the amortized cost of each security. The effective yield considers the contractual coupon, amortization of premiums and accretion of discounts, and the effect of related hedging derivatives, including closed portfolio hedges. Taxable-equivalent amounts are used where applicable. The effective yield excludes unscheduled principal prepayments; and accordingly, actual maturities of securities may differ from their contractual or expected maturities as certain securities may be prepaid. However, for certain callable debt securities, the average yield is calculated to the earliest call date. (b) For purposes of this table, the amortized cost of available-for-sale securities excludes the allowance for credit losses of $34 million and the portfolio layer fair value hedge basis adjustments of $(1.2) billion at March 31, 2024. The amortized cost of held-to-maturity securities also excludes the allowance for credit losses of $120 million at March 31, 2024. (c) Substantially all of the Firm’s U.S. residential MBS and collateralized mortgage obligations are due in 10 years or more, based on contractual maturity. The estimated weighted-average life, which reflects anticipated future prepayments, is approximately eight years for agency residential MBS and six years for both agency residential collateralized mortgage obligations and nonagency residential collateralized mortgage obligations.

Securities Financing Activiti_2

Securities Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Securities Financing Transactions Disclosures [Abstract]
Schedule of securities sold under repurchase agreements, netting & securities loaned	The table below summarizes the gross and net amounts of the Firm’s securities financing agreements as of March 31, 2024 and December 31, 2023. When the Firm has obtained an appropriate legal opinion with respect to a master netting agreement with a counterparty and where other relevant netting criteria under U.S. GAAP are met, the Firm nets, on the Consolidated balance sheets, the balances outstanding under its securities financing agreements with the same counterparty. In addition, the Firm exchanges securities and/or cash collateral with its counterparty to reduce the economic exposure with the counterparty, but such collateral is not eligible for net Consolidated balance sheet presentation. Where the Firm has obtained an appropriate legal opinion with respect to the counterparty master netting agreement, such collateral, along with securities financing balances that do not meet all these relevant netting criteria under U.S. GAAP, is presented in the table below as “Amounts not nettable on the Consolidated balance sheets,” and reduces the “Net amounts” presented. Where a legal opinion has not been either sought or obtained, the securities financing balances are presented gross in the “Net amounts” below. In transactions where the Firm is acting as the lender in a securities-for-securities lending agreement and receives securities that can be pledged or sold as collateral, the Firm recognizes the securities received at fair value within other assets and the obligation to return those securities within accounts payable and other liabilities on the Consolidated balance sheets. March 31, 2024 (in millions) Gross amounts Amounts netted on the Consolidated balance sheets Amounts presented on the Consolidated balance sheets Amounts not nettable on the Consolidated balance sheets (b) Net amounts (c) Assets Securities purchased under resale agreements $ 604,201 $ (273,642) $ 330,559 $ (322,889) $ 7,670 Securities borrowed 245,443 (47,107) 198,336 (148,169) 50,167 Liabilities Securities sold under repurchase agreements $ 595,265 $ (273,642) $ 321,623 $ (284,587) $ 37,036 Securities loaned and other (a) 58,708 (47,107) 11,601 (11,369) 232 December 31, 2023 (in millions) Gross amounts Amounts netted on the Consolidated balance sheets Amounts presented on the Consolidated balance sheets Amounts not nettable on the Consolidated balance sheets (b) Net amounts (c) Assets Securities purchased under resale agreements $ 523,308 $ (247,181) $ 276,127 $ (267,582) $ 8,545 Securities borrowed 244,046 (43,610) 200,436 (144,543) 55,893 Liabilities Securities sold under repurchase agreements $ 459,985 $ (247,181) $ 212,804 $ (182,011) $ 30,793 Securities loaned and other (a) 52,142 (43,610) 8,532 (8,501) 31 (a) Includes securities-for-securities lending agreements of $8.9 billion and $5.6 billion at March 31, 2024 and December 31, 2023, respectively, accounted for at fair value, where the Firm is acting as lender. (b) In some cases, collateral exchanged with a counterparty exceeds the net asset or liability balance with that counterparty. In such cases, the amounts reported in this column are limited to the related net asset or liability with that counterparty. (c) Includes securities financing agreements that provide collateral rights, but where an appropriate legal opinion with respect to the master netting agreement has not been either sought or obtained. At March 31, 2024 and December 31, 2023, included $5.5 billion and $7.1 billion, respectively, of securities purchased under resale agreements; $45.6 billion and $50.7 billion, respectively, of securities borrowed; $36.2 billion and $30.0 billion, respectively, of securities sold under repurchase agreements; and securities loaned and other which were not material at both March 31, 2024 and December 31, 2023.
Schedule of types of assets pledged in secured financing transactions	The tables below present as of March 31, 2024 and December 31, 2023 the types of financial assets pledged in securities financing agreements and the remaining contractual maturity of the securities financing agreements. Gross liability balance March 31, 2024 December 31, 2023 (in millions) Securities sold under repurchase agreements Securities loaned and other Securities sold under repurchase agreements Securities loaned and other Mortgage-backed securities U.S. GSEs and government agencies $ 71,065 $ — $ 71,064 $ — Residential - nonagency 2,233 — 2,292 — Commercial - nonagency 2,357 — 2,669 — U.S. Treasury, GSEs and government agencies 300,105 809 216,467 1,034 Obligations of U.S. states and municipalities 2,189 — 2,323 — Non-U.S. government debt 134,763 2,682 97,400 1,455 Corporate debt securities 41,765 2,437 39,247 2,025 Asset-backed securities 4,181 — 2,703 — Equity securities 36,607 52,780 25,820 47,628 Total $ 595,265 $ 58,708 $ 459,985 $ 52,142 Remaining contractual maturity of the agreements Overnight and continuous Greater than March 31, 2024 (in millions) Up to 30 days 30 – 90 days Total Total securities sold under repurchase agreements $ 270,443 $ 193,549 $ 43,467 $ 87,806 $ 595,265 Total securities loaned and other 57,204 292 2 1,210 58,708 Remaining contractual maturity of the agreements Overnight and continuous Greater than December 31, 2023 (in millions) Up to 30 days 30 – 90 days Total Total securities sold under repurchase agreements $ 259,048 $ 102,941 $ 20,960 $ 77,036 $ 459,985 Total securities loaned and other 49,610 1,544 — 988 52,142

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Loan portfolio segment descriptions	The Firm’s loan portfolio is divided into three portfolio segments, which are the same segments used by the Firm to determine the allowance for loan losses: Consumer, excluding credit card; Credit card; and Wholesale. Within each portfolio segment the Firm monitors and assesses the credit risk in the following classes of loans, based on the risk characteristics of each loan class. Consumer, excluding Credit card Wholesale (c)(d) • Residential real estate (a) • Auto and other (b) • Credit card loans • Secured by real estate • Commercial and industrial • Other (e) (a) Includes scored mortgage and home equity loans held in CCB and AWM, and scored mortgage loans held in CIB. (b) Includes scored auto, business banking and consumer unsecured loans as well as overdrafts, primarily in CCB. (c) Includes loans held in CIB, CB, AWM, Corporate, and risk-rated exposure held in CCB, for which the wholesale methodology is applied when determining the allowance for loan losses. (d) The wholesale portfolio segment's classes align with loan classifications as defined by the bank regulatory agencies, based on the loan's collateral, purpose, and type of borrower. (e) Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs.
Schedule of loans by portfolio segment	The following tables summarize the Firm’s loan balances by portfolio segment. March 31, 2024 Consumer, excluding credit card Credit card Wholesale Total (a)(b) (in millions) Retained $ 389,592 $ 206,740 $ 667,761 $ 1,264,093 Held-for-sale 1,331 — 5,146 6,477 At fair value 12,481 — 26,565 39,046 Total $ 403,404 $ 206,740 $ 699,472 $ 1,309,616 December 31, 2023 Consumer, excluding credit card Credit card Wholesale Total (a)(b) (in millions) Retained $ 397,275 $ 211,123 $ 672,472 $ 1,280,870 Held-for-sale 487 — 3,498 3,985 At fair value 12,331 — 26,520 38,851 Total $ 410,093 $ 211,123 $ 702,490 $ 1,323,706 (a) Excludes $6.8 billion of accrued interest receivables at both March 31, 2024 and December 31, 2023. The Firm wrote off accrued interest receivables of $31 million and $11 million for the three months ended March 31, 2024 and 2023, respectively. (b) Loans (other than those for which the fair value option has been elected) are presented net of unamortized discounts and premiums and net deferred loan fees or costs. These amounts were not material as of March 31, 2024 and December 31, 2023. For the discount associated with First Republic loans see Note 26 on pages 171-173. The following table provides information about retained consumer loans, excluding credit card, by class. (in millions) March 31, December 31, Residential real estate $ 319,984 $ 326,409 Auto and other 69,608 70,866 Total retained loans $ 389,592 $ 397,275
Schedule of retained loans purchased, sold and reclassified to held-for-sale	The following tables provide information about the carrying value of retained loans purchased, sold and reclassified to held-for-sale during the periods indicated. Loans that were reclassified to held-for-sale and sold in a subsequent period are excluded from the sales line of this table. 2024 2023 Three months ended March 31, Consumer, excluding Credit card Wholesale Total Consumer, excluding Credit card Wholesale Total Purchases $ 124 (b)(c) $ — $ 161 $ 285 $ 79 (b)(c) $ — $ 163 $ 242 Sales 3,364 — 9,582 12,946 — — 9,171 9,171 Retained loans reclassified to held-for-sale (a) 987 — 185 1,172 43 — 314 357 (a) Reclassifications of loans to held-for-sale are non-cash transactions. (b) Includes purchases of residential real estate loans, including the Firm’s voluntary repurchases of certain delinquent loans from loan pools as permitted by Government National Mortgage Association (“Ginnie Mae”) guidelines for the three months ended March 31, 2024 and 2023. The Firm typically elects to repurchase these delinquent loans as it continues to service them and/or manage the foreclosure process in accordance with applicable requirements of Ginnie Mae, FHA, RHS, and/or VA. (c) Excludes purchases of retained loans of $204 million and $663 million for the three months ended March 31, 2024 and 2023, respectively, which are predominantly sourced through the correspondent origination channel and underwritten in accordance with the Firm’s standards.
Schedule of financing receivable credit quality indicators	The following tables provide information on delinquency and gross charge-offs. (in millions, except ratios) March 31, 2024 Term loans by origination year (c) Revolving loans Total 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Loan delinquency (a) Current $ 2,148 $ 20,058 $ 63,668 $ 83,481 $ 54,894 $ 78,706 $ 7,053 $ 7,845 $ 317,853 30–149 days past due — 19 114 95 49 762 42 230 1,311 150 or more days past due — 2 42 30 34 540 8 164 820 Total retained loans $ 2,148 $ 20,079 $ 63,824 $ 83,606 $ 54,977 $ 80,008 $ 7,103 $ 8,239 $ 319,984 % of 30+ days past due to total retained loans (b) — % 0.10 % 0.24 % 0.15 % 0.15 % 1.61 % 0.70 % 4.78 % 0.66 % Gross charge-offs $ — $ — $ — $ — $ — $ 55 $ 5 $ 3 $ 63 (in millions, except ratios) December 31, 2023 Term loans by origination year (c) Revolving loans Total 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Loan delinquency (a) Current $ 23,216 $ 64,366 $ 84,496 $ 55,546 $ 21,530 $ 59,563 $ 7,479 $ 8,151 $ 324,347 30–149 days past due 33 74 89 70 41 801 49 223 1,380 150 or more days past due 1 10 17 8 21 456 5 164 682 Total retained loans $ 23,250 $ 64,450 $ 84,602 $ 55,624 $ 21,592 $ 60,820 $ 7,533 $ 8,538 $ 326,409 % of 30+ days past due to total retained loans (b) 0.15 % 0.13 % 0.13 % 0.14 % 0.29 % 2.04 % 0.72 % 4.53 % 0.63 % Gross charge-offs $ — $ — $ — $ — $ 4 $ 167 $ 26 $ 7 $ 204 (a) Individual delinquency classifications include mortgage loans insured by U.S. government agencies which were not material at March 31, 2024 and December 31, 2023. (b) Excludes mortgage loans that are 30 or more days past due insured by U.S. government agencies which were not material at March 31, 2024 and December 31, 2023. These amounts have been excluded based upon the government guarantee. (c) Purchased loans are included in the year in which they were originated. The following table provides information on nonaccrual and other credit quality indicators for retained residential real estate loans. (in millions, except weighted-average data) March 31, 2024 December 31, 2023 Nonaccrual loans (a)(b)(c)(d) $ 3,449 $ 3,466 Current estimated LTV ratios (e)(f)(g) Greater than 125% and refreshed FICO scores: Equal to or greater than 660 $ 70 $ 72 Less than 660 — — 101% to 125% and refreshed FICO scores: Equal to or greater than 660 228 223 Less than 660 5 4 80% to 100% and refreshed FICO scores: Equal to or greater than 660 6,533 6,491 Less than 660 102 102 Less than 80% and refreshed FICO scores: Equal to or greater than 660 302,573 309,251 Less than 660 9,436 9,277 No FICO/LTV available (h) 1,037 989 Total retained loans $ 319,984 $ 326,409 Weighted-average LTV ratio (e)(i) 48 % 49 % Weighted-average FICO (f)(i) 776 770 Geographic region (h)(j) California $ 125,046 $ 127,072 New York 48,175 48,815 Florida 22,371 22,778 Texas 15,106 15,506 Massachusetts 14,014 14,213 Colorado 10,590 10,800 Illinois 10,540 10,856 Washington 9,573 9,923 New Jersey 7,863 8,050 Connecticut 7,020 7,163 All other 49,686 51,233 Total retained loans $ 319,984 $ 326,409 (a) I ncludes collateral-dependent residential real estate loans that are charged down to the fair value of the underlying collateral less costs to sell. The Firm reports, in accordance with regulatory guidance, residential real estate loans that have been discharged under Chapter 7 bankruptcy and not reaffirmed by the borrower (“Chapter 7 loans”) as collateral-dependent nonaccrual loans, regardless of their delinquency status. At March 31, 2024, approximately 9% of Chapter 7 residential real estate loans were 30 days or more past due. (b) Mortgage loans insured by U.S. government agencies excluded from nonaccrual loans were not material at March 31, 2024 and December 31, 2023. (c) Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative. (d) Interest income on nonaccrual loans recognized on a cash basis was $43 million and $45 million for the three months ended March 31, 2024 and 2023, respectively. (e) Represents the aggregate unpaid principal balance of loans divided by the estimated current property value. Current property values are estimated, at a minimum, quarterly, based on home valuation models using nationally recognized home price index valuation estimates incorporating actual data to the extent available and forecasted data where actual data is not available. Current estimated combined LTV for junior lien home equity loans considers all available lien positions, as well as unused lines, related to the property. (f) Refreshed FICO scores represent each borrower’s most recent credit score, which is obtained by the Firm on at least a quarterly basis. (g) Includes residential real estate loans, primarily held in LLCs in AWM that did not have a refreshed FICO score. These loans have been included in a FICO band based on management’s estimation of the borrower’s credit quality. (h) Included U.S. government-guaranteed loans as of March 31, 2024 and December 31, 2023. (i) Excludes loans with no FICO and/or LTV data available. (j) The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at March 31, 2024. March 31, 2024 (in millions, except ratios) Term loans by origination year Revolving loans 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Total Loan delinquency Current $ 7,175 $ 26,329 $ 13,361 $ 11,306 $ 5,538 $ 1,724 $ 3,190 $ 103 $ 68,726 30–119 days past due 55 232 228 180 62 39 23 28 847 120 or more days past due — 1 1 5 8 — 1 19 35 Total retained loans $ 7,230 $ 26,562 $ 13,590 $ 11,491 $ 5,608 $ 1,763 $ 3,214 $ 150 $ 69,608 % of 30+ days past due to total retained loans 0.76 % 0.88 % 1.69 % 1.56 % 1.07 % 2.21 % 0.75 % 31.33 % 1.24 % Gross charge-offs $ 22 $ 111 $ 63 $ 36 $ 11 $ 24 $ — $ 1 $ 268 December 31, 2023 (in millions, except ratios) Term loans by origination year Revolving loans 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Total Loan delinquency Current $ 30,328 $ 14,797 $ 12,825 $ 6,538 $ 1,777 $ 511 $ 2,984 $ 102 $ 69,862 30–119 days past due 276 279 231 78 43 17 19 24 967 120 or more days past due 1 1 7 8 — — 3 17 37 Total retained loans $ 30,605 $ 15,077 $ 13,063 $ 6,624 $ 1,820 $ 528 $ 3,006 $ 143 $ 70,866 % of 30+ days past due to total retained loans 0.91 % 1.86 % 1.75 % 1.15 % 2.36 % 3.22 % 0.73 % 28.67 % 1.39 % Gross charge-offs $ 333 $ 297 $ 161 $ 53 $ 35 $ 64 $ — $ 4 $ 947 The following table provides information on nonaccrual and other credit quality indicators for retained auto and other consumer loans. (in millions) Total Auto and other March 31, 2024 December 31, 2023 Nonaccrual loans (a)(b) $ 181 $ 177 Geographic region (c) California $ 10,794 $ 10,959 Texas 8,318 8,502 Florida 5,632 5,684 New York 4,911 4,938 Illinois 3,059 3,147 New Jersey 2,565 2,609 Pennsylvania 1,907 1,900 Georgia 1,858 1,912 Arizona 1,736 1,779 North Carolina 1,679 1,714 All other 27,149 27,722 Total retained loans $ 69,608 $ 70,866 (a) Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative. (b) Interest income on nonaccrual loans recognized on a cash basis was not material for the three months ended March 31, 2024 and 2023 . (c) The geographic regions presented in this table are ordered based on the magnitude of the corresponding loan balances at March 31, 2024. The following tables provide information on delinquency and gross charge-offs. (in millions, except ratios) March 31, 2024 Within the revolving period Converted to term loans Total Loan delinquency Current and less than 30 days past due and still accruing $ 201,163 $ 974 $ 202,137 30–89 days past due and still accruing 2,106 93 2,199 90 or more days past due and still accruing 2,351 53 2,404 Total retained loans $ 205,620 $ 1,120 $ 206,740 Loan delinquency ratios % of 30+ days past due to total retained loans 2.17 % 13.04 % 2.23 % % of 90+ days past due to total retained loans 1.14 4.73 1.16 Gross charge-offs $ 1,860 $ 54 $ 1,914 (in millions, except ratios) December 31, 2023 Within the revolving period Converted to term loans Total Loan delinquency Current and less than 30 days past due and still accruing $ 205,731 $ 882 $ 206,613 30–89 days past due and still accruing 2,217 84 2,301 90 or more days past due and still accruing 2,169 40 2,209 Total retained loans $ 210,117 $ 1,006 $ 211,123 Loan delinquency ratios % of 30+ days past due to total retained loans 2.09 % 12.33 % 2.14 % % of 90+ days past due to total retained loans 1.03 3.98 1.05 Gross charge-offs $ 5,325 $ 166 $ 5,491 The following table provides information on other credit quality indicators for retained credit card loans. (in millions, except ratios) March 31, 2024 December 31, 2023 Geographic region (a) California $ 32,053 $ 32,652 Texas 21,833 22,086 New York 16,561 16,915 Florida 15,043 15,103 Illinois 11,137 11,364 New Jersey 8,495 8,688 Ohio 6,211 6,424 Colorado 6,210 6,307 Pennsylvania 5,885 6,088 Arizona 5,179 5,209 All other 78,133 80,287 Total retained loans $ 206,740 $ 211,123 Percentage of portfolio based on carrying value with estimated refreshed FICO scores Equal to or greater than 660 85.2 % 85.8 % Less than 660 14.7 14.0 No FICO available 0.1 0.2 (a) The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at March 31, 2024. Internal risk rating is the primary credit quality indicator for retained wholesale loans. The following tables provide information on internal risk rating and gross charge-offs. Secured by real estate Commercial and industrial Other (a) Total retained loans (in millions, except ratios) Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Loans by risk ratings Investment-grade $ 118,829 $ 120,405 $ 71,308 $ 72,624 $ 263,455 $ 265,809 $ 453,592 $ 458,838 Noninvestment-grade: Noncriticized 35,333 34,241 82,426 80,637 71,091 75,178 188,850 190,056 Criticized performing 8,431 7,291 12,349 12,684 1,612 1,257 22,392 21,232 Criticized nonaccrual 591 401 1,435 1,221 901 724 2,927 2,346 Total noninvestment-grade 44,355 41,933 96,210 94,542 73,604 77,159 214,169 213,634 Total retained loans $ 163,184 $ 162,338 $ 167,518 $ 167,166 $ 337,059 $ 342,968 $ 667,761 $ 672,472 % of investment-grade to total retained loans 72.82 % 74.17 % 42.57 % 43.44 % 78.16 % 77.50 % 67.93 % 68.23 % % of total criticized to total retained loans 5.53 4.74 8.23 8.32 0.75 0.58 3.79 3.51 % of criticized nonaccrual to total retained loans 0.36 0.25 0.86 0.73 0.27 0.21 0.44 0.35 (a) Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. As of March 31, 2024 and December 31, 2023, predominantly consisted of $105.2 billion and $106.9 billion, respectively, to individuals and individual entities; $87.3 billion and $91.2 billion, respectively, to SPEs; and $85.1 billion and $87.5 billion, respectively, to financial institutions. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs. Secured by real estate (in millions) March 31, 2024 Term loans by origination year Revolving loans 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 1,847 $ 10,697 $ 28,184 $ 24,877 $ 16,470 $ 35,371 $ 1,383 $ — $ 118,829 Noninvestment-grade 1,042 4,818 12,979 8,575 3,743 11,795 1,402 1 44,355 Total retained loans $ 2,889 $ 15,515 $ 41,163 $ 33,452 $ 20,213 $ 47,166 $ 2,785 $ 1 $ 163,184 Gross charge-offs $ — $ 5 $ 20 $ — $ — $ 3 $ — $ — $ 28 Secured by real estate (in millions) December 31, 2023 Term loans by origination year Revolving loans 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 10,687 $ 28,874 $ 25,784 $ 16,820 $ 15,677 $ 21,108 $ 1,455 $ — $ 120,405 Noninvestment-grade 4,477 12,579 7,839 3,840 3,987 7,918 1,291 2 41,933 Total retained loans $ 15,164 $ 41,453 $ 33,623 $ 20,660 $ 19,664 $ 29,026 $ 2,746 $ 2 $ 162,338 Gross charge-offs $ 20 $ 48 $ 22 $ — $ 23 $ 78 $ — $ 1 $ 192 Commercial and industrial (in millions) March 31, 2024 Term loans by origination year Revolving loans 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 5,552 $ 9,804 $ 9,117 $ 4,040 $ 1,705 $ 1,818 $ 39,229 $ 43 $ 71,308 Noninvestment-grade 4,860 15,466 15,898 8,476 1,707 1,795 47,935 73 96,210 Total retained loans $ 10,412 $ 25,270 $ 25,015 $ 12,516 $ 3,412 $ 3,613 $ 87,164 $ 116 $ 167,518 Gross charge-offs $ 3 $ 3 $ 19 $ 3 $ 1 $ 3 $ 43 $ — $ 75 Commercial and industrial (in millions) December 31, 2023 Term loans by origination year Revolving loans 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 14,875 $ 10,642 $ 4,276 $ 2,291 $ 1,030 $ 1,115 $ 38,394 $ 1 $ 72,624 Noninvestment-grade 18,890 16,444 9,299 1,989 1,144 1,006 45,696 74 94,542 Total retained loans $ 33,765 $ 27,086 $ 13,575 $ 4,280 $ 2,174 $ 2,121 $ 84,090 $ 75 $ 167,166 Gross charge-offs $ 25 $ 8 $ 110 $ 55 $ 2 $ 12 $ 259 $ 8 $ 479 Other (a) (in millions) March 31, 2024 Term loans by origination year Revolving loans 2024 2023 2022 2021 2020 Prior to 2020 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 10,191 $ 32,625 $ 17,015 $ 9,037 $ 9,635 $ 9,691 $ 173,115 $ 2,146 $ 263,455 Noninvestment-grade 3,696 10,946 7,375 5,779 1,998 2,532 41,223 55 73,604 Total retained loans $ 13,887 $ 43,571 $ 24,390 $ 14,816 $ 11,633 $ 12,223 $ 214,338 $ 2,201 $ 337,059 Gross charge-offs $ — $ 7 $ — $ 18 $ 7 $ 1 $ — $ — $ 33 Other (a) (in millions) December 31, 2023 Term loans by origination year Revolving loans 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Total Loans by risk ratings Investment-grade $ 38,338 $ 18,034 $ 10,033 $ 10,099 $ 3,721 $ 6,662 $ 176,728 $ 2,194 $ 265,809 Noninvestment-grade 14,054 8,092 6,169 2,172 811 2,001 43,801 59 77,159 Total retained loans $ 52,392 $ 26,126 $ 16,202 $ 12,271 $ 4,532 $ 8,663 $ 220,529 $ 2,253 $ 342,968 Gross charge-offs $ 5 $ 298 $ 8 $ 8 $ — $ 8 $ 13 $ — $ 340 (a) Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs. The following table presents additional information on retained loans secured by real estate, which consists of loans secured wholly or substantially by a lien or liens on real property at origination. (in millions, except ratios) Multifamily Other commercial Total retained loans secured by real estate Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Retained loans secured by real estate $ 101,514 $ 100,725 $ 61,670 $ 61,613 $ 163,184 $ 162,338 Criticized 3,654 3,596 5,368 4,096 9,022 7,692 % of criticized to total retained loans secured by real estate 3.60 % 3.57 % 8.70 % 6.65 % 5.53 % 4.74 % Criticized nonaccrual $ 89 $ 76 $ 502 $ 325 $ 591 $ 401 % of criticized nonaccrual loans to total retained loans secured by real estate 0.09 % 0.08 % 0.81 % 0.53 % 0.36 % 0.25 % Geographic distribution and delinquency The following table provides information on the geographic distribution and delinquency for retained wholesale loans. Secured by real estate Commercial Other Total (in millions) Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Loans by geographic distribution (a) Total U.S. $ 159,958 $ 159,499 $ 128,254 $ 127,638 $ 258,961 $ 262,499 $ 547,173 $ 549,636 Total non-U.S. 3,226 2,839 39,264 39,528 78,098 80,469 120,588 122,836 Total retained loans $ 163,184 $ 162,338 $ 167,518 $ 167,166 $ 337,059 $ 342,968 $ 667,761 $ 672,472 Loan delinquency Current and less than 30 days past due and still accruing $ 162,174 $ 161,314 $ 165,088 $ 164,899 $ 334,642 $ 341,128 $ 661,904 $ 667,341 30–89 days past due and still accruing 407 473 779 884 1,492 1,090 2,678 2,447 90 or more days past due and still accruing (b) 12 150 216 162 24 26 252 338 Criticized nonaccrual 591 401 1,435 1,221 901 724 2,927 2,346 Total retained loans $ 163,184 $ 162,338 $ 167,518 $ 167,166 $ 337,059 $ 342,968 $ 667,761 $ 672,472 (a) The U.S. and non-U.S. distribution is determined based predominantly on the domicile of the borrower. (b) Represents loans that are considered well-collateralized and therefore still accruing interest.
Schedule of payment status of loan modifications	The following table provides information on the payment status of FDMs during the twelve months ended March 31, 2024 and the three months ended March 31, 2023. (in millions) Amortized cost basis Twelve months ended March 31, Three months ended March 31, 2024 2023 Current $ 97 $ 37 30-149 days past due 17 1 150 or more days past due 11 — Total $ 125 $ 38 The following table provides information on the payment status of FDMs during the twelve months ended March 31, 2024 and the three months ended March 31, 2023. (in millions) Amortized cost basis Twelve months ended March 31, Three months ended March 31, 2024 2023 Current and less than 30 days past due and still accruing $ 626 $ 113 30-89 days past due and still accruing 65 30 90 or more days past due and still accruing 43 20 Total $ 734 $ 163 The following table provides information by loan class about the payment status of FDMs during the twelve months ended March 31, 2024 and the three months ended March 31, 2023. Amortized cost basis Twelve months ended March 31, 2024 Three months ended March 31, 2023 (a) (in millions) Secured by real estate Commercial and industrial Other Commercial and industrial Other Current and less than 30 days past due and still accruing $ 110 $ 1,033 $ 383 $ 212 $ — 30-89 days past due and still accruing 7 29 12 4 — Criticized nonaccrual 46 366 204 157 63 Total $ 163 $ 1,428 $ 599 $ 373 $ 63 (a) Secured by real estate FDMs were not material for the three months ended March 31, 2023.
Schedule of loan modifications	The following tables provide information on credit card loan modifications considered FDMs. Three months ended March 31, 2024 Amortized % of loan modifications to total retained credit card loans Financial effect of loan modifications Loan modifications Term extension and interest rate reduction (a)(b) $ 259 0.13 % Term extension with a reduction in the weighted average contractual interest rate from 23.88% to 3.30% Total $ 259 Three months ended March 31, 2023 Amortized % of loan modifications to total retained credit card loans Financial effect of loan modifications Loan modifications Term extension and interest rate reduction (a)(b) $ 163 0.09 % Term extension with a reduction in the weighted average contractual interest rate from 22.62% to 3.50% Total $ 163 (a) Term extension includes credit card loans whose terms have been modified under long-term programs by placing the customer's credit card account on a fixed payment plan. (b) Interest rates represent the weighted average at the time of modification. The following tables provide information about Commercial and industrial loan modifications considered FDMs during the three months ended March 31, 2024 and 2023. Commercial and industrial Three months ended March 31, 2024 (in millions) Amortized cost basis % of loan modifications to total retained Commercial and industrial loans Financial effect of loan modifications Single modifications Term extension $ 382 0.23 % Extended loans by a weighted average of 11 months Other-than-insignificant payment deferral 84 0.05 Provided payment deferrals with delayed amounts largely recaptured at the end of the deferral period Multiple modifications Other-than-insignificant payment deferral and term extension 94 0.06 Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted average of 20 months Other (a) 4 — NM Total $ 564 Three months ended March 31, 2023 Commercial and industrial Amortized cost basis % of loan modifications to total retained Commercial and industrial loans Financial effect of loan modifications Single modifications Term extension $ 280 0.17 % Extended loans by a weighted average of 8 months Other-than-insignificant payment deferral 49 0.03 Provided payment deferrals with delayed amounts recaptured primarily at maturity Multiple modifications Term extension and principal forgiveness 44 0.03 Extended loans by a weighted average of 64 months and reduced amortized cost basis of the loans by $23 million Total $ 373 (a) Includes a loan with multiple modifications.
Schedule of nonaccrual loans	The following table provides information on retained wholesale nonaccrual loans. Secured by real estate Commercial Other Total Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Nonaccrual loans With an allowance $ 128 $ 129 $ 970 $ 776 $ 664 $ 492 $ 1,762 $ 1,397 Without an allowance (a) 463 272 465 445 237 232 1,165 949 Total nonaccrual loans (b) $ 591 $ 401 $ 1,435 $ 1,221 $ 901 $ 724 $ 2,927 $ 2,346 (a) When the discounted cash flows or collateral value equals or exceeds the amortized cost of the loan, the loan does not require an allowance. This typically occurs when the loans have been partially charged off and/or there have been interest payments received and applied to the loan balance. (b) Interest income on nonaccrual loans recognized on a cash basis were not material for the three months ended March 31, 2024 and 2023.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Credit Loss [Abstract]
Allowance for credit losses on financing receivables	The table below summarizes information about the allowances for credit losses and includes a breakdown of loans and lending-related commitments by impairment methodology. Refer to Note 10 of JPMorgan Chase’s 2023 Form 10-K and Note 9 of this Form 10-Q for further information on the allowance for credit losses on investment securities. 2024 2023 Three months ended March 31, (in millions) Consumer, excluding Credit card Wholesale Total Consumer, excluding credit card Credit card Wholesale Total Allowance for loan losses Beginning balance at January 1, $ 1,856 $ 12,450 $ 8,114 $ 22,420 $ 2,040 $ 11,200 $ 6,486 $ 19,726 Cumulative effect of a change in accounting principle (a) NA NA NA NA (489) (100) 2 (587) Gross charge-offs 331 1,914 136 2,381 235 1,111 105 1,451 Gross recoveries collected (148) (227) (50) (425) (103) (189) (22) (314) Net charge-offs/(recoveries) 183 1,687 86 1,956 132 922 83 1,137 Provision for loan losses 56 1,837 (6) 1,887 247 1,222 578 2,047 Other 1 — (1) — — — 4 4 Ending balance at March 31, $ 1,730 $ 12,600 $ 8,021 $ 22,351 $ 1,666 $ 11,400 $ 6,987 $ 20,053 Allowance for lending-related commitments Beginning balance at January 1, $ 75 $ — $ 1,899 $ 1,974 $ 76 $ — $ 2,306 $ 2,382 Provision for lending-related commitments 21 — (81) (60) 1 — (14) (13) Other — — 2 2 — — 1 1 Ending balance at March 31, $ 96 $ — $ 1,820 $ 1,916 $ 77 $ — $ 2,293 $ 2,370 Total allowance for investment securities NA NA NA 154 NA NA NA 90 Total allowance for credit losses (b)(c) $ 1,826 $ 12,600 $ 9,841 $ 24,421 $ 1,743 $ 11,400 $ 9,280 $ 22,513 Allowance for loan losses by impairment methodology Asset-specific (d) $ (873) $ — $ 514 $ (359) $ (1,030) $ — $ 437 $ (593) Portfolio-based 2,603 12,600 7,507 22,710 2,696 11,400 6,550 20,646 Total allowance for loan losses $ 1,730 $ 12,600 $ 8,021 $ 22,351 $ 1,666 $ 11,400 $ 6,987 $ 20,053 Loans by impairment methodology Asset-specific (d) $ 3,216 $ — $ 2,927 $ 6,143 $ 3,560 $ — $ 2,189 $ 5,749 Portfolio-based 386,376 206,740 664,834 1,257,950 296,887 180,079 602,135 1,079,101 Total retained loans $ 389,592 $ 206,740 $ 667,761 $ 1,264,093 $ 300,447 $ 180,079 $ 604,324 $ 1,084,850 Collateral-dependent loans Net charge-offs $ 3 $ — $ 47 $ 50 $ 4 $ — $ 18 $ 22 Loans measured at fair value of collateral less cost to sell 3,260 — 1,131 4,391 3,539 — 586 4,125 Allowance for lending-related commitments by impairment methodology Asset-specific $ — $ — $ 85 $ 85 $ — $ — $ 45 $ 45 Portfolio-based 96 — 1,735 1,831 77 — 2,248 2,325 Total allowance for lending-related commitments (e) $ 96 $ — $ 1,820 $ 1,916 $ 77 $ — $ 2,293 $ 2,370 Lending-related commitments by impairment methodology Asset-specific $ — $ — $ 390 $ 390 $ — $ — $ 401 $ 401 Portfolio-based (f) 28,994 — 511,263 540,257 21,569 — 466,600 488,169 Total lending-related commitments $ 28,994 $ — $ 511,653 $ 540,647 $ 21,569 $ — $ 467,001 $ 488,570 (a) Represents the impact to the allowance for loan losses upon the adoption of the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance. Refer to Note 1 of JPMorgan Chase's 2023 Form 10-K for further information. (b) At March 31, 2024 and 2023, in addition to the allowance for credit losses in the table above, the Firm also had an allowance for credit losses of $274 million and $20 million, respectively, associated with certain accounts receivable in CIB. At March 31, 2023, the Firm also had an allowance for credit losses of $241 million associated with Other assets in Corporate. (c) As of March 31, 2024, included the allowance for credit losses associated with First Republic. (d) Includes collateral-dependent loans, including those for which foreclosure is deemed probable, and nonaccrual risk-rated loans. (e) The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets. (f) At March 31, 2024 and 2023, lending-related commitments excluded $17.7 billion and $16.0 billion, respectively, for the consumer, excluding credit card portfolio segment; $943.9 billion and $861.2 billion, respectively, for the credit card portfolio segment; and $20.9 billion and $17.5 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments.
U.S. unemployment rates and cumulative change in U.S. real GDP	The following table presents the Firm’s central case assumptions for the periods presented: Central case assumptions 2Q24 4Q24 2Q25 U.S. unemployment rate (a) 3.9 % 4.2 % 4.1 % YoY growth in U.S. real GDP (b) 2.6 % 0.9 % 1.2 % Central case assumptions 2Q24 4Q24 2Q25 U.S. unemployment rate (a) 4.1 % 4.4 % 4.1 % YoY growth in U.S. real GDP (b) 1.8 % 0.7 % 1.0 % (a) Reflects quarterly average of forecasted U.S. unemployment rate. (b)

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2024
Variable Interest Entities [Abstract]
Schedule of significant types of variable interest entities by business segment	The following table summarizes the most significant types of Firm-sponsored VIEs by business segment. The Firm considers a “Firm-sponsored” VIE to include any entity where: (1) JPMorgan Chase is the primary beneficiary of the structure; (2) the VIE is used by JPMorgan Chase to securitize Firm assets; (3) the VIE issues financial instruments with the JPMorgan Chase name; or (4) the entity is a JPMorgan Chase–administered asset-backed commercial paper conduit. Line of Business Transaction Type Activity Form 10-Q page references CCB Credit card securitization trusts Securitization of originated credit card receivables 144 Mortgage securitization trusts Servicing and securitization of both originated and purchased residential mortgages 144–146 CIB Mortgage and other securitization trusts Securitization of both originated and purchased residential and commercial mortgages, and other consumer loans 144–146 Multi-seller conduits Assisting clients in accessing the financial markets in a cost-efficient manner and structuring transactions to meet investor needs 146 Municipal bond vehicles Financing of municipal bond investments 146
Firm-sponsored mortgage and other consumer securitization trusts	The following tables present the total unpaid principal amount of assets held in Firm-sponsored private-label securitization entities, including those in which the Firm has continuing involvement, and those that are consolidated by the Firm. Continuing involvement includes servicing the loans, holding senior interests or subordinated interests (including amounts required to be held pursuant to credit risk retention rules), recourse or guarantee arrangements, and derivative contracts. In certain instances, the Firm’s only continuing involvement is servicing the loans. The Firm’s maximum loss exposure from retained and purchased interests is the carrying value of these interests. Refer to page 150 of this Note for information on the securitization-related loan delinquencies and liquidation losses. Principal amount outstanding JPMorgan Chase interest in securitized assets in nonconsolidated VIEs (c)(d)(e) March 31, 2024 (in millions) Total assets held by securitization VIEs Assets Assets held in nonconsolidated securitization VIEs with continuing involvement Trading assets Investment securities Other financial assets Total interests held by JPMorgan Securitization-related (a) Residential mortgage: Prime/Alt-A and option ARMs $ 61,900 $ 665 $ 41,639 $ 547 $ 1,900 $ 83 $ 2,530 Subprime 8,999 — 1,600 20 23 — 43 Commercial and other (b) 167,405 — 116,054 520 5,607 1,398 7,525 Total $ 238,304 $ 665 $ 159,293 $ 1,087 $ 7,530 $ 1,481 $ 10,098 Principal amount outstanding JPMorgan Chase interest in securitized assets in nonconsolidated VIEs (c)(d)(e) December 31, 2023 (in millions) Total assets held by securitization VIEs Assets Assets held in nonconsolidated securitization VIEs with continuing involvement Trading assets Investment securities Other financial assets Total interests held by Securitization-related (a) Residential mortgage: Prime/Alt-A and option ARMs $ 58,570 $ 675 $ 39,319 $ 595 $ 1,981 $ 60 $ 2,636 Subprime 8,881 — 1,312 3 — — 3 Commercial and other (b) 168,042 — 120,262 831 5,638 1,354 7,823 Total $ 235,493 $ 675 $ 160,893 $ 1,429 $ 7,619 $ 1,414 $ 10,462 (a) Excludes U.S. GSEs and government agency securitizations and re-securitizations, which are not Firm-sponsored. (b) Consists of securities backed by commercial real estate loans and non-mortgage-related consumer receivables. (c) Excludes the following: retained servicing; securities retained from loan sales and securitization activity related to U.S. GSEs and government agencies; interest rate and foreign exchange derivatives primarily used to manage interest rate and foreign exchange risks of securitization entities; senior securities of $134 million and $52 million at March 31, 2024 and December 31, 2023, respectively, and subordinated securities which were $119 million and $38 million at March 31, 2024 and December 31, 2023, respectively, which the Firm purchased in connection with CIB’s secondary market-making activities. (d) Includes interests held in re-securitization transactions. (e) As of March 31, 2024 and December 31, 2023, 77% of the Firm’s retained securitization interests, which are predominantly carried at fair value and include amounts required to be held pursuant to credit risk retention rules, were risk-rated “A” or better, on an S&P-equivalent basis. The retained interests in prime residential mortgages consisted of $2.4 billion and $2.5 billion of investment-grade retained interests at March 31, 2024 and December 31, 2023, respectively, and $115 million and $88 million of noninvestment-grade retained interests at March 31, 2024 and December 31, 2023, respectively. The retained interests in commercial and other securitization trusts consisted of $5.8 billion and $6.1 billion of investment-grade retained interests at March 31, 2024 and December 31, 2023, respectively, and $1.7 billion of noninvestment-grade retained interests at both March 31, 2024 and December 31, 2023.
Schedule of re-securitizations	The following table presents the principal amount of securities transferred to re-securitization VIEs. Three months ended March 31, (in millions) 2024 2023 Transfers of securities to VIEs U.S. GSEs and government agencies $ 8,406 $ 3,406 The following table presents information on the Firm's interests in nonconsolidated re-securitization VIEs. Nonconsolidated (in millions) March 31, 2024 December 31, 2023 U.S. GSEs and government agencies Interest in VIEs $ 2,877 $ 3,371
Information on assets and liabilities related to VIEs that are consolidated by the Firm	The following table presents information on assets and liabilities related to VIEs consolidated by the Firm as of March 31, 2024 and December 31, 2023. Assets Liabilities March 31, 2024 (in millions) Trading assets Loans Other (c) Total assets (d) Beneficial interests in VIE assets (e) Other (f) Total VIE program type Firm-sponsored credit card trusts $ — $ 12,994 $ 169 $ 13,163 $ 5,323 $ 10 $ 5,333 Firm-administered multi-seller conduits 1 24,800 180 24,981 20,366 28 20,394 Municipal bond vehicles 2,075 — 29 2,104 2,264 12 2,276 Mortgage securitization entities (a) — 681 7 688 122 56 178 Other 153 1,584 (b) 263 2,000 — 176 176 Total $ 2,229 $ 40,059 $ 648 $ 42,936 $ 28,075 $ 282 $ 28,357 Assets Liabilities December 31, 2023 (in millions) Trading assets Loans Other (c) Total assets (d) Beneficial interests in VIE assets (e) Other (f) Total VIE program type Firm-sponsored credit card trusts $ — $ 9,460 $ 117 $ 9,577 $ 2,998 $ 6 $ 3,004 Firm-administered multi-seller conduits 1 27,372 194 27,567 17,781 30 17,811 Municipal bond vehicles 2,056 — 22 2,078 2,116 11 2,127 Mortgage securitization entities (a) — 693 8 701 125 57 182 Other 113 86 250 449 — 159 159 Total $ 2,170 $ 37,611 $ 591 $ 40,372 $ 23,020 $ 263 $ 23,283 (a) Includes residential mortgage securitizations. (b) Primarily includes consumer loans in CIB. (c) Includes assets classified as cash and other assets on the Consolidated balance sheets. (d) The assets of the consolidated VIEs included in the program types above are used to settle the liabilities of those entities. The assets and liabilities include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. (e) The interest-bearing beneficial interest liabilities issued by consolidated VIEs are classified on the Consolidated balance sheets as “Beneficial interests issued by consolidated VIEs”. The holders of these beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. Included in beneficial interests in VIE assets are long-term beneficial interests of $5.4 billion and $3.1 billion at March 31, 2024 and December 31, 2023, respectively. (f) Includes liabilities classified as accounts payable and other liabilities on the Consolidated balance sheets.
Programs under proportional amortization election	The following table provides information on tax-oriented investments for which the Firm elected to apply the proportional amortization method. As of or for the three months ended, (in millions) Alternative energy and affordable housing programs March 31, December 31, 2023 (d) Programs for which the Firm elected proportional amortization: Carrying value (a) $ 29,821 $ 14,644 Tax credits and other tax benefits (b) 1,266 566 Investments that qualify to be accounted for using proportional amortization: Amortization gains/(losses) recognized as a component of income tax expense (1,016) (399) Non-income-tax-related gains/(losses) and other returns received that are recognized outside of income tax expense (c) 48 — (a) Recorded in Other assets on the Consolidated balance sheets. Excludes programs to which the Firm does not apply the proportional amortization method, such as historic tax credit and new market tax credit programs. (b) Reflected in Income tax expense on the Consolidated statements of income and Investing activities on the Consolidated statements of cash flows. (c) Recorded in Other income on the Consolidated statements of income and Investing activities on the Consolidated statements of cash flows. (d) As of December 31, 2023, represents eligible affordable housing investments. Refer to Note 25 of JPMorgan Chase’s 2023 Form 10-K for further information on affordable housing tax credits.
Securitization activities	The following table provides information related to the Firm’s securitization activities for the three months ended March 31, 2024 and 2023, related to assets held in Firm-sponsored securitization entities that were not consolidated by the Firm, and where sale accounting was achieved at the time of the securitization. Three months ended March 31, 2024 2023 (in millions) Residential mortgage (d) Commercial and other (e) Residential mortgage (d) Commercial and other (e) Principal securitized $ 4,922 $ 2,358 $ 1,073 $ — All cash flows during the period: (a) Proceeds received from loan sales as financial instruments (b)(c) $ 4,831 $ 2,324 $ 1,030 $ — Servicing fees collected 6 3 6 — Cash flows received on interests 70 130 74 87 (a) Excludes re-securitization transactions. (b) Predominantly includes Level 2 assets. (c) The carrying value of the loans accounted for at fair value approximated the proceeds received upon loan sale. (d) Represents prime mortgages. Excludes loan securitization activity related to U.S. GSEs and government agencies. (e) Includes commercial mortgage and auto loans.
Summary of loan sale activities	The following table summarizes the activities related to loans sold to the U.S. GSEs, and loans in securitization transactions pursuant to Ginnie Mae guidelines. Three months ended March 31, (in millions) 2024 2023 Carrying value of loans sold $ 4,536 $ 2,698 Proceeds received from loan sales as cash 306 7 Proceeds from loan sales as securities (a)(b) 4,192 2,662 Total proceeds received from loan sales (c) $ 4,498 $ 2,669 Gains/(losses) on loan sales (d)(e) $ — $ — (a) Includes securities from U.S. GSEs and Ginnie Mae that are generally sold shortly after receipt or retained as part of the Firm’s investment securities portfolio. (b) Included in level 2 assets. (c) Excludes the value of MSRs retained upon the sale of loans. (d) Gains/(losses) on loan sales include the value of MSRs. (e) The carrying value of the loans accounted for at fair value approximated the proceeds received upon loan sale.
Schedule options to repurchase delinquent loans	The following table presents loans the Firm repurchased or had an option to repurchase, real estate owned, and foreclosed government-guaranteed residential mortgage loans recognized on the Firm’s Consolidated balance sheets as of March 31, 2024 and December 31, 2023. Substantially all of these loans and real estate are insured or guaranteed by U.S. government agencies. (in millions) March 31, December 31, Loans repurchased or option to repurchase (a) $ 519 $ 597 Real estate owned 8 8 Foreclosed government-guaranteed residential mortgage loans (b) 15 22 (a) Predominantly all of these amounts relate to loans that have been repurchased from Ginnie Mae loan pools. (b) Relates to voluntary repurchases of loans, which are included in accrued interest and accounts receivable.
Information about loan delinquencies and liquidation losses	The table below includes information about components of and delinquencies related to nonconsolidated securitized financial assets held in Firm-sponsored private-label securitization entities, in which the Firm has continuing involvement as of March 31, 2024 and December 31, 2023. For loans sold or securitized where servicing is the Firm’s only form of continuing involvement, the Firm generally experience a loss only if the Firm was required to repurchase a delinquent loan or foreclosed asset due to a breach in representations and warranties associated with its loan sale or servicing contracts. Net liquidation losses/(recoveries) Securitized assets 90 days past due Three months ended March 31, (in millions) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 2024 2023 Securitized loans Residential mortgage: Prime / Alt-A & option ARMs $ 41,639 $ 39,319 $ 470 $ 440 $ 2 $ 7 Subprime 1,600 1,312 130 131 1 2 Commercial and other 116,054 120,262 2,495 2,874 6 19 Total loans securitized $ 159,293 $ 160,893 $ 3,095 $ 3,445 $ 9 $ 28

Goodwill, Mortgage Servicing _2

Goodwill, Mortgage Servicing Rights, and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill attributed to the business segments and corporate	The following table presents goodwill attributed to the reportable business segments and Corporate. (in millions) March 31, December 31, Consumer & Community Banking $ 32,116 $ 32,116 Corporate & Investment Bank 8,291 8,266 Commercial Banking 2,985 2,985 Asset & Wealth Management 8,565 8,582 Corporate 679 685 Total goodwill $ 52,636 $ 52,634 The following table presents changes in the carrying amount of goodwill. Three months ended March 31, (in millions) 2024 2023 Balance at beginning of period $ 52,634 $ 51,662 Changes during the period from: Business combinations (a) 34 451 Other (b) (32) 31 Balance at March 31, $ 52,636 $ 52,144 (a) For the three months ended March 31, 2024, represents estimated goodwill associated with the acquisition of LayerOne Financial in CIB. For the three months ended March 31, 2023, represents estimated goodwill in AWM, as a result of the Firm's acquisition of the remaining 51% interest in CIFM. (b) Primarily foreign currency adjustments.
Mortgage servicing rights activity	The following table summarizes MSR activity for the three months ended March 31, 2024 and 2023. As of or for the three months (in millions, except where otherwise noted) 2024 2023 Fair value at beginning of period $ 8,522 $ 7,973 MSR activity: Originations of MSRs 58 32 Purchase of MSRs (a) 2 (1) Disposition of MSRs 5 2 Net additions/(dispositions) 65 33 Changes due to collection/realization of expected cash flows (260) (240) Changes in valuation due to inputs and assumptions: Changes due to market interest rates and other (b) 268 (22) Changes in valuation due to other inputs and assumptions: Projected cash flows (e.g., cost to service) 7 — Discount rates — — Prepayment model changes and other (c) 3 11 Total changes in valuation due to other inputs and assumptions 10 11 Total changes in valuation due to inputs and assumptions 278 (11) Fair value at March 31, $ 8,605 $ 7,755 Changes in unrealized gains/(losses) included in income related to MSRs held at March 31, $ 278 $ (11) Contractual service fees, late fees and other ancillary fees included in income 399 388 Third-party mortgage loans serviced at March 31, (in billions) 627 577 Servicer advances, net of an allowance for uncollectible amounts, at March 31 (d) 607 671 (a) Includes purchase price adjustments associated with MSRs purchased in the prior quarter, primarily as a result of loans that prepaid within 90 days of settlement, allowing the Firm to recover the purchase price. (b) Represents both the impact of changes in estimated future prepayments due to changes in market interest rates, and the difference between actual and expected prepayments. (c) Represents changes in prepayments other than those attributable to changes in market interest rates. (d) Represents amounts the Firm pays as the servicer (e.g., scheduled principal and interest, taxes and insurance), which will generally be reimbursed within a short period of time after the advance from future cash flows from the trust or the underlying loans. The Firm’s credit risk associated with these servicer advances is minimal because reimbursement of the advances is typically senior to all cash payments to investors. In addition, the Firm maintains the right to stop payment to investors if the collateral is insufficient to cover the advance. However, certain of these servicer advances may not be recoverable if they were not made in accordance with applicable rules and agreements.
Mortgage fees and related income	The following table presents the components of mortgage fees and related income (including the impact of MSR risk management activities) for the three months ended March 31, 2024 and 2023. Three months ended March 31, (in millions) 2024 2023 CCB mortgage fees and related income Production revenue $ 130 $ 75 Net mortgage servicing revenue: Operating revenue: Loan servicing revenue 405 400 Changes in MSR asset fair value due to collection/realization of expected cash flows (260) (240) Total operating revenue 145 160 Risk management: Changes in MSR asset fair value due to market interest rates and other (a) 268 (22) Other changes in MSR asset fair value due to other inputs and assumptions in model (b) 10 11 Changes in derivative fair value and other (279) (1) Total risk management (1) (12) Total net mortgage servicing revenue 144 148 Total CCB mortgage fees and related income 274 223 All other 1 (2) Mortgage fees and related income $ 275 $ 221 (a) Represents both the impact of changes in estimated future prepayments due to changes in market interest rates, and the difference between actual and expected prepayments. (b) Represents the aggregate impact of changes in model inputs and assumptions such as projected cash flows (e.g., cost to service), discount rates and changes in prepayments other than those attributable to changes in market interest rates (e.g., changes in prepayments due to changes in home prices).
Key economic assumptions used to determine FV of MSRs	The table below outlines the key economic assumptions used to determine the fair value of the Firm’s MSRs at March 31, 2024 and December 31, 2023, and outlines the sensitivities of those fair values to immediate adverse changes in those assumptions, as defined below. (in millions, except rates) Mar 31, Dec 31, Weighted-average prepayment speed assumption (constant prepayment rate) 6.22 % 6.29 % Impact on fair value of 10% adverse change $ (201) $ (206) Impact on fair value of 20% adverse change (391) (401) Weighted-average option adjusted spread (a) 5.99 % 6.10 % Impact on fair value of a 100 basis point adverse change $ (370) $ (369) Impact on fair value of a 200 basis point adverse change (712) (709) (a) Includes the impact of operational risk and regulatory capital.

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Noninterest-bearing and interest-bearing deposits	As of March 31, 2024 and December 31, 2023, noninterest-bearing and interest-bearing deposits were as follows: (in millions) March 31, December 31, 2023 U.S. offices Noninterest-bearing (included $77,571 and $75,393 at fair value) (a) $ 657,651 $ 643,748 Interest-bearing (included $563 and $573 at fair value) (a) 1,311,857 1,303,100 Total deposits in U.S. offices 1,969,508 1,946,848 Non-U.S. offices Noninterest-bearing (included $1,991 and $1,737 at fair value) (a) 24,109 23,097 Interest-bearing (included $453 and $681 at fair value) (a) 434,792 430,743 Total deposits in non-U.S. offices 458,901 453,840 Total deposits $ 2,428,409 $ 2,400,688 (a) Includes structured notes classified as deposits for which the fair value option has been elected. Refer to Note 3 for further discussion.
Time deposits, by maturity	As of March 31, 2024, the remaining maturities of interest-bearing time deposits in each of the 12-month periods ending March 31 were as follows: March 31, U.S. Non-U.S. Total 2025 $ 214,783 $ 86,559 $ 301,342 2026 931 52 983 2027 234 18 252 2028 157 38 195 2029 367 780 1,147 After 5 years 214 55 269 Total $ 216,686 $ 87,502 $ 304,188

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of information related to operating leases	The carrying values of the Firm’s operating leases were as follows: (in millions) March 31, 2024 December 31, 2023 Right-of-use assets $ 8,389 $ 8,431 Lease liabilities 8,763 8,833
Schedule of operating lease income and related depreciation expense	The following table presents the Firm’s operating lease income, included within other income Three months ended March 31, (in millions) 2024 2023 Operating lease income $ 672 $ 755 Depreciation expense 435 419

Preferred Stock (Tables)

Preferred Stock (Tables)	3 Months Ended
	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Schedule of stock by class	The following is a summary of JPMorgan Chase’s non-cumulative preferred stock outstanding as of March 31, 2024 and December 31, 2023, and the quarterly dividend declarations for the three months ended March 31, 2024 and 2023. Shares (a) Carrying value (in millions) Contractual rate in effect at March 31, 2024 Earliest redemption date (b) Floating annualized rate (c) Dividend declared per share March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Issue date Three months ended March 31, 2024 2023 Fixed-rate: Series DD 169,625 169,625 $ 1,696 $ 1,696 9/21/2018 5.750 % 12/1/2023 NA $ 143.75 $ 143.75 Series EE 185,000 185,000 1,850 1,850 1/24/2019 6.000 3/1/2024 NA 150.00 150.00 Series GG 90,000 90,000 900 900 11/7/2019 4.750 12/1/2024 NA 118.75 118.75 Series JJ 150,000 150,000 1,500 1,500 3/17/2021 4.550 6/1/2026 NA 113.75 113.75 Series LL 185,000 185,000 1,850 1,850 5/20/2021 4.625 6/1/2026 NA 115.63 115.63 Series MM 200,000 200,000 2,000 2,000 7/29/2021 4.200 9/1/2026 NA 105.00 105.00 Fixed-to-floating rate: Series Q 150,000 150,000 1,500 1,500 4/23/2013 SOFR + 3.25 5/1/2023 SOFR + 3.25 220.45 128.75 (d) Series R 150,000 150,000 1,500 1,500 7/29/2013 SOFR + 3.30 8/1/2023 SOFR + 3.30 221.70 150.00 (e) Series S 200,000 200,000 2,000 2,000 1/22/2014 SOFR + 3.78 2/1/2024 SOFR + 3.78 233.70 168.75 (f) Series U 100,000 100,000 1,000 1,000 3/10/2014 6.125 4/30/2024 SOFR + 3.33 153.13 153.13 Series X 160,000 160,000 1,600 1,600 9/23/2014 6.100 10/1/2024 SOFR + 3.33 152.50 152.50 Series CC 125,750 125,750 1,258 1,258 10/20/2017 SOFR + 2.58 11/1/2022 SOFR + 2.58 203.70 182.79 Series FF 225,000 225,000 2,250 2,250 7/31/2019 5.000 8/1/2024 SOFR + 3.38 125.00 125.00 Series HH 300,000 300,000 3,000 3,000 1/23/2020 4.600 2/1/2025 SOFR + 3.125 115.00 115.00 Series II 150,000 150,000 1,500 1,500 2/24/2020 4.000 4/1/2025 SOFR + 2.745 100.00 100.00 Series KK 200,000 200,000 2,000 2,000 5/12/2021 3.650 6/1/2026 CMT + 2.85 91.25 91.25 Series NN 250,000 NA 2,496 NA 3/12/2024 6.875 6/1/2029 CMT + 2.737 — NA (g) Total preferred stock 2,990,375 2,740,375 $ 29,900 $ 27,404 (a) Represented by depositary shares. (b) Each series of fixed-to-floating rate preferred stock converts to a floating rate at the earliest redemption date. (c) Effective June 30, 2023, CME Term SOFR became the replacement reference rate for fixed-to-floating rate preferred stock issued by the Firm that formerly referenced U.S. dollar LIBOR. References in the table to “SOFR” mean a floating annualized rate equal to three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spreads noted. The reference to “CMT” means a floating annualized rate equal to the five-year Constant Maturity Treasury (“CMT”) rate plus the spread noted. (d) The dividend rate for Series Q preferred stock became floating and payable quarterly starting on May 1, 2023; prior to which the dividend rate was fixed at 5.15% or $257.50 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.25%. (e) The dividend rate for Series R preferred stock became floating and payable quarterly starting on August 1, 2023; prior to which the dividend rate was fixed at 6.00% or $300.00 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.30%. (f) The dividend rate for Series S preferred stock became floating and payable quarterly starting on February 1, 2024; prior to which the dividend rate was fixed at 6.75% or $337.50 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on February 1, 2024 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.78%. (g) As of March 31, 2024, no dividends had been declared on the Series NN preferred stock since the original issue date of March 12, 2024.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of earnings per share basic and diluted	The following table presents the calculation of basic and diluted EPS for the three months ended March 31, 2024 and 2023. (in millions, except per share amounts) Three months ended March 31, 2024 2023 Basic earnings per share Net income $ 13,419 $ 12,622 Less: Preferred stock dividends 397 356 Net income applicable to common equity 13,022 12,266 Less: Dividends and undistributed earnings allocated to participating securities 80 73 Net income applicable to common stockholders $ 12,942 $ 12,193 Total weighted-average basic shares outstanding 2,908.3 2,968.5 Net income per share $ 4.45 $ 4.11 Diluted earnings per share Net income applicable to common stockholders $ 12,942 $ 12,193 Total weighted-average basic shares outstanding 2,908.3 2,968.5 Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs 4.5 4.2 Total weighted-average diluted shares outstanding 2,912.8 2,972.7 Net income per share $ 4.44 $ 4.10

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income/(Loss) (Tables)	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income/(loss)	AOCI includes the after-tax change in unrealized gains and losses on investment securities, foreign currency translation adjustments (including the impact of related derivatives), fair value changes of excluded components on fair value hedges, cash flow hedging activities, net gain/(loss) related to the Firm’s defined benefit pension and OPEB plans, and fair value option-elected liabilities arising from changes in the Firm’s own credit risk (DVA). As of or for the three months ended Unrealized Translation adjustments, net of hedges Fair value hedges Cash flow hedges Defined benefit DVA on fair value option elected liabilities Accumulated other comprehensive income/(loss) Balance at January 1, 2024 $ (3,743) $ (1,216) $ (134) $ (3,932) $ (1,078) $ (340) $ (10,443) Net change 141 (204) (21) (889) 26 (249) (1,196) Balance at March 31, 2024 $ (3,602) (a) $ (1,420) $ (155) $ (4,821) $ (1,052) $ (589) $ (11,639) As of or for the three months ended Unrealized Translation adjustments, net of hedges Fair value hedges Cash flow hedges Defined benefit pension and DVA on fair value option elected liabilities Accumulated other comprehensive income/(loss) Balance at January 1, 2023 $ (9,124) $ (1,545) $ (33) $ (5,656) $ (1,451) $ 468 $ (17,341) Net change 2,212 197 (21) 798 (55) (208) 2,923 Balance at March 31, 2023 $ (6,912) (a) $ (1,348) $ (54) $ (4,858) $ (1,506) $ 260 $ (14,418) (a) As of March 31, 2024 and 2023 included after-tax net unamortized unrealized gains/(losses) of $(824) million and $(1.3) billion related to AFS securities that have been transferred to HTM, respectively. As of March 31, 2023 included after-tax net unamortized unrealized gains/(losses) of $(29) million related to HTM securities that have been transferred to AFS as permitted by the new hedge accounting guidance adopted on January 1, 2023. Refer to Note 9 for further information.
Changes of the components of accumulated other comprehensive income (loss)	The following table presents the pre-tax and after-tax changes in the components of OCI. 2024 2023 Three months ended March 31, Pre-tax Tax effect After-tax Pre-tax Tax effect After-tax Unrealized gains/(losses) on investment securities: Net unrealized gains/(losses) arising during the period $ (181) $ 44 $ (137) $ 2,042 $ (490) $ 1,552 Reclassification adjustment for realized (gains)/losses included in net income (a) 366 (88) 278 868 (208) 660 Net change 185 (44) 141 2,910 (698) 2,212 Translation adjustments (b) : Translation (1,365) 68 (1,297) 973 (41) 932 Hedges 1,442 (349) 1,093 (963) 228 (735) Net change 77 (281) (204) 10 187 197 Fair value hedges, net change (c) (27) 6 (21) (28) 7 (21) Cash flow hedges: Net unrealized gains/(losses) arising during the period (1,762) 426 (1,336) 567 (136) 431 Reclassification adjustment for realized (gains)/losses included in net income (d) 589 (142) 447 483 (116) 367 Net change (1,173) 284 (889) 1,050 (252) 798 Defined benefit pension and OPEB plans, net change 36 (10) 26 (71) 16 (55) DVA on fair value option elected liabilities, net change (327) 78 (249) (274) 66 (208) Total other comprehensive income/(loss) $ (1,229) $ 33 $ (1,196) $ 3,597 $ (674) $ 2,923 (a) The pre-tax amount is reported in Investment securities gains/(losses) in the Consolidated statements of income. (b) Reclassifications of pre-tax realized gains/(losses) on translation adjustments and related hedges are reported in other income/expense in the Consolidated statements of income. There were no sales or liquidations of legal entities that resulted in reclassifications for the three month period ended March 31, 2024. During the three months ended March 31, 2023, the Firm reclassified a net pre-tax loss of $(5) million to other revenue related to the acquisition of CIFM of which $(41) million related to the net investment hedge loss. (c) Represents changes in fair value of cross-currency swaps attributable to changes in cross-currency basis spreads, which are excluded from the assessment of hedge effectiveness and recorded in other comprehensive income. The initial cost of cross-currency basis spreads is recognized in earnings as part of the accrual of interest on the cross-currency swaps. (d) The pre-tax amounts are primarily recorded in noninterest revenue, net interest income and compensation expense in the Consolidated statements of income.

Restricted Cash and Other Res_2

Restricted Cash and Other Restricted Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Cash and Cash Equivalents [Abstract]
Components of restricted cash	The following table presents the components of the Firm’s restricted cash: (in billions) March 31, December 31, 2023 Segregated for the benefit of securities and cleared derivative customers $ 11.8 $ 10.3 Cash reserves at non-U.S. central banks and held for other general purposes 8.6 9.3 Total restricted cash (a) $ 20.4 $ 19.6 (a)

Regulatory Capital (Tables)

Regulatory Capital (Tables)	3 Months Ended
	Mar. 31, 2024
Banking Regulation [Abstract]
Reconciliation of the Firm's regulatory capital, assets and risk-based capital ratios	The following table presents the risk-based regulatory capital ratio requirements and well-capitalized ratios to which the Firm and JPMorgan Chase Bank, N.A. were subject as of March 31, 2024 and December 31, 2023. Standardized capital ratio requirements Advanced Well-capitalized ratios BHC (a)(b) IDI (c) BHC (a)(b) IDI (c) BHC (d) IDI (e) Risk-based capital ratios CET1 capital 11.9 % 7.0 % 11.5 % 7.0 % NA 6.5 % Tier 1 capital 13.4 8.5 13.0 8.5 6.0 % 8.0 Total capital 15.4 10.5 15.0 10.5 10.0 10.0 Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and JPMorgan Chase Bank, N.A. are subject. (a) Represents the regulatory capital ratio requirements applicable to the Firm. The CET1, Tier 1 and Total capital ratio requirements each include a respective minimum requirement plus a GSIB surcharge of 4.5% as calculated under Method 2; plus a 2.9% SCB for Basel III Standardized ratios and a fixed 2.5% capital conservation buffer for Basel III Advanced ratios. The countercyclical buffer is currently set to 0% by the federal banking agencies. (b) For the period ended December 31, 2023, the CET1, Tier 1, and Total capital ratio requirements under Basel III Standardized applicable to the Firm were 11.4%, 12.9%, and 14.9%, respectively; the Basel III Advanced CET1, Tier 1, and Total capital ratio requirements applicable to the Firm were 11.0%, 12.5%, and 14.5%, respectively. (c) Represents requirements for JPMorgan Chase Bank, N.A. The CET1, Tier 1 and Total capital ratio requirements include a fixed capital conservation buffer requirement of 2.5% that is applicable to JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is not subject to the GSIB surcharge. (d) Represents requirements for bank holding companies pursuant to regulations issued by the Federal Reserve. (e) Represents requirements for JPMorgan Chase Bank, N.A. pursuant to regulations issued under the FDIC Improvement Act. The following table presents the leverage-based regulatory capital ratio requirements and well-capitalized ratios to which the Firm and JPMorgan Chase Bank, N.A. were subject as of March 31, 2024 and December 31, 2023. Capital ratio requirements (a) Well-capitalized ratios BHC IDI BHC (b) IDI Leverage-based capital ratios Tier 1 leverage 4.0 % 4.0 % NA 5.0 % SLR 5.0 6.0 NA 6.0 Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and JPMorgan Chase Bank, N.A. are subject. (a) Represents minimum SLR requirement of 3.0%, as well as supplementary leverage buffer requirements of 2.0% and 3.0% for BHC and JPMorgan Chase Bank, N.A., respectively. (b) The Federal Reserve's regulations do not establish well-capitalized thresholds for these measures for BHCs. The following tables present risk-based capital metrics under both the Basel III Standardized and Basel III Advanced approaches and leverage-based capital metrics for JPMorgan Chase and JPMorgan Chase Bank, N.A. As of March 31, 2024 and December 31, 2023, JPMorgan Chase and JPMorgan Chase Bank, N.A. were well-capitalized and met all capital requirements to which each was subject. March 31, 2024 Basel III Standardized Basel III Advanced JPMorgan JPMorgan JPMorgan JPMorgan Risk-based capital metrics: (a) CET1 capital $ 257,569 $ 268,040 $ 257,569 $ 268,040 Tier 1 capital 280,771 (b) 268,043 280,771 (b) 268,043 Total capital 312,149 (b) 287,922 298,766 (b)(c) 274,549 (c) Risk-weighted assets 1,712,081 1,673,297 1,681,317 (c) 1,540,501 (c) CET1 capital ratio 15.0 % 16.0 % 15.3 % 17.4 % Tier 1 capital ratio 16.4 16.0 16.7 17.4 Total capital ratio 18.2 17.2 17.8 17.8 December 31, 2023 Basel III Standardized Basel III Advanced JPMorgan Chase & Co. JPMorgan Chase Bank, N.A. JPMorgan Chase & Co. JPMorgan Chase Bank, N.A. Risk-based capital metrics: (a) CET1 capital $ 250,585 $ 262,030 $ 250,585 $ 262,030 Tier 1 capital 277,306 262,032 277,306 262,032 Total capital 308,497 281,308 295,417 (c) 268,392 (c) Risk-weighted assets 1,671,995 1,621,789 1,669,156 (c) 1,526,952 (c) CET1 capital ratio 15.0 % 16.2 % 15.0 % 17.2 % Tier 1 capital ratio 16.6 16.2 16.6 17.2 Total capital ratio 18.5 17.3 17.7 17.6 (a) The capital metrics reflect the CECL capital transition provisions. (b) As of March 31, 2024, for capital purposes, excluded $6.0 billion of preferred stock for which notices of redemption were issued during the first quarter and which were redeemed in the second quarter. Refer to Note 17 for additional information. (c) Includes the impacts of certain assets associated with First Republic to which the Standardized approach has been applied as permitted by the transition provisions in the U.S. capital rules. Three months ended March 31, 2024 December 31, 2023 JPMorgan JPMorgan JPMorgan JPMorgan Leverage-based capital metrics: (a) Adjusted average assets (b) $ 3,913,677 $ 3,372,219 $ 3,831,200 $ 3,337,842 Tier 1 leverage ratio 7.2 % 7.9 % 7.2 % 7.9 % Total leverage exposure $ 4,634,634 $ 4,088,591 $ 4,540,465 $ 4,038,739 SLR 6.1 % 6.6 % 6.1 % 6.5 % (a) The capital metrics reflect the CECL capital transition provisions. (b) Adjusted average assets, for purposes of calculating the leverage ratios, includes quarterly average assets adjusted for on-balance sheet assets that are subject to deduction from Tier 1 capital, predominantly goodwill, inclusive of estimated equity method goodwill, and other intangible assets.

Off-balance Sheet Lending-rel_2

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)	3 Months Ended
	Mar. 31, 2024
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Off-balance sheet lending related financial instruments, guarantees and other commitments	The following table summarizes the contractual amounts and carrying values of off-balance sheet lending-related financial instruments, guarantees and other commitments at March 31, 2024 and December 31, 2023. The amounts in the table below for credit card, home equity and certain scored business banking lending-related commitments represent the total available credit for these products. The Firm has not experienced, and does not anticipate, that all available lines of credit for these products will be utilized at the same time. The Firm can reduce or cancel credit card and certain scored business banking lines of credit by providing the borrower notice or, in some cases as permitted by law, without notice. In addition, the Firm typically closes credit card lines when the borrower is 60 days or more past due. The Firm may reduce or close HELOCs when there are significant decreases in the value of the underlying property, or when there has been a demonstrable decline in the creditworthiness of the borrower. Off–balance sheet lending-related financial instruments, guarantees and other commitments Contractual amount Carrying value (h)(i) March 31, 2024 Dec 31, Mar 31, Dec 31, By remaining maturity Expires in 1 year or less Expires after Expires after Expires after 5 years Total Total Lending-related Consumer, excluding credit card: Residential Real Estate (a) $ 9,161 $ 7,387 $ 6,048 $ 9,315 $ 31,911 $ 30,125 $ 674 (j) $ 678 (j) Auto and other 11,416 134 — 3,199 14,749 15,278 104 (j) 148 (j) Total consumer, excluding credit card 20,577 7,521 6,048 12,514 46,660 45,403 778 826 Credit card (b) 943,935 — — — 943,935 915,658 — — Total consumer (c) 964,512 7,521 6,048 12,514 990,595 961,061 778 826 Wholesale: Other unfunded commitments to extend credit (d) 119,474 184,303 172,614 23,738 500,129 503,526 2,638 (j) 2,797 (j) Standby letters of credit and other financial guarantees (d) 14,536 9,382 3,792 607 28,317 28,872 413 479 Other letters of credit (d) 3,641 279 47 101 4,068 4,388 37 37 Total wholesale (c) 137,651 193,964 176,453 24,446 532,514 536,786 3,088 3,313 Total lending-related $ 1,102,163 $ 201,485 $ 182,501 $ 36,960 $ 1,523,109 $ 1,497,847 $ 3,866 $ 4,139 Other guarantees and commitments Securities lending indemnification agreements and guarantees (e) $ 317,054 $ — $ — $ — $ 317,054 $ 283,664 $ — $ — Derivatives qualifying as guarantees 3,804 47 11,179 40,878 55,908 54,562 98 89 Unsettled resale and securities borrowed agreements 141,196 302 — — 141,498 95,106 1 — Unsettled repurchase and securities loaned agreements 99,305 541 — — 99,846 60,724 — — Loan sale and securitization-related indemnifications: Mortgage repurchase liability NA NA NA NA NA NA 60 76 Loans sold with recourse NA NA NA NA 834 803 23 24 Exchange & clearing house guarantees and commitments (f) 128,408 — — — 128,408 265,887 — — Other guarantees and commitments (g) 9,806 869 49 1,084 11,808 15,074 31 38 (a) Includes certain commitments to purchase loans from correspondents. (b) Also includes commercial card lending-related commitments primarily in CB and CIB. (c) Predominantly all consumer and wholesale lending-related commitments are in the U.S. (d) As of March 31, 2024 and December 31, 2023, reflected the contractual amount net of risk participations totaling $82 million and $88 million, respectively, for other unfunded commitments to extend credit; $8.1 billion and $8.2 billion, respectively, for standby letters of credit and other financial guarantees; $490 million and $589 million, respectively, for other letters of credit. In regulatory filings with the Federal Reserve these commitments are shown gross of risk participations. (e) As of March 31, 2024 and December 31, 2023, collateral held by the Firm in support of securities lending indemnification agreements was $335.4 billion and $300.3 billion, respectively. Securities lending collateral primarily consists of cash, G7 government securities, and securities issued by U.S. GSEs and government agencies. (f) As of March 31, 2024 and December 31, 2023, includes guarantees to the Fixed Income Clearing Corporation under the sponsored member repo program and commitments and guarantees associated with the Firm’s membership in certain clearing houses. (g) As of March 31, 2024 and December 31, 2023, primarily includes unfunded commitments to purchase secondary market loans, other equity investment commitments, and unfunded commitments related to certain tax-oriented equity investments, and reflects the impact of adopting updates to the Accounting for Investments in Tax Credit Structures guidance effective January 1, 2024. (h) For lending-related products, the carrying value includes the allowance for lending-related commitments and the guarantee liability; for derivative-related products, and lending-related commitments for which the fair value option was elected, the carrying value represents the fair value. (i) For lending-related commitments, the carrying value also includes fees and any purchase discounts or premiums that are deferred and recognized in accounts payable and other liabilities on the Consolidated balance sheets. Deferred amounts for revolving commitments and commitments not expected to fund, are amortized to lending- and deposit-related fees on a straight line basis over the commitment period. For all other commitments the deferred amounts remain deferred until the commitment funds or is sold. (j) As of March 31, 2024 and December 31, 2023, includes fair value adjustments associated with First Republic for residential real estate lending-related commitments totaling $596 million and $630 million, respectively, for auto and other lending-related commitments totaling $104 million and $148 million, respectively, and for other unfunded commitments to extend credit totaling $935 million and $1.1 billion, respectively. Refer to Note 26 for additional information.
Standby letters of credit, other financial guarantees and other letters of credit	The following table summarizes the contractual amount and carrying value of standby letters of credit and other financial guarantees and other letters of credit arrangements as of March 31, 2024 and December 31, 2023. Standby letters of credit, other financial guarantees and other letters of credit March 31, 2024 December 31, 2023 (in millions) Standby letters of Other letters Standby letters of Other letters Investment-grade (a) $ 19,736 $ 3,122 $ 19,694 $ 3,552 Noninvestment-grade (a) 8,581 946 9,178 836 Total contractual amount $ 28,317 $ 4,068 $ 28,872 $ 4,388 Allowance for lending-related commitments $ 87 $ 37 $ 110 $ 37 Guarantee liability 326 — 369 — Total carrying value $ 413 $ 37 $ 479 $ 37 Commitments with collateral $ 16,213 $ 475 $ 16,861 $ 539 (a) The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 11 for further information on internal risk ratings.
Derivatives qualifying as guarantees	The following table summarizes the derivatives qualifying as guarantees as of March 31, 2024 and December 31, 2023. (in millions) March 31, 2024 December 31, 2023 Notional amounts Derivative guarantees $ 55,908 $ 54,562 Stable value contracts with contractually limited exposure 33,347 32,488 Maximum exposure of stable value contracts with contractually limited exposure 1,826 1,652 Fair value Derivative payables 98 89

Pledged Assets and Collateral (

Pledged Assets and Collateral (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of pledged assets	The following table presents the Firm’s pledged assets. (in billions) March 31, 2024 December 31, 2023 Assets that may be sold or repledged or otherwise used by secured parties $ 200.8 $ 145.0 Assets that may not be sold or repledged or otherwise used by secured parties (a) 273.7 244.2 Assets pledged at Federal Reserve banks and FHLBs 671.0 675.6 Total pledged assets $ 1,145.5 $ 1,064.8
Schedule of collateral received	The following table presents the fair value of collateral accepted. (in billions) March 31, 2024 December 31, 2023 Collateral permitted to be sold or repledged, delivered, or otherwise used $ 1,444.8 $ 1,303.9 Collateral sold, repledged, delivered or otherwise used 1,113.5 982.8

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment results and reconciliation	The following table provides a summary of the Firm’s segment results as of or for the three months ended March 31, 2024 and 2023, on a managed basis. The Firm’s definition of managed basis starts with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm (and each of the reportable business segments) on an FTE basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. Refer to Note 32 of JPMorgan Chase’s 2023 Form 10-K for additional information on the Firm’s managed basis. Capital allocation The amount of capital assigned to each business segment is referred to as equity. At least annually, the assumptions, judgments and methodologies used to allocate capital are reassessed and, as a result, the capital allocated to the LOBs may change. Refer to Note 32 of JPMorgan Chase’s 2023 Form 10-K for additional information on capital allocation. Segment results and reconciliation (a) As of or for the three months Consumer & Corporate & Investment Bank Commercial Banking Asset & Wealth Management 2024 2023 2024 2023 2024 2023 2024 2023 Noninterest revenue $ 3,945 $ 3,623 $ 11,236 $ 11,523 $ 925 $ 781 $ 3,514 $ 3,333 Net interest income 13,708 12,833 2,397 2,077 3,026 2,730 1,595 1,451 Total net revenue 17,653 16,456 13,633 13,600 3,951 3,511 5,109 4,784 Provision for credit losses 1,913 1,402 32 58 (31) 417 (57) 28 Noninterest expense 9,297 8,065 7,218 7,483 1,506 1,308 3,460 3,091 Income/(loss) before income tax expense/(benefit) 6,443 6,989 6,383 6,059 2,476 1,786 1,706 1,665 Income tax expense/(benefit) 1,612 1,746 1,630 1,638 607 439 416 298 Net income/(loss) $ 4,831 $ 5,243 $ 4,753 $ 4,421 $ 1,869 $ 1,347 $ 1,290 $ 1,367 Average equity $ 54,500 $ 52,000 $ 102,000 $ 108,000 $ 30,000 $ 28,500 $ 15,500 $ 16,000 Total assets 629,122 506,382 1,594,901 1,436,237 303,350 261,181 240,555 232,516 ROE 35 % 40 % 18 % 16 % 24 % 18 % 33 % 34 % Overhead ratio 53 49 53 55 38 37 68 65 As of or for the three months Corporate Reconciling Items (a) Total 2024 2023 2024 2023 2024 2023 Noninterest revenue $ (275) $ (755) $ (493) $ (867) $ 18,852 $ 17,638 Net interest income 2,477 1,740 (121) (120) 23,082 20,711 Total net revenue 2,202 985 (614) (987) 41,934 38,349 Provision for credit losses 27 370 — — 1,884 2,275 Noninterest expense 1,276 160 — — 22,757 20,107 Income/(loss) before income tax expense/(benefit) 899 455 (614) (987) 17,293 15,967 Income tax expense/(benefit) 223 211 (614) (987) 3,874 3,345 Net income/(loss) $ 676 $ 244 $ — $ — $ 13,419 $ 12,622 Average equity $ 98,277 $ 66,697 $ — $ — $ 300,277 $ 271,197 Total assets 1,322,799 1,307,989 NA NA 4,090,727 3,744,305 ROE NM NM NM NM 17 % 18 % Overhead ratio NM NM NM NM 54 52 (a) Segment managed results reflect revenue on an FTE basis with the corresponding income tax impact recorded within income tax expense/(benefit). These adjustments are eliminated in reconciling items to arrive at the Firm’s reported U.S. GAAP results.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Computation of purchase price and fair value of the assets acquired net of liabilities assumed	The computation of the purchase price, the estimated fair values of the assets acquired and liabilities assumed as part of the First Republic acquisition and the related estimated bargain purchase gain are presented below, and reflects adjustments made through March 31, 2024 to the acquisition-date fair value of the net assets acquired. Fair value purchase (in millions) Purchase price consideration Amounts paid/due to the FDIC, net of cash acquired (a) $ 13,566 Purchase Money Note (at fair value) (b) 48,848 Settlement of First Republic deposit and other related party transactions (c) 5,447 Contingent consideration - Shared-loss agreements 15 Purchase price consideration $ 67,876 Assets Securities $ 30,285 Loans 153,242 Core deposit and customer relationship intangibles 1,455 Indemnification assets - Shared-loss agreements 675 Accounts receivable and other assets (d) 6,595 Total assets acquired $ 192,252 Liabilities Deposits $ 87,572 FHLB advances 27,919 Lending-related commitments 2,614 Accounts payable and other liabilities (d) 2,793 Deferred tax liabilities 719 Total liabilities assumed $ 121,617 Fair value of net assets acquired $ 70,635 Estimated gain on acquisition, after income taxes $ 2,759 (a) Includes $10.6 billion of cash paid to the FDIC at acquisition and $3.6 billion payable to the FDIC, less cash acquired of $680 million. (b) As part of the consideration paid, JPMorgan Chase issued a five-year, $50 billion secured note to the FDIC (the "Purchase Money Note"). (c) Includes $447 million of securities financing transactions with First Republic Bank that were effectively settled on the acquisition date. (d) The following table presents the unpaid principal balance ("UPB") and estimated fair values of the loans acquired as of May 1, 2023, and reflects adjustments made through March 31, 2024 to the acquisition-date fair value of the loans acquired. May 1, 2023 (in millions) UPB Fair value Residential real estate $ 106,240 $ 92,053 Auto and other 3,093 2,030 Total consumer 109,333 94,083 Secured by real estate 37,117 33,602 Commercial & industrial 4,332 3,932 Other 23,499 21,625 Total wholesale 64,948 59,159 Total loans $ 174,281 $ 153,242
Unaudited pro forma information	The following table presents certain unaudited pro forma financial information for the three months ended March 31, 2023 as if the First Republic acquisition had occurred on January 1, 2022, including recognition of the estimated bargain purchase gain of $2.8 billion and the provision for credit losses of $1.2 billion. Additional adjustments include the interest on the Purchase Money Note and the impact of amortizing and accreting certain estimated fair value adjustments related to intangible assets, loans and lending-related commitments. The Firm expects to achieve operating cost savings and other business synergies resulting from the acquisition that are not reflected in the pro forma amounts. The pro forma information is not necessarily indicative of the historical results of operations had the acquisition occurred on January 1, 2022, nor is it indicative of the results of operations in future periods. For the three months ended March 31, 2023 (in millions) Noninterest revenue $ 17,899 Net interest income 21,909 Net income 13,168

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings	$ (336,637)	$ (303,082)	$ (327,878)
Increase to income tax expense	$ 3,874	3,345
Percentage increase in effective tax rate due to accounting standard adopted	2%
Retained earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings	$ (342,414)	$ (306,208)	(332,901)	$ (296,456)
Cumulative effect of change in accounting principles
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase to income tax expense	$ 450
Cumulative effect of change in accounting principles | Retained earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to retained earnings			$ 161	$ (449)

Fair Value Measurement - Recurr

Fair Value Measurement - Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	$ 533,898	$ 539,248
Derivative netting adjustments	(477,277)	(484,384)
Total derivative receivables	56,621	54,864
Trading assets	754,409	540,607
Available-for-sale securities	236,152	201,704
Loans	39,046	38,851
Mortgage servicing rights	8,605	8,522	$ 7,755	$ 7,973
Gross derivative payables	530,083	546,972
Derivative netting adjustments	(494,080)	(506,125)
Total derivative payables	36,003	40,847
Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	238,002	250,691
Derivative netting adjustments	(212,474)	(224,367)
Total derivative receivables	25,528	26,324
Gross derivative payables	226,684	240,482
Derivative netting adjustments	(214,678)	(228,586)
Total derivative payables	12,006	11,896
Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	10,730	9,654
Derivative netting adjustments	(9,999)	(9,103)
Total derivative receivables	731	551
Gross derivative payables	12,740	12,038
Derivative netting adjustments	(11,590)	(10,949)
Total derivative payables	1,150	1,089
Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	183,868	205,775
Derivative netting adjustments	(165,780)	(187,756)
Total derivative receivables	18,088	18,019
Gross derivative payables	181,103	212,263
Derivative netting adjustments	(171,096)	(199,643)
Total derivative payables	10,007	12,620
Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	83,504	57,689
Derivative netting adjustments	(76,459)	(52,761)
Total derivative receivables	7,045	4,928
Gross derivative payables	90,677	65,811
Derivative netting adjustments	(84,110)	(56,443)
Total derivative payables	6,567	9,368
Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	17,794	15,439
Derivative netting adjustments	(12,565)	(10,397)
Total derivative receivables	5,229	5,042
Gross derivative payables	18,879	16,378
Derivative netting adjustments	(12,606)	(10,504)
Total derivative payables	6,273	5,874
Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	76,857	91,612
Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	2,659	2,803
U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	110,776	57,805
Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	18,811	21,367
Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	19,879	21,282
Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	89	100
Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	9,740
Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	7,164	6,752
Fair Value Measured at Net Asset Value Per Share
Assets and liabilities measured at fair value on a recurring basis
Trading assets	47	42
Fair value assets and liabilities measured on recurring basis - supplemental data
Alternative investments, net asset value, fair value	1,100	1,000
Other assets	1,000	984
Recurring
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	324,418	259,813
Securities borrowed	84,258	70,086
Total debt and equity instruments	697,741	485,701
Derivative netting adjustments	(477,277)	(484,384)
Total derivative receivables	56,621	54,864
Trading assets	754,362	540,565
Available-for-sale securities	236,152	201,704
Loans	39,046	38,851
Mortgage servicing rights	8,605	8,522
Total assets measured at fair value on a recurring basis	1,461,480	1,130,863
Deposits	80,578	78,384
Federal funds purchased and securities loaned or sold under repurchase agreements	264,554	169,003
Short-term borrowings	22,856	20,042
Trading liabilities, debt and equity instruments	192,324	139,581
Derivative netting adjustments	(494,080)	(506,125)
Total derivative payables	36,003	40,847
Trading liabilities	228,327	180,428
Accounts payable and other liabilities	8,917	5,637
Beneficial interests issued by consolidated VIEs	1	1
Long-term debt	92,730	87,924
Total liabilities measured at fair value on a recurring basis	697,963	541,419
Recurring | Interest rate
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(212,474)	(224,367)
Total derivative receivables	25,528	26,324
Derivative netting adjustments	(214,678)	(228,586)
Total derivative payables	12,006	11,896
Recurring | Credit
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(9,999)	(9,103)
Total derivative receivables	731	551
Derivative netting adjustments	(11,590)	(10,949)
Total derivative payables	1,150	1,089
Recurring | Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(165,780)	(187,756)
Total derivative receivables	18,088	18,019
Derivative netting adjustments	(171,096)	(199,643)
Total derivative payables	10,007	12,620
Recurring | Equity
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(76,459)	(52,761)
Total derivative receivables	7,045	4,928
Derivative netting adjustments	(84,110)	(56,443)
Total derivative payables	6,567	9,368
Recurring | Commodity
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(12,565)	(10,397)
Total derivative receivables	5,229	5,042
Derivative netting adjustments	(12,606)	(10,504)
Total derivative payables	6,273	5,874
Recurring | Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	14,639	11,322
Fair value assets and liabilities measured on recurring basis - supplemental data
Other assets	15,645	12,306
Recurring | Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	461,799	353,198
Recurring | Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	103,003	77,898
Available-for-sale securities	76,857	91,612
Recurring | Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	100,021	74,598
Available-for-sale securities	71,237	85,170
Recurring | Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	1,881	1,926
Available-for-sale securities	2,961	3,639
Recurring | Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	1,101	1,374
Available-for-sale securities	2,659	2,803
Recurring | U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	195,186	143,995
Available-for-sale securities	110,776	57,805
Recurring | Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	5,788	5,868
Available-for-sale securities	18,811	21,367
Recurring | Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	3,626	756
Recurring | Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	103,673	80,582
Available-for-sale securities	19,879	21,282
Recurring | Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	38,495	33,338
Available-for-sale securities	89	100
Recurring | Loans
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	9,327	8,556
Recurring | Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,701	2,205
Recurring | Equity securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	215,881	108,732
Recurring | Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,609	5,791
Recurring | Other
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	17,452	17,980
Recurring | Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	7,164	6,752
Recurring | Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	2,576	2,786
Recurring | U.S. GSE obligations
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	103,800	78,500
Recurring | Residential mortgage
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	10,200	10,200
Recurring | Commercial mortgage
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	6,000	6,000
Recurring | Residential conforming mortgage intended for sale to U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	3,400	2,900
Recurring | Level 1
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	0	0
Securities borrowed	0	0
Total debt and equity instruments	434,180	269,248
Gross derivative receivables	1,440	2,964
Trading assets	435,620	272,212
Available-for-sale securities	123,115	70,778
Loans	0	0
Mortgage servicing rights	0	0
Total assets measured at fair value on a recurring basis	568,507	349,625
Deposits	0	0
Federal funds purchased and securities loaned or sold under repurchase agreements	0	0
Short-term borrowings	0	0
Trading liabilities, debt and equity instruments	157,774	107,292
Gross derivative payables	1,743	4,556
Trading liabilities	159,517	111,848
Accounts payable and other liabilities	7,076	3,968
Beneficial interests issued by consolidated VIEs	0	0
Long-term debt	0	0
Total liabilities measured at fair value on a recurring basis	166,593	115,816
Recurring | Level 1 | Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	1,287	2,815
Gross derivative payables	1,588	4,409
Recurring | Level 1 | Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	0	0
Gross derivative payables	0	0
Recurring | Level 1 | Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	153	149
Gross derivative payables	155	147
Recurring | Level 1 | Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	0	0
Gross derivative payables	0	0
Recurring | Level 1 | Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	0	0
Gross derivative payables	0	0
Recurring | Level 1 | Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	9,772	6,635
Recurring | Level 1 | Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	217,377	158,843
Recurring | Level 1 | Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Available-for-sale securities	10	0
Recurring | Level 1 | Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Available-for-sale securities	10	0
Recurring | Level 1 | Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Available-for-sale securities	0	0
Recurring | Level 1 | Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Available-for-sale securities	0	0
Recurring | Level 1 | U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	184,768	133,997
Available-for-sale securities	110,642	57,683
Recurring | Level 1 | Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Available-for-sale securities	0	0
Recurring | Level 1 | Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Recurring | Level 1 | Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	32,609	24,846
Available-for-sale securities	12,463	13,095
Recurring | Level 1 | Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Available-for-sale securities	0	0
Recurring | Level 1 | Loans
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Recurring | Level 1 | Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Recurring | Level 1 | Equity securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	215,191	107,926
Recurring | Level 1 | Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	1,612	2,479
Recurring | Level 1 | Other
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Recurring | Level 1 | Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring | Level 1 | Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring | Level 2
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	324,418	259,813
Securities borrowed	84,258	70,086
Total debt and equity instruments	261,205	214,080
Gross derivative receivables	522,402	527,360
Trading assets	783,607	741,440
Available-for-sale securities	113,037	130,926
Loans	36,145	35,772
Mortgage servicing rights	0	0
Total assets measured at fair value on a recurring basis	1,345,521	1,241,966
Deposits	78,523	76,551
Federal funds purchased and securities loaned or sold under repurchase agreements	264,554	169,003
Short-term borrowings	20,650	18,284
Trading liabilities, debt and equity instruments	34,513	32,252
Gross derivative payables	516,084	531,640
Trading liabilities	550,597	563,892
Accounts payable and other liabilities	1,793	1,617
Beneficial interests issued by consolidated VIEs	1	1
Long-term debt	64,052	60,198
Total liabilities measured at fair value on a recurring basis	980,170	889,546
Recurring | Level 2 | Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	231,904	243,578
Gross derivative payables	221,085	232,277
Recurring | Level 2 | Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	9,518	8,644
Gross derivative payables	11,788	11,293
Recurring | Level 2 | Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	182,868	204,737
Gross derivative payables	180,125	211,289
Recurring | Level 2 | Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	80,591	55,167
Gross derivative payables	84,983	60,887
Recurring | Level 2 | Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	17,521	15,234
Gross derivative payables	18,103	15,894
Recurring | Level 2 | Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	4,056	3,929
Recurring | Level 2 | Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	242,378	192,217
Recurring | Level 2 | Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	102,254	77,123
Available-for-sale securities	76,847	91,612
Recurring | Level 2 | Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	99,292	73,840
Available-for-sale securities	71,227	85,170
Recurring | Level 2 | Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	1,873	1,921
Available-for-sale securities	2,961	3,639
Recurring | Level 2 | Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	1,089	1,362
Available-for-sale securities	2,659	2,803
Recurring | Level 2 | U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	10,418	9,998
Available-for-sale securities	134	122
Recurring | Level 2 | Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	5,781	5,858
Available-for-sale securities	18,811	21,367
Recurring | Level 2 | Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	3,626	756
Recurring | Level 2 | Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	70,891	55,557
Available-for-sale securities	7,416	8,187
Recurring | Level 2 | Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	37,925	32,854
Available-for-sale securities	89	100
Recurring | Level 2 | Loans
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	8,796	7,872
Recurring | Level 2 | Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,687	2,199
Recurring | Level 2 | Equity securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	487	679
Recurring | Level 2 | Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	995	3,305
Recurring | Level 2 | Other
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	17,345	17,879
Recurring | Level 2 | Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	7,164	6,752
Recurring | Level 2 | Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	2,576	2,786
Recurring | Level 3
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	0	0
Securities borrowed	0	0
Total debt and equity instruments	2,356	2,373
Gross derivative receivables	10,056	8,924
Trading assets	12,412	11,297
Available-for-sale securities	0	0
Loans	2,901	3,079
Mortgage servicing rights	8,605	8,522
Total assets measured at fair value on a recurring basis	24,729	23,656
Deposits	2,055	1,833
Federal funds purchased and securities loaned or sold under repurchase agreements	0	0
Short-term borrowings	2,206	1,758
Trading liabilities, debt and equity instruments	37	37
Gross derivative payables	12,256	10,776
Trading liabilities	12,293	10,813
Accounts payable and other liabilities	48	52
Beneficial interests issued by consolidated VIEs	0	0
Long-term debt	28,678	27,726
Total liabilities measured at fair value on a recurring basis	45,280	42,182
Recurring | Level 3 | Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	4,811	4,298
Gross derivative payables	4,011	3,796
Recurring | Level 3 | Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	1,212	1,010
Gross derivative payables	952	745
Recurring | Level 3 | Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	847	889
Gross derivative payables	823	827
Recurring | Level 3 | Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	2,913	2,522
Gross derivative payables	5,694	4,924
Recurring | Level 3 | Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	273	205
Gross derivative payables	776	484
Recurring | Level 3 | Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	811	758
Recurring | Level 3 | Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,044	2,138
Recurring | Level 3 | Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	749	775
Available-for-sale securities	0	0
Recurring | Level 3 | Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	729	758
Available-for-sale securities	0	0
Recurring | Level 3 | Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	8	5
Available-for-sale securities	0	0
Recurring | Level 3 | Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	12	12
Available-for-sale securities	0	0
Recurring | Level 3 | U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Available-for-sale securities	0	0
Recurring | Level 3 | Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	7	10
Available-for-sale securities	0	0
Recurring | Level 3 | Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0	0
Recurring | Level 3 | Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	173	179
Available-for-sale securities	0	0
Recurring | Level 3 | Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	570	484
Available-for-sale securities	0	0
Recurring | Level 3 | Loans
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	531	684
Recurring | Level 3 | Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	14	6
Recurring | Level 3 | Equity securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	203	127
Recurring | Level 3 | Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2	7
Recurring | Level 3 | Other
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	107	101
Recurring | Level 3 | Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	0	0
Recurring | Level 3 | Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	$ 0	$ 0

Fair Value Measurement - Level

Fair Value Measurement - Level 3 Inputs (Details) $ in Millions	Mar. 31, 2024 USD ($) $ / shares $ / bbl $ / MMBTU	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	$ 39,046	$ 38,851
MSRs	8,605	8,522	$ 7,755	$ 7,973
Equity securities for which quoted prices are not readily available	$ 4,467	4,500	$ 3,910
Assumed par value for price input (in dollars per share) | $ / shares	$ 100
Level 3 | Yield | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.05
Level 3 | Yield | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.20
Level 3 | Yield | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.12
Level 3 | Loss severity | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0
Level 3 | Loss severity | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	1
Level 3 | Loss severity | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.50
Level 3 | Interest rate volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.0025
Level 3 | Interest rate volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.0420
Level 3 | Interest rate volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.0116
Level 3 | Bermudan switch value | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0
Level 3 | Bermudan switch value | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.52
Level 3 | Bermudan switch value | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.20
Level 3 | Interest rate correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.82)
Level 3 | Interest rate correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.90
Level 3 | Interest rate correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.19
Level 3 | IR-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.35)
Level 3 | IR-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.60
Level 3 | IR-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.04
Level 3 | Credit correlation | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.24
Level 3 | Credit correlation | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.68
Level 3 | Credit correlation | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.46
Level 3 | Credit spread | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.0001
Level 3 | Credit spread | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.2501
Level 3 | Credit spread | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.0080
Level 3 | Recovery rate | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.20
Level 3 | Recovery rate | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.60
Level 3 | Recovery rate | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.39
Level 3 | Equity volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.01
Level 3 | Equity volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	1.34
Level 3 | Equity volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.26
Level 3 | Equity correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.01
Level 3 | Equity correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	1
Level 3 | Equity correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.57
Level 3 | Equity-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.88)
Level 3 | Equity-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.65
Level 3 | Equity-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.31)
Level 3 | Equity-IR correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.40)
Level 3 | Equity-IR correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.25
Level 3 | Equity-IR correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.03
Level 3 | Residential mortgage-backed securities and loans | Yield | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0
Level 3 | Residential mortgage-backed securities and loans | Yield | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.68
Level 3 | Residential mortgage-backed securities and loans | Yield | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.07
Level 3 | Residential mortgage-backed securities and loans | Prepayment speed | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.03
Level 3 | Residential mortgage-backed securities and loans | Prepayment speed | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.12
Level 3 | Residential mortgage-backed securities and loans | Prepayment speed | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.09
Level 3 | Residential mortgage-backed securities and loans | Conditional default rate | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0
Level 3 | Residential mortgage-backed securities and loans | Conditional default rate | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.06
Level 3 | Residential mortgage-backed securities and loans | Conditional default rate | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0
Level 3 | Residential mortgage-backed securities and loans | Loss severity | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0
Level 3 | Residential mortgage-backed securities and loans | Loss severity | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	1.10
Level 3 | Residential mortgage-backed securities and loans | Loss severity | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.03
Level 3 | Commercial mortgage-backed securities and loans | Price (in USD/share) | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input | $ / shares	0
Level 3 | Commercial mortgage-backed securities and loans | Price (in USD/share) | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input | $ / shares	90
Level 3 | Commercial mortgage-backed securities and loans | Price (in USD/share) | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input | $ / shares	80
Level 3 | Corporate debt securities | Price (in USD/share) | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	0
Level 3 | Corporate debt securities | Price (in USD/share) | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	243
Level 3 | Corporate debt securities | Price (in USD/share) | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	100
Level 3 | Loans | Price (in USD/share) | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans, measurement input | $ / shares	0
Level 3 | Loans | Price (in USD/share) | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans, measurement input | $ / shares	111
Level 3 | Loans | Price (in USD/share) | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans, measurement input | $ / shares	80
Level 3 | Non-U.S. government debt | Price (in USD/share) | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	2
Level 3 | Non-U.S. government debt | Price (in USD/share) | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	108
Level 3 | Non-U.S. government debt | Price (in USD/share) | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	92
Level 3 | Net interest rate derivatives | Prepayment speed | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0
Level 3 | Net interest rate derivatives | Prepayment speed | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.20
Level 3 | Net interest rate derivatives | Prepayment speed | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.06
Level 3 | Net interest rate derivatives | Interest rate volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0025
Level 3 | Net interest rate derivatives | Interest rate volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0420
Level 3 | Net interest rate derivatives | Interest rate volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0116
Level 3 | Net interest rate derivatives | Interest rate spread volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0037
Level 3 | Net interest rate derivatives | Interest rate spread volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0077
Level 3 | Net interest rate derivatives | Interest rate spread volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0064
Level 3 | Net interest rate derivatives | Bermudan switch value | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0
Level 3 | Net interest rate derivatives | Bermudan switch value | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.52
Level 3 | Net interest rate derivatives | Bermudan switch value | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.20
Level 3 | Net interest rate derivatives | Interest rate correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.82)
Level 3 | Net interest rate derivatives | Interest rate correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.90
Level 3 | Net interest rate derivatives | Interest rate correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.19
Level 3 | Net interest rate derivatives | IR-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.35)
Level 3 | Net interest rate derivatives | IR-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.60
Level 3 | Net interest rate derivatives | IR-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.04
Level 3 | Net credit derivatives | Price (in USD/share) | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / shares	0
Level 3 | Net credit derivatives | Price (in USD/share) | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / shares	115
Level 3 | Net credit derivatives | Price (in USD/share) | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / shares	72
Level 3 | Net credit derivatives | Credit correlation | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.24
Level 3 | Net credit derivatives | Credit correlation | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.68
Level 3 | Net credit derivatives | Credit correlation | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.46
Level 3 | Net credit derivatives | Credit spread | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0
Level 3 | Net credit derivatives | Credit spread | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.2999
Level 3 | Net credit derivatives | Credit spread | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0263
Level 3 | Net credit derivatives | Recovery rate | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.10
Level 3 | Net credit derivatives | Recovery rate | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.90
Level 3 | Net credit derivatives | Recovery rate | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.49
Level 3 | Net foreign exchange derivatives | Prepayment speed | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.11
Level 3 | Net foreign exchange derivatives | Prepayment speed | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.11
Level 3 | Net foreign exchange derivatives | Prepayment speed | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.11
Level 3 | Net foreign exchange derivatives | IR-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.40)
Level 3 | Net foreign exchange derivatives | IR-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.60
Level 3 | Net foreign exchange derivatives | IR-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.22
Level 3 | Net foreign exchange derivatives | Interest rate curve | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.02
Level 3 | Net foreign exchange derivatives | Interest rate curve | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.17
Level 3 | Net foreign exchange derivatives | Interest rate curve | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.07
Level 3 | Net equity derivatives | Forward equity price | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.76
Level 3 | Net equity derivatives | Forward equity price | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1.52
Level 3 | Net equity derivatives | Forward equity price | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1.01
Level 3 | Net equity derivatives | Equity volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.04
Level 3 | Net equity derivatives | Equity volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1.37
Level 3 | Net equity derivatives | Equity volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.32
Level 3 | Net equity derivatives | Equity correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.01
Level 3 | Net equity derivatives | Equity correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1
Level 3 | Net equity derivatives | Equity correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.57
Level 3 | Net equity derivatives | Equity-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.88)
Level 3 | Net equity derivatives | Equity-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.65
Level 3 | Net equity derivatives | Equity-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.31)
Level 3 | Net equity derivatives | Equity-IR correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.40)
Level 3 | Net equity derivatives | Equity-IR correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.25
Level 3 | Net equity derivatives | Equity-IR correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.03
Level 3 | Net commodity derivatives | Oil commodity forward (in USD/ BBL) | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / bbl	91
Level 3 | Net commodity derivatives | Oil commodity forward (in USD/ BBL) | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / bbl	277
Level 3 | Net commodity derivatives | Oil commodity forward (in USD/ BBL) | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / bbl	184
Level 3 | Net commodity derivatives | Natural gas commodity forward (in USD/ MMBTU) | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / MMBTU	0
Level 3 | Net commodity derivatives | Natural gas commodity forward (in USD/ MMBTU) | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / MMBTU	9
Level 3 | Net commodity derivatives | Natural gas commodity forward (in USD/ MMBTU) | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / MMBTU	5
Level 3 | Net commodity derivatives | Commodity volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.15
Level 3 | Net commodity derivatives | Commodity volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.24
Level 3 | Net commodity derivatives | Commodity volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.19
Level 3 | Net commodity derivatives | Commodity correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.35)
Level 3 | Net commodity derivatives | Commodity correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.96
Level 3 | Net commodity derivatives | Commodity correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.31
Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	$ 39,046	38,851
MSRs	8,605	8,522
Long-term debt, short-term borrowings, and deposits	697,963	541,419
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	2,901	3,079
MSRs	8,605	8,522
Long-term debt, short-term borrowings, and deposits	45,280	$ 42,182
Other level 3 asset and liabilities, net	1,059
Equity securities for which quoted prices are not readily available	783
Recurring | Level 3 | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
MSRs	8,605
Long-term debt, short-term borrowings, and deposits	1,205
Recurring | Level 3 | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits	31,734
Recurring | Level 3 | Residential mortgage-backed securities and loans | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	1,599
Recurring | Level 3 | Commercial mortgage-backed securities and loans | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	1,387
Recurring | Level 3 | Corporate debt securities | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading	570
Recurring | Level 3 | Loans | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	1,195
Recurring | Level 3 | Trading loans | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	466
Recurring | Level 3 | Trading loans | Market comparables | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	65
Recurring | Level 3 | Nontrading loans | Discounted cash flows | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	862
Recurring | Level 3 | Nontrading loans | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	729
Recurring | Level 3 | Nontrading loans | Market comparables | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	1,300
Recurring | Level 3 | Non-U.S. government debt | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading	173
Recurring | Level 3 | Net interest rate derivatives | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	2
Recurring | Level 3 | Net interest rate derivatives | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	798
Recurring | Level 3 | Net credit derivatives | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	230
Recurring | Level 3 | Net credit derivatives | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	30
Recurring | Level 3 | Net foreign exchange derivatives | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	(59)
Recurring | Level 3 | Net foreign exchange derivatives | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	83
Recurring | Level 3 | Net equity derivatives | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	(2,781)
Recurring | Level 3 | Net commodity derivatives | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	(503)
Recurring | Level 3 | Mortgage-backed securities, U.S. GSEs and government agencies | Discounted cash flows | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	729
Recurring | Level 3 | Residential mortgage-backed securities | Discounted cash flows | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	8
Recurring | Level 3 | Commercial mortgage-backed securities | Market comparables | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	12
Recurring | Level 3 | Other assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity securities for which quoted prices are not readily available	$ 580

Fair Value Measurement - Change

Fair Value Measurement - Changes in Level 3 Recurring Measurements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Net derivative receivables:
Fair value, beginning balance	$ (1,852)	$ 673
Total realized/unrealized gains/(losses)	(1,178)	860
Purchases	418	388
Sales	(772)	(848)
Settlements	714	(53)
Transfers into level 3	23	35
Transfers (out of) level 3	447	(476)
Fair value, ending balance	(2,200)	579
Change in unrealized gains/(losses) related to financial instruments held	$ (869)	1,103
Level 3 Rollforward Supplemental Data
Level 3 assets as a percentage of total firm assets at fair value	2%		2%
Level 3 liabilities as a percentage of total firm liabilities at fair value	6%		8%
Deposits
Liabilities:
Fair value, beginning balance	$ 1,833	2,162
Total realized/unrealized (gains)/losses	(29)	48
Purchases	0	0
Sales	0	0
Issuances	527	128
Settlements	(203)	(67)
Transfers into level 3	0	0
Transfers (out of) level 3	(73)	(63)
Fair value, ending balance	2,055	2,208
Change in unrealized (gains)/losses related to financials instruments held	(25)	48
Short-term borrowings
Liabilities:
Fair value, beginning balance	1,758	1,401
Total realized/unrealized (gains)/losses	1	90
Purchases	0	0
Sales	0	0
Issuances	1,645	1,051
Settlements	(1,197)	(1,132)
Transfers into level 3	0	0
Transfers (out of) level 3	(1)	0
Fair value, ending balance	2,206	1,410
Change in unrealized (gains)/losses related to financials instruments held	8	20
Total debt and equity instruments
Liabilities:
Fair value, beginning balance	37	84
Total realized/unrealized (gains)/losses	(3)	(12)
Purchases	(1)	(27)
Sales	2	8
Issuances	0	0
Settlements	0	0
Transfers into level 3	3	12
Transfers (out of) level 3	(1)	(2)
Fair value, ending balance	37	63
Change in unrealized (gains)/losses related to financials instruments held	(2)	1
Accounts payable and other liabilities
Liabilities:
Fair value, beginning balance	52	53
Total realized/unrealized (gains)/losses	(4)	(1)
Purchases	(3)	0
Sales	3	4
Issuances	0	0
Settlements	0	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	48	56
Change in unrealized (gains)/losses related to financials instruments held	(4)	(1)
Long-term debt
Liabilities:
Fair value, beginning balance	27,726	24,092
Total realized/unrealized (gains)/losses	551	1,356
Purchases	0	0
Sales	0	0
Issuances	4,503	2,733
Settlements	(3,851)	(2,975)
Transfers into level 3	17	91
Transfers (out of) level 3	(268)	(70)
Fair value, ending balance	28,678	25,227
Change in unrealized (gains)/losses related to financials instruments held	500	1,447
Interest rate
Net derivative receivables:
Fair value, beginning balance	502	701
Total realized/unrealized gains/(losses)	(328)	346
Purchases	53	35
Sales	(43)	(50)
Settlements	484	(22)
Transfers into level 3	129	(165)
Transfers (out of) level 3	3	(91)
Fair value, ending balance	800	754
Change in unrealized gains/(losses) related to financial instruments held	(399)	461
Credit
Net derivative receivables:
Fair value, beginning balance	265	13
Total realized/unrealized gains/(losses)	(25)	246
Purchases	0	3
Sales	(15)	(3)
Settlements	14	171
Transfers into level 3	(6)	24
Transfers (out of) level 3	27	(2)
Fair value, ending balance	260	452
Change in unrealized gains/(losses) related to financial instruments held	87	239
Foreign exchange
Net derivative receivables:
Fair value, beginning balance	62	489
Total realized/unrealized gains/(losses)	3	89
Purchases	34	28
Sales	(38)	(41)
Settlements	(122)	(75)
Transfers into level 3	(53)	64
Transfers (out of) level 3	138	(9)
Fair value, ending balance	24	545
Change in unrealized gains/(losses) related to financial instruments held	67	126
Equity
Net derivative receivables:
Fair value, beginning balance	(2,402)	(384)
Total realized/unrealized gains/(losses)	(652)	171
Purchases	321	318
Sales	(608)	(687)
Settlements	331	0
Transfers into level 3	(49)	111
Transfers (out of) level 3	278	(414)
Fair value, ending balance	(2,781)	(885)
Change in unrealized gains/(losses) related to financial instruments held	(442)	308
Commodity
Net derivative receivables:
Fair value, beginning balance	(279)	(146)
Total realized/unrealized gains/(losses)	(176)	8
Purchases	10	4
Sales	(68)	(67)
Settlements	7	(127)
Transfers into level 3	2	1
Transfers (out of) level 3	1	40
Fair value, ending balance	(503)	(287)
Change in unrealized gains/(losses) related to financial instruments held	(182)	(31)
Federal funds sold and securities purchased under resale agreements
Assets:
Fair value, beginning balance	0	0
Total realized/unrealized gains/(losses)	0	0
Purchases	0	0
Sales	0	0
Settlements	0	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	0	0
Change in unrealized gains/(losses) related to financial instruments held	0	0
Total mortgage-backed securities
Assets:
Fair value, beginning balance	775	771
Total realized/unrealized gains/(losses)	(1)	9
Purchases	2	25
Sales	(17)	(7)
Settlements	(21)	(27)
Transfers into level 3	11	4
Transfers (out of) level 3	0	(3)
Fair value, ending balance	749	772
Change in unrealized gains/(losses) related to financial instruments held	(1)	9
Mortgage-backed securities, U.S. GSEs and government agencies
Assets:
Fair value, beginning balance	758	759
Total realized/unrealized gains/(losses)	1	7
Purchases	1	25
Sales	(17)	(7)
Settlements	(21)	(24)
Transfers into level 3	7	0
Transfers (out of) level 3	0	(3)
Fair value, ending balance	729	757
Change in unrealized gains/(losses) related to financial instruments held	1	7
Mortgage-backed securities, Residential - nonagency
Assets:
Fair value, beginning balance	5	5
Total realized/unrealized gains/(losses)	(1)	1
Purchases	0	0
Sales	0	0
Settlements	0	(2)
Transfers into level 3	4	1
Transfers (out of) level 3	0	0
Fair value, ending balance	8	5
Change in unrealized gains/(losses) related to financial instruments held	(1)	1
Mortgage-backed securities, Commercial - nonagency
Assets:
Fair value, beginning balance	12	7
Total realized/unrealized gains/(losses)	(1)	1
Purchases	1	0
Sales	0	0
Settlements	0	(1)
Transfers into level 3	0	3
Transfers (out of) level 3	0	0
Fair value, ending balance	12	10
Change in unrealized gains/(losses) related to financial instruments held	(1)	1
Total debt and equity instruments
Assets:
Fair value, beginning balance	2,373	2,909
Total realized/unrealized gains/(losses)	35	0
Purchases	519	713
Sales	(408)	(207)
Settlements	(119)	(123)
Transfers into level 3	115	88
Transfers (out of) level 3	(159)	(241)
Fair value, ending balance	2,356	3,139
Change in unrealized gains/(losses) related to financial instruments held	21	49
Obligations of U.S. states and municipalities
Assets:
Fair value, beginning balance	10	7
Total realized/unrealized gains/(losses)	0	0
Purchases	0	0
Sales	0	(1)
Settlements	(2)	0
Transfers into level 3	0	0
Transfers (out of) level 3	(1)	0
Fair value, ending balance	7	6
Change in unrealized gains/(losses) related to financial instruments held	0	0
Non-U.S. government debt securities
Assets:
Fair value, beginning balance	179	155
Total realized/unrealized gains/(losses)	5	11
Purchases	51	50
Sales	(67)	(47)
Settlements	0	0
Transfers into level 3	7	0
Transfers (out of) level 3	(2)	0
Fair value, ending balance	173	169
Change in unrealized gains/(losses) related to financial instruments held	(4)	13
Corporate debt securities
Assets:
Fair value, beginning balance	484	463
Total realized/unrealized gains/(losses)	11	24
Purchases	214	49
Sales	(95)	(17)
Settlements	(30)	0
Transfers into level 3	4	23
Transfers (out of) level 3	(18)	(4)
Fair value, ending balance	570	538
Change in unrealized gains/(losses) related to financial instruments held	12	20
Loans
Assets:
Fair value, beginning balance	684	759
Total realized/unrealized gains/(losses)	5	8
Purchases	143	436
Sales	(199)	(62)
Settlements	(31)	(95)
Transfers into level 3	62	23
Transfers (out of) level 3	(133)	(143)
Fair value, ending balance	531	926
Change in unrealized gains/(losses) related to financial instruments held	5	8
Asset-backed securities
Assets:
Fair value, beginning balance	6	23
Total realized/unrealized gains/(losses)	0	0
Purchases	1	1
Sales	0	(2)
Settlements	0	(1)
Transfers into level 3	7	1
Transfers (out of) level 3	0	(15)
Fair value, ending balance	14	7
Change in unrealized gains/(losses) related to financial instruments held	0	0
Equity securities
Assets:
Fair value, beginning balance	127	665
Total realized/unrealized gains/(losses)	6	(31)
Purchases	81	58
Sales	(30)	(71)
Settlements	0	0
Transfers into level 3	24	36
Transfers (out of) level 3	(5)	(76)
Fair value, ending balance	203	581
Change in unrealized gains/(losses) related to financial instruments held	7	(2)
Physical commodities
Assets:
Fair value, beginning balance	7	2
Total realized/unrealized gains/(losses)	(2)	0
Purchases	0	0
Sales	0	0
Settlements	(3)	(2)
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	2	0
Change in unrealized gains/(losses) related to financial instruments held	(2)	0
Other
Assets:
Fair value, beginning balance	101	64
Total realized/unrealized gains/(losses)	11	(21)
Purchases	27	94
Sales	0	0
Settlements	(32)	2
Transfers into level 3	0	1
Transfers (out of) level 3	0	0
Fair value, ending balance	107	140
Change in unrealized gains/(losses) related to financial instruments held	4	1
Total available-for-sale securities
Assets:
Fair value, beginning balance	0	239
Total realized/unrealized gains/(losses)	0	11
Purchases	0	0
Sales	0	0
Settlements	0	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	0	250
Change in unrealized gains/(losses) related to financial instruments held	0	11
Corporate debt securities
Assets:
Fair value, beginning balance	0	239
Total realized/unrealized gains/(losses)	0	11
Purchases	0	0
Sales	0	0
Settlements	0	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	0	250
Change in unrealized gains/(losses) related to financial instruments held	0	11
Loans
Assets:
Fair value, beginning balance	3,079	1,418
Total realized/unrealized gains/(losses)	37	26
Purchases	60	148
Sales	(22)	(66)
Settlements	(392)	(95)
Transfers into level 3	303	157
Transfers (out of) level 3	(164)	(109)
Fair value, ending balance	2,901	1,479
Change in unrealized gains/(losses) related to financial instruments held	35	16
Mortgage servicing rights
Assets:
Fair value, beginning balance	8,522	7,973
Total realized/unrealized gains/(losses)	278	(11)
Purchases	60	31
Sales	5	2
Settlements	(260)	(240)
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	8,605	7,755
Change in unrealized gains/(losses) related to financial instruments held	278	(11)
Other assets
Assets:
Fair value, beginning balance	758	405
Total realized/unrealized gains/(losses)	29	5
Purchases	47	12
Sales	(9)	0
Settlements	(14)	(16)
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	811	406
Change in unrealized gains/(losses) related to financial instruments held	28	5
Total debt instruments
Assets:
Fair value, beginning balance	2,138	2,178
Total realized/unrealized gains/(losses)	20	52
Purchases	411	561
Sales	(378)	(136)
Settlements	(84)	(123)
Transfers into level 3	91	51
Transfers (out of) level 3	(154)	(165)
Fair value, ending balance	2,044	2,418
Change in unrealized gains/(losses) related to financial instruments held	$ 12	$ 50

Fair Value Measurement - Leve_2

Fair Value Measurement - Level 3 Analysis (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Derivative receivables | Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 3 into level 2, assets		$ 953
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	$ 1,461,480		$ 1,130,863
Recurring | Derivative receivables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Increase in level 3 assets	1,100
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	24,729		$ 23,656
Increase in level 3 assets	1,100
Realized/unrealized gains (losses), assets	(799)	891
Realized/unrealized losses, liabilities	$ 516	$ 1,500

Fair Value Measurement - Impact

Fair Value Measurement - Impact of Credit Adjustments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Credit and funding adjustments:
Derivatives CVA	$ 76	$ 55
Derivatives FVA	$ 57	$ (8)

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring Basis (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities adjusted based on the measurement alternative	$ 4,467	$ 3,910	$ 4,500
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,561	1,743
Total liabilities measured at fair value on a nonrecurring basis	0	3
Total nonrecurring fair value gains/(losses)	(101)	(105)
Nonrecurring | Accounts payable and other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value on a nonrecurring basis	0	3
Total nonrecurring fair value gains/(losses)	0	(3)
Nonrecurring | Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,339	1,542
Total nonrecurring fair value gains/(losses)	(60)	(37)
Nonrecurring | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	222	201
Total nonrecurring fair value gains/(losses)	(41)	(65)
Nonrecurring | Other assets using measurement alternative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring fair value gains/(losses)	(39)	(61)
Nonrecurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	0	0
Total liabilities measured at fair value on a nonrecurring basis	0	0
Nonrecurring | Level 1 | Accounts payable and other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value on a nonrecurring basis	0	0
Nonrecurring | Level 1 | Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	0	0
Nonrecurring | Level 1 | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	0	0
Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	880	731
Total liabilities measured at fair value on a nonrecurring basis	0	0
Nonrecurring | Level 2 | Accounts payable and other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value on a nonrecurring basis	0	0
Nonrecurring | Level 2 | Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	871	709
Nonrecurring | Level 2 | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	9	22
Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	681	1,012
Total liabilities measured at fair value on a nonrecurring basis	0	3
Nonrecurring | Level 3 | Accounts payable and other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value on a nonrecurring basis	0	3
Nonrecurring | Level 3 | Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	468	833
Nonrecurring | Level 3 | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	213	$ 179
Equity securities adjusted based on the measurement alternative	$ 191

Fair Value Measurement - Equity

Fair Value Measurement - Equity Securities Without Readily Determinable Fair Value (Details) shares in Millions, $ in Millions		3 Months Ended
	Apr. 08, 2024 shares	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Disclosures [Abstract]
Carrying value		$ 4,467	$ 3,910	$ 4,500
Upward carrying value changes		20	35
Downward carrying value changes/impairment		(59)	$ (96)
Cumulative upward carrying value changes		1,200
Cumulative downward carrying value changes/impairment		$ (1,300)
B-1 Shares | Subsequent Event
Equity Securities without Readily Determinable Fair Value [Line Items]
Conversion rate	0.5
Issuance ratio	0.5
VISA | B-1 Shares
Equity Securities without Readily Determinable Fair Value [Line Items]
Interest owned in equity securities without readily determinable fair value (in shares) | shares		37.2
Conversion rate		1.5875
VISA | B-1 Shares | Subsequent Event
Equity Securities without Readily Determinable Fair Value [Line Items]
Interest in equity securities without readily determinable fair value converted (in shares) | shares	37.2

Fair Value Measurement - Carryi

Fair Value Measurement - Carrying Value and Estimated Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Financial assets
Cash and due from banks	$ 22,750	$ 29,066
Deposits with banks	539,366	595,085
Federal funds sold and securities purchased under resale agreements	330,559	276,152
Investment securities, held-to-maturity	305,443	342,754
Loans, net of allowance for loan losses	39,046	38,851
Financial liabilities
Beneficial interests issued by consolidated VIEs	28,075	23,020
Carrying value
Financial assets
Cash and due from banks	22,800	29,100
Deposits with banks	539,400	595,100
Accrued interest and accounts receivable	129,400	107,100
Federal funds sold and securities purchased under resale agreements	6,100	16,300
Securities borrowed	114,100	130,300
Investment securities, held-to-maturity	334,500	369,800
Loans, net of allowance for loan losses	1,248,200	1,262,500
Other	71,800	76,100
Financial liabilities
Deposits	2,347,800	2,322,300
Federal funds purchased and securities loaned or sold under repurchase agreements	61,100	47,500
Short-term borrowings	23,400	24,700
Accounts payable and other liabilities	258,300	241,800
Beneficial interests issued by consolidated VIEs	28,100	23,000
Long-term debt	303,100	303,900
Wholesale lending-related commitments	2,800	3,000
Carrying value | First Republic
Financial liabilities
Wholesale lending-related commitments	935	1,100
Total estimated fair value
Financial assets
Cash and due from banks	22,800	29,100
Deposits with banks	539,400	595,100
Accrued interest and accounts receivable	129,400	107,100
Federal funds sold and securities purchased under resale agreements	6,100	16,300
Securities borrowed	114,100	130,300
Investment securities, held-to-maturity	305,400	342,800
Loans, net of allowance for loan losses	1,232,600	1,250,200
Other	72,100	76,300
Financial liabilities
Deposits	2,348,300	2,322,600
Federal funds purchased and securities loaned or sold under repurchase agreements	61,100	47,500
Short-term borrowings	23,400	24,700
Accounts payable and other liabilities	257,200	241,400
Beneficial interests issued by consolidated VIEs	28,100	23,000
Long-term debt	303,400	303,500
Wholesale lending-related commitments	4,600	4,800
Total estimated fair value | Level 1
Financial assets
Cash and due from banks	22,800	29,100
Deposits with banks	538,900	594,600
Accrued interest and accounts receivable	0	0
Federal funds sold and securities purchased under resale agreements	0	0
Securities borrowed	0	0
Investment securities, held-to-maturity	130,200	160,600
Loans, net of allowance for loan losses	0	0
Other	0	0
Financial liabilities
Deposits	0	0
Federal funds purchased and securities loaned or sold under repurchase agreements	0	0
Short-term borrowings	0	0
Accounts payable and other liabilities	0	0
Beneficial interests issued by consolidated VIEs	0	0
Long-term debt	0	0
Wholesale lending-related commitments	0	0
Total estimated fair value | Level 2
Financial assets
Cash and due from banks	0	0
Deposits with banks	500	500
Accrued interest and accounts receivable	129,300	107,000
Federal funds sold and securities purchased under resale agreements	6,100	16,300
Securities borrowed	114,100	130,300
Investment securities, held-to-maturity	175,200	182,200
Loans, net of allowance for loan losses	279,600	285,600
Other	70,500	74,900
Financial liabilities
Deposits	2,348,300	2,322,600
Federal funds purchased and securities loaned or sold under repurchase agreements	61,100	47,500
Short-term borrowings	23,400	24,700
Accounts payable and other liabilities	246,400	233,300
Beneficial interests issued by consolidated VIEs	28,100	23,000
Long-term debt	252,500	252,200
Wholesale lending-related commitments	0	0
Total estimated fair value | Level 3
Financial assets
Cash and due from banks	0	0
Deposits with banks	0	0
Accrued interest and accounts receivable	100	100
Federal funds sold and securities purchased under resale agreements	0	0
Securities borrowed	0	0
Investment securities, held-to-maturity	0	0
Loans, net of allowance for loan losses	953,000	964,600
Other	1,600	1,400
Financial liabilities
Deposits	0	0
Federal funds purchased and securities loaned or sold under repurchase agreements	0	0
Short-term borrowings	0	0
Accounts payable and other liabilities	10,800	8,100
Beneficial interests issued by consolidated VIEs	0	0
Long-term debt	50,900	51,300
Wholesale lending-related commitments	$ 4,600	$ 4,800

Fair Value Option - Changes in

Fair Value Option - Changes in Fair Value Under the Fair Value Option (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Federal funds sold and securities purchased under resale agreements
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	$ 36	$ 202
Federal funds sold and securities purchased under resale agreements | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	36	202
Federal funds sold and securities purchased under resale agreements | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Securities borrowed
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(1)	88
Securities borrowed | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(1)	88
Securities borrowed | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Debt and equity instruments, excluding loans
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	1,248	1,595
Debt and equity instruments, excluding loans | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	1,248	1,595
Debt and equity instruments, excluding loans | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Loans reported as trading assets: Changes in instrument-specific credit risk
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	168	131
Loans reported as trading assets: Changes in instrument-specific credit risk | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	168	131
Loans reported as trading assets: Changes in instrument-specific credit risk | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Loans reported as trading assets: Other changes in fair value
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	13	3
Loans reported as trading assets: Other changes in fair value | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	13	3
Loans reported as trading assets: Other changes in fair value | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Loans: Changes in instrument-specific credit risk
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	127	66
Loans: Changes in instrument-specific credit risk | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	125	65
Loans: Changes in instrument-specific credit risk | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	2	1
Loans: Other changes in fair value
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(12)	305
Loans: Other changes in fair value | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(57)	195
Loans: Other changes in fair value | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	45	110
Other assets
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	13	30
Other assets | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	13	30
Other assets | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Deposits
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(974)	(473)
Deposits | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(974)	(473)
Deposits | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Federal funds purchased and securities loaned or sold under repurchase agreements
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	5	(61)
Federal funds purchased and securities loaned or sold under repurchase agreements | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	5	(61)
Federal funds purchased and securities loaned or sold under repurchase agreements | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Short-term borrowings
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(221)	(159)
Short-term borrowings | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(221)	(159)
Short-term borrowings | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Trading liabilities
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(12)	(15)
Trading liabilities | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(12)	(15)
Trading liabilities | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Beneficial interests issued by consolidated VIEs
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Beneficial interests issued by consolidated VIEs | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Beneficial interests issued by consolidated VIEs | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Other liabilities
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	1	0
Other liabilities | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	1	0
Other liabilities | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Long-term debt
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(942)	(2,824)
Long-term debt | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(934)	(2,798)
Long-term debt | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	$ (8)	$ (26)

Fair Value Option - Aggregate D

Fair Value Option - Aggregate Differences (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Long-term beneficial interests
Performing loans, ninety days or more past due	$ 0	$ 0
Lending-related commitments, fair value option elected
Long-term beneficial interests
Contractual amount of lending-related commitments	11,400,000,000	9,700,000,000
Contractual lending-related commitments, fair value	93,000,000	97,000,000
Contractual principal outstanding
Loans
Nonaccrual loans	3,795,000,000	3,825,000,000
All other performing loans	49,882,000,000	48,495,000,000
Total loans	53,732,000,000	52,385,000,000
Contractual principal outstanding | Principal-protected debt
Long-term debt
Total long-term debt	52,199,000,000	47,768,000,000
Contractual principal outstanding | Loans reported as trading assets
Loans
Nonaccrual loans	2,684,000,000	2,987,000,000
All other performing loans	10,284,000,000	9,547,000,000
Contractual principal outstanding | Loans
Loans
Nonaccrual loans	1,111,000,000	838,000,000
90 or more days past due and government guaranteed	55,000,000	65,000,000
All other performing loans	39,598,000,000	38,948,000,000
Fair value
Loans
Nonaccrual loans	1,387,000,000	1,320,000,000
All other performing loans	46,936,000,000	46,028,000,000
Total loans	48,373,000,000	47,407,000,000
Long-term debt
Total long-term debt	92,730,000,000	87,924,000,000
Long-term beneficial interests
Total long-term beneficial interests	1,000,000	1,000,000
Fair value | Principal-protected debt
Long-term debt
Total long-term debt	43,532,000,000	38,882,000,000
Fair value | Nonprincipal-protected debt
Long-term debt
Total long-term debt	49,198,000,000	49,042,000,000
Long-term beneficial interests
Total long-term beneficial interests	1,000,000	1,000,000
Fair value | Loans reported as trading assets
Loans
Nonaccrual loans	447,000,000	588,000,000
All other performing loans	8,880,000,000	7,968,000,000
Fair value | Loans
Loans
Nonaccrual loans	940,000,000	732,000,000
90 or more days past due and government guaranteed	50,000,000	59,000,000
All other performing loans	38,056,000,000	38,060,000,000
Fair value over/(under) contractual principal outstanding
Loans
Nonaccrual loans, Fair value over/(under) contractual principal outstanding	(2,408,000,000)	(2,505,000,000)
All other performing loans	(2,946,000,000)	(2,467,000,000)
Total loans	(5,359,000,000)	(4,978,000,000)
Fair value over/(under) contractual principal outstanding | Principal-protected debt
Long-term debt
Long-term debt, Fair value over/(under) contractual principal outstanding	(8,667,000,000)	(8,886,000,000)
Fair value over/(under) contractual principal outstanding | Loans reported as trading assets
Loans
Nonaccrual loans, Fair value over/(under) contractual principal outstanding	(2,237,000,000)	(2,399,000,000)
All other performing loans	(1,404,000,000)	(1,579,000,000)
Fair value over/(under) contractual principal outstanding | Loans
Loans
Nonaccrual loans, Fair value over/(under) contractual principal outstanding	(171,000,000)	(106,000,000)
90 or more days past due and government guaranteed, Fair value over/(under) contractual principal outstanding	(5,000,000)	(6,000,000)
All other performing loans	$ (1,542,000,000)	$ (888,000,000)

Fair Value Option - Structured

Fair Value Option - Structured Note Products by Balance Sheet Classification and Risk Component (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	$ 181,399	$ 172,258
Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	120,126	113,784
Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	5,909	5,794
Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	4,155	3,733
Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	48,933	47,073
Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	2,276	1,874
Long-term debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	92,069	87,200
Long-term debt | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	42,338	38,604
Long-term debt | Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	4,939	5,444
Long-term debt | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	2,492	2,605
Long-term debt | Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	40,482	38,685
Long-term debt | Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	1,818	1,862
Short-term borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	9,125	7,439
Short-term borrowings | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	553	654
Short-term borrowings | Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	970	350
Short-term borrowings | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	1,449	941
Short-term borrowings | Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	5,696	5,483
Short-term borrowings | Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	457	11
Deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	80,205	77,619
Deposits | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	77,235	74,526
Deposits | Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	0	0
Deposits | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	214	187
Deposits | Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	2,755	2,905
Deposits | Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	1	1
Excluded amount of deposits linked to precious metals for which fair value option was not elected	$ 636	$ 627

Derivative Instruments - Notion

Derivative Instruments - Notional Amount of Derivative Contracts (Details) - USD ($) $ in Billions	Mar. 31, 2024	Dec. 31, 2023
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	$ 54,571	$ 49,813
Interest rate contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	35,238	32,673
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	25,005	23,251
Futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	3,701	2,690
Options | Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	3,282	3,370
Options | Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	3,250	3,362
Credit derivatives
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	1,216	1,045
Foreign exchange contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	14,866	13,306
Cross-currency swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	4,681	4,721
Spot, futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	8,466	6,957
Options | Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	871	830
Options | Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	848	798
Equity contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	2,689	2,272
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	769	639
Futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	192	157
Options | Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	911	778
Options | Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	817	698
Commodity contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	562	517
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	120	115
Spot, futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	175	157
Options | Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	142	130
Options | Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	$ 125	$ 115

Derivative Instruments - Impact

Derivative Instruments - Impact on Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Gross derivative receivables	$ 533,898	$ 539,248
Net derivative receivables	56,621	54,864
Gross derivative payables	530,083	546,972
Net derivative payables	36,003	40,847
Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	238,002	250,691
Net derivative receivables	25,528	26,324
Gross derivative payables	226,684	240,482
Net derivative payables	12,006	11,896
Credit
Derivatives, Fair Value [Line Items]
Gross derivative receivables	10,730	9,654
Net derivative receivables	731	551
Gross derivative payables	12,740	12,038
Net derivative payables	1,150	1,089
Foreign exchange
Derivatives, Fair Value [Line Items]
Gross derivative receivables	183,868	205,775
Net derivative receivables	18,088	18,019
Gross derivative payables	181,103	212,263
Net derivative payables	10,007	12,620
Equity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	83,504	57,689
Net derivative receivables	7,045	4,928
Gross derivative payables	90,677	65,811
Net derivative payables	6,567	9,368
Commodity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	17,794	15,439
Net derivative receivables	5,229	5,042
Gross derivative payables	18,879	16,378
Net derivative payables	6,273	5,874
Not designated as hedges
Derivatives, Fair Value [Line Items]
Gross derivative receivables	533,009	538,270
Gross derivative payables	529,437	545,240
Not designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	238,001	250,689
Gross derivative payables	226,684	240,482
Not designated as hedges | Credit
Derivatives, Fair Value [Line Items]
Gross derivative receivables	10,730	9,654
Gross derivative payables	12,740	12,038
Not designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Gross derivative receivables	183,020	205,010
Gross derivative payables	180,484	210,623
Not designated as hedges | Equity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	83,504	57,689
Gross derivative payables	90,677	65,811
Not designated as hedges | Commodity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	17,754	15,228
Gross derivative payables	18,852	16,286
Designated as hedges
Derivatives, Fair Value [Line Items]
Gross derivative receivables	889	978
Gross derivative payables	646	1,732
Designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	1	2
Gross derivative payables	0	0
Designated as hedges | Credit
Derivatives, Fair Value [Line Items]
Gross derivative receivables	0	0
Gross derivative payables	0	0
Designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Gross derivative receivables	848	765
Gross derivative payables	619	1,640
Designated as hedges | Equity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	0	0
Gross derivative payables	0	0
Designated as hedges | Commodity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	40	211
Gross derivative payables	$ 27	$ 92

Derivative Instruments - Deriva

Derivative Instruments - Derivatives Netting (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	$ 526,298	$ 531,221
Amounts netted on the Consolidated balance sheets	(477,277)	(484,384)
Net derivative receivables	49,021	46,837
Derivative receivables where an appropriate legal opinion has not been either sought or obtained	7,600	8,027
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	533,898	539,248
Total derivative receivables	56,621	54,864
Collateral not nettable on the Consolidated balance sheets	(23,012)	(22,461)
Net amounts	33,609	32,403
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	522,192	537,679
Amounts netted on the Consolidated balance sheets	(494,080)	(506,125)
Net derivative payables	28,112	31,554
Derivative payables where an appropriate legal opinion has not been either sought or obtained	7,891	9,293
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	530,083	546,972
Total derivative payables	36,003	40,847
Collateral not nettable on the Consolidated balance sheets	(5,095)	(4,547)
Net amounts	30,908	36,300
Net cash collateral receivables	47,600	48,300
Net cash collateral payables	64,400	70,000
Interest rate contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	236,206	248,722
Amounts netted on the Consolidated balance sheets	(212,474)	(224,367)
Net derivative receivables	23,732	24,355
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	238,002	250,691
Total derivative receivables	25,528	26,324
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	224,815	238,344
Amounts netted on the Consolidated balance sheets	(214,678)	(228,586)
Net derivative payables	10,137	9,758
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	226,684	240,482
Total derivative payables	12,006	11,896
Interest rate contracts | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	170,338	176,901
Amounts netted on the Consolidated balance sheets	(146,870)	(152,703)
Net derivative receivables	23,468	24,198
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	154,378	161,901
Amounts netted on the Consolidated balance sheets	(144,659)	(152,467)
Net derivative payables	9,719	9,434
Interest rate contracts | OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	65,545	71,419
Amounts netted on the Consolidated balance sheets	(65,298)	(71,275)
Net derivative receivables	247	144
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	70,016	76,007
Amounts netted on the Consolidated balance sheets	(69,713)	(75,729)
Net derivative payables	303	278
Interest rate contracts | Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	323	402
Amounts netted on the Consolidated balance sheets	(306)	(389)
Net derivative receivables	17	13
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	421	436
Amounts netted on the Consolidated balance sheets	(306)	(390)
Net derivative payables	115	46
Net credit derivatives
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	10,591	9,541
Amounts netted on the Consolidated balance sheets	(9,999)	(9,103)
Net derivative receivables	592	438
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	10,730	9,654
Total derivative receivables	731	551
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	12,625	11,971
Amounts netted on the Consolidated balance sheets	(11,590)	(10,949)
Net derivative payables	1,035	1,022
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	12,740	12,038
Total derivative payables	1,150	1,089
Net credit derivatives | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	8,186	7,637
Amounts netted on the Consolidated balance sheets	(7,656)	(7,226)
Net derivative receivables	530	411
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	10,597	10,332
Amounts netted on the Consolidated balance sheets	(9,581)	(9,313)
Net derivative payables	1,016	1,019
Net credit derivatives | OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	2,405	1,904
Amounts netted on the Consolidated balance sheets	(2,343)	(1,877)
Net derivative receivables	62	27
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	2,028	1,639
Amounts netted on the Consolidated balance sheets	(2,009)	(1,636)
Net derivative payables	19	3
Foreign exchange contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	181,953	204,099
Amounts netted on the Consolidated balance sheets	(165,780)	(187,756)
Net derivative receivables	16,173	16,343
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	183,868	205,775
Total derivative receivables	18,088	18,019
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	179,880	209,944
Amounts netted on the Consolidated balance sheets	(171,096)	(199,643)
Net derivative payables	8,784	10,301
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	181,103	212,263
Total derivative payables	10,007	12,620
Foreign exchange contracts | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	181,432	203,624
Amounts netted on the Consolidated balance sheets	(165,261)	(187,295)
Net derivative receivables	16,171	16,329
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	179,286	209,386
Amounts netted on the Consolidated balance sheets	(170,556)	(199,173)
Net derivative payables	8,730	10,213
Foreign exchange contracts | OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	519	469
Amounts netted on the Consolidated balance sheets	(519)	(459)
Net derivative receivables	0	10
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	585	552
Amounts netted on the Consolidated balance sheets	(540)	(470)
Net derivative payables	45	82
Foreign exchange contracts | Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	2	6
Amounts netted on the Consolidated balance sheets	0	(2)
Net derivative receivables	2	4
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	9	6
Amounts netted on the Consolidated balance sheets	0	0
Net derivative payables	9	6
Equity contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	81,428	55,463
Amounts netted on the Consolidated balance sheets	(76,459)	(52,761)
Net derivative receivables	4,969	2,702
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	83,504	57,689
Total derivative receivables	7,045	4,928
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	88,613	63,136
Amounts netted on the Consolidated balance sheets	(84,110)	(56,443)
Net derivative payables	4,503	6,693
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	90,677	65,811
Total derivative payables	6,567	9,368
Equity contracts | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	31,191	25,001
Amounts netted on the Consolidated balance sheets	(29,234)	(23,677)
Net derivative receivables	1,957	1,324
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	40,599	29,999
Amounts netted on the Consolidated balance sheets	(36,886)	(27,360)
Net derivative payables	3,713	2,639
Equity contracts | Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	50,237	30,462
Amounts netted on the Consolidated balance sheets	(47,225)	(29,084)
Net derivative receivables	3,012	1,378
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	48,014	33,137
Amounts netted on the Consolidated balance sheets	(47,224)	(29,083)
Net derivative payables	790	4,054
Commodity contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	16,120	13,396
Amounts netted on the Consolidated balance sheets	(12,565)	(10,397)
Net derivative receivables	3,555	2,999
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	17,794	15,439
Total derivative receivables	5,229	5,042
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	16,259	14,284
Amounts netted on the Consolidated balance sheets	(12,606)	(10,504)
Net derivative payables	3,653	3,780
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	18,879	16,378
Total derivative payables	6,273	5,874
Commodity contracts | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	11,017	8,049
Amounts netted on the Consolidated balance sheets	(7,641)	(5,084)
Net derivative receivables	3,376	2,965
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	11,137	8,788
Amounts netted on the Consolidated balance sheets	(7,682)	(5,192)
Net derivative payables	3,455	3,596
Commodity contracts | OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	150	133
Amounts netted on the Consolidated balance sheets	(117)	(123)
Net derivative receivables	33	10
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	117	120
Amounts netted on the Consolidated balance sheets	(117)	(120)
Net derivative payables	0	0
Commodity contracts | Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	4,953	5,214
Amounts netted on the Consolidated balance sheets	(4,807)	(5,190)
Net derivative receivables	146	24
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	5,005	5,376
Amounts netted on the Consolidated balance sheets	(4,807)	(5,192)
Net derivative payables	$ 198	$ 184

Derivative Instruments - Liquid

Derivative Instruments - Liquidity Risk and Credit-Related Contingent Features (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
OTC and OTC-cleared derivative payables containing downgrade triggers
Aggregate fair value of net derivative payables	$ 14,611	$ 14,655
Collateral posted	14,804	14,673
Single-notch downgrade
Liquidity impact of downgrade triggers on OTC and OTC-cleared derivatives
Amount of additional collateral to be posted upon downgrade	106	75
Amount required to settle contracts with termination triggers upon downgrade	91	93
Two-notch downgrade
Liquidity impact of downgrade triggers on OTC and OTC-cleared derivatives
Amount of additional collateral to be posted upon downgrade	1,209	1,153
Amount required to settle contracts with termination triggers upon downgrade	$ 397	$ 592

Derivative Instruments - Impa_2

Derivative Instruments - Impact on Statements of Income, Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Gains/(losses) recorded in income
Derivatives	$ 440	$ (211)
Hedged items	(266)	428
Income statement impact	174	217
Income statement impact of excluded components
Amortization approach	(116)	(172)
Changes in fair value	186	157
OCI impact
Derivatives - Gains/(losses) recorded in OCI	(27)	(28)
Interest rate
Gains/(losses) recorded in income
Derivatives	318	1,171
Hedged items	(220)	(1,103)
Income statement impact	98	68
Income statement impact of excluded components
Amortization approach	0	0
Changes in fair value	112	9
OCI impact
Derivatives - Gains/(losses) recorded in OCI	0	0
Foreign exchange
Gains/(losses) recorded in income
Derivatives	(139)	158
Hedged items	189	(94)
Income statement impact	50	64
Income statement impact of excluded components
Amortization approach	(116)	(172)
Changes in fair value	50	64
OCI impact
Derivatives - Gains/(losses) recorded in OCI	(27)	(28)
Commodity
Gains/(losses) recorded in income
Derivatives	261	(1,540)
Hedged items	(235)	1,625
Income statement impact	26	85
Income statement impact of excluded components
Amortization approach	0	0
Changes in fair value	24	84
OCI impact
Derivatives - Gains/(losses) recorded in OCI	$ 0	$ 0

Derivative Instruments - Cumula

Derivative Instruments - Cumulative Fair Value Hedging Adjustments (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Cumulative basis adjustments for active hedging relationships	$ (1,228,000,000)	$ 73,000,000
Commodity contracts
Assets
Carrying amount of the hedged items	2,600,000,000	5,600,000,000
Long-term debt
Liabilities
Carrying amount of the hedged items	196,497,000,000	195,455,000,000
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Active hedging relationships	(4,124,000,000)	(2,042,000,000)
Discontinued hedging relationships	(9,427,000,000)	(9,727,000,000)
Total	(13,551,000,000)	(11,769,000,000)
Long-term debt | Not designated as hedges
Liabilities
Carrying amount of the hedged items	0	0
Beneficial interests issued by consolidated VIEs
Liabilities
Carrying amount of the hedged items	2,325,000,000	0
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Active hedging relationships	(23,000,000)	0
Discontinued hedging relationships	0	0
Total	(23,000,000)	0
Investment securities
Assets
Carrying amount of the hedged items	140,677,000,000	151,752,000,000
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Active hedging relationships	(1,704,000,000)	549,000,000
Discontinued hedging relationships	(1,992,000,000)	(2,010,000,000)
Total	(3,696,000,000)	(1,461,000,000)
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Amortized cost of the closed portfolio	69,300,000,000	83,900,000,000
Designated hedged items in active hedging relationships	59,000,000,000	68,000,000,000
Cumulative basis adjustments	(1,500,000,000)	(165,000,000)
Cumulative basis adjustments for active hedging relationships	(1,200,000,000)	73,000,000
Cumulative basis adjustments for discontinued hedging relationships	(304,000,000)	(238,000,000)
Investment securities | Not designated as hedges
Assets
Carrying amount of the hedged items	$ 15,900,000,000	$ 19,300,000,000

Derivative Instruments - Impa_3

Derivative Instruments - Impact on Statements of Income, Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Recognition of after-tax net losses related to cash flow hedges in Income	$ (1,800)
Maximum length of time hedged in forecasted transactions, terminated cash flow hedges	7 years
Maximum length of time hedged in forecasted transactions, open cash flow hedges	7 years
Cash Flow Hedging
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts reclassified from AOCI to income	$ (589)	$ (483)
Amounts recorded in OCI	(1,762)	567
Total change in OCI for period	(1,173)	1,050
Cash Flow Hedging | Interest rate
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts reclassified from AOCI to income	(620)	(427)
Amounts recorded in OCI	(1,725)	461
Total change in OCI for period	(1,105)	888
Cash Flow Hedging | Foreign exchange
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts reclassified from AOCI to income	31	(56)
Amounts recorded in OCI	(37)	106
Total change in OCI for period	$ (68)	$ 162

Derivative Instruments - Impa_4

Derivative Instruments - Impact on Statements of Income, Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Translation adjustments, net of hedges
Gains/(losses) recorded in income and other comprehensive income/(loss)
Reclassification of pre-tax losses related to net investment hedges	$ 0	$ (41)
Net Investment Hedging | Net foreign exchange derivatives
Gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts recorded in income	89	84
Amounts recorded in OCI	$ 1,442	$ (1,004)

Derivative Instruments - Impa_5

Derivative Instruments - Impact on Statements of Income, Risk Management Derivatives (Details) - Risk Management Activities - Not designated as hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	$ (474)	$ (108)
Interest rate
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	(223)	(14)
Credit
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	(258)	(96)
Foreign exchange
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	$ 7	$ 2

Derivative Instruments - Credit

Derivative Instruments - Credit Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Maximum payout/Notional amount
Protection sold	$ (573,723)	$ (489,018)
Protection purchased with identical underlyings	621,174	519,239
Net protection (sold)/purchased	47,451	30,221
Other protection purchased	31,317	46,511
Total credit derivatives
Maximum payout/Notional amount
Protection sold	(573,723)	(489,018)
Protection purchased with identical underlyings	621,174	519,239
Net protection (sold)/purchased	47,451	30,221
Other protection purchased	21,430	36,723
Credit default swaps
Maximum payout/Notional amount
Protection sold	(504,864)	(450,172)
Protection purchased with identical underlyings	529,505	473,823
Net protection (sold)/purchased	24,641	23,651
Other protection purchased	7,556	7,517
Other credit derivatives
Maximum payout/Notional amount
Protection sold	(68,859)	(38,846)
Protection purchased with identical underlyings	91,669	45,416
Net protection (sold)/purchased	22,810	6,570
Other protection purchased	13,874	29,206
Credit-related notes
Maximum payout/Notional amount
Protection sold	0	0
Protection purchased with identical underlyings	0	0
Net protection (sold)/purchased	0	0
Other protection purchased	$ 9,887	$ 9,788

Derivative Instruments - Cred_2

Derivative Instruments - Credit Derivatives, Protection Sold, Notional and Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	$ (150,008)	$ (121,400)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(336,761)	(333,349)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(86,954)	(34,269)
Total notional amount	(573,723)	(489,018)
Fair value of receivables	6,855	6,125
Fair value of payables	(2,840)	(2,727)
Net fair value	4,015	3,398
Investment-grade
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	(116,655)	(89,981)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(261,889)	(263,834)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(69,109)	(29,470)
Total notional amount	(447,653)	(383,285)
Fair value of receivables	4,436	3,659
Fair value of payables	(1,140)	(1,144)
Net fair value	3,296	2,515
Noninvestment-grade
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	(33,353)	(31,419)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(74,872)	(69,515)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(17,845)	(4,799)
Total notional amount	(126,070)	(105,733)
Fair value of receivables	2,419	2,466
Fair value of payables	(1,700)	(1,583)
Net fair value	$ 719	$ 883

Noninterest Revenue and Nonin_3

Noninterest Revenue and Noninterest Expense - Investment Banking Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Noninterest revenue [Line Items]
Underwriting	$ 1,357	$ 905
Advisory	597	744
Total investment banking fees	1,954	1,649
Equity
Schedule of Noninterest revenue [Line Items]
Underwriting	354	233
Debt
Schedule of Noninterest revenue [Line Items]
Underwriting	$ 1,003	$ 672

Noninterest Revenue and Nonin_4

Noninterest Revenue and Noninterest Expense - Principal Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Principal transactions revenue
Total trading revenue	$ 6,775	$ 7,590
Private equity gains	15	25
Principal transactions	6,790	7,615
Interest rate
Principal transactions revenue
Total trading revenue	1,071	1,786
Credit
Principal transactions revenue
Total trading revenue	691	634
Foreign exchange
Principal transactions revenue
Total trading revenue	1,536	1,551
Equity
Principal transactions revenue
Total trading revenue	3,277	2,693
Commodity
Principal transactions revenue
Total trading revenue	$ 200	$ 926

Noninterest Revenue and Nonin_5

Noninterest Revenue and Noninterest Expense - Lending and Deposit-Related Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noninterest Income (Expense) [Abstract]
Lending-related fees	$ 603	$ 369
Deposit-related fees	1,299	1,251
Total lending- and deposit-related fees	$ 1,902	$ 1,620

Noninterest Revenue and Nonin_6

Noninterest Revenue and Noninterest Expense - Asset Management Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noninterest Income (Expense) [Abstract]
Investment management fees	$ 4,059	$ 3,390
All other asset management fees	87	75
Total asset management fees	$ 4,146	$ 3,465

Noninterest Revenue and Nonin_7

Noninterest Revenue and Noninterest Expense - Commissions and Other Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noninterest Income (Expense) [Abstract]
Brokerage commissions	$ 763	$ 747
Administration fees	606	557
All other commissions and fees	436	391
Total commissions and other fees	$ 1,805	$ 1,695

Noninterest Revenue and Nonin_8

Noninterest Revenue and Noninterest Expense - Card Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total card income	$ 1,218	$ 1,234
Interchange and merchant processing income
Disaggregation of Revenue [Line Items]
Total card income	7,831	7,139
Rewards costs and partner payments
Disaggregation of Revenue [Line Items]
Total card income	(6,171)	(5,509)
Other card income
Disaggregation of Revenue [Line Items]
Total card income	$ (442)	$ (396)
Deferred revenues, recognition period	12 months

Noninterest Revenue and Nonin_9

Noninterest Revenue and Noninterest Expense - Other income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Noninterest revenue [Line Items]
Operating lease income	$ 672	$ 755
Losses on tax-oriented investments	(14)	(412)
Gain related to the acquisition of CIFM	$ 0	$ 339
CIFM
Schedule of Noninterest revenue [Line Items]
Percentage interest acquired		51%

Noninterest Revenue and Noni_10

Noninterest Revenue and Noninterest Expense - Noninterest Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Noninterest Income (Expense) [Abstract]
Legal expense	$ (72)		$ 176
FDIC-related expense	973		317
First Republic-related expense	230		$ 0
FDIC special assessment	725	$ 2,900
Restructuring and integration related costs	$ 155

Interest Income and Interest _3

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Loans	$ 22,874	$ 17,708
Taxable securities	4,871	3,967
Non-taxable securities	323	248
Total investment securities	5,194	4,215
Trading assets - debt instruments	4,592	3,646
Federal funds sold and securities purchased under resale agreements	4,215	3,131
Securities borrowed	2,166	1,716
Deposits with banks	6,386	4,819
All other interest-earning assets	2,011	1,769
Total interest income	47,438	37,004
Interest expense
Interest-bearing deposits	12,234	7,637
Federal funds purchased and securities loaned or sold under repurchase agreements	3,969	2,804
Short-term borrowings	535	421
Trading liabilities – debt and all other interest-bearing liabilities	2,636	1,971
Long-term debt	4,618	3,313
Beneficial interest issued by consolidated VIEs	364	147
Total interest expense	24,356	16,293
Net interest income	23,082	20,711
Provision for credit losses	1,884	2,275
Net interest income after provision for credit losses	$ 21,198	$ 18,436

Pension and Other Postretirem_3

Pension and Other Postretirement Employee Benefit Plans - Net Periodic Benefit Costs and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retirement Benefits [Abstract]
Total net periodic defined benefit plan cost/(credit)	$ (113)	$ (94)
Total defined contribution plans	388	365
Total pension and OPEB cost included in noninterest expense	$ 275	$ 271

Pension and Other Postretirem_4

Pension and Other Postretirement Employee Benefit Plans - Narrative (Details) - USD ($) $ in Billions	Mar. 31, 2024	Dec. 31, 2023
Retirement Benefits [Abstract]
Fair value of plan assets	$ 22.1	$ 22

Employee Share-based Incentiv_3

Employee Share-based Incentives - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Cost of prior grants of restricted stock units (“RSUs”), performance share units (“PSUs”) and stock appreciation rights (“SARs”) that are amortized over their applicable vesting periods	$ 435	$ 357
Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees	503	513
Total noncash compensation expense related to employee share-based incentive plans	$ 938	$ 870

Employee Share-based Incentiv_4

Employee Share-based Incentives - Narrative (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) | shares	17,000
Grants in period, weighted average grant date fair value (in dollars per share) | $ / shares	$ 164.42
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) | shares	726
Grants in period, weighted average grant date fair value (in dollars per share) | $ / shares	$ 165.62

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Approximate percentage rated at least AA+	99%	99%
Investment securities, allowance for credit losses	$ 154	$ 128	$ 90

Investment Securities - Amortiz

Investment Securities - Amortized Costs and Estimated Fair Values (Details) - USD ($)		3 Months Ended
	Jan. 01, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Available-for-sale securities
Amortized cost		$ 239,813,000,000		$ 205,456,000,000
Unallocated portfolio layer fair value basis adjustments, Amortized cost		(1,228,000,000)		73,000,000
Gross unrealized gains		1,140,000,000		1,762,000,000
Unallocated portfolio layer fair value basis adjustments, Gross unrealized gains				(73,000,000)
Unallocated portfolio layer fair value basis adjustments, Gross unrealized losses		(1,228,000,000)
Gross unrealized losses		4,801,000,000		5,514,000,000
Fair value		236,152,000,000		201,704,000,000
Held-to-maturity securities
Amortized cost		334,527,000,000		369,848,000,000
Gross unrealized gains		173,000,000		178,000,000
Gross unrealized losses		29,257,000,000		27,272,000,000
Fair value		305,443,000,000		342,754,000,000
Total investment securities, net of allowance for credit losses
Amortized cost		574,340,000,000		575,304,000,000
Gross unrealized gains		1,313,000,000		1,940,000,000
Gross unrealized losses		34,058,000,000		32,786,000,000
Fair value		541,595,000,000		544,458,000,000
HTM securities purchased		479,000,000	$ 3,600,000,000
Investment securities, allowance for credit losses		154,000,000	90,000,000	128,000,000
Accrued interest receivables on investment securities		3,400,000,000		2,800,000,000
Accrued interest receivables reversed through interest income on AFS securities		0	0
Accrued interest receivables reversed through interest income on HTM securities		0	$ 0
Total mortgage-backed securities
Available-for-sale securities
Amortized cost		80,889,000,000		95,001,000,000
Gross unrealized gains		448,000,000		896,000,000
Gross unrealized losses		4,480,000,000		4,285,000,000
Fair value		76,857,000,000		91,612,000,000
Held-to-maturity securities
Amortized cost		123,272,000,000		125,857,000,000
Gross unrealized gains		47,000,000		56,000,000
Gross unrealized losses		14,844,000,000		13,194,000,000
Fair value		108,475,000,000		112,719,000,000
U.S. GSEs and government agencies mortgage-backed securities
Available-for-sale securities
Amortized cost		75,141,000,000		88,377,000,000
Gross unrealized gains		423,000,000		870,000,000
Gross unrealized losses		4,327,000,000		4,077,000,000
Fair value		71,237,000,000		85,170,000,000
Held-to-maturity securities
Amortized cost		103,691,000,000		105,614,000,000
Gross unrealized gains		23,000,000		39,000,000
Gross unrealized losses		13,343,000,000		11,643,000,000
Fair value		90,371,000,000		94,010,000,000
Residential: U.S. Mortgage-backed securities
Available-for-sale securities
Amortized cost		1,997,000,000		2,086,000,000
Gross unrealized gains		7,000,000		10,000,000
Gross unrealized losses		68,000,000		68,000,000
Fair value		1,936,000,000		2,028,000,000
Held-to-maturity securities
Amortized cost		9,455,000,000		9,709,000,000
Gross unrealized gains		3,000,000		4,000,000
Gross unrealized losses		1,030,000,000		970,000,000
Fair value		8,428,000,000		8,743,000,000
Residential: Non-U.S. mortgage-backed securities
Available-for-sale securities
Amortized cost		1,021,000,000		1,608,000,000
Gross unrealized gains		4,000,000		4,000,000
Gross unrealized losses		0		1,000,000
Fair value		1,025,000,000		1,611,000,000
Commercial mortgage-backed securities
Available-for-sale securities
Amortized cost		2,730,000,000		2,930,000,000
Gross unrealized gains		14,000,000		12,000,000
Gross unrealized losses		85,000,000		139,000,000
Fair value		2,659,000,000		2,803,000,000
Held-to-maturity securities
Amortized cost		10,126,000,000		10,534,000,000
Gross unrealized gains		21,000,000		13,000,000
Gross unrealized losses		471,000,000		581,000,000
Fair value		9,676,000,000		9,966,000,000
U.S. Treasury and government agencies
Available-for-sale securities
Amortized cost		111,133,000,000		58,051,000,000
Gross unrealized gains		342,000,000		276,000,000
Gross unrealized losses		699,000,000		522,000,000
Fair value		110,776,000,000		57,805,000,000
Held-to-maturity securities
Amortized cost		143,724,000,000		173,666,000,000
Gross unrealized gains		0		0
Gross unrealized losses		13,552,000,000		13,074,000,000
Fair value		130,172,000,000		160,592,000,000
Obligations of U.S. states and municipalities
Available-for-sale securities
Amortized cost		19,077,000,000		21,243,000,000
Gross unrealized gains		160,000,000		390,000,000
Gross unrealized losses		426,000,000		266,000,000
Fair value		18,811,000,000		21,367,000,000
Held-to-maturity securities
Amortized cost		9,648,000,000		9,945,000,000
Gross unrealized gains		42,000,000		74,000,000
Gross unrealized losses		677,000,000		591,000,000
Fair value		9,013,000,000		9,428,000,000
Obligations of U.S. states and municipalities | Accounting Standards Update 2022-01
Total investment securities, net of allowance for credit losses
Amount of investment securities transferred from HTM to AFS	$ 7,100,000,000
Pre-tax unrealized losses recognized within AOCI for transfer of securities from HTM to AFS	$ 38,000,000
Non-U.S. government debt securities
Available-for-sale securities
Amortized cost		20,084,000,000		21,387,000,000
Gross unrealized gains		156,000,000		254,000,000
Gross unrealized losses		361,000,000		359,000,000
Fair value		19,879,000,000		21,282,000,000
Corporate debt securities
Available-for-sale securities
Amortized cost		118,000,000		128,000,000
Gross unrealized gains		0		0
Gross unrealized losses		29,000,000		28,000,000
Fair value		89,000,000		100,000,000
Asset-backed securities: Collateralized loan obligations
Available-for-sale securities
Amortized cost		7,155,000,000		6,769,000,000
Gross unrealized gains		23,000,000		11,000,000
Gross unrealized losses		14,000,000		28,000,000
Fair value		7,164,000,000		6,752,000,000
Held-to-maturity securities
Amortized cost		56,178,000,000		58,565,000,000
Gross unrealized gains		82,000,000		47,000,000
Gross unrealized losses		129,000,000		352,000,000
Fair value		56,131,000,000		58,260,000,000
Asset-backed securities: Other
Available-for-sale securities
Amortized cost		2,585,000,000		2,804,000,000
Gross unrealized gains		11,000,000		8,000,000
Gross unrealized losses		20,000,000		26,000,000
Fair value		2,576,000,000		2,786,000,000
Held-to-maturity securities
Amortized cost		1,705,000,000		1,815,000,000
Gross unrealized gains		2,000,000		1,000,000
Gross unrealized losses		55,000,000		61,000,000
Fair value		$ 1,652,000,000		$ 1,755,000,000

Investment Securities - Fair Va

Investment Securities - Fair Value and Gross Unrealized Losses by Aging Category (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale securities
Less than 12 months, Fair value	$ 17,896	$ 10,737
Less than 12 months, Gross unrealized losses	195	49
12 months or more, Fair Value	11,545	16,033
12 months or more, Gross unrealized losses	808	866
Total fair value	29,441	26,770
Total gross unrealized losses	1,003	915
Total mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	201	309
Less than 12 months, Gross unrealized losses	4	3
12 months or more, Fair Value	2,687	3,657
12 months or more, Gross unrealized losses	149	205
Total fair value	2,888	3,966
Total gross unrealized losses	153	208
U.S. GSEs and government agencies mortgage-backed securities
Available-for-sale securities
Total fair value	5,000	4,600
Residential: U.S. Mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	143	81
Less than 12 months, Gross unrealized losses	1	0
12 months or more, Fair Value	1,089	1,160
12 months or more, Gross unrealized losses	67	68
Total fair value	1,232	1,241
Total gross unrealized losses	68	68
Residential: Non-U.S. mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	0	0
Less than 12 months, Gross unrealized losses	0	0
12 months or more, Fair Value	212	722
12 months or more, Gross unrealized losses	0	1
Total fair value	212	722
Total gross unrealized losses	0	1
Commercial mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	58	228
Less than 12 months, Gross unrealized losses	3	3
12 months or more, Fair Value	1,386	1,775
12 months or more, Gross unrealized losses	82	136
Total fair value	1,444	2,003
Total gross unrealized losses	85	139
Obligations of U.S. states and municipalities
Available-for-sale securities
Less than 12 months, Fair value	9,704	2,134
Less than 12 months, Gross unrealized losses	158	20
12 months or more, Fair Value	2,181	2,278
12 months or more, Gross unrealized losses	268	246
Total fair value	11,885	4,412
Total gross unrealized losses	426	266
Non-U.S. government debt securities
Available-for-sale securities
Less than 12 months, Fair value	7,355	7,145
Less than 12 months, Gross unrealized losses	32	23
12 months or more, Fair Value	4,493	4,987
12 months or more, Gross unrealized losses	329	336
Total fair value	11,848	12,132
Total gross unrealized losses	361	359
Corporate debt securities
Available-for-sale securities
Less than 12 months, Fair value	9	9
Less than 12 months, Gross unrealized losses	0	0
12 months or more, Fair Value	47	79
12 months or more, Gross unrealized losses	29	28
Total fair value	56	88
Total gross unrealized losses	29	28
Asset-backed securities: Collateralized loan obligations
Available-for-sale securities
Less than 12 months, Fair value	458	932
Less than 12 months, Gross unrealized losses	0	2
12 months or more, Fair Value	1,122	3,744
12 months or more, Gross unrealized losses	14	26
Total fair value	1,580	4,676
Total gross unrealized losses	14	28
Asset-backed securities: Other
Available-for-sale securities
Less than 12 months, Fair value	169	208
Less than 12 months, Gross unrealized losses	1	1
12 months or more, Fair Value	1,015	1,288
12 months or more, Gross unrealized losses	19	25
Total fair value	1,184	1,496
Total gross unrealized losses	$ 20	$ 26

Investment Securities - Realize

Investment Securities - Realized Gains and Losses and Provision for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Securities gains and losses
Realized gains	$ 173	$ 131
Realized losses	(539)	(999)
Investment securities losses	(366)	(868)
Provision for credit losses	$ 26	$ 1

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Estimated Fair Value by Contractual Maturity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Available-for-sale securities, Amortized cost
Due in one year or less	$ 5,114
Due after one year through five years	85,526
Due after five years through 10 years	41,806
Due after 10 years	108,629
Amortized cost	241,075
Available-for-sale securities, Fair value
Due in one year or less	5,034
Due after one year through five years	85,241
Due after five years through 10 years	41,759
Due after 10 years	104,118
Fair value	$ 236,152	$ 201,704
Available-for-sale securities, Average yield
Due in one year or less	3.50%
Due after one year through five years	4.99%
Due after five years through 10 years	5.79%
Due after 10 years	5.09%
Average yield	5.12%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 35,177
Due after one year through five years	66,607
Due after five years through 10 years	77,110
Due after 10 years	155,753
Amortized cost	334,647
Total held-to-maturity securities, Fair value
Due in one year or less	34,608
Due after one year through five years	61,235
Due after five years through 10 years	68,026
Due after 10 years	141,574
Fair value	$ 305,443	342,754
Total held-to-maturity securities, Average yield
Due in one year or less	0.88%
Due after one year through five years	1.11%
Due after five years through 10 years	2.73%
Due after 10 years	3.91%
Average yield	2.76%
Supplemental information
Available for sale securities allowance for credit losses	$ 34
Unallocated portfolio layer fair value hedge basis adjustments	(1,200)
Held-to-maturity securities allowance for credit losses	$ 120
US government agencies and US government sponsored enterprises residential MBS estimated duration	8 years
Agency residential collateralized mortgage obligations estimated duration	6 years
Nonagency residential collateralized mortgage obligations estimated duration	6 years
Minimum
Supplemental information
Due period of mortgage-backed securities and collateralized mortgage obligations	10 years
Mortgage-backed securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 0
Due after one year through five years	5,331
Due after five years through 10 years	4,742
Due after 10 years	70,816
Amortized cost	80,889
Available-for-sale securities, Fair value
Due in one year or less	0
Due after one year through five years	5,252
Due after five years through 10 years	4,773
Due after 10 years	66,832
Fair value	$ 76,857	91,612
Available-for-sale securities, Average yield
Due in one year or less	0%
Due after one year through five years	5.32%
Due after five years through 10 years	6.20%
Due after 10 years	4.65%
Average yield	4.79%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 0
Due after one year through five years	6,244
Due after five years through 10 years	8,239
Due after 10 years	108,871
Amortized cost	123,354
Total held-to-maturity securities, Fair value
Due in one year or less	0
Due after one year through five years	5,782
Due after five years through 10 years	7,275
Due after 10 years	95,418
Fair value	$ 108,475	112,719
Total held-to-maturity securities, Average yield
Due in one year or less	0%
Due after one year through five years	2.57%
Due after five years through 10 years	2.65%
Due after 10 years	3.02%
Average yield	2.97%
U.S. Treasury and government agencies
Available-for-sale securities, Amortized cost
Due in one year or less	$ 0
Due after one year through five years	74,048
Due after five years through 10 years	30,318
Due after 10 years	6,767
Amortized cost	111,133
Available-for-sale securities, Fair value
Due in one year or less	0
Due after one year through five years	73,880
Due after five years through 10 years	30,464
Due after 10 years	6,432
Fair value	$ 110,776	57,805
Available-for-sale securities, Average yield
Due in one year or less	0%
Due after one year through five years	5%
Due after five years through 10 years	6.17%
Due after 10 years	6.70%
Average yield	5.42%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 35,177
Due after one year through five years	60,356
Due after five years through 10 years	48,191
Due after 10 years	0
Amortized cost	143,724
Total held-to-maturity securities, Fair value
Due in one year or less	34,608
Due after one year through five years	55,446
Due after five years through 10 years	40,118
Due after 10 years	0
Fair value	$ 130,172	160,592
Total held-to-maturity securities, Average yield
Due in one year or less	0.88%
Due after one year through five years	0.96%
Due after five years through 10 years	1.25%
Due after 10 years	0%
Average yield	1.04%
Obligations of U.S. states and municipalities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 9
Due after one year through five years	22
Due after five years through 10 years	115
Due after 10 years	18,931
Amortized cost	19,077
Available-for-sale securities, Fair value
Due in one year or less	8
Due after one year through five years	21
Due after five years through 10 years	114
Due after 10 years	18,668
Fair value	$ 18,811	21,367
Available-for-sale securities, Average yield
Due in one year or less	3.64%
Due after one year through five years	1.94%
Due after five years through 10 years	3.92%
Due after 10 years	5.95%
Average yield	5.93%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 0
Due after one year through five years	0
Due after five years through 10 years	268
Due after 10 years	9,418
Amortized cost	9,686
Total held-to-maturity securities, Fair value
Due in one year or less	0
Due after one year through five years	0
Due after five years through 10 years	239
Due after 10 years	8,774
Fair value	$ 9,013	9,428
Total held-to-maturity securities, Average yield
Due in one year or less	0%
Due after one year through five years	0%
Due after five years through 10 years	3.15%
Due after 10 years	3.92%
Average yield	3.90%
Non-U.S. government debt securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 4,996
Due after one year through five years	5,337
Due after five years through 10 years	3,980
Due after 10 years	5,771
Amortized cost	20,084
Available-for-sale securities, Fair value
Due in one year or less	4,979
Due after one year through five years	5,304
Due after five years through 10 years	3,754
Due after 10 years	5,842
Fair value	$ 19,879	21,282
Available-for-sale securities, Average yield
Due in one year or less	3.31%
Due after one year through five years	4.56%
Due after five years through 10 years	2.10%
Due after 10 years	3.98%
Average yield	3.59%
Corporate debt securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 74
Due after one year through five years	64
Due after five years through 10 years	14
Due after 10 years	0
Amortized cost	152
Available-for-sale securities, Fair value
Due in one year or less	12
Due after one year through five years	64
Due after five years through 10 years	13
Due after 10 years	0
Fair value	$ 89	$ 100
Available-for-sale securities, Average yield
Due in one year or less	15.50%
Due after one year through five years	6.19%
Due after five years through 10 years	4.10%
Due after 10 years	0%
Average yield	10.51%
Asset-backed securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 35
Due after one year through five years	724
Due after five years through 10 years	2,637
Due after 10 years	6,344
Amortized cost	9,740
Available-for-sale securities, Fair value
Due in one year or less	35
Due after one year through five years	720
Due after five years through 10 years	2,641
Due after 10 years	6,344
Fair value	$ 9,740
Available-for-sale securities, Average yield
Due in one year or less	5.17%
Due after one year through five years	4.41%
Due after five years through 10 years	6.36%
Due after 10 years	6.80%
Average yield	6.50%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 0
Due after one year through five years	7
Due after five years through 10 years	20,412
Due after 10 years	37,464
Amortized cost	57,883
Total held-to-maturity securities, Fair value
Due in one year or less	0
Due after one year through five years	7
Due after five years through 10 years	20,394
Due after 10 years	37,382
Fair value	$ 57,783
Total held-to-maturity securities, Average yield
Due in one year or less	0%
Due after one year through five years	6.59%
Due after five years through 10 years	6.26%
Due after 10 years	6.52%
Average yield	6.43%

Securities Financing Activiti_3

Securities Financing Activities - Gross and Net Amounts of Securities Financing Agreements (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Securities purchased under resale agreements, Gross amounts	$ 604,201	$ 523,308
Securities purchased under resale agreements, Amounts netted on the Consolidated balance sheets	(273,642)	(247,181)
Securities purchased under resale agreements, Amounts presented on the Consolidated balance sheets	330,559	276,127
Securities purchased under resale agreements, Amounts not nettable on the Consolidated balance sheets	(322,889)	(267,582)
Securities purchased under resale agreements, Net amounts	7,670	8,545
Securities borrowed, Gross amounts	245,443	244,046
Securities borrowed, Amounts netted on the Consolidated balance sheets	(47,107)	(43,610)
Securities borrowed, Amounts presented on the Consolidated balance sheets	198,336	200,436
Securities borrowed, Amounts not nettable on the Consolidated balance sheets	(148,169)	(144,543)
Securities borrowed, Net amounts	50,167	55,893
Liabilities
Securities sold under repurchase agreements, Gross amounts	595,265	459,985
Securities sold under repurchase agreements, Amounts netted on the Consolidated balance sheets	(273,642)	(247,181)
Securities sold under repurchase agreements, Amounts presented on the Consolidated balance sheets	321,623	212,804
Securities sold under repurchase agreements, Amounts not nettable on the Consolidated balance sheets	(284,587)	(182,011)
Securities sold under repurchase agreements, Net amounts	37,036	30,793
Securities loaned and other, Gross amounts	58,708	52,142
Securities loaned and other, Amounts netted on the Consolidated balance sheets	(47,107)	(43,610)
Securities loaned and other, Amounts presented on the Consolidated balance sheets	11,601	8,532
Securities loaned and other, Amounts not nettable on the Consolidated balance sheets	(11,369)	(8,501)
Securities loaned and other, Net amounts	232	31
Securities purchased under resale agreements where an appropriate legal opinion with respect to the master netting agreement has not been either sought or obtained	5,500	7,100
where an appropriate legal opinion with respect to the master netting agreement has not been either sought or obtained	45,600	50,700
Securities sold under agreements to repurchase where an appropriate legal opinion with respect to the master netting agreement has not been either sought or obtained	36,200	30,000
Securities-for-securities
Liabilities
Securities loaned and other, Amounts presented on the Consolidated balance sheets	$ 8,900	$ 5,600

Securities Financing Activiti_4

Securities Financing Activities - Types of Financial Assets Pledged and Remaining Maturity (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	$ 595,265	$ 459,985
Securities loaned and other	58,708	52,142
Overnight and continuous
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	270,443	259,048
Securities loaned and other	57,204	49,610
Up to 30 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	193,549	102,941
Securities loaned and other	292	1,544
30 – 90 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	43,467	20,960
Securities loaned and other	2	0
Greater than 90 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	87,806	77,036
Securities loaned and other	1,210	988
Mortgage-backed securities, U.S. GSEs and government agencies
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	71,065	71,064
Securities loaned and other	0	0
Mortgage-backed securities, Residential - nonagency
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	2,233	2,292
Securities loaned and other	0	0
Mortgage-backed securities, Commercial - nonagency
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	2,357	2,669
Securities loaned and other	0	0
U.S. Treasury, GSEs and government agencies
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	300,105	216,467
Securities loaned and other	809	1,034
Obligations of U.S. states and municipalities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	2,189	2,323
Securities loaned and other	0	0
Non-U.S. government debt
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	134,763	97,400
Securities loaned and other	2,682	1,455
Corporate debt securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	41,765	39,247
Securities loaned and other	2,437	2,025
Asset-backed securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	4,181	2,703
Securities loaned and other	0	0
Equity securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	36,607	25,820
Securities loaned and other	$ 52,780	$ 47,628

Securities Financing Activiti_5

Securities Financing Activities - Transfers Not Qualifying for Sale Accounting (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Securities Financing Transactions Disclosures [Abstract]
Transfers not qualifying for sale accounting	$ 443	$ 505

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) loan_segment	Mar. 31, 2023 USD ($)
Receivables [Abstract]
Number of portfolio segments | loan_segment	3
Net gains/(losses) on sales of loans and lending-related commitments	$ 96	$ 23
Net gains/(losses) on sales of loans	$ 66	$ 27

Loans - By Portfolio Segment (D

Loans - By Portfolio Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loan balances by portfolio segment:
Retained loans	$ 1,264,093	$ 1,084,850	$ 1,280,870
Held-for-sale	6,477		3,985
Loans at fair value	39,046		38,851
Total	1,309,616		1,323,706
Accrued interest receivables	6,800		6,800
Accrued interest receivables written off	31	11
Consumer, excluding credit card
Loan balances by portfolio segment:
Retained loans	389,592	300,447	397,275
Held-for-sale	1,331		487
Loans at fair value	12,481		12,331
Total	403,404		410,093
Credit card
Loan balances by portfolio segment:
Retained loans	206,740		211,123
Held-for-sale	0		0
Loans at fair value	0		0
Total	206,740		211,123
Wholesale
Loan balances by portfolio segment:
Retained loans	667,761	$ 604,324	672,472
Held-for-sale	5,146		3,498
Loans at fair value	26,565		26,520
Total	$ 699,472		$ 702,490

Loans - Purchased, Sold and Rec

Loans - Purchased, Sold and Reclassified to Held-for-Sale (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	$ 285	$ 242
Sales	12,946	9,171
Retained loans reclassified to held-for-sale	1,172	357
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	124	79
Sales	3,364	0
Retained loans reclassified to held-for-sale	987	43
Excluded retained loans purchased from correspondents that were originated in accordance with the Firm's underwriting standards	204	663
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	0	0
Sales	0	0
Retained loans reclassified to held-for-sale	0	0
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	161	163
Sales	9,582	9,171
Retained loans reclassified to held-for-sale	$ 185	$ 314

Loans - Consumer, Excluding Cre

Loans - Consumer, Excluding Credit Card Loan Portfolio (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,264,093	$ 1,280,870	$ 1,084,850
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	389,592	397,275	$ 300,447
Consumer, excluding credit card | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	319,984	326,409
Consumer, excluding credit card | Auto and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 69,608	$ 70,866

Loans - Consumer, Excluding C_2

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loans by origination year
Total retained loans	$ 1,264,093	$ 1,084,850	$ 1,280,870
Gross charge-offs by origination year
Total gross charge-offs	2,381	1,451
Consumer, excluding credit card
Loans by origination year
Total retained loans	389,592	300,447	397,275
Gross charge-offs by origination year
Total gross charge-offs	331	$ 235
Consumer, excluding credit card | Residential real estate
Loans by origination year
Term loans originated in 2024/2023	2,148		23,250
Term loans originated in 2023/2022	20,079		64,450
Term loans originated in 2022/2021	63,824		84,602
Term loans originated in 2021/2020	83,606		55,624
Term loans originated in 2020/2019	54,977		21,592
Term loans originated prior to 2020/2019	80,008		60,820
Revolving loans within the revolving period	7,103		7,533
Revolving loans converted to term loans	8,239		8,538
Total retained loans	$ 319,984		$ 326,409
% of 30+ days past due to total retained loans by origination year
% of 30 plus days past due to total retained loans, Term loans originated in 2024/2023	0%		0.15%
% of 30 plus days past due to total retained loans, Term loans originated in 2022/2022	0.10%		0.13%
% of 30 plus days past due to total retained loans, Term loans originated in 2022/2021	0.24%		0.13%
% of 30 plus days past due to total retained loans, Term loans originated in 2021/2020	0.15%		0.14%
% of 30 plus days past due to total retained loans, Term loans originated in 2020/2019	0.15%		0.29%
% of 30 plus days past due to total retained loans, Term loans originated prior to 2020/2019	1.61%		2.04%
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	0.70%		0.72%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	4.78%		4.53%
% of 30 plus days past due to total retained loans	0.66%		0.63%
Gross charge-offs by origination year
Gross charge-offs originated in 2024/2023	$ 0		$ 0
Gross charge-offs originated in 2023/2022	0		0
Gross charge-offs originated in 2022/2021	0		0
Gross charge-offs originated in 2021/2020	0		0
Gross charge-offs originated in 2020/2019	0		4
Gross charge-offs originated prior to 2020/2019	55		167
Gross charge-offs originated within the revolving period	5		26
Gross charge-offs originated converted to term loans	3		7
Total gross charge-offs	$ 63		204
Consumer, excluding credit card | Residential real estate | Senior lien
Gross charge-offs by origination year
Percentage of total revolving loans that are senior lien loans	37%
Consumer, excluding credit card | Residential real estate | Current
Loans by origination year
Term loans originated in 2024/2023	$ 2,148		23,216
Term loans originated in 2023/2022	20,058		64,366
Term loans originated in 2022/2021	63,668		84,496
Term loans originated in 2021/2020	83,481		55,546
Term loans originated in 2020/2019	54,894		21,530
Term loans originated prior to 2020/2019	78,706		59,563
Revolving loans within the revolving period	7,053		7,479
Revolving loans converted to term loans	7,845		8,151
Total retained loans	317,853		324,347
Consumer, excluding credit card | Residential real estate | 30–149 days past due
Loans by origination year
Term loans originated in 2024/2023	0		33
Term loans originated in 2023/2022	19		74
Term loans originated in 2022/2021	114		89
Term loans originated in 2021/2020	95		70
Term loans originated in 2020/2019	49		41
Term loans originated prior to 2020/2019	762		801
Revolving loans within the revolving period	42		49
Revolving loans converted to term loans	230		223
Total retained loans	1,311		1,380
Consumer, excluding credit card | Residential real estate | 150 or more days past due
Loans by origination year
Term loans originated in 2024/2023	0		1
Term loans originated in 2023/2022	2		10
Term loans originated in 2022/2021	42		17
Term loans originated in 2021/2020	30		8
Term loans originated in 2020/2019	34		21
Term loans originated prior to 2020/2019	540		456
Revolving loans within the revolving period	8		5
Revolving loans converted to term loans	164		164
Total retained loans	$ 820		$ 682

Loans - Consumer, Excluding C_3

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Nonaccrual Loans and Other Credit Quality Indicators (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,264,093	$ 1,084,850	$ 1,280,870
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	389,592	300,447	397,275
Consumer, excluding credit card | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,449		3,466
Retained loans	$ 319,984		$ 326,409
Weighted average LTV ratio	48%		49%
Weighted average FICO	776		770
Approximate percentage of Chapter 7 loans 30 days or more past due	9%
Interest income on nonaccrual loans recognized on a cash basis	$ 43	$ 45
Consumer, excluding credit card | Residential real estate | California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	125,046		$ 127,072
Consumer, excluding credit card | Residential real estate | New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	48,175		48,815
Consumer, excluding credit card | Residential real estate | Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	22,371		22,778
Consumer, excluding credit card | Residential real estate | Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	15,106		15,506
Consumer, excluding credit card | Residential real estate | Massachusetts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	14,014		14,213
Consumer, excluding credit card | Residential real estate | Colorado
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	10,590		10,800
Consumer, excluding credit card | Residential real estate | Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	10,540		10,856
Consumer, excluding credit card | Residential real estate | Washington
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	9,573		9,923
Consumer, excluding credit card | Residential real estate | New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	7,863		8,050
Consumer, excluding credit card | Residential real estate | Connecticut
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	7,020		7,163
Consumer, excluding credit card | Residential real estate | All other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	49,686		51,233
Consumer, excluding credit card | Residential real estate | No FICO/LTV available
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	1,037		989
Consumer, excluding credit card | Residential real estate | Greater than 125% and refreshed FICO scores | Equal to or greater than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	70		72
Consumer, excluding credit card | Residential real estate | Greater than 125% and refreshed FICO scores | Less than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	0		0
Consumer, excluding credit card | Residential real estate | 101% to 125% and refreshed FICO scores | Equal to or greater than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	228		223
Consumer, excluding credit card | Residential real estate | 101% to 125% and refreshed FICO scores | Less than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5		4
Consumer, excluding credit card | Residential real estate | 80% to 100% and refreshed FICO scores | Equal to or greater than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	6,533		6,491
Consumer, excluding credit card | Residential real estate | 80% to 100% and refreshed FICO scores | Less than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	102		102
Consumer, excluding credit card | Residential real estate | Lower than 80% and refreshed FICO scores | Equal to or greater than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	302,573		309,251
Consumer, excluding credit card | Residential real estate | Lower than 80% and refreshed FICO scores | Less than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 9,436		$ 9,277

Loans - Consumer, Excluding C_4

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Loan Modifications (Details) - Consumer, excluding credit card - Residential real estate - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Modified [Line Items]
FDMs	$ 39,000,000	$ 38,000,000
Weighted-average term loan extensions	16 years	24 years
Weighted average interest rate before modification			7.39%	5.84%
Weighted average interest rate after modification	4.28%	3.57%
Commitments to lend to borrowers experiencing financial difficulty	$ 0		$ 0

Loans - Consumer, Excluding C_5

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Payment Status of FDMs and Defaults (Details) - Consumer, excluding credit card - Residential real estate - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	$ 125,000,000	$ 38,000,000
FDM's that defaulted	0	0
Current
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	97,000,000	37,000,000
30–149 days past due
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	17,000,000	1,000,000
150 or more days past due
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	$ 11,000,000	$ 0

Loans - Consumer, Excluding C_6

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Active and Suspended Foreclosure (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Financing Receivable, Past Due [Line Items]
Carrying value	$ 1,264,093	$ 1,280,870	$ 1,084,850
Consumer, excluding credit card
Financing Receivable, Past Due [Line Items]
Carrying value	389,592	397,275	$ 300,447
Consumer, excluding credit card | Residential real estate
Financing Receivable, Past Due [Line Items]
Carrying value	319,984	326,409
Consumer, excluding credit card | Residential real estate | In process of active or suspended foreclosure
Financing Receivable, Past Due [Line Items]
Carrying value	$ 608	$ 566

Loans - Consumer, Excluding C_7

Loans - Consumer, Excluding Credit Card Loan Portfolio, Auto and Other (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loans by origination year
Total retained loans	$ 1,264,093	$ 1,084,850	$ 1,280,870
Gross charge-offs by origination year
Total gross charge-offs	2,381	1,451
Consumer, excluding credit card
Loans by origination year
Total retained loans	389,592	300,447	397,275
Gross charge-offs by origination year
Total gross charge-offs	331	$ 235
Consumer, excluding credit card | Auto and other
Loans by origination year
Term loans originated in 2024/2023	7,230		30,605
Term loans originated in 2023/2022	26,562		15,077
Term loans originated in 2022/2021	13,590		13,063
Term loans originated in 2021/2020	11,491		6,624
Term loans originated in 2020/2019	5,608		1,820
Term loans originated prior to 2020/2019	1,763		528
Revolving loans within the revolving period	3,214		3,006
Revolving loans converted to term loans	150		143
Total retained loans	$ 69,608		$ 70,866
% of 30+ days past due to total retained loans by origination year
% of 30 plus days past due to total retained loans, Term loans originated in 2024/2023	0.76%		0.91%
% of 30 plus days past due to total retained loans, Term loans originated in 2022/2022	0.88%		1.86%
% of 30 plus days past due to total retained loans, Term loans originated in 2022/2021	1.69%		1.75%
% of 30 plus days past due to total retained loans, Term loans originated in 2021/2020	1.56%		1.15%
% of 30 plus days past due to total retained loans, Term loans originated in 2020/2019	1.07%		2.36%
% of 30 plus days past due to total retained loans, Term loans originated prior to 2020/2019	2.21%		3.22%
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	0.75%		0.73%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	31.33%		28.67%
% of 30 plus days past due to total retained loans	1.24%		1.39%
Gross charge-offs by origination year
Gross charge-offs originated in 2024/2023	$ 22		$ 333
Gross charge-offs originated in 2023/2022	111		297
Gross charge-offs originated in 2022/2021	63		161
Gross charge-offs originated in 2021/2020	36		53
Gross charge-offs originated in 2020/2019	11		35
Gross charge-offs originated prior to 2020/2019	24		64
Gross charge-offs originated within the revolving period	0		0
Gross charge-offs originated converted to term loans	1		4
Total gross charge-offs	268		947
Current | Consumer, excluding credit card | Auto and other
Loans by origination year
Term loans originated in 2024/2023	7,175		30,328
Term loans originated in 2023/2022	26,329		14,797
Term loans originated in 2022/2021	13,361		12,825
Term loans originated in 2021/2020	11,306		6,538
Term loans originated in 2020/2019	5,538		1,777
Term loans originated prior to 2020/2019	1,724		511
Revolving loans within the revolving period	3,190		2,984
Revolving loans converted to term loans	103		102
Total retained loans	68,726		69,862
30–119 days past due | Consumer, excluding credit card | Auto and other
Loans by origination year
Term loans originated in 2024/2023	55		276
Term loans originated in 2023/2022	232		279
Term loans originated in 2022/2021	228		231
Term loans originated in 2021/2020	180		78
Term loans originated in 2020/2019	62		43
Term loans originated prior to 2020/2019	39		17
Revolving loans within the revolving period	23		19
Revolving loans converted to term loans	28		24
Total retained loans	847		967
120 or more days past due | Consumer, excluding credit card | Auto and other
Loans by origination year
Term loans originated in 2024/2023	0		1
Term loans originated in 2023/2022	1		1
Term loans originated in 2022/2021	1		7
Term loans originated in 2021/2020	5		8
Term loans originated in 2020/2019	8		0
Term loans originated prior to 2020/2019	0		0
Revolving loans within the revolving period	1		3
Revolving loans converted to term loans	19		17
Total retained loans	$ 35		$ 37

Loans - Consumer, Excluding C_8

Loans - Consumer, Excluding Credit Card Loan Portfolio, Auto and Other, Nonaccrual and Other Credit Quality Indicators and Loan Modifications (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	$ 1,264,093,000,000	$ 1,280,870,000,000	$ 1,084,850,000,000
Consumer, excluding credit card
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	389,592,000,000	397,275,000,000	$ 300,447,000,000
Consumer, excluding credit card | Auto and other
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans	181,000,000	177,000,000
Retained loans	69,608,000,000	70,866,000,000
Commitments to lend to borrowers experiencing financial difficulty	0	0
Consumer, excluding credit card | Auto and other | California
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	10,794,000,000	10,959,000,000
Consumer, excluding credit card | Auto and other | Texas
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	8,318,000,000	8,502,000,000
Consumer, excluding credit card | Auto and other | Florida
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	5,632,000,000	5,684,000,000
Consumer, excluding credit card | Auto and other | New York
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	4,911,000,000	4,938,000,000
Consumer, excluding credit card | Auto and other | Illinois
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	3,059,000,000	3,147,000,000
Consumer, excluding credit card | Auto and other | New Jersey
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	2,565,000,000	2,609,000,000
Consumer, excluding credit card | Auto and other | Pennsylvania
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,907,000,000	1,900,000,000
Consumer, excluding credit card | Auto and other | Georgia
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,858,000,000	1,912,000,000
Consumer, excluding credit card | Auto and other | Arizona
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,736,000,000	1,779,000,000
Consumer, excluding credit card | Auto and other | North Carolina
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,679,000,000	1,714,000,000
Consumer, excluding credit card | Auto and other | All other
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	$ 27,149,000,000	$ 27,722,000,000

Loans - Credit Card Loan Portfo

Loans - Credit Card Loan Portfolio, Delinquency Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total retained loans	$ 1,264,093	$ 1,084,850	$ 1,280,870
Total gross charge-offs	2,381	$ 1,451
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	205,620		210,117
Revolving loans converted to term loans	1,120		1,006
Total retained loans	$ 206,740		$ 211,123
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	2.17%		2.09%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	13.04%		12.33%
% of 30 plus days past due to total retained loans	2.23%		2.14%
% of 90 plus days past due to total retained loans, Revolving loans within the revolving period	1.14%		1.03%
% of 90 plus days past due to total retained loans, Revolving loans converted to term loans	4.73%		3.98%
% of 90 plus days past due to total retained loans	1.16%		1.05%
Gross charge-offs originated within the revolving period	$ 1,860		$ 5,325
Gross charge-offs originated converted to term loans	54		166
Total gross charge-offs	1,914		5,491
Credit card | Current and less than 30 days past due and still accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	201,163		205,731
Revolving loans converted to term loans	974		882
Total retained loans	202,137		206,613
Credit card | 30–89 days past due and still accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	2,106		2,217
Revolving loans converted to term loans	93		84
Total retained loans	2,199		2,301
Credit card | 90 or more days past due and still accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	2,351		2,169
Revolving loans converted to term loans	53		40
Total retained loans	$ 2,404		$ 2,209

Loans - Credit Card Loan Port_2

Loans - Credit Card Loan Portfolio, Other Credit Quality Indicators (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,264,093	$ 1,280,870	$ 1,084,850
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 206,740	$ 211,123
Percentage of portfolio based on carrying value with estimated refreshed FICO scores, Equal to or greater than 660	85.20%	85.80%
Percentage of portfolio based on carrying value with estimated refreshed FICO scores, Less than 660	14.70%	14%
Percentage of portfolio based on carrying value with estimated refreshed FICO scores, No FICO available	0.10%	0.20%
Credit card | California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 32,053	$ 32,652
Credit card | Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	21,833	22,086
Credit card | New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	16,561	16,915
Credit card | Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	15,043	15,103
Credit card | Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	11,137	11,364
Credit card | New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	8,495	8,688
Credit card | Ohio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	6,211	6,424
Credit card | Colorado
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	6,210	6,307
Credit card | Pennsylvania
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,885	6,088
Credit card | Arizona
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,179	5,209
Credit card | All other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 78,133	$ 80,287

Loans - Credit Card Loan Port_3

Loans - Credit Card Loan Portfolio, Loan Modifications, Narrative (Details) - Credit card	3 Months Ended
	Mar. 31, 2024 USD ($) loan_payment	Mar. 31, 2023 USD ($)
Financing Receivable, Modified [Line Items]
Fixed payment plan period	60 months
FDM's that defaulted | $	$ 0	$ 0
Number of payments past due considered payment default for modified loans | loan_payment	2

Loans - Credit Card Loan Port_4

Loans - Credit Card Loan Portfolio, Financial Effect of FDMs (Details) - Credit card - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 259	$ 163
Term extension and interest rate reduction
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 259	$ 163
% of loan modifications to total retained loans	0.13%	0.09%
Weighted average interest rate before modification			23.88%	22.62%
Weighted average interest rate after modification	3.30%	3.50%

Loans - Credit Card Loan Port_5

Loans - Credit Card Loan Portfolio, Payment Status of FDMs (Details) - Credit card - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	$ 734	$ 163
Current and less than 30 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	626	113
30–89 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	65	30
90 or more days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	$ 43	$ 20

Loans - Wholesale Loan Portfoli

Loans - Wholesale Loan Portfolio, Internal Risk Ratings (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,264,093	$ 1,084,850	$ 1,280,870
Loans by origination year
Total retained loans	1,264,093	1,084,850	1,280,870
Gross charge-offs by origination year
Total gross charge-offs	2,381	1,451
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 667,761	604,324	$ 672,472
% of investment-grade to total retained loans	67.93%		68.23%
% of total criticized to total retained loans	3.79%		3.51%
% of criticized nonaccrual to total retained loans	0.44%		0.35%
Loans by origination year
Total retained loans	$ 667,761	604,324	$ 672,472
Gross charge-offs by origination year
Total gross charge-offs	136	$ 105
Wholesale | Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	453,592		458,838
Loans by origination year
Total retained loans	453,592		458,838
Wholesale | Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	214,169		213,634
Loans by origination year
Total retained loans	214,169		213,634
Wholesale | Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	188,850		190,056
Loans by origination year
Total retained loans	188,850		190,056
Wholesale | Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	22,392		21,232
Loans by origination year
Total retained loans	22,392		21,232
Wholesale | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	2,927		2,346
Loans by origination year
Total retained loans	2,927		2,346
Wholesale | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 163,184		$ 162,338
% of investment-grade to total retained loans	72.82%		74.17%
% of total criticized to total retained loans	5.53%		4.74%
% of criticized nonaccrual to total retained loans	0.36%		0.25%
Loans by origination year
Term loans originated in 2024/2023	$ 2,889		$ 15,164
Term loans originated in 2023/2022	15,515		41,453
Term loans originated in 2022/2021	41,163		33,623
Term loans originated in 2021/2020	33,452		20,660
Term loans originated in 2020/2019	20,213		19,664
Term loans originated prior to 2020/2019	47,166		29,026
Revolving loans within the revolving period	2,785		2,746
Revolving loans converted to term loans	1		2
Total retained loans	163,184		162,338
Gross charge-offs by origination year
Gross charge-offs originated in 2024/2023	0		20
Gross charge-offs originated in 2023/2022	5		48
Gross charge-offs originated in 2022/2021	20		22
Gross charge-offs originated in 2021/2020	0		0
Gross charge-offs originated in 2020/2019	0		23
Gross charge-offs originated prior to 2020/2019	3		78
Gross charge-offs originated within the revolving period	0		0
Gross charge-offs originated converted to term loans	0		1
Total gross charge-offs	28		192
Wholesale | Secured by real estate | Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	118,829		120,405
Loans by origination year
Term loans originated in 2024/2023	1,847		10,687
Term loans originated in 2023/2022	10,697		28,874
Term loans originated in 2022/2021	28,184		25,784
Term loans originated in 2021/2020	24,877		16,820
Term loans originated in 2020/2019	16,470		15,677
Term loans originated prior to 2020/2019	35,371		21,108
Revolving loans within the revolving period	1,383		1,455
Revolving loans converted to term loans	0		0
Total retained loans	118,829		120,405
Wholesale | Secured by real estate | Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	44,355		41,933
Loans by origination year
Term loans originated in 2024/2023	1,042		4,477
Term loans originated in 2023/2022	4,818		12,579
Term loans originated in 2022/2021	12,979		7,839
Term loans originated in 2021/2020	8,575		3,840
Term loans originated in 2020/2019	3,743		3,987
Term loans originated prior to 2020/2019	11,795		7,918
Revolving loans within the revolving period	1,402		1,291
Revolving loans converted to term loans	1		2
Total retained loans	44,355		41,933
Wholesale | Secured by real estate | Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	35,333		34,241
Loans by origination year
Total retained loans	35,333		34,241
Wholesale | Secured by real estate | Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	8,431		7,291
Loans by origination year
Total retained loans	8,431		7,291
Wholesale | Secured by real estate | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 591		$ 401
% of criticized nonaccrual to total retained loans	0.36%		0.25%
Loans by origination year
Total retained loans	$ 591		$ 401
Wholesale | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 167,518		$ 167,166
% of investment-grade to total retained loans	42.57%		43.44%
% of total criticized to total retained loans	8.23%		8.32%
% of criticized nonaccrual to total retained loans	0.86%		0.73%
Loans by origination year
Term loans originated in 2024/2023	$ 10,412		$ 33,765
Term loans originated in 2023/2022	25,270		27,086
Term loans originated in 2022/2021	25,015		13,575
Term loans originated in 2021/2020	12,516		4,280
Term loans originated in 2020/2019	3,412		2,174
Term loans originated prior to 2020/2019	3,613		2,121
Revolving loans within the revolving period	87,164		84,090
Revolving loans converted to term loans	116		75
Total retained loans	167,518		167,166
Gross charge-offs by origination year
Gross charge-offs originated in 2024/2023	3		25
Gross charge-offs originated in 2023/2022	3		8
Gross charge-offs originated in 2022/2021	19		110
Gross charge-offs originated in 2021/2020	3		55
Gross charge-offs originated in 2020/2019	1		2
Gross charge-offs originated prior to 2020/2019	3		12
Gross charge-offs originated within the revolving period	43		259
Gross charge-offs originated converted to term loans	0		8
Total gross charge-offs	75		479
Wholesale | Commercial and industrial | Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	71,308		72,624
Loans by origination year
Term loans originated in 2024/2023	5,552		14,875
Term loans originated in 2023/2022	9,804		10,642
Term loans originated in 2022/2021	9,117		4,276
Term loans originated in 2021/2020	4,040		2,291
Term loans originated in 2020/2019	1,705		1,030
Term loans originated prior to 2020/2019	1,818		1,115
Revolving loans within the revolving period	39,229		38,394
Revolving loans converted to term loans	43		1
Total retained loans	71,308		72,624
Wholesale | Commercial and industrial | Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	96,210		94,542
Loans by origination year
Term loans originated in 2024/2023	4,860		18,890
Term loans originated in 2023/2022	15,466		16,444
Term loans originated in 2022/2021	15,898		9,299
Term loans originated in 2021/2020	8,476		1,989
Term loans originated in 2020/2019	1,707		1,144
Term loans originated prior to 2020/2019	1,795		1,006
Revolving loans within the revolving period	47,935		45,696
Revolving loans converted to term loans	73		74
Total retained loans	96,210		94,542
Wholesale | Commercial and industrial | Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	82,426		80,637
Loans by origination year
Total retained loans	82,426		80,637
Wholesale | Commercial and industrial | Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	12,349		12,684
Loans by origination year
Total retained loans	12,349		12,684
Wholesale | Commercial and industrial | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	1,435		1,221
Loans by origination year
Total retained loans	1,435		1,221
Wholesale | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 337,059		$ 342,968
% of investment-grade to total retained loans	78.16%		77.50%
% of total criticized to total retained loans	0.75%		0.58%
% of criticized nonaccrual to total retained loans	0.27%		0.21%
Loans by origination year
Term loans originated in 2024/2023	$ 13,887		$ 52,392
Term loans originated in 2023/2022	43,571		26,126
Term loans originated in 2022/2021	24,390		16,202
Term loans originated in 2021/2020	14,816		12,271
Term loans originated in 2020/2019	11,633		4,532
Term loans originated prior to 2020/2019	12,223		8,663
Revolving loans within the revolving period	214,338		220,529
Revolving loans converted to term loans	2,201		2,253
Total retained loans	337,059		342,968
Gross charge-offs by origination year
Gross charge-offs originated in 2024/2023	0		5
Gross charge-offs originated in 2023/2022	7		298
Gross charge-offs originated in 2022/2021	0		8
Gross charge-offs originated in 2021/2020	18		8
Gross charge-offs originated in 2020/2019	7		0
Gross charge-offs originated prior to 2020/2019	1		8
Gross charge-offs originated within the revolving period	0		13
Gross charge-offs originated converted to term loans	0		0
Total gross charge-offs	33		340
Wholesale | Other | Individuals and individual entities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	105,200		106,900
Loans by origination year
Total retained loans	105,200		106,900
Wholesale | Other | SPEs
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	87,300		91,200
Loans by origination year
Total retained loans	87,300		91,200
Wholesale | Other | Financial institutions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	85,100		87,500
Loans by origination year
Total retained loans	85,100		87,500
Wholesale | Other | Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	263,455		265,809
Loans by origination year
Term loans originated in 2024/2023	10,191		38,338
Term loans originated in 2023/2022	32,625		18,034
Term loans originated in 2022/2021	17,015		10,033
Term loans originated in 2021/2020	9,037		10,099
Term loans originated in 2020/2019	9,635		3,721
Term loans originated prior to 2020/2019	9,691		6,662
Revolving loans within the revolving period	173,115		176,728
Revolving loans converted to term loans	2,146		2,194
Total retained loans	263,455		265,809
Wholesale | Other | Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	73,604		77,159
Loans by origination year
Term loans originated in 2024/2023	3,696		14,054
Term loans originated in 2023/2022	10,946		8,092
Term loans originated in 2022/2021	7,375		6,169
Term loans originated in 2021/2020	5,779		2,172
Term loans originated in 2020/2019	1,998		811
Term loans originated prior to 2020/2019	2,532		2,001
Revolving loans within the revolving period	41,223		43,801
Revolving loans converted to term loans	55		59
Total retained loans	73,604		77,159
Wholesale | Other | Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	71,091		75,178
Loans by origination year
Total retained loans	71,091		75,178
Wholesale | Other | Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	1,612		1,257
Loans by origination year
Total retained loans	1,612		1,257
Wholesale | Other | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	901		724
Loans by origination year
Total retained loans	$ 901		$ 724

Loans - Wholesale Loan Portfo_2

Loans - Wholesale Loan Portfolio, Loans Secured by Real Estate (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,264,093	$ 1,280,870	$ 1,084,850
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 667,761	$ 672,472	$ 604,324
% of criticized to total retained loans secured by real estate	3.79%	3.51%
% of criticized nonaccrual loans to total retained loans secured by real estate	0.44%	0.35%
Wholesale | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 2,927	$ 2,346
Wholesale | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 163,184	$ 162,338
% of criticized to total retained loans secured by real estate	5.53%	4.74%
% of criticized nonaccrual loans to total retained loans secured by real estate	0.36%	0.25%
Wholesale | Secured by real estate | Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 9,022	$ 7,692
% of criticized to total retained loans secured by real estate	5.53%	4.74%
Wholesale | Secured by real estate | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 591	$ 401
% of criticized nonaccrual loans to total retained loans secured by real estate	0.36%	0.25%
Wholesale | Secured by real estate | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 101,514	$ 100,725
Wholesale | Secured by real estate | Multifamily | Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 3,654	$ 3,596
% of criticized to total retained loans secured by real estate	3.60%	3.57%
Wholesale | Secured by real estate | Multifamily | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 89	$ 76
% of criticized nonaccrual loans to total retained loans secured by real estate	0.09%	0.08%
Wholesale | Secured by real estate | Other commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 61,670	$ 61,613
Wholesale | Secured by real estate | Other commercial | Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 5,368	$ 4,096
% of criticized to total retained loans secured by real estate	8.70%	6.65%
Wholesale | Secured by real estate | Other commercial | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 502	$ 325
% of criticized nonaccrual loans to total retained loans secured by real estate	0.81%	0.53%

Loans - Wholesale Loan Portfo_3

Loans - Wholesale Loan Portfolio, Geographic Distribution and Delinquency (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Financing Receivable, Past Due [Line Items]
Retained loans	$ 1,264,093	$ 1,280,870	$ 1,084,850
Wholesale
Financing Receivable, Past Due [Line Items]
Retained loans	667,761	672,472	$ 604,324
Wholesale | Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	2,927	2,346
Wholesale | Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	661,904	667,341
Wholesale | 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	2,678	2,447
Wholesale | 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	252	338
Wholesale | Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	547,173	549,636
Wholesale | Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	120,588	122,836
Wholesale | Secured by real estate
Financing Receivable, Past Due [Line Items]
Retained loans	163,184	162,338
Wholesale | Secured by real estate | Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	591	401
Wholesale | Secured by real estate | Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	162,174	161,314
Wholesale | Secured by real estate | 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	407	473
Wholesale | Secured by real estate | 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	12	150
Wholesale | Secured by real estate | Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	159,958	159,499
Wholesale | Secured by real estate | Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	3,226	2,839
Wholesale | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Retained loans	167,518	167,166
Wholesale | Commercial and industrial | Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	1,435	1,221
Wholesale | Commercial and industrial | Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	165,088	164,899
Wholesale | Commercial and industrial | 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	779	884
Wholesale | Commercial and industrial | 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	216	162
Wholesale | Commercial and industrial | Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	128,254	127,638
Wholesale | Commercial and industrial | Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	39,264	39,528
Wholesale | Other
Financing Receivable, Past Due [Line Items]
Retained loans	337,059	342,968
Wholesale | Other | Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	901	724
Wholesale | Other | Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	334,642	341,128
Wholesale | Other | 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	1,492	1,090
Wholesale | Other | 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	24	26
Wholesale | Other | Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	258,961	262,499
Wholesale | Other | Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	$ 78,098	$ 80,469

Loans - Wholesale Loan Portfo_4

Loans - Wholesale Loan Portfolio, Nonaccrual Loans (Details) - Wholesale - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
With an allowance	$ 1,762	$ 1,397
Without an allowance	1,165	949
Total nonaccrual loans	2,927	2,346
Secured by real estate
Financing Receivable, Nonaccrual [Line Items]
With an allowance	128	129
Without an allowance	463	272
Total nonaccrual loans	591	401
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
With an allowance	970	776
Without an allowance	465	445
Total nonaccrual loans	1,435	1,221
Other
Financing Receivable, Nonaccrual [Line Items]
With an allowance	664	492
Without an allowance	237	232
Total nonaccrual loans	$ 901	$ 724

Loans - Wholesale Loan Portfo_5

Loans - Wholesale Loan Portfolio, Financial Effect of FDMs (Details) - Wholesale - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Secured by real estate
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 25	$ 0
Secured by real estate | Interest rate reduction
Financing Receivable, Modified [Line Items]
Weighted-average contractual interest rate reduction	1%
Commercial and industrial
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 564	373
Commercial and industrial | Term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 382	$ 280
% of loan modifications to total retained loans	0.23%	0.17%
Weighted-average term loan extensions	11 months	8 months
Commercial and industrial | Other-than-insignificant payment deferral
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 84	$ 49
% of loan modifications to total retained loans	0.05%	0.03%
Commercial and industrial | Other-than-insignificant payment deferral and term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 94
% of loan modifications to total retained loans	0.06%
Weighted-average term loan extensions	20 months
Commercial and industrial | Term extension and principal forgiveness
Financing Receivable, Modified [Line Items]
Amortized cost basis		$ 44
% of loan modifications to total retained loans		0.03%
Weighted-average term loan extensions		64 months
Reduction in amortized cost basis		$ 23
Commercial and industrial | Other
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 4
% of loan modifications to total retained loans	0%
Other
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 20	$ 63
Other | Term extension
Financing Receivable, Modified [Line Items]
Weighted-average term loan extensions	11 months	4 months

Loans - Wholesale Loan Portfo_6

Loans - Wholesale Loan Portfolio, Payment Status of FDMs and Defaults (Details) - Wholesale - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Modified [Line Items]
FDM's that defaulted		$ 0
Secured by real estate
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	$ 163,000,000	0
Commitments to lend to borrowers experiencing financial difficulty	0		$ 0
Secured by real estate | Criticized nonaccrual
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	46,000,000
Secured by real estate | Current and less than 30 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	110,000,000
Secured by real estate | 30–89 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	7,000,000
Commercial and industrial
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	1,428,000,000	373,000,000
FDM's that defaulted	77,000,000
Commitments to lend to borrowers experiencing financial difficulty	577,000,000		1,800,000,000
Commercial and industrial | Criticized nonaccrual
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	366,000,000	157,000,000
Commercial and industrial | Current and less than 30 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	1,033,000,000	212,000,000
Commercial and industrial | 30–89 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	29,000,000	4,000,000
Other
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	599,000,000	63,000,000
Commitments to lend to borrowers experiencing financial difficulty	29,000,000		$ 4,000,000
Other | Criticized nonaccrual
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	204,000,000	63,000,000
Other | Current and less than 30 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	383,000,000	0
Other | 30–89 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost of FDMs during the last 12 months	$ 12,000,000	$ 0

Allowance for Credit Losses - S

Allowance for Credit Losses - Summary (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Allowance for loan losses
Beginning balance	$ 22,420	$ 19,726	$ 19,726
Gross charge-offs	2,381	1,451
Gross recoveries collected	(425)	(314)
Net charge-offs/(recoveries)	1,956	1,137
Provision for loan losses	1,887	2,047
Other	0	4
Ending balance	22,351	20,053	22,420
Allowance for lending-related commitments
Beginning balance	1,974	2,382	2,382
Provision for lending-related commitments	(60)	(13)
Other	2	1
Ending balance	1,916	2,370	1,974
Total allowance for investment securities	154	90	128
Total allowance for credit losses	24,421	22,513
Allowance for loan losses by impairment methodology
Asset-specific	(359)	(593)
Portfolio-based	22,710	20,646
Total allowance for loan losses	22,351	20,053	22,420
Loans by impairment methodology
Asset-specific	6,143	5,749
Portfolio-based	1,257,950	1,079,101
Total retained loans	1,264,093	1,084,850	1,280,870
Allowance for lending-related commitments by impairment methodology
Asset-specific	85	45
Portfolio-based	1,831	2,325
Total allowance for lending-related commitments	1,916	2,370	1,974
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Asset-specific	390	401
Portfolio-based	540,257	488,169
Total lending-related commitments	540,647	488,570
Corporate
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Allowance for Credit Loss, Receivable, Other		241
CIB
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Allowance for credit losses associated with accounts receivable	274	20
Cumulative effect of change in accounting principles | Accounting Standards Update 2022-02
Allowance for loan losses
Beginning balance		(587)	(587)
Allowance for loan losses by impairment methodology
Total allowance for loan losses
Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	50	22
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	4,391	4,125
Consumer, excluding credit card
Allowance for loan losses
Beginning balance	1,856	2,040	2,040
Gross charge-offs	331	235
Gross recoveries collected	(148)	(103)
Net charge-offs/(recoveries)	183	132
Provision for loan losses	56	247
Other	1	0
Ending balance	1,730	1,666	1,856
Allowance for lending-related commitments
Beginning balance	75	76	76
Provision for lending-related commitments	21	1
Other	0	0
Ending balance	96	77	75
Total allowance for credit losses	1,826	1,743
Allowance for loan losses by impairment methodology
Asset-specific	(873)	(1,030)
Portfolio-based	2,603	2,696
Total allowance for loan losses	1,730	1,666	1,856
Loans by impairment methodology
Asset-specific	3,216	3,560
Portfolio-based	386,376	296,887
Total retained loans	389,592	300,447	397,275
Allowance for lending-related commitments by impairment methodology
Asset-specific	0	0
Portfolio-based	96	77
Total allowance for lending-related commitments	96	77	75
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Asset-specific	0	0
Portfolio-based	28,994	21,569
Total lending-related commitments	28,994	21,569
Credit card lending-related commitments not permitted to have an allowance for credit losses	17,700	16,000
Consumer, excluding credit card | Cumulative effect of change in accounting principles | Accounting Standards Update 2022-02
Allowance for loan losses
Beginning balance		(489)	(489)
Allowance for loan losses by impairment methodology
Total allowance for loan losses
Consumer, excluding credit card | Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	3	4
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	3,260	3,539
Credit card
Allowance for loan losses
Beginning balance	12,450	11,200	11,200
Gross charge-offs	1,914	1,111
Gross recoveries collected	(227)	(189)
Net charge-offs/(recoveries)	1,687	922
Provision for loan losses	1,837	1,222
Other	0	0
Ending balance	12,600	11,400	12,450
Allowance for lending-related commitments
Beginning balance	0	0	0
Provision for lending-related commitments	0	0
Other	0	0
Ending balance	0	0	0
Total allowance for credit losses	12,600	11,400
Allowance for loan losses by impairment methodology
Asset-specific	0	0
Portfolio-based	12,600	11,400
Total allowance for loan losses	12,600	11,400	12,450
Loans by impairment methodology
Asset-specific	0	0
Portfolio-based	206,740	180,079
Total retained loans	206,740	180,079
Allowance for lending-related commitments by impairment methodology
Asset-specific	0	0
Portfolio-based	0	0
Total allowance for lending-related commitments	0	0	0
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Asset-specific	0	0
Portfolio-based	0	0
Total lending-related commitments	0	0
Credit card lending-related commitments not permitted to have an allowance for credit losses	943,900	861,200
Credit card | Cumulative effect of change in accounting principles | Accounting Standards Update 2022-02
Allowance for loan losses
Beginning balance		(100)	(100)
Allowance for loan losses by impairment methodology
Total allowance for loan losses
Credit card | Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	0	0
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	0	0
Wholesale
Allowance for loan losses
Beginning balance	8,114	6,486	6,486
Gross charge-offs	136	105
Gross recoveries collected	(50)	(22)
Net charge-offs/(recoveries)	86	83
Provision for loan losses	(6)	578
Other	(1)	4
Ending balance	8,021	6,987	8,114
Allowance for lending-related commitments
Beginning balance	1,899	2,306	2,306
Provision for lending-related commitments	(81)	(14)
Other	2	1
Ending balance	1,820	2,293	1,899
Total allowance for credit losses	9,841	9,280
Allowance for loan losses by impairment methodology
Asset-specific	514	437
Portfolio-based	7,507	6,550
Total allowance for loan losses	8,021	6,987	8,114
Loans by impairment methodology
Asset-specific	2,927	2,189
Portfolio-based	664,834	602,135
Total retained loans	667,761	604,324	672,472
Allowance for lending-related commitments by impairment methodology
Asset-specific	85	45
Portfolio-based	1,735	2,248
Total allowance for lending-related commitments	1,820	2,293	1,899
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Asset-specific	390	401
Portfolio-based	511,263	466,600
Total lending-related commitments	511,653	467,001
Credit card lending-related commitments not permitted to have an allowance for credit losses	20,900	17,500
Wholesale | Cumulative effect of change in accounting principles | Accounting Standards Update 2022-02
Allowance for loan losses
Beginning balance		2	$ 2
Allowance for loan losses by impairment methodology
Total allowance for loan losses
Wholesale | Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	47	18
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	$ 1,131	$ 586

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Wholesale
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	$ (142)
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	44
Consumer | Card Services
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	153
Consumer | Home Lending
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	$ (125)

Variable Interest Entities - Fi

Variable Interest Entities - Firm Sponsored VIEs (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	$ 238,304	$ 235,493
Retained securitization interests, risk-rated 'A' or better, at fair value	77%	77%
Corporate & Investment Bank
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Senior securities purchased in connection with CIB's secondary market-making activities	$ 134	$ 52
Subordinated securities purchased in connection with CIB's secondary market-making activities	119	38
Residential mortgage | Investment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	2,400	2,500
Residential mortgage | Noninvestment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	115	88
Residential mortgage | Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	61,900	58,570
Residential mortgage | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	8,999	8,881
Commercial and other
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	167,405	168,042
Commercial and other | Investment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	5,800	6,100
Commercial and other | Noninvestment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	1,700	1,700
VIEs consolidated by the Firm
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	665	675
VIEs consolidated by the Firm | Residential mortgage | Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	665	675
VIEs consolidated by the Firm | Residential mortgage | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	0	0
VIEs consolidated by the Firm | Commercial and other
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	0	0
Nonconsolidated entities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	159,293	160,893
Interest in securitized assets in nonconsolidated VIEs	10,098	10,462
Nonconsolidated entities | Trading assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	1,087	1,429
Nonconsolidated entities | Investment securities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	7,530	7,619
Nonconsolidated entities | Other financial assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	1,481	1,414
Nonconsolidated entities | Residential mortgage | Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	41,639	39,319
Interest in securitized assets in nonconsolidated VIEs	2,530	2,636
Nonconsolidated entities | Residential mortgage | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	1,600	1,312
Interest in securitized assets in nonconsolidated VIEs	43	3
Nonconsolidated entities | Residential mortgage | Trading assets | Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	547	595
Nonconsolidated entities | Residential mortgage | Trading assets | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	20	3
Nonconsolidated entities | Residential mortgage | Investment securities | Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	1,900	1,981
Nonconsolidated entities | Residential mortgage | Investment securities | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	23	0
Nonconsolidated entities | Residential mortgage | Other financial assets | Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	83	60
Nonconsolidated entities | Residential mortgage | Other financial assets | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	0	0
Nonconsolidated entities | Commercial and other
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	116,054	120,262
Interest in securitized assets in nonconsolidated VIEs	7,525	7,823
Nonconsolidated entities | Commercial and other | Trading assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	520	831
Nonconsolidated entities | Commercial and other | Investment securities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	5,607	5,638
Nonconsolidated entities | Commercial and other | Other financial assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	$ 1,398	$ 1,354

Variable Interest Entities - Re

Variable Interest Entities - Re-securitizations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Transfers of securities to VIEs
U.S. GSEs and government agencies	$ 8,406,000,000	$ 3,406,000,000
Securities Transferred To Private Label Resecuritization VIEs	0	$ 0
U.S. GSEs and government agencies | Nonconsolidated re-securitization VIEs
Variable Interest Entity [Line Items]
Interest in VIEs	$ 2,877,000,000		$ 3,371,000,000

Variable Interest Entities - Mu

Variable Interest Entities - Multi-seller conduits (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Unfunded lending-related commitments	$ 1,523,109	$ 1,497,847
Multi-seller conduits
Variable Interest Entity [Line Items]
Commercial paper eliminated in consolidation	4,600	9,800
Multi-seller conduits | Commercial and other
Variable Interest Entity [Line Items]
Unfunded lending-related commitments	$ 11,200	$ 10,800

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIE Assets and Liabilities (Details) - USD ($) $ in Millions		Mar. 31, 2024		Dec. 31, 2023		Mar. 31, 2023
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		$ 754,409		$ 540,607
Loans		1,287,265		1,301,286
Other		162,887		159,308
Total assets		4,090,727	[1]	3,875,393	[1]	$ 3,744,305
Beneficial interests in VIE assets		28,075		23,020
Total liabilities	[1]	3,754,090		3,547,515
VIEs consolidated by the Firm
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		2,229		2,170
Loans		40,059		37,611
Other		648		591
Total assets		42,936		40,372
Beneficial interests in VIE assets		28,075		23,020
Other		282		263
Total liabilities		28,357		23,283
Beneficial interests in VIE assets, long term		5,400		3,100
VIEs consolidated by the Firm | Firm-sponsored credit card trusts
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		0		0
Loans		12,994		9,460
Other		169		117
Total assets		13,163		9,577
Beneficial interests in VIE assets		5,323		2,998
Other		10		6
Total liabilities		5,333		3,004
VIEs consolidated by the Firm | Firm-administered multi-seller conduits
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		1		1
Loans		24,800		27,372
Other		180		194
Total assets		24,981		27,567
Beneficial interests in VIE assets		20,366		17,781
Other		28		30
Total liabilities		20,394		17,811
VIEs consolidated by the Firm | Municipal bond vehicles
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		2,075		2,056
Loans		0		0
Other		29		22
Total assets		2,104		2,078
Beneficial interests in VIE assets		2,264		2,116
Other		12		11
Total liabilities		2,276		2,127
VIEs consolidated by the Firm | Mortgage securitization entities
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		0		0
Loans		681		693
Other		7		8
Total assets		688		701
Beneficial interests in VIE assets		122		125
Other		56		57
Total liabilities		178		182
VIEs consolidated by the Firm | Other
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		153		113
Loans		1,584		86
Other		263		250
Total assets		2,000		449
Beneficial interests in VIE assets		0		0
Other		176		159
Total liabilities		$ 176		$ 159
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 2024 and December 31, 2023. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. Refer to Note 13 for a further discussion. (in millions) March 31, 2024 December 31, 2023 Assets Trading assets $ 2,229 $ 2,170 Loans 40,059 37,611 All other assets 648 591 Total assets $ 42,936 $ 40,372 Liabilities Beneficial interests issued by consolidated VIEs $ 28,075 $ 23,020 All other liabilities 282 263 Total liabilities $ 28,357 $ 23,283

Variable Interest Entities - VI

Variable Interest Entities - VIEs Sponsored by Third Parties (Details) - USD ($) $ in Millions	Mar. 31, 2024		Dec. 31, 2023		Mar. 31, 2023
Variable Interest Entity [Line Items]
Fair value of assets held by VIE	$ 4,090,727	[1]	$ 3,875,393	[1]	$ 3,744,305
Nonconsolidated entities | Tax credit vehicles
Variable Interest Entity [Line Items]
Maximum exposure	33,100		35,100
Unfunded commitments	14,300		14,700
Nonconsolidated entities | Municipal bond vehicles
Variable Interest Entity [Line Items]
Maximum exposure	5,200		5,100
Fair value of assets held by VIE	$ 7,300		$ 7,300
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 2024 and December 31, 2023. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. Refer to Note 13 for a further discussion. (in millions) March 31, 2024 December 31, 2023 Assets Trading assets $ 2,229 $ 2,170 Loans 40,059 37,611 All other assets 648 591 Total assets $ 42,936 $ 40,372 Liabilities Beneficial interests issued by consolidated VIEs $ 28,075 $ 23,020 All other liabilities 282 263 Total liabilities $ 28,357 $ 23,283

Variable Interest Entities - Pr

Variable Interest Entities - Programs Under Proportional Amortization Election (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Programs for which the Firm elected proportional amortization:
Carrying value	$ 29,821	$ 14,644
Tax credits and other tax benefits	1,266	566
Investments that qualify to be accounted for using proportional amortization:
Amortization gains/(losses) recognized as a component of income tax expense	(1,016)	(399)
Non-income-tax-related gains/(losses) and other returns received that are recognized outside of income tax expense	$ 48	$ 0

Variable Interest Entities - Se

Variable Interest Entities - Securitization Activity (Details) - Nonconsolidated entities - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Residential mortgage
Securitization activity
Principal securitized	$ 4,922	$ 1,073
All cash flows during the period:
Proceeds received from loan sales as financial instruments	4,831	1,030
Servicing fees collected	6	6
Cash flows received on interests	70	74
Commercial and other
Securitization activity
Principal securitized	2,358	0
All cash flows during the period:
Proceeds received from loan sales as financial instruments	2,324	0
Servicing fees collected	3	0
Cash flows received on interests	$ 130	$ 87

Variable Interest Entities - Lo

Variable Interest Entities - Loans Sold to Third-Party Sponsored Securitization Entities (Details) - Nonconsolidated entities - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Summary of loan sale activities
Carrying value of loans sold	$ 4,536	$ 2,698
Proceeds received from loan sales as cash	306	7
Proceeds from loans sales as securities	4,192	2,662
Total proceeds received from loan sales	4,498	2,669
Gains/(losses) on loan sales	$ 0	$ 0

Variable Interest Entities - Sc

Variable Interest Entities - Schedule of Options to Repurchase Delinquent Loans (Details) - Nonconsolidated entities - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Loans repurchased or option to repurchase	$ 519	$ 597
Real estate acquired through foreclosure	8	8
Residential mortgage
Variable Interest Entity [Line Items]
Real estate acquired through foreclosure	$ 15	$ 22

Variable Interest Entities - _2

Variable Interest Entities - Loan Delinquencies and Liquidation Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Securitized loans
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
90 or more days past due	$ 3,095		$ 3,445
Net liquidation losses/(recoveries)	9	$ 28
Commercial and other | Securitized loans
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
90 or more days past due	2,495		2,874
Net liquidation losses/(recoveries)	6	19
Nonconsolidated entities
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	159,293		160,893
Nonconsolidated entities | Commercial and other
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	116,054		120,262
Prime / Alt-A & option ARMs | Residential mortgage | Securitized loans
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
90 or more days past due	470		440
Net liquidation losses/(recoveries)	2	7
Prime / Alt-A & option ARMs | Nonconsolidated entities | Residential mortgage
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	41,639		39,319
Subprime | Residential mortgage | Securitized loans
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
90 or more days past due	130		131
Net liquidation losses/(recoveries)	1	$ 2
Subprime | Nonconsolidated entities | Residential mortgage
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	$ 1,600		$ 1,312

Goodwill, Mortgage Servicing _3

Goodwill, Mortgage Servicing Rights, and Other Intangible Assets - Goodwill by Business Segment and Corporate (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Total goodwill	$ 52,636	$ 52,634	$ 52,144	$ 51,662
Corporate
Goodwill [Line Items]
Total goodwill	679	685
Consumer & Community Banking | Operating Segments
Goodwill [Line Items]
Total goodwill	32,116	32,116
Corporate & Investment Bank | Operating Segments
Goodwill [Line Items]
Total goodwill	8,291	8,266
Commercial Banking | Operating Segments
Goodwill [Line Items]
Total goodwill	2,985	2,985
Asset & Wealth Management | Operating Segments
Goodwill [Line Items]
Total goodwill	$ 8,565	$ 8,582

Goodwill, Mortgage Servicing _4

Goodwill, Mortgage Servicing Rights, and Other Intangible Assets - Goodwill Changes During Period (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill [Roll Forward]
Balance at beginning of period	$ 52,634,000,000	$ 51,662,000,000
Changes during the period from:
Business combinations	34,000,000	451,000,000
Other	(32,000,000)	31,000,000
Balance at end of period	52,636,000,000	52,144,000,000
Business Acquisition [Line Items]
Goodwill impairment	$ 0	$ 0
CIFM
Business Acquisition [Line Items]
Percentage interest acquired		51%

Goodwill, Mortgage Servicing _5

Goodwill, Mortgage Servicing Rights, and Other Intangible Assets - Mortgage Servicing Rights (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Mortgage Servicing Rights [Roll Forward]
Fair value at beginning of period	$ 8,522	$ 7,973
MSR activity:
Originations of MSRs	58	32
Purchase of MSRs	2	(1)
Disposition of MSRs	5	2
Net additions/(dispositions)	65	33
Changes due to collection/realization of expected cash flows	(260)	(240)
Changes in valuation due to inputs and assumptions:
Changes due to market interest rates and other	268	(22)
Changes in valuation due to other inputs and assumptions:
Projected cash flows (e.g., cost to service)	7	0
Discount rates	0	0
Prepayment model changes and other	3	11
Total changes in valuation due to other inputs and assumptions	10	11
Total changes in valuation due to inputs and assumptions	278	(11)
Fair value at end of period	8,605	7,755
Changes in unrealized gains/(losses) included in income related to MSRs	278	(11)
Contractual service fees, late fees and other ancillary fees included in income	399	388
Third-party mortgage loans serviced	627,000	577,000
Servicer advances, net of an allowance for uncollectible amounts	$ 607	$ 671

Goodwill, Mortgage Servicing _6

Goodwill, Mortgage Servicing Rights, and Other Intangible Assets - Mortgage Fees and Related Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Risk management:
Mortgage fees and related income	$ 275	$ 221
All other	1	(2)
Consumer & Community Banking
CCB mortgage fees and related income
Production revenue	130	75
Operating revenue:
Loan servicing revenue	405	400
Changes in MSR asset fair value due to collection/realization of expected cash flows	(260)	(240)
Total operating revenue	145	160
Risk management:
Changes in MSR asset fair value due to market interest rates and other	268	(22)
Other changes in MSR asset fair value due to other inputs and assumptions in model	10	11
Changes in derivative fair value and other	(279)	(1)
Total risk management	(1)	(12)
Total net mortgage servicing revenue	144	148
Mortgage fees and related income	$ 274	$ 223

Goodwill, Mortgage Servicing _7

Goodwill, Mortgage Servicing Rights, and Other Intangible Assets - Key Economic Assumptions (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted-average prepayment speed assumption (constant prepayment rate)	6.22%	6.29%
Impact on fair value of 10% adverse change	$ (201)	$ (206)
Impact on fair value of 20% adverse change	$ (391)	$ (401)
Weighted-average option adjusted spread	5.99%	6.10%
Impact on fair value of a 100 basis point adverse change	$ (370)	$ (369)
Impact on fair value of a 200 basis point adverse change	$ (712)	$ (709)

Goodwill, Mortgage Servicing _8

Goodwill, Mortgage Servicing Rights, and Other Intangible Assets - Narrative (Details) - USD ($) $ in Billions	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-lived intangible assets	$ 1.9	$ 2
Indefinite-lived intangible assets	$ 1.2	$ 1.2

Deposits - Noninterest and Inte

Deposits - Noninterest and Interest-bearing (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
U.S. offices
Noninterest-bearing (included $77,571 and $75,393 at fair value)	$ 657,651	$ 643,748
Interest-bearing (included $563 and $573 at fair value)	1,311,857	1,303,100
Total deposits in U.S. offices	1,969,508	1,946,848
Non-U.S. offices
Noninterest-bearing (included $1,991 and $1,737 at fair value)	24,109	23,097
Interest-bearing (included $453 and $681 at fair value)	434,792	430,743
Total deposits in non-U.S. offices	458,901	453,840
Total deposits	2,428,409	2,400,688
Fair value
U.S. offices
Noninterest-bearing (included $77,571 and $75,393 at fair value)	77,571	75,393
Interest-bearing, fair value	563	573
Non-U.S. offices
Noninterest-bearing (included $1,991 and $1,737 at fair value)	1,991	1,737
Interest-bearing, fair value	$ 453	$ 681

Deposits - Maturities of Intere

Deposits - Maturities of Interest-Bearing Time Deposits (Details) $ in Millions	Mar. 31, 2024 USD ($)
Maturities of interest bearing time deposits
2025	$ 301,342
2026	983
2027	252
2028	195
2029	1,147
After 5 years	269
Total	304,188
U.S.
Maturities of interest bearing time deposits
2025	214,783
2026	931
2027	234
2028	157
2029	367
After 5 years	214
Total	216,686
Non-U.S.
Maturities of interest bearing time deposits
2025	86,559
2026	52
2027	18
2028	38
2029	780
After 5 years	55
Total	$ 87,502

Leases - Information Related to

Leases - Information Related to Operating Leases (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Right-of-use assets	$ 8,389	$ 8,431
Lease liabilities	$ 8,763	$ 8,833

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Net rental expense	$ 541	$ 487

Leases - Operating Lease Income

Leases - Operating Lease Income and Related Depreciation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other	Noninterest Income, Other
Operating lease income	$ 672	$ 755
Depreciation expense	$ 435	$ 419

Preferred Stock (Details)

Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions										1 Months Ended	3 Months Ended
	May 01, 2024	May 01, 2024	Apr. 30, 2024	Mar. 12, 2024	Feb. 01, 2024	Jan. 31, 2024	Aug. 01, 2023	Jul. 31, 2023	Apr. 30, 2023	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										2,990,375	2,990,375		2,740,375
Carrying value										$ 29,900	$ 29,900		$ 27,404
Liquidation value and redemption price per share (in dollars per share)										$ 10,000	$ 10,000
Aggregate liquidation value										$ 30,200	$ 30,200
Subsequent Event
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock redeemed	$ 6,000
Series DD
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										169,625	169,625		169,625
Carrying value										$ 1,696	$ 1,696		$ 1,696
Issue date											Sep. 21, 2018
Contractual rate in effect											5.75%
Dividend declared per share (in dollars per share)											$ 143.75	$ 143.75
Series DD | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Dec. 01, 2023
Series EE
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										185,000	185,000		185,000
Carrying value										$ 1,850	$ 1,850		$ 1,850
Issue date											Jan. 24, 2019
Contractual rate in effect											6%
Dividend declared per share (in dollars per share)											$ 150	150
Series EE | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Mar. 01, 2024
Series GG
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										90,000	90,000		90,000
Carrying value										$ 900	$ 900		$ 900
Issue date											Nov. 07, 2019
Contractual rate in effect											4.75%
Dividend declared per share (in dollars per share)											$ 118.75	118.75
Series GG | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Dec. 01, 2024
Series JJ
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										150,000	150,000		150,000
Carrying value										$ 1,500	$ 1,500		$ 1,500
Issue date											Mar. 17, 2021
Contractual rate in effect											4.55%
Dividend declared per share (in dollars per share)											$ 113.75	113.75
Series JJ | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Jun. 01, 2026
Series LL
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										185,000	185,000		185,000
Carrying value										$ 1,850	$ 1,850		$ 1,850
Issue date											May 20, 2021
Contractual rate in effect											4.625%
Dividend declared per share (in dollars per share)											$ 115.63	115.63
Series LL | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Jun. 01, 2026
Series MM
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										200,000	200,000		200,000
Carrying value										$ 2,000	$ 2,000		$ 2,000
Issue date											Jul. 29, 2021
Contractual rate in effect											4.20%
Dividend declared per share (in dollars per share)											$ 105	105
Series MM | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Sep. 01, 2026
Series Q, R and S | Subsequent Event
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock redeemed		$ 5,000
Series Q
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										150,000	150,000		150,000
Carrying value										$ 1,500	$ 1,500		$ 1,500
Issue date											Apr. 23, 2013
Contractual rate in effect									5.15%
Dividend declared per share (in dollars per share)									$ 257.50		$ 220.45	128.75
Series Q | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread							3.25%				3.25%
Series Q | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											May 01, 2023
Series R
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										150,000	150,000		150,000
Carrying value										$ 1,500	$ 1,500		$ 1,500
Issue date											Jul. 29, 2013
Contractual rate in effect								6%
Dividend declared per share (in dollars per share)								$ 300			$ 221.70	150
Series R | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread							3.30%				3.30%
Series R | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Aug. 01, 2023
Series S
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										200,000	200,000		200,000
Carrying value										$ 2,000	$ 2,000		$ 2,000
Issue date											Jan. 22, 2014
Contractual rate in effect						6.75%
Dividend declared per share (in dollars per share)						$ 337.50					$ 233.70	168.75
Series S | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread					3.78%						3.78%
Series S | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Feb. 01, 2024
Series U
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										100,000	100,000		100,000
Carrying value										$ 1,000	$ 1,000		$ 1,000
Issue date											Mar. 10, 2014
Contractual rate in effect											6.125%
Dividend declared per share (in dollars per share)											$ 153.13	153.13
Series U | Subsequent Event
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock redeemed			$ 1,000
Series U | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread											3.33%
Series U | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Apr. 30, 2024
Series X
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										160,000	160,000		160,000
Carrying value										$ 1,600	$ 1,600		$ 1,600
Issue date											Sep. 23, 2014
Contractual rate in effect											6.10%
Dividend declared per share (in dollars per share)											$ 152.50	152.50
Series X | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread											3.33%
Series X | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Oct. 01, 2024
Series CC
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										125,750	125,750		125,750
Carrying value										$ 1,258	$ 1,258		$ 1,258
Issue date											Oct. 20, 2017
Dividend declared per share (in dollars per share)											$ 203.70	182.79
Series CC | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread											2.58%
Series CC | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Nov. 01, 2022
Series FF
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										225,000	225,000		225,000
Carrying value										$ 2,250	$ 2,250		$ 2,250
Issue date											Jul. 31, 2019
Contractual rate in effect											5%
Dividend declared per share (in dollars per share)											$ 125	125
Series FF | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread											3.38%
Series FF | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Aug. 01, 2024
Series HH
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										300,000	300,000		300,000
Carrying value										$ 3,000	$ 3,000		$ 3,000
Issue date											Jan. 23, 2020
Contractual rate in effect											4.60%
Dividend declared per share (in dollars per share)											$ 115	115
Series HH | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread											3.125%
Series HH | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Feb. 01, 2025
Series II
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										150,000	150,000		150,000
Carrying value										$ 1,500	$ 1,500		$ 1,500
Issue date											Feb. 24, 2020
Contractual rate in effect											4%
Dividend declared per share (in dollars per share)											$ 100	100
Series II | SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread											2.745%
Series II | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Apr. 01, 2025
Series KK
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										200,000	200,000		200,000
Carrying value										$ 2,000	$ 2,000		$ 2,000
Issue date											May 12, 2021
Contractual rate in effect											3.65%
Dividend declared per share (in dollars per share)											$ 91.25	$ 91.25
Series KK | Five-year CMT
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread											2.85%
Series KK | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Jun. 01, 2026
Series NN
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)										250,000	250,000
Carrying value										$ 2,496	$ 2,496
Issue date											Mar. 12, 2024
Contractual rate in effect											6.875%
Dividend declared per share (in dollars per share)										$ 0	$ 0
Preferred stock issued				$ 2,500
Series NN | Five-year CMT
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread											2.737%
Series NN | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date											Jun. 01, 2029

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic earnings per share
Net income	$ 13,419	$ 12,622
Less: Preferred stock dividends	397	356
Net income applicable to common equity	13,022	12,266
Less: Dividends and undistributed earnings allocated to participating securities	80	73
Net income applicable to common stockholders	$ 12,942	$ 12,193
Total weighted-average basic shares outstanding (in shares)	2,908.3	2,968.5
Net income per share (in dollars per share)	$ 4.45	$ 4.11
Diluted earnings per share
Net income applicable to common stockholders	$ 12,942	$ 12,193
Total weighted-average basic shares outstanding (in shares)	2,908.3	2,968.5
Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs (in shares)	4.5	4.2
Total weighted-average diluted shares outstanding (in shares)	2,912.8	2,972.7
Net income per share (in dollars per share)	$ 4.44	$ 4.10

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income/(Loss) - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 327,878
Net change	(1,196)	$ 2,923
Ending balance	336,637	303,082
Accumulated other comprehensive income/(loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(10,443)	(17,341)
Net change	(1,196)	2,923
Ending balance	(11,639)	(14,418)
Unrealized gains/(losses) on investment securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(3,743)	(9,124)
Net change	141	2,212
Ending balance	(3,602)	(6,912)
After-tax unamortized unrealized gains/(losses) related to transfer of AFS securities to HTM	(824)	(1,300)
After-tax unrealized gains/ (losses) related to HTM securities that have been transferred to AFS		(29)
Translation adjustments, net of hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,216)	(1,545)
Net change	(204)	197
Ending balance	(1,420)	(1,348)
Fair value hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(134)	(33)
Net change	(21)	(21)
Ending balance	(155)	(54)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(3,932)	(5,656)
Net change	(889)	798
Ending balance	(4,821)	(4,858)
Defined benefit pension and OPEB plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,078)	(1,451)
Net change	26	(55)
Ending balance	(1,052)	(1,506)
DVA on fair value option elected liabilities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(340)	468
Net change	(249)	(208)
Ending balance	$ (589)	$ 260

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	$ (1,229,000,000)	$ 3,597,000,000
Net change, Tax effect	33,000,000	(674,000,000)
Total other comprehensive income/(loss), after–tax	(1,196,000,000)	2,923,000,000
Unrealized gains/(losses) on investment securities
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	(181,000,000)	2,042,000,000
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	44,000,000	(490,000,000)
Net unrealized gains/(losses) arising during the period/Translation, After-tax	(137,000,000)	1,552,000,000
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	366,000,000	868,000,000
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	(88,000,000)	(208,000,000)
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	278,000,000	660,000,000
Net change, Pre-tax	185,000,000	2,910,000,000
Net change, Tax effect	(44,000,000)	(698,000,000)
Total other comprehensive income/(loss), after–tax	141,000,000	2,212,000,000
Translation adjustments
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	(1,365,000,000)	973,000,000
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	68,000,000	(41,000,000)
Net unrealized gains/(losses) arising during the period/Translation, After-tax	(1,297,000,000)	932,000,000
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	1,442,000,000	(963,000,000)
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	(349,000,000)	228,000,000
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	1,093,000,000	(735,000,000)
Net change, Pre-tax	77,000,000	10,000,000
Net change, Tax effect	(281,000,000)	187,000,000
Total other comprehensive income/(loss), after–tax	(204,000,000)	197,000,000
Reclassification of net pre-tax losses	0	(5,000,000)
Reclassification of pre-tax losses related to net investment hedges	0	(41,000,000)
Fair value hedges, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	(27,000,000)	(28,000,000)
Net change, Tax effect	6,000,000	7,000,000
Total other comprehensive income/(loss), after–tax	(21,000,000)	(21,000,000)
Cash flow hedges
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	(1,762,000,000)	567,000,000
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	426,000,000	(136,000,000)
Net unrealized gains/(losses) arising during the period/Translation, After-tax	(1,336,000,000)	431,000,000
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	589,000,000	483,000,000
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	(142,000,000)	(116,000,000)
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	447,000,000	367,000,000
Net change, Pre-tax	(1,173,000,000)	1,050,000,000
Net change, Tax effect	284,000,000	(252,000,000)
Total other comprehensive income/(loss), after–tax	(889,000,000)	798,000,000
Defined benefit pension and OPEB plans, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	36,000,000	(71,000,000)
Net change, Tax effect	(10,000,000)	16,000,000
Total other comprehensive income/(loss), after–tax	26,000,000	(55,000,000)
DVA on fair value option elected liabilities, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	(327,000,000)	(274,000,000)
Net change, Tax effect	78,000,000	66,000,000
Total other comprehensive income/(loss), after–tax	$ (249,000,000)	$ (208,000,000)

Restricted Cash and Other Res_3

Restricted Cash and Other Restricted Assets (Details) - USD ($) $ in Billions	Mar. 31, 2024	Dec. 31, 2023
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 20.4	$ 19.6
Cash and securities pledged with clearing organizations for the benefit of customers	38.1	40.5
Fair value of securities restricted in relation to customer activity	13.7	20.5
Deposits with banks
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	19.3	18.2
Cash and due from banks
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	1.1	1.4
Segregated for the benefit of securities and cleared derivative customers
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	11.8	10.3
Cash reserves at non-U.S. central banks and held for other general purposes
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 8.6	$ 9.3

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Millions	May 01, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)
Subsequent Event
Risk-based capital metrics:
Preferred stock redeemed	$ 6,000
Cumulative effect of change in accounting principles
Regulatory capital, assets and risk based ratios - supplemental information
Capital transition provisions, CECL capital benefit recognized				$ 2,900
Capital transition provisions, CECL capital benefit recognized, excluding amount phased out		$ 720	$ 1,400
JPMorgan Chase & Co.
Leverage-based capital metrics:
Adjusted average assets		$ 3,913,677	$ 3,831,200
Tier 1 leverage ratio		0.072	0.072
Total leverage exposure		$ 4,634,634	$ 4,540,465
SLR		0.061	0.061
Basel III Standardized | JPMorgan Chase & Co.
Risk-based capital metrics:
CET1 capital		$ 257,569	$ 250,585
Tier 1 capital		280,771	277,306
Total capital		312,149	308,497
Risk-weighted assets		$ 1,712,081	$ 1,671,995
CET1 capital ratio		15%	15%
Tier 1 capital ratio		0.164	0.166
Total capital ratio		0.182	0.185
Basel III Advanced | JPMorgan Chase & Co.
Risk-based capital metrics:
CET1 capital		$ 257,569	$ 250,585
Tier 1 capital		280,771	277,306
Total capital		298,766	295,417
Risk-weighted assets		$ 1,681,317	$ 1,669,156
CET1 capital ratio		15.30%	15%
Tier 1 capital ratio		0.167	0.166
Total capital ratio		0.178	0.177
BHC | Basel III
Well capitalized risk-based ratios
Tier 1 capital		0.060	0.060
Total capital		0.100	0.100
Minimum leverage-based capital ratios
Tier 1 leverage		0.040	0.040
SLR		5%	5%
Regulatory capital, assets and risk based ratios - supplemental information
GSIB surcharge		4.50%
Countercyclical buffer		0
SLR, minimum requirement		0.030	0.030
SLR, supplementary leverage buffer requirements		2%	2%
BHC | Basel III Standardized
Minimum risk-based capital ratios
CET1 capital		0.119	0.114
Tier 1 capital		0.134	0.129
Total capital		0.154	0.149
Regulatory capital, assets and risk based ratios - supplemental information
Stress capital buffer		2.90%
BHC | Basel III Advanced
Minimum risk-based capital ratios
CET1 capital		0.115	0.110
Tier 1 capital		0.130	0.125
Total capital		0.150	0.145
Regulatory capital, assets and risk based ratios - supplemental information
Capital conservation buffer requirement		2.50%
IDI | Basel III
Well capitalized risk-based ratios
CET1 capital		0.065	0.065
Tier 1 capital		0.080	0.080
Total capital		0.100	0.100
Minimum leverage-based capital ratios
Tier 1 leverage		0.040	0.040
SLR		6%	6%
Well capitalized leverage-based capital ratios
Tier 1 leverage		0.050	0.050
SLR		0.060	0.060
Regulatory capital, assets and risk based ratios - supplemental information
Capital conservation buffer requirement		2.50%	2.50%
SLR, minimum requirement		0.030	0.030
SLR, supplementary leverage buffer requirements		3%	3%
IDI | Basel III Standardized
Minimum risk-based capital ratios
CET1 capital		0.070	0.070
Tier 1 capital		0.085	0.085
Total capital		0.105	0.105
IDI | Basel III Advanced
Minimum risk-based capital ratios
CET1 capital		0.070	0.070
Tier 1 capital		0.085	0.085
Total capital		0.105	0.105
JPMorgan Chase Bank, N.A.
Leverage-based capital metrics:
Adjusted average assets		$ 3,372,219	$ 3,337,842
Tier 1 leverage ratio		0.079	0.079
Total leverage exposure		$ 4,088,591	$ 4,038,739
SLR		0.066	0.065
JPMorgan Chase Bank, N.A. | Basel III Standardized
Risk-based capital metrics:
CET1 capital		$ 268,040	$ 262,030
Tier 1 capital		268,043	262,032
Total capital		287,922	281,308
Risk-weighted assets		$ 1,673,297	$ 1,621,789
CET1 capital ratio		16%	16.20%
Tier 1 capital ratio		0.160	0.162
Total capital ratio		0.172	0.173
JPMorgan Chase Bank, N.A. | Basel III Advanced
Risk-based capital metrics:
CET1 capital		$ 268,040	$ 262,030
Tier 1 capital		268,043	262,032
Total capital		274,549	268,392
Risk-weighted assets		$ 1,540,501	$ 1,526,952
CET1 capital ratio		17.40%	17.20%
Tier 1 capital ratio		0.174	0.172
Total capital ratio		0.178	0.176

Off-balance Sheet Lending-rel_3

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	$ 1,523,109	$ 1,497,847
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	1,102,163
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	201,485
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	182,501
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	36,960
Off-balance sheet lending-related financial commitments, Carrying value	3,866	4,139
Total Consumer
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	990,595	961,061
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	964,512
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	7,521
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	6,048
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	12,514
Off-balance sheet lending-related financial commitments, Carrying value	778	826
Total consumer, excluding credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	46,660	45,403
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	20,577
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	7,521
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	6,048
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	12,514
Off-balance sheet lending-related financial commitments, Carrying value	778	826
Residential real estate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	31,911	30,125
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	9,161
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	7,387
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	6,048
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	9,315
Off-balance sheet lending-related financial commitments, Carrying value	674	678
Residential real estate | First Republic
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet lending-related financial commitments, Carrying value	596	630
Auto and other
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	14,749	15,278
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	11,416
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	134
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	0
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	3,199
Off-balance sheet lending-related financial commitments, Carrying value	104	148
Auto and other | First Republic
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet lending-related financial commitments, Carrying value	104	148
Credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	943,935	915,658
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	943,935
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	0
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	0
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	0
Off-balance sheet lending-related financial commitments, Carrying value	0	0
Total wholesale
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	532,514	536,786
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	137,651
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	193,964
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	176,453
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	24,446
Off-balance sheet lending-related financial commitments, Carrying value	3,088	3,313
Other unfunded commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	500,129	503,526
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	119,474
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	184,303
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	172,614
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	23,738
Off-balance sheet lending-related financial commitments, Carrying value	2,638	2,797
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Risk participations for other unfunded commitments to extend credit	82	88
Other unfunded commitments to extend credit | First Republic
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet lending-related financial commitments, Carrying value	935	1,100
Standby letters of credit and other financial guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	28,317	28,872
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	14,536
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	9,382
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	3,792
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	607
Off-balance sheet lending-related financial commitments, Carrying value	413	479
Other guarantees and commitments, Carrying value	326	369
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Risk participations for standby letters of credit and other financial guarantees	8,100	8,200
Other letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	4,068	4,388
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	3,641
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	279
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	47
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	101
Off-balance sheet lending-related financial commitments, Carrying value	37	37
Other guarantees and commitments, Carrying value	0	0
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Risk participations for other letters of credit	490	589
Securities lending indemnification agreements and guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	317,054	283,664
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	317,054
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	0
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	0
Other guarantees and commitments, Contractual amount, Expiring after 5 years	0
Other guarantees and commitments, Carrying value	0	0
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Indemnification agreement securities lending guarantees collateral held in support of	335,400	300,300
Derivatives qualifying as guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	55,908	54,562
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	3,804
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	47
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	11,179
Other guarantees and commitments, Contractual amount, Expiring after 5 years	40,878
Other guarantees and commitments, Carrying value	98	89
Unsettled resale and securities borrowed agreements
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	141,498	95,106
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	141,196
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	302
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	0
Other guarantees and commitments, Contractual amount, Expiring after 5 years	0
Other guarantees and commitments, Carrying value	1	0
Unsettled repurchase and securities loaned agreements
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	99,846	60,724
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	99,305
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	541
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	0
Other guarantees and commitments, Contractual amount, Expiring after 5 years	0
Other guarantees and commitments, Carrying value	0	0
Mortgage repurchase liability
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loan sale and securitization-related indemnifications, Mortgage repurchase liability, Carrying value	60	76
Loans sold with recourse
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loan sale and securitization-related indemnifications, Loans sold with recourse, Contractual amount	834	803
Loan sale and securitization-related indemnifications, Loans sold with recourse, Carrying value	23	24
Exchange & clearing house guarantees and commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	128,408	265,887
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	128,408
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	0
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	0
Other guarantees and commitments, Contractual amount, Expiring after 5 years	0
Other guarantees and commitments, Carrying value	0	0
Other guarantees and commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	11,808	15,074
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	9,806
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	869
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	49
Other guarantees and commitments, Contractual amount, Expiring after 5 years	1,084
Other guarantees and commitments, Carrying value	$ 31	$ 38
Days Past Due, 60 or More | Credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Line of credit close criteria, period past due	60 days

Off-balance Sheet Lending-rel_4

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments - Standby Letters of Credit and Other Financial Guarantees (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Standby letters of credit and other financial guarantees and other letters of credit [Abstract]
Total lending-related commitments	$ 1,523,109	$ 1,497,847
Allowance for lending-related commitments	1,916	1,974	$ 2,370	$ 2,382
Total carrying value	3,866	4,139
Standby letters of credit and other financial guarantees
Standby letters of credit and other financial guarantees and other letters of credit [Abstract]
Investment-grade	19,736	19,694
Noninvestment-grade	8,581	9,178
Total lending-related commitments	28,317	28,872
Allowance for lending-related commitments	87	110
Guarantee liability	326	369
Total carrying value	413	479
Commitments with collateral	16,213	16,861
Other letters of credit
Standby letters of credit and other financial guarantees and other letters of credit [Abstract]
Investment-grade	3,122	3,552
Noninvestment-grade	946	836
Total lending-related commitments	4,068	4,388
Allowance for lending-related commitments	37	37
Guarantee liability	0	0
Total carrying value	37	37
Commitments with collateral	$ 475	$ 539

Off-balance Sheet Lending-rel_5

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments - Schedule of Derivatives Qualifying as Guarantees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Notional amounts
Stable value contracts with contractually limited exposure	$ 54,571,000	$ 49,813,000
JPMorgan Chase Financial Company LLC
Fair value
Direct-owned finance subsidiary ownership	100%
Derivatives qualifying as guarantees
Notional amounts
Derivative guarantees	$ 55,908	54,562
Stable value contracts with contractually limited exposure	33,347	32,488
Maximum exposure of stable value contracts with contractually limited exposure	1,826	1,652
Fair value
Derivative payables	$ 98	$ 89

Pledged Assets and Collateral -

Pledged Assets and Collateral - Pledged Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024		Dec. 31, 2023		Mar. 31, 2023
Pledged assets and Collateral
Pledged assets	$ 4,090,727	[1]	$ 3,875,393	[1]	$ 3,744,305
Assets that may be sold or repledged or otherwise used by secured parties
Pledged assets and Collateral
Pledged assets	200,800		145,000
Assets that may not be sold or repledged or otherwise used by secured parties
Pledged assets and Collateral
Pledged assets	273,700		244,200
Asset pledged
Pledged assets and Collateral
Pledged assets	1,145,500		1,064,800
Assets pledged at Federal Reserve banks and FHLBs | Asset pledged
Pledged assets and Collateral
Pledged assets	$ 671,000		$ 675,600
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 2024 and December 31, 2023. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. Refer to Note 13 for a further discussion. (in millions) March 31, 2024 December 31, 2023 Assets Trading assets $ 2,229 $ 2,170 Loans 40,059 37,611 All other assets 648 591 Total assets $ 42,936 $ 40,372 Liabilities Beneficial interests issued by consolidated VIEs $ 28,075 $ 23,020 All other liabilities 282 263 Total liabilities $ 28,357 $ 23,283

Pledged Assets and Collateral_2

Pledged Assets and Collateral - Collateral (Details) - USD ($) $ in Billions	Mar. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Collateral permitted to be sold or repledged, delivered, or otherwise used	$ 1,444.8	$ 1,303.9
Collateral sold, repledged, delivered or otherwise used	$ 1,113.5	$ 982.8

Litigation (Details)

Litigation (Details)	1 Months Ended			3 Months Ended		36 Months Ended	52 Months Ended
	Aug. 31, 2021 USD ($)	May 31, 2021 USD ($)	Sep. 30, 2018 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2012 fund	Mar. 31, 2024 USD ($)
Loss Contingencies [Line Items]
Legal expense				$ (72,000,000)	$ 176,000,000
Threatened or Pending Litigation | Minimum
Loss Contingencies [Line Items]
Loss contingency range of possible loss				0			$ 0
Threatened or Pending Litigation | Maximum
Loss Contingencies [Line Items]
Loss contingency range of possible loss				$ 1,400,000,000			1,400,000,000
1MDB Litigation, 2009 | J.P. Morgan (Suisse) SA
Loss Contingencies [Line Items]
Amount of claim		$ 300,000,000
1MDB Litigation, 2010 | J.P. Morgan (Suisse) SA
Loss Contingencies [Line Items]
Amount of claim		$ 500,000,000
Amrapali Litigation | JPMorgan India Private Limited
Loss Contingencies [Line Items]
Amount of claim	$ 31,500,000
Number of offshore funds formerly managed by JPMorgan Chase entities | fund						2
Foreign Exchange Investigations and Litigation
Loss Contingencies [Line Items]
Loss contingency disqualification period				10 years
Interchange Litigation | The Defendants
Loss Contingencies [Line Items]
Settlement amount			$ 6,200,000,000
Payments for legal settlement							$ 700,000,000
Settlements with merchants who opted out, percentage of combined card sales volume (over)				70%			70%
Trading Venues Investigations | OCC and FRB
Loss Contingencies [Line Items]
Estimated civil penalties				$ 350,000,000			$ 350,000,000
Trading Venues Investigations | U.S. Regulator
Loss Contingencies [Line Items]
Estimated civil penalties				$ 100,000,000			$ 100,000,000

Business Segments (Details)

Business Segments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) segment		Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	[1]
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Noninterest revenue	$ 18,852		$ 17,638
Net interest income	23,082		20,711
Total net revenue	41,934		38,349
Provision for credit losses	1,884		2,275
Noninterest expense	22,757		20,107
Income/(loss) before income tax expense/(benefit)	17,293		15,967
Income tax expense/(benefit)	3,874		3,345
Net income/(loss)	13,419		12,622
Average equity	300,277		271,197
Total assets	$ 4,090,727	[1]	$ 3,744,305	$ 3,875,393
ROE	17%		18%
Overhead ratio	54%		52%
Operating Segments | Consumer & Community Banking
Segment Reporting Information [Line Items]
Noninterest revenue	$ 3,945		$ 3,623
Net interest income	13,708		12,833
Total net revenue	17,653		16,456
Provision for credit losses	1,913		1,402
Noninterest expense	9,297		8,065
Income/(loss) before income tax expense/(benefit)	6,443		6,989
Income tax expense/(benefit)	1,612		1,746
Net income/(loss)	4,831		5,243
Average equity	54,500		52,000
Total assets	$ 629,122		$ 506,382
ROE	35%		40%
Overhead ratio	53%		49%
Operating Segments | Corporate & Investment Bank
Segment Reporting Information [Line Items]
Noninterest revenue	$ 11,236		$ 11,523
Net interest income	2,397		2,077
Total net revenue	13,633		13,600
Provision for credit losses	32		58
Noninterest expense	7,218		7,483
Income/(loss) before income tax expense/(benefit)	6,383		6,059
Income tax expense/(benefit)	1,630		1,638
Net income/(loss)	4,753		4,421
Average equity	102,000		108,000
Total assets	$ 1,594,901		$ 1,436,237
ROE	18%		16%
Overhead ratio	53%		55%
Operating Segments | Commercial Banking
Segment Reporting Information [Line Items]
Noninterest revenue	$ 925		$ 781
Net interest income	3,026		2,730
Total net revenue	3,951		3,511
Provision for credit losses	(31)		417
Noninterest expense	1,506		1,308
Income/(loss) before income tax expense/(benefit)	2,476		1,786
Income tax expense/(benefit)	607		439
Net income/(loss)	1,869		1,347
Average equity	30,000		28,500
Total assets	$ 303,350		$ 261,181
ROE	24%		18%
Overhead ratio	38%		37%
Operating Segments | Asset & Wealth Management
Segment Reporting Information [Line Items]
Noninterest revenue	$ 3,514		$ 3,333
Net interest income	1,595		1,451
Total net revenue	5,109		4,784
Provision for credit losses	(57)		28
Noninterest expense	3,460		3,091
Income/(loss) before income tax expense/(benefit)	1,706		1,665
Income tax expense/(benefit)	416		298
Net income/(loss)	1,290		1,367
Average equity	15,500		16,000
Total assets	$ 240,555		$ 232,516
ROE	33%		34%
Overhead ratio	68%		65%
Corporate
Segment Reporting Information [Line Items]
Noninterest revenue	$ (275)		$ (755)
Net interest income	2,477		1,740
Total net revenue	2,202		985
Provision for credit losses	27		370
Noninterest expense	1,276		160
Income/(loss) before income tax expense/(benefit)	899		455
Income tax expense/(benefit)	223		211
Net income/(loss)	676		244
Average equity	98,277		66,697
Total assets	1,322,799		1,307,989
Reconciling Items
Segment Reporting Information [Line Items]
Noninterest revenue	(493)		(867)
Net interest income	(121)		(120)
Total net revenue	(614)		(987)
Provision for credit losses	0		0
Noninterest expense	0		0
Income/(loss) before income tax expense/(benefit)	(614)		(987)
Income tax expense/(benefit)	(614)		(987)
Net income/(loss)	0		0
Average equity	$ 0		$ 0
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 2024 and December 31, 2023. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. Refer to Note 13 for a further discussion. (in millions) March 31, 2024 December 31, 2023 Assets Trading assets $ 2,229 $ 2,170 Loans 40,059 37,611 All other assets 648 591 Total assets $ 42,936 $ 40,372 Liabilities Beneficial interests issued by consolidated VIEs $ 28,075 $ 23,020 All other liabilities 282 263 Total liabilities $ 28,357 $ 23,283

Business Combinations - Narrati

Business Combinations - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		11 Months Ended
	May 01, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024
Business Acquisition [Line Items]
Decrease to estimated bargain purchase gain		$ 16
Provision for credit losses		1,884	$ 2,275
First Republic
Business Acquisition [Line Items]
Estimated bargain purchase gain	$ 2,700			$ 2,759
Decrease to estimated bargain purchase gain		16
Net income attributable to the acquisition since the acquisition date		668
Provision for credit losses	$ 1,200
First Republic | Noninterest revenue
Business Acquisition [Line Items]
Revenue attributable to the acquisition since the acquisition date		315
First Republic | Net interest income
Business Acquisition [Line Items]
Revenue attributable to the acquisition since the acquisition date		$ 1,300

Business Combinations - Computa

Business Combinations - Computation of Purchase Price and the Assets Acquired Net of Liabilities Assumed (Details) - First Republic - USD ($) $ in Millions		11 Months Ended
	May 01, 2023	Mar. 31, 2024
Purchase price consideration
Amounts paid/due to the FDIC, net of cash acquired		$ 13,566
Purchase Money Note (at fair value)		48,848
Settlement of First Republic deposit and other related party transactions		5,447
Contingent consideration - Shared-loss agreements		15
Purchase price consideration		67,876
Assets
Securities		30,285
Loans		153,242
Core deposit and customer relationship intangibles		1,455
Indemnification assets - Shared-loss agreements		675
Accounts receivable and other assets		6,595
Total assets acquired		192,252
Liabilities
Deposits		87,572
FHLB advances		27,919
Lending-related commitments		2,614
Accounts payable and other liabilities		2,793
Deferred tax liabilities		719
Total liabilities assumed		121,617
Fair value of net assets acquired		70,635
Estimated gain on acquisition, after income taxes	$ 2,700	2,759
Cash paid at acquisition		10,600
Amounts payable		3,600
Cash acquired from acquisition		680
Consideration transferred for settlement of securities financing transaction		447
Tax-oriented investments		1,200
Right-of-use assets acquired		683
Tax-oriented investment liability		669
Lease liabilities assumed		$ 748
Purchase Money Note
Liabilities
Term of FDIC Purchase Money Note	5 years
Face amount of notes	$ 50,000

Business Combinations - Loans A

Business Combinations - Loans Acquired (Details) - First Republic $ in Millions	Mar. 31, 2024 USD ($)
Business Acquisition [Line Items]
UPB	$ 174,281
Fair value	153,242
Consumer
Business Acquisition [Line Items]
UPB	109,333
Fair value	94,083
Consumer, excluding credit card | Residential real estate
Business Acquisition [Line Items]
UPB	106,240
Fair value	92,053
Consumer, excluding credit card | Auto and other
Business Acquisition [Line Items]
UPB	3,093
Fair value	2,030
Wholesale
Business Acquisition [Line Items]
UPB	64,948
Fair value	59,159
Wholesale | Secured by real estate
Business Acquisition [Line Items]
UPB	37,117
Fair value	33,602
Wholesale | Commercial and industrial
Business Acquisition [Line Items]
UPB	4,332
Fair value	3,932
Wholesale | Other
Business Acquisition [Line Items]
UPB	23,499
Fair value	$ 21,625

Business Combinations - Unaudit

Business Combinations - Unaudited Pro Forma Information (Details) - First Republic $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Business Acquisition [Line Items]
Net income	$ 13,168
Noninterest revenue
Business Acquisition [Line Items]
Revenue	17,899
Net interest income
Business Acquisition [Line Items]
Revenue	$ 21,909