Bank of America (BAC) 10-Q 30 Jul 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 29, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	1-6523
Entity Registrant Name	Bank of America Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	56-0906609
Entity Address, Address Line One	100 N. Tryon Street
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28255
City Area Code	704
Local Phone Number	386-5681
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		7,759,577,413
Entity Central Index Key	0000070858
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock, par value $0.01 per share
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BAC
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrE
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrB
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, HH
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrK
Security Exchange Name	NYSE
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L
Document Information [Line Items]
Title of 12(b) Security	7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L
Trading Symbol	BAC PrL
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 1
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrG
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 2
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrH
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 4
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrJ
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 5
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,200th interest in a share
Trading Symbol	BML PrL
Security Exchange Name	NYSE
Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIII (and the guarantee related thereto)
Document Information [Line Items]
Title of 12(b) Security	Floating Rate Preferred Hybrid Income Term Securities of BAC Capital
Trading Symbol	BAC/PF
Security Exchange Name	NYSE
5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIV (and the guarantee related thereto)
Document Information [Line Items]
Title of 12(b) Security	5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities
Trading Symbol	BAC/PG
Security Exchange Name	NYSE
Income Capital Obligation Notes initially due December 15, 2066 of Bank of America Corporation
Document Information [Line Items]
Title of 12(b) Security	Income Capital Obligation Notes initially due December 15, 2066 of
Trading Symbol	MER PrK
Security Exchange Name	NYSE
Senior Medium-Term Notes, Series A, Step Up Callable Notes, due November 28, 2031 of BofA Finance LLC (and the guarantee of the Registrant with respect thereto)
Document Information [Line Items]
Title of 12(b) Security	Senior Medium-Term Notes, Series A, Step Up Callable Notes, due
Trading Symbol	BAC/31B
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share of
Trading Symbol	BAC PrM
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrN
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share of
Trading Symbol	BAC PrO
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share of
Trading Symbol	BAC PrP
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share of
Trading Symbol	BAC PrQ
Security Exchange Name	NYSE
Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/1,000th interest in a share
Trading Symbol	BAC PrS
Security Exchange Name	NYSE

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net interest income
Interest income	$ 36,854	$ 32,354	$ 73,139	$ 61,009
Interest expense	23,152	18,196	45,405	32,403
Net interest income	13,702	14,158	27,734	28,606
Noninterest income
Fees and commissions	8,969	7,961	17,629	15,855
Market making and similar activities	3,298	3,697	7,186	8,409
Other income (loss)	(592)	(619)	(1,354)	(1,415)
Total noninterest income	11,675	11,039	23,461	22,849
Total revenue, net of interest expense	25,377	25,197	51,195	51,455
Provision for credit losses	1,508	1,125	2,827	2,056
Noninterest expense
Compensation and benefits	9,826	9,401	20,021	19,319
Occupancy and equipment	1,818	1,776	3,629	3,575
Information processing and communications	1,763	1,644	3,563	3,341
Product delivery and transaction related	891	956	1,742	1,846
Professional fees	654	527	1,202	1,064
Marketing	487	513	942	971
Other general operating	870	1,221	2,447	2,160
Total noninterest expense	16,309	16,038	33,546	32,276
Income before income taxes	7,560	8,034	14,822	17,123
Income tax expense	663	626	1,251	1,554
Net income	6,897	7,408	13,571	15,569
Preferred stock dividends	315	306	847	811
Net income applicable to common shareholders	$ 6,582	$ 7,102	$ 12,724	$ 14,758
Per common share information
Earnings (in dollars per share)	$ 0.83	$ 0.88	$ 1.60	$ 1.83
Diluted earnings (in dollars per share)	$ 0.83	$ 0.88	$ 1.59	$ 1.82
Average common shares issued and outstanding (in shares)	7,897.9	8,040.9	7,933.3	8,053.5
Average diluted common shares issued and outstanding (in shares)	7,960.9	8,080.7	7,996.2	8,162.6

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 6,897	$ 7,408	$ 13,571	$ 15,569
Other comprehensive income (loss), net-of-tax:
Net change in debt securities	(305)	168	27	723
Net change in debit valuation adjustments	53	(404)	(135)	(394)
Net change in derivatives	686	(1,993)	270	49
Employee benefit plan adjustments	25	9	48	19
Net change in foreign currency translation adjustments	(31)	5	(51)	17
Other comprehensive income (loss)	428	(2,215)	159	414
Comprehensive income (loss)	$ 7,325	$ 5,193	$ 13,730	$ 15,983

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 25,849	$ 27,892
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	294,783	305,181
Cash and cash equivalents	320,632	333,073
Time deposits placed and other short-term investments	8,369	8,346
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $167,835 and $133,053 measured at fair value)	337,752	280,624
Trading account assets (includes $151,737 and $130,815 pledged as collateral)	306,466	277,354
Derivative assets	35,956	39,323
Debt securities:
Carried at fair value	301,051	276,852
Held-to-maturity, at cost (fair value $466,636 and $496,597)	577,366	594,555
Total debt securities	878,417	871,407
Loans and leases (includes $3,197 and $3,569 measured at fair value)	1,056,785	1,053,732
Allowance for loan and lease losses	(13,238)	(13,342)
Loans and leases, net of allowance	1,043,547	1,040,390
Premises and equipment, net	11,917	11,855
Goodwill	69,021	69,021
Loans held-for-sale (includes $1,572 and $2,059 measured at fair value)	7,043	6,002
Customer and other receivables	80,978	81,881
Other assets (includes $15,314 and $11,861 measured at fair value)	157,898	160,875
Total assets	3,257,996	3,180,151
Deposits in U.S. offices:
Noninterest-bearing	503,037	530,619
Interest-bearing (includes $370 and $284 measured at fair value)	1,291,853	1,273,904
Deposits in non-U.S. offices:
Noninterest-bearing	14,573	16,427
Interest-bearing	101,028	102,877
Total deposits	1,910,491	1,923,827
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $214,719 and $178,609 measured at fair value)	368,106	283,887
Trading account liabilities	100,345	95,530
Derivative liabilities	40,508	43,432
Short-term borrowings (includes $7,200 and $4,690 measured at fair value)	40,429	32,098
Accrued expenses and other liabilities (includes $15,064 and $11,473 measured at fair value and $1,104 and $1,209 of reserve for unfunded lending commitments)	213,751	207,527
Long-term debt (includes $46,875 and $42,809 measured at fair value)	290,474	302,204
Total liabilities	2,964,104	2,888,505
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 10 – Commitments and Contingencies)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 4,013,928 and 4,088,099 Shares	26,548	28,397
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,774,753,442 and 7,895,457,665 shares	51,376	56,365
Retained earnings	233,597	224,672
Accumulated other comprehensive income (loss)	(17,629)	(17,788)
Total shareholders’ equity	293,892	291,646
Total liabilities and shareholders’ equity	3,257,996	3,180,151
Consolidated VIEs
Assets
Trading account assets (includes $151,737 and $130,815 pledged as collateral)	5,647	6,054
Debt securities:
Loans and leases (includes $3,197 and $3,569 measured at fair value)	19,827	18,276
Allowance for loan and lease losses	(917)	(826)
Loans and leases, net of allowance	18,910	17,450
Other assets (includes $15,314 and $11,861 measured at fair value)	281	269
Total assets	24,838	23,773
Deposits in non-U.S. offices:
Short-term borrowings (includes $7,200 and $4,690 measured at fair value)	3,343	2,957
Long-term debt (includes $46,875 and $42,809 measured at fair value)	9,137	8,456
All other liabilities (includes $22 and $19 of non-recourse liabilities)	22	19
Total liabilities	$ 12,502	$ 11,432

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell measured at fair value	$ 167,835	$ 133,053
Trading account assets, pledged as collateral	151,737	130,815
Debt securities:
Fair Value	466,636	496,597
Loans and leases, measured at fair value	3,197	3,569
Loans held for sale, measured at fair value	1,572	2,059
Other assets	15,314	11,861
Deposits in U.S. offices:
Interest bearing, measured at fair value	370	284
Federal funds purchased and securities loans or sold under agreements to repurchase, at fair value	214,719	178,609
Short-term borrowings, measured at fair value	7,200	4,690
Accrued expenses and other liabilities, measured at fair value	15,064	11,473
Accrued expenses and other liabilities, reserve for unfunded lending commitments	1,104	1,209
Long-term debt, measured at fair value	$ 46,875	$ 42,809
Shareholders’ equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	100,000,000	100,000,000
Preferred stock issued (in shares)	4,013,928	4,088,099
Preferred stock outstanding (in shares)	4,013,928	4,088,099
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	12,800,000,000	12,800,000,000
Common stock issued (in shares)	7,774,753,442	7,895,457,665
Common stock outstanding (in shares)	7,774,753,442	7,895,457,665
Short-term borrowings	$ 40,429	$ 32,098
Long-term debt	290,474	302,204
Consolidated VIEs
Shareholders’ equity
Short-term borrowings	3,343	2,957
Long-term debt	9,137	8,456
All other liabilities	22	19
Consolidated VIEs | Nonrecourse
Shareholders’ equity
Short-term borrowings	0	23
Long-term debt	9,137	8,456
All other liabilities	$ 22	$ 19

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Preferred Stock	Common Stock and Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2022	$ 273,197	$ 184	$ 28,397	$ 58,953	$ 207,003	$ 184	$ (21,156)
Beginning balance (in shares) at Dec. 31, 2022				7,996.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,569				15,569
Net change in debt securities	723						723
Net change in debit valuation adjustments	(394)						(394)
Net change in derivatives	49						49
Employee benefit plan adjustments	19						19
Net change in foreign currency translation adjustments	17						17
Dividends declared:
Common	(3,541)				(3,541)
Preferred	(811)				(811)
Common stock issued under employee plans, net, and other	1,072			$ 1,079	(7)
Common stock issued under employee plans, net, and other (in shares)				42.8
Common stock repurchased	(2,765)			$ (2,765)
Common stock repurchased (in shares)				(86)
Ending balance at Jun. 30, 2023	283,319		28,397	$ 57,267	218,397		(20,742)
Ending balance (in shares) at Jun. 30, 2023				7,953.6
Beginning balance at Mar. 31, 2023	280,196		28,397	$ 57,264	213,062		(18,527)
Beginning balance (in shares) at Mar. 31, 2023				7,972.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,408				7,408
Net change in debt securities	168						168
Net change in debit valuation adjustments	(404)						(404)
Net change in derivatives	(1,993)						(1,993)
Employee benefit plan adjustments	9						9
Net change in foreign currency translation adjustments	5						5
Dividends declared:
Common	(1,767)				(1,767)
Preferred	(306)				(306)
Common stock issued under employee plans, net, and other	553			$ 553
Common stock issued under employee plans, net, and other (in shares)				0.4
Common stock repurchased	(550)			$ (550)
Common stock repurchased (in shares)				(19.2)
Ending balance at Jun. 30, 2023	283,319		28,397	$ 57,267	218,397		(20,742)
Ending balance (in shares) at Jun. 30, 2023				7,953.6
Beginning balance at Dec. 31, 2023	291,646		28,397	$ 56,365	224,672		(17,788)
Beginning balance (in shares) at Dec. 31, 2023				7,895.5
Dividends declared:
Preferred	(532)
Ending balance at Mar. 31, 2024	293,552		28,397	$ 54,310	228,902		(18,057)
Ending balance (in shares) at Mar. 31, 2024				7,866.9
Beginning balance at Dec. 31, 2023	291,646		28,397	$ 56,365	224,672		(17,788)
Beginning balance (in shares) at Dec. 31, 2023				7,895.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,571				13,571
Net change in debt securities	27						27
Net change in debit valuation adjustments	(135)						(135)
Net change in derivatives	270						270
Employee benefit plan adjustments	48						48
Net change in foreign currency translation adjustments	(51)						(51)
Dividends declared:
Common	(3,797)				(3,797)
Preferred	(842)				(842)
Redemption of preferred stock	(1,854)		(1,849)		(5)
Common stock issued under employee plans, net, and other	1,044			$ 1,046	(2)
Common stock issued under employee plans, net, and other (in shares)				44.4
Common stock repurchased	(6,035)			$ (6,035)
Common stock repurchased (in shares)				(165.1)
Ending balance at Jun. 30, 2024	293,892		26,548	$ 51,376	233,597		(17,629)
Ending balance (in shares) at Jun. 30, 2024				7,774.8
Beginning balance at Mar. 31, 2024	293,552		28,397	$ 54,310	228,902		(18,057)
Beginning balance (in shares) at Mar. 31, 2024				7,866.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,897				6,897
Net change in debt securities	(305)						(305)
Net change in debit valuation adjustments	53						53
Net change in derivatives	686						686
Employee benefit plan adjustments	25						25
Net change in foreign currency translation adjustments	(31)						(31)
Dividends declared:
Common	(1,887)				(1,887)
Preferred	(310)				(310)
Redemption of preferred stock	(1,854)		(1,849)		(5)
Common stock issued under employee plans, net, and other	601			$ 601
Common stock issued under employee plans, net, and other (in shares)				0.4
Common stock repurchased	(3,535)			$ (3,535)
Common stock repurchased (in shares)				(92.5)
Ending balance at Jun. 30, 2024	$ 293,892		$ 26,548	$ 51,376	$ 233,597		$ (17,629)
Ending balance (in shares) at Jun. 30, 2024				7,774.8

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities
Net income	$ 13,571	$ 15,569
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	2,827	2,056
(Gains) losses on sales of debt securities	(14)	404
Depreciation and amortization	1,081	1,013
Net (accretion) amortization of discount/premium on debt securities	(394)	64
Deferred income taxes	(883)	(612)
Stock-based compensation	1,710	1,626
Loans held-for-sale:
Originations and purchases	(16,956)	(7,345)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities	15,663	7,349
Net change in:
Trading and derivative assets/liabilities	(25,246)	1,289
Other assets	1,335	(6,618)
Accrued expenses and other liabilities	6,183	(18,449)
Other operating activities, net	3,680	4,140
Net cash provided by operating activities	2,557	486
Investing activities
Time deposits placed and other short-term investments	(23)	(722)
Federal funds sold and securities borrowed or purchased under agreements to resell	(54,628)	(8,707)
Debt securities carried at fair value:
Proceeds from sales	24,454	93,947
Proceeds from paydowns and maturities	188,518	35,177
Purchases	(239,755)	(39,260)
Held-to-maturity debt securities:
Proceeds from paydowns and maturities	16,568	18,078
Purchases	0	(77)
Loans and leases:
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities	4,199	5,129
Purchases	(2,736)	(2,590)
Other changes in loans and leases, net	(7,610)	(9,731)
Other investing activities, net	(1,832)	(2,514)
Net cash provided by (used in) investing activities	(72,845)	88,730
Financing activities
Deposits	(13,336)	(53,132)
Federal funds purchased and securities loaned or sold under agreements to repurchase	84,219	92,992
Short-term borrowings	8,331	14,085
Long-term debt:
Proceeds from issuance	30,373	30,709
Retirement	(36,142)	(22,268)
Preferred stock redemption	(1,854)	0
Common stock repurchased	(6,035)	(2,765)
Cash dividends paid	(4,735)	(4,443)
Other financing activities, net	(463)	(752)
Net cash provided by financing activities	60,358	54,426
Effect of exchange rate changes on cash and cash equivalents	(2,511)	(292)
Net increase (decrease) in cash and cash equivalents	(12,441)	143,350
Cash and cash equivalents at January 1	333,073	230,203
Cash and cash equivalents at June 30	$ 320,632	$ 373,553

Summary of Significant Accounti

Summary of Significant Accounting Principles	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Principles	Summary of Significant Accounting Principles Bank of America Corporation, a bank holding company and a financial holding company, provides a diverse range of financial services and products throughout the U.S. and in certain international markets. The term “the Corporation” as used herein may refer to Bank of America Corporation, individually, Bank of America Corporation and its subsidiaries, or certain of Bank of America Corporation’s subsidiaries or affiliates. Principles of Consolidation and Basis of Presentation The Consolidated Financial Statements include the accounts of the Corporation and its majority-owned subsidiaries and those variable interest entities (VIEs) where the Corporation is the primary beneficiary. Intercompany accounts and transactions have been eliminated. Results of operations of acquired companies are included from the dates of acquisition, and for VIEs, from the dates that the Corporation became the primary beneficiary. Assets held in an agency or fiduciary capacity are not included in the Consolidated Financial Statements. The Corporation accounts for investments in companies for which it owns a voting interest and for which it has the ability to exercise significant influence over operating and financing decisions using the equity method of accounting. These investments, which include the Corporation’s interests in affordable housing and renewable energy partnerships, are recorded in other assets. Equity method investments are subject to impairment testing, and the Corporation’s proportionate share of income or loss is included in other income. The preparation of the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could materially differ from those estimates and assumptions. These unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements, and related notes thereto, of the Corporation’s 2023 Annual Report on Form 10-K. The nature of the Corporation’s business is such that the results of any interim period are not necessarily indicative of results for a full year. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair statement of the interim period results, have been made. The Corporation evaluates subsequent events through the date of filing with the Securities and Exchange Commission (SEC).

Net Interest Income and Noninte

Net Interest Income and Noninterest Income	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Net Interest Income and Noninterest Income	Net Interest Income and Noninterest Income The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for the three and six months ended June 30, 2024 and 2023. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K . For a disaggregation of noninterest income by business segment and All Other , see Note 17 – Business Segment Information. Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Net interest income Interest income Loans and leases $ 15,338 $ 13,970 $ 30,578 $ 27,067 Debt securities 6,325 4,691 12,462 10,151 Federal funds sold and securities borrowed or purchased under agreements to resell 5,159 4,955 10,334 8,667 Trading account assets 2,516 2,076 4,971 4,104 Other interest income (1) 7,516 6,662 14,794 11,020 Total interest income 36,854 32,354 73,139 61,009 Interest expense Deposits 9,655 5,785 18,793 10,099 Short-term borrowings 9,070 8,355 17,605 14,535 Trading account liabilities 540 472 1,086 976 Long-term debt 3,887 3,584 7,921 6,793 Total interest expense 23,152 18,196 45,405 32,403 Net interest income $ 13,702 $ 14,158 $ 27,734 $ 28,606 Noninterest income Fees and commissions Card income Interchange fees (2) $ 1,023 $ 1,023 $ 1,954 $ 1,979 Other card income 558 523 1,090 1,036 Total card income 1,581 1,546 3,044 3,015 Service charges Deposit-related fees 1,172 1,045 2,294 2,142 Lending-related fees 335 319 655 632 Total service charges 1,507 1,364 2,949 2,774 Investment and brokerage services Asset management fees 3,370 2,969 6,640 5,887 Brokerage fees 950 870 1,867 1,804 Total investment and brokerage services 4,320 3,839 8,507 7,691 Investment banking fees Underwriting income 869 657 1,770 1,226 Syndication fees 318 180 612 411 Financial advisory services 374 375 747 738 Total investment banking fees 1,561 1,212 3,129 2,375 Total fees and commissions 8,969 7,961 17,629 15,855 Market making and similar activities 3,298 3,697 7,186 8,409 Other income (loss) (592) (619) (1,354) (1,415) Total noninterest income $ 11,675 $ 11,039 $ 23,461 $ 22,849 (1) Includes interest income on interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks of $4.5 billion and $4.3 billion for the three months ended June 30, 2024 and 2023, and $9.0 billion and $6.3 billion for the six months ended June 30, 2024 and 2023. (2) Gross interchange fees and merchant income are $3.5 billion and $3.4 billion for the three months ended June 30, 2024 and 2023 and both are presented net of $2.4 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods. Gross interchange fees and merchant income were $6.7 billion and $6.6 billion for the six months ended June 30, 2024 and 2023 and are presented net of $4.7 billion and $4.6 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Derivative Balances Derivatives are entered into on behalf of customers, for trading or to support risk management activities. Derivatives used in risk management activities include derivatives that may or may not be designated in qualifying hedge accounting relationships. Derivatives that are not designated in qualifying hedge accounting relationships are referred to as other risk management derivatives. For more information on the Corporation’s derivatives and hedging activities, see Note 1 – Summary of Significant Accounting Principles and Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at June 30, 2024 and December 31, 2023. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and have been reduced by cash collateral received or paid. June 30, 2024 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 19,803.9 $ 74.8 $ 8.4 $ 83.2 $ 61.9 $ 19.3 $ 81.2 Futures and forwards 3,795.0 2.3 — 2.3 2.5 — 2.5 Written options (2) 1,876.4 — — — 31.1 — 31.1 Purchased options (3) 1,822.8 32.6 — 32.6 — — — Foreign exchange contracts Swaps 1,964.6 36.2 0.1 36.3 33.8 0.1 33.9 Spot, futures and forwards 4,893.9 33.9 0.7 34.6 33.9 0.2 34.1 Written options (2) 552.5 — — — 7.6 — 7.6 Purchased options (3) 512.7 7.5 — 7.5 — — — Equity contracts Swaps 483.9 11.8 — 11.8 17.0 — 17.0 Futures and forwards 139.3 2.0 — 2.0 1.6 — 1.6 Written options (2) 966.1 — — — 66.8 — 66.8 Purchased options (3) 874.7 56.5 — 56.5 — — — Commodity contracts Swaps 66.0 2.8 — 2.8 3.8 — 3.8 Futures and forwards 184.3 5.1 — 5.1 4.6 0.1 4.7 Written options (2) 74.8 — — — 3.1 — 3.1 Purchased options (3) 80.8 2.9 — 2.9 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 433.2 1.9 — 1.9 2.6 — 2.6 Total return swaps/options 113.8 0.7 — 0.7 0.8 — 0.8 Written credit derivatives: Credit default swaps 412.7 2.1 — 2.1 1.7 — 1.7 Total return swaps/options 104.6 1.0 — 1.0 0.4 — 0.4 Gross derivative assets/liabilities $ 274.1 $ 9.2 $ 283.3 $ 273.2 $ 19.7 $ 292.9 Less: Legally enforceable master netting agreements (219.9) (219.9) Less: Cash collateral received/paid (27.4) (32.5) Total derivative assets/liabilities $ 36.0 $ 40.5 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) Includes certain out-of-the-money purchased options that have a liability amount primarily due to the deferral of option premiums to the end of the contract. (3) Includes certain out-of-the-money written options that have an asset amount primarily due to the deferral of option premiums to the end of the contract. (4) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $280 million and $382.4 billion at June 30, 2024. December 31, 2023 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 15,715.2 $ 78.4 $ 7.9 $ 86.3 $ 66.6 $ 18.5 $ 85.1 Futures and forwards 2,803.8 5.1 — 5.1 7.0 — 7.0 Written options (2) 1,807.7 — — — 31.7 — 31.7 Purchased options (3) 1,714.9 32.9 — 32.9 — — — Foreign exchange contracts Swaps 1,814.7 41.1 0.2 41.3 38.2 0.5 38.7 Spot, futures and forwards 3,561.7 37.2 6.1 43.3 40.3 6.2 46.5 Written options (2) 462.8 — — — 6.8 — 6.8 Purchased options (3) 405.3 6.2 — 6.2 — — — Equity contracts Swaps 427.0 13.3 — 13.3 16.7 — 16.7 Futures and forwards 136.9 2.1 — 2.1 1.6 — 1.6 Written options (2) 854.9 — — — 50.1 — 50.1 Purchased options (3) 716.2 44.1 — 44.1 — — — Commodity contracts Swaps 59.0 3.1 — 3.1 4.5 — 4.5 Futures and forwards 187.8 3.8 — 3.8 3.1 0.4 3.5 Written options (2) 67.1 — — — 3.3 — 3.3 Purchased options (3) 70.9 3.0 — 3.0 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 312.8 1.7 — 1.7 2.5 — 2.5 Total return swaps/options 69.4 0.8 — 0.8 1.3 — 1.3 Written credit derivatives: Credit default swaps 289.1 2.2 — 2.2 1.6 — 1.6 Total return swaps/options 68.6 1.1 — 1.1 0.3 — 0.3 Gross derivative assets/liabilities $ 276.1 $ 14.2 $ 290.3 $ 275.6 $ 25.6 $ 301.2 Less: Legally enforceable master netting agreements (221.6) (221.6) Less: Cash collateral received/paid (29.4) (36.2) Total derivative assets/liabilities $ 39.3 $ 43.4 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) Includes certain out-of-the-money purchased options that have a liability amount primarily due to the deferral of option premiums to the end of the contract. (3) Includes certain out-of-the-money written options that have an asset amount primarily due to the deferral of option premiums to the end of the contract. (4) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $520 million and $266.5 billion at December 31, 2023. Offsetting of Derivatives The Corporation enters into International Swaps and Derivatives Association, Inc. (ISDA) master netting agreements or similar agreements with substantially all of the Corporation’s derivative counterparties. For more information, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at June 30, 2024 and December 31, 2023 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements, which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 9 – Securities Financing Agreements, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) June 30, 2024 December 31, 2023 Interest rate contracts Over-the-counter $ 115.2 $ 110.1 $ 119.2 $ 117.7 Exchange-traded 0.1 0.1 0.2 0.2 Over-the-counter cleared 2.3 2.5 4.4 3.3 Foreign exchange contracts Over-the-counter 77.1 74.6 89.7 90.4 Over-the-counter cleared 0.2 0.2 0.2 0.2 Equity contracts Over-the-counter 24.3 36.1 24.7 32.2 Exchange-traded 44.7 46.8 34.4 33.9 Commodity contracts Over-the-counter 7.6 8.6 6.6 8.4 Exchange-traded 2.1 2.1 2.3 2.1 Over-the-counter cleared 0.6 0.7 0.4 0.5 Credit derivatives Over-the-counter 5.6 5.3 5.7 5.6 Total gross derivative assets/liabilities, before netting Over-the-counter 229.8 234.7 245.9 254.3 Exchange-traded 46.9 49.0 36.9 36.2 Over-the-counter cleared 3.1 3.4 5.0 4.0 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (198.5) (203.7) (212.1) (218.9) Exchange-traded (45.8) (45.8) (35.4) (35.4) Over-the-counter cleared (3.0) (2.9) (3.5) (3.5) Derivative assets/liabilities, after netting 32.5 34.7 36.8 36.7 Other gross derivative assets/liabilities (2) 3.5 5.8 2.5 6.7 Total derivative assets/liabilities 36.0 40.5 39.3 43.4 Less: Financial instruments collateral (3) (16.5) (14.6) (15.5) (13.0) Total net derivative assets/liabilities $ 19.5 $ 25.9 $ 23.8 $ 30.4 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities. Derivatives Designated as Accounting Hedges The Corporation uses various types of interest rate and foreign exchange derivative contracts to protect against changes in the fair value of its assets and liabilities due to fluctuations in interest rates and foreign exchange rates (fair value hedges). The Corporation also uses these types of contracts to protect against changes in the cash flows of its assets and liabilities, and other forecasted transactions (cash flow hedges). The Corporation hedges its net investment in consolidated non-U.S. operations determined to have functional currencies other than the U.S. dollar using forward exchange contracts and cross-currency basis swaps, and by issuing foreign currency- denominated debt (net investment hedges). Fair Value Hedges The following table summarizes information related to fair value hedges for the three and six months ended June 30, 2024 and 2023. Gains and Losses on Derivatives and Hedged Items Designated in Fair Value Hedges Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 (Dollars in millions) Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ (486) $ 481 $ (3,550) $ 3,516 Interest rate and foreign currency risk (2) 279 (285) 107 (104) Interest rate risk on available-for-sale securities (3) 315 (324) 1,880 (1,884) Price risk on commodity inventory (4) (166) 166 691 (691) Total $ (58) $ 38 $ (872) $ 837 ` Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ (3,590) $ 3,571 $ (242) $ 211 Interest rate and foreign currency risk (2) 623 (614) 115 (112) Interest rate risk on available-for-sale securities (3) 2,805 (2,826) (1,147) 1,132 Price risk on commodity inventory (4) (386) 386 172 (172) Total $ (548) $ 517 $ (1,102) $ 1,059 (1) Amounts are recorded in interest expense in the Consolidated Statement of Income. (2) Represents cross-currency interest rate swaps related to available-for-sale debt securities and long-term debt. For the three and six months ended June 30, 2024, the derivative amount includes gains (losses) of $8 million and $17 million in interest income, $273 million and $597 million in market making and similar activities, and $(2) million and $9 million in accumulated other comprehensive income (OCI). For the same periods in 2023, the derivative amount includes gains (losses) of $1 million and $1 million in interest income, $(1) million and $7 million in interest expense, $103 million and $105 million in market making and similar activities, and $4 million and $2 million in accumulated OCI. Line item totals are in the Consolidated Statement of Income and on the Consolidated Balance Sheet. (3) Amounts are recorded in interest income in the Consolidated Statement of Income. (4) Amounts are recorded in market making and similar activities in the Consolidated Statement of Income. The table below summarizes the carrying value of hedged assets and liabilities that are designated in fair value hedging relationships, along with the cumulative amount of gains and losses on the hedged assets and liabilities that are included in their carrying value. There is no impact to earnings for the cumulative amount of these fair value hedging adjustments as long as the hedging relationships remain open through the hedged period. Instead, the open hedges have the effect of synthetically converting the hedged assets and liabilities into variable-rate instruments. If an open hedge is de-designated prior to the derivative’s maturity, any cumulative fair value adjustments at the de-designation date are then amortized or accreted into earnings over the remaining life of the hedged assets or liabilities. Designated Fair Value Hedged Assets and Liabilities June 30, 2024 December 31, 2023 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt $ 188,684 $ (9,086) $ 203,986 $ (5,767) Available-for-sale debt securities (2, 3) 208,693 (4,972) 134,077 (1,793) Trading account assets (4) 3,257 167 7,475 414 (1) Increase (decrease) to carrying value. (2) These amounts include the amortized cost of the financial assets in closed portfolios used to designate hedging relationships in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship (i.e. portfolio layer hedging relationship). At June 30, 2024 and December 31, 2023, the amortized cost of the closed portfolios used in these hedging relationships was $37.8 billion and $39.1 billion, of which $24.4 billion and $22.5 billion were designated in a portfolio layer hedging relationship. At June 30, 2024 and December 31, 2023, the cumulative adjustment associated with these hedging relationships was a decrease of $341 million and an increase of $48 million. (3) Carrying value represents amortized cost. (4) Represents hedging activities related to certain commodities inventory. At June 30, 2024 and December 31, 2023, the fair value adjustments from de-designated long-term debt hedges decreased the long-term debt carrying value by $10.2 billion and $10.5 billion. The fair value adjustments from de-designated AFS debt securities hedges decreased the AFS debt securities carrying value by $5.0 billion and $5.6 billion. The fair value adjustments are being amortized or accreted into interest over the contractual lives of the assets or liabilities, along with any premiums or discounts. Cash Flow and Net Investment Hedges The following table summarizes certain information related to cash flow hedges and net investment hedges for the three and six months ended June 30, 2024 and 2023. Of the $7.7 billion after-tax net loss ($10.3 billion pretax) on derivatives in accumulated OCI at June 30, 2024, losses of $3.7 billion after-tax ($4.9 billion pretax) related to both open and closed cash flow hedges are expected to be reclassified into earnings in the next 12 months. These net losses reclassified into earnings are expected to primarily decrease net interest income related to the respective hedged items. For open cash flow hedges, the maximum length of time over which forecasted transactions are hedged is approximately nine years. For terminated cash flow hedges, the time period over which the forecasted transactions will be recognized in interest income is approximately five years, with the aggregated amount beyond this time period being insignificant. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) (Dollars in millions, amounts pretax) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Cash flow hedges Interest rate risk on variable-rate portfolios (1) $ 35 $ (882) $ (1,055) $ (1,396) Price risk on forecasted MBS purchases (1) — (2) — (4) Price risk on certain compensation plans (2) 5 8 19 17 Total $ 40 $ (876) $ (1,036) $ (1,383) Net investment hedges Foreign exchange risk (3) $ 595 $ — $ 1,392 $ — Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Cash flow hedges Interest rate risk on variable-rate portfolios (1) $ (2,878) $ (189) $ (328) $ (349) Price risk on forecasted MBS purchases (1) 2 — 4 — Price risk on certain compensation plans (2) 19 6 36 11 Total $ (2,857) $ (183) $ (288) $ (338) Net investment hedges Foreign exchange risk (3) $ (91) $ 3 $ (468) $ 3 (1) Amounts reclassified from accumulated OCI are recorded in interest income in the Consolidated Statement of Income. (2) Amounts reclassified from accumulated OCI are recorded in compensation and benefits expense in the Consolidated Statement of Income. (3) Amounts reclassified from accumulated OCI are recorded in other income in the Consolidated Statement of Income. For the three and six months ended June 30, 2024, amounts excluded from effectiveness testing and recognized in market making and similar activities were gains of $40 million and $106 million. For the same periods in 2023, amounts excluded from effectiveness testing and recognized in market making and similar activities were gains of $76 million and $109 million. Other Risk Management Derivatives Other risk management derivatives are used by the Corporation to reduce certain risk exposures by economically hedging various assets and liabilities. The table below presents gains (losses) on these derivatives for the three and six months ended June 30, 2024 and 2023. These gains (losses) are largely offset by the income or expense recorded on the hedged item. Gains and Losses on Other Risk Management Derivatives Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Interest rate risk on mortgage activities (1, 2) $ (10) $ (23) $ (40) $ 3 Credit risk on loans (2) 4 (12) (15) (40) Interest rate and foreign currency risk on asset and liability management activities (3) 82 781 173 659 Price risk on certain compensation plans (4) 53 188 295 383 (1) Includes hedges of interest rate risk on mortgage servicing rights (MSRs) and interest rate lock commitments (IRLCs) to originate mortgage loans that will be held for sale. (2) Gains (losses) on these derivatives are recorded in other income. (3) Gains (losses) on these derivatives are recorded in market making and similar activities. (4) Gains (losses) on these derivatives are recorded in compensation and benefits expense. Transfers of Financial Assets with Risk Retained through Derivatives The Corporation enters into certain transactions involving the transfer of financial assets that are accounted for as sales where substantially all of the economic exposure to the transferred financial assets is retained through derivatives (e.g., interest rate and/or credit), but the Corporation does not retain control over the assets transferred. At June 30, 2024 and December 31, 2023, the Corporation had transferred $4.0 billion and $4.1 billion of non-U.S. government-guaranteed mortgage-backed securities to a third-party trust and retained economic exposure to the transferred assets through derivative contracts. In connection with these transfers, the Corporation received gross cash proceeds of $4.1 billion and $4.2 billion at the transfer dates. At June 30, 2024 and December 31, 2023, the fair value of the transferred securities was $3.9 billion and $4.1 billion. Sales and Trading Revenue The Corporation enters into trading derivatives to facilitate client transactions and to manage risk exposures arising from trading account assets and liabilities. It is the Corporation’s policy to include these derivative instruments in its trading activities, which include derivatives and non-derivative cash instruments. The resulting risk from these derivatives is managed on a portfolio basis as part of the Corporation’s Global Markets business segment. For more information on sales and trading revenue, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. The following table, which includes both derivatives and non-derivative cash instruments, identifies the amounts in the respective income statement line items attributable to the Corporation’s sales and trading revenue in Global Markets , categorized by primary risk, for the three and six months ended June 30, 2024 and 2023. This table includes debit valuation adjustment (DVA) and funding valuation adjustment (FVA) gains (losses). Global Markets results in Note 17 – Business Segment Information are presented on a fully taxable-equivalent (FTE) basis. The following table is not presented on an FTE basis. Sales and Trading Revenue Market making and similar activities Net Interest Other (1) Total Market making and similar activities Net Interest Other (1) Total (Dollars in millions) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Interest rate risk $ 559 $ 245 $ 108 $ 912 $ 1,412 $ 475 $ 185 $ 2,072 Foreign exchange risk 449 29 16 494 886 63 39 988 Equity risk 1,837 (339) 450 1,948 3,701 (768) 877 3,810 Credit risk 271 600 198 1,069 822 1,204 329 2,355 Other risk (2) 101 31 (18) 114 226 60 (31) 255 Total sales and trading revenue $ 3,217 $ 566 $ 754 $ 4,537 $ 7,047 $ 1,034 $ 1,399 $ 9,480 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Interest rate risk $ 807 $ 39 $ 125 $ 971 $ 2,052 $ 138 $ 211 $ 2,401 Foreign exchange risk 506 31 15 552 908 80 39 1,027 Equity risk 1,659 (511) 459 1,607 3,659 (1,348) 918 3,229 Credit risk 311 610 94 1,015 791 1,276 209 2,276 Other risk (2) 125 (63) (7) 55 395 (143) (8) 244 Total sales and trading revenue $ 3,408 $ 106 $ 686 $ 4,200 $ 7,805 $ 3 $ 1,369 $ 9,177 (1) Represents amounts in investment and brokerage services and other income that are recorded in Global Markets and included in the definition of sales and trading revenue. Includes investment and brokerage services revenue of $516 million and $1.0 billion for the three and six months ended June 30, 2024 compared to $492 million and $1.0 billion for the same periods in 2023. (2) Includes commodity risk. Credit Derivatives The Corporation enters into credit derivatives primarily to facilitate client transactions and to manage credit risk exposures. Credit derivatives are classified as investment and non-investment grade based on the credit quality of the underlying referenced obligation. The Corporation considers ratings of BBB- or higher as investment grade. Non-investment grade includes non-rated credit derivative instruments. The Corporation discloses internal categorizations of investment grade and non-investment grade consistent with how risk is managed for these instruments. For more information on credit derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at June 30, 2024 and December 31, 2023 are summarized in the following table. Credit Derivative Instruments Less than One to Three to Over Five Total June 30, 2024 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ — $ 11 $ 26 $ 20 $ 57 Non-investment grade 18 257 893 487 1,655 Total 18 268 919 507 1,712 Total return swaps/options: Investment grade 71 — — — 71 Non-investment grade 115 78 90 10 293 Total 186 78 90 10 364 Total credit derivatives $ 204 $ 346 $ 1,009 $ 517 $ 2,076 Credit-related notes: Investment grade $ — $ — $ 2 $ 720 $ 722 Non-investment grade — 5 15 1,142 1,162 Total credit-related notes $ — $ 5 $ 17 $ 1,862 $ 1,884 Maximum Payout/Notional Credit default swaps: Investment grade $ 37,894 $ 77,291 $ 169,415 $ 20,257 $ 304,857 Non-investment grade 16,062 35,059 51,907 4,826 107,854 Total 53,956 112,350 221,322 25,083 412,711 Total return swaps/options: Investment grade 71,915 1,457 1,369 177 74,918 Non-investment grade 24,337 2,522 2,423 391 29,673 Total 96,252 3,979 3,792 568 104,591 Total credit derivatives $ 150,208 $ 116,329 $ 225,114 $ 25,651 $ 517,302 December 31, 2023 Carrying Value Credit default swaps: Investment grade $ — $ 11 $ 26 $ 20 $ 57 Non-investment grade 38 277 601 595 1,511 Total 38 288 627 615 1,568 Total return swaps/options: Investment grade 59 — — — 59 Non-investment grade 149 69 56 5 279 Total 208 69 56 5 338 Total credit derivatives $ 246 $ 357 $ 683 $ 620 $ 1,906 Credit-related notes: Investment grade $ — $ — $ — $ 859 $ 859 Non-investment grade — 5 16 1,103 1,124 Total credit-related notes $ — $ 5 $ 16 $ 1,962 $ 1,983 Maximum Payout/Notional Credit default swaps: Investment grade $ 33,750 $ 65,015 $ 83,313 $ 17,023 $ 199,101 Non-investment grade 18,061 32,155 33,934 5,827 89,977 Total 51,811 97,170 117,247 22,850 289,078 Total return swaps/options: Investment grade 40,515 1,503 1,561 23 43,602 Non-investment grade 20,694 1,414 1,907 988 25,003 Total 61,209 2,917 3,468 1,011 68,605 Total credit derivatives $ 113,020 $ 100,087 $ 120,715 $ 23,861 $ 357,683 The notional amount represents the maximum amount payable by the Corporation for most credit derivatives. However, the Corporation does not monitor its exposure to credit derivatives based solely on the notional amount because this measure does not take into consideration the probability of occurrence. As such, the notional amount is not a reliable indicator of the Corporation’s exposure to these contracts. Instead, a risk framework is used to define risk tolerances and establish limits so that certain credit risk-related losses occur within acceptable, predefined limits. Credit-related notes in the table above include investments in securities issued by collateralized debt obligation (CDO), collateralized loan obligation (CLO) and credit-linked note vehicles. These instruments are primarily classified as trading securities. The carrying value of these instruments equals the Corporation’s maximum exposure to loss. The Corporation is not obligated to make any payments to the entities under the terms of the securities owned. Credit-related Contingent Features and Collateral Certain of the Corporation’s derivative contracts contain credit risk-related contingent features, primarily in the form of ISDA master netting agreements and credit support documentation that enhance the creditworthiness of these instruments compared to other obligations of the respective counterparty with whom the Corporation has transacted. These contingent features may be for the benefit of the Corporation as well as its counterparties with respect to changes in the Corporation’s creditworthiness and the mark-to-market exposure under the derivative transactions. At June 30, 2024 and December 31, 2023, the Corporation held cash and securities collateral of $102.5 billion and $104.1 billion and posted cash and securities collateral of $89.8 billion and $93.4 billion in the normal course of business under derivative agreements, excluding cross-product margining agreements where clients are permitted to margin on a net basis for both derivative and secured financing arrangements. In connection with certain OTC derivative contracts and other trading agreements, the Corporation can be required to provide additional collateral or to terminate transactions with certain counterparties in the event of a downgrade of the senior debt ratings of the Corporation or certain subsidiaries. The amount of additional collateral required depends on the contract and is usually a fixed incremental amount and/or the market value of the exposure. For more information on credit-related contingent features and collateral, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. At June 30, 2024, the amount of collateral, calculated based on the terms of the contracts, that the Corporation and certain subsidiaries could be required to post to counterparties but had not yet posted to counterparties was $2.4 billion, including $1.2 billion for Bank of America, National Association. Some counterparties are currently able to unilaterally terminate certain contracts, or the Corporation or certain subsidiaries may be required to take other action such as find a suitable replacement or obtain a guarantee. At June 30, 2024 and December 31, 2023, the liability recorded for these derivative contracts was not significant. The following table presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at June 30, 2024 if the rating agencies had downgraded their long-term senior debt ratings for the Corporation or certain subsidiaries by one incremental notch and by an additional second incremental notch. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries’ long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 150 $ 833 Bank of America, N.A. and subsidiaries (1) 50 695 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 32 $ 132 Collateral posted 29 105 (1) Included in Bank of America Corporation collateral requirements in this table. Valuation Adjustments on Derivatives The table below presents credit valuation adjustment (CVA), DVA and FVA gains (losses) on derivatives (excluding the effect of any related hedge activities), which are recorded in market making and similar activities, for the three and six months ended June 30, 2024 and 2023. For more information on the valuation adjustments on derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Valuation Adjustments Gains (Losses) on Derivatives (1) Three Months Ended June 30 (Dollars in millions) 2024 2023 Derivative assets (CVA) $ (31) $ 109 Derivative assets/liabilities (FVA) (29) 26 Derivative liabilities (DVA) 27 (86) Six Months Ended June 30 (Dollars in millions) 2024 2023 Derivative assets (CVA) $ 31 $ 121 Derivative assets/liabilities (FVA) (15) (17) Derivative liabilities (DVA) (42) (84) (1) At June 30, 2024 and December 31, 2023, cumulative CVA reduced the derivative assets balance by $328 million and $359 million, cumulative FVA reduced the net derivative balance by $102 million and $87 million, and cumulative DVA reduced the derivative liabilities balance by $257 million and $299 million.

Securities

Securities	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The table below presents the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale (AFS) debt securities, other debt securities carried at fair value and held-to-maturity (HTM) debt securities at June 30, 2024 and December 31, 2023. Debt Securities Amortized Gross Gross Fair Amortized Gross Gross Fair (Dollars in millions) June 30, 2024 December 31, 2023 Available-for-sale debt securities Mortgage-backed securities: Agency $ 37,022 $ 4 $ (1,664) $ 35,362 $ 39,195 $ 37 $ (1,420) $ 37,812 Agency-collateralized mortgage obligations 9,652 17 (225) 9,444 2,739 6 (201) 2,544 Commercial 12,421 69 (469) 12,021 10,909 40 (514) 10,435 Non-agency residential (1) 303 46 (64) 285 449 3 (70) 382 Total mortgage-backed securities 59,398 136 (2,422) 57,112 53,292 86 (2,205) 51,173 U.S. Treasury and government agencies 201,441 22 (1,183) 200,280 179,108 19 (1,461) 177,666 Non-U.S. securities 21,396 12 (23) 21,385 22,868 27 (20) 22,875 Other taxable securities 2,246 2 (54) 2,194 4,910 1 (76) 4,835 Tax-exempt securities 10,542 11 (229) 10,324 10,304 17 (221) 10,100 Total available-for-sale debt securities 295,023 183 (3,911) 291,295 270,482 150 (3,983) 266,649 Other debt securities carried at fair value (2) 9,789 62 (95) 9,756 10,202 56 (55) 10,203 Total debt securities carried at fair value 304,812 245 (4,006) 301,051 280,684 206 (4,038) 276,852 Held-to-maturity debt securities Agency mortgage-backed securities 448,483 — (89,989) 358,494 465,456 — (78,930) 386,526 U.S. Treasury and government agencies 121,670 — (19,651) 102,019 121,645 — (17,963) 103,682 Other taxable securities 7,249 — (1,126) 6,123 7,490 — (1,101) 6,389 Total held-to-maturity debt securities 577,402 — (110,766) 466,636 594,591 — (97,994) 496,597 Total debt securities (3,4) $ 882,214 $ 245 $ (114,772) $ 767,687 $ 875,275 $ 206 $ (102,032) $ 773,449 (1) At June 30, 2024 and December 31, 2023, the underlying collateral type included approximately 24 percent and 17 percent prime and 76 percent and 83 percent subprime. (2) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in market making and similar activities. For detail on the components, see Note 14 – Fair Value Measurements . (3) Includes securities pledged as collateral of $219.1 billion and $204.9 billion at June 30, 2024 and December 31, 2023. (4) The Corporation held debt securities from Fannie Mae (FNMA) and Freddie Mac (FHLMC) that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $263.6 billion and $166.4 billion, and a fair value of $211.3 billion and $133.5 billion at June 30, 2024, and an amortized cost of $272.5 billion and $171.5 billion, and a fair value of $226.4 billion and $142.3 billion at December 31, 2023. At June 30, 2024, the accumulated net unrealized loss on AFS debt securities, excluding the amount related to debt securities previously transferred to held to maturity, included in accumulated OCI was $2.8 billion, net of the related income tax benefit of $931 million. At June 30, 2024 and December 31, 2023, nonperforming AFS debt securities held by the Corporation were not significant. At June 30, 2024 and December 31, 2023, $836.3 billion and $824.9 billion of AFS and HTM debt securities, which were predominantly U.S. agency and U.S. Treasury securities, have a zero credit loss assumption. For the same periods, the expected credit losses on the remaining $36.1 billion and $40.2 billion of AFS and HTM debt securities were insignificant. For more information on the zero credit loss assumption, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. At June 30, 2024 and December 31, 2023, the Corporation held equity securities at an aggregate fair value of $250 million and $251 million and other equity securities, as valued under the measurement alternative, at a carrying value of $406 million and $377 million, both of which are included in other assets. At both June 30, 2024 and December 31, 2023, the Corporation also held money market investments at a fair value of $1.2 billion, which are included in time deposits placed and other short-term investments. The gross realized gains and losses on sales of AFS debt securities for the three and six months ended June 30, 2024 and 2023 are presented in the table below. Gains and Losses on Sales of AFS Debt Securities Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Gross gains $ 4 $ 8 $ 15 $ 104 Gross losses (1) (202) (1) (508) Net gains (losses) on sales of AFS debt securities $ 3 $ (194) $ 14 $ (404) Income tax expense (benefit) attributable to realized net gains (losses) on sales of AFS debt securities $ 1 $ (48) $ 4 $ (101) The table below presents the fair value and the associated gross unrealized losses on AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or for 12 months or longer at June 30, 2024 and December 31, 2023. Total AFS Debt Securities in a Continuous Unrealized Loss Position Less than Twelve Months Twelve Months or Longer Total Fair Gross Fair Gross Fair Gross (Dollars in millions) June 30, 2024 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 14,403 $ (79) $ 19,359 $ (1,585) $ 33,762 $ (1,664) Agency-collateralized mortgage obligations 2,903 (9) 1,578 (216) 4,481 (225) Commercial 1,554 (12) 4,731 (457) 6,285 (469) Non-agency residential — — 155 (64) 155 (64) Total mortgage-backed securities 18,860 (100) 25,823 (2,322) 44,683 (2,422) U.S. Treasury and government agencies 91,552 (73) 68,083 (1,110) 159,635 (1,183) Non-U.S. securities 8,346 (12) 2,593 (11) 10,939 (23) Other taxable securities 672 (4) 1,394 (50) 2,066 (54) Tax-exempt securities 813 (7) 2,685 (222) 3,498 (229) Total AFS debt securities in a continuous unrealized loss position $ 120,243 $ (196) $ 100,578 $ (3,715) $ 220,821 $ (3,911) December 31, 2023 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 8,624 $ (21) $ 20,776 $ (1,399) $ 29,400 $ (1,420) Agency-collateralized mortgage obligations — — 1,701 (201) 1,701 (201) Commercial 2,363 (27) 4,588 (487) 6,951 (514) Non-agency residential — — 370 (70) 370 (70) Total mortgage-backed securities 10,987 (48) 27,435 (2,157) 38,422 (2,205) U.S. Treasury and government agencies 14,907 (12) 69,669 (1,449) 84,576 (1,461) Non-U.S. securities 7,702 (8) 1,524 (12) 9,226 (20) Other taxable securities 3,269 (19) 1,437 (57) 4,706 (76) Tax-exempt securities 466 (5) 2,106 (216) 2,572 (221) Total AFS debt securities in a continuous unrealized loss position $ 37,331 $ (92) $ 102,171 $ (3,891) $ 139,502 $ (3,983) The remaining contractual maturity distribution and yields of the Corporation’s debt securities carried at fair value and HTM debt securities at June 30, 2024 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the mortgage-backed securities (MBS) or other asset-backed securities (ABS) are passed through to the Corporation. Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities Due in One Due after One Year Due after Five Years Due after Total (Dollars in millions) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amortized cost of debt securities carried at fair value Mortgage-backed securities: Agency $ — — % $ 23 4.43 % $ 6 3.50 % $ 36,993 4.69 % $ 37,022 4.69 % Agency-collateralized mortgage obligations — — — — 2 0.50 9,650 5.55 9,652 5.55 Commercial 87 3.93 2,205 3.32 8,373 3.86 1,769 3.24 12,434 3.68 Non-agency residential — — — — — — 569 10.97 569 10.97 Total mortgage-backed securities 87 3.93 2,228 3.33 8,381 3.86 48,981 4.88 59,677 4.67 U.S. Treasury and government agencies 14,582 5.20 173,163 3.94 15,502 2.95 37 3.85 203,284 3.96 Non-U.S. securities 18,334 3.82 5,351 1.72 3,723 5.18 1,655 4.75 29,063 3.66 Other taxable securities 467 6.66 1,467 6.02 237 4.30 75 2.77 2,246 5.86 Tax-exempt securities 1,220 3.62 3,751 4.01 704 2.91 4,867 4.40 10,542 4.07 Total amortized cost of debt securities carried at fair value $ 34,690 4.43 $ 185,960 3.89 $ 28,547 3.52 $ 55,615 4.83 $ 304,812 4.09 Amortized cost of HTM debt securities Agency mortgage-backed securities $ — — % $ — — % $ 10 2.90 % $ 448,473 2.12 % $ 448,483 2.12 % U.S. Treasury and government agencies 244 2.66 13,337 1.91 108,089 1.33 — — 121,670 1.40 Other taxable securities 80 1.59 1,146 2.55 143 3.28 5,880 2.53 7,249 2.54 Total amortized cost of HTM debt securities $ 324 2.40 $ 14,483 1.96 $ 108,242 1.33 $ 454,353 2.12 $ 577,402 1.97 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 22 $ 6 $ 35,334 $ 35,362 Agency-collateralized mortgage obligations — — 2 9,442 9,444 Commercial 86 2,156 8,233 1,557 12,032 Non-agency residential — 2 — 539 541 Total mortgage-backed securities 86 2,180 8,241 46,872 57,379 U.S. Treasury and government agencies 14,575 172,384 15,130 34 202,123 Non-U.S. securities 18,306 5,345 3,723 1,654 29,028 Other taxable securities 465 1,450 216 66 2,197 Tax-exempt securities 1,213 3,719 681 4,711 10,324 Total debt securities carried at fair value $ 34,645 $ 185,078 $ 27,991 $ 53,337 $ 301,051 Fair value of HTM debt securities Agency mortgage-backed securities $ — $ — $ 10 $ 358,484 $ 358,494 U.S. Treasury and government agencies 238 11,931 89,850 — 102,019 Other taxable securities 25 1,089 115 4,894 6,123 Total fair value of HTM debt securities $ 263 $ 13,020 $ 89,975 $ 363,378 $ 466,636 (1) The weighted-average yield is computed based on a constant effective yield over the contractual life of each security. The yield considers the contractual coupon and the amortization of premiums and accretion of discounts, excluding the effect of related open hedging derivatives.

Outstanding Loans and Leases an

Outstanding Loans and Leases and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Outstanding Loans and Leases and Allowance for Credit Losses	Outstanding Loans and Leases and Allowance for Credit Losses The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at June 30, 2024 and December 31, 2023. 30-59 Days Past Due (1) 60-89 Days Past Due (1) 90 Days or Past Due (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total (Dollars in millions) June 30, 2024 Consumer real estate Residential mortgage $ 1,258 $ 229 $ 742 $ 2,229 $ 225,641 $ 227,870 Home equity 88 34 134 256 25,186 25,442 Credit card and other consumer Credit card 674 484 1,257 2,415 97,035 99,450 Direct/Indirect consumer (2) 310 100 86 496 103,338 103,834 Other consumer — — — — 117 117 Total consumer 2,330 847 2,219 5,396 451,317 456,713 Consumer loans accounted for under the fair value option (3) $ 231 231 Total consumer loans and leases 2,330 847 2,219 5,396 451,317 231 456,944 Commercial U.S. commercial 434 127 215 776 368,363 369,139 Non-U.S. commercial 91 5 4 100 122,083 122,183 Commercial real estate (4) 286 158 758 1,202 69,082 70,284 Commercial lease financing 19 11 23 53 14,821 14,874 U.S. small business commercial 173 78 190 441 19,954 20,395 Total commercial 1,003 379 1,190 2,572 594,303 596,875 Commercial loans accounted for under the fair value option (3) 2,966 2,966 Total commercial loans and leases 1,003 379 1,190 2,572 594,303 2,966 599,841 Total loans and leases (5) $ 3,333 $ 1,226 $ 3,409 $ 7,968 $ 1,045,620 $ 3,197 $ 1,056,785 Percentage of outstandings 0.32 % 0.12 % 0.32 % 0.76 % 98.94 % 0.30 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $191 million and nonperforming loans of $192 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $63 million and nonperforming loans of $89 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $211 million and nonperforming loans of $665 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $47 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $53.6 billion, U.S. securities-based lending loans of $46.7 billion and non-U.S. consumer loans of $2.8 billion. (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $63 million and home equity loans of $168 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.0 billion and non-U.S. commercial loans of $945 million. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $64.4 billion and non-U.S. commercial real estate loans of $5.9 billion. (5) Total outstandings includes loans and leases pledged as collateral of $33.9 billion. The Corporation also pledged $316.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. 30-59 Days (1) 60-89 Days Past Due (1) 90 Days or (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total Outstandings (Dollars in millions) December 31, 2023 Consumer real estate Residential mortgage $ 1,177 $ 302 $ 829 $ 2,308 $ 226,095 $ 228,403 Home equity 90 38 161 289 25,238 25,527 Credit card and other consumer Credit card 680 515 1,224 2,419 99,781 102,200 Direct/Indirect consumer (2) 306 99 91 496 102,972 103,468 Other consumer — — — — 124 124 Total consumer 2,253 954 2,305 5,512 454,210 459,722 Consumer loans accounted for under the fair value option (3) $ 243 243 Total consumer loans and leases 2,253 954 2,305 5,512 454,210 243 459,965 Commercial U.S. commercial 477 96 225 798 358,133 358,931 Non-U.S. commercial 86 21 64 171 124,410 124,581 Commercial real estate (4) 247 133 505 885 71,993 72,878 Commercial lease financing 44 8 24 76 14,778 14,854 U.S. small business commercial 166 89 184 439 18,758 19,197 Total commercial 1,020 347 1,002 2,369 588,072 590,441 Commercial loans accounted for under the fair value option (3) 3,326 3,326 Total commercial loans and leases 1,020 347 1,002 2,369 588,072 3,326 593,767 Total loans and leases (5) $ 3,273 $ 1,301 $ 3,307 $ 7,881 $ 1,042,282 $ 3,569 $ 1,053,732 Percentage of outstandings 0.31 % 0.12 % 0.31 % 0.75 % 98.91 % 0.34 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $198 million and nonperforming loans of $150 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $77 million and nonperforming loans of $102 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $252 million and nonperforming loans of $738 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $39 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $53.9 billion, U.S. securities-based lending loans of $46.0 billion and non-U.S. consumer loans of $2.8 billion. (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $66 million and home equity loans of $177 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.2 billion and non-U.S. commercial loans of $1.2 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $66.8 billion and non-U.S. commercial real estate loans of $6.1 billion. (5) Total outstandings includes loans and leases pledged as collateral of $33.7 billion. The Corporation also pledged $246.0 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. The Corporation has entered into long-term credit protection agreements with FNMA and FHLMC on loans totaling $8.4 billion and $8.7 billion at June 30, 2024 and December 31, 2023, providing full credit protection on residential mortgage loans that become severely delinquent. All of these loans are individually insured, and therefore the Corporation does not record an allowance for credit losses related to these loans. Nonperforming Loans and Leases Nonperforming loans were $5.5 billion at both June 30, 2024 and December 31, 2023. Commercial nonperforming loans were $2.8 billion at both June 30, 2024 and December 31, 2023 primarily driven by the commercial real estate office property type. Consumer nonperforming loans were $2.7 billion at both June 30, 2024 and December 31, 2023, driven primarily by residential mortgage. The following table presents the Corporation’s nonperforming loans and leases and loans accruing past due 90 days or more at June 30, 2024 and December 31, 2023. Nonperforming loans held-for-sale (LHFS) are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K . Credit Quality Nonperforming Loans Accruing Past Due (Dollars in millions) June 30 2024 December 31 2023 June 30 2024 December 31 2023 Residential mortgage (1) $ 2,097 $ 2,114 $ 211 $ 252 With no related allowance (2) 1,952 1,974 — — Home equity (1) 422 450 — — With no related allowance (2) 352 375 — — Credit Card n/a n/a 1,257 1,224 Direct/indirect consumer 152 148 6 2 Total consumer 2,671 2,712 1,474 1,478 U.S. commercial 700 636 68 51 Non-U.S. commercial 90 175 3 4 Commercial real estate 1,971 1,927 59 32 Commercial lease financing 19 19 7 7 U.S. small business commercial 22 16 189 184 Total commercial 2,802 2,773 326 278 Total nonperforming loans $ 5,473 $ 5,485 $ 1,800 $ 1,756 Percentage of outstanding loans and leases 0.52 % 0.52 % 0.17 % 0.17 % (1) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2024 and December 31, 2023 residential mortgage included $125 million and $156 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $86 million and $96 million of loans on which interest was still accruing. (2) Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date. n/a = not applicable Credit Quality Indicators The Corporation monitors credit quality within its Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments based on primary credit quality indicators. For more information on the portfolio segments, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K . Within the Consumer Real Estate portfolio segment, the primary credit quality indicators are refreshed loan-to-value (LTV) and refreshed Fair Isaac Corporation (FICO) score. Refreshed LTV measures the carrying value of the loan as a percentage of the value of the property securing the loan, refreshed quarterly. Home equity loans are evaluated using combined loan-to-value (CLTV), which measures the carrying value of the Corporation’s loan and available line of credit combined with any outstanding senior liens against the property as a percentage of the value of the property securing the loan, refreshed quarterly. FICO score measures the creditworthiness of the borrower based on the financial obligations of the borrower and the borrower’s credit history. FICO scores are typically refreshed quarterly or more frequently. Certain borrowers (e.g., borrowers that have had debts discharged in a bankruptcy proceeding) may not have their FICO scores updated. FICO scores are also a primary credit quality indicator for the Credit Card and Other Consumer portfolio segment and the business card portfolio within U.S. small business commercial. Within the Commercial portfolio segment, loans are evaluated using the internal classifications of pass rated or reservable criticized as the primary credit quality indicators. The term reservable criticized refers to those commercial loans that are internally classified or listed by the Corporation as Special Mention, Substandard or Doubtful, which are asset quality categories defined by regulatory authorities. These assets have an elevated level of risk and may have a high probability of default or total loss. Pass rated refers to all loans not considered reservable criticized. In addition to these primary credit quality indicators, the Corporation uses other credit quality indicators for certain types of loans. The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at June 30, 2024. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2024 2023 2022 2021 2020 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 214,338 $ 8,287 $ 14,200 $ 37,386 $ 74,005 $ 33,814 $ 46,646 Greater than 90 percent but less than or equal to 100 percent 2,118 337 620 786 258 45 72 Greater than 100 percent 920 200 272 302 82 23 41 Fully-insured loans 10,494 335 240 320 3,287 2,703 3,609 Total Residential Mortgage $ 227,870 $ 9,159 $ 15,332 $ 38,794 $ 77,632 $ 36,585 $ 50,368 Residential Mortgage Refreshed FICO score Less than 620 $ 2,449 $ 75 $ 139 $ 479 $ 626 $ 406 $ 724 Greater than or equal to 620 and less than 680 4,588 127 359 888 1,181 716 1,317 Greater than or equal to 680 and less than 740 22,503 847 1,827 4,165 6,511 3,541 5,612 Greater than or equal to 740 187,836 7,775 12,767 32,942 66,027 29,219 39,106 Fully-insured loans 10,494 335 240 320 3,287 2,703 3,609 Total Residential Mortgage $ 227,870 $ 9,159 $ 15,332 $ 38,794 $ 77,632 $ 36,585 $ 50,368 Gross charge-offs for the six months ended June 30, 2024 $ 13 $ — $ 1 $ 2 $ 2 $ 1 $ 7 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) June 30, 2024 Home Equity Refreshed LTV Less than or equal to 90 percent $ 25,290 $ 959 $ 20,708 $ 3,623 Greater than 90 percent but less than or equal to 100 percent 78 20 51 7 Greater than 100 percent 74 27 34 13 Total Home Equity $ 25,442 $ 1,006 $ 20,793 $ 3,643 Home Equity Refreshed FICO score Less than 620 $ 645 $ 97 $ 282 $ 266 Greater than or equal to 620 and less than 680 1,087 111 620 356 Greater than or equal to 680 and less than 740 4,293 211 3,226 856 Greater than or equal to 740 19,417 587 16,665 2,165 Total Home Equity $ 25,442 $ 1,006 $ 20,793 $ 3,643 Gross charge-offs for the six months ended June 30, 2024 $ 6 $ — $ 3 $ 3 (1) Includes reverse mortgages of $694 million and home equity loans of $312 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/ Revolving Loans 2024 2023 2022 2021 2020 Prior Total Credit Card as of June 30, Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 1,354 $ 11 $ 93 $ 394 $ 441 $ 287 $ 66 $ 62 $ 5,450 $ 5,102 $ 348 Greater than or equal to 620 and less than 680 2,382 10 346 829 645 371 91 90 11,260 10,947 313 Greater than or equal to 680 and less than 740 8,022 43 1,465 2,719 2,028 1,160 326 281 33,696 33,424 272 Greater than or equal to 740 42,000 68 9,183 13,722 9,753 5,576 1,948 1,750 49,044 48,984 60 Other internal credit metrics (2,3) 50,076 49,487 70 55 159 68 37 200 — — — Total credit card and other $ 103,834 $ 49,619 $ 11,157 $ 17,719 $ 13,026 $ 7,462 $ 2,468 $ 2,383 $ 99,450 $ 98,457 $ 993 Gross charge-offs for the six $ 191 $ 3 $ 5 $ 70 $ 59 $ 29 $ 7 $ 18 $ 2,151 $ 2,063 $ 88 (1) Represents loans that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $49.5 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at June 30, 2024. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of 2024 2023 2022 2021 2020 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 356,198 $ 19,304 $ 37,676 $ 37,500 $ 23,372 $ 11,968 $ 37,546 $ 188,832 Reservable criticized 12,941 23 664 1,222 949 413 1,628 8,042 Total U.S. Commercial $ 369,139 $ 19,327 $ 38,340 $ 38,722 $ 24,321 $ 12,381 $ 39,174 $ 196,874 Gross charge-offs for the six months ended $ 174 $ 1 $ 12 $ 51 $ 6 $ 3 $ 6 $ 95 Non-U.S. Commercial Risk ratings Pass rated $ 120,532 $ 8,476 $ 15,338 $ 13,013 $ 13,995 $ 1,337 $ 7,228 $ 61,145 Reservable criticized 1,651 — 91 97 222 18 134 1,089 Total Non-U.S. Commercial $ 122,183 $ 8,476 $ 15,429 $ 13,110 $ 14,217 $ 1,355 $ 7,362 $ 62,234 Gross charge-offs for the six months ended $ 1 $ — $ — $ — $ — $ — $ — $ 1 Commercial Real Estate Risk ratings Pass rated $ 61,996 $ 2,810 $ 4,905 $ 14,187 $ 11,244 $ 3,327 $ 14,965 $ 10,558 Reservable criticized 8,288 — 174 1,261 1,806 572 4,039 436 Total Commercial Real Estate $ 70,284 $ 2,810 $ 5,079 $ 15,448 $ 13,050 $ 3,899 $ 19,004 $ 10,994 Gross charge-offs for the six months ended $ 582 $ — $ — $ 57 $ 7 $ 62 $ 435 $ 21 Commercial Lease Financing Risk ratings Pass rated $ 14,663 $ 1,699 $ 3,912 $ 2,706 $ 2,116 $ 1,293 $ 2,937 $ — Reservable criticized 211 1 39 44 32 25 70 — Total Commercial Lease Financing $ 14,874 $ 1,700 $ 3,951 $ 2,750 $ 2,148 $ 1,318 $ 3,007 $ — Gross charge-offs for the six months ended $ 1 $ — $ — $ — $ 1 $ — $ — $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 9,380 $ 909 $ 1,911 $ 1,745 $ 1,410 $ 719 $ 2,248 $ 438 Reservable criticized 423 3 36 97 122 27 134 4 Total U.S. Small Business Commercial $ 9,803 $ 912 $ 1,947 $ 1,842 $ 1,532 $ 746 $ 2,382 $ 442 Gross charge-offs for the six months ended $ 14 $ — $ — $ — $ — $ 4 $ 4 $ 6 Total $ 586,283 $ 33,225 $ 64,746 $ 71,872 $ 55,268 $ 19,699 $ 70,929 $ 270,544 Gross charge-offs for the six months ended $ 772 $ 1 $ 12 $ 108 $ 14 $ 69 $ 445 $ 123 (1) Excludes $3.0 billion of loans accounted for under the fair value option at June 30, 2024. (2) Excludes U.S. Small Business Card loans of $10.6 billion. Refreshed FICO scores for this portfolio are $619 million for less than 620; $1.1 billion for greater than or equal to 620 and less than 680; $2.9 billion for greater than or equal to 680 and less than 740; and $5.9 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $234 million. The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2023. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2023 2022 2021 2020 2019 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 214,661 $ 15,224 $ 38,225 $ 76,229 $ 35,072 $ 17,432 $ 32,479 Greater than 90 percent but less than or equal to 100 percent 1,994 698 911 286 53 25 21 Greater than 100 percent 785 264 342 100 31 14 34 Fully-insured loans 10,963 540 350 3,415 2,834 847 2,977 Total Residential Mortgage $ 228,403 $ 16,726 $ 39,828 $ 80,030 $ 37,990 $ 18,318 $ 35,511 Residential Mortgage Refreshed FICO score Less than 620 $ 2,335 $ 115 $ 471 $ 589 $ 402 $ 136 $ 622 Greater than or equal to 620 and less than 680 4,671 359 919 1,235 777 296 1,085 Greater than or equal to 680 and less than 740 23,357 1,934 4,652 6,988 3,742 1,836 4,205 Greater than or equal to 740 187,077 13,778 33,436 67,803 30,235 15,203 26,622 Fully-insured loans 10,963 540 350 3,415 2,834 847 2,977 Total Residential Mortgage $ 228,403 $ 16,726 $ 39,828 $ 80,030 $ 37,990 $ 18,318 $ 35,511 Gross charge-offs for the year ended December 31, 2023 $ 67 $ — $ 7 $ 12 $ 6 $ 2 $ 40 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2023 Home Equity Refreshed LTV Less than or equal to 90 percent $ 25,378 $ 1,051 $ 20,380 $ 3,947 Greater than 90 percent but less than or equal to 100 percent 61 17 35 9 Greater than 100 percent 88 35 36 17 Total Home Equity $ 25,527 $ 1,103 $ 20,451 $ 3,973 Home Equity Refreshed FICO score Less than 620 $ 654 $ 123 $ 253 $ 278 Greater than or equal to 620 and less than 680 1,107 118 589 400 Greater than or equal to 680 and less than 740 4,340 240 3,156 944 Greater than or equal to 740 19,426 622 16,453 2,351 Total Home Equity $ 25,527 $ 1,103 $ 20,451 $ 3,973 Gross charge-offs for the year ended December 31, 2023 $ 36 $ 4 $ 21 $ 11 (1) Includes reverse mortgages of $763 million and home equity loans of $340 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/Indirect as of December 31, 2023 Revolving Loans 2023 2022 2021 2020 2019 Prior Total Credit Card as of December 31, 2023 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 1,246 $ 11 $ 292 $ 428 $ 336 $ 85 $ 55 $ 39 $ 5,338 $ 5,030 $ 308 Greater than or equal to 620 and less than 680 2,506 11 937 799 501 121 73 64 11,623 11,345 278 Greater than or equal to 680 and less than 740 8,629 48 3,451 2,582 1,641 462 244 201 34,777 34,538 239 Greater than or equal to 740 41,656 74 16,761 11,802 7,643 2,707 1,417 1,252 50,462 50,410 52 Other internal credit metrics (2, 3) 49,431 48,764 106 183 110 53 57 158 — — — Total credit card and other $ 103,468 $ 48,908 $ 21,547 $ 15,794 $ 10,231 $ 3,428 $ 1,846 $ 1,714 $ 102,200 $ 101,323 $ 877 Gross charge-offs for the year $ 233 $ 5 $ 32 $ 95 $ 53 $ 15 $ 10 $ 23 $ 3,133 $ 3,013 $ 120 (1) Represents loans that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $48.8 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2023. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 347,563 $ 41,842 $ 43,290 $ 27,738 $ 13,495 $ 11,772 $ 29,923 $ 179,503 Reservable criticized 11,368 278 1,316 708 363 537 1,342 6,824 Total U.S. Commercial $ 358,931 $ 42,120 $ 44,606 $ 28,446 $ 13,858 $ 12,309 $ 31,265 $ 186,327 Gross charge-offs for the year ended $ 191 $ 5 $ 38 $ 29 $ 4 $ 2 $ 27 $ 86 Non-U.S. Commercial Risk ratings Pass rated $ 122,931 $ 17,053 $ 15,810 $ 15,256 $ 2,405 $ 2,950 $ 5,485 $ 63,972 Reservable criticized 1,650 50 184 294 90 158 74 800 Total Non-U.S. Commercial $ 124,581 $ 17,103 $ 15,994 $ 15,550 $ 2,495 $ 3,108 $ 5,559 $ 64,772 Gross charge-offs for the year ended $ 37 $ — $ — $ 8 $ 7 $ 1 $ — $ 21 Commercial Real Estate Risk ratings Pass rated $ 64,150 $ 4,877 $ 16,147 $ 11,810 $ 4,026 $ 7,286 $ 10,127 $ 9,877 Reservable criticized 8,728 134 749 1,728 782 2,132 2,794 409 Total Commercial Real Estate $ 72,878 $ 5,011 $ 16,896 $ 13,538 $ 4,808 $ 9,418 $ 12,921 $ 10,286 Gross charge-offs for the year ended $ 254 $ 2 $ — $ 4 $ — $ 59 $ 189 $ — Commercial Lease Financing Risk ratings Pass rated $ 14,688 $ 4,188 $ 3,077 $ 2,373 $ 1,349 $ 1,174 $ 2,527 $ — Reservable criticized 166 9 22 46 16 32 41 — Total Commercial Lease Financing $ 14,854 $ 4,197 $ 3,099 $ 2,419 $ 1,365 $ 1,206 $ 2,568 $ — Gross charge-offs for the year ended $ 2 $ — $ — $ 1 $ 1 $ — $ — $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 9,031 $ 1,886 $ 1,830 $ 1,550 $ 836 $ 721 $ 1,780 $ 428 Reservable criticized 384 6 64 95 40 63 113 3 Total U.S. Small Business Commercial $ 9,415 $ 1,892 $ 1,894 $ 1,645 $ 876 $ 784 $ 1,893 $ 431 Gross charge-offs for the year ended $ 43 $ 1 $ 2 $ 2 $ 19 $ 3 $ 4 $ 12 Total $ 580,659 $ 70,323 $ 82,489 $ 61,598 $ 23,402 $ 26,825 $ 54,206 $ 261,816 Gross charge-offs for the year ended $ 527 $ 8 $ 40 $ 44 $ 31 $ 65 $ 220 $ 119 (1) Excludes $3.3 billion of loans accounted for under the fair value option at December 31, 2023. (2) Excludes U.S. Small Business Card loans of $9.8 billion. Refreshed FICO scores for this portfolio are $530 million for less than 620; $1.1 billion for greater than or equal to 620 and less than 680; $2.7 billion for greater than or equal to 680 and less than 740; and $5.5 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $317 million. During the six months ended June 30, 2024, commercial reservable criticized utilized exposure increased to $24.8 billion at June 30, 2024 from $23.3 billion (to 3.94 percent from 3.74 percent of total commercial reservable utilized exposure) at December 31, 2023, primarily driven by U.S. commercial. Loan Modifications to Borrowers in Financial Difficulty As part of its credit risk management, the Corporation may modify a loan agreement with a borrower experiencing financial difficulties through a refinancing or restructuring of the borrower’s loan agreement (modification programs). Effective January 1, 2023, the Corporation adopted the new accounting standard on loan modifications. Accordingly, June 30, 2024 balances presented in payment status tables represent loans that were modified over the last 12 months, and June 30, 2023 balances presented in payment status tables represent loans that were modified during the first half of 2023. Consumer Real Estate The following modification programs are offered for consumer real estate loans to borrowers experiencing financial difficulties. Residential mortgage modifications represented 0.04 percent and 0.07 percent of outstanding residential mortgage loans for the three and six months ended June 30, 2024 compared to 0.14 percent and 0.19 percent for the same periods in 2023. Home equity modifications represented 0.04 percent and 0.07 percent of outstanding home equity loans for the three and six months ended June 30, 2024 compared to 0.19 percent and 0.28 percent for the same periods in 2023. Forbearance and Other Payment Plans: Forbearance plans generally consist of the Corporation suspending the borrower’s payments for a defined period with those payments then due over a defined period of time or at the conclusion of the forbearance period. The aging status of a loan is generally frozen when it enters into a forbearance plan. If a borrower is unable to fulfill their obligations under the forbearance plans, they may be offered a trial offer or permanent modification. Trial Offer and Permanent Modifications : Trial offer for modification plans generally consist of the Corporation offering a borrower modified loan terms that reduce their contractual payments temporarily over a three The table below provides the ending amortized cost of the Corporation’s modified consumer real estate loans for the three and six months ended June 30, 2024 and 2023. Consumer Real Estate - Modifications to Borrowers in Financial Difficulty Forbearance and Other Payment Plans Permanent Modification Total Forbearance and Other Payment Plans Permanent Modification Total (Dollars in millions) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Residential Loans $ 22 $ 73 $ 95 $ 38 $ 126 $ 164 Home Equity — 10 10 — 18 18 Total $ 22 $ 83 $ 105 $ 38 $ 144 $ 182 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Residential Loans $ 276 $ 44 $ 320 $ 348 $ 88 $ 436 Home Equity 41 9 50 53 18 71 Total $ 317 $ 53 $ 370 $ 401 $ 106 $ 507 The table below presents the financial effect of modified consumer real estate loans . Financial Effect of Modified Consumer Real Estate Loans Three Months Ended June 30 Six Months Ended June 30 2024 2023 2024 2023 Forbearance and Other Payment Plans Weighted-average duration Residential Mortgage 5 months 6 months 7 months 8 months Home Equity n/a 6 months n/a 9 months Permanent Modifications Weighted-average Term Extension Residential Mortgage 9.2 years 10.2 years 9.1 years 8.6 years Home Equity 18.4 years 16.9 years 17.4 years 15.2 years Weighted-average Interest Rate Reduction Residential Mortgage 1.34 % 1.62 % 1.32 % 1.57 % Home Equity 2.42 % 2.96 % 2.60 % 2.69 % n/a = not applicable For consumer real estate borrowers in financial difficulty that received a forbearance, trial or permanent modification, there were no commitments to lend additional funds at June 30, 2024 and 2023. The Corporation tracks the performance of modified loans to assess effectiveness of modification programs. During the three and six months ended June 30, 2024 and 2023, modified residential and home equity loans that defaulted were insignificant. The table below provides aging information as of June 30, 2024 for consumer real estate loans that were modified over the last 12 months and as of June 30, 2023 for consumer real estate loans that were modified during the first half of 2023. Consumer Real Estate - Payment Status of Modifications to Borrowers in Financial Difficulty Current 30–89 Days Past Due 90+ Days Past Due Total (Dollars in millions) June 30, 2024 Residential mortgage $ 251 $ 71 $ 66 $ 388 Home equity 45 3 9 57 Total $ 296 $ 74 $ 75 $ 445 June 30, 2023 Residential mortgage $ 248 $ 105 $ 83 $ 436 Home equity 42 12 17 71 Total $ 290 $ 117 $ 100 $ 507 Consumer real estate foreclosed properties totaled $92 million and $83 million at June 30, 2024 and December 31, 2023. The carrying value of consumer real estate loans, including fully-insured loans, for which formal foreclosure proceedings were in process at June 30, 2024 and December 31, 2023, was $588 million and $633 million. During the six months ended June 30, 2024 and 2023, the Corporation reclassified $56 million and $68 million of consumer real estate loans to foreclosed properties or, for properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans), to other assets. The reclassifications represent non-cash investing activities and, accordingly, are not reflected in the Consolidated Statement of Cash Flows. Credit Card and Other Consumer Credit card and other consumer loans are primarily modified by placing the customer on a fixed payment plan with a significantly reduced fixed interest rate, with terms ranging from 6 months to 72 months, most of which had a 60-month term at June 30, 2024. In certain circumstances, the Corporation will forgive a portion of the outstanding balance if the borrower makes payments up to a set amount. The Corporation makes modifications directly with borrowers for loans held by the Corporation (internal programs) as well as through third-party renegotiation agencies that provide solutions to customers’ entire unsecured debt structures (external programs). The June 30, 2024 amortized cost of credit card and other consumer loans that were modified through these programs during the three and six months ended June 30, 2024 was $200 million and $401 million compared to $168 million and $303 million for the same periods in 2023. These modifications represented 0.10 percent and 0.20 percent of outstanding credit card and other consumer loans for the three and six months ended June 30, 2024 compared to 0.08 percent and 0.15 percent for the same periods in 2023. During the three and six months ended June 30, 2024, the financial effect of modifications resulted in a weighted-average interest rate reduction of 19.59 percent and 19.66 percent compared to 19.02 percent and 18.82 percent for the same periods in 2023, and principal forgiveness of $29 million and $57 million, compared to $14 million and $25 million for the same periods in 2023. The Corporation tracks the performance of modified loans to assess effectiveness of modification programs. As of June 30, 2024, defaults of modified credit card and other consumer loans over the last 12 months were insignificant. Defaults of modified credit card and other consumer loans since January 1, 2023 were insignificant during the first half of 2023. At June 30, 2024, modified credit card and other consumer loans to borrowers experiencing financial difficulty over the last 12 months totaled $674 million, of which $566 million were current, $58 million were 30-89 days past due, and $50 million were greater than 90 days past due. At June 30, 2023, modified credit card and other consumer loans to borrowers experiencing financial difficulty totaled $303 million, of which $237 million were current, $35 million were 30-89 days past due, and $31 million were greater than 90 days past due. Commercial Loans Modifications of loans to commercial borrowers experiencing financial difficulty are designed to reduce the Corporation’s loss exposure while providing borrowers with an opportunity to work through financial difficulties, often to avoid foreclosure or bankruptcy. Each modification is unique, reflects the borrower’s individual circumstances and is designed to benefit the borrower while mitigating the Corporation’s risk exposure. Commercial modifications are primarily term extensions and payment forbearances. Payment forbearances involve the Bank forbearing its contractual right to collect certai

Securitizations and Other Varia

Securitizations and Other Variable Interest Entities	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Securitizations and Other Variable Interest Entities	Securitizations and Other Variable Interest Entities The Corporation utilizes VIEs in the ordinary course of business to support its own and its customers’ financing and investing needs. The Corporation routinely securitizes loans and debt securities using VIEs as a source of funding for the Corporation and as a means of transferring the economic risk of the loans or debt securities to third parties. The assets are transferred into a trust or other securitization vehicle such that the assets are legally isolated from the creditors of the Corporation and are not available to satisfy its obligations. These assets can only be used to settle obligations of the trust or other securitization vehicle. The Corporation also administers, structures or invests in other VIEs including CDOs, investment vehicles and other entities. For more information on the Corporation’s use of VIEs, see Note 1 – Summary of Significant Accounting Principles and Note 6 – Securitizations and Other Variable Interest Entities to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K . The tables in this Note present the assets and liabilities of consolidated and unconsolidated VIEs at June 30, 2024 and December 31, 2023 in situations where the Corporation has a loan or security interest and involvement with transferred assets or if the Corporation otherwise has an additional interest in the VIE. The tables also present the Corporation’s maximum loss exposure at June 30, 2024 and December 31, 2023 resulting from its involvement with consolidated VIEs and unconsolidated VIEs. The Corporation’s maximum loss exposure is based on the unlikely event that all of the assets in the VIEs become worthless and incorporates not only potential losses associated with assets recorded on the Consolidated Balance Sheet but also potential losses associated with off-balance sheet commitments, such as unfunded liquidity commitments and other contractual arrangements. The Corporation’s maximum loss exposure does not include losses previously recognized through write-downs of assets. The Corporation invests in ABS, CLOs and other similar investments issued by third-party VIEs with which it has no other form of involvement other than a loan or debt security issued by the VIE. In addition, the Corporation also enters into certain commercial lending arrangements that may utilize VIEs for activities secondary to the lending arrangement, for example to hold collateral. The Corporation’s maximum loss exposure to these VIEs is the investment balances. These securities and loans are included in Note 4 – Securities or Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses and are not included in the following tables. The Corporation did not provide financial support to consolidated or unconsolidated VIEs during the three and six months ended June 30, 2024 or the year ended December 31, 2023 that it was not previously contractually required to provide, nor does it intend to do so. The Corporation had liquidity commitments, including written put options and collateral value guarantees, with certain unconsolidated VIEs of $957 million and $989 million at June 30, 2024 and December 31, 2023. First-lien Mortgage Securitizations As part of its mortgage banking activities, the Corporation securitizes a portion of the first-lien residential mortgage loans it originates or purchases from third parties, generally in the form of residential mortgage-backed securities (RMBS) guaranteed by government-sponsored enterprises, FNMA and FHLMC (collectively the GSEs), or the Government National Mortgage Association (GNMA) primarily in the case of FHA-insured and U.S. Department of Veterans Affairs (VA)-guaranteed mortgage loans. Securitization usually occurs in conjunction with or shortly after origination or purchase, and the Corporation may also securitize loans held in its residential mortgage portfolio. In addition, the Corporation may, from time to time, securitize commercial mortgages it originates or purchases from other entities. The Corporation typically services the loans it securitizes. Further, the Corporation may retain beneficial interests in the securitization trusts including senior and subordinate securities and equity tranches issued by the trusts. Except as described in Note 10 – Commitments and Contingencies , the Corporation does not provide guarantees or recourse to the securitization trusts other than standard representations and warranties. The table below summarizes select information related to first-lien mortgage securitizations for the three and six months ended June 30, 2024 and 2023. First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage Three Months Ended June 30 Six Months Ended June 30 Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 Proceeds from loan sales (1) $ 964 $ 908 $ 2,173 $ 2,255 $ 5,723 $ 455 $ 7,032 $ 597 Gains (losses) on securitizations (2) (2) 1 (2) (4) 69 (1) 88 2 Repurchases from securitization trusts (3) 8 5 16 14 — — — — (1) The Corporation transfers residential mortgage loans to securitizations sponsored primarily by the GSEs or GNMA in the normal course of business and primarily receives residential mortgage-backed securities in exchange. Substantially all of these securities are classified as Level 2 within the fair value hierarchy and are typically sold shortly after receipt. (2) A majority of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. Gains recognized on these LHFS prior to securitization, which totaled $8 million and $13 million, net of hedges, during the three and six months ended June 30, 2024 compared to $7 million and $17 million for the same periods in 2023, are not included in the table above. (3) The Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make. The Corporation may also repurchase loans from securitization trusts to perform modifications. Repurchased loans include FHA-insured mortgages collateralizing GNMA securities. The Corporation recognizes consumer MSRs from the sale or securitization of consumer real estate loans. The unpaid principal balance of loans serviced for investors, including residential mortgage and home equity loans, totaled $88.2 billion and $95.9 billion at June 30, 2024 and 2023. Servicing fee and ancillary fee income on serviced loans was $58 million and $120 million during the three and six months ended June 30, 2024 compared to $63 million and $132 million for the same periods in 2023. Servicing advances on serviced loans, including loans serviced for others and loans held for investment, were $1.1 billion and $1.3 billion at June 30, 2024 and December 31, 2023. For more information on MSRs, see Note 14 – Fair Value Measurements . Home Equity Loans The Corporation retains interests, primarily senior securities, in home equity securitization trusts to which it transferred home equity loans. In addition, the Corporation may be obligated to provide subordinate funding to the trusts during a rapid amortization event. This obligation is included in the maximum loss exposure in the preceding table. The charges that will ultimately be recorded as a result of the rapid amortization events depend on the undrawn portion of the home equity lines of credit, performance of the loans, the amount of subsequent draws and the timing of related cash flows. Mortgage and Home Equity Securitizations During the three and six months ended June 30, 2024, the Corporation deconsolidated agency residential mortgage securitization trusts with total assets of $32 million and $825 million compared to $296 million and $624 million for the same periods in 2023. The following table summarizes select information related to mortgage and home equity securitization trusts in which the Corporation held a variable interest and had continuing involvement at June 30, 2024 and December 31, 2023. Mortgage and Home Equity Securitizations Residential Mortgage Non-agency Agency Prime and Alt-A Subprime Home Equity (3) Commercial Mortgage (Dollars in millions) June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 Unconsolidated VIEs Maximum loss exposure (1) $ 7,836 $ 8,190 $ 86 $ 92 $ 602 $ 657 $ — $ — $ 1,622 $ 1,558 On-balance sheet assets Senior securities: Trading account assets $ 275 $ 235 $ 10 $ 13 $ 20 $ 20 $ — $ — $ 238 $ 70 Debt securities carried at fair value 2,345 2,541 — — 290 341 — — — — Held-to-maturity securities 5,216 5,414 — — — — — — 1,262 1,287 All other assets — — 2 4 22 23 — — 32 79 Total retained positions $ 7,836 $ 8,190 $ 12 $ 17 $ 332 $ 384 $ — $ — $ 1,532 $ 1,436 Principal balance outstanding (2) $ 72,470 $ 76,134 $ 13,336 $ 13,963 $ 4,454 $ 4,508 $ 208 $ 252 $ 88,813 $ 80,078 Consolidated VIEs Maximum loss exposure (1) $ 1,115 $ 1,164 $ — $ — $ — $ — $ 11 $ 12 $ — $ — On-balance sheet assets Trading account assets $ 1,115 $ 1,171 $ — $ — $ — $ — $ — $ — $ — $ — Loans and leases — — — — — — 27 31 — — Allowance for loan and lease — — — — — — 6 7 — — All other assets — — — — — — 1 1 — — Total assets $ 1,115 $ 1,171 $ — $ — $ — $ — $ 34 $ 39 $ — $ — Total liabilities $ — $ 7 $ — $ — $ — $ — $ 23 $ 27 $ — $ — (1) Maximum loss exposure includes obligations under loss-sharing reinsurance and other arrangements for non-agency residential mortgage and commercial mortgage securitizations, but excludes the reserve for representations and warranties obligations and corporate guarantees and also excludes servicing advances and other servicing rights and obligations. For more information, see Note 10 – Commitments and Contingencies and Note 14 – Fair Value Measurements . (2) Principal balance outstanding includes loans where the Corporation was the transferor to securitization VIEs with which it has continuing involvement, which may include servicing the loans. (3) For unconsolidated home equity loan VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves. For both consolidated and unconsolidated home equity loan VIEs, the maximum loss exposure excludes the reserve for representations and warranties obligations and corporate guarantees. For more information, see Note 10 – Commitments and Contingencies . Other Asset-backed Securitizations The following paragraphs summarize select information related to other asset-backed VIEs in which the Corporation had a variable interest at June 30, 2024 and December 31, 2023. Credit Card and Automobile Loan Securitizations The Corporation securitizes originated and purchased credit card and automobile loans as a source of financing. The loans are sold on a non-recourse basis to consolidated trusts. The securitizations are ongoing, whereas additional receivables will be funded into the trusts by either loan repayments or proceeds from securities issued to third parties, depending on the securitization structure. The Corporation’s continuing involvement with the securitization trusts includes servicing the receivables and holding various subordinated interests, including an undivided seller’s interest in the credit card receivables and owning certain retained interests. At June 30, 2024 and December 31, 2023, the carrying values of the receivables in the trusts totaled $18.7 billion and $16.6 billion, which are included in loans and leases, and the carrying values of senior debt securities that were issued to third-party investors from the trusts totaled $8.6 billion and $7.8 billion, which are included in long-term debt. Resecuritization Trusts The Corporation transfers securities, typically MBS, into resecuritization VIEs generally at the request of customers seeking securities with specific characteristics. Generally, there are no significant ongoing activities performed in a resecuritization trust, and no single investor has the unilateral ability to liquidate the trust. The Corporation resecuritized $3.8 billion and $6.6 billion of securities during the three and six months ended June 30, 2024 compared to $4.1 billion and $5.8 billion for the same periods in 2023. Securities transferred into resecuritization VIEs were measured at fair value with changes in fair value recorded in market making and similar activities prior to the resecuritization and, accordingly, no gain or loss on sale was recorded. During the three and six months ended June 30, 2024, resecuritization proceeds included securities with an initial fair value of $795 million and $883 million, compared to $478 million and $1.1 billion for the same periods in 2023, of which substantially all of the securities were classified as trading account assets for both periods. Substantially all of the trading account securities carried at fair value were categorized as Level 2 within the fair value hierarchy. Customer VIEs Customer VIEs include credit-linked, equity-linked and commodity-linked note VIEs, repackaging VIEs and asset acquisition VIEs, which are typically created on behalf of customers who wish to obtain market or credit exposure to a specific company, index, commodity or financial instrument. The Corporation’s involvement in the VIE is limited to its loss exposure. The Corporation’s maximum loss exposure to consolidated and unconsolidated customer VIEs totaled $1.0 billion and $952 million at June 30, 2024 and December 31, 2023, including the notional amount of derivatives to which the Corporation is a counterparty, net of losses previously recorded, and the Corporation’s investment, if any, in securities issued by the VIEs. Municipal Bond Trusts The Corporation administers municipal bond trusts that hold highly-rated, long-term, fixed-rate municipal bonds. The trusts obtain financing by issuing floating-rate trust certificates that reprice on a weekly or other short-term basis to third-party investors. The Corporation’s liquidity commitments to unconsolidated municipal bond trusts, including those for which the Corporation was transferor, totaled $1.8 billion and $1.7 billion at June 30, 2024 and December 31, 2023. The weighted-average remaining life of bonds held in the trusts at June 30, 2024 was 11.8 years. There were no significant write-downs or downgrades of assets or issuers during the six months ended June 30, 2024 and 2023. Collateralized Debt Obligation VIEs The Corporation receives fees for structuring CDO VIEs, which hold diversified pools of fixed-income securities, typically corporate debt or ABS, which the CDO VIEs fund by issuing multiple tranches of debt and equity securities. CDOs are generally managed by third-party portfolio managers. The Corporation typically transfers assets to these CDOs, holds securities issued by the CDOs and may be a derivative counterparty to the CDOs. The Corporation’s maximum loss exposure to consolidated and unconsolidated CDOs totaled $80 million at both June 30, 2024 and December 31, 2023. Investment VIEs The Corporation sponsors, invests in or provides financing, which may be in connection with the sale of assets, to a variety of investment VIEs that hold loans, real estate, debt securities or other financial instruments and are designed to provide the desired investment profile to investors or the Corporation. At June 30, 2024 and December 31, 2023, the Corporation’s consolidated investment VIEs had total assets of $3 million and $472 million. The Corporation also held investments in unconsolidated VIEs with total assets of $20.7 billion and $18.4 billion at June 30, 2024 and December 31, 2023. The Corporation’s maximum loss exposure associated with both consolidated and unconsolidated investment VIEs totaled $2.2 billion and $2.6 billion at June 30, 2024 and December 31, 2023 comprised primarily of on-balance sheet assets less non-recourse liabilities. Leveraged Lease Trusts The Corporation’s net investment in consolidated leveraged lease trusts totaled $1.1 billion at both June 30, 2024 and December 31, 2023. The trusts hold long-lived equipment such as rail cars, power generation and distribution equipment, and commercial aircraft. The Corporation structures the trusts and holds a significant residual interest. The net investment represents the Corporation’s maximum loss exposure to the trusts in the unlikely event that the leveraged lease investments become worthless. Debt issued by the leveraged lease trusts is non-recourse to the Corporation. The table below summarizes the maximum loss exposure and assets held by the Corporation that related to other asset-backed VIEs at June 30, 2024 and December 31, 2023. Other Asset-backed VIEs Credit Card and Automobile (1) Resecuritization Trusts and Customer VIEs Municipal Bond Trusts Investment VIEs and Leveraged Lease Trusts (Dollars in millions) June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 Unconsolidated VIEs Maximum loss exposure $ — $ — $ 5,037 $ 4,494 $ 1,874 $ 1,787 $ 2,160 $ 2,197 On-balance sheet assets Securities (2) : Trading account assets $ — $ — $ 1,301 $ 626 $ 25 $ 23 $ 298 $ 469 Debt securities carried at fair value — — 852 920 — — 4 4 Held-to-maturity securities — — 2,110 2,237 — — — — Loans and leases — — — — — — 68 90 Allowance for loan and lease losses — — — — — — (4) (12) All other assets — — 774 711 6 7 1,299 1,168 Total retained positions $ — $ — $ 5,037 $ 4,494 $ 31 $ 30 $ 1,665 $ 1,719 Total assets of VIEs $ — $ — $ 16,727 $ 15,862 $ 7,531 $ 9,279 $ 20,708 $ 18,398 Consolidated VIEs Maximum loss exposure $ 9,433 $ 8,127 $ 497 $ 1,240 $ 3,539 $ 3,136 $ 1,084 $ 1,596 On-balance sheet assets Trading account assets $ — $ — $ 1,018 $ 1,798 $ 3,512 $ 3,084 $ 2 $ 1 Debt securities carried at fair value — — — — 27 52 — — Loans and leases 18,729 16,640 — — — — 1,071 1,605 Allowance for loan and lease losses (922) (832) — — — — (1) (1) All other assets 200 163 39 38 — — 14 15 Total assets $ 18,007 $ 15,971 $ 1,057 $ 1,836 $ 3,539 $ 3,136 $ 1,086 $ 1,620 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ 3,343 $ 2,934 $ — $ 23 Long-term debt 8,552 7,825 560 596 — — 2 1 All other liabilities 22 19 — — — — — — Total liabilities $ 8,574 $ 7,844 $ 560 $ 596 $ 3,343 $ 2,934 $ 2 $ 24 (1) At June 30, 2024 and December 31, 2023 loans and leases in the consolidated credit card trust included $4.4 billion and $3.2 billion of seller’s interest. (2) The retained senior securities were valued using quoted market prices or observable market inputs (Level 2 of the fair value hierarchy). Tax Credit VIEs The Corporation holds equity investments in unconsolidated limited partnerships and similar entities that construct, own and operate affordable housing, renewable energy and certain other projects. The total assets of these unconsolidated tax credit VIEs were $83.3 billion and $84.1 billion as of June 30, 2024 and December 31, 2023. An unrelated third party is typically the general partner or managing member and has control over the significant activities of the VIE. As an investor, tax credits associated with the investments in these entities are allocated to the Corporation, as provided by the U.S. Internal Revenue Code and related regulations, and are recognized as income tax benefits in the Corporation’s Consolidated Statement of Income in the year they are earned, which varies based on the type of investments. Tax credits from investments in affordable housing are recognized ratably over a term of up to 10 years, and tax credits from renewable energy investments are recognized either at inception for transactions electing Investment Tax Credits (ITCs) or as energy is produced for transactions electing Production Tax Credits (PTCs), which is generally up to a 10-year time period. The volume and types of investments held by the Corporation will influence the amount of tax credits recognized each period. The Corporation’s equity investments in affordable housing and other projects totaled $16.2 billion and $15.8 billion at June 30, 2024 and December 31, 2023, which included unfunded capital contributions of $7.4 billion and $7.2 billion that are probable to be paid over the next five years. The Corporation may be asked to invest additional amounts to support a troubled affordable housing project. Such additional investments have not been and are not expected to be significant. During the three and six months ended June 30, 2024, the Corporation recognized tax credits and other tax benefits related to affordable housing equity investments of $562 million and $1.1 billion compared to $517 million and $1.0 billion for the same periods in 2023, and reported pretax losses in other income of $409 million and $822 million compared to $383 million and $756 million for the same periods in 2023. The Corporation’s equity investments in renewable energy totaled $13.4 billion and $14.2 billion at June 30, 2024 and December 31, 2023. In addition, the Corporation had unfunded capital contributions for renewable energy investments of $5.5 billion and $6.2 billion at June 30, 2024 and December 31, 2023, which are contingent on various conditions precedent to funding over the next two years. The Corporation’s risk of loss is generally mitigated by policies requiring the project to qualify for the expected tax credits prior to making its investment. During the three and six months ended June 30, 2024, the Corporation recognized tax credits and other tax benefits related to renewable energy equity investments of $894 million and $1.9 billion compared to $1.1 billion and $2.1 billion for the same periods in 2023 and reported pretax losses in other income of $591 million and $1.3 billion compared to $567 million and $1.1 billion for the same periods in 2023. The Corporation may also enter into power purchase agreements with renewable energy tax credit entities. The following table summarizes select information related to unconsolidated tax credit VIEs in which the Corporation held a variable interest at June 30, 2024 and December 31, 2023. Unconsolidated Tax Credit VIEs (Dollars in millions) June 30 December 31 Maximum loss exposure $ 29,594 $ 30,040 On-balance sheet assets All other assets $ 29,594 $ 30,040 Total $ 29,594 $ 30,040 On-balance sheet liabilities All other liabilities $ 7,396 $ 7,254 Total $ 7,396 $ 7,254 Total assets of VIEs $ 83,334 $ 84,148

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The table below presents goodwill balances by business segment at June 30, 2024 and December 31, 2023. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. The Corporation completed its annual goodwill impairment test as of June 30, 2024 by using a qualitative assessment. Based on the assessment, the Corporation has concluded that none of its reporting units are at risk of impairment, as each of the reporting units’ fair values are substantially in excess of their carrying values. For more information regarding the nature of and accounting for the Corporation’s annual goodwill impairment testing, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Goodwill (Dollars in millions) June 30 2024 December 31 2023 Consumer Banking $ 30,137 $ 30,137 Global Wealth & Investment Management 9,677 9,677 Global Banking 24,026 24,026 Global Markets 5,181 5,181 Total goodwill $ 69,021 $ 69,021 Intangible Assets At both June 30, 2024 and December 31, 2023, the net carrying value of intangible assets was $2.0 billion. At both June 30, 2024 and December 31, 2023, intangible assets included $1.6 billion of intangible assets associated with trade names, substantially all of which had an indefinite life and, accordingly, are not being amortized. Amortization of intangibles expense was $20 million for both the three months ended June 30, 2024 and 2023, and $39 million for both the six months ended June 30, 2024 and 2023.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and Note 8 – Leases to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. For more information on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The table below presents the net investment in sales-type and direct financing leases at June 30, 2024 and December 31, 2023. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 17,068 $ 16,565 Unguaranteed residuals 2,430 2,485 Total net investment in sales-type and direct $ 19,498 $ 19,050 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $7.3 billion and $6.8 billion at June 30, 2024 and December 31, 2023. The table below presents lease income for the three and six months ended June 30, 2024 and 2023. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Sales-type and direct financing $ 262 $ 181 $ 512 $ 353 Operating leases 227 234 454 472 Total lease income $ 489 $ 415 $ 966 $ 825 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. The table below provides information on the right-of-use assets and lease liabilities at June 30, 2024 and December 31, 2023. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use assets $ 8,707 $ 9,150 Lease liabilities 9,310 9,782
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and Note 8 – Leases to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. For more information on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The table below presents the net investment in sales-type and direct financing leases at June 30, 2024 and December 31, 2023. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 17,068 $ 16,565 Unguaranteed residuals 2,430 2,485 Total net investment in sales-type and direct $ 19,498 $ 19,050 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $7.3 billion and $6.8 billion at June 30, 2024 and December 31, 2023. The table below presents lease income for the three and six months ended June 30, 2024 and 2023. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Sales-type and direct financing $ 262 $ 181 $ 512 $ 353 Operating leases 227 234 454 472 Total lease income $ 489 $ 415 $ 966 $ 825 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. The table below provides information on the right-of-use assets and lease liabilities at June 30, 2024 and December 31, 2023. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use assets $ 8,707 $ 9,150 Lease liabilities 9,310 9,782
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and Note 8 – Leases to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. For more information on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The table below presents the net investment in sales-type and direct financing leases at June 30, 2024 and December 31, 2023. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 17,068 $ 16,565 Unguaranteed residuals 2,430 2,485 Total net investment in sales-type and direct $ 19,498 $ 19,050 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $7.3 billion and $6.8 billion at June 30, 2024 and December 31, 2023. The table below presents lease income for the three and six months ended June 30, 2024 and 2023. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Sales-type and direct financing $ 262 $ 181 $ 512 $ 353 Operating leases 227 234 454 472 Total lease income $ 489 $ 415 $ 966 $ 825 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. The table below provides information on the right-of-use assets and lease liabilities at June 30, 2024 and December 31, 2023. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use assets $ 8,707 $ 9,150 Lease liabilities 9,310 9,782
Leases	Leases The Corporation enters into both lessor and lessee arrangements. For more information on lease accounting, see Note 1 – Summary of Significant Accounting Principles and Note 8 – Leases to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. For more information on lease financing receivables, see Note 5 – Outstanding Loans and Leases and Allowance for Credit Losses . Lessor Arrangements The Corporation’s lessor arrangements primarily consist of operating, sales-type and direct financing leases for equipment. Lease agreements may include options to renew and for the lessee to purchase the leased equipment at the end of the lease term. The table below presents the net investment in sales-type and direct financing leases at June 30, 2024 and December 31, 2023. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 17,068 $ 16,565 Unguaranteed residuals 2,430 2,485 Total net investment in sales-type and direct $ 19,498 $ 19,050 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $7.3 billion and $6.8 billion at June 30, 2024 and December 31, 2023. The table below presents lease income for the three and six months ended June 30, 2024 and 2023. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Sales-type and direct financing $ 262 $ 181 $ 512 $ 353 Operating leases 227 234 454 472 Total lease income $ 489 $ 415 $ 966 $ 825 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. The table below provides information on the right-of-use assets and lease liabilities at June 30, 2024 and December 31, 2023. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use assets $ 8,707 $ 9,150 Lease liabilities 9,310 9,782

Securities Financing Agreements

Securities Financing Agreements, Collateral and Restricted Cash	6 Months Ended
	Jun. 30, 2024
Securities Financing Agreements, Collateral and Restricted Cash [Abstract]
Securities Financing Agreements, Collateral and Restricted Cash	Securities Financing Agreements, Collateral and Restricted Cash The Corporation enters into securities financing agreements which include securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase. These financing agreements (also referred to as “matched-book transactions”) are to accommodate customers, obtain securities to cover short positions and finance inventory positions. The Corporation elects to account for certain securities financing agreements under the fair value option. For more information on the fair value option, see Note 15 – Fair Value Option . Offsetting of Securities Financing Agreements The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at June 30, 2024 and December 31, 2023. Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives. For more information on the securities financing agreements and the offsetting of securities financing transactions, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) June 30, 2024 Securities borrowed or purchased under agreements to resell (3) $ 755,382 $ (417,630) $ 337,752 $ (309,130) $ 28,622 Securities loaned or sold under agreements to repurchase $ 785,736 $ (417,630) $ 368,106 $ (346,566) $ 21,540 Other (4) 12,773 — 12,773 (12,773) — Total $ 798,509 $ (417,630) $ 380,879 $ (359,339) $ 21,540 December 31, 2023 Securities borrowed or purchased under agreements to resell (3) $ 703,641 $ (423,017) $ 280,624 $ (257,541) $ 23,083 Securities loaned or sold under agreements to repurchase $ 706,904 $ (423,017) $ 283,887 $ (272,285) $ 11,602 Other (4) 10,066 — 10,066 (10,066) — Total $ 716,970 $ (423,017) $ 293,953 $ (282,351) $ 11,602 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $12.6 billion and $8.7 billion reported in loans and leases on the Consolidated Balance Sheet for June 30, 2024 and December 31, 2023. (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities. Repurchase Agreements and Securities Loaned Transactions Accounted for as Secured Borrowings The following tables present securities sold under agreements to repurchase and securities loaned by remaining contractual term to maturity and class of collateral pledged. Included in “Other” are transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. Certain agreements contain a right to substitute collateral and/or terminate the agreement prior to maturity at the option of the Corporation or the counterparty. Such agreements are included in the table below based on the remaining contractual term to maturity. For more information on collateral requirements, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Remaining Contractual Maturity Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater than 90 Days (1) Total (Dollars in millions) June 30, 2024 Securities sold under agreements to repurchase $ 259,817 $ 232,017 $ 95,737 $ 109,075 $ 696,646 Securities loaned 79,861 284 1,005 7,940 89,090 Other 12,773 — — — 12,773 Total $ 352,451 $ 232,301 $ 96,742 $ 117,015 $ 798,509 December 31, 2023 Securities sold under agreements to repurchase $ 234,974 $ 228,627 $ 85,176 $ 75,020 $ 623,797 Securities loaned 76,580 139 618 5,770 83,107 Other 10,066 — — — 10,066 Total $ 321,620 $ 228,766 $ 85,794 $ 80,790 $ 716,970 (1) No agreements have maturities greater than four years. Class of Collateral Pledged Securities Sold Under Agreements to Repurchase Securities Other Total (Dollars in millions) June 30, 2024 U.S. government and agency securities $ 380,642 $ 138 $ 23 $ 380,803 Corporate securities, trading loans and other 32,720 1,889 865 35,474 Equity securities 25,946 87,031 11,885 124,862 Non-U.S. sovereign debt 251,899 32 — 251,931 Mortgage trading loans and ABS 5,439 — — 5,439 Total $ 696,646 $ 89,090 $ 12,773 $ 798,509 December 31, 2023 U.S. government and agency securities $ 352,950 $ 34 $ 38 $ 353,022 Corporate securities, trading loans and other 23,242 1,805 661 25,708 Equity securities 11,517 81,266 9,367 102,150 Non-U.S. sovereign debt 231,140 2 — 231,142 Mortgage trading loans and ABS 4,948 — — 4,948 Total $ 623,797 $ 83,107 $ 10,066 $ 716,970 Collateral The Corporation accepts securities and loans as collateral that it is permitted by contract or practice to sell or repledge. At June 30, 2024 and December 31, 2023, the fair value of this collateral was $975.8 billion and $911.3 billion, of which $934.1 billion and $870.9 billion were sold or repledged. The primary source of this collateral is securities borrowed or purchased under agreements to resell. For more information on collateral, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Restricted Cash At June 30, 2024 and December 31, 2023, the Corporation held restricted cash included within cash and cash equivalents on the Consolidated Balance Sheet of $5.4 billion and $5.6 billion, predominantly related to cash segregated in compliance with securities regulations and cash held on deposit with central banks to meet reserve requirements.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Corporation enters into a number of off-balance sheet commitments. These commitments expose the Corporation to varying degrees of credit and market risk and are subject to the same credit and market risk limitation reviews as those instruments recorded on the Consolidated Balance Sheet. For more information on commitments and contingencies, see Note 12 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Credit Extension Commitments The Corporation enters into commitments to extend credit such as loan commitments, standby letters of credit (SBLCs) and commercial letters of credit to meet the financing needs of its customers. The following table includes the notional amount of unfunded legally binding lending commitments net of amounts distributed (i.e., syndicated or participated) to other financial institutions. The distributed amounts were $10.3 billion at both June 30, 2024 and December 31, 2023. The carrying value of the Corporation’s credit extension commitments at June 30, 2024 and December 31, 2023, excluding commitments accounted for under the fair value option, was $1.1 billion and $1.2 billion, which predominantly related to the reserve for unfunded lending commitments. The carrying value of these commitments is classified in accrued expenses and other liabilities on the Consolidated Balance Sheet. Legally binding commitments to extend credit generally have specified rates and maturities. Certain of these commitments have adverse change clauses that help to protect the Corporation against deterioration in the borrower’s ability to pay. The following table includes the notional amount of commitments of $3.2 billion and $2.6 billion at June 30, 2024 and December 31, 2023 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $73 million and $67 million at June 30, 2024 and December 31, 2023, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 15 – Fair Value Option. Credit Extension Commitments Expire in One Expire After One Expire After Three Years Through Expire After Total (Dollars in millions) June 30, 2024 Notional amount of credit extension commitments Loan commitments (1) $ 122,111 $ 214,908 $ 184,093 $ 17,930 $ 539,042 Home equity lines of credit 3,407 10,109 9,910 21,849 45,275 Standby letters of credit and financial guarantees (2) 21,830 8,871 2,779 586 34,066 Letters of credit 776 141 63 59 1,039 Other commitments (3) 13 33 103 1,036 1,185 Legally binding commitments 148,137 234,062 196,948 41,460 620,607 Credit card lines (4) 452,638 — — — 452,638 Total credit extension commitments $ 600,775 $ 234,062 $ 196,948 $ 41,460 $ 1,073,245 December 31, 2023 Notional amount of credit extension commitments Loan commitments (1) $ 124,298 $ 198,818 $ 193,878 $ 15,386 $ 532,380 Home equity lines of credit 2,775 9,182 11,195 21,975 45,127 Standby letters of credit and financial guarantees (2) 21,067 9,633 2,693 652 34,045 Letters of credit 873 207 66 29 1,175 Other commitments (3) 17 50 108 1,035 1,210 Legally binding commitments 149,030 217,890 207,940 39,077 613,937 Credit card lines (4) 440,328 — — — 440,328 Total credit extension commitments $ 589,358 $ 217,890 $ 207,940 $ 39,077 $ 1,054,265 (1) At June 30, 2024 and December 31, 2023, $4.6 billion and $3.1 billion of these loan commitments were held in the form of a security. (2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $23.4 billion and $9.8 billion at June 30, 2024, and $23.6 billion and $9.7 billion at December 31, 2023. Amounts in the table include consumer SBLCs of $864 million and $744 million at June 30, 2024 and December 31, 2023. (3) Primarily includes second-loss positions on lease-end residual value guarantees. (4) Includes business card unused lines of credit. Other Commitments At June 30, 2024 and December 31, 2023, the Corporation had commitments to purchase loans (e.g., residential mortgage and commercial real estate) of $540 million and $822 million, which upon settlement will be included in trading account assets, loans or LHFS, and commitments to purchase commercial loans of $1.3 billion and $420 million, which upon settlement will be included in trading account assets. At June 30, 2024 and December 31, 2023, the Corporation had commitments to enter into resale and forward-dated resale and securities borrowing agreements of $126.3 billion and $117.0 billion, and commitments to enter into forward-dated repurchase and securities lending agreements of $94.3 billion and $63.0 billion. A significant portion of these commitments will expire within the next 12 months. At both June 30, 2024 and December 31, 2023, the Corporation had a commitment to originate or purchase up to $4.0 billion on a rolling 12-month basis, of auto loans and leases from a strategic partner. This commitment extends through November 2026 and can be terminated with 12 months prior notice. At June 30, 2024 and December 31, 2023, the Corporation had unfunded equity investment commitments of $478 million and $477 million. As a Federal Reserve member bank, the Corporation is required to subscribe to a certain amount of shares issued by its Federal Reserve district bank, which pays cumulative dividends at a prescribed rate. At both June 30, 2024 and December 31, 2023, the Corporation had paid $5.4 billion for half of its subscribed shares, with the remaining half subject to call by the Federal Reserve district bank board, which the Corporation believes is remote. Other Guarantees Bank-owned Life Insurance Book Value Protection The Corporation sells products that offer book value protection to insurance carriers who offer group life insurance policies to corporations, primarily banks. At June 30, 2024 and December 31, 2023, the notional amount of these guarantees totaled $3.3 billion and $3.8 billion. At June 30, 2024 and December 31, 2023, the Corporation’s maximum exposure related to these guarantees totaled $508 million and $577 million, with estimated maturity dates between 2034 and 2037. Merchant Services The Corporation in its role as merchant acquirer or as a sponsor of other merchant acquirers may be held liable for any reversed charges that cannot be collected from the merchants due to, among other things, merchant fraud or insolvency. If charges are properly reversed after a purchase and cannot be collected from either the merchants or merchant acquirers, the Corporation may be held liable for these reversed charges. The ability to reverse a charge is primarily governed by the applicable payment network rules and regulations, which include, but are not limited to, the type of charge, type of payment used and time limits. The total amount of transactions subject to reversal under payment network rules and regulations processed for the preceding six-month period, which was approximately $225 billion, is an estimate of the Corporation’s maximum potential exposure as of June 30, 2024. The Corporation’s risk in this area primarily relates to circumstances where a cardholder has purchased goods or services for future delivery. The Corporation mitigates this risk by requiring cash deposits, guarantees, letters of credit or other types of collateral from certain merchants. The Corporation’s reserves for contingent losses, and the losses incurred related to the merchant processing activity were not significant. Representations and Warranties Obligations and Corporate Guarantees For more information on representations and warranties obligations and corporate guarantees, see Note 12 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. The reserve for representations and warranties obligations and corporate guarantees was $265 million and $604 million at June 30, 2024 and December 31, 2023 and is included in accrued expenses and other liabilities on the Consolidated Balance Sheet, and the related provision is included in other income in the Consolidated Statement of Income. The representations and warranties reserve represents the Corporation’s best estimate of incurred losses, is based on its experience in previous negotiations, and is subject to judgment, a variety of assumptions and known or unknown uncertainties. Future representations and warranties losses may occur in excess of the amounts recorded for these exposures; however, the Corporation does not expect such amounts to be material to the Corporation's financial condition and liquidity. See Litigation and Regulatory Matters below for the Corporation's combined range of possible loss in excess of the reserve for representations and warranties and the accrued liability for litigation. Fixed Income Clearing Corporation Sponsored Member Repo Program The Corporation acts as a sponsoring member in a repo program whereby the Corporation clears certain eligible resale and repurchase agreements through the Government Securities Division of the Fixed Income Clearing Corporation on behalf of clients that are sponsored members in accordance with the Fixed Income Clearing Corporation’s rules. As part of this program, the Corporation guarantees the payment and performance of its sponsored members to the Fixed Income Clearing Corporation. The Corporation’s guarantee obligation is secured by a security interest in cash or high-quality securities collateral placed by clients with the clearinghouse and therefore, the potential for the Corporation to incur significant losses under this arrangement is remote. The Corporation’s maximum potential exposure, without taking into consideration the related collateral, was $131.7 billion and $132.5 billion at June 30, 2024 and December 31, 2023. Other Guarantees In the normal course of business, the Corporation periodically guarantees the obligations of its affiliates in a variety of transactions including ISDA-related transactions and non-ISDA related transactions such as commodities trading, repurchase agreements, prime brokerage agreements and other transactions. Guarantees of Certain Long-term Debt The Corporation, as the parent company, fully and unconditionally guarantees the securities issued by BofA Finance LLC, a consolidated finance subsidiary of the Corporation, and effectively provides for the full and unconditional guarantee of trust securities and capital securities issued by certain statutory trust companies that are 100 percent owned finance subsidiaries of the Corporation. Other Contingencies In 2023, the Federal Deposit Insurance Corporation (FDIC) issued a final rule to impose a special assessment to recover certain estimated losses to the Deposit Insurance Fund (DIF) arising from the closures of Silicon Valley Bank and Signature Bank. The estimated losses will be recovered through quarterly special assessments collected from certain insured depository institutions, including the Corporation, and collection began during the three months ended June 30, 2024. As of June 30, 2024 and December 31, 2023, the Corporation’s accrual for its estimated share of the FDIC special assessment was $2.5 billion and $2.1 billion. The Corporation continues to monitor the FDIC’s estimated loss to the DIF, which could affect the amount of its accrued liability. Litigation and Regulatory Matters The following disclosures supplement the disclosure in Note 12 – Commitments and Contingencies to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K (the prior commitments and contingencies disclosure). In the ordinary course of business, the Corporation and its subsidiaries are routinely defendants in or parties to many pending and threatened legal, regulatory and governmental actions and proceedings. In view of the inherent difficulty of predicting the outcome of such matters, particularly where the claimants seek very large or indeterminate damages or where the matters present novel legal theories or involve a large number of parties, the Corporation generally cannot predict the eventual outcome of the pending matters, timing of the ultimate resolution of these matters, or eventual loss, fines or penalties related to each pending matter. As a matter develops, the Corporation, in conjunction with any outside counsel handling the matter, evaluates whether such matter presents a loss contingency that is probable and estimable, and, for the matters disclosed in the prior commitments and contingencies disclosure and updated below, whether a loss in excess of any accrued liability is reasonably possible in future periods. Once the loss contingency is deemed to be both probable and estimable, the Corporation will establish an accrued liability and record a corresponding amount of litigation-related expense. The Corporation continues to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established. Excluding expenses of internal and external legal service providers, litigation and regulatory investigation-related expense of $53 million and $151 million was recognized for the three and six months ended June 30, 2024 compared to $276 million and $365 million for the same periods in 2023. For any matter disclosed in the prior commitments and contingencies disclosure for which a loss in future periods is reasonably possible and estimable (whether in excess of an accrued liability or where there is no accrued liability) and for representations and warranties exposures, the Corporation’s estimated range of possible loss is $0 to $0.8 billion in excess of the accrued liability, if any, as of June 30, 2024. The accrued liability and estimated range of possible loss are based upon currently available information and subject to significant judgment, a variety of assumptions and known and unknown uncertainties. The matters underlying the accrued liability and estimated range of possible loss are unpredictable and may change from time to time, and actual losses may vary significantly from the current estimate and accrual. The estimated range of possible loss does not represent the Corporation’s maximum loss exposure. Information is provided below and in the prior commitments and contingencies disclosure regarding the nature of the litigation and, where specified, associated claimed damages. Based on current knowledge, and taking into account accrued liabilities, management does not believe that loss contingencies arising from pending matters, including the matters described in the prior commitments and contingencies disclosure and updated below, will have a material adverse effect on the consolidated financial condition or liquidity of the Corporation. However, in light of the significant judgment, variety of assumptions and uncertainties involved in those matters, some of which are beyond the Corporation’s control, and the very large or indeterminate damages sought in some of those matters, an adverse outcome in one or more of those matters could be material to the Corporation’s business or results of operations for any particular reporting period, or cause significant reputational harm. Deposit Insurance Assessment On July 1, 2024, the district court judge vacated the magistrate judge’s April 2023 report and recommendation for resolving the parties’ cross-motions for summary judgment, and asked the parties to file new motions, in light of a recent Supreme Court decision, by the end of October 2024.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock Declared Quarterly Cash Dividends on Common Stock (1) Declaration Date Record Date Payment Date Dividend Per Share July 24, 2024 September 6, 2024 September 27, 2024 $ 0.26 April 25, 2024 June 7, 2024 June 28, 2024 0.24 January 31, 2024 March 1, 2024 March 29, 2024 0.24 (1) In 2024, and through July 30, 2024. During the three and six months ended June 30, 2024, the Corporation repurchased and retired 93 million and 165 million shares of common stock, which reduced shareholders’ equity by $3.5 billion and $6.0 billion, including excise taxes. During the six months ended June 30, 2024, in connection with employee stock plans, the Corporation issued 71 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 26 million shares of common stock. At June 30, 2024, the Corporation had reserved 555 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock. On July 24, 2024, the Board of Directors declared a quarterly common stock dividend of $0.26 per share. Preferred Stock During the three months ended June 30, 2024 and March 31, 2024, the Corporation declared $310 million and $532 million of cash dividends on preferred stock, or a total of $842 million for the six months ended June 30, 2024. During the three months ended June 30, 2024, the Corporation fully redeemed Series U for $1.0 billion and Series JJ for $854 million. For more information on the Corporation’s preferred stock, including liquidation preference, dividend requirements and redemption period, see Note 13 – Shareholders’ Equity to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The table below presents the changes in accumulated OCI after-tax for the six months ended June 30, 2024 and 2023. (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2022 $ (2,983) $ (881) $ (11,935) $ (4,309) $ (1,048) $ (21,156) Net change 723 (394) 49 19 17 414 Balance, June 30, 2023 $ (2,260) $ (1,275) $ (11,886) $ (4,290) $ (1,031) $ (20,742) Balance, December 31, 2023 $ (2,410) $ (1,567) $ (8,016) $ (4,748) $ (1,047) $ (17,788) Net change 27 (135) 270 48 (51) 159 Balance, June 30, 2024 $ (2,383) $ (1,702) $ (7,746) $ (4,700) $ (1,098) $ (17,629) The following table presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for the six months ended June 30, 2024 and 2023. Pretax Tax After- Pretax Tax After- Six Months Ended June 30 (Dollars in millions) 2024 2023 Debt securities: Net increase (decrease) in fair value $ 54 $ (17) $ 37 $ 557 $ (137) $ 420 Net realized (gains) losses reclassified into earnings (1) (14) 4 (10) 404 (101) 303 Net change 40 (13) 27 961 (238) 723 Debit valuation adjustments: Net increase (decrease) in fair value (188) 47 (141) (526) 129 (397) Net realized (gains) losses reclassified into earnings (1) 9 (3) 6 4 (1) 3 Net change (179) 44 (135) (522) 128 (394) Derivatives: Net increase (decrease) in fair value (1,027) 259 (768) (280) 73 (207) Reclassifications into earnings: Net interest income 1,342 (336) 1,006 352 (88) 264 Market making and similar activities 59 (14) 45 — — — Compensation and benefits expense (17) 4 (13) (11) 3 (8) Net realized (gains) losses reclassified into earnings 1,384 (346) 1,038 341 (85) 256 Net change 357 (87) 270 61 (12) 49 Employee benefit plans: Net actuarial losses and other reclassified into earnings (2) 61 (13) 48 27 (8) 19 Net change 61 (13) 48 27 (8) 19 Foreign currency: Net increase (decrease) in fair value 276 (327) (51) (97) 114 17 Net realized (gains) losses reclassified into earnings (1) — — — (1) 1 — Net change 276 (327) (51) (98) 115 17 Total other comprehensive income (loss) $ 555 $ (396) $ 159 $ 429 $ (15) $ 414 (1) Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income. (2) Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The calculation of earnings per common share (EPS) and diluted EPS for the three and six months ended June 30, 2024 and 2023 is presented below. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Three Months Ended June 30 Six Months Ended June 30 (In millions, except per share information) 2024 2023 2024 2023 Earnings per common share Net income $ 6,897 $ 7,408 $ 13,571 $ 15,569 Preferred stock dividends (315) (306) (847) (811) Net income applicable to common shareholders $ 6,582 $ 7,102 $ 12,724 $ 14,758 Average common shares issued and outstanding 7,897.9 8,040.9 7,933.3 8,053.5 Earnings per common share $ 0.83 $ 0.88 $ 1.60 $ 1.83 Diluted earnings per common share Net income applicable to common shareholders $ 6,582 $ 7,102 $ 12,724 $ 14,758 Add preferred stock dividends due to assumed conversions — — — 111 Net income allocated to common shareholders $ 6,582 $ 7,102 $ 12,724 $ 14,869 Average common shares issued and outstanding 7,897.9 8,040.9 7,933.3 8,053.5 Dilutive potential common shares (1) 63.0 39.8 62.9 109.1 Total diluted average common shares issued and outstanding 7,960.9 8,080.7 7,996.2 8,162.6 Diluted earnings per common share $ 0.83 $ 0.88 $ 1.59 $ 1.82 (1) Includes incremental dilutive shares from preferred stock, restricted stock units, restricted stock and warrants. For the three and six months ended June 30, 2024 and the three months ended June 30, 2023, 62 million average dilutive potential common shares associated with the Series L preferred stock were antidilutive, whereas they were included in the diluted share count under the “if-converted” method for the six months ended June 30, 2023.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Under applicable accounting standards, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Corporation determines the fair values of its financial instruments under applicable accounting standards and conducts a review of fair value hierarchy classifications on a quarterly basis. Transfers into or out of fair value hierarchy classifications are made if the significant inputs used in the financial models measuring the fair values of the assets and liabilities become unobservable or observable in the current marketplace. During the six months ended June 30, 2024, there were no changes to valuation approaches or techniques that had, or are expected to have, a material impact on the Corporation’s consolidated financial position or results of operations. For more information regarding the fair value hierarchy, how the Corporation measures fair value and valuation techniques, see Note 1 – Summary of Significant Accounting Principles and Note 20 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. The Corporation accounts for certain financial instruments under the fair value option. For more information, see Note 15 – Fair Value Option . Recurring Fair Value Assets and liabilities carried at fair value on a recurring basis at June 30, 2024 and December 31, 2023, including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. June 30, 2024 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 1,204 $ — $ — $ — $ 1,204 Federal funds sold and securities borrowed or purchased under agreements to resell — 474,966 — (307,131) 167,835 Trading account assets: U.S. Treasury and government agencies 53,509 456 — — 53,965 Corporate securities, trading loans and other — 47,917 1,816 — 49,733 Equity securities 65,030 33,433 231 — 98,694 Non-U.S. sovereign debt 14,892 33,788 323 — 49,003 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 45,030 9 — 45,039 Mortgage trading loans, ABS and other MBS — 9,068 964 — 10,032 Total trading account assets (2) 133,431 169,692 3,343 — 306,466 Derivative assets 17,747 261,640 3,916 (247,347) 35,956 AFS debt securities: U.S. Treasury and government agencies 199,372 908 — — 200,280 Mortgage-backed securities: Agency — 35,362 — — 35,362 Agency-collateralized mortgage obligations — 9,444 — — 9,444 Non-agency residential — 152 133 — 285 Commercial — 11,851 170 — 12,021 Non-U.S. securities 661 20,646 78 — 21,385 Other taxable securities — 2,194 — — 2,194 Tax-exempt securities — 10,324 — — 10,324 Total AFS debt securities 200,033 90,881 381 — 291,295 Other debt securities carried at fair value: U.S. Treasury and government agencies 1,843 — — — 1,843 Non-agency residential MBS — 203 53 — 256 Non-U.S. and other securities 905 6,752 — — 7,657 Total other debt securities carried at fair value 2,748 6,955 53 — 9,756 Loans and leases — 3,108 89 — 3,197 Loans held-for-sale — 1,439 133 — 1,572 Other assets (3) 10,309 3,305 1,700 — 15,314 Total assets (4) $ 365,472 $ 1,011,986 $ 9,615 $ (554,478) $ 832,595 Liabilities Interest-bearing deposits in U.S. offices $ — $ 370 $ — $ — $ 370 Federal funds purchased and securities loaned or sold under agreements to repurchase — 521,850 — (307,131) 214,719 Trading account liabilities: U.S. Treasury and government agencies 12,477 — — — 12,477 Equity securities 43,110 6,193 11 — 49,314 Non-U.S. sovereign debt 17,213 9,414 — — 26,627 Corporate securities and other — 11,851 72 — 11,923 Mortgage trading loans and ABS — 4 — — 4 Total trading account liabilities 72,800 27,462 83 — 100,345 Derivative liabilities 21,969 264,696 6,282 (252,439) 40,508 Short-term borrowings — 7,192 8 — 7,200 Accrued expenses and other liabilities 11,515 3,541 8 — 15,064 Long-term debt — 46,287 588 — 46,875 Total liabilities (4) $ 106,284 $ 871,398 $ 6,969 $ (559,570) $ 425,081 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $12.8 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. Trading account assets also includes certain commodities inventory of $313 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs, which are classified as Level 3 assets, of $989 million. (4) Total recurring Level 3 assets were 0.30 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.24 percent of total consolidated liabilities. December 31, 2023 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 1,181 $ — $ — $ — $ 1,181 Federal funds sold and securities borrowed or purchased under agreements to resell — 436,340 — (303,287) 133,053 Trading account assets: U.S. Treasury and government agencies 65,160 1,963 — — 67,123 Corporate securities, trading loans and other — 41,462 1,689 — 43,151 Equity securities 47,431 41,380 187 — 88,998 Non-U.S. sovereign debt 5,517 21,195 396 — 27,108 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 38,802 2 — 38,804 Mortgage trading loans, ABS and other MBS — 10,955 1,215 — 12,170 Total trading account assets (2) 118,108 155,757 3,489 — 277,354 Derivative assets 14,676 272,244 3,422 (251,019) 39,323 AFS debt securities: U.S. Treasury and government agencies 176,764 902 — — 177,666 Mortgage-backed securities: Agency — 37,812 — — 37,812 Agency-collateralized mortgage obligations — 2,544 — — 2,544 Non-agency residential — 109 273 — 382 Commercial — 10,435 — — 10,435 Non-U.S. securities 1,093 21,679 103 — 22,875 Other taxable securities — 4,835 — — 4,835 Tax-exempt securities — 10,100 — — 10,100 Total AFS debt securities 177,857 88,416 376 — 266,649 Other debt securities carried at fair value: U.S. Treasury and government agencies 1,690 — — — 1,690 Non-agency residential MBS — 211 69 — 280 Non-U.S. and other securities 1,786 6,447 — — 8,233 Total other debt securities carried at fair value 3,476 6,658 69 — 10,203 Loans and leases — 3,476 93 — 3,569 Loans held-for-sale — 1,895 164 — 2,059 Other assets (3) 8,052 2,152 1,657 — 11,861 Total assets (4) $ 323,350 $ 966,938 $ 9,270 $ (554,306) $ 745,252 Liabilities Interest-bearing deposits in U.S. offices $ — $ 284 $ — $ — $ 284 Federal funds purchased and securities loaned or sold under agreements to repurchase — 481,896 — (303,287) 178,609 Trading account liabilities: U.S. Treasury and government agencies 14,908 65 — — 14,973 Equity securities 51,772 4,710 12 — 56,494 Non-U.S. sovereign debt 9,390 6,997 — — 16,387 Corporate securities and other — 7,637 39 — 7,676 Total trading account liabilities 76,070 19,409 51 — 95,530 Derivative liabilities 14,375 280,908 5,916 (257,767) 43,432 Short-term borrowings — 4,680 10 — 4,690 Accrued expenses and other liabilities 8,969 2,483 21 — 11,473 Long-term debt — 42,195 614 — 42,809 Total liabilities (4) $ 99,414 $ 831,855 $ 6,612 $ (561,054) $ 376,827 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $18.0 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. Trading account assets also includes certain commodities inventory of $42 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs, which are classified as Level 3 assets, of $970 million. (4) Total recurring Level 3 assets were 0.29 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.23 percent of total consolidated liabilities. The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three and six months ended June 30, 2024 and 2023, including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance April 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance June 30 Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Three Months Ended June 30, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,582 $ 17 $ (2) $ 185 $ (71) $ 20 $ (142) $ 317 $ (90) $ 1,816 $ (18) Equity securities 214 2 — 48 (15) — (1) — (17) 231 7 Non-U.S. sovereign debt 394 (9) (25) 15 (4) — (48) — — 323 (9) Mortgage trading loans, MBS and ABS 1,058 (23) — 101 (187) — (16) 92 (52) 973 (20) Total trading account assets 3,248 (13) (27) 349 (277) 20 (207) 409 (159) 3,343 (40) Net derivative assets (liabilities) (4) (2,668) 477 — 309 (243) — (287) (158) 204 (2,366) 460 AFS debt securities: Non-agency residential MBS 251 1 — — — — (2) — (117) 133 1 Commercial MBS — (6) 1 175 — — — — — 170 (6) Non-U.S. and other taxable securities 91 (8) — — — — (2) 1 (4) 78 (2) Total AFS debt securities 342 (13) 1 175 — — (4) 1 (121) 381 (7) Other debt securities carried at fair value – Non-agency residential MBS 71 (2) — — — — — — (16) 53 (2) Loans and leases (5,6) 90 1 — — — — (2) — — 89 — Loans held-for-sale (5) 149 — (3) — — — (13) — — 133 (3) Other assets (6,7) 1,668 85 (15) 18 — 27 (83) — — 1,700 57 Trading account liabilities – Equity securities (28) 2 — — — — 6 — 9 (11) — Trading account liabilities – Corporate securities and other (43) (15) — (1) (13) (1) 1 — — (72) (16) Short-term borrowings (5) (9) 1 — — — (9) 9 — — (8) 1 Accrued expenses and other liabilities (5) (19) (11) — 22 — — — — — (8) (11) Long-term debt (5) (611) 18 (2) — — — 7 — — (588) 18 Three Months Ended June 30, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ — $ 7 $ — Trading account assets: Corporate securities, trading loans and other 2,322 34 1 98 (35) — (308) 46 (58) 2,100 13 Equity securities 212 (2) — 10 (32) — (12) 6 (23) 159 (17) Non-U.S. sovereign debt 541 12 20 33 — — (38) — — 568 12 Mortgage trading loans, MBS and ABS 1,300 (19) — 30 (52) — (105) 155 (76) 1,233 (28) Total trading account assets 4,375 25 21 171 (119) — (463) 207 (157) 4,060 (20) Net derivative assets (liabilities) (4) (2,779) (1,630) (140) 280 (331) — (480) (160) 243 (4,997) (1,690) AFS debt securities: Non-agency residential MBS 293 — (2) — — — (3) — — 288 — Non-U.S. and other taxable securities 187 4 4 — — — (7) — (4) 184 2 Tax-exempt securities 51 — — — — — — — — 51 — Total AFS debt securities 531 4 2 — — — (10) — (4) 523 2 Other debt securities carried at fair value – Non-agency residential MBS 94 1 — — — — (2) — (5) 88 2 Loans and leases (5,6) 243 (13) — — (50) — (33) — — 147 (17) Loans held-for-sale (5) 206 10 2 — (5) — (25) — — 188 2 Other assets (6,7) 1,769 98 6 — 1 17 (82) — — 1,809 65 Trading account liabilities – Corporate securities and other (64) (4) — (1) — — 2 (2) 20 (49) — Short-term borrowings (5) (9) 3 — — (10) (1) 6 — — (11) 3 Accrued expenses and other liabilities (5) (20) 6 — — — — — — — (14) 6 Long-term debt (5) (772) 64 (15) — 53 — 6 — — (664) 69 (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - market making and similar activities and other income; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - other income; Loans held-for-sale - other income; Other assets - market making and similar activities and other income related to MSRs; Short-term borrowings - market making and similar activities; Accrued expenses and other liabilities - other income; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments, derivatives designated in cash flow hedges and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $44 million and $124 million related to financial instruments still held at June 30, 2024 and 2023. (4) Net derivative assets (liabilities) include derivative assets of $3.9 billion and $4.4 billion and derivative liabilities of $6.3 billion and $9.4 billion at June 30, 2024 and 2023. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (Losses) in OCI (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Six Months Ended June 30, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,689 $ 24 $ (3) $ 291 $ (128) $ 23 $ (466) $ 515 $ (129) $ 1,816 $ (40) Equity securities 187 6 — 86 (37) — (4) 11 (18) 231 9 Non-U.S. sovereign debt 396 5 (34) 26 (5) — (65) — — 323 5 Mortgage trading loans, MBS and ABS 1,217 (23) — 237 (471) — (43) 164 (108) 973 (43) Total trading account assets 3,489 12 (37) 640 (641) 23 (578) 690 (255) 3,343 (69) Net derivative assets (liabilities) (4) (2,494) 506 — 494 (579) — (535) (299) 541 (2,366) (616) AFS debt securities: Non-agency residential MBS 273 9 47 — — — (141) 62 (117) 133 10 Commercial MBS — (6) 1 175 — — — — — 170 (6) Non-U.S. and other taxable securities 103 (7) — — — — (14) 1 (5) 78 (2) Total AFS debt securities 376 (4) 48 175 — — (155) 63 (122) 381 2 Other debt securities carried at fair value – Non-agency residential MBS 69 3 — — — — (20) 17 (16) 53 3 Loans and leases (5,6) 93 1 — — — 1 (6) — — 89 1 Loans held-for-sale (5,6) 164 (2) (4) — — — (25) — — 133 (6) Other assets (6,7) 1,657 140 (26) 20 — 73 (165) 1 — 1,700 93 Trading account liabilities – Equity securities (12) 2 — — (4) — 6 (14) 11 (11) — Trading account liabilities – Corporate securities and other (39) (18) — (3) (13) (2) 9 (6) — (72) (20) Short-term borrowings (5) (10) — — — — (9) 11 — — (8) — Accrued expenses and other liabilities (5) (21) (9) — 22 — — — — — (8) (8) Long-term debt (5) (614) 31 (17) — — — 13 (1) — (588) 32 Six Months Ended June 30, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ — $ 7 $ — Trading account assets: Corporate securities, trading loans and other 2,384 61 2 224 (155) 14 (452) 194 (172) 2,100 29 Equity securities 145 (6) — 16 (44) — (12) 83 (23) 159 (17) Non-U.S. sovereign debt 518 38 36 36 (6) — (54) — — 568 96 Mortgage trading loans, MBS and ABS 1,552 (28) — 104 (202) — (221) 242 (214) 1,233 (39) Total trading account assets 4,599 65 38 380 (407) 14 (739) 519 (409) 4,060 69 Net derivative assets (liabilities) (4) (2,893) (1,561) (140) 529 (599) — (795) 161 301 (4,997) (2,077) AFS debt securities: Non-agency residential MBS 258 3 32 — — — (5) — — 288 4 Non-U.S. and other taxable securities 195 4 7 — — — (15) — (7) 184 (1) Tax-exempt securities 51 — — — — — — — — 51 — Total AFS debt securities 504 7 39 — — — (20) — (7) 523 3 Other debt securities carried at fair value – Non-agency residential MBS 119 (1) — — (19) — (4) — (7) 88 1 Loans and leases (5,6) 253 (11) — 9 (50) — (70) 16 — 147 (17) Loans held-for-sale (5,6) 232 22 4 — (21) — (49) — — 188 20 Other assets (6,7) 1,799 108 7 6 1 44 (158) 2 — 1,809 48 Trading account liabilities – Corporate securities and other (58) (4) — (1) (2) (1) 2 (6) 21 (49) (1) Short-term borrowings (5) (14) 3 — — (13) (2) 15 — — (11) 2 Accrued expenses and other liabilities (5) (32) 30 — (12) — — — — — (14) 11 Long-term debt (5) (862) 151 (21) (9) 53 — 17 — 7 (664) 139 (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - market making and similar activities and other income; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - market making and similar activities and other income; Other assets - market making and similar activities and other income primarily related to MSRs; Short-term borrowings - market making and similar activities; Accrued expenses and other liabilities - other income; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments, derivatives designated in cash flow hedges and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $33 million and $74 million related to financial instruments still held at June 30, 2024 and 2023. (4) Net derivative assets (liabilities) include derivative assets of $3.9 billion and $4.4 billion and derivative liabilities of $6.3 billion and $9.4 billion at June 30, 2024 and 2023. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. The following tables present information about significant unobservable inputs related to the Corporation’s material categories of Level 3 financial assets and liabilities at June 30, 2024 and December 31, 2023. Quantitative Information about Level 3 Fair Value Measurements at June 30, 2024 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 418 Discounted cash flow, Market comparables Yield 0% to 18% 9 % Trading account assets – Mortgage trading loans, MBS and ABS 149 Prepayment speed 0% to 45% CPR 9% CPR Loans and leases 83 Default rate 0% to 5% CDR 5% CDR AFS debt securities – Non-agency residential 133 Price $0 to $115 $63 Other debt securities carried at fair value – Non-agency residential 53 Loss severity 0% to 74% 26 % Instruments backed by commercial real estate assets $ 507 Discounted cash Yield 0% to 25% 11 % Trading account assets – Corporate securities, trading loans and other 281 Price $0 to $101 $81 Trading account assets – Mortgage trading loans, MBS and ABS 56 AFS debt securities – Commercial 170 Commercial loans, debt securities and other $ 2,843 Discounted cash flow, Market comparables Yield 5% to 41% 16 % Trading account assets – Corporate securities, trading loans and other 1,535 Prepayment speed 10% to 20% 15 % Trading account assets – Non-U.S. sovereign debt 323 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 768 Loss severity 35% to 40% 37 % AFS debt securities – Non-U.S. and other taxable securities 78 Price $0 to $157 $70 Loans and leases 6 Loans held-for-sale 133 Other assets, primarily auction rate securities $ 711 Discounted cash flow, Market comparables Price $10 to $95 $86 Discount rate 11 % n/a MSRs $ 989 Discounted cash Weighted-average life, fixed rate (5) 0 to 12 years 6 years Weighted-average life, variable rate (5) 0 to 11 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 11 % Structured liabilities Long-term debt $ (588) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 18% to 30% 22 % Price $33 to $100 $90 Natural gas forward price $1/MMBtu to $8/MMBtu $4 /MMBtu Net derivative assets (liabilities) Credit derivatives $ 26 Discounted cash flow, Stochastic recovery correlation model Credit spreads 8 to 76 bps 53 bps Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 23% to 64% 58 % Price $0 to $94 $87 Equity derivatives $ (1,278) Industry standard derivative pricing (3) Equity correlation 0% to 100% 60 % Long-dated equity volatilities 1% to 101% 32 % Commodity derivatives $ (691) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $1/MMBtu to $8/MMBtu $4 /MMBtu Power forward price $22 to $119 $49 Interest rate derivatives $ (423) Industry standard derivative pricing (4) Correlation (IR/IR) (35)% to 70% 50 % Correlation (FX/IR) (25)% to 58% 28 % Long-dated inflation rates (1)% to 12% 0 % Long-dated inflation volatilities 0% to 5% 2 % Interest rate volatilities (1)% to 2% 0 % Total net derivative assets (liabilities) $ (2,366) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type, which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 89: Trading account assets – Corporate securities, trading loans and other of $1.8 billion, Trading account assets – Non-U.S. sovereign debt of $323 million, Trading account assets – Mortgage trading loans, MBS and ABS of $973 million, AFS debt securities of $381 million, Other debt securities carried at fair value - Non-agency residential of $53 million, Other assets, including MSRs, of $1.7 billion, Loans and leases of $89 million and LHFS of $133 million. (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable Quantitative Information about Level 3 Fair Value Measurements at December 31, 2023 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 538 Discounted cash Yield 0% to 22% 9 % Trading account assets – Mortgage trading loans, MBS and ABS 109 Prepayment speed 1% to 42% CPR 10% CPR Loans and leases 87 Default rate 0% to 3% CDR 1% CDR AFS debt securities - Non-agency residential 273 Price $0 to $115 $70 Other debt securities carried at fair value - Non-agency residential 69 Loss severity 0% to 100% 27 % Instruments backed by commercial real estate assets $ 363 Discounted cash Yield 0% to 25% 12 % Trading account assets – Corporate securities, trading loans and other 301 Price $0 to $100 $75 Trading account assets – Mortgage trading loans, MBS and ABS 62 Commercial loans, debt securities and other $ 3,103 Discounted cash flow, Market comparables Yield 5% to 59% 13 % Trading account assets – Corporate securities, trading loans and other 1,388 Prepayment speed 10% to 20% 16 % Trading account assets – Non-U.S. sovereign debt 396 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,046 Loss severity 35% to 40% 37 % AFS debt securities – Non-U.S. and other taxable securities 103 Price $0 to $157 $70 Loans and leases 6 Loans held-for-sale 164 Other assets, primarily auction rate securities $ 687 Discounted cash flow, Market comparables Price $10 to $95 $85 Discount rate 10% n/a MSRs $ 970 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 6 years Weighted-average life, variable rate (5) 0 to 11 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (614) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 58% n/a Equity correlation 5% to 97% 25 % Price $0 to $100 $90 Natural gas forward price $1/MMBtu to $7/MMBtu $4/MMBtu Net derivative assets (liabilities) Credit derivatives $ 9 Discounted cash flow, Stochastic recovery correlation model Credit spreads 2 to 79 bps 59 bps Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 22% to 62% 58 % Price $0 to $94 $87 Equity derivatives $ (1,386) Industry standard derivative pricing (3) Equity correlation 0% to 99% 67 % Long-dated equity volatilities 4% to 102% 34 % Commodity derivatives $ (633) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $1/MMBtu to $7/MMBtu $4/MMBtu Power forward price $21 to $91 $42 Interest rate derivatives $ (484) Industry standard derivative pricing (4) Correlation (IR/IR) (35)% to 89% 65 % Correlation (FX/IR) (25)% to 58% 35 % Long-dated inflation rates G (1)% to 11% 0 % Long-dated inflation volatilities 0% to 5% 2 % Interest rates volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (2,494) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type, which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 90: Trading account assets – Corporate securities, trading loans and other of $1.7 billion, Trading account assets – Non-U.S. sovereign debt of $396 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.2 billion, AFS debt securities of $376 million, Other debt securities carried at fair value - Non-agency residential of $69 million, Other assets, including MSRs, of $1.7 billion, Loans and leases of $93 million and LHFS of $164 million. (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable Uncertainty of Fair Value Measurements from Unobservable Inputs For information on the types of instruments, valuation approaches and the impact of changes in unobservable inputs used in Level 3 measurements, see Note 20 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Nonrecurring Fair Value The Corporation holds certain assets that are measured at fair value only in certain situations (e.g., the impairment of an asset), and these measurements are referred to herein as nonrecurring. The amounts below represent assets still held as of the reporting date for which a nonrecurring fair value adjustment was recorded during the three and six months ended June 30, 2024 and 2023. Assets Measured at Fair Value on a Nonrecurring Basis June 30, 2024 Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 (Dollars in millions) Level 2 Level 3 Gains (Losses) Assets Loans held-for-sale $ 14 $ 2,686 $ (49) $ (105) Loans and leases (1) — 71 (10) (17) Foreclosed properties (2, 3) — 46 (2) (1) Other assets (4) 1 296 (27) (40) June 30, 2023 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Assets Loans held-for-sale $ 109 $ 3,671 $ (18) $ (67) Loans and leases (1) — 95 (13) (23) Foreclosed properties (2, 3) — 6 (4) (4) Other assets 4 30 (1) (7) (1) Includes $2 million and $4 million of losses on loans that were written down to a collateral value of zero during the three and six months ended June 30, 2024 compared to losses of $3 million and $5 million for the same periods in 2023. (2) Amounts are included in other assets on the Consolidated Balance Sheet and represent the carrying value of foreclosed properties that were written down subsequent to their initial classification as foreclosed properties. Losses on foreclosed properties include losses recorded during the first 90 days after transfer of a loan to foreclosed properties. (3) Excludes $21 million and $46 million of properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans) at June 30, 2024 and 2023. (4) Represents the fair value of certain impaired renewable energy investments. The table below presents information about significant unobservable inputs utilized in the Corporation's nonrecurring Level 3 fair value measurements during the six months ended June 30, 2024 and the year ended December 31, 2023. Quantitative Information about Nonrecurring Level 3 Fair Value Measurements Inputs Financial Instrument Fair Value Valuation Significant Unobservable Ranges of Weighted Average (1) (Dollars in millions) Six Months Ended June 30, 2024 Loans held-for-sale $ 2,686 Pricing model Implied yield 14% to 23% n/a Loans and leases (2) 71 Market comparables OREO discount 10% to 66% 26 % Costs to sell 8% to 24% 9 % Other assets (3) 296 Discounted cash flow Discount rate 7 % n/a Year Ended December 31, 2023 Loans held-for-sale $ 2,793 Pricing model Implied yield 7% to 23% n/a Loans and leases (2) 153 Market comparables OREO discount 10% to 66% 26 % Costs to sell 8% to 24% 9 % Other assets (3) 898 Discounted cash flow Discount rate 7 % n/a (1) The weighted average is calculated based upon the fair value of the loans. (2) Represents residential mortgages where the loan has been written down to the fair value of the underlying collateral. (3) Represents the fair value of certain impaired renewable energy investments. n/a = not applicable

Fair Value Option

Fair Value Option	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Option	Fair Value Option The Corporation elects to account for certain financial instruments under the fair value option. For more information on the primary financial instruments for which the fair value option elections have been made, see Note 21 – Fair Value Option to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. The following tables provide information about the fair value carrying amount and the contractual principal outstanding of assets and liabilities accounted for under the fair value option at June 30, 2024 and December 31, 2023, and information about where changes in the fair value of assets and liabilities accounted for under the fair value option are included in the Consolidated Statement of Income for the three and six months ended June 30, 2024 and 2023. Fair Value Option Elections June 30, 2024 December 31, 2023 (Dollars in millions) Fair Value Contractual Fair Value Fair Value Contractual Fair Value Federal funds sold and securities borrowed or purchased under agreements to resell $ 167,835 $ 167,788 $ 47 $ 133,053 $ 133,001 $ 52 Loans reported as trading account assets (1) 9,448 16,828 (7,380) 8,377 15,580 (7,203) Trading inventory – other 17,572 n/a n/a 25,282 n/a n/a Consumer and commercial loans 3,197 3,238 (41) 3,569 3,618 (49) Loans held-for-sale (1) 1,572 2,201 (629) 2,059 2,873 (814) Other assets 2,957 n/a n/a 1,986 n/a n/a Long-term deposits 370 441 (71) 284 267 17 Federal funds purchased and securities loaned or sold under agreements to repurchase 214,719 214,761 (42) 178,609 178,634 (25) Short-term borrowings 7,200 7,206 (6) 4,690 4,694 (4) Unfunded loan commitments 73 n/a n/a 67 n/a n/a Accrued expenses and other liabilities 2,219 2,175 44 1,341 1,347 (6) Long-term debt 46,875 49,332 (2,457) 42,809 46,707 (3,898) (1) A significant portion of the loans reported as trading account assets and LHFS are distressed loans that were purchased at a deep discount to par, and the remainder are loans with a fair value near contractual principal outstanding. n/a = not applicable Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option Three Months Ended June 30 2024 2023 (Dollars in millions) Market making Other Total Market making Other Total Federal funds sold and securities borrowed or purchased under agreements to resell $ 78 $ (1) $ 77 $ (52) $ (6) $ (58) Trading inventory – other (1) (1,130) — (1,130) 1,237 — 1,237 Consumer and commercial loans 36 14 50 (16) 11 (5) Loans held-for-sale (2) — (7) (7) — (4) (4) Short-term borrowings 75 — 75 6 — 6 Unfunded loan commitments — (6) (6) — 44 44 Accrued expenses and other liabilities 237 — 237 61 — 61 Long-term debt (3) 58 (7) 51 416 (7) 409 Other (4) (56) (3) (59) 139 4 143 Total $ (702) $ (10) $ (712) $ 1,791 $ 42 $ 1,833 Six Months Ended June 30 2024 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ 108 $ (4) $ 104 $ (18) $ (8) $ (26) Trading inventory – other (1) 781 — 781 2,965 — 2,965 Consumer and commercial loans 56 19 75 (139) 41 (98) Loans held-for-sale (2) — (17) (17) — 16 16 Short-term borrowings 73 — 73 11 — 11 Unfunded loan commitments — (20) (20) — 20 20 Accrued expenses and other liabilities 398 — 398 49 — 49 Long-term debt (3) 267 (20) 247 (502) (23) (525) Other (4) (79) (7) (86) 203 (3) 200 Total $ 1,604 $ (49) $ 1,555 $ 2,569 $ 43 $ 2,612 (1) The gains (losses) in market making and similar activities are primarily offset by (losses) gains on trading liabilities that hedge these assets. (2) Includes the value of IRLCs on funded loans, including those sold during the period. (3) The net gains (losses) in market making and similar activities relate to the embedded derivatives in structured liabilities and are typically offset by (losses) gains on derivatives and securities that hedge these liabilities. For the cumulative impact of changes in the Corporation’s own credit spreads and the amount recognized in accumulated OCI, see Note 12 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 20 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K . (4) Includes gains (losses) on loans reported as trading account assets, other assets, long-term deposits, federal funds purchased and securities loaned or sold under agreements to repurchase, and asset-backed secured financings. Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Loans reported as trading account assets $ (32) $ (4) $ (64) $ 36 Consumer and commercial loans 13 12 16 36 Loans held-for-sale (2) (2) (1) — Unfunded loan commitments (6) 44 (20) 20 Long-term debt — — (3) —

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following disclosures include financial instruments that are not carried at fair value or only a portion of the ending balance is carried at fair value on the Consolidated Balance Sheet. Certain loans, deposits, long-term debt, unfunded lending commitments and other financial instruments are accounted for under the fair value option. For more information, see Note 21 – Fair Value Option to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Fair Value of Financial Instruments The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at June 30, 2024 and December 31, 2023 are presented in the table below. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) June 30, 2024 Financial assets Loans $ 1,023,049 $ 47,914 $ 955,706 $ 1,003,620 Loans held-for-sale 7,043 4,179 2,864 7,043 Financial liabilities Deposits (1) 1,910,491 1,911,738 — 1,911,738 Long-term debt 290,474 291,004 885 291,889 Commercial unfunded lending commitments (2) 1,178 65 3,489 3,554 December 31, 2023 Financial assets Loans $ 1,020,281 $ 49,311 $ 949,977 $ 999,288 Loans held-for-sale 6,002 3,024 2,979 6,003 Financial liabilities Deposits (1) 1,923,827 1,925,015 — 1,925,015 Long-term debt 302,204 303,070 913 303,983 Commercial unfunded lending commitments (2) 1,275 44 3,927 3,971 (1) Includes demand deposits of $859.7 billion and $897.3 billion with no stated maturities at June 30, 2024 and December 31, 2023. (2) The carrying value of commercial unfunded lending commitments is included in accrued expenses and other liabilities on the Consolidated Balance Sheet. The Corporation does not estimate the fair value of consumer unfunded lending commitments because, in many instances, the Corporation can reduce or cancel these commitments by providing notice to the borrower. For more information on commitments, see Note 10 – Commitments and Contingencies .

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Corporation reports its results of operations through the following four business segments: Consumer Banking , Global Wealth & Investment Management, Global Banking and Global Markets , with the remaining operations recorded in All Other . For more information, see Note 23 – Business Segment Information to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. The following tables present net income (loss) and the components thereto (with net interest income on an FTE basis for the business segments, All Other and the total Corporation) for the three and six months ended June 30, 2024 and 2023, and total assets at June 30, 2024 and 2023 for each business segment, as well as All Other. Results of Business Segments and All Other At and for the three months ended June 30 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2024 2023 2024 2023 2024 2023 Net interest income $ 13,862 $ 14,293 $ 8,118 $ 8,437 $ 1,693 $ 1,805 Noninterest income 11,675 11,039 2,088 2,087 3,881 3,437 Total revenue, net of interest expense 25,537 25,332 10,206 10,524 5,574 5,242 Provision for credit losses 1,508 1,125 1,281 1,267 7 13 Noninterest expense 16,309 16,038 5,464 5,453 4,199 3,925 Income before income taxes 7,720 8,169 3,461 3,804 1,368 1,304 Income tax expense 823 761 866 951 342 326 Net income $ 6,897 $ 7,408 $ 2,595 $ 2,853 $ 1,026 $ 978 Period-end total assets $ 3,257,996 $ 3,123,198 $ 1,033,960 $ 1,084,512 $ 324,476 $ 338,184 Global Banking Global Markets All Other 2024 2023 2024 2023 2024 2023 Net interest income $ 3,275 $ 3,690 $ 770 $ 297 $ 6 $ 64 Noninterest income 2,778 2,772 4,689 4,574 (1,761) (1,831) Total revenue, net of interest expense 6,053 6,462 5,459 4,871 (1,755) (1,767) Provision for credit losses 235 9 (13) (4) (2) (160) Noninterest expense 2,899 2,819 3,486 3,349 261 492 Income (loss) before income taxes 2,919 3,634 1,986 1,526 (2,014) (2,099) Income tax expense (benefit) 803 981 576 420 (1,764) (1,917) Net income (loss) $ 2,116 $ 2,653 $ 1,410 $ 1,106 $ (250) $ (182) Period-end total assets $ 620,217 $ 586,397 $ 887,162 $ 851,771 $ 392,181 $ 262,334 (1) There were no material intersegment revenues. Results of Business Segments and All Other At and for the six months ended June 30 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2024 2023 2024 2023 2024 2023 Net interest income $ 28,052 $ 28,875 $ 16,315 $ 17,030 $ 3,507 $ 3,681 Noninterest income 23,461 22,849 4,057 4,200 7,658 6,876 Total revenue, net of interest expense 51,513 51,724 20,372 21,230 11,165 10,557 Provision for credit losses 2,827 2,056 2,431 2,356 (6) 38 Noninterest expense 33,546 32,276 10,939 10,926 8,463 7,992 Income before income taxes 15,140 17,392 7,002 7,948 2,708 2,527 Income tax expense 1,569 1,823 1,751 1,987 677 632 Net income $ 13,571 $ 15,569 $ 5,251 $ 5,961 $ 2,031 $ 1,895 Period-end total assets $ 3,257,996 $ 3,123,198 $ 1,033,960 $ 1,084,512 $ 324,476 $ 338,184 Global Banking Global Markets All Other 2024 2023 2024 2023 2024 2023 Net interest income $ 6,735 $ 7,597 $ 1,451 $ 406 $ 44 $ 161 Noninterest income 5,298 5,068 9,891 10,091 (3,443) (3,386) Total revenue, net of interest expense 12,033 12,665 11,342 10,497 (3,399) (3,225) Provision for credit losses 464 (228) (49) (57) (13) (53) Noninterest expense 5,911 5,759 6,978 6,700 1,255 899 Income before income taxes 5,658 7,134 4,413 3,854 (4,641) (4,071) Income tax expense 1,556 1,926 1,280 1,060 (3,695) (3,782) Net income (loss) $ 4,102 $ 5,208 $ 3,133 $ 2,794 $ (946) $ (289) Period-end total assets $ 620,217 $ 586,397 $ 887,162 $ 851,771 $ 392,181 $ 262,334 (1) There were no material intersegment revenues. The table below presents noninterest income and the associated components for the three and six months ended June 30, 2024 and 2023 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income . Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & Three Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 2024 2023 Fees and commissions: Card income Interchange fees $ 1,023 $ 1,023 $ 815 $ 808 $ (7) $ (3) Other card income 558 523 546 533 16 15 Total card income 1,581 1,546 1,361 1,341 9 12 Service charges Deposit-related fees 1,172 1,045 614 525 10 10 Lending-related fees 335 319 — — 14 8 Total service charges 1,507 1,364 614 525 24 18 Investment and brokerage services Asset management fees 3,370 2,969 45 49 3,327 2,921 Brokerage fees 950 870 33 27 380 330 Total investment and brokerage services 4,320 3,839 78 76 3,707 3,251 Investment banking fees Underwriting income 869 657 — — 57 40 Syndication fees 318 180 — — — — Financial advisory services 374 375 — — — — Total investment banking fees 1,561 1,212 — — 57 40 Total fees and commissions 8,969 7,961 2,053 1,942 3,797 3,321 Market making and similar activities 3,298 3,697 6 5 38 32 Other income (loss) (592) (619) 29 140 46 84 Total noninterest income $ 11,675 $ 11,039 $ 2,088 $ 2,087 $ 3,881 $ 3,437 Global Banking Global Markets All Other (1) Three Months Ended June 30 2024 2023 2024 2023 2024 2023 Fees and commissions: Card income Interchange fees $ 195 $ 199 $ 20 $ 19 $ — $ — Other card income 3 1 — — (7) (26) Total card income 198 200 20 19 (7) (26) Service charges Deposit-related fees 525 489 22 20 1 1 Lending-related fees 250 246 71 65 — — Total service charges 775 735 93 85 1 1 Investment and brokerage services Asset management fees — — — — (2) (1) Brokerage fees 21 14 516 499 — — Total investment and brokerage services 21 14 516 499 (2) (1) Investment banking fees Underwriting income 345 283 517 384 (50) (50) Syndication fees 168 102 150 78 — — Financial advisory services 322 333 52 41 — 1 Total investment banking fees 835 718 719 503 (50) (49) Total fees and commissions 1,829 1,667 1,348 1,106 (58) (75) Market making and similar activities 78 69 3,218 3,409 (42) 182 Other income (loss) 871 1,036 123 59 (1,661) (1,938) Total noninterest income $ 2,778 $ 2,772 $ 4,689 $ 4,574 $ (1,761) $ (1,831) (1) All Other includes eliminations of intercompany transactions. Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 2024 2023 Fees and commissions: Card income Interchange fees $ 1,954 $ 1,979 $ 1,547 $ 1,561 $ (11) $ (3) Other card income 1,090 1,036 1,086 1,054 30 27 Total card income 3,044 3,015 2,633 2,615 19 24 Service charges Deposit-related fees 2,294 2,142 1,192 1,124 21 21 Lending-related fees 655 632 — — 26 16 Total service charges 2,949 2,774 1,192 1,124 47 37 Investment and brokerage services Asset management fees 6,640 5,887 100 96 6,546 5,794 Brokerage fees 1,867 1,804 56 54 761 695 Total investment and brokerage services 8,507 7,691 156 150 7,307 6,489 Investment banking fees Underwriting income 1,770 1,226 — — 120 79 Syndication fees 612 411 — — — — Financial advisory services 747 738 — — — — Total investment banking fees 3,129 2,375 — — 120 79 Total fees and commissions 17,629 15,855 3,981 3,889 7,493 6,629 Market making and similar activities 7,186 8,409 11 10 72 66 Other income (loss) (1,354) (1,415) 65 301 93 181 Total noninterest income $ 23,461 $ 22,849 $ 4,057 $ 4,200 $ 7,658 $ 6,876 Global Banking Global Markets All Other (1) Six Months Ended June 30 2024 2023 2024 2023 2024 2023 Fees and commissions: Card income Interchange fees $ 381 $ 386 $ 37 $ 35 $ — $ — Other card income 5 4 — — (31) (49) Total card income 386 390 37 35 (31) (49) Service charges Deposit-related fees 1,034 956 45 40 2 1 Lending-related fees 491 493 138 123 — — Total service charges 1,525 1,449 183 163 2 1 Investment and brokerage services Asset management fees — — — — (6) (3) Brokerage fees 39 23 1,011 1,032 — — Total investment and brokerage services 39 23 1,011 1,032 (6) (3) Investment banking fees Underwriting income 726 512 1,027 698 (103) (63) Syndication fees 320 228 292 183 — — Financial advisory services 639 646 108 91 — 1 Total investment banking fees 1,685 1,386 1,427 972 (103) (62) Total fees and commissions 3,635 3,248 2,658 2,202 (138) (113) Market making and similar activities 146 114 7,048 7,807 (91) 412 Other income (loss) 1,517 1,706 185 82 (3,214) (3,685) Total noninterest income $ 5,298 $ 5,068 $ 9,891 $ 10,091 $ (3,443) $ (3,386) (1) All other includes eliminations of intercompany transactions. The table below presents a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. Business Segment Reconciliations Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Segments’ total revenue, net of interest expense $ 27,292 $ 27,099 $ 54,912 $ 54,949 Adjustments (1) : Asset and liability management activities (68) (207) (140) (432) Liquidating businesses, eliminations and other (1,687) (1,560) (3,259) (2,793) FTE basis adjustment (160) (135) (318) (269) Consolidated revenue, net of interest expense $ 25,377 $ 25,197 $ 51,195 $ 51,455 Segments’ total net income 7,147 7,590 14,517 15,858 Adjustments, net-of-tax (1) : Asset and liability management activities (53) (151) (108) (325) Liquidating businesses, eliminations and other (197) (31) (838) 36 Consolidated net income $ 6,897 $ 7,408 $ 13,571 $ 15,569 June 30 2024 2023 Segments’ total assets $ 2,865,815 $ 2,860,864 Adjustments (1) : Asset and liability management activities, including securities portfolio 1,261,291 1,162,755 Elimination of segment asset allocations to match liabilities (931,120) (963,574) Other 62,010 63,153 Consolidated total assets $ 3,257,996 $ 3,123,198 (1) Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 6,897	$ 7,408	$ 13,571	$ 15,569

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Principles (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation	The Consolidated Financial Statements include the accounts of the Corporation and its majority-owned subsidiaries and those variable interest entities (VIEs) where the Corporation is the primary beneficiary. Intercompany accounts and transactions have been eliminated. Results of operations of acquired companies are included from the dates of acquisition, and for VIEs, from the dates that the Corporation became the primary beneficiary. Assets held in an agency or fiduciary capacity are not included in the Consolidated Financial Statements. The Corporation accounts for investments in companies for which it owns a voting interest and for which it has the ability to exercise significant influence over operating and financing decisions using the equity method of accounting. These investments, which include the Corporation’s interests in affordable housing and renewable energy partnerships, are recorded in other assets. Equity method investments are subject to impairment testing, and the Corporation’s proportionate share of income or loss is included in other income.
Basis of Presentation	The preparation of the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could materially differ from those estimates and assumptions. These unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements, and related notes thereto, of the Corporation’s 2023 Annual Report on Form 10-K. The nature of the Corporation’s business is such that the results of any interim period are not necessarily indicative of results for a full year. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair statement of the interim period results, have been made. The Corporation evaluates subsequent events through the date of filing with the Securities and Exchange Commission (SEC).

Net Interest Income and Nonin_2

Net Interest Income and Noninterest Income (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The table below presents the Corporation’s net interest income and noninterest income disaggregated by revenue source for the three and six months ended June 30, 2024 and 2023. For more information, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K . For a disaggregation of noninterest income by business segment and All Other , see Note 17 – Business Segment Information. Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Net interest income Interest income Loans and leases $ 15,338 $ 13,970 $ 30,578 $ 27,067 Debt securities 6,325 4,691 12,462 10,151 Federal funds sold and securities borrowed or purchased under agreements to resell 5,159 4,955 10,334 8,667 Trading account assets 2,516 2,076 4,971 4,104 Other interest income (1) 7,516 6,662 14,794 11,020 Total interest income 36,854 32,354 73,139 61,009 Interest expense Deposits 9,655 5,785 18,793 10,099 Short-term borrowings 9,070 8,355 17,605 14,535 Trading account liabilities 540 472 1,086 976 Long-term debt 3,887 3,584 7,921 6,793 Total interest expense 23,152 18,196 45,405 32,403 Net interest income $ 13,702 $ 14,158 $ 27,734 $ 28,606 Noninterest income Fees and commissions Card income Interchange fees (2) $ 1,023 $ 1,023 $ 1,954 $ 1,979 Other card income 558 523 1,090 1,036 Total card income 1,581 1,546 3,044 3,015 Service charges Deposit-related fees 1,172 1,045 2,294 2,142 Lending-related fees 335 319 655 632 Total service charges 1,507 1,364 2,949 2,774 Investment and brokerage services Asset management fees 3,370 2,969 6,640 5,887 Brokerage fees 950 870 1,867 1,804 Total investment and brokerage services 4,320 3,839 8,507 7,691 Investment banking fees Underwriting income 869 657 1,770 1,226 Syndication fees 318 180 612 411 Financial advisory services 374 375 747 738 Total investment banking fees 1,561 1,212 3,129 2,375 Total fees and commissions 8,969 7,961 17,629 15,855 Market making and similar activities 3,298 3,697 7,186 8,409 Other income (loss) (592) (619) (1,354) (1,415) Total noninterest income $ 11,675 $ 11,039 $ 23,461 $ 22,849 (1) Includes interest income on interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks of $4.5 billion and $4.3 billion for the three months ended June 30, 2024 and 2023, and $9.0 billion and $6.3 billion for the six months ended June 30, 2024 and 2023. (2) Gross interchange fees and merchant income are $3.5 billion and $3.4 billion for the three months ended June 30, 2024 and 2023 and both are presented net of $2.4 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods. Gross interchange fees and merchant income were $6.7 billion and $6.6 billion for the six months ended June 30, 2024 and 2023 and are presented net of $4.7 billion and $4.6 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative [Line Items]
Schedule of Derivative Instruments	The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at June 30, 2024 and December 31, 2023. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements and have been reduced by cash collateral received or paid. June 30, 2024 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 19,803.9 $ 74.8 $ 8.4 $ 83.2 $ 61.9 $ 19.3 $ 81.2 Futures and forwards 3,795.0 2.3 — 2.3 2.5 — 2.5 Written options (2) 1,876.4 — — — 31.1 — 31.1 Purchased options (3) 1,822.8 32.6 — 32.6 — — — Foreign exchange contracts Swaps 1,964.6 36.2 0.1 36.3 33.8 0.1 33.9 Spot, futures and forwards 4,893.9 33.9 0.7 34.6 33.9 0.2 34.1 Written options (2) 552.5 — — — 7.6 — 7.6 Purchased options (3) 512.7 7.5 — 7.5 — — — Equity contracts Swaps 483.9 11.8 — 11.8 17.0 — 17.0 Futures and forwards 139.3 2.0 — 2.0 1.6 — 1.6 Written options (2) 966.1 — — — 66.8 — 66.8 Purchased options (3) 874.7 56.5 — 56.5 — — — Commodity contracts Swaps 66.0 2.8 — 2.8 3.8 — 3.8 Futures and forwards 184.3 5.1 — 5.1 4.6 0.1 4.7 Written options (2) 74.8 — — — 3.1 — 3.1 Purchased options (3) 80.8 2.9 — 2.9 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 433.2 1.9 — 1.9 2.6 — 2.6 Total return swaps/options 113.8 0.7 — 0.7 0.8 — 0.8 Written credit derivatives: Credit default swaps 412.7 2.1 — 2.1 1.7 — 1.7 Total return swaps/options 104.6 1.0 — 1.0 0.4 — 0.4 Gross derivative assets/liabilities $ 274.1 $ 9.2 $ 283.3 $ 273.2 $ 19.7 $ 292.9 Less: Legally enforceable master netting agreements (219.9) (219.9) Less: Cash collateral received/paid (27.4) (32.5) Total derivative assets/liabilities $ 36.0 $ 40.5 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) Includes certain out-of-the-money purchased options that have a liability amount primarily due to the deferral of option premiums to the end of the contract. (3) Includes certain out-of-the-money written options that have an asset amount primarily due to the deferral of option premiums to the end of the contract. (4) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $280 million and $382.4 billion at June 30, 2024. December 31, 2023 Gross Derivative Assets Gross Derivative Liabilities (Dollars in billions) Contract/ Notional (1) Trading and Other Risk Management Derivatives Qualifying Total Trading and Other Risk Management Derivatives Qualifying Total Interest rate contracts Swaps $ 15,715.2 $ 78.4 $ 7.9 $ 86.3 $ 66.6 $ 18.5 $ 85.1 Futures and forwards 2,803.8 5.1 — 5.1 7.0 — 7.0 Written options (2) 1,807.7 — — — 31.7 — 31.7 Purchased options (3) 1,714.9 32.9 — 32.9 — — — Foreign exchange contracts Swaps 1,814.7 41.1 0.2 41.3 38.2 0.5 38.7 Spot, futures and forwards 3,561.7 37.2 6.1 43.3 40.3 6.2 46.5 Written options (2) 462.8 — — — 6.8 — 6.8 Purchased options (3) 405.3 6.2 — 6.2 — — — Equity contracts Swaps 427.0 13.3 — 13.3 16.7 — 16.7 Futures and forwards 136.9 2.1 — 2.1 1.6 — 1.6 Written options (2) 854.9 — — — 50.1 — 50.1 Purchased options (3) 716.2 44.1 — 44.1 — — — Commodity contracts Swaps 59.0 3.1 — 3.1 4.5 — 4.5 Futures and forwards 187.8 3.8 — 3.8 3.1 0.4 3.5 Written options (2) 67.1 — — — 3.3 — 3.3 Purchased options (3) 70.9 3.0 — 3.0 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 312.8 1.7 — 1.7 2.5 — 2.5 Total return swaps/options 69.4 0.8 — 0.8 1.3 — 1.3 Written credit derivatives: Credit default swaps 289.1 2.2 — 2.2 1.6 — 1.6 Total return swaps/options 68.6 1.1 — 1.1 0.3 — 0.3 Gross derivative assets/liabilities $ 276.1 $ 14.2 $ 290.3 $ 275.6 $ 25.6 $ 301.2 Less: Legally enforceable master netting agreements (221.6) (221.6) Less: Cash collateral received/paid (29.4) (36.2) Total derivative assets/liabilities $ 39.3 $ 43.4 (1) Represents the total contract/notional amount of derivative assets and liabilities outstanding. (2) Includes certain out-of-the-money purchased options that have a liability amount primarily due to the deferral of option premiums to the end of the contract. (3) Includes certain out-of-the-money written options that have an asset amount primarily due to the deferral of option premiums to the end of the contract. (4) The net derivative asset (liability) and notional amount of written credit derivatives for which the Corporation held purchased credit derivatives with identical underlying referenced names were $520 million and $266.5 billion at December 31, 2023.
Gains and Losses on Derivatives and Hedged Items Designated in Fair Value Hedges	The following table summarizes information related to fair value hedges for the three and six months ended June 30, 2024 and 2023. Gains and Losses on Derivatives and Hedged Items Designated in Fair Value Hedges Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 (Dollars in millions) Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ (486) $ 481 $ (3,550) $ 3,516 Interest rate and foreign currency risk (2) 279 (285) 107 (104) Interest rate risk on available-for-sale securities (3) 315 (324) 1,880 (1,884) Price risk on commodity inventory (4) (166) 166 691 (691) Total $ (58) $ 38 $ (872) $ 837 ` Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Derivative Hedged Item Derivative Hedged Item Interest rate risk on long-term debt (1) $ (3,590) $ 3,571 $ (242) $ 211 Interest rate and foreign currency risk (2) 623 (614) 115 (112) Interest rate risk on available-for-sale securities (3) 2,805 (2,826) (1,147) 1,132 Price risk on commodity inventory (4) (386) 386 172 (172) Total $ (548) $ 517 $ (1,102) $ 1,059 (1) Amounts are recorded in interest expense in the Consolidated Statement of Income. (2) Represents cross-currency interest rate swaps related to available-for-sale debt securities and long-term debt. For the three and six months ended June 30, 2024, the derivative amount includes gains (losses) of $8 million and $17 million in interest income, $273 million and $597 million in market making and similar activities, and $(2) million and $9 million in accumulated other comprehensive income (OCI). For the same periods in 2023, the derivative amount includes gains (losses) of $1 million and $1 million in interest income, $(1) million and $7 million in interest expense, $103 million and $105 million in market making and similar activities, and $4 million and $2 million in accumulated OCI. Line item totals are in the Consolidated Statement of Income and on the Consolidated Balance Sheet. (3) Amounts are recorded in interest income in the Consolidated Statement of Income. (4) Amounts are recorded in market making and similar activities in the Consolidated Statement of Income.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below summarizes the carrying value of hedged assets and liabilities that are designated in fair value hedging relationships, along with the cumulative amount of gains and losses on the hedged assets and liabilities that are included in their carrying value. There is no impact to earnings for the cumulative amount of these fair value hedging adjustments as long as the hedging relationships remain open through the hedged period. Instead, the open hedges have the effect of synthetically converting the hedged assets and liabilities into variable-rate instruments. If an open hedge is de-designated prior to the derivative’s maturity, any cumulative fair value adjustments at the de-designation date are then amortized or accreted into earnings over the remaining life of the hedged assets or liabilities. Designated Fair Value Hedged Assets and Liabilities June 30, 2024 December 31, 2023 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt $ 188,684 $ (9,086) $ 203,986 $ (5,767) Available-for-sale debt securities (2, 3) 208,693 (4,972) 134,077 (1,793) Trading account assets (4) 3,257 167 7,475 414 (1) Increase (decrease) to carrying value. (2) These amounts include the amortized cost of the financial assets in closed portfolios used to designate hedging relationships in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship (i.e. portfolio layer hedging relationship). At June 30, 2024 and December 31, 2023, the amortized cost of the closed portfolios used in these hedging relationships was $37.8 billion and $39.1 billion, of which $24.4 billion and $22.5 billion were designated in a portfolio layer hedging relationship. At June 30, 2024 and December 31, 2023, the cumulative adjustment associated with these hedging relationships was a decrease of $341 million and an increase of $48 million. (3) Carrying value represents amortized cost. (4) Represents hedging activities related to certain commodities inventory.
Cash Flow and Net Investment Hedges	The following table summarizes certain information related to cash flow hedges and net investment hedges for the three and six months ended June 30, 2024 and 2023. Of the $7.7 billion after-tax net loss ($10.3 billion pretax) on derivatives in accumulated OCI at June 30, 2024, losses of $3.7 billion after-tax ($4.9 billion pretax) related to both open and closed cash flow hedges are expected to be reclassified into earnings in the next 12 months. These net losses reclassified into earnings are expected to primarily decrease net interest income related to the respective hedged items. For open cash flow hedges, the maximum length of time over which forecasted transactions are hedged is approximately nine years. For terminated cash flow hedges, the time period over which the forecasted transactions will be recognized in interest income is approximately five years, with the aggregated amount beyond this time period being insignificant. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Gains (Losses) Gains (Losses) Gains (Losses) Gains (Losses) (Dollars in millions, amounts pretax) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Cash flow hedges Interest rate risk on variable-rate portfolios (1) $ 35 $ (882) $ (1,055) $ (1,396) Price risk on forecasted MBS purchases (1) — (2) — (4) Price risk on certain compensation plans (2) 5 8 19 17 Total $ 40 $ (876) $ (1,036) $ (1,383) Net investment hedges Foreign exchange risk (3) $ 595 $ — $ 1,392 $ — Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Cash flow hedges Interest rate risk on variable-rate portfolios (1) $ (2,878) $ (189) $ (328) $ (349) Price risk on forecasted MBS purchases (1) 2 — 4 — Price risk on certain compensation plans (2) 19 6 36 11 Total $ (2,857) $ (183) $ (288) $ (338) Net investment hedges Foreign exchange risk (3) $ (91) $ 3 $ (468) $ 3 (1) Amounts reclassified from accumulated OCI are recorded in interest income in the Consolidated Statement of Income. (2) Amounts reclassified from accumulated OCI are recorded in compensation and benefits expense in the Consolidated Statement of Income. (3) Amounts reclassified from accumulated OCI are recorded in other income in the Consolidated Statement of Income. For the three and six months ended June 30, 2024, amounts excluded from effectiveness testing and recognized in market making and similar activities were gains of $40 million and $106 million. For the same periods in 2023, amounts excluded from effectiveness testing and recognized in market making and similar activities were gains of $76 million and $109 million.
Other Risk Management Derivatives	The table below presents gains (losses) on these derivatives for the three and six months ended June 30, 2024 and 2023. These gains (losses) are largely offset by the income or expense recorded on the hedged item. Gains and Losses on Other Risk Management Derivatives Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Interest rate risk on mortgage activities (1, 2) $ (10) $ (23) $ (40) $ 3 Credit risk on loans (2) 4 (12) (15) (40) Interest rate and foreign currency risk on asset and liability management activities (3) 82 781 173 659 Price risk on certain compensation plans (4) 53 188 295 383 (1) Includes hedges of interest rate risk on mortgage servicing rights (MSRs) and interest rate lock commitments (IRLCs) to originate mortgage loans that will be held for sale. (2) Gains (losses) on these derivatives are recorded in other income. (3) Gains (losses) on these derivatives are recorded in market making and similar activities. (4) Gains (losses) on these derivatives are recorded in compensation and benefits expense.
Schedule of Derivative Instruments Included in Trading Activities	The following table, which includes both derivatives and non-derivative cash instruments, identifies the amounts in the respective income statement line items attributable to the Corporation’s sales and trading revenue in Global Markets , categorized by primary risk, for the three and six months ended June 30, 2024 and 2023. This table includes debit valuation adjustment (DVA) and funding valuation adjustment (FVA) gains (losses). Global Markets results in Note 17 – Business Segment Information are presented on a fully taxable-equivalent (FTE) basis. The following table is not presented on an FTE basis. Sales and Trading Revenue Market making and similar activities Net Interest Other (1) Total Market making and similar activities Net Interest Other (1) Total (Dollars in millions) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Interest rate risk $ 559 $ 245 $ 108 $ 912 $ 1,412 $ 475 $ 185 $ 2,072 Foreign exchange risk 449 29 16 494 886 63 39 988 Equity risk 1,837 (339) 450 1,948 3,701 (768) 877 3,810 Credit risk 271 600 198 1,069 822 1,204 329 2,355 Other risk (2) 101 31 (18) 114 226 60 (31) 255 Total sales and trading revenue $ 3,217 $ 566 $ 754 $ 4,537 $ 7,047 $ 1,034 $ 1,399 $ 9,480 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Interest rate risk $ 807 $ 39 $ 125 $ 971 $ 2,052 $ 138 $ 211 $ 2,401 Foreign exchange risk 506 31 15 552 908 80 39 1,027 Equity risk 1,659 (511) 459 1,607 3,659 (1,348) 918 3,229 Credit risk 311 610 94 1,015 791 1,276 209 2,276 Other risk (2) 125 (63) (7) 55 395 (143) (8) 244 Total sales and trading revenue $ 3,408 $ 106 $ 686 $ 4,200 $ 7,805 $ 3 $ 1,369 $ 9,177 (1) Represents amounts in investment and brokerage services and other income that are recorded in Global Markets and included in the definition of sales and trading revenue. Includes investment and brokerage services revenue of $516 million and $1.0 billion for the three and six months ended June 30, 2024 compared to $492 million and $1.0 billion for the same periods in 2023. (2) Includes commodity risk.
Disclosure of Credit Derivatives	Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at June 30, 2024 and December 31, 2023 are summarized in the following table. Credit Derivative Instruments Less than One to Three to Over Five Total June 30, 2024 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ — $ 11 $ 26 $ 20 $ 57 Non-investment grade 18 257 893 487 1,655 Total 18 268 919 507 1,712 Total return swaps/options: Investment grade 71 — — — 71 Non-investment grade 115 78 90 10 293 Total 186 78 90 10 364 Total credit derivatives $ 204 $ 346 $ 1,009 $ 517 $ 2,076 Credit-related notes: Investment grade $ — $ — $ 2 $ 720 $ 722 Non-investment grade — 5 15 1,142 1,162 Total credit-related notes $ — $ 5 $ 17 $ 1,862 $ 1,884 Maximum Payout/Notional Credit default swaps: Investment grade $ 37,894 $ 77,291 $ 169,415 $ 20,257 $ 304,857 Non-investment grade 16,062 35,059 51,907 4,826 107,854 Total 53,956 112,350 221,322 25,083 412,711 Total return swaps/options: Investment grade 71,915 1,457 1,369 177 74,918 Non-investment grade 24,337 2,522 2,423 391 29,673 Total 96,252 3,979 3,792 568 104,591 Total credit derivatives $ 150,208 $ 116,329 $ 225,114 $ 25,651 $ 517,302 December 31, 2023 Carrying Value Credit default swaps: Investment grade $ — $ 11 $ 26 $ 20 $ 57 Non-investment grade 38 277 601 595 1,511 Total 38 288 627 615 1,568 Total return swaps/options: Investment grade 59 — — — 59 Non-investment grade 149 69 56 5 279 Total 208 69 56 5 338 Total credit derivatives $ 246 $ 357 $ 683 $ 620 $ 1,906 Credit-related notes: Investment grade $ — $ — $ — $ 859 $ 859 Non-investment grade — 5 16 1,103 1,124 Total credit-related notes $ — $ 5 $ 16 $ 1,962 $ 1,983 Maximum Payout/Notional Credit default swaps: Investment grade $ 33,750 $ 65,015 $ 83,313 $ 17,023 $ 199,101 Non-investment grade 18,061 32,155 33,934 5,827 89,977 Total 51,811 97,170 117,247 22,850 289,078 Total return swaps/options: Investment grade 40,515 1,503 1,561 23 43,602 Non-investment grade 20,694 1,414 1,907 988 25,003 Total 61,209 2,917 3,468 1,011 68,605 Total credit derivatives $ 113,020 $ 100,087 $ 120,715 $ 23,861 $ 357,683
Additional Collateral Required to be Posted Upon Downgrade	The following table presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at June 30, 2024 if the rating agencies had downgraded their long-term senior debt ratings for the Corporation or certain subsidiaries by one incremental notch and by an additional second incremental notch. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries’ long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 150 $ 833 Bank of America, N.A. and subsidiaries (1) 50 695 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 32 $ 132 Collateral posted 29 105 (1) Included in Bank of America Corporation collateral requirements in this table.
Derivative Liability Subject to Unilateral Termination Upon Downgrade	The following table presents the amount of additional collateral that would have been contractually required by derivative contracts and other trading agreements at June 30, 2024 if the rating agencies had downgraded their long-term senior debt ratings for the Corporation or certain subsidiaries by one incremental notch and by an additional second incremental notch. The table also presents derivative liabilities that would be subject to unilateral termination by counterparties upon downgrade of the Corporation's or certain subsidiaries’ long-term senior debt ratings. Additional Collateral Required to be Posted and Derivative Liabilities Subject to Unilateral Termination Upon Downgrade (Dollars in millions) One Second Additional collateral required to be posted upon downgrade Bank of America Corporation $ 150 $ 833 Bank of America, N.A. and subsidiaries (1) 50 695 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 32 $ 132 Collateral posted 29 105 (1) Included in Bank of America Corporation collateral requirements in this table.
Valuation Adjustments on Derivatives	The table below presents credit valuation adjustment (CVA), DVA and FVA gains (losses) on derivatives (excluding the effect of any related hedge activities), which are recorded in market making and similar activities, for the three and six months ended June 30, 2024 and 2023. For more information on the valuation adjustments on derivatives, see Note 3 – Derivatives to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Valuation Adjustments Gains (Losses) on Derivatives (1) Three Months Ended June 30 (Dollars in millions) 2024 2023 Derivative assets (CVA) $ (31) $ 109 Derivative assets/liabilities (FVA) (29) 26 Derivative liabilities (DVA) 27 (86) Six Months Ended June 30 (Dollars in millions) 2024 2023 Derivative assets (CVA) $ 31 $ 121 Derivative assets/liabilities (FVA) (15) (17) Derivative liabilities (DVA) (42) (84) (1) At June 30, 2024 and December 31, 2023, cumulative CVA reduced the derivative assets balance by $328 million and $359 million, cumulative FVA reduced the net derivative balance by $102 million and $87 million, and cumulative DVA reduced the derivative liabilities balance by $257 million and $299 million.
Derivative
Derivative [Line Items]
Offsetting Assets	The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at June 30, 2024 and December 31, 2023 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements, which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 9 – Securities Financing Agreements, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) June 30, 2024 December 31, 2023 Interest rate contracts Over-the-counter $ 115.2 $ 110.1 $ 119.2 $ 117.7 Exchange-traded 0.1 0.1 0.2 0.2 Over-the-counter cleared 2.3 2.5 4.4 3.3 Foreign exchange contracts Over-the-counter 77.1 74.6 89.7 90.4 Over-the-counter cleared 0.2 0.2 0.2 0.2 Equity contracts Over-the-counter 24.3 36.1 24.7 32.2 Exchange-traded 44.7 46.8 34.4 33.9 Commodity contracts Over-the-counter 7.6 8.6 6.6 8.4 Exchange-traded 2.1 2.1 2.3 2.1 Over-the-counter cleared 0.6 0.7 0.4 0.5 Credit derivatives Over-the-counter 5.6 5.3 5.7 5.6 Total gross derivative assets/liabilities, before netting Over-the-counter 229.8 234.7 245.9 254.3 Exchange-traded 46.9 49.0 36.9 36.2 Over-the-counter cleared 3.1 3.4 5.0 4.0 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (198.5) (203.7) (212.1) (218.9) Exchange-traded (45.8) (45.8) (35.4) (35.4) Over-the-counter cleared (3.0) (2.9) (3.5) (3.5) Derivative assets/liabilities, after netting 32.5 34.7 36.8 36.7 Other gross derivative assets/liabilities (2) 3.5 5.8 2.5 6.7 Total derivative assets/liabilities 36.0 40.5 39.3 43.4 Less: Financial instruments collateral (3) (16.5) (14.6) (15.5) (13.0) Total net derivative assets/liabilities $ 19.5 $ 25.9 $ 23.8 $ 30.4 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities.
Offsetting Liabilities	The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at June 30, 2024 and December 31, 2023 by primary risk (e.g., interest rate risk) and the platform, where applicable, on which these derivatives are transacted. Balances are presented on a gross basis, prior to the application of counterparty and cash collateral netting. Total gross derivative assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements, which include reducing the balance for counterparty netting and cash collateral received or paid. For more information on offsetting of securities financing agreements, see Note 9 – Securities Financing Agreements, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) June 30, 2024 December 31, 2023 Interest rate contracts Over-the-counter $ 115.2 $ 110.1 $ 119.2 $ 117.7 Exchange-traded 0.1 0.1 0.2 0.2 Over-the-counter cleared 2.3 2.5 4.4 3.3 Foreign exchange contracts Over-the-counter 77.1 74.6 89.7 90.4 Over-the-counter cleared 0.2 0.2 0.2 0.2 Equity contracts Over-the-counter 24.3 36.1 24.7 32.2 Exchange-traded 44.7 46.8 34.4 33.9 Commodity contracts Over-the-counter 7.6 8.6 6.6 8.4 Exchange-traded 2.1 2.1 2.3 2.1 Over-the-counter cleared 0.6 0.7 0.4 0.5 Credit derivatives Over-the-counter 5.6 5.3 5.7 5.6 Total gross derivative assets/liabilities, before netting Over-the-counter 229.8 234.7 245.9 254.3 Exchange-traded 46.9 49.0 36.9 36.2 Over-the-counter cleared 3.1 3.4 5.0 4.0 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (198.5) (203.7) (212.1) (218.9) Exchange-traded (45.8) (45.8) (35.4) (35.4) Over-the-counter cleared (3.0) (2.9) (3.5) (3.5) Derivative assets/liabilities, after netting 32.5 34.7 36.8 36.7 Other gross derivative assets/liabilities (2) 3.5 5.8 2.5 6.7 Total derivative assets/liabilities 36.0 40.5 39.3 43.4 Less: Financial instruments collateral (3) (16.5) (14.6) (15.5) (13.0) Total net derivative assets/liabilities $ 19.5 $ 25.9 $ 23.8 $ 30.4 (1) Over-the-counter derivatives include bilateral transactions between the Corporation and a particular counterparty. Over-the-counter cleared derivatives include bilateral transactions between the Corporation and a counterparty where the transaction is cleared through a clearinghouse. Exchange-traded derivatives include listed options transacted on an exchange. (2) Consists of derivatives entered into under master netting agreements where the enforceability of these agreements is uncertain under bankruptcy laws in some countries or industries. (3) Amounts are limited to the derivative asset/liability balance and, accordingly, do not include excess collateral received/pledged. Financial instruments collateral includes securities collateral received or pledged and cash securities held and posted at third-party custodians that are not offset on the Consolidated Balance Sheet but shown as a reduction to derive net derivative assets and liabilities.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	The table below presents the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale (AFS) debt securities, other debt securities carried at fair value and held-to-maturity (HTM) debt securities at June 30, 2024 and December 31, 2023. Debt Securities Amortized Gross Gross Fair Amortized Gross Gross Fair (Dollars in millions) June 30, 2024 December 31, 2023 Available-for-sale debt securities Mortgage-backed securities: Agency $ 37,022 $ 4 $ (1,664) $ 35,362 $ 39,195 $ 37 $ (1,420) $ 37,812 Agency-collateralized mortgage obligations 9,652 17 (225) 9,444 2,739 6 (201) 2,544 Commercial 12,421 69 (469) 12,021 10,909 40 (514) 10,435 Non-agency residential (1) 303 46 (64) 285 449 3 (70) 382 Total mortgage-backed securities 59,398 136 (2,422) 57,112 53,292 86 (2,205) 51,173 U.S. Treasury and government agencies 201,441 22 (1,183) 200,280 179,108 19 (1,461) 177,666 Non-U.S. securities 21,396 12 (23) 21,385 22,868 27 (20) 22,875 Other taxable securities 2,246 2 (54) 2,194 4,910 1 (76) 4,835 Tax-exempt securities 10,542 11 (229) 10,324 10,304 17 (221) 10,100 Total available-for-sale debt securities 295,023 183 (3,911) 291,295 270,482 150 (3,983) 266,649 Other debt securities carried at fair value (2) 9,789 62 (95) 9,756 10,202 56 (55) 10,203 Total debt securities carried at fair value 304,812 245 (4,006) 301,051 280,684 206 (4,038) 276,852 Held-to-maturity debt securities Agency mortgage-backed securities 448,483 — (89,989) 358,494 465,456 — (78,930) 386,526 U.S. Treasury and government agencies 121,670 — (19,651) 102,019 121,645 — (17,963) 103,682 Other taxable securities 7,249 — (1,126) 6,123 7,490 — (1,101) 6,389 Total held-to-maturity debt securities 577,402 — (110,766) 466,636 594,591 — (97,994) 496,597 Total debt securities (3,4) $ 882,214 $ 245 $ (114,772) $ 767,687 $ 875,275 $ 206 $ (102,032) $ 773,449 (1) At June 30, 2024 and December 31, 2023, the underlying collateral type included approximately 24 percent and 17 percent prime and 76 percent and 83 percent subprime. (2) Primarily includes non-U.S. securities used to satisfy certain international regulatory requirements. Any changes in value are reported in market making and similar activities. For detail on the components, see Note 14 – Fair Value Measurements . (3) Includes securities pledged as collateral of $219.1 billion and $204.9 billion at June 30, 2024 and December 31, 2023. (4) The Corporation held debt securities from Fannie Mae (FNMA) and Freddie Mac (FHLMC) that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $263.6 billion and $166.4 billion, and a fair value of $211.3 billion and $133.5 billion at June 30, 2024, and an amortized cost of $272.5 billion and $171.5 billion, and a fair value of $226.4 billion and $142.3 billion at December 31, 2023.
Gross Realized Gains (Losses) on Sales of Available For Sale Debt	The gross realized gains and losses on sales of AFS debt securities for the three and six months ended June 30, 2024 and 2023 are presented in the table below. Gains and Losses on Sales of AFS Debt Securities Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Gross gains $ 4 $ 8 $ 15 $ 104 Gross losses (1) (202) (1) (508) Net gains (losses) on sales of AFS debt securities $ 3 $ (194) $ 14 $ (404) Income tax expense (benefit) attributable to realized net gains (losses) on sales of AFS debt securities $ 1 $ (48) $ 4 $ (101)
Amortized Cost and Fair Value of Corporations Investment	The table below presents the fair value and the associated gross unrealized losses on AFS debt securities and whether these securities have had gross unrealized losses for less than 12 months or for 12 months or longer at June 30, 2024 and December 31, 2023. Total AFS Debt Securities in a Continuous Unrealized Loss Position Less than Twelve Months Twelve Months or Longer Total Fair Gross Fair Gross Fair Gross (Dollars in millions) June 30, 2024 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 14,403 $ (79) $ 19,359 $ (1,585) $ 33,762 $ (1,664) Agency-collateralized mortgage obligations 2,903 (9) 1,578 (216) 4,481 (225) Commercial 1,554 (12) 4,731 (457) 6,285 (469) Non-agency residential — — 155 (64) 155 (64) Total mortgage-backed securities 18,860 (100) 25,823 (2,322) 44,683 (2,422) U.S. Treasury and government agencies 91,552 (73) 68,083 (1,110) 159,635 (1,183) Non-U.S. securities 8,346 (12) 2,593 (11) 10,939 (23) Other taxable securities 672 (4) 1,394 (50) 2,066 (54) Tax-exempt securities 813 (7) 2,685 (222) 3,498 (229) Total AFS debt securities in a continuous unrealized loss position $ 120,243 $ (196) $ 100,578 $ (3,715) $ 220,821 $ (3,911) December 31, 2023 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 8,624 $ (21) $ 20,776 $ (1,399) $ 29,400 $ (1,420) Agency-collateralized mortgage obligations — — 1,701 (201) 1,701 (201) Commercial 2,363 (27) 4,588 (487) 6,951 (514) Non-agency residential — — 370 (70) 370 (70) Total mortgage-backed securities 10,987 (48) 27,435 (2,157) 38,422 (2,205) U.S. Treasury and government agencies 14,907 (12) 69,669 (1,449) 84,576 (1,461) Non-U.S. securities 7,702 (8) 1,524 (12) 9,226 (20) Other taxable securities 3,269 (19) 1,437 (57) 4,706 (76) Tax-exempt securities 466 (5) 2,106 (216) 2,572 (221) Total AFS debt securities in a continuous unrealized loss position $ 37,331 $ (92) $ 102,171 $ (3,891) $ 139,502 $ (3,983)
Expected Maturity Distribution	The remaining contractual maturity distribution and yields of the Corporation’s debt securities carried at fair value and HTM debt securities at June 30, 2024 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the mortgage-backed securities (MBS) or other asset-backed securities (ABS) are passed through to the Corporation. Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities Due in One Due after One Year Due after Five Years Due after Total (Dollars in millions) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amount Yield (1) Amortized cost of debt securities carried at fair value Mortgage-backed securities: Agency $ — — % $ 23 4.43 % $ 6 3.50 % $ 36,993 4.69 % $ 37,022 4.69 % Agency-collateralized mortgage obligations — — — — 2 0.50 9,650 5.55 9,652 5.55 Commercial 87 3.93 2,205 3.32 8,373 3.86 1,769 3.24 12,434 3.68 Non-agency residential — — — — — — 569 10.97 569 10.97 Total mortgage-backed securities 87 3.93 2,228 3.33 8,381 3.86 48,981 4.88 59,677 4.67 U.S. Treasury and government agencies 14,582 5.20 173,163 3.94 15,502 2.95 37 3.85 203,284 3.96 Non-U.S. securities 18,334 3.82 5,351 1.72 3,723 5.18 1,655 4.75 29,063 3.66 Other taxable securities 467 6.66 1,467 6.02 237 4.30 75 2.77 2,246 5.86 Tax-exempt securities 1,220 3.62 3,751 4.01 704 2.91 4,867 4.40 10,542 4.07 Total amortized cost of debt securities carried at fair value $ 34,690 4.43 $ 185,960 3.89 $ 28,547 3.52 $ 55,615 4.83 $ 304,812 4.09 Amortized cost of HTM debt securities Agency mortgage-backed securities $ — — % $ — — % $ 10 2.90 % $ 448,473 2.12 % $ 448,483 2.12 % U.S. Treasury and government agencies 244 2.66 13,337 1.91 108,089 1.33 — — 121,670 1.40 Other taxable securities 80 1.59 1,146 2.55 143 3.28 5,880 2.53 7,249 2.54 Total amortized cost of HTM debt securities $ 324 2.40 $ 14,483 1.96 $ 108,242 1.33 $ 454,353 2.12 $ 577,402 1.97 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 22 $ 6 $ 35,334 $ 35,362 Agency-collateralized mortgage obligations — — 2 9,442 9,444 Commercial 86 2,156 8,233 1,557 12,032 Non-agency residential — 2 — 539 541 Total mortgage-backed securities 86 2,180 8,241 46,872 57,379 U.S. Treasury and government agencies 14,575 172,384 15,130 34 202,123 Non-U.S. securities 18,306 5,345 3,723 1,654 29,028 Other taxable securities 465 1,450 216 66 2,197 Tax-exempt securities 1,213 3,719 681 4,711 10,324 Total debt securities carried at fair value $ 34,645 $ 185,078 $ 27,991 $ 53,337 $ 301,051 Fair value of HTM debt securities Agency mortgage-backed securities $ — $ — $ 10 $ 358,484 $ 358,494 U.S. Treasury and government agencies 238 11,931 89,850 — 102,019 Other taxable securities 25 1,089 115 4,894 6,123 Total fair value of HTM debt securities $ 263 $ 13,020 $ 89,975 $ 363,378 $ 466,636 (1) The weighted-average yield is computed based on a constant effective yield over the contractual life of each security. The yield considers the contractual coupon and the amortization of premiums and accretion of discounts, excluding the effect of related open hedging derivatives.

Outstanding Loans and Leases _2

Outstanding Loans and Leases and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Loans and Leases Outstanding	The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at June 30, 2024 and December 31, 2023. 30-59 Days Past Due (1) 60-89 Days Past Due (1) 90 Days or Past Due (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total (Dollars in millions) June 30, 2024 Consumer real estate Residential mortgage $ 1,258 $ 229 $ 742 $ 2,229 $ 225,641 $ 227,870 Home equity 88 34 134 256 25,186 25,442 Credit card and other consumer Credit card 674 484 1,257 2,415 97,035 99,450 Direct/Indirect consumer (2) 310 100 86 496 103,338 103,834 Other consumer — — — — 117 117 Total consumer 2,330 847 2,219 5,396 451,317 456,713 Consumer loans accounted for under the fair value option (3) $ 231 231 Total consumer loans and leases 2,330 847 2,219 5,396 451,317 231 456,944 Commercial U.S. commercial 434 127 215 776 368,363 369,139 Non-U.S. commercial 91 5 4 100 122,083 122,183 Commercial real estate (4) 286 158 758 1,202 69,082 70,284 Commercial lease financing 19 11 23 53 14,821 14,874 U.S. small business commercial 173 78 190 441 19,954 20,395 Total commercial 1,003 379 1,190 2,572 594,303 596,875 Commercial loans accounted for under the fair value option (3) 2,966 2,966 Total commercial loans and leases 1,003 379 1,190 2,572 594,303 2,966 599,841 Total loans and leases (5) $ 3,333 $ 1,226 $ 3,409 $ 7,968 $ 1,045,620 $ 3,197 $ 1,056,785 Percentage of outstandings 0.32 % 0.12 % 0.32 % 0.76 % 98.94 % 0.30 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $191 million and nonperforming loans of $192 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $63 million and nonperforming loans of $89 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $211 million and nonperforming loans of $665 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $47 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $53.6 billion, U.S. securities-based lending loans of $46.7 billion and non-U.S. consumer loans of $2.8 billion. (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $63 million and home equity loans of $168 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.0 billion and non-U.S. commercial loans of $945 million. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $64.4 billion and non-U.S. commercial real estate loans of $5.9 billion. (5) Total outstandings includes loans and leases pledged as collateral of $33.9 billion. The Corporation also pledged $316.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank. 30-59 Days (1) 60-89 Days Past Due (1) 90 Days or (1) Total Past Total Current or Less Than 30 Days Past Due (1) Loans Total Outstandings (Dollars in millions) December 31, 2023 Consumer real estate Residential mortgage $ 1,177 $ 302 $ 829 $ 2,308 $ 226,095 $ 228,403 Home equity 90 38 161 289 25,238 25,527 Credit card and other consumer Credit card 680 515 1,224 2,419 99,781 102,200 Direct/Indirect consumer (2) 306 99 91 496 102,972 103,468 Other consumer — — — — 124 124 Total consumer 2,253 954 2,305 5,512 454,210 459,722 Consumer loans accounted for under the fair value option (3) $ 243 243 Total consumer loans and leases 2,253 954 2,305 5,512 454,210 243 459,965 Commercial U.S. commercial 477 96 225 798 358,133 358,931 Non-U.S. commercial 86 21 64 171 124,410 124,581 Commercial real estate (4) 247 133 505 885 71,993 72,878 Commercial lease financing 44 8 24 76 14,778 14,854 U.S. small business commercial 166 89 184 439 18,758 19,197 Total commercial 1,020 347 1,002 2,369 588,072 590,441 Commercial loans accounted for under the fair value option (3) 3,326 3,326 Total commercial loans and leases 1,020 347 1,002 2,369 588,072 3,326 593,767 Total loans and leases (5) $ 3,273 $ 1,301 $ 3,307 $ 7,881 $ 1,042,282 $ 3,569 $ 1,053,732 Percentage of outstandings 0.31 % 0.12 % 0.31 % 0.75 % 98.91 % 0.34 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $198 million and nonperforming loans of $150 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $77 million and nonperforming loans of $102 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $252 million and nonperforming loans of $738 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $39 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $53.9 billion, U.S. securities-based lending loans of $46.0 billion and non-U.S. consumer loans of $2.8 billion. (3) Consumer loans accounted for under the fair value option includes residential mortgage loans of $66 million and home equity loans of $177 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.2 billion and non-U.S. commercial loans of $1.2 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $66.8 billion and non-U.S. commercial real estate loans of $6.1 billion. (5) Total outstandings includes loans and leases pledged as collateral of $33.7 billion. The Corporation also pledged $246.0 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
Schedule of Financing Receivables, Non Accrual Status	The following table presents the Corporation’s nonperforming loans and leases and loans accruing past due 90 days or more at June 30, 2024 and December 31, 2023. Nonperforming loans held-for-sale (LHFS) are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K . Credit Quality Nonperforming Loans Accruing Past Due (Dollars in millions) June 30 2024 December 31 2023 June 30 2024 December 31 2023 Residential mortgage (1) $ 2,097 $ 2,114 $ 211 $ 252 With no related allowance (2) 1,952 1,974 — — Home equity (1) 422 450 — — With no related allowance (2) 352 375 — — Credit Card n/a n/a 1,257 1,224 Direct/indirect consumer 152 148 6 2 Total consumer 2,671 2,712 1,474 1,478 U.S. commercial 700 636 68 51 Non-U.S. commercial 90 175 3 4 Commercial real estate 1,971 1,927 59 32 Commercial lease financing 19 19 7 7 U.S. small business commercial 22 16 189 184 Total commercial 2,802 2,773 326 278 Total nonperforming loans $ 5,473 $ 5,485 $ 1,800 $ 1,756 Percentage of outstanding loans and leases 0.52 % 0.52 % 0.17 % 0.17 % (1) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2024 and December 31, 2023 residential mortgage included $125 million and $156 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $86 million and $96 million of loans on which interest was still accruing. (2) Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date. n/a = not applicable
Financing Receivable Credit Quality Indicators	The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at June 30, 2024. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2024 2023 2022 2021 2020 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 214,338 $ 8,287 $ 14,200 $ 37,386 $ 74,005 $ 33,814 $ 46,646 Greater than 90 percent but less than or equal to 100 percent 2,118 337 620 786 258 45 72 Greater than 100 percent 920 200 272 302 82 23 41 Fully-insured loans 10,494 335 240 320 3,287 2,703 3,609 Total Residential Mortgage $ 227,870 $ 9,159 $ 15,332 $ 38,794 $ 77,632 $ 36,585 $ 50,368 Residential Mortgage Refreshed FICO score Less than 620 $ 2,449 $ 75 $ 139 $ 479 $ 626 $ 406 $ 724 Greater than or equal to 620 and less than 680 4,588 127 359 888 1,181 716 1,317 Greater than or equal to 680 and less than 740 22,503 847 1,827 4,165 6,511 3,541 5,612 Greater than or equal to 740 187,836 7,775 12,767 32,942 66,027 29,219 39,106 Fully-insured loans 10,494 335 240 320 3,287 2,703 3,609 Total Residential Mortgage $ 227,870 $ 9,159 $ 15,332 $ 38,794 $ 77,632 $ 36,585 $ 50,368 Gross charge-offs for the six months ended June 30, 2024 $ 13 $ — $ 1 $ 2 $ 2 $ 1 $ 7 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) June 30, 2024 Home Equity Refreshed LTV Less than or equal to 90 percent $ 25,290 $ 959 $ 20,708 $ 3,623 Greater than 90 percent but less than or equal to 100 percent 78 20 51 7 Greater than 100 percent 74 27 34 13 Total Home Equity $ 25,442 $ 1,006 $ 20,793 $ 3,643 Home Equity Refreshed FICO score Less than 620 $ 645 $ 97 $ 282 $ 266 Greater than or equal to 620 and less than 680 1,087 111 620 356 Greater than or equal to 680 and less than 740 4,293 211 3,226 856 Greater than or equal to 740 19,417 587 16,665 2,165 Total Home Equity $ 25,442 $ 1,006 $ 20,793 $ 3,643 Gross charge-offs for the six months ended June 30, 2024 $ 6 $ — $ 3 $ 3 (1) Includes reverse mortgages of $694 million and home equity loans of $312 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/ Revolving Loans 2024 2023 2022 2021 2020 Prior Total Credit Card as of June 30, Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 1,354 $ 11 $ 93 $ 394 $ 441 $ 287 $ 66 $ 62 $ 5,450 $ 5,102 $ 348 Greater than or equal to 620 and less than 680 2,382 10 346 829 645 371 91 90 11,260 10,947 313 Greater than or equal to 680 and less than 740 8,022 43 1,465 2,719 2,028 1,160 326 281 33,696 33,424 272 Greater than or equal to 740 42,000 68 9,183 13,722 9,753 5,576 1,948 1,750 49,044 48,984 60 Other internal credit metrics (2,3) 50,076 49,487 70 55 159 68 37 200 — — — Total credit card and other $ 103,834 $ 49,619 $ 11,157 $ 17,719 $ 13,026 $ 7,462 $ 2,468 $ 2,383 $ 99,450 $ 98,457 $ 993 Gross charge-offs for the six $ 191 $ 3 $ 5 $ 70 $ 59 $ 29 $ 7 $ 18 $ 2,151 $ 2,063 $ 88 (1) Represents loans that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $49.5 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at June 30, 2024. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of 2024 2023 2022 2021 2020 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 356,198 $ 19,304 $ 37,676 $ 37,500 $ 23,372 $ 11,968 $ 37,546 $ 188,832 Reservable criticized 12,941 23 664 1,222 949 413 1,628 8,042 Total U.S. Commercial $ 369,139 $ 19,327 $ 38,340 $ 38,722 $ 24,321 $ 12,381 $ 39,174 $ 196,874 Gross charge-offs for the six months ended $ 174 $ 1 $ 12 $ 51 $ 6 $ 3 $ 6 $ 95 Non-U.S. Commercial Risk ratings Pass rated $ 120,532 $ 8,476 $ 15,338 $ 13,013 $ 13,995 $ 1,337 $ 7,228 $ 61,145 Reservable criticized 1,651 — 91 97 222 18 134 1,089 Total Non-U.S. Commercial $ 122,183 $ 8,476 $ 15,429 $ 13,110 $ 14,217 $ 1,355 $ 7,362 $ 62,234 Gross charge-offs for the six months ended $ 1 $ — $ — $ — $ — $ — $ — $ 1 Commercial Real Estate Risk ratings Pass rated $ 61,996 $ 2,810 $ 4,905 $ 14,187 $ 11,244 $ 3,327 $ 14,965 $ 10,558 Reservable criticized 8,288 — 174 1,261 1,806 572 4,039 436 Total Commercial Real Estate $ 70,284 $ 2,810 $ 5,079 $ 15,448 $ 13,050 $ 3,899 $ 19,004 $ 10,994 Gross charge-offs for the six months ended $ 582 $ — $ — $ 57 $ 7 $ 62 $ 435 $ 21 Commercial Lease Financing Risk ratings Pass rated $ 14,663 $ 1,699 $ 3,912 $ 2,706 $ 2,116 $ 1,293 $ 2,937 $ — Reservable criticized 211 1 39 44 32 25 70 — Total Commercial Lease Financing $ 14,874 $ 1,700 $ 3,951 $ 2,750 $ 2,148 $ 1,318 $ 3,007 $ — Gross charge-offs for the six months ended $ 1 $ — $ — $ — $ 1 $ — $ — $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 9,380 $ 909 $ 1,911 $ 1,745 $ 1,410 $ 719 $ 2,248 $ 438 Reservable criticized 423 3 36 97 122 27 134 4 Total U.S. Small Business Commercial $ 9,803 $ 912 $ 1,947 $ 1,842 $ 1,532 $ 746 $ 2,382 $ 442 Gross charge-offs for the six months ended $ 14 $ — $ — $ — $ — $ 4 $ 4 $ 6 Total $ 586,283 $ 33,225 $ 64,746 $ 71,872 $ 55,268 $ 19,699 $ 70,929 $ 270,544 Gross charge-offs for the six months ended $ 772 $ 1 $ 12 $ 108 $ 14 $ 69 $ 445 $ 123 (1) Excludes $3.0 billion of loans accounted for under the fair value option at June 30, 2024. (2) Excludes U.S. Small Business Card loans of $10.6 billion. Refreshed FICO scores for this portfolio are $619 million for less than 620; $1.1 billion for greater than or equal to 620 and less than 680; $2.9 billion for greater than or equal to 680 and less than 740; and $5.9 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $234 million. The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2023. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of 2023 2022 2021 2020 2019 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 214,661 $ 15,224 $ 38,225 $ 76,229 $ 35,072 $ 17,432 $ 32,479 Greater than 90 percent but less than or equal to 100 percent 1,994 698 911 286 53 25 21 Greater than 100 percent 785 264 342 100 31 14 34 Fully-insured loans 10,963 540 350 3,415 2,834 847 2,977 Total Residential Mortgage $ 228,403 $ 16,726 $ 39,828 $ 80,030 $ 37,990 $ 18,318 $ 35,511 Residential Mortgage Refreshed FICO score Less than 620 $ 2,335 $ 115 $ 471 $ 589 $ 402 $ 136 $ 622 Greater than or equal to 620 and less than 680 4,671 359 919 1,235 777 296 1,085 Greater than or equal to 680 and less than 740 23,357 1,934 4,652 6,988 3,742 1,836 4,205 Greater than or equal to 740 187,077 13,778 33,436 67,803 30,235 15,203 26,622 Fully-insured loans 10,963 540 350 3,415 2,834 847 2,977 Total Residential Mortgage $ 228,403 $ 16,726 $ 39,828 $ 80,030 $ 37,990 $ 18,318 $ 35,511 Gross charge-offs for the year ended December 31, 2023 $ 67 $ — $ 7 $ 12 $ 6 $ 2 $ 40 Home Equity - Credit Quality Indicators Total Home Equity Loans and Reverse Mortgages (1) Revolving Loans Revolving Loans Converted to Term Loans (Dollars in millions) December 31, 2023 Home Equity Refreshed LTV Less than or equal to 90 percent $ 25,378 $ 1,051 $ 20,380 $ 3,947 Greater than 90 percent but less than or equal to 100 percent 61 17 35 9 Greater than 100 percent 88 35 36 17 Total Home Equity $ 25,527 $ 1,103 $ 20,451 $ 3,973 Home Equity Refreshed FICO score Less than 620 $ 654 $ 123 $ 253 $ 278 Greater than or equal to 620 and less than 680 1,107 118 589 400 Greater than or equal to 680 and less than 740 4,340 240 3,156 944 Greater than or equal to 740 19,426 622 16,453 2,351 Total Home Equity $ 25,527 $ 1,103 $ 20,451 $ 3,973 Gross charge-offs for the year ended December 31, 2023 $ 36 $ 4 $ 21 $ 11 (1) Includes reverse mortgages of $763 million and home equity loans of $340 million, which are no longer originated. Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage Direct/Indirect Term Loans by Origination Year Credit Card (Dollars in millions) Total Direct/Indirect as of December 31, 2023 Revolving Loans 2023 2022 2021 2020 2019 Prior Total Credit Card as of December 31, 2023 Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 1,246 $ 11 $ 292 $ 428 $ 336 $ 85 $ 55 $ 39 $ 5,338 $ 5,030 $ 308 Greater than or equal to 620 and less than 680 2,506 11 937 799 501 121 73 64 11,623 11,345 278 Greater than or equal to 680 and less than 740 8,629 48 3,451 2,582 1,641 462 244 201 34,777 34,538 239 Greater than or equal to 740 41,656 74 16,761 11,802 7,643 2,707 1,417 1,252 50,462 50,410 52 Other internal credit metrics (2, 3) 49,431 48,764 106 183 110 53 57 158 — — — Total credit card and other $ 103,468 $ 48,908 $ 21,547 $ 15,794 $ 10,231 $ 3,428 $ 1,846 $ 1,714 $ 102,200 $ 101,323 $ 877 Gross charge-offs for the year $ 233 $ 5 $ 32 $ 95 $ 53 $ 15 $ 10 $ 23 $ 3,133 $ 3,013 $ 120 (1) Represents loans that were modified into term loans. (2) Other internal credit metrics may include delinquency status, geography or other factors. (3) Direct/indirect consumer includes $48.8 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2023. Commercial – Credit Quality Indicators By Vintage (1) Term Loans Amortized Cost Basis by Origination Year (Dollars in millions) Total as of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans U.S. Commercial Risk ratings Pass rated $ 347,563 $ 41,842 $ 43,290 $ 27,738 $ 13,495 $ 11,772 $ 29,923 $ 179,503 Reservable criticized 11,368 278 1,316 708 363 537 1,342 6,824 Total U.S. Commercial $ 358,931 $ 42,120 $ 44,606 $ 28,446 $ 13,858 $ 12,309 $ 31,265 $ 186,327 Gross charge-offs for the year ended $ 191 $ 5 $ 38 $ 29 $ 4 $ 2 $ 27 $ 86 Non-U.S. Commercial Risk ratings Pass rated $ 122,931 $ 17,053 $ 15,810 $ 15,256 $ 2,405 $ 2,950 $ 5,485 $ 63,972 Reservable criticized 1,650 50 184 294 90 158 74 800 Total Non-U.S. Commercial $ 124,581 $ 17,103 $ 15,994 $ 15,550 $ 2,495 $ 3,108 $ 5,559 $ 64,772 Gross charge-offs for the year ended $ 37 $ — $ — $ 8 $ 7 $ 1 $ — $ 21 Commercial Real Estate Risk ratings Pass rated $ 64,150 $ 4,877 $ 16,147 $ 11,810 $ 4,026 $ 7,286 $ 10,127 $ 9,877 Reservable criticized 8,728 134 749 1,728 782 2,132 2,794 409 Total Commercial Real Estate $ 72,878 $ 5,011 $ 16,896 $ 13,538 $ 4,808 $ 9,418 $ 12,921 $ 10,286 Gross charge-offs for the year ended $ 254 $ 2 $ — $ 4 $ — $ 59 $ 189 $ — Commercial Lease Financing Risk ratings Pass rated $ 14,688 $ 4,188 $ 3,077 $ 2,373 $ 1,349 $ 1,174 $ 2,527 $ — Reservable criticized 166 9 22 46 16 32 41 — Total Commercial Lease Financing $ 14,854 $ 4,197 $ 3,099 $ 2,419 $ 1,365 $ 1,206 $ 2,568 $ — Gross charge-offs for the year ended $ 2 $ — $ — $ 1 $ 1 $ — $ — $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 9,031 $ 1,886 $ 1,830 $ 1,550 $ 836 $ 721 $ 1,780 $ 428 Reservable criticized 384 6 64 95 40 63 113 3 Total U.S. Small Business Commercial $ 9,415 $ 1,892 $ 1,894 $ 1,645 $ 876 $ 784 $ 1,893 $ 431 Gross charge-offs for the year ended $ 43 $ 1 $ 2 $ 2 $ 19 $ 3 $ 4 $ 12 Total $ 580,659 $ 70,323 $ 82,489 $ 61,598 $ 23,402 $ 26,825 $ 54,206 $ 261,816 Gross charge-offs for the year ended $ 527 $ 8 $ 40 $ 44 $ 31 $ 65 $ 220 $ 119 (1) Excludes $3.3 billion of loans accounted for under the fair value option at December 31, 2023. (2) Excludes U.S. Small Business Card loans of $9.8 billion. Refreshed FICO scores for this portfolio are $530 million for less than 620; $1.1 billion for greater than or equal to 620 and less than 680; $2.7 billion for greater than or equal to 680 and less than 740; and $5.5 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $317 million.
Troubled Debt Restructurings on Financing Receivables	The table below provides the ending amortized cost of the Corporation’s modified consumer real estate loans for the three and six months ended June 30, 2024 and 2023. Consumer Real Estate - Modifications to Borrowers in Financial Difficulty Forbearance and Other Payment Plans Permanent Modification Total Forbearance and Other Payment Plans Permanent Modification Total (Dollars in millions) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Residential Loans $ 22 $ 73 $ 95 $ 38 $ 126 $ 164 Home Equity — 10 10 — 18 18 Total $ 22 $ 83 $ 105 $ 38 $ 144 $ 182 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Residential Loans $ 276 $ 44 $ 320 $ 348 $ 88 $ 436 Home Equity 41 9 50 53 18 71 Total $ 317 $ 53 $ 370 $ 401 $ 106 $ 507 The table below presents the financial effect of modified consumer real estate loans . Financial Effect of Modified Consumer Real Estate Loans Three Months Ended June 30 Six Months Ended June 30 2024 2023 2024 2023 Forbearance and Other Payment Plans Weighted-average duration Residential Mortgage 5 months 6 months 7 months 8 months Home Equity n/a 6 months n/a 9 months Permanent Modifications Weighted-average Term Extension Residential Mortgage 9.2 years 10.2 years 9.1 years 8.6 years Home Equity 18.4 years 16.9 years 17.4 years 15.2 years Weighted-average Interest Rate Reduction Residential Mortgage 1.34 % 1.62 % 1.32 % 1.57 % Home Equity 2.42 % 2.96 % 2.60 % 2.69 % Consumer Real Estate - Payment Status of Modifications to Borrowers in Financial Difficulty Current 30–89 Days Past Due 90+ Days Past Due Total (Dollars in millions) June 30, 2024 Residential mortgage $ 251 $ 71 $ 66 $ 388 Home equity 45 3 9 57 Total $ 296 $ 74 $ 75 $ 445 June 30, 2023 Residential mortgage $ 248 $ 105 $ 83 $ 436 Home equity 42 12 17 71 Total $ 290 $ 117 $ 100 $ 507 Commercial Loans - Modifications to Borrowers in Financial Difficulty Term Extension Forbearances Interest Rate Reduction Total Term Extension Forbearances Interest Rate Total (Dollars in millions) Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 U.S. commercial $ 470 $ 3 $ — $ 473 $ 875 $ 9 $ — $ 884 Non-U.S. commercial 29 — — 29 29 — — 29 Commercial real estate 176 271 — 447 665 552 36 1,253 Total $ 675 $ 274 $ — $ 949 $ 1,569 $ 561 $ 36 $ 2,166 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 U.S. commercial $ 325 $ 5 $ — $ 330 $ 503 $ 64 $ — $ 567 Non-U.S. commercial 121 — — 121 132 — — 132 Commercial real estate 266 96 — 362 519 96 — 615 Total $ 712 $ 101 $ — $ 813 $ 1,154 $ 160 $ — $ 1,314 Commercial - Payment Status of Modified Loans to Borrowers in Financial Difficulty % of Total Class of Financing Receivable Current 30–89 Days Past Due 90+ Days Past Due Total Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 (Dollars in millions) June 30, 2024 U.S. Commercial $ 1,191 $ 10 $ 12 $ 1,213 0.13 % 0.24 % Non-U.S. Commercial 177 — — 177 0.02 0.02 Commercial Real Estate 1,322 91 268 1,681 0.64 1.78 Total $ 2,690 $ 101 $ 280 $ 3,071 0.17 0.39 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 June 30, 2023 U.S. Commercial $ 497 $ 41 $ 29 $ 567 0.09 % 0.16 % Non-U.S. Commercial 132 — — 132 0.10 0.11 Commercial Real Estate 567 — 48 615 0.49 0.83 Total $ 1,196 $ 41 $ 77 $ 1,314 0.15 0.24
Changes in the Allowance for Credit Losses	The changes in the allowance for credit losses, including net charge-offs and provision for loan and lease losses, are detailed in the following table. Consumer Credit Card and Commercial Total (Dollars in millions) Three Months Ended June 30, 2024 Allowance for loan and lease losses, April 1 $ 355 $ 8,121 $ 4,737 $ 13,213 Loans and leases charged off (8) (1,267) (504) (1,779) Recoveries of loans and leases previously charged off 22 194 30 246 Net charge-offs 14 (1,073) (474) (1,533) Provision for loan and lease losses (22) 1,118 466 1,562 Other — 1 (5) (4) Allowance for loan and lease losses, June 30 347 8,167 4,724 13,238 Reserve for unfunded lending commitments, April 1 57 — 1,101 1,158 Provision for unfunded lending commitments (2) — (52) (54) Reserve for unfunded lending commitments, June 30 55 — 1,049 1,104 Allowance for credit losses, June 30 $ 402 $ 8,167 $ 5,773 $ 14,342 Three Months Ended June 30, 2023 Allowance for loan and lease losses, April 1 403 6,958 5,153 12,514 Loans and leases charged off (15) (924) (186) (1,125) Recoveries of loans and leases previously charged off 29 190 37 256 Net charge-offs 14 (734) (149) (869) Provision for loan and lease losses 8 1,099 202 1,309 Other 2 — (6) (4) Allowance for loan and lease losses, June 30 427 7,323 5,200 12,950 Reserve for unfunded lending commitments, April 1 93 — 1,344 1,437 Provision for unfunded lending commitments (7) — (43) (50) Other — — 1 1 Reserve for unfunded lending commitments, June 30 86 — 1,302 1,388 Allowance for credit losses, June 30 $ 513 $ 7,323 $ 6,502 $ 14,338 (Dollars in millions) Six Months Ended June 30, 2024 Allowance for loan and lease losses, January 1 $ 386 $ 8,134 $ 4,822 $ 13,342 Loans and leases charged off (19) (2,492) (1,006) (3,517) Recoveries of loans and leases previously charged off 43 381 62 486 Net charge-offs 24 (2,111) (944) (3,031) Provision for loan and lease losses (64) 2,144 852 2,932 Other 1 — (6) (5) Allowance for loan and lease losses, June 30 347 8,167 4,724 13,238 Reserve for unfunded lending commitments, January 1 82 — 1,127 1,209 Provision for unfunded lending commitments (27) — (78) (105) Reserve for unfunded lending commitments, June 30 55 — 1,049 1,104 Allowance for credit losses, June 30 $ 402 $ 8,167 $ 5,773 $ 14,342 Six Months Ended June 30, 2023 Allowance for loan and lease losses, December 31 $ 420 $ 6,817 $ 5,445 $ 12,682 January 1, 2023 adoption of credit loss standard (67) (109) (67) (243) Allowance for loan and lease losses, January 1 353 6,708 5,378 12,439 Loans and leases charged off (29) (1,785) (366) (2,180) Recoveries of loans and leases previously charged off 54 387 63 504 Net charge-offs 25 (1,398) (303) (1,676) Provision for loan and lease losses 42 2,012 155 2,209 Other 7 1 (30) (22) Allowance for loan and lease losses, June 30 427 7,323 5,200 12,950 Reserve for unfunded lending commitments, January 1 94 — 1,446 1,540 Provision for unfunded lending commitments (8) — (145) (153) Other — — 1 1 Reserve for unfunded lending commitments, June 30 86 — 1,302 1,388 Allowance for credit losses, June 30 $ 513 $ 7,323 $ 6,502 $ 14,338

Securitizations and Other Var_2

Securitizations and Other Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Mortgage Related Securitizations	The table below summarizes select information related to first-lien mortgage securitizations for the three and six months ended June 30, 2024 and 2023. First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage Three Months Ended June 30 Six Months Ended June 30 Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 Proceeds from loan sales (1) $ 964 $ 908 $ 2,173 $ 2,255 $ 5,723 $ 455 $ 7,032 $ 597 Gains (losses) on securitizations (2) (2) 1 (2) (4) 69 (1) 88 2 Repurchases from securitization trusts (3) 8 5 16 14 — — — — (1) The Corporation transfers residential mortgage loans to securitizations sponsored primarily by the GSEs or GNMA in the normal course of business and primarily receives residential mortgage-backed securities in exchange. Substantially all of these securities are classified as Level 2 within the fair value hierarchy and are typically sold shortly after receipt. (2) A majority of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. Gains recognized on these LHFS prior to securitization, which totaled $8 million and $13 million, net of hedges, during the three and six months ended June 30, 2024 compared to $7 million and $17 million for the same periods in 2023, are not included in the table above. (3) The Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make. The Corporation may also repurchase loans from securitization trusts to perform modifications. Repurchased loans include FHA-insured mortgages collateralizing GNMA securities.
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes the maximum loss exposure and assets held by the Corporation that related to other asset-backed VIEs at June 30, 2024 and December 31, 2023. Other Asset-backed VIEs Credit Card and Automobile (1) Resecuritization Trusts and Customer VIEs Municipal Bond Trusts Investment VIEs and Leveraged Lease Trusts (Dollars in millions) June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 Unconsolidated VIEs Maximum loss exposure $ — $ — $ 5,037 $ 4,494 $ 1,874 $ 1,787 $ 2,160 $ 2,197 On-balance sheet assets Securities (2) : Trading account assets $ — $ — $ 1,301 $ 626 $ 25 $ 23 $ 298 $ 469 Debt securities carried at fair value — — 852 920 — — 4 4 Held-to-maturity securities — — 2,110 2,237 — — — — Loans and leases — — — — — — 68 90 Allowance for loan and lease losses — — — — — — (4) (12) All other assets — — 774 711 6 7 1,299 1,168 Total retained positions $ — $ — $ 5,037 $ 4,494 $ 31 $ 30 $ 1,665 $ 1,719 Total assets of VIEs $ — $ — $ 16,727 $ 15,862 $ 7,531 $ 9,279 $ 20,708 $ 18,398 Consolidated VIEs Maximum loss exposure $ 9,433 $ 8,127 $ 497 $ 1,240 $ 3,539 $ 3,136 $ 1,084 $ 1,596 On-balance sheet assets Trading account assets $ — $ — $ 1,018 $ 1,798 $ 3,512 $ 3,084 $ 2 $ 1 Debt securities carried at fair value — — — — 27 52 — — Loans and leases 18,729 16,640 — — — — 1,071 1,605 Allowance for loan and lease losses (922) (832) — — — — (1) (1) All other assets 200 163 39 38 — — 14 15 Total assets $ 18,007 $ 15,971 $ 1,057 $ 1,836 $ 3,539 $ 3,136 $ 1,086 $ 1,620 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ 3,343 $ 2,934 $ — $ 23 Long-term debt 8,552 7,825 560 596 — — 2 1 All other liabilities 22 19 — — — — — — Total liabilities $ 8,574 $ 7,844 $ 560 $ 596 $ 3,343 $ 2,934 $ 2 $ 24 (1) At June 30, 2024 and December 31, 2023 loans and leases in the consolidated credit card trust included $4.4 billion and $3.2 billion of seller’s interest. (2) The retained senior securities were valued using quoted market prices or observable market inputs (Level 2 of the fair value hierarchy).
Mortgage And Home Equity Securitizations
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes select information related to mortgage and home equity securitization trusts in which the Corporation held a variable interest and had continuing involvement at June 30, 2024 and December 31, 2023. Mortgage and Home Equity Securitizations Residential Mortgage Non-agency Agency Prime and Alt-A Subprime Home Equity (3) Commercial Mortgage (Dollars in millions) June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 June 30 December 31 Unconsolidated VIEs Maximum loss exposure (1) $ 7,836 $ 8,190 $ 86 $ 92 $ 602 $ 657 $ — $ — $ 1,622 $ 1,558 On-balance sheet assets Senior securities: Trading account assets $ 275 $ 235 $ 10 $ 13 $ 20 $ 20 $ — $ — $ 238 $ 70 Debt securities carried at fair value 2,345 2,541 — — 290 341 — — — — Held-to-maturity securities 5,216 5,414 — — — — — — 1,262 1,287 All other assets — — 2 4 22 23 — — 32 79 Total retained positions $ 7,836 $ 8,190 $ 12 $ 17 $ 332 $ 384 $ — $ — $ 1,532 $ 1,436 Principal balance outstanding (2) $ 72,470 $ 76,134 $ 13,336 $ 13,963 $ 4,454 $ 4,508 $ 208 $ 252 $ 88,813 $ 80,078 Consolidated VIEs Maximum loss exposure (1) $ 1,115 $ 1,164 $ — $ — $ — $ — $ 11 $ 12 $ — $ — On-balance sheet assets Trading account assets $ 1,115 $ 1,171 $ — $ — $ — $ — $ — $ — $ — $ — Loans and leases — — — — — — 27 31 — — Allowance for loan and lease — — — — — — 6 7 — — All other assets — — — — — — 1 1 — — Total assets $ 1,115 $ 1,171 $ — $ — $ — $ — $ 34 $ 39 $ — $ — Total liabilities $ — $ 7 $ — $ — $ — $ — $ 23 $ 27 $ — $ — (1) Maximum loss exposure includes obligations under loss-sharing reinsurance and other arrangements for non-agency residential mortgage and commercial mortgage securitizations, but excludes the reserve for representations and warranties obligations and corporate guarantees and also excludes servicing advances and other servicing rights and obligations. For more information, see Note 10 – Commitments and Contingencies and Note 14 – Fair Value Measurements . (2) Principal balance outstanding includes loans where the Corporation was the transferor to securitization VIEs with which it has continuing involvement, which may include servicing the loans. (3) For unconsolidated home equity loan VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves. For both consolidated and unconsolidated home equity loan VIEs, the maximum loss exposure excludes the reserve for representations and warranties obligations and corporate guarantees. For more information, see Note 10 – Commitments and Contingencies .
Tax Credit Vehicles
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes select information related to unconsolidated tax credit VIEs in which the Corporation held a variable interest at June 30, 2024 and December 31, 2023. Unconsolidated Tax Credit VIEs (Dollars in millions) June 30 December 31 Maximum loss exposure $ 29,594 $ 30,040 On-balance sheet assets All other assets $ 29,594 $ 30,040 Total $ 29,594 $ 30,040 On-balance sheet liabilities All other liabilities $ 7,396 $ 7,254 Total $ 7,396 $ 7,254 Total assets of VIEs $ 83,334 $ 84,148

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The table below presents goodwill balances by business segment at June 30, 2024 and December 31, 2023. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. The Corporation completed its annual goodwill impairment test as of June 30, 2024 by using a qualitative assessment. Based on the assessment, the Corporation has concluded that none of its reporting units are at risk of impairment, as each of the reporting units’ fair values are substantially in excess of their carrying values. For more information regarding the nature of and accounting for the Corporation’s annual goodwill impairment testing, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Goodwill (Dollars in millions) June 30 2024 December 31 2023 Consumer Banking $ 30,137 $ 30,137 Global Wealth & Investment Management 9,677 9,677 Global Banking 24,026 24,026 Global Markets 5,181 5,181 Total goodwill $ 69,021 $ 69,021

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Net Investment in Sales-type and Direct Financing Leases	The table below presents the net investment in sales-type and direct financing leases at June 30, 2024 and December 31, 2023. Net Investment (1) (Dollars in millions) June 30 December 31 Lease receivables $ 17,068 $ 16,565 Unguaranteed residuals 2,430 2,485 Total net investment in sales-type and direct $ 19,498 $ 19,050 (1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $7.3 billion and $6.8 billion at June 30, 2024 and December 31, 2023.
Sales-type Lease, Lease Income	The table below presents lease income for the three and six months ended June 30, 2024 and 2023. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Sales-type and direct financing $ 262 $ 181 $ 512 $ 353 Operating leases 227 234 454 472 Total lease income $ 489 $ 415 $ 966 $ 825
Operating Lease, Lease Income	The table below presents lease income for the three and six months ended June 30, 2024 and 2023. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Sales-type and direct financing $ 262 $ 181 $ 512 $ 353 Operating leases 227 234 454 472 Total lease income $ 489 $ 415 $ 966 $ 825
Direct Financing Lease, Lease Income	The table below presents lease income for the three and six months ended June 30, 2024 and 2023. Lease Income Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Sales-type and direct financing $ 262 $ 181 $ 512 $ 353 Operating leases 227 234 454 472 Total lease income $ 489 $ 415 $ 966 $ 825
Supplemental Information	The table below provides information on the right-of-use assets and lease liabilities at June 30, 2024 and December 31, 2023. Lessee Arrangements (Dollars in millions) June 30 December 31 Right-of-use assets $ 8,707 $ 9,150 Lease liabilities 9,310 9,782

Securities Financing Agreemen_2

Securities Financing Agreements, Collateral and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2024
Offsetting Liabilities [Line Items]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings	The following tables present securities sold under agreements to repurchase and securities loaned by remaining contractual term to maturity and class of collateral pledged. Included in “Other” are transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. Certain agreements contain a right to substitute collateral and/or terminate the agreement prior to maturity at the option of the Corporation or the counterparty. Such agreements are included in the table below based on the remaining contractual term to maturity. For more information on collateral requirements, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Remaining Contractual Maturity Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater than 90 Days (1) Total (Dollars in millions) June 30, 2024 Securities sold under agreements to repurchase $ 259,817 $ 232,017 $ 95,737 $ 109,075 $ 696,646 Securities loaned 79,861 284 1,005 7,940 89,090 Other 12,773 — — — 12,773 Total $ 352,451 $ 232,301 $ 96,742 $ 117,015 $ 798,509 December 31, 2023 Securities sold under agreements to repurchase $ 234,974 $ 228,627 $ 85,176 $ 75,020 $ 623,797 Securities loaned 76,580 139 618 5,770 83,107 Other 10,066 — — — 10,066 Total $ 321,620 $ 228,766 $ 85,794 $ 80,790 $ 716,970 (1) No agreements have maturities greater than four years. Class of Collateral Pledged Securities Sold Under Agreements to Repurchase Securities Other Total (Dollars in millions) June 30, 2024 U.S. government and agency securities $ 380,642 $ 138 $ 23 $ 380,803 Corporate securities, trading loans and other 32,720 1,889 865 35,474 Equity securities 25,946 87,031 11,885 124,862 Non-U.S. sovereign debt 251,899 32 — 251,931 Mortgage trading loans and ABS 5,439 — — 5,439 Total $ 696,646 $ 89,090 $ 12,773 $ 798,509 December 31, 2023 U.S. government and agency securities $ 352,950 $ 34 $ 38 $ 353,022 Corporate securities, trading loans and other 23,242 1,805 661 25,708 Equity securities 11,517 81,266 9,367 102,150 Non-U.S. sovereign debt 231,140 2 — 231,142 Mortgage trading loans and ABS 4,948 — — 4,948 Total $ 623,797 $ 83,107 $ 10,066 $ 716,970
Securities Borrowed And Securities Purchased Under Agreements To Resell
Offsetting Liabilities [Line Items]
Offsetting Assets	The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at June 30, 2024 and December 31, 2023. Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives. For more information on the securities financing agreements and the offsetting of securities financing transactions, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) June 30, 2024 Securities borrowed or purchased under agreements to resell (3) $ 755,382 $ (417,630) $ 337,752 $ (309,130) $ 28,622 Securities loaned or sold under agreements to repurchase $ 785,736 $ (417,630) $ 368,106 $ (346,566) $ 21,540 Other (4) 12,773 — 12,773 (12,773) — Total $ 798,509 $ (417,630) $ 380,879 $ (359,339) $ 21,540 December 31, 2023 Securities borrowed or purchased under agreements to resell (3) $ 703,641 $ (423,017) $ 280,624 $ (257,541) $ 23,083 Securities loaned or sold under agreements to repurchase $ 706,904 $ (423,017) $ 283,887 $ (272,285) $ 11,602 Other (4) 10,066 — 10,066 (10,066) — Total $ 716,970 $ (423,017) $ 293,953 $ (282,351) $ 11,602 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $12.6 billion and $8.7 billion reported in loans and leases on the Consolidated Balance Sheet for June 30, 2024 and December 31, 2023. (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities.
Securities Loaned And Financial Assets Sold Under Agreements To Repurchase
Offsetting Liabilities [Line Items]
Offsetting Liabilities	The Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at June 30, 2024 and December 31, 2023. Balances are presented on a gross basis, prior to the application of counterparty netting. Gross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements. For more information on the offsetting of derivatives, see Note 3 – Derivatives. For more information on the securities financing agreements and the offsetting of securities financing transactions, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) June 30, 2024 Securities borrowed or purchased under agreements to resell (3) $ 755,382 $ (417,630) $ 337,752 $ (309,130) $ 28,622 Securities loaned or sold under agreements to repurchase $ 785,736 $ (417,630) $ 368,106 $ (346,566) $ 21,540 Other (4) 12,773 — 12,773 (12,773) — Total $ 798,509 $ (417,630) $ 380,879 $ (359,339) $ 21,540 December 31, 2023 Securities borrowed or purchased under agreements to resell (3) $ 703,641 $ (423,017) $ 280,624 $ (257,541) $ 23,083 Securities loaned or sold under agreements to repurchase $ 706,904 $ (423,017) $ 283,887 $ (272,285) $ 11,602 Other (4) 10,066 — 10,066 (10,066) — Total $ 716,970 $ (423,017) $ 293,953 $ (282,351) $ 11,602 (1) Includes activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries. (2) Includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement. These amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to derive a net asset or liability. Securities collateral received or pledged where the legal enforceability of the master netting agreements is uncertain is excluded from the table. (3) Excludes repurchase activity of $12.6 billion and $8.7 billion reported in loans and leases on the Consolidated Balance Sheet for June 30, 2024 and December 31, 2023. (4) Balance is reported in accrued expenses and other liabilities on the Consolidated Balance Sheet and relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold. In these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Credit Extension Commitment Expirations	The following table includes the notional amount of commitments of $3.2 billion and $2.6 billion at June 30, 2024 and December 31, 2023 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $73 million and $67 million at June 30, 2024 and December 31, 2023, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 15 – Fair Value Option. Credit Extension Commitments Expire in One Expire After One Expire After Three Years Through Expire After Total (Dollars in millions) June 30, 2024 Notional amount of credit extension commitments Loan commitments (1) $ 122,111 $ 214,908 $ 184,093 $ 17,930 $ 539,042 Home equity lines of credit 3,407 10,109 9,910 21,849 45,275 Standby letters of credit and financial guarantees (2) 21,830 8,871 2,779 586 34,066 Letters of credit 776 141 63 59 1,039 Other commitments (3) 13 33 103 1,036 1,185 Legally binding commitments 148,137 234,062 196,948 41,460 620,607 Credit card lines (4) 452,638 — — — 452,638 Total credit extension commitments $ 600,775 $ 234,062 $ 196,948 $ 41,460 $ 1,073,245 December 31, 2023 Notional amount of credit extension commitments Loan commitments (1) $ 124,298 $ 198,818 $ 193,878 $ 15,386 $ 532,380 Home equity lines of credit 2,775 9,182 11,195 21,975 45,127 Standby letters of credit and financial guarantees (2) 21,067 9,633 2,693 652 34,045 Letters of credit 873 207 66 29 1,175 Other commitments (3) 17 50 108 1,035 1,210 Legally binding commitments 149,030 217,890 207,940 39,077 613,937 Credit card lines (4) 440,328 — — — 440,328 Total credit extension commitments $ 589,358 $ 217,890 $ 207,940 $ 39,077 $ 1,054,265 (1) At June 30, 2024 and December 31, 2023, $4.6 billion and $3.1 billion of these loan commitments were held in the form of a security. (2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $23.4 billion and $9.8 billion at June 30, 2024, and $23.6 billion and $9.7 billion at December 31, 2023. Amounts in the table include consumer SBLCs of $864 million and $744 million at June 30, 2024 and December 31, 2023. (3) Primarily includes second-loss positions on lease-end residual value guarantees. (4) Includes business card unused lines of credit.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Dividends	Declared Quarterly Cash Dividends on Common Stock (1) Declaration Date Record Date Payment Date Dividend Per Share July 24, 2024 September 6, 2024 September 27, 2024 $ 0.26 April 25, 2024 June 7, 2024 June 28, 2024 0.24 January 31, 2024 March 1, 2024 March 29, 2024 0.24 (1) In 2024, and through July 30, 2024.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Accumulated OCI	The table below presents the changes in accumulated OCI after-tax for the six months ended June 30, 2024 and 2023. (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2022 $ (2,983) $ (881) $ (11,935) $ (4,309) $ (1,048) $ (21,156) Net change 723 (394) 49 19 17 414 Balance, June 30, 2023 $ (2,260) $ (1,275) $ (11,886) $ (4,290) $ (1,031) $ (20,742) Balance, December 31, 2023 $ (2,410) $ (1,567) $ (8,016) $ (4,748) $ (1,047) $ (17,788) Net change 27 (135) 270 48 (51) 159 Balance, June 30, 2024 $ (2,383) $ (1,702) $ (7,746) $ (4,700) $ (1,098) $ (17,629)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	The following table presents the net change in fair value recorded in accumulated OCI, net realized gains and losses reclassified into earnings and other changes for each component of OCI pre- and after-tax for the six months ended June 30, 2024 and 2023. Pretax Tax After- Pretax Tax After- Six Months Ended June 30 (Dollars in millions) 2024 2023 Debt securities: Net increase (decrease) in fair value $ 54 $ (17) $ 37 $ 557 $ (137) $ 420 Net realized (gains) losses reclassified into earnings (1) (14) 4 (10) 404 (101) 303 Net change 40 (13) 27 961 (238) 723 Debit valuation adjustments: Net increase (decrease) in fair value (188) 47 (141) (526) 129 (397) Net realized (gains) losses reclassified into earnings (1) 9 (3) 6 4 (1) 3 Net change (179) 44 (135) (522) 128 (394) Derivatives: Net increase (decrease) in fair value (1,027) 259 (768) (280) 73 (207) Reclassifications into earnings: Net interest income 1,342 (336) 1,006 352 (88) 264 Market making and similar activities 59 (14) 45 — — — Compensation and benefits expense (17) 4 (13) (11) 3 (8) Net realized (gains) losses reclassified into earnings 1,384 (346) 1,038 341 (85) 256 Net change 357 (87) 270 61 (12) 49 Employee benefit plans: Net actuarial losses and other reclassified into earnings (2) 61 (13) 48 27 (8) 19 Net change 61 (13) 48 27 (8) 19 Foreign currency: Net increase (decrease) in fair value 276 (327) (51) (97) 114 17 Net realized (gains) losses reclassified into earnings (1) — — — (1) 1 — Net change 276 (327) (51) (98) 115 17 Total other comprehensive income (loss) $ 555 $ (396) $ 159 $ 429 $ (15) $ 414 (1) Reclassifications of pretax debt securities, DVA and foreign currency (gains) losses are recorded in other income in the Consolidated Statement of Income. (2) Reclassifications of pretax employee benefit plan costs are recorded in other general operating expense in the Consolidated Statement of Income.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Calculation of earnings per common share and diluted earnings per common share	The calculation of earnings per common share (EPS) and diluted EPS for the three and six months ended June 30, 2024 and 2023 is presented below. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K. Three Months Ended June 30 Six Months Ended June 30 (In millions, except per share information) 2024 2023 2024 2023 Earnings per common share Net income $ 6,897 $ 7,408 $ 13,571 $ 15,569 Preferred stock dividends (315) (306) (847) (811) Net income applicable to common shareholders $ 6,582 $ 7,102 $ 12,724 $ 14,758 Average common shares issued and outstanding 7,897.9 8,040.9 7,933.3 8,053.5 Earnings per common share $ 0.83 $ 0.88 $ 1.60 $ 1.83 Diluted earnings per common share Net income applicable to common shareholders $ 6,582 $ 7,102 $ 12,724 $ 14,758 Add preferred stock dividends due to assumed conversions — — — 111 Net income allocated to common shareholders $ 6,582 $ 7,102 $ 12,724 $ 14,869 Average common shares issued and outstanding 7,897.9 8,040.9 7,933.3 8,053.5 Dilutive potential common shares (1) 63.0 39.8 62.9 109.1 Total diluted average common shares issued and outstanding 7,960.9 8,080.7 7,996.2 8,162.6 Diluted earnings per common share $ 0.83 $ 0.88 $ 1.59 $ 1.82 (1) Includes incremental dilutive shares from preferred stock, restricted stock units, restricted stock and warrants.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Assets and Liabilities Carried at Fair Value on a Recurring Basis	Assets and liabilities carried at fair value on a recurring basis at June 30, 2024 and December 31, 2023, including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. June 30, 2024 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 1,204 $ — $ — $ — $ 1,204 Federal funds sold and securities borrowed or purchased under agreements to resell — 474,966 — (307,131) 167,835 Trading account assets: U.S. Treasury and government agencies 53,509 456 — — 53,965 Corporate securities, trading loans and other — 47,917 1,816 — 49,733 Equity securities 65,030 33,433 231 — 98,694 Non-U.S. sovereign debt 14,892 33,788 323 — 49,003 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 45,030 9 — 45,039 Mortgage trading loans, ABS and other MBS — 9,068 964 — 10,032 Total trading account assets (2) 133,431 169,692 3,343 — 306,466 Derivative assets 17,747 261,640 3,916 (247,347) 35,956 AFS debt securities: U.S. Treasury and government agencies 199,372 908 — — 200,280 Mortgage-backed securities: Agency — 35,362 — — 35,362 Agency-collateralized mortgage obligations — 9,444 — — 9,444 Non-agency residential — 152 133 — 285 Commercial — 11,851 170 — 12,021 Non-U.S. securities 661 20,646 78 — 21,385 Other taxable securities — 2,194 — — 2,194 Tax-exempt securities — 10,324 — — 10,324 Total AFS debt securities 200,033 90,881 381 — 291,295 Other debt securities carried at fair value: U.S. Treasury and government agencies 1,843 — — — 1,843 Non-agency residential MBS — 203 53 — 256 Non-U.S. and other securities 905 6,752 — — 7,657 Total other debt securities carried at fair value 2,748 6,955 53 — 9,756 Loans and leases — 3,108 89 — 3,197 Loans held-for-sale — 1,439 133 — 1,572 Other assets (3) 10,309 3,305 1,700 — 15,314 Total assets (4) $ 365,472 $ 1,011,986 $ 9,615 $ (554,478) $ 832,595 Liabilities Interest-bearing deposits in U.S. offices $ — $ 370 $ — $ — $ 370 Federal funds purchased and securities loaned or sold under agreements to repurchase — 521,850 — (307,131) 214,719 Trading account liabilities: U.S. Treasury and government agencies 12,477 — — — 12,477 Equity securities 43,110 6,193 11 — 49,314 Non-U.S. sovereign debt 17,213 9,414 — — 26,627 Corporate securities and other — 11,851 72 — 11,923 Mortgage trading loans and ABS — 4 — — 4 Total trading account liabilities 72,800 27,462 83 — 100,345 Derivative liabilities 21,969 264,696 6,282 (252,439) 40,508 Short-term borrowings — 7,192 8 — 7,200 Accrued expenses and other liabilities 11,515 3,541 8 — 15,064 Long-term debt — 46,287 588 — 46,875 Total liabilities (4) $ 106,284 $ 871,398 $ 6,969 $ (559,570) $ 425,081 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $12.8 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. Trading account assets also includes certain commodities inventory of $313 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs, which are classified as Level 3 assets, of $989 million. (4) Total recurring Level 3 assets were 0.30 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.24 percent of total consolidated liabilities. December 31, 2023 Fair Value Measurements (Dollars in millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Assets/Liabilities at Fair Value Assets Time deposits placed and other short-term investments $ 1,181 $ — $ — $ — $ 1,181 Federal funds sold and securities borrowed or purchased under agreements to resell — 436,340 — (303,287) 133,053 Trading account assets: U.S. Treasury and government agencies 65,160 1,963 — — 67,123 Corporate securities, trading loans and other — 41,462 1,689 — 43,151 Equity securities 47,431 41,380 187 — 88,998 Non-U.S. sovereign debt 5,517 21,195 396 — 27,108 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 38,802 2 — 38,804 Mortgage trading loans, ABS and other MBS — 10,955 1,215 — 12,170 Total trading account assets (2) 118,108 155,757 3,489 — 277,354 Derivative assets 14,676 272,244 3,422 (251,019) 39,323 AFS debt securities: U.S. Treasury and government agencies 176,764 902 — — 177,666 Mortgage-backed securities: Agency — 37,812 — — 37,812 Agency-collateralized mortgage obligations — 2,544 — — 2,544 Non-agency residential — 109 273 — 382 Commercial — 10,435 — — 10,435 Non-U.S. securities 1,093 21,679 103 — 22,875 Other taxable securities — 4,835 — — 4,835 Tax-exempt securities — 10,100 — — 10,100 Total AFS debt securities 177,857 88,416 376 — 266,649 Other debt securities carried at fair value: U.S. Treasury and government agencies 1,690 — — — 1,690 Non-agency residential MBS — 211 69 — 280 Non-U.S. and other securities 1,786 6,447 — — 8,233 Total other debt securities carried at fair value 3,476 6,658 69 — 10,203 Loans and leases — 3,476 93 — 3,569 Loans held-for-sale — 1,895 164 — 2,059 Other assets (3) 8,052 2,152 1,657 — 11,861 Total assets (4) $ 323,350 $ 966,938 $ 9,270 $ (554,306) $ 745,252 Liabilities Interest-bearing deposits in U.S. offices $ — $ 284 $ — $ — $ 284 Federal funds purchased and securities loaned or sold under agreements to repurchase — 481,896 — (303,287) 178,609 Trading account liabilities: U.S. Treasury and government agencies 14,908 65 — — 14,973 Equity securities 51,772 4,710 12 — 56,494 Non-U.S. sovereign debt 9,390 6,997 — — 16,387 Corporate securities and other — 7,637 39 — 7,676 Total trading account liabilities 76,070 19,409 51 — 95,530 Derivative liabilities 14,375 280,908 5,916 (257,767) 43,432 Short-term borrowings — 4,680 10 — 4,690 Accrued expenses and other liabilities 8,969 2,483 21 — 11,473 Long-term debt — 42,195 614 — 42,809 Total liabilities (4) $ 99,414 $ 831,855 $ 6,612 $ (561,054) $ 376,827 (1) Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties. (2) Includes securities with a fair value of $18.0 billion that were segregated in compliance with securities regulations or deposited with clearing organizations. This amount is included in the parenthetical disclosure on the Consolidated Balance Sheet. Trading account assets also includes certain commodities inventory of $42 million that is accounted for at the lower of cost or net realizable value, which is the current selling price less any costs to sell. (3) Includes MSRs, which are classified as Level 3 assets, of $970 million. (4) Total recurring Level 3 assets were 0.29 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.23 percent of total consolidated liabilities.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three and six months ended June 30, 2024 and 2023, including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance April 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance June 30 Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Three Months Ended June 30, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,582 $ 17 $ (2) $ 185 $ (71) $ 20 $ (142) $ 317 $ (90) $ 1,816 $ (18) Equity securities 214 2 — 48 (15) — (1) — (17) 231 7 Non-U.S. sovereign debt 394 (9) (25) 15 (4) — (48) — — 323 (9) Mortgage trading loans, MBS and ABS 1,058 (23) — 101 (187) — (16) 92 (52) 973 (20) Total trading account assets 3,248 (13) (27) 349 (277) 20 (207) 409 (159) 3,343 (40) Net derivative assets (liabilities) (4) (2,668) 477 — 309 (243) — (287) (158) 204 (2,366) 460 AFS debt securities: Non-agency residential MBS 251 1 — — — — (2) — (117) 133 1 Commercial MBS — (6) 1 175 — — — — — 170 (6) Non-U.S. and other taxable securities 91 (8) — — — — (2) 1 (4) 78 (2) Total AFS debt securities 342 (13) 1 175 — — (4) 1 (121) 381 (7) Other debt securities carried at fair value – Non-agency residential MBS 71 (2) — — — — — — (16) 53 (2) Loans and leases (5,6) 90 1 — — — — (2) — — 89 — Loans held-for-sale (5) 149 — (3) — — — (13) — — 133 (3) Other assets (6,7) 1,668 85 (15) 18 — 27 (83) — — 1,700 57 Trading account liabilities – Equity securities (28) 2 — — — — 6 — 9 (11) — Trading account liabilities – Corporate securities and other (43) (15) — (1) (13) (1) 1 — — (72) (16) Short-term borrowings (5) (9) 1 — — — (9) 9 — — (8) 1 Accrued expenses and other liabilities (5) (19) (11) — 22 — — — — — (8) (11) Long-term debt (5) (611) 18 (2) — — — 7 — — (588) 18 Three Months Ended June 30, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ — $ 7 $ — Trading account assets: Corporate securities, trading loans and other 2,322 34 1 98 (35) — (308) 46 (58) 2,100 13 Equity securities 212 (2) — 10 (32) — (12) 6 (23) 159 (17) Non-U.S. sovereign debt 541 12 20 33 — — (38) — — 568 12 Mortgage trading loans, MBS and ABS 1,300 (19) — 30 (52) — (105) 155 (76) 1,233 (28) Total trading account assets 4,375 25 21 171 (119) — (463) 207 (157) 4,060 (20) Net derivative assets (liabilities) (4) (2,779) (1,630) (140) 280 (331) — (480) (160) 243 (4,997) (1,690) AFS debt securities: Non-agency residential MBS 293 — (2) — — — (3) — — 288 — Non-U.S. and other taxable securities 187 4 4 — — — (7) — (4) 184 2 Tax-exempt securities 51 — — — — — — — — 51 — Total AFS debt securities 531 4 2 — — — (10) — (4) 523 2 Other debt securities carried at fair value – Non-agency residential MBS 94 1 — — — — (2) — (5) 88 2 Loans and leases (5,6) 243 (13) — — (50) — (33) — — 147 (17) Loans held-for-sale (5) 206 10 2 — (5) — (25) — — 188 2 Other assets (6,7) 1,769 98 6 — 1 17 (82) — — 1,809 65 Trading account liabilities – Corporate securities and other (64) (4) — (1) — — 2 (2) 20 (49) — Short-term borrowings (5) (9) 3 — — (10) (1) 6 — — (11) 3 Accrued expenses and other liabilities (5) (20) 6 — — — — — — — (14) 6 Long-term debt (5) (772) 64 (15) — 53 — 6 — — (664) 69 (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - market making and similar activities and other income; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - other income; Loans held-for-sale - other income; Other assets - market making and similar activities and other income related to MSRs; Short-term borrowings - market making and similar activities; Accrued expenses and other liabilities - other income; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments, derivatives designated in cash flow hedges and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $44 million and $124 million related to financial instruments still held at June 30, 2024 and 2023. (4) Net derivative assets (liabilities) include derivative assets of $3.9 billion and $4.4 billion and derivative liabilities of $6.3 billion and $9.4 billion at June 30, 2024 and 2023. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (Losses) in OCI (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Six Months Ended June 30, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,689 $ 24 $ (3) $ 291 $ (128) $ 23 $ (466) $ 515 $ (129) $ 1,816 $ (40) Equity securities 187 6 — 86 (37) — (4) 11 (18) 231 9 Non-U.S. sovereign debt 396 5 (34) 26 (5) — (65) — — 323 5 Mortgage trading loans, MBS and ABS 1,217 (23) — 237 (471) — (43) 164 (108) 973 (43) Total trading account assets 3,489 12 (37) 640 (641) 23 (578) 690 (255) 3,343 (69) Net derivative assets (liabilities) (4) (2,494) 506 — 494 (579) — (535) (299) 541 (2,366) (616) AFS debt securities: Non-agency residential MBS 273 9 47 — — — (141) 62 (117) 133 10 Commercial MBS — (6) 1 175 — — — — — 170 (6) Non-U.S. and other taxable securities 103 (7) — — — — (14) 1 (5) 78 (2) Total AFS debt securities 376 (4) 48 175 — — (155) 63 (122) 381 2 Other debt securities carried at fair value – Non-agency residential MBS 69 3 — — — — (20) 17 (16) 53 3 Loans and leases (5,6) 93 1 — — — 1 (6) — — 89 1 Loans held-for-sale (5,6) 164 (2) (4) — — — (25) — — 133 (6) Other assets (6,7) 1,657 140 (26) 20 — 73 (165) 1 — 1,700 93 Trading account liabilities – Equity securities (12) 2 — — (4) — 6 (14) 11 (11) — Trading account liabilities – Corporate securities and other (39) (18) — (3) (13) (2) 9 (6) — (72) (20) Short-term borrowings (5) (10) — — — — (9) 11 — — (8) — Accrued expenses and other liabilities (5) (21) (9) — 22 — — — — — (8) (8) Long-term debt (5) (614) 31 (17) — — — 13 (1) — (588) 32 Six Months Ended June 30, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ — $ 7 $ — Trading account assets: Corporate securities, trading loans and other 2,384 61 2 224 (155) 14 (452) 194 (172) 2,100 29 Equity securities 145 (6) — 16 (44) — (12) 83 (23) 159 (17) Non-U.S. sovereign debt 518 38 36 36 (6) — (54) — — 568 96 Mortgage trading loans, MBS and ABS 1,552 (28) — 104 (202) — (221) 242 (214) 1,233 (39) Total trading account assets 4,599 65 38 380 (407) 14 (739) 519 (409) 4,060 69 Net derivative assets (liabilities) (4) (2,893) (1,561) (140) 529 (599) — (795) 161 301 (4,997) (2,077) AFS debt securities: Non-agency residential MBS 258 3 32 — — — (5) — — 288 4 Non-U.S. and other taxable securities 195 4 7 — — — (15) — (7) 184 (1) Tax-exempt securities 51 — — — — — — — — 51 — Total AFS debt securities 504 7 39 — — — (20) — (7) 523 3 Other debt securities carried at fair value – Non-agency residential MBS 119 (1) — — (19) — (4) — (7) 88 1 Loans and leases (5,6) 253 (11) — 9 (50) — (70) 16 — 147 (17) Loans held-for-sale (5,6) 232 22 4 — (21) — (49) — — 188 20 Other assets (6,7) 1,799 108 7 6 1 44 (158) 2 — 1,809 48 Trading account liabilities – Corporate securities and other (58) (4) — (1) (2) (1) 2 (6) 21 (49) (1) Short-term borrowings (5) (14) 3 — — (13) (2) 15 — — (11) 2 Accrued expenses and other liabilities (5) (32) 30 — (12) — — — — — (14) 11 Long-term debt (5) (862) 151 (21) (9) 53 — 17 — 7 (664) 139 (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - market making and similar activities and other income; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - market making and similar activities and other income; Other assets - market making and similar activities and other income primarily related to MSRs; Short-term borrowings - market making and similar activities; Accrued expenses and other liabilities - other income; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments, derivatives designated in cash flow hedges and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $33 million and $74 million related to financial instruments still held at June 30, 2024 and 2023. (4) Net derivative assets (liabilities) include derivative assets of $3.9 billion and $4.4 billion and derivative liabilities of $6.3 billion and $9.4 billion at June 30, 2024 and 2023. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three and six months ended June 30, 2024 and 2023, including net realized and unrealized gains (losses) included in earnings and accumulated OCI. Transfers into Level 3 occur primarily due to decreased price observability, and transfers out of Level 3 occur primarily due to increased price observability. Transfers occur on a regular basis for long-term debt instruments due to changes in the impact of unobservable inputs on the value of the embedded derivative in relation to the instrument as a whole. Level 3 – Fair Value Measurements (1) Balance April 1 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (3) Gross Gross Gross Balance June 30 Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Three Months Ended June 30, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,582 $ 17 $ (2) $ 185 $ (71) $ 20 $ (142) $ 317 $ (90) $ 1,816 $ (18) Equity securities 214 2 — 48 (15) — (1) — (17) 231 7 Non-U.S. sovereign debt 394 (9) (25) 15 (4) — (48) — — 323 (9) Mortgage trading loans, MBS and ABS 1,058 (23) — 101 (187) — (16) 92 (52) 973 (20) Total trading account assets 3,248 (13) (27) 349 (277) 20 (207) 409 (159) 3,343 (40) Net derivative assets (liabilities) (4) (2,668) 477 — 309 (243) — (287) (158) 204 (2,366) 460 AFS debt securities: Non-agency residential MBS 251 1 — — — — (2) — (117) 133 1 Commercial MBS — (6) 1 175 — — — — — 170 (6) Non-U.S. and other taxable securities 91 (8) — — — — (2) 1 (4) 78 (2) Total AFS debt securities 342 (13) 1 175 — — (4) 1 (121) 381 (7) Other debt securities carried at fair value – Non-agency residential MBS 71 (2) — — — — — — (16) 53 (2) Loans and leases (5,6) 90 1 — — — — (2) — — 89 — Loans held-for-sale (5) 149 — (3) — — — (13) — — 133 (3) Other assets (6,7) 1,668 85 (15) 18 — 27 (83) — — 1,700 57 Trading account liabilities – Equity securities (28) 2 — — — — 6 — 9 (11) — Trading account liabilities – Corporate securities and other (43) (15) — (1) (13) (1) 1 — — (72) (16) Short-term borrowings (5) (9) 1 — — — (9) 9 — — (8) 1 Accrued expenses and other liabilities (5) (19) (11) — 22 — — — — — (8) (11) Long-term debt (5) (611) 18 (2) — — — 7 — — (588) 18 Three Months Ended June 30, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ — $ 7 $ — Trading account assets: Corporate securities, trading loans and other 2,322 34 1 98 (35) — (308) 46 (58) 2,100 13 Equity securities 212 (2) — 10 (32) — (12) 6 (23) 159 (17) Non-U.S. sovereign debt 541 12 20 33 — — (38) — — 568 12 Mortgage trading loans, MBS and ABS 1,300 (19) — 30 (52) — (105) 155 (76) 1,233 (28) Total trading account assets 4,375 25 21 171 (119) — (463) 207 (157) 4,060 (20) Net derivative assets (liabilities) (4) (2,779) (1,630) (140) 280 (331) — (480) (160) 243 (4,997) (1,690) AFS debt securities: Non-agency residential MBS 293 — (2) — — — (3) — — 288 — Non-U.S. and other taxable securities 187 4 4 — — — (7) — (4) 184 2 Tax-exempt securities 51 — — — — — — — — 51 — Total AFS debt securities 531 4 2 — — — (10) — (4) 523 2 Other debt securities carried at fair value – Non-agency residential MBS 94 1 — — — — (2) — (5) 88 2 Loans and leases (5,6) 243 (13) — — (50) — (33) — — 147 (17) Loans held-for-sale (5) 206 10 2 — (5) — (25) — — 188 2 Other assets (6,7) 1,769 98 6 — 1 17 (82) — — 1,809 65 Trading account liabilities – Corporate securities and other (64) (4) — (1) — — 2 (2) 20 (49) — Short-term borrowings (5) (9) 3 — — (10) (1) 6 — — (11) 3 Accrued expenses and other liabilities (5) (20) 6 — — — — — — — (14) 6 Long-term debt (5) (772) 64 (15) — 53 — 6 — — (664) 69 (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - market making and similar activities and other income; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - other income; Loans held-for-sale - other income; Other assets - market making and similar activities and other income related to MSRs; Short-term borrowings - market making and similar activities; Accrued expenses and other liabilities - other income; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments, derivatives designated in cash flow hedges and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $44 million and $124 million related to financial instruments still held at June 30, 2024 and 2023. (4) Net derivative assets (liabilities) include derivative assets of $3.9 billion and $4.4 billion and derivative liabilities of $6.3 billion and $9.4 billion at June 30, 2024 and 2023. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time. Level 3 – Fair Value Measurements (1) Balance Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (Losses) in OCI (3) Gross Gross Gross Balance Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Six Months Ended June 30, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,689 $ 24 $ (3) $ 291 $ (128) $ 23 $ (466) $ 515 $ (129) $ 1,816 $ (40) Equity securities 187 6 — 86 (37) — (4) 11 (18) 231 9 Non-U.S. sovereign debt 396 5 (34) 26 (5) — (65) — — 323 5 Mortgage trading loans, MBS and ABS 1,217 (23) — 237 (471) — (43) 164 (108) 973 (43) Total trading account assets 3,489 12 (37) 640 (641) 23 (578) 690 (255) 3,343 (69) Net derivative assets (liabilities) (4) (2,494) 506 — 494 (579) — (535) (299) 541 (2,366) (616) AFS debt securities: Non-agency residential MBS 273 9 47 — — — (141) 62 (117) 133 10 Commercial MBS — (6) 1 175 — — — — — 170 (6) Non-U.S. and other taxable securities 103 (7) — — — — (14) 1 (5) 78 (2) Total AFS debt securities 376 (4) 48 175 — — (155) 63 (122) 381 2 Other debt securities carried at fair value – Non-agency residential MBS 69 3 — — — — (20) 17 (16) 53 3 Loans and leases (5,6) 93 1 — — — 1 (6) — — 89 1 Loans held-for-sale (5,6) 164 (2) (4) — — — (25) — — 133 (6) Other assets (6,7) 1,657 140 (26) 20 — 73 (165) 1 — 1,700 93 Trading account liabilities – Equity securities (12) 2 — — (4) — 6 (14) 11 (11) — Trading account liabilities – Corporate securities and other (39) (18) — (3) (13) (2) 9 (6) — (72) (20) Short-term borrowings (5) (10) — — — — (9) 11 — — (8) — Accrued expenses and other liabilities (5) (21) (9) — 22 — — — — — (8) (8) Long-term debt (5) (614) 31 (17) — — — 13 (1) — (588) 32 Six Months Ended June 30, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ — $ 7 $ — Trading account assets: Corporate securities, trading loans and other 2,384 61 2 224 (155) 14 (452) 194 (172) 2,100 29 Equity securities 145 (6) — 16 (44) — (12) 83 (23) 159 (17) Non-U.S. sovereign debt 518 38 36 36 (6) — (54) — — 568 96 Mortgage trading loans, MBS and ABS 1,552 (28) — 104 (202) — (221) 242 (214) 1,233 (39) Total trading account assets 4,599 65 38 380 (407) 14 (739) 519 (409) 4,060 69 Net derivative assets (liabilities) (4) (2,893) (1,561) (140) 529 (599) — (795) 161 301 (4,997) (2,077) AFS debt securities: Non-agency residential MBS 258 3 32 — — — (5) — — 288 4 Non-U.S. and other taxable securities 195 4 7 — — — (15) — (7) 184 (1) Tax-exempt securities 51 — — — — — — — — 51 — Total AFS debt securities 504 7 39 — — — (20) — (7) 523 3 Other debt securities carried at fair value – Non-agency residential MBS 119 (1) — — (19) — (4) — (7) 88 1 Loans and leases (5,6) 253 (11) — 9 (50) — (70) 16 — 147 (17) Loans held-for-sale (5,6) 232 22 4 — (21) — (49) — — 188 20 Other assets (6,7) 1,799 108 7 6 1 44 (158) 2 — 1,809 48 Trading account liabilities – Corporate securities and other (58) (4) — (1) (2) (1) 2 (6) 21 (49) (1) Short-term borrowings (5) (14) 3 — — (13) (2) 15 — — (11) 2 Accrued expenses and other liabilities (5) (32) 30 — (12) — — — — — (14) 11 Long-term debt (5) (862) 151 (21) (9) 53 — 17 — 7 (664) 139 (1) Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3. (2) Includes gains (losses) reported in earnings in the following income statement line items: Trading account assets/liabilities - market making and similar activities and other income; Net derivative assets (liabilities) - market making and similar activities and other income; AFS debt securities - other income; Other debt securities carried at fair value - other income; Loans and leases - market making and similar activities and other income; Loans held-for-sale - market making and similar activities and other income; Other assets - market making and similar activities and other income primarily related to MSRs; Short-term borrowings - market making and similar activities; Accrued expenses and other liabilities - other income; Long-term debt - market making and similar activities. (3) Includes unrealized gains (losses) in OCI on AFS debt securities, foreign currency translation adjustments, derivatives designated in cash flow hedges and the impact of changes in the Corporation’s credit spreads on long-term debt accounted for under the fair value option. Amounts include net unrealized losses of $33 million and $74 million related to financial instruments still held at June 30, 2024 and 2023. (4) Net derivative assets (liabilities) include derivative assets of $3.9 billion and $4.4 billion and derivative liabilities of $6.3 billion and $9.4 billion at June 30, 2024 and 2023. (5) Amounts represent instruments that are accounted for under the fair value option. (6) Issuances represent loan originations and MSRs recognized following securitizations or whole-loan sales. (7) Settlements primarily represent the net change in fair value of the MSR asset due to the recognition of modeled cash flows and the passage of time.
Fair Value Measurement Inputs and Valuation Techniques	The following tables present information about significant unobservable inputs related to the Corporation’s material categories of Level 3 financial assets and liabilities at June 30, 2024 and December 31, 2023. Quantitative Information about Level 3 Fair Value Measurements at June 30, 2024 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 418 Discounted cash flow, Market comparables Yield 0% to 18% 9 % Trading account assets – Mortgage trading loans, MBS and ABS 149 Prepayment speed 0% to 45% CPR 9% CPR Loans and leases 83 Default rate 0% to 5% CDR 5% CDR AFS debt securities – Non-agency residential 133 Price $0 to $115 $63 Other debt securities carried at fair value – Non-agency residential 53 Loss severity 0% to 74% 26 % Instruments backed by commercial real estate assets $ 507 Discounted cash Yield 0% to 25% 11 % Trading account assets – Corporate securities, trading loans and other 281 Price $0 to $101 $81 Trading account assets – Mortgage trading loans, MBS and ABS 56 AFS debt securities – Commercial 170 Commercial loans, debt securities and other $ 2,843 Discounted cash flow, Market comparables Yield 5% to 41% 16 % Trading account assets – Corporate securities, trading loans and other 1,535 Prepayment speed 10% to 20% 15 % Trading account assets – Non-U.S. sovereign debt 323 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 768 Loss severity 35% to 40% 37 % AFS debt securities – Non-U.S. and other taxable securities 78 Price $0 to $157 $70 Loans and leases 6 Loans held-for-sale 133 Other assets, primarily auction rate securities $ 711 Discounted cash flow, Market comparables Price $10 to $95 $86 Discount rate 11 % n/a MSRs $ 989 Discounted cash Weighted-average life, fixed rate (5) 0 to 12 years 6 years Weighted-average life, variable rate (5) 0 to 11 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 11 % Structured liabilities Long-term debt $ (588) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 18% to 30% 22 % Price $33 to $100 $90 Natural gas forward price $1/MMBtu to $8/MMBtu $4 /MMBtu Net derivative assets (liabilities) Credit derivatives $ 26 Discounted cash flow, Stochastic recovery correlation model Credit spreads 8 to 76 bps 53 bps Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 23% to 64% 58 % Price $0 to $94 $87 Equity derivatives $ (1,278) Industry standard derivative pricing (3) Equity correlation 0% to 100% 60 % Long-dated equity volatilities 1% to 101% 32 % Commodity derivatives $ (691) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $1/MMBtu to $8/MMBtu $4 /MMBtu Power forward price $22 to $119 $49 Interest rate derivatives $ (423) Industry standard derivative pricing (4) Correlation (IR/IR) (35)% to 70% 50 % Correlation (FX/IR) (25)% to 58% 28 % Long-dated inflation rates (1)% to 12% 0 % Long-dated inflation volatilities 0% to 5% 2 % Interest rate volatilities (1)% to 2% 0 % Total net derivative assets (liabilities) $ (2,366) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type, which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 89: Trading account assets – Corporate securities, trading loans and other of $1.8 billion, Trading account assets – Non-U.S. sovereign debt of $323 million, Trading account assets – Mortgage trading loans, MBS and ABS of $973 million, AFS debt securities of $381 million, Other debt securities carried at fair value - Non-agency residential of $53 million, Other assets, including MSRs, of $1.7 billion, Loans and leases of $89 million and LHFS of $133 million. (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable Quantitative Information about Level 3 Fair Value Measurements at December 31, 2023 (Dollars in millions) Inputs Financial Instrument Fair Valuation Significant Unobservable Ranges of Weighted Average (1) Loans and Securities (2) Instruments backed by residential real estate assets $ 538 Discounted cash Yield 0% to 22% 9 % Trading account assets – Mortgage trading loans, MBS and ABS 109 Prepayment speed 1% to 42% CPR 10% CPR Loans and leases 87 Default rate 0% to 3% CDR 1% CDR AFS debt securities - Non-agency residential 273 Price $0 to $115 $70 Other debt securities carried at fair value - Non-agency residential 69 Loss severity 0% to 100% 27 % Instruments backed by commercial real estate assets $ 363 Discounted cash Yield 0% to 25% 12 % Trading account assets – Corporate securities, trading loans and other 301 Price $0 to $100 $75 Trading account assets – Mortgage trading loans, MBS and ABS 62 Commercial loans, debt securities and other $ 3,103 Discounted cash flow, Market comparables Yield 5% to 59% 13 % Trading account assets – Corporate securities, trading loans and other 1,388 Prepayment speed 10% to 20% 16 % Trading account assets – Non-U.S. sovereign debt 396 Default rate 3% to 4% 4 % Trading account assets – Mortgage trading loans, MBS and ABS 1,046 Loss severity 35% to 40% 37 % AFS debt securities – Non-U.S. and other taxable securities 103 Price $0 to $157 $70 Loans and leases 6 Loans held-for-sale 164 Other assets, primarily auction rate securities $ 687 Discounted cash flow, Market comparables Price $10 to $95 $85 Discount rate 10% n/a MSRs $ 970 Discounted cash Weighted-average life, fixed rate (5) 0 to 14 years 6 years Weighted-average life, variable rate (5) 0 to 11 years 3 years Option-adjusted spread, fixed rate 7% to 14% 9 % Option-adjusted spread, variable rate 9% to 15% 12 % Structured liabilities Long-term debt $ (614) Discounted cash flow, Market comparables, Industry standard derivative pricing (3) Yield 58% n/a Equity correlation 5% to 97% 25 % Price $0 to $100 $90 Natural gas forward price $1/MMBtu to $7/MMBtu $4/MMBtu Net derivative assets (liabilities) Credit derivatives $ 9 Discounted cash flow, Stochastic recovery correlation model Credit spreads 2 to 79 bps 59 bps Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 22% to 62% 58 % Price $0 to $94 $87 Equity derivatives $ (1,386) Industry standard derivative pricing (3) Equity correlation 0% to 99% 67 % Long-dated equity volatilities 4% to 102% 34 % Commodity derivatives $ (633) Discounted cash flow, Industry standard derivative pricing (3) Natural gas forward price $1/MMBtu to $7/MMBtu $4/MMBtu Power forward price $21 to $91 $42 Interest rate derivatives $ (484) Industry standard derivative pricing (4) Correlation (IR/IR) (35)% to 89% 65 % Correlation (FX/IR) (25)% to 58% 35 % Long-dated inflation rates G (1)% to 11% 0 % Long-dated inflation volatilities 0% to 5% 2 % Interest rates volatilities 0% to 2% 1 % Total net derivative assets (liabilities) $ (2,494) (1) For loans and securities, structured liabilities and net derivative assets (liabilities), the weighted average is calculated based upon the absolute fair value of the instruments. (2) The categories are aggregated based upon product type, which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 90: Trading account assets – Corporate securities, trading loans and other of $1.7 billion, Trading account assets – Non-U.S. sovereign debt of $396 million, Trading account assets – Mortgage trading loans, MBS and ABS of $1.2 billion, AFS debt securities of $376 million, Other debt securities carried at fair value - Non-agency residential of $69 million, Other assets, including MSRs, of $1.7 billion, Loans and leases of $93 million and LHFS of $164 million. (3) Includes models such as Monte Carlo simulation and Black-Scholes. (4) Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates. (5) The weighted-average life is a product of changes in market rates of interest, prepayment rates and other model and cash flow assumptions. CPR = Constant Prepayment Rate CDR = Constant Default Rate MMBtu = Million British thermal units IR = Interest Rate FX = Foreign Exchange n/a = not applicable
Fair Value Measurements, Nonrecurring	The amounts below represent assets still held as of the reporting date for which a nonrecurring fair value adjustment was recorded during the three and six months ended June 30, 2024 and 2023. Assets Measured at Fair Value on a Nonrecurring Basis June 30, 2024 Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 (Dollars in millions) Level 2 Level 3 Gains (Losses) Assets Loans held-for-sale $ 14 $ 2,686 $ (49) $ (105) Loans and leases (1) — 71 (10) (17) Foreclosed properties (2, 3) — 46 (2) (1) Other assets (4) 1 296 (27) (40) June 30, 2023 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Assets Loans held-for-sale $ 109 $ 3,671 $ (18) $ (67) Loans and leases (1) — 95 (13) (23) Foreclosed properties (2, 3) — 6 (4) (4) Other assets 4 30 (1) (7) (1) Includes $2 million and $4 million of losses on loans that were written down to a collateral value of zero during the three and six months ended June 30, 2024 compared to losses of $3 million and $5 million for the same periods in 2023. (2) Amounts are included in other assets on the Consolidated Balance Sheet and represent the carrying value of foreclosed properties that were written down subsequent to their initial classification as foreclosed properties. Losses on foreclosed properties include losses recorded during the first 90 days after transfer of a loan to foreclosed properties. (3) Excludes $21 million and $46 million of properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans) at June 30, 2024 and 2023. (4) Represents the fair value of certain impaired renewable energy investments.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	The table below presents information about significant unobservable inputs utilized in the Corporation's nonrecurring Level 3 fair value measurements during the six months ended June 30, 2024 and the year ended December 31, 2023. Quantitative Information about Nonrecurring Level 3 Fair Value Measurements Inputs Financial Instrument Fair Value Valuation Significant Unobservable Ranges of Weighted Average (1) (Dollars in millions) Six Months Ended June 30, 2024 Loans held-for-sale $ 2,686 Pricing model Implied yield 14% to 23% n/a Loans and leases (2) 71 Market comparables OREO discount 10% to 66% 26 % Costs to sell 8% to 24% 9 % Other assets (3) 296 Discounted cash flow Discount rate 7 % n/a Year Ended December 31, 2023 Loans held-for-sale $ 2,793 Pricing model Implied yield 7% to 23% n/a Loans and leases (2) 153 Market comparables OREO discount 10% to 66% 26 % Costs to sell 8% to 24% 9 % Other assets (3) 898 Discounted cash flow Discount rate 7 % n/a (1) The weighted average is calculated based upon the fair value of the loans. (2) Represents residential mortgages where the loan has been written down to the fair value of the underlying collateral. (3) Represents the fair value of certain impaired renewable energy investments. n/a = not applicable

Fair Value Option (Tables)

Fair Value Option (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Option Elections	The following tables provide information about the fair value carrying amount and the contractual principal outstanding of assets and liabilities accounted for under the fair value option at June 30, 2024 and December 31, 2023, and information about where changes in the fair value of assets and liabilities accounted for under the fair value option are included in the Consolidated Statement of Income for the three and six months ended June 30, 2024 and 2023. Fair Value Option Elections June 30, 2024 December 31, 2023 (Dollars in millions) Fair Value Contractual Fair Value Fair Value Contractual Fair Value Federal funds sold and securities borrowed or purchased under agreements to resell $ 167,835 $ 167,788 $ 47 $ 133,053 $ 133,001 $ 52 Loans reported as trading account assets (1) 9,448 16,828 (7,380) 8,377 15,580 (7,203) Trading inventory – other 17,572 n/a n/a 25,282 n/a n/a Consumer and commercial loans 3,197 3,238 (41) 3,569 3,618 (49) Loans held-for-sale (1) 1,572 2,201 (629) 2,059 2,873 (814) Other assets 2,957 n/a n/a 1,986 n/a n/a Long-term deposits 370 441 (71) 284 267 17 Federal funds purchased and securities loaned or sold under agreements to repurchase 214,719 214,761 (42) 178,609 178,634 (25) Short-term borrowings 7,200 7,206 (6) 4,690 4,694 (4) Unfunded loan commitments 73 n/a n/a 67 n/a n/a Accrued expenses and other liabilities 2,219 2,175 44 1,341 1,347 (6) Long-term debt 46,875 49,332 (2,457) 42,809 46,707 (3,898) (1) A significant portion of the loans reported as trading account assets and LHFS are distressed loans that were purchased at a deep discount to par, and the remainder are loans with a fair value near contractual principal outstanding. n/a = not applicable Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option Three Months Ended June 30 2024 2023 (Dollars in millions) Market making Other Total Market making Other Total Federal funds sold and securities borrowed or purchased under agreements to resell $ 78 $ (1) $ 77 $ (52) $ (6) $ (58) Trading inventory – other (1) (1,130) — (1,130) 1,237 — 1,237 Consumer and commercial loans 36 14 50 (16) 11 (5) Loans held-for-sale (2) — (7) (7) — (4) (4) Short-term borrowings 75 — 75 6 — 6 Unfunded loan commitments — (6) (6) — 44 44 Accrued expenses and other liabilities 237 — 237 61 — 61 Long-term debt (3) 58 (7) 51 416 (7) 409 Other (4) (56) (3) (59) 139 4 143 Total $ (702) $ (10) $ (712) $ 1,791 $ 42 $ 1,833 Six Months Ended June 30 2024 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ 108 $ (4) $ 104 $ (18) $ (8) $ (26) Trading inventory – other (1) 781 — 781 2,965 — 2,965 Consumer and commercial loans 56 19 75 (139) 41 (98) Loans held-for-sale (2) — (17) (17) — 16 16 Short-term borrowings 73 — 73 11 — 11 Unfunded loan commitments — (20) (20) — 20 20 Accrued expenses and other liabilities 398 — 398 49 — 49 Long-term debt (3) 267 (20) 247 (502) (23) (525) Other (4) (79) (7) (86) 203 (3) 200 Total $ 1,604 $ (49) $ 1,555 $ 2,569 $ 43 $ 2,612 (1) The gains (losses) in market making and similar activities are primarily offset by (losses) gains on trading liabilities that hedge these assets. (2) Includes the value of IRLCs on funded loans, including those sold during the period. (3) The net gains (losses) in market making and similar activities relate to the embedded derivatives in structured liabilities and are typically offset by (losses) gains on derivatives and securities that hedge these liabilities. For the cumulative impact of changes in the Corporation’s own credit spreads and the amount recognized in accumulated OCI, see Note 12 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 20 – Fair Value Measurements to the Consolidated Financial Statements of the Corporation’s 2023 Annual Report on Form 10-K . (4) Includes gains (losses) on loans reported as trading account assets, other assets, long-term deposits, federal funds purchased and securities loaned or sold under agreements to repurchase, and asset-backed secured financings. Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Loans reported as trading account assets $ (32) $ (4) $ (64) $ 36 Consumer and commercial loans 13 12 16 36 Loans held-for-sale (2) (2) (1) — Unfunded loan commitments (6) 44 (20) 20 Long-term debt — — (3) —

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Carrying and Fair Value of Financial Instruments	The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at June 30, 2024 and December 31, 2023 are presented in the table below. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) June 30, 2024 Financial assets Loans $ 1,023,049 $ 47,914 $ 955,706 $ 1,003,620 Loans held-for-sale 7,043 4,179 2,864 7,043 Financial liabilities Deposits (1) 1,910,491 1,911,738 — 1,911,738 Long-term debt 290,474 291,004 885 291,889 Commercial unfunded lending commitments (2) 1,178 65 3,489 3,554 December 31, 2023 Financial assets Loans $ 1,020,281 $ 49,311 $ 949,977 $ 999,288 Loans held-for-sale 6,002 3,024 2,979 6,003 Financial liabilities Deposits (1) 1,923,827 1,925,015 — 1,925,015 Long-term debt 302,204 303,070 913 303,983 Commercial unfunded lending commitments (2) 1,275 44 3,927 3,971 (1) Includes demand deposits of $859.7 billion and $897.3 billion with no stated maturities at June 30, 2024 and December 31, 2023. (2) The carrying value of commercial unfunded lending commitments is included in accrued expenses and other liabilities on the Consolidated Balance Sheet. The Corporation does not estimate the fair value of consumer unfunded lending commitments because, in many instances, the Corporation can reduce or cancel these commitments by providing notice to the borrower. For more information on commitments, see Note 10 – Commitments and Contingencies .

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present net income (loss) and the components thereto (with net interest income on an FTE basis for the business segments, All Other and the total Corporation) for the three and six months ended June 30, 2024 and 2023, and total assets at June 30, 2024 and 2023 for each business segment, as well as All Other. Results of Business Segments and All Other At and for the three months ended June 30 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2024 2023 2024 2023 2024 2023 Net interest income $ 13,862 $ 14,293 $ 8,118 $ 8,437 $ 1,693 $ 1,805 Noninterest income 11,675 11,039 2,088 2,087 3,881 3,437 Total revenue, net of interest expense 25,537 25,332 10,206 10,524 5,574 5,242 Provision for credit losses 1,508 1,125 1,281 1,267 7 13 Noninterest expense 16,309 16,038 5,464 5,453 4,199 3,925 Income before income taxes 7,720 8,169 3,461 3,804 1,368 1,304 Income tax expense 823 761 866 951 342 326 Net income $ 6,897 $ 7,408 $ 2,595 $ 2,853 $ 1,026 $ 978 Period-end total assets $ 3,257,996 $ 3,123,198 $ 1,033,960 $ 1,084,512 $ 324,476 $ 338,184 Global Banking Global Markets All Other 2024 2023 2024 2023 2024 2023 Net interest income $ 3,275 $ 3,690 $ 770 $ 297 $ 6 $ 64 Noninterest income 2,778 2,772 4,689 4,574 (1,761) (1,831) Total revenue, net of interest expense 6,053 6,462 5,459 4,871 (1,755) (1,767) Provision for credit losses 235 9 (13) (4) (2) (160) Noninterest expense 2,899 2,819 3,486 3,349 261 492 Income (loss) before income taxes 2,919 3,634 1,986 1,526 (2,014) (2,099) Income tax expense (benefit) 803 981 576 420 (1,764) (1,917) Net income (loss) $ 2,116 $ 2,653 $ 1,410 $ 1,106 $ (250) $ (182) Period-end total assets $ 620,217 $ 586,397 $ 887,162 $ 851,771 $ 392,181 $ 262,334 (1) There were no material intersegment revenues. Results of Business Segments and All Other At and for the six months ended June 30 Total Corporation (1) Consumer Banking Global Wealth & Investment Management (Dollars in millions) 2024 2023 2024 2023 2024 2023 Net interest income $ 28,052 $ 28,875 $ 16,315 $ 17,030 $ 3,507 $ 3,681 Noninterest income 23,461 22,849 4,057 4,200 7,658 6,876 Total revenue, net of interest expense 51,513 51,724 20,372 21,230 11,165 10,557 Provision for credit losses 2,827 2,056 2,431 2,356 (6) 38 Noninterest expense 33,546 32,276 10,939 10,926 8,463 7,992 Income before income taxes 15,140 17,392 7,002 7,948 2,708 2,527 Income tax expense 1,569 1,823 1,751 1,987 677 632 Net income $ 13,571 $ 15,569 $ 5,251 $ 5,961 $ 2,031 $ 1,895 Period-end total assets $ 3,257,996 $ 3,123,198 $ 1,033,960 $ 1,084,512 $ 324,476 $ 338,184 Global Banking Global Markets All Other 2024 2023 2024 2023 2024 2023 Net interest income $ 6,735 $ 7,597 $ 1,451 $ 406 $ 44 $ 161 Noninterest income 5,298 5,068 9,891 10,091 (3,443) (3,386) Total revenue, net of interest expense 12,033 12,665 11,342 10,497 (3,399) (3,225) Provision for credit losses 464 (228) (49) (57) (13) (53) Noninterest expense 5,911 5,759 6,978 6,700 1,255 899 Income before income taxes 5,658 7,134 4,413 3,854 (4,641) (4,071) Income tax expense 1,556 1,926 1,280 1,060 (3,695) (3,782) Net income (loss) $ 4,102 $ 5,208 $ 3,133 $ 2,794 $ (946) $ (289) Period-end total assets $ 620,217 $ 586,397 $ 887,162 $ 851,771 $ 392,181 $ 262,334 (1) There were no material intersegment revenues. The table below presents noninterest income and the associated components for the three and six months ended June 30, 2024 and 2023 for each business segment, All Other and the total Corporation. For more information, see Note 2 – Net Interest Income and Noninterest Income . Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & Three Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 2024 2023 Fees and commissions: Card income Interchange fees $ 1,023 $ 1,023 $ 815 $ 808 $ (7) $ (3) Other card income 558 523 546 533 16 15 Total card income 1,581 1,546 1,361 1,341 9 12 Service charges Deposit-related fees 1,172 1,045 614 525 10 10 Lending-related fees 335 319 — — 14 8 Total service charges 1,507 1,364 614 525 24 18 Investment and brokerage services Asset management fees 3,370 2,969 45 49 3,327 2,921 Brokerage fees 950 870 33 27 380 330 Total investment and brokerage services 4,320 3,839 78 76 3,707 3,251 Investment banking fees Underwriting income 869 657 — — 57 40 Syndication fees 318 180 — — — — Financial advisory services 374 375 — — — — Total investment banking fees 1,561 1,212 — — 57 40 Total fees and commissions 8,969 7,961 2,053 1,942 3,797 3,321 Market making and similar activities 3,298 3,697 6 5 38 32 Other income (loss) (592) (619) 29 140 46 84 Total noninterest income $ 11,675 $ 11,039 $ 2,088 $ 2,087 $ 3,881 $ 3,437 Global Banking Global Markets All Other (1) Three Months Ended June 30 2024 2023 2024 2023 2024 2023 Fees and commissions: Card income Interchange fees $ 195 $ 199 $ 20 $ 19 $ — $ — Other card income 3 1 — — (7) (26) Total card income 198 200 20 19 (7) (26) Service charges Deposit-related fees 525 489 22 20 1 1 Lending-related fees 250 246 71 65 — — Total service charges 775 735 93 85 1 1 Investment and brokerage services Asset management fees — — — — (2) (1) Brokerage fees 21 14 516 499 — — Total investment and brokerage services 21 14 516 499 (2) (1) Investment banking fees Underwriting income 345 283 517 384 (50) (50) Syndication fees 168 102 150 78 — — Financial advisory services 322 333 52 41 — 1 Total investment banking fees 835 718 719 503 (50) (49) Total fees and commissions 1,829 1,667 1,348 1,106 (58) (75) Market making and similar activities 78 69 3,218 3,409 (42) 182 Other income (loss) 871 1,036 123 59 (1,661) (1,938) Total noninterest income $ 2,778 $ 2,772 $ 4,689 $ 4,574 $ (1,761) $ (1,831) (1) All Other includes eliminations of intercompany transactions. Noninterest Income by Business Segment and All Other Total Corporation Consumer Banking Global Wealth & Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 2024 2023 Fees and commissions: Card income Interchange fees $ 1,954 $ 1,979 $ 1,547 $ 1,561 $ (11) $ (3) Other card income 1,090 1,036 1,086 1,054 30 27 Total card income 3,044 3,015 2,633 2,615 19 24 Service charges Deposit-related fees 2,294 2,142 1,192 1,124 21 21 Lending-related fees 655 632 — — 26 16 Total service charges 2,949 2,774 1,192 1,124 47 37 Investment and brokerage services Asset management fees 6,640 5,887 100 96 6,546 5,794 Brokerage fees 1,867 1,804 56 54 761 695 Total investment and brokerage services 8,507 7,691 156 150 7,307 6,489 Investment banking fees Underwriting income 1,770 1,226 — — 120 79 Syndication fees 612 411 — — — — Financial advisory services 747 738 — — — — Total investment banking fees 3,129 2,375 — — 120 79 Total fees and commissions 17,629 15,855 3,981 3,889 7,493 6,629 Market making and similar activities 7,186 8,409 11 10 72 66 Other income (loss) (1,354) (1,415) 65 301 93 181 Total noninterest income $ 23,461 $ 22,849 $ 4,057 $ 4,200 $ 7,658 $ 6,876 Global Banking Global Markets All Other (1) Six Months Ended June 30 2024 2023 2024 2023 2024 2023 Fees and commissions: Card income Interchange fees $ 381 $ 386 $ 37 $ 35 $ — $ — Other card income 5 4 — — (31) (49) Total card income 386 390 37 35 (31) (49) Service charges Deposit-related fees 1,034 956 45 40 2 1 Lending-related fees 491 493 138 123 — — Total service charges 1,525 1,449 183 163 2 1 Investment and brokerage services Asset management fees — — — — (6) (3) Brokerage fees 39 23 1,011 1,032 — — Total investment and brokerage services 39 23 1,011 1,032 (6) (3) Investment banking fees Underwriting income 726 512 1,027 698 (103) (63) Syndication fees 320 228 292 183 — — Financial advisory services 639 646 108 91 — 1 Total investment banking fees 1,685 1,386 1,427 972 (103) (62) Total fees and commissions 3,635 3,248 2,658 2,202 (138) (113) Market making and similar activities 146 114 7,048 7,807 (91) 412 Other income (loss) 1,517 1,706 185 82 (3,214) (3,685) Total noninterest income $ 5,298 $ 5,068 $ 9,891 $ 10,091 $ (3,443) $ (3,386) (1) All other includes eliminations of intercompany transactions. The table below presents a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet. Business Segment Reconciliations Three Months Ended June 30 Six Months Ended June 30 (Dollars in millions) 2024 2023 2024 2023 Segments’ total revenue, net of interest expense $ 27,292 $ 27,099 $ 54,912 $ 54,949 Adjustments (1) : Asset and liability management activities (68) (207) (140) (432) Liquidating businesses, eliminations and other (1,687) (1,560) (3,259) (2,793) FTE basis adjustment (160) (135) (318) (269) Consolidated revenue, net of interest expense $ 25,377 $ 25,197 $ 51,195 $ 51,455 Segments’ total net income 7,147 7,590 14,517 15,858 Adjustments, net-of-tax (1) : Asset and liability management activities (53) (151) (108) (325) Liquidating businesses, eliminations and other (197) (31) (838) 36 Consolidated net income $ 6,897 $ 7,408 $ 13,571 $ 15,569 June 30 2024 2023 Segments’ total assets $ 2,865,815 $ 2,860,864 Adjustments (1) : Asset and liability management activities, including securities portfolio 1,261,291 1,162,755 Elimination of segment asset allocations to match liabilities (931,120) (963,574) Other 62,010 63,153 Consolidated total assets $ 3,257,996 $ 3,123,198 (1) Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments.

Net Interest Income and Nonin_3

Net Interest Income and Noninterest Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income
Loans and leases	$ 15,338	$ 13,970	$ 30,578	$ 27,067
Debt securities	6,325	4,691	12,462	10,151
Federal funds sold and securities borrowed or purchased under agreements to resell	5,159	4,955	10,334	8,667
Trading account assets	2,516	2,076	4,971	4,104
Other interest income	7,516	6,662	14,794	11,020
Total interest income	36,854	32,354	73,139	61,009
Interest expense
Deposits	9,655	5,785	18,793	10,099
Short-term borrowings	9,070	8,355	17,605	14,535
Trading account liabilities	540	472	1,086	976
Long-term debt	3,887	3,584	7,921	6,793
Total interest expense	23,152	18,196	45,405	32,403
Net interest income	13,702	14,158	27,734	28,606
Noninterest income
Total fees and commissions	8,969	7,961	17,629	15,855
Market making and similar activities	3,298	3,697	7,186	8,409
Other income (loss)	(592)	(619)	(1,354)	(1,415)
Total noninterest income	11,675	11,039	23,461	22,849
Rewards, rebates and compensation expense	2,400	2,400	4,700	4,600
Federal Reserve, Non-U.S. Central Banks And Other Banks
Interest income
Other interest income	4,500	4,300	9,000	6,300
Card income
Noninterest income
Card income and service charges	1,581	1,546	3,044	3,015
Interchange fees
Noninterest income
Card income and service charges	1,023	1,023	1,954	1,979
Other card income
Noninterest income
Card income and service charges	558	523	1,090	1,036
Card Income, Interchange Fees and Merchant Income
Noninterest income
Interchange fees, gross and merchant income	3,500	3,400	6,700	6,600
Service charges
Noninterest income
Card income and service charges	1,507	1,364	2,949	2,774
Deposit-related fees
Noninterest income
Card income and service charges	1,172	1,045	2,294	2,142
Lending-related fees
Noninterest income
Card income and service charges	335	319	655	632
Investment and brokerage services
Noninterest income
Investment and brokerage services	4,320	3,839	8,507	7,691
Asset management fees
Noninterest income
Investment and brokerage services	3,370	2,969	6,640	5,887
Brokerage fees
Noninterest income
Investment and brokerage services	950	870	1,867	1,804
Total investment banking fees
Noninterest income
Investment banking fees	1,561	1,212	3,129	2,375
Underwriting income
Noninterest income
Investment banking fees	869	657	1,770	1,226
Syndication fees
Noninterest income
Investment banking fees	318	180	612	411
Financial advisory services
Noninterest income
Investment banking fees	$ 374	$ 375	$ 747	$ 738

Derivatives - Derivative Balanc

Derivatives - Derivative Balances (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Gross Derivative Assets
Gross Derivative Assets	$ 283,300	$ 290,300
Less: Legally enforceable master netting agreements	(219,900)	(221,600)
Less: Cash collateral received/paid	(27,400)	(29,400)
Derivative assets	35,956	39,323
Gross Derivative Liabilities
Gross Derivative Liabilities	292,900	301,200
Less: Legally enforceable master netting agreements	(219,900)	(221,600)
Less: Cash collateral received/paid	(32,500)	(36,200)
Derivative liabilities	40,508	43,432
Interest Rate Swap
Maximum Payout/Notional
Contract/Notional	19,803,900	15,715,200
Gross Derivative Assets
Gross Derivative Assets	83,200	86,300
Gross Derivative Liabilities
Gross Derivative Liabilities	81,200	85,100
Interest Rate Future and Forwards
Maximum Payout/Notional
Contract/Notional	3,795,000	2,803,800
Gross Derivative Assets
Gross Derivative Assets	2,300	5,100
Gross Derivative Liabilities
Gross Derivative Liabilities	2,500	7,000
Interest Rate Options | Written options
Maximum Payout/Notional
Contract/Notional	1,876,400	1,807,700
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	31,100	31,700
Interest Rate Options | Purchased options
Maximum Payout/Notional
Contract/Notional	1,822,800	1,714,900
Gross Derivative Assets
Gross Derivative Assets	32,600	32,900
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Foreign Exchange Swaps
Maximum Payout/Notional
Contract/Notional	1,964,600	1,814,700
Gross Derivative Assets
Gross Derivative Assets	36,300	41,300
Gross Derivative Liabilities
Gross Derivative Liabilities	33,900	38,700
Foreign Exchange Spot, Futures, and Forwards
Maximum Payout/Notional
Contract/Notional	4,893,900	3,561,700
Gross Derivative Assets
Gross Derivative Assets	34,600	43,300
Gross Derivative Liabilities
Gross Derivative Liabilities	34,100	46,500
Foreign Exchange Options | Written options
Maximum Payout/Notional
Contract/Notional	552,500	462,800
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	7,600	6,800
Foreign Exchange Options | Purchased options
Maximum Payout/Notional
Contract/Notional	512,700	405,300
Gross Derivative Assets
Gross Derivative Assets	7,500	6,200
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Equity Swaps
Maximum Payout/Notional
Contract/Notional	483,900	427,000
Gross Derivative Assets
Gross Derivative Assets	11,800	13,300
Gross Derivative Liabilities
Gross Derivative Liabilities	17,000	16,700
Equity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	139,300	136,900
Gross Derivative Assets
Gross Derivative Assets	2,000	2,100
Gross Derivative Liabilities
Gross Derivative Liabilities	1,600	1,600
Equity Options | Written options
Maximum Payout/Notional
Contract/Notional	966,100	854,900
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	66,800	50,100
Equity Options | Purchased options
Maximum Payout/Notional
Contract/Notional	874,700	716,200
Gross Derivative Assets
Gross Derivative Assets	56,500	44,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Commodity Swaps
Maximum Payout/Notional
Contract/Notional	66,000	59,000
Gross Derivative Assets
Gross Derivative Assets	2,800	3,100
Gross Derivative Liabilities
Gross Derivative Liabilities	3,800	4,500
Commodity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	184,300	187,800
Gross Derivative Assets
Gross Derivative Assets	5,100	3,800
Gross Derivative Liabilities
Gross Derivative Liabilities	4,700	3,500
Commodity Options | Written options
Maximum Payout/Notional
Contract/Notional	74,800	67,100
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	3,100	3,300
Commodity Options | Purchased options
Maximum Payout/Notional
Contract/Notional	80,800	70,900
Gross Derivative Assets
Gross Derivative Assets	2,900	3,000
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Credit default swaps: | Purchased credit derivatives:
Maximum Payout/Notional
Contract/Notional	433,200	312,800
Gross Derivative Assets
Gross Derivative Assets	1,900	1,700
Gross Derivative Liabilities
Gross Derivative Liabilities	2,600	2,500
Credit default swaps: | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	412,711	289,078
Gross Derivative Assets
Gross Derivative Assets	2,100	2,200
Gross Derivative Liabilities
Gross Derivative Liabilities	1,712	1,568
Total return swaps/options: | Purchased credit derivatives:
Maximum Payout/Notional
Contract/Notional	113,800	69,400
Gross Derivative Assets
Gross Derivative Assets	700	800
Gross Derivative Liabilities
Gross Derivative Liabilities	800	1,300
Total return swaps/options: | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	104,591	68,605
Gross Derivative Assets
Gross Derivative Assets	1,000	1,100
Gross Derivative Liabilities
Gross Derivative Liabilities	364	338
Credit derivatives | Purchased credit derivatives:
Gross Derivative Liabilities
Fair value asset (liability), with identical underlying referenced names and terms	280	520
Notional amount, with identical underlying referenced names and terms	382,400	266,500
Credit derivatives | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	517,302	357,683
Gross Derivative Liabilities
Gross Derivative Liabilities	2,076	1,906
Trading and Other Risk Management Derivatives
Gross Derivative Assets
Gross Derivative Assets	274,100	276,100
Gross Derivative Liabilities
Gross Derivative Liabilities	273,200	275,600
Trading and Other Risk Management Derivatives | Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	74,800	78,400
Gross Derivative Liabilities
Gross Derivative Liabilities	61,900	66,600
Trading and Other Risk Management Derivatives | Interest Rate Future and Forwards
Gross Derivative Assets
Gross Derivative Assets	2,300	5,100
Gross Derivative Liabilities
Gross Derivative Liabilities	2,500	7,000
Trading and Other Risk Management Derivatives | Interest Rate Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	31,100	31,700
Trading and Other Risk Management Derivatives | Interest Rate Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	32,600	32,900
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Foreign Exchange Swaps
Gross Derivative Assets
Gross Derivative Assets	36,200	41,100
Gross Derivative Liabilities
Gross Derivative Liabilities	33,800	38,200
Trading and Other Risk Management Derivatives | Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	33,900	37,200
Gross Derivative Liabilities
Gross Derivative Liabilities	33,900	40,300
Trading and Other Risk Management Derivatives | Foreign Exchange Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	7,600	6,800
Trading and Other Risk Management Derivatives | Foreign Exchange Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	7,500	6,200
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Equity Swaps
Gross Derivative Assets
Gross Derivative Assets	11,800	13,300
Gross Derivative Liabilities
Gross Derivative Liabilities	17,000	16,700
Trading and Other Risk Management Derivatives | Equity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	2,000	2,100
Gross Derivative Liabilities
Gross Derivative Liabilities	1,600	1,600
Trading and Other Risk Management Derivatives | Equity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	66,800	50,100
Trading and Other Risk Management Derivatives | Equity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	56,500	44,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Commodity Swaps
Gross Derivative Assets
Gross Derivative Assets	2,800	3,100
Gross Derivative Liabilities
Gross Derivative Liabilities	3,800	4,500
Trading and Other Risk Management Derivatives | Commodity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	5,100	3,800
Gross Derivative Liabilities
Gross Derivative Liabilities	4,600	3,100
Trading and Other Risk Management Derivatives | Commodity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	3,100	3,300
Trading and Other Risk Management Derivatives | Commodity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	2,900	3,000
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Credit default swaps: | Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	1,900	1,700
Gross Derivative Liabilities
Gross Derivative Liabilities	2,600	2,500
Trading and Other Risk Management Derivatives | Credit default swaps: | Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	2,100	2,200
Gross Derivative Liabilities
Gross Derivative Liabilities	1,700	1,600
Trading and Other Risk Management Derivatives | Total return swaps/options: | Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	700	800
Gross Derivative Liabilities
Gross Derivative Liabilities	800	1,300
Trading and Other Risk Management Derivatives | Total return swaps/options: | Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	1,000	1,100
Gross Derivative Liabilities
Gross Derivative Liabilities	400	300
Qualifying Accounting Hedges
Gross Derivative Assets
Gross Derivative Assets	9,200	14,200
Gross Derivative Liabilities
Gross Derivative Liabilities	19,700	25,600
Qualifying Accounting Hedges | Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	8,400	7,900
Gross Derivative Liabilities
Gross Derivative Liabilities	19,300	18,500
Qualifying Accounting Hedges | Interest Rate Future and Forwards
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Interest Rate Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Interest Rate Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Foreign Exchange Swaps
Gross Derivative Assets
Gross Derivative Assets	100	200
Gross Derivative Liabilities
Gross Derivative Liabilities	100	500
Qualifying Accounting Hedges | Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	700	6,100
Gross Derivative Liabilities
Gross Derivative Liabilities	200	6,200
Qualifying Accounting Hedges | Foreign Exchange Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Foreign Exchange Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Equity Swaps
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Equity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Equity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Equity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Commodity Swaps
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Commodity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	100	400
Qualifying Accounting Hedges | Commodity Options | Written options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Commodity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Credit default swaps: | Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Credit default swaps: | Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Total return swaps/options: | Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Qualifying Accounting Hedges | Total return swaps/options: | Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	$ 0	$ 0

Derivatives - Offsetting Assets

Derivatives - Offsetting Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Offsetting Assets [Line Items]
Derivative assets, after netting	$ 32,500	$ 36,800
Other gross derivative assets	3,500	2,500
Derivative assets	35,956	39,323
Less: Financial instruments collateral	(16,500)	(15,500)
Total net derivative assets	19,500	23,800
Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	229,800	245,900
Less: Legally enforceable master netting agreements and cash collateral received/paid	(198,500)	(212,100)
Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	46,900	36,900
Less: Legally enforceable master netting agreements and cash collateral received/paid	(45,800)	(35,400)
Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	3,100	5,000
Less: Legally enforceable master netting agreements and cash collateral received/paid	(3,000)	(3,500)
Interest rate contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	115,200	119,200
Interest rate contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	100	200
Interest rate contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	2,300	4,400
Foreign exchange contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	77,100	89,700
Foreign exchange contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	200	200
Equity contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	24,300	24,700
Equity contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	44,700	34,400
Commodity contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	7,600	6,600
Commodity contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	2,100	2,300
Commodity contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	600	400
Credit derivatives | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	$ 5,600	$ 5,700

Derivatives - Offsetting Liabil

Derivatives - Offsetting Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Offsetting Liabilities [Line Items]
Derivative liabilities, after netting	$ 34,700	$ 36,700
Other gross derivative liabilities	5,800	6,700
Derivative liabilities	40,508	43,432
Less: Financial instruments collateral	(14,600)	(13,000)
Total net derivative liabilities	25,900	30,400
Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	234,700	254,300
Less: Legally enforceable master netting agreements and cash collateral received/paid	(203,700)	(218,900)
Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	49,000	36,200
Less: Legally enforceable master netting agreements and cash collateral received/paid	(45,800)	(35,400)
Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	3,400	4,000
Less: Legally enforceable master netting agreements and cash collateral received/paid	(2,900)	(3,500)
Interest rate contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	110,100	117,700
Interest rate contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	100	200
Interest rate contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	2,500	3,300
Foreign exchange contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	74,600	90,400
Foreign exchange contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	200	200
Equity contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	36,100	32,200
Equity contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	46,800	33,900
Commodity contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	8,600	8,400
Commodity contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	2,100	2,100
Commodity contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	700	500
Credit derivatives | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	$ 5,300	$ 5,600

Derivatives - Gains and Losses

Derivatives - Gains and Losses on Derivatives and Hedged Items Designated in Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ (58)	$ (872)	$ (548)	$ (1,102)
Hedged Item	38	837	517	1,059
Interest rate risk on long-term debt
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(486)	(3,550)	(3,590)	(242)
Hedged Item	481	3,516	3,571	211
Interest rate and foreign currency risk
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	279	107	623	115
Hedged Item	(285)	(104)	(614)	(112)
Interest rate and foreign currency risk | Interest expense
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative		(1)		7
Interest rate and foreign currency risk | Interest Income
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	8	1	17	1
Interest rate and foreign currency risk | Market making and similar activities
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	273	103	597	105
Interest rate risk on available-for-sale securities
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	315	1,880	2,805	(1,147)
Hedged Item	(324)	(1,884)	(2,826)	1,132
Price risk on commodity inventory | Interest Income
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(166)	691	(386)	172
Hedged Item	166	(691)	386	(172)
Accumulated Other Comprehensive Income (Loss) | Interest rate and foreign currency risk
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ (2)	$ 4	$ 9	$ 2

Derivatives - Designated Fair V

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt
Hedged liability, long-term debt, carrying value	$ 188,684	$ 203,986
Hedged liability, long-term debt, cumulative fair value adjustments	(9,086)	(5,767)
Amortized cost basis of portfolios used in hedging relationships	37,800	39,100
Hedged asset, portfolio layer	24,400	22,500
Cumulative basis adjustments, increase (decrease), hedging relationships	(341)	48
AFS securities
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	208,693	134,077
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(4,972)	(1,793)
Trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	3,257	7,475
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	$ 167	$ 414

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Shareholders’ equity	$ 293,892	$ 293,552	$ 291,646	$ 283,319	$ 280,196	$ 273,197
Net income (loss) in AOCI expected to be reclassified, after tax	(3,700)
Net income (loss) in AOCI expected to be reclassified	$ (4,900)
Open cash flow hedge, forecasted transactions hedging period (in years)	9 years
Terminated cash flow hedges, period forecasted transaction recognized in interest income (in years)	5 years
Bank of America, N.A.
Derivative [Line Items]
Collateral not yet posted	$ 1,200
Interest rate risk on long-term debt
Derivative [Line Items]
Decrease in liability	10,200		10,500
Interest rate risk on AFS securities
Derivative [Line Items]
Available -for-sale securities from discontinued hedging relationships cumulative decrease	5,000		5,600
Credit derivatives
Derivative [Line Items]
Cash and securities held as collateral	102,500		104,100
Cash and securities collateral posted	89,800		93,400
Collateral not yet posted	2,400
Foreign Mortgage-backed Securities and Foreign Securities
Derivative [Line Items]
Transfer of mortgage-backed securities to third-party trust	4,000		4,100
Gross cash proceeds from transfer of securities	4,100		4,200
Fair value of derecognized assets	3,900		4,100
Derivatives
Derivative [Line Items]
Shareholders’ equity	(7,746)		$ (8,016)	$ (11,886)		$ (11,935)
Pretax income (loss) in accumulated OCI	$ (10,300)

Derivatives - Derivatives Desig

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) excluded from effectiveness testing and recognized in market making and similar activities	$ 40	$ 76	$ 106	$ 109
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	40	(2,857)	(1,036)	(288)
Gains (Losses) in Income Reclassified from Accumulated OCI	(876)	(183)	(1,383)	(338)
Interest rate risk on variable-rate portfolios | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	35	(2,878)	(1,055)	(328)
Gains (Losses) in Income Reclassified from Accumulated OCI	(882)	(189)	(1,396)	(349)
Price risk on forecasted MBS purchases | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	0	2	0	4
Gains (Losses) in Income Reclassified from Accumulated OCI	(2)	0	(4)	0
Price risk on certain compensation plans | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	5	19	19	36
Gains (Losses) in Income Reclassified from Accumulated OCI	8	6	17	11
Foreign exchange risk | Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	595	(91)	1,392	(468)
Gains (Losses) in Income Reclassified from Accumulated OCI	$ 0	$ 3	$ 0	$ 3

Derivatives - Other Risk Manage

Derivatives - Other Risk Management Derivatives (Details) - Other income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest rate risk on mortgage activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ (10)	$ (23)	$ (40)	$ 3
Credit risk on loans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	4	(12)	(15)	(40)
Interest rate and foreign currency risk on ALM activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	82	781	173	659
Price risk on certain compensation plans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ 53	$ 188	$ 295	$ 383

Derivatives - Sales and Trading

Derivatives - Sales and Trading Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ 3,298	$ 3,697	$ 7,186	$ 8,409
Brokerage commissions and asset management fee revenue | Global Markets
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	516	492	1,000	1,000
Trading Derivatives and Securities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	4,537	4,200	9,480	9,177
Trading Derivatives and Securities | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	3,217	3,408	7,047	7,805
Trading Derivatives and Securities | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	566	106	1,034	3
Trading Derivatives and Securities | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	754	686	1,399	1,369
Trading Derivatives and Securities | Interest rate risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	912	971	2,072	2,401
Trading Derivatives and Securities | Interest rate risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	559	807	1,412	2,052
Trading Derivatives and Securities | Interest rate risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	245	39	475	138
Trading Derivatives and Securities | Interest rate risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	108	125	185	211
Trading Derivatives and Securities | Foreign exchange risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	494	552	988	1,027
Trading Derivatives and Securities | Foreign exchange risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	449	506	886	908
Trading Derivatives and Securities | Foreign exchange risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	29	31	63	80
Trading Derivatives and Securities | Foreign exchange risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	16	15	39	39
Trading Derivatives and Securities | Equity risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,948	1,607	3,810	3,229
Trading Derivatives and Securities | Equity risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,837	1,659	3,701	3,659
Trading Derivatives and Securities | Equity risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(339)	(511)	(768)	(1,348)
Trading Derivatives and Securities | Equity risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	450	459	877	918
Trading Derivatives and Securities | Credit risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,069	1,015	2,355	2,276
Trading Derivatives and Securities | Credit risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	271	311	822	791
Trading Derivatives and Securities | Credit risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	600	610	1,204	1,276
Trading Derivatives and Securities | Credit risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	198	94	329	209
Trading Derivatives and Securities | Other risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	114	55	255	244
Trading Derivatives and Securities | Other risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	101	125	226	395
Trading Derivatives and Securities | Other risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	31	(63)	60	(143)
Trading Derivatives and Securities | Other risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ (18)	$ (7)	$ (31)	$ (8)

Derivatives - Credit Derivative

Derivatives - Credit Derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Carrying Value of Credit Derivatives
Total	$ 292,900	$ 301,200
Carrying Value of Credit-related Notes
Less than One Year	0	0
One to Three Years	5	5
Three to Five Years	17	16
Over Five Years	1,862	1,962
Total	1,884	1,983
Credit derivatives | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	204	246
One to Three Years	346	357
Three to Five Years	1,009	683
Over Five Years	517	620
Total	2,076	1,906
Maximum Payout/Notional
Less than One Year	150,208	113,020
One to Three Years	116,329	100,087
Three to Five Years	225,114	120,715
Over Five Years	25,651	23,861
Total	517,302	357,683
Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	18	38
One to Three Years	268	288
Three to Five Years	919	627
Over Five Years	507	615
Total	1,712	1,568
Maximum Payout/Notional
Less than One Year	53,956	51,811
One to Three Years	112,350	97,170
Three to Five Years	221,322	117,247
Over Five Years	25,083	22,850
Total	412,711	289,078
Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	186	208
One to Three Years	78	69
Three to Five Years	90	56
Over Five Years	10	5
Total	364	338
Maximum Payout/Notional
Less than One Year	96,252	61,209
One to Three Years	3,979	2,917
Three to Five Years	3,792	3,468
Over Five Years	568	1,011
Total	104,591	68,605
Investment grade
Carrying Value of Credit-related Notes
Less than One Year	0	0
One to Three Years	0	0
Three to Five Years	2	0
Over Five Years	720	859
Total	722	859
Investment grade | Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	0	0
One to Three Years	11	11
Three to Five Years	26	26
Over Five Years	20	20
Total	57	57
Maximum Payout/Notional
Less than One Year	37,894	33,750
One to Three Years	77,291	65,015
Three to Five Years	169,415	83,313
Over Five Years	20,257	17,023
Total	304,857	199,101
Investment grade | Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	71	59
One to Three Years	0	0
Three to Five Years	0	0
Over Five Years	0	0
Total	71	59
Maximum Payout/Notional
Less than One Year	71,915	40,515
One to Three Years	1,457	1,503
Three to Five Years	1,369	1,561
Over Five Years	177	23
Total	74,918	43,602
Non-investment grade
Carrying Value of Credit-related Notes
Less than One Year	0	0
One to Three Years	5	5
Three to Five Years	15	16
Over Five Years	1,142	1,103
Total	1,162	1,124
Non-investment grade | Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	18	38
One to Three Years	257	277
Three to Five Years	893	601
Over Five Years	487	595
Total	1,655	1,511
Maximum Payout/Notional
Less than One Year	16,062	18,061
One to Three Years	35,059	32,155
Three to Five Years	51,907	33,934
Over Five Years	4,826	5,827
Total	107,854	89,977
Non-investment grade | Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	115	149
One to Three Years	78	69
Three to Five Years	90	56
Over Five Years	10	5
Total	293	279
Maximum Payout/Notional
Less than One Year	24,337	20,694
One to Three Years	2,522	1,414
Three to Five Years	2,423	1,907
Over Five Years	391	988
Total	$ 29,673	$ 25,003

Derivatives - Credit-related Co

Derivatives - Credit-related Contingent Features and Collateral (Details) $ in Millions	Jun. 30, 2024 USD ($)
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	$ 150
Additional collateral required to be posted upon downgrade, second incremental notch	833
Credit derivatives
Derivative [Line Items]
Derivative liability subject to unilateral termination upon downgrade, one incremental notch	32
Derivative liability subject to unilateral termination upon downgrade, second incremental notch	132
Collateral posted subject to unilateral termination upon downgrade, one incremental notch	29
Collateral posted subject to unilateral termination upon downgrade, second incremental notch	105
Bank of America, N.A.
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	50
Additional collateral required to be posted upon downgrade, second incremental notch	$ 695

Derivatives - Valuation Adjustm

Derivatives - Valuation Adjustments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Valuation Gain Loss on Derivatives, Gross [Abstract]
Derivative assets (CVA)	$ (31)	$ 109	$ 31	$ 121
Derivative assets/liabilities (FVA)	(29)	26	(15)	(17)
Derivative liabilities (DVA)	27	$ (86)	(42)	$ (84)
Cumulative credit valuation adjustment	328		328		$ 359
Cumulative funding valuation adjustment	102		102		87
Cumulative debit valuation adjustment	$ 257		$ 257		$ 299

Securities - Debt Securities (D

Securities - Debt Securities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Available-for-sale debt securities
Amortized Cost	$ 295,023	$ 270,482
Gross Unrealized Gains	183	150
Gross Unrealized Losses	(3,911)	(3,983)
Fair Value	291,295	266,649
Other Debt Securities, Carried at Fair Value:
Amortized Cost	9,789	10,202
Gross Unrealized Gains	62	56
Gross Unrealized Losses	(95)	(55)
Fair Value	9,756	10,203
Debt securities carried at fair value:
Amortized Cost	304,812	280,684
Gross Unrealized Gains	245	206
Gross Unrealized Losses	(4,006)	(4,038)
Fair Value	301,051	276,852
Held-to-maturity Securities:
Amortized Cost	577,402	594,591
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(110,766)	(97,994)
Fair Value	466,636	496,597
Debt securities:
Amortized Cost	882,214	875,275
Gross Unrealized Gains	245	206
Gross Unrealized Losses	(114,772)	(102,032)
Fair Value	767,687	773,449
Securities, pledged as collateral	219,100	204,900
FNMA
Debt securities carried at fair value:
Amortized Cost	263,600	272,500
Fair Value	211,300	226,400
FHLMC
Debt securities carried at fair value:
Amortized Cost	166,400	171,500
Fair Value	133,500	142,300
Mortgage-backed securities
Available-for-sale debt securities
Amortized Cost	59,398	53,292
Gross Unrealized Gains	136	86
Gross Unrealized Losses	(2,422)	(2,205)
Fair Value	57,112	51,173
Debt securities carried at fair value:
Fair Value	57,379
Agency
Available-for-sale debt securities
Amortized Cost	37,022	39,195
Gross Unrealized Gains	4	37
Gross Unrealized Losses	(1,664)	(1,420)
Fair Value	35,362	37,812
Debt securities carried at fair value:
Fair Value	35,362
Held-to-maturity Securities:
Amortized Cost	448,483	465,456
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(89,989)	(78,930)
Fair Value	358,494	386,526
Agency-collateralized mortgage obligations
Available-for-sale debt securities
Amortized Cost	9,652	2,739
Gross Unrealized Gains	17	6
Gross Unrealized Losses	(225)	(201)
Fair Value	9,444	2,544
Debt securities carried at fair value:
Fair Value	9,444
Commercial
Available-for-sale debt securities
Amortized Cost	12,421	10,909
Gross Unrealized Gains	69	40
Gross Unrealized Losses	(469)	(514)
Fair Value	12,021	10,435
Debt securities carried at fair value:
Fair Value	12,032
Non-agency residential
Available-for-sale debt securities
Amortized Cost	303	449
Gross Unrealized Gains	46	3
Gross Unrealized Losses	(64)	(70)
Fair Value	285	$ 382
Debt securities carried at fair value:
Fair Value	$ 541
Non-agency residential | Prime
Debt securities:
Available-for-sale securities, percent held by rating	24%	17%
Non-agency residential | Subprime
Debt securities:
Available-for-sale securities, percent held by rating	76%	83%
U.S. Treasury and government agencies
Available-for-sale debt securities
Amortized Cost	$ 201,441	$ 179,108
Gross Unrealized Gains	22	19
Gross Unrealized Losses	(1,183)	(1,461)
Fair Value	200,280	177,666
Debt securities carried at fair value:
Fair Value	202,123
Held-to-maturity Securities:
Amortized Cost	121,670	121,645
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(19,651)	(17,963)
Fair Value	102,019	103,682
Non-U.S. securities
Available-for-sale debt securities
Amortized Cost	21,396	22,868
Gross Unrealized Gains	12	27
Gross Unrealized Losses	(23)	(20)
Fair Value	21,385	22,875
Debt securities carried at fair value:
Fair Value	29,028
Other taxable securities
Available-for-sale debt securities
Amortized Cost	2,246	4,910
Gross Unrealized Gains	2	1
Gross Unrealized Losses	(54)	(76)
Fair Value	2,194	4,835
Debt securities carried at fair value:
Fair Value	2,197
Held-to-maturity Securities:
Amortized Cost	7,249	7,490
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,126)	(1,101)
Fair Value	6,123	6,389
Tax-exempt securities
Available-for-sale debt securities
Amortized Cost	10,542	10,304
Gross Unrealized Gains	11	17
Gross Unrealized Losses	(229)	(221)
Fair Value	10,324	$ 10,100
Debt securities carried at fair value:
Fair Value	$ 10,324

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt And Equity Securities [Line Items]
Equity securities, fair value	$ 250	$ 251
Equity securities, cost	406	377
Time deposits placed and other short-term investments	1,200	1,200
AFS securities
Investments, Debt And Equity Securities [Line Items]
Accumulated net unrealized loss on AFS debt securities	2,800
Accumulated other comprehensive income benefit	931
U.S. Agency And U.S. Treasury Securities
Investments, Debt And Equity Securities [Line Items]
AFS and HTM debt securities	836,300	824,900
All Non U.S. Agency And Non U.S. Treasury Securities
Investments, Debt And Equity Securities [Line Items]
AFS and HTM debt securities	$ 36,100	$ 40,200

Securities - Gross Realized Gai

Securities - Gross Realized Gains (Losses) on Sales of Available For Sale Debt Securities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Gross gains	$ 4	$ 8	$ 15	$ 104
Gross losses	(1)	(202)	(1)	(508)
Net gains (losses) on sales of AFS debt securities	3	(194)	14	(404)
Income tax expense (benefit) attributable to realized net gains (losses) on sales of AFS debt securities	$ 1	$ (48)	$ 4	$ (101)

Securities - AFS Debt Securitie

Securities - AFS Debt Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fair Value
Less than Twelve Months	$ 120,243	$ 37,331
Twelve Months or Longer	100,578	102,171
Total	220,821	139,502
Gross Unrealized Losses
Less than Twelve Months	(196)	(92)
Twelve Months or Longer	(3,715)	(3,891)
Total	(3,911)	(3,983)
Mortgage-backed securities
Fair Value
Less than Twelve Months	18,860	10,987
Twelve Months or Longer	25,823	27,435
Total	44,683	38,422
Gross Unrealized Losses
Less than Twelve Months	(100)	(48)
Twelve Months or Longer	(2,322)	(2,157)
Total	(2,422)	(2,205)
Agency
Fair Value
Less than Twelve Months	14,403	8,624
Twelve Months or Longer	19,359	20,776
Total	33,762	29,400
Gross Unrealized Losses
Less than Twelve Months	(79)	(21)
Twelve Months or Longer	(1,585)	(1,399)
Total	(1,664)	(1,420)
Agency-collateralized mortgage obligations
Fair Value
Less than Twelve Months	2,903	0
Twelve Months or Longer	1,578	1,701
Total	4,481	1,701
Gross Unrealized Losses
Less than Twelve Months	(9)	0
Twelve Months or Longer	(216)	(201)
Total	(225)	(201)
Commercial
Fair Value
Less than Twelve Months	1,554	2,363
Twelve Months or Longer	4,731	4,588
Total	6,285	6,951
Gross Unrealized Losses
Less than Twelve Months	(12)	(27)
Twelve Months or Longer	(457)	(487)
Total	(469)	(514)
Non-agency residential
Fair Value
Less than Twelve Months	0	0
Twelve Months or Longer	155	370
Total	155	370
Gross Unrealized Losses
Less than Twelve Months	0	0
Twelve Months or Longer	(64)	(70)
Total	(64)	(70)
U.S. Treasury and government agencies
Fair Value
Less than Twelve Months	91,552	14,907
Twelve Months or Longer	68,083	69,669
Total	159,635	84,576
Gross Unrealized Losses
Less than Twelve Months	(73)	(12)
Twelve Months or Longer	(1,110)	(1,449)
Total	(1,183)	(1,461)
Non-U.S. securities
Fair Value
Less than Twelve Months	8,346	7,702
Twelve Months or Longer	2,593	1,524
Total	10,939	9,226
Gross Unrealized Losses
Less than Twelve Months	(12)	(8)
Twelve Months or Longer	(11)	(12)
Total	(23)	(20)
Other taxable securities
Fair Value
Less than Twelve Months	672	3,269
Twelve Months or Longer	1,394	1,437
Total	2,066	4,706
Gross Unrealized Losses
Less than Twelve Months	(4)	(19)
Twelve Months or Longer	(50)	(57)
Total	(54)	(76)
Tax-exempt securities
Fair Value
Less than Twelve Months	813	466
Twelve Months or Longer	2,685	2,106
Total	3,498	2,572
Gross Unrealized Losses
Less than Twelve Months	(7)	(5)
Twelve Months or Longer	(222)	(216)
Total	$ (229)	$ (221)

Securities - Maturities of Debt

Securities - Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 324
Due in one year or less, yield	2.40%
Due after one year through five years, amount	$ 14,483
Due after one year through five years, yield	1.96%
Due after five years through ten years, amount	$ 108,242
Due after five years though ten years, yield	1.33%
Due after ten years, amount	$ 454,353
Due after ten years, yield	2.12%
Amortized Cost	$ 577,402	$ 594,591
Total, yield	1.97%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Fair Value	$ 301,051	276,852
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	263
Due after One Year through Five Years	13,020
Due after Five Years through Ten Years	89,975
Due after Ten Years	363,378
Held-to-maturity, fair value	466,636	496,597
AFS securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 34,690
Due in one year or less, yield	4.43%
Due after one year through five years, amount	$ 185,960
Due after one year through five years, yield	3.89%
Due after five years through ten years, amount	$ 28,547
Due after five years through ten years, yield	3.52%
Due after ten years, amount	$ 55,615
Due after ten years, yield	4.83%
Amount	$ 304,812
Total, yield	4.09%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 34,645
Due after one year through five years, amount	185,078
Due after five years though ten years, amount	27,991
Due after ten years, amount	53,337
Fair Value	301,051
Mortgage-backed securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 87
Due in one year or less, yield	3.93%
Due after one year through five years, amount	$ 2,228
Due after one year through five years, yield	3.33%
Due after five years through ten years, amount	$ 8,381
Due after five years through ten years, yield	3.86%
Due after ten years, amount	$ 48,981
Due after ten years, yield	4.88%
Amount	$ 59,677
Total, yield	4.67%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 86
Due after one year through five years, amount	2,180
Due after five years though ten years, amount	8,241
Due after ten years, amount	46,872
Fair Value	57,379
Agency
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 23
Due after one year through five years, yield	4.43%
Due after five years through ten years, amount	$ 6
Due after five years through ten years, yield	3.50%
Due after ten years, amount	$ 36,993
Due after ten years, yield	4.69%
Amount	$ 37,022
Total, yield	4.69%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 0
Due after one year through five years, yield	0%
Due after five years through ten years, amount	$ 10
Due after five years though ten years, yield	2.90%
Due after ten years, amount	$ 448,473
Due after ten years, yield	2.12%
Amortized Cost	$ 448,483	465,456
Total, yield	2.12%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due after one year through five years, amount	22
Due after five years though ten years, amount	6
Due after ten years, amount	35,334
Fair Value	35,362
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	0
Due after One Year through Five Years	0
Due after Five Years through Ten Years	10
Due after Ten Years	358,484
Held-to-maturity, fair value	358,494	386,526
Agency-collateralized mortgage obligations
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 0
Due after one year through five years, yield	0%
Due after five years through ten years, amount	$ 2
Due after five years through ten years, yield	0.50%
Due after ten years, amount	$ 9,650
Due after ten years, yield	5.55%
Amount	$ 9,652
Total, yield	5.55%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due after one year through five years, amount	0
Due after five years though ten years, amount	2
Due after ten years, amount	9,442
Fair Value	9,444
Commercial
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 87
Due in one year or less, yield	3.93%
Due after one year through five years, amount	$ 2,205
Due after one year through five years, yield	3.32%
Due after five years through ten years, amount	$ 8,373
Due after five years through ten years, yield	3.86%
Due after ten years, amount	$ 1,769
Due after ten years, yield	3.24%
Amount	$ 12,434
Total, yield	3.68%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 86
Due after one year through five years, amount	2,156
Due after five years though ten years, amount	8,233
Due after ten years, amount	1,557
Fair Value	12,032
Non-agency residential
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due in one year or less, yield	0%
Due after one year through five years, amount	$ 0
Due after one year through five years, yield	0%
Due after five years through ten years, amount	$ 0
Due after five years through ten years, yield	0%
Due after ten years, amount	$ 569
Due after ten years, yield	10.97%
Amount	$ 569
Total, yield	10.97%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 0
Due after one year through five years, amount	2
Due after five years though ten years, amount	0
Due after ten years, amount	539
Fair Value	541
U.S. Treasury and government agencies
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 14,582
Due in one year or less, yield	5.20%
Due after one year through five years, amount	$ 173,163
Due after one year through five years, yield	3.94%
Due after five years through ten years, amount	$ 15,502
Due after five years through ten years, yield	2.95%
Due after ten years, amount	$ 37
Due after ten years, yield	3.85%
Amount	$ 203,284
Total, yield	3.96%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 244
Due in one year or less, yield	2.66%
Due after one year through five years, amount	$ 13,337
Due after one year through five years, yield	1.91%
Due after five years through ten years, amount	$ 108,089
Due after five years though ten years, yield	1.33%
Due after ten years, amount	$ 0
Due after ten years, yield	0%
Amortized Cost	$ 121,670	121,645
Total, yield	1.40%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 14,575
Due after one year through five years, amount	172,384
Due after five years though ten years, amount	15,130
Due after ten years, amount	34
Fair Value	202,123
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	238
Due after One Year through Five Years	11,931
Due after Five Years through Ten Years	89,850
Due after Ten Years	0
Held-to-maturity, fair value	102,019	103,682
Non-U.S. securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 18,334
Due in one year or less, yield	3.82%
Due after one year through five years, amount	$ 5,351
Due after one year through five years, yield	1.72%
Due after five years through ten years, amount	$ 3,723
Due after five years through ten years, yield	5.18%
Due after ten years, amount	$ 1,655
Due after ten years, yield	4.75%
Amount	$ 29,063
Total, yield	3.66%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 18,306
Due after one year through five years, amount	5,345
Due after five years though ten years, amount	3,723
Due after ten years, amount	1,654
Fair Value	29,028
Other taxable securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 467
Due in one year or less, yield	6.66%
Due after one year through five years, amount	$ 1,467
Due after one year through five years, yield	6.02%
Due after five years through ten years, amount	$ 237
Due after five years through ten years, yield	4.30%
Due after ten years, amount	$ 75
Due after ten years, yield	2.77%
Amount	$ 2,246
Total, yield	5.86%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 80
Due in one year or less, yield	1.59%
Due after one year through five years, amount	$ 1,146
Due after one year through five years, yield	2.55%
Due after five years through ten years, amount	$ 143
Due after five years though ten years, yield	3.28%
Due after ten years, amount	$ 5,880
Due after ten years, yield	2.53%
Amortized Cost	$ 7,249	7,490
Total, yield	2.54%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 465
Due after one year through five years, amount	1,450
Due after five years though ten years, amount	216
Due after ten years, amount	66
Fair Value	2,197
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	25
Due after One Year through Five Years	1,089
Due after Five Years through Ten Years	115
Due after Ten Years	4,894
Held-to-maturity, fair value	6,123	$ 6,389
Tax-exempt securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 1,220
Due in one year or less, yield	3.62%
Due after one year through five years, amount	$ 3,751
Due after one year through five years, yield	4.01%
Due after five years through ten years, amount	$ 704
Due after five years through ten years, yield	2.91%
Due after ten years, amount	$ 4,867
Due after ten years, yield	4.40%
Amount	$ 10,542
Total, yield	4.07%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 1,213
Due after one year through five years, amount	3,719
Due after five years though ten years, amount	681
Due after ten years, amount	4,711
Fair Value	$ 10,324

Outstanding Loans and Leases _3

Outstanding Loans and Leases and Allowance for Credit Losses - Past Due (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,056,785	$ 1,053,732
Percentage of outstandings, total outstanding	100%	100%
Loans and leases, measured at fair value	$ 3,197	$ 3,569
Asset Pledged as Collateral
Financing Receivable, Past Due [Line Items]
Loans and leases	33,900	33,700
Asset Pledged as Collateral | Federal Reserve Bank And Federal Home Loan Bank
Financing Receivable, Past Due [Line Items]
Loans and leases	316,600	246,000
Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 3,197	$ 3,569
Percentage of outstandings, total outstanding	0.30%	0.34%
Direct/indirect consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	$ 47	$ 39
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	456,944	459,965
Consumer Portfolio Segment | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	456,713	459,722
Consumer Portfolio Segment | Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	231	243
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	63	66
Consumer Portfolio Segment | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	168	177
Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	1,600	1,600
Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	227,870	228,403
Consumer real estate | Residential Mortgage | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	227,870	228,403
Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	25,442	25,527
Consumer real estate | Home equity | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	25,442	25,527
Credit card and other consumer | Credit card | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	99,450	102,200
Credit card and other consumer | Direct/indirect consumer | Dealer Financial Services Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	53,600	53,900
Credit card and other consumer | Direct/indirect consumer | Securities Based Lending Loans | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	46,700	46,000
Credit card and other consumer | Direct/indirect consumer | Securities Based Lending Loans | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	2,800	2,800
Credit card and other consumer | Direct/indirect consumer | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	103,834	103,468
Credit card and other consumer | Other consumer | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	117	124
Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	599,841	593,767
Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	369,139	358,931
Loans and leases, measured at fair value	2,000	2,200
Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	122,183	124,581
Loans and leases, measured at fair value	945	1,200
Commercial | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	596,875	590,441
Commercial | Carrying Value | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	369,139	358,931
Commercial | Carrying Value | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	122,183	124,581
Commercial | Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	2,966	3,326
Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	70,284	72,878
Commercial | Commercial real estate | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	64,400	66,800
Commercial | Commercial real estate | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	5,900	6,100
Commercial | Commercial real estate | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	70,284	72,878
Commercial | Commercial lease financing | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	14,874	14,854
Commercial | U.S. small business commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	9,803	9,415
Commercial | U.S. small business commercial | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	20,395	19,197
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 3,333	$ 3,273
Percentage of outstandings	0.32%	0.31%
30 to 59 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 2,330	$ 2,253
30 to 59 Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	191	198
30 to 59 Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	192	150
30 to 59 Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	1,258	1,177
30 to 59 Days Past Due | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	88	90
30 to 59 Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	674	680
30 to 59 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	310	306
30 to 59 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
30 to 59 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	1,003	1,020
30 to 59 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	434	477
30 to 59 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	91	86
30 to 59 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	286	247
30 to 59 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	19	44
30 to 59 Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	173	166
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,226	$ 1,301
Percentage of outstandings	0.12%	0.12%
60 to 89 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 847	$ 954
60 to 89 Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	63	77
60 to 89 Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	89	102
60 to 89 Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	229	302
60 to 89 Days Past Due | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	34	38
60 to 89 Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	484	515
60 to 89 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	100	99
60 to 89 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
60 to 89 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	379	347
60 to 89 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	127	96
60 to 89 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	5	21
60 to 89 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	158	133
60 to 89 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	11	8
60 to 89 Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	78	89
90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 3,409	$ 3,307
Percentage of outstandings	0.32%	0.31%
90+ Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 2,219	$ 2,305
90+ Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	211	252
90+ Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	665	738
90+ Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	742	829
90+ Days Past Due | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	134	161
90+ Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	1,257	1,224
90+ Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	86	91
90+ Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
90+ Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	1,190	1,002
90+ Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	215	225
90+ Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	4	64
90+ Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	758	505
90+ Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	23	24
90+ Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	190	184
Total Past Due 30 Days or More
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 7,968	$ 7,881
Percentage of outstandings	0.76%	0.75%
Total Past Due 30 Days or More | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 5,396	$ 5,512
Total Past Due 30 Days or More | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	2,229	2,308
Total Past Due 30 Days or More | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	256	289
Total Past Due 30 Days or More | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	2,415	2,419
Total Past Due 30 Days or More | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	496	496
Total Past Due 30 Days or More | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	0	0
Total Past Due 30 Days or More | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	2,572	2,369
Total Past Due 30 Days or More | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	776	798
Total Past Due 30 Days or More | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	100	171
Total Past Due 30 Days or More | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	1,202	885
Total Past Due 30 Days or More | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	53	76
Total Past Due 30 Days or More | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	441	439
Total Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,045,620	$ 1,042,282
Percentage of outstandings, total outstanding	98.94%	98.91%
Total Current or Less Than 30 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 451,317	$ 454,210
Total Current or Less Than 30 Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	225,641	226,095
Total Current or Less Than 30 Days Past Due | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	25,186	25,238
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	97,035	99,781
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	103,338	102,972
Total Current or Less Than 30 Days Past Due | Credit card and other consumer | Other consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	117	124
Total Current or Less Than 30 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	594,303	588,072
Total Current or Less Than 30 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	368,363	358,133
Total Current or Less Than 30 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	122,083	124,410
Total Current or Less Than 30 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	69,082	71,993
Total Current or Less Than 30 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	14,821	14,778
Total Current or Less Than 30 Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 19,954	$ 18,758

Outstanding Loans and Leases _4

Outstanding Loans and Leases and Allowance for Credit Losses - Nonperforming, Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 5,473	$ 5,485
Commercial
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	2,802	2,773
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	2,671	2,712
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	2,097	2,114
Federal National Mortgage Association Certificates and Obligations (FNMA) and Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Long-term credit protection agreements, amount covered	$ 8,400	$ 8,700

Outstanding Loans and Leases _5

Outstanding Loans and Leases and Allowance for Credit Losses - Nonperforming, Credit Quality (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 5,473	$ 5,485
Accruing past due 90 days or more	$ 1,800	$ 1,756
Nonperforming loans and leases, percent outstanding	0.52%	0.52%
Accruing past due 90 days or more, percent outstanding	0.17%	0.17%
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 2,671	$ 2,712
Accruing past due 90 days or more	1,474	1,478
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	2,097	2,114
Accruing past due 90 days or more	211	252
Consumer Portfolio Segment | Residential Mortgage With No Related Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,952	1,974
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	422	450
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment | Home Equity Line of Credit No Related Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	352	375
Accruing past due 90 days or more	0	0
Consumer Portfolio Segment | Credit card
Financing Receivable, Past Due [Line Items]
Accruing past due 90 days or more	1,257	1,224
Consumer Portfolio Segment | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	152	148
Accruing past due 90 days or more	6	2
Commercial
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	2,802	2,773
Accruing past due 90 days or more	326	278
Commercial | United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	700	636
Accruing past due 90 days or more	68	51
Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	90	175
Accruing past due 90 days or more	3	4
Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,971	1,927
Accruing past due 90 days or more	59	32
Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	19	19
Accruing past due 90 days or more	7	7
Commercial | U.S. small business commercial | United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	22	16
Accruing past due 90 days or more	189	184
Nonperforming Loans | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	125	156
Accruing past due 90 days or more	$ 86	$ 96

Outstanding Loans and Leases _6

Outstanding Loans and Leases and Allowance for Credit Losses - Residential Mortgage - Credit Quality Indicators (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,056,785		$ 1,056,785		$ 1,053,732
Total gross charge-offs	1,779	$ 1,125	3,517	$ 2,180
Small Business Card Loans | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross charge-offs			234		317
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross charge-offs	8	$ 15	19	$ 29
Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	227,870		227,870		228,403
Originated in current fiscal year	9,159		9,159		16,726
Originated in fiscal year before current fiscal year	15,332		15,332		39,828
Originated two years before current fiscal year	38,794		38,794		80,030
Originated three years before current fiscal year	77,632		77,632		37,990
Originated four years before current fiscal year	36,585		36,585		18,318
Prior	50,368		50,368		35,511
Total gross charge-offs			13		67
Gross charge-offs, Originated in current fiscal year			0		0
Gross charge-offs, Originated in fiscal year before current fiscal year			1		7
Gross charge-offs, Originated two years before current fiscal year			2		12
Gross charge-offs, Originated three years before current fiscal year			2		6
Gross charge-offs, Originated four years before current fiscal year			1		2
Gross charge-offs, Prior			7		40
Consumer real estate | Less than 620 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,449		2,449		2,335
Originated in current fiscal year	75		75		115
Originated in fiscal year before current fiscal year	139		139		471
Originated two years before current fiscal year	479		479		589
Originated three years before current fiscal year	626		626		402
Originated four years before current fiscal year	406		406		136
Prior	724		724		622
Consumer real estate | Greater than or equal to 620 and less than 680 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,588		4,588		4,671
Originated in current fiscal year	127		127		359
Originated in fiscal year before current fiscal year	359		359		919
Originated two years before current fiscal year	888		888		1,235
Originated three years before current fiscal year	1,181		1,181		777
Originated four years before current fiscal year	716		716		296
Prior	1,317		1,317		1,085
Consumer real estate | Greater than or equal to 680 and less than 740 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	22,503		22,503		23,357
Originated in current fiscal year	847		847		1,934
Originated in fiscal year before current fiscal year	1,827		1,827		4,652
Originated two years before current fiscal year	4,165		4,165		6,988
Originated three years before current fiscal year	6,511		6,511		3,742
Originated four years before current fiscal year	3,541		3,541		1,836
Prior	5,612		5,612		4,205
Consumer real estate | Greater than or equal to 740 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	187,836		187,836		187,077
Originated in current fiscal year	7,775		7,775		13,778
Originated in fiscal year before current fiscal year	12,767		12,767		33,436
Originated two years before current fiscal year	32,942		32,942		67,803
Originated three years before current fiscal year	66,027		66,027		30,235
Originated four years before current fiscal year	29,219		29,219		15,203
Prior	39,106		39,106		26,622
Less than or equal to 90 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	214,338		214,338		214,661
Originated in current fiscal year	8,287		8,287		15,224
Originated in fiscal year before current fiscal year	14,200		14,200		38,225
Originated two years before current fiscal year	37,386		37,386		76,229
Originated three years before current fiscal year	74,005		74,005		35,072
Originated four years before current fiscal year	33,814		33,814		17,432
Prior	46,646		46,646		32,479
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,118		2,118		1,994
Originated in current fiscal year	337		337		698
Originated in fiscal year before current fiscal year	620		620		911
Originated two years before current fiscal year	786		786		286
Originated three years before current fiscal year	258		258		53
Originated four years before current fiscal year	45		45		25
Prior	72		72		21
Greater than 100 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	920		920		785
Originated in current fiscal year	200		200		264
Originated in fiscal year before current fiscal year	272		272		342
Originated two years before current fiscal year	302		302		100
Originated three years before current fiscal year	82		82		31
Originated four years before current fiscal year	23		23		14
Prior	41		41		34
Fully-insured loans | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	10,494		10,494		10,963
Originated in current fiscal year	335		335		540
Originated in fiscal year before current fiscal year	240		240		350
Originated two years before current fiscal year	320		320		3,415
Originated three years before current fiscal year	3,287		3,287		2,834
Originated four years before current fiscal year	2,703		2,703		847
Prior	$ 3,609		$ 3,609		$ 2,977

Outstanding Loans and Leases _7

Outstanding Loans and Leases and Allowance for Credit Losses - Home Equity - Credit Quality Indicators Including Vintage (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,056,785		$ 1,056,785		$ 1,053,732
Total gross charge-offs	1,779	$ 1,125	3,517	$ 2,180
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross charge-offs	8	$ 15	19	$ 29
Consumer real estate | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	25,442		25,442		25,527
Total gross charge-offs			6		36
Consumer real estate | Home equity | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	645		645		654
Consumer real estate | Home equity | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,087		1,087		1,107
Consumer real estate | Home equity | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	4,293		4,293		4,340
Consumer real estate | Home equity | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	19,417		19,417		19,426
Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,006		1,006		1,103
Total gross charge-offs			0		4
Consumer real estate | Home Equity Loans and Reverse Mortgages | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	97		97		123
Consumer real estate | Home Equity Loans and Reverse Mortgages | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	111		111		118
Consumer real estate | Home Equity Loans and Reverse Mortgages | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	211		211		240
Consumer real estate | Home Equity Loans and Reverse Mortgages | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	587		587		622
Consumer real estate | Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	694		694		763
Consumer real estate | Home Equity Loan no Longer Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	312		312		340
Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	20,793		20,793		20,451
Gross charge-offs, Revolving Loans			3		21
Consumer real estate | Revolving Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	282		282		253
Consumer real estate | Revolving Loans | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	620		620		589
Consumer real estate | Revolving Loans | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	3,226		3,226		3,156
Consumer real estate | Revolving Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	16,665		16,665		16,453
Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	3,643		3,643		3,973
Gross charge-offs, Revolving Loans Converted to Term Loans			3		11
Consumer real estate | Revolving Loans Converted to Term Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	266		266		278
Consumer real estate | Revolving Loans Converted to Term Loans | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	356		356		400
Consumer real estate | Revolving Loans Converted to Term Loans | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	856		856		944
Consumer real estate | Revolving Loans Converted to Term Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	2,165		2,165		2,351
Less than or equal to 90 percent | Consumer real estate | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	25,290		25,290		25,378
Less than or equal to 90 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	959		959		1,051
Less than or equal to 90 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	20,708		20,708		20,380
Less than or equal to 90 percent | Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	3,623		3,623		3,947
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	78		78		61
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	20		20		17
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	51		51		35
Greater than 90 percent but less than or equal to 100 percent | Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	7		7		9
Greater than 100 percent | Consumer real estate | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	74		74		88
Greater than 100 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	27		27		35
Greater than 100 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	34		34		36
Greater than 100 percent | Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	$ 13		$ 13		$ 17

Outstanding Loans and Leases _8

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - Credit Quality Indicators (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,056,785		$ 1,056,785		$ 1,053,732
Total gross charge-offs	1,779	$ 1,125	3,517	$ 2,180
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	103,834		103,834		103,468
Revolving Loans	49,619		49,619		48,908
Originated in current fiscal year	11,157		11,157		21,547
Originated in fiscal year before current fiscal year	17,719		17,719		15,794
Originated two years before current fiscal year	13,026		13,026		10,231
Originated three years before current fiscal year	7,462		7,462		3,428
Originated four years before current fiscal year	2,468		2,468		1,846
Prior	2,383		2,383		1,714
Revolving Loans	49,619		49,619		48,908
Total gross charge-offs			191		233
Gross charge-offs, Revolving Loans			3		5
Gross charge-offs, Originated in current fiscal year			5		32
Gross charge-offs, Originated in fiscal year before current fiscal year			70		95
Gross charge-offs, Originated two years before current fiscal year			59		53
Gross charge-offs, Originated three years before current fiscal year			29		15
Gross charge-offs, Originated four years before current fiscal year			7		10
Gross charge-offs, Prior			18		23
Gross charge-offs, Revolving Loans			3		5
Loans and lease receivable, securities based lending	49,500		49,500		48,800
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,354		1,354		1,246
Revolving Loans	11		11		11
Originated in current fiscal year	93		93		292
Originated in fiscal year before current fiscal year	394		394		428
Originated two years before current fiscal year	441		441		336
Originated three years before current fiscal year	287		287		85
Originated four years before current fiscal year	66		66		55
Prior	62		62		39
Revolving Loans	11		11		11
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,382		2,382		2,506
Revolving Loans	10		10		11
Originated in current fiscal year	346		346		937
Originated in fiscal year before current fiscal year	829		829		799
Originated two years before current fiscal year	645		645		501
Originated three years before current fiscal year	371		371		121
Originated four years before current fiscal year	91		91		73
Prior	90		90		64
Revolving Loans	10		10		11
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	8,022		8,022		8,629
Revolving Loans	43		43		48
Originated in current fiscal year	1,465		1,465		3,451
Originated in fiscal year before current fiscal year	2,719		2,719		2,582
Originated two years before current fiscal year	2,028		2,028		1,641
Originated three years before current fiscal year	1,160		1,160		462
Originated four years before current fiscal year	326		326		244
Prior	281		281		201
Revolving Loans	43		43		48
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	42,000		42,000		41,656
Revolving Loans	68		68		74
Originated in current fiscal year	9,183		9,183		16,761
Originated in fiscal year before current fiscal year	13,722		13,722		11,802
Originated two years before current fiscal year	9,753		9,753		7,643
Originated three years before current fiscal year	5,576		5,576		2,707
Originated four years before current fiscal year	1,948		1,948		1,417
Prior	1,750		1,750		1,252
Revolving Loans	68		68		74
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Total	50,076		50,076		49,431
Revolving Loans	49,487		49,487		48,764
Originated in current fiscal year	70		70		106
Originated in fiscal year before current fiscal year	55		55		183
Originated two years before current fiscal year	159		159		110
Originated three years before current fiscal year	68		68		53
Originated four years before current fiscal year	37		37		57
Prior	200		200		158
Revolving Loans	49,487		49,487		48,764
Credit Card and Direct/ Indirect Consumer | Credit card
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	98,457		98,457		101,323
Total Credit Card as of June 30, 2024	99,450		99,450		102,200
Revolving Loans	98,457		98,457		101,323
Revolving Loans Converted to Term Loans	993		993		877
Gross charge-offs, Revolving Loans			2,063		3,013
Gross charge-offs, Total Revolving Loans And Revolving Loans Converted to Term Loans			2,151		3,133
Gross charge-offs, Revolving Loans			2,063		3,013
Gross charge-offs, Revolving Loans Converted to Term Loans			88		120
Credit Card and Direct/ Indirect Consumer | Credit card | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	5,102		5,102		5,030
Total Credit Card as of June 30, 2024	5,450		5,450		5,338
Revolving Loans	5,102		5,102		5,030
Revolving Loans Converted to Term Loans	348		348		308
Credit Card and Direct/ Indirect Consumer | Credit card | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	10,947		10,947		11,345
Total Credit Card as of June 30, 2024	11,260		11,260		11,623
Revolving Loans	10,947		10,947		11,345
Revolving Loans Converted to Term Loans	313		313		278
Credit Card and Direct/ Indirect Consumer | Credit card | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	33,424		33,424		34,538
Total Credit Card as of June 30, 2024	33,696		33,696		34,777
Revolving Loans	33,424		33,424		34,538
Revolving Loans Converted to Term Loans	272		272		239
Credit Card and Direct/ Indirect Consumer | Credit card | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	48,984		48,984		50,410
Total Credit Card as of June 30, 2024	49,044		49,044		50,462
Revolving Loans	48,984		48,984		50,410
Revolving Loans Converted to Term Loans	60		60		52
Credit Card and Direct/ Indirect Consumer | Credit card | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	0		0		0
Total Credit Card as of June 30, 2024	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term Loans	$ 0		$ 0		$ 0

Outstanding Loans and Leases _9

Outstanding Loans and Leases and Allowance for Credit Losses - Commercial - Credit Quality Indicators (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,056,785		$ 1,056,785		$ 1,053,732
Total gross charge-offs	1,779	$ 1,125	3,517	$ 2,180
Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	3,197		3,197		3,569
Small Business Card Loans | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross charge-offs			234		317
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	599,841		599,841		593,767
Total gross charge-offs	504	$ 186	1,006	$ 366
Commercial | Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	2,966		2,966		3,326
Commercial | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	369,139		369,139		358,931
Originated in current fiscal year	19,327		19,327		42,120
Originated in fiscal year before current fiscal year	38,340		38,340		44,606
Originated two years before current fiscal year	38,722		38,722		28,446
Originated three years before current fiscal year	24,321		24,321		13,858
Originated four years before current fiscal year	12,381		12,381		12,309
Prior	39,174		39,174		31,265
Revolving Loans	196,874		196,874		186,327
Total gross charge-offs			174		191
Gross charge-offs, Originated in current fiscal year			1		5
Gross charge-offs, Originated in fiscal year before current fiscal year			12		38
Gross charge-offs, Originated two years before current fiscal year			51		29
Gross charge-offs, Originated three years before current fiscal year			6		4
Gross charge-offs, Originated four years before current fiscal year			3		2
Gross charge-offs, Prior			6		27
Gross charge-offs, Revolving Loans			95		86
Commercial | United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	356,198		356,198		347,563
Originated in current fiscal year	19,304		19,304		41,842
Originated in fiscal year before current fiscal year	37,676		37,676		43,290
Originated two years before current fiscal year	37,500		37,500		27,738
Originated three years before current fiscal year	23,372		23,372		13,495
Originated four years before current fiscal year	11,968		11,968		11,772
Prior	37,546		37,546		29,923
Revolving Loans	188,832		188,832		179,503
Commercial | United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	12,941		12,941		11,368
Originated in current fiscal year	23		23		278
Originated in fiscal year before current fiscal year	664		664		1,316
Originated two years before current fiscal year	1,222		1,222		708
Originated three years before current fiscal year	949		949		363
Originated four years before current fiscal year	413		413		537
Prior	1,628		1,628		1,342
Revolving Loans	8,042		8,042		6,824
Commercial | Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	122,183		122,183		124,581
Originated in current fiscal year	8,476		8,476		17,103
Originated in fiscal year before current fiscal year	15,429		15,429		15,994
Originated two years before current fiscal year	13,110		13,110		15,550
Originated three years before current fiscal year	14,217		14,217		2,495
Originated four years before current fiscal year	1,355		1,355		3,108
Prior	7,362		7,362		5,559
Revolving Loans	62,234		62,234		64,772
Total gross charge-offs			1		37
Gross charge-offs, Originated in current fiscal year			0		0
Gross charge-offs, Originated in fiscal year before current fiscal year			0		0
Gross charge-offs, Originated two years before current fiscal year			0		8
Gross charge-offs, Originated three years before current fiscal year			0		7
Gross charge-offs, Originated four years before current fiscal year			0		1
Gross charge-offs, Prior			0		0
Gross charge-offs, Revolving Loans			1		21
Commercial | Non United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	120,532		120,532		122,931
Originated in current fiscal year	8,476		8,476		17,053
Originated in fiscal year before current fiscal year	15,338		15,338		15,810
Originated two years before current fiscal year	13,013		13,013		15,256
Originated three years before current fiscal year	13,995		13,995		2,405
Originated four years before current fiscal year	1,337		1,337		2,950
Prior	7,228		7,228		5,485
Revolving Loans	61,145		61,145		63,972
Commercial | Non United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,651		1,651		1,650
Originated in current fiscal year	0		0		50
Originated in fiscal year before current fiscal year	91		91		184
Originated two years before current fiscal year	97		97		294
Originated three years before current fiscal year	222		222		90
Originated four years before current fiscal year	18		18		158
Prior	134		134		74
Revolving Loans	1,089		1,089		800
Commercial | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	70,284		70,284		72,878
Originated in current fiscal year	2,810		2,810		5,011
Originated in fiscal year before current fiscal year	5,079		5,079		16,896
Originated two years before current fiscal year	15,448		15,448		13,538
Originated three years before current fiscal year	13,050		13,050		4,808
Originated four years before current fiscal year	3,899		3,899		9,418
Prior	19,004		19,004		12,921
Revolving Loans	10,994		10,994		10,286
Total gross charge-offs			582		254
Gross charge-offs, Originated in current fiscal year			0		2
Gross charge-offs, Originated in fiscal year before current fiscal year			0		0
Gross charge-offs, Originated two years before current fiscal year			57		4
Gross charge-offs, Originated three years before current fiscal year			7		0
Gross charge-offs, Originated four years before current fiscal year			62		59
Gross charge-offs, Prior			435		189
Gross charge-offs, Revolving Loans			21		0
Commercial | Commercial real estate | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	61,996		61,996		64,150
Originated in current fiscal year	2,810		2,810		4,877
Originated in fiscal year before current fiscal year	4,905		4,905		16,147
Originated two years before current fiscal year	14,187		14,187		11,810
Originated three years before current fiscal year	11,244		11,244		4,026
Originated four years before current fiscal year	3,327		3,327		7,286
Prior	14,965		14,965		10,127
Revolving Loans	10,558		10,558		9,877
Commercial | Commercial real estate | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	8,288		8,288		8,728
Originated in current fiscal year	0		0		134
Originated in fiscal year before current fiscal year	174		174		749
Originated two years before current fiscal year	1,261		1,261		1,728
Originated three years before current fiscal year	1,806		1,806		782
Originated four years before current fiscal year	572		572		2,132
Prior	4,039		4,039		2,794
Revolving Loans	436		436		409
Commercial | Commercial real estate | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	64,400		64,400		66,800
Commercial | Commercial real estate | Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,900		5,900		6,100
Commercial | Commercial Lease Financing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	14,874		14,874		14,854
Originated in current fiscal year	1,700		1,700		4,197
Originated in fiscal year before current fiscal year	3,951		3,951		3,099
Originated two years before current fiscal year	2,750		2,750		2,419
Originated three years before current fiscal year	2,148		2,148		1,365
Originated four years before current fiscal year	1,318		1,318		1,206
Prior	3,007		3,007		2,568
Revolving Loans	0		0		0
Total gross charge-offs			1		2
Gross charge-offs, Originated in current fiscal year			0		0
Gross charge-offs, Originated in fiscal year before current fiscal year			0		0
Gross charge-offs, Originated two years before current fiscal year			0		1
Gross charge-offs, Originated three years before current fiscal year			1		1
Gross charge-offs, Originated four years before current fiscal year			0		0
Gross charge-offs, Prior			0		0
Gross charge-offs, Revolving Loans			0		0
Commercial | Commercial Lease Financing | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	14,663		14,663		14,688
Originated in current fiscal year	1,699		1,699		4,188
Originated in fiscal year before current fiscal year	3,912		3,912		3,077
Originated two years before current fiscal year	2,706		2,706		2,373
Originated three years before current fiscal year	2,116		2,116		1,349
Originated four years before current fiscal year	1,293		1,293		1,174
Prior	2,937		2,937		2,527
Revolving Loans	0		0		0
Commercial | Commercial Lease Financing | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	211		211		166
Originated in current fiscal year	1		1		9
Originated in fiscal year before current fiscal year	39		39		22
Originated two years before current fiscal year	44		44		46
Originated three years before current fiscal year	32		32		16
Originated four years before current fiscal year	25		25		32
Prior	70		70		41
Revolving Loans	0		0		0
Commercial | U.S. small business commercial | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	9,803		9,803		9,415
Originated in current fiscal year	912		912		1,892
Originated in fiscal year before current fiscal year	1,947		1,947		1,894
Originated two years before current fiscal year	1,842		1,842		1,645
Originated three years before current fiscal year	1,532		1,532		876
Originated four years before current fiscal year	746		746		784
Prior	2,382		2,382		1,893
Revolving Loans	442		442		431
Total gross charge-offs			14		43
Gross charge-offs, Originated in current fiscal year			0		1
Gross charge-offs, Originated in fiscal year before current fiscal year			0		2
Gross charge-offs, Originated two years before current fiscal year			0		2
Gross charge-offs, Originated three years before current fiscal year			0		19
Gross charge-offs, Originated four years before current fiscal year			4		3
Gross charge-offs, Prior			4		4
Gross charge-offs, Revolving Loans			6		12
Commercial | U.S. small business commercial | United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	9,380		9,380		9,031
Originated in current fiscal year	909		909		1,886
Originated in fiscal year before current fiscal year	1,911		1,911		1,830
Originated two years before current fiscal year	1,745		1,745		1,550
Originated three years before current fiscal year	1,410		1,410		836
Originated four years before current fiscal year	719		719		721
Prior	2,248		2,248		1,780
Revolving Loans	438		438		428
Commercial | U.S. small business commercial | United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	423		423		384
Originated in current fiscal year	3		3		6
Originated in fiscal year before current fiscal year	36		36		64
Originated two years before current fiscal year	97		97		95
Originated three years before current fiscal year	122		122		40
Originated four years before current fiscal year	27		27		63
Prior	134		134		113
Revolving Loans	4		4		3
Commercial | Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	586,283		586,283		580,659
Originated in current fiscal year	33,225		33,225		70,323
Originated in fiscal year before current fiscal year	64,746		64,746		82,489
Originated two years before current fiscal year	71,872		71,872		61,598
Originated three years before current fiscal year	55,268		55,268		23,402
Originated four years before current fiscal year	19,699		19,699		26,825
Prior	70,929		70,929		54,206
Revolving Loans	270,544		270,544		261,816
Total gross charge-offs			772		527
Gross charge-offs, Originated in current fiscal year			1		8
Gross charge-offs, Originated in fiscal year before current fiscal year			12		40
Gross charge-offs, Originated two years before current fiscal year			108		44
Gross charge-offs, Originated three years before current fiscal year			14		31
Gross charge-offs, Originated four years before current fiscal year			69		65
Gross charge-offs, Prior			445		220
Gross charge-offs, Revolving Loans			123		119
Commercial | Small Business Card Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	619		619		530
Commercial | Small Business Card Loans | Greater than or equal to 620 and less than 680
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,100		1,100		1,100
Commercial | Small Business Card Loans | Greater than or equal to 680 and less than 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	2,900		2,900		2,700
Commercial | Small Business Card Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,900		5,900		5,500
Commercial | Small Business Card Loans | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 10,600		$ 10,600		$ 9,800

Outstanding Loans and Leases_10

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Quality Indicators Narrative (Details) - USD ($) $ in Billions	Jun. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Commercial reservable criticized utilized exposure, amount	$ 24.8	$ 23.3
Commercial reservable criticized utilized exposure, percent	3.94%	3.74%

Outstanding Loans and Leases_11

Outstanding Loans and Leases and Allowance for Credit Losses - Loan Modifications to Borrowers in Financial Difficulty, Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Trial Modifications | Minimum
Financing Receivable, Modified [Line Items]
Term for contractual payments			3 months
Trial Modifications | Maximum
Financing Receivable, Modified [Line Items]
Term for contractual payments			4 months
Consumer real estate
Financing Receivable, Modified [Line Items]
Real estate acquired through foreclosure	$ 92		$ 92		$ 83
Loans with formal foreclosure proceeding in process	588		588		$ 633
Reclassified consumer real estate loans			56	$ 68
Total	105	$ 370	182	507
Total	445	507	445	507
Consumer real estate | Current
Financing Receivable, Modified [Line Items]
Total	296	290	296	290
Consumer real estate | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	74	117	74	117
Consumer real estate | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	75	100	75	100
Consumer real estate | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	83	53	144	106
Consumer real estate | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	$ 22	$ 317	$ 38	$ 401
Consumer real estate | Residential Mortgage And Home Equity Loan | Permanent Modification
Financing Receivable, Modified [Line Items]
Modified term			30 years
Consumer real estate | Residential Mortgage
Financing Receivable, Modified [Line Items]
Percentage of outstanding loans	0.04%	0.14%	0.07%	0.19%
Total	$ 95	$ 320	$ 164	$ 436
Total	388	436	388	436
Consumer real estate | Residential Mortgage | Current
Financing Receivable, Modified [Line Items]
Total	251	248	251	248
Consumer real estate | Residential Mortgage | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	71	105	71	105
Consumer real estate | Residential Mortgage | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	66	83	66	83
Consumer real estate | Residential Mortgage | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	$ 73	$ 44	$ 126	$ 88
Weighted-average Interest Rate Reduction	1.34%	1.62%	1.32%	1.57%
Weighted-average duration	9 years 2 months 12 days	10 years 2 months 12 days	9 years 1 month 6 days	8 years 7 months 6 days
Consumer real estate | Residential Mortgage | Permanent Modification | Minimum
Financing Receivable, Modified [Line Items]
Modified term			1 year
Consumer real estate | Residential Mortgage | Permanent Modification | Maximum
Financing Receivable, Modified [Line Items]
Modified term			20 years
Consumer real estate | Residential Mortgage | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	$ 22	$ 276	$ 38	$ 348
Weighted-average duration	5 months	6 months	7 months	8 months
Consumer real estate | Home equity
Financing Receivable, Modified [Line Items]
Percentage of outstanding loans	0.04%	0.19%	0.07%	0.28%
Total	$ 10	$ 50	$ 18	$ 71
Total	57	71	57	71
Consumer real estate | Home equity | Current
Financing Receivable, Modified [Line Items]
Total	45	42	45	42
Consumer real estate | Home equity | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	3	12	3	12
Consumer real estate | Home equity | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	9	17	9	17
Consumer real estate | Home equity | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	$ 10	$ 9	$ 18	$ 18
Weighted-average Interest Rate Reduction	2.42%	2.96%	2.60%	2.69%
Weighted-average duration	18 years 4 months 24 days	16 years 10 months 24 days	17 years 4 months 24 days	15 years 2 months 12 days
Consumer real estate | Home equity | Permanent Modification | Minimum
Financing Receivable, Modified [Line Items]
Modified term			1 year
Consumer real estate | Home equity | Permanent Modification | Maximum
Financing Receivable, Modified [Line Items]
Modified term			20 years
Consumer real estate | Home equity | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	$ 0	$ 41	$ 0	$ 53
Weighted-average duration		6 months		9 months
Credit card and other consumer
Financing Receivable, Modified [Line Items]
Percentage of outstanding loans	0.10%	0.08%	0.20%	0.15%
Total	$ 200	$ 168	$ 401	$ 303
Weighted-average Interest Rate Reduction	19.59%	19.02%	19.66%	18.82%
Total	$ 674	$ 303	$ 674	$ 303
Credit card and other consumer | Current
Financing Receivable, Modified [Line Items]
Total	566	237	566	237
Credit card and other consumer | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	58	35	58	35
Credit card and other consumer | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	50	31	$ 50	31
Credit card and other consumer | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Term for contractual payments			60 months
Credit card and other consumer | Interest Rate Reduction | Minimum
Financing Receivable, Modified [Line Items]
Term for contractual payments			6 months
Credit card and other consumer | Interest Rate Reduction | Maximum
Financing Receivable, Modified [Line Items]
Term for contractual payments			72 months
Credit card and other consumer | Principal Forgiveness
Financing Receivable, Modified [Line Items]
Total	29	14	$ 57	25
Commercial
Financing Receivable, Modified [Line Items]
Total	949	813	2,166	1,314
Total	3,071	1,314	3,071	1,314
Commercial | Current
Financing Receivable, Modified [Line Items]
Total	2,690	1,196	2,690	1,196
Commercial | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	101	41	101	41
Commercial | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	280	77	280	77
Commercial | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Total	0	0	36	0
Commercial | Payment Deferral
Financing Receivable, Modified [Line Items]
Total	$ 274	$ 101	$ 561	$ 160
Commercial | Commercial loans
Financing Receivable, Modified [Line Items]
Weighted-average duration	1 year 3 months 18 days	1 year 7 months 6 days	1 year 3 months 18 days	1 year 7 months 6 days
Lending commitments	$ 916	$ 687	$ 916	$ 687
Commercial | Commercial loans | Forbearance Program
Financing Receivable, Modified [Line Items]
Weighted-average duration	8 months	11 months	12 months	11 months
Commercial | Commercial loans | Payment Deferral | Minimum
Financing Receivable, Modified [Line Items]
Weighted-average duration			8 months
Commercial | Commercial loans | Payment Deferral | Maximum
Financing Receivable, Modified [Line Items]
Weighted-average duration			24 months

Outstanding Loans and Leases_12

Outstanding Loans and Leases and Allowance for Credit Losses - Modifications to Borrowers in Financial Difficulty and Financial Effect of Modified Loans (Details) - Consumer real estate - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Modified [Line Items]
Total	$ 105	$ 370	$ 182	$ 507
Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	22	317	38	401
Permanent Modification
Financing Receivable, Modified [Line Items]
Total	83	53	144	106
Residential Mortgage
Financing Receivable, Modified [Line Items]
Total	95	320	164	436
Residential Mortgage | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	$ 22	$ 276	$ 38	$ 348
Weighted-average duration	5 months	6 months	7 months	8 months
Residential Mortgage | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	$ 73	$ 44	$ 126	$ 88
Weighted-average duration	9 years 2 months 12 days	10 years 2 months 12 days	9 years 1 month 6 days	8 years 7 months 6 days
Weighted-average Interest Rate Reduction	1.34%	1.62%	1.32%	1.57%
Home equity
Financing Receivable, Modified [Line Items]
Total	$ 10	$ 50	$ 18	$ 71
Home equity | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	0	$ 41	0	$ 53
Weighted-average duration		6 months		9 months
Home equity | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	$ 10	$ 9	$ 18	$ 18
Weighted-average duration	18 years 4 months 24 days	16 years 10 months 24 days	17 years 4 months 24 days	15 years 2 months 12 days
Weighted-average Interest Rate Reduction	2.42%	2.96%	2.60%	2.69%

Outstanding Loans and Leases_13

Outstanding Loans and Leases and Allowance for Credit Losses - Payment Status of Modifications to Borrowers in Financial Difficulty (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consumer real estate
Financing Receivable, Modified [Line Items]
Total	$ 445	$ 507	$ 445	$ 507
Total	105	370	182	507
Consumer real estate | Current
Financing Receivable, Modified [Line Items]
Total	296	290	296	290
Consumer real estate | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	74	117	74	117
Consumer real estate | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	75	100	75	100
Consumer real estate | Residential mortgage
Financing Receivable, Modified [Line Items]
Total	388	436	388	436
Total	95	320	164	436
Consumer real estate | Residential mortgage | Current
Financing Receivable, Modified [Line Items]
Total	251	248	251	248
Consumer real estate | Residential mortgage | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	71	105	71	105
Consumer real estate | Residential mortgage | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	66	83	66	83
Consumer real estate | Home equity
Financing Receivable, Modified [Line Items]
Total	57	71	57	71
Total	10	50	18	71
Consumer real estate | Home equity | Current
Financing Receivable, Modified [Line Items]
Total	45	42	45	42
Consumer real estate | Home equity | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	3	12	3	12
Consumer real estate | Home equity | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	9	17	9	17
Commercial
Financing Receivable, Modified [Line Items]
Total	3,071	1,314	3,071	1,314
Total	$ 949	$ 813	$ 2,166	$ 1,314
Three Months Ended June 30, 2024	0.17%	0.15%	0.39%	0.24%
Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Total	$ 675	$ 712	$ 1,569	$ 1,154
Commercial | Forbearances
Financing Receivable, Modified [Line Items]
Total	274	101	561	160
Commercial | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Total	0	0	36	0
Commercial | United States
Financing Receivable, Modified [Line Items]
Total	1,213	567	1,213	567
Total	$ 473	$ 330	$ 884	$ 567
Three Months Ended June 30, 2024	0.13%	0.09%	0.24%	0.16%
Commercial | United States | Term Extension
Financing Receivable, Modified [Line Items]
Total	$ 470	$ 325	$ 875	$ 503
Commercial | United States | Forbearances
Financing Receivable, Modified [Line Items]
Total	3	5	9	64
Commercial | United States | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Total	0	0	0	0
Commercial | Non United States
Financing Receivable, Modified [Line Items]
Total	177	132	177	132
Total	$ 29	$ 121	$ 29	$ 132
Three Months Ended June 30, 2024	0.02%	0.10%	0.02%	0.11%
Commercial | Non United States | Term Extension
Financing Receivable, Modified [Line Items]
Total	$ 29	$ 121	$ 29	$ 132
Commercial | Non United States | Forbearances
Financing Receivable, Modified [Line Items]
Total	0	0	0	0
Commercial | Non United States | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Total	0	0	0	0
Commercial | Current
Financing Receivable, Modified [Line Items]
Total	2,690	1,196	2,690	1,196
Commercial | Current | United States
Financing Receivable, Modified [Line Items]
Total	1,191	497	1,191	497
Commercial | Current | Non United States
Financing Receivable, Modified [Line Items]
Total	177	132	177	132
Commercial | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	101	41	101	41
Commercial | 30–89 Days Past Due | United States
Financing Receivable, Modified [Line Items]
Total	10	41	10	41
Commercial | 30–89 Days Past Due | Non United States
Financing Receivable, Modified [Line Items]
Total	0	0	0	0
Commercial | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	280	77	280	77
Commercial | 90+ Days Past Due | United States
Financing Receivable, Modified [Line Items]
Total	12	29	12	29
Commercial | 90+ Days Past Due | Non United States
Financing Receivable, Modified [Line Items]
Total	0	0	0	0
Commercial | Commercial real estate
Financing Receivable, Modified [Line Items]
Total	1,681	615	1,681	615
Total	$ 447	$ 362	$ 1,253	$ 615
Three Months Ended June 30, 2024	0.64%	0.49%	1.78%	0.83%
Commercial | Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Total	$ 176	$ 266	$ 665	$ 519
Commercial | Commercial real estate | Forbearances
Financing Receivable, Modified [Line Items]
Total	271	96	552	96
Commercial | Commercial real estate | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Total	0	0	36	0
Commercial | Commercial real estate | Current
Financing Receivable, Modified [Line Items]
Total	1,322	567	1,322	567
Commercial | Commercial real estate | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	91	0	91	0
Commercial | Commercial real estate | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	$ 268	$ 48	$ 268	$ 48

Outstanding Loans and Leases_14

Outstanding Loans and Leases and Allowance for Credit Losses - Loans Held-for-sale and Accrued Interest Receivable (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 7,043,000,000		$ 7,043,000,000		$ 6,002,000,000
Originations and purchases			16,956,000,000	$ 7,345,000,000
Net non-cash transfers into LHFS			0	457,000,000
Accrued interest receivable	4,500,000,000		4,500,000,000		4,500,000,000
Credit card lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest and fee income reversed	215,000,000	$ 138,000,000	420,000,000	256,000,000
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 7,000,000,000		7,000,000,000		$ 6,000,000,000
Proceeds from sales and paydowns of loans originally classified as LHFS			15,700,000,000	7,400,000,000
Originations and purchases			$ 17,000,000,000	$ 7,300,000,000

Outstanding Loans and Leases_15

Outstanding Loans and Leases and Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)					$ (209)
Allowance for credit losses			$ 14,342	$ 14,338	14,342	$ 14,338
Loan and leases receivable, allowance, period decrease					104
Reserve for unfunded lending commitments, period decrease					105
Increase in provision for credit losses			383		771
Provision (benefit) for credit losses			1,508	1,125	2,827	2,056
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					3,400
Scenario, Forecast
Financing Receivable, Allowance for Credit Loss [Line Items]
Unemployment rate, current economic outlook	5%	4.50%
U.S. gross domestic product, current economic outlook	1.50%	1%
Consumer Portfolio Segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)					(33)
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)					(176)
Allowance for credit losses			5,773	6,502	5,773	6,502
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					6,400
Consumer real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)					(66)
Allowance for credit losses			402	513	402	513
Outstanding loans and leases, period increase (decrease), excluding loans accounted for under the fair value option					(3,000)
Credit card and other consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)					33
Allowance for credit losses			$ 8,167	$ 7,323	$ 8,167	$ 7,323

Outstanding Loans and Leases_16

Outstanding Loans and Leases and Allowance for Credit Losses - Allowance by Portfolio Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance	$ 13,213	$ 12,514	$ 13,342	$ 12,682	$ 12,682
Loans and leases charged off	(1,779)	(1,125)	(3,517)	(2,180)
Recoveries of loans and leases previously charged off	246	256	486	504
Net charge-offs	(1,533)	(869)	(3,031)	(1,676)
Provision for loan and lease losses	1,562	1,309	2,932	2,209
Other	(4)	(4)	(5)	(22)
Allowance for loan and lease losses, ending balance	13,238	12,950	13,238	12,950	13,342
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	1,158	1,437	1,209	1,540	1,540
Provision for unfunded lending commitments	(54)	(50)	(105)	(153)
Other		1		1
Reserve for unfunded lending commitments, ending balance	1,104	1,388	1,104	1,388	1,209
Allowance for credit losses	14,342	14,338	14,342	14,338
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance				(243)	(243)
Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance				12,439	12,439
Consumer real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance	355	403	386	420	420
Loans and leases charged off	(8)	(15)	(19)	(29)
Recoveries of loans and leases previously charged off	22	29	43	54
Net charge-offs	14	14	24	25
Provision for loan and lease losses	(22)	8	(64)	42
Other	0	2	1	7
Allowance for loan and lease losses, ending balance	347	427	347	427	386
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	57	93	82	94	94
Provision for unfunded lending commitments	(2)	(7)	(27)	(8)
Other		0		0
Reserve for unfunded lending commitments, ending balance	55	86	55	86	82
Allowance for credit losses	402	513	402	513
Consumer real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance				(67)	(67)
Consumer real estate | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance				353	353
Credit card and other consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance	8,121	6,958	8,134	6,817	6,817
Loans and leases charged off	(1,267)	(924)	(2,492)	(1,785)
Recoveries of loans and leases previously charged off	194	190	381	387
Net charge-offs	(1,073)	(734)	(2,111)	(1,398)
Provision for loan and lease losses	1,118	1,099	2,144	2,012
Other	1	0	0	1
Allowance for loan and lease losses, ending balance	8,167	7,323	8,167	7,323	8,134
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	0	0	0	0	0
Provision for unfunded lending commitments	0	0	0	0
Other		0		0
Reserve for unfunded lending commitments, ending balance	0	0	0	0	0
Allowance for credit losses	8,167	7,323	8,167	7,323
Credit card and other consumer | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance				(109)	(109)
Credit card and other consumer | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance				6,708	6,708
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance	4,737	5,153	4,822	5,445	5,445
Loans and leases charged off	(504)	(186)	(1,006)	(366)
Recoveries of loans and leases previously charged off	30	37	62	63
Net charge-offs	(474)	(149)	(944)	(303)
Provision for loan and lease losses	466	202	852	155
Other	(5)	(6)	(6)	(30)
Allowance for loan and lease losses, ending balance	4,724	5,200	4,724	5,200	4,822
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	1,101	1,344	1,127	1,446	1,446
Provision for unfunded lending commitments	(52)	(43)	(78)	(145)
Other		1		1
Reserve for unfunded lending commitments, ending balance	1,049	1,302	1,049	1,302	1,127
Allowance for credit losses	$ 5,773	$ 6,502	$ 5,773	6,502
Commercial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance				(67)	(67)
Commercial | Cumulative Effect, Period of Adoption, Adjusted Balance
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance				$ 5,378	$ 5,378

Securitizations and Other Var_3

Securitizations and Other Variable Interest Entities - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 957	$ 989

Securitizations and Other Var_4

Securitizations and Other Variable Interest Entities - First Lien Mortgage Securitizations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Residential Mortgage - Agency
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	$ 964	$ 908	$ 2,173	$ 2,255
Gains (losses) on securitizations	(2)	1	(2)	(4)
Repurchases from securitization trusts	8	5	16	14
Gain (loss) on loans securitized	8	7	13	17
Deconsolidation of securitizations	32	296	825	624
Commercial
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	5,723	455	7,032	597
Gains (losses) on securitizations	69	(1)	88	2
Repurchases from securitization trusts	0	0	0	0
First Lien Mortgages
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Mortgage loans serviced for investors	88,200	95,900	88,200	95,900
Servicing fees	58	$ 63	120	$ 132
Transfers continuing involvement servicing fee advances	$ 1,100		$ 1,100		$ 1,300

Securitizations and Other Var_5

Securitizations and Other Variable Interest Entities - Mortgage and Home Equity Securitizations (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
On-balance sheet assets
Trading account assets	$ 306,466		$ 277,354
Debt securities carried at fair value	301,051		276,852
Held-to-maturity securities	577,402		594,591
Loans and leases	1,056,785		1,053,732
Allowance for loan and lease losses	(13,238)	$ (13,213)	(13,342)	$ (12,950)	$ (12,514)	$ (12,682)
All other assets	157,898		160,875
Total assets	3,257,996		3,180,151	$ 3,123,198
Total liabilities	2,964,104		2,888,505
Consolidated VIEs
On-balance sheet assets
Trading account assets	5,647		6,054
Loans and leases	19,827		18,276
Allowance for loan and lease losses	(917)		(826)
All other assets	281		269
Total assets	24,838		23,773
Total liabilities	12,502		11,432
Agency | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	7,836		8,190
On-balance sheet assets
All other assets	0		0
Total assets	7,836		8,190
Principal balance outstanding	72,470		76,134
Agency | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,115		1,164
On-balance sheet assets
Trading account assets	1,115		1,171
Loans and leases	0		0
Allowance for loan and lease losses	0		0
All other assets	0		0
Total assets	1,115		1,171
Total liabilities	0		7
Agency | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	275		235
Debt securities carried at fair value	2,345		2,541
Held-to-maturity securities	5,216		5,414
Residential Mortgage | Prime and Alt-A | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	86		92
On-balance sheet assets
All other assets	2		4
Total assets	12		17
Principal balance outstanding	13,336		13,963
Residential Mortgage | Prime and Alt-A | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0		0
On-balance sheet assets
Trading account assets	0		0
Loans and leases	0		0
Allowance for loan and lease losses	0		0
All other assets	0		0
Total assets	0		0
Total liabilities	0		0
Residential Mortgage | Prime and Alt-A | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	10		13
Debt securities carried at fair value	0		0
Held-to-maturity securities	0		0
Residential Mortgage | Subprime | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	602		657
On-balance sheet assets
All other assets	22		23
Total assets	332		384
Principal balance outstanding	4,454		4,508
Residential Mortgage | Subprime | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0		0
On-balance sheet assets
Trading account assets	0		0
Loans and leases	0		0
Allowance for loan and lease losses	0		0
All other assets	0		0
Total assets	0		0
Total liabilities	0		0
Residential Mortgage | Subprime | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	20		20
Debt securities carried at fair value	290		341
Held-to-maturity securities	0		0
Home Equity | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0		0
On-balance sheet assets
All other assets	0		0
Total assets	0		0
Principal balance outstanding	208		252
Home Equity | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	11		12
On-balance sheet assets
Trading account assets	0		0
Loans and leases	27		31
Allowance for loan and lease losses	6		7
All other assets	1		1
Total assets	34		39
Total liabilities	23		27
Home Equity | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0		0
Debt securities carried at fair value	0		0
Held-to-maturity securities	0		0
Commercial Mortgage
On-balance sheet assets
Debt securities carried at fair value	12,032
Commercial Mortgage | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,622		1,558
On-balance sheet assets
All other assets	32		79
Total assets	1,532		1,436
Principal balance outstanding	88,813		80,078
Commercial Mortgage | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0		0
On-balance sheet assets
Trading account assets	0		0
Loans and leases	0		0
Allowance for loan and lease losses	0		0
All other assets	0		0
Total assets	0		0
Total liabilities	0		0
Commercial Mortgage | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	238		70
Debt securities carried at fair value	0		0
Held-to-maturity securities	$ 1,262		$ 1,287

Securitizations and Other Var_6

Securitizations and Other Variable Interest Entities - Other Asset-backed Securitizations, Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Variable Interest Entity [Line Items]
Carrying value of receivables in trusts	$ 1,056,785		$ 1,056,785		$ 1,053,732
Long-term debt	290,474		290,474		302,204
Total assets	3,257,996	$ 3,123,198	3,257,996	$ 3,123,198	3,180,151
Customer Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	1,000		1,000		952
Collateralized Debt Obligations
Variable Interest Entity [Line Items]
Maximum loss exposure	80		80		80
Investment Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	2,200		2,200		2,600
Tax Credit Vehicles
Variable Interest Entity [Line Items]
Investments in affordable housing project investments	16,200		16,200		15,800
Unfunded commitments	7,400		$ 7,400		7,200
Unfunded commitment payment period			5 years
Tax credits and other benefits	562	517	$ 1,100	1,000
Pretax losses	409	383	822	756
Renewable Energy Investments
Variable Interest Entity [Line Items]
Equity investments	13,400		13,400		14,200
Unfunded capital contributions	5,500		$ 5,500		6,200
Term of unfunded capital contributions (in years)			2 years
Tax credits and other tax benefits related to renewable energy investments	894	1,100	$ 1,900	2,100
Pretax losses in renewable energy investments	591	567	1,300	1,100
Consolidated VIEs
Variable Interest Entity [Line Items]
Carrying value of receivables in trusts	19,827		19,827		18,276
Long-term debt	9,137		9,137		8,456
Total assets	24,838		24,838		23,773
Consolidated VIEs | Investment Vehicles
Variable Interest Entity [Line Items]
Total assets	3		3		472
Consolidated VIEs | Leveraged Lease Trusts
Variable Interest Entity [Line Items]
Total assets	1,100		1,100		1,100
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	957		957		989
Unconsolidated VIEs | Investment Vehicles
Variable Interest Entity [Line Items]
Total assets	20,700		20,700		18,400
Unconsolidated VIEs | Tax Credit Vehicles
Variable Interest Entity [Line Items]
Total assets	83,300		83,300		84,100
Credit Card and Automobile | Consolidated VIEs
Variable Interest Entity [Line Items]
Carrying value of receivables in trusts	18,729		18,729		16,640
Long-term debt	8,552		8,552		7,825
Maximum loss exposure	9,433		9,433		8,127
Total assets	18,007		18,007		15,971
Credit Card and Automobile | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Carrying value of receivables in trusts	0		0		0
Maximum loss exposure	0		0		0
Total assets	0		0		0
Resecuritization Trusts
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	3,800	4,100	6,600	5,800
Securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	795	$ 478	883	$ 1,100
Municipal Bonds | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 1,800		$ 1,800		$ 1,700
Weighted average remaining life of bonds held in the trusts in years			11 years 9 months 18 days

Securitizations and Other Var_7

Securitizations and Other Variable Interest Entities - Other Asset-backed VIEs (Details) - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
On-balance sheet assets
Trading account assets	$ 306,466		$ 277,354
Debt securities carried at fair value	301,051		276,852
Held-to-maturity securities	577,402		594,591
Loans and leases	1,056,785		1,053,732
Allowance for loan and lease losses	(13,238)	$ (13,213)	(13,342)	$ (12,950)	$ (12,514)	$ (12,682)
Other assets	157,898		160,875
Total assets	3,257,996		3,180,151	$ 3,123,198
On-balance sheet liabilities
Long-term debt	290,474		302,204
Total liabilities	2,964,104		2,888,505
Consolidated VIEs
On-balance sheet assets
Trading account assets	5,647		6,054
Loans and leases	19,827		18,276
Allowance for loan and lease losses	(917)		(826)
Other assets	281		269
Total assets	24,838		23,773
On-balance sheet liabilities
Long-term debt	9,137		8,456
All other liabilities	22		19
Total liabilities	12,502		11,432
Credit Card and Automobile | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	0		0
On-balance sheet assets
Loans and leases	0		0
Allowance for loan and lease losses	0		0
Other assets	0		0
Total retained positions	0		0
Total assets	0		0
Credit Card and Automobile | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	9,433		8,127
On-balance sheet assets
Trading account assets	0		0
Debt securities carried at fair value	0		0
Loans and leases	18,729		16,640
Allowance for loan and lease losses	(922)		(832)
Other assets	200		163
Total assets	18,007		15,971
On-balance sheet liabilities
Short-term borrowings	0		0
Long-term debt	8,552		7,825
All other liabilities	22		19
Total liabilities	8,574		7,844
Residual interests	4,400		3,200
Credit Card and Automobile | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	0		0
Debt securities carried at fair value	0		0
Held-to-maturity securities	0		0
Resecuritization Trusts and Customer VIEs | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	5,037		4,494
On-balance sheet assets
Loans and leases	0		0
Allowance for loan and lease losses	0		0
Other assets	774		711
Total retained positions	5,037		4,494
Total assets	16,727		15,862
Resecuritization Trusts and Customer VIEs | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	497		1,240
On-balance sheet assets
Trading account assets	1,018		1,798
Debt securities carried at fair value	0		0
Loans and leases	0		0
Allowance for loan and lease losses	0		0
Other assets	39		38
Total assets	1,057		1,836
On-balance sheet liabilities
Short-term borrowings	0		0
Long-term debt	560		596
All other liabilities	0		0
Total liabilities	560		596
Resecuritization Trusts and Customer VIEs | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	1,301		626
Debt securities carried at fair value	852		920
Held-to-maturity securities	2,110		2,237
Municipal Bond Trusts and CDOs | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,874		1,787
On-balance sheet assets
Loans and leases	0		0
Allowance for loan and lease losses	0		0
Other assets	6		7
Total retained positions	31		30
Total assets	7,531		9,279
Municipal Bond Trusts and CDOs | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	3,539		3,136
On-balance sheet assets
Trading account assets	3,512		3,084
Debt securities carried at fair value	27		52
Loans and leases	0		0
Allowance for loan and lease losses	0		0
Other assets	0		0
Total assets	3,539		3,136
On-balance sheet liabilities
Short-term borrowings	3,343		2,934
Long-term debt	0		0
All other liabilities	0		0
Total liabilities	3,343		2,934
Municipal Bond Trusts and CDOs | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	25		23
Debt securities carried at fair value	0		0
Held-to-maturity securities	0		0
Investment VIEs and Leveraged Lease Trusts | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	2,160		2,197
On-balance sheet assets
Loans and leases	68		90
Allowance for loan and lease losses	(4)		(12)
Other assets	1,299		1,168
Total retained positions	1,665		1,719
Total assets	20,708		18,398
Investment VIEs and Leveraged Lease Trusts | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,084		1,596
On-balance sheet assets
Trading account assets	2		1
Debt securities carried at fair value	0		0
Loans and leases	1,071		1,605
Allowance for loan and lease losses	(1)		(1)
Other assets	14		15
Total assets	1,086		1,620
On-balance sheet liabilities
Short-term borrowings	0		23
Long-term debt	2		1
All other liabilities	0		0
Total liabilities	2		24
Investment VIEs and Leveraged Lease Trusts | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	298		469
Debt securities carried at fair value	4		4
Held-to-maturity securities	$ 0		$ 0

Securitizations and Other Var_8

Securitizations and Other Variable Interest Entities - Unconsolidated Tax Credit VIEs (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
On-balance sheet assets
All other assets	$ 157,898	$ 160,875
Total assets	3,257,996	3,180,151	$ 3,123,198
On-balance sheet liabilities
Total liabilities	2,964,104	2,888,505
Tax Credit Vehicles | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	29,594	30,040
On-balance sheet assets
All other assets	29,594	30,040
Total assets	29,594	30,040
On-balance sheet liabilities
All other liabilities	7,396	7,254
Total liabilities	7,396	7,254
Other Variable Interest Entities
On-balance sheet liabilities
Total assets of VIEs	$ 83,334	$ 84,148

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Goodwill [Line Items]
Total goodwill	$ 69,021	$ 69,021
Operating Segments | Consumer Banking
Goodwill [Line Items]
Total goodwill	30,137	30,137
Operating Segments | Global Wealth & Investment Management
Goodwill [Line Items]
Total goodwill	9,677	9,677
Operating Segments | Global Banking
Goodwill [Line Items]
Total goodwill	24,026	24,026
Operating Segments | Global Markets
Goodwill [Line Items]
Total goodwill	$ 5,181	$ 5,181

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net (excluding goodwill)	$ 2,000		$ 2,000		$ 2,000
Amortization of intangibles	20	$ 20	39	$ 39
Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net (excluding goodwill)	$ 1,600		$ 1,600		$ 1,600

Leases - Lessor Arrangements (D

Leases - Lessor Arrangements (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Lease receivables	$ 17,068	$ 16,565
Unguaranteed residuals	2,430	2,485
Total net investment in sales-type and direct financing leases	19,498	19,050
Unguaranteed residual asset with third-party residual value insurance	$ 7,300	$ 6,800

Leases - Lease Income (Details)

Leases - Lease Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating Lease Income, Comprehensive Income, Extensible List Not Disclosed Flag	Operating leases	Operating leases	Operating leases	Operating leases
Sales-type and direct financing leases	$ 262	$ 181	$ 512	$ 353
Operating leases	227	234	454	472
Total lease income	$ 489	$ 415	$ 966	$ 825

Leases - Supplemental Informati

Leases - Supplemental Information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Right-of-use assets	$ 8,707	$ 9,150
Lease liabilities	$ 9,310	$ 9,782

Securities Financing Agreemen_3

Securities Financing Agreements, Collateral and Restricted Cash - Securities Financing Agreements (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Securities borrowed or purchased under agreements to resell
Gross Assets/Liabilities	$ 755,382	$ 703,641
Amounts Offset	(417,630)	(423,017)
Net Balance Sheet Amount	337,752	280,624
Financial Instruments	(309,130)	(257,541)
Net Assets/Liabilities	28,622	23,083
Securities loaned or sold under agreements to repurchase
Gross Liabilities	785,736	706,904
Amounts Offset	(417,630)	(423,017)
Net Balance Sheet Amount	368,106	283,887
Financial Instruments	(346,566)	(272,285)
Net Liabilities	21,540	11,602
Other
Gross Liabilities	12,773	10,066
Amounts Offset	0	0
Net Balance Sheet Amount	12,773	10,066
Financial Instruments	(12,773)	(10,066)
Net Liabilities	0	0
Total Securities Financing Agreements Liability
Gross Liabilities	798,509	716,970
Amounts Offset	(417,630)	(423,017)
Net Balance Sheet Amount	380,879	293,953
Financial Instruments	(359,339)	(282,351)
Net Liabilities	21,540	11,602
Loans and leases repurchase activity	$ 12,600	$ 8,700

Securities Financing Agreemen_4

Securities Financing Agreements, Collateral and Restricted Cash - Remaining Contractual Maturity (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) agreement	Dec. 31, 2023 USD ($) agreement
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 696,646	$ 623,797
Securities loaned	89,090	83,107
Other	12,773	10,066
Total	$ 798,509	$ 716,970
Number of contractual agreements | agreement	0	0
Maximum agreement maturity period (less than)	4 years	4 years
Overnight and Continuous
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 259,817	$ 234,974
Securities loaned	79,861	76,580
Other	12,773	10,066
Total	352,451	321,620
30 Days or Less
Remaining Contractual Maturity
Securities sold under agreements to repurchase	232,017	228,627
Securities loaned	284	139
Other	0	0
Total	232,301	228,766
After 30 Days Through 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	95,737	85,176
Securities loaned	1,005	618
Other	0	0
Total	96,742	85,794
Greater than 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	109,075	75,020
Securities loaned	7,940	5,770
Other	0	0
Total	$ 117,015	$ 80,790

Securities Financing Agreemen_5

Securities Financing Agreements, Collateral and Restricted Cash - Class of Collateral Pledged (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	$ 696,646	$ 623,797
Securities Loaned	89,090	83,107
Other	12,773	10,066
Total	798,509	716,970
U.S. government and agency securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	380,642	352,950
Securities Loaned	138	34
Other	23	38
Total	380,803	353,022
Corporate securities, trading loans and other
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	32,720	23,242
Securities Loaned	1,889	1,805
Other	865	661
Total	35,474	25,708
Equity securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	25,946	11,517
Securities Loaned	87,031	81,266
Other	11,885	9,367
Total	124,862	102,150
Non-U.S. sovereign debt
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	251,899	231,140
Securities Loaned	32	2
Other	0	0
Total	251,931	231,142
Mortgage trading loans and ABS
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	5,439	4,948
Securities Loaned	0	0
Other	0	0
Total	$ 5,439	$ 4,948

Securities Financing Agreemen_6

Securities Financing Agreements, Collateral and Restricted Cash - Collateral (Details) - USD ($) $ in Billions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Securities Financing Agreements, Collateral and Restricted Cash [Abstract]
Securities held as collateral, fair value	$ 975.8	$ 911.3
Securities received as collateral, amount re-pledged and sold	$ 934.1	$ 870.9

Securities Financing Agreemen_7

Securities Financing Agreements, Collateral and Restricted Cash - Restricted Cash (Details) - USD ($) $ in Billions	Jun. 30, 2024	Dec. 31, 2023
Securities Financing Agreements, Collateral and Restricted Cash [Abstract]
Restricted cash	$ 5.4	$ 5.6

Commitments and Contingencies -

Commitments and Contingencies - Credit Extension Commitments Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Legally binding unfunded commitments syndicated	$ 10,300	$ 10,300
Credit extension commitments, carrying value	1,100	1,200
Notional amount of credit extension commitments under fair value option	3,200	2,600
Unfunded loan commitments
Other Commitments [Line Items]
Fair value carrying amount, liabilities	$ 73	$ 67

Commitments and Contingencies_2

Commitments and Contingencies - Credit Extension Commitments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Expire in One Year or Less	$ 600,775	$ 589,358
Expire After One Year Through Three Years	234,062	217,890
Expire After Three Years Through Five Years	196,948	207,940
Expire After Five Years	41,460	39,077
Total	1,073,245	1,054,265
Legally binding commitments
Other Commitments [Line Items]
Expire in One Year or Less	148,137	149,030
Expire After One Year Through Three Years	234,062	217,890
Expire After Three Years Through Five Years	196,948	207,940
Expire After Five Years	41,460	39,077
Total	620,607	613,937
Loan commitments
Other Commitments [Line Items]
Expire in One Year or Less	122,111	124,298
Expire After One Year Through Three Years	214,908	198,818
Expire After Three Years Through Five Years	184,093	193,878
Expire After Five Years	17,930	15,386
Total	539,042	532,380
Unfunded loan commitment, held as a security
Other Commitments [Line Items]
Total	4,600	3,100
Home equity lines of credit
Other Commitments [Line Items]
Expire in One Year or Less	3,407	2,775
Expire After One Year Through Three Years	10,109	9,182
Expire After Three Years Through Five Years	9,910	11,195
Expire After Five Years	21,849	21,975
Total	45,275	45,127
Standby letters of credit and financial guarantees
Other Commitments [Line Items]
Expire in One Year or Less	21,830	21,067
Expire After One Year Through Three Years	8,871	9,633
Expire After Three Years Through Five Years	2,779	2,693
Expire After Five Years	586	652
Total	34,066	34,045
Standby letters of credit and financial guarantees | Credit Card and Other Consumer
Other Commitments [Line Items]
Total	864	744
Standby letters of credit and financial guarantees | Investment grade
Other Commitments [Line Items]
Total	23,400	23,600
Standby letters of credit and financial guarantees | Non-investment grade
Other Commitments [Line Items]
Total	9,800	9,700
Letters of credit
Other Commitments [Line Items]
Expire in One Year or Less	776	873
Expire After One Year Through Three Years	141	207
Expire After Three Years Through Five Years	63	66
Expire After Five Years	59	29
Total	1,039	1,175
Other commitments
Other Commitments [Line Items]
Expire in One Year or Less	13	17
Expire After One Year Through Three Years	33	50
Expire After Three Years Through Five Years	103	108
Expire After Five Years	1,036	1,035
Total	1,185	1,210
Credit card lines
Other Commitments [Line Items]
Expire in One Year or Less	452,638	440,328
Expire After One Year Through Three Years	0	0
Expire After Three Years Through Five Years	0	0
Expire After Five Years	0	0
Total	$ 452,638	$ 440,328

Commitments and Contingencies_3

Commitments and Contingencies - Other Commitments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Payment for half of subscribed shares	$ 5,400	$ 5,400
Resale And Forward-Dated Resale And Securities Borrowing Agreements And Forward-Dated Repurchase And Securities Lending Agreements
Loss Contingencies [Line Items]
Other commitment, expiration term (in months)	12 months
Resale and Forward-Dated Resale and Securities Borrowing Agreements
Loss Contingencies [Line Items]
Other commitments	$ 126,300	117,000
Forward-Dated Repurchase and Securities Lending Agreements
Loss Contingencies [Line Items]
Other commitments	94,300	63,000
Auto Loans and Leases
Loss Contingencies [Line Items]
Other commitment, due in next twelve months	$ 4,000	4,000
Other commitment, termination prior notice period	12 months
Equity Investment Commitments
Loss Contingencies [Line Items]
Other commitments	$ 478	477
Residential and Commercial Portfolio Segments | Loan Purchase Commitments | Residential and Commercial Financing Receivable
Loss Contingencies [Line Items]
Other commitments	540	822
Commercial | Loan Purchase Commitments
Loss Contingencies [Line Items]
Other commitments	$ 1,300	$ 420

Commitments and Contingencies_4

Commitments and Contingencies - Other Guarantees (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Loss contingency accrual	$ 2,500	$ 2,100
Subsidiary, ownership interest, percentage	100%
Merchant Processing Servicers, Sponsored Entities
Loss Contingencies [Line Items]
Transactions processed by sponsored entities	$ 225,000
Life Insurance Book Value Protection
Loss Contingencies [Line Items]
Notional amount of derivatives	3,300	3,800
Maximum potential exposure	508	577
FICC Repo Program
Loss Contingencies [Line Items]
Maximum potential exposure	131,700	132,500
Representations and Warranties Obligations and Corporate Guarantees
Loss Contingencies [Line Items]
Loss contingency accrual	$ 265	$ 604

Commitments and Contingencies_5

Commitments and Contingencies - Other Contingencies (Details) - USD ($) $ in Billions	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Loss contingency accrual	$ 2.5	$ 2.1

Commitments and Contingencies_6

Commitments and Contingencies - Litigation and Regulatory Matters (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Loss Contingencies [Line Items]
Litigation settlement expense	$ 53,000,000	$ 276,000,000	$ 151,000,000	$ 365,000,000
Minimum
Loss Contingencies [Line Items]
Estimated range of possible loss	0		0
Maximum
Loss Contingencies [Line Items]
Estimated range of possible loss	$ 800,000,000		$ 800,000,000

Shareholders' Equity - Declared

Shareholders' Equity - Declared Quarterly Cash Dividends on Common Stock (Details) - $ / shares	Jul. 24, 2024	Apr. 25, 2024	Jan. 31, 2024
Dividends Payable [Line Items]
Dividends per share (in dollars per share)		$ 0.24	$ 0.24
Subsequent Event
Dividends Payable [Line Items]
Dividends per share (in dollars per share)	$ 0.26

Shareholders' Equity - Common S

Shareholders' Equity - Common Stock Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions				3 Months Ended		6 Months Ended
	Jul. 24, 2024	Apr. 25, 2024	Jan. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Class of Stock [Line Items]
Common stock repurchased, including excise taxes				$ 3,535	$ 550	$ 6,035	$ 2,765
Shares reserved for future issuance (in shares)				555		555
Dividends per share (in dollars per share)		$ 0.24	$ 0.24
Subsequent Event
Class of Stock [Line Items]
Dividends per share (in dollars per share)	$ 0.26
Common Stock
Class of Stock [Line Items]
Common stock repurchased (in shares)				93		165
Common stock repurchased, including excise taxes				$ 3,500		$ 6,000
Stock issued (in shares)						71
Shares paid for tax withholding for share based compensation (in shares)						26

Shareholders' Equity - Preferre

Shareholders' Equity - Preferred Stock Narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Preferred Stock Exchanges [Line Items]
Preferred stock dividends	$ 310	$ 532	$ 306	$ 842	$ 811
Series U Preferred Stock
Preferred Stock Exchanges [Line Items]
Values of preferred stock redeemed	1,000			1,000
Series JJ Preferred Stock
Preferred Stock Exchanges [Line Items]
Values of preferred stock redeemed	$ 854			$ 854

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in Accumulated OCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 293,552	$ 280,196	$ 291,646	$ 273,197
Net change	428	(2,215)	159	414
Ending balance	293,892	283,319	293,892	283,319
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(18,057)	(18,527)	(17,788)	(21,156)
Ending balance	(17,629)	(20,742)	(17,629)	(20,742)
Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(2,410)	(2,983)
Net change			27	723
Ending balance	(2,383)	(2,260)	(2,383)	(2,260)
Debit Valuation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(1,567)	(881)
Net change			(135)	(394)
Ending balance	(1,702)	(1,275)	(1,702)	(1,275)
Derivatives
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(8,016)	(11,935)
Net change			270	49
Ending balance	(7,746)	(11,886)	(7,746)	(11,886)
Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(4,748)	(4,309)
Net change			48	19
Ending balance	(4,700)	(4,290)	(4,700)	(4,290)
Foreign Currency
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(1,047)	(1,048)
Net change			(51)	17
Ending balance	$ (1,098)	$ (1,031)	$ (1,098)	$ (1,031)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in OCI Components Pre- and After-tax (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
After- tax
Comprehensive income (loss)	$ 7,325	$ 5,193	$ 13,730	$ 15,983
Total other comprehensive income (loss)
Pretax
Net change			555	429
Tax effect
Net change			(396)	(15)
After- tax
Comprehensive income (loss)			159	414
Debt Securities
Pretax
Net increase (decrease) in fair value			54	557
Net realized (gains) losses reclassified into earnings			(14)	404
Net change			40	961
Tax effect
Net increase (decrease) in fair value			(17)	(137)
Net realized (gains) losses reclassified into earnings			4	(101)
Net change			(13)	(238)
After- tax
Net increase (decrease) in fair value			37	420
Net realized (gains) losses reclassified into earnings			(10)	303
Comprehensive income (loss)			27	723
Debit Valuation Adjustments
Pretax
Net increase (decrease) in fair value			(188)	(526)
Net realized (gains) losses reclassified into earnings			9	4
Net change			(179)	(522)
Tax effect
Net increase (decrease) in fair value			47	129
Net realized (gains) losses reclassified into earnings			(3)	(1)
Net change			44	128
After- tax
Net increase (decrease) in fair value			(141)	(397)
Net realized (gains) losses reclassified into earnings			6	3
Comprehensive income (loss)			(135)	(394)
Derivatives
Pretax
Net increase (decrease) in fair value			(1,027)	(280)
Net realized (gains) losses reclassified into earnings			1,384	341
Net change			357	61
Tax effect
Net increase (decrease) in fair value			259	73
Net realized (gains) losses reclassified into earnings			(346)	(85)
Net change			(87)	(12)
After- tax
Net increase (decrease) in fair value			(768)	(207)
Net realized (gains) losses reclassified into earnings			1,038	256
Comprehensive income (loss)			270	49
Derivatives | Net interest income
Pretax
Net realized (gains) losses reclassified into earnings			1,342	352
Tax effect
Net realized (gains) losses reclassified into earnings			(336)	(88)
After- tax
Net realized (gains) losses reclassified into earnings			1,006	264
Derivatives | Market making and similar activities
Pretax
Net realized (gains) losses reclassified into earnings			59	0
Tax effect
Net realized (gains) losses reclassified into earnings			(14)	0
After- tax
Net realized (gains) losses reclassified into earnings			45	0
Derivatives | Compensation and benefits expense
Pretax
Net realized (gains) losses reclassified into earnings			(17)	(11)
Tax effect
Net realized (gains) losses reclassified into earnings			4	3
After- tax
Net realized (gains) losses reclassified into earnings			(13)	(8)
Employee Benefit Plans
Pretax
Net realized (gains) losses reclassified into earnings			61	27
Net change			61	27
Tax effect
Net realized (gains) losses reclassified into earnings			(13)	(8)
Net change			(13)	(8)
After- tax
Net realized (gains) losses reclassified into earnings			48	19
Comprehensive income (loss)			48	19
Foreign Currency
Pretax
Net increase (decrease) in fair value			276	(97)
Net realized (gains) losses reclassified into earnings			0	(1)
Net change			276	(98)
Tax effect
Net increase (decrease) in fair value			(327)	114
Net realized (gains) losses reclassified into earnings			0	1
Net change			(327)	115
After- tax
Net increase (decrease) in fair value			(51)	17
Net realized (gains) losses reclassified into earnings			0	0
Comprehensive income (loss)			$ (51)	$ 17

Earnings Per Common Share - Bas

Earnings Per Common Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings per common share
Net income	$ 6,897	$ 7,408	$ 13,571	$ 15,569
Preferred stock dividends	(315)	(306)	(847)	(811)
Net income applicable to common shareholders	$ 6,582	$ 7,102	$ 12,724	$ 14,758
Average common shares issued and outstanding (in shares)	7,897.9	8,040.9	7,933.3	8,053.5
Earnings per common share (in dollars per share)	$ 0.83	$ 0.88	$ 1.60	$ 1.83
Diluted earnings per common share
Net income applicable to common shareholders	$ 6,582	$ 7,102	$ 12,724	$ 14,758
Add preferred stock dividends due to assumed conversions	0	0	0	111
Net income allocated to common shareholders	$ 6,582	$ 7,102	$ 12,724	$ 14,869
Average common shares issued and outstanding (in shares)	7,897.9	8,040.9	7,933.3	8,053.5
Dilutive potential common shares (in shares)	63	39.8	62.9	109.1
Total diluted average common shares issued and outstanding (in shares)	7,960.9	8,080.7	7,996.2	8,162.6
Diluted earnings per common share (in dollars per share)	$ 0.83	$ 0.88	$ 1.59	$ 1.82

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024
Series L Preferred Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive shares (in shares)	62	62	62

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Assets
Time deposits placed and other short-term investments	$ 1,200	$ 1,200
Federal funds sold and securities borrowed or purchased under agreements to resell	167,835	133,053
Trading account assets	306,466	277,354
Derivative assets	283,300	290,300
Derivative assets	35,956	39,323
Total AFS debt securities	291,295	266,649
Other debt securities carried at fair value	9,756	10,203
Loans and leases	3,197	3,569
Loans held-for-sale	1,572	2,059
Other assets	15,314	11,861
Liabilities
Interest-bearing deposits in U.S. offices	370	284
Federal funds purchased and securities loaned or sold under agreements to repurchase	214,719	178,609
Derivative liabilities	292,900	301,200
Derivative liabilities	40,508	43,432
Short-term borrowings	7,200	4,690
Long-term debt	46,875	42,809
U.S. Treasury and government agencies
Assets
Total AFS debt securities	200,280	177,666
Agency
Assets
Total AFS debt securities	35,362	37,812
Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	9,444	2,544
Non-agency residential
Assets
Total AFS debt securities	285	382
Commercial
Assets
Total AFS debt securities	12,021	10,435
Other taxable securities
Assets
Total AFS debt securities	2,194	4,835
Tax-exempt securities
Assets
Total AFS debt securities	10,324	10,100
Recurring
Assets
Time deposits placed and other short-term investments	1,204	1,181
Netting adjustments	(307,131)	(303,287)
Federal funds sold and securities borrowed or purchased under agreements to resell	167,835	133,053
Trading account assets	306,466	277,354
Netting adjustments	(247,347)	(251,019)
Derivative assets	35,956	39,323
Total AFS debt securities	291,295	266,649
Other debt securities carried at fair value	9,756	10,203
Loans and leases	3,197	3,569
Loans held-for-sale	1,572	2,059
Other assets	15,314	11,861
Total assets	832,595	745,252
Netting adjustments	(554,478)	(554,306)
Liabilities
Interest-bearing deposits in U.S. offices	370	284
Federal funds purchased and securities loaned or sold under agreements to repurchase	214,719	178,609
Netting adjustments	(307,131)	(303,287)
Total trading account liabilities	100,345	95,530
Netting adjustments	(252,439)	(257,767)
Derivative liabilities	40,508	43,432
Short-term borrowings	7,200	4,690
Accrued expenses and other liabilities	15,064	11,473
Long-term debt	46,875	42,809
Total liabilities	425,081	376,827
Netting adjustments	(559,570)	(561,054)
Mortgage servicing rights	$ 989	$ 970
Level 3 recurring assets, as a percent of total assets	0.30%	0.29%
Level 3 recurring liabilities, as a percent of total liabilities	0.24%	0.23%
Recurring | U.S. Treasury and government agencies
Assets
Trading account assets	$ 53,965	$ 67,123
Liabilities
Total trading account liabilities	12,477	14,973
Recurring | Corporate securities, trading loans and other
Assets
Trading account assets	49,733	43,151
Liabilities
Total trading account liabilities	11,923	7,676
Recurring | Equity securities
Assets
Trading account assets	98,694	88,998
Liabilities
Total trading account liabilities	49,314	56,494
Recurring | Non-U.S. sovereign debt
Assets
Trading account assets	49,003	27,108
Liabilities
Total trading account liabilities	26,627	16,387
Recurring | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	45,039	38,804
Recurring | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	10,032	12,170
Recurring | U.S. Treasury and government agencies
Assets
Total AFS debt securities	200,280	177,666
Other debt securities carried at fair value	1,843	1,690
Recurring | Agency
Assets
Total AFS debt securities	35,362	37,812
Recurring | Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	9,444	2,544
Recurring | Non-agency residential
Assets
Total AFS debt securities	285	382
Other debt securities carried at fair value	256	280
Recurring | Commercial
Assets
Total AFS debt securities	12,021	10,435
Recurring | Non-U.S. securities
Assets
Total AFS debt securities	21,385	22,875
Recurring | Other taxable securities
Assets
Total AFS debt securities	2,194	4,835
Recurring | Tax-exempt securities
Assets
Total AFS debt securities	10,324	10,100
Recurring | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	7,657	8,233
Recurring | Mortgage trading loans and ABS
Liabilities
Total trading account liabilities	4
Recurring | Securities segregated for compliance or deposited with clearing organizations
Assets
Trading account assets	12,800	18,000
Recurring | Commodities Investment
Assets
Trading account assets	313	42
Recurring | Level 1
Assets
Time deposits placed and other short-term investments	1,204	1,181
Federal funds sold and securities borrowed or purchased under agreements to resell	0	0
Trading account assets	133,431	118,108
Derivative assets	17,747	14,676
Total AFS debt securities	200,033	177,857
Other debt securities carried at fair value	2,748	3,476
Loans and leases	0	0
Loans held-for-sale	0	0
Other assets	10,309	8,052
Total assets	365,472	323,350
Liabilities
Interest-bearing deposits in U.S. offices	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Total trading account liabilities	72,800	76,070
Derivative liabilities	21,969	14,375
Short-term borrowings	0	0
Accrued expenses and other liabilities	11,515	8,969
Long-term debt	0	0
Total liabilities	106,284	99,414
Recurring | Level 1 | U.S. Treasury and government agencies
Assets
Trading account assets	53,509	65,160
Liabilities
Total trading account liabilities	12,477	14,908
Recurring | Level 1 | Corporate securities, trading loans and other
Assets
Trading account assets	0	0
Liabilities
Total trading account liabilities	0	0
Recurring | Level 1 | Equity securities
Assets
Trading account assets	65,030	47,431
Liabilities
Total trading account liabilities	43,110	51,772
Recurring | Level 1 | Non-U.S. sovereign debt
Assets
Trading account assets	14,892	5,517
Liabilities
Total trading account liabilities	17,213	9,390
Recurring | Level 1 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	0	0
Recurring | Level 1 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	0	0
Recurring | Level 1 | U.S. Treasury and government agencies
Assets
Total AFS debt securities	199,372	176,764
Other debt securities carried at fair value	1,843	1,690
Recurring | Level 1 | Agency
Assets
Total AFS debt securities	0	0
Recurring | Level 1 | Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	0	0
Recurring | Level 1 | Non-agency residential
Assets
Total AFS debt securities	0	0
Other debt securities carried at fair value	0	0
Recurring | Level 1 | Commercial
Assets
Total AFS debt securities	0	0
Recurring | Level 1 | Non-U.S. securities
Assets
Total AFS debt securities	661	1,093
Recurring | Level 1 | Other taxable securities
Assets
Total AFS debt securities	0	0
Recurring | Level 1 | Tax-exempt securities
Assets
Total AFS debt securities	0	0
Recurring | Level 1 | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	905	1,786
Recurring | Level 1 | Mortgage trading loans and ABS
Liabilities
Total trading account liabilities	0
Recurring | Level 2
Assets
Time deposits placed and other short-term investments	0	0
Federal funds sold and securities borrowed or purchased under agreements to resell	474,966	436,340
Trading account assets	169,692	155,757
Derivative assets	261,640	272,244
Total AFS debt securities	90,881	88,416
Other debt securities carried at fair value	6,955	6,658
Loans and leases	3,108	3,476
Loans held-for-sale	1,439	1,895
Other assets	3,305	2,152
Total assets	1,011,986	966,938
Liabilities
Interest-bearing deposits in U.S. offices	370	284
Federal funds purchased and securities loaned or sold under agreements to repurchase	521,850	481,896
Total trading account liabilities	27,462	19,409
Derivative liabilities	264,696	280,908
Short-term borrowings	7,192	4,680
Accrued expenses and other liabilities	3,541	2,483
Long-term debt	46,287	42,195
Total liabilities	871,398	831,855
Recurring | Level 2 | U.S. Treasury and government agencies
Assets
Trading account assets	456	1,963
Liabilities
Total trading account liabilities	0	65
Recurring | Level 2 | Corporate securities, trading loans and other
Assets
Trading account assets	47,917	41,462
Liabilities
Total trading account liabilities	11,851	7,637
Recurring | Level 2 | Equity securities
Assets
Trading account assets	33,433	41,380
Liabilities
Total trading account liabilities	6,193	4,710
Recurring | Level 2 | Non-U.S. sovereign debt
Assets
Trading account assets	33,788	21,195
Liabilities
Total trading account liabilities	9,414	6,997
Recurring | Level 2 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	45,030	38,802
Recurring | Level 2 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	9,068	10,955
Recurring | Level 2 | U.S. Treasury and government agencies
Assets
Total AFS debt securities	908	902
Other debt securities carried at fair value	0	0
Recurring | Level 2 | Agency
Assets
Total AFS debt securities	35,362	37,812
Recurring | Level 2 | Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	9,444	2,544
Recurring | Level 2 | Non-agency residential
Assets
Total AFS debt securities	152	109
Other debt securities carried at fair value	203	211
Recurring | Level 2 | Commercial
Assets
Total AFS debt securities	11,851	10,435
Recurring | Level 2 | Non-U.S. securities
Assets
Total AFS debt securities	20,646	21,679
Recurring | Level 2 | Other taxable securities
Assets
Total AFS debt securities	2,194	4,835
Recurring | Level 2 | Tax-exempt securities
Assets
Total AFS debt securities	10,324	10,100
Recurring | Level 2 | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	6,752	6,447
Recurring | Level 2 | Mortgage trading loans and ABS
Liabilities
Total trading account liabilities	4
Recurring | Level 3
Assets
Time deposits placed and other short-term investments	0	0
Federal funds sold and securities borrowed or purchased under agreements to resell	0	0
Trading account assets	3,343	3,489
Derivative assets	3,916	3,422	$ 4,400
Total AFS debt securities	381	376
Other debt securities carried at fair value	53	69
Loans and leases	89	93
Loans held-for-sale	133	164
Other assets	1,700	1,657
Total assets	9,615	9,270
Liabilities
Interest-bearing deposits in U.S. offices	0	0
Federal funds purchased and securities loaned or sold under agreements to repurchase	0	0
Total trading account liabilities	83	51
Derivative liabilities	6,282	5,916	$ 9,400
Short-term borrowings	8	10
Accrued expenses and other liabilities	8	21
Long-term debt	588	614
Total liabilities	6,969	6,612
Mortgage servicing rights	989	970
Recurring | Level 3 | U.S. Treasury and government agencies
Assets
Trading account assets	0	0
Liabilities
Total trading account liabilities	0	0
Recurring | Level 3 | Corporate securities, trading loans and other
Assets
Trading account assets	1,816	1,689
Liabilities
Total trading account liabilities	72	39
Recurring | Level 3 | Equity securities
Assets
Trading account assets	231	187
Liabilities
Total trading account liabilities	11	12
Recurring | Level 3 | Non-U.S. sovereign debt
Assets
Trading account assets	323	396
Liabilities
Total trading account liabilities	0	0
Recurring | Level 3 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	9	2
Recurring | Level 3 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	964	1,215
Recurring | Level 3 | U.S. Treasury and government agencies
Assets
Total AFS debt securities	0	0
Other debt securities carried at fair value	0	0
Recurring | Level 3 | Agency
Assets
Total AFS debt securities	0	0
Recurring | Level 3 | Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	0	0
Recurring | Level 3 | Non-agency residential
Assets
Total AFS debt securities	133	273
Other debt securities carried at fair value	53	69
Recurring | Level 3 | Commercial
Assets
Total AFS debt securities	170	0
Recurring | Level 3 | Non-U.S. securities
Assets
Total AFS debt securities	78	103
Recurring | Level 3 | Other taxable securities
Assets
Total AFS debt securities	0	0
Recurring | Level 3 | Tax-exempt securities
Assets
Total AFS debt securities	0	0
Recurring | Level 3 | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	0	$ 0
Recurring | Level 3 | Mortgage trading loans and ABS
Liabilities
Total trading account liabilities	$ 0

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ (44)	$ (124)	$ (33)	$ (74)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance, beginning	(2,668)	(2,779)	(2,494)	(2,893)
Total realized and unrealized gains (losses) included in Net Income	477	(1,630)	506	(1,561)
Gains (losses) in OCI	0	(140)	0	(140)
Purchases	309	280	494	529
Sales	(243)	(331)	(579)	(599)
Issuances	0	0	0	0
Settlements	(287)	(480)	(535)	(795)
Gross Transfers into Level 3	(158)	(160)	(299)	161
Gross Transfers out of Level 3	204	243	541	301
Balance, ending	(2,366)	(4,997)	(2,366)	(4,997)
Change in unrealized gains/(losses) In net income related to financial instruments still held	460	(1,690)	(616)	(2,077)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(44)	(124)	(33)	(74)
Derivative assets	283,300		283,300		$ 290,300
Derivative liabilities	292,900		292,900		301,200
Level 3 | Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Derivative assets	3,916	4,400	3,916	4,400	3,422
Derivative liabilities	6,282	9,400	6,282	9,400	$ 5,916
Trading account liabilities – Equity securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(28)		(12)
Total realized and unrealized gains (losses) included in Net Income	2		2
Gains (losses) in OCI	0		0
Purchases	0		0
Sales	0		(4)
Issuances	0		0
Settlements	6		6
Gross Transfers into Level 3	0		(14)
Gross Transfers out of Level 3	9		11
Balance, ending	(11)		(11)
Change in unrealized gains/(losses) In net income related to financial instruments still held	0		0
Trading account liabilities – Corporate securities and other
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(43)	(64)	(39)	(58)
Total realized and unrealized gains (losses) included in Net Income	(15)	(4)	(18)	(4)
Gains (losses) in OCI	0	0	0	0
Purchases	(1)	(1)	(3)	(1)
Sales	(13)	0	(13)	(2)
Issuances	(1)	0	(2)	(1)
Settlements	1	2	9	2
Gross Transfers into Level 3	0	(2)	(6)	(6)
Gross Transfers out of Level 3	0	20	0	21
Balance, ending	(72)	(49)	(72)	(49)
Change in unrealized gains/(losses) In net income related to financial instruments still held	(16)	0	(20)	(1)
Short-term borrowings
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(9)	(9)	(10)	(14)
Total realized and unrealized gains (losses) included in Net Income	1	3	0	3
Gains (losses) in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	(10)	0	(13)
Issuances	(9)	(1)	(9)	(2)
Settlements	9	6	11	15
Gross Transfers into Level 3	0	0	0	0
Gross Transfers out of Level 3	0	0	0	0
Balance, ending	(8)	(11)	(8)	(11)
Change in unrealized gains/(losses) In net income related to financial instruments still held	1	3	0	2
Accrued expenses and other liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(19)	(20)	(21)	(32)
Total realized and unrealized gains (losses) included in Net Income	(11)	6	(9)	30
Gains (losses) in OCI	0	0	0	0
Purchases	22	0	22	(12)
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	0	0	0	0
Gross Transfers into Level 3	0	0	0	0
Gross Transfers out of Level 3	0	0	0	0
Balance, ending	(8)	(14)	(8)	(14)
Change in unrealized gains/(losses) In net income related to financial instruments still held	(11)	6	(8)	11
Long-term debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(611)	(772)	(614)	(862)
Total realized and unrealized gains (losses) included in Net Income	18	64	31	151
Gains (losses) in OCI	(2)	(15)	(17)	(21)
Purchases	0	0	0	(9)
Sales	0	53	0	53
Issuances	0	0	0	0
Settlements	7	6	13	17
Gross Transfers into Level 3	0	0	(1)	0
Gross Transfers out of Level 3	0	0	0	7
Balance, ending	(588)	(664)	(588)	(664)
Change in unrealized gains/(losses) In net income related to financial instruments still held	18	69	32	139
Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning		0		0
Total realized and unrealized gains (losses) included in Net Income		0		0
Gains (losses) in OCI		0		0
Purchases		0		0
Sales		0		0
Issuances		0		0
Settlements		0		0
Gross Transfers into Level 3		7		7
Gross Transfers out of Level 3		0		0
Balance, ending		7		7
Change in unrealized gains/(losses) In net income related to financial instruments still held		0		0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI		0		0
Total trading account assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	3,248	4,375	3,489	4,599
Total realized and unrealized gains (losses) included in Net Income	(13)	25	12	65
Gains (losses) in OCI	(27)	21	(37)	38
Purchases	349	171	640	380
Sales	(277)	(119)	(641)	(407)
Issuances	20	0	23	14
Settlements	(207)	(463)	(578)	(739)
Gross Transfers into Level 3	409	207	690	519
Gross Transfers out of Level 3	(159)	(157)	(255)	(409)
Balance, ending	3,343	4,060	3,343	4,060
Change in unrealized gains/(losses) In net income related to financial instruments still held	(40)	(20)	(69)	69
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(27)	21	(37)	38
Corporate securities, trading loans and other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,582	2,322	1,689	2,384
Total realized and unrealized gains (losses) included in Net Income	17	34	24	61
Gains (losses) in OCI	(2)	1	(3)	2
Purchases	185	98	291	224
Sales	(71)	(35)	(128)	(155)
Issuances	20	0	23	14
Settlements	(142)	(308)	(466)	(452)
Gross Transfers into Level 3	317	46	515	194
Gross Transfers out of Level 3	(90)	(58)	(129)	(172)
Balance, ending	1,816	2,100	1,816	2,100
Change in unrealized gains/(losses) In net income related to financial instruments still held	(18)	13	(40)	29
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(2)	1	(3)	2
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	214	212	187	145
Total realized and unrealized gains (losses) included in Net Income	2	(2)	6	(6)
Gains (losses) in OCI	0	0	0	0
Purchases	48	10	86	16
Sales	(15)	(32)	(37)	(44)
Issuances	0	0	0	0
Settlements	(1)	(12)	(4)	(12)
Gross Transfers into Level 3	0	6	11	83
Gross Transfers out of Level 3	(17)	(23)	(18)	(23)
Balance, ending	231	159	231	159
Change in unrealized gains/(losses) In net income related to financial instruments still held	7	(17)	9	(17)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0	0
Non-U.S. sovereign debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	394	541	396	518
Total realized and unrealized gains (losses) included in Net Income	(9)	12	5	38
Gains (losses) in OCI	(25)	20	(34)	36
Purchases	15	33	26	36
Sales	(4)	0	(5)	(6)
Issuances	0	0	0	0
Settlements	(48)	(38)	(65)	(54)
Gross Transfers into Level 3	0	0	0	0
Gross Transfers out of Level 3	0	0	0	0
Balance, ending	323	568	323	568
Change in unrealized gains/(losses) In net income related to financial instruments still held	(9)	12	5	96
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(25)	20	(34)	36
Mortgage trading loans, MBS and ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,058	1,300	1,217	1,552
Total realized and unrealized gains (losses) included in Net Income	(23)	(19)	(23)	(28)
Gains (losses) in OCI	0	0	0	0
Purchases	101	30	237	104
Sales	(187)	(52)	(471)	(202)
Issuances	0	0	0	0
Settlements	(16)	(105)	(43)	(221)
Gross Transfers into Level 3	92	155	164	242
Gross Transfers out of Level 3	(52)	(76)	(108)	(214)
Balance, ending	973	1,233	973	1,233
Change in unrealized gains/(losses) In net income related to financial instruments still held	(20)	(28)	(43)	(39)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0	0
Total AFS debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	342	531	376	504
Total realized and unrealized gains (losses) included in Net Income	(13)	4	(4)	7
Gains (losses) in OCI	1	2	48	39
Purchases	175	0	175	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(4)	(10)	(155)	(20)
Gross Transfers into Level 3	1	0	63	0
Gross Transfers out of Level 3	(121)	(4)	(122)	(7)
Balance, ending	381	523	381	523
Change in unrealized gains/(losses) In net income related to financial instruments still held	(7)	2	2	3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	1	2	48	39
Non-agency residential MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	251	293	273	258
Total realized and unrealized gains (losses) included in Net Income	1	0	9	3
Gains (losses) in OCI	0	(2)	47	32
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(2)	(3)	(141)	(5)
Gross Transfers into Level 3	0	0	62	0
Gross Transfers out of Level 3	(117)	0	(117)	0
Balance, ending	133	288	133	288
Change in unrealized gains/(losses) In net income related to financial instruments still held	1	0	10	4
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	(2)	47	32
Commercial MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	0		0
Total realized and unrealized gains (losses) included in Net Income	(6)		(6)
Gains (losses) in OCI	1		1
Purchases	175		175
Sales	0		0
Issuances	0		0
Settlements	0		0
Gross Transfers into Level 3	0		0
Gross Transfers out of Level 3	0		0
Balance, ending	170		170
Change in unrealized gains/(losses) In net income related to financial instruments still held	(6)		(6)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	1		1
Non-U.S. and other taxable securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	91	187	103	195
Total realized and unrealized gains (losses) included in Net Income	(8)	4	(7)	4
Gains (losses) in OCI	0	4	0	7
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	0	0	0	0
Settlements	(2)	(7)	(14)	(15)
Gross Transfers into Level 3	1	0	1	0
Gross Transfers out of Level 3	(4)	(4)	(5)	(7)
Balance, ending	78	184	78	184
Change in unrealized gains/(losses) In net income related to financial instruments still held	(2)	2	(2)	(1)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	4	0	7
Tax-exempt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning		51		51
Total realized and unrealized gains (losses) included in Net Income		0		0
Gains (losses) in OCI		0		0
Purchases		0		0
Sales		0		0
Issuances		0		0
Settlements		0		0
Gross Transfers into Level 3		0		0
Gross Transfers out of Level 3		0		0
Balance, ending		51		51
Change in unrealized gains/(losses) In net income related to financial instruments still held		0		0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI		0		0
Other debt securities carried at fair value – Non-agency residential MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	71	94	69	119
Total realized and unrealized gains (losses) included in Net Income	(2)	1	3	(1)
Gains (losses) in OCI	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	(19)
Issuances	0	0	0	0
Settlements	0	(2)	(20)	(4)
Gross Transfers into Level 3	0	0	17	0
Gross Transfers out of Level 3	(16)	(5)	(16)	(7)
Balance, ending	53	88	53	88
Change in unrealized gains/(losses) In net income related to financial instruments still held	(2)	2	3	1
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0	0
Loans and leases
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	90	243	93	253
Total realized and unrealized gains (losses) included in Net Income	1	(13)	1	(11)
Gains (losses) in OCI	0	0	0	0
Purchases	0	0	0	9
Sales	0	(50)	0	(50)
Issuances	0	0	1	0
Settlements	(2)	(33)	(6)	(70)
Gross Transfers into Level 3	0	0	0	16
Gross Transfers out of Level 3	0	0	0	0
Balance, ending	89	147	89	147
Change in unrealized gains/(losses) In net income related to financial instruments still held	0	(17)	1	(17)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0	0
Loans held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	149	206	164	232
Total realized and unrealized gains (losses) included in Net Income	0	10	(2)	22
Gains (losses) in OCI	(3)	2	(4)	4
Purchases	0	0	0	0
Sales	0	(5)	0	(21)
Issuances	0	0	0	0
Settlements	(13)	(25)	(25)	(49)
Gross Transfers into Level 3	0	0	0	0
Gross Transfers out of Level 3	0	0	0	0
Balance, ending	133	188	133	188
Change in unrealized gains/(losses) In net income related to financial instruments still held	(3)	2	(6)	20
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(3)	2	(4)	4
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,668	1,769	1,657	1,799
Total realized and unrealized gains (losses) included in Net Income	85	98	140	108
Gains (losses) in OCI	(15)	6	(26)	7
Purchases	18	0	20	6
Sales	0	1	0	1
Issuances	27	17	73	44
Settlements	(83)	(82)	(165)	(158)
Gross Transfers into Level 3	0	0	1	2
Gross Transfers out of Level 3	0	0	0	0
Balance, ending	1,700	1,809	1,700	1,809
Change in unrealized gains/(losses) In net income related to financial instruments still held	57	65	93	48
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ (15)	$ 6	$ (26)	$ 7

Fair Value Measurements - Rec_2

Fair Value Measurements - Recurring Fair Value Inputs (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) $ / security $ / MMBTU	Dec. 31, 2023 USD ($) $ / security $ / MMBTU
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 15,314	$ 11,861
Long-term debt	(46,875)	(42,809)
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	15,314	11,861
MSRs	989	970
Long-term debt	(46,875)	(42,809)
Recurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	418	538
Instruments backed by commercial real estate assets	507	363
Commercial loans, debt securities and other	2,843	3,103
Other assets, primarily auction rate securities	1,700	1,657
MSRs	989	970
Long-term debt	(588)	(614)
Net derivative asset (liability)	$ (2,366)	$ (2,494)
Recurring | Level 3 | Yield | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.58
Recurring | Level 3 | Yield | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.05	0.05
Recurring | Level 3 | Yield | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0	0
Recurring | Level 3 | Yield | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.18
Recurring | Level 3 | Yield | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.18	0.22
Commercial loans, debt securities and other	0.41	0.59
Recurring | Level 3 | Yield | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.25	0.25
Recurring | Level 3 | Yield | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.30
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.09	0.09
Commercial loans, debt securities and other	0.16	0.13
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.11	0.12
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt	0.22
Recurring | Level 3 | Prepayment speed | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0.01
Commercial loans, debt securities and other	0.10	0.10
Recurring | Level 3 | Prepayment speed | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.45	0.42
Commercial loans, debt securities and other	0.20	0.20
Recurring | Level 3 | Prepayment speed | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.09	0.10
Commercial loans, debt securities and other	0.15	0.16
Recurring | Level 3 | Default rate | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.03	0.03
Recurring | Level 3 | Default rate | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.05	0.03
Commercial loans, debt securities and other	0.04	0.04
Recurring | Level 3 | Default rate | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.05	0.01
Commercial loans, debt securities and other	0.04	0.04
Recurring | Level 3 | Price | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets | $ / security	0	0
Commercial loans, debt securities and other	0	0
Other assets, primarily auction rate securities | $ / security	10	10
Recurring | Level 3 | Price | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	0	0
Recurring | Level 3 | Price | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security	33	0
Recurring | Level 3 | Price | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets | $ / security	115	115
Commercial loans, debt securities and other	157	157
Other assets, primarily auction rate securities | $ / security	95	95
Recurring | Level 3 | Price | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	101	100
Recurring | Level 3 | Price | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security	100	100
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets | $ / security	63	70
Commercial loans, debt securities and other | $ / security	70	70
Other assets, primarily auction rate securities | $ / security	86	85
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	81	75
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security	90	90
Recurring | Level 3 | Loss severity | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0	0
Commercial loans, debt securities and other	0.35	0.35
Recurring | Level 3 | Loss severity | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.74	1
Commercial loans, debt securities and other	0.40	0.40
Recurring | Level 3 | Loss severity | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.26	0.27
Commercial loans, debt securities and other	0.37	0.37
Recurring | Level 3 | Discount rate | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Other assets, primarily auction rate securities	0.11	0.10
Recurring | Level 3 | Weighted-Average Life, Fixed Rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0 years	0 years
Recurring | Level 3 | Weighted-Average Life, Fixed Rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	12 years	14 years
Recurring | Level 3 | Weighted-Average Life, Fixed Rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	6 years	6 years
Recurring | Level 3 | Weighted-Average Life, Variable Rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0 years	0 years
Recurring | Level 3 | Weighted-Average Life, Variable Rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	11 years	11 years
Recurring | Level 3 | Weighted-Average Life, Variable Rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	3 years	3 years
Recurring | Level 3 | Option-adjusted spread, fixed rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.07	0.07
Recurring | Level 3 | Option-adjusted spread, fixed rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.14	0.14
Recurring | Level 3 | Option-adjusted spread, fixed rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.09	0.09
Recurring | Level 3 | Option-adjusted spread, variable rate | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.09	0.09
Recurring | Level 3 | Option-adjusted spread, variable rate | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.15	0.15
Recurring | Level 3 | Option-adjusted spread, variable rate | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
MSRs	0.11	0.12
Recurring | Level 3 | Equity correlation | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.05
Recurring | Level 3 | Equity correlation | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.97
Recurring | Level 3 | Equity correlation | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt		0.25
Recurring | Level 3 | Natural gas forward price | Minimum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	1	1
Recurring | Level 3 | Natural gas forward price | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	8	7
Recurring | Level 3 | Natural gas forward price | Weighted Average | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	4	4
Recurring | Level 3 | Credit derivatives
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ 26	$ 9
Recurring | Level 3 | Credit derivatives | Prepayment speed | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.15	0.15
Recurring | Level 3 | Credit derivatives | Default rate | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
Recurring | Level 3 | Credit derivatives | Price | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / security	0	0
Recurring | Level 3 | Credit derivatives | Price | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / security	94	94
Recurring | Level 3 | Credit derivatives | Price | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / security	87	87
Recurring | Level 3 | Credit derivatives | Credit spreads | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0008	0.0002
Recurring | Level 3 | Credit derivatives | Credit spreads | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0076	0.0079
Recurring | Level 3 | Credit derivatives | Credit spreads | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0053	0.0059
Recurring | Level 3 | Credit derivatives | Credit correlation | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.23	0.22
Recurring | Level 3 | Credit derivatives | Credit correlation | Maximum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.64	0.62
Recurring | Level 3 | Credit derivatives | Credit correlation | Weighted Average | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.58	0.58
Recurring | Level 3 | Equity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (1,278)	$ (1,386)
Recurring | Level 3 | Equity contracts | Equity correlation | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring | Level 3 | Equity contracts | Equity correlation | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	1	0.99
Recurring | Level 3 | Equity contracts | Equity correlation | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.60	0.67
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.01	0.04
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	1.01	1.02
Recurring | Level 3 | Equity contracts | Long-dated equity volatilities | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.32	0.34
Recurring | Level 3 | Commodity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (691)	$ (633)
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / MMBTU	1	1
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / MMBTU	8	7
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Weighted Average | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / MMBTU	4	4
Recurring | Level 3 | Commodity contracts | Power forward price | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	22	21
Recurring | Level 3 | Commodity contracts | Power forward price | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	119	91
Recurring | Level 3 | Commodity contracts | Power forward price | Weighted Average | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	49	42
Recurring | Level 3 | Interest rate contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (423)	$ (484)
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	(0.35)	(0.35)
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.70	0.89
Recurring | Level 3 | Interest rate contracts | Correlation (IR/IR) | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.50	0.65
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	(0.25)	(0.25)
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.58	0.58
Recurring | Level 3 | Interest rate contracts | Correlation (FX/IR) | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.28	0.35
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	(0.01)	(0.01)
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.12	0.11
Recurring | Level 3 | Interest rate contracts | Long-dated inflation rates | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.05	0.05
Recurring | Level 3 | Interest rate contracts | Long-dated inflation volatilities | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
Recurring | Level 3 | Interest rate contracts | Interest rate volatilities | Minimum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	(0.01)	0
Recurring | Level 3 | Interest rate contracts | Interest rate volatilities | Maximum | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.02	0.02
Recurring | Level 3 | Interest rate contracts | Interest rate volatilities | Weighted Average | Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0	0.01
Recurring | Level 3 | Mortgage trading loans, MBS and ABS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	$ 149	$ 109
Instruments backed by commercial real estate assets	56	62
Commercial loans, debt securities and other	768	1,046
Fair Value Inputs [Abstract]
Loans and securities, fair value	973	1,200
Recurring | Level 3 | Loans and leases
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	83	87
Commercial loans, debt securities and other	6	6
Fair Value Inputs [Abstract]
Loans and securities, fair value	89	93
Recurring | Level 3 | AFS debt securities – Non-agency residential
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	133	273
Recurring | Level 3 | Other debt securities carried at fair value – Non-agency residential
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	53	69
Fair Value Inputs [Abstract]
Loans and securities, fair value	53	69
Recurring | Level 3 | Corporate securities, trading loans and other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by commercial real estate assets	281	301
Commercial loans, debt securities and other	1,535	1,388
Fair Value Inputs [Abstract]
Loans and securities, fair value	1,800	1,700
Recurring | Level 3 | AFS debt securities – Commercial
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by commercial real estate assets	170
Recurring | Level 3 | Loans held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	133	164
Fair Value Inputs [Abstract]
Loans and securities, fair value	133	164
Recurring | Level 3 | Non-U.S. sovereign debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	323	396
Fair Value Inputs [Abstract]
Loans and securities, fair value	323	396
Recurring | Level 3 | Non-U.S. and other taxable securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	78	103
Recurring | Level 3 | Other assets, primarily auction rate securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	711	687
Recurring | Level 3 | AFS debt securities
Fair Value Inputs [Abstract]
Loans and securities, fair value	381	376
Recurring | Level 3 | Other Assets
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 1,700	$ 1,700

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 1,572		$ 1,572		$ 2,059
Loans and leases	3,197		3,197		3,569
Other assets	15,314		15,314		$ 11,861
Nonrecurring
Gains (Losses)
Loans held-for-sale	(49)	$ (18)	(105)	$ (67)
Loans and leases	(10)	(13)	(17)	(23)
Foreclosed properties	(2)	(4)	(1)	(4)
Other assets	(27)	(1)	(40)	(7)
Loss on loans and leases written down to zero	2	3	4	5
Nonrecurring | Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	21	46	21	46
Nonrecurring | Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	14	109	14	109
Loans and leases	0	0	0	0
Foreclosed properties	0	0	0	0
Other assets	1	4	1	4
Nonrecurring | Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	2,686	3,671	2,686	3,671
Loans and leases	71	95	71	95
Foreclosed properties	46	6	46	6
Other assets	$ 296	$ 30	$ 296	$ 30

Fair Value Measurements - Non_2

Fair Value Measurements - Nonrecurring Fair Value Inputs (Details) $ in Millions	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	$ 1,572	$ 2,059
Loans and leases, measured at fair value	3,197	3,569
Other assets	15,314	11,861
Nonrecurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	2,686		$ 3,671
Loans and leases, measured at fair value	71		95
Other assets	296		$ 30
Nonrecurring | Level 3 | Pricing model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	2,686	2,793
Nonrecurring | Level 3 | Market comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measured at fair value	71	153
Nonrecurring | Level 3 | Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets	$ 296	$ 898
Implied yield | Nonrecurring | Level 3 | Pricing model | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.14	0.07
Implied yield | Nonrecurring | Level 3 | Pricing model | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.23	0.23
OREO discount | Nonrecurring | Level 3 | Market comparables | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.10	0.10
OREO discount | Nonrecurring | Level 3 | Market comparables | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.66	0.66
OREO discount | Nonrecurring | Level 3 | Market comparables | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.26	0.26
Costs to sell | Nonrecurring | Level 3 | Market comparables | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.08	0.08
Costs to sell | Nonrecurring | Level 3 | Market comparables | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.24	0.24
Costs to sell | Nonrecurring | Level 3 | Market comparables | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measurement input	0.09	0.09
Discount rate | Nonrecurring | Level 3 | Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, measurement input	0.07	0.07

Fair Value Option - Elections (

Fair Value Option - Elections (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value Carrying Amount
Assets	$ 167,835	$ 133,053
Contractual Principal Outstanding
Assets	167,788	133,001
Fair Value Carrying Amount Less Unpaid Principal
Assets	47	52
Loans reported as trading account assets
Fair Value Carrying Amount
Assets	9,448	8,377
Contractual Principal Outstanding
Assets	16,828	15,580
Fair Value Carrying Amount Less Unpaid Principal
Assets	(7,380)	(7,203)
Trading inventory – other
Fair Value Carrying Amount
Assets	17,572	25,282
Consumer and commercial loans
Fair Value Carrying Amount
Assets	3,197	3,569
Contractual Principal Outstanding
Assets	3,238	3,618
Fair Value Carrying Amount Less Unpaid Principal
Assets	(41)	(49)
Loans held-for-sale
Fair Value Carrying Amount
Assets	1,572	2,059
Contractual Principal Outstanding
Assets	2,201	2,873
Fair Value Carrying Amount Less Unpaid Principal
Assets	(629)	(814)
Other assets
Fair Value Carrying Amount
Assets	2,957	1,986
Long-term deposits
Fair Value Carrying Amount
Liabilities	370	284
Contractual Principal Outstanding
Liabilities	441	267
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(71)	17
Federal funds purchased and securities loaned or sold under agreements to repurchase
Fair Value Carrying Amount
Liabilities	214,719	178,609
Contractual Principal Outstanding
Liabilities	214,761	178,634
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(42)	(25)
Short-term borrowings
Fair Value Carrying Amount
Liabilities	7,200	4,690
Contractual Principal Outstanding
Liabilities	7,206	4,694
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(6)	(4)
Unfunded loan commitments
Fair Value Carrying Amount
Liabilities	73	67
Accrued expenses and other liabilities
Fair Value Carrying Amount
Liabilities	2,219	1,341
Contractual Principal Outstanding
Liabilities	2,175	1,347
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	44	(6)
Long-term debt
Fair Value Carrying Amount
Liabilities	46,875	42,809
Contractual Principal Outstanding
Liabilities	49,332	46,707
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	$ (2,457)	$ (3,898)

Fair Value Option - Gains (Loss

Fair Value Option - Gains (Losses) Related to Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	$ (712)	$ 1,833	$ 1,555	$ 2,612
Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	77	(58)	104	(26)
Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(1,130)	1,237	781	2,965
Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(32)	(4)	(64)	36
Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	50	(5)	75	(98)
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	13	12	16	36
Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(7)	(4)	(17)	16
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(2)	(2)	(1)	0
Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	75	6	73	11
Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(6)	44	(20)	20
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(6)	44	(20)	20
Accrued expenses and other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	237	61	398	49
Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	51	409	247	(525)
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	0	0	(3)	0
Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(59)	143	(86)	200
Market making and similar activities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(702)	1,791	1,604	2,569
Market making and similar activities | Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	78	(52)	108	(18)
Market making and similar activities | Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(1,130)	1,237	781	2,965
Market making and similar activities | Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	36	(16)	56	(139)
Market making and similar activities | Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Market making and similar activities | Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	75	6	73	11
Market making and similar activities | Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Market making and similar activities | Accrued expenses and other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	237	61	398	49
Market making and similar activities | Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	58	416	267	(502)
Market making and similar activities | Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(56)	139	(79)	203
Other Income
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(10)	42	(49)	43
Other Income | Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(1)	(6)	(4)	(8)
Other Income | Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Other Income | Consumer and commercial loans
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	14	11	19	41
Other Income | Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(7)	(4)	(17)	16
Other Income | Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Other Income | Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(6)	44	(20)	20
Other Income | Accrued expenses and other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	0	0	0	0
Other Income | Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(7)	(7)	(20)	(23)
Other Income | Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	$ (3)	$ 4	$ (7)	$ (3)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Financial assets
Loans held-for-sale	$ 1,572,000,000	$ 2,059,000,000
Financial liabilities
Long-term debt	46,875,000,000	42,809,000,000
Demand deposits	859,700,000,000	897,300,000,000
Stated maturities	0	0
Carrying Value
Financial assets
Loans	1,023,049,000,000	1,020,281,000,000
Loans held-for-sale	7,043,000,000	6,002,000,000
Financial liabilities
Deposits	1,910,491,000,000	1,923,827,000,000
Long-term debt	290,474,000,000	302,204,000,000
Commercial unfunded lending commitments	1,178,000,000	1,275,000,000
Estimate of Fair Value Measurement
Financial assets
Loans	1,003,620,000,000	999,288,000,000
Loans held-for-sale	7,043,000,000	6,003,000,000
Financial liabilities
Deposits	1,911,738,000,000	1,925,015,000,000
Long-term debt	291,889,000,000	303,983,000,000
Commercial unfunded lending commitments	3,554,000,000	3,971,000,000
Estimate of Fair Value Measurement | Level 2
Financial assets
Loans	47,914,000,000	49,311,000,000
Loans held-for-sale	4,179,000,000	3,024,000,000
Financial liabilities
Deposits	1,911,738,000,000	1,925,015,000,000
Long-term debt	291,004,000,000	303,070,000,000
Commercial unfunded lending commitments	65,000,000	44,000,000
Estimate of Fair Value Measurement | Level 3
Financial assets
Loans	955,706,000,000	949,977,000,000
Loans held-for-sale	2,864,000,000	2,979,000,000
Financial liabilities
Deposits	0	0
Long-term debt	885,000,000	913,000,000
Commercial unfunded lending commitments	$ 3,489,000,000	$ 3,927,000,000

Business Segment Information -

Business Segment Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2024 business_segment
Segment Reporting [Abstract]
Number of operating segments	4

Business Segment Information _2

Business Segment Information - Results of Business Segments and All Other (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net interest income	$ 13,862	$ 14,293	$ 28,052	$ 28,875
Noninterest income	11,675	11,039	23,461	22,849
Total revenue, net of interest expense	25,537	25,332	51,513	51,724
Provision for credit losses	1,508	1,125	2,827	2,056
Noninterest expense	16,309	16,038	33,546	32,276
Income before income taxes	7,720	8,169	15,140	17,392
Income tax expense	823	761	1,569	1,823
Net income	6,897	7,408	13,571	15,569
Period-end total assets	3,257,996	3,123,198	3,257,996	3,123,198	$ 3,180,151
Operating Segments
Segment Reporting Information [Line Items]
Total revenue, net of interest expense	27,292	27,099	54,912	54,949
Net income	7,147	7,590	14,517	15,858
Period-end total assets	2,865,815	2,860,864	2,865,815	2,860,864
Operating Segments | Consumer Banking
Segment Reporting Information [Line Items]
Net interest income	8,118	8,437	16,315	17,030
Noninterest income	2,088	2,087	4,057	4,200
Total revenue, net of interest expense	10,206	10,524	20,372	21,230
Provision for credit losses	1,281	1,267	2,431	2,356
Noninterest expense	5,464	5,453	10,939	10,926
Income before income taxes	3,461	3,804	7,002	7,948
Income tax expense	866	951	1,751	1,987
Net income	2,595	2,853	5,251	5,961
Period-end total assets	1,033,960	1,084,512	1,033,960	1,084,512
Operating Segments | Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Net interest income	1,693	1,805	3,507	3,681
Noninterest income	3,881	3,437	7,658	6,876
Total revenue, net of interest expense	5,574	5,242	11,165	10,557
Provision for credit losses	7	13	(6)	38
Noninterest expense	4,199	3,925	8,463	7,992
Income before income taxes	1,368	1,304	2,708	2,527
Income tax expense	342	326	677	632
Net income	1,026	978	2,031	1,895
Period-end total assets	324,476	338,184	324,476	338,184
Operating Segments | Global Banking
Segment Reporting Information [Line Items]
Net interest income	3,275	3,690	6,735	7,597
Noninterest income	2,778	2,772	5,298	5,068
Total revenue, net of interest expense	6,053	6,462	12,033	12,665
Provision for credit losses	235	9	464	(228)
Noninterest expense	2,899	2,819	5,911	5,759
Income before income taxes	2,919	3,634	5,658	7,134
Income tax expense	803	981	1,556	1,926
Net income	2,116	2,653	4,102	5,208
Period-end total assets	620,217	586,397	620,217	586,397
Operating Segments | Global Markets
Segment Reporting Information [Line Items]
Net interest income	770	297	1,451	406
Noninterest income	4,689	4,574	9,891	10,091
Total revenue, net of interest expense	5,459	4,871	11,342	10,497
Provision for credit losses	(13)	(4)	(49)	(57)
Noninterest expense	3,486	3,349	6,978	6,700
Income before income taxes	1,986	1,526	4,413	3,854
Income tax expense	576	420	1,280	1,060
Net income	1,410	1,106	3,133	2,794
Period-end total assets	887,162	851,771	887,162	851,771
All Other
Segment Reporting Information [Line Items]
Net interest income	6	64	44	161
Noninterest income	(1,761)	(1,831)	(3,443)	(3,386)
Total revenue, net of interest expense	(1,755)	(1,767)	(3,399)	(3,225)
Provision for credit losses	(2)	(160)	(13)	(53)
Noninterest expense	261	492	1,255	899
Income before income taxes	(2,014)	(2,099)	(4,641)	(4,071)
Income tax expense	(1,764)	(1,917)	(3,695)	(3,782)
Net income	(250)	(182)	(946)	(289)
Period-end total assets	$ 392,181	$ 262,334	$ 392,181	$ 262,334

Business Segment Information _3

Business Segment Information - Noninterest Income by Business Segment and All Other (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Total fees and commissions	$ 8,969	$ 7,961	$ 17,629	$ 15,855
Market making and similar activities	3,298	3,697	7,186	8,409
Other income (loss)	(592)	(619)	(1,354)	(1,415)
Total noninterest income	11,675	11,039	23,461	22,849
Card income
Segment Reporting Information [Line Items]
Card income and service charges	1,581	1,546	3,044	3,015
Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	1,023	1,023	1,954	1,979
Other card income
Segment Reporting Information [Line Items]
Card income and service charges	558	523	1,090	1,036
Service charges
Segment Reporting Information [Line Items]
Card income and service charges	1,507	1,364	2,949	2,774
Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	1,172	1,045	2,294	2,142
Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	335	319	655	632
Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	4,320	3,839	8,507	7,691
Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	3,370	2,969	6,640	5,887
Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	950	870	1,867	1,804
Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	1,561	1,212	3,129	2,375
Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	869	657	1,770	1,226
Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	318	180	612	411
Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	374	375	747	738
Operating Segments | Consumer Banking
Segment Reporting Information [Line Items]
Total fees and commissions	2,053	1,942	3,981	3,889
Market making and similar activities	6	5	11	10
Other income (loss)	29	140	65	301
Total noninterest income	2,088	2,087	4,057	4,200
Operating Segments | Consumer Banking | Card income
Segment Reporting Information [Line Items]
Card income and service charges	1,361	1,341	2,633	2,615
Operating Segments | Consumer Banking | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	815	808	1,547	1,561
Operating Segments | Consumer Banking | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	546	533	1,086	1,054
Operating Segments | Consumer Banking | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	614	525	1,192	1,124
Operating Segments | Consumer Banking | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	614	525	1,192	1,124
Operating Segments | Consumer Banking | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0	0
Operating Segments | Consumer Banking | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	78	76	156	150
Operating Segments | Consumer Banking | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	45	49	100	96
Operating Segments | Consumer Banking | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	33	27	56	54
Operating Segments | Consumer Banking | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Consumer Banking | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Consumer Banking | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Consumer Banking | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Total fees and commissions	3,797	3,321	7,493	6,629
Market making and similar activities	38	32	72	66
Other income (loss)	46	84	93	181
Total noninterest income	3,881	3,437	7,658	6,876
Operating Segments | Global Wealth & Investment Management | Card income
Segment Reporting Information [Line Items]
Card income and service charges	9	12	19	24
Operating Segments | Global Wealth & Investment Management | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	(7)	(3)	(11)	(3)
Operating Segments | Global Wealth & Investment Management | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	16	15	30	27
Operating Segments | Global Wealth & Investment Management | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	24	18	47	37
Operating Segments | Global Wealth & Investment Management | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	10	10	21	21
Operating Segments | Global Wealth & Investment Management | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	14	8	26	16
Operating Segments | Global Wealth & Investment Management | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	3,707	3,251	7,307	6,489
Operating Segments | Global Wealth & Investment Management | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	3,327	2,921	6,546	5,794
Operating Segments | Global Wealth & Investment Management | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	380	330	761	695
Operating Segments | Global Wealth & Investment Management | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	57	40	120	79
Operating Segments | Global Wealth & Investment Management | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	57	40	120	79
Operating Segments | Global Wealth & Investment Management | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Global Wealth & Investment Management | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
Operating Segments | Global Banking
Segment Reporting Information [Line Items]
Total fees and commissions	1,829	1,667	3,635	3,248
Market making and similar activities	78	69	146	114
Other income (loss)	871	1,036	1,517	1,706
Total noninterest income	2,778	2,772	5,298	5,068
Operating Segments | Global Banking | Card income
Segment Reporting Information [Line Items]
Card income and service charges	198	200	386	390
Operating Segments | Global Banking | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	195	199	381	386
Operating Segments | Global Banking | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	3	1	5	4
Operating Segments | Global Banking | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	775	735	1,525	1,449
Operating Segments | Global Banking | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	525	489	1,034	956
Operating Segments | Global Banking | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	250	246	491	493
Operating Segments | Global Banking | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	21	14	39	23
Operating Segments | Global Banking | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0	0
Operating Segments | Global Banking | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	21	14	39	23
Operating Segments | Global Banking | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	835	718	1,685	1,386
Operating Segments | Global Banking | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	345	283	726	512
Operating Segments | Global Banking | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	168	102	320	228
Operating Segments | Global Banking | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	322	333	639	646
Operating Segments | Global Markets
Segment Reporting Information [Line Items]
Total fees and commissions	1,348	1,106	2,658	2,202
Market making and similar activities	3,218	3,409	7,048	7,807
Other income (loss)	123	59	185	82
Total noninterest income	4,689	4,574	9,891	10,091
Operating Segments | Global Markets | Card income
Segment Reporting Information [Line Items]
Card income and service charges	20	19	37	35
Operating Segments | Global Markets | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	20	19	37	35
Operating Segments | Global Markets | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0	0
Operating Segments | Global Markets | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	93	85	183	163
Operating Segments | Global Markets | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	22	20	45	40
Operating Segments | Global Markets | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	71	65	138	123
Operating Segments | Global Markets | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	516	499	1,011	1,032
Operating Segments | Global Markets | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0	0
Operating Segments | Global Markets | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	516	499	1,011	1,032
Operating Segments | Global Markets | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	719	503	1,427	972
Operating Segments | Global Markets | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	517	384	1,027	698
Operating Segments | Global Markets | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	150	78	292	183
Operating Segments | Global Markets | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	52	41	108	91
All Other
Segment Reporting Information [Line Items]
Total fees and commissions	(58)	(75)	(138)	(113)
Market making and similar activities	(42)	182	(91)	412
Other income (loss)	(1,661)	(1,938)	(3,214)	(3,685)
Total noninterest income	(1,761)	(1,831)	(3,443)	(3,386)
All Other | Card income
Segment Reporting Information [Line Items]
Card income and service charges	(7)	(26)	(31)	(49)
All Other | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0	0
All Other | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	(7)	(26)	(31)	(49)
All Other | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	1	1	2	1
All Other | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	1	1	2	1
All Other | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0	0
All Other | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	(2)	(1)	(6)	(3)
All Other | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	(2)	(1)	(6)	(3)
All Other | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0	0
All Other | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	(50)	(49)	(103)	(62)
All Other | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	(50)	(50)	(103)	(63)
All Other | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0	0
All Other | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	$ 0	$ 1	$ 0	$ 1

Business Segment Information _4

Business Segment Information - Business Segment Reconciliations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]
Segments’ total revenue, net of interest expense	$ 25,537	$ 25,332	$ 51,513	$ 51,724
Total revenue, net of interest expense	25,377	25,197	51,195	51,455
Net income	6,897	7,408	13,571	15,569
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Segments’ total revenue, net of interest expense	27,292	27,099	54,912	54,949
Net income	7,147	7,590	14,517	15,858
Asset and liability management activities
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	(68)	(207)	(140)	(432)
Net income	(53)	(151)	(108)	(325)
Liquidating businesses, eliminations and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	(1,687)	(1,560)	(3,259)	(2,793)
Net income	(197)	(31)	(838)	36
FTE basis adjustment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, net of interest expense	$ (160)	$ (135)	$ (318)	$ (269)

Business Segment Information _5

Business Segment Information - Segments' Total Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Segments’ total assets
Total assets	$ 3,257,996	$ 3,180,151	$ 3,123,198
Operating Segments
Segments’ total assets
Total assets	2,865,815		2,860,864
Asset and liability management activities, including securities portfolio
Segments’ total assets
Total assets	1,261,291		1,162,755
Other
Segments’ total assets
Total assets	62,010		63,153
Elimination of segment asset allocations to match liabilities
Segments’ total assets
Total assets	$ (931,120)		$ (963,574)