Bank of America (BAC) 10-K 25 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 24, 2025	Jun. 30, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 309,201,944,388
Entity Common Stock, Shares Outstanding		7,604,677,274
Documents Incorporated by Reference	Portions of the definitive proxy statement relating to the registrant’s 2025 annual meeting of shareholders are incorporated by reference in this Form 10-K in response to Items 10, 11, 12, 13 and 14 of Part III.
Entity Central Index Key	0000070858
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
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
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
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
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
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

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers, LLP
Auditor Location	Charlotte, North Carolina
Auditor Firm ID	238

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net interest income
Interest income	$ 146,607	$ 130,262	$ 72,565
Interest expense	90,547	73,331	20,103
Net interest income	56,060	56,931	52,462
Noninterest income
Fees and commissions	36,291	32,009	33,212
Market making and similar activities	12,967	12,732	12,075
Other income (loss)	(3,431)	(3,091)	(2,799)
Total noninterest income	45,827	41,650	42,488
Total revenue, net of interest expense	101,887	98,581	94,950
Provision for credit losses	5,821	4,394	2,543
Noninterest expense
Compensation and benefits	40,182	38,330	36,447
Occupancy and equipment	7,289	7,164	7,071
Information processing and communications	7,231	6,707	6,279
Product delivery and transaction related	3,494	3,608	3,653
Professional fees	2,669	2,159	2,142
Marketing	1,956	1,927	1,825
Other general operating	3,991	5,950	4,021
Total noninterest expense	66,812	65,845	61,438
Income before income taxes	29,254	28,342	30,969
Income tax expense	2,122	1,827	3,441
Net income	27,132	26,515	27,528
Preferred stock dividends	1,629	1,649	1,513
Net income applicable to common shareholders	$ 25,503	$ 24,866	$ 26,015
Per common share information
Earnings (in dollars per share)	$ 3.25	$ 3.10	$ 3.21
Diluted earnings (in dollars per share)	$ 3.21	$ 3.08	$ 3.19
Average common shares issued and outstanding (in shares)	7,855.5	8,028.6	8,113.7
Average diluted common shares issued and outstanding (in shares)	7,935.8	8,080.5	8,167.5

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 27,132	$ 26,515	$ 27,528
Other comprehensive income (loss), net-of-tax:
Net change in debt securities	158	573	(6,028)
Net change in debit valuation adjustments	(127)	(686)	755
Net change in derivatives	2,428	3,919	(10,055)
Employee benefit plan adjustments	131	(439)	(667)
Net change in foreign currency translation adjustments	(87)	1	(57)
Other comprehensive income (loss)	2,503	3,368	(16,052)
Comprehensive income (loss)	$ 29,635	$ 29,883	$ 11,476

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 26,003	$ 27,892
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	264,111	305,181
Cash and cash equivalents	290,114	333,073
Time deposits placed and other short-term investments	6,372	8,346
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $144,501 and $133,053 measured at fair value)	274,709	280,624
Trading account assets (includes $170,328 and $130,815 pledged as collateral)	314,460	277,354
Derivative assets	40,948	39,323
Debt securities:
Carried at fair value	358,607	276,852
Held-to-maturity, at cost (fair value $450,548 and $496,597)	558,677	594,555
Total debt securities	917,284	871,407
Loans and leases (includes $4,249 and $3,569 measured at fair value)	1,095,835	1,053,732
Allowance for loan and lease losses	(13,240)	(13,342)
Loans and leases, net of allowance	1,082,595	1,040,390
Premises and equipment, net	12,168	11,855
Goodwill	69,021	69,021
Loans held-for-sale (includes $2,214 and $2,059 measured at fair value)	9,545	6,002
Customer and other receivables	82,247	81,881
Other assets (includes $13,176 and $11,861 measured at fair value)	162,056	160,875
Total assets	3,261,519	3,180,151
Deposits in U.S. offices:
Noninterest-bearing	507,561	530,619
Interest-bearing (includes $310 and $284 measured at fair value)	1,329,014	1,273,904
Deposits in non-U.S. offices:
Noninterest-bearing	16,297	16,427
Interest-bearing	112,595	102,877
Total deposits	1,965,467	1,923,827
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $192,859 and $178,609 measured at fair value)	331,758	283,887
Trading account liabilities	92,543	95,530
Derivative liabilities	39,353	43,432
Short-term borrowings (includes $6,245 and $4,690 measured at fair value)	43,391	32,098
Accrued expenses and other liabilities (includes $13,199 and $11,473 measured at fair value and $1,096 and $1,209 of reserve for unfunded lending commitments)	210,169	207,527
Long-term debt (includes $50,005 and $42,809 measured at fair value)	283,279	302,204
Total liabilities	2,965,960	2,888,505
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 12 – Commitments and Contingencies)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,877,917 and 4,088,099 shares	23,159	28,397
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,610,862,311 and 7,895,457,665 shares	45,336	56,365
Retained earnings	242,349	224,672
Accumulated other comprehensive income (loss)	(15,285)	(17,788)
Total shareholders’ equity	295,559	291,646
Total liabilities and shareholders’ equity	3,261,519	3,180,151
Consolidated VIEs
Assets
Trading account assets (includes $170,328 and $130,815 pledged as collateral)	5,575	6,054
Debt securities:
Loans and leases (includes $4,249 and $3,569 measured at fair value)	19,144	18,276
Allowance for loan and lease losses	(919)	(826)
Loans and leases, net of allowance	18,225	17,450
Other assets (includes $13,176 and $11,861 measured at fair value)	319	269
Total assets	24,119	23,773
Deposits in non-U.S. offices:
Short-term borrowings (includes $6,245 and $4,690 measured at fair value)	3,329	2,957
Long-term debt (includes $50,005 and $42,809 measured at fair value)	8,457	8,456
All other liabilities (includes $21 and $19 of non-recourse liabilities)	21	19
Total liabilities	$ 11,807	$ 11,432

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell measured at fair value	$ 144,501	$ 133,053
Trading account assets, pledged as collateral	170,328	130,815
Debt securities:
Fair Value	450,548	496,597
Loans and leases, measured at fair value	4,249	3,569
Loans held for sale, measured at fair value	2,214	2,059
Other assets	13,176	11,861
Deposits in U.S. offices:
Interest bearing, measured at fair value	310	284
Federal funds purchased and securities loans or sold under agreements to repurchase, at fair value	192,859	178,609
Short-term borrowings, measured at fair value	6,245	4,690
Accrued expenses and other liabilities, measured at fair value	13,199	11,473
Accrued expenses and other liabilities, reserve for unfunded lending commitments	1,096	1,209
Long-term debt, measured at fair value	$ 50,005	$ 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)	3,877,917	4,088,099
Preferred stock outstanding (in shares)	3,877,917	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)	7,610,862,311	7,895,457,665
Common stock outstanding (in shares)	7,610,862,311	7,895,457,665
Short-term borrowings	$ 43,391	$ 32,098
Long-term debt	283,279	302,204
Consolidated VIEs
Shareholders’ equity
Short-term borrowings	3,329	2,957
Long-term debt	8,457	8,456
All other liabilities	21	19
Consolidated VIEs | Nonrecourse
Shareholders’ equity
Short-term borrowings	0	23
Long-term debt	8,457	8,456
All other liabilities	$ 21	$ 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, 2021	$ 270,066		$ 24,708	$ 62,398	$ 188,064		$ (5,104)
Beginning balance (in shares) at Dec. 31, 2021				8,077.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	27,528				27,528
Net change in debt securities	(6,028)						(6,028)
Net change in debit valuation adjustments	755						755
Net change in derivatives	(10,055)						(10,055)
Employee benefit plan adjustments	(667)						(667)
Net change in foreign currency translation adjustments	(57)						(57)
Dividends declared:
Common	(6,963)				(6,963)
Preferred	(1,596)				(1,596)
Issuance of preferred stock	4,426		4,426
Redemption of preferred stock	(654)		(737)	$ 83
Common stock issued under employee plans, net, and other	1,515			$ 1,545	(30)
Common stock issued under employee plans, net, and other (in shares)				44.9
Common stock repurchased	(5,073)			$ (5,073)
Common stock repurchased (in shares)				(125.9)
Ending balance at Dec. 31, 2022	273,197	$ 184	28,397	$ 58,953	207,003	$ 184	(21,156)
Ending balance (in shares) at Dec. 31, 2022				7,996.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	26,515				26,515
Net change in debt securities	573						573
Net change in debit valuation adjustments	(686)						(686)
Net change in derivatives	3,919						3,919
Employee benefit plan adjustments	(439)						(439)
Net change in foreign currency translation adjustments	1						1
Dividends declared:
Common	(7,374)				(7,374)
Preferred	(1,649)				(1,649)
Common stock issued under employee plans, net, and other	1,981			$ 1,988	(7)
Common stock issued under employee plans, net, and other (in shares)				45.4
Common stock repurchased	(4,576)			$ (4,576)
Common stock repurchased (in shares)				(146.7)
Ending balance at Dec. 31, 2023	291,646		28,397	$ 56,365	224,672		(17,788)
Ending balance (in shares) at Dec. 31, 2023				7,895.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	27,132				27,132
Net change in debt securities	158						158
Net change in debit valuation adjustments	(127)						(127)
Net change in derivatives	2,428						2,428
Employee benefit plan adjustments	131						131
Net change in foreign currency translation adjustments	(87)						(87)
Dividends declared:
Common	(7,822)				(7,822)
Preferred	(1,613)				(1,613)
Redemption of preferred stock	(5,254)		(5,238)		(16)
Common stock issued under employee plans, net, and other	2,071			$ 2,075	(4)
Common stock issued under employee plans, net, and other (in shares)				46.9
Common stock repurchased	(13,104)			$ (13,104)
Common stock repurchased (in shares)				(331.5)
Ending balance at Dec. 31, 2024	$ 295,559		$ 23,159	$ 45,336	$ 242,349		$ (15,285)
Ending balance (in shares) at Dec. 31, 2024				7,610.9

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Shareholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating activities
Net income	$ 27,132	$ 26,515	$ 27,528
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	5,821	4,394	2,543
(Gains) losses on sales of debt securities	29	405	(32)
Depreciation and amortization	2,189	2,057	1,978
Net (accretion) amortization of discount/premium on debt securities	(330)	(397)	2,072
Deferred income taxes	(1,734)	(2,011)	739
Amortization of stock-based compensation	3,433	2,942	2,862
Loans held-for-sale:
Originations and purchases	(36,198)	(15,621)	(24,862)
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities	31,877	16,262	31,567
Net change in:
Trading and derivative assets/liabilities	(45,504)	44,391	(95,772)
Other assets	(4,492)	(23,944)	20,799
Accrued expenses and other liabilities	1,450	(17,719)	23,029
Other operating activities, net	7,522	7,708	1,222
Net cash provided by (used in) operating activities	(8,805)	44,982	(6,327)
Investing activities
Time deposits placed and other short-term investments	1,974	(1,087)	(115)
Federal funds sold and securities borrowed or purchased under agreements to resell	8,415	(13,050)	(16,854)
Debt securities carried at fair value:
Proceeds from sales	69,925	101,165	69,114
Proceeds from paydowns and maturities	237,939	148,699	110,195
Purchases	(390,911)	(290,959)	(134,962)
Held-to-maturity debt securities:
Proceeds from paydowns and maturities	34,591	36,955	63,852
Purchases	0	(98)	(24,096)
Loans and leases:
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities	9,565	11,081	26,757
Purchases	(5,470)	(5,351)	(5,798)
Other changes in loans and leases, net	(52,576)	(17,484)	(86,010)
Other investing activities, net	(4,145)	(5,258)	(4,612)
Net cash used in investing activities	(90,693)	(35,387)	(2,529)
Financing activities
Deposits	41,640	(6,514)	(134,190)
Federal funds purchased and securities loaned or sold under agreements to repurchase	47,871	88,252	3,306
Short-term borrowings	12,574	5,162	3,179
Long-term debt:
Proceeds from issuance	56,683	65,396	65,910
Retirement	(70,411)	(44,571)	(34,055)
Preferred stock:
Proceeds from issuance	0	0	4,426
Redemption	(5,254)	0	(654)
Common stock repurchased	(13,104)	(4,576)	(5,073)
Cash dividends paid	(9,503)	(9,087)	(8,576)
Other financing activities, net	(127)	(717)	(312)
Net cash provided by (used in) financing activities	60,369	93,345	(106,039)
Effect of exchange rate changes on cash and cash equivalents	(3,830)	(70)	(3,123)
Net increase (decrease) in cash and cash equivalents	(42,959)	102,870	(118,018)
Cash and cash equivalents at January 1	333,073	230,203	348,221
Cash and cash equivalents at December 31	290,114	333,073	230,203
Supplemental cash flow disclosures
Interest paid	89,687	69,604	18,526
Income taxes paid, net	$ 3,822	$ 3,405	$ 2,288

Summary of Significant Accounti

Summary of Significant Accounting Principles	12 Months Ended
	Dec. 31, 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. New Accounting Standard Adopted Segment Reporting The Financial Accounting Standards Board amended the segment reporting requirements to add disclosures of incremental segment expense categories. The Corporation adopted this guidance effective January 1, 2024 on a retrospective basis. The additional disclosures are included in Note 23 – Business Segment Information . Significant Accounting Principles Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, cash segregated under federal and other brokerage regulations, and amounts due from correspondent banks, the Federal Reserve Bank and certain non-U.S. central banks. Certain cash balances are restricted as to withdrawal or usage by legally binding contractual agreements or regulatory requirements. Securities Financing Agreements Securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase (securities financing agreements) are treated as collateralized financing transactions except in instances where the transaction is required to be accounted for as individual sale and purchase transactions. Generally, these agreements are recorded at acquisition or sale price plus accrued interest. In instances where the interest is negative, the Corporation’s policy is to present negative interest on financial assets as interest income and negative interest on financial liabilities as interest expense. For securities financing agreements that are accounted for under the fair value option, the changes in the fair value of these securities financing agreements are recorded in market making and similar activities in the Consolidated Statement of Income. The Corporation’s policy is to monitor the market value of the principal amount loaned under resale agreements and obtain collateral from or return collateral pledged to counterparties when appropriate. Securities financing agreements do not create material credit risk due to these collateral provisions; therefore, any allowance for loan losses is insignificant. In transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged or sold as collateral, it recognizes an asset on the Consolidated Balance Sheet at fair value, representing the securities received, and a liability, representing the obligation to return those securities. Trading Instruments Financial instruments utilized in trading activities are carried at fair value. Fair value is generally based on quoted market prices for the same or similar assets and liabilities. If these market prices are not available, fair values are estimated based on dealer quotes, pricing models, discounted cash flow methodologies, or similar techniques where the determination of fair value may require significant management judgment or estimation. Realized gains and losses are recorded on a trade-date basis. Realized and unrealized gains and losses are recognized in market making and similar activities. Derivatives and Hedging Activities 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 are both designated in qualifying accounting hedge relationships and derivatives used to hedge market risks in relationships that are not designated in qualifying accounting hedge relationships (referred to as other risk management activities). The Corporation manages interest rate and foreign currency exchange rate sensitivity predominantly through the use of derivatives. Derivatives utilized by the Corporation include swaps, futures and forward settlement contracts, and option contracts. All derivatives are recorded on the Consolidated Balance Sheet at fair value, taking into consideration the effects of legally enforceable master netting agreements that allow the Corporation to settle positive and negative positions and offset cash collateral held with the same counterparty on a net basis. For exchange-traded contracts, fair value is based on quoted market prices in active or inactive markets or is derived from observable market-based pricing parameters, similar to those applied to over-the-counter (OTC) derivatives. For non-exchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. Valuations of derivative assets and liabilities reflect the fair value of the instrument including counterparty credit risk and the Corporation’s own credit standing, as applicable. Trading Derivatives and Other Risk Management Activities Derivatives held for trading purposes are included in derivative assets or derivative liabilities on the Consolidated Balance Sheet with changes in fair value included in market making and similar activities. Derivatives used for other risk management activities are included in derivative assets or derivative liabilities. Derivatives used in other risk management activities have not been designated in qualifying accounting hedge relationships because they did not qualify or the risk that is being mitigated pertains to an item that is reported at fair value through earnings so that the effect of measuring the derivative instrument and the asset or liability to which the risk exposure pertains will offset in the Consolidated Statement of Income to the extent effective. The changes in the fair value of derivatives that serve to mitigate certain risks associated with mortgage servicing rights (MSRs), interest rate lock commitments (IRLCs) and first-lien mortgage loans held-for-sale (LHFS) that are originated by the Corporation are recorded in other income. Changes in the fair value of derivatives that serve to mitigate interest rate risk and foreign currency risk are included in market making and similar activities. Credit derivatives are also used by the Corporation to mitigate the risk associated with various credit exposures. The changes in the fair value of these derivatives are included in market making and similar activities and other income. Derivatives Used For Hedge Accounting Purposes (Accounting Hedges) For accounting hedges, the Corporation formally documents at inception all relationships between hedging instruments and hedged items, as well as the risk management objectives and strategies for undertaking various accounting hedges. The Corporation primarily uses regression analysis at the inception of a hedge and for each reporting period thereafter to assess whether the derivative used in an accounting hedge transaction is expected to be and has been highly effective in offsetting changes in the fair value or cash flows of a hedged item or forecasted transaction. The Corporation discontinues hedge accounting when it is determined that a derivative is not expected to be or has ceased to be highly effective as a hedge. Additionally, the Corporation may choose to discontinue a hedge relationship at any time. Fair value hedges are used to protect against changes in the fair value of the Corporation’s assets and liabilities that are attributable to interest rate or foreign exchange volatility. Changes in the fair value of derivatives designated as fair value hedges are recorded in earnings, together and in the same income statement line item with changes in the fair value of the related hedged item. If a derivative instrument in a fair value hedge is terminated or the hedge designation removed, the previous adjustments to the carrying value of the hedged asset or liability are subsequently accounted for in the same manner as other components of the carrying value of that asset or liability. For interest-earning assets and interest-bearing liabilities, such adjustments are amortized to earnings over the remaining life of the respective asset or liability. Cash flow hedges are used primarily to minimize the variability in cash flows of assets and liabilities or forecasted transactions caused by interest rate or foreign exchange rate fluctuations. The Corporation also uses cash flow hedges to hedge the price risk associated with deferred compensation. Changes in the fair value of derivatives used in cash flow hedges are recorded in accumulated other comprehensive income (OCI) and are reclassified into the line item in the income statement in which the hedged item is recorded in the same period the hedged item affects earnings. Components of a derivative that are excluded in assessing hedge effectiveness are recorded in the same income statement line item as the hedged item. Net investment hedges are used to manage the foreign exchange rate sensitivity arising from a net investment in a foreign operation. Changes in the spot prices of derivatives that are designated as net investment hedges of foreign operations are recorded as a component of accumulated OCI. The remaining components of these derivatives are excluded in assessing hedge effectiveness and are recorded in market making and similar activities. Securities Debt securities are reported on the Consolidated Balance Sheet at their trade date. Their classification is dependent on the purpose for which the securities were acquired. Debt securities purchased for use in the Corporation’s trading activities are reported in trading account assets at fair value with unrealized gains and losses included in market making and similar activities. Substantially all other debt securities purchased are used in the Corporation’s asset and liability management (ALM) activities and are reported on the Consolidated Balance Sheet as either debt securities carried at fair value or as held-to-maturity (HTM) debt securities. Debt securities carried at fair value are either available-for-sale (AFS) securities with unrealized gains and losses net-of-tax included in accumulated OCI or carried at fair value with unrealized gains and losses reported in market making and similar activities. HTM debt securities are debt securities that management has the intent and ability to hold to maturity and are reported at amortized cost. If more than 85 percent of the principal has been collected on level-payment mortgage-backed HTM debt securities since their acquisition, the debt securities, if disposed, are treated as matured for classification purposes. The Corporation evaluates each AFS security where the value has declined below amortized cost. If the Corporation intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. For AFS debt securities the Corporation intends to hold, the Corporation evaluates the debt securities for ECL, except for debt securities that are guaranteed by the U.S. Treasury, U.S. government agencies or sovereign entities of high credit quality where the Corporation applies a zero credit loss assumption. For the remaining AFS debt securities, the Corporation considers qualitative parameters such as internal and external credit ratings and the value of underlying collateral. If an AFS debt security fails any of the qualitative parameters, a discounted cash flow analysis is used by the Corporation to determine if a portion of the unrealized loss is a result of an ECL. The Corporation will then recognize either credit loss expense or a reversal of credit loss expense in other income for the amount necessary to adjust the debt securities valuation allowance to its current estimate of expected credit losses. Cash flows expected to be collected are estimated using all relevant information available such as remaining payment terms, prepayment speeds, the financial condition of the issuer, expected defaults and the value of the underlying collateral. If any of the decline in fair value is related to market factors, that amount is recognized in accumulated OCI. In certain instances, the credit loss may exceed the total decline in fair value, in which case, the allowance recorded is limited to the difference between the amortized cost and the fair value of the asset. The Corporation separately evaluates its HTM debt securities for any credit losses, of which substantially all qualify for the zero loss assumption. For the remaining securities, the Corporation performs a discounted cash flow analysis to estimate any credit losses which are then recognized as part of the allowance for credit losses. Interest on debt securities, including amortization of premiums and accretion of discounts, is included in interest income. Premiums and discounts are amortized or accreted to interest income at a constant effective yield over the contractual lives of the securities. Realized gains and losses from the sales or dispositions of debt securities are determined using the specific identification method. Equity securities with readily determinable fair values that are not held for trading purposes are carried at fair value with unrealized gains and losses included in other income. Equity securities that do not have readily determinable fair values are recorded at cost less impairment, if any, plus or minus qualifying observable price changes. These securities are reported in other assets. Loans and Leases Loans, with the exception of loans accounted for under the fair value option, are reported at their outstanding principal balances net of any unearned income, charge-offs, unamortized deferred fees and costs on originated loans, and for purchased loans, net of any unamortized premiums or discounts. Loan origination fees and certain direct origination costs are deferred and recognized as adjustments to interest income over the lives of the related loans. Unearned income, discounts and premiums are amortized to interest income using a constant effective yield methodology. The Corporation elects to account for certain consumer and commercial loans under the fair value option with interest reported in interest income and changes in fair value reported in market making and similar activities or other income. Under applicable accounting guidance, for reporting purposes, the loan and lease portfolio is categorized by portfolio segment and, within each portfolio segment, by class of financing receivable. A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine the allowance for credit losses, and a class of financing receivable is defined as the level of disaggregation of portfolio segments based on the initial measurement attribute, risk characteristics and methods for assessing risk. The Corporation’s three portfolio segments are Consumer Real Estate, Credit Card and Other Consumer, and Commercial. The classes within the Consumer Real Estate portfolio segment are residential mortgage and home equity. The classes within the Credit Card and Other Consumer portfolio segment are credit card, direct/indirect consumer and other consumer. The classes within the Commercial portfolio segment are U.S. commercial, non-U.S. commercial, commercial real estate, commercial lease financing and U.S. small business commercial. Leases The Corporation provides equipment financing to its customers through a variety of lessor arrangements. Direct financing leases and sales-type leases are carried at the aggregate of lease payments receivable plus the estimated residual value of the leased property less unearned income, which is accreted to interest income over the lease terms using methods that approximate the interest method. Operating lease income is recognized on a straight-line basis. The Corporation's lease arrangements generally do not contain non-lease components. Allowance for Credit Losses The ECL on funded consumer and commercial loans and leases is referred to as the allowance for loan and lease losses and is reported separately as a contra-asset to loans and leases on the Consolidated Balance Sheet. The ECL for unfunded lending commitments, including home equity lines of credit (HELOCs), standby letters of credit (SBLCs) and binding unfunded loan commitments is reported on the Consolidated Balance Sheet in accrued expenses and other liabilities. The provision for credit losses related to the loan and lease portfolio and unfunded lending commitments is reported in the Consolidated Statement of Income at the amount necessary to adjust the allowance for credit losses to the current estimate of ECL. For loans and leases, the ECL is typically estimated using quantitative methods that consider a variety of factors such as historical loss experience, the current credit quality of the portfolio as well as an economic outlook over the life of the loan. The life of the loan for closed-ended products is based on the contractual maturity of the loan adjusted for any expected prepayments. The contractual maturity includes any extension options that are at the sole discretion of the borrower. For open- ended products (e.g., lines of credit), the ECL is determined based on the maximum repayment term associated with future draws from credit lines unless those lines of credit are unconditionally cancellable (e.g., credit cards) in which case the Corporation does not record any allowance. In its loss forecasting framework, the Corporation incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads. As any one economic outlook is inherently uncertain, the Corporation leverages multiple scenarios. The scenarios that are chosen each quarter and the weighting given to each scenario depend on a variety of factors including recent economic events, leading economic indicators, views of internal and third-party economists and industry trends. The estimate of credit losses includes expected recoveries of amounts previously charged off (i.e., negative allowance). If a loan has been charged off, the expected cash flows on the loan are not limited by the current amortized cost balance. Instead, expected cash flows can be assumed up to the unpaid principal balance immediately prior to the charge-off. Included in the allowance for loan and lease losses are qualitative reserves to cover losses that are expected but, in the Corporation's assessment, may not be adequately reflected in the quantitative methods or the economic assumptions described above. For example, factors that the Corporation considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and nonaccrual loans, the effect of external factors such as competition, and legal and regulatory requirements, among others. Further, the Corporation considers the inherent uncertainty in quantitative models that are built on historical data. With the exception of the Corporation's credit card portfolio, the Corporation does not include reserves for interest receivable in the measurement of the allowance for credit losses as the Corporation generally classifies consumer loans as nonperforming at 90 days past due and reverses interest income for these loans at that time. For credit card loans, the Corporation reserves for interest and fees as part of the allowance for loan and lease losses. Upon charge-off of a credit card loan, the Corporation reverses the interest and fee income against the income statement line item where it was originally recorded. The Corporation has identified the following three portfolio segments and measures the allowance for credit losses using the following methods. Consumer Real Estate To estimate ECL for consumer loans secured by residential real estate, the Corporation estimates the number of loans that will default over the life of the existing portfolio, after factoring in estimated prepayments, using quantitative modeling methodologies. The attributes that are most significant in estimating the Corporation’s ECL include refreshed loan-to-value (LTV) or, in the case of a subordinated lien, refreshed combined LTV (CLTV), borrower credit score, months since origination and geography, all of which are further broken down by present collection status (whether the loan is current, delinquent, in default, or in bankruptcy). The estimates are based on the Corporation’s historical experience with the loan portfolio, adjusted to reflect the economic outlook. The outlook on the unemployment rate and consumer real estate prices are key factors that impact the frequency and severity of loss estimates. The Corporation does not reserve for credit losses on the unpaid principal balance of loans insured by the Federal Housing Administration (FHA) and long-term standby loans, as these loans are fully insured. The Corporation records a reserve for unfunded lending commitments for the ECL associated with the undrawn portion of the Corporation’s HELOCs, which can only be canceled by the Corporation if certain criteria are met. The ECL associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. For loans that are more than 180 days past due, the Corporation bases the allowance on the estimated fair value of the underlying collateral as of the reporting date less costs to sell. The fair value of the collateral securing these loans is generally determined using an automated valuation model (AVM) that estimates the value of a property by reference to market data including sales of comparable properties and price trends specific to the Metropolitan Statistical Area in which the property being valued is located. In the event that an AVM value is not available, the Corporation utilizes publicized indices or if these methods provide less reliable valuations, the Corporation uses appraisals or broker price opinions to estimate the fair value of the collateral. While there is inherent imprecision in these valuations, the Corporation believes that they are representative of this portfolio in the aggregate. For loans that are more than 180 days past due, with the exception of the Corporation’s fully insured portfolio, the outstanding balance of loans that is in excess of the estimated property value after adjusting for costs to sell is charged off. If the estimated property value decreases in periods subsequent to the initial charge-off, the Corporation will record an additional charge-off; however, if the value increases in periods subsequent to the charge-off, the Corporation will adjust the allowance to account for the increase but not to a level above the cumulative charge-off amount. Credit Cards and Other Consumer Credit cards are revolving lines of credit without a defined maturity date. The estimated life of a credit card receivable is determined by estimating the amount and timing of expected future payments (e.g., borrowers making full payments, minimum payments or somewhere in between) that it will take for a receivable balance to pay off. The ECL on the future payments incorporates the spending behavior of a borrower through time using key borrower-specific factors and the economic outlook described above. The Corporation applies all expected payments in accordance with the Credit Card Accountability Responsibility and Disclosure Act of 2009 (i.e., paying down the highest interest rate bucket first). Then forecasted future payments are prioritized to pay off the oldest balance until it is brought to zero or an expected charge-off amount. Unemployment rate outlook, borrower credit score, delinquency status and historical payment behavior are all key inputs into the credit card receivable loss forecasting model. Future draws on the credit card lines are excluded from the ECL as they are unconditionally cancellable. The ECL for the consumer vehicle lending portfolio is also determined using quantitative methods supplemented with qualitative analysis. The quantitative model estimates ECL giving consideration to key borrower and loan characteristics such as delinquency status, borrower credit score, LTV ratio, underlying collateral type and collateral value. Commercial The ECL on commercial loans is forecasted using models that estimate credit losses over the loan’s contractual life at an individual loan level. The models use the contractual terms to forecast future principal cash flows while also considering expected prepayments. For open-ended commitments such as revolving lines of credit, changes in funded balance are captured by forecasting a borrower’s draw and payment behavior over the remaining life of the commitment. For loans collateralized with commercial real estate and for which the underlying asset is the primary source of repayment, the loss forecasting models consider key loan and customer attributes such as LTV ratio, net operating income and debt service coverage, and captures variations in behavior according to property type and region. The outlook on the unemployment rate, gross domestic product, and forecasted real estate prices are utilized to determine indicators such as rent levels and vacancy rates, which impact the ECL estimate. For all other commercial loans and leases, the loss forecasting model determines the probabilities of transition to different credit risk ratings or default at each point over the life of the asset based on the borrower’s current credit risk rating, industry sector, size of the exposure and the geographic market. The severity of loss is determined based on the type of collateral securing the exposure, the size of the exposure, the borrower’s industry sector, any guarantors and the geographic market. Assumptions of expected loss are conditioned to the economic outlook, and the model considers key economic variables such as unemployment rate, gross domestic product, corporate bond spreads, real estate and other asset prices and equity market returns. In addition to the allowance for loan and lease losses, the Corporation also estimates ECL related to unfunded lending commitments such as letters of credit, financial guarantees, unfunded bankers acceptances and binding loan commitments, excluding commitments accounted for under the fair value option. Reserves are estimated for the unfunded exposure using the same models and methodologies as the funded exposure and are reported as reserves for unfunded lending commitments. Nonperforming Loans and Leases, Charge-offs and Delinquencies Nonperforming loans and leases generally include loans and leases that have been placed on nonaccrual status. Loans accounted for under the fair value option and LHFS are not reported as nonperforming. When a nonaccrual loan is deemed uncollectible, it is charged off against the allowance for credit losses. If the charged-off amount is later recovered, the amount is reversed through the allowance for credit losses at the recovery date. Charge-offs are reported net of recoveries (net charge-offs). If recoveries for the period are greater than charge- offs, net charge-offs are reported as a negative amount. In accordance with the Corporation’s policies, consumer real estate-secured loans, including residential mortgages and home equity loans, are generally placed on nonaccrual status and classified as nonperforming at 90 days past due unless repayment of the loan is insured by the FHA or through individually insured long-term standby agreements with Fannie Mae (FNMA) or Freddie Mac (FHLMC) (the fully-insured portfolio). Residential mortgage loans in the fully-insured portfolio are not placed on nonaccrual status and, therefore, are not reported as nonperforming. Junior-lien home equity loans are placed on nonaccrual status and classified as nonperforming when the underlying first-lien mortgage loan becomes 90 days past due even if the junior-lien loan is current. The outstanding balance of real estate-secured loans that is in excess of the estimated property value less costs to sell is charged off no later than the end of the month in which the loan becomes 180 days past due unless the loan is fully insured, or for loans in bankruptcy, within 60 days of receipt of notification of filing, with the remaining balance classified as nonperforming. Credit card and other unsecured consumer loans are charged off when the loan becomes 180 days past due, within 60 days after receipt of notification of death or bankruptcy or upon confirmation of fraud. These loans continue to accrue interest until they are charged off and, therefore, are not reported as nonperforming loans. Consumer vehicle loans are placed on nonaccrual status when they become 90 days past due, within 60 days after receipt of notification of bankruptcy or death or upon confirmation of fraud, unless the borrower’s performance indicates that repayment is likely to occur. These loans are charged off to the estimated fair value of the collateral less expected disposal costs when the loans become 120 days past due, upon repossession of the collateral, within 60 days after receipt of notification of bankruptcy or death or upon confirmation of fraud, and when the borrower’s ability to pay cannot be validated. If repossession of the collateral is not expected, the loans are fully charged off. Commercial loans and leases, excluding business card loans, that are past due 90 days or more as to principal or interest, or where reasonable doubt exists as to timely collection, including loans that are individually identified as being impaired, are generally placed on nonaccrual status and classified as nonperforming unless well-secured and in the process of collection. Business card loans are charged off in the same manner as consumer credit card loans. Other commercial loans and leases are generally charged off when all or a portion of the principal amount is determined to be uncollectible. The entire balance of a consumer loan or commercial loan or lease is contractually delinquent if the minimum payment is not received by the specified due date on the customer’s billing statement. Interest and fees continue to accrue on past due loans and leases until the date the loan is placed on nonaccrual status, if applicable. Accrued interest receivable is reversed when loans and leases are placed on nonaccrual status. Interest collections on nonaccruing loans and leases for which the ultimate collec

Net Interest Income and Noninte

Net Interest Income and Noninterest Income	12 Months Ended
	Dec. 31, 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 2024, 2023 and 2022. For more information, see Note 1 – Summary of Significant Accounting Principles . For a disaggregation of noninterest income by business segment and All Othe r, see Note 23 – Business Segment Information . (Dollars in millions) 2024 2023 2022 Net interest income Interest income Loans and leases $ 61,993 $ 57,124 $ 37,919 Debt securities 26,007 20,226 17,127 Federal funds sold and securities borrowed or purchased under agreements to resell 19,911 18,679 4,560 Trading account assets 10,376 8,773 5,521 Other interest income (1) 28,320 25,460 7,438 Total interest income 146,607 130,262 72,565 Interest expense Deposits 38,442 26,163 4,718 Short-term borrowings 34,538 30,553 6,978 Trading account liabilities 2,191 2,043 1,538 Long-term debt 15,376 14,572 6,869 Total interest expense 90,547 73,331 20,103 Net interest income $ 56,060 $ 56,931 $ 52,462 Noninterest income Fees and commissions Card income Interchange fees (2) $ 4,013 $ 3,983 $ 4,096 Other card income 2,271 2,071 1,987 Total card income 6,284 6,054 6,083 Service charges Deposit-related fees 4,708 4,382 5,190 Lending-related fees 1,347 1,302 1,215 Total service charges 6,055 5,684 6,405 Investment and brokerage services Asset management fees 13,875 12,002 12,152 Brokerage fees 3,891 3,561 3,749 Total investment and brokerage services 17,766 15,563 15,901 Investment banking fees Underwriting income 3,275 2,235 1,970 Syndication fees 1,221 898 1,070 Financial advisory services 1,690 1,575 1,783 Total investment banking fees 6,186 4,708 4,823 Total fees and commissions 36,291 32,009 33,212 Market making and similar activities 12,967 12,732 12,075 Other income (loss) (3,431) (3,091) (2,799) Total noninterest income $ 45,827 $ 41,650 $ 42,488 (1) Includes interest income on interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks of $16.8 billion, $16.0 billion, and $2.6 billion for 2024, 2023, and 2022. (2) Gross interchange fees and merchant income were $13.6 billion, $13.3 billion and $12.9 billion for 2024, 2023 and 2022, respectively, and are presented net of $9.5 billion, $9.3 billion and $8.8 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 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 . The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at December 31, 2024 and 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. December 31, 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 $ 20,962.1 $ 71.9 $ 7.6 $ 79.5 $ 61.1 $ 15.2 $ 76.3 Futures and forwards 3,383.0 4.5 — 4.5 4.2 — 4.2 Written options (2) 1,931.2 — — — 29.0 — 29.0 Purchased options (3) 1,789.1 29.2 — 29.2 — — — Foreign exchange contracts Swaps 2,204.0 46.8 0.1 46.9 47.4 — 47.4 Spot, futures and forwards 4,273.5 55.4 2.1 57.5 52.4 0.4 52.8 Written options (2) 652.6 — — — 10.7 — 10.7 Purchased options (3) 578.3 10.5 — 10.5 — — — Equity contracts Swaps 520.4 12.8 — 12.8 14.2 — 14.2 Futures and forwards 129.0 2.3 — 2.3 1.5 — 1.5 Written options (2) 831.6 — — — 55.1 — 55.1 Purchased options (3) 770.1 50.1 — 50.1 — — — Commodity contracts Swaps 64.8 2.1 — 2.1 3.6 — 3.6 Futures and forwards 165.8 4.0 — 4.0 2.3 0.8 3.1 Written options (2) 69.5 — — — 2.7 — 2.7 Purchased options (3) 75.2 2.9 — 2.9 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 408.3 1.7 — 1.7 2.6 — 2.6 Total return swaps/options 98.0 1.0 — 1.0 0.7 — 0.7 Written credit derivatives: Credit default swaps 388.2 2.0 — 2.0 1.6 — 1.6 Total return swaps/options 81.4 1.1 — 1.1 0.2 — 0.2 Gross derivative assets/liabilities $ 298.3 $ 9.8 $ 308.1 $ 289.3 $ 16.4 $ 305.7 Less: Legally enforceable master netting agreements (237.1) (237.1) Less: Cash collateral received/paid (30.1) (29.2) Total derivative assets/liabilities $ 40.9 $ 39.4 (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 $406 million and $361.2 billion at December 31, 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. Where legally enforceable, these master netting agreements give the Corporation, in the event of default by the counterparty, the right to liquidate securities held as collateral and to offset receivables and payables with the same counterparty. For purposes of the Consolidated Balance Sheet, the Corporation offsets derivative assets and liabilities and cash collateral held with the same counterparty where it has such a legally enforceable master netting agreement. The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at December 31, 2024 and 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 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) December 31, 2024 December 31, 2023 Interest rate contracts Over-the-counter $ 108.8 $ 103.9 $ 119.2 $ 117.7 Exchange-traded 0.1 0.1 0.2 0.2 Over-the-counter cleared 3.4 3.6 4.4 3.3 Foreign exchange contracts Over-the-counter 112.7 109.1 89.7 90.4 Over-the-counter cleared 0.5 0.5 0.2 0.2 Equity contracts Over-the-counter 24.6 31.1 24.7 32.2 Exchange-traded 39.8 38.5 34.4 33.9 Commodity contracts Over-the-counter 6.2 7.0 6.6 8.4 Exchange-traded 2.0 1.6 2.3 2.1 Over-the-counter cleared 0.3 0.5 0.4 0.5 Credit derivatives Over-the-counter 5.8 5.0 5.7 5.6 Total gross derivative assets/liabilities, before netting Over-the-counter 258.1 256.1 245.9 254.3 Exchange-traded 41.9 40.2 36.9 36.2 Over-the-counter cleared 4.2 4.6 5.0 4.0 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (224.2) (223.5) (212.1) (218.9) Exchange-traded (39.0) (39.0) (35.4) (35.4) Over-the-counter cleared (4.0) (3.8) (3.5) (3.5) Derivative assets/liabilities, after netting 37.0 34.6 36.8 36.7 Other gross derivative assets/liabilities (2) 3.9 4.8 2.5 6.7 Total derivative assets/liabilities 40.9 39.4 39.3 43.4 Less: Financial instruments collateral (3) (18.1) (14.2) (15.5) (13.0) Total net derivative assets/liabilities $ 22.8 $ 25.2 $ 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. ALM and Risk Management Derivatives The Corporation’s ALM and risk management activities include the use of derivatives to mitigate risk to the Corporation, including derivatives designated in qualifying hedge accounting relationships and derivatives used in other risk management activities. Interest rate, foreign exchange, equity, commodity and credit contracts are utilized in the Corporation's ALM and risk management activities. The Corporation maintains an overall interest rate risk management strategy that incorporates the use of interest rate contracts, which are generally non-leveraged generic interest rate and basis swaps, options, futures and forwards, to minimize significant fluctuations in earnings caused by interest rate volatility. The Corporation’s goal is to manage interest rate sensitivity and volatility so that movements in interest rates do not significantly adversely affect earnings or capital. As a result of interest rate fluctuations, hedged fixed-rate assets and liabilities appreciate or depreciate in fair value. Gains or losses on the derivative instruments that are linked to the hedged fixed-rate assets and liabilities are expected to substantially offset this unrealized appreciation or depreciation. Market risk, including interest rate risk, can be substantial in the mortgage business. Market risk in the mortgage business is the risk that values of mortgage assets or revenues will be adversely affected by changes in market conditions such as interest rate movements. To mitigate the interest rate risk in mortgage banking production income, the Corporation utilizes forward loan sale commitments and other derivative instruments, including purchased options and certain debt securities. The Corporation also utilizes derivatives such as interest rate options, interest rate swaps, forward settlement contracts and eurodollar futures to hedge certain market risks of MSRs. The Corporation uses foreign exchange contracts to manage the foreign exchange risk associated with certain foreign currency-denominated assets and liabilities, as well as the Corporation’s investments in non-U.S. subsidiaries. Exposure to loss on these contracts will increase or decrease over their respective lives as currency exchange and interest rates fluctuate. The Corporation purchases credit derivatives to manage credit risk related to certain funded and unfunded credit exposures. Credit derivatives include credit default swaps (CDS), total return swaps and swaptions. These derivatives are recorded on the Consolidated Balance Sheet at fair value with changes in fair value recorded in other income. 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 table below summarizes information related to fair value hedges for 2024, 2023 and 2022. Gains and Losses on Derivatives and Hedged Items Designated in Fair Value Hedges Derivative Hedged Item (Dollars in millions) 2024 2023 2022 2024 2023 2022 Interest rate risk on long-term debt (1) $ (2,713) $ 3,594 $ (26,654) $ 2,669 $ (3,652) $ 26,825 Interest rate and foreign currency risk (2) 500 (17) (120) (486) 27 119 Interest rate risk on available-for-sale securities (3) 2,279 (3,518) 21,991 (2,322) 3,417 (22,280) Price risk on commodity inventory (4) (577) 2 674 577 (2) (674) Total $ (511) $ 61 $ (4,109) $ 438 $ (210) $ 3,990 (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 2024, 2023 and 2022, the derivative amount includes gains (losses) of $22 million, $6 million and $0 in interest income, $0, $13 million and $(37) million in interest expense, $463 million, $(51) million and $(81) million in market making and similar activities, and $15 million, $15 million and $(2) million in accumulated OCI, respectively. 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 December 31, 2024 December 31, 2023 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt $ 188,202 $ (7,263) $ 203,986 $ (5,767) Available-for-sale debt securities (2, 3) 244,664 (4,764) 134,077 (1,793) Trading account assets (4) 3,639 101 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 December 31, 2024 and 2023, the amortized cost of the closed portfolios used in these hedging relationships was $34.8 billion and $39.1 billion, of which $26.1 billion and $22.5 billion were designated in a portfolio layer hedging relationship. At December 31, 2024 and 2023, the cumulative adjustment associated with these hedging relationships was a decrease of $435 million and an increase of $48 million. (3) Carrying value represents amortized cost. (4) Represents hedging activities related to certain commodities inventory. At December 31, 2024 and 2023, the fair value adjustments from de-designated long-term debt hedges decreased the long-term debt carrying value by $11.2 billion and $10.5 billion. The fair value adjustments from de-designated AFS debt securities hedges decreased the AFS debt securities carrying value by $4.4 billion and $5.6 billion at December 31, 2024 and 2023. The fair value adjustments are being amortized or accreted into interest over the contractual lives of the assets or liabilities. Cash Flow and Net Investment Hedges The following table summarizes certain information related to cash flow hedges and net investment hedges for 2024, 2023 and 2022. Of the $5.6 billion after-tax net loss ($7.5 billion pretax) on derivatives in accumulated OCI at December 31, 2024, losses of $2.5 billion after-tax ($3.4 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 five years. For terminated cash flow hedges, the time period over which the forecasted transactions will be recognized in interest income is approximately four years, with the aggregated amount beyond this time period being insignificant. On November 15, 2023, Bloomberg Index Services Limited announced the permanent cessation of the Bloomberg Short-Term Bank Yield Index (BSBY) and all its tenors effective after final publication on November 15, 2024. The Corporation determined that certain forecasted BSBY-indexed interest payments, which had been designated in cash flow hedges, were no longer expected to occur beyond November 15, 2024 as they would transition to a new reference rate. Accordingly, during the fourth quarter of 2023, the Corporation reclassified $2.0 billion of pretax loss from accumulated OCI into market making and similar activities for the amount related to these forecasted transactions. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Gains (Losses) Recognized in Gains (Losses) in Income (Dollars in millions, amounts pretax) 2024 2023 2022 2024 2023 2022 Cash flow hedges Interest rate risk on variable-rate portfolios (1) $ 389 $ 1,995 $ (13,492) $ (2,826) $ (3,176) $ (338) Price risk on forecasted MBS purchases (1) — 6 (129) (9) (2) 11 Price risk on certain compensation plans (2) 29 48 (88) 35 25 29 Total $ 418 $ 2,049 $ (13,709) $ (2,800) $ (3,153) $ (298) Net investment hedges Foreign exchange risk (3) $ 2,624 $ (808) $ 1,710 $ (146) $ 143 $ 3 (1) Amounts reclassified from accumulated OCI are recorded in interest income and market making and similar activities 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. Amounts excluded from effectiveness testing and recognized in market making and similar activities were gains (losses) of $252 million, $195 million and $(38) million in 2024, 2023 and 2022, respectively. 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 2024, 2023 and 2022. These gains (losses) are largely offset by the income or expense recorded on the hedged item. Gains and Losses on Other Risk Management Derivatives (Dollars in millions) 2024 2023 2022 Interest rate risk on mortgage activities (1, 2) $ (49) $ 16 $ (326) Credit risk on loans (2) (52) (70) (37) Interest rate and foreign currency risk on asset and liability management activities (3) 952 777 4,713 Price risk on certain compensation plans (4) 427 584 (1,073) (1) Includes hedges of interest rate risk on MSRs and 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. For 2023, includes $447 million of positive fair value adjustments related to the interest rate swaps that occurred after de-designation of BSBY hedges and prior to re-designation of the interest rate swaps into new hedges. (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 December 31, 2024 and 2023, the Corporation had transferred $3.9 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 $3.9 billion and $4.2 billion at the transfer dates. At December 31, 2024 and 2023, the fair value of the transferred securities was $3.6 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. The related sales and trading revenue generated within Global Markets is recorded in various income statement line items, including market making and similar activities and net interest income as well as other revenue categories. Sales and trading revenue includes changes in the fair value and realized gains and losses on the sales of trading and other assets, net interest income, and fees primarily from commissions on equity securities. Revenue is generated by the difference in the client price for an instrument and the price at which the trading desk can execute the trade in the dealer market. For equity securities, commissions related to purchases and sales are recorded in the “Other” column in the Sales and Trading Revenue table. Changes in the fair value of these securities are included in market making and similar activities. For debt securities, revenue, with the exception of interest associated with the debt securities, is typically included in market making and similar activities. Unlike commissions for equity securities, the initial revenue related to broker-dealer services for debt securities is typically included in the pricing of the instrument rather than being charged through separate fee arrangements. Therefore, this revenue is recorded in market making and similar activities as part of the initial mark to fair value. For derivatives, the majority of revenue is included in market making and similar activities. In transactions where the Corporation acts as agent, which include exchange-traded futures and options, fees are recorded in other income. 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 2024, 2023 and 2022. This table includes debit valuation adjustment (DVA) and funding valuation adjustment (FVA) gains (losses). Global Markets results in Note 23 – 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 (Dollars in millions) 2024 Interest rate risk $ 2,245 $ 1,378 $ 420 $ 4,043 Foreign exchange risk 1,866 120 98 2,084 Equity risk 7,065 (1,485) 1,861 7,441 Credit risk 1,206 2,465 596 4,267 Other risk (2) 394 94 (406) 82 Total sales and trading revenue $ 12,776 $ 2,572 $ 2,569 $ 17,917 2023 Interest rate risk $ 3,192 $ 366 $ 402 $ 3,960 Foreign exchange risk 1,800 149 87 2,036 Equity risk 6,628 (1,955) 1,774 6,447 Credit risk 1,205 2,462 340 4,007 Other risk (2) 602 (155) (67) 380 Total sales and trading revenue $ 13,427 $ 867 $ 2,536 $ 16,830 2022 Interest rate risk $ 1,919 $ 1,619 $ 392 $ 3,930 Foreign exchange risk 1,981 46 (44) 1,983 Equity risk 6,077 (1,288) 1,757 6,546 Credit risk 592 2,228 177 2,997 Other risk (2) 835 (171) 15 679 Total sales and trading revenue $ 11,404 $ 2,434 $ 2,297 $ 16,135 (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 $2.1 billion, $2.0 billion and $2.0 billion in 2024, 2023 and 2022, respectively. (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 derive value based on an underlying third-party referenced obligation or a portfolio of referenced obligations and generally require the Corporation, as the seller of credit protection, to make payments to a buyer upon the occurrence of a predefined credit event. Such credit events generally include bankruptcy of the referenced credit entity and failure to pay under the obligation, as well as acceleration of indebtedness and payment repudiation or moratorium. For credit derivatives based on a portfolio of referenced credits or credit indices, the Corporation may not be required to make payment until a specified amount of loss has occurred and/or may only be required to make payment up to a specified amount. 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. Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at December 31, 2024 and 2023 are summarized in the following table. Credit Derivative Instruments Less than One to Three to Over Five Total December 31, 2024 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ — $ 3 $ 24 $ 16 $ 43 Non-investment grade 33 304 752 441 1,530 Total 33 307 776 457 1,573 Total return swaps/options: Investment grade 93 — — — 93 Non-investment grade 145 — — — 145 Total 238 — — — 238 Total credit derivatives $ 271 $ 307 $ 776 $ 457 $ 1,811 Credit-related notes: Investment grade $ — $ — $ 9 $ 715 $ 724 Non-investment grade 5 5 37 1,119 1,166 Total credit-related notes $ 5 $ 5 $ 46 $ 1,834 $ 1,890 Maximum Payout/Notional Credit default swaps: Investment grade $ 35,634 $ 87,302 $ 150,225 $ 21,482 $ 294,643 Non-investment grade 15,070 30,255 43,969 4,233 93,527 Total 50,704 117,557 194,194 25,715 388,170 Total return swaps/options: Investment grade 54,041 1,288 1,185 238 56,752 Non-investment grade 22,762 1,452 292 98 24,604 Total 76,803 2,740 1,477 336 81,356 Total credit derivatives $ 127,507 $ 120,297 $ 195,671 $ 26,051 $ 469,526 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 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 The Corporation executes the majority of its derivative contracts in the OTC market with large, international financial institutions, including broker-dealers and, to a lesser degree, with a variety of nonfinancial companies. A significant majority of the derivative transactions are executed on a daily margin basis. Therefore, events such as a credit rating downgrade (depending on the ultimate rating level) or a breach of credit covenants would typically require an increase in the amount of collateral required of the counterparty, where applicable, and/or allow the Corporation to take additional protective measures such as early termination of all trades. Further, as previously discussed on page 158, the Corporation enters into legally enforceable master netting agreements that reduce risk by permitting closeout and netting of transactions with the same counterparty upon the occurrence of certain events. 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 December 31, 2024 and 2023, the Corporation held cash and securities collateral of $105.9 billion and $104.1 billion and posted cash and securities collateral of $83.1 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

Securities

Securities	12 Months Ended
	Dec. 31, 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 AFS debt securities, other debt securities carried at fair value and HTM debt securities at December 31, 2024 and 2023. Debt Securities Amortized Gross Gross Fair Amortized Gross Gross Fair (Dollars in millions) December 31, 2024 December 31, 2023 Available-for-sale debt securities Mortgage-backed securities: Agency $ 32,781 $ 35 $ (1,614) $ 31,202 $ 39,195 $ 37 $ (1,420) $ 37,812 Agency-collateralized mortgage obligations 19,519 17 (218) 19,318 2,739 6 (201) 2,544 Commercial 26,032 73 (503) 25,602 10,909 40 (514) 10,435 Non-agency residential (1) 287 50 (52) 285 449 3 (70) 382 Total mortgage-backed securities 78,619 175 (2,387) 76,407 53,292 86 (2,205) 51,173 U.S. Treasury and government agencies 235,582 150 (1,153) 234,579 179,108 19 (1,461) 177,666 Non-U.S. securities 22,453 20 (42) 22,431 22,868 27 (20) 22,875 Other taxable securities 4,646 2 (45) 4,603 4,910 1 (76) 4,835 Tax-exempt securities 8,628 17 (233) 8,412 10,304 17 (221) 10,100 Total available-for-sale debt securities 349,928 364 (3,860) 346,432 270,482 150 (3,983) 266,649 Other debt securities carried at fair value (2) 12,352 59 (236) 12,175 10,202 56 (55) 10,203 Total debt securities carried at fair value 362,280 423 (4,096) 358,607 280,684 206 (4,038) 276,852 Held-to-maturity debt securities Agency mortgage-backed securities 430,135 — (88,458) 341,677 465,456 — (78,930) 386,526 U.S. Treasury and government agencies 121,696 — (18,661) 103,035 121,645 — (17,963) 103,682 Other taxable securities 6,882 1 (1,047) 5,836 7,490 — (1,101) 6,389 Total held-to-maturity debt securities 558,713 1 (108,166) 450,548 594,591 — (97,994) 496,597 Total debt securities (3,4) $ 920,993 $ 424 $ (112,262) $ 809,155 $ 875,275 $ 206 $ (102,032) $ 773,449 (1) At December 31, 2024 and 2023, the underlying collateral type included approximately 25 percent and 17 percent prime and 75 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 20 – Fair Value Measurements . (3) Includes securities pledged as collateral of $184.6 billion and $204.9 billion at December 31, 2024 and 2023. (4) The Corporation held debt securities from FNMA and FHLMC that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $260.9 billion and $169.0 billion, and a fair value of $209.6 billion and $136.5 billion at December 31, 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 December 31, 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 $2.6 billion, net of the related income tax benefit of $872 million. At December 31, 2024 and 2023, nonperforming AFS debt securities held by the Corporation were not significant. At December 31, 2024 and 2023, $871.1 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 ECL on the remaining $37.5 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 . At December 31, 2024 and 2023, the Corporation held equity securities at an aggregate fair value of $247 million and $251 million and other equity securities, as valued under the measurement alternative, at a carrying value of $438 million and $377 million, both of which are included in other assets. At December 31, 2024 and 2023, the Corporation also held money market investments at a fair value of $1.3 billion and $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 2024, 2023 and 2022 are presented in the table below. Gains and Losses on Sales of AFS Debt Securities (Dollars in millions) 2024 2023 2022 Gross gains $ 20 $ 109 $ 1,251 Gross losses (49) (514) (1,219) Net gains (losses) on sales of AFS debt securities $ (29) $ (405) $ 32 Income tax expense (benefit) attributable to realized net gains (losses) on sales of AFS debt securities $ (7) $ (101) $ 8 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 December 31, 2024 and 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) December 31, 2024 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 2,908 $ (22) $ 20,085 $ (1,592) $ 22,993 $ (1,614) Agency-collateralized mortgage obligations 9,597 (21) 1,493 (197) 11,090 (218) Commercial 11,486 (57) 4,667 (446) 16,153 (503) Non-agency residential — — 160 (52) 160 (52) Total mortgage-backed securities 23,991 (100) 26,405 (2,287) 50,396 (2,387) U.S. Treasury and government agencies 75,753 (135) 69,027 (1,018) 144,780 (1,153) Non-U.S. securities 3,367 (26) 4,906 (16) 8,273 (42) Other taxable securities 3,192 (5) 814 (40) 4,006 (45) Tax-exempt securities 1,025 (20) 2,194 (213) 3,219 (233) Total AFS debt securities in a continuous $ 107,328 $ (286) $ 103,346 $ (3,574) $ 210,674 $ (3,860) 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 $ 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 December 31, 2024 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the MBS or other 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 $ — — % $ 6 2.83 % $ 5 4.00 % $ 32,770 4.56 % $ 32,781 4.56 % Agency-collateralized mortgage obligations — — — — 1 1.00 19,518 5.90 19,519 5.90 Commercial 142 3.80 9,630 4.20 13,722 4.26 2,551 2.77 26,045 4.09 Non-agency residential — — — — — — 552 11.48 552 11.48 Total mortgage-backed securities 142 3.80 9,636 4.20 13,728 4.26 55,391 5.02 78,897 4.79 U.S. Treasury and government agencies 24,484 4.58 202,038 3.82 12,910 2.78 34 3.99 239,466 3.85 Non-U.S. securities 19,865 3.20 4,391 2.25 3,861 4.56 2,526 3.77 30,643 3.29 Other taxable securities 947 5.67 3,160 5.34 397 3.52 142 4.55 4,646 5.22 Tax-exempt securities 758 2.83 3,588 3.75 982 3.27 3,300 4.10 8,628 3.75 Total amortized cost of debt securities carried at fair value $ 46,196 3.98 $ 222,813 3.83 $ 31,878 3.65 $ 61,393 4.92 $ 362,280 4.02 Amortized cost of HTM debt securities Agency mortgage-backed securities $ — — % $ — — % $ 10 2.60 % $ 430,125 2.12 % $ 430,135 2.12 % U.S. Treasury and government agencies 493 2.71 24,731 1.84 96,472 1.27 — — 121,696 1.39 Other taxable securities 174 2.15 1,007 2.28 100 3.53 5,601 2.53 6,882 2.50 Total amortized cost of HTM debt securities $ 667 2.56 $ 25,738 1.86 $ 96,582 1.27 $ 435,726 2.12 $ 558,713 1.96 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 5 $ 5 $ 31,192 $ 31,202 Agency-collateralized mortgage obligations — — 1 19,317 19,318 Commercial 141 9,572 13,564 2,336 25,613 Non-agency residential — 2 — 533 535 Total mortgage-backed securities 141 9,579 13,570 53,378 76,668 U.S. Treasury and government agencies 24,556 201,280 12,597 31 238,464 Non-U.S. securities 19,682 4,391 3,892 2,492 30,457 Other taxable securities 944 3,149 378 135 4,606 Tax-exempt securities 754 3,569 963 3,126 8,412 Total debt securities carried at fair value $ 46,077 $ 221,968 $ 31,400 $ 59,162 $ 358,607 Fair value of HTM debt securities Agency mortgage-backed securities $ — $ — $ 9 $ 341,668 $ 341,677 U.S. Treasury and government agencies 490 21,791 80,754 — 103,035 Other taxable securities 170 973 69 4,624 5,836 Total fair value of HTM debt securities $ 660 $ 22,764 $ 80,832 $ 346,292 $ 450,548 (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	12 Months Ended
	Dec. 31, 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 December 31, 2024 and 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) December 31, 2024 Consumer real estate Residential mortgage $ 1,222 $ 288 $ 788 $ 2,298 $ 225,901 $ 228,199 Home equity 80 40 127 247 25,490 25,737 Credit card and other consumer Credit card 685 552 1,401 2,638 100,928 103,566 Direct/Indirect consumer (2) 290 113 106 509 106,613 107,122 Other consumer — — — — 151 151 Total consumer 2,277 993 2,422 5,692 459,083 464,775 Consumer loans accounted for under the fair value option (3) $ 221 221 Total consumer loans and leases 2,277 993 2,422 5,692 459,083 221 464,996 Commercial U.S. commercial 910 228 345 1,483 385,507 386,990 Non-U.S. commercial 65 17 4 86 137,432 137,518 Commercial real estate (4) 640 121 990 1,751 63,979 65,730 Commercial lease financing 32 9 19 60 15,648 15,708 U.S. small business commercial 190 94 199 483 20,382 20,865 Total commercial 1,837 469 1,557 3,863 622,948 626,811 Commercial loans accounted for under the fair value option (3) 4,028 4,028 Total commercial loans and leases 1,837 469 1,557 3,863 622,948 4,028 630,839 Total loans and leases (5) $ 4,114 $ 1,462 $ 3,979 $ 9,555 $ 1,082,031 $ 4,249 $ 1,095,835 Percentage of outstandings 0.38 % 0.13 % 0.36 % 0.87 % 98.74 % 0.39 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $188 million and nonperforming loans of $174 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $71 million and nonperforming loans of $107 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $229 million and nonperforming loans of $686 million. Consumer real estate loans current or less than 30 days past due includes $1.5 billion, and direct/indirect consumer includes $54 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $54.9 billion, U.S. securities-based lending loans of $48.7 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 $59 million and home equity loans of $162 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.8 billion and non-U.S. commercial loans of $1.3 billion. For more information, see Note 20 – Fair Value Measurements and Note 21 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $59.6 billion and non-U.S. commercial real estate loans of $6.1 billion. (5) Total outstandings includes loans and leases pledged as collateral of $26.8 billion. The Corporation also pledged $305.2 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 20 – Fair Value Measurements and Note 21 – 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 $8.0 billion and $8.7 billion at December 31, 2024 and 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 $6.0 billion and $5.5 billion at December 31, 2024 and 2023. Commercial nonperforming loans were $3.3 billion and $2.8 billion at December 31, 2024 and 2023 and were primarily comprised of commercial real estate. Consumer nonperforming loans were $2.6 billion and $2.7 billion at December 31, 2024 and 2023, primarily comprised of residential mortgage. The following table presents the Corporation’s nonperforming loans and leases and loans accruing past due 90 days or more at December 31, 2024 and 2023. Nonperforming 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. Credit Quality Nonperforming Loans Accruing Past Due December 31 (Dollars in millions) 2024 2023 2024 2023 Residential mortgage (1) $ 2,052 $ 2,114 $ 229 $ 252 With no related allowance (2) 1,883 1,974 — — Home equity (1) 409 450 — — With no related allowance (2) 334 375 — — Credit Card n/a n/a 1,401 1,224 Direct/indirect consumer 186 148 1 2 Total consumer 2,647 2,712 1,631 1,478 U.S. commercial 1,204 636 90 51 Non-U.S. commercial 8 175 4 4 Commercial real estate 2,068 1,927 6 32 Commercial lease financing 20 19 3 7 U.S. small business commercial 28 16 197 184 Total commercial 3,328 2,773 300 278 Total nonperforming loans $ 5,975 $ 5,485 $ 1,931 $ 1,756 Percentage of outstanding loans and leases 0.55 % 0.52 % 0.18 % 0.17 % (1) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At December 31, 2024 and 2023 residential mortgage included $119 million and $156 million of loans on which interest had been curtailed by the FHA, and therefore were no longer accruing interest, although principal was still insured, and $110 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. Within the Consumer Real Estate portfolio segment, the primary credit quality indicators are refreshed 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 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 December 31, 2024. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of December 31, 2024 2023 2022 2021 2020 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 215,575 $ 18,115 $ 12,910 $ 36,748 $ 71,912 $ 32,504 $ 43,386 Greater than 90 percent but less than or equal to 100 percent 1,848 724 463 471 122 31 37 Greater than 100 percent 863 428 195 144 56 15 25 Fully-insured loans 9,913 288 190 302 3,153 2,568 3,412 Total Residential Mortgage $ 228,199 $ 19,555 $ 13,758 $ 37,665 $ 75,243 $ 35,118 $ 46,860 Residential Mortgage Refreshed FICO score Less than 620 $ 2,619 $ 172 $ 171 $ 484 $ 649 $ 427 $ 716 Greater than or equal to 620 and less than 680 4,687 329 337 826 1,201 736 1,258 Greater than or equal to 680 and less than 740 22,666 2,008 1,553 4,112 6,322 3,431 5,240 Greater than or equal to 740 188,314 16,758 11,507 31,941 63,918 27,956 36,234 Fully-insured loans 9,913 288 190 302 3,153 2,568 3,412 Total Residential Mortgage $ 228,199 $ 19,555 $ 13,758 $ 37,665 $ 75,243 $ 35,118 $ 46,860 Gross charge-offs for the year ended December 31, 2024 $ 21 $ 2 $ 3 $ 6 $ 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) December 31, 2024 Home Equity Refreshed LTV Less than or equal to 90 percent $ 25,638 $ 780 $ 21,450 $ 3,408 Greater than 90 percent but less than or equal to 100 percent 51 4 42 5 Greater than 100 percent 48 3 34 11 Total Home Equity $ 25,737 $ 787 $ 21,526 $ 3,424 Home Equity Refreshed FICO score Less than 620 $ 645 $ 72 $ 320 $ 253 Greater than or equal to 620 and less than 680 1,115 83 689 343 Greater than or equal to 680 and less than 740 4,373 161 3,429 783 Greater than or equal to 740 19,604 471 17,088 2,045 Total Home Equity $ 25,737 $ 787 $ 21,526 $ 3,424 Gross charge-offs for the year ended December 31, 2024 $ 21 $ 6 $ 9 $ 6 (1) Includes reverse mortgages of $500 million and home equity loans of $287 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 December 31, Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 1,483 $ 10 $ 249 $ 452 $ 433 $ 243 $ 53 $ 43 $ 5,866 $ 5,511 $ 355 Greater than or equal to 620 and less than 680 2,360 9 735 699 523 272 67 55 11,580 11,250 330 Greater than or equal to 680 and less than 740 8,071 42 3,038 2,179 1,587 825 226 174 35,037 34,743 294 Greater than or equal to 740 43,141 67 17,889 11,240 7,635 3,908 1,319 1,083 51,083 51,019 64 Other internal credit metrics (2,3) 52,067 51,433 165 51 127 95 36 160 — — — Total credit card and other $ 107,122 $ 51,561 $ 22,076 $ 14,621 $ 10,305 $ 5,343 $ 1,701 $ 1,515 $ 103,566 $ 102,523 $ 1,043 Gross charge-offs for the year $ 399 $ 5 $ 46 $ 144 $ 109 $ 51 $ 12 $ 32 $ 4,365 $ 4,188 $ 177 (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 $51.4 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, 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 $ 374,380 $ 49,587 $ 33,352 $ 34,015 $ 20,801 $ 10,172 $ 34,176 $ 192,277 Reservable criticized 12,610 157 901 1,035 799 340 1,996 7,382 Total U.S. Commercial $ 386,990 $ 49,744 $ 34,253 $ 35,050 $ 21,600 $ 10,512 $ 36,172 $ 199,659 Gross charge-offs for the year ended $ 439 $ 3 $ 122 $ 80 $ 19 $ 4 $ 63 $ 148 Non-U.S. Commercial Risk ratings Pass rated $ 135,720 $ 27,119 $ 14,268 $ 12,220 $ 11,750 $ 1,328 $ 6,777 $ 62,258 Reservable criticized 1,798 22 180 145 310 8 106 1,027 Total Non-U.S. Commercial $ 137,518 $ 27,141 $ 14,448 $ 12,365 $ 12,060 $ 1,336 $ 6,883 $ 63,285 Gross charge-offs for the year ended $ 81 $ — $ 41 $ 22 $ 16 $ — $ — $ 2 Commercial Real Estate Risk ratings Pass rated $ 55,607 $ 5,422 $ 4,935 $ 10,755 $ 8,990 $ 2,911 $ 13,310 $ 9,284 Reservable criticized 10,123 41 211 3,252 2,100 588 3,372 559 Total Commercial Real Estate $ 65,730 $ 5,463 $ 5,146 $ 14,007 $ 11,090 $ 3,499 $ 16,682 $ 9,843 Gross charge-offs for the year ended $ 894 $ — $ — $ 57 $ 83 $ 62 $ 663 $ 29 Commercial Lease Financing Risk ratings Pass rated $ 15,417 $ 3,902 $ 3,675 $ 2,465 $ 1,921 $ 1,033 $ 2,421 $ — Reservable criticized 291 9 96 67 52 23 44 — Total Commercial Lease Financing $ 15,708 $ 3,911 $ 3,771 $ 2,532 $ 1,973 $ 1,056 $ 2,465 $ — Gross charge-offs for the year ended $ 2 $ — $ — $ — $ 2 $ — $ — $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 9,806 $ 1,926 $ 1,887 $ 1,650 $ 1,302 $ 604 $ 1,992 $ 445 Reservable criticized 443 8 83 104 115 25 105 3 Total U.S. Small Business Commercial $ 10,249 $ 1,934 $ 1,970 $ 1,754 $ 1,417 $ 629 $ 2,097 $ 448 Gross charge-offs for the year ended $ 30 $ — $ 1 $ 2 $ 1 $ 6 $ 7 $ 13 Total $ 616,195 $ 88,193 $ 59,588 $ 65,708 $ 48,140 $ 17,032 $ 64,299 $ 273,235 Gross charge-offs for the year ended $ 1,446 $ 3 $ 164 $ 161 $ 121 $ 72 $ 733 $ 192 (1) Excludes $4.0 billion of loans accounted for under the fair value option at December 31, 2024. (2) Excludes U.S. Small Business Card loans of $10.6 billion. Refreshed FICO scores for this portfolio are $699 million for less than 620; $1.2 billion for greater than or equal to 620 and less than 680; $3.0 billion for greater than or equal to 680 and less than 740; and $5.8 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $489 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. 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). Consumer Real Estate The following modification programs are offered for consumer real estate loans to borrowers experiencing financial difficulties, in addition to borrowers affected by natural disasters. 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 at December 31, 2024 and 2023. Consumer Real Estate - Modifications to Borrowers in Financial Difficulty Forbearance and Other Payment Plans Permanent Modification Total As a % of Financing Receivables (Dollars in millions) Year Ended December 31, 2024 Residential Loans $ 46 $ 186 $ 232 0.10 % Home Equity 1 31 32 0.12 % Total $ 47 $ 217 $ 264 0.10 % Year Ended December 31, 2023 Residential Loans $ 429 $ 154 $ 583 0.26 % Home Equity 57 31 88 0.34 Total $ 486 $ 185 $ 671 0.26 The table below presents the financial effect of modified consumer real estate loans . Financial Effect of Modified Consumer Real Estate Loans Year Ended December 31 2024 2023 Forbearance and Other Payment Plans Weighted-average duration Residential Mortgage 7 months 8 months Home Equity n/a 9 months Permanent Modifications Weighted-average Term Extension Residential Mortgage 9.6 years 9.9 years Home Equity 17.7 years 17.7 years Weighted-average Interest Rate Reduction Residential Mortgage 1.25 % 1.41 % Home Equity 2.61 % 2.74 % 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 December 31, 2024 and 2023. The Corporation tracks the performance of modified loans to assess effectiveness of modification programs. During 2024 and 2023, defaults of residential and home equity loans that had been modified within 12 months were $128 million and $287 million. The table below provides aging information as of December 31, 2024 and 2023 for consumer real estate loans that were modified over the last 12 months. 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) December 31, 2024 Residential mortgage $ 123 $ 54 $ 55 $ 232 Home equity 28 2 2 32 Total $ 151 $ 56 $ 57 $ 264 December 31, 2023 Residential mortgage $ 334 $ 101 $ 148 $ 583 Home equity 58 5 25 88 Total $ 392 $ 106 $ 173 $ 671 Consumer real estate foreclosed properties totaled $60 million and $83 million at December 31, 2024 and 2023. The carrying value of consumer real estate loans, including fully-insured loans, for which formal foreclosure proceedings were in process at December 31, 2024 and 2023, was $464 million and $633 million. During 2024 and 2023, the Corporation reclassified $89 million and $106 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 December 31, 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 December 31, 2024 amortized cost of credit card and other consumer loans that were modified through these programs during 2024 was $650 million compared to $598 million in 2023. These modifications represented 0.31 percent of outstanding credit card and other consumer loans for 2024 compared to 0.29 percent for 2023. During 2024, the financial effect of modifications resulted in a weighted-average interest rate reduction of 18.89 percent compared to 19.02 percent in 2023, and principal forgiveness of $113 million compared to $61 million in 2023. The Corporation tracks the performance of modified loans to assess effectiveness of modification programs. During 2024 and 2023, defaults of credit card and other consumer loans that had been modified within 12 months were insignificant. At December 31, 2024, modified credit card and other consumer loans to borrowers experiencing financial difficulty over the last 12 months totaled $650 million, of which $546 million were current, $58 million were 30-89 days past due, and $46 million were greater than 90 days past due. At December 31, 2023, modified credit card and other consumer loans to borrowers experiencing financial difficulty totaled $598 million, of which $491 million were current, $59 million were 30-89 days past due, and $48 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 Corporation forbearing its contractual right to collect certain payments or payment in full (maturity forbearance) for a defined period of time. Reductions in interest rates and principal forgiveness occur infrequently for commercial borrowers. Principal forgiveness may occur in connection with foreclosure, short sales or other settlement agreements, leading to termination or sale of the loan. The following table provides the ending amortized cost of commercial loans modified during 2024 and 2023. Commercial Loans - Modifications to Borrowers in Financial Difficulty Term Extension Forbearances Interest Rate Total As a % of Financing Receivables (Dollars in millions) Year Ended December 31, 2024 U.S. commercial $ 1,266 $ 262 $ — $ 1,528 0.39 % Non-U.S. commercial 27 — — 27 0.02 Commercial real estate 1,849 444 100 2,393 3.64 Total $ 3,142 $ 706 $ 100 $ 3,948 0.67 Year Ended December 31, 2023 U.S. commercial $ 1,016 $ 30 $ — $ 1,046 0.29 % Non-U.S. commercial 136 — 24 160 0.13 Commercial real estate 1,656 416 — 2,072 2.84 Total $ 2,808 $ 446 $ 24 $ 3,278 0.59 Term extensions granted increased the weighted-average life of the impacted loans by 1.7 years during 2024 compared to 1.6 years in 2023. The weighted-average duration of loan payments deferred under the Corporation’s commercial loan forbearance program was 9 months during 2024 and 2023. The deferral period for loan payments can vary, but are mostly in the range of 8 months to 24 months. Modifications of loans to troubled borrowers for Commercial Lease Financing and U.S. Small Business Commercial were not significant during 2024. The Corporation tracks the performance of modified loans to assess effectiveness of modification programs. In 2024 and 2023, defaults of commercial loans that had been modified within 12 months were $102 million and $159 million. The table below provides aging information as of December 31, 2024 and 2023 for commercial loans that were modified over the last 12 months. Commercial - Payment Status of Modified Loans to Borrowers in Financial Difficulty Current 30–89 Days Past Due 90+ Days Past Due Total (Dollars in millions) December 31, 2024 U.S. Commercial $ 1,346 $ 70 $ 112 $ 1,528 Non-U.S. Commercial 27 — — 27 Commercial Real Estate 2,100 90 203 2,393 Total $ 3,473 $ 160 $ 315 $ 3,948 December 31,

Securitizations and Other Varia

Securitizations and Other Variable Interest Entities	12 Months Ended
	Dec. 31, 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. The tables in this Note present the assets and liabilities of consolidated and unconsolidated VIEs at December 31, 2024 and 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 December 31, 2024 and 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 2024, 2023 and 2022 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 $1.0 billion and $989 million at December 31, 2024 and 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 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 12 – 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 2024, 2023 and 2022. First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage (Dollars in millions) 2024 2023 2022 2024 2023 2022 Proceeds from loan sales (1) $ 4,459 $ 4,513 $ 8,084 $ 13,392 $ 2,132 $ 5,853 Gains (losses) on securitizations (2) (6) (15) 8 164 44 46 Repurchases from securitization trusts (3) 36 33 53 — — — (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 $33 million, $49 million and $41 million, net of hedges, during 2024, 2023 and 2022, respectively, 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 $84.1 billion and $92.7 billion at December 31, 2024 and 2023. Servicing fee and ancillary fee income on serviced loans was $231 million, $248 million and $274 million during 2024, 2023 and 2022, respectively. Servicing advances on serviced loans, including loans serviced for others and loans held for investment, were $1.0 billion and $1.3 billion at December 31, 2024 and 2023. For more information on MSRs, see Note 20 – 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 2024, 2023 and 2022, the Corporation deconsolidated agency residential mortgage securitization trusts with total assets of $1.1 billion, $685 million and $784 million. 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 December 31, 2024 and 2023. Mortgage and Home Equity Securitizations Residential Mortgage Non-agency Agency Prime and Alt-A Subprime Home Equity (1) Commercial Mortgage December 31 (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Unconsolidated VIEs Maximum loss exposure (2) $ 7,353 $ 8,190 $ 84 $ 92 $ 301 $ 657 $ — $ — $ 1,640 $ 1,558 On-balance sheet assets Senior securities: Trading account assets $ 126 $ 235 $ 10 $ 13 $ 12 $ 20 $ — $ — $ 328 $ 70 Debt securities carried at fair value 2,222 2,541 — — 416 341 — — — — Held-to-maturity securities 5,005 5,414 — — — — — — 1,172 1,287 All other assets — — 3 4 23 23 — — 41 79 Total retained positions $ 7,353 $ 8,190 $ 13 $ 17 $ 451 $ 384 $ — $ — $ 1,541 $ 1,436 Principal balance outstanding (3) $ 69,018 $ 76,134 $ 12,590 $ 13,963 $ 4,180 $ 4,508 $ 187 $ 252 $ 90,222 $ 80,078 Consolidated VIEs Maximum loss exposure (2) $ 1,132 $ 1,164 $ — $ — $ — $ — $ 10 $ 12 $ — $ — On-balance sheet assets Trading account assets $ 1,132 $ 1,171 $ — $ — $ — $ — $ — $ — $ — $ — Loans and leases — — — — — — 22 31 — — Allowance for loan and lease losses — — — — — — 6 7 — — All other assets — — — — — — 1 1 — — Total assets $ 1,132 $ 1,171 $ — $ — $ — $ — $ 29 $ 39 $ — $ — Total liabilities $ — $ 7 $ — $ — $ — $ — $ 19 $ 27 $ — $ — (1) 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 12 – Commitments and Contingencies . (2) 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 12 – Commitments and Contingencies and Note 20 – Fair Value Measurements . (3) 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. 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 December 31, 2024 and 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 December 31, 2024 and 2023, the carrying values of the receivables in the trusts totaled $18.1 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 $8.0 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 $23.9 billion, $8.6 billion, and $21.8 billion of securities during 2024, 2023 and 2022, respectively. 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. Securities received from the resecuritization VIEs were recognized at their fair value of $3.6 billion, $2.4 billion and $2.4 billion during 2024, 2023 and 2022, respectively. In 2024, 2023 and 2022, substantially all of the securities were classified as trading account assets. 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 $1.1 billion and $952 million at December 31, 2024 and 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 December 31, 2024 and 2023. The weighted-average remaining life of bonds held in the trusts at December 31, 2024 was 11.1 years. There were no significant write-downs or downgrades of assets or issuers during 2024, 2023 and 2022. 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 $65 million and $80 million at December 31, 2024 and 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 December 31, 2024 and 2023, the Corporation’s consolidated investment VIEs had total assets of $6 million and $472 million. The Corporation also held investments in unconsolidated VIEs with total assets of $23.0 billion and $18.4 billion at December 31, 2024 and 2023. The Corporation’s maximum loss exposure associated with both consolidated and unconsolidated investment VIEs totaled $2.5 billion and $2.6 billion at December 31, 2024 and 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 $1.0 billion and $1.1 billion at December 31, 2024 and 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 December 31, 2024 and 2023. Other Asset-backed VIEs Credit Card and Automobile (1) Resecuritization Trusts and Customer VIEs Municipal Bond Trusts Investment VIEs and Leveraged Lease Trusts December 31 (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 Unconsolidated VIEs Maximum loss exposure $ — $ — $ 5,300 $ 4,494 $ 1,839 $ 1,787 $ 2,454 $ 2,197 On-balance sheet assets Securities (2) : Trading account assets $ — $ — $ 1,641 $ 626 $ 16 $ 23 $ 354 $ 469 Debt securities carried at fair value — — 809 920 — — — 4 Held-to-maturity securities — — 1,983 2,237 — — — — Loans and leases — — — — — — 70 90 Allowance for loan and lease losses — — — — — — (2) (12) All other assets — — 868 711 6 7 1,522 1,168 Total retained positions $ — $ — $ 5,301 $ 4,494 $ 22 $ 30 $ 1,944 $ 1,719 Total assets of VIEs $ — $ — $ 24,216 $ 15,862 $ 6,474 $ 9,279 $ 22,965 $ 18,398 Consolidated VIEs Maximum loss exposure $ 9,385 $ 8,127 $ 583 $ 1,240 $ 3,519 $ 3,136 $ 1,012 $ 1,596 On-balance sheet assets Trading account assets $ — $ — $ 1,002 $ 1,798 $ 3,436 $ 3,084 $ 5 $ 1 Debt securities carried at fair value — — — — 83 52 — — Loans and leases 18,110 16,640 — — — — 1,012 1,605 Allowance for loan and lease losses (924) (832) — — — — (1) (1) All other assets 195 163 39 38 — — 1 15 Total assets $ 17,381 $ 15,971 $ 1,041 $ 1,836 $ 3,519 $ 3,136 $ 1,017 $ 1,620 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ 3,329 $ 2,934 $ — $ 23 Long-term debt 7,975 7,825 458 596 — — 5 1 All other liabilities 21 19 — — — — — — Total liabilities $ 7,996 $ 7,844 $ 458 $ 596 $ 3,329 $ 2,934 $ 5 $ 24 (1) At December 31, 2024 and 2023 loans and leases in the consolidated credit card trust included $4.5 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 $85.7 billion and $84.1 billion as of December 31, 2024 and 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 $16.7 billion and $15.8 billion at December 31, 2024 and 2023, which included unfunded capital contributions of $7.5 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 2024, 2023 and 2022, the Corporation recognized tax credits and other tax benefits related to affordable housing equity investments of $2.2 billion, $1.9 billion and $1.5 billion, and reported pretax losses in other income The table below summarizes select information related to unconsolidated tax credit VIEs in which the Corporation held a variable interest at December 31, 2024 and 2023. Unconsolidated Tax Credit VIEs December 31 (Dollars in millions) 2024 2023 Maximum loss exposure $ 29,727 $ 30,040 On-balance sheet assets All other assets 29,727 30,040 Total $ 29,727 $ 30,040 On-balance sheet liabilities All other liabilities 7,599 7,254 Total $ 7,599 $ 7,254 Total assets of VIEs $ 85,654 $ 84,148

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 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 December 31, 2024 and 2023. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. Goodwill December 31 (Dollars in millions) 2024 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 During 2024, the Corporation completed its annual goodwill impairment test as of June 30, 2024 using a qualitative assessment for all applicable reporting units. 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 . Intangible Assets At both December 31, 2024 and 2023, the net carrying value of intangible assets was $2.0 billion. At both December 31, 2024 and 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 $78 million for 2024, 2023 and 2022.

Leases

Leases	12 Months Ended
	Dec. 31, 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 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 December 31, 2024 and 2023. Net Investment (1) December 31 (Dollars in millions) 2024 2023 Lease receivables $ 18,559 $ 16,565 Unguaranteed residuals 2,543 2,485 Total net investment in sales-type and direct $ 21,102 $ 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 $8.0 billion and $6.8 billion at December 31, 2024 and 2023. The table below presents lease income for 2024, 2023 and 2022. Lease Income (Dollars in millions) 2024 2023 2022 Sales-type and direct financing leases $ 1,082 $ 788 $ 589 Operating leases 931 945 941 Total lease income $ 2,013 $ 1,733 $ 1,530 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. Lease terms may contain renewal and extension options and early termination features. Generally, these options do not impact the lease term because the Corporation is not reasonably certain that it will exercise the options. The table below provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2024 and 2023. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2024 2023 Right-of-use assets $ 8,527 $ 9,150 Lease liabilities 9,135 9,782 Weighted-average discount rate 3.93 % 3.51 % Weighted-average lease term 8.0 8.2 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 603 $ 430 2024 2023 2022 Operating cash flows from operating leases (2) $ 1,972 $ 1,975 $ 1,986 Lease Cost and Supplemental Operating lease cost $ 1,971 $ 1,981 $ 2,008 Variable lease cost (3) 471 460 464 Total lease cost (4) $ 2,442 $ 2,441 $ 2,472 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income. Maturity Analysis The maturities of lessor and lessee arrangements outstanding at December 31, 2024 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2024 2025 $ 586 $ 5,183 $ 1,770 2026 491 5,645 1,596 2027 416 4,760 1,409 2028 333 1,967 1,142 2029 230 1,398 832 Thereafter 335 1,967 3,500 Total undiscounted cash flows $ 2,391 20,920 10,249 Less: Net present value adjustment 2,361 1,114 Total (3) $ 18,559 $ 9,135 (1) Excludes $845 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2025. (2) Includes $12.2 billion in commercial lease financing receivables and $6.4 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.
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 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 December 31, 2024 and 2023. Net Investment (1) December 31 (Dollars in millions) 2024 2023 Lease receivables $ 18,559 $ 16,565 Unguaranteed residuals 2,543 2,485 Total net investment in sales-type and direct $ 21,102 $ 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 $8.0 billion and $6.8 billion at December 31, 2024 and 2023. The table below presents lease income for 2024, 2023 and 2022. Lease Income (Dollars in millions) 2024 2023 2022 Sales-type and direct financing leases $ 1,082 $ 788 $ 589 Operating leases 931 945 941 Total lease income $ 2,013 $ 1,733 $ 1,530 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. Lease terms may contain renewal and extension options and early termination features. Generally, these options do not impact the lease term because the Corporation is not reasonably certain that it will exercise the options. The table below provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2024 and 2023. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2024 2023 Right-of-use assets $ 8,527 $ 9,150 Lease liabilities 9,135 9,782 Weighted-average discount rate 3.93 % 3.51 % Weighted-average lease term 8.0 8.2 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 603 $ 430 2024 2023 2022 Operating cash flows from operating leases (2) $ 1,972 $ 1,975 $ 1,986 Lease Cost and Supplemental Operating lease cost $ 1,971 $ 1,981 $ 2,008 Variable lease cost (3) 471 460 464 Total lease cost (4) $ 2,442 $ 2,441 $ 2,472 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income. Maturity Analysis The maturities of lessor and lessee arrangements outstanding at December 31, 2024 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2024 2025 $ 586 $ 5,183 $ 1,770 2026 491 5,645 1,596 2027 416 4,760 1,409 2028 333 1,967 1,142 2029 230 1,398 832 Thereafter 335 1,967 3,500 Total undiscounted cash flows $ 2,391 20,920 10,249 Less: Net present value adjustment 2,361 1,114 Total (3) $ 18,559 $ 9,135 (1) Excludes $845 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2025. (2) Includes $12.2 billion in commercial lease financing receivables and $6.4 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.
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 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 December 31, 2024 and 2023. Net Investment (1) December 31 (Dollars in millions) 2024 2023 Lease receivables $ 18,559 $ 16,565 Unguaranteed residuals 2,543 2,485 Total net investment in sales-type and direct $ 21,102 $ 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 $8.0 billion and $6.8 billion at December 31, 2024 and 2023. The table below presents lease income for 2024, 2023 and 2022. Lease Income (Dollars in millions) 2024 2023 2022 Sales-type and direct financing leases $ 1,082 $ 788 $ 589 Operating leases 931 945 941 Total lease income $ 2,013 $ 1,733 $ 1,530 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. Lease terms may contain renewal and extension options and early termination features. Generally, these options do not impact the lease term because the Corporation is not reasonably certain that it will exercise the options. The table below provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2024 and 2023. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2024 2023 Right-of-use assets $ 8,527 $ 9,150 Lease liabilities 9,135 9,782 Weighted-average discount rate 3.93 % 3.51 % Weighted-average lease term 8.0 8.2 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 603 $ 430 2024 2023 2022 Operating cash flows from operating leases (2) $ 1,972 $ 1,975 $ 1,986 Lease Cost and Supplemental Operating lease cost $ 1,971 $ 1,981 $ 2,008 Variable lease cost (3) 471 460 464 Total lease cost (4) $ 2,442 $ 2,441 $ 2,472 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income. Maturity Analysis The maturities of lessor and lessee arrangements outstanding at December 31, 2024 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2024 2025 $ 586 $ 5,183 $ 1,770 2026 491 5,645 1,596 2027 416 4,760 1,409 2028 333 1,967 1,142 2029 230 1,398 832 Thereafter 335 1,967 3,500 Total undiscounted cash flows $ 2,391 20,920 10,249 Less: Net present value adjustment 2,361 1,114 Total (3) $ 18,559 $ 9,135 (1) Excludes $845 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2025. (2) Includes $12.2 billion in commercial lease financing receivables and $6.4 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.
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 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 December 31, 2024 and 2023. Net Investment (1) December 31 (Dollars in millions) 2024 2023 Lease receivables $ 18,559 $ 16,565 Unguaranteed residuals 2,543 2,485 Total net investment in sales-type and direct $ 21,102 $ 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 $8.0 billion and $6.8 billion at December 31, 2024 and 2023. The table below presents lease income for 2024, 2023 and 2022. Lease Income (Dollars in millions) 2024 2023 2022 Sales-type and direct financing leases $ 1,082 $ 788 $ 589 Operating leases 931 945 941 Total lease income $ 2,013 $ 1,733 $ 1,530 Lessee Arrangements The Corporation's lessee arrangements predominantly consist of operating leases for premises and equipment; the Corporation's financing leases are not significant. Lease terms may contain renewal and extension options and early termination features. Generally, these options do not impact the lease term because the Corporation is not reasonably certain that it will exercise the options. The table below provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2024 and 2023. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2024 2023 Right-of-use assets $ 8,527 $ 9,150 Lease liabilities 9,135 9,782 Weighted-average discount rate 3.93 % 3.51 % Weighted-average lease term 8.0 8.2 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 603 $ 430 2024 2023 2022 Operating cash flows from operating leases (2) $ 1,972 $ 1,975 $ 1,986 Lease Cost and Supplemental Operating lease cost $ 1,971 $ 1,981 $ 2,008 Variable lease cost (3) 471 460 464 Total lease cost (4) $ 2,442 $ 2,441 $ 2,472 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income. Maturity Analysis The maturities of lessor and lessee arrangements outstanding at December 31, 2024 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2024 2025 $ 586 $ 5,183 $ 1,770 2026 491 5,645 1,596 2027 416 4,760 1,409 2028 333 1,967 1,142 2029 230 1,398 832 Thereafter 335 1,967 3,500 Total undiscounted cash flows $ 2,391 20,920 10,249 Less: Net present value adjustment 2,361 1,114 Total (3) $ 18,559 $ 9,135 (1) Excludes $845 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2025. (2) Includes $12.2 billion in commercial lease financing receivables and $6.4 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2024
Deposits [Abstract]
Deposits	Deposits The scheduled contractual maturities for total time deposits at December 31, 2024 are presented in the table below. Contractual Maturities of Total Time Deposits (Dollars in millions) U.S. Non-U.S. Total Due in 2025 $ 187,249 $ 9,891 $ 197,140 Due in 2026 11,464 47 11,511 Due in 2027 275 8 283 Due in 2028 93 28 121 Due in 2029 80 3,100 3,180 Thereafter 123 8 131 Total time deposits $ 199,284 $ 13,082 $ 212,366 At December 31, 2024 and 2023, the Corporation had aggregate U.S. time deposits of $138.1 billion and $105.0 billion and non-U.S. time deposits of $13.0 billion and $12.6 billion in denominations that met or exceeded insurance limits.

Securities Financing Agreements

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash	12 Months Ended
	Dec. 31, 2024
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash [Abstract]
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash	Securities Financing Agreements, Short-term Borrowings, 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 21 – Fair Value Option . Offsetting of Securities Financing Agreements Substantially all of the Corporation’s securities financing activities are transacted under legally enforceable master repurchase agreements or legally enforceable master securities lending agreements that give the Corporation, in the event of default by the counterparty, the right to liquidate securities held and to offset receivables and payables with the same counterparty. The Corporation offsets securities financing transactions with the same counterparty on the Consolidated Balance Sheet where it has such a legally enforceable master netting agreement and the transactions have the same maturity date. 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 December 31, 2024 and 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. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) December 31, 2024 Securities borrowed or purchased under agreements to resell (3) $ 758,071 $ (483,362) $ 274,709 $ (250,040) $ 24,669 Securities loaned or sold under agreements to repurchase $ 815,120 $ (483,362) $ 331,758 $ (317,974) $ 13,784 Other (4) 10,531 — 10,531 (10,531) — Total $ 825,651 $ (483,362) $ 342,289 $ (328,505) $ 13,784 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 $12.3 billion and $8.7 billion reported in loans and leases on the Consolidated Balance Sheet for December 31, 2024 and 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. 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) December 31, 2024 Securities sold under agreements to repurchase $ 305,577 $ 252,526 $ 87,978 $ 70,148 $ 716,229 Securities loaned 88,256 364 842 9,429 98,891 Other 10,531 — — — 10,531 Total $ 404,364 $ 252,890 $ 88,820 $ 79,577 $ 825,651 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) December 31, 2024 U.S. government and agency securities $ 416,241 $ 130 $ 10 $ 416,381 Corporate securities, trading loans and other 29,483 1,517 3 31,003 Equity securities 30,106 97,240 10,518 137,864 Non-U.S. sovereign debt 232,521 4 — 232,525 Mortgage trading loans and ABS 7,878 — — 7,878 Total $ 716,229 $ 98,891 $ 10,531 $ 825,651 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 Under repurchase agreements, the Corporation is required to post collateral with a market value equal to or in excess of the principal amount borrowed. For securities loaned transactions, the Corporation receives collateral in the form of cash, letters of credit or other securities. To determine whether the market value of the underlying collateral remains sufficient, collateral is generally valued daily, and the Corporation may be required to deposit additional collateral or may receive or return collateral pledged when appropriate. Repurchase agreements and securities loaned transactions are generally either overnight, continuous (i.e., no stated term) or short-term. The Corporation manages liquidity risks related to these agreements by sourcing funding from a diverse group of counterparties, providing a range of securities collateral and pursuing longer durations, when appropriate. Short-term Borrowings The Corporation classifies borrowings with an original maturity of less than one year as short-term borrowings on the Consolidated Balance Sheet. At December 31, 2024 and 2023, the majority of short-term borrowings consisted of Federal Home Loan Bank advances, which totaled $12.7 billion and $13.2 billion, and commercial paper, which totaled $24.2 billion and $13.1 billion. Collateral The Corporation accepts securities and loans as collateral that it is permitted by contract or practice to sell or repledge. At December 31, 2024 and 2023, the fair value of this collateral was $925.7 billion and $911.3 billion, of which $882.2 billion and $870.9 billion were sold or repledged. The primary source of this collateral is securities borrowed or purchased under agreements to resell. The Corporation also pledges company-owned securities and loans as collateral in transactions that include repurchase agreements, securities loaned, public and trust deposits, U.S. Treasury tax and loan notes, and short-term borrowings. This collateral, which in some cases can be sold or repledged by the counterparties to the transactions, is parenthetically disclosed on the Consolidated Balance Sheet. In certain cases, the Corporation has transferred assets to consolidated VIEs where those restricted assets serve as collateral for the interests issued by the VIEs. These assets are included on the Consolidated Balance Sheet in Assets of Consolidated VIEs. In addition, the Corporation obtains collateral in connection with its derivative contracts. Required collateral levels vary depending on the credit risk rating and the type of counterparty. Generally, the Corporation accepts collateral in the form of cash, U.S. Treasury securities and other marketable securities. Based on provisions contained in master netting agreements, the Corporation nets cash collateral received against derivative assets. The Corporation also pledges collateral on its own derivative positions which can be applied against derivative liabilities. For more information on the collateral of derivatives, see Note 3 – Derivatives. Restricted Cash At December 31, 2024 and 2023, the Corporation held restricted cash included within cash and cash equivalents on the Consolidated Balance Sheet of $6.1 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.

Long-term Debt

Long-term Debt	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consists of borrowings having an original maturity of one year or more. The table below presents the balance of long-term debt at December 31, 2024 and 2023, and the related contractual rates and maturity dates as of December 31, 2024. Weighted-average Rate December 31 (Dollars in millions) Interest Rates Maturity Dates 2024 2023 Notes issued by Bank of America Corporation (1) Senior notes: Fixed 3.45 % 0.25 - 8.05 % 2025 - 2052 $ 171,603 $ 194,388 Floating 4.71 0.74 - 9.62 2026 - 2074 8,736 14,007 Senior structured notes 17,498 14,895 Subordinated notes: Fixed 5.12 2.94 - 8.13 2025 - 2045 23,539 20,909 Floating 3.44 2.48 - 5.41 2026 - 2037 4,549 4,597 Junior subordinated notes: Fixed 6.71 6.45 - 8.05 2027 - 2066 749 744 Floating 5.65 5.65 2056 1 1 Total notes issued by Bank of America Corporation 226,675 249,541 Notes issued by Bank of America, N.A. Senior notes: Fixed 5.55 5.27 - 5.82 2025 - 2028 5,611 5,076 Floating 4.99 4.82 - 5.59 2025 - 2028 5,851 3,517 Subordinated notes 6.00 6.00 2036 1,401 1,476 Advances from Federal Home Loan Banks: Fixed 4.55 0.01 - 7.42 2025 - 2034 1,015 5,826 Floating 4.64 4.63 - 4.64 2025 400 — Securitizations and other BANA VIEs (2) 8,048 7,892 Other 495 782 Total notes issued by Bank of America, N.A. 22,821 24,569 Other debt Structured liabilities (3) 33,374 27,471 Nonbank VIEs (2) 409 564 Other — 59 Total notes issued by nonbank and other entities 33,783 28,094 Total long-term debt $ 283,279 $ 302,204 (1) Includes total loss-absorbing capacity compliant debt. (2) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet. Long-term debt of VIEs is collateralized by the assets of the VIEs. At December 31, 2024, amount includes debt predominantly from credit card and automobile securitizations of $8.0 billion and other VIEs of $458 million. For more information, see Note 6 – Securitizations and Other Variable Interest Entities. (3) Includes debt outstanding of $11.7 billion and $10.0 billion at December 31, 2024 and 2023 that was issued by BofA Finance LLC, a consolidated finance subsidiary of Bank of America Corporation, the parent company, and is fully and unconditionally guaranteed by the parent company. During 2024, the Corporation issued $54.8 billion of long-term debt consisting of $17.8 billion of notes issued by Bank of America Corporation, $15.6 billion of notes issued by Bank of America, N.A. and $21.4 billion of other debt. During 2023, the Corporation issued $62.0 billion of long-term debt consisting of $24.0 billion of notes issued by Bank of America Corporation, $25.1 billion of notes issued by Bank of America, N.A. and $12.9 billion of other debt. During 2024, the Corporation had total long-term debt maturities and redemptions in the aggregate of $66.6 billion consisting of $36.4 billion for Bank of America Corporation, $16.8 billion for Bank of America, N.A. and $13.4 billion of other debt. During 2023, the Corporation had total long-term debt maturities and redemptions in the aggregate of $42.7 billion consisting of $25.3 billion for Bank of America Corporation, $10.5 billion for Bank of America, N.A. and $6.9 billion of other debt. Bank of America Corporation and Bank of America, N.A. maintain various U.S. and non-U.S. debt programs to offer both senior and subordinated notes. The notes may be denominated in U.S. dollars or foreign currencies. At December 31, 2024 and 2023, the amount of foreign currency-denominated debt translated into U.S. dollars included in total long-term debt was $43.8 billion and $49.8 billion. Foreign currency contracts may be used to convert certain foreign currency-denominated debt into U.S. dollars. The weighted-average effective interest rates for total long-term debt (excluding senior structured notes), total fixed-rate debt and total floating-rate debt were 3.80 percent, 3.71 percent and 4.45 percent, respectively, at December 31, 2024, and 3.70 percent, 3.55 percent and 5.21 percent, respectively, at December 31, 2023. The Corporation’s ALM activities maintain an overall interest rate risk management strategy that incorporates the use of interest rate contracts to manage fluctuations in earnings caused by interest rate volatility. The Corporation’s goal is to manage interest rate sensitivity so that movements in interest rates do not have a significantly adverse effect on earnings and capital. The weighted-average rates are the contractual interest rates on the debt and do not reflect the impacts of derivative transactions. The following table shows the carrying value for aggregate annual contractual maturities of long-term debt as of December 31, 2024. Included in the table are certain structured notes issued by the Corporation that contain provisions whereby the borrowings are redeemable at the option of the holder (put options) at specified dates prior to maturity. Other structured notes have coupon or repayment terms linked to the performance of debt or equity securities, indices, currencies or commodities, and the maturity may be accelerated based on the value of a referenced index or security. In both cases, the Corporation or a subsidiary may be required to settle the obligation for cash or other securities prior to the contractual maturity date. These borrowings are reflected in the table as maturing at their contractual maturity date. Long-term Debt by Maturity (Dollars in millions) 2025 2026 2027 2028 2029 Thereafter Total Bank of America Corporation Senior notes $ 3,460 $ 24,830 $ 21,580 $ 27,741 $ 18,498 $ 84,230 $ 180,339 Senior structured notes 1,503 1,512 990 466 1,401 11,626 17,498 Subordinated notes 5,165 4,889 2,074 907 — 15,053 28,088 Junior subordinated notes — — 193 — — 557 750 Total Bank of America Corporation 10,128 31,231 24,837 29,114 19,899 111,466 226,675 Bank of America, N.A. Senior notes 5,601 5,240 — 621 — — 11,462 Subordinated notes — — — — — 1,401 1,401 Advances from Federal Home Loan Banks 1,357 8 3 8 2 37 1,415 Securitizations and other Bank VIEs (1) 2,249 3,041 1,249 1,235 132 142 8,048 Other 180 201 10 13 89 2 495 Total Bank of America, N.A. 9,387 8,490 1,262 1,877 223 1,582 22,821 Other debt Structured Liabilities 6,152 5,779 4,397 1,895 3,309 11,842 33,374 Nonbank VIEs (1) — — — 3 16 390 409 Other — — — — — — — Total other debt 6,152 5,779 4,397 1,898 3,325 12,232 33,783 Total long-term debt $ 25,667 $ 45,500 $ 30,496 $ 32,889 $ 23,447 $ 125,280 $ 283,279 (1) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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. Credit Extension Commitments The Corporation enters into commitments to extend credit such as loan commitments, 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 $10.4 billion and $10.3 billion at December 31, 2024 and 2023. The carrying value of the Corporation’s credit extension commitments at December 31, 2024 and 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 $2.2 billion and $2.6 billion at December 31, 2024 and 2023 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $144 million and $67 million at December 31, 2024 and 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 21 – Fair Value Option. Credit Extension Commitments Expire in One Expire After One Expire After Three Years Through Expire After Total (Dollars in millions) December 31, 2024 Notional amount of credit extension commitments Loan commitments (1) $ 123,520 $ 227,539 $ 191,469 $ 19,011 $ 561,539 Home equity lines of credit 3,518 10,570 8,920 21,272 44,280 Standby letters of credit and financial guarantees (2) 25,080 8,006 2,589 370 36,045 Letters of credit 781 142 8 19 950 Other commitments (3) 5 52 88 1,028 1,173 Legally binding commitments 152,904 246,309 203,074 41,700 643,987 Credit card lines (4) 456,185 — — — 456,185 Total credit extension commitments $ 609,089 $ 246,309 $ 203,074 $ 41,700 $ 1,100,172 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 December 31, 2024 and 2023, $4.4 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 $25.0 billion and $10.1 billion at December 31, 2024, and $23.6 billion and $9.7 billion at December 31, 2023. Amounts in the table include consumer SBLCs of $1.0 billion and $744 million at December 31, 2024 and 2023. (3) Primarily includes second-loss positions on lease-end residual value guarantees. (4) Includes business card unused lines of credit. Other Commitments At December 31, 2024 and 2023, the Corporation had commitments to purchase loans (e.g., residential mortgage and commercial real estate) of $242 million and $822 million, which upon settlement will be included in trading account assets, loans or LHFS, and commitments to purchase commercial loans of $768 million and $420 million, which upon settlement will be included in trading account assets. At December 31, 2024 and 2023, the Corporation had commitments to enter into resale and forward-dated resale and securities borrowing agreements of $109.8 billion and $117.0 billion, and commitments to enter into forward-dated repurchase and securities lending agreements of $87.1 billion and $63.0 billion. A significant portion of these commitments will expire within the next 12 months. At both December 31, 2024 and 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 December 31, 2024 and 2023, the Corporation had unfunded equity investment commitments of $787 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 December 31, 2024 and 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 December 31, 2024 and 2023, the notional amount of these guarantees totaled $3.3 billion and $3.8 billion. At December 31, 2024 and 2023, the Corporation’s maximum exposure related to these guarantees totaled $506 million and $577 million, with estimated maturity dates between 2034 and 2037. Indemnifications In the ordinary course of business, the Corporation enters into various agreements that contain indemnifications, such as tax indemnifications, whereupon payment may become due if certain external events occur, such as a change in tax law. The indemnification clauses are often standard contractual terms and were entered into in the normal course of business based on an assessment that the risk of loss would be remote. These agreements typically contain an early termination clause that permits the Corporation to exit the agreement upon these events. The maximum potential future payment under indemnification agreements is difficult to assess for several reasons, including the occurrence of an external event, the inability to predict future changes in tax and other laws, the difficulty in determining how such laws would apply to parties in contracts, the absence of exposure limits contained in standard contract language and the timing of any early termination clauses. Historically, any payments made under these guarantees have been de minimis. The Corporation has assessed the probability of making such payments in the future as remote. 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 $197 billion, is an estimate of the Corporation’s maximum potential exposure as of December 31, 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. Exchange and Clearing House Member Guarantees The Corporation is a member of various securities and derivative exchanges and clearinghouses, both in the U.S. and other countries. As a member, the Corporation may be required to pay a pro-rata share of the losses incurred by some of these organizations as a result of another member default and under other loss scenarios. The Corporation’s potential obligations may be limited to its membership interests in such exchanges and clearinghouses, to the amount (or multiple) of the Corporation’s contribution to the guarantee fund or, in limited instances, to the full pro-rata share of the residual losses after applying the guarantee fund. The Corporation’s maximum potential exposure under these membership agreements is difficult to estimate; however, the Corporation has assessed the probability of making any such payments as remote. Prime Brokerage and Securities Clearing Services In connection with its prime brokerage and clearing businesses, the Corporation performs securities clearance and settlement services with other brokerage firms and clearinghouses on behalf of its clients. Under these arrangements, the Corporation stands ready to meet the obligations of its clients with respect to securities transactions. The Corporation’s obligations in this respect are secured by the assets in the clients’ accounts and the accounts of their customers as well as by any proceeds received from the transactions cleared and settled by the Corporation on behalf of clients or their customers. The Corporation’s maximum potential exposure under these arrangements is difficult to estimate; however, the potential for the Corporation to incur material losses pursuant to these arrangements is remote. 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 $191.9 billion and $132.5 billion at December 31, 2024 and 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. Representations and Warranties Obligations and Corporate Guarantees The Corporation securitizes first-lien residential mortgage loans generally in the form of RMBS guaranteed by the GSEs or by GNMA in the case of FHA-insured, VA-guaranteed and Rural Housing Service-guaranteed mortgage loans, and sells pools of first-lien residential mortgage loans in the form of whole loans. In addition, in prior years, legacy companies and certain subsidiaries sold pools of first-lien residential mortgage loans and home equity loans as private-label securitizations or in the form of whole loans. In connection with these transactions, the Corporation or certain of its subsidiaries or legacy companies make and have made various representations and warranties. Breaches of these representations and warranties have resulted in and may continue to result in the requirement to repurchase mortgage loans or to otherwise make whole or provide indemnification or other remedies to sponsors, investors, securitization trusts, guarantors, insurers or other parties (collectively, repurchases). Unresolved Repurchase Claims Unresolved representations and warranties repurchase claims represent the notional amount of repurchase claims made by counterparties, typically the outstanding principal balance or the unpaid principal balance at the time of default. In the case of first-lien mortgages, the claim amount is often significantly greater than the expected loss amount due to the benefit of collateral and, in some cases, mortgage insurance or mortgage guarantee payments. The notional amount of unresolved repurchase claims at December 31, 2024 and 2023 was $2.1 billion and $5.4 billion. These balances included $837 million and $2.2 billion at December 31, 2024 and 2023 of claims related to loans in specific private-label securitization groups or tranches where the Corporation owns substantially all of the outstanding securities or will otherwise realize the benefit of any repurchase claims paid. During 2024, the Corporation received $181 million in new repurchase claims that were not time-barred. During 2024, $3.5 billion in claims were resolved. Reserve and Related Provision The reserve for representations and warranties obligations and corporate guarantees was $184 million and $604 million at December 31, 2024 and 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 probable incurred losses, is based on its experience in previous negotiations, and is subject to judgment, a variety of assumptions and known or unknown uncertainties. At December 31, 2024, the estimated range of possible loss in excess of the accrued representations and warranties reserve was not significant. 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. 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 December 31, 2024 and 2023, the Corporation’s accrual for its estimated share of the FDIC special assessment was $1.7 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 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 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 $266 million, $519 million and $1.2 billion was recognized in 2024, 2023 and 2022, respectively. For any matter disclosed in this Note 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), the Corporation’s estimated range of possible loss is $0 to $0.8 billion in excess of the accrued liability, if any, as of December 31, 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 regarding the nature of the litigation or other contingency 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 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. Bank Secrecy Act/Anti-Money Laundering and Economic Sanctions Compliance BANA agreed to a Consent Order announced by the Office of the Comptroller of the Currency (OCC) on December 23, 2024, and the Corporation continues to respond to requests for information from other regulators, relating to certain aspects of its BSA/AML and Economic Sanctions Compliance Programs (Programs). Since late 2023, the Corporation has been working with regulators to make changes to its Programs and has already completed significant steps to satisfy requirements of the Consent Order. The Corporation does not believe that these issues relating to the Programs will have a material adverse financial impact on the Corporation. CFPB Lawsuit Related to Processing Electronic Payments On December 20, 2024, the Consumer Financial Protection Bureau (CFPB) filed suit against BANA, JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., and Early Warning Services, LLC in the U.S. District Court for the District of Arizona with respect to BANA’s and co-defendants’ processing of electronic payments of funds through the Zelle network. The CFPB alleges that BANA and its co-defendants violated the Consumer Financial Protection Act by not adequately protecting consumers from fraud on the Zelle network and the Electronic Fund Transfer Act by not reasonably investigating and reimbursing disputed Zelle transfers, and seeks both monetary and injunctive relief. Deposit Insurance Assessment In 2017, the FDIC filed suit against BANA in the U.S. District Court for the District of Columbia (District Court) alleging that BANA underpaid assessments to the DIF in the 2012-2014 time frame in the amount of $1.12 billion and asserting claims under the Federal Deposit Insurance Act and for unjust enrichment. The FDIC Enforcement Section is also conducting a parallel investigation related to the same alleged underpayments. BANA disputes the FDIC’s claims and has asserted counterclaims challenging the FDIC’s regulations under the Administrative Procedure Act. Pending final resolution, BANA has pledged security satisfactory to the FDIC related to the disputed additional assessment amounts. 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. The parties subsequently filed their new summary judgment motions, which are pending. LIBOR Beginning in 2011, several individual and putative class actions were filed against the Corporation, BANA, and certain Merrill Lynch entities, as well as other banks on the U.S. Dollar LIBOR panel. These actions alleged that defendants manipulated LIBOR during the financial crisis and asserted a variety of claims, including federal and state antitrust, Commodity Exchange Act, Racketeer Influenced and Corrupt Organizations Act, Securities Exchange Act of 1934, common law fraud, and breach of contract claims and sought compensatory, treble and punitive damages, and injunctive relief. All remaining cases are pending in the U.S. District Court for the Southern District of New York. Defendants’ motion for summary judgment is pending on all remaining claims, brought by individual plaintiffs and one class of plaintiffs who purchased over-the-counter instruments incorporating LIBOR. Unemployment Insurance Prepaid Cards Beginning in January 2021, BANA was named as a defendant in putative class action and mass action lawsuits related to its administration of prepaid debit cards to distribute unemployment and other state benefits for the State of California, which was the largest program administered by BANA as measured by total benefits and number of participants. These lawsuits have been consolidated into a multidistrict litigation in the U.S. District Court for the Southern District of California where plaintiffs assert claims for violations of the Electronic Fund Transfer Act, state statutory and common law claims and due process, and seek monetary damages and injunctive relief based on allegations that BANA failed to properly investigate and remediate cardholder claims of fraudulent transactions and to prevent fraud, among other allegations.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 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 January 29, 2025 March 7, 2025 March 28, 2025 $ 0.26 October 16, 2024 December 6, 2024 December 27, 2024 0.26 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 February 25, 2025. The cash dividends paid per share of common stock were $1.00, $0.92 and $0.86 for 2024, 2023 and 2022, respectively. The table below summarizes common stock repurchases during 2024, 2023 and 2022. Common Stock Repurchase Summary (in millions) 2024 2023 2022 Total share repurchases, including CCAR capital plan repurchases 332 147 126 Purchase price of shares repurchased and retired (1) $ 13,104 $ 4,576 $ 5,073 (1) Consists of repurchases pursuant to the Corporation’s CCAR capital plans. During 2024, in connection with employee stock plans, the Corporation issued 75 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 28 million shares of common stock. At December 31, 2024, the Corporation had reserved 552 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock. Preferred Stock The cash dividends declared on preferred stock were $1.6 billion in 2024, 2023 and 2022. During 2024, the Corporation fully redeemed Series X, Series U, Series JJ and Series Z stock at their liquidation preference values for a total of $5.3 billion. All series of preferred stock in the Preferred Stock Summary table have a par value of $0.01 per share, are not subject to the operation of a sinking fund, have no participation rights, and with the exception of the Series L Preferred Stock, are not convertible. The holders of the Series B Preferred Stock and Series 1 through 5 Preferred Stock have general voting rights and vote together with the common stock. The holders of the other series included in the table have no general voting rights. All outstanding series of preferred stock of the Corporation have preference over the Corporation’s common stock with respect to the payment of dividends and distribution of the Corporation’s assets in the event of a liquidation or dissolution. With the exception of the Series B, F and G Preferred Stock, if any dividend payable on these series is in arrears for three or more semi-annual or six or more quarterly dividend periods, as applicable (whether consecutive or not), the holders of these series and any other class or series of preferred stock ranking equally as to payment of dividends and upon which equivalent voting rights have been conferred and are exercisable (voting as a single class) will be entitled to vote for the election of two additional directors. These voting rights terminate when the Corporation has paid in full dividends on these series for at least two semi-annual or four quarterly dividend periods, as applicable, following the dividend arrearage. The 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (Series L Preferred Stock) does not have early redemption/call rights. Each share of the Series L Preferred Stock may be converted at any time, at the option of the holder, into 20 shares of the Corporation’s common stock plus cash in lieu of fractional shares. The Corporation may cause some or all of the Series L Preferred Stock, at its option, at any time or from time to time, to be converted into shares of common stock at the then-applicable conversion rate if, for 20 trading days during any period of 30 consecutive trading days, the closing price of common stock exceeds 130 percent of the then-applicable conversion price of the Series L Preferred Stock. If a conversion of Series L Preferred Stock occurs at the option of the holder, subsequent to a dividend record date but prior to the dividend payment date, the Corporation will still pay any accrued dividends payable. The following table presents a summary of perpetual preferred stock outstanding at December 31, 2024. Preferred Stock Summary (Dollars in millions, except as noted) Series Description Initial Total Liquidation Carrying Per Annum Dividend per Share (in dollars) (1) Annual Dividend Redemption Period (2) Series B 7.000% Cumulative Redeemable June 7,065 $ 100 $ 1 7.00 % $ 7 $ — n/a Series E (3) Floating Rate Non-Cumulative November 12,317 25,000 308 3-mo. CME Term SOFR + 61.161 bps (4)(5) 1.50 18 On or after Series F Floating Rate Non-Cumulative March 1,409 100,000 141 3-mo. CME Term SOFR + 66.161 bps (4)(5) 6,010.54 8 On or after Series G Adjustable Rate Non-Cumulative March 4,925 100,000 492 3-mo. CME Term SOFR + 66.161 bps (4)(5) 6,010.54 30 On or after Series L 7.25% Non-Cumulative Perpetual Convertible January 3,080,182 1,000 3,080 7.25 % 72.50 223 n/a Series AA (6) Fixed-to-Floating Rate Non-Cumulative March 76,000 25,000 1,900 6.100% to, but excluding, 3/17/25; 3-mo. CME Term SOFR + 415.961 bps thereafter (5) 61.00 116 On or after Series DD (6) Fixed-to-Floating Rate Non-Cumulative March 40,000 25,000 1,000 6.300% to, but excluding, 3/10/26; 3-mo. CME Term SOFR + 481.461 bps thereafter (5) 63.00 63 On or after Series FF (6) Fixed-to-Floating Rate Non-Cumulative March 90,833 25,000 2,271 5.875% to, but excluding, 3/15/28; 3-mo. CME Term SOFR + 319.261 bps thereafter (5) 58.75 133 On or after Series GG (3) 6.000% Non-Cumulative May 54,000 25,000 1,350 6.000 % 1.50 81 On or after Series HH (3) 5.875% Non-Cumulative July 34,049 25,000 851 5.875 % 1.47 50 On or after Series KK (3) 5.375% Non-Cumulative June 55,273 25,000 1,382 5.375 % 1.34 74 On or after Series LL (3) 5.000% Non-Cumulative September 52,045 25,000 1,301 5.000 % 1.25 65 On or after Series MM (6) Fixed-to-Floating Rate Non-Cumulative January 30,753 25,000 769 4.300% to, but excluding, 1/28/25; 3-mo. CME Term SOFR + 292.561 bps thereafter (5) 43.00 33 On or after Series NN (3) 4.375% Non-Cumulative October 42,993 25,000 1,075 4.375 % 1.09 47 On or after Series PP (3) 4.125% Non-Cumulative January 2021 36,500 25,000 912 4.125 % 1.03 38 On or after Series QQ (3) 4.250% Non-Cumulative October 2021 51,879 25,000 1,297 4.250 % 1.06 55 On or after Series RR (7) 4.375% Fixed-Rate Reset Non-Cumulative January 2022 66,738 25,000 1,668 4.375% to, but excluding 1/27/27; 5-yr U.S. Treasury Rate + 276 bps thereafter 43.75 73 On or after Series SS (3) 4.750% Non-Cumulative January 2022 27,463 25,000 687 4.750 % 1.19 33 On or after Series TT (7) 6.125% Fixed-Rate Reset Non-Cumulative April 2022 80,000 25,000 2,000 6.125% to, but excluding, 4/27/27; 5-yr U.S. Treasury Rate + 323.1 bps thereafter 61.25 122 On or after Series 1 (8) Floating Rate Non-Cumulative November 3,185 30,000 96 3-mo. CME Term SOFR + 101.161 bps (5)(9) 1.57 6 On or after Series 2 (8) Floating Rate Non-Cumulative March 9,967 30,000 299 3-mo. CME Term SOFR + 91.161 bps (5)(9) 1.57 19 On or after Series 4 (8) Floating Rate Non-Cumulative November 7,010 30,000 210 3-mo. CME Term SOFR + 101.161 bps (4)(5) 1.60 13 On or after Series 5 (8) Floating Rate Non-Cumulative March 13,331 30,000 400 3-mo. CME Term SOFR + 76.161 bps (4)(5) 1.54 25 On or after Issuance costs and certain adjustments (331) Total 3,877,917 $ 23,159 (1) For all series of preferred stock other than Series B, Series F, Series G and Series L, “Dividend per Share” means the amount of dividends per depositary share of such series. (2) The Corporation may redeem series of preferred stock on or after the redemption date, in whole or in part, at its option, at the liquidation preference plus declared and unpaid dividends. Series B and Series L Preferred Stock do not have early redemption/call rights. (3) Ownership is held in the form of depositary shares, each representing a 1/1,000th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (4) Subject to 4.00% minimum rate per annum. (5) The number of basis points to be added to 3-mo. Term SOFR is equal to the original basis point spread applicable to floating rate periods when the preferred stock was originally issued, plus a tenor spread adjustment of 26.161 bps relating to the transition from 3-mo. LIBOR to 3-mo. Term SOFR. (6) Ownership is held in the form of depositary shares, each representing a 1/25th interest in a share of preferred stock, paying a semi-annual cash dividend, if and when declared, until the first redemption date at which time, it adjusts to a quarterly cash dividend, if and when declared, thereafter. (7) Ownership is held in the form of depositary shares, each representing a 1/25th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (8) Ownership is held in the form of depositary shares, each representing a 1/1,200th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (9) Subject to 3.00% minimum rate per annum. n/a = not applicable

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 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 2024, 2023 and 2022. (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2021 $ 3,045 $ (1,636) $ (1,880) $ (3,642) $ (991) $ (5,104) Net change (6,028) 755 (10,055) (667) (57) (16,052) Balance, December 31, 2022 $ (2,983) $ (881) $ (11,935) $ (4,309) $ (1,048) $ (21,156) Net change 573 (686) 3,919 (439) 1 3,368 Balance, December 31, 2023 $ (2,410) $ (1,567) $ (8,016) $ (4,748) $ (1,047) $ (17,788) Net change 158 (127) 2,428 131 (87) 2,503 Balance, December 31, 2024 $ (2,252) $ (1,694) $ (5,588) $ (4,617) $ (1,134) $ (15,285) The table below 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 2024, 2023 and 2022. Pretax Tax After- Pretax Tax After- Pretax Tax effect After- (Dollars in millions) 2024 2023 2022 Debt securities: Net increase (decrease) in fair value $ 185 $ (49) $ 136 $ 348 $ (79) $ 269 $ (7,995) $ 1,991 $ (6,004) Net realized (gains) losses reclassified into earnings (1) 29 (7) 22 405 (101) 304 (32) 8 (24) Net change 214 (56) 158 753 (180) 573 (8,027) 1,999 (6,028) Debit valuation adjustments: Net increase (decrease) in fair value (180) 45 (135) (917) 223 (694) 980 (237) 743 Net realized (gains) losses reclassified into earnings (1) 12 (4) 8 11 (3) 8 16 (4) 12 Net change (168) 41 (127) (906) 220 (686) 996 (241) 755 Derivatives: Net increase (decrease) in fair value 433 (107) 326 2,064 (514) 1,550 (13,711) 3,430 (10,281) Reclassifications into earnings: Net interest income 2,692 (674) 2,018 1,153 (288) 865 332 (84) 248 Market making and similar activities 146 (35) 111 2,031 (508) 1,523 — — — Compensation and benefits expense (35) 8 (27) (25) 6 (19) (29) 7 (22) Net realized (gains) losses reclassified into earnings 2,803 (701) 2,102 3,159 (790) 2,369 303 (77) 226 Net change 3,236 (808) 2,428 5,223 (1,304) 3,919 (13,408) 3,353 (10,055) Employee benefit plans: Net increase (decrease) in fair value 29 (8) 21 (642) 162 (480) (1,103) 276 (827) Net actuarial losses and other reclassified into earnings (2) 148 (37) 111 56 (16) 40 198 (49) 149 Settlements, curtailments and other (1) — (1) 1 — 1 11 — 11 Net change 176 (45) 131 (585) 146 (439) (894) 227 (667) Foreign currency: Net increase (decrease) in fair value 521 (615) (94) (177) 192 15 332 (390) (58) Net realized (gains) losses reclassified into earnings (1) 41 (34) 7 (48) 34 (14) — 1 1 Net change 562 (649) (87) (225) 226 1 332 (389) (57) Total other comprehensive income (loss) $ 4,020 $ (1,517) $ 2,503 $ 4,260 $ (892) $ 3,368 $ (21,001) $ 4,949 $ (16,052) (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	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The calculation of EPS and diluted EPS for 2024, 2023 and 2022 is presented below. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles. (In millions, except per share information) 2024 2023 2022 Earnings per common share Net income $ 27,132 $ 26,515 $ 27,528 Preferred stock dividends (1,629) (1,649) (1,513) Net income applicable to common shareholders $ 25,503 $ 24,866 $ 26,015 Average common shares issued and outstanding 7,855.5 8,028.6 8,113.7 Earnings per common share $ 3.25 $ 3.10 $ 3.21 Diluted earnings per common share Net income applicable to common shareholders $ 25,503 $ 24,866 $ 26,015 Average common shares issued and outstanding 7,855.5 8,028.6 8,113.7 Dilutive potential common shares (1) 80.3 51.9 53.8 Total diluted average common shares issued and outstanding 7,935.8 8,080.5 8,167.5 Diluted earnings per common share $ 3.21 $ 3.08 $ 3.19 (1) Includes incremental dilutive shares from preferred stock, restricted stock units, restricted stock and warrants.

Regulatory Requirements and Res

Regulatory Requirements and Restrictions	12 Months Ended
	Dec. 31, 2024
Banking and Thrift, Interest [Abstract]
Regulatory Requirements and Restrictions	Regulatory Requirements and Restrictions The Federal Reserve, OCC and FDIC (collectively, U.S. banking regulators) jointly establish regulatory capital adequacy rules, including Basel 3, for U.S. banking organizations. As a financial holding company, the Corporation is subject to capital adequacy rules issued by the Federal Reserve. The Corporation’s banking entity affiliates are subject to capital adequacy rules issued by the OCC. The Corporation and its primary banking entity affiliate, BANA, are Advanced approaches institutions under Basel 3. As Advanced approaches institutions, the Corporation and its banking entity affiliates are required to report regulatory risk-based capital ratios and risk-weighted assets under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy, including under the Prompt Corrective Action (PCA) framework. The Corporation is required to maintain a minimum supplementary leverage ratio (SLR) of 3.0 percent plus a leverage buffer of 2.0 percent in order to avoid certain restrictions on capital distributions and discretionary bonus payments to executive officers. The Corporation’s insured depository institution subsidiaries are required to maintain a minimum 6.0 percent SLR to be considered well capitalized under the PCA framework. The following table presents capital ratios and related information in accordance with Basel 3 Standardized and Advanced approaches as measured at December 31, 2024 and 2023 for the Corporation and BANA. Regulatory Capital under Basel 3 Bank of America Corporation Bank of America, N.A. Standardized Approach (1) Advanced Approaches (1) Regulatory Minimum (2) Standardized Approach (1) Advanced Approaches (1) Regulatory Minimum (3) (Dollars in millions, except as noted) December 31, 2024 Risk-based capital metrics: Common equity tier 1 capital $ 201,083 $ 201,083 $ 194,341 $ 194,341 Tier 1 capital 223,458 223,458 194,341 194,341 Total capital (4) 255,363 244,809 209,256 198,923 Risk-weighted assets (in billions) 1,696 1,490 1,444 1,151 Common equity tier 1 capital ratio 11.9 % 13.5 % 10.7 % 13.5 % 16.9 % 7.0 % Tier 1 capital ratio 13.2 15.0 12.2 13.5 16.9 8.5 Total capital ratio 15.1 16.4 14.2 14.5 17.3 10.5 Leverage-based metrics: Adjusted quarterly average assets (in billions) (5) $ 3,240 $ 3,240 $ 2,546 $ 2,546 Tier 1 leverage ratio 6.9 % 6.9 % 4.0 7.6 % 7.6 % 5.0 Supplementary leverage exposure (in billions) $ 3,818 $ 3,015 Supplementary leverage ratio 5.9 % 5.0 6.4 % 6.0 December 31, 2023 Risk-based capital metrics: Common equity tier 1 capital $ 194,928 $ 194,928 $ 187,621 $ 187,621 Tier 1 capital 223,323 223,323 187,621 187,621 Total capital (4) 251,399 241,449 201,932 192,175 Risk-weighted assets (in billions) 1,651 1,459 1,395 1,114 Common equity tier 1 capital ratio 11.8 % 13.4 % 9.5 % 13.5 % 16.8 % 7.0 % Tier 1 capital ratio 13.5 15.3 11.0 13.5 16.8 8.5 Total capital ratio 15.2 16.6 13.0 14.5 17.2 10.5 Leverage-based metrics: Adjusted quarterly average assets (in billions) (5) $ 3,135 $ 3,135 $ 2,471 $ 2,471 Tier 1 leverage ratio 7.1 % 7.1 % 4.0 7.6 % 7.6 % 5.0 Supplementary leverage exposure (in billions) $ 3,676 $ 2,910 Supplementary leverage ratio 6.1 % 5.0 6.4 % 6.0 (1) As of December 31, 2024 and 2023, capital ratios are calculated using the regulatory capital rule that allows a five-year transition period related to the adoption of the current expected credit losses accounting standard on January 1, 2020. (2) The CET1 capital regulatory minimum is the sum of the CET1 capital ratio minimum of 4.5 percent, the Corporation’s G-SIB surcharge of 3.0 percent at December 31, 2024 and 2.5 percent at December 31, 2023, and SCB (under the Standardized approach) of 3.2 percent at December 31, 2024 and 2.5 percent at December 31, 2023. The countercyclical capital buffer was zero for both periods. The SLR regulatory minimum includes a leverage buffer of 2.0 percent. (3) Risk-based capital regulatory minimums at both December 31, 2024 and 2023 are the minimum ratios under Basel 3 including a capital conservation buffer of 2.5 percent. The regulatory minimums for the leverage ratios as of both period ends are the percent required to be considered well capitalized under the PCA framework. (4) Total capital under the Advanced approaches differs from the Standardized approach due to differences in the amount permitted in Tier 2 capital related to the qualifying allowance for credit losses. (5) Reflects total average assets adjusted for certain Tier 1 capital deductions. The capital adequacy rules issued by the U.S. banking regulators require institutions to meet the established minimums outlined in the table above. Failure to meet the minimum requirements can lead to certain mandatory and discretionary actions by regulators that could have a material adverse impact on the Corporation’s financial position. At December 31, 2024 and 2023, the Corporation and its banking entity affiliates were well capitalized. Other Regulatory Matters At December 31, 2024 and 2023, the Corporation had cash and cash equivalents in the amount of $4.0 billion and $3.6 billion, and securities with a fair value of $18.3 billion and $18.0 billion that were segregated in compliance with securities regulations. Cash and cash equivalents segregated in compliance with securities regulations are a component of restricted cash. For more information, see Note 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash . In addition, at December 31, 2024 and 2023, the Corporation had cash deposited with clearing organizations of $21.5 billion and $23.7 billion primarily recorded in other assets on the Consolidated Balance Sheet. Bank Subsidiary Distributions The primary sources of funds for cash distributions by the Corporation to its shareholders are capital distributions received from its bank subsidiaries, BANA and Bank of America California, N.A. In 2024, the Corporation received dividends of $20.8 billion from BANA and $500 million from Bank of America California, N.A.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Pension and Postretirement Plans The Corporation sponsors a qualified noncontributory trusteed pension plan (Qualified Pension Plan), a number of noncontributory nonqualified pension plans and postretirement health and life plans that cover eligible employees. Non-U.S. pension plans sponsored by the Corporation vary based on the country and local practices. The Qualified Pension Plan has a balance guarantee feature for account balances with participant-selected investments, applied at the time a benefit payment is made from the plan that effectively provides principal protection for participant balances transferred and certain compensation credits. The Corporation is responsible for funding any shortfall on the guarantee feature. Benefits earned under the Qualified Pension Plan have been frozen. Thereafter, the cash balance accounts continue to earn investment credits or interest credits in accordance with the terms of the plan document. The Corporation has an annuity contract that guarantees the payment of benefits vested under a terminated U.S. pension plan (Other Pension Plan). The Corporation, under a supplemental agreement, may be responsible for or benefit from actual experience and investment performance of the annuity assets. The Corporation made no contribution under this agreement in 2024 or 2023. Contributions may be required in the future under this agreement. The Corporation’s noncontributory, nonqualified pension plans are unfunded and provide supplemental defined pension benefits to certain eligible employees. In addition to retirement pension benefits, certain benefits-eligible employees may become eligible to continue participation as retirees in health care and/or life insurance plans sponsored by the Corporation. These plans are referred to as the Postretirement Health and Life Plans. The Pension and Postretirement Plans table summarizes the changes in the fair value of plan assets, changes in the projected benefit obligation (PBO), the funded status of both the accumulated benefit obligation (ABO) and the PBO, and the weighted-average assumptions used to determine benefit obligations for the pension plans and postretirement plans at December 31, 2024 and 2023. The estimate of the Corporation’s PBO associated with these plans considers various actuarial assumptions, including assumptions for mortality rates and discount rates. The discount rate assumptions are derived from a cash flow matching technique that utilizes rates that are based on Aa-rated corporate bonds with cash flows that match estimated benefit payments of each of the plans. The increases in the weighted-average discount rates in 2024 resulted in a decrease to the PBO of $767 million at December 31, 2024. The decreases in the weighted-average discount rates in 2023 resulted in an increase to the PBO of approximately $511 million at December 31, 2023. Significant gains and losses related to changes in the PBO for 2024 and 2023 primarily resulted from changes in the discount rate. Pension and Postretirement Plans (1) Qualified Non-U.S. Nonqualified and Other Postretirement (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 Fair value, January 1 $ 17,632 $ 17,258 $ 1,779 $ 1,728 $ 1,849 $ 1,886 $ 98 $ 107 Actual return on plan assets 984 1,436 (103) 17 33 103 4 5 Company contributions — — 24 28 80 80 16 43 Plan participant contributions — — 1 1 — — 106 102 Settlements and curtailments — — (1) (12) — — — — Benefits paid (992) (1,062) (77) (80) (223) (220) (136) (159) Foreign currency exchange rate changes n/a n/a (43) 97 n/a n/a n/a n/a Fair value, December 31 $ 17,624 $ 17,632 $ 1,580 $ 1,779 $ 1,739 $ 1,849 $ 88 $ 98 Change in projected benefit obligation Projected benefit obligation, January 1 $ 11,769 $ 11,580 $ 1,974 $ 1,752 $ 2,092 $ 2,109 $ 672 $ 700 Service cost — — 31 27 — — 2 2 Interest cost 587 616 86 80 103 111 33 36 Plan participant contributions — — 1 1 — — 106 102 Plan amendments — — (9) 4 — — — — Settlements and curtailments — — (1) (12) — — — — Actuarial loss (gain) (259) 635 (185) 121 (6) 92 (37) (9) Benefits paid (992) (1,062) (77) (80) (223) (220) (136) (160) Foreign currency exchange rate changes n/a n/a (51) 81 n/a n/a — 1 Projected benefit obligation, December 31 $ 11,105 $ 11,769 $ 1,769 $ 1,974 $ 1,966 $ 2,092 $ 640 $ 672 Amounts recognized on Consolidated Balance Sheet Other assets $ 6,519 $ 5,863 $ 234 $ 235 $ 431 $ 452 $ — $ — Accrued expenses and other liabilities — — (423) (430) (658) (695) (552) (574) Net amount recognized, December 31 $ 6,519 $ 5,863 $ (189) $ (195) $ (227) $ (243) $ (552) $ (574) Funded status, December 31 Accumulated benefit obligation $ 11,105 $ 11,769 $ 1,696 $ 1,903 $ 1,966 $ 2,091 n/a n/a Overfunded (unfunded) status of ABO 6,519 5,863 (116) (124) (227) (242) n/a n/a Provision for future salaries — — 73 71 — 1 n/a n/a Projected benefit obligation 11,105 11,769 1,769 1,974 1,966 2,092 $ 640 $ 672 Weighted-average assumptions, December 31 Discount rate 5.67 % 5.13 % 5.15 % 4.48 % 5.61 % 5.19 % 5.78 % 5.17 % Rate of compensation increase n/a n/a 4.35 4.33 4.00 4.00 n/a n/a Interest-crediting rate 5.42 % 5.43 % 2.08 1.98 4.73 4.91 n/a n/a (1) The measurement date for all of the above plans was December 31 of each year reported. n/a = not applicable The Corporation’s estimate of its contributions to be made to the Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans in 2025 is $13 million, $90 million and $29 million, respectively. The Corporation does not expect to make a contribution to the Qualified Pension Plan in 2025. It is the policy of the Corporation to fund no less than the minimum funding amount required by the Employee Retirement Income Security Act of 1974 (ERISA). Pension Plans with ABO and PBO in excess of plan assets as of December 31, 2024 and 2023 are presented in the table below. For these plans, funding strategies vary due to legal requirements and local practices. Plans with ABO and PBO in Excess of Plan Assets Non-U.S. Nonqualified (Dollars in millions) 2024 2023 2024 2023 PBO $ 496 $ 499 $ 659 $ 695 ABO 433 445 659 695 Fair value of plan assets 75 75 — 1 Components of Net Periodic Benefit Cost Qualified Pension Plan Non-U.S. Pension Plans (Dollars in millions) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost (income) Service cost $ — $ — $ — $ 31 $ 27 $ 29 Interest cost 587 616 438 86 80 53 Expected return on plan assets (1,206) (1,191) (1,204) (89) (72) (59) Amortization of actuarial loss (gain) and prior service cost 134 94 140 16 11 14 Recognized loss (gain) due to settlements, curtailments, and other — — — (1) 1 10 Net periodic benefit cost (income) $ (485) $ (481) $ (626) $ 43 $ 47 $ 47 Weighted-average assumptions used to determine net cost for years ended December 31 Discount rate 5.13 % 5.54 % 2.86 % 4.48 % 4.59 % 1.85 % Expected return on plan assets 6.50 6.50 5.75 5.18 4.17 2.17 Rate of compensation increase n/a n/a n/a 4.33 4.25 4.46 Nonqualified and Postretirement Health (Dollars in millions) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost (income) Service cost $ — $ — $ — $ 2 $ 2 $ 4 Interest cost 103 111 74 33 36 25 Expected return on plan assets (90) (97) (59) (3) (2) (2) Amortization of actuarial loss (gain) and prior service cost 33 29 54 (35) (78) (9) Recognized loss (gain) due to settlements, curtailments, and other — — 1 — — — Net periodic benefit cost (income) $ 46 $ 43 $ 70 $ (3) $ (42) $ 18 Weighted-average assumptions used to determine net cost for years ended December 31 Discount rate 5.19 % 5.58 % 2.80 % 5.17 % 5.56 % 2.85 % Expected return on plan assets 4.73 4.98 2.38 3.40 2.00 2.00 Rate of compensation increase 4.00 4.00 4.00 n/a n/a n/a n/a = not applicable The asset valuation method used to calculate the expected return on plan assets component of net periodic benefit cost for the Qualified Pension Plan recognizes 60 percent of the prior year’s market gains or losses at the next measurement date with the remaining 40 percent spread equally over the subsequent four years. Gains and losses for all benefit plans except postretirement health care are recognized in accordance with the standard amortization provisions of the applicable accounting guidance. Net periodic postretirement health and life expense was determined using the “projected unit credit” actuarial method. For the U.S. Postretirement Health Plans, 50 percent of the unrecognized gain or loss at the beginning of the year (or at subsequent remeasurement) is recognized on a level basis during the year. Assumed health care cost trend rates affect the postretirement benefit obligation and benefit cost reported for the Postretirement Health and Life Plans. The assumed health care cost trend rate used to measure the expected cost of benefits covered by the U.S. Postretirement Health and Life Plans is 6.25 percent for 2025, reducing in steps to 5.00 percent in 2028 and later years. The Corporation’s net periodic benefit cost (income) recognized for the plans is sensitive to the discount rate and expected return on plan assets. For the Qualified Pension Plan, Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans, a 25 bps decline in discount rates and expected return on assets would not have had a significant impact on the net periodic benefit cost for 2024. Pretax Amounts included in Accumulated OCI and OCI Qualified Non-U.S. Nonqualified Postretirement Total (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Net actuarial loss (gain) $ 4,901 $ 5,072 $ 468 $ 478 $ 870 $ 852 $ (128) $ (125) $ 6,111 $ 6,277 Prior service cost (credits) — — 36 46 — — — — 36 46 Amounts recognized in accumulated OCI $ 4,901 $ 5,072 $ 504 $ 524 $ 870 $ 852 $ (128) $ (125) $ 6,147 $ 6,323 Current year actuarial loss (gain) $ (37) $ 391 $ 5 $ 177 $ 51 $ 85 $ (38) $ (15) $ (19) $ 638 Amortization of actuarial gain (loss) and prior service cost (134) (94) (16) (12) (33) (29) 35 78 (148) (57) Current year prior service cost (credit) — — (9) 4 — — — — (9) 4 Amounts recognized in OCI $ (171) $ 297 $ (20) $ 169 $ 18 $ 56 $ (3) $ 63 $ (176) $ 585 Plan Assets The Qualified Pension Plan has been established as a retirement vehicle for participants, and trusts have been established to secure benefits promised under the Qualified Pension Plan. The Corporation’s policy is to invest the trust assets in a prudent manner for the exclusive purpose of providing benefits to participants and defraying reasonable expenses of administration. The Corporation’s investment strategy is designed to provide a total return that, over the long term, increases the ratio of assets to liabilities. The strategy attempts to maximize the investment return on assets at a level of risk deemed appropriate by the Corporation while complying with ERISA and any applicable regulations and laws. The investment strategy utilizes asset allocation as a principal determinant for establishing the risk/return profile of the assets. Asset allocation ranges are established, periodically reviewed and adjusted as funding levels and liability characteristics change. Active and passive investment managers are employed to help enhance the risk/return profile of the assets. An additional aspect of the investment strategy used to minimize risk (part of the asset allocation plan) includes matching the exposure of participant-selected investment measures. The assets of the Non-U.S. Pension Plans are primarily attributable to a U.K. pension plan. This U.K. pension plan’s assets are invested prudently so that the benefits promised to members are provided with consideration given to the nature and the duration of the plans’ liabilities. The selected asset allocation strategy is designed to achieve a higher return than the lowest risk strategy. The expected rate of return on plan assets assumption was developed through analysis of historical market returns, historical asset class volatility and correlations, current market conditions, anticipated future asset allocations, the funds’ past experience and expectations on potential future market returns. The expected return on plan assets assumption is determined using the calculated market-related value for the Qualified Pension Plan and the Other Pension Plan and the fair value for the Non-U.S. Pension Plans and Postretirement Health and Life Plans. The expected return on plan assets assumption represents a long-term average view of the performance of the assets in the Qualified Pension Plan, the Non-U.S. Pension Plans, the Other Pension Plan, and Postretirement Health and Life Plans, a return that may or may not be achieved during any one calendar year. The Other Pension Plan is invested solely in an annuity contract, which is primarily invested in fixed-income securities structured such that asset maturities match the duration of the plan’s obligations. The target allocations for 2025 by asset category for the Qualified Pension Plan, Non-U.S. Pension Plans, and Nonqualified and Other Pension Plans are presented in the table below. Equity securities for the Qualified Pension Plan include common stock of the Corporation in the amounts of $386 million (2.19 percent of total plan assets) and $299 million (1.69 percent of total plan assets) at December 31, 2024, and 2023. 2025 Target Allocation Percentage Asset Category Qualified Non-U.S. Nonqualified Equity securities 10 - 40% 0 - 10% 0 - 5% Debt securities 50 - 85% 50 - 80% 95 - 100% Real estate 0 - 10% 0 - 10% 0 - 5% Other 0 - 10% 20 - 45% 0 - 5% Fair Value Measurements For more information on fair value measurements, including descriptions of Level 1, 2 and 3 of the fair value hierarchy and the valuation methods employed by the Corporation, see Note 1 – Summary of Significant Accounting Principles and Note 20 – Fair Value Measurements . Combined plan investment assets measured at fair value by level and in total at December 31, 2024 and 2023 are summarized in the Fair Value Measurements table. Fair Value Measurements Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (Dollars in millions) December 31, 2024 December 31, 2023 Money market and interest-bearing cash $ 1,103 $ — $ — $ 1,103 $ 1,013 $ — $ — $ 1,013 U.S. government and government agency obligations 3,875 754 3 4,632 3,692 729 4 4,425 Corporate debt — 2,931 — 2,931 — 3,343 — 3,343 Non-U.S. debt securities 474 889 — 1,363 567 987 — 1,554 Asset-backed securities — 1,361 — 1,361 — 1,464 — 1,464 Mutual and exchange-traded funds 920 — — 920 953 — — 953 Collective investment funds — 2,670 — 2,670 — 2,350 — 2,350 Common and preferred stocks 3,795 — — 3,795 4,027 — — 4,027 Real estate investment trusts 36 — — 36 45 — — 45 Participant loans — — 6 6 — — 6 6 Other investments (1) 1 11 451 463 1 47 427 475 Total plan investment assets, at fair value (2) $ 10,204 $ 8,616 $ 460 $ 19,280 $ 10,298 $ 8,920 $ 437 $ 19,655 (1) Other investments includes insurance annuity contracts of $432 million and $404 million and other various investments of $31 million and $71 million at December 31, 2024 and 2023. (2) At December 31, 2024 and 2023, excludes $1.8 billion and $1.7 billion of certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient and are not required to be classified in the fair value hierarchy. Level 3 Fair Value Measurements Investments classified in level 3 of the fair value hierarchy increased $23 million in 2024 to $460 million due to $5 million in negative asset returns and $28 million of net purchases. In 2023, level 3 investments increased $16 million to $437 million due to $4 million in positive asset returns and $12 million of net purchases. In 2022, level 3 investments decreased $222 million to $421 million due to $8 million in negative asset returns and $214 million of net sales and settlements. Projected Benefit Payments Benefit payments projected to be made from the Qualified Pension Plan, Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans are presented in the table below. Projected Benefit Payments (Dollars in millions) Qualified Pension Plan (1) Non-U.S. Pension Plans (2) Nonqualified and Other Pension Plans (2) Postretirement Health and Life Plans (3) 2025 $ 909 $ 106 $ 233 $ 65 2026 936 111 225 63 2027 923 114 218 61 2028 913 120 205 58 2029 906 121 194 56 2030-2034 4,225 632 816 246 (1) Benefit payments expected to be made from the plan’s assets. (2) Benefit payments expected to be made from a combination of the plans’ and the Corporation’s assets. (3) Benefit payments (net of retiree contributions) expected to be made from a combination of the plans’ and the Corporation’s assets. Defined Contribution Plans The Corporation maintains qualified and nonqualified defined contribution retirement plans. The Corporation recorded expense of $1.3 billion in 2024 and $1.2 billion in both 2023 and 2022 related to the qualified defined contribution plans. At December 31, 2024 and 2023, 153 million and 178 million shares of the Corporation’s common stock were held by these plans. Payments to the plans for dividends on common stock were $165 million, $166 million and $153 million in 2024, 2023 and 2022, respectively. Certain non-U.S. employees are covered under defined contribution pension plans that are separately administered in accordance with local laws.

Stock-based Compensation Plans

Stock-based Compensation Plans	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Plans	Stock-based Compensation Plans The Corporation administers a number of equity compensation plans, with awards being granted predominantly from the Bank of America Corporation Equity Plan (BACEP). Under this plan, 890 million shares of the Corporation’s common stock are authorized to be used for grants of awards. During 2024 and 2023, the Corporation granted 121 million and 115 million RSUs to certain employees under the BACEP. These RSUs were authorized to settle predominantly in shares of common stock of the Corporation. Certain RSUs will be settled in cash or contain settlement provisions that subject these awards to variable accounting whereby compensation expense is adjusted to fair value based on changes in the share price of the Corporation’s common stock up to the settlement date. The RSUs granted in 2024 and 2023 predominantly vest over four years in one-fourth increments on each of the first four anniversaries of the grant date, provided that the employee remains continuously employed with the Corporation during that time, and will be expensed ratably over the vesting period, net of estimated forfeitures, for non-retirement eligible employees based on the grant-date fair value of the shares. Of the RSUs granted in 2024 and 2023, 42 million in each year do not include retirement eligibility. For all other RSUs granted to employees who are retirement eligible, they are deemed authorized as of the beginning of the year preceding the grant date when the incentive award plans are generally approved. As a result, the estimated value is expensed ratably over the year preceding the grant date. The compensation cost for the stock-based plans was $3.6 billion, $3.1 billion and $2.9 billion, and the related income tax benefit was $872 million, $733 million and $697 million for 2024, 2023 and 2022, respectively. At December 31, 2024, there was an estimated $4.3 billion of total unrecognized compensation cost related to certain share-based compensation awards that is expected to be recognized generally over a period of up to four years, with a weighted-average period of 2.4 years. Restricted Stock and Restricted Stock Units The total fair value of restricted stock and restricted stock units vested in 2024, 2023 and 2022 was $2.6 billion, $2.6 billion and $3.4 billion, respectively. The table below presents the status at December 31, 2024 of the share-settled restricted stock and restricted stock units and changes during 2024. Stock-settled Restricted Stock and Restricted Stock Units Shares/Units Weighted- Outstanding at January 1, 2024 233,510,155 $ 37.17 Granted 117,371,236 32.61 Vested (75,327,933) 36.27 Canceled (10,529,794) 36.54 Outstanding at December 31, 2024 265,023,664 35.43

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income tax expense for 2024, 2023 and 2022 are presented in the table below. Income Tax Expense (Dollars in millions) 2024 2023 2022 Current income tax expense U.S. federal $ 1,188 $ 1,361 $ 1,157 U.S. state and local 603 559 389 Non-U.S. 2,065 1,918 1,156 Total current expense 3,856 3,838 2,702 Deferred income tax expense U.S. federal (2,271) (2,241) 110 U.S. state and local 138 (53) 254 Non-U.S. 399 283 375 Total deferred expense (1,734) (2,011) 739 Total income tax expense $ 2,122 $ 1,827 $ 3,441 Total income tax expense does not reflect the tax effects of items that are included in OCI each period. For more information, see Note 14 – Accumulated Other Comprehensive Income (Loss) . Other tax effects included in OCI each period resulted in an expense of $1.5 billion and $892 million in 2024 and 2023 and a benefit of $4.9 billion in 2022. The increase in the federal deferred tax benefit in 2024 and 2023 was primarily driven by increased tax attribute carryforwards related to the Corporation’s investments in affordable housing and renewable energy partnerships and similar investments compared to 2022. Income tax expense for 2024, 2023 and 2022 varied from the amount computed by applying the statutory income tax rate to income before income taxes. The Corporation’s federal statutory tax rate was 21 percent for 2024, 2023 and 2022. A reconciliation of the expected U.S. federal income tax expense, calculated by applying the federal statutory tax rate, to the Corporation’s actual income tax expense, and the effective tax rates for 2024, 2023 and 2022 are presented in the following table. Reconciliation of Income Tax Expense Amount Percent Amount Percent Amount Percent (Dollars in millions) 2024 2023 2022 Expected U.S. federal income tax expense $ 6,143 21.0 % $ 5,952 21.0 % $ 6,504 21.0 % Increase (decrease) in taxes resulting from: State tax expense, net of federal benefit 678 2.3 475 1.7 756 2.4 Affordable housing/energy/other credits (5,100) (17.4) (4,920) (17.4) (3,698) (11.9) Tax-exempt income, including dividends (416) (1.4) (373) (1.3) (273) (0.9) Tax law changes — — (137) (0.5) 186 0.6 Changes in prior-period UTBs, including interest (99) (0.3) (26) (0.1) (273) (0.9) Rate differential on non-U.S. earnings 635 2.2 601 2.1 368 1.2 Nondeductible expenses 365 1.2 367 1.3 352 1.1 Other (84) (0.3) (112) (0.4) (481) (1.5) Total income tax expense $ 2,122 7.3 % $ 1,827 6.4 % $ 3,441 11.1 % Tax Law changes reflect the impact of certain state legislative enactments in 2023 of approximately $137 million and the 2022 U.K. enacted corporate income tax rate change, which resulted in a negative tax adjustment of approximately $186 million, with corresponding adjustments of U.K. net deferred tax assets. The U.K. net deferred tax assets are primarily net operating losses (NOLs), incurred by the Corporation’s U.K. broker-dealer entity in historical periods, which do not expire under U.K. tax law and are assessed regularly for impairment. If further U.K. tax law changes are enacted, a corresponding income tax adjustment will be made based on the amount of available net deferred tax assets and applicable tax rate changes. Tax credits originate from investments in affordable housing and renewable energy partnerships and similar entities. Significant increases in tax credits recognized in 2024 and 2023, compared to 2022, were primarily driven by the Corporation’s growth in the volume of investments in wind and solar energy production facilities. For more information, see Note 6 – Securitizations and Other Variable Interest Entities . The reconciliation of the beginning unrecognized tax benefits (UTB) balance to the ending balance is presented in the table below. Reconciliation of the Change in Unrecognized Tax Benefits (Dollars in millions) 2024 2023 2022 Balance, January 1 $ 811 $ 1,056 $ 1,322 Increases related to positions taken during the current year 55 76 121 Increases related to positions taken during prior years (1) 39 139 167 Decreases related to positions taken during prior years (1) (134) (32) (289) Settlements (62) (380) (99) Expiration of statute of limitations (25) (48) (166) Balance, December 31 $ 684 $ 811 $ 1,056 (1) The sum of the positions taken during prior years differs from the $(99) million, $(26) million and $(273) million in the Reconciliation of Income Tax Expense table due to temporary items, state items and jurisdictional offsets, as well as the inclusion of interest in the Reconciliation of Income Tax Expense table. At December 31, 2024, 2023 and 2022, the balance of the Corporation’s UTBs which would, if recognized, affect the Corporation’s effective tax rate was $573 million, $671 million and $709 million, respectively. Included in the UTB balance are some items the recognition of which would not affect the effective tax rate, such as the tax effect of certain temporary differences, the portion of gross state UTBs that would be offset by the tax benefit of the associated federal deduction and the portion of gross non-U.S. UTBs that would be offset by tax reductions in other jurisdictions. It is reasonably possible that the UTB balance may decrease by as much as $217 million during the next 12 months, since resolved items will be removed from the balance whether their resolution results in payment or recognition. The Corporation recognized an interest benefit of $9 million in 2024, interest expense of $35 million in 2023 and interest benefit of $50 million in 2022. At December 31, 2024 and 2023, the Corporation’s accrual for interest and penalties that related to income taxes, net of taxes and remittances, was $105 million and $134 million. The Corporation files income tax returns in more than 100 states and non-U.S. jurisdictions each year. The IRS and other tax authorities in countries and states in which the Corporation has significant business operations examine tax returns periodically (continuously in some jurisdictions). The table below summarizes the status of examinations by major jurisdiction for the Corporation and various subsidiaries at December 31, 2024. Tax Examination Status Years under Examination (1) Status at United States 2017-2021 Field Examination California 2015-2017 Field Examination California 2018-2021 Field Examination New York 2019-2021 Field Examination United Kingdom (2) 2021-2022 Field Examination (1) All tax years subsequent to the years shown remain subject to examination. (2) Field examination for tax year 2023 to begin in 2025. Significant components of the Corporation’s net deferred tax assets and liabilities at December 31, 2024 and 2023 are presented in the following table. Deferred Tax Assets and Liabilities December 31 (Dollars in millions) 2024 2023 Deferred tax assets Tax attribute carryforwards $ 11,863 $ 11,084 Allowance for credit losses 3,463 3,518 Security, loan and debt valuations 2,680 3,991 Lease liability 2,169 2,328 Employee compensation and retirement benefits 1,760 1,698 Accrued expenses 1,379 1,640 Other 1,983 1,475 Gross deferred tax assets 25,297 25,734 Valuation allowance (2,361) (2,108) Total deferred tax assets, net of valuation 22,936 23,626 Deferred tax liabilities Equipment lease financing 3,021 2,488 Right-of-use asset 2,025 2,180 Tax credit investments 1,921 1,884 Fixed assets 151 789 Other 1,769 1,913 Gross deferred tax liabilities 8,887 9,254 Net deferred tax assets $ 14,049 $ 14,372 The table below summarizes the deferred tax assets and related valuation allowances recognized for the net operating loss (NOL) and tax credit carryforwards at December 31, 2024. Net Operating Loss and Tax Credit Carryforward Deferred Tax Assets (Dollars in millions) Deferred Valuation Net First Year Net operating losses - U.K. (1) $ 7,519 $ — $ 7,519 None Net operating losses - other non-U.S. 135 (41) 94 Various Net operating losses - U.S. states (2) 525 (363) 162 Various General business credits 2,861 — 2,861 Various Foreign tax credits 823 (823) — After 2028 (1) Represents U.K. broker-dealer net operating losses that may be carried forward indefinitely. (2) The net operating losses and related valuation allowances for U.S. states before considering the benefit of federal deductions were $664 million and $459 million. Management concluded that no valuation allowance was necessary to reduce the deferred tax assets related to the U.K. NOL carryforwards and U.S. federal and certain state NOL carryforwards since estimated future taxable income will be sufficient to utilize these assets prior to their expiration. Additionally, the Corporation has U.K. net deferred tax assets, which consist primarily of NOLs that are expected to be realized in a U.K. subsidiary over an extended number of years. Management’s conclusion is supported by financial results, profit forecasts for the relevant entity and the indefinite period to carry forward NOLs. However, a material change in those estimates could lead management to reassess such valuation allowance conclusions. At December 31, 2024, U.S. federal income taxes had not been provided on approximately $5.0 billion of temporary differences associated with investments in non-U.S. subsidiaries that are essentially permanent in duration. If the Corporation were to record the associated deferred tax liability, the amount would be approximately $1.0 billion.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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 that require an entity to maximize the use of observable inputs and minimize the use of unobservable inputs. The Corporation categorizes its financial instruments into three levels based on the established fair value hierarchy 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 financial models measuring the fair values of the assets and liabilities become unobservable or observable, respectively, in the current marketplace, or when previously insignificant unobservable and observable inputs become significant, respectively. For more information regarding the fair value hierarchy and how the Corporation measures fair value, see Note 1 – Summary of Significant Accounting Principles . The Corporation accounts for certain financial instruments under the fair value option. For more information, see Note 21 – Fair Value Option . Valuation Techniques The following sections outline the valuation methodologies for the Corporation’s assets and liabilities. While the Corporation believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. During 2024, there were no significant 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. Trading Account Assets and Liabilities and Debt Securities The fair values of trading account assets and liabilities are primarily based on actively traded markets where prices are based on either direct market quotes or observed transactions. The fair values of debt securities are generally based on quoted market prices or market prices for similar assets. Liquidity is a significant factor in the determination of the fair values of trading account assets and liabilities and debt securities. Market price quotes may not be readily available for some positions such as positions within a market sector where trading activity has slowed significantly or ceased. Some of these instruments are valued using a discounted cash flow model, which estimates the fair value of the securities using internal credit risk, and interest rate and prepayment risk models that incorporate management’s best estimate of current key assumptions such as default rates, loss severity and prepayment rates. Principal and interest cash flows are discounted using an observable discount rate for similar instruments with adjustments that management believes a market participant would consider in determining fair value for the specific security. Other instruments are valued using a net asset value approach that considers the value of the underlying securities. Underlying assets are valued using external pricing services, where available, or matrix pricing based on the vintages and ratings. Situations of illiquidity generally are triggered by the market’s perception of credit uncertainty regarding a single company or a specific market sector. In these instances, fair value is determined based on limited available market information and other factors, principally from reviewing the issuer’s financial statements and changes in credit ratings made by one or more rating agencies. Derivative Assets and Liabilities The fair values of derivative assets and liabilities traded in the OTC market are determined using quantitative models that utilize multiple market inputs including interest rates, prices and indices to generate continuous yield or pricing curves and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. When third-party pricing services are used, the methods and assumptions are reviewed by the Corporation. Estimation risk is greater for derivative asset and liability positions that are either option-based or have longer maturity dates where observable market inputs are less readily available, or are unobservable, in which case, quantitative-based extrapolations of rate, price or index scenarios are used in determining fair values. The fair values of derivative assets and liabilities include adjustments for market liquidity, counterparty credit quality and other instrument-specific factors, where appropriate. In addition, the Corporation incorporates within its fair value measurements of OTC derivatives a valuation adjustment to reflect the credit risk associated with the net position. Positions are netted by counterparty, and fair value for net long exposures is adjusted for counterparty credit risk while the fair value for net short exposures is adjusted for the Corporation’s own credit risk. The Corporation also incorporates FVA within its fair value measurements to include funding costs on uncollateralized derivatives and derivatives where the Corporation is not permitted to use the collateral it receives. An estimate of severity of loss is also used in the determination of fair value, primarily based on market data. Loans and Loan Commitments The fair values of loans and loan commitments are based on market prices, where available, or discounted cash flow analyses using market-based credit spreads of comparable debt instruments or credit derivatives of the specific borrower or comparable borrowers. Results of discounted cash flow analyses may be adjusted, as appropriate, to reflect other market conditions or the perceived credit risk of the borrower. Mortgage Servicing Rights The fair values of MSRs are primarily determined using an option-adjusted spread valuation approach, which factors in prepayment risk to determine the fair value of MSRs. This approach consists of projecting servicing cash flows under multiple interest rate scenarios and discounting these cash flows using risk-adjusted discount rates. Loans Held-for-sale The fair values of LHFS are based on quoted market prices, where available, or are determined by discounting estimated cash flows using interest rates approximating the Corporation’s current origination rates for similar loans adjusted to reflect the inherent credit risk. The borrower-specific credit risk is embedded within the market prices, where available, or is implied by considering loan performance when selecting comparables. Short-term Borrowings and Long-term Debt The Corporation issues structured liabilities that have coupons or repayment terms linked to the performance of debt or equity securities, interest rates, indices, currencies or commodities. The fair values of these structured liabilities are estimated using quantitative models for the combined derivative and debt portions of the notes. These models incorporate observable and, in some instances, unobservable inputs including security prices, interest rate yield curves, option volatility, currency, commodity or equity rates and correlations among these inputs. The Corporation also considers the impact of its own credit spread in determining the discount rate used to value these liabilities. The credit spread is determined by reference to observable spreads in the secondary bond market. Securities Financing Agreements The fair values of certain reverse repurchase agreements, repurchase agreements and securities borrowed transactions are determined using quantitative models, including discounted cash flow models that require the use of multiple market inputs including interest rates and spreads to generate continuous yield or pricing curves, and volatility factors. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Deposits The fair values of deposits are determined using quantitative models, including discounted cash flow models that require the use of multiple market inputs including interest rates and spreads to generate continuous yield or pricing curves, and volatility factors. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. The Corporation considers the impact of its own credit spread in the valuation of these liabilities. The credit risk is determined by reference to observable credit spreads in the secondary cash market. Asset-backed Secured Financings The fair values of asset-backed secured financings are based on external broker bids, where available, or are determined by discounting estimated cash flows using interest rates approximating the Corporation’s current origination rates for similar loans, adjusted to reflect the inherent credit risk. Recurring Fair Value Assets and liabilities carried at fair value on a recurring basis at December 31, 2024 and 2023, including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. December 31, 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 $ 1,318 $ — $ — $ — $ 1,318 Federal funds sold and securities borrowed or purchased under agreements to resell — 521,878 — (377,377) 144,501 Trading account assets: U.S. Treasury and government agencies 66,582 3,940 — — 70,522 Corporate securities, trading loans and other — 43,222 1,814 — 45,036 Equity securities 66,783 36,450 374 — 103,607 Non-U.S. sovereign debt 3,017 36,763 344 — 40,124 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 43,850 5 — 43,855 Mortgage trading loans, ABS and other MBS — 10,343 973 — 11,316 Total trading account assets (2) 136,382 174,568 3,510 — 314,460 Derivative assets 14,626 289,940 3,562 (267,180) 40,948 AFS debt securities: U.S. Treasury and government agencies 233,671 908 — — 234,579 Mortgage-backed securities: Agency — 31,202 — — 31,202 Agency-collateralized mortgage obligations — 19,318 — — 19,318 Non-agency residential — 38 247 — 285 Commercial — 25,274 328 — 25,602 Non-U.S. securities 75 22,320 36 — 22,431 Other taxable securities — 4,603 — — 4,603 Tax-exempt securities — 8,412 — — 8,412 Total AFS debt securities 233,746 112,075 611 — 346,432 Other debt securities carried at fair value: U.S. Treasury and government agencies 3,885 — — — 3,885 Non-agency residential MBS — 101 149 — 250 Non-U.S. and other securities 854 7,186 — — 8,040 Total other debt securities carried at fair value 4,739 7,287 149 — 12,175 Loans and leases — 4,167 82 — 4,249 Loans held-for-sale — 2,082 132 — 2,214 Other assets (3) 8,279 2,928 1,969 — 13,176 Total assets (4) $ 399,090 $ 1,114,925 $ 10,015 $ (644,557) $ 879,473 Liabilities Interest-bearing deposits in U.S. offices $ — $ 310 $ — $ — $ 310 Federal funds purchased and securities loaned or sold under agreements to repurchase — 570,236 — (377,377) 192,859 Trading account liabilities: U.S. Treasury and government agencies 16,408 195 — — 16,603 Equity securities 40,066 4,843 10 — 44,919 Non-U.S. sovereign debt 2,727 17,279 — — 20,006 Corporate securities and other — 10,871 110 — 10,981 Mortgage trading loans and ABS — 34 — — 34 Total trading account liabilities 59,201 33,222 120 — 92,543 Derivative liabilities 15,354 284,810 5,523 (266,334) 39,353 Short-term borrowings — 6,245 — — 6,245 Accrued expenses and other liabilities 9,113 3,997 89 — 13,199 Long-term debt — 49,452 553 — 50,005 Total liabilities (4) $ 83,668 $ 948,272 $ 6,285 $ (643,711) $ 394,514 (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 $18.3 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 $99 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 $972 million. (4) Total recurring Level 3 assets were 0.31 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.21 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 2024, 2023 and 2022, 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 Total Realized/Unrealized Gains (Losses) in Net Income (2) Gains (Losses) in OCI (3) Gross Gross Gross Balance December 31 Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Year Ended December 31, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,689 $ 87 $ (6) $ 1,128 $ (913) $ 44 $ (1,158) $ 1,125 $ (182) $ 1,814 $ 324 Equity securities 187 50 — 255 (65) — (62) 62 (53) 374 (12) Non-U.S. sovereign debt 396 (1) (57) 82 (16) — (79) 19 — 344 — Mortgage trading loans, MBS and ABS 1,217 (151) — 420 (617) — (63) 369 (197) 978 (172) Total trading account assets 3,489 (15) (63) 1,885 (1,611) 44 (1,362) 1,575 (432) 3,510 140 Net derivative assets (liabilities) (4) (2,494) 1,035 — 1,104 (1,338) — (576) (696) 1,004 (1,961) (132) AFS debt securities: Non-agency residential MBS 273 8 57 — — — (152) 191 (130) 247 6 Commercial MBS — (8) 1 338 — — (3) — — 328 (8) Non-U.S. and other taxable securities 103 (1) — — — — (66) 7 (7) 36 1 Total AFS debt securities 376 (1) 58 338 — — (221) 198 (137) 611 (1) Other debt securities carried at fair value – Non-agency residential MBS 69 5 — — — — (27) 118 (16) 149 (1) Loans and leases (5,6) 93 1 — — — 1 (13) — — 82 — Loans held-for-sale (5,6) 164 (6) (7) 25 — 1 (45) — — 132 (15) Other assets (6,7) 1,657 279 (52) 272 (6) 139 (321) 1 — 1,969 47 Trading account liabilities – Equity securities (12) 9 — — (4) — 7 (21) 11 (10) 6 Trading account liabilities – Corporate securities and other (39) (55) — (7) (15) (3) 26 (17) — (110) (69) Short-term borrowings (5) (10) 1 — — — (9) 18 — — — — Accrued expenses and other liabilities (5) (21) (234) — 165 — — 1 — — (89) (224) Long-term debt (5) (614) 64 (25) — — — 23 (1) — (553) 65 Year Ended December 31, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ (7) $ — $ — Trading account assets: Corporate securities, trading loans and other 2,384 144 2 453 (241) 20 (1,029) 385 (429) 1,689 50 Equity securities 145 44 — 39 (52) — (61) 153 (81) 187 (5) Non-U.S. sovereign debt 518 68 30 64 (23) — (259) — (2) 396 70 Mortgage trading loans, MBS and ABS 1,552 (50) — 263 (417) — (241) 436 (326) 1,217 (71) Total trading account assets 4,599 206 32 819 (733) 20 (1,590) 974 (838) 3,489 44 Net derivative assets (liabilities) (4) (2,893) 179 (375) 1,318 (1,281) — (1,575) (8) 2,141 (2,494) (857) AFS debt securities: Non-agency residential MBS 258 1 23 — — — (9) — — 273 2 Non-U.S. and other taxable securities 195 10 7 — — — (106) 4 (7) 103 2 Tax-exempt securities 51 1 — — — — (52) — — — — Total AFS debt securities 504 12 30 — — — (167) 4 (7) 376 4 Other debt securities carried at fair value – Non-agency residential MBS 119 (4) — — (19) — (6) — (21) 69 (3) Loans and leases (5,6) 253 (9) — 9 (54) — (100) 16 (22) 93 (13) Loans held-for-sale (5,6) 232 24 3 — (25) — (70) — — 164 13 Other assets (6,7) 1,799 211 10 176 (326) 104 (319) 2 — 1,657 74 Trading account liabilities – Equity securities — 1 — — — — 2 (15) — (12) 1 Trading account liabilities – Corporate securities and other (58) (3) — (3) (1) (1) 24 (35) 38 (39) (9) Short-term borrowings (5) (14) 1 — — (13) (8) 24 — — (10) (1) Accrued expenses and other liabilities (5) (32) 21 — (11) — — — — 1 (21) 4 Long-term debt (5) (862) 179 (26) (9) 50 — 47 — 7 (614) 183 (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 (3) Includes unrealized gains (losses) in OCI (4) Net derivative assets (liabilities) include derivative assets of $3.6 billion and $3.4 billion and derivative liabilities of $5.5 billion and $5.9 billion at December 31, 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) (Dollars in millions) 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) Purchases Sales Issuances Settlements Year Ended December 31, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,110 $ (52) $ (2) $ 1,069 $ (384) $ — $ (606) $ 1,023 $ (774) $ 2,384 $ (78) Equity securities 190 (3) — 45 (25) — (4) 38 (96) 145 (6) Non-U.S. sovereign debt 396 59 16 54 (4) — (68) 75 (10) 518 56 Mortgage trading loans, MBS and ABS 1,527 (254) — 729 (665) — (112) 536 (209) 1,552 (152) Total trading account assets 4,223 (250) 14 1,897 (1,078) — (790) 1,672 (1,089) 4,599 (180) Net derivative assets (liabilities) (4) (2,662) 551 — 319 (830) — 294 (180) (385) (2,893) 259 AFS debt securities: Non-agency residential MBS 316 — (35) — (8) — (75) 73 (13) 258 — Non-U.S. and other taxable securities 71 10 (10) 126 — — (22) 311 (291) 195 1 Tax-exempt securities 52 — 1 — — — (3) 1 — 51 — Total AFS debt securities 439 10 (44) 126 (8) — (100) 385 (304) 504 1 Other debt securities carried at fair value - Non-agency residential MBS 242 (19) — — — — (111) 30 (23) 119 14 Loans and leases (5,6) 748 (45) — — (154) 82 (129) — (249) 253 (21) Loans held-for-sale (5,6) 317 9 4 171 (6) — (271) 8 — 232 19 Other assets (6,7) 1,572 305 (21) 39 (35) 208 (271) 5 (3) 1,799 213 Trading account liabilities – Corporate securities and other (11) 5 — (4) — — (2) (46) — (58) 1 Short-term borrowings (5) — 3 — — (17) — — (3) 3 (14) 2 Accrued expenses and other liabilities (6) — (23) — (9) — — — — — (32) (7) Long-term debt (5) (1,075) (197) 82 — 14 (1) 57 (24) 282 (862) (200) (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 - predominantly market making and similar activities; 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 - other income; Other assets - market making and similar activities and other income primarily related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized losses in OCI on AFS debt securities, foreign currency translation adjustments 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 gains of $28 million related to financial instruments still held at December 31, 2022. (4) Net derivative assets (liabilities) include derivative assets of $3.2 billion and derivative liabilities of $6.1 billion. (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 December 31, 2024 and 2023. Quantitative Information about Level 3 Fair Value Measurements at December 31, 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 $ 636 Discounted cash flow, Market comparables Yield 0% to 20% 9 % Trading account assets – Mortgage trading loans, MBS and ABS 163 Prepayment speed 0% to 43% CPR 8% CPR Loans and leases 77 Default rate 0% to 6% CDR 6% CDR AFS debt securities – Non-agency residential 247 Price $0 to $115 $74 Other debt securities carried at fair value – Non-agency residential 149 Loss severity 0% to 76% 24 % Instruments backed by commercial real estate assets $ 555 Discounted cash Yield 1% n/a Trading account assets – Corporate securities, trading loans and other 185 Price $0 to $103 $84 Trading account assets – Mortgage trading loans, MBS and ABS 42 AFS debt securities – Commercial 328 Commercial loans, debt securities and other $ 2,919 Discounted cash flow, Market comparables Yield 4% to 37% 17 % Trading account assets – Corporate securities, trading loans and other 1,629 Prepayment speed 20% n/a Trading account assets – Non-U.S. sovereign debt 344 Default rate 2% n/a Trading account assets – Mortgage trading loans, MBS and ABS 773 Loss severity 30% n/a AFS debt securities – Non-U.S. and other taxable securities 36 Price $0 to $135 $69 Loans and leases 5 Loans held-for-sale 132 Other assets, primarily auction rate securities $ 997 Discounted cash flow, Market comparables Price $10 to $95 $86 Discount rate 8% to 11% 9 % MSRs $ 972 Discounted cash Weighted-average life, fixed rate (5) 0 to 13 years 6 years Weighted-average life, variable rate (5) 0 to 12 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 $ (553) Discounted cash flow, Market comparables Yield 18% to 22% 21 % Price $32 to $100 $91 Natural gas forward price $2/MMBtu to $7/MMBtu $4 /MMBtu Net derivative assets (liabilities) Credit derivatives $ (6) Discounted cash flow, Stochastic recovery correlation model Credit spreads 3 to 298 bps 63 bps Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 29% to 63% 49 % Price $0 to $99 $94 Equity derivatives $ (869) Industry standard derivative pricing (3) Equity correlation 0% to 100% 59 % Long-dated equity volatilities 1% to 87% 33 % Commodity derivatives $ (740) Discounted cash flow Natural gas forward price $2/MMBtu to $7/MMBtu $4/MMBtu Power forward price $22 to $104 $48 Interest rate derivatives $ (346) Industry standard derivative pricing (4) Correlation (IR/IR) (35)% to 70% 50 % Correlation (FX/IR) (25)% to 58% 27 % Long-dated inflation rates (1)% to 21% 3 % Long-dated inflation volatilities 0% to 5% 3 % Interest rate volatilities (1)% to 1% 0 % Total net derivative assets (liabilities) $ (1,961) (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 153: Trading account assets – Corporate securities, trading loans and other of $1.8 billion, Trading account assets – Non-U.S. sovereign debt of $344 million, Trading account assets – Mortgage trading loans, MBS and ABS of $978 million, AFS debt securities of $611 million, Other debt securities carried at fair value - Non-agency residential of $149 million, Other assets, including MSRs, of $2.0 billion, Loans and leases of $82 million and LHFS of $132 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,

Fair Value Option

Fair Value Option	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Option	Fair Value Option Loans and Loan Commitments The Corporation elects to account for certain loans and loan commitments that exceed the Corporation’s single-name credit risk concentration guidelines under the fair value option. Lending commitments are actively managed and, as appropriate, credit risk for these lending relationships may be mitigated through the use of credit derivatives, with the Corporation’s public side credit view and market perspectives determining the size and timing of the hedging activity. These credit derivatives do not meet the requirements for designation as accounting hedges and are carried at fair value. The fair value option allows the Corporation to carry these loans and loan commitments at fair value, which is more consistent with management’s view of the underlying economics and the manner in which they are managed. In addition, the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the credit derivatives at fair value. Loans Held-for-sale The Corporation elects to account for residential mortgage LHFS, commercial mortgage LHFS and certain other LHFS under the fair value option. These loans are actively managed and monitored and, as appropriate, certain market risks of the loans may be mitigated through the use of derivatives. The Corporation has elected not to designate the derivatives as qualifying accounting hedges, and therefore, they are carried at fair value. The changes in fair value of the loans are largely offset by changes in the fair value of the derivatives. The fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at the lower of cost or fair value and the derivatives at fair value. The Corporation has not elected to account for certain other LHFS under the fair value option primarily because these loans are floating-rate loans that are not hedged using derivative instruments. Loans Reported as Trading Account Assets The Corporation elects to account for certain loans that are held for the purpose of trading and are risk-managed on a fair value basis under the fair value option. Other Assets The Corporation elects to account for certain long-term fixed-rate margin loans that are hedged with derivatives under the fair value option. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the derivatives at fair value. Securities Financing Agreements The Corporation elects to account for certain securities financing agreements, including resale and repurchase agreements, under the fair value option. These elections include certain agreements collateralized by the U.S. government and its agencies, which are generally short-dated and have minimal interest rate risk. Long-term Deposits The Corporation elects to account for certain long-term fixed-rate and rate-linked deposits that are hedged with derivatives that do not qualify for hedge accounting. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the derivatives at fair value. The Corporation has not elected to carry other long-term deposits at fair value because they are not hedged using derivatives. Short-term Borrowings The Corporation elects to account for certain short-term borrowings, primarily short-term structured liabilities, under the fair value option because this debt is risk-managed on a fair value basis. The Corporation also elects to account for certain asset-backed secured financings, which are also classified in short-term borrowings, under the fair value option. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the asset-backed secured financings at historical cost and the corresponding mortgage LHFS securing these financings at fair value. Long-term Debt The Corporation elects to account for certain long-term debt, primarily structured liabilities, under the fair value option. This long-term debt is either risk-managed on a fair value basis or the related hedges do not qualify for hedge accounting. 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 December 31, 2024 and 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 2024, 2023 and 2022. Fair Value Option Elections December 31, 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 $ 144,501 $ 144,449 $ 52 $ 133,053 $ 133,001 $ 52 Loans reported as trading account assets (1) 11,615 24,461 (12,846) 8,377 15,580 (7,203) Trading inventory – other 15,369 n/a n/a 25,282 n/a n/a Consumer and commercial loans 4,249 4,292 (43) 3,569 3,618 (49) Loans held-for-sale (1) 2,214 2,824 (610) 2,059 2,873 (814) Other assets 2,732 n/a n/a 1,986 n/a n/a Long-term deposits 310 386 (76) 284 267 17 Federal funds purchased and securities loaned or sold under agreements to repurchase 192,859 192,877 (18) 178,609 178,634 (25) Short-term borrowings 6,245 6,247 (2) 4,690 4,694 (4) Unfunded loan commitments 144 n/a n/a 67 n/a n/a Accrued expenses and other liabilities 2,642 2,414 228 1,341 1,347 (6) Long-term debt 50,005 54,257 (4,252) 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 Market making Other Total (Dollars in millions) 2024 Federal funds sold and securities borrowed or purchased under agreements to resell $ 327 $ (8) $ 319 Loans reported as trading account assets (30) 40 10 Trading inventory – other (1) 2,965 — 2,965 Consumer and commercial loans 93 20 113 Loans held-for-sale (2) — (30) (30) Short-term borrowings 199 — 199 Unfunded loan commitments — (13) (13) Accrued expenses and other liabilities 378 — 378 Long-term debt (3) 582 (32) 550 Other (4) (286) (21) (307) Total $ 4,228 $ (44) $ 4,184 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ 74 $ (14) $ 60 Loans reported as trading account assets 251 — 251 Trading inventory – other (1) 5,121 — 5,121 Consumer and commercial loans (174) 67 (107) Loans held-for-sale (2) — 22 22 Short-term borrowings 7 — 7 Unfunded loan commitments (1) 39 38 Accrued expenses and other liabilities 609 — 609 Long-term debt (3) (1,143) (35) (1,178) Other (4) 19 (9) 10 Total $ 4,763 $ 70 $ 4,833 2022 Federal funds sold and securities borrowed or purchased under agreements to resell $ (153) $ 10 $ (143) Loans reported as trading account assets (164) — (164) Trading inventory – other (1) (1,159) — (1,159) Consumer and commercial loans (58) (27) (85) Loans held-for-sale (2) — (304) (304) Short-term borrowings 639 — 639 Unfunded loan commitments — 8 8 Accrued expenses and other liabilities 11 — 11 Long-term debt (3) 4,359 (46) 4,313 Other (4) 227 20 247 Total $ 3,702 $ (339) $ 3,363 (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 14 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 20 – Fair Value Measurements. (4) Includes gains (losses) on other assets, long-term deposits and federal funds purchased and securities loaned or sold under agreements to repurchase. Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option (Dollars in millions) 2024 2023 2022 Loans reported as trading account assets $ (38) $ (3) $ (950) Consumer and commercial loans 18 44 (51) Loans held-for-sale (8) (15) (23) Unfunded loan commitments (13) 39 8 Long-term debt (3) — —

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial instruments are classified within the fair value hierarchy using the methodologies described in Note 20 – Fair Value Measurements . 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 . 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. Short-term Financial Instruments The carrying value of short-term financial instruments, including cash and cash equivalents, certain time deposits placed and other short-term investments, federal funds sold and purchased, certain resale and repurchase agreements and short-term borrowings, approximates the fair value of these instruments. These financial instruments generally expose the Corporation to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that approximate market. The Corporation accounts for certain resale and repurchase agreements under the fair value option. Under the fair value hierarchy, cash and cash equivalents are classified as Level 1. Time deposits placed and other short-term investments, such as U.S. government securities and short-term commercial paper, are classified as Level 1 or Level 2. Federal funds sold and purchased are classified as Level 2. Resale and repurchase agreements are classified as Level 2 because they are generally short-dated and/or variable-rate instruments collateralized by U.S. government or agency securities. Short-term borrowings are generally classified as Level 2. 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 December 31, 2024 and 2023 are presented in the table below. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) December 31, 2024 Financial assets Loans $ 1,060,629 $ 50,971 $ 992,135 $ 1,043,106 Loans held-for-sale 9,545 6,707 2,838 9,545 Financial liabilities Deposits (1) 1,965,467 1,967,061 — 1,967,061 Long-term debt 283,279 287,098 652 287,750 Commercial unfunded lending commitments (2) 1,240 55 3,639 3,694 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 $892.9 billion and $897.3 billion with no stated maturities at December 31, 2024 and 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

Business Segment Information

Business Segment Information	12 Months Ended
	Dec. 31, 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 . The segments are managed by the Corporation’s Management Team, with certain leaders responsible for each segment and/or the lines of business supporting the segments. On a continual basis, the Management Team assesses the performance of the segments by comparing the segments’ budgeted income and expenses to their actual results. The Chief Operating Decision Maker of the segments, which is the Corporation’s CEO, is the final approver on the amount of capital to allocate to each segment. Consumer Banking Consumer Banking offers a diversified range of credit, banking and investment products and services to consumers and small businesses. Consumer Banking product offerings include traditional savings accounts, money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans to consumers and small businesses in the U.S. Consumer Banking includes the impact of servicing residential mortgages and home equity loans. Global Wealth & Investment Management GWIM provides a high-touch client experience through a network of financial advisors focused on clients with over $250,000 in total investable assets, including tailored solutions to meet clients’ needs through a full set of investment management, brokerage, banking and retirement products. GWIM also provides comprehensive wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, trust and banking needs, including specialty asset management services. Global Banking Global Banking provides a wide range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services through the Corporation’s network of offices and client relationship teams. Global Banking also provides investment banking products to clients. The economics of certain investment banking and underwriting activities are shared primarily between Global Banking and Global Markets under an internal revenue-sharing arrangement. Global Banking clients generally include middle-market companies, commercial real estate firms, not-for-profit companies, large global corporations, financial institutions, leasing clients, and mid-sized U.S.-based businesses requiring customized and integrated financial advice and solutions. Global Markets Global Markets offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity and equity businesses. Global Markets provides market-making, financing, securities clearing, settlement and custody services globally to institutional investor clients in support of their investing and trading activities. Global Markets product coverage includes securities and derivative products in both the primary and secondary markets. Global Markets also works with commercial and corporate clients to provide risk management products. As a result of market-making activities, Global Markets may be required to manage risk in a broad range of financial products. In addition, the economics of certain investment banking and underwriting activities are shared primarily between Global Markets and Global Banking under an internal revenue-sharing arrangement. All Other All Other primarily consists of ALM activities, liquidating businesses and certain expenses not otherwise allocated to a business segment. ALM activities encompass interest rate and foreign currency risk management activities for which substantially all of the results are allocated to the business segments. All Other includes income tax benefit adjustments to eliminate the FTE treatment of certain tax credits recorded in Global Banking and Global Markets . Basis of Presentation The management accounting and reporting process derives segment and business results by utilizing allocation methodologies for revenue and expense. The net income derived for the businesses is dependent upon revenue and cost allocations using an activity-based costing model, funds transfer pricing, and other methodologies and assumptions management believes are appropriate to reflect the results of the business. Total revenue, net of interest expense, includes net interest income on an FTE basis and noninterest income. The adjustment of net interest income to an FTE basis results in a corresponding increase in income tax expense. The segment results also reflect certain revenue and expense methodologies that are utilized to determine net income. The net interest income of the businesses includes the results of a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics. In segments where the total of liabilities and equity exceeds assets, which are generally deposit-taking segments, the Corporation allocates assets to match liabilities. Net interest income of the business segments also includes an allocation of net interest income generated by certain of the Corporation’s ALM activities. The Corporation’s ALM activities include an overall interest rate risk management strategy that incorporates the use of various derivatives and cash instruments to manage fluctuations in earnings and capital that are caused by interest rate volatility. The Corporation’s goal is to manage interest rate sensitivity so that movements in interest rates do not significantly adversely affect earnings and capital. The results of a majority of the Corporation’s ALM activities are allocated to the business segments and fluctuate based on the performance of the ALM activities. ALM activities include external product pricing decisions including deposit pricing strategies, the effects of the Corporation’s internal funds transfer pricing process and the net effects of other ALM activities. The segment noninterest expenses consist of the same expenses as those shown in the Consolidated Statement of Income and contain both direct expenses and certain expenses not directly attributable to a specific business segment, including indirect compensation and benefits expenses, that are allocated to the segments. The costs of certain centralized or shared functions are allocated based on methodologies that reflect utilization. The following table presents 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 2024, 2023 and 2022, and total assets at December 31, 2024 and 2023 for each business segment, as well as All Other. Results of Business Segments and All Other (1) At and for the year ended December 31 Total Corporation (2) Consumer Banking (Dollars in millions) 2024 2023 2022 2024 2023 2022 Net interest income $ 56,679 $ 57,498 $ 52,900 $ 33,078 $ 33,689 $ 30,045 Noninterest income 45,827 41,650 42,488 8,358 8,342 8,590 Total revenue, net of interest expense 102,506 99,148 95,388 41,436 42,031 38,635 Provision for credit losses 5,821 4,394 2,543 4,987 5,158 1,980 Noninterest expense Compensation and benefits (3) 40,182 38,330 36,447 6,422 6,490 6,218 Other noninterest expense 26,630 27,515 24,991 15,682 14,926 13,859 Total noninterest expense 66,812 65,845 61,438 22,104 21,416 20,077 Income before income taxes 29,873 28,909 31,407 14,345 15,457 16,578 Income tax expense 2,741 2,394 3,879 3,586 3,864 4,062 Net income $ 27,132 $ 26,515 $ 27,528 $ 10,759 $ 11,593 $ 12,516 Year-end total assets $ 3,261,519 $ 3,180,151 $ 1,034,370 $ 1,049,830 Global Wealth & Investment Management Global Banking 2024 2023 2022 2024 2023 2022 Net interest income $ 6,969 $ 7,147 $ 7,466 $ 13,235 $ 14,645 $ 12,184 Noninterest income 15,960 13,958 14,282 10,723 10,151 10,045 Total revenue, net of interest expense 22,929 21,105 21,748 23,958 24,796 22,229 Provision for credit losses 4 6 66 883 (586) 641 Noninterest expense Compensation and benefits (3) 11,126 10,120 9,922 4,327 4,134 4,092 Other noninterest expense 6,115 5,716 5,568 7,526 7,210 6,874 Total noninterest expense 17,241 15,836 15,490 11,853 11,344 10,966 Income before income taxes 5,684 5,263 6,192 11,222 14,038 10,622 Income tax expense 1,421 1,316 1,517 3,086 3,790 2,815 Net income $ 4,263 $ 3,947 $ 4,675 $ 8,136 $ 10,248 $ 7,807 Year-end total assets $ 338,367 $ 344,626 $ 670,905 $ 621,751 Global Markets All Other 2024 2023 2022 2024 2023 2022 Net interest income $ 3,375 $ 1,678 $ 3,088 $ 22 $ 339 $ 117 Noninterest income 18,437 17,849 15,050 (7,651) (8,650) (5,479) Total revenue, net of interest expense 21,812 19,527 18,138 (7,629) (8,311) (5,362) Provision for credit losses (32) (131) 28 (21) (53) (172) Noninterest expense Compensation and benefits (3) 3,550 3,428 3,210 — — — Other noninterest expense 10,376 9,778 9,210 1,688 4,043 2,485 Total noninterest expense 13,926 13,206 12,420 1,688 4,043 2,485 Income (loss) before income taxes 7,918 6,452 5,690 (9,296) (12,301) (7,675) Income tax expense (benefit) 2,296 1,774 1,508 (7,648) (8,350) (6,023) Net income (loss) $ 5,622 $ 4,678 $ 4,182 $ (1,648) $ (3,951) $ (1,652) Year-end total assets $ 876,605 $ 817,588 $ 341,272 $ 346,356 (1) Segment results are presented on an FTE basis and include additional net interest income and income tax expense, related to tax-exempt securities, of $619 million, $567 million and $438 million in 2024, 2023 and 2022, respectively, as compared to the Consolidated Statement of Income. (2) There were no material intersegment revenues. (3) Represents the compensation and benefits directly incurred by each segment. The table below presents noninterest income and the associated components for 2024, 2023 and 2022, 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 & (Dollars in millions) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Fees and commissions: Card income Interchange fees $ 4,013 $ 3,983 $ 4,096 $ 3,194 $ 3,157 $ 3,239 $ (20) $ (12) $ 20 Other card income 2,271 2,071 1,987 2,238 2,107 1,930 61 57 50 Total card income 6,284 6,054 6,083 5,432 5,264 5,169 41 45 70 Service charges Deposit-related fees 4,708 4,382 5,190 2,445 2,317 2,706 44 41 65 Lending-related fees 1,347 1,302 1,215 — — — 53 37 8 Total service charges 6,055 5,684 6,405 2,445 2,317 2,706 97 78 73 Investment and brokerage services Asset management fees 13,875 12,002 12,152 207 197 195 13,668 11,805 11,957 Brokerage fees 3,891 3,561 3,749 113 111 109 1,570 1,408 1,604 Total investment and brokerage services 17,766 15,563 15,901 320 308 304 15,238 13,213 13,561 Investment banking fees Underwriting income 3,275 2,235 1,970 — — — 246 171 189 Syndication fees 1,221 898 1,070 — — — — — — Financial advisory services 1,690 1,575 1,783 — — — — — — Total investment banking fees 6,186 4,708 4,823 — — — 246 171 189 Total fees and commissions 36,291 32,009 33,212 8,197 7,889 8,179 15,622 13,507 13,893 Market making and similar activities 12,967 12,732 12,075 21 20 10 143 137 102 Other income (loss) (3,431) (3,091) (2,799) 140 433 401 195 314 287 Total noninterest income $ 45,827 $ 41,650 $ 42,488 $ 8,358 $ 8,342 $ 8,590 $ 15,960 $ 13,958 $ 14,282 Global Banking Global Markets All Other 2024 2023 2022 2024 2023 2022 2024 2023 2022 Fees and commissions: Card income Interchange fees $ 773 $ 772 $ 767 $ 66 $ 66 $ 66 $ — $ — $ 4 Other card income 13 9 7 — — — (41) (102) — Total card income 786 781 774 66 66 66 (41) (102) 4 Service charges Deposit-related fees 2,128 1,943 2,310 88 79 101 3 2 8 Lending-related fees 1,007 1,009 983 287 256 224 — — — Total service charges 3,135 2,952 3,293 375 335 325 3 2 8 Investment and brokerage services Asset management fees — — — — — — — — — Brokerage fees 91 57 42 2,128 1,993 2,002 (11) (8) (8) Total investment and brokerage services 91 57 42 2,128 1,993 2,002 (11) (8) (8) Investment banking fees Underwriting income 1,305 922 796 1,892 1,298 1,176 (168) (156) (191) Syndication fees 644 505 565 577 393 505 — — — Financial advisory services 1,504 1,392 1,643 186 183 139 — — 1 Total investment banking fees 3,453 2,819 3,004 2,655 1,874 1,820 (168) (156) (190) Total fees and commissions 7,465 6,609 7,113 5,224 4,268 4,213 (217) (264) (186) Market making and similar activities 275 190 215 12,778 13,430 11,406 (250) (1,045) 342 Other income (loss) 2,983 3,352 2,717 435 151 (569) (7,184) (7,341) (5,635) Total noninterest income $ 10,723 $ 10,151 $ 10,045 $ 18,437 $ 17,849 $ 15,050 $ (7,651) $ (8,650) $ (5,479)

Parent Company Information

Parent Company Information	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Parent Company Information	Parent Company Information The following tables present the Parent Company-only financial information. Condensed Statement of Income (Dollars in millions) 2024 2023 2022 Income Dividends from subsidiaries: Bank holding companies and related subsidiaries $ 21,300 $ 22,384 $ 22,250 Interest from subsidiaries 21,589 21,314 12,420 Other income (loss) (1,223) (1,012) (201) Total income 41,666 42,686 34,469 Expense Interest on borrowed funds from subsidiaries 1,108 896 236 Other interest expense 14,060 14,119 7,041 Noninterest expense 1,580 1,699 1,322 Total expense 16,748 16,714 8,599 Income before income taxes and equity in undistributed earnings of subsidiaries 24,918 25,972 25,870 Income tax expense 773 838 683 Income before equity in undistributed earnings of subsidiaries 24,145 25,134 25,187 Equity in undistributed earnings (losses) of subsidiaries: Bank holding companies and related subsidiaries 2,909 1,203 2,333 Nonbank companies and related subsidiaries 78 178 8 Total equity in undistributed earnings (losses) of subsidiaries 2,987 1,381 2,341 Net income $ 27,132 $ 26,515 $ 27,528 Condensed Balance Sheet December 31 (Dollars in millions) 2024 2023 Assets Cash held at bank subsidiaries $ 4,613 $ 4,559 Securities 660 644 Receivables from subsidiaries: Bank holding companies and related subsidiaries 231,931 249,320 Banks and related subsidiaries 146 205 Nonbank companies and related subsidiaries 985 1,255 Investments in subsidiaries: Bank holding companies and related subsidiaries 310,957 306,946 Nonbank companies and related subsidiaries 3,783 3,946 Other assets 6,658 6,799 Total assets $ 559,733 $ 573,674 Liabilities and shareholders’ equity Accrued expenses and other liabilities $ 16,360 $ 14,510 Payables to subsidiaries: Banks and related subsidiaries 114 207 Bank holding companies and related subsidiaries 14 14 Nonbank companies and related subsidiaries 21,011 17,756 Long-term debt 226,675 249,541 Total liabilities 264,174 282,028 Shareholders’ equity 295,559 291,646 Total liabilities and shareholders’ equity $ 559,733 $ 573,674 Condensed Statement of Cash Flows (Dollars in millions) 2024 2023 2022 Operating activities Net income $ 27,132 $ 26,515 $ 27,528 Reconciliation of net income (loss) to net cash provided by (used in) operating activities: Equity in undistributed (earnings) losses of subsidiaries (2,987) (1,381) (2,341) Other operating activities, net 1,986 3,395 (31,777) Net cash provided by (used in) operating activities 26,131 28,529 (6,590) Investing activities Net sales (purchases) of securities (17) (15) 25 Net payments from (to) subsidiaries 16,858 (21,267) (6,044) Other investing activities, net — (43) (34) Net cash provided by (used in) investing activities 16,841 (21,325) (6,053) Financing activities Net increase in other advances 3,542 2,825 2,853 Proceeds from issuance of long-term debt 17,817 23,950 44,123 Retirement of long-term debt (36,416) (25,366) (19,858) Proceeds from issuance of preferred stock and warrants — — 4,426 Redemption of preferred stock (5,254) — (654) Common stock repurchased (13,104) (4,576) (5,073) Cash dividends paid (9,503) (9,087) (8,576) Net cash provided by (used in) financing activities (42,918) (12,254) 17,241 Net increase (decrease) in cash held at bank subsidiaries 54 (5,050) 4,598 Cash held at bank subsidiaries at January 1 4,559 9,609 5,011 Cash held at bank subsidiaries at December 31 $ 4,613 $ 4,559 $ 9,609

Performance by Geographical Are

Performance by Geographical Area	12 Months Ended
	Dec. 31, 2024
Segments, Geographical Areas [Abstract]
Performance by Geographical Area	Performance by Geographical Area The Corporation’s operations are highly integrated with operations in both U.S. and non-U.S. markets. The non-U.S. business activities are largely conducted in Europe, the Middle East and Africa and in Asia. The Corporation identifies its geographic performance based on the business unit structure used to manage the capital or expense deployed in the region as applicable. This requires certain judgments related to the allocation of revenue so that revenue can be appropriately matched with the related capital or expense deployed in the region. Certain asset, liability, income and expense amounts have been allocated to arrive at total assets, total revenue, net of interest expense, income before income taxes and net income by geographic area as presented below. (Dollars in millions) Total Assets at Year End (1) Total Revenue, Net of Interest Expense (2) Income Before Income Taxes Net Income U.S. (3) 2024 $ 2,817,345 $ 88,465 $ 25,724 $ 24,594 2023 2,768,003 85,571 24,525 23,656 2022 82,890 28,135 25,607 Asia 2024 153,489 5,184 1,616 1,176 2023 139,967 4,952 1,512 1,139 2022 4,597 1,144 865 Europe, Middle East and Africa 2024 257,695 6,499 1,069 796 2023 238,052 6,393 1,540 1,098 2022 6,044 1,121 689 Latin America and the Caribbean 2024 32,990 1,739 845 566 2023 34,129 1,665 765 622 2022 1,419 569 367 Total Non-U.S. 2024 444,174 13,422 3,530 2,538 2023 412,148 13,010 3,817 2,859 2022 12,060 2,834 1,921 Total Consolidated 2024 $ 3,261,519 $ 101,887 $ 29,254 $ 27,132 2023 3,180,151 98,581 28,342 26,515 2022 94,950 30,969 27,528 (1) Total assets include long-lived assets, which are primarily located in the U.S. (2) There were no material intercompany revenues between geographic regions for any of the periods presented. (3) Substantially reflects the U.S.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 27,132	$ 26,515	$ 27,528

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity is a key operational risk facing the Corporation. We, our employees, customers, regulators and third parties are ongoing targets of an increasing number of cybersecurity threats and cyberattacks and, accordingly, the Corporation devotes considerable resources to the establishment and maintenance of processes for assessing, identifying and managing cybersecurity risk through its global workforce and 24/7 cyber operations centers around the world. The Corporation takes a cross-functional approach to addressing cybersecurity risk, with our Global Technology, Global Risk Management, Legal and Corporate Audit functions playing key roles. In addition, the Corporation’s processes related to cybersecurity risk are an element of and integrated with the Corporation’s comprehensive risk program, including our risk framework. For more information on the Corporation’s Cybersecurity risk, see Item 1A. Risk Factors – Business Operations beginning on page 14. For more information on our approach to risk management, including our risk management governance framework, see Managing Risk on page 45. As part of the Corporation’s overall risk management program, the Corporation’s Global Information Security (GIS) Program is supported by three lines of defense. As the first line of defense, the GIS team is responsible for the day-to-day management of the GIS Program, which includes defining policies and procedures designed to safeguard the Corporation’s information systems and the information those systems collect, process, maintain, use, share, disseminate and dispose of. As the second line of defense, Global Compliance and Operational Risk independently assesses, monitors and tests cybersecurity risk across the Corporation, as well as the effectiveness of the GIS Program. As the third line of defense, Corporate Audit conducts additional independent review and validation of the first-line and second-line processes and functions. The Corporation seeks to mitigate cybersecurity risk and associated legal, financial, reputational, operational and/or regulatory risks by employing a multi-faceted GIS Program, through various policies and procedures, that are focused on governing, preparing for, identifying, preventing, detecting, mitigating, responding to and recovering from cybersecurity threats and incidents suffered by the Corporation and its third-party service providers, as well as effectively operating the Corporation’s processes. Our business continuity policies and procedures are designed to maintain the availability of business functions and enable impacted units within the Corporation and its third-party service providers to achieve strategic objectives in the event of a cybersecurity incident. In accordance with the Corporation’s cyber incident response framework, GIS, including its incident response team, tracks, documents, responds to and analyzes cybersecurity threats and cybersecurity incidents, including those experienced by the Corporation’s third-party service providers that may impact the Corporation. Additionally, the Corporation has a process for assembling multi-stakeholder executive response teams to monitor and coordinate cross-functional responses to certain cybersecurity incidents. As part of the GIS Program, the Corporation leverages both internal and external assessments and industry partnerships. The Corporation engages third-party assessors, consultants, auditors and other third-party professionals to evaluate and test its cybersecurity program and provide guidance on operating and improving the GIS Program, including the design and operational effectiveness of the security and resiliency of our information systems. The Corporation focuses on and has processes to oversee cybersecurity risk associated with its third-party service providers. As part of its cybersecurity risk management processes, the Corporation maintains an enterprise-wide program that defines standards for the planning, sourcing, management, and oversight of third-party relationships and third-party access to its information system, facilities, and/or confidential or proprietary data. The Corporation has established security requirements applicable to third-party service providers, and where permitted by contract, cybersecurity diligence is conducted to assess the alignment of third-party service providers’ cybersecurity programs with the Corporation’s cybersecurity requirements. While we and our third parties have experienced cybersecurity incidents, as well as adverse impacts from such incidents, we have not experienced material losses or other material consequences relating to cybersecurity incidents experienced by us or our third parties. However, we expect to continue to experience cybersecurity incidents resulting in adverse impacts with increased frequency and severity due to the evolving threat environment including the increasing use of AI, such as generative AI and machine learning, for cybersecurity threat and cyberattack purposes, and there can be no assurance that future cybersecurity incidents, including incidents experienced by our third parties, will not have a material adverse impact on the Corporation, including its business strategy, results of operations and/or financial condition.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Cybersecurity is a key operational risk facing the Corporation. We, our employees, customers, regulators and third parties are ongoing targets of an increasing number of cybersecurity threats and cyberattacks and, accordingly, the Corporation devotes considerable resources to the establishment and maintenance of processes for assessing, identifying and managing cybersecurity risk through its global workforce and 24/7 cyber operations centers around the world. The Corporation takes a cross-functional approach to addressing cybersecurity risk, with our Global Technology, Global Risk Management, Legal and Corporate Audit functions playing key roles. In addition, the Corporation’s processes related to cybersecurity risk are an element of and integrated with the Corporation’s comprehensive risk program, including our risk framework. For more information on the Corporation’s Cybersecurity risk, see Item 1A. Risk Factors – Business Operations beginning on page 14. For more information on our approach to risk management, including our risk management governance framework, see Managing Risk on page 45. As part of the Corporation’s overall risk management program, the Corporation’s Global Information Security (GIS) Program is supported by three lines of defense. As the first line of defense, the GIS team is responsible for the day-to-day management of the GIS Program, which includes defining policies and procedures designed to safeguard the Corporation’s information systems and the information those systems collect, process, maintain, use, share, disseminate and dispose of. As the second line of defense, Global Compliance and Operational Risk independently assesses, monitors and tests cybersecurity risk across the Corporation, as well as the effectiveness of the GIS Program. As the third line of defense, Corporate Audit conducts additional independent review and validation of the first-line and second-line processes and functions. The Corporation seeks to mitigate cybersecurity risk and associated legal, financial, reputational, operational and/or regulatory risks by employing a multi-faceted GIS Program, through various policies and procedures, that are focused on governing, preparing for, identifying, preventing, detecting, mitigating, responding to and recovering from cybersecurity threats and incidents suffered by the Corporation and its third-party service providers, as well as effectively operating the Corporation’s processes. Our business continuity policies and procedures are designed to maintain the availability of business functions and enable impacted units within the Corporation and its third-party service providers to achieve strategic objectives in the event of a cybersecurity incident. In accordance with the Corporation’s cyber incident response framework, GIS, including its incident response team, tracks, documents, responds to and analyzes cybersecurity threats and cybersecurity incidents, including those experienced by the Corporation’s third-party service providers that may impact the Corporation. Additionally, the Corporation has a process for assembling multi-stakeholder executive response teams to monitor and coordinate cross-functional responses to certain cybersecurity incidents.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Through established governance structures, the Corporation has policies and procedures to help facilitate oversight of cybersecurity risk. In accordance with these policies and procedures, the Corporation’s three lines of defense, and management, strive to prepare for, identify, prevent, detect, mitigate, respond to and recover from cybersecurity threats and incidents, monitor performance, and escalate to executive management, the committees of the Corporation’s Board and/or to the Board, as appropriate. Additionally, GIS reports cybersecurity incidents that meet certain criteria to the Legal Department for evaluation of materiality and potential escalation and disclosure, which includes the consideration of relevant quantitative and qualitative factors. The Board is actively engaged in the oversight of the GIS Program and devotes time and attention to the oversight and mitigation of cybersecurity risk. The Board, which includes members with technology and cybersecurity experience, oversees management’s approach to staffing and the policies and procedures to address cybersecurity risk. The Board and its ERC, which is responsible for reviewing cybersecurity risk, each receive regular presentations, memoranda and reports from our Chief Technology and Information Officer (CTIO) and our Chief Information Security Officer (CISO) on internal and external cybersecurity developments, threats and risks.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board and its ERC, which is responsible for reviewing cybersecurity risk, each receive regular presentations, memoranda and reports from our Chief Technology and Information Officer (CTIO) and our Chief Information Security Officer (CISO) on internal and external cybersecurity developments, threats and risks.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board and its ERC, which is responsible for reviewing cybersecurity risk, each receive regular presentations, memoranda and reports from our Chief Technology and Information Officer (CTIO) and our Chief Information Security Officer (CISO) on internal and external cybersecurity developments, threats and risks. The Board receives prompt and timely information from management on cybersecurity incidents, including cybersecurity incidents experienced by the Corporation’s third-party service providers, that may pose significant risk to the Corporation, and continues to receive regular reports on any such incidents until their conclusion. Additionally, the Board receives quarterly reports on the performance metrics for the GIS Program and the performance of the Corporation’s cybersecurity risk appetite metrics, including metrics on vulnerabilities and third-party cybersecurity risks and incidents, and is notified promptly if a Board-level cybersecurity risk limit is breached. Our ERC also annually reviews and approves our GIS Program and our Information Security Policy, which establish administrative, technical, and physical safeguards designed to protect the security, confidentiality, availability and integrity of customer records and information in accordance with the Gramm-Leach-Bliley Act and the interagency guidelines issued thereunder, and applicable laws globally.
Cybersecurity Risk Role of Management [Text Block]	The Board and its ERC, which is responsible for reviewing cybersecurity risk, each receive regular presentations, memoranda and reports from our Chief Technology and Information Officer (CTIO) and our Chief Information Security Officer (CISO) on internal and external cybersecurity developments, threats and risks. The Board receives prompt and timely information from management on cybersecurity incidents, including cybersecurity incidents experienced by the Corporation’s third-party service providers, that may pose significant risk to the Corporation, and continues to receive regular reports on any such incidents until their conclusion. Additionally, the Board receives quarterly reports on the performance metrics for the GIS Program and the performance of the Corporation’s cybersecurity risk appetite metrics, including metrics on vulnerabilities and third-party cybersecurity risks and incidents, and is notified promptly if a Board-level cybersecurity risk limit is breached. Our ERC also annually reviews and approves our GIS Program and our Information Security Policy, which establish administrative, technical, and physical safeguards designed to protect the security, confidentiality, availability and integrity of customer records and information in accordance with the Gramm-Leach-Bliley Act and the interagency guidelines issued thereunder, and applicable laws globally. Under the Board’s oversight, management works closely with key stakeholders, including regulators, government agencies, law enforcement, peer institutions and industry groups, and develops and invests in talent and innovative technology in order to better manage cybersecurity risk.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Board and its ERC, which is responsible for reviewing cybersecurity risk, each receive regular presentations, memoranda and reports from our Chief Technology and Information Officer (CTIO) and our Chief Information Security Officer (CISO) on internal and external cybersecurity developments, threats and risks.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our most senior cybersecurity employees are the CTIO and CISO, who are primarily responsible for managing and assessing cybersecurity risk. The CISO oversees a team of more than 3,400 information security professionals spanning the globe. The CISO and the GIS senior leadership team have deep cybersecurity expertise, with over 200 years of collective experience working in the cybersecurity field, at the Corporation, in government, and other companies in various industries. Additionally, certain members of the GIS leadership team hold leadership roles in sector-specific information and infrastructure security organizations, including the Financial Services Information Sharing and Analysis Center and the Financial Services Sector Coordinating Council. Employees across the Corporation also play a role in protecting the Corporation from cybersecurity threats and receive periodic training and education on cybersecurity-related topics.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Board and its ERC, which is responsible for reviewing cybersecurity risk, each receive regular presentations, memoranda and reports from our Chief Technology and Information Officer (CTIO) and our Chief Information Security Officer (CISO) on internal and external cybersecurity developments, threats and risks. The Board receives prompt and timely information from management on cybersecurity incidents, including cybersecurity incidents experienced by the Corporation’s third-party service providers, that may pose significant risk to the Corporation, and continues to receive regular reports on any such incidents until their conclusion. Additionally, the Board receives quarterly reports on the performance metrics for the GIS Program and the performance of the Corporation’s cybersecurity risk appetite metrics, including metrics on vulnerabilities and third-party cybersecurity risks and incidents, and is notified promptly if a Board-level cybersecurity risk limit is breached. Our ERC also annually reviews and approves our GIS Program and our Information Security Policy, which establish administrative, technical, and physical safeguards designed to protect the security, confidentiality, availability and integrity of customer records and information in accordance with the Gramm-Leach-Bliley Act and the interagency guidelines issued thereunder, and applicable laws globally. Under the Board’s oversight, management works closely with key stakeholders, including regulators, government agencies, law enforcement, peer institutions and industry groups, and develops and invests in talent and innovative technology in order to better manage cybersecurity risk.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Principles (Policies)	12 Months Ended
	Dec. 31, 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.
New Accounting Standard Adopted	Segment Reporting
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, cash segregated under federal and other brokerage regulations, and amounts due from correspondent banks, the Federal Reserve Bank and certain non-U.S. central banks. Certain cash balances are restricted as to withdrawal or usage by legally binding contractual agreements or regulatory requirements.
Securities Financing Agreements	Securities Financing Agreements Securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase (securities financing agreements) are treated as collateralized financing transactions except in instances where the transaction is required to be accounted for as individual sale and purchase transactions. Generally, these agreements are recorded at acquisition or sale price plus accrued interest. In instances where the interest is negative, the Corporation’s policy is to present negative interest on financial assets as interest income and negative interest on financial liabilities as interest expense. For securities financing agreements that are accounted for under the fair value option, the changes in the fair value of these securities financing agreements are recorded in market making and similar activities in the Consolidated Statement of Income. The Corporation’s policy is to monitor the market value of the principal amount loaned under resale agreements and obtain collateral from or return collateral pledged to counterparties when appropriate. Securities financing agreements do not create material credit risk due to these collateral provisions; therefore, any allowance for loan losses is insignificant. In transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged or sold as collateral, it recognizes an asset on the Consolidated Balance Sheet at fair value, representing the securities received, and a liability, representing the obligation to return those securities.
Trading Instruments	Trading Instruments Financial instruments utilized in trading activities are carried at fair value. Fair value is generally based on quoted market prices for the same or similar assets and liabilities. If these market prices are not available, fair values are estimated based on dealer quotes, pricing models, discounted cash flow methodologies, or similar techniques where the determination of fair value may require significant management judgment or estimation. Realized gains and losses are recorded on a trade-date basis. Realized and unrealized gains and losses are recognized in market making and similar activities.
Derivatives and Hedging Activities, Trading Derivatives and Other Risk Management Activities, and Derivatives Used For Hedge Accounting Purposes (Accounting Hedges)	Derivatives and Hedging Activities 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 are both designated in qualifying accounting hedge relationships and derivatives used to hedge market risks in relationships that are not designated in qualifying accounting hedge relationships (referred to as other risk management activities). The Corporation manages interest rate and foreign currency exchange rate sensitivity predominantly through the use of derivatives. Derivatives utilized by the Corporation include swaps, futures and forward settlement contracts, and option contracts. All derivatives are recorded on the Consolidated Balance Sheet at fair value, taking into consideration the effects of legally enforceable master netting agreements that allow the Corporation to settle positive and negative positions and offset cash collateral held with the same counterparty on a net basis. For exchange-traded contracts, fair value is based on quoted market prices in active or inactive markets or is derived from observable market-based pricing parameters, similar to those applied to over-the-counter (OTC) derivatives. For non-exchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. Valuations of derivative assets and liabilities reflect the fair value of the instrument including counterparty credit risk and the Corporation’s own credit standing, as applicable. Trading Derivatives and Other Risk Management Activities Derivatives held for trading purposes are included in derivative assets or derivative liabilities on the Consolidated Balance Sheet with changes in fair value included in market making and similar activities. Derivatives used for other risk management activities are included in derivative assets or derivative liabilities. Derivatives used in other risk management activities have not been designated in qualifying accounting hedge relationships because they did not qualify or the risk that is being mitigated pertains to an item that is reported at fair value through earnings so that the effect of measuring the derivative instrument and the asset or liability to which the risk exposure pertains will offset in the Consolidated Statement of Income to the extent effective. The changes in the fair value of derivatives that serve to mitigate certain risks associated with mortgage servicing rights (MSRs), interest rate lock commitments (IRLCs) and first-lien mortgage loans held-for-sale (LHFS) that are originated by the Corporation are recorded in other income. Changes in the fair value of derivatives that serve to mitigate interest rate risk and foreign currency risk are included in market making and similar activities. Credit derivatives are also used by the Corporation to mitigate the risk associated with various credit exposures. The changes in the fair value of these derivatives are included in market making and similar activities and other income. Derivatives Used For Hedge Accounting Purposes (Accounting Hedges) For accounting hedges, the Corporation formally documents at inception all relationships between hedging instruments and hedged items, as well as the risk management objectives and strategies for undertaking various accounting hedges. The Corporation primarily uses regression analysis at the inception of a hedge and for each reporting period thereafter to assess whether the derivative used in an accounting hedge transaction is expected to be and has been highly effective in offsetting changes in the fair value or cash flows of a hedged item or forecasted transaction. The Corporation discontinues hedge accounting when it is determined that a derivative is not expected to be or has ceased to be highly effective as a hedge. Additionally, the Corporation may choose to discontinue a hedge relationship at any time. Fair value hedges are used to protect against changes in the fair value of the Corporation’s assets and liabilities that are attributable to interest rate or foreign exchange volatility. Changes in the fair value of derivatives designated as fair value hedges are recorded in earnings, together and in the same income statement line item with changes in the fair value of the related hedged item. If a derivative instrument in a fair value hedge is terminated or the hedge designation removed, the previous adjustments to the carrying value of the hedged asset or liability are subsequently accounted for in the same manner as other components of the carrying value of that asset or liability. For interest-earning assets and interest-bearing liabilities, such adjustments are amortized to earnings over the remaining life of the respective asset or liability. Cash flow hedges are used primarily to minimize the variability in cash flows of assets and liabilities or forecasted transactions caused by interest rate or foreign exchange rate fluctuations. The Corporation also uses cash flow hedges to hedge the price risk associated with deferred compensation. Changes in the fair value of derivatives used in cash flow hedges are recorded in accumulated other comprehensive income (OCI) and are reclassified into the line item in the income statement in which the hedged item is recorded in the same period the hedged item affects earnings. Components of a derivative that are excluded in assessing hedge effectiveness are recorded in the same income statement line item as the hedged item. Net investment hedges are used to manage the foreign exchange rate sensitivity arising from a net investment in a foreign operation. Changes in the spot prices of derivatives that are designated as net investment hedges of foreign operations are recorded as a component of accumulated OCI. The remaining components of these derivatives are excluded in assessing hedge effectiveness and are recorded in market making and similar activities.
Securities	Securities Debt securities are reported on the Consolidated Balance Sheet at their trade date. Their classification is dependent on the purpose for which the securities were acquired. Debt securities purchased for use in the Corporation’s trading activities are reported in trading account assets at fair value with unrealized gains and losses included in market making and similar activities. Substantially all other debt securities purchased are used in the Corporation’s asset and liability management (ALM) activities and are reported on the Consolidated Balance Sheet as either debt securities carried at fair value or as held-to-maturity (HTM) debt securities. Debt securities carried at fair value are either available-for-sale (AFS) securities with unrealized gains and losses net-of-tax included in accumulated OCI or carried at fair value with unrealized gains and losses reported in market making and similar activities. HTM debt securities are debt securities that management has the intent and ability to hold to maturity and are reported at amortized cost. If more than 85 percent of the principal has been collected on level-payment mortgage-backed HTM debt securities since their acquisition, the debt securities, if disposed, are treated as matured for classification purposes. The Corporation evaluates each AFS security where the value has declined below amortized cost. If the Corporation intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. For AFS debt securities the Corporation intends to hold, the Corporation evaluates the debt securities for ECL, except for debt securities that are guaranteed by the U.S. Treasury, U.S. government agencies or sovereign entities of high credit quality where the Corporation applies a zero credit loss assumption. For the remaining AFS debt securities, the Corporation considers qualitative parameters such as internal and external credit ratings and the value of underlying collateral. If an AFS debt security fails any of the qualitative parameters, a discounted cash flow analysis is used by the Corporation to determine if a portion of the unrealized loss is a result of an ECL. The Corporation will then recognize either credit loss expense or a reversal of credit loss expense in other income for the amount necessary to adjust the debt securities valuation allowance to its current estimate of expected credit losses. Cash flows expected to be collected are estimated using all relevant information available such as remaining payment terms, prepayment speeds, the financial condition of the issuer, expected defaults and the value of the underlying collateral. If any of the decline in fair value is related to market factors, that amount is recognized in accumulated OCI. In certain instances, the credit loss may exceed the total decline in fair value, in which case, the allowance recorded is limited to the difference between the amortized cost and the fair value of the asset. The Corporation separately evaluates its HTM debt securities for any credit losses, of which substantially all qualify for the zero loss assumption. For the remaining securities, the Corporation performs a discounted cash flow analysis to estimate any credit losses which are then recognized as part of the allowance for credit losses. Interest on debt securities, including amortization of premiums and accretion of discounts, is included in interest income. Premiums and discounts are amortized or accreted to interest income at a constant effective yield over the contractual lives of the securities. Realized gains and losses from the sales or dispositions of debt securities are determined using the specific identification method. Equity securities with readily determinable fair values that are not held for trading purposes are carried at fair value with unrealized gains and losses included in other income. Equity securities that do not have readily determinable fair values are recorded at cost less impairment, if any, plus or minus qualifying observable price changes. These securities are reported in other assets.
Loans and Leases	Loans and Leases Loans, with the exception of loans accounted for under the fair value option, are reported at their outstanding principal balances net of any unearned income, charge-offs, unamortized deferred fees and costs on originated loans, and for purchased loans, net of any unamortized premiums or discounts. Loan origination fees and certain direct origination costs are deferred and recognized as adjustments to interest income over the lives of the related loans. Unearned income, discounts and premiums are amortized to interest income using a constant effective yield methodology. The Corporation elects to account for certain consumer and commercial loans under the fair value option with interest reported in interest income and changes in fair value reported in market making and similar activities or other income. Under applicable accounting guidance, for reporting purposes, the loan and lease portfolio is categorized by portfolio segment and, within each portfolio segment, by class of financing receivable. A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine the allowance for credit losses, and a class of financing receivable is defined as the level of disaggregation of portfolio segments based on the initial measurement attribute, risk characteristics and methods for assessing risk. The Corporation’s three portfolio segments are Consumer Real Estate, Credit Card and Other Consumer, and Commercial. The classes within the Consumer Real Estate portfolio segment are residential mortgage and home equity. The classes within the Credit Card and Other Consumer portfolio segment are credit card, direct/indirect consumer and other consumer. The classes within the Commercial portfolio segment are U.S. commercial, non-U.S. commercial, commercial real estate, commercial lease financing and U.S. small business commercial. Leases The Corporation provides equipment financing to its customers through a variety of lessor arrangements. Direct financing leases and sales-type leases are carried at the aggregate of lease payments receivable plus the estimated residual value of the leased property less unearned income, which is accreted to interest income over the lease terms using methods that approximate the interest method. Operating lease income is recognized on a straight-line basis. The Corporation's lease arrangements generally do not contain non-lease components.
Allowance for Credit Losses, Nonperforming Loans and Leases, Charge-offs and Delinquencies	Allowance for Credit Losses The ECL on funded consumer and commercial loans and leases is referred to as the allowance for loan and lease losses and is reported separately as a contra-asset to loans and leases on the Consolidated Balance Sheet. The ECL for unfunded lending commitments, including home equity lines of credit (HELOCs), standby letters of credit (SBLCs) and binding unfunded loan commitments is reported on the Consolidated Balance Sheet in accrued expenses and other liabilities. The provision for credit losses related to the loan and lease portfolio and unfunded lending commitments is reported in the Consolidated Statement of Income at the amount necessary to adjust the allowance for credit losses to the current estimate of ECL. For loans and leases, the ECL is typically estimated using quantitative methods that consider a variety of factors such as historical loss experience, the current credit quality of the portfolio as well as an economic outlook over the life of the loan. The life of the loan for closed-ended products is based on the contractual maturity of the loan adjusted for any expected prepayments. The contractual maturity includes any extension options that are at the sole discretion of the borrower. For open- ended products (e.g., lines of credit), the ECL is determined based on the maximum repayment term associated with future draws from credit lines unless those lines of credit are unconditionally cancellable (e.g., credit cards) in which case the Corporation does not record any allowance. In its loss forecasting framework, the Corporation incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, unemployment rates, real estate prices, gross domestic product levels and corporate bond spreads. As any one economic outlook is inherently uncertain, the Corporation leverages multiple scenarios. The scenarios that are chosen each quarter and the weighting given to each scenario depend on a variety of factors including recent economic events, leading economic indicators, views of internal and third-party economists and industry trends. The estimate of credit losses includes expected recoveries of amounts previously charged off (i.e., negative allowance). If a loan has been charged off, the expected cash flows on the loan are not limited by the current amortized cost balance. Instead, expected cash flows can be assumed up to the unpaid principal balance immediately prior to the charge-off. Included in the allowance for loan and lease losses are qualitative reserves to cover losses that are expected but, in the Corporation's assessment, may not be adequately reflected in the quantitative methods or the economic assumptions described above. For example, factors that the Corporation considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and nonaccrual loans, the effect of external factors such as competition, and legal and regulatory requirements, among others. Further, the Corporation considers the inherent uncertainty in quantitative models that are built on historical data. With the exception of the Corporation's credit card portfolio, the Corporation does not include reserves for interest receivable in the measurement of the allowance for credit losses as the Corporation generally classifies consumer loans as nonperforming at 90 days past due and reverses interest income for these loans at that time. For credit card loans, the Corporation reserves for interest and fees as part of the allowance for loan and lease losses. Upon charge-off of a credit card loan, the Corporation reverses the interest and fee income against the income statement line item where it was originally recorded. The Corporation has identified the following three portfolio segments and measures the allowance for credit losses using the following methods. Consumer Real Estate To estimate ECL for consumer loans secured by residential real estate, the Corporation estimates the number of loans that will default over the life of the existing portfolio, after factoring in estimated prepayments, using quantitative modeling methodologies. The attributes that are most significant in estimating the Corporation’s ECL include refreshed loan-to-value (LTV) or, in the case of a subordinated lien, refreshed combined LTV (CLTV), borrower credit score, months since origination and geography, all of which are further broken down by present collection status (whether the loan is current, delinquent, in default, or in bankruptcy). The estimates are based on the Corporation’s historical experience with the loan portfolio, adjusted to reflect the economic outlook. The outlook on the unemployment rate and consumer real estate prices are key factors that impact the frequency and severity of loss estimates. The Corporation does not reserve for credit losses on the unpaid principal balance of loans insured by the Federal Housing Administration (FHA) and long-term standby loans, as these loans are fully insured. The Corporation records a reserve for unfunded lending commitments for the ECL associated with the undrawn portion of the Corporation’s HELOCs, which can only be canceled by the Corporation if certain criteria are met. The ECL associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. For loans that are more than 180 days past due, the Corporation bases the allowance on the estimated fair value of the underlying collateral as of the reporting date less costs to sell. The fair value of the collateral securing these loans is generally determined using an automated valuation model (AVM) that estimates the value of a property by reference to market data including sales of comparable properties and price trends specific to the Metropolitan Statistical Area in which the property being valued is located. In the event that an AVM value is not available, the Corporation utilizes publicized indices or if these methods provide less reliable valuations, the Corporation uses appraisals or broker price opinions to estimate the fair value of the collateral. While there is inherent imprecision in these valuations, the Corporation believes that they are representative of this portfolio in the aggregate. For loans that are more than 180 days past due, with the exception of the Corporation’s fully insured portfolio, the outstanding balance of loans that is in excess of the estimated property value after adjusting for costs to sell is charged off. If the estimated property value decreases in periods subsequent to the initial charge-off, the Corporation will record an additional charge-off; however, if the value increases in periods subsequent to the charge-off, the Corporation will adjust the allowance to account for the increase but not to a level above the cumulative charge-off amount. Credit Cards and Other Consumer Credit cards are revolving lines of credit without a defined maturity date. The estimated life of a credit card receivable is determined by estimating the amount and timing of expected future payments (e.g., borrowers making full payments, minimum payments or somewhere in between) that it will take for a receivable balance to pay off. The ECL on the future payments incorporates the spending behavior of a borrower through time using key borrower-specific factors and the economic outlook described above. The Corporation applies all expected payments in accordance with the Credit Card Accountability Responsibility and Disclosure Act of 2009 (i.e., paying down the highest interest rate bucket first). Then forecasted future payments are prioritized to pay off the oldest balance until it is brought to zero or an expected charge-off amount. Unemployment rate outlook, borrower credit score, delinquency status and historical payment behavior are all key inputs into the credit card receivable loss forecasting model. Future draws on the credit card lines are excluded from the ECL as they are unconditionally cancellable. The ECL for the consumer vehicle lending portfolio is also determined using quantitative methods supplemented with qualitative analysis. The quantitative model estimates ECL giving consideration to key borrower and loan characteristics such as delinquency status, borrower credit score, LTV ratio, underlying collateral type and collateral value. Commercial The ECL on commercial loans is forecasted using models that estimate credit losses over the loan’s contractual life at an individual loan level. The models use the contractual terms to forecast future principal cash flows while also considering expected prepayments. For open-ended commitments such as revolving lines of credit, changes in funded balance are captured by forecasting a borrower’s draw and payment behavior over the remaining life of the commitment. For loans collateralized with commercial real estate and for which the underlying asset is the primary source of repayment, the loss forecasting models consider key loan and customer attributes such as LTV ratio, net operating income and debt service coverage, and captures variations in behavior according to property type and region. The outlook on the unemployment rate, gross domestic product, and forecasted real estate prices are utilized to determine indicators such as rent levels and vacancy rates, which impact the ECL estimate. For all other commercial loans and leases, the loss forecasting model determines the probabilities of transition to different credit risk ratings or default at each point over the life of the asset based on the borrower’s current credit risk rating, industry sector, size of the exposure and the geographic market. The severity of loss is determined based on the type of collateral securing the exposure, the size of the exposure, the borrower’s industry sector, any guarantors and the geographic market. Assumptions of expected loss are conditioned to the economic outlook, and the model considers key economic variables such as unemployment rate, gross domestic product, corporate bond spreads, real estate and other asset prices and equity market returns. In addition to the allowance for loan and lease losses, the Corporation also estimates ECL related to unfunded lending commitments such as letters of credit, financial guarantees, unfunded bankers acceptances and binding loan commitments, excluding commitments accounted for under the fair value option. Reserves are estimated for the unfunded exposure using the same models and methodologies as the funded exposure and are reported as reserves for unfunded lending commitments. Nonperforming Loans and Leases, Charge-offs and Delinquencies Nonperforming loans and leases generally include loans and leases that have been placed on nonaccrual status. Loans accounted for under the fair value option and LHFS are not reported as nonperforming. When a nonaccrual loan is deemed uncollectible, it is charged off against the allowance for credit losses. If the charged-off amount is later recovered, the amount is reversed through the allowance for credit losses at the recovery date. Charge-offs are reported net of recoveries (net charge-offs). If recoveries for the period are greater than charge- offs, net charge-offs are reported as a negative amount. In accordance with the Corporation’s policies, consumer real estate-secured loans, including residential mortgages and home equity loans, are generally placed on nonaccrual status and classified as nonperforming at 90 days past due unless repayment of the loan is insured by the FHA or through individually insured long-term standby agreements with Fannie Mae (FNMA) or Freddie Mac (FHLMC) (the fully-insured portfolio). Residential mortgage loans in the fully-insured portfolio are not placed on nonaccrual status and, therefore, are not reported as nonperforming. Junior-lien home equity loans are placed on nonaccrual status and classified as nonperforming when the underlying first-lien mortgage loan becomes 90 days past due even if the junior-lien loan is current. The outstanding balance of real estate-secured loans that is in excess of the estimated property value less costs to sell is charged off no later than the end of the month in which the loan becomes 180 days past due unless the loan is fully insured, or for loans in bankruptcy, within 60 days of receipt of notification of filing, with the remaining balance classified as nonperforming. Credit card and other unsecured consumer loans are charged off when the loan becomes 180 days past due, within 60 days after receipt of notification of death or bankruptcy or upon confirmation of fraud. These loans continue to accrue interest until they are charged off and, therefore, are not reported as nonperforming loans. Consumer vehicle loans are placed on nonaccrual status when they become 90 days past due, within 60 days after receipt of notification of bankruptcy or death or upon confirmation of fraud, unless the borrower’s performance indicates that repayment is likely to occur. These loans are charged off to the estimated fair value of the collateral less expected disposal costs when the loans become 120 days past due, upon repossession of the collateral, within 60 days after receipt of notification of bankruptcy or death or upon confirmation of fraud, and when the borrower’s ability to pay cannot be validated. If repossession of the collateral is not expected, the loans are fully charged off. Commercial loans and leases, excluding business card loans, that are past due 90 days or more as to principal or interest, or where reasonable doubt exists as to timely collection, including loans that are individually identified as being impaired, are generally placed on nonaccrual status and classified as nonperforming unless well-secured and in the process of collection. Business card loans are charged off in the same manner as consumer credit card loans. Other commercial loans and leases are generally charged off when all or a portion of the principal amount is determined to be uncollectible. The entire balance of a consumer loan or commercial loan or lease is contractually delinquent if the minimum payment is not received by the specified due date on the customer’s billing statement. Interest and fees continue to accrue on past due loans and leases until the date the loan is placed on nonaccrual status, if applicable. Accrued interest receivable is reversed when loans and leases are placed on nonaccrual status. Interest collections on nonaccruing loans and leases for which the ultimate collectability of principal is uncertain are applied as principal reductions; otherwise, such collections are credited to income when received. Loans and leases may be restored to accrual status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected.
Loans Held-for-sale	Loans Held-for-sale Loans that the Corporation intends to sell in the foreseeable future, including residential mortgages, loan syndications, and to a lesser degree, commercial real estate, consumer finance and other loans, are reported as LHFS and are carried at the lower of aggregate cost or fair value. The Corporation accounts for certain LHFS, including residential mortgage LHFS, under the fair value option. Loan origination costs for LHFS carried at the lower of cost or fair value are capitalized as part of the carrying value of the loans and, upon the sale of a loan, are recognized as part of the gain or loss in noninterest income. LHFS that are on nonaccrual status and are reported as nonperforming, as defined in the policy herein, are reported separately from nonperforming loans and leases.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation and amortization are recognized using the straight-line method over the estimated useful lives of the assets. Estimated lives range up to 40 years for buildings, up to 12 years for furniture and equipment, and the shorter of lease term or estimated useful life for leasehold improvements.
Other Assets	Other Assets For the Corporation’s financial assets that are measured at amortized cost and are not included in debt securities or loans and leases on the Consolidated Balance Sheet, the Corporation evaluates these assets for ECL using various techniques. For assets that are subject to collateral maintenance provisions, including federal funds sold and securities borrowed or purchased under agreements to resell, where the collateral consists of daily margining of liquid and marketable assets where the margining is expected to be maintained into the foreseeable future, the expected losses are assumed to be zero. For all other assets, the Corporation performs qualitative analyses, including consideration of historical losses and current economic conditions, to estimate any ECL which are then included in a valuation account that is recorded as a contra-asset against the amortized cost basis of the financial asset.
Lessee Arrangements	Lessee Arrangements Substantially all of the Corporation’s lessee arrangements are operating leases. Under these arrangements, the Corporation records right-of-use assets and lease liabilities at lease commencement. Right-of-use assets are reported in other assets accrued expenses and other liabilities lease term and is recorded in occupancy and equipment expense in the Consolidated Statement of Income. The Corporation made an accounting policy election not to separate lease and non-lease components of a contract that is or contains a lease for its real estate and equipment leases. As such, lease payments represent payments on both lease and non-lease components. At lease commencement, lease liabilities are recognized based on the present value of the remaining lease payments and discounted using the Corporation’s incremental borrowing rate. Right-of-use assets initially equal the lease liability, adjusted for any lease payments made prior to lease commencement and for any lease incentives.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. Goodwill is not amortized but is reviewed for potential impairment on an annual basis, or when events or circumstances indicate a potential impairment, at the reporting unit level. A reporting unit is a business segment or one level below a business segment. The Corporation assesses the fair value of each reporting unit against its carrying value, including goodwill, as measured by allocated equity. For purposes of goodwill impairment testing, the Corporation utilizes allocated equity as a proxy for the carrying value of its reporting units. Allocated equity in the reporting units is comprised of allocated capital plus capital for the portion of goodwill and intangibles specifically assigned to the reporting unit. In performing its goodwill impairment testing, the Corporation first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. Qualitative factors include, among other things, macroeconomic conditions, industry and market considerations, financial performance of the respective reporting unit and other relevant entity- and reporting-unit specific considerations. If the Corporation concludes it is more likely than not that the fair value of a reporting unit is less than its carrying value, a quantitative assessment is performed. The Corporation has an unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. The Corporation may resume performing the qualitative assessment in any subsequent period. When performing the quantitative assessment, if the fair value of the reporting unit exceeds its carrying value, goodwill of the reporting unit would not be considered impaired. If the carrying value of the reporting unit exceeds its fair value, a goodwill impairment loss would be recognized for the amount by which the reporting unit’s allocated equity exceeds its fair value. An impairment loss recognized cannot exceed the amount of goodwill assigned to a reporting unit. An impairment loss establishes a new basis in the goodwill, and subsequent reversals of goodwill impairment losses are not permitted under applicable accounting guidance. For intangible assets subject to amortization, an impairment loss is recognized if the carrying value of the intangible asset is not recoverable and exceeds fair value. The carrying value of the intangible asset is considered not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use of the asset. Intangible assets deemed to have indefinite useful lives are not subject to amortization and are assessed for impairment when events or circumstances indicate the carrying value of the intangible asset exceeds its fair value.
Variable Interest Entities	Variable Interest Entities A VIE is an entity that lacks equity investors or whose equity investors do not have a controlling financial interest in the entity through their equity investments. The Corporation consolidates a VIE if it has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. On a quarterly basis, the Corporation reassesses its involvement with the VIE and evaluates the impact of changes in governing documents and its financial interests in the VIE. The consolidation status of the VIEs with which the Corporation is involved may change as a result of such reassessments. The Corporation primarily uses VIEs for its securitization activities, in which the Corporation transfers whole loans or debt securities into a trust or other vehicle. When the Corporation is the servicer of whole loans held in a securitization trust, including non-agency residential mortgages, home equity loans, credit cards, and other loans, the Corporation has the power to direct the most significant activities of the trust. The Corporation generally does not have the power to direct the most significant activities of a residential mortgage agency trust except in certain circumstances in which the Corporation holds substantially all of the issued securities and has the unilateral right to liquidate the trust. The power to direct the most significant activities of a commercial mortgage securitization trust is typically held by the special servicer or by the party holding specific subordinate securities which embody certain controlling rights. The Corporation consolidates a whole-loan securitization trust if it has the power to direct the most significant activities and also holds securities issued by the trust or has other contractual arrangements, other than standard representations and warranties, that could potentially be significant to the trust. The Corporation may also transfer trading account securities and AFS securities into municipal bond or resecuritization trusts. The Corporation consolidates a municipal bond or resecuritization trust if it has control over the ongoing activities of the trust such as the remarketing of the trust’s liabilities or, if there are no ongoing activities, sole discretion over the design of the trust, including the identification of securities to be transferred in and the structure of securities to be issued, and also retains securities or has liquidity or other commitments that could potentially be significant to the trust. The Corporation does not consolidate a municipal bond or resecuritization trust if one or a limited number of third-party investors share responsibility for the design of the trust or have control over the significant activities of the trust through liquidation or other substantive rights. Other VIEs used by the Corporation include collateralized debt obligations (CDOs), investment vehicles created on behalf of customers and other investment vehicles. The Corporation does not routinely serve as collateral manager for CDOs and, therefore, does not typically have the power to direct the activities that most significantly impact the economic performance of a CDO. However, following an event of default, if the Corporation is a majority holder of senior securities issued by a CDO and acquires the power to manage its assets, the Corporation consolidates the CDO. The Corporation consolidates a customer or other investment vehicle if it has control over the initial design of the vehicle or manages the assets in the vehicle and also absorbs potentially significant gains or losses through an investment in the vehicle, derivative contracts or other arrangements. The Corporation does not consolidate an investment vehicle if a single investor controlled the initial design of the vehicle or manages the assets in the vehicles or if the Corporation does not have a variable interest that could potentially be significant to the vehicle. Retained interests in securitized assets are initially recorded at fair value. In addition, the Corporation may invest in debt securities issued by unconsolidated VIEs. Fair values of these debt securities, which are classified as trading account assets, debt securities carried at fair value or HTM securities, are based primarily on quoted market prices in active or inactive markets. Generally, quoted market prices for retained residual interests are not available; therefore, the Corporation estimates fair values based on the present value of the associated expected future cash flows.
Fair Value	Fair Value The Corporation measures the fair values of its assets and liabilities, where applicable, in accordance with accounting guidance that requires an entity to base fair value on exit price. Under this guidance, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs in measuring fair value. Under applicable accounting standards, fair value measurements are categorized into one of three levels based on the inputs to the valuation technique with the highest priority given to unadjusted quoted prices in active markets and the lowest priority given to unobservable inputs. The Corporation categorizes its fair value measurements of financial instruments based on this three-level hierarchy. Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain U.S. Treasury securities that are highly liquid and are actively traded in OTC markets. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts where fair value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes U.S. government and agency mortgage-backed (MBS) and asset-backed securities (ABS), corporate debt securities, derivative contracts, certain loans and LHFS. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the overall fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments for which the determination of fair value requires significant management judgment or estimation. The fair value for such assets and liabilities is generally determined using pricing models, discounted cash flow methodologies or similar techniques that incorporate the assumptions a market participant would use in pricing the asset or liability. This category generally includes retained residual interests in securitizations, consumer MSRs, certain ABS, highly structured, complex or long-dated derivative contracts, certain loans and LHFS, IRLCs and certain CDOs where independent pricing information cannot be obtained for a significant portion of the underlying assets. Valuation Techniques The following sections outline the valuation methodologies for the Corporation’s assets and liabilities. While the Corporation believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. During 2024, there were no significant 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. Trading Account Assets and Liabilities and Debt Securities The fair values of trading account assets and liabilities are primarily based on actively traded markets where prices are based on either direct market quotes or observed transactions. The fair values of debt securities are generally based on quoted market prices or market prices for similar assets. Liquidity is a significant factor in the determination of the fair values of trading account assets and liabilities and debt securities. Market price quotes may not be readily available for some positions such as positions within a market sector where trading activity has slowed significantly or ceased. Some of these instruments are valued using a discounted cash flow model, which estimates the fair value of the securities using internal credit risk, and interest rate and prepayment risk models that incorporate management’s best estimate of current key assumptions such as default rates, loss severity and prepayment rates. Principal and interest cash flows are discounted using an observable discount rate for similar instruments with adjustments that management believes a market participant would consider in determining fair value for the specific security. Other instruments are valued using a net asset value approach that considers the value of the underlying securities. Underlying assets are valued using external pricing services, where available, or matrix pricing based on the vintages and ratings. Situations of illiquidity generally are triggered by the market’s perception of credit uncertainty regarding a single company or a specific market sector. In these instances, fair value is determined based on limited available market information and other factors, principally from reviewing the issuer’s financial statements and changes in credit ratings made by one or more rating agencies. Derivative Assets and Liabilities The fair values of derivative assets and liabilities traded in the OTC market are determined using quantitative models that utilize multiple market inputs including interest rates, prices and indices to generate continuous yield or pricing curves and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. When third-party pricing services are used, the methods and assumptions are reviewed by the Corporation. Estimation risk is greater for derivative asset and liability positions that are either option-based or have longer maturity dates where observable market inputs are less readily available, or are unobservable, in which case, quantitative-based extrapolations of rate, price or index scenarios are used in determining fair values. The fair values of derivative assets and liabilities include adjustments for market liquidity, counterparty credit quality and other instrument-specific factors, where appropriate. In addition, the Corporation incorporates within its fair value measurements of OTC derivatives a valuation adjustment to reflect the credit risk associated with the net position. Positions are netted by counterparty, and fair value for net long exposures is adjusted for counterparty credit risk while the fair value for net short exposures is adjusted for the Corporation’s own credit risk. The Corporation also incorporates FVA within its fair value measurements to include funding costs on uncollateralized derivatives and derivatives where the Corporation is not permitted to use the collateral it receives. An estimate of severity of loss is also used in the determination of fair value, primarily based on market data. Loans and Loan Commitments The fair values of loans and loan commitments are based on market prices, where available, or discounted cash flow analyses using market-based credit spreads of comparable debt instruments or credit derivatives of the specific borrower or comparable borrowers. Results of discounted cash flow analyses may be adjusted, as appropriate, to reflect other market conditions or the perceived credit risk of the borrower. Mortgage Servicing Rights The fair values of MSRs are primarily determined using an option-adjusted spread valuation approach, which factors in prepayment risk to determine the fair value of MSRs. This approach consists of projecting servicing cash flows under multiple interest rate scenarios and discounting these cash flows using risk-adjusted discount rates. Loans Held-for-sale The fair values of LHFS are based on quoted market prices, where available, or are determined by discounting estimated cash flows using interest rates approximating the Corporation’s current origination rates for similar loans adjusted to reflect the inherent credit risk. The borrower-specific credit risk is embedded within the market prices, where available, or is implied by considering loan performance when selecting comparables. Short-term Borrowings and Long-term Debt The Corporation issues structured liabilities that have coupons or repayment terms linked to the performance of debt or equity securities, interest rates, indices, currencies or commodities. The fair values of these structured liabilities are estimated using quantitative models for the combined derivative and debt portions of the notes. These models incorporate observable and, in some instances, unobservable inputs including security prices, interest rate yield curves, option volatility, currency, commodity or equity rates and correlations among these inputs. The Corporation also considers the impact of its own credit spread in determining the discount rate used to value these liabilities. The credit spread is determined by reference to observable spreads in the secondary bond market. Securities Financing Agreements The fair values of certain reverse repurchase agreements, repurchase agreements and securities borrowed transactions are determined using quantitative models, including discounted cash flow models that require the use of multiple market inputs including interest rates and spreads to generate continuous yield or pricing curves, and volatility factors. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Deposits The fair values of deposits are determined using quantitative models, including discounted cash flow models that require the use of multiple market inputs including interest rates and spreads to generate continuous yield or pricing curves, and volatility factors. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. The Corporation considers the impact of its own credit spread in the valuation of these liabilities. The credit risk is determined by reference to observable credit spreads in the secondary cash market. Asset-backed Secured Financings The fair values of asset-backed secured financings are based on external broker bids, where available, or are determined by discounting estimated cash flows using interest rates approximating the Corporation’s current origination rates for similar loans, adjusted to reflect the inherent credit risk. Loans and Loan Commitments The Corporation elects to account for certain loans and loan commitments that exceed the Corporation’s single-name credit risk concentration guidelines under the fair value option. Lending commitments are actively managed and, as appropriate, credit risk for these lending relationships may be mitigated through the use of credit derivatives, with the Corporation’s public side credit view and market perspectives determining the size and timing of the hedging activity. These credit derivatives do not meet the requirements for designation as accounting hedges and are carried at fair value. The fair value option allows the Corporation to carry these loans and loan commitments at fair value, which is more consistent with management’s view of the underlying economics and the manner in which they are managed. In addition, the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the credit derivatives at fair value. Loans Held-for-sale The Corporation elects to account for residential mortgage LHFS, commercial mortgage LHFS and certain other LHFS under the fair value option. These loans are actively managed and monitored and, as appropriate, certain market risks of the loans may be mitigated through the use of derivatives. The Corporation has elected not to designate the derivatives as qualifying accounting hedges, and therefore, they are carried at fair value. The changes in fair value of the loans are largely offset by changes in the fair value of the derivatives. The fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at the lower of cost or fair value and the derivatives at fair value. The Corporation has not elected to account for certain other LHFS under the fair value option primarily because these loans are floating-rate loans that are not hedged using derivative instruments. Loans Reported as Trading Account Assets The Corporation elects to account for certain loans that are held for the purpose of trading and are risk-managed on a fair value basis under the fair value option. Other Assets The Corporation elects to account for certain long-term fixed-rate margin loans that are hedged with derivatives under the fair value option. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the derivatives at fair value. Securities Financing Agreements The Corporation elects to account for certain securities financing agreements, including resale and repurchase agreements, under the fair value option. These elections include certain agreements collateralized by the U.S. government and its agencies, which are generally short-dated and have minimal interest rate risk. Long-term Deposits The Corporation elects to account for certain long-term fixed-rate and rate-linked deposits that are hedged with derivatives that do not qualify for hedge accounting. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the financial instruments at historical cost and the derivatives at fair value. The Corporation has not elected to carry other long-term deposits at fair value because they are not hedged using derivatives. Short-term Borrowings The Corporation elects to account for certain short-term borrowings, primarily short-term structured liabilities, under the fair value option because this debt is risk-managed on a fair value basis. The Corporation also elects to account for certain asset-backed secured financings, which are also classified in short-term borrowings, under the fair value option. Election of the fair value option allows the Corporation to reduce the accounting volatility that would otherwise result from the asymmetry created by accounting for the asset-backed secured financings at historical cost and the corresponding mortgage LHFS securing these financings at fair value. Long-term Debt The Corporation elects to account for certain long-term debt, primarily structured liabilities, under the fair value option. This long-term debt is either risk-managed on a fair value basis or the related hedges do not qualify for hedge accounting.
Income Taxes	Income Taxes There are two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. These gross deferred tax assets and liabilities represent decreases or increases in taxes expected to be paid in the future because of future reversals of temporary differences in the bases of assets and liabilities as measured by tax laws and their bases as reported in the financial statements. Deferred tax assets are also recognized for tax attributes such as net operating loss carryforwards and tax credit carryforwards. Valuation allowances are recorded to reduce deferred tax assets to the amounts management concludes are more likely than not to be realized. Income tax benefits are recognized and measured based upon a two-step model: first, a tax position must be more likely than not to be sustained based solely on its technical merits in order to be recognized, and second, the benefit is measured as the largest dollar amount of that position that is more likely than not to be sustained upon settlement. The difference between the benefit recognized and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit. The Corporation records income tax-related interest and penalties, if applicable, within income tax expense.
Revenue Recognition	Revenue Recognition The following summarizes the Corporation’s revenue recognition accounting policies for certain noninterest income activities. Card Income Card income includes annual, late and over-limit fees as well as interchange, cash advances and other miscellaneous items from credit and debit card transactions and from processing card transactions for merchants. Card income is presented net of direct costs. Interchange fees are recognized upon settlement of the credit and debit card payment transactions and are generally determined on a percentage basis for credit cards and fixed rates for debit cards based on the corresponding payment network’s rates. Substantially all card fees are recognized at the transaction date, except for certain time-based fees such as annual fees, which are recognized over 12 months. Fees charged to cardholders and merchants that are estimated to be uncollectible are reserved in the allowance for loan and lease losses. Included in direct cost are rewards and credit card partner payments. Rewards paid to cardholders are related to points earned by the cardholder that can be redeemed for a broad range of rewards including cash, travel and gift cards. The points to be redeemed are estimated based on past redemption behavior, card product type, account transaction activity and other historical card performance. The liability is reduced as the points are redeemed. The Corporation also makes payments to credit card partners. The payments are based on revenue-sharing agreements that are generally driven by cardholder transactions and partner sales volumes. As part of the revenue-sharing agreements, the credit card partner provides the Corporation exclusive rights to market to the credit card partner’s members or customers on behalf of the Corporation. Service Charges Service charges include deposit and lending-related fees. Deposit-related fees consist of fees earned on consumer and commercial deposit activities and are generally recognized when the transactions occur or as the service is performed. Consumer fees are earned on consumer deposit accounts for account maintenance and various transaction-based services, such as ATM transactions, wire transfer activities, check and money order processing and insufficient funds/overdraft transactions. Commercial deposit-related fees are from the Corporation’s Global Transaction Services business and consist of commercial deposit and treasury management services, including account maintenance and other services, such as payroll, sweep account and other cash management services. Lending-related fees generally represent transactional fees earned from certain loan commitments, financial guarantees and SBLCs. Investment and Brokerage Services Investment and brokerage services consist of asset management and brokerage fees. Asset management fees are earned from the management of client assets under advisory agreements or the full discretion of the Corporation’s financial advisors (collectively referred to as assets under management (AUM)). Asset management fees are earned as a percentage of the client’s AUM and generally range from 50 basis points (bps) to 150 bps of the AUM. In cases where a third party is used to obtain a client’s investment allocation, the fee remitted to the third party is recorded net and is not reflected in the transaction price, as the Corporation is an agent for those services. Brokerage fees include income earned from transaction-based services that are performed as part of investment management services and are based on a fixed price per unit or as a percentage of the total transaction amount. Brokerage fees also include distribution fees and sales commissions that are primarily in the Global Wealth & Investment Management (GWIM) segment and are earned over time. In addition, primarily in the Global Markets segment, brokerage fees are earned when the Corporation fills customer orders to buy or sell various financial products or when it acknowledges, affirms, settles and clears transactions and/or submits trade information to the appropriate clearing broker. Certain customers pay brokerage, clearing and/or exchange fees imposed by relevant regulatory bodies or exchanges in order to execute or clear trades. These fees are recorded net and are not reflected in the transaction price, as the Corporation is an agent for those services. Investment Banking Income Investment banking income includes underwriting income and financial advisory services income. Underwriting consists of fees earned for the placement of a customer’s debt or equity securities. The revenue is generally earned based on a percentage of the fixed number of shares or principal placed. Once the number of shares or notes is determined and the service is completed, the underwriting fees are recognized. The Corporation incurs certain out-of-pocket expenses, such as legal costs, in performing these services. These expenses are recovered through the revenue the Corporation earns from the customer and are included in operating expenses. Syndication fees represent fees earned as the agent or lead lender responsible for structuring, arranging and administering a loan syndication. Financial advisory services consist of fees earned for assisting clients with transactions related to mergers and acquisitions and financial restructurings. Revenue varies depending on the size of the transaction and scope of services performed and is generally contingent on successful completion of the transaction. Revenue is typically recognized once the transaction is completed and all services have been rendered. Additionally, the Corporation may earn a fixed fee in merger and acquisition transactions to provide a fairness opinion, with the fees recognized when the opinion is delivered to the client. Other Revenue Measurement and Recognition Policies The Corporation did not disclose the value of any open performance obligations at December 31, 2024, as its contracts with customers generally have a fixed term that is less than one year, an open term with a cancellation period that is less than one year, or provisions that allow the Corporation to recognize revenue at the amount it has the right to invoice.
Earnings Per Common Share	Earnings Per Common Share Earnings per common share (EPS) is computed by dividing net income allocated to common shareholders by the weighted-average common shares outstanding, excluding unvested common shares subject to repurchase or cancellation. Net income allocated to common shareholders is net income adjusted for preferred stock dividends including dividends declared, accretion of discounts on preferred stock including accelerated accretion when preferred stock is repaid early, and cumulative dividends related to the current dividend period that have not been declared as of period end, less income allocated to participating securities. Diluted EPS is computed by dividing income allocated to common shareholders plus dividends on dilutive convertible preferred stock and preferred stock that can be tendered to exercise warrants, by the weighted-average common shares outstanding plus amounts representing the dilutive effect of stock options outstanding, restricted stock, restricted stock units (RSUs), outstanding warrants and the dilution resulting from the conversion of convertible preferred stock, if applicable.
Foreign Currency Translation	Foreign Currency Translation Assets, liabilities and operations of foreign branches and subsidiaries are recorded based on the functional currency of each entity. When the functional currency of a foreign operation is the local currency, the assets, liabilities and operations are translated, for consolidation purposes, from the local currency to the U.S. dollar reporting currency at period-end rates for assets and liabilities and generally at average rates for results of operations. The resulting unrealized gains and losses are reported as a component of accumulated OCI, net-of-tax. When the foreign entity’s functional currency is the U.S. dollar, the resulting remeasurement gains or losses on foreign currency-denominated assets or liabilities are included in earnings.
Segment Reporting	Basis of Presentation The management accounting and reporting process derives segment and business results by utilizing allocation methodologies for revenue and expense. The net income derived for the businesses is dependent upon revenue and cost allocations using an activity-based costing model, funds transfer pricing, and other methodologies and assumptions management believes are appropriate to reflect the results of the business. Total revenue, net of interest expense, includes net interest income on an FTE basis and noninterest income. The adjustment of net interest income to an FTE basis results in a corresponding increase in income tax expense. The segment results also reflect certain revenue and expense methodologies that are utilized to determine net income. The net interest income of the businesses includes the results of a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics. In segments where the total of liabilities and equity exceeds assets, which are generally deposit-taking segments, the Corporation allocates assets to match liabilities. Net interest income of the business segments also includes an allocation of net interest income generated by certain of the Corporation’s ALM activities. The Corporation’s ALM activities include an overall interest rate risk management strategy that incorporates the use of various derivatives and cash instruments to manage fluctuations in earnings and capital that are caused by interest rate volatility. The Corporation’s goal is to manage interest rate sensitivity so that movements in interest rates do not significantly adversely affect earnings and capital. The results of a majority of the Corporation’s ALM activities are allocated to the business segments and fluctuate based on the performance of the ALM activities. ALM activities include external product pricing decisions including deposit pricing strategies, the effects of the Corporation’s internal funds transfer pricing process and the net effects of other ALM activities.

Net Interest Income and Nonin_2

Net Interest Income and Noninterest Income (Tables)	12 Months Ended
	Dec. 31, 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 2024, 2023 and 2022. For more information, see Note 1 – Summary of Significant Accounting Principles . For a disaggregation of noninterest income by business segment and All Othe r, see Note 23 – Business Segment Information . (Dollars in millions) 2024 2023 2022 Net interest income Interest income Loans and leases $ 61,993 $ 57,124 $ 37,919 Debt securities 26,007 20,226 17,127 Federal funds sold and securities borrowed or purchased under agreements to resell 19,911 18,679 4,560 Trading account assets 10,376 8,773 5,521 Other interest income (1) 28,320 25,460 7,438 Total interest income 146,607 130,262 72,565 Interest expense Deposits 38,442 26,163 4,718 Short-term borrowings 34,538 30,553 6,978 Trading account liabilities 2,191 2,043 1,538 Long-term debt 15,376 14,572 6,869 Total interest expense 90,547 73,331 20,103 Net interest income $ 56,060 $ 56,931 $ 52,462 Noninterest income Fees and commissions Card income Interchange fees (2) $ 4,013 $ 3,983 $ 4,096 Other card income 2,271 2,071 1,987 Total card income 6,284 6,054 6,083 Service charges Deposit-related fees 4,708 4,382 5,190 Lending-related fees 1,347 1,302 1,215 Total service charges 6,055 5,684 6,405 Investment and brokerage services Asset management fees 13,875 12,002 12,152 Brokerage fees 3,891 3,561 3,749 Total investment and brokerage services 17,766 15,563 15,901 Investment banking fees Underwriting income 3,275 2,235 1,970 Syndication fees 1,221 898 1,070 Financial advisory services 1,690 1,575 1,783 Total investment banking fees 6,186 4,708 4,823 Total fees and commissions 36,291 32,009 33,212 Market making and similar activities 12,967 12,732 12,075 Other income (loss) (3,431) (3,091) (2,799) Total noninterest income $ 45,827 $ 41,650 $ 42,488 (1) Includes interest income on interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks of $16.8 billion, $16.0 billion, and $2.6 billion for 2024, 2023, and 2022. (2) Gross interchange fees and merchant income were $13.6 billion, $13.3 billion and $12.9 billion for 2024, 2023 and 2022, respectively, and are presented net of $9.5 billion, $9.3 billion and $8.8 billion of expenses for rewards and partner payments as well as certain other card costs for the same periods.

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Derivative Instruments	The following tables present derivative instruments included on the Consolidated Balance Sheet in derivative assets and liabilities at December 31, 2024 and 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. December 31, 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 $ 20,962.1 $ 71.9 $ 7.6 $ 79.5 $ 61.1 $ 15.2 $ 76.3 Futures and forwards 3,383.0 4.5 — 4.5 4.2 — 4.2 Written options (2) 1,931.2 — — — 29.0 — 29.0 Purchased options (3) 1,789.1 29.2 — 29.2 — — — Foreign exchange contracts Swaps 2,204.0 46.8 0.1 46.9 47.4 — 47.4 Spot, futures and forwards 4,273.5 55.4 2.1 57.5 52.4 0.4 52.8 Written options (2) 652.6 — — — 10.7 — 10.7 Purchased options (3) 578.3 10.5 — 10.5 — — — Equity contracts Swaps 520.4 12.8 — 12.8 14.2 — 14.2 Futures and forwards 129.0 2.3 — 2.3 1.5 — 1.5 Written options (2) 831.6 — — — 55.1 — 55.1 Purchased options (3) 770.1 50.1 — 50.1 — — — Commodity contracts Swaps 64.8 2.1 — 2.1 3.6 — 3.6 Futures and forwards 165.8 4.0 — 4.0 2.3 0.8 3.1 Written options (2) 69.5 — — — 2.7 — 2.7 Purchased options (3) 75.2 2.9 — 2.9 — — — Credit derivatives (4) Purchased credit derivatives: Credit default swaps 408.3 1.7 — 1.7 2.6 — 2.6 Total return swaps/options 98.0 1.0 — 1.0 0.7 — 0.7 Written credit derivatives: Credit default swaps 388.2 2.0 — 2.0 1.6 — 1.6 Total return swaps/options 81.4 1.1 — 1.1 0.2 — 0.2 Gross derivative assets/liabilities $ 298.3 $ 9.8 $ 308.1 $ 289.3 $ 16.4 $ 305.7 Less: Legally enforceable master netting agreements (237.1) (237.1) Less: Cash collateral received/paid (30.1) (29.2) Total derivative assets/liabilities $ 40.9 $ 39.4 (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 $406 million and $361.2 billion at December 31, 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 table below summarizes information related to fair value hedges for 2024, 2023 and 2022. Gains and Losses on Derivatives and Hedged Items Designated in Fair Value Hedges Derivative Hedged Item (Dollars in millions) 2024 2023 2022 2024 2023 2022 Interest rate risk on long-term debt (1) $ (2,713) $ 3,594 $ (26,654) $ 2,669 $ (3,652) $ 26,825 Interest rate and foreign currency risk (2) 500 (17) (120) (486) 27 119 Interest rate risk on available-for-sale securities (3) 2,279 (3,518) 21,991 (2,322) 3,417 (22,280) Price risk on commodity inventory (4) (577) 2 674 577 (2) (674) Total $ (511) $ 61 $ (4,109) $ 438 $ (210) $ 3,990 (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 2024, 2023 and 2022, the derivative amount includes gains (losses) of $22 million, $6 million and $0 in interest income, $0, $13 million and $(37) million in interest expense, $463 million, $(51) million and $(81) million in market making and similar activities, and $15 million, $15 million and $(2) million in accumulated OCI, respectively. 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 December 31, 2024 December 31, 2023 (Dollars in millions) Carrying Value Cumulative Fair Value Adjustments (1) Carrying Value Cumulative Fair Value Adjustments (1) Long-term debt $ 188,202 $ (7,263) $ 203,986 $ (5,767) Available-for-sale debt securities (2, 3) 244,664 (4,764) 134,077 (1,793) Trading account assets (4) 3,639 101 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 December 31, 2024 and 2023, the amortized cost of the closed portfolios used in these hedging relationships was $34.8 billion and $39.1 billion, of which $26.1 billion and $22.5 billion were designated in a portfolio layer hedging relationship. At December 31, 2024 and 2023, the cumulative adjustment associated with these hedging relationships was a decrease of $435 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 2024, 2023 and 2022. Of the $5.6 billion after-tax net loss ($7.5 billion pretax) on derivatives in accumulated OCI at December 31, 2024, losses of $2.5 billion after-tax ($3.4 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 five years. For terminated cash flow hedges, the time period over which the forecasted transactions will be recognized in interest income is approximately four years, with the aggregated amount beyond this time period being insignificant. On November 15, 2023, Bloomberg Index Services Limited announced the permanent cessation of the Bloomberg Short-Term Bank Yield Index (BSBY) and all its tenors effective after final publication on November 15, 2024. The Corporation determined that certain forecasted BSBY-indexed interest payments, which had been designated in cash flow hedges, were no longer expected to occur beyond November 15, 2024 as they would transition to a new reference rate. Accordingly, during the fourth quarter of 2023, the Corporation reclassified $2.0 billion of pretax loss from accumulated OCI into market making and similar activities for the amount related to these forecasted transactions. Gains and Losses on Derivatives Designated as Cash Flow and Net Investment Hedges Gains (Losses) Recognized in Gains (Losses) in Income (Dollars in millions, amounts pretax) 2024 2023 2022 2024 2023 2022 Cash flow hedges Interest rate risk on variable-rate portfolios (1) $ 389 $ 1,995 $ (13,492) $ (2,826) $ (3,176) $ (338) Price risk on forecasted MBS purchases (1) — 6 (129) (9) (2) 11 Price risk on certain compensation plans (2) 29 48 (88) 35 25 29 Total $ 418 $ 2,049 $ (13,709) $ (2,800) $ (3,153) $ (298) Net investment hedges Foreign exchange risk (3) $ 2,624 $ (808) $ 1,710 $ (146) $ 143 $ 3 (1) Amounts reclassified from accumulated OCI are recorded in interest income and market making and similar activities 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)
Other Risk Management Derivatives	The table below presents gains (losses) on these derivatives for 2024, 2023 and 2022. These gains (losses) are largely offset by the income or expense recorded on the hedged item. Gains and Losses on Other Risk Management Derivatives (Dollars in millions) 2024 2023 2022 Interest rate risk on mortgage activities (1, 2) $ (49) $ 16 $ (326) Credit risk on loans (2) (52) (70) (37) Interest rate and foreign currency risk on asset and liability management activities (3) 952 777 4,713 Price risk on certain compensation plans (4) 427 584 (1,073) (1) Includes hedges of interest rate risk on MSRs and 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. For 2023, includes $447 million of positive fair value adjustments related to the interest rate swaps that occurred after de-designation of BSBY hedges and prior to re-designation of the interest rate swaps into new hedges. (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 2024, 2023 and 2022. This table includes debit valuation adjustment (DVA) and funding valuation adjustment (FVA) gains (losses). Global Markets results in Note 23 – 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 (Dollars in millions) 2024 Interest rate risk $ 2,245 $ 1,378 $ 420 $ 4,043 Foreign exchange risk 1,866 120 98 2,084 Equity risk 7,065 (1,485) 1,861 7,441 Credit risk 1,206 2,465 596 4,267 Other risk (2) 394 94 (406) 82 Total sales and trading revenue $ 12,776 $ 2,572 $ 2,569 $ 17,917 2023 Interest rate risk $ 3,192 $ 366 $ 402 $ 3,960 Foreign exchange risk 1,800 149 87 2,036 Equity risk 6,628 (1,955) 1,774 6,447 Credit risk 1,205 2,462 340 4,007 Other risk (2) 602 (155) (67) 380 Total sales and trading revenue $ 13,427 $ 867 $ 2,536 $ 16,830 2022 Interest rate risk $ 1,919 $ 1,619 $ 392 $ 3,930 Foreign exchange risk 1,981 46 (44) 1,983 Equity risk 6,077 (1,288) 1,757 6,546 Credit risk 592 2,228 177 2,997 Other risk (2) 835 (171) 15 679 Total sales and trading revenue $ 11,404 $ 2,434 $ 2,297 $ 16,135 (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 $2.1 billion, $2.0 billion and $2.0 billion in 2024, 2023 and 2022, respectively. (2) Includes commodity risk.
Disclosure of Credit Derivatives	Credit derivative instruments where the Corporation is the seller of credit protection and their expiration at December 31, 2024 and 2023 are summarized in the following table. Credit Derivative Instruments Less than One to Three to Over Five Total December 31, 2024 (Dollars in millions) Carrying Value Credit default swaps: Investment grade $ — $ 3 $ 24 $ 16 $ 43 Non-investment grade 33 304 752 441 1,530 Total 33 307 776 457 1,573 Total return swaps/options: Investment grade 93 — — — 93 Non-investment grade 145 — — — 145 Total 238 — — — 238 Total credit derivatives $ 271 $ 307 $ 776 $ 457 $ 1,811 Credit-related notes: Investment grade $ — $ — $ 9 $ 715 $ 724 Non-investment grade 5 5 37 1,119 1,166 Total credit-related notes $ 5 $ 5 $ 46 $ 1,834 $ 1,890 Maximum Payout/Notional Credit default swaps: Investment grade $ 35,634 $ 87,302 $ 150,225 $ 21,482 $ 294,643 Non-investment grade 15,070 30,255 43,969 4,233 93,527 Total 50,704 117,557 194,194 25,715 388,170 Total return swaps/options: Investment grade 54,041 1,288 1,185 238 56,752 Non-investment grade 22,762 1,452 292 98 24,604 Total 76,803 2,740 1,477 336 81,356 Total credit derivatives $ 127,507 $ 120,297 $ 195,671 $ 26,051 $ 469,526 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 December 31, 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 $ 134 $ 922 Bank of America, N.A. and subsidiaries (1) 59 782 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 31 $ 349 Collateral posted 28 290 (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 December 31, 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 $ 134 $ 922 Bank of America, N.A. and subsidiaries (1) 59 782 Derivative liabilities subject to unilateral termination upon downgrade Derivative liabilities $ 31 $ 349 Collateral posted 28 290 (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 2024, 2023 and 2022. CVA gains reduce the cumulative CVA thereby increasing the derivative assets balance. DVA gains increase the cumulative DVA thereby decreasing the derivative liabilities balance. CVA and DVA losses have the opposite impact. FVA gains related to derivative assets reduce the cumulative FVA thereby increasing the derivative assets balance. FVA gains related to derivative liabilities increase the cumulative FVA thereby decreasing the derivative liabilities balance. FVA losses have the opposite impact. Valuation Adjustments Gains (Losses) on Derivatives (1) (Dollars in millions) 2024 2023 2022 Derivative assets (CVA) $ 31 $ 159 $ (80) Derivative assets/liabilities (FVA) 21 (33) 125 Derivative liabilities (DVA) (27) (207) 194 (1) At December 31, 2024, 2023 and 2022, cumulative CVA reduced the derivative assets balance by $328 million, $359 million and $518 million, cumulative FVA reduced the net derivative balance by $66 million, $87 million and $54 million and cumulative DVA reduced the derivative liabilities balance by $272 million, $299 million and $506 million respectively.
Derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Offsetting Assets	The following table presents derivative instruments included in derivative assets and liabilities on the Consolidated Balance Sheet at December 31, 2024 and 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 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) December 31, 2024 December 31, 2023 Interest rate contracts Over-the-counter $ 108.8 $ 103.9 $ 119.2 $ 117.7 Exchange-traded 0.1 0.1 0.2 0.2 Over-the-counter cleared 3.4 3.6 4.4 3.3 Foreign exchange contracts Over-the-counter 112.7 109.1 89.7 90.4 Over-the-counter cleared 0.5 0.5 0.2 0.2 Equity contracts Over-the-counter 24.6 31.1 24.7 32.2 Exchange-traded 39.8 38.5 34.4 33.9 Commodity contracts Over-the-counter 6.2 7.0 6.6 8.4 Exchange-traded 2.0 1.6 2.3 2.1 Over-the-counter cleared 0.3 0.5 0.4 0.5 Credit derivatives Over-the-counter 5.8 5.0 5.7 5.6 Total gross derivative assets/liabilities, before netting Over-the-counter 258.1 256.1 245.9 254.3 Exchange-traded 41.9 40.2 36.9 36.2 Over-the-counter cleared 4.2 4.6 5.0 4.0 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (224.2) (223.5) (212.1) (218.9) Exchange-traded (39.0) (39.0) (35.4) (35.4) Over-the-counter cleared (4.0) (3.8) (3.5) (3.5) Derivative assets/liabilities, after netting 37.0 34.6 36.8 36.7 Other gross derivative assets/liabilities (2) 3.9 4.8 2.5 6.7 Total derivative assets/liabilities 40.9 39.4 39.3 43.4 Less: Financial instruments collateral (3) (18.1) (14.2) (15.5) (13.0) Total net derivative assets/liabilities $ 22.8 $ 25.2 $ 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 December 31, 2024 and 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 10 – Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash . Offsetting of Derivatives (1) Derivative Derivative Derivative Derivative (Dollars in billions) December 31, 2024 December 31, 2023 Interest rate contracts Over-the-counter $ 108.8 $ 103.9 $ 119.2 $ 117.7 Exchange-traded 0.1 0.1 0.2 0.2 Over-the-counter cleared 3.4 3.6 4.4 3.3 Foreign exchange contracts Over-the-counter 112.7 109.1 89.7 90.4 Over-the-counter cleared 0.5 0.5 0.2 0.2 Equity contracts Over-the-counter 24.6 31.1 24.7 32.2 Exchange-traded 39.8 38.5 34.4 33.9 Commodity contracts Over-the-counter 6.2 7.0 6.6 8.4 Exchange-traded 2.0 1.6 2.3 2.1 Over-the-counter cleared 0.3 0.5 0.4 0.5 Credit derivatives Over-the-counter 5.8 5.0 5.7 5.6 Total gross derivative assets/liabilities, before netting Over-the-counter 258.1 256.1 245.9 254.3 Exchange-traded 41.9 40.2 36.9 36.2 Over-the-counter cleared 4.2 4.6 5.0 4.0 Less: Legally enforceable master netting agreements and cash collateral received/paid Over-the-counter (224.2) (223.5) (212.1) (218.9) Exchange-traded (39.0) (39.0) (35.4) (35.4) Over-the-counter cleared (4.0) (3.8) (3.5) (3.5) Derivative assets/liabilities, after netting 37.0 34.6 36.8 36.7 Other gross derivative assets/liabilities (2) 3.9 4.8 2.5 6.7 Total derivative assets/liabilities 40.9 39.4 39.3 43.4 Less: Financial instruments collateral (3) (18.1) (14.2) (15.5) (13.0) Total net derivative assets/liabilities $ 22.8 $ 25.2 $ 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)	12 Months Ended
	Dec. 31, 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 AFS debt securities, other debt securities carried at fair value and HTM debt securities at December 31, 2024 and 2023. Debt Securities Amortized Gross Gross Fair Amortized Gross Gross Fair (Dollars in millions) December 31, 2024 December 31, 2023 Available-for-sale debt securities Mortgage-backed securities: Agency $ 32,781 $ 35 $ (1,614) $ 31,202 $ 39,195 $ 37 $ (1,420) $ 37,812 Agency-collateralized mortgage obligations 19,519 17 (218) 19,318 2,739 6 (201) 2,544 Commercial 26,032 73 (503) 25,602 10,909 40 (514) 10,435 Non-agency residential (1) 287 50 (52) 285 449 3 (70) 382 Total mortgage-backed securities 78,619 175 (2,387) 76,407 53,292 86 (2,205) 51,173 U.S. Treasury and government agencies 235,582 150 (1,153) 234,579 179,108 19 (1,461) 177,666 Non-U.S. securities 22,453 20 (42) 22,431 22,868 27 (20) 22,875 Other taxable securities 4,646 2 (45) 4,603 4,910 1 (76) 4,835 Tax-exempt securities 8,628 17 (233) 8,412 10,304 17 (221) 10,100 Total available-for-sale debt securities 349,928 364 (3,860) 346,432 270,482 150 (3,983) 266,649 Other debt securities carried at fair value (2) 12,352 59 (236) 12,175 10,202 56 (55) 10,203 Total debt securities carried at fair value 362,280 423 (4,096) 358,607 280,684 206 (4,038) 276,852 Held-to-maturity debt securities Agency mortgage-backed securities 430,135 — (88,458) 341,677 465,456 — (78,930) 386,526 U.S. Treasury and government agencies 121,696 — (18,661) 103,035 121,645 — (17,963) 103,682 Other taxable securities 6,882 1 (1,047) 5,836 7,490 — (1,101) 6,389 Total held-to-maturity debt securities 558,713 1 (108,166) 450,548 594,591 — (97,994) 496,597 Total debt securities (3,4) $ 920,993 $ 424 $ (112,262) $ 809,155 $ 875,275 $ 206 $ (102,032) $ 773,449 (1) At December 31, 2024 and 2023, the underlying collateral type included approximately 25 percent and 17 percent prime and 75 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 20 – Fair Value Measurements . (3) Includes securities pledged as collateral of $184.6 billion and $204.9 billion at December 31, 2024 and 2023. (4) The Corporation held debt securities from FNMA and FHLMC that each exceeded 10 percent of shareholders’ equity, with an amortized cost of $260.9 billion and $169.0 billion, and a fair value of $209.6 billion and $136.5 billion at December 31, 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 2024, 2023 and 2022 are presented in the table below. Gains and Losses on Sales of AFS Debt Securities (Dollars in millions) 2024 2023 2022 Gross gains $ 20 $ 109 $ 1,251 Gross losses (49) (514) (1,219) Net gains (losses) on sales of AFS debt securities $ (29) $ (405) $ 32 Income tax expense (benefit) attributable to realized net gains (losses) on sales of AFS debt securities $ (7) $ (101) $ 8
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 December 31, 2024 and 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) December 31, 2024 Continuously unrealized loss-positioned AFS debt securities Mortgage-backed securities: Agency $ 2,908 $ (22) $ 20,085 $ (1,592) $ 22,993 $ (1,614) Agency-collateralized mortgage obligations 9,597 (21) 1,493 (197) 11,090 (218) Commercial 11,486 (57) 4,667 (446) 16,153 (503) Non-agency residential — — 160 (52) 160 (52) Total mortgage-backed securities 23,991 (100) 26,405 (2,287) 50,396 (2,387) U.S. Treasury and government agencies 75,753 (135) 69,027 (1,018) 144,780 (1,153) Non-U.S. securities 3,367 (26) 4,906 (16) 8,273 (42) Other taxable securities 3,192 (5) 814 (40) 4,006 (45) Tax-exempt securities 1,025 (20) 2,194 (213) 3,219 (233) Total AFS debt securities in a continuous $ 107,328 $ (286) $ 103,346 $ (3,574) $ 210,674 $ (3,860) 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 $ 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 December 31, 2024 are summarized in the table below. Actual duration and yields may differ as prepayments on the loans underlying the MBS or other 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 $ — — % $ 6 2.83 % $ 5 4.00 % $ 32,770 4.56 % $ 32,781 4.56 % Agency-collateralized mortgage obligations — — — — 1 1.00 19,518 5.90 19,519 5.90 Commercial 142 3.80 9,630 4.20 13,722 4.26 2,551 2.77 26,045 4.09 Non-agency residential — — — — — — 552 11.48 552 11.48 Total mortgage-backed securities 142 3.80 9,636 4.20 13,728 4.26 55,391 5.02 78,897 4.79 U.S. Treasury and government agencies 24,484 4.58 202,038 3.82 12,910 2.78 34 3.99 239,466 3.85 Non-U.S. securities 19,865 3.20 4,391 2.25 3,861 4.56 2,526 3.77 30,643 3.29 Other taxable securities 947 5.67 3,160 5.34 397 3.52 142 4.55 4,646 5.22 Tax-exempt securities 758 2.83 3,588 3.75 982 3.27 3,300 4.10 8,628 3.75 Total amortized cost of debt securities carried at fair value $ 46,196 3.98 $ 222,813 3.83 $ 31,878 3.65 $ 61,393 4.92 $ 362,280 4.02 Amortized cost of HTM debt securities Agency mortgage-backed securities $ — — % $ — — % $ 10 2.60 % $ 430,125 2.12 % $ 430,135 2.12 % U.S. Treasury and government agencies 493 2.71 24,731 1.84 96,472 1.27 — — 121,696 1.39 Other taxable securities 174 2.15 1,007 2.28 100 3.53 5,601 2.53 6,882 2.50 Total amortized cost of HTM debt securities $ 667 2.56 $ 25,738 1.86 $ 96,582 1.27 $ 435,726 2.12 $ 558,713 1.96 Debt securities carried at fair value Mortgage-backed securities: Agency $ — $ 5 $ 5 $ 31,192 $ 31,202 Agency-collateralized mortgage obligations — — 1 19,317 19,318 Commercial 141 9,572 13,564 2,336 25,613 Non-agency residential — 2 — 533 535 Total mortgage-backed securities 141 9,579 13,570 53,378 76,668 U.S. Treasury and government agencies 24,556 201,280 12,597 31 238,464 Non-U.S. securities 19,682 4,391 3,892 2,492 30,457 Other taxable securities 944 3,149 378 135 4,606 Tax-exempt securities 754 3,569 963 3,126 8,412 Total debt securities carried at fair value $ 46,077 $ 221,968 $ 31,400 $ 59,162 $ 358,607 Fair value of HTM debt securities Agency mortgage-backed securities $ — $ — $ 9 $ 341,668 $ 341,677 U.S. Treasury and government agencies 490 21,791 80,754 — 103,035 Other taxable securities 170 973 69 4,624 5,836 Total fair value of HTM debt securities $ 660 $ 22,764 $ 80,832 $ 346,292 $ 450,548 (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)	12 Months Ended
	Dec. 31, 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 December 31, 2024 and 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) December 31, 2024 Consumer real estate Residential mortgage $ 1,222 $ 288 $ 788 $ 2,298 $ 225,901 $ 228,199 Home equity 80 40 127 247 25,490 25,737 Credit card and other consumer Credit card 685 552 1,401 2,638 100,928 103,566 Direct/Indirect consumer (2) 290 113 106 509 106,613 107,122 Other consumer — — — — 151 151 Total consumer 2,277 993 2,422 5,692 459,083 464,775 Consumer loans accounted for under the fair value option (3) $ 221 221 Total consumer loans and leases 2,277 993 2,422 5,692 459,083 221 464,996 Commercial U.S. commercial 910 228 345 1,483 385,507 386,990 Non-U.S. commercial 65 17 4 86 137,432 137,518 Commercial real estate (4) 640 121 990 1,751 63,979 65,730 Commercial lease financing 32 9 19 60 15,648 15,708 U.S. small business commercial 190 94 199 483 20,382 20,865 Total commercial 1,837 469 1,557 3,863 622,948 626,811 Commercial loans accounted for under the fair value option (3) 4,028 4,028 Total commercial loans and leases 1,837 469 1,557 3,863 622,948 4,028 630,839 Total loans and leases (5) $ 4,114 $ 1,462 $ 3,979 $ 9,555 $ 1,082,031 $ 4,249 $ 1,095,835 Percentage of outstandings 0.38 % 0.13 % 0.36 % 0.87 % 98.74 % 0.39 % 100.00 % (1) Consumer real estate loans 30-59 days past due includes fully-insured loans of $188 million and nonperforming loans of $174 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $71 million and nonperforming loans of $107 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $229 million and nonperforming loans of $686 million. Consumer real estate loans current or less than 30 days past due includes $1.5 billion, and direct/indirect consumer includes $54 million of nonperforming loans. (2) Total outstandings primarily includes auto and specialty lending loans and leases of $54.9 billion, U.S. securities-based lending loans of $48.7 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 $59 million and home equity loans of $162 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.8 billion and non-U.S. commercial loans of $1.3 billion. For more information, see Note 20 – Fair Value Measurements and Note 21 – Fair Value Option . (4) Total outstandings includes U.S. commercial real estate loans of $59.6 billion and non-U.S. commercial real estate loans of $6.1 billion. (5) Total outstandings includes loans and leases pledged as collateral of $26.8 billion. The Corporation also pledged $305.2 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 20 – Fair Value Measurements and Note 21 – 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 December 31, 2024 and 2023. Nonperforming 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. Credit Quality Nonperforming Loans Accruing Past Due December 31 (Dollars in millions) 2024 2023 2024 2023 Residential mortgage (1) $ 2,052 $ 2,114 $ 229 $ 252 With no related allowance (2) 1,883 1,974 — — Home equity (1) 409 450 — — With no related allowance (2) 334 375 — — Credit Card n/a n/a 1,401 1,224 Direct/indirect consumer 186 148 1 2 Total consumer 2,647 2,712 1,631 1,478 U.S. commercial 1,204 636 90 51 Non-U.S. commercial 8 175 4 4 Commercial real estate 2,068 1,927 6 32 Commercial lease financing 20 19 3 7 U.S. small business commercial 28 16 197 184 Total commercial 3,328 2,773 300 278 Total nonperforming loans $ 5,975 $ 5,485 $ 1,931 $ 1,756 Percentage of outstanding loans and leases 0.55 % 0.52 % 0.18 % 0.17 % (1) Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At December 31, 2024 and 2023 residential mortgage included $119 million and $156 million of loans on which interest had been curtailed by the FHA, and therefore were no longer accruing interest, although principal was still insured, and $110 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 December 31, 2024. Residential Mortgage – Credit Quality Indicators By Vintage Term Loans by Origination Year (Dollars in millions) Total as of December 31, 2024 2023 2022 2021 2020 Prior Residential Mortgage Refreshed LTV Less than or equal to 90 percent $ 215,575 $ 18,115 $ 12,910 $ 36,748 $ 71,912 $ 32,504 $ 43,386 Greater than 90 percent but less than or equal to 100 percent 1,848 724 463 471 122 31 37 Greater than 100 percent 863 428 195 144 56 15 25 Fully-insured loans 9,913 288 190 302 3,153 2,568 3,412 Total Residential Mortgage $ 228,199 $ 19,555 $ 13,758 $ 37,665 $ 75,243 $ 35,118 $ 46,860 Residential Mortgage Refreshed FICO score Less than 620 $ 2,619 $ 172 $ 171 $ 484 $ 649 $ 427 $ 716 Greater than or equal to 620 and less than 680 4,687 329 337 826 1,201 736 1,258 Greater than or equal to 680 and less than 740 22,666 2,008 1,553 4,112 6,322 3,431 5,240 Greater than or equal to 740 188,314 16,758 11,507 31,941 63,918 27,956 36,234 Fully-insured loans 9,913 288 190 302 3,153 2,568 3,412 Total Residential Mortgage $ 228,199 $ 19,555 $ 13,758 $ 37,665 $ 75,243 $ 35,118 $ 46,860 Gross charge-offs for the year ended December 31, 2024 $ 21 $ 2 $ 3 $ 6 $ 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) December 31, 2024 Home Equity Refreshed LTV Less than or equal to 90 percent $ 25,638 $ 780 $ 21,450 $ 3,408 Greater than 90 percent but less than or equal to 100 percent 51 4 42 5 Greater than 100 percent 48 3 34 11 Total Home Equity $ 25,737 $ 787 $ 21,526 $ 3,424 Home Equity Refreshed FICO score Less than 620 $ 645 $ 72 $ 320 $ 253 Greater than or equal to 620 and less than 680 1,115 83 689 343 Greater than or equal to 680 and less than 740 4,373 161 3,429 783 Greater than or equal to 740 19,604 471 17,088 2,045 Total Home Equity $ 25,737 $ 787 $ 21,526 $ 3,424 Gross charge-offs for the year ended December 31, 2024 $ 21 $ 6 $ 9 $ 6 (1) Includes reverse mortgages of $500 million and home equity loans of $287 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 December 31, Revolving Loans Revolving Loans Converted to Term Loans (1) Refreshed FICO score Less than 620 $ 1,483 $ 10 $ 249 $ 452 $ 433 $ 243 $ 53 $ 43 $ 5,866 $ 5,511 $ 355 Greater than or equal to 620 and less than 680 2,360 9 735 699 523 272 67 55 11,580 11,250 330 Greater than or equal to 680 and less than 740 8,071 42 3,038 2,179 1,587 825 226 174 35,037 34,743 294 Greater than or equal to 740 43,141 67 17,889 11,240 7,635 3,908 1,319 1,083 51,083 51,019 64 Other internal credit metrics (2,3) 52,067 51,433 165 51 127 95 36 160 — — — Total credit card and other $ 107,122 $ 51,561 $ 22,076 $ 14,621 $ 10,305 $ 5,343 $ 1,701 $ 1,515 $ 103,566 $ 102,523 $ 1,043 Gross charge-offs for the year $ 399 $ 5 $ 46 $ 144 $ 109 $ 51 $ 12 $ 32 $ 4,365 $ 4,188 $ 177 (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 $51.4 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, 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 $ 374,380 $ 49,587 $ 33,352 $ 34,015 $ 20,801 $ 10,172 $ 34,176 $ 192,277 Reservable criticized 12,610 157 901 1,035 799 340 1,996 7,382 Total U.S. Commercial $ 386,990 $ 49,744 $ 34,253 $ 35,050 $ 21,600 $ 10,512 $ 36,172 $ 199,659 Gross charge-offs for the year ended $ 439 $ 3 $ 122 $ 80 $ 19 $ 4 $ 63 $ 148 Non-U.S. Commercial Risk ratings Pass rated $ 135,720 $ 27,119 $ 14,268 $ 12,220 $ 11,750 $ 1,328 $ 6,777 $ 62,258 Reservable criticized 1,798 22 180 145 310 8 106 1,027 Total Non-U.S. Commercial $ 137,518 $ 27,141 $ 14,448 $ 12,365 $ 12,060 $ 1,336 $ 6,883 $ 63,285 Gross charge-offs for the year ended $ 81 $ — $ 41 $ 22 $ 16 $ — $ — $ 2 Commercial Real Estate Risk ratings Pass rated $ 55,607 $ 5,422 $ 4,935 $ 10,755 $ 8,990 $ 2,911 $ 13,310 $ 9,284 Reservable criticized 10,123 41 211 3,252 2,100 588 3,372 559 Total Commercial Real Estate $ 65,730 $ 5,463 $ 5,146 $ 14,007 $ 11,090 $ 3,499 $ 16,682 $ 9,843 Gross charge-offs for the year ended $ 894 $ — $ — $ 57 $ 83 $ 62 $ 663 $ 29 Commercial Lease Financing Risk ratings Pass rated $ 15,417 $ 3,902 $ 3,675 $ 2,465 $ 1,921 $ 1,033 $ 2,421 $ — Reservable criticized 291 9 96 67 52 23 44 — Total Commercial Lease Financing $ 15,708 $ 3,911 $ 3,771 $ 2,532 $ 1,973 $ 1,056 $ 2,465 $ — Gross charge-offs for the year ended $ 2 $ — $ — $ — $ 2 $ — $ — $ — U.S. Small Business Commercial (2) Risk ratings Pass rated $ 9,806 $ 1,926 $ 1,887 $ 1,650 $ 1,302 $ 604 $ 1,992 $ 445 Reservable criticized 443 8 83 104 115 25 105 3 Total U.S. Small Business Commercial $ 10,249 $ 1,934 $ 1,970 $ 1,754 $ 1,417 $ 629 $ 2,097 $ 448 Gross charge-offs for the year ended $ 30 $ — $ 1 $ 2 $ 1 $ 6 $ 7 $ 13 Total $ 616,195 $ 88,193 $ 59,588 $ 65,708 $ 48,140 $ 17,032 $ 64,299 $ 273,235 Gross charge-offs for the year ended $ 1,446 $ 3 $ 164 $ 161 $ 121 $ 72 $ 733 $ 192 (1) Excludes $4.0 billion of loans accounted for under the fair value option at December 31, 2024. (2) Excludes U.S. Small Business Card loans of $10.6 billion. Refreshed FICO scores for this portfolio are $699 million for less than 620; $1.2 billion for greater than or equal to 620 and less than 680; $3.0 billion for greater than or equal to 680 and less than 740; and $5.8 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $489 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 at December 31, 2024 and 2023. Consumer Real Estate - Modifications to Borrowers in Financial Difficulty Forbearance and Other Payment Plans Permanent Modification Total As a % of Financing Receivables (Dollars in millions) Year Ended December 31, 2024 Residential Loans $ 46 $ 186 $ 232 0.10 % Home Equity 1 31 32 0.12 % Total $ 47 $ 217 $ 264 0.10 % Year Ended December 31, 2023 Residential Loans $ 429 $ 154 $ 583 0.26 % Home Equity 57 31 88 0.34 Total $ 486 $ 185 $ 671 0.26 The table below presents the financial effect of modified consumer real estate loans . Financial Effect of Modified Consumer Real Estate Loans Year Ended December 31 2024 2023 Forbearance and Other Payment Plans Weighted-average duration Residential Mortgage 7 months 8 months Home Equity n/a 9 months Permanent Modifications Weighted-average Term Extension Residential Mortgage 9.6 years 9.9 years Home Equity 17.7 years 17.7 years Weighted-average Interest Rate Reduction Residential Mortgage 1.25 % 1.41 % Home Equity 2.61 % 2.74 % n/a = not applicable 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) December 31, 2024 Residential mortgage $ 123 $ 54 $ 55 $ 232 Home equity 28 2 2 32 Total $ 151 $ 56 $ 57 $ 264 December 31, 2023 Residential mortgage $ 334 $ 101 $ 148 $ 583 Home equity 58 5 25 88 Total $ 392 $ 106 $ 173 $ 671 Commercial Loans - Modifications to Borrowers in Financial Difficulty Term Extension Forbearances Interest Rate Total As a % of Financing Receivables (Dollars in millions) Year Ended December 31, 2024 U.S. commercial $ 1,266 $ 262 $ — $ 1,528 0.39 % Non-U.S. commercial 27 — — 27 0.02 Commercial real estate 1,849 444 100 2,393 3.64 Total $ 3,142 $ 706 $ 100 $ 3,948 0.67 Year Ended December 31, 2023 U.S. commercial $ 1,016 $ 30 $ — $ 1,046 0.29 % Non-U.S. commercial 136 — 24 160 0.13 Commercial real estate 1,656 416 — 2,072 2.84 Total $ 2,808 $ 446 $ 24 $ 3,278 0.59 Commercial - Payment Status of Modified Loans to Borrowers in Financial Difficulty Current 30–89 Days Past Due 90+ Days Past Due Total (Dollars in millions) December 31, 2024 U.S. Commercial $ 1,346 $ 70 $ 112 $ 1,528 Non-U.S. Commercial 27 — — 27 Commercial Real Estate 2,100 90 203 2,393 Total $ 3,473 $ 160 $ 315 $ 3,948 December 31, 2023 U.S. Commercial $ 1,015 $ 3 $ 28 $ 1,046 Non-U.S. Commercial 157 3 — 160 Commercial Real Estate 1,608 122 342 2,072 Total $ 2,780 $ 128 $ 370 $ 3,278 The following table presents the December 31, 2022 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during 2022. The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period. Binding trial modifications are classified as TDRs when the trial offer is made and continue to be classified as TDRs regardless of whether the borrower enters into a permanent modification. At December 31, 2022, remaining commitments to lend additional funds to debtors whose terms have been modified in a consumer real estate TDR were not significant. Consumer Real Estate – TDRs Entered into During 2022 Unpaid Principal Balance Carrying Pre-Modification Interest Rate Post-Modification Interest Rate (1) (Dollars in millions) December 31, 2022 Residential mortgage $ 1,144 $ 1,015 3.52 % 3.40 % Home equity 238 191 4.61 4.65 Total $ 1,382 $ 1,206 3.71 3.62 (1) The post-modification interest rate reflects the interest rate applicable only to permanently completed modifications, which exclude loans that are in a trial modification period. The table below presents the December 31, 2022 carrying value for consumer real estate loans that were modified in a TDR during 2022, by type of modification. Consumer Real Estate – Modification Programs TDRs Entered into During (Dollars in millions) 2022 Modifications under government programs $ 2 Modifications under proprietary programs 1,100 Loans discharged in Chapter 7 bankruptcy (1) 14 Trial modifications 90 Total modifications $ 1,206 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. The table below presents the carrying value of consumer real estate loans that entered into payment default during 2022 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification. Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months (Dollars in millions) 2022 Modifications under proprietary programs $ 189 Loans discharged in Chapter 7 bankruptcy (1) 2 Trial modifications (2) 25 Total modifications $ 216 (1) Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs. (2) Includes trial modification offers to which the customer did not respond. The table below provides information on the Corporation’s Credit Card and Other Consumer TDR portfolio including December 31, 2022 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in TDRs during 2022. Credit Card and Other Consumer – TDRs Entered into During 2022 Unpaid Principal Balance Carrying (1) Pre-Modification Interest Rate Post-Modification Interest Rate (Dollars in millions) December 31, 2022 Credit card $ 284 $ 293 22.34 % 3.89 % Direct/Indirect consumer 6 5 5.51 5.50 Total $ 290 $ 298 22.06 3.92 (1) Includes accrued interest and fees. The table below presents the December 31, 2022 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during 2022 by program type. Credit Card and Other Consumer – TDRs by Program Type (1) (Dollars in millions) 2022 Internal programs $ 251 External programs 44 Other 3 Total $ 298 (1) Includes accrued interest and fees.
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) 2024 Allowance for loan and lease losses, January 1 $ 386 $ 8,134 $ 4,822 $ 13,342 Loans and leases charged off (42) (5,077) (1,935) (7,054) Recoveries of loans and leases previously charged off 83 798 142 1,023 Net charge-offs 41 (4,279) (1,793) (6,031) Provision for loan and lease losses (135) 4,421 1,649 5,935 Other 1 1 (8) (6) Allowance for loan and lease losses, December 31 293 8,277 4,670 13,240 Reserve for unfunded lending commitments, January 1 82 — 1,127 1,209 Provision for unfunded lending commitments (26) — (88) (114) Other 1 — — 1 Reserve for unfunded lending commitments, December 31 57 — 1,039 1,096 Allowance for credit losses, December 31 $ 350 $ 8,277 $ 5,709 $ 14,336 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 (103) (3,870) (844) (4,817) Recoveries of loans and leases previously charged off 146 737 135 1,018 Net charge-offs 43 (3,133) (709) (3,799) Provision for loan and lease losses (19) 4,558 186 4,725 Other 9 1 (33) (23) Allowance for loan and lease losses, December 31 386 8,134 4,822 13,342 Reserve for unfunded lending commitments, January 1 94 — 1,446 1,540 Provision for unfunded lending commitments (12) — (319) (331) Reserve for unfunded lending commitments, December 31 82 — 1,127 1,209 Allowance for credit losses, December 31 $ 468 $ 8,134 $ 5,949 $ 14,551 2022 Allowance for loan and lease losses, January 1 $ 557 $ 6,476 $ 5,354 $ 12,387 Loans and leases charged off (206) (2,755) (478) (3,439) Recoveries of loans and leases previously charged off 224 882 161 1,267 Net charge-offs 18 (1,873) (317) (2,172) Provision for loan and lease losses (164) 2,215 409 2,460 Other 9 (1) (1) 7 Allowance for loan and lease losses, December 31 420 6,817 5,445 12,682 Reserve for unfunded lending commitments, January 1 96 — 1,360 1,456 Provision for unfunded lending commitments (3) — 86 83 Other 1 — — 1 Reserve for unfunded lending commitments, December 31 94 — 1,446 1,540 Allowance for credit losses, December 31 $ 514 $ 6,817 $ 6,891 $ 14,222

Securitizations and Other Var_2

Securitizations and Other Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 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 2024, 2023 and 2022. First-lien Mortgage Securitizations Residential Mortgage - Agency Commercial Mortgage (Dollars in millions) 2024 2023 2022 2024 2023 2022 Proceeds from loan sales (1) $ 4,459 $ 4,513 $ 8,084 $ 13,392 $ 2,132 $ 5,853 Gains (losses) on securitizations (2) (6) (15) 8 164 44 46 Repurchases from securitization trusts (3) 36 33 53 — — — (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 $33 million, $49 million and $41 million, net of hedges, during 2024, 2023 and 2022, respectively, 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 December 31, 2024 and 2023. Other Asset-backed VIEs Credit Card and Automobile (1) Resecuritization Trusts and Customer VIEs Municipal Bond Trusts Investment VIEs and Leveraged Lease Trusts December 31 (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 Unconsolidated VIEs Maximum loss exposure $ — $ — $ 5,300 $ 4,494 $ 1,839 $ 1,787 $ 2,454 $ 2,197 On-balance sheet assets Securities (2) : Trading account assets $ — $ — $ 1,641 $ 626 $ 16 $ 23 $ 354 $ 469 Debt securities carried at fair value — — 809 920 — — — 4 Held-to-maturity securities — — 1,983 2,237 — — — — Loans and leases — — — — — — 70 90 Allowance for loan and lease losses — — — — — — (2) (12) All other assets — — 868 711 6 7 1,522 1,168 Total retained positions $ — $ — $ 5,301 $ 4,494 $ 22 $ 30 $ 1,944 $ 1,719 Total assets of VIEs $ — $ — $ 24,216 $ 15,862 $ 6,474 $ 9,279 $ 22,965 $ 18,398 Consolidated VIEs Maximum loss exposure $ 9,385 $ 8,127 $ 583 $ 1,240 $ 3,519 $ 3,136 $ 1,012 $ 1,596 On-balance sheet assets Trading account assets $ — $ — $ 1,002 $ 1,798 $ 3,436 $ 3,084 $ 5 $ 1 Debt securities carried at fair value — — — — 83 52 — — Loans and leases 18,110 16,640 — — — — 1,012 1,605 Allowance for loan and lease losses (924) (832) — — — — (1) (1) All other assets 195 163 39 38 — — 1 15 Total assets $ 17,381 $ 15,971 $ 1,041 $ 1,836 $ 3,519 $ 3,136 $ 1,017 $ 1,620 On-balance sheet liabilities Short-term borrowings $ — $ — $ — $ — $ 3,329 $ 2,934 $ — $ 23 Long-term debt 7,975 7,825 458 596 — — 5 1 All other liabilities 21 19 — — — — — — Total liabilities $ 7,996 $ 7,844 $ 458 $ 596 $ 3,329 $ 2,934 $ 5 $ 24 (1) At December 31, 2024 and 2023 loans and leases in the consolidated credit card trust included $4.5 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 December 31, 2024 and 2023. Mortgage and Home Equity Securitizations Residential Mortgage Non-agency Agency Prime and Alt-A Subprime Home Equity (1) Commercial Mortgage December 31 (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Unconsolidated VIEs Maximum loss exposure (2) $ 7,353 $ 8,190 $ 84 $ 92 $ 301 $ 657 $ — $ — $ 1,640 $ 1,558 On-balance sheet assets Senior securities: Trading account assets $ 126 $ 235 $ 10 $ 13 $ 12 $ 20 $ — $ — $ 328 $ 70 Debt securities carried at fair value 2,222 2,541 — — 416 341 — — — — Held-to-maturity securities 5,005 5,414 — — — — — — 1,172 1,287 All other assets — — 3 4 23 23 — — 41 79 Total retained positions $ 7,353 $ 8,190 $ 13 $ 17 $ 451 $ 384 $ — $ — $ 1,541 $ 1,436 Principal balance outstanding (3) $ 69,018 $ 76,134 $ 12,590 $ 13,963 $ 4,180 $ 4,508 $ 187 $ 252 $ 90,222 $ 80,078 Consolidated VIEs Maximum loss exposure (2) $ 1,132 $ 1,164 $ — $ — $ — $ — $ 10 $ 12 $ — $ — On-balance sheet assets Trading account assets $ 1,132 $ 1,171 $ — $ — $ — $ — $ — $ — $ — $ — Loans and leases — — — — — — 22 31 — — Allowance for loan and lease losses — — — — — — 6 7 — — All other assets — — — — — — 1 1 — — Total assets $ 1,132 $ 1,171 $ — $ — $ — $ — $ 29 $ 39 $ — $ — Total liabilities $ — $ 7 $ — $ — $ — $ — $ 19 $ 27 $ — $ — (1) 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 12 – Commitments and Contingencies . (2) 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 12 – Commitments and Contingencies and Note 20 – Fair Value Measurements . (3) 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.
Tax Credit Vehicles
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The table below summarizes select information related to unconsolidated tax credit VIEs in which the Corporation held a variable interest at December 31, 2024 and 2023. Unconsolidated Tax Credit VIEs December 31 (Dollars in millions) 2024 2023 Maximum loss exposure $ 29,727 $ 30,040 On-balance sheet assets All other assets 29,727 30,040 Total $ 29,727 $ 30,040 On-balance sheet liabilities All other liabilities 7,599 7,254 Total $ 7,599 $ 7,254 Total assets of VIEs $ 85,654 $ 84,148

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The table below presents goodwill balances by business segment at December 31, 2024 and 2023. The reporting units utilized for goodwill impairment testing are the operating segments or one level below. Goodwill December 31 (Dollars in millions) 2024 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)	12 Months Ended
	Dec. 31, 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 December 31, 2024 and 2023. Net Investment (1) December 31 (Dollars in millions) 2024 2023 Lease receivables $ 18,559 $ 16,565 Unguaranteed residuals 2,543 2,485 Total net investment in sales-type and direct $ 21,102 $ 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 $8.0 billion and $6.8 billion at December 31, 2024 and 2023.
Sales-type Lease, Lease Income	The table below presents lease income for 2024, 2023 and 2022. Lease Income (Dollars in millions) 2024 2023 2022 Sales-type and direct financing leases $ 1,082 $ 788 $ 589 Operating leases 931 945 941 Total lease income $ 2,013 $ 1,733 $ 1,530
Operating Lease, Lease Income	The table below presents lease income for 2024, 2023 and 2022. Lease Income (Dollars in millions) 2024 2023 2022 Sales-type and direct financing leases $ 1,082 $ 788 $ 589 Operating leases 931 945 941 Total lease income $ 2,013 $ 1,733 $ 1,530
Direct Financing Lease, Lease Income	The table below presents lease income for 2024, 2023 and 2022. Lease Income (Dollars in millions) 2024 2023 2022 Sales-type and direct financing leases $ 1,082 $ 788 $ 589 Operating leases 931 945 941 Total lease income $ 2,013 $ 1,733 $ 1,530
Supplemental Information for Lessee Arrangments	The table below provides information on the right-of-use assets, lease liabilities and weighted-average discount rates and lease terms at December 31, 2024 and 2023. Supplemental Information for Lessee Arrangements December 31 (Dollars in millions) 2024 2023 Right-of-use assets $ 8,527 $ 9,150 Lease liabilities 9,135 9,782 Weighted-average discount rate 3.93 % 3.51 % Weighted-average lease term 8.0 8.2 Right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 603 $ 430 2024 2023 2022 Operating cash flows from operating leases (2) $ 1,972 $ 1,975 $ 1,986 Lease Cost and Supplemental Operating lease cost $ 1,971 $ 1,981 $ 2,008 Variable lease cost (3) 471 460 464 Total lease cost (4) $ 2,442 $ 2,441 $ 2,472 (1) Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows. (2) Represents cash paid for amounts included in the measurements of lease liabilities. (3) Primarily consists of payments for common area maintenance and property taxes. (4) Amounts are recorded in occupancy and equipment expense in the Consolidated Statement of Income.
Maturity of Lessor and Lessee Arrangements	The maturities of lessor and lessee arrangements outstanding at December 31, 2024 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2024 2025 $ 586 $ 5,183 $ 1,770 2026 491 5,645 1,596 2027 416 4,760 1,409 2028 333 1,967 1,142 2029 230 1,398 832 Thereafter 335 1,967 3,500 Total undiscounted cash flows $ 2,391 20,920 10,249 Less: Net present value adjustment 2,361 1,114 Total (3) $ 18,559 $ 9,135 (1) Excludes $845 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2025. (2) Includes $12.2 billion in commercial lease financing receivables and $6.4 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.
Maturity of Lessor and Lessee Arrangments	The maturities of lessor and lessee arrangements outstanding at December 31, 2024 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2024 2025 $ 586 $ 5,183 $ 1,770 2026 491 5,645 1,596 2027 416 4,760 1,409 2028 333 1,967 1,142 2029 230 1,398 832 Thereafter 335 1,967 3,500 Total undiscounted cash flows $ 2,391 20,920 10,249 Less: Net present value adjustment 2,361 1,114 Total (3) $ 18,559 $ 9,135 (1) Excludes $845 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2025. (2) Includes $12.2 billion in commercial lease financing receivables and $6.4 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.
Maturity of Lessor and Lessee Arrangements	The maturities of lessor and lessee arrangements outstanding at December 31, 2024 are presented in the table below based on undiscounted cash flows. Maturities of Lessor and Lessee Arrangements Lessor Lessee (1) Operating Sales-type and Direct Financing Leases (2) Operating (Dollars in millions) December 31, 2024 2025 $ 586 $ 5,183 $ 1,770 2026 491 5,645 1,596 2027 416 4,760 1,409 2028 333 1,967 1,142 2029 230 1,398 832 Thereafter 335 1,967 3,500 Total undiscounted cash flows $ 2,391 20,920 10,249 Less: Net present value adjustment 2,361 1,114 Total (3) $ 18,559 $ 9,135 (1) Excludes $845 million in commitments under lessee arrangements that have not yet commenced with lease terms that will begin in 2025. (2) Includes $12.2 billion in commercial lease financing receivables and $6.4 billion in direct/indirect consumer lease financing receivables. (3) Represents lease receivables for lessor arrangements and lease liabilities for lessee arrangements.

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2024
Deposits [Abstract]
Schedule of Time Deposits	The scheduled contractual maturities for total time deposits at December 31, 2024 are presented in the table below. Contractual Maturities of Total Time Deposits (Dollars in millions) U.S. Non-U.S. Total Due in 2025 $ 187,249 $ 9,891 $ 197,140 Due in 2026 11,464 47 11,511 Due in 2027 275 8 283 Due in 2028 93 28 121 Due in 2029 80 3,100 3,180 Thereafter 123 8 131 Total time deposits $ 199,284 $ 13,082 $ 212,366

Securities Financing Agreemen_2

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 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. 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) December 31, 2024 Securities sold under agreements to repurchase $ 305,577 $ 252,526 $ 87,978 $ 70,148 $ 716,229 Securities loaned 88,256 364 842 9,429 98,891 Other 10,531 — — — 10,531 Total $ 404,364 $ 252,890 $ 88,820 $ 79,577 $ 825,651 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) December 31, 2024 U.S. government and agency securities $ 416,241 $ 130 $ 10 $ 416,381 Corporate securities, trading loans and other 29,483 1,517 3 31,003 Equity securities 30,106 97,240 10,518 137,864 Non-U.S. sovereign debt 232,521 4 — 232,525 Mortgage trading loans and ABS 7,878 — — 7,878 Total $ 716,229 $ 98,891 $ 10,531 $ 825,651 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 Under repurchase agreements, the Corporation is required to post collateral with a market value equal to or in excess of the principal amount borrowed. For securities loaned transactions, the Corporation receives collateral in the form of cash, letters of credit or other securities. To determine whether the market value of the underlying collateral remains sufficient, collateral is generally valued daily, and the Corporation may be required to deposit additional collateral or may receive or return collateral pledged when appropriate. Repurchase agreements and securities loaned transactions are generally either overnight, continuous (i.e., no stated term) or short-term. The Corporation manages liquidity risks related to these agreements by sourcing funding from a diverse group of counterparties, providing a range of securities collateral and pursuing longer durations, when appropriate. Short-term Borrowings The Corporation classifies borrowings with an original maturity of less than one year as short-term borrowings on the Consolidated Balance Sheet. At December 31, 2024 and 2023, the majority of short-term borrowings consisted of Federal Home Loan Bank advances, which totaled $12.7 billion and $13.2 billion, and commercial paper, which totaled $24.2 billion and $13.1 billion.
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 December 31, 2024 and 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. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) December 31, 2024 Securities borrowed or purchased under agreements to resell (3) $ 758,071 $ (483,362) $ 274,709 $ (250,040) $ 24,669 Securities loaned or sold under agreements to repurchase $ 815,120 $ (483,362) $ 331,758 $ (317,974) $ 13,784 Other (4) 10,531 — 10,531 (10,531) — Total $ 825,651 $ (483,362) $ 342,289 $ (328,505) $ 13,784 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 $12.3 billion and $8.7 billion reported in loans and leases on the Consolidated Balance Sheet for December 31, 2024 and 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 December 31, 2024 and 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. Securities Financing Agreements Gross Assets/Liabilities (1) Amounts Offset Net Balance Sheet Amount Financial Instruments (2) Net Assets/Liabilities (Dollars in millions) December 31, 2024 Securities borrowed or purchased under agreements to resell (3) $ 758,071 $ (483,362) $ 274,709 $ (250,040) $ 24,669 Securities loaned or sold under agreements to repurchase $ 815,120 $ (483,362) $ 331,758 $ (317,974) $ 13,784 Other (4) 10,531 — 10,531 (10,531) — Total $ 825,651 $ (483,362) $ 342,289 $ (328,505) $ 13,784 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 $12.3 billion and $8.7 billion reported in loans and leases on the Consolidated Balance Sheet for December 31, 2024 and 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.

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Balance of Long-term Debt	Long-term debt consists of borrowings having an original maturity of one year or more. The table below presents the balance of long-term debt at December 31, 2024 and 2023, and the related contractual rates and maturity dates as of December 31, 2024. Weighted-average Rate December 31 (Dollars in millions) Interest Rates Maturity Dates 2024 2023 Notes issued by Bank of America Corporation (1) Senior notes: Fixed 3.45 % 0.25 - 8.05 % 2025 - 2052 $ 171,603 $ 194,388 Floating 4.71 0.74 - 9.62 2026 - 2074 8,736 14,007 Senior structured notes 17,498 14,895 Subordinated notes: Fixed 5.12 2.94 - 8.13 2025 - 2045 23,539 20,909 Floating 3.44 2.48 - 5.41 2026 - 2037 4,549 4,597 Junior subordinated notes: Fixed 6.71 6.45 - 8.05 2027 - 2066 749 744 Floating 5.65 5.65 2056 1 1 Total notes issued by Bank of America Corporation 226,675 249,541 Notes issued by Bank of America, N.A. Senior notes: Fixed 5.55 5.27 - 5.82 2025 - 2028 5,611 5,076 Floating 4.99 4.82 - 5.59 2025 - 2028 5,851 3,517 Subordinated notes 6.00 6.00 2036 1,401 1,476 Advances from Federal Home Loan Banks: Fixed 4.55 0.01 - 7.42 2025 - 2034 1,015 5,826 Floating 4.64 4.63 - 4.64 2025 400 — Securitizations and other BANA VIEs (2) 8,048 7,892 Other 495 782 Total notes issued by Bank of America, N.A. 22,821 24,569 Other debt Structured liabilities (3) 33,374 27,471 Nonbank VIEs (2) 409 564 Other — 59 Total notes issued by nonbank and other entities 33,783 28,094 Total long-term debt $ 283,279 $ 302,204 (1) Includes total loss-absorbing capacity compliant debt. (2) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet. Long-term debt of VIEs is collateralized by the assets of the VIEs. At December 31, 2024, amount includes debt predominantly from credit card and automobile securitizations of $8.0 billion and other VIEs of $458 million. For more information, see Note 6 – Securitizations and Other Variable Interest Entities. (3) Includes debt outstanding of $11.7 billion and $10.0 billion at December 31, 2024 and 2023 that was issued by BofA Finance LLC, a consolidated finance subsidiary of Bank of America Corporation, the parent company, and is fully and unconditionally guaranteed by the parent company.
Schedule of Maturities of Long-term Debt	The following table shows the carrying value for aggregate annual contractual maturities of long-term debt as of December 31, 2024. Included in the table are certain structured notes issued by the Corporation that contain provisions whereby the borrowings are redeemable at the option of the holder (put options) at specified dates prior to maturity. Other structured notes have coupon or repayment terms linked to the performance of debt or equity securities, indices, currencies or commodities, and the maturity may be accelerated based on the value of a referenced index or security. In both cases, the Corporation or a subsidiary may be required to settle the obligation for cash or other securities prior to the contractual maturity date. These borrowings are reflected in the table as maturing at their contractual maturity date. Long-term Debt by Maturity (Dollars in millions) 2025 2026 2027 2028 2029 Thereafter Total Bank of America Corporation Senior notes $ 3,460 $ 24,830 $ 21,580 $ 27,741 $ 18,498 $ 84,230 $ 180,339 Senior structured notes 1,503 1,512 990 466 1,401 11,626 17,498 Subordinated notes 5,165 4,889 2,074 907 — 15,053 28,088 Junior subordinated notes — — 193 — — 557 750 Total Bank of America Corporation 10,128 31,231 24,837 29,114 19,899 111,466 226,675 Bank of America, N.A. Senior notes 5,601 5,240 — 621 — — 11,462 Subordinated notes — — — — — 1,401 1,401 Advances from Federal Home Loan Banks 1,357 8 3 8 2 37 1,415 Securitizations and other Bank VIEs (1) 2,249 3,041 1,249 1,235 132 142 8,048 Other 180 201 10 13 89 2 495 Total Bank of America, N.A. 9,387 8,490 1,262 1,877 223 1,582 22,821 Other debt Structured Liabilities 6,152 5,779 4,397 1,895 3,309 11,842 33,374 Nonbank VIEs (1) — — — 3 16 390 409 Other — — — — — — — Total other debt 6,152 5,779 4,397 1,898 3,325 12,232 33,783 Total long-term debt $ 25,667 $ 45,500 $ 30,496 $ 32,889 $ 23,447 $ 125,280 $ 283,279 (1) Represents liabilities of consolidated VIEs included in total long-term debt on the Consolidated Balance Sheet.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Credit Extension Commitment Expirations	The following table includes the notional amount of commitments of $2.2 billion and $2.6 billion at December 31, 2024 and 2023 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $144 million and $67 million at December 31, 2024 and 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 21 – Fair Value Option. Credit Extension Commitments Expire in One Expire After One Expire After Three Years Through Expire After Total (Dollars in millions) December 31, 2024 Notional amount of credit extension commitments Loan commitments (1) $ 123,520 $ 227,539 $ 191,469 $ 19,011 $ 561,539 Home equity lines of credit 3,518 10,570 8,920 21,272 44,280 Standby letters of credit and financial guarantees (2) 25,080 8,006 2,589 370 36,045 Letters of credit 781 142 8 19 950 Other commitments (3) 5 52 88 1,028 1,173 Legally binding commitments 152,904 246,309 203,074 41,700 643,987 Credit card lines (4) 456,185 — — — 456,185 Total credit extension commitments $ 609,089 $ 246,309 $ 203,074 $ 41,700 $ 1,100,172 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 December 31, 2024 and 2023, $4.4 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 $25.0 billion and $10.1 billion at December 31, 2024, and $23.6 billion and $9.7 billion at December 31, 2023. Amounts in the table include consumer SBLCs of $1.0 billion and $744 million at December 31, 2024 and 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)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Schedule of Dividends	Declared Quarterly Cash Dividends on Common Stock (1) Declaration Date Record Date Payment Date Dividend Per Share January 29, 2025 March 7, 2025 March 28, 2025 $ 0.26 October 16, 2024 December 6, 2024 December 27, 2024 0.26 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 February 25, 2025.
Schedule of Stockholders Equity	The table below summarizes common stock repurchases during 2024, 2023 and 2022. Common Stock Repurchase Summary (in millions) 2024 2023 2022 Total share repurchases, including CCAR capital plan repurchases 332 147 126 Purchase price of shares repurchased and retired (1) $ 13,104 $ 4,576 $ 5,073 (1) Consists of repurchases pursuant to the Corporation’s CCAR capital plans. The following table presents a summary of perpetual preferred stock outstanding at December 31, 2024. Preferred Stock Summary (Dollars in millions, except as noted) Series Description Initial Total Liquidation Carrying Per Annum Dividend per Share (in dollars) (1) Annual Dividend Redemption Period (2) Series B 7.000% Cumulative Redeemable June 7,065 $ 100 $ 1 7.00 % $ 7 $ — n/a Series E (3) Floating Rate Non-Cumulative November 12,317 25,000 308 3-mo. CME Term SOFR + 61.161 bps (4)(5) 1.50 18 On or after Series F Floating Rate Non-Cumulative March 1,409 100,000 141 3-mo. CME Term SOFR + 66.161 bps (4)(5) 6,010.54 8 On or after Series G Adjustable Rate Non-Cumulative March 4,925 100,000 492 3-mo. CME Term SOFR + 66.161 bps (4)(5) 6,010.54 30 On or after Series L 7.25% Non-Cumulative Perpetual Convertible January 3,080,182 1,000 3,080 7.25 % 72.50 223 n/a Series AA (6) Fixed-to-Floating Rate Non-Cumulative March 76,000 25,000 1,900 6.100% to, but excluding, 3/17/25; 3-mo. CME Term SOFR + 415.961 bps thereafter (5) 61.00 116 On or after Series DD (6) Fixed-to-Floating Rate Non-Cumulative March 40,000 25,000 1,000 6.300% to, but excluding, 3/10/26; 3-mo. CME Term SOFR + 481.461 bps thereafter (5) 63.00 63 On or after Series FF (6) Fixed-to-Floating Rate Non-Cumulative March 90,833 25,000 2,271 5.875% to, but excluding, 3/15/28; 3-mo. CME Term SOFR + 319.261 bps thereafter (5) 58.75 133 On or after Series GG (3) 6.000% Non-Cumulative May 54,000 25,000 1,350 6.000 % 1.50 81 On or after Series HH (3) 5.875% Non-Cumulative July 34,049 25,000 851 5.875 % 1.47 50 On or after Series KK (3) 5.375% Non-Cumulative June 55,273 25,000 1,382 5.375 % 1.34 74 On or after Series LL (3) 5.000% Non-Cumulative September 52,045 25,000 1,301 5.000 % 1.25 65 On or after Series MM (6) Fixed-to-Floating Rate Non-Cumulative January 30,753 25,000 769 4.300% to, but excluding, 1/28/25; 3-mo. CME Term SOFR + 292.561 bps thereafter (5) 43.00 33 On or after Series NN (3) 4.375% Non-Cumulative October 42,993 25,000 1,075 4.375 % 1.09 47 On or after Series PP (3) 4.125% Non-Cumulative January 2021 36,500 25,000 912 4.125 % 1.03 38 On or after Series QQ (3) 4.250% Non-Cumulative October 2021 51,879 25,000 1,297 4.250 % 1.06 55 On or after Series RR (7) 4.375% Fixed-Rate Reset Non-Cumulative January 2022 66,738 25,000 1,668 4.375% to, but excluding 1/27/27; 5-yr U.S. Treasury Rate + 276 bps thereafter 43.75 73 On or after Series SS (3) 4.750% Non-Cumulative January 2022 27,463 25,000 687 4.750 % 1.19 33 On or after Series TT (7) 6.125% Fixed-Rate Reset Non-Cumulative April 2022 80,000 25,000 2,000 6.125% to, but excluding, 4/27/27; 5-yr U.S. Treasury Rate + 323.1 bps thereafter 61.25 122 On or after Series 1 (8) Floating Rate Non-Cumulative November 3,185 30,000 96 3-mo. CME Term SOFR + 101.161 bps (5)(9) 1.57 6 On or after Series 2 (8) Floating Rate Non-Cumulative March 9,967 30,000 299 3-mo. CME Term SOFR + 91.161 bps (5)(9) 1.57 19 On or after Series 4 (8) Floating Rate Non-Cumulative November 7,010 30,000 210 3-mo. CME Term SOFR + 101.161 bps (4)(5) 1.60 13 On or after Series 5 (8) Floating Rate Non-Cumulative March 13,331 30,000 400 3-mo. CME Term SOFR + 76.161 bps (4)(5) 1.54 25 On or after Issuance costs and certain adjustments (331) Total 3,877,917 $ 23,159 (1) For all series of preferred stock other than Series B, Series F, Series G and Series L, “Dividend per Share” means the amount of dividends per depositary share of such series. (2) The Corporation may redeem series of preferred stock on or after the redemption date, in whole or in part, at its option, at the liquidation preference plus declared and unpaid dividends. Series B and Series L Preferred Stock do not have early redemption/call rights. (3) Ownership is held in the form of depositary shares, each representing a 1/1,000th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (4) Subject to 4.00% minimum rate per annum. (5) The number of basis points to be added to 3-mo. Term SOFR is equal to the original basis point spread applicable to floating rate periods when the preferred stock was originally issued, plus a tenor spread adjustment of 26.161 bps relating to the transition from 3-mo. LIBOR to 3-mo. Term SOFR. (6) Ownership is held in the form of depositary shares, each representing a 1/25th interest in a share of preferred stock, paying a semi-annual cash dividend, if and when declared, until the first redemption date at which time, it adjusts to a quarterly cash dividend, if and when declared, thereafter. (7) Ownership is held in the form of depositary shares, each representing a 1/25th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (8) Ownership is held in the form of depositary shares, each representing a 1/1,200th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared. (9) Subject to 3.00% minimum rate per annum. n/a = not applicable

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Schedule of Accumulated OCI	The table below presents the changes in accumulated OCI after-tax for 2024, 2023 and 2022. (Dollars in millions) Debt Securities Debit Valuation Adjustments Derivatives Employee Benefit Plans Foreign Currency Total Balance, December 31, 2021 $ 3,045 $ (1,636) $ (1,880) $ (3,642) $ (991) $ (5,104) Net change (6,028) 755 (10,055) (667) (57) (16,052) Balance, December 31, 2022 $ (2,983) $ (881) $ (11,935) $ (4,309) $ (1,048) $ (21,156) Net change 573 (686) 3,919 (439) 1 3,368 Balance, December 31, 2023 $ (2,410) $ (1,567) $ (8,016) $ (4,748) $ (1,047) $ (17,788) Net change 158 (127) 2,428 131 (87) 2,503 Balance, December 31, 2024 $ (2,252) $ (1,694) $ (5,588) $ (4,617) $ (1,134) $ (15,285)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	The table below 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 2024, 2023 and 2022. Pretax Tax After- Pretax Tax After- Pretax Tax effect After- (Dollars in millions) 2024 2023 2022 Debt securities: Net increase (decrease) in fair value $ 185 $ (49) $ 136 $ 348 $ (79) $ 269 $ (7,995) $ 1,991 $ (6,004) Net realized (gains) losses reclassified into earnings (1) 29 (7) 22 405 (101) 304 (32) 8 (24) Net change 214 (56) 158 753 (180) 573 (8,027) 1,999 (6,028) Debit valuation adjustments: Net increase (decrease) in fair value (180) 45 (135) (917) 223 (694) 980 (237) 743 Net realized (gains) losses reclassified into earnings (1) 12 (4) 8 11 (3) 8 16 (4) 12 Net change (168) 41 (127) (906) 220 (686) 996 (241) 755 Derivatives: Net increase (decrease) in fair value 433 (107) 326 2,064 (514) 1,550 (13,711) 3,430 (10,281) Reclassifications into earnings: Net interest income 2,692 (674) 2,018 1,153 (288) 865 332 (84) 248 Market making and similar activities 146 (35) 111 2,031 (508) 1,523 — — — Compensation and benefits expense (35) 8 (27) (25) 6 (19) (29) 7 (22) Net realized (gains) losses reclassified into earnings 2,803 (701) 2,102 3,159 (790) 2,369 303 (77) 226 Net change 3,236 (808) 2,428 5,223 (1,304) 3,919 (13,408) 3,353 (10,055) Employee benefit plans: Net increase (decrease) in fair value 29 (8) 21 (642) 162 (480) (1,103) 276 (827) Net actuarial losses and other reclassified into earnings (2) 148 (37) 111 56 (16) 40 198 (49) 149 Settlements, curtailments and other (1) — (1) 1 — 1 11 — 11 Net change 176 (45) 131 (585) 146 (439) (894) 227 (667) Foreign currency: Net increase (decrease) in fair value 521 (615) (94) (177) 192 15 332 (390) (58) Net realized (gains) losses reclassified into earnings (1) 41 (34) 7 (48) 34 (14) — 1 1 Net change 562 (649) (87) (225) 226 1 332 (389) (57) Total other comprehensive income (loss) $ 4,020 $ (1,517) $ 2,503 $ 4,260 $ (892) $ 3,368 $ (21,001) $ 4,949 $ (16,052) (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)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Calculation of earnings per common share and diluted earnings per common share	The calculation of EPS and diluted EPS for 2024, 2023 and 2022 is presented below. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles. (In millions, except per share information) 2024 2023 2022 Earnings per common share Net income $ 27,132 $ 26,515 $ 27,528 Preferred stock dividends (1,629) (1,649) (1,513) Net income applicable to common shareholders $ 25,503 $ 24,866 $ 26,015 Average common shares issued and outstanding 7,855.5 8,028.6 8,113.7 Earnings per common share $ 3.25 $ 3.10 $ 3.21 Diluted earnings per common share Net income applicable to common shareholders $ 25,503 $ 24,866 $ 26,015 Average common shares issued and outstanding 7,855.5 8,028.6 8,113.7 Dilutive potential common shares (1) 80.3 51.9 53.8 Total diluted average common shares issued and outstanding 7,935.8 8,080.5 8,167.5 Diluted earnings per common share $ 3.21 $ 3.08 $ 3.19 (1) Includes incremental dilutive shares from preferred stock, restricted stock units, restricted stock and warrants.

Regulatory Requirements and R_2

Regulatory Requirements and Restrictions (Tables)	12 Months Ended
	Dec. 31, 2024
Banking and Thrift, Interest [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table presents capital ratios and related information in accordance with Basel 3 Standardized and Advanced approaches as measured at December 31, 2024 and 2023 for the Corporation and BANA. Regulatory Capital under Basel 3 Bank of America Corporation Bank of America, N.A. Standardized Approach (1) Advanced Approaches (1) Regulatory Minimum (2) Standardized Approach (1) Advanced Approaches (1) Regulatory Minimum (3) (Dollars in millions, except as noted) December 31, 2024 Risk-based capital metrics: Common equity tier 1 capital $ 201,083 $ 201,083 $ 194,341 $ 194,341 Tier 1 capital 223,458 223,458 194,341 194,341 Total capital (4) 255,363 244,809 209,256 198,923 Risk-weighted assets (in billions) 1,696 1,490 1,444 1,151 Common equity tier 1 capital ratio 11.9 % 13.5 % 10.7 % 13.5 % 16.9 % 7.0 % Tier 1 capital ratio 13.2 15.0 12.2 13.5 16.9 8.5 Total capital ratio 15.1 16.4 14.2 14.5 17.3 10.5 Leverage-based metrics: Adjusted quarterly average assets (in billions) (5) $ 3,240 $ 3,240 $ 2,546 $ 2,546 Tier 1 leverage ratio 6.9 % 6.9 % 4.0 7.6 % 7.6 % 5.0 Supplementary leverage exposure (in billions) $ 3,818 $ 3,015 Supplementary leverage ratio 5.9 % 5.0 6.4 % 6.0 December 31, 2023 Risk-based capital metrics: Common equity tier 1 capital $ 194,928 $ 194,928 $ 187,621 $ 187,621 Tier 1 capital 223,323 223,323 187,621 187,621 Total capital (4) 251,399 241,449 201,932 192,175 Risk-weighted assets (in billions) 1,651 1,459 1,395 1,114 Common equity tier 1 capital ratio 11.8 % 13.4 % 9.5 % 13.5 % 16.8 % 7.0 % Tier 1 capital ratio 13.5 15.3 11.0 13.5 16.8 8.5 Total capital ratio 15.2 16.6 13.0 14.5 17.2 10.5 Leverage-based metrics: Adjusted quarterly average assets (in billions) (5) $ 3,135 $ 3,135 $ 2,471 $ 2,471 Tier 1 leverage ratio 7.1 % 7.1 % 4.0 7.6 % 7.6 % 5.0 Supplementary leverage exposure (in billions) $ 3,676 $ 2,910 Supplementary leverage ratio 6.1 % 5.0 6.4 % 6.0 (1) As of December 31, 2024 and 2023, capital ratios are calculated using the regulatory capital rule that allows a five-year transition period related to the adoption of the current expected credit losses accounting standard on January 1, 2020. (2) The CET1 capital regulatory minimum is the sum of the CET1 capital ratio minimum of 4.5 percent, the Corporation’s G-SIB surcharge of 3.0 percent at December 31, 2024 and 2.5 percent at December 31, 2023, and SCB (under the Standardized approach) of 3.2 percent at December 31, 2024 and 2.5 percent at December 31, 2023. The countercyclical capital buffer was zero for both periods. The SLR regulatory minimum includes a leverage buffer of 2.0 percent. (3) Risk-based capital regulatory minimums at both December 31, 2024 and 2023 are the minimum ratios under Basel 3 including a capital conservation buffer of 2.5 percent. The regulatory minimums for the leverage ratios as of both period ends are the percent required to be considered well capitalized under the PCA framework. (4) Total capital under the Advanced approaches differs from the Standardized approach due to differences in the amount permitted in Tier 2 capital related to the qualifying allowance for credit losses. (5) Reflects total average assets adjusted for certain Tier 1 capital deductions.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The Pension and Postretirement Plans table summarizes the changes in the fair value of plan assets, changes in the projected benefit obligation (PBO), the funded status of both the accumulated benefit obligation (ABO) and the PBO, and the weighted-average assumptions used to determine benefit obligations for the pension plans and postretirement plans at December 31, 2024 and 2023. The estimate of the Corporation’s PBO associated with these plans considers various actuarial assumptions, including assumptions for mortality rates and discount rates. The discount rate assumptions are derived from a cash flow matching technique that utilizes rates that are based on Aa-rated corporate bonds with cash flows that match estimated benefit payments of each of the plans. The increases in the weighted-average discount rates in 2024 resulted in a decrease to the PBO of $767 million at December 31, 2024. The decreases in the weighted-average discount rates in 2023 resulted in an increase to the PBO of approximately $511 million at December 31, 2023. Significant gains and losses related to changes in the PBO for 2024 and 2023 primarily resulted from changes in the discount rate. Pension and Postretirement Plans (1) Qualified Non-U.S. Nonqualified and Other Postretirement (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 Fair value, January 1 $ 17,632 $ 17,258 $ 1,779 $ 1,728 $ 1,849 $ 1,886 $ 98 $ 107 Actual return on plan assets 984 1,436 (103) 17 33 103 4 5 Company contributions — — 24 28 80 80 16 43 Plan participant contributions — — 1 1 — — 106 102 Settlements and curtailments — — (1) (12) — — — — Benefits paid (992) (1,062) (77) (80) (223) (220) (136) (159) Foreign currency exchange rate changes n/a n/a (43) 97 n/a n/a n/a n/a Fair value, December 31 $ 17,624 $ 17,632 $ 1,580 $ 1,779 $ 1,739 $ 1,849 $ 88 $ 98 Change in projected benefit obligation Projected benefit obligation, January 1 $ 11,769 $ 11,580 $ 1,974 $ 1,752 $ 2,092 $ 2,109 $ 672 $ 700 Service cost — — 31 27 — — 2 2 Interest cost 587 616 86 80 103 111 33 36 Plan participant contributions — — 1 1 — — 106 102 Plan amendments — — (9) 4 — — — — Settlements and curtailments — — (1) (12) — — — — Actuarial loss (gain) (259) 635 (185) 121 (6) 92 (37) (9) Benefits paid (992) (1,062) (77) (80) (223) (220) (136) (160) Foreign currency exchange rate changes n/a n/a (51) 81 n/a n/a — 1 Projected benefit obligation, December 31 $ 11,105 $ 11,769 $ 1,769 $ 1,974 $ 1,966 $ 2,092 $ 640 $ 672 Amounts recognized on Consolidated Balance Sheet Other assets $ 6,519 $ 5,863 $ 234 $ 235 $ 431 $ 452 $ — $ — Accrued expenses and other liabilities — — (423) (430) (658) (695) (552) (574) Net amount recognized, December 31 $ 6,519 $ 5,863 $ (189) $ (195) $ (227) $ (243) $ (552) $ (574) Funded status, December 31 Accumulated benefit obligation $ 11,105 $ 11,769 $ 1,696 $ 1,903 $ 1,966 $ 2,091 n/a n/a Overfunded (unfunded) status of ABO 6,519 5,863 (116) (124) (227) (242) n/a n/a Provision for future salaries — — 73 71 — 1 n/a n/a Projected benefit obligation 11,105 11,769 1,769 1,974 1,966 2,092 $ 640 $ 672 Weighted-average assumptions, December 31 Discount rate 5.67 % 5.13 % 5.15 % 4.48 % 5.61 % 5.19 % 5.78 % 5.17 % Rate of compensation increase n/a n/a 4.35 4.33 4.00 4.00 n/a n/a Interest-crediting rate 5.42 % 5.43 % 2.08 1.98 4.73 4.91 n/a n/a (1) The measurement date for all of the above plans was December 31 of each year reported. n/a = not applicable
Schedule of Amounts Recognized in Balance Sheet	The Pension and Postretirement Plans table summarizes the changes in the fair value of plan assets, changes in the projected benefit obligation (PBO), the funded status of both the accumulated benefit obligation (ABO) and the PBO, and the weighted-average assumptions used to determine benefit obligations for the pension plans and postretirement plans at December 31, 2024 and 2023. The estimate of the Corporation’s PBO associated with these plans considers various actuarial assumptions, including assumptions for mortality rates and discount rates. The discount rate assumptions are derived from a cash flow matching technique that utilizes rates that are based on Aa-rated corporate bonds with cash flows that match estimated benefit payments of each of the plans. The increases in the weighted-average discount rates in 2024 resulted in a decrease to the PBO of $767 million at December 31, 2024. The decreases in the weighted-average discount rates in 2023 resulted in an increase to the PBO of approximately $511 million at December 31, 2023. Significant gains and losses related to changes in the PBO for 2024 and 2023 primarily resulted from changes in the discount rate. Pension and Postretirement Plans (1) Qualified Non-U.S. Nonqualified and Other Postretirement (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 Fair value, January 1 $ 17,632 $ 17,258 $ 1,779 $ 1,728 $ 1,849 $ 1,886 $ 98 $ 107 Actual return on plan assets 984 1,436 (103) 17 33 103 4 5 Company contributions — — 24 28 80 80 16 43 Plan participant contributions — — 1 1 — — 106 102 Settlements and curtailments — — (1) (12) — — — — Benefits paid (992) (1,062) (77) (80) (223) (220) (136) (159) Foreign currency exchange rate changes n/a n/a (43) 97 n/a n/a n/a n/a Fair value, December 31 $ 17,624 $ 17,632 $ 1,580 $ 1,779 $ 1,739 $ 1,849 $ 88 $ 98 Change in projected benefit obligation Projected benefit obligation, January 1 $ 11,769 $ 11,580 $ 1,974 $ 1,752 $ 2,092 $ 2,109 $ 672 $ 700 Service cost — — 31 27 — — 2 2 Interest cost 587 616 86 80 103 111 33 36 Plan participant contributions — — 1 1 — — 106 102 Plan amendments — — (9) 4 — — — — Settlements and curtailments — — (1) (12) — — — — Actuarial loss (gain) (259) 635 (185) 121 (6) 92 (37) (9) Benefits paid (992) (1,062) (77) (80) (223) (220) (136) (160) Foreign currency exchange rate changes n/a n/a (51) 81 n/a n/a — 1 Projected benefit obligation, December 31 $ 11,105 $ 11,769 $ 1,769 $ 1,974 $ 1,966 $ 2,092 $ 640 $ 672 Amounts recognized on Consolidated Balance Sheet Other assets $ 6,519 $ 5,863 $ 234 $ 235 $ 431 $ 452 $ — $ — Accrued expenses and other liabilities — — (423) (430) (658) (695) (552) (574) Net amount recognized, December 31 $ 6,519 $ 5,863 $ (189) $ (195) $ (227) $ (243) $ (552) $ (574) Funded status, December 31 Accumulated benefit obligation $ 11,105 $ 11,769 $ 1,696 $ 1,903 $ 1,966 $ 2,091 n/a n/a Overfunded (unfunded) status of ABO 6,519 5,863 (116) (124) (227) (242) n/a n/a Provision for future salaries — — 73 71 — 1 n/a n/a Projected benefit obligation 11,105 11,769 1,769 1,974 1,966 2,092 $ 640 $ 672 Weighted-average assumptions, December 31 Discount rate 5.67 % 5.13 % 5.15 % 4.48 % 5.61 % 5.19 % 5.78 % 5.17 % Rate of compensation increase n/a n/a 4.35 4.33 4.00 4.00 n/a n/a Interest-crediting rate 5.42 % 5.43 % 2.08 1.98 4.73 4.91 n/a n/a (1) The measurement date for all of the above plans was December 31 of each year reported. n/a = not applicable
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets	Pension Plans with ABO and PBO in excess of plan assets as of December 31, 2024 and 2023 are presented in the table below. For these plans, funding strategies vary due to legal requirements and local practices. Plans with ABO and PBO in Excess of Plan Assets Non-U.S. Nonqualified (Dollars in millions) 2024 2023 2024 2023 PBO $ 496 $ 499 $ 659 $ 695 ABO 433 445 659 695 Fair value of plan assets 75 75 — 1
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	Pension Plans with ABO and PBO in excess of plan assets as of December 31, 2024 and 2023 are presented in the table below. For these plans, funding strategies vary due to legal requirements and local practices. Plans with ABO and PBO in Excess of Plan Assets Non-U.S. Nonqualified (Dollars in millions) 2024 2023 2024 2023 PBO $ 496 $ 499 $ 659 $ 695 ABO 433 445 659 695 Fair value of plan assets 75 75 — 1
Schedule of Net Benefit Costs	Components of Net Periodic Benefit Cost Qualified Pension Plan Non-U.S. Pension Plans (Dollars in millions) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost (income) Service cost $ — $ — $ — $ 31 $ 27 $ 29 Interest cost 587 616 438 86 80 53 Expected return on plan assets (1,206) (1,191) (1,204) (89) (72) (59) Amortization of actuarial loss (gain) and prior service cost 134 94 140 16 11 14 Recognized loss (gain) due to settlements, curtailments, and other — — — (1) 1 10 Net periodic benefit cost (income) $ (485) $ (481) $ (626) $ 43 $ 47 $ 47 Weighted-average assumptions used to determine net cost for years ended December 31 Discount rate 5.13 % 5.54 % 2.86 % 4.48 % 4.59 % 1.85 % Expected return on plan assets 6.50 6.50 5.75 5.18 4.17 2.17 Rate of compensation increase n/a n/a n/a 4.33 4.25 4.46 Nonqualified and Postretirement Health (Dollars in millions) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost (income) Service cost $ — $ — $ — $ 2 $ 2 $ 4 Interest cost 103 111 74 33 36 25 Expected return on plan assets (90) (97) (59) (3) (2) (2) Amortization of actuarial loss (gain) and prior service cost 33 29 54 (35) (78) (9) Recognized loss (gain) due to settlements, curtailments, and other — — 1 — — — Net periodic benefit cost (income) $ 46 $ 43 $ 70 $ (3) $ (42) $ 18 Weighted-average assumptions used to determine net cost for years ended December 31 Discount rate 5.19 % 5.58 % 2.80 % 5.17 % 5.56 % 2.85 % Expected return on plan assets 4.73 4.98 2.38 3.40 2.00 2.00 Rate of compensation increase 4.00 4.00 4.00 n/a n/a n/a n/a = not applicable
Schedule of Pretax Amounts Included in Accumulated OCI	The Corporation’s net periodic benefit cost (income) recognized for the plans is sensitive to the discount rate and expected return on plan assets. For the Qualified Pension Plan, Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans, a 25 bps decline in discount rates and expected return on assets would not have had a significant impact on the net periodic benefit cost for 2024. Pretax Amounts included in Accumulated OCI and OCI Qualified Non-U.S. Nonqualified Postretirement Total (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Net actuarial loss (gain) $ 4,901 $ 5,072 $ 468 $ 478 $ 870 $ 852 $ (128) $ (125) $ 6,111 $ 6,277 Prior service cost (credits) — — 36 46 — — — — 36 46 Amounts recognized in accumulated OCI $ 4,901 $ 5,072 $ 504 $ 524 $ 870 $ 852 $ (128) $ (125) $ 6,147 $ 6,323 Current year actuarial loss (gain) $ (37) $ 391 $ 5 $ 177 $ 51 $ 85 $ (38) $ (15) $ (19) $ 638 Amortization of actuarial gain (loss) and prior service cost (134) (94) (16) (12) (33) (29) 35 78 (148) (57) Current year prior service cost (credit) — — (9) 4 — — — — (9) 4 Amounts recognized in OCI $ (171) $ 297 $ (20) $ 169 $ 18 $ 56 $ (3) $ 63 $ (176) $ 585
Schedule of Pretax Amounts Recognized in OCI	The Corporation’s net periodic benefit cost (income) recognized for the plans is sensitive to the discount rate and expected return on plan assets. For the Qualified Pension Plan, Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans, a 25 bps decline in discount rates and expected return on assets would not have had a significant impact on the net periodic benefit cost for 2024. Pretax Amounts included in Accumulated OCI and OCI Qualified Non-U.S. Nonqualified Postretirement Total (Dollars in millions) 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Net actuarial loss (gain) $ 4,901 $ 5,072 $ 468 $ 478 $ 870 $ 852 $ (128) $ (125) $ 6,111 $ 6,277 Prior service cost (credits) — — 36 46 — — — — 36 46 Amounts recognized in accumulated OCI $ 4,901 $ 5,072 $ 504 $ 524 $ 870 $ 852 $ (128) $ (125) $ 6,147 $ 6,323 Current year actuarial loss (gain) $ (37) $ 391 $ 5 $ 177 $ 51 $ 85 $ (38) $ (15) $ (19) $ 638 Amortization of actuarial gain (loss) and prior service cost (134) (94) (16) (12) (33) (29) 35 78 (148) (57) Current year prior service cost (credit) — — (9) 4 — — — — (9) 4 Amounts recognized in OCI $ (171) $ 297 $ (20) $ 169 $ 18 $ 56 $ (3) $ 63 $ (176) $ 585
Schedule of Allocation of Plan Assets	The target allocations for 2025 by asset category for the Qualified Pension Plan, Non-U.S. Pension Plans, and Nonqualified and Other Pension Plans are presented in the table below. Equity securities for the Qualified Pension Plan include common stock of the Corporation in the amounts of $386 million (2.19 percent of total plan assets) and $299 million (1.69 percent of total plan assets) at December 31, 2024, and 2023. 2025 Target Allocation Percentage Asset Category Qualified Non-U.S. Nonqualified Equity securities 10 - 40% 0 - 10% 0 - 5% Debt securities 50 - 85% 50 - 80% 95 - 100% Real estate 0 - 10% 0 - 10% 0 - 5% Other 0 - 10% 20 - 45% 0 - 5%
Schedule of Changes in Fair Value of Plan Assets	Combined plan investment assets measured at fair value by level and in total at December 31, 2024 and 2023 are summarized in the Fair Value Measurements table. Fair Value Measurements Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (Dollars in millions) December 31, 2024 December 31, 2023 Money market and interest-bearing cash $ 1,103 $ — $ — $ 1,103 $ 1,013 $ — $ — $ 1,013 U.S. government and government agency obligations 3,875 754 3 4,632 3,692 729 4 4,425 Corporate debt — 2,931 — 2,931 — 3,343 — 3,343 Non-U.S. debt securities 474 889 — 1,363 567 987 — 1,554 Asset-backed securities — 1,361 — 1,361 — 1,464 — 1,464 Mutual and exchange-traded funds 920 — — 920 953 — — 953 Collective investment funds — 2,670 — 2,670 — 2,350 — 2,350 Common and preferred stocks 3,795 — — 3,795 4,027 — — 4,027 Real estate investment trusts 36 — — 36 45 — — 45 Participant loans — — 6 6 — — 6 6 Other investments (1) 1 11 451 463 1 47 427 475 Total plan investment assets, at fair value (2) $ 10,204 $ 8,616 $ 460 $ 19,280 $ 10,298 $ 8,920 $ 437 $ 19,655 (1) Other investments includes insurance annuity contracts of $432 million and $404 million and other various investments of $31 million and $71 million at December 31, 2024 and 2023. (2) At December 31, 2024 and 2023, excludes $1.8 billion and $1.7 billion of certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient and are not required to be classified in the fair value hierarchy.
Schedule of Expected Benefit Payments	Benefit payments projected to be made from the Qualified Pension Plan, Non-U.S. Pension Plans, Nonqualified and Other Pension Plans, and Postretirement Health and Life Plans are presented in the table below. Projected Benefit Payments (Dollars in millions) Qualified Pension Plan (1) Non-U.S. Pension Plans (2) Nonqualified and Other Pension Plans (2) Postretirement Health and Life Plans (3) 2025 $ 909 $ 106 $ 233 $ 65 2026 936 111 225 63 2027 923 114 218 61 2028 913 120 205 58 2029 906 121 194 56 2030-2034 4,225 632 816 246 (1) Benefit payments expected to be made from the plan’s assets. (2) Benefit payments expected to be made from a combination of the plans’ and the Corporation’s assets. (3) Benefit payments (net of retiree contributions) expected to be made from a combination of the plans’ and the Corporation’s assets.

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The table below presents the status at December 31, 2024 of the share-settled restricted stock and restricted stock units and changes during 2024. Stock-settled Restricted Stock and Restricted Stock Units Shares/Units Weighted- Outstanding at January 1, 2024 233,510,155 $ 37.17 Granted 117,371,236 32.61 Vested (75,327,933) 36.27 Canceled (10,529,794) 36.54 Outstanding at December 31, 2024 265,023,664 35.43

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense for 2024, 2023 and 2022 are presented in the table below. Income Tax Expense (Dollars in millions) 2024 2023 2022 Current income tax expense U.S. federal $ 1,188 $ 1,361 $ 1,157 U.S. state and local 603 559 389 Non-U.S. 2,065 1,918 1,156 Total current expense 3,856 3,838 2,702 Deferred income tax expense U.S. federal (2,271) (2,241) 110 U.S. state and local 138 (53) 254 Non-U.S. 399 283 375 Total deferred expense (1,734) (2,011) 739 Total income tax expense $ 2,122 $ 1,827 $ 3,441
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the expected U.S. federal income tax expense, calculated by applying the federal statutory tax rate, to the Corporation’s actual income tax expense, and the effective tax rates for 2024, 2023 and 2022 are presented in the following table. Reconciliation of Income Tax Expense Amount Percent Amount Percent Amount Percent (Dollars in millions) 2024 2023 2022 Expected U.S. federal income tax expense $ 6,143 21.0 % $ 5,952 21.0 % $ 6,504 21.0 % Increase (decrease) in taxes resulting from: State tax expense, net of federal benefit 678 2.3 475 1.7 756 2.4 Affordable housing/energy/other credits (5,100) (17.4) (4,920) (17.4) (3,698) (11.9) Tax-exempt income, including dividends (416) (1.4) (373) (1.3) (273) (0.9) Tax law changes — — (137) (0.5) 186 0.6 Changes in prior-period UTBs, including interest (99) (0.3) (26) (0.1) (273) (0.9) Rate differential on non-U.S. earnings 635 2.2 601 2.1 368 1.2 Nondeductible expenses 365 1.2 367 1.3 352 1.1 Other (84) (0.3) (112) (0.4) (481) (1.5) Total income tax expense $ 2,122 7.3 % $ 1,827 6.4 % $ 3,441 11.1 %
Reconciliation of Change in Unrecognized Tax Benefits	The reconciliation of the beginning unrecognized tax benefits (UTB) balance to the ending balance is presented in the table below. Reconciliation of the Change in Unrecognized Tax Benefits (Dollars in millions) 2024 2023 2022 Balance, January 1 $ 811 $ 1,056 $ 1,322 Increases related to positions taken during the current year 55 76 121 Increases related to positions taken during prior years (1) 39 139 167 Decreases related to positions taken during prior years (1) (134) (32) (289) Settlements (62) (380) (99) Expiration of statute of limitations (25) (48) (166) Balance, December 31 $ 684 $ 811 $ 1,056 (1) The sum of the positions taken during prior years differs from the $(99) million, $(26) million and $(273) million in the Reconciliation of Income Tax Expense table due to temporary items, state items and jurisdictional offsets, as well as the inclusion of interest in the Reconciliation of Income Tax Expense table.
Summary of Income Tax Examinations	The table below summarizes the status of examinations by major jurisdiction for the Corporation and various subsidiaries at December 31, 2024. Tax Examination Status Years under Examination (1) Status at United States 2017-2021 Field Examination California 2015-2017 Field Examination California 2018-2021 Field Examination New York 2019-2021 Field Examination United Kingdom (2) 2021-2022 Field Examination (1) All tax years subsequent to the years shown remain subject to examination. (2) Field examination for tax year 2023 to begin in 2025.
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Corporation’s net deferred tax assets and liabilities at December 31, 2024 and 2023 are presented in the following table. Deferred Tax Assets and Liabilities December 31 (Dollars in millions) 2024 2023 Deferred tax assets Tax attribute carryforwards $ 11,863 $ 11,084 Allowance for credit losses 3,463 3,518 Security, loan and debt valuations 2,680 3,991 Lease liability 2,169 2,328 Employee compensation and retirement benefits 1,760 1,698 Accrued expenses 1,379 1,640 Other 1,983 1,475 Gross deferred tax assets 25,297 25,734 Valuation allowance (2,361) (2,108) Total deferred tax assets, net of valuation 22,936 23,626 Deferred tax liabilities Equipment lease financing 3,021 2,488 Right-of-use asset 2,025 2,180 Tax credit investments 1,921 1,884 Fixed assets 151 789 Other 1,769 1,913 Gross deferred tax liabilities 8,887 9,254 Net deferred tax assets $ 14,049 $ 14,372
Schedule of Operating Loss Carryforwards	The table below summarizes the deferred tax assets and related valuation allowances recognized for the net operating loss (NOL) and tax credit carryforwards at December 31, 2024. Net Operating Loss and Tax Credit Carryforward Deferred Tax Assets (Dollars in millions) Deferred Valuation Net First Year Net operating losses - U.K. (1) $ 7,519 $ — $ 7,519 None Net operating losses - other non-U.S. 135 (41) 94 Various Net operating losses - U.S. states (2) 525 (363) 162 Various General business credits 2,861 — 2,861 Various Foreign tax credits 823 (823) — After 2028 (1) Represents U.K. broker-dealer net operating losses that may be carried forward indefinitely. (2) The net operating losses and related valuation allowances for U.S. states before considering the benefit of federal deductions were $664 million and $459 million.
Summary of Tax Credit Carryforwards	The table below summarizes the deferred tax assets and related valuation allowances recognized for the net operating loss (NOL) and tax credit carryforwards at December 31, 2024. Net Operating Loss and Tax Credit Carryforward Deferred Tax Assets (Dollars in millions) Deferred Valuation Net First Year Net operating losses - U.K. (1) $ 7,519 $ — $ 7,519 None Net operating losses - other non-U.S. 135 (41) 94 Various Net operating losses - U.S. states (2) 525 (363) 162 Various General business credits 2,861 — 2,861 Various Foreign tax credits 823 (823) — After 2028 (1) Represents U.K. broker-dealer net operating losses that may be carried forward indefinitely. (2) The net operating losses and related valuation allowances for U.S. states before considering the benefit of federal deductions were $664 million and $459 million.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2024 and 2023, including financial instruments that the Corporation accounts for under the fair value option, are summarized in the following tables. December 31, 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 $ 1,318 $ — $ — $ — $ 1,318 Federal funds sold and securities borrowed or purchased under agreements to resell — 521,878 — (377,377) 144,501 Trading account assets: U.S. Treasury and government agencies 66,582 3,940 — — 70,522 Corporate securities, trading loans and other — 43,222 1,814 — 45,036 Equity securities 66,783 36,450 374 — 103,607 Non-U.S. sovereign debt 3,017 36,763 344 — 40,124 Mortgage trading loans, MBS and ABS: U.S. government-sponsored agency guaranteed — 43,850 5 — 43,855 Mortgage trading loans, ABS and other MBS — 10,343 973 — 11,316 Total trading account assets (2) 136,382 174,568 3,510 — 314,460 Derivative assets 14,626 289,940 3,562 (267,180) 40,948 AFS debt securities: U.S. Treasury and government agencies 233,671 908 — — 234,579 Mortgage-backed securities: Agency — 31,202 — — 31,202 Agency-collateralized mortgage obligations — 19,318 — — 19,318 Non-agency residential — 38 247 — 285 Commercial — 25,274 328 — 25,602 Non-U.S. securities 75 22,320 36 — 22,431 Other taxable securities — 4,603 — — 4,603 Tax-exempt securities — 8,412 — — 8,412 Total AFS debt securities 233,746 112,075 611 — 346,432 Other debt securities carried at fair value: U.S. Treasury and government agencies 3,885 — — — 3,885 Non-agency residential MBS — 101 149 — 250 Non-U.S. and other securities 854 7,186 — — 8,040 Total other debt securities carried at fair value 4,739 7,287 149 — 12,175 Loans and leases — 4,167 82 — 4,249 Loans held-for-sale — 2,082 132 — 2,214 Other assets (3) 8,279 2,928 1,969 — 13,176 Total assets (4) $ 399,090 $ 1,114,925 $ 10,015 $ (644,557) $ 879,473 Liabilities Interest-bearing deposits in U.S. offices $ — $ 310 $ — $ — $ 310 Federal funds purchased and securities loaned or sold under agreements to repurchase — 570,236 — (377,377) 192,859 Trading account liabilities: U.S. Treasury and government agencies 16,408 195 — — 16,603 Equity securities 40,066 4,843 10 — 44,919 Non-U.S. sovereign debt 2,727 17,279 — — 20,006 Corporate securities and other — 10,871 110 — 10,981 Mortgage trading loans and ABS — 34 — — 34 Total trading account liabilities 59,201 33,222 120 — 92,543 Derivative liabilities 15,354 284,810 5,523 (266,334) 39,353 Short-term borrowings — 6,245 — — 6,245 Accrued expenses and other liabilities 9,113 3,997 89 — 13,199 Long-term debt — 49,452 553 — 50,005 Total liabilities (4) $ 83,668 $ 948,272 $ 6,285 $ (643,711) $ 394,514 (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 $18.3 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 $99 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 $972 million. (4) Total recurring Level 3 assets were 0.31 percent of total consolidated assets, and total recurring Level 3 liabilities were 0.21 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	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 December 31 Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Year Ended December 31, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,689 $ 87 $ (6) $ 1,128 $ (913) $ 44 $ (1,158) $ 1,125 $ (182) $ 1,814 $ 324 Equity securities 187 50 — 255 (65) — (62) 62 (53) 374 (12) Non-U.S. sovereign debt 396 (1) (57) 82 (16) — (79) 19 — 344 — Mortgage trading loans, MBS and ABS 1,217 (151) — 420 (617) — (63) 369 (197) 978 (172) Total trading account assets 3,489 (15) (63) 1,885 (1,611) 44 (1,362) 1,575 (432) 3,510 140 Net derivative assets (liabilities) (4) (2,494) 1,035 — 1,104 (1,338) — (576) (696) 1,004 (1,961) (132) AFS debt securities: Non-agency residential MBS 273 8 57 — — — (152) 191 (130) 247 6 Commercial MBS — (8) 1 338 — — (3) — — 328 (8) Non-U.S. and other taxable securities 103 (1) — — — — (66) 7 (7) 36 1 Total AFS debt securities 376 (1) 58 338 — — (221) 198 (137) 611 (1) Other debt securities carried at fair value – Non-agency residential MBS 69 5 — — — — (27) 118 (16) 149 (1) Loans and leases (5,6) 93 1 — — — 1 (13) — — 82 — Loans held-for-sale (5,6) 164 (6) (7) 25 — 1 (45) — — 132 (15) Other assets (6,7) 1,657 279 (52) 272 (6) 139 (321) 1 — 1,969 47 Trading account liabilities – Equity securities (12) 9 — — (4) — 7 (21) 11 (10) 6 Trading account liabilities – Corporate securities and other (39) (55) — (7) (15) (3) 26 (17) — (110) (69) Short-term borrowings (5) (10) 1 — — — (9) 18 — — — — Accrued expenses and other liabilities (5) (21) (234) — 165 — — 1 — — (89) (224) Long-term debt (5) (614) 64 (25) — — — 23 (1) — (553) 65 Year Ended December 31, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ (7) $ — $ — Trading account assets: Corporate securities, trading loans and other 2,384 144 2 453 (241) 20 (1,029) 385 (429) 1,689 50 Equity securities 145 44 — 39 (52) — (61) 153 (81) 187 (5) Non-U.S. sovereign debt 518 68 30 64 (23) — (259) — (2) 396 70 Mortgage trading loans, MBS and ABS 1,552 (50) — 263 (417) — (241) 436 (326) 1,217 (71) Total trading account assets 4,599 206 32 819 (733) 20 (1,590) 974 (838) 3,489 44 Net derivative assets (liabilities) (4) (2,893) 179 (375) 1,318 (1,281) — (1,575) (8) 2,141 (2,494) (857) AFS debt securities: Non-agency residential MBS 258 1 23 — — — (9) — — 273 2 Non-U.S. and other taxable securities 195 10 7 — — — (106) 4 (7) 103 2 Tax-exempt securities 51 1 — — — — (52) — — — — Total AFS debt securities 504 12 30 — — — (167) 4 (7) 376 4 Other debt securities carried at fair value – Non-agency residential MBS 119 (4) — — (19) — (6) — (21) 69 (3) Loans and leases (5,6) 253 (9) — 9 (54) — (100) 16 (22) 93 (13) Loans held-for-sale (5,6) 232 24 3 — (25) — (70) — — 164 13 Other assets (6,7) 1,799 211 10 176 (326) 104 (319) 2 — 1,657 74 Trading account liabilities – Equity securities — 1 — — — — 2 (15) — (12) 1 Trading account liabilities – Corporate securities and other (58) (3) — (3) (1) (1) 24 (35) 38 (39) (9) Short-term borrowings (5) (14) 1 — — (13) (8) 24 — — (10) (1) Accrued expenses and other liabilities (5) (32) 21 — (11) — — — — 1 (21) 4 Long-term debt (5) (862) 179 (26) (9) 50 — 47 — 7 (614) 183 (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 (3) Includes unrealized gains (losses) in OCI (4) Net derivative assets (liabilities) include derivative assets of $3.6 billion and $3.4 billion and derivative liabilities of $5.5 billion and $5.9 billion at December 31, 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) (Dollars in millions) 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) Purchases Sales Issuances Settlements Year Ended December 31, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,110 $ (52) $ (2) $ 1,069 $ (384) $ — $ (606) $ 1,023 $ (774) $ 2,384 $ (78) Equity securities 190 (3) — 45 (25) — (4) 38 (96) 145 (6) Non-U.S. sovereign debt 396 59 16 54 (4) — (68) 75 (10) 518 56 Mortgage trading loans, MBS and ABS 1,527 (254) — 729 (665) — (112) 536 (209) 1,552 (152) Total trading account assets 4,223 (250) 14 1,897 (1,078) — (790) 1,672 (1,089) 4,599 (180) Net derivative assets (liabilities) (4) (2,662) 551 — 319 (830) — 294 (180) (385) (2,893) 259 AFS debt securities: Non-agency residential MBS 316 — (35) — (8) — (75) 73 (13) 258 — Non-U.S. and other taxable securities 71 10 (10) 126 — — (22) 311 (291) 195 1 Tax-exempt securities 52 — 1 — — — (3) 1 — 51 — Total AFS debt securities 439 10 (44) 126 (8) — (100) 385 (304) 504 1 Other debt securities carried at fair value - Non-agency residential MBS 242 (19) — — — — (111) 30 (23) 119 14 Loans and leases (5,6) 748 (45) — — (154) 82 (129) — (249) 253 (21) Loans held-for-sale (5,6) 317 9 4 171 (6) — (271) 8 — 232 19 Other assets (6,7) 1,572 305 (21) 39 (35) 208 (271) 5 (3) 1,799 213 Trading account liabilities – Corporate securities and other (11) 5 — (4) — — (2) (46) — (58) 1 Short-term borrowings (5) — 3 — — (17) — — (3) 3 (14) 2 Accrued expenses and other liabilities (6) — (23) — (9) — — — — — (32) (7) Long-term debt (5) (1,075) (197) 82 — 14 (1) 57 (24) 282 (862) (200) (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 - predominantly market making and similar activities; 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 - other income; Other assets - market making and similar activities and other income primarily related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized losses in OCI on AFS debt securities, foreign currency translation adjustments 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 gains of $28 million related to financial instruments still held at December 31, 2022. (4) Net derivative assets (liabilities) include derivative assets of $3.2 billion and derivative liabilities of $6.1 billion. (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	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 December 31 Change in Unrealized Gains (Losses) in Net Income Related to Financial Instruments Still Held (2) (Dollars in millions) Purchases Sales Issuances Settlements Year Ended December 31, 2024 Trading account assets: Corporate securities, trading loans and other $ 1,689 $ 87 $ (6) $ 1,128 $ (913) $ 44 $ (1,158) $ 1,125 $ (182) $ 1,814 $ 324 Equity securities 187 50 — 255 (65) — (62) 62 (53) 374 (12) Non-U.S. sovereign debt 396 (1) (57) 82 (16) — (79) 19 — 344 — Mortgage trading loans, MBS and ABS 1,217 (151) — 420 (617) — (63) 369 (197) 978 (172) Total trading account assets 3,489 (15) (63) 1,885 (1,611) 44 (1,362) 1,575 (432) 3,510 140 Net derivative assets (liabilities) (4) (2,494) 1,035 — 1,104 (1,338) — (576) (696) 1,004 (1,961) (132) AFS debt securities: Non-agency residential MBS 273 8 57 — — — (152) 191 (130) 247 6 Commercial MBS — (8) 1 338 — — (3) — — 328 (8) Non-U.S. and other taxable securities 103 (1) — — — — (66) 7 (7) 36 1 Total AFS debt securities 376 (1) 58 338 — — (221) 198 (137) 611 (1) Other debt securities carried at fair value – Non-agency residential MBS 69 5 — — — — (27) 118 (16) 149 (1) Loans and leases (5,6) 93 1 — — — 1 (13) — — 82 — Loans held-for-sale (5,6) 164 (6) (7) 25 — 1 (45) — — 132 (15) Other assets (6,7) 1,657 279 (52) 272 (6) 139 (321) 1 — 1,969 47 Trading account liabilities – Equity securities (12) 9 — — (4) — 7 (21) 11 (10) 6 Trading account liabilities – Corporate securities and other (39) (55) — (7) (15) (3) 26 (17) — (110) (69) Short-term borrowings (5) (10) 1 — — — (9) 18 — — — — Accrued expenses and other liabilities (5) (21) (234) — 165 — — 1 — — (89) (224) Long-term debt (5) (614) 64 (25) — — — 23 (1) — (553) 65 Year Ended December 31, 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ — $ — $ — $ — $ — $ — $ — $ 7 $ (7) $ — $ — Trading account assets: Corporate securities, trading loans and other 2,384 144 2 453 (241) 20 (1,029) 385 (429) 1,689 50 Equity securities 145 44 — 39 (52) — (61) 153 (81) 187 (5) Non-U.S. sovereign debt 518 68 30 64 (23) — (259) — (2) 396 70 Mortgage trading loans, MBS and ABS 1,552 (50) — 263 (417) — (241) 436 (326) 1,217 (71) Total trading account assets 4,599 206 32 819 (733) 20 (1,590) 974 (838) 3,489 44 Net derivative assets (liabilities) (4) (2,893) 179 (375) 1,318 (1,281) — (1,575) (8) 2,141 (2,494) (857) AFS debt securities: Non-agency residential MBS 258 1 23 — — — (9) — — 273 2 Non-U.S. and other taxable securities 195 10 7 — — — (106) 4 (7) 103 2 Tax-exempt securities 51 1 — — — — (52) — — — — Total AFS debt securities 504 12 30 — — — (167) 4 (7) 376 4 Other debt securities carried at fair value – Non-agency residential MBS 119 (4) — — (19) — (6) — (21) 69 (3) Loans and leases (5,6) 253 (9) — 9 (54) — (100) 16 (22) 93 (13) Loans held-for-sale (5,6) 232 24 3 — (25) — (70) — — 164 13 Other assets (6,7) 1,799 211 10 176 (326) 104 (319) 2 — 1,657 74 Trading account liabilities – Equity securities — 1 — — — — 2 (15) — (12) 1 Trading account liabilities – Corporate securities and other (58) (3) — (3) (1) (1) 24 (35) 38 (39) (9) Short-term borrowings (5) (14) 1 — — (13) (8) 24 — — (10) (1) Accrued expenses and other liabilities (5) (32) 21 — (11) — — — — 1 (21) 4 Long-term debt (5) (862) 179 (26) (9) 50 — 47 — 7 (614) 183 (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 (3) Includes unrealized gains (losses) in OCI (4) Net derivative assets (liabilities) include derivative assets of $3.6 billion and $3.4 billion and derivative liabilities of $5.5 billion and $5.9 billion at December 31, 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) (Dollars in millions) 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) Purchases Sales Issuances Settlements Year Ended December 31, 2022 Trading account assets: Corporate securities, trading loans and other $ 2,110 $ (52) $ (2) $ 1,069 $ (384) $ — $ (606) $ 1,023 $ (774) $ 2,384 $ (78) Equity securities 190 (3) — 45 (25) — (4) 38 (96) 145 (6) Non-U.S. sovereign debt 396 59 16 54 (4) — (68) 75 (10) 518 56 Mortgage trading loans, MBS and ABS 1,527 (254) — 729 (665) — (112) 536 (209) 1,552 (152) Total trading account assets 4,223 (250) 14 1,897 (1,078) — (790) 1,672 (1,089) 4,599 (180) Net derivative assets (liabilities) (4) (2,662) 551 — 319 (830) — 294 (180) (385) (2,893) 259 AFS debt securities: Non-agency residential MBS 316 — (35) — (8) — (75) 73 (13) 258 — Non-U.S. and other taxable securities 71 10 (10) 126 — — (22) 311 (291) 195 1 Tax-exempt securities 52 — 1 — — — (3) 1 — 51 — Total AFS debt securities 439 10 (44) 126 (8) — (100) 385 (304) 504 1 Other debt securities carried at fair value - Non-agency residential MBS 242 (19) — — — — (111) 30 (23) 119 14 Loans and leases (5,6) 748 (45) — — (154) 82 (129) — (249) 253 (21) Loans held-for-sale (5,6) 317 9 4 171 (6) — (271) 8 — 232 19 Other assets (6,7) 1,572 305 (21) 39 (35) 208 (271) 5 (3) 1,799 213 Trading account liabilities – Corporate securities and other (11) 5 — (4) — — (2) (46) — (58) 1 Short-term borrowings (5) — 3 — — (17) — — (3) 3 (14) 2 Accrued expenses and other liabilities (6) — (23) — (9) — — — — — (32) (7) Long-term debt (5) (1,075) (197) 82 — 14 (1) 57 (24) 282 (862) (200) (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 - predominantly market making and similar activities; 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 - other income; Other assets - market making and similar activities and other income primarily related to MSRs; Long-term debt - market making and similar activities. (3) Includes unrealized losses in OCI on AFS debt securities, foreign currency translation adjustments 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 gains of $28 million related to financial instruments still held at December 31, 2022. (4) Net derivative assets (liabilities) include derivative assets of $3.2 billion and derivative liabilities of $6.1 billion. (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 December 31, 2024 and 2023. Quantitative Information about Level 3 Fair Value Measurements at December 31, 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 $ 636 Discounted cash flow, Market comparables Yield 0% to 20% 9 % Trading account assets – Mortgage trading loans, MBS and ABS 163 Prepayment speed 0% to 43% CPR 8% CPR Loans and leases 77 Default rate 0% to 6% CDR 6% CDR AFS debt securities – Non-agency residential 247 Price $0 to $115 $74 Other debt securities carried at fair value – Non-agency residential 149 Loss severity 0% to 76% 24 % Instruments backed by commercial real estate assets $ 555 Discounted cash Yield 1% n/a Trading account assets – Corporate securities, trading loans and other 185 Price $0 to $103 $84 Trading account assets – Mortgage trading loans, MBS and ABS 42 AFS debt securities – Commercial 328 Commercial loans, debt securities and other $ 2,919 Discounted cash flow, Market comparables Yield 4% to 37% 17 % Trading account assets – Corporate securities, trading loans and other 1,629 Prepayment speed 20% n/a Trading account assets – Non-U.S. sovereign debt 344 Default rate 2% n/a Trading account assets – Mortgage trading loans, MBS and ABS 773 Loss severity 30% n/a AFS debt securities – Non-U.S. and other taxable securities 36 Price $0 to $135 $69 Loans and leases 5 Loans held-for-sale 132 Other assets, primarily auction rate securities $ 997 Discounted cash flow, Market comparables Price $10 to $95 $86 Discount rate 8% to 11% 9 % MSRs $ 972 Discounted cash Weighted-average life, fixed rate (5) 0 to 13 years 6 years Weighted-average life, variable rate (5) 0 to 12 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 $ (553) Discounted cash flow, Market comparables Yield 18% to 22% 21 % Price $32 to $100 $91 Natural gas forward price $2/MMBtu to $7/MMBtu $4 /MMBtu Net derivative assets (liabilities) Credit derivatives $ (6) Discounted cash flow, Stochastic recovery correlation model Credit spreads 3 to 298 bps 63 bps Prepayment speed 15% CPR n/a Default rate 2% CDR n/a Credit correlation 29% to 63% 49 % Price $0 to $99 $94 Equity derivatives $ (869) Industry standard derivative pricing (3) Equity correlation 0% to 100% 59 % Long-dated equity volatilities 1% to 87% 33 % Commodity derivatives $ (740) Discounted cash flow Natural gas forward price $2/MMBtu to $7/MMBtu $4/MMBtu Power forward price $22 to $104 $48 Interest rate derivatives $ (346) Industry standard derivative pricing (4) Correlation (IR/IR) (35)% to 70% 50 % Correlation (FX/IR) (25)% to 58% 27 % Long-dated inflation rates (1)% to 21% 3 % Long-dated inflation volatilities 0% to 5% 3 % Interest rate volatilities (1)% to 1% 0 % Total net derivative assets (liabilities) $ (1,961) (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 153: Trading account assets – Corporate securities, trading loans and other of $1.8 billion, Trading account assets – Non-U.S. sovereign debt of $344 million, Trading account assets – Mortgage trading loans, MBS and ABS of $978 million, AFS debt securities of $611 million, Other debt securities carried at fair value - Non-agency residential of $149 million, Other assets, including MSRs, of $2.0 billion, Loans and leases of $82 million and LHFS of $132 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 154: 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 2024, 2023, and 2022. Assets Measured at Fair Value on a Nonrecurring Basis December 31, 2024 December 31, 2023 (Dollars in millions) Level 2 Level 3 Level 2 Level 3 Assets Loans held-for-sale $ 63 $ 2,652 $ 77 $ 2,793 Loans and leases (1) — 119 — 153 Foreclosed properties (2, 3) — 93 — 48 Other assets (4) 2 236 31 898 Gains (Losses) 2024 2023 2022 Assets Loans held-for-sale $ (211) $ (246) $ (387) Loans and leases (1) (29) (45) (48) Foreclosed properties (44) (6) (6) Other assets (27) (252) (91) (1) Includes $8 million, $10 million and $15 million of losses on loans that were written down to a collateral value of zero during 2024, 2023 and 2022, respectively. (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 $16 million and $31 million of properties acquired upon foreclosure of certain government-guaranteed loans (principally FHA-insured loans) at December 31, 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 at December 31, 2024 and 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) Year Ended December 31, 2024 Loans held-for-sale $ 2,652 Pricing model Implied yield 9% to 28% n/a Loans and leases (2) 119 Market comparables OREO discount 10% to 66% 26 % Costs to sell 8% to 24% 9 % Other assets (3) 236 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)	12 Months Ended
	Dec. 31, 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 December 31, 2024 and 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 2024, 2023 and 2022. Fair Value Option Elections December 31, 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 $ 144,501 $ 144,449 $ 52 $ 133,053 $ 133,001 $ 52 Loans reported as trading account assets (1) 11,615 24,461 (12,846) 8,377 15,580 (7,203) Trading inventory – other 15,369 n/a n/a 25,282 n/a n/a Consumer and commercial loans 4,249 4,292 (43) 3,569 3,618 (49) Loans held-for-sale (1) 2,214 2,824 (610) 2,059 2,873 (814) Other assets 2,732 n/a n/a 1,986 n/a n/a Long-term deposits 310 386 (76) 284 267 17 Federal funds purchased and securities loaned or sold under agreements to repurchase 192,859 192,877 (18) 178,609 178,634 (25) Short-term borrowings 6,245 6,247 (2) 4,690 4,694 (4) Unfunded loan commitments 144 n/a n/a 67 n/a n/a Accrued expenses and other liabilities 2,642 2,414 228 1,341 1,347 (6) Long-term debt 50,005 54,257 (4,252) 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 Market making Other Total (Dollars in millions) 2024 Federal funds sold and securities borrowed or purchased under agreements to resell $ 327 $ (8) $ 319 Loans reported as trading account assets (30) 40 10 Trading inventory – other (1) 2,965 — 2,965 Consumer and commercial loans 93 20 113 Loans held-for-sale (2) — (30) (30) Short-term borrowings 199 — 199 Unfunded loan commitments — (13) (13) Accrued expenses and other liabilities 378 — 378 Long-term debt (3) 582 (32) 550 Other (4) (286) (21) (307) Total $ 4,228 $ (44) $ 4,184 2023 Federal funds sold and securities borrowed or purchased under agreements to resell $ 74 $ (14) $ 60 Loans reported as trading account assets 251 — 251 Trading inventory – other (1) 5,121 — 5,121 Consumer and commercial loans (174) 67 (107) Loans held-for-sale (2) — 22 22 Short-term borrowings 7 — 7 Unfunded loan commitments (1) 39 38 Accrued expenses and other liabilities 609 — 609 Long-term debt (3) (1,143) (35) (1,178) Other (4) 19 (9) 10 Total $ 4,763 $ 70 $ 4,833 2022 Federal funds sold and securities borrowed or purchased under agreements to resell $ (153) $ 10 $ (143) Loans reported as trading account assets (164) — (164) Trading inventory – other (1) (1,159) — (1,159) Consumer and commercial loans (58) (27) (85) Loans held-for-sale (2) — (304) (304) Short-term borrowings 639 — 639 Unfunded loan commitments — 8 8 Accrued expenses and other liabilities 11 — 11 Long-term debt (3) 4,359 (46) 4,313 Other (4) 227 20 247 Total $ 3,702 $ (339) $ 3,363 (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 14 – Accumulated Other Comprehensive Income (Loss) . For more information on how the Corporation’s own credit spread is determined, see Note 20 – Fair Value Measurements. (4) Includes gains (losses) on other assets, long-term deposits and federal funds purchased and securities loaned or sold under agreements to repurchase. Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option (Dollars in millions) 2024 2023 2022 Loans reported as trading account assets $ (38) $ (3) $ (950) Consumer and commercial loans 18 44 (51) Loans held-for-sale (8) (15) (23) Unfunded loan commitments (13) 39 8 Long-term debt (3) — —

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2024 and 2023 are presented in the table below. Fair Value of Financial Instruments Fair Value Carrying Value Level 2 Level 3 Total (Dollars in millions) December 31, 2024 Financial assets Loans $ 1,060,629 $ 50,971 $ 992,135 $ 1,043,106 Loans held-for-sale 9,545 6,707 2,838 9,545 Financial liabilities Deposits (1) 1,965,467 1,967,061 — 1,967,061 Long-term debt 283,279 287,098 652 287,750 Commercial unfunded lending commitments (2) 1,240 55 3,639 3,694 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 $892.9 billion and $897.3 billion with no stated maturities at December 31, 2024 and 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

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents 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 2024, 2023 and 2022, and total assets at December 31, 2024 and 2023 for each business segment, as well as All Other. Results of Business Segments and All Other (1) At and for the year ended December 31 Total Corporation (2) Consumer Banking (Dollars in millions) 2024 2023 2022 2024 2023 2022 Net interest income $ 56,679 $ 57,498 $ 52,900 $ 33,078 $ 33,689 $ 30,045 Noninterest income 45,827 41,650 42,488 8,358 8,342 8,590 Total revenue, net of interest expense 102,506 99,148 95,388 41,436 42,031 38,635 Provision for credit losses 5,821 4,394 2,543 4,987 5,158 1,980 Noninterest expense Compensation and benefits (3) 40,182 38,330 36,447 6,422 6,490 6,218 Other noninterest expense 26,630 27,515 24,991 15,682 14,926 13,859 Total noninterest expense 66,812 65,845 61,438 22,104 21,416 20,077 Income before income taxes 29,873 28,909 31,407 14,345 15,457 16,578 Income tax expense 2,741 2,394 3,879 3,586 3,864 4,062 Net income $ 27,132 $ 26,515 $ 27,528 $ 10,759 $ 11,593 $ 12,516 Year-end total assets $ 3,261,519 $ 3,180,151 $ 1,034,370 $ 1,049,830 Global Wealth & Investment Management Global Banking 2024 2023 2022 2024 2023 2022 Net interest income $ 6,969 $ 7,147 $ 7,466 $ 13,235 $ 14,645 $ 12,184 Noninterest income 15,960 13,958 14,282 10,723 10,151 10,045 Total revenue, net of interest expense 22,929 21,105 21,748 23,958 24,796 22,229 Provision for credit losses 4 6 66 883 (586) 641 Noninterest expense Compensation and benefits (3) 11,126 10,120 9,922 4,327 4,134 4,092 Other noninterest expense 6,115 5,716 5,568 7,526 7,210 6,874 Total noninterest expense 17,241 15,836 15,490 11,853 11,344 10,966 Income before income taxes 5,684 5,263 6,192 11,222 14,038 10,622 Income tax expense 1,421 1,316 1,517 3,086 3,790 2,815 Net income $ 4,263 $ 3,947 $ 4,675 $ 8,136 $ 10,248 $ 7,807 Year-end total assets $ 338,367 $ 344,626 $ 670,905 $ 621,751 Global Markets All Other 2024 2023 2022 2024 2023 2022 Net interest income $ 3,375 $ 1,678 $ 3,088 $ 22 $ 339 $ 117 Noninterest income 18,437 17,849 15,050 (7,651) (8,650) (5,479) Total revenue, net of interest expense 21,812 19,527 18,138 (7,629) (8,311) (5,362) Provision for credit losses (32) (131) 28 (21) (53) (172) Noninterest expense Compensation and benefits (3) 3,550 3,428 3,210 — — — Other noninterest expense 10,376 9,778 9,210 1,688 4,043 2,485 Total noninterest expense 13,926 13,206 12,420 1,688 4,043 2,485 Income (loss) before income taxes 7,918 6,452 5,690 (9,296) (12,301) (7,675) Income tax expense (benefit) 2,296 1,774 1,508 (7,648) (8,350) (6,023) Net income (loss) $ 5,622 $ 4,678 $ 4,182 $ (1,648) $ (3,951) $ (1,652) Year-end total assets $ 876,605 $ 817,588 $ 341,272 $ 346,356 (1) Segment results are presented on an FTE basis and include additional net interest income and income tax expense, related to tax-exempt securities, of $619 million, $567 million and $438 million in 2024, 2023 and 2022, respectively, as compared to the Consolidated Statement of Income. (2) There were no material intersegment revenues. (3) Represents the compensation and benefits directly incurred by each segment. The table below presents noninterest income and the associated components for 2024, 2023 and 2022, 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 & (Dollars in millions) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Fees and commissions: Card income Interchange fees $ 4,013 $ 3,983 $ 4,096 $ 3,194 $ 3,157 $ 3,239 $ (20) $ (12) $ 20 Other card income 2,271 2,071 1,987 2,238 2,107 1,930 61 57 50 Total card income 6,284 6,054 6,083 5,432 5,264 5,169 41 45 70 Service charges Deposit-related fees 4,708 4,382 5,190 2,445 2,317 2,706 44 41 65 Lending-related fees 1,347 1,302 1,215 — — — 53 37 8 Total service charges 6,055 5,684 6,405 2,445 2,317 2,706 97 78 73 Investment and brokerage services Asset management fees 13,875 12,002 12,152 207 197 195 13,668 11,805 11,957 Brokerage fees 3,891 3,561 3,749 113 111 109 1,570 1,408 1,604 Total investment and brokerage services 17,766 15,563 15,901 320 308 304 15,238 13,213 13,561 Investment banking fees Underwriting income 3,275 2,235 1,970 — — — 246 171 189 Syndication fees 1,221 898 1,070 — — — — — — Financial advisory services 1,690 1,575 1,783 — — — — — — Total investment banking fees 6,186 4,708 4,823 — — — 246 171 189 Total fees and commissions 36,291 32,009 33,212 8,197 7,889 8,179 15,622 13,507 13,893 Market making and similar activities 12,967 12,732 12,075 21 20 10 143 137 102 Other income (loss) (3,431) (3,091) (2,799) 140 433 401 195 314 287 Total noninterest income $ 45,827 $ 41,650 $ 42,488 $ 8,358 $ 8,342 $ 8,590 $ 15,960 $ 13,958 $ 14,282 Global Banking Global Markets All Other 2024 2023 2022 2024 2023 2022 2024 2023 2022 Fees and commissions: Card income Interchange fees $ 773 $ 772 $ 767 $ 66 $ 66 $ 66 $ — $ — $ 4 Other card income 13 9 7 — — — (41) (102) — Total card income 786 781 774 66 66 66 (41) (102) 4 Service charges Deposit-related fees 2,128 1,943 2,310 88 79 101 3 2 8 Lending-related fees 1,007 1,009 983 287 256 224 — — — Total service charges 3,135 2,952 3,293 375 335 325 3 2 8 Investment and brokerage services Asset management fees — — — — — — — — — Brokerage fees 91 57 42 2,128 1,993 2,002 (11) (8) (8) Total investment and brokerage services 91 57 42 2,128 1,993 2,002 (11) (8) (8) Investment banking fees Underwriting income 1,305 922 796 1,892 1,298 1,176 (168) (156) (191) Syndication fees 644 505 565 577 393 505 — — — Financial advisory services 1,504 1,392 1,643 186 183 139 — — 1 Total investment banking fees 3,453 2,819 3,004 2,655 1,874 1,820 (168) (156) (190) Total fees and commissions 7,465 6,609 7,113 5,224 4,268 4,213 (217) (264) (186) Market making and similar activities 275 190 215 12,778 13,430 11,406 (250) (1,045) 342 Other income (loss) 2,983 3,352 2,717 435 151 (569) (7,184) (7,341) (5,635) Total noninterest income $ 10,723 $ 10,151 $ 10,045 $ 18,437 $ 17,849 $ 15,050 $ (7,651) $ (8,650) $ (5,479)

Parent Company Information (Tab

Parent Company Information (Tables)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Statement of Income	The following tables present the Parent Company-only financial information. Condensed Statement of Income (Dollars in millions) 2024 2023 2022 Income Dividends from subsidiaries: Bank holding companies and related subsidiaries $ 21,300 $ 22,384 $ 22,250 Interest from subsidiaries 21,589 21,314 12,420 Other income (loss) (1,223) (1,012) (201) Total income 41,666 42,686 34,469 Expense Interest on borrowed funds from subsidiaries 1,108 896 236 Other interest expense 14,060 14,119 7,041 Noninterest expense 1,580 1,699 1,322 Total expense 16,748 16,714 8,599 Income before income taxes and equity in undistributed earnings of subsidiaries 24,918 25,972 25,870 Income tax expense 773 838 683 Income before equity in undistributed earnings of subsidiaries 24,145 25,134 25,187 Equity in undistributed earnings (losses) of subsidiaries: Bank holding companies and related subsidiaries 2,909 1,203 2,333 Nonbank companies and related subsidiaries 78 178 8 Total equity in undistributed earnings (losses) of subsidiaries 2,987 1,381 2,341 Net income $ 27,132 $ 26,515 $ 27,528
Balance Sheet	Condensed Balance Sheet December 31 (Dollars in millions) 2024 2023 Assets Cash held at bank subsidiaries $ 4,613 $ 4,559 Securities 660 644 Receivables from subsidiaries: Bank holding companies and related subsidiaries 231,931 249,320 Banks and related subsidiaries 146 205 Nonbank companies and related subsidiaries 985 1,255 Investments in subsidiaries: Bank holding companies and related subsidiaries 310,957 306,946 Nonbank companies and related subsidiaries 3,783 3,946 Other assets 6,658 6,799 Total assets $ 559,733 $ 573,674 Liabilities and shareholders’ equity Accrued expenses and other liabilities $ 16,360 $ 14,510 Payables to subsidiaries: Banks and related subsidiaries 114 207 Bank holding companies and related subsidiaries 14 14 Nonbank companies and related subsidiaries 21,011 17,756 Long-term debt 226,675 249,541 Total liabilities 264,174 282,028 Shareholders’ equity 295,559 291,646 Total liabilities and shareholders’ equity $ 559,733 $ 573,674
Statement of Cash Flows	Condensed Statement of Cash Flows (Dollars in millions) 2024 2023 2022 Operating activities Net income $ 27,132 $ 26,515 $ 27,528 Reconciliation of net income (loss) to net cash provided by (used in) operating activities: Equity in undistributed (earnings) losses of subsidiaries (2,987) (1,381) (2,341) Other operating activities, net 1,986 3,395 (31,777) Net cash provided by (used in) operating activities 26,131 28,529 (6,590) Investing activities Net sales (purchases) of securities (17) (15) 25 Net payments from (to) subsidiaries 16,858 (21,267) (6,044) Other investing activities, net — (43) (34) Net cash provided by (used in) investing activities 16,841 (21,325) (6,053) Financing activities Net increase in other advances 3,542 2,825 2,853 Proceeds from issuance of long-term debt 17,817 23,950 44,123 Retirement of long-term debt (36,416) (25,366) (19,858) Proceeds from issuance of preferred stock and warrants — — 4,426 Redemption of preferred stock (5,254) — (654) Common stock repurchased (13,104) (4,576) (5,073) Cash dividends paid (9,503) (9,087) (8,576) Net cash provided by (used in) financing activities (42,918) (12,254) 17,241 Net increase (decrease) in cash held at bank subsidiaries 54 (5,050) 4,598 Cash held at bank subsidiaries at January 1 4,559 9,609 5,011 Cash held at bank subsidiaries at December 31 $ 4,613 $ 4,559 $ 9,609

Performance by Geographical A_2

Performance by Geographical Area (Tables)	12 Months Ended
	Dec. 31, 2024
Segments, Geographical Areas [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	Certain asset, liability, income and expense amounts have been allocated to arrive at total assets, total revenue, net of interest expense, income before income taxes and net income by geographic area as presented below. (Dollars in millions) Total Assets at Year End (1) Total Revenue, Net of Interest Expense (2) Income Before Income Taxes Net Income U.S. (3) 2024 $ 2,817,345 $ 88,465 $ 25,724 $ 24,594 2023 2,768,003 85,571 24,525 23,656 2022 82,890 28,135 25,607 Asia 2024 153,489 5,184 1,616 1,176 2023 139,967 4,952 1,512 1,139 2022 4,597 1,144 865 Europe, Middle East and Africa 2024 257,695 6,499 1,069 796 2023 238,052 6,393 1,540 1,098 2022 6,044 1,121 689 Latin America and the Caribbean 2024 32,990 1,739 845 566 2023 34,129 1,665 765 622 2022 1,419 569 367 Total Non-U.S. 2024 444,174 13,422 3,530 2,538 2023 412,148 13,010 3,817 2,859 2022 12,060 2,834 1,921 Total Consolidated 2024 $ 3,261,519 $ 101,887 $ 29,254 $ 27,132 2023 3,180,151 98,581 28,342 26,515 2022 94,950 30,969 27,528 (1) Total assets include long-lived assets, which are primarily located in the U.S. (2) There were no material intercompany revenues between geographic regions for any of the periods presented. (3) Substantially reflects the U.S.

Summary of Significant Accoun_3

Summary of Significant Accounting Principles - Securities, Loans and Leases and Allowance for Credit Losses (Details)	12 Months Ended
	Dec. 31, 2024 portfolioSegment
Financing Receivable, Past Due [Line Items]
Minimum percentage of principal collected and disposed to be treated as matured	85%
Number of portfolio segments	3
Threshold period of collateral-dependent troubled debt restructurings	180 days
Consumer real estate
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	180 days
Consumer real estate | Death, Bankruptcy or Fraud
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	60 days
Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days
Consumer real estate | Junior Lien Home Equity Financing Receivable
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days
Consumer real estate | Credit Card and Other Unsecured Consumer Loans
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	180 days
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days
Threshold period past due for write-off of financing receivable	120 days
Consumer Portfolio Segment | Chapter Seven Bankruptcy
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	60 days
Consumer Portfolio Segment | Credit Card and Other Unsecured Consumer Loans | Death, Bankruptcy or Fraud
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	60 days
Consumer Portfolio Segment | Consumer Vehicle Loans
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	90 days
Consumer Portfolio Segment | Consumer Vehicle Loans | Death, Bankruptcy or Fraud
Financing Receivable, Past Due [Line Items]
Threshold period past due for write-off of financing receivable	60 days
Commercial
Financing Receivable, Past Due [Line Items]
Threshold period past due for nonperforming status of financing receivables	90 days

Summary of Significant Accoun_4

Summary of Significant Accounting Principles - Premises and Equipment (Details)	Dec. 31, 2024
Building
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	40 years
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	12 years

Summary of Significant Accoun_5

Summary of Significant Accounting Principles - Other Assets (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Accounting Policies [Abstract]
Expected credit losses, other assets	$ 0

Summary of Significant Accoun_6

Summary of Significant Accounting Principles - Lessee Arrangements (Details)	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other liabilities	Accrued expenses and other liabilities

Summary of Significant Accoun_7

Summary of Significant Accounting Principles - Revenue Recognition (Details)	12 Months Ended
	Dec. 31, 2024
Minimum
Disaggregation of Revenue [Line Items]
Fee percentage of assets under management	0.50%
Maximum
Disaggregation of Revenue [Line Items]
Fee percentage of assets under management	1.50%

Net Interest Income and Nonin_3

Net Interest Income and Noninterest Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest income
Loans and leases	$ 61,993	$ 57,124	$ 37,919
Debt securities	26,007	20,226	17,127
Federal funds sold and securities borrowed or purchased under agreements to resell	19,911	18,679	4,560
Trading account assets	10,376	8,773	5,521
Other interest income	28,320	25,460	7,438
Total interest income	146,607	130,262	72,565
Interest expense
Deposits	38,442	26,163	4,718
Short-term borrowings	34,538	30,553	6,978
Trading account liabilities	2,191	2,043	1,538
Long-term debt	15,376	14,572	6,869
Total interest expense	90,547	73,331	20,103
Net interest income	56,060	56,931	52,462
Noninterest income
Total fees and commissions	36,291	32,009	33,212
Market making and similar activities	12,967	12,732	12,075
Other income (loss)	(3,431)	(3,091)	(2,799)
Total noninterest income	45,827	41,650	42,488
Rewards, rebates and compensation expense	9,500	9,300	8,800
Federal Reserve, Non-U.S. Central Banks And Other Banks
Interest income
Other interest income	16,800	16,000	2,600
Card income
Noninterest income
Card income and service charges	6,284	6,054	6,083
Interchange fees
Noninterest income
Card income and service charges	4,013	3,983	4,096
Other card income
Noninterest income
Card income and service charges	2,271	2,071	1,987
Card Income, Interchange Fees and Merchant Income
Noninterest income
Interchange fees, gross and merchant income	13,600	13,300	12,900
Service charges
Noninterest income
Card income and service charges	6,055	5,684	6,405
Deposit-related fees
Noninterest income
Card income and service charges	4,708	4,382	5,190
Lending-related fees
Noninterest income
Card income and service charges	1,347	1,302	1,215
Investment and brokerage services
Noninterest income
Investment and brokerage services	17,766	15,563	15,901
Asset management fees
Noninterest income
Investment and brokerage services	13,875	12,002	12,152
Brokerage fees
Noninterest income
Investment and brokerage services	3,891	3,561	3,749
Total investment banking fees
Noninterest income
Investment banking fees	6,186	4,708	4,823
Underwriting income
Noninterest income
Investment banking fees	3,275	2,235	1,970
Syndication fees
Noninterest income
Investment banking fees	1,221	898	1,070
Financial advisory services
Noninterest income
Investment banking fees	$ 1,690	$ 1,575	$ 1,783

Derivatives - Derivative Balanc

Derivatives - Derivative Balances (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Gross Derivative Assets
Gross Derivative Assets	$ 308,100	$ 290,300
Less: Legally enforceable master netting agreements	(237,100)	(221,600)
Less: Cash collateral received/paid	(30,100)	(29,400)
Derivative assets	40,948	39,323
Gross Derivative Liabilities
Gross Derivative Liabilities	305,700	301,200
Less: Legally enforceable master netting agreements	(237,100)	(221,600)
Less: Cash collateral received/paid	(29,200)	(36,200)
Derivative liabilities	39,353	43,432
Interest Rate Swap
Maximum Payout/Notional
Contract/Notional	20,962,100	15,715,200
Gross Derivative Assets
Gross Derivative Assets	79,500	86,300
Gross Derivative Liabilities
Gross Derivative Liabilities	76,300	85,100
Interest Rate Future and Forwards
Maximum Payout/Notional
Contract/Notional	3,383,000	2,803,800
Gross Derivative Assets
Gross Derivative Assets	4,500	5,100
Gross Derivative Liabilities
Gross Derivative Liabilities	4,200	7,000
Interest Rate Options | Written options
Maximum Payout/Notional
Contract/Notional	1,931,200	1,807,700
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	29,000	31,700
Interest Rate Options | Purchased options
Maximum Payout/Notional
Contract/Notional	1,789,100	1,714,900
Gross Derivative Assets
Gross Derivative Assets	29,200	32,900
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Foreign Exchange Swaps
Maximum Payout/Notional
Contract/Notional	2,204,000	1,814,700
Gross Derivative Assets
Gross Derivative Assets	46,900	41,300
Gross Derivative Liabilities
Gross Derivative Liabilities	47,400	38,700
Foreign Exchange Spot, Futures, and Forwards
Maximum Payout/Notional
Contract/Notional	4,273,500	3,561,700
Gross Derivative Assets
Gross Derivative Assets	57,500	43,300
Gross Derivative Liabilities
Gross Derivative Liabilities	52,800	46,500
Foreign Exchange Options | Written options
Maximum Payout/Notional
Contract/Notional	652,600	462,800
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	10,700	6,800
Foreign Exchange Options | Purchased options
Maximum Payout/Notional
Contract/Notional	578,300	405,300
Gross Derivative Assets
Gross Derivative Assets	10,500	6,200
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Equity Swaps
Maximum Payout/Notional
Contract/Notional	520,400	427,000
Gross Derivative Assets
Gross Derivative Assets	12,800	13,300
Gross Derivative Liabilities
Gross Derivative Liabilities	14,200	16,700
Equity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	129,000	136,900
Gross Derivative Assets
Gross Derivative Assets	2,300	2,100
Gross Derivative Liabilities
Gross Derivative Liabilities	1,500	1,600
Equity Options | Written options
Maximum Payout/Notional
Contract/Notional	831,600	854,900
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	55,100	50,100
Equity Options | Purchased options
Maximum Payout/Notional
Contract/Notional	770,100	716,200
Gross Derivative Assets
Gross Derivative Assets	50,100	44,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Commodity Swaps
Maximum Payout/Notional
Contract/Notional	64,800	59,000
Gross Derivative Assets
Gross Derivative Assets	2,100	3,100
Gross Derivative Liabilities
Gross Derivative Liabilities	3,600	4,500
Commodity Futures and Forwards
Maximum Payout/Notional
Contract/Notional	165,800	187,800
Gross Derivative Assets
Gross Derivative Assets	4,000	3,800
Gross Derivative Liabilities
Gross Derivative Liabilities	3,100	3,500
Commodity Options | Written options
Maximum Payout/Notional
Contract/Notional	69,500	67,100
Gross Derivative Assets
Gross Derivative Assets	0	0
Gross Derivative Liabilities
Gross Derivative Liabilities	2,700	3,300
Commodity Options | Purchased options
Maximum Payout/Notional
Contract/Notional	75,200	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	408,300	312,800
Gross Derivative Assets
Gross Derivative Assets	1,700	1,700
Gross Derivative Liabilities
Gross Derivative Liabilities	2,600	2,500
Credit default swaps: | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	388,170	289,078
Gross Derivative Assets
Gross Derivative Assets	2,000	2,200
Gross Derivative Liabilities
Gross Derivative Liabilities	1,573	1,568
Total return swaps/options: | Purchased credit derivatives:
Maximum Payout/Notional
Contract/Notional	98,000	69,400
Gross Derivative Assets
Gross Derivative Assets	1,000	800
Gross Derivative Liabilities
Gross Derivative Liabilities	700	1,300
Total return swaps/options: | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	81,356	68,605
Gross Derivative Assets
Gross Derivative Assets	1,100	1,100
Gross Derivative Liabilities
Gross Derivative Liabilities	238	338
Credit derivatives | Purchased credit derivatives:
Gross Derivative Liabilities
Fair value asset (liability), with identical underlying referenced names and terms	406	520
Notional amount, with identical underlying referenced names and terms	361,200	266,500
Credit derivatives | Written credit derivatives:
Maximum Payout/Notional
Contract/Notional	469,526	357,683
Gross Derivative Liabilities
Gross Derivative Liabilities	1,811	1,906
Trading and Other Risk Management Derivatives
Gross Derivative Assets
Gross Derivative Assets	298,300	276,100
Gross Derivative Liabilities
Gross Derivative Liabilities	289,300	275,600
Trading and Other Risk Management Derivatives | Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	71,900	78,400
Gross Derivative Liabilities
Gross Derivative Liabilities	61,100	66,600
Trading and Other Risk Management Derivatives | Interest Rate Future and Forwards
Gross Derivative Assets
Gross Derivative Assets	4,500	5,100
Gross Derivative Liabilities
Gross Derivative Liabilities	4,200	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	29,000	31,700
Trading and Other Risk Management Derivatives | Interest Rate Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	29,200	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	46,800	41,100
Gross Derivative Liabilities
Gross Derivative Liabilities	47,400	38,200
Trading and Other Risk Management Derivatives | Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	55,400	37,200
Gross Derivative Liabilities
Gross Derivative Liabilities	52,400	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	10,700	6,800
Trading and Other Risk Management Derivatives | Foreign Exchange Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	10,500	6,200
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Equity Swaps
Gross Derivative Assets
Gross Derivative Assets	12,800	13,300
Gross Derivative Liabilities
Gross Derivative Liabilities	14,200	16,700
Trading and Other Risk Management Derivatives | Equity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	2,300	2,100
Gross Derivative Liabilities
Gross Derivative Liabilities	1,500	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	55,100	50,100
Trading and Other Risk Management Derivatives | Equity Options | Purchased options
Gross Derivative Assets
Gross Derivative Assets	50,100	44,100
Gross Derivative Liabilities
Gross Derivative Liabilities	0	0
Trading and Other Risk Management Derivatives | Commodity Swaps
Gross Derivative Assets
Gross Derivative Assets	2,100	3,100
Gross Derivative Liabilities
Gross Derivative Liabilities	3,600	4,500
Trading and Other Risk Management Derivatives | Commodity Futures and Forwards
Gross Derivative Assets
Gross Derivative Assets	4,000	3,800
Gross Derivative Liabilities
Gross Derivative Liabilities	2,300	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	2,700	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	1,700	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	2,000	2,200
Gross Derivative Liabilities
Gross Derivative Liabilities	1,600	1,600
Trading and Other Risk Management Derivatives | Total return swaps/options: | Purchased credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	1,000	800
Gross Derivative Liabilities
Gross Derivative Liabilities	700	1,300
Trading and Other Risk Management Derivatives | Total return swaps/options: | Written credit derivatives:
Gross Derivative Assets
Gross Derivative Assets	1,100	1,100
Gross Derivative Liabilities
Gross Derivative Liabilities	200	300
Qualifying Accounting Hedges
Gross Derivative Assets
Gross Derivative Assets	9,800	14,200
Gross Derivative Liabilities
Gross Derivative Liabilities	16,400	25,600
Qualifying Accounting Hedges | Interest Rate Swap
Gross Derivative Assets
Gross Derivative Assets	7,600	7,900
Gross Derivative Liabilities
Gross Derivative Liabilities	15,200	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	0	500
Qualifying Accounting Hedges | Foreign Exchange Spot, Futures, and Forwards
Gross Derivative Assets
Gross Derivative Assets	2,100	6,100
Gross Derivative Liabilities
Gross Derivative Liabilities	400	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	800	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	Dec. 31, 2024	Dec. 31, 2023
Offsetting Assets [Line Items]
Derivative assets, after netting	$ 37,000	$ 36,800
Other gross derivative assets	3,900	2,500
Derivative assets	40,948	39,323
Less: Financial instruments collateral	(18,100)	(15,500)
Total net derivative assets	22,800	23,800
Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	258,100	245,900
Less: Legally enforceable master netting agreements and cash collateral received/paid	(224,200)	(212,100)
Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	41,900	36,900
Less: Legally enforceable master netting agreements and cash collateral received/paid	(39,000)	(35,400)
Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	4,200	5,000
Less: Legally enforceable master netting agreements and cash collateral received/paid	(4,000)	(3,500)
Interest rate contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	108,800	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	3,400	4,400
Foreign exchange contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	112,700	89,700
Foreign exchange contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	500	200
Equity contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	24,600	24,700
Equity contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	39,800	34,400
Commodity contracts | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	6,200	6,600
Commodity contracts | Exchange-traded
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	2,000	2,300
Commodity contracts | Over-the-counter cleared
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	300	400
Credit derivatives | Over-the-counter
Offsetting Assets [Line Items]
Total gross derivative assets, before netting	$ 5,800	$ 5,700

Derivatives - Offsetting Liabil

Derivatives - Offsetting Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Offsetting Liabilities [Line Items]
Derivative liabilities, after netting	$ 34,600	$ 36,700
Other gross derivative liabilities	4,800	6,700
Derivative liabilities	39,353	43,432
Less: Financial instruments collateral	(14,200)	(13,000)
Total net derivative liabilities	25,200	30,400
Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	256,100	254,300
Less: Legally enforceable master netting agreements and cash collateral received/paid	(223,500)	(218,900)
Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	40,200	36,200
Less: Legally enforceable master netting agreements and cash collateral received/paid	(39,000)	(35,400)
Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	4,600	4,000
Less: Legally enforceable master netting agreements and cash collateral received/paid	(3,800)	(3,500)
Interest rate contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	103,900	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	3,600	3,300
Foreign exchange contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	109,100	90,400
Foreign exchange contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	500	200
Equity contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	31,100	32,200
Equity contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	38,500	33,900
Commodity contracts | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	7,000	8,400
Commodity contracts | Exchange-traded
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	1,600	2,100
Commodity contracts | Over-the-counter cleared
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	500	500
Credit derivatives | Over-the-counter
Offsetting Liabilities [Line Items]
Total gross derivative liabilities, before netting	$ 5,000	$ 5,600

Derivatives - Gains and Losses

Derivatives - Gains and Losses on Derivatives and Hedged Items Designated in Fair Value Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ (511)	$ 61	$ (4,109)
Hedged Item	438	(210)	3,990
Interest rate risk on long-term debt | Interest expense
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(2,713)	3,594	(26,654)
Hedged Item	2,669	(3,652)	26,825
Interest rate and foreign currency risk
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	500	(17)	(120)
Hedged Item	(486)	27	119
Interest rate and foreign currency risk | Interest expense
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	0	13	(37)
Interest rate and foreign currency risk | Interest Income
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	22	6	0
Interest rate and foreign currency risk | Market making and similar activities
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	463	(51)	(81)
Interest rate risk on available-for-sale securities | Interest Income
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	2,279	(3,518)	21,991
Hedged Item	(2,322)	3,417	(22,280)
Price risk on commodity inventory | Interest Income
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	(577)	2	674
Hedged Item	577	(2)	(674)
Accumulated Other Comprehensive Income (Loss) | Interest rate and foreign currency risk
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative	$ 15	$ 15	$ (2)

Derivatives - Designated Fair V

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 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	$ 188,202	$ 203,986
Hedged liability, long-term debt, cumulative fair value adjustments	(7,263)	(5,767)
Amortized cost basis of portfolios used in hedging relationships	34,800	39,100
Hedged asset, portfolio layer	26,100	22,500
Cumulative basis adjustments, increase (decrease), hedging relationships	(435)	48
AFS securities
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	244,664	134,077
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(4,764)	(1,793)
Trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	3,639	7,475
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	$ 101	$ 414

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Shareholders’ equity	$ 291,646	$ 295,559	$ 291,646	$ 273,197	$ 270,066
Net loss in AOCI expected to be reclassified, after tax		2,500
Net loss in AOCI expected to be reclassified		$ 3,400
Open cash flow hedge, forecasted transactions hedging period (in years)		5 years
Terminated cash flow hedges, period forecasted transaction recognized in interest income (in years)		4 years
Bank of America, N.A.
Derivative [Line Items]
Collateral not yet posted		$ 1,400
Interest rate risk on long-term debt
Derivative [Line Items]
Decrease in liability	10,500	11,200	10,500
Interest rate risk on AFS securities
Derivative [Line Items]
Available -for-sale securities from discontinued hedging relationships cumulative decrease	5,600	4,400	5,600
Credit derivatives
Derivative [Line Items]
Cash and securities held as collateral	104,100	105,900	104,100
Cash and securities collateral posted	93,400	83,100	93,400
Collateral not yet posted		2,700
Foreign Mortgage-backed Securities and Foreign Securities
Derivative [Line Items]
Transfer of mortgage-backed securities to third-party trust	4,100	3,900	4,100
Gross cash proceeds from transfer of securities	4,200	3,900	4,200
Fair value of derecognized assets	4,100	3,600	4,100
Derivatives
Derivative [Line Items]
Shareholders’ equity	(8,016)	(5,588)	(8,016)	(11,935)	$ (1,880)
Pretax loss in accumulated OCI		7,500
Pretax losses reclassified from accumulated OCI		2,803	3,159	303
Derivatives | Market making and similar activities
Derivative [Line Items]
Pretax losses reclassified from accumulated OCI	$ 2,000	$ 146	$ 2,031	$ 0

Derivatives - Derivatives Desig

Derivatives - Derivatives Designated as Cash Flow and Net Investment Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) excluded from effectiveness testing and recognized in market making and similar activities	$ 252	$ 195	$ (38)
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	418	2,049	(13,709)
Gains (Losses) in Income Reclassified from Accumulated OCI	(2,800)	(3,153)	(298)
Interest rate risk on variable-rate portfolios | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	389	1,995	(13,492)
Gains (Losses) in Income Reclassified from Accumulated OCI	(2,826)	(3,176)	(338)
Price risk on forecasted MBS purchases | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	0	6	(129)
Gains (Losses) in Income Reclassified from Accumulated OCI	(9)	(2)	11
Price risk on certain compensation plans | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	29	48	(88)
Gains (Losses) in Income Reclassified from Accumulated OCI	35	25	29
Foreign exchange risk | Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in Accumulated OCI on Derivatives	2,624	(808)	1,710
Gains (Losses) in Income Reclassified from Accumulated OCI	$ (146)	$ 143	$ 3

Derivatives - Other Risk Manage

Derivatives - Other Risk Management Derivatives (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest rate and foreign currency risk on ALM activities
Derivative Instruments, Gain (Loss) [Line Items]
Positive market valuation adjustments on interest rate swaps		$ 447
Other income | Interest rate risk on mortgage activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ (49)	16	$ (326)
Other income | Credit risk on loans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	(52)	(70)	(37)
Market making and similar activities | Interest rate and foreign currency risk on ALM activities
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	952	777	4,713
Other expense | Price risk on certain compensation plans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging	$ 427	$ 584	$ (1,073)

Derivatives - Sales and Trading

Derivatives - Sales and Trading Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ 12,967	$ 12,732	$ 12,075
Brokerage commissions and asset management fee revenue | Global Markets
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,100	2,000	2,000
Trading Derivatives and Securities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	17,917	16,830	16,135
Trading Derivatives and Securities | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	12,776	13,427	11,404
Trading Derivatives and Securities | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,572	867	2,434
Trading Derivatives and Securities | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,569	2,536	2,297
Trading Derivatives and Securities | Interest rate risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	4,043	3,960	3,930
Trading Derivatives and Securities | Interest rate risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,245	3,192	1,919
Trading Derivatives and Securities | Interest rate risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,378	366	1,619
Trading Derivatives and Securities | Interest rate risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	420	402	392
Trading Derivatives and Securities | Foreign exchange risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,084	2,036	1,983
Trading Derivatives and Securities | Foreign exchange risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,866	1,800	1,981
Trading Derivatives and Securities | Foreign exchange risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	120	149	46
Trading Derivatives and Securities | Foreign exchange risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	98	87	(44)
Trading Derivatives and Securities | Equity risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	7,441	6,447	6,546
Trading Derivatives and Securities | Equity risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	7,065	6,628	6,077
Trading Derivatives and Securities | Equity risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	(1,485)	(1,955)	(1,288)
Trading Derivatives and Securities | Equity risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,861	1,774	1,757
Trading Derivatives and Securities | Credit risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	4,267	4,007	2,997
Trading Derivatives and Securities | Credit risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	1,206	1,205	592
Trading Derivatives and Securities | Credit risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	2,465	2,462	2,228
Trading Derivatives and Securities | Credit risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	596	340	177
Trading Derivatives and Securities | Other risk
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	82	380	679
Trading Derivatives and Securities | Other risk | Market making and similar activities
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	394	602	835
Trading Derivatives and Securities | Other risk | Net Interest Income
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	94	(155)	(171)
Trading Derivatives and Securities | Other risk | Other
Trading Activity, Gains and Losses, Net [Line Items]
Sales and trading revenue	$ (406)	$ (67)	$ 15

Derivatives - Credit Derivative

Derivatives - Credit Derivatives (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Carrying Value of Credit Derivatives
Total	$ 305,700	$ 301,200
Carrying Value of Credit-related Notes
Less than One Year	5	0
One to Three Years	5	5
Three to Five Years	46	16
Over Five Years	1,834	1,962
Total	1,890	1,983
Credit derivatives | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	271	246
One to Three Years	307	357
Three to Five Years	776	683
Over Five Years	457	620
Total	1,811	1,906
Maximum Payout/Notional
Less than One Year	127,507	113,020
One to Three Years	120,297	100,087
Three to Five Years	195,671	120,715
Over Five Years	26,051	23,861
Total	469,526	357,683
Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	33	38
One to Three Years	307	288
Three to Five Years	776	627
Over Five Years	457	615
Total	1,573	1,568
Maximum Payout/Notional
Less than One Year	50,704	51,811
One to Three Years	117,557	97,170
Three to Five Years	194,194	117,247
Over Five Years	25,715	22,850
Total	388,170	289,078
Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	238	208
One to Three Years	0	69
Three to Five Years	0	56
Over Five Years	0	5
Total	238	338
Maximum Payout/Notional
Less than One Year	76,803	61,209
One to Three Years	2,740	2,917
Three to Five Years	1,477	3,468
Over Five Years	336	1,011
Total	81,356	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	9	0
Over Five Years	715	859
Total	724	859
Investment grade | Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	0	0
One to Three Years	3	11
Three to Five Years	24	26
Over Five Years	16	20
Total	43	57
Maximum Payout/Notional
Less than One Year	35,634	33,750
One to Three Years	87,302	65,015
Three to Five Years	150,225	83,313
Over Five Years	21,482	17,023
Total	294,643	199,101
Investment grade | Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	93	59
One to Three Years	0	0
Three to Five Years	0	0
Over Five Years	0	0
Total	93	59
Maximum Payout/Notional
Less than One Year	54,041	40,515
One to Three Years	1,288	1,503
Three to Five Years	1,185	1,561
Over Five Years	238	23
Total	56,752	43,602
Non-investment grade
Carrying Value of Credit-related Notes
Less than One Year	5	0
One to Three Years	5	5
Three to Five Years	37	16
Over Five Years	1,119	1,103
Total	1,166	1,124
Non-investment grade | Credit default swaps: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	33	38
One to Three Years	304	277
Three to Five Years	752	601
Over Five Years	441	595
Total	1,530	1,511
Maximum Payout/Notional
Less than One Year	15,070	18,061
One to Three Years	30,255	32,155
Three to Five Years	43,969	33,934
Over Five Years	4,233	5,827
Total	93,527	89,977
Non-investment grade | Total return swaps/options: | Written credit derivatives:
Carrying Value of Credit Derivatives
Less than One Year	145	149
One to Three Years	0	69
Three to Five Years	0	56
Over Five Years	0	5
Total	145	279
Maximum Payout/Notional
Less than One Year	22,762	20,694
One to Three Years	1,452	1,414
Three to Five Years	292	1,907
Over Five Years	98	988
Total	$ 24,604	$ 25,003

Derivatives - Credit-related Co

Derivatives - Credit-related Contingent Features and Collateral (Details) $ in Millions	Dec. 31, 2024 USD ($)
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	$ 134
Additional collateral required to be posted upon downgrade, second incremental notch	922
Credit derivatives
Derivative [Line Items]
Derivative liability subject to unilateral termination upon downgrade, one incremental notch	31
Derivative liability subject to unilateral termination upon downgrade, second incremental notch	349
Collateral posted subject to unilateral termination upon downgrade, one incremental notch	28
Collateral posted subject to unilateral termination upon downgrade, second incremental notch	290
Bank of America, N.A.
Derivative [Line Items]
Additional collateral required to be posted upon downgrade, one incremental notch	59
Additional collateral required to be posted upon downgrade, second incremental notch	$ 782

Derivatives - Valuation Adjustm

Derivatives - Valuation Adjustments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Valuation Gain Loss on Derivatives, Gross [Abstract]
Derivative assets (CVA)	$ 31	$ 159	$ (80)
Derivative assets/liabilities (FVA)	21	(33)	125
Derivative liabilities (DVA)	(27)	(207)	194
Cumulative credit valuation adjustment	328	359	518
Cumulative funding valuation adjustment	66	87	54
Cumulative debit valuation adjustment	$ 272	$ 299	$ 506

Securities - Debt Securities (D

Securities - Debt Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Available-for-sale debt securities
Amortized Cost	$ 349,928	$ 270,482
Gross Unrealized Gains	364	150
Gross Unrealized Losses	(3,860)	(3,983)
Fair Value	346,432	266,649
Other Debt Securities, Carried at Fair Value:
Amortized Cost	12,352	10,202
Gross Unrealized Gains	59	56
Gross Unrealized Losses	(236)	(55)
Fair Value	12,175	10,203
Debt securities carried at fair value:
Amortized Cost	362,280	280,684
Gross Unrealized Gains	423	206
Gross Unrealized Losses	(4,096)	(4,038)
Fair Value	358,607	276,852
Held-to-maturity Securities:
Amortized Cost	558,713	594,591
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(108,166)	(97,994)
Fair Value	450,548	496,597
Debt securities:
Amortized Cost	920,993	875,275
Gross Unrealized Gains	424	206
Gross Unrealized Losses	(112,262)	(102,032)
Fair Value	809,155	773,449
Securities, pledged as collateral	$ 184,600	$ 204,900
Stockholders' Equity, Total | Investment Concentration Risk | Fannie Mae
Debt securities:
Concentration risk (more than)	10%	10%
Stockholders' Equity, Total | Investment Concentration Risk | Freddie Mac
Debt securities:
Concentration risk (more than)	10%	10%
FNMA
Debt securities carried at fair value:
Amortized Cost	$ 260,900	$ 272,500
Fair Value	209,600	226,400
FHLMC
Debt securities carried at fair value:
Amortized Cost	169,000	171,500
Fair Value	136,500	142,300
Mortgage-backed securities
Available-for-sale debt securities
Amortized Cost	78,619	53,292
Gross Unrealized Gains	175	86
Gross Unrealized Losses	(2,387)	(2,205)
Fair Value	76,407	51,173
Debt securities carried at fair value:
Fair Value	76,668
Agency
Available-for-sale debt securities
Amortized Cost	32,781	39,195
Gross Unrealized Gains	35	37
Gross Unrealized Losses	(1,614)	(1,420)
Fair Value	31,202	37,812
Debt securities carried at fair value:
Fair Value	31,202
Held-to-maturity Securities:
Amortized Cost	430,135	465,456
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(88,458)	(78,930)
Fair Value	341,677	386,526
Agency-collateralized mortgage obligations
Available-for-sale debt securities
Amortized Cost	19,519	2,739
Gross Unrealized Gains	17	6
Gross Unrealized Losses	(218)	(201)
Fair Value	19,318	2,544
Debt securities carried at fair value:
Fair Value	19,318
Commercial
Available-for-sale debt securities
Amortized Cost	26,032	10,909
Gross Unrealized Gains	73	40
Gross Unrealized Losses	(503)	(514)
Fair Value	25,602	10,435
Debt securities carried at fair value:
Fair Value	25,613
Non-agency residential
Available-for-sale debt securities
Amortized Cost	287	449
Gross Unrealized Gains	50	3
Gross Unrealized Losses	(52)	(70)
Fair Value	285	$ 382
Debt securities carried at fair value:
Fair Value	$ 535
Non-agency residential | Prime
Debt securities:
Available-for-sale securities, percent held by rating	25%	17%
Non-agency residential | Subprime
Debt securities:
Available-for-sale securities, percent held by rating	75%	83%
U.S. Treasury and government agencies
Available-for-sale debt securities
Amortized Cost	$ 235,582	$ 179,108
Gross Unrealized Gains	150	19
Gross Unrealized Losses	(1,153)	(1,461)
Fair Value	234,579	177,666
Debt securities carried at fair value:
Fair Value	238,464
Held-to-maturity Securities:
Amortized Cost	121,696	121,645
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(18,661)	(17,963)
Fair Value	103,035	103,682
Non-U.S. securities
Available-for-sale debt securities
Amortized Cost	22,453	22,868
Gross Unrealized Gains	20	27
Gross Unrealized Losses	(42)	(20)
Fair Value	22,431	22,875
Debt securities carried at fair value:
Fair Value	30,457
Other taxable securities
Available-for-sale debt securities
Amortized Cost	4,646	4,910
Gross Unrealized Gains	2	1
Gross Unrealized Losses	(45)	(76)
Fair Value	4,603	4,835
Debt securities carried at fair value:
Fair Value	4,606
Held-to-maturity Securities:
Amortized Cost	6,882	7,490
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(1,047)	(1,101)
Fair Value	5,836	6,389
Tax-exempt securities
Available-for-sale debt securities
Amortized Cost	8,628	10,304
Gross Unrealized Gains	17	17
Gross Unrealized Losses	(233)	(221)
Fair Value	8,412	$ 10,100
Debt securities carried at fair value:
Fair Value	$ 8,412

Securities - Narrative (Details

Securities - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Investments, Debt And Equity Securities [Line Items]
Equity securities, fair value	$ 247	$ 251
Equity securities, cost	438	377
Recurring
Investments, Debt And Equity Securities [Line Items]
Time deposits placed and other short-term investments	1,318	1,181
AFS securities
Investments, Debt And Equity Securities [Line Items]
Accumulated net unrealized loss on AFS debt securities	2,600
Accumulated other comprehensive income benefit	872
U.S. Agency And U.S. Treasury Securities
Investments, Debt And Equity Securities [Line Items]
AFS and HTM debt securities	871,100	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	$ 37,500	$ 40,200

Securities - Gross Realized Gai

Securities - Gross Realized Gains (Losses) on Sales of Available For Sale Debt Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Gross gains	$ 20	$ 109	$ 1,251
Gross losses	(49)	(514)	(1,219)
Net gains (losses) on sales of AFS debt securities	(29)	(405)	32
Income tax expense (benefit) attributable to realized net gains (losses) on sales of AFS debt securities	$ (7)	$ (101)	$ 8

Securities - AFS Debt Securitie

Securities - AFS Debt Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value
Less than Twelve Months	$ 107,328	$ 37,331
Twelve Months or Longer	103,346	102,171
Total	210,674	139,502
Gross Unrealized Losses
Less than Twelve Months	(286)	(92)
Twelve Months or Longer	(3,574)	(3,891)
Total	(3,860)	(3,983)
Mortgage-backed securities
Fair Value
Less than Twelve Months	23,991	10,987
Twelve Months or Longer	26,405	27,435
Total	50,396	38,422
Gross Unrealized Losses
Less than Twelve Months	(100)	(48)
Twelve Months or Longer	(2,287)	(2,157)
Total	(2,387)	(2,205)
Agency
Fair Value
Less than Twelve Months	2,908	8,624
Twelve Months or Longer	20,085	20,776
Total	22,993	29,400
Gross Unrealized Losses
Less than Twelve Months	(22)	(21)
Twelve Months or Longer	(1,592)	(1,399)
Total	(1,614)	(1,420)
Agency-collateralized mortgage obligations
Fair Value
Less than Twelve Months	9,597	0
Twelve Months or Longer	1,493	1,701
Total	11,090	1,701
Gross Unrealized Losses
Less than Twelve Months	(21)	0
Twelve Months or Longer	(197)	(201)
Total	(218)	(201)
Commercial
Fair Value
Less than Twelve Months	11,486	2,363
Twelve Months or Longer	4,667	4,588
Total	16,153	6,951
Gross Unrealized Losses
Less than Twelve Months	(57)	(27)
Twelve Months or Longer	(446)	(487)
Total	(503)	(514)
Non-agency residential
Fair Value
Less than Twelve Months	0	0
Twelve Months or Longer	160	370
Total	160	370
Gross Unrealized Losses
Less than Twelve Months	0	0
Twelve Months or Longer	(52)	(70)
Total	(52)	(70)
U.S. Treasury and government agencies
Fair Value
Less than Twelve Months	75,753	14,907
Twelve Months or Longer	69,027	69,669
Total	144,780	84,576
Gross Unrealized Losses
Less than Twelve Months	(135)	(12)
Twelve Months or Longer	(1,018)	(1,449)
Total	(1,153)	(1,461)
Non-U.S. securities
Fair Value
Less than Twelve Months	3,367	7,702
Twelve Months or Longer	4,906	1,524
Total	8,273	9,226
Gross Unrealized Losses
Less than Twelve Months	(26)	(8)
Twelve Months or Longer	(16)	(12)
Total	(42)	(20)
Other taxable securities
Fair Value
Less than Twelve Months	3,192	3,269
Twelve Months or Longer	814	1,437
Total	4,006	4,706
Gross Unrealized Losses
Less than Twelve Months	(5)	(19)
Twelve Months or Longer	(40)	(57)
Total	(45)	(76)
Tax-exempt securities
Fair Value
Less than Twelve Months	1,025	466
Twelve Months or Longer	2,194	2,106
Total	3,219	2,572
Gross Unrealized Losses
Less than Twelve Months	(20)	(5)
Twelve Months or Longer	(213)	(216)
Total	$ (233)	$ (221)

Securities - Maturities of Debt

Securities - Maturities of Debt Securities Carried at Fair Value and Held-to-maturity Debt Securities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 667
Due in one year or less, yield	2.56%
Due after one year through five years, amount	$ 25,738
Due after one year through five years, yield	1.86%
Due after five years through ten years, amount	$ 96,582
Due after five years though ten years, yield	1.27%
Due after ten years, amount	$ 435,726
Due after ten years, yield	2.12%
Amortized Cost	$ 558,713	$ 594,591
Total, yield	1.96%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Fair Value	$ 358,607	276,852
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	660
Due after One Year through Five Years	22,764
Due after Five Years through Ten Years	80,832
Due after Ten Years	346,292
Held-to-maturity, fair value	450,548	496,597
AFS securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 46,196
Due in one year or less, yield	3.98%
Due after one year through five years, amount	$ 222,813
Due after one year through five years, yield	3.83%
Due after five years through ten years, amount	$ 31,878
Due after five years through ten years, yield	3.65%
Due after ten years, amount	$ 61,393
Due after ten years, yield	4.92%
Amount	$ 362,280
Total, yield	4.02%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 46,077
Due after one year through five years, amount	221,968
Due after five years though ten years, amount	31,400
Due after ten years, amount	59,162
Fair Value	358,607
Mortgage-backed securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 142
Due in one year or less, yield	3.80%
Due after one year through five years, amount	$ 9,636
Due after one year through five years, yield	4.20%
Due after five years through ten years, amount	$ 13,728
Due after five years through ten years, yield	4.26%
Due after ten years, amount	$ 55,391
Due after ten years, yield	5.02%
Amount	$ 78,897
Total, yield	4.79%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 141
Due after one year through five years, amount	9,579
Due after five years though ten years, amount	13,570
Due after ten years, amount	53,378
Fair Value	76,668
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	$ 6
Due after one year through five years, yield	2.83%
Due after five years through ten years, amount	$ 5
Due after five years through ten years, yield	4%
Due after ten years, amount	$ 32,770
Due after ten years, yield	4.56%
Amount	$ 32,781
Total, yield	4.56%
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	2.60%
Due after ten years, amount	$ 430,125
Due after ten years, yield	2.12%
Amortized Cost	$ 430,135	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	5
Due after five years though ten years, amount	5
Due after ten years, amount	31,192
Fair Value	31,202
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	9
Due after Ten Years	341,668
Held-to-maturity, fair value	341,677	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	$ 1
Due after five years through ten years, yield	1%
Due after ten years, amount	$ 19,518
Due after ten years, yield	5.90%
Amount	$ 19,519
Total, yield	5.90%
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	1
Due after ten years, amount	19,317
Fair Value	19,318
Commercial
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 142
Due in one year or less, yield	3.80%
Due after one year through five years, amount	$ 9,630
Due after one year through five years, yield	4.20%
Due after five years through ten years, amount	$ 13,722
Due after five years through ten years, yield	4.26%
Due after ten years, amount	$ 2,551
Due after ten years, yield	2.77%
Amount	$ 26,045
Total, yield	4.09%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 141
Due after one year through five years, amount	9,572
Due after five years though ten years, amount	13,564
Due after ten years, amount	2,336
Fair Value	25,613
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	$ 552
Due after ten years, yield	11.48%
Amount	$ 552
Total, yield	11.48%
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	533
Fair Value	535
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	$ 24,484
Due in one year or less, yield	4.58%
Due after one year through five years, amount	$ 202,038
Due after one year through five years, yield	3.82%
Due after five years through ten years, amount	$ 12,910
Due after five years through ten years, yield	2.78%
Due after ten years, amount	$ 34
Due after ten years, yield	3.99%
Amount	$ 239,466
Total, yield	3.85%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 493
Due in one year or less, yield	2.71%
Due after one year through five years, amount	$ 24,731
Due after one year through five years, yield	1.84%
Due after five years through ten years, amount	$ 96,472
Due after five years though ten years, yield	1.27%
Due after ten years, amount	$ 0
Due after ten years, yield	0%
Amortized Cost	$ 121,696	121,645
Total, yield	1.39%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 24,556
Due after one year through five years, amount	201,280
Due after five years though ten years, amount	12,597
Due after ten years, amount	31
Fair Value	238,464
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	490
Due after One Year through Five Years	21,791
Due after Five Years through Ten Years	80,754
Due after Ten Years	0
Held-to-maturity, fair value	103,035	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	$ 19,865
Due in one year or less, yield	3.20%
Due after one year through five years, amount	$ 4,391
Due after one year through five years, yield	2.25%
Due after five years through ten years, amount	$ 3,861
Due after five years through ten years, yield	4.56%
Due after ten years, amount	$ 2,526
Due after ten years, yield	3.77%
Amount	$ 30,643
Total, yield	3.29%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 19,682
Due after one year through five years, amount	4,391
Due after five years though ten years, amount	3,892
Due after ten years, amount	2,492
Fair Value	30,457
Other taxable securities
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 947
Due in one year or less, yield	5.67%
Due after one year through five years, amount	$ 3,160
Due after one year through five years, yield	5.34%
Due after five years through ten years, amount	$ 397
Due after five years through ten years, yield	3.52%
Due after ten years, amount	$ 142
Due after ten years, yield	4.55%
Amount	$ 4,646
Total, yield	5.22%
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less, amount	$ 174
Due in one year or less, yield	2.15%
Due after one year through five years, amount	$ 1,007
Due after one year through five years, yield	2.28%
Due after five years through ten years, amount	$ 100
Due after five years though ten years, yield	3.53%
Due after ten years, amount	$ 5,601
Due after ten years, yield	2.53%
Amortized Cost	$ 6,882	7,490
Total, yield	2.50%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 944
Due after one year through five years, amount	3,149
Due after five years though ten years, amount	378
Due after ten years, amount	135
Fair Value	4,606
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Due in One Year or Less	170
Due after One Year through Five Years	973
Due after Five Years through Ten Years	69
Due after Ten Years	4,624
Held-to-maturity, fair value	5,836	$ 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	$ 758
Due in one year or less, yield	2.83%
Due after one year through five years, amount	$ 3,588
Due after one year through five years, yield	3.75%
Due after five years through ten years, amount	$ 982
Due after five years through ten years, yield	3.27%
Due after ten years, amount	$ 3,300
Due after ten years, yield	4.10%
Amount	$ 8,628
Total, yield	3.75%
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, amount	$ 754
Due after one year through five years, amount	3,569
Due after five years though ten years, amount	963
Due after ten years, amount	3,126
Fair Value	$ 8,412

Outstanding Loans and Leases _3

Outstanding Loans and Leases and Allowance for Credit Losses - Past Due (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,095,835	$ 1,053,732
Percentage of outstandings, total outstanding	100%	100%
Loans and leases, measured at fair value	$ 4,249	$ 3,569
Asset Pledged as Collateral
Financing Receivable, Past Due [Line Items]
Loans and leases	26,800	33,700
Asset Pledged as Collateral | Federal Reserve Bank And Federal Home Loan Bank
Financing Receivable, Past Due [Line Items]
Loans and leases	305,200	246,000
Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 4,249	$ 3,569
Percentage of outstandings, total outstanding	0.39%	0.34%
Direct/indirect consumer | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	$ 54	$ 39
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	464,996	459,965
Consumer Portfolio Segment | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	464,775	459,722
Consumer Portfolio Segment | Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	221	243
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	59	66
Consumer Portfolio Segment | Home equity lines of credit
Financing Receivable, Past Due [Line Items]
Loans and leases, measured at fair value	162	177
Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Nonperforming loans	1,500	1,600
Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	228,199	228,403
Consumer real estate | Residential Mortgage | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	228,199	228,403
Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	25,737	25,527
Consumer real estate | Home equity | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	25,737	25,527
Credit card and other consumer | Credit card | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	103,566	102,200
Credit card and other consumer | Direct/indirect consumer | Dealer Financial Services Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	54,900	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	48,700	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	107,122	103,468
Credit card and other consumer | Other consumer | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	151	124
Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	630,839	593,767
Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	386,990	358,931
Loans and leases, measured at fair value	2,800	2,200
Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	137,518	124,581
Loans and leases, measured at fair value	1,300	1,200
Commercial | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	626,811	590,441
Commercial | Carrying Value | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	386,990	358,931
Commercial | Carrying Value | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	137,518	124,581
Commercial | Estimate of Fair Value Measurement
Financing Receivable, Past Due [Line Items]
Loans and leases	4,028	3,326
Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	65,730	72,878
Commercial | Commercial real estate | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	59,600	66,800
Commercial | Commercial real estate | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	6,100	6,100
Commercial | Commercial real estate | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	65,730	72,878
Commercial | Commercial lease financing | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	15,708	14,854
Commercial | U.S. small business commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	10,249	9,415
Commercial | U.S. small business commercial | Carrying Value
Financing Receivable, Past Due [Line Items]
Loans and leases	20,865	19,197
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 4,114	$ 3,273
Percentage of outstandings	0.38%	0.31%
30 to 59 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 2,277	$ 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	188	198
30 to 59 Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	174	150
30 to 59 Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	1,222	1,177
30 to 59 Days Past Due | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	80	90
30 to 59 Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	685	680
30 to 59 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	290	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	1,837	1,020
30 to 59 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	910	477
30 to 59 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	65	86
30 to 59 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	640	247
30 to 59 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	32	44
30 to 59 Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	190	166
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,462	$ 1,301
Percentage of outstandings	0.13%	0.12%
60 to 89 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 993	$ 954
60 to 89 Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	71	77
60 to 89 Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	107	102
60 to 89 Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	288	302
60 to 89 Days Past Due | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	40	38
60 to 89 Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	552	515
60 to 89 Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	113	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	469	347
60 to 89 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	228	96
60 to 89 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	17	21
60 to 89 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	121	133
60 to 89 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	9	8
60 to 89 Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	94	89
90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 3,979	$ 3,307
Percentage of outstandings	0.36%	0.31%
90+ Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 2,422	$ 2,305
90+ Days Past Due | Consumer real estate | US Government Agency Insured Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	229	252
90+ Days Past Due | Consumer real estate | Nonperforming Loans
Financing Receivable, Past Due [Line Items]
Loans and leases	686	738
90+ Days Past Due | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	788	829
90+ Days Past Due | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	127	161
90+ Days Past Due | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	1,401	1,224
90+ Days Past Due | Credit card and other consumer | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Loans and leases	106	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	1,557	1,002
90+ Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	345	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	990	505
90+ Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	19	24
90+ Days Past Due | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	199	184
Total Past Due 30 Days or More
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 9,555	$ 7,881
Percentage of outstandings	0.87%	0.75%
Total Past Due 30 Days or More | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 5,692	$ 5,512
Total Past Due 30 Days or More | Consumer real estate | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Loans and leases	2,298	2,308
Total Past Due 30 Days or More | Consumer real estate | Home equity
Financing Receivable, Past Due [Line Items]
Loans and leases	247	289
Total Past Due 30 Days or More | Credit card and other consumer | Credit card
Financing Receivable, Past Due [Line Items]
Loans and leases	2,638	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	509	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	3,863	2,369
Total Past Due 30 Days or More | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	1,483	798
Total Past Due 30 Days or More | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	86	171
Total Past Due 30 Days or More | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	1,751	885
Total Past Due 30 Days or More | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	60	76
Total Past Due 30 Days or More | Commercial | U.S. small business commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	483	439
Total Current or Less Than 30 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 1,082,031	$ 1,042,282
Percentage of outstandings, total outstanding	98.74%	98.91%
Total Current or Less Than 30 Days Past Due | Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans and leases	$ 459,083	$ 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	225,901	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	25,490	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	100,928	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	106,613	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	151	124
Total Current or Less Than 30 Days Past Due | Commercial
Financing Receivable, Past Due [Line Items]
Loans and leases	622,948	588,072
Total Current or Less Than 30 Days Past Due | Commercial | United States
Financing Receivable, Past Due [Line Items]
Loans and leases	385,507	358,133
Total Current or Less Than 30 Days Past Due | Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Loans and leases	137,432	124,410
Total Current or Less Than 30 Days Past Due | Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans and leases	63,979	71,993
Total Current or Less Than 30 Days Past Due | Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Loans and leases	15,648	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	$ 20,382	$ 18,758

Outstanding Loans and Leases _4

Outstanding Loans and Leases and Allowance for Credit Losses - Nonperforming, Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	$ 5,975	$ 5,485
Commercial
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	3,328	2,773
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	2,647	2,712
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming loans and leases	2,052	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	$ 8,000	$ 8,700

Outstanding Loans and Leases _5

Outstanding Loans and Leases and Allowance for Credit Losses - Nonperforming, Credit Quality (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 5,975	$ 5,485
Accruing past due 90 days or more	$ 1,931	$ 1,756
Nonperforming loans and leases, percent outstanding	0.55%	0.52%
Accruing past due 90 days or more, percent outstanding	0.18%	0.17%
Consumer Portfolio Segment
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	$ 2,647	$ 2,712
Accruing past due 90 days or more	1,631	1,478
Consumer Portfolio Segment | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	2,052	2,114
Accruing past due 90 days or more	229	252
Consumer Portfolio Segment | Residential Mortgage With No Related Allowance
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,883	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	409	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	334	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	1,401	1,224
Consumer Portfolio Segment | Direct/indirect consumer
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	186	148
Accruing past due 90 days or more	1	2
Commercial
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	3,328	2,773
Accruing past due 90 days or more	300	278
Commercial | United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	1,204	636
Accruing past due 90 days or more	90	51
Commercial | Non United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	8	175
Accruing past due 90 days or more	4	4
Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	2,068	1,927
Accruing past due 90 days or more	6	32
Commercial | Commercial lease financing
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	20	19
Accruing past due 90 days or more	3	7
Commercial | U.S. small business commercial | United States
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	28	16
Accruing past due 90 days or more	197	184
Nonperforming Loans | Residential Mortgage
Financing Receivable, Past Due [Line Items]
Nonperforming Loans and Leases	119	156
Accruing past due 90 days or more	$ 110	$ 96

Outstanding Loans and Leases _6

Outstanding Loans and Leases and Allowance for Credit Losses - Residential Mortgage - Credit Quality Indicators (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,095,835	$ 1,053,732
Total gross charge-offs	7,054	4,817	$ 3,439
Small Business Card Loans | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross charge-offs	489	317
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross charge-offs	42	103	$ 206
Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	228,199	228,403
Originated in current fiscal year	19,555	16,726
Originated in fiscal year before current fiscal year	13,758	39,828
Originated two years before current fiscal year	37,665	80,030
Originated three years before current fiscal year	75,243	37,990
Originated four years before current fiscal year	35,118	18,318
Prior	46,860	35,511
Total gross charge-offs	21	67
Gross charge-offs, Originated in current fiscal year	2	0
Gross charge-offs, Originated in fiscal year before current fiscal year	3	7
Gross charge-offs, Originated two years before current fiscal year	6	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	2,619	2,335
Originated in current fiscal year	172	115
Originated in fiscal year before current fiscal year	171	471
Originated two years before current fiscal year	484	589
Originated three years before current fiscal year	649	402
Originated four years before current fiscal year	427	136
Prior	716	622
Consumer real estate | Greater than or equal to 620 and less than 680 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,687	4,671
Originated in current fiscal year	329	359
Originated in fiscal year before current fiscal year	337	919
Originated two years before current fiscal year	826	1,235
Originated three years before current fiscal year	1,201	777
Originated four years before current fiscal year	736	296
Prior	1,258	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	22,666	23,357
Originated in current fiscal year	2,008	1,934
Originated in fiscal year before current fiscal year	1,553	4,652
Originated two years before current fiscal year	4,112	6,988
Originated three years before current fiscal year	6,322	3,742
Originated four years before current fiscal year	3,431	1,836
Prior	5,240	4,205
Consumer real estate | Greater than or equal to 740 | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	188,314	187,077
Originated in current fiscal year	16,758	13,778
Originated in fiscal year before current fiscal year	11,507	33,436
Originated two years before current fiscal year	31,941	67,803
Originated three years before current fiscal year	63,918	30,235
Originated four years before current fiscal year	27,956	15,203
Prior	36,234	26,622
Less than or equal to 90 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	215,575	214,661
Originated in current fiscal year	18,115	15,224
Originated in fiscal year before current fiscal year	12,910	38,225
Originated two years before current fiscal year	36,748	76,229
Originated three years before current fiscal year	71,912	35,072
Originated four years before current fiscal year	32,504	17,432
Prior	43,386	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	1,848	1,994
Originated in current fiscal year	724	698
Originated in fiscal year before current fiscal year	463	911
Originated two years before current fiscal year	471	286
Originated three years before current fiscal year	122	53
Originated four years before current fiscal year	31	25
Prior	37	21
Greater than 100 percent | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	863	785
Originated in current fiscal year	428	264
Originated in fiscal year before current fiscal year	195	342
Originated two years before current fiscal year	144	100
Originated three years before current fiscal year	56	31
Originated four years before current fiscal year	15	14
Prior	25	34
Fully-insured loans | Consumer real estate | Residential Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	9,913	10,963
Originated in current fiscal year	288	540
Originated in fiscal year before current fiscal year	190	350
Originated two years before current fiscal year	302	3,415
Originated three years before current fiscal year	3,153	2,834
Originated four years before current fiscal year	2,568	847
Prior	$ 3,412	$ 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,095,835	$ 1,053,732
Total gross charge-offs	7,054	4,817	$ 3,439
Consumer real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross charge-offs	42	103	$ 206
Consumer real estate | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	25,737	25,527
Total gross charge-offs	21	36
Consumer real estate | Home equity | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	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	1,115	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	4,373	4,340
Consumer real estate | Home equity | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	19,604	19,426
Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	787	1,103
Total gross charge-offs	6	4
Consumer real estate | Home Equity Loans and Reverse Mortgages | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	72	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	83	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	161	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	471	622
Consumer real estate | Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	500	763
Consumer real estate | Home Equity Loan no Longer Originated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	287	340
Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	21,526	20,451
Gross charge-offs, Revolving Loans	9	21
Consumer real estate | Revolving Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	320	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	689	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	3,429	3,156
Consumer real estate | Revolving Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	17,088	16,453
Consumer real estate | Revolving Loans Converted to Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans	3,424	3,973
Gross charge-offs, Revolving Loans Converted to Term Loans	6	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	253	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	343	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	783	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	2,045	2,351
Less than or equal to 90 percent | Consumer real estate | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	25,638	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	780	1,051
Less than or equal to 90 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	21,450	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	3,408	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	51	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	4	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	42	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	5	9
Greater than 100 percent | Consumer real estate | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	48	88
Greater than 100 percent | Consumer real estate | Home Equity Loans and Reverse Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	3	35
Greater than 100 percent | Consumer real estate | Revolving Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	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	$ 11	$ 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,095,835	$ 1,053,732
Total gross charge-offs	7,054	4,817	$ 3,439
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	107,122	103,468
Revolving Loans	51,561	48,908
Originated in current fiscal year	22,076	21,547
Originated in fiscal year before current fiscal year	14,621	15,794
Originated two years before current fiscal year	10,305	10,231
Originated three years before current fiscal year	5,343	3,428
Originated four years before current fiscal year	1,701	1,846
Prior	1,515	1,714
Revolving Loans	51,561	48,908
Total gross charge-offs	399	233
Gross charge-offs, Revolving Loans	5	5
Gross charge-offs, Originated in current fiscal year	46	32
Gross charge-offs, Originated in fiscal year before current fiscal year	144	95
Gross charge-offs, Originated two years before current fiscal year	109	53
Gross charge-offs, Originated three years before current fiscal year	51	15
Gross charge-offs, Originated four years before current fiscal year	12	10
Gross charge-offs, Prior	32	23
Gross charge-offs, Revolving Loans	5	5
Loans and lease receivable, securities based lending	51,400	48,800
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,483	1,246
Revolving Loans	10	11
Originated in current fiscal year	249	292
Originated in fiscal year before current fiscal year	452	428
Originated two years before current fiscal year	433	336
Originated three years before current fiscal year	243	85
Originated four years before current fiscal year	53	55
Prior	43	39
Revolving Loans	10	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	2,360	2,506
Revolving Loans	9	11
Originated in current fiscal year	735	937
Originated in fiscal year before current fiscal year	699	799
Originated two years before current fiscal year	523	501
Originated three years before current fiscal year	272	121
Originated four years before current fiscal year	67	73
Prior	55	64
Revolving Loans	9	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	8,071	8,629
Revolving Loans	42	48
Originated in current fiscal year	3,038	3,451
Originated in fiscal year before current fiscal year	2,179	2,582
Originated two years before current fiscal year	1,587	1,641
Originated three years before current fiscal year	825	462
Originated four years before current fiscal year	226	244
Prior	174	201
Revolving Loans	42	48
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Total	43,141	41,656
Revolving Loans	67	74
Originated in current fiscal year	17,889	16,761
Originated in fiscal year before current fiscal year	11,240	11,802
Originated two years before current fiscal year	7,635	7,643
Originated three years before current fiscal year	3,908	2,707
Originated four years before current fiscal year	1,319	1,417
Prior	1,083	1,252
Revolving Loans	67	74
Credit Card and Direct/ Indirect Consumer | Direct/indirect consumer | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Total	52,067	49,431
Revolving Loans	51,433	48,764
Originated in current fiscal year	165	106
Originated in fiscal year before current fiscal year	51	183
Originated two years before current fiscal year	127	110
Originated three years before current fiscal year	95	53
Originated four years before current fiscal year	36	57
Prior	160	158
Revolving Loans	51,433	48,764
Credit Card and Direct/ Indirect Consumer | Credit card
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	102,523	101,323
Total Credit Card as of December 31, 2024	103,566	102,200
Revolving Loans	102,523	101,323
Revolving Loans Converted to Term Loans	1,043	877
Gross charge-offs, Revolving Loans	4,188	3,013
Gross charge-offs, Total Revolving Loans And Revolving Loans Converted to Term Loans	4,365	3,133
Gross charge-offs, Revolving Loans	4,188	3,013
Gross charge-offs, Revolving Loans Converted to Term Loans	177	120
Credit Card and Direct/ Indirect Consumer | Credit card | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	5,511	5,030
Total Credit Card as of December 31, 2024	5,866	5,338
Revolving Loans	5,511	5,030
Revolving Loans Converted to Term Loans	355	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	11,250	11,345
Total Credit Card as of December 31, 2024	11,580	11,623
Revolving Loans	11,250	11,345
Revolving Loans Converted to Term Loans	330	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	34,743	34,538
Total Credit Card as of December 31, 2024	35,037	34,777
Revolving Loans	34,743	34,538
Revolving Loans Converted to Term Loans	294	239
Credit Card and Direct/ Indirect Consumer | Credit card | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	51,019	50,410
Total Credit Card as of December 31, 2024	51,083	50,462
Revolving Loans	51,019	50,410
Revolving Loans Converted to Term Loans	64	52
Credit Card and Direct/ Indirect Consumer | Credit card | Other internal credit metrics
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	0	0
Total Credit Card as of December 31, 2024	0	0
Revolving Loans	0	0
Revolving Loans Converted to Term Loans	$ 0	$ 0

Outstanding Loans and Leases _9

Outstanding Loans and Leases and Allowance for Credit Losses - Commercial - Credit Quality Indicators (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 1,095,835	$ 1,053,732
Total gross charge-offs	7,054	4,817	$ 3,439
Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	4,249	3,569
Small Business Card Loans | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross charge-offs	489	317
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	630,839	593,767
Total gross charge-offs	1,935	844	$ 478
Commercial | Estimate of Fair Value Measurement
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	4,028	3,326
Commercial | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	386,990	358,931
Originated in current fiscal year	49,744	42,120
Originated in fiscal year before current fiscal year	34,253	44,606
Originated two years before current fiscal year	35,050	28,446
Originated three years before current fiscal year	21,600	13,858
Originated four years before current fiscal year	10,512	12,309
Prior	36,172	31,265
Revolving Loans	199,659	186,327
Total gross charge-offs	439	191
Gross charge-offs, Originated in current fiscal year	3	5
Gross charge-offs, Originated in fiscal year before current fiscal year	122	38
Gross charge-offs, Originated two years before current fiscal year	80	29
Gross charge-offs, Originated three years before current fiscal year	19	4
Gross charge-offs, Originated four years before current fiscal year	4	2
Gross charge-offs, Prior	63	27
Gross charge-offs, Revolving Loans	148	86
Commercial | United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	374,380	347,563
Originated in current fiscal year	49,587	41,842
Originated in fiscal year before current fiscal year	33,352	43,290
Originated two years before current fiscal year	34,015	27,738
Originated three years before current fiscal year	20,801	13,495
Originated four years before current fiscal year	10,172	11,772
Prior	34,176	29,923
Revolving Loans	192,277	179,503
Commercial | United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	12,610	11,368
Originated in current fiscal year	157	278
Originated in fiscal year before current fiscal year	901	1,316
Originated two years before current fiscal year	1,035	708
Originated three years before current fiscal year	799	363
Originated four years before current fiscal year	340	537
Prior	1,996	1,342
Revolving Loans	7,382	6,824
Commercial | Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	137,518	124,581
Originated in current fiscal year	27,141	17,103
Originated in fiscal year before current fiscal year	14,448	15,994
Originated two years before current fiscal year	12,365	15,550
Originated three years before current fiscal year	12,060	2,495
Originated four years before current fiscal year	1,336	3,108
Prior	6,883	5,559
Revolving Loans	63,285	64,772
Total gross charge-offs	81	37
Gross charge-offs, Originated in current fiscal year	0	0
Gross charge-offs, Originated in fiscal year before current fiscal year	41	0
Gross charge-offs, Originated two years before current fiscal year	22	8
Gross charge-offs, Originated three years before current fiscal year	16	7
Gross charge-offs, Originated four years before current fiscal year	0	1
Gross charge-offs, Prior	0	0
Gross charge-offs, Revolving Loans	2	21
Commercial | Non United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	135,720	122,931
Originated in current fiscal year	27,119	17,053
Originated in fiscal year before current fiscal year	14,268	15,810
Originated two years before current fiscal year	12,220	15,256
Originated three years before current fiscal year	11,750	2,405
Originated four years before current fiscal year	1,328	2,950
Prior	6,777	5,485
Revolving Loans	62,258	63,972
Commercial | Non United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	1,798	1,650
Originated in current fiscal year	22	50
Originated in fiscal year before current fiscal year	180	184
Originated two years before current fiscal year	145	294
Originated three years before current fiscal year	310	90
Originated four years before current fiscal year	8	158
Prior	106	74
Revolving Loans	1,027	800
Commercial | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	65,730	72,878
Originated in current fiscal year	5,463	5,011
Originated in fiscal year before current fiscal year	5,146	16,896
Originated two years before current fiscal year	14,007	13,538
Originated three years before current fiscal year	11,090	4,808
Originated four years before current fiscal year	3,499	9,418
Prior	16,682	12,921
Revolving Loans	9,843	10,286
Total gross charge-offs	894	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	83	0
Gross charge-offs, Originated four years before current fiscal year	62	59
Gross charge-offs, Prior	663	189
Gross charge-offs, Revolving Loans	29	0
Commercial | Commercial real estate | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	55,607	64,150
Originated in current fiscal year	5,422	4,877
Originated in fiscal year before current fiscal year	4,935	16,147
Originated two years before current fiscal year	10,755	11,810
Originated three years before current fiscal year	8,990	4,026
Originated four years before current fiscal year	2,911	7,286
Prior	13,310	10,127
Revolving Loans	9,284	9,877
Commercial | Commercial real estate | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	10,123	8,728
Originated in current fiscal year	41	134
Originated in fiscal year before current fiscal year	211	749
Originated two years before current fiscal year	3,252	1,728
Originated three years before current fiscal year	2,100	782
Originated four years before current fiscal year	588	2,132
Prior	3,372	2,794
Revolving Loans	559	409
Commercial | Commercial real estate | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	59,600	66,800
Commercial | Commercial real estate | Non United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	6,100	6,100
Commercial | Commercial Lease Financing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	15,708	14,854
Originated in current fiscal year	3,911	4,197
Originated in fiscal year before current fiscal year	3,771	3,099
Originated two years before current fiscal year	2,532	2,419
Originated three years before current fiscal year	1,973	1,365
Originated four years before current fiscal year	1,056	1,206
Prior	2,465	2,568
Revolving Loans	0	0
Total gross charge-offs	2	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	2	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	15,417	14,688
Originated in current fiscal year	3,902	4,188
Originated in fiscal year before current fiscal year	3,675	3,077
Originated two years before current fiscal year	2,465	2,373
Originated three years before current fiscal year	1,921	1,349
Originated four years before current fiscal year	1,033	1,174
Prior	2,421	2,527
Revolving Loans	0	0
Commercial | Commercial Lease Financing | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	291	166
Originated in current fiscal year	9	9
Originated in fiscal year before current fiscal year	96	22
Originated two years before current fiscal year	67	46
Originated three years before current fiscal year	52	16
Originated four years before current fiscal year	23	32
Prior	44	41
Revolving Loans	0	0
Commercial | U.S. small business commercial | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	10,249	9,415
Originated in current fiscal year	1,934	1,892
Originated in fiscal year before current fiscal year	1,970	1,894
Originated two years before current fiscal year	1,754	1,645
Originated three years before current fiscal year	1,417	876
Originated four years before current fiscal year	629	784
Prior	2,097	1,893
Revolving Loans	448	431
Total gross charge-offs	30	43
Gross charge-offs, Originated in current fiscal year	0	1
Gross charge-offs, Originated in fiscal year before current fiscal year	1	2
Gross charge-offs, Originated two years before current fiscal year	2	2
Gross charge-offs, Originated three years before current fiscal year	1	19
Gross charge-offs, Originated four years before current fiscal year	6	3
Gross charge-offs, Prior	7	4
Gross charge-offs, Revolving Loans	13	12
Commercial | U.S. small business commercial | United States | Pass rated
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	9,806	9,031
Originated in current fiscal year	1,926	1,886
Originated in fiscal year before current fiscal year	1,887	1,830
Originated two years before current fiscal year	1,650	1,550
Originated three years before current fiscal year	1,302	836
Originated four years before current fiscal year	604	721
Prior	1,992	1,780
Revolving Loans	445	428
Commercial | U.S. small business commercial | United States | Reservable criticized
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	443	384
Originated in current fiscal year	8	6
Originated in fiscal year before current fiscal year	83	64
Originated two years before current fiscal year	104	95
Originated three years before current fiscal year	115	40
Originated four years before current fiscal year	25	63
Prior	105	113
Revolving Loans	3	3
Commercial | Term Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	616,195	580,659
Originated in current fiscal year	88,193	70,323
Originated in fiscal year before current fiscal year	59,588	82,489
Originated two years before current fiscal year	65,708	61,598
Originated three years before current fiscal year	48,140	23,402
Originated four years before current fiscal year	17,032	26,825
Prior	64,299	54,206
Revolving Loans	273,235	261,816
Total gross charge-offs	1,446	527
Gross charge-offs, Originated in current fiscal year	3	8
Gross charge-offs, Originated in fiscal year before current fiscal year	164	40
Gross charge-offs, Originated two years before current fiscal year	161	44
Gross charge-offs, Originated three years before current fiscal year	121	31
Gross charge-offs, Originated four years before current fiscal year	72	65
Gross charge-offs, Prior	733	220
Gross charge-offs, Revolving Loans	192	119
Commercial | Small Business Card Loans | Less than 620
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	699	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	1,200	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	3,000	2,700
Commercial | Small Business Card Loans | Greater than or equal to 740
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	5,800	5,500
Commercial | Small Business Card Loans | United States
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and leases	$ 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	Dec. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Commercial reservable criticized utilized exposure, amount	$ 26.5	$ 23.3
Commercial reservable criticized utilized exposure, percent	4.01%	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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months			$ 216
Real estate acquired through foreclosure	$ 60	$ 83
Loans with formal foreclosure proceeding in process	464	633
Reclassified consumer real estate loans	89	106
Total	$ 264	$ 671
Total financing receivable percentage	0.10%	0.26%
Total	$ 264	$ 671
Consumer real estate | Current
Financing Receivable, Modified [Line Items]
Total	151	392
Consumer real estate | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	56	106
Consumer real estate | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	57	173
Consumer real estate | Trial Modifications
Financing Receivable, Modified [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months			25
Consumer real estate | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	217	185
Consumer real estate | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	$ 47	486
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]
Total	$ 232	$ 583
Total financing receivable percentage	0.10%	0.26%
Total	$ 232	$ 583
Consumer real estate | Residential Mortgage | Current
Financing Receivable, Modified [Line Items]
Total	123	334
Consumer real estate | Residential Mortgage | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	54	101
Consumer real estate | Residential Mortgage | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	55	148
Consumer real estate | Residential Mortgage | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	$ 186	$ 154
Weighted-average Interest Rate Reduction	1.25%	1.41%
Weighted-average duration	9 years 7 months 6 days	9 years 10 months 24 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	$ 46	$ 429
Weighted-average duration	7 months	8 months
Consumer real estate | Home equity
Financing Receivable, Modified [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 128	$ 287
Total	$ 32	$ 88
Total financing receivable percentage	0.12%	0.34%
Total	$ 32	$ 88
Consumer real estate | Home equity | Current
Financing Receivable, Modified [Line Items]
Total	28	58
Consumer real estate | Home equity | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	2	5
Consumer real estate | Home equity | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	2	25
Consumer real estate | Home equity | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	$ 31	$ 31
Weighted-average Interest Rate Reduction	2.61%	2.74%
Weighted-average duration	17 years 8 months 12 days	17 years 8 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	$ 1	$ 57
Weighted-average duration		9 months
Credit card and other consumer
Financing Receivable, Modified [Line Items]
Total	$ 650	$ 598
Total financing receivable percentage	0.31%	0.29%
Weighted-average Interest Rate Reduction	18.89%	19.02%
Total	$ 650	$ 598
Credit card and other consumer | Current
Financing Receivable, Modified [Line Items]
Total	546	491
Credit card and other consumer | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	58	59
Credit card and other consumer | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	$ 46	48
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	$ 113	61
Commercial
Financing Receivable, Modified [Line Items]
Total	$ 3,948	$ 3,278
Total financing receivable percentage	0.67%	0.59%
Total	$ 3,948	$ 3,278
Lending commitments			$ 358
Commercial | Current
Financing Receivable, Modified [Line Items]
Total	3,473	2,780
Commercial | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	160	128
Commercial | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	315	370
Commercial | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Total	100	24
Commercial | Payment Deferral
Financing Receivable, Modified [Line Items]
Total	706	446
Commercial | Commercial loans
Financing Receivable, Modified [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 102	$ 159
Weighted-average duration	1 year 8 months 12 days	1 year 7 months 6 days
Lending commitments	$ 1,300	$ 1,200
Commercial | Commercial loans | Forbearance Program
Financing Receivable, Modified [Line Items]
Weighted-average duration	9 months	9 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) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Consumer real estate
Financing Receivable, Modified [Line Items]
Total	$ 264	$ 671
As a % of Financing Receivables	0.10%	0.26%
Consumer real estate | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	$ 47	$ 486
Consumer real estate | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	217	185
Consumer real estate | Residential Mortgage
Financing Receivable, Modified [Line Items]
Total	$ 232	$ 583
As a % of Financing Receivables	0.10%	0.26%
Consumer real estate | Residential Mortgage | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	$ 46	$ 429
Weighted-average duration	7 months	8 months
Consumer real estate | Residential Mortgage | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	$ 186	$ 154
Weighted-average duration	9 years 7 months 6 days	9 years 10 months 24 days
Weighted-average Interest Rate Reduction	1.25%	1.41%
Consumer real estate | Home equity
Financing Receivable, Modified [Line Items]
Total	$ 32	$ 88
As a % of Financing Receivables	0.12%	0.34%
Consumer real estate | Home equity | Forbearance and Other Payment Plans
Financing Receivable, Modified [Line Items]
Total	$ 1	$ 57
Weighted-average duration		9 months
Consumer real estate | Home equity | Permanent Modification
Financing Receivable, Modified [Line Items]
Total	$ 31	$ 31
Weighted-average duration	17 years 8 months 12 days	17 years 8 months 12 days
Weighted-average Interest Rate Reduction	2.61%	2.74%
Commercial
Financing Receivable, Modified [Line Items]
Total	$ 3,948	$ 3,278
As a % of Financing Receivables	0.67%	0.59%
Commercial | United States
Financing Receivable, Modified [Line Items]
Total	$ 1,528	$ 1,046
As a % of Financing Receivables	0.39%	0.29%
Commercial | Non United States
Financing Receivable, Modified [Line Items]
Total	$ 27	$ 160
As a % of Financing Receivables	0.02%	0.13%
Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Total	$ 3,142	$ 2,808
Commercial | Term Extension | United States
Financing Receivable, Modified [Line Items]
Total	1,266	1,016
Commercial | Term Extension | Non United States
Financing Receivable, Modified [Line Items]
Total	27	136
Commercial | Forbearances
Financing Receivable, Modified [Line Items]
Total	706	446
Commercial | Forbearances | United States
Financing Receivable, Modified [Line Items]
Total	262	30
Commercial | Forbearances | Non United States
Financing Receivable, Modified [Line Items]
Total	0	0
Commercial | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Total	100	24
Commercial | Interest Rate Reduction | United States
Financing Receivable, Modified [Line Items]
Total	0	0
Commercial | Interest Rate Reduction | Non United States
Financing Receivable, Modified [Line Items]
Total	0	24
Commercial | Commercial real estate
Financing Receivable, Modified [Line Items]
Total	$ 2,393	$ 2,072
As a % of Financing Receivables	3.64%	2.84%
Commercial | Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Total	$ 1,849	$ 1,656
Commercial | Commercial real estate | Forbearances
Financing Receivable, Modified [Line Items]
Total	444	416
Commercial | Commercial real estate | Interest Rate Reduction
Financing Receivable, Modified [Line Items]
Total	$ 100	$ 0

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	Dec. 31, 2024	Dec. 31, 2023
Consumer real estate
Financing Receivable, Modified [Line Items]
Total	$ 264	$ 671
Consumer real estate | Current
Financing Receivable, Modified [Line Items]
Total	151	392
Consumer real estate | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	56	106
Consumer real estate | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	57	173
Consumer real estate | Residential Mortgage
Financing Receivable, Modified [Line Items]
Total	232	583
Consumer real estate | Residential Mortgage | Current
Financing Receivable, Modified [Line Items]
Total	123	334
Consumer real estate | Residential Mortgage | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	54	101
Consumer real estate | Residential Mortgage | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	55	148
Consumer real estate | Home equity
Financing Receivable, Modified [Line Items]
Total	32	88
Consumer real estate | Home equity | Current
Financing Receivable, Modified [Line Items]
Total	28	58
Consumer real estate | Home equity | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	2	5
Consumer real estate | Home equity | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	2	25
Commercial
Financing Receivable, Modified [Line Items]
Total	3,948	3,278
Commercial | United States
Financing Receivable, Modified [Line Items]
Total	1,528	1,046
Commercial | Non United States
Financing Receivable, Modified [Line Items]
Total	27	160
Commercial | Current
Financing Receivable, Modified [Line Items]
Total	3,473	2,780
Commercial | Current | United States
Financing Receivable, Modified [Line Items]
Total	1,346	1,015
Commercial | Current | Non United States
Financing Receivable, Modified [Line Items]
Total	27	157
Commercial | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	160	128
Commercial | 30–89 Days Past Due | United States
Financing Receivable, Modified [Line Items]
Total	70	3
Commercial | 30–89 Days Past Due | Non United States
Financing Receivable, Modified [Line Items]
Total	0	3
Commercial | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	315	370
Commercial | 90+ Days Past Due | United States
Financing Receivable, Modified [Line Items]
Total	112	28
Commercial | 90+ Days Past Due | Non United States
Financing Receivable, Modified [Line Items]
Total	0	0
Commercial | Commercial real estate
Financing Receivable, Modified [Line Items]
Total	2,393	2,072
Commercial | Commercial real estate | Current
Financing Receivable, Modified [Line Items]
Total	2,100	1,608
Commercial | Commercial real estate | 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	90	122
Commercial | Commercial real estate | 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	$ 203	$ 342

Outstanding Loans and Leases_14

Outstanding Loans and Leases and Allowance for Credit Losses - Consumer Real Estate - TDRs Entered into During the Period (Details) - Consumer real estate $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Modified [Line Items]
Financing Receivable, Modifications, Post-Modification, Unpaid Principal Balance	$ 1,382
Carrying value	$ 1,206
Financing Receivable, Modifications, Pre-Modification Interest Rate	3.71%
Post-Modification Interest Rate	3.62%
Residential Mortgage
Financing Receivable, Modified [Line Items]
Financing Receivable, Modifications, Post-Modification, Unpaid Principal Balance	$ 1,144
Carrying value	$ 1,015
Financing Receivable, Modifications, Pre-Modification Interest Rate	3.52%
Post-Modification Interest Rate	3.40%
Home equity
Financing Receivable, Modified [Line Items]
Financing Receivable, Modifications, Post-Modification, Unpaid Principal Balance	$ 238
Carrying value	$ 191
Financing Receivable, Modifications, Pre-Modification Interest Rate	4.61%
Post-Modification Interest Rate	4.65%

Outstanding Loans and Leases_15

Outstanding Loans and Leases and Allowance for Credit Losses - Consumer Real Estate - Modification Programs (Details) - Consumer real estate $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified in Period, Amount	$ 1,206
Government Programs
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified in Period, Amount	2
Proprietary Programs
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified in Period, Amount	1,100
Loans discharged in Chapter 7 bankruptcy
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified in Period, Amount	14
Trial Modifications
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified in Period, Amount	$ 90

Outstanding Loans and Leases_16

Outstanding Loans and Leases and Allowance for Credit Losses - Consumer Real Estate - TDRs Entering Payment Default That Were Modified During the Preceding 12 Months (Details) - Consumer real estate $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Modified [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 216
Proprietary Programs
Financing Receivable, Modified [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	189
Loans discharged in Chapter 7 bankruptcy
Financing Receivable, Modified [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	2
Trial Modifications
Financing Receivable, Modified [Line Items]
Troubled debt restructurings entering payment default that were modified during the preceding twelve months	$ 25

Outstanding Loans and Leases_17

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Entered into During the Period (Details) - Credit card and other consumer $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Modified [Line Items]
Financing Receivable, Modifications, Post-Modification, Unpaid Principal Balance	$ 290
Carrying value	$ 298
Financing Receivable, Modifications, Pre-Modification Interest Rate	22.06%
Post-Modification Interest Rate	3.92%
Credit card
Financing Receivable, Modified [Line Items]
Financing Receivable, Modifications, Post-Modification, Unpaid Principal Balance	$ 284
Carrying value	$ 293
Financing Receivable, Modifications, Pre-Modification Interest Rate	22.34%
Post-Modification Interest Rate	3.89%
Direct/indirect consumer
Financing Receivable, Modified [Line Items]
Financing Receivable, Modifications, Post-Modification, Unpaid Principal Balance	$ 6
Carrying value	$ 5
Financing Receivable, Modifications, Pre-Modification Interest Rate	5.51%
Post-Modification Interest Rate	5.50%

Outstanding Loans and Leases_18

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Modified by Program Type (Details) - Credit card and other consumer $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Modified [Line Items]
Carrying value	$ 298
Internal programs
Financing Receivable, Modified [Line Items]
Carrying value	251
External programs
Financing Receivable, Modified [Line Items]
Carrying value	44
Other
Financing Receivable, Modified [Line Items]
Carrying value	$ 3

Outstanding Loans and Leases_19

Outstanding Loans and Leases and Allowance for Credit Losses - Credit Card and Other Consumer - TDRs Entered into During the Period, Narrative (Details)	12 Months Ended
	Dec. 31, 2024 payment
Credit card and other consumer
Financing Receivable, Modified [Line Items]
Number of consecutive missed payments	2

Outstanding Loans and Leases_20

Outstanding Loans and Leases and Allowance for Credit Losses - Commercial Loans, Loans Held-for-sale and Accrued Interest Receivable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 9,545,000,000	$ 6,002,000,000
Originations and purchases	36,198,000,000	15,621,000,000	$ 24,862,000,000
Net non-cash transfers into LHFS	0	632,000,000	1,900,000,000
Accrued interest receivable	$ 4,300,000,000	$ 4,500,000,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other Receivables	Other Receivables
Credit card lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest and fee income reversed	$ 856,000,000	$ 584,000,000
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value			1,900,000,000
Lending commitments			358,000,000
Commitments in payment default			105,000,000
Loans held for sale	9,500,000,000	6,000,000,000
Proceeds from sales and paydowns of loans originally classified as LHFS	32,300,000,000	16,300,000,000	32,000,000,000
Originations and purchases	$ 36,200,000,000	$ 15,600,000,000	$ 24,900,000,000

Outstanding Loans and Leases_21

Outstanding Loans and Leases and Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended			15 Months Ended
	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2026
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)			$ (215)
Allowance for credit losses			14,336	$ 14,551	$ 14,222
Loan and leases receivable, allowance, period decrease			102
Reserve for unfunded lending commitments, period decrease			113
Increase in provision for credit losses			1,400
Provision (benefit) for credit losses			5,821	4,394	2,543
Outstanding loans and leases, period increase, excluding loans accounted for under the fair value option			41,400
Scenario, Forecast
Financing Receivable, Allowance for Credit Loss [Line Items]
Unemployment rate, current economic outlook (just below)						5%
U.S. gross domestic product, current economic outlook	1.80%	1.40%
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)			(240)
Allowance for credit losses			5,709	5,949	6,891
Outstanding loans and leases, period increase, excluding loans accounted for under the fair value option			36,400
Consumer real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)			(118)
Allowance for credit losses			350	468	514
Credit card and other consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, period increase (decrease)			143
Allowance for credit losses			$ 8,277	$ 8,134	$ 6,817

Outstanding Loans and Leases_22

Outstanding Loans and Leases and Allowance for Credit Losses - Allowance by Portfolio Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance	$ 13,342	$ 12,682	$ 12,387
Loans and leases charged off	(7,054)	(4,817)	(3,439)
Recoveries of loans and leases previously charged off	1,023	1,018	1,267
Net charge-offs	(6,031)	(3,799)	(2,172)
Provision for loan and lease losses	5,935	4,725	2,460
Other	(6)	(23)	7
Allowance for loan and lease losses, ending balance	13,240	13,342	12,682
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	1,209	1,540	1,456
Provision for unfunded lending commitments	(114)	(331)	83
Other	1		1
Reserve for unfunded lending commitments, ending balance	1,096	1,209	1,540
Allowance for credit losses	14,336	14,551	14,222
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)
Allowance for loan and lease losses, ending balance			(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
Allowance for loan and lease losses, ending balance			12,439
Consumer real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance	386	420	557
Loans and leases charged off	(42)	(103)	(206)
Recoveries of loans and leases previously charged off	83	146	224
Net charge-offs	41	43	18
Provision for loan and lease losses	(135)	(19)	(164)
Other	1	9	9
Allowance for loan and lease losses, ending balance	293	386	420
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	82	94	96
Provision for unfunded lending commitments	(26)	(12)	(3)
Other	1		1
Reserve for unfunded lending commitments, ending balance	57	82	94
Allowance for credit losses	350	468	514
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)
Allowance for loan and lease losses, ending balance			(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
Allowance for loan and lease losses, ending balance			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	8,134	6,817	6,476
Loans and leases charged off	(5,077)	(3,870)	(2,755)
Recoveries of loans and leases previously charged off	798	737	882
Net charge-offs	(4,279)	(3,133)	(1,873)
Provision for loan and lease losses	4,421	4,558	2,215
Other	1	1	(1)
Allowance for loan and lease losses, ending balance	8,277	8,134	6,817
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	0	0	0
Provision for unfunded lending commitments	0	0	0
Other	0		0
Reserve for unfunded lending commitments, ending balance	0	0	0
Allowance for credit losses	8,277	8,134	6,817
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)
Allowance for loan and lease losses, ending balance			(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
Allowance for loan and lease losses, ending balance			6,708
Commercial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Allowance for loan and lease losses, beginning balance	4,822	5,445	5,354
Loans and leases charged off	(1,935)	(844)	(478)
Recoveries of loans and leases previously charged off	142	135	161
Net charge-offs	(1,793)	(709)	(317)
Provision for loan and lease losses	1,649	186	409
Other	(8)	(33)	(1)
Allowance for loan and lease losses, ending balance	4,670	4,822	5,445
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Reserve for unfunded lending commitments, beginning balance	1,127	1,446	1,360
Provision for unfunded lending commitments	(88)	(319)	86
Other	0		0
Reserve for unfunded lending commitments, ending balance	1,039	1,127	1,446
Allowance for credit losses	$ 5,709	5,949	6,891
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)
Allowance for loan and lease losses, ending balance			(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
Allowance for loan and lease losses, ending balance			$ 5,378

Securitizations and Other Var_3

Securitizations and Other Variable Interest Entities - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 1,000	$ 989

Securitizations and Other Var_4

Securitizations and Other Variable Interest Entities - First Lien Mortgage Securitizations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Residential Mortgage - Agency
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	$ 4,459	$ 4,513	$ 8,084
Gains (losses) on securitizations	(6)	(15)	8
Repurchases from securitization trusts	36	33	53
Gain (loss) on loans securitized	33	49	41
Deconsolidation of securitizations	1,100	685	784
Commercial
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Proceeds from loan sales	13,392	2,132	5,853
Gains (losses) on securitizations	164	44	46
Repurchases from securitization trusts	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	84,100	92,700
Servicing fees	231	248	$ 274
Transfers continuing involvement servicing fee advances	$ 1,000	$ 1,300

Securitizations and Other Var_5

Securitizations and Other Variable Interest Entities - Mortgage and Home Equity Securitizations (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
On-balance sheet assets
Trading account assets	$ 314,460	$ 277,354
Debt securities carried at fair value	358,607	276,852
Held-to-maturity securities	558,713	594,591
Loans and leases	1,095,835	1,053,732
Allowance for loan and lease losses	(13,240)	(13,342)	$ (12,682)	$ (12,387)
All other assets	162,056	160,875
Total assets	3,261,519	3,180,151
Total liabilities	2,965,960	2,888,505
Consolidated VIEs
On-balance sheet assets
Trading account assets	5,575	6,054
Loans and leases	19,144	18,276
Allowance for loan and lease losses	(919)	(826)
All other assets	319	269
Total assets	24,119	23,773
Total liabilities	11,807	11,432
Agency | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	7,353	8,190
On-balance sheet assets
All other assets	0	0
Total assets	7,353	8,190
Principal balance outstanding	69,018	76,134
Agency | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,132	1,164
On-balance sheet assets
Trading account assets	1,132	1,171
Loans and leases	0	0
Allowance for loan and lease losses	0	0
All other assets	0	0
Total assets	1,132	1,171
Total liabilities	0	7
Agency | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	126	235
Debt securities carried at fair value	2,222	2,541
Held-to-maturity securities	5,005	5,414
Residential Mortgage | Prime and Alt-A | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	84	92
On-balance sheet assets
All other assets	3	4
Total assets	13	17
Principal balance outstanding	12,590	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	301	657
On-balance sheet assets
All other assets	23	23
Total assets	451	384
Principal balance outstanding	4,180	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	12	20
Debt securities carried at fair value	416	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	187	252
Home Equity | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	10	12
On-balance sheet assets
Trading account assets	0	0
Loans and leases	22	31
Allowance for loan and lease losses	6	7
All other assets	1	1
Total assets	29	39
Total liabilities	19	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	25,613
Commercial Mortgage | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,640	1,558
On-balance sheet assets
All other assets	41	79
Total assets	1,541	1,436
Principal balance outstanding	90,222	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	328	70
Debt securities carried at fair value	0	0
Held-to-maturity securities	$ 1,172	$ 1,287

Securitizations and Other Var_6

Securitizations and Other Variable Interest Entities - Other Asset-backed Securitizations, Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Carrying value of receivables in trusts	$ 1,095,835	$ 1,053,732
Long-term debt	283,279	302,204
Total assets	$ 3,261,519	$ 3,180,151
Investment Proportional Amortization Method Elected Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	true	true
Investment Program Proportional Amortization Method Elected Income Tax Credit And Other Income Tax Benefit Before Amortization Statement Of Cash Flows Extensible Enumeration Not Disclosed Flag	true	true	true
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (loss)	Other income (loss)	Other income (loss)
Customer Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	$ 1,100	$ 952
Collateralized Debt Obligations
Variable Interest Entity [Line Items]
Maximum loss exposure	65	80
Investment Vehicles
Variable Interest Entity [Line Items]
Maximum loss exposure	2,500	2,600
Tax Credit Vehicles
Variable Interest Entity [Line Items]
Investments in affordable housing project investments	16,700	15,800
Unfunded commitments	$ 7,500	7,200
Unfunded commitment payment period	5 years
Tax credits and other benefits	$ 2,200	1,900	$ 1,500
Pretax losses	1,600	1,500	1,200
Renewable Energy Investments
Variable Interest Entity [Line Items]
Equity investments	13,000	14,200
Unfunded capital contributions	$ 4,600	6,200
Term of unfunded capital contributions (in years)	2 years
Tax credits and other tax benefits related to renewable energy investments	$ 3,900	4,000	2,900
Pretax losses in renewable energy investments	3,000	3,100	2,100
Consolidated VIEs
Variable Interest Entity [Line Items]
Carrying value of receivables in trusts	19,144	18,276
Long-term debt	8,457	8,456
Total assets	24,119	23,773
Consolidated VIEs | Investment Vehicles
Variable Interest Entity [Line Items]
Total assets	6	472
Consolidated VIEs | Leveraged Lease Trusts
Variable Interest Entity [Line Items]
Total assets	1,000	1,100
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	1,000	989
Unconsolidated VIEs | Investment Vehicles
Variable Interest Entity [Line Items]
Total assets	23,000	18,400
Unconsolidated VIEs | Tax Credit Vehicles
Variable Interest Entity [Line Items]
Total assets	85,700	84,100
Credit Card and Automobile | Consolidated VIEs
Variable Interest Entity [Line Items]
Carrying value of receivables in trusts	18,110	16,640
Long-term debt	7,975	7,825
Maximum loss exposure	9,385	8,127
Total assets	17,381	15,971
Credit Card and Automobile | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Carrying value of receivables in trusts	0	0
Maximum loss exposure	0	0
Total assets	0	0
Resecuritization Trusts
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	23,900	8,600	21,800
Securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	3,600	2,400	$ 2,400
Municipal Bonds | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 1,800	$ 1,700
Weighted average remaining life of bonds held in the trusts in years	11 years 1 month 6 days

Securitizations and Other Var_7

Securitizations and Other Variable Interest Entities - Other Asset-backed VIEs (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
On-balance sheet assets
Trading account assets	$ 314,460	$ 277,354
Debt securities carried at fair value	358,607	276,852
Held-to-maturity securities	558,713	594,591
Loans and leases	1,095,835	1,053,732
Allowance for loan and lease losses	(13,240)	(13,342)	$ (12,682)	$ (12,387)
Other assets	162,056	160,875
Total assets	3,261,519	3,180,151
On-balance sheet liabilities
Long-term debt	283,279	302,204
Total liabilities	2,965,960	2,888,505
Consolidated VIEs
On-balance sheet assets
Trading account assets	5,575	6,054
Loans and leases	19,144	18,276
Allowance for loan and lease losses	(919)	(826)
Other assets	319	269
Total assets	24,119	23,773
On-balance sheet liabilities
Long-term debt	8,457	8,456
All other liabilities	21	19
Total liabilities	11,807	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	9,385	8,127
On-balance sheet assets
Trading account assets	0	0
Debt securities carried at fair value	0	0
Loans and leases	18,110	16,640
Allowance for loan and lease losses	(924)	(832)
Other assets	195	163
Total assets	17,381	15,971
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	7,975	7,825
All other liabilities	21	19
Total liabilities	7,996	7,844
Residual interests	4,500	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	5,300	4,494
On-balance sheet assets
Loans and leases	0	0
Allowance for loan and lease losses	0	0
Other assets	868	711
Total retained positions	5,301	4,494
Total assets	24,216	15,862
Resecuritization Trusts and Customer VIEs | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	583	1,240
On-balance sheet assets
Trading account assets	1,002	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	1,041	1,836
On-balance sheet liabilities
Short-term borrowings	0	0
Long-term debt	458	596
All other liabilities	0	0
Total liabilities	458	596
Resecuritization Trusts and Customer VIEs | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	1,641	626
Debt securities carried at fair value	809	920
Held-to-maturity securities	1,983	2,237
Municipal Bond Trusts and CDOs | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,839	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	22	30
Total assets	6,474	9,279
Municipal Bond Trusts and CDOs | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	3,519	3,136
On-balance sheet assets
Trading account assets	3,436	3,084
Debt securities carried at fair value	83	52
Loans and leases	0	0
Allowance for loan and lease losses	0	0
Other assets	0	0
Total assets	3,519	3,136
On-balance sheet liabilities
Short-term borrowings	3,329	2,934
Long-term debt	0	0
All other liabilities	0	0
Total liabilities	3,329	2,934
Municipal Bond Trusts and CDOs | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	16	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	2,454	2,197
On-balance sheet assets
Loans and leases	70	90
Allowance for loan and lease losses	(2)	(12)
Other assets	1,522	1,168
Total retained positions	1,944	1,719
Total assets	22,965	18,398
Investment VIEs and Leveraged Lease Trusts | Consolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	1,012	1,596
On-balance sheet assets
Trading account assets	5	1
Debt securities carried at fair value	0	0
Loans and leases	1,012	1,605
Allowance for loan and lease losses	(1)	(1)
Other assets	1	15
Total assets	1,017	1,620
On-balance sheet liabilities
Short-term borrowings	0	23
Long-term debt	5	1
All other liabilities	0	0
Total liabilities	5	24
Investment VIEs and Leveraged Lease Trusts | Senior securities: | Unconsolidated VIEs
On-balance sheet assets
Trading account assets	354	469
Debt securities carried at fair value	0	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	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
On-balance sheet assets
All other assets	$ 162,056	$ 160,875
Total assets	3,261,519	3,180,151
On-balance sheet liabilities
Total liabilities	2,965,960	2,888,505
Tax Credit Vehicles | Unconsolidated VIEs
Variable Interest Entity [Line Items]
Maximum loss exposure	29,727	30,040
On-balance sheet assets
All other assets	29,727	30,040
Total assets	29,727	30,040
On-balance sheet liabilities
All other liabilities	7,599	7,254
Total liabilities	7,599	7,254
Other Variable Interest Entities
On-balance sheet liabilities
Total assets of VIEs	$ 85,654	$ 84,148

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net (excluding goodwill)	$ 2,000	$ 2,000
Amortization of intangibles	78	78	$ 78
Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net (excluding goodwill)	$ 1,600	$ 1,600

Leases - Lessor Arrangements (D

Leases - Lessor Arrangements (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Lease receivables	$ 18,559	$ 16,565
Unguaranteed residuals	2,543	2,485
Total net investment in sales-type and direct financing leases	21,102	19,050
Unguaranteed residual asset with third-party residual value insurance	$ 8,000	$ 6,800

Leases - Lease Income (Details)

Leases - Lease Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating Lease Income, Comprehensive Income, Extensible List Not Disclosed Flag	Operating leases	Operating leases	Operating leases
Sales-type and direct financing leases	$ 1,082	$ 788	$ 589
Operating leases	931	945	941
Total lease income	$ 2,013	$ 1,733	$ 1,530

Leases - Supplemental Informati

Leases - Supplemental Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Right-of-use assets	$ 8,527	$ 9,150
Lease liabilities	$ 9,135	$ 9,782
Weighted-average discount rate used to calculate present value of future minimum lease payments	3.93%	3.51%
Weighted-average lease term (in years)	8 years	8 years 2 months 12 days
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 603	$ 430
Operating cash flows from operating leases	1,972	1,975	$ 1,986
Lease Cost and Supplemental Information:
Operating lease cost	1,971	1,981	2,008
Variable lease cost	471	460	464
Total lease cost	$ 2,442	$ 2,441	$ 2,472

Leases - Maturity of Lessor and

Leases - Maturity of Lessor and Lessee Arrangements (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Operating Leases
2025	$ 586
2026	491
2027	416
2028	333
2029	230
Thereafter	335
Total undiscounted cash flows	2,391
Sales-type and Direct Financing Leases
2025	5,183
2026	5,645
2027	4,760
2028	1,967
2029	1,398
Thereafter	1,967
Total undiscounted cash flows	20,920
Less: Net present value adjustment	2,361
Total	18,559	$ 16,565
Lessor, Lease, Description [Line Items]
Lease receivables	18,559	16,565
Operating Leases
2025	1,770
2026	1,596
2027	1,409
2028	1,142
2029	832
Thereafter	3,500
Total undiscounted cash flows	10,249
Less: Net present value adjustment	1,114
Total	9,135	$ 9,782
Commitments under leases arrangements that have not yet commenced	845
Commercial
Sales-type and Direct Financing Leases
Total	12,200
Lessor, Lease, Description [Line Items]
Lease receivables	12,200
Consumer Portfolio Segment
Sales-type and Direct Financing Leases
Total	6,400
Lessor, Lease, Description [Line Items]
Lease receivables	$ 6,400

Deposits - Contractual Maturiti

Deposits - Contractual Maturities (Details) $ in Millions	Dec. 31, 2024 USD ($)
Deposit Liability [Line Items]
Due in 2025	$ 197,140
Due in 2026	11,511
Due in 2027	283
Due in 2028	121
Due in 2029	3,180
Thereafter	131
Total time deposits	212,366
U.S.
Deposit Liability [Line Items]
Due in 2025	187,249
Due in 2026	11,464
Due in 2027	275
Due in 2028	93
Due in 2029	80
Thereafter	123
Total time deposits	199,284
Non-U.S.
Deposit Liability [Line Items]
Due in 2025	9,891
Due in 2026	47
Due in 2027	8
Due in 2028	28
Due in 2029	3,100
Thereafter	8
Total time deposits	$ 13,082

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
United States
Deposit Liability [Line Items]
Time deposits that met or exceeded local jurisdictional limit	$ 138.1	$ 105
Non United States
Deposit Liability [Line Items]
Time deposits that met or exceeded local jurisdictional limit	$ 13	$ 12.6

Securities Financing Agreemen_3

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Securities Financing Agreements (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Securities borrowed or purchased under agreements to resell
Gross Assets/Liabilities	$ 758,071	$ 703,641
Amounts Offset	(483,362)	(423,017)
Net Balance Sheet Amount	274,709	280,624
Financial Instruments	(250,040)	(257,541)
Net Assets/Liabilities	24,669	23,083
Securities loaned or sold under agreements to repurchase
Gross Liabilities	815,120	706,904
Amounts Offset	(483,362)	(423,017)
Net Balance Sheet Amount	331,758	283,887
Financial Instruments	(317,974)	(272,285)
Net Liabilities	13,784	11,602
Other
Gross Liabilities	10,531	10,066
Amounts Offset	0	0
Net Balance Sheet Amount	10,531	10,066
Financial Instruments	(10,531)	(10,066)
Net Liabilities	0	0
Total Securities Financing Agreements Liability
Gross Liabilities	825,651	716,970
Amounts Offset	(483,362)	(423,017)
Net Balance Sheet Amount	342,289	293,953
Financial Instruments	(328,505)	(282,351)
Net Liabilities	13,784	11,602
Loans and leases repurchase activity	$ 12,300	$ 8,700

Securities Financing Agreemen_4

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Remaining Contractual Maturity (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) agreement	Dec. 31, 2023 USD ($) agreement
Remaining Contractual Maturity
Securities sold under agreements to repurchase	$ 716,229	$ 623,797
Securities loaned	98,891	83,107
Other	10,531	10,066
Total	$ 825,651	$ 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	$ 305,577	$ 234,974
Securities loaned	88,256	76,580
Other	10,531	10,066
Total	404,364	321,620
30 Days or Less
Remaining Contractual Maturity
Securities sold under agreements to repurchase	252,526	228,627
Securities loaned	364	139
Other	0	0
Total	252,890	228,766
After 30 Days Through 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	87,978	85,176
Securities loaned	842	618
Other	0	0
Total	88,820	85,794
Greater than 90 Days
Remaining Contractual Maturity
Securities sold under agreements to repurchase	70,148	75,020
Securities loaned	9,429	5,770
Other	0	0
Total	$ 79,577	$ 80,790

Securities Financing Agreemen_5

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Class of Collateral Pledged (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	$ 716,229	$ 623,797
Securities Loaned	98,891	83,107
Other	10,531	10,066
Total	825,651	716,970
U.S. government and agency securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	416,241	352,950
Securities Loaned	130	34
Other	10	38
Total	416,381	353,022
Corporate securities, trading loans and other
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	29,483	23,242
Securities Loaned	1,517	1,805
Other	3	661
Total	31,003	25,708
Equity securities
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	30,106	11,517
Securities Loaned	97,240	81,266
Other	10,518	9,367
Total	137,864	102,150
Non-U.S. sovereign debt
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	232,521	231,140
Securities Loaned	4	2
Other	0	0
Total	232,525	231,142
Mortgage trading loans and ABS
Class of Collateral Pledged
Securities Sold Under Agreements to Repurchase	7,878	4,948
Securities Loaned	0	0
Other	0	0
Total	$ 7,878	$ 4,948

Securities Financing Agreemen_6

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Short-term Borrowings (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash [Abstract]
FHLB advances	$ 12.7	$ 13.2
Commercial paper	$ 24.2	$ 13.1

Securities Financing Agreemen_7

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Collateral (Details) - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash [Abstract]
Securities held as collateral, fair value	$ 925.7	$ 911.3
Securities received as collateral, amount re-pledged and sold	$ 882.2	$ 870.9

Securities Financing Agreemen_8

Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash - Restricted Cash (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Securities Financing Agreements, Short-term Borrowings, Collateral and Restricted Cash [Abstract]
Restricted cash	$ 6.1	$ 5.6

Long-term Debt - Balances (Deta

Long-term Debt - Balances (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 283,279	$ 302,204
Financial Guarantee
Debt Instrument [Line Items]
Debt outstanding, unconditionally guaranteed	11,700	10,000
Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	226,675	249,541
Subsidiaries
Debt Instrument [Line Items]
Long-term debt	33,783	28,094
Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	22,821	24,569
Consolidated VIEs
Debt Instrument [Line Items]
Long-term debt	8,457	8,456
Consolidated VIEs | Credit Card Receivable and Automobile Securitizations
Debt Instrument [Line Items]
Long-term debt	8,000
Consolidated VIEs | Other Variable Interest Entities
Debt Instrument [Line Items]
Long-term debt	458
Senior notes: | Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	$ 180,339
Senior notes: | Bank of America Corporation | Fixed
Debt Instrument [Line Items]
Weighted-average Rate	3.45%
Long-term debt	$ 171,603	194,388
Senior notes: | Bank of America Corporation | Floating
Debt Instrument [Line Items]
Weighted-average Rate	4.71%
Long-term debt	$ 8,736	14,007
Senior notes: | Bank of America Corporation | Minimum | Fixed
Debt Instrument [Line Items]
Interest Rates	0.25%
Senior notes: | Bank of America Corporation | Minimum | Floating
Debt Instrument [Line Items]
Interest Rates	0.74%
Senior notes: | Bank of America Corporation | Maximum | Fixed
Debt Instrument [Line Items]
Interest Rates	8.05%
Senior notes: | Bank of America Corporation | Maximum | Floating
Debt Instrument [Line Items]
Interest Rates	9.62%
Senior notes: | Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	$ 11,462
Senior notes: | Subsidiaries | Bank of America, N.A. | Fixed
Debt Instrument [Line Items]
Weighted-average Rate	5.55%
Long-term debt	$ 5,611	5,076
Senior notes: | Subsidiaries | Bank of America, N.A. | Floating
Debt Instrument [Line Items]
Weighted-average Rate	4.99%
Long-term debt	$ 5,851	3,517
Senior notes: | Subsidiaries | Bank of America, N.A. | Minimum | Fixed
Debt Instrument [Line Items]
Interest Rates	5.27%
Senior notes: | Subsidiaries | Bank of America, N.A. | Minimum | Floating
Debt Instrument [Line Items]
Interest Rates	4.82%
Senior notes: | Subsidiaries | Bank of America, N.A. | Maximum | Fixed
Debt Instrument [Line Items]
Interest Rates	5.82%
Senior notes: | Subsidiaries | Bank of America, N.A. | Maximum | Floating
Debt Instrument [Line Items]
Interest Rates	5.59%
Senior structured notes | Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	$ 17,498	14,895
Subordinated notes: | Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	$ 28,088
Subordinated notes: | Bank of America Corporation | Fixed
Debt Instrument [Line Items]
Weighted-average Rate	5.12%
Long-term debt	$ 23,539	20,909
Subordinated notes: | Bank of America Corporation | Floating
Debt Instrument [Line Items]
Weighted-average Rate	3.44%
Long-term debt	$ 4,549	4,597
Subordinated notes: | Bank of America Corporation | Minimum | Fixed
Debt Instrument [Line Items]
Interest Rates	2.94%
Subordinated notes: | Bank of America Corporation | Minimum | Floating
Debt Instrument [Line Items]
Interest Rates	2.48%
Subordinated notes: | Bank of America Corporation | Maximum | Fixed
Debt Instrument [Line Items]
Interest Rates	8.13%
Subordinated notes: | Bank of America Corporation | Maximum | Floating
Debt Instrument [Line Items]
Interest Rates	5.41%
Subordinated notes: | Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	$ 1,401
Subordinated notes: | Subsidiaries | Bank of America, N.A. | Subordinated notes
Debt Instrument [Line Items]
Weighted-average Rate	6%
Interest Rates	6%
Long-term debt	$ 1,401	1,476
Junior subordinated notes: | Bank of America Corporation
Debt Instrument [Line Items]
Long-term debt	$ 750
Junior subordinated notes: | Bank of America Corporation | Fixed
Debt Instrument [Line Items]
Weighted-average Rate	6.71%
Long-term debt	$ 749	744
Junior subordinated notes: | Bank of America Corporation | Floating
Debt Instrument [Line Items]
Weighted-average Rate	5.65%
Interest Rates	5.65%
Long-term debt	$ 1	1
Junior subordinated notes: | Bank of America Corporation | Minimum | Fixed
Debt Instrument [Line Items]
Interest Rates	6.45%
Junior subordinated notes: | Bank of America Corporation | Maximum | Fixed
Debt Instrument [Line Items]
Interest Rates	8.05%
Advances from Federal Home Loan Banks: | Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	$ 1,415
Advances from Federal Home Loan Banks: | Subsidiaries | Bank of America, N.A. | Fixed
Debt Instrument [Line Items]
Weighted-average Rate	4.55%
Long-term debt	$ 1,015	5,826
Advances from Federal Home Loan Banks: | Subsidiaries | Bank of America, N.A. | Floating
Debt Instrument [Line Items]
Weighted-average Rate	4.64%
Long-term debt	$ 400	0
Advances from Federal Home Loan Banks: | Subsidiaries | Bank of America, N.A. | Minimum | Fixed
Debt Instrument [Line Items]
Interest Rates	0.01%
Advances from Federal Home Loan Banks: | Subsidiaries | Bank of America, N.A. | Minimum | Floating
Debt Instrument [Line Items]
Interest Rates	4.63%
Advances from Federal Home Loan Banks: | Subsidiaries | Bank of America, N.A. | Maximum | Fixed
Debt Instrument [Line Items]
Interest Rates	7.42%
Advances from Federal Home Loan Banks: | Subsidiaries | Bank of America, N.A. | Maximum | Floating
Debt Instrument [Line Items]
Interest Rates	4.64%
Securitizations and other BANA VIEs | Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	$ 8,048	7,892
Other | Subsidiaries
Debt Instrument [Line Items]
Long-term debt	0	59
Other | Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Long-term debt	495	782
Structured liabilities | Subsidiaries
Debt Instrument [Line Items]
Long-term debt	33,374	27,471
Nonbank VIEs | Subsidiaries
Debt Instrument [Line Items]
Long-term debt	$ 409	$ 564

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 56,683	$ 65,396	$ 65,910
Repayments of long-term debt, net of adjustments	66,600	42,700
Long-term debt	283,279	302,204
Bank of America Corporation
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	17,817	23,950	$ 44,123
Repayments of long-term debt, net of adjustments	36,400	25,300
Long-term debt	226,675	249,541
Subsidiaries
Debt Instrument [Line Items]
Repayments of long-term debt, net of adjustments	13,400	6,900
Long-term debt	33,783	28,094
Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Repayments of long-term debt, net of adjustments	16,800	10,500
Long-term debt	$ 22,821	$ 24,569
Long Term Debt, Excluding Senior Structured Notes
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	3.80%	3.70%
Fixed Rate Debt
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	3.71%	3.55%
Floating Rate Debt
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	4.45%	5.21%
Long-Term Debt Notes
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 54,800
Long-Term Debt Notes | Bank of America Corporation
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	17,800
Long-Term Debt Notes | Subsidiaries
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	21,400
Long-Term Debt Notes | Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	15,600
Long-Term Debt Notes
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		$ 62,000
Long-Term Debt Notes | Bank of America Corporation
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		24,000
Long-Term Debt Notes | Subsidiaries
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		12,900
Long-Term Debt Notes | Subsidiaries | Bank of America, N.A.
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		25,100
Foreign Currency - Dominated Debt
Debt Instrument [Line Items]
Long-term debt	$ 43,800	$ 49,800

Long-term Debt - Long-term Debt

Long-term Debt - Long-term Debt by Maturity (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	$ 25,667
2026	45,500
2027	30,496
2028	32,889
2029	23,447
Thereafter	125,280
Total	283,279	$ 302,204
Bank of America Corporation
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	10,128
2026	31,231
2027	24,837
2028	29,114
2029	19,899
Thereafter	111,466
Total	226,675	249,541
Bank of America Corporation | Senior notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	3,460
2026	24,830
2027	21,580
2028	27,741
2029	18,498
Thereafter	84,230
Total	180,339
Bank of America Corporation | Senior structured notes
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	1,503
2026	1,512
2027	990
2028	466
2029	1,401
Thereafter	11,626
Total	17,498	14,895
Bank of America Corporation | Subordinated notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	5,165
2026	4,889
2027	2,074
2028	907
2029	0
Thereafter	15,053
Total	28,088
Bank of America Corporation | Junior subordinated notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	0
2026	0
2027	193
2028	0
2029	0
Thereafter	557
Total	750
Subsidiaries
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	6,152
2026	5,779
2027	4,397
2028	1,898
2029	3,325
Thereafter	12,232
Total	33,783	28,094
Subsidiaries | Other
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	0
2026	0
2027	0
2028	0
2029	0
Thereafter	0
Total	0	59
Subsidiaries | Structured liabilities
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	6,152
2026	5,779
2027	4,397
2028	1,895
2029	3,309
Thereafter	11,842
Total	33,374	27,471
Subsidiaries | Non-core/non-bank VIEs
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	0
2026	0
2027	0
2028	3
2029	16
Thereafter	390
Total	409
Subsidiaries | Bank of America, N.A.
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	9,387
2026	8,490
2027	1,262
2028	1,877
2029	223
Thereafter	1,582
Total	22,821	24,569
Subsidiaries | Bank of America, N.A. | Senior notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	5,601
2026	5,240
2027	0
2028	621
2029	0
Thereafter	0
Total	11,462
Subsidiaries | Bank of America, N.A. | Subordinated notes:
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	0
2026	0
2027	0
2028	0
2029	0
Thereafter	1,401
Total	1,401
Subsidiaries | Bank of America, N.A. | Advances from Federal Home Loan Banks:
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	1,357
2026	8
2027	3
2028	8
2029	2
Thereafter	37
Total	1,415
Subsidiaries | Bank of America, N.A. | Securitizations and other BANA VIEs
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	2,249
2026	3,041
2027	1,249
2028	1,235
2029	132
Thereafter	142
Total	8,048	7,892
Subsidiaries | Bank of America, N.A. | Other
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	180
2026	201
2027	10
2028	13
2029	89
Thereafter	2
Total	$ 495	$ 782

Commitments and Contingencies -

Commitments and Contingencies - Credit Extension Commitments Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Legally binding unfunded commitments syndicated	$ 10,400	$ 10,300
Credit extension commitments, carrying value	1,100	1,200
Notional amount of credit extension commitments under fair value option	2,200	2,600
Unfunded loan commitments
Other Commitments [Line Items]
Fair value carrying amount, liabilities	$ 144	$ 67

Commitments and Contingencies_2

Commitments and Contingencies - Credit Extension Commitments (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Expire in One Year or Less	$ 609,089	$ 589,358
Expire After One Year Through Three Years	246,309	217,890
Expire After Three Years Through Five Years	203,074	207,940
Expire After Five Years	41,700	39,077
Total	1,100,172	1,054,265
Legally binding commitments
Other Commitments [Line Items]
Expire in One Year or Less	152,904	149,030
Expire After One Year Through Three Years	246,309	217,890
Expire After Three Years Through Five Years	203,074	207,940
Expire After Five Years	41,700	39,077
Total	643,987	613,937
Loan commitments
Other Commitments [Line Items]
Expire in One Year or Less	123,520	124,298
Expire After One Year Through Three Years	227,539	198,818
Expire After Three Years Through Five Years	191,469	193,878
Expire After Five Years	19,011	15,386
Total	561,539	532,380
Unfunded loan commitment, held as a security
Other Commitments [Line Items]
Total	4,400	3,100
Home equity lines of credit
Other Commitments [Line Items]
Expire in One Year or Less	3,518	2,775
Expire After One Year Through Three Years	10,570	9,182
Expire After Three Years Through Five Years	8,920	11,195
Expire After Five Years	21,272	21,975
Total	44,280	45,127
Standby letters of credit and financial guarantees
Other Commitments [Line Items]
Expire in One Year or Less	25,080	21,067
Expire After One Year Through Three Years	8,006	9,633
Expire After Three Years Through Five Years	2,589	2,693
Expire After Five Years	370	652
Total	36,045	34,045
Standby letters of credit and financial guarantees | Credit Card and Other Consumer
Other Commitments [Line Items]
Total	1,000	744
Standby letters of credit and financial guarantees | Investment grade
Other Commitments [Line Items]
Total	25,000	23,600
Standby letters of credit and financial guarantees | Non-investment grade
Other Commitments [Line Items]
Total	10,100	9,700
Letters of credit
Other Commitments [Line Items]
Expire in One Year or Less	781	873
Expire After One Year Through Three Years	142	207
Expire After Three Years Through Five Years	8	66
Expire After Five Years	19	29
Total	950	1,175
Other commitments
Other Commitments [Line Items]
Expire in One Year or Less	5	17
Expire After One Year Through Three Years	52	50
Expire After Three Years Through Five Years	88	108
Expire After Five Years	1,028	1,035
Total	1,173	1,210
Credit card lines
Other Commitments [Line Items]
Expire in One Year or Less	456,185	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	$ 456,185	$ 440,328

Commitments and Contingencies_3

Commitments and Contingencies - Other Commitments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 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	$ 109,800	117,000
Forward-Dated Repurchase and Securities Lending Agreements
Loss Contingencies [Line Items]
Other commitments	87,100	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	$ 787	477
Residential and Commercial Portfolio Segments | Loan Purchase Commitments | Residential and Commercial Financing Receivable
Loss Contingencies [Line Items]
Other commitments	242	822
Commercial | Loan Purchase Commitments
Loss Contingencies [Line Items]
Other commitments	$ 768	$ 420

Commitments and Contingencies_4

Commitments and Contingencies - Other Guarantees (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Subsidiary, ownership interest, percentage	100%
Notional amount of unresolved repurchase claims	$ 2,100	$ 5,400
New purchase claims	181
Claims resolved	3,500
Loss contingency accrual	1,700	2,100
Representations and Warranties Obligations and Corporate Guarantees
Loss Contingencies [Line Items]
Loss contingency accrual	184	604
Private Label Securitization Trustees
Loss Contingencies [Line Items]
Notional amount of unresolved repurchase claims	837	2,200
Merchant Processing Servicers, Sponsored Entities
Loss Contingencies [Line Items]
Transactions processed by sponsored entities	197,000
Life Insurance Book Value Protection
Loss Contingencies [Line Items]
Notional amount of derivatives	3,300	3,800
Maximum potential exposure	506	577
FICC Repo Program
Loss Contingencies [Line Items]
Maximum potential exposure	$ 191,900	$ 132,500

Commitments and Contingencies_5

Commitments and Contingencies - Other Contingencies (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Loss contingency accrual	$ 1.7	$ 2.1

Commitments and Contingencies_6

Commitments and Contingencies - Litigation and Regulatory Matters (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Litigation settlement expense	$ 266,000,000	$ 519,000,000	$ 1,200,000,000
Minimum
Loss Contingencies [Line Items]
Estimated range of possible loss	0
Maximum
Loss Contingencies [Line Items]
Estimated range of possible loss	$ 800,000,000

Commitments and Contingencies_7

Commitments and Contingencies - Deposit Insurance Assessment (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017 USD ($)
Bank of America, N.A. | FDIC Deposit Insurance Assessments | Insurance-related Assessments
Loss Contingencies [Line Items]
Loss contingency, damages sought	$ 1,120

Shareholders' Equity - Declared

Shareholders' Equity - Declared Quarterly Cash Dividends on Common Stock (Details) - $ / shares	3 Months Ended
	Mar. 31, 2025	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024
Dividends Payable [Line Items]
Dividends per share (in dollars per share)		$ 0.26	$ 0.26	$ 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) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Cash dividends paid per share of common stock (in dollars per share)	$ 1	$ 0.92	$ 0.86
Shares reserved for future issuance (in shares)	552
Common Stock
Class of Stock [Line Items]
Stock issued (in shares)	75
Shares paid for tax withholding for share based compensation (in shares)	28

Shareholders' Equity - Common_2

Shareholders' Equity - Common Stock Repurchases (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Purchase price of shares repurchased and retired	$ 13,104	$ 4,576	$ 5,073
Common Stock
Class of Stock [Line Items]
Common stock repurchased (in shares)	332	147	126
Common Stock | CCAR Capital Plan Repurchases
Class of Stock [Line Items]
Purchase price of shares repurchased and retired	$ 13,104	$ 4,576	$ 5,073

Shareholders' Equity - Preferre

Shareholders' Equity - Preferred Stock Narrative (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) director trading_day semi-annualPeriod consecutive_trading_day quarterlyPeriod $ / shares shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($)
Class of Stock [Line Items]
Preferred stock dividends | $	$ 1,613	$ 1,649	$ 1,596
Values of preferred stock redeemed | $	$ 5,300
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01
Preferred Stock Excluding Series B, F And G Preferred
Class of Stock [Line Items]
Number of semi-annual periods in arrears (or more) | semi-annualPeriod	3
Number of quarterly periods in arrears (or more) | quarterlyPeriod	6
Number of additional directors to be elected | director	2
Number of semi-annual periods for termination (at least) | semi-annualPeriod	2
Number of quarterly periods for termination | quarterlyPeriod	4
Series L Preferred Stock
Class of Stock [Line Items]
Per annum dividend rate	7.25%
Preferred stock to be convertible into common shares (in shares) | shares	20
Number of trading days | trading_day	20
Number of consecutive trading days | consecutive_trading_day	30
Threshold percentage of common stock closing price (exceeds)	130%

Shareholders' Equity - Prefer_2

Shareholders' Equity - Preferred Stock Summary (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Total Shares Outstanding (in shares)	3,877,917	4,088,099
Issuance costs and certain adjustments	$ (331)
Total Carrying Value	$ 23,159
Ownership percentage in depository shares for quarterly cash dividends	0.10%
Ownership percentage in depository shares for semi-annual cash dividends	4%
Series B Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	7%
Total Shares Outstanding (in shares)	7,065
Liquidation Preference per Share (in dollars per share)	$ 100
Carrying Value	$ 1
Dividend per Share (in dollars per share)	$ 7
Annual Dividend	$ 0
Series E Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)	12,317
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 308
Minimum interest rate per annum	4%
Dividend per Share (in dollars per share)	$ 1.50
Annual Dividend	$ 18
Series F Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)	1,409
Liquidation Preference per Share (in dollars per share)	$ 100,000
Carrying Value	$ 141
Dividend per Share (in dollars per share)	$ 6,010.54
Annual Dividend	$ 8
Series G Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)	4,925
Liquidation Preference per Share (in dollars per share)	$ 100,000
Carrying Value	$ 492
Dividend per Share (in dollars per share)	$ 6,010.54
Annual Dividend	$ 30
Series L Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	7.25%
Total Shares Outstanding (in shares)	3,080,182
Liquidation Preference per Share (in dollars per share)	$ 1,000
Carrying Value	$ 3,080
Dividend per Share (in dollars per share)	$ 72.50
Annual Dividend	$ 223
Series AA Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6.10%
Total Shares Outstanding (in shares)	76,000
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 1,900
Dividend per Share (in dollars per share)	$ 61
Annual Dividend	$ 116
Series DD Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6.30%
Total Shares Outstanding (in shares)	40,000
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 1,000
Dividend per Share (in dollars per share)	$ 63
Annual Dividend	$ 63
Series FF Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	5.875%
Total Shares Outstanding (in shares)	90,833
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 2,271
Dividend per Share (in dollars per share)	$ 58.75
Annual Dividend	$ 133
Series GG Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6%
Total Shares Outstanding (in shares)	54,000
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 1,350
Dividend per Share (in dollars per share)	$ 1.50
Annual Dividend	$ 81
Series HH Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	5.875%
Total Shares Outstanding (in shares)	34,049
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 851
Dividend per Share (in dollars per share)	$ 1.47
Annual Dividend	$ 50
Series KK Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	5.375%
Total Shares Outstanding (in shares)	55,273
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 1,382
Dividend per Share (in dollars per share)	$ 1.34
Annual Dividend	$ 74
Series LL Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	5%
Total Shares Outstanding (in shares)	52,045
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 1,301
Dividend per Share (in dollars per share)	$ 1.25
Annual Dividend	$ 65
Series MM Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.30%
Total Shares Outstanding (in shares)	30,753
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 769
Dividend per Share (in dollars per share)	$ 43
Annual Dividend	$ 33
Series NN Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.375%
Total Shares Outstanding (in shares)	42,993
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 1,075
Dividend per Share (in dollars per share)	$ 1.09
Annual Dividend	$ 47
Series PP Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.125%
Total Shares Outstanding (in shares)	36,500
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 912
Dividend per Share (in dollars per share)	$ 1.03
Annual Dividend	$ 38
Series QQ Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.25%
Total Shares Outstanding (in shares)	51,879
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 1,297
Dividend per Share (in dollars per share)	$ 1.06
Annual Dividend	$ 55
Series RR Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.375%
Total Shares Outstanding (in shares)	66,738
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 1,668
Dividend per Share (in dollars per share)	$ 43.75
Annual Dividend	$ 73
Series SS Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	4.75%
Total Shares Outstanding (in shares)	27,463
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 687
Dividend per Share (in dollars per share)	$ 1.19
Annual Dividend	$ 33
Series TT Preferred Stock
Class of Stock [Line Items]
Per Annum Dividend Rate	6.125%
Total Shares Outstanding (in shares)	80,000
Liquidation Preference per Share (in dollars per share)	$ 25,000
Carrying Value	$ 2,000
Dividend per Share (in dollars per share)	$ 61.25
Annual Dividend	$ 122
Series 1 - Series 5 Preferred Stock
Class of Stock [Line Items]
Ownership percentage in depository shares for quarterly cash dividends	0.08%
Series 1 Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)	3,185
Liquidation Preference per Share (in dollars per share)	$ 30,000
Carrying Value	$ 96
Minimum interest rate per annum	3%
Dividend per Share (in dollars per share)	$ 1.57
Annual Dividend	$ 6
Series 2 Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)	9,967
Liquidation Preference per Share (in dollars per share)	$ 30,000
Carrying Value	$ 299
Dividend per Share (in dollars per share)	$ 1.57
Annual Dividend	$ 19
Series 4 Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)	7,010
Liquidation Preference per Share (in dollars per share)	$ 30,000
Carrying Value	$ 210
Dividend per Share (in dollars per share)	$ 1.60
Annual Dividend	$ 13
Series 5 Preferred Stock
Class of Stock [Line Items]
Total Shares Outstanding (in shares)	13,331
Liquidation Preference per Share (in dollars per share)	$ 30,000
Carrying Value	$ 400
Dividend per Share (in dollars per share)	$ 1.54
Annual Dividend	$ 25
Series RR And TT Preferred Stock
Class of Stock [Line Items]
Ownership percentage in depository shares for quarterly cash dividends	4%
Term SOFR | Series E Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	0.61161%
Term SOFR | Series F Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	0.66161%
Term SOFR | Series G Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	0.66161%
Term SOFR | Series 1 Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	1.01161%
Term SOFR | Series 2 Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	0.91161%
Term SOFR | Series 4 Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	1.01161%
Term SOFR | Series 5 Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	0.76161%
Term SOFR | March 17, 2025 | Series AA Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	4.15961%
Term SOFR | March 10, 2026 | Series DD Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	4.81461%
Term SOFR | March 15, 2028 | Series FF Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	3.19261%
Term SOFR | January 28, 2025 | Series MM Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	2.92561%
US Treasury (UST) Interest Rate | January 27, 2027 | Series RR Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	2.76%
US Treasury (UST) Interest Rate | April 27, 2027 | Series TT Preferred Stock
Class of Stock [Line Items]
Minimum interest rate per annum	3.231%
Tenor Secured Overnight Financing Rate (SOFR)
Class of Stock [Line Items]
Basis spread adjustment	0.26161%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in Accumulated OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 291,646	$ 273,197	$ 270,066
Net change	2,503	3,368	(16,052)
Ending balance	295,559	291,646	273,197
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(17,788)	(21,156)	(5,104)
Ending balance	(15,285)	(17,788)	(21,156)
Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(2,410)	(2,983)	3,045
Net change	158	573	(6,028)
Ending balance	(2,252)	(2,410)	(2,983)
Debit Valuation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,567)	(881)	(1,636)
Net change	(127)	(686)	755
Ending balance	(1,694)	(1,567)	(881)
Derivatives
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(8,016)	(11,935)	(1,880)
Net change	2,428	3,919	(10,055)
Ending balance	(5,588)	(8,016)	(11,935)
Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(4,748)	(4,309)	(3,642)
Net change	131	(439)	(667)
Ending balance	(4,617)	(4,748)	(4,309)
Foreign Currency
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,047)	(1,048)	(991)
Net change	(87)	1	(57)
Ending balance	$ (1,134)	$ (1,047)	$ (1,048)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in OCI Components Pre- and After-tax (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
After- tax
Comprehensive income (loss)		$ 29,635	$ 29,883	$ 11,476
Total other comprehensive income (loss)
Pretax
Net change		4,020	4,260	(21,001)
Tax effect
Net change		(1,517)	(892)	4,949
After- tax
Comprehensive income (loss)		2,503	3,368	(16,052)
Debt Securities
Pretax
Net increase (decrease) in fair value		185	348	(7,995)
Net realized (gains) losses reclassified into earnings		29	405	(32)
Net change		214	753	(8,027)
Tax effect
Net increase (decrease) in fair value		(49)	(79)	1,991
Net realized (gains) losses reclassified into earnings		(7)	(101)	8
Net change		(56)	(180)	1,999
After- tax
Net increase (decrease) in fair value		136	269	(6,004)
Net realized (gains) losses reclassified into earnings		22	304	(24)
Comprehensive income (loss)		158	573	(6,028)
Debit Valuation Adjustments
Pretax
Net increase (decrease) in fair value		(180)	(917)	980
Net realized (gains) losses reclassified into earnings		12	11	16
Net change		(168)	(906)	996
Tax effect
Net increase (decrease) in fair value		45	223	(237)
Net realized (gains) losses reclassified into earnings		(4)	(3)	(4)
Net change		41	220	(241)
After- tax
Net increase (decrease) in fair value		(135)	(694)	743
Net realized (gains) losses reclassified into earnings		8	8	12
Comprehensive income (loss)		(127)	(686)	755
Derivatives
Pretax
Net increase (decrease) in fair value		433	2,064	(13,711)
Net realized (gains) losses reclassified into earnings		2,803	3,159	303
Net change		3,236	5,223	(13,408)
Tax effect
Net increase (decrease) in fair value		(107)	(514)	3,430
Net realized (gains) losses reclassified into earnings		(701)	(790)	(77)
Net change		(808)	(1,304)	3,353
After- tax
Net increase (decrease) in fair value		326	1,550	(10,281)
Net realized (gains) losses reclassified into earnings		2,102	2,369	226
Comprehensive income (loss)		2,428	3,919	(10,055)
Derivatives | Net interest income
Pretax
Net realized (gains) losses reclassified into earnings		2,692	1,153	332
Tax effect
Net realized (gains) losses reclassified into earnings		(674)	(288)	(84)
After- tax
Net realized (gains) losses reclassified into earnings		2,018	865	248
Derivatives | Market making and similar activities
Pretax
Net realized (gains) losses reclassified into earnings	$ 2,000	146	2,031	0
Tax effect
Net realized (gains) losses reclassified into earnings		(35)	(508)	0
After- tax
Net realized (gains) losses reclassified into earnings		111	1,523	0
Derivatives | Compensation and benefits expense
Pretax
Net realized (gains) losses reclassified into earnings		(35)	(25)	(29)
Tax effect
Net realized (gains) losses reclassified into earnings		8	6	7
After- tax
Net realized (gains) losses reclassified into earnings		(27)	(19)	(22)
Employee Benefit Plans
Pretax
Net increase (decrease) in fair value		29	(642)	(1,103)
Net realized (gains) losses reclassified into earnings		148	56	198
Net change		176	(585)	(894)
Settlements, curtailments and other		(1)	1	11
Tax effect
Net increase (decrease) in fair value		(8)	162	276
Net realized (gains) losses reclassified into earnings		(37)	(16)	(49)
Settlements, curtailments and other		0	0	0
Net change		(45)	146	227
After- tax
Net increase (decrease) in fair value		21	(480)	(827)
Net realized (gains) losses reclassified into earnings		111	40	149
Settlements, curtailments and other		(1)	1	11
Comprehensive income (loss)		131	(439)	(667)
Foreign Currency
Pretax
Net increase (decrease) in fair value		521	(177)	332
Net realized (gains) losses reclassified into earnings		41	(48)	0
Net change		562	(225)	332
Tax effect
Net increase (decrease) in fair value		(615)	192	(390)
Net realized (gains) losses reclassified into earnings		(34)	34	1
Net change		(649)	226	(389)
After- tax
Net increase (decrease) in fair value		(94)	15	(58)
Net realized (gains) losses reclassified into earnings		7	(14)	1
Comprehensive income (loss)		$ (87)	$ 1	$ (57)

Earnings Per Common Share - Bas

Earnings Per Common Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings per common share
Net income	$ 27,132	$ 26,515	$ 27,528
Preferred stock dividends	(1,629)	(1,649)	(1,513)
Net income applicable to common shareholders	$ 25,503	$ 24,866	$ 26,015
Average common shares issued and outstanding (in shares)	7,855.5	8,028.6	8,113.7
Earnings per common share (in dollars per share)	$ 3.25	$ 3.10	$ 3.21
Diluted earnings per common share
Net income applicable to common shareholders	$ 25,503	$ 24,866	$ 26,015
Average common shares issued and outstanding (in shares)	7,855.5	8,028.6	8,113.7
Dilutive potential common shares (in shares)	80.3	51.9	53.8
Total diluted average common shares issued and outstanding (in shares)	7,935.8	8,080.5	8,167.5
Diluted earnings per common share (in dollars per share)	$ 3.21	$ 3.08	$ 3.19

Earnings Per Common Share - Nar

Earnings Per Common Share - Narrative (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Series L Preferred Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive shares (in shares)	62	62	62

Regulatory Requirements and R_3

Regulatory Requirements and Restrictions - Schedule of Capital Under Basel 3 (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Regulatory Minimum
G-SIB surcharge	3%	2.50%
Capital conservation buffer	2.50%	2.50%
Bank of America Corporation
Regulatory Minimum
Common equity tier 1 capital ratio	0.107	0.095
Tier 1 capital ratio	0.122	0.110
Total capital ratio	0.142	0.130
Regulatory Minimum
Tier 1 leverage ratio	0.040	0.040
Supplementary leverage ratio	0.050	0.050
Subsidiaries | Bank of America, N.A.
Regulatory Minimum
Common equity tier 1 capital ratio	0.070	0.070
Tier 1 capital ratio	0.085	0.085
Total capital ratio	0.105	0.105
Regulatory Minimum
Tier 1 leverage ratio	0.050	0.050
Supplementary leverage ratio	0.060	0.060
Standardized Approach
Regulatory Minimum
Stress capital buffer	3.20%	2.50%
Standardized Approach | Bank of America Corporation
Risk-based capital metrics:
Common equity tier 1 capital	$ 201,083	$ 194,928
Tier 1 capital	223,458	223,323
Total capital	255,363	251,399
Risk-weighted assets	$ 1,696,000	$ 1,651,000
Common equity tier 1 capital ratio	0.119	0.118
Tier 1 capital ratio	0.132	0.135
Total capital ratio	0.151	0.152
Leverage-based metrics:
Adjusted quarterly average assets	$ 3,240,000	$ 3,135,000
Tier 1 leverage ratio	0.069	0.071
Standardized Approach | Subsidiaries | Bank of America, N.A.
Risk-based capital metrics:
Common equity tier 1 capital	$ 194,341	$ 187,621
Tier 1 capital	194,341	187,621
Total capital	209,256	201,932
Risk-weighted assets	$ 1,444,000	$ 1,395,000
Common equity tier 1 capital ratio	0.135	0.135
Tier 1 capital ratio	0.135	0.135
Total capital ratio	0.145	0.145
Leverage-based metrics:
Adjusted quarterly average assets	$ 2,546,000	$ 2,471,000
Tier 1 leverage ratio	0.076	0.076
Advanced Approaches | Bank of America Corporation
Risk-based capital metrics:
Common equity tier 1 capital	$ 201,083	$ 194,928
Tier 1 capital	223,458	223,323
Total capital	244,809	241,449
Risk-weighted assets	$ 1,490,000	$ 1,459,000
Common equity tier 1 capital ratio	0.135	0.134
Tier 1 capital ratio	0.150	0.153
Total capital ratio	0.164	0.166
Leverage-based metrics:
Adjusted quarterly average assets	$ 3,240,000	$ 3,135,000
Tier 1 leverage ratio	0.069	0.071
SLR leverage exposure	$ 3,818,000	$ 3,676,000
Supplementary leverage ratio	0.059	0.061
Advanced Approaches | Subsidiaries | Bank of America, N.A.
Risk-based capital metrics:
Common equity tier 1 capital	$ 194,341	$ 187,621
Tier 1 capital	194,341	187,621
Total capital	198,923	192,175
Risk-weighted assets	$ 1,151,000	$ 1,114,000
Common equity tier 1 capital ratio	0.169	0.168
Tier 1 capital ratio	0.169	0.168
Total capital ratio	0.173	0.172
Leverage-based metrics:
Adjusted quarterly average assets	$ 2,546,000	$ 2,471,000
Tier 1 leverage ratio	0.076	0.076
SLR leverage exposure	$ 3,015,000	$ 2,910,000
Supplementary leverage ratio	0.064	0.064

Regulatory Requirements and R_4

Regulatory Requirements and Restrictions - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Cash segregated under other regulations	$ 4,000	$ 3,600
Securities segregated under other regulations	18,300	18,000
Deposits with clearing organizations	$ 21,500	$ 23,700
Bank of America, N.A.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Preceding period of net profits for dividends	2 years
Cash dividends allowable to be declared and paid by consolidated subsidiaries to the parent company	$ 13,000
Bank of America, N.A.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Proceeds from dividends received	20,800
Subsidiaries, Bank of America California, N.A.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Proceeds from dividends received	$ 500

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Increase (decrease) from change in weighted average discount rates	$ (767,000,000)	$ 511,000,000
Increase (decrease) in level 3 plan assets	23,000,000	16,000,000	$ (222,000,000)
Fair value of plan assets	19,280,000,000	19,655,000,000
Increase (decrease) in level 3 plan assets due to unrealized gains (losses)	(5,000,000)	4,000,000	(8,000,000)
Increase (decrease) in level 3 plan assets due to purchases	28,000,000	12,000,000
Increase (decrease) in level 3 plan assets due to sales and settlements			(214,000,000)
Cost recognized	$ 1,300,000,000	$ 1,200,000,000	1,200,000,000
Number of common stock shares held in plan (in shares)	153	178
Dividend payments to the plan	$ 165,000,000	$ 166,000,000	153,000,000
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	460,000,000	437,000,000	421,000,000
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,795,000,000	4,027,000,000
Equity securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. | Other Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Company contributions	0	0
U.S. | Other Pension Plan | Nonqualified
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in next fiscal year	90,000,000
Fair value of plan assets	1,739,000,000	1,849,000,000	1,886,000,000
U.S. | Pension Plan | Qualified
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in next fiscal year	$ 0
Percentage of prior years market gains (losses) recognized at next measurement date	60%
Percentage of prior years market gains (losses) recognized equally over four year period	40%
Fair value of plan assets	$ 17,624,000,000	17,632,000,000	17,258,000,000
U.S. | Pension Plan | Qualified | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Amount of employer and related party securities included in plan assets	$ 386,000,000	$ 299,000,000
Actual plan asset allocations	2.19%	1.69%
U.S. | Postretirement Health and Life Plans
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in next fiscal year	$ 29,000,000
Percentage of unrecognized gain (loss) recognized during the period	50%
Health care cost trend rate assumed for next fiscal year	6.25%
Ultimate health care cost trend rate	5%
Fair value of plan assets	$ 88,000,000	$ 98,000,000	107,000,000
Non-U.S. | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions in next fiscal year	13,000,000
Fair value of plan assets	$ 1,580,000,000	$ 1,779,000,000	$ 1,728,000,000

Employee Benefit Plans - Pensio

Employee Benefit Plans - Pension and Postretirement Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Change in fair value of plan assets
Fair value, January 1	$ 19,655
Fair value, December 31	19,280	$ 19,655
U.S. | Postretirement Health and Life Plans
Change in fair value of plan assets
Fair value, January 1	98	107
Actual return on plan assets	4	5
Company contributions	16	43
Plan participant contributions	106	102
Settlements and curtailments	0	0
Benefits paid	(136)	(159)
Fair value, December 31	88	98	$ 107
Change in projected benefit obligation
Projected benefit obligation, January 1	672	700
Service cost	2	2	4
Interest cost	33	36	25
Plan participant contributions	106	102
Plan amendments	0	0
Settlements and curtailments	0	0
Actuarial loss (gain)	(37)	(9)
Benefits paid	(136)	(160)
Foreign currency exchange rate changes	0	1
Projected benefit obligation, December 31	640	672	700
Amounts recognized on Consolidated Balance Sheet
Other assets	0	0
Accrued expenses and other liabilities	(552)	(574)
Net amount recognized, December 31	(552)	(574)
Funded status, December 31
Projected benefit obligation	$ 640	$ 672	700
Weighted-average assumptions, December 31
Discount rate	5.78%	5.17%
U.S. | Qualified | Pension Plan
Change in fair value of plan assets
Fair value, January 1	$ 17,632	$ 17,258
Actual return on plan assets	984	1,436
Company contributions	0	0
Plan participant contributions	0	0
Settlements and curtailments	0	0
Benefits paid	(992)	(1,062)
Fair value, December 31	17,624	17,632	17,258
Change in projected benefit obligation
Projected benefit obligation, January 1	11,769	11,580
Service cost	0	0	0
Interest cost	587	616	438
Plan participant contributions	0	0
Plan amendments	0	0
Settlements and curtailments	0	0
Actuarial loss (gain)	(259)	635
Benefits paid	(992)	(1,062)
Projected benefit obligation, December 31	11,105	11,769	11,580
Amounts recognized on Consolidated Balance Sheet
Other assets	6,519	5,863
Accrued expenses and other liabilities	0	0
Net amount recognized, December 31	6,519	5,863
Funded status, December 31
Accumulated benefit obligation	11,105	11,769
Overfunded (unfunded) status of ABO	6,519	5,863
Provision for future salaries	0	0
Projected benefit obligation	$ 11,105	$ 11,769	11,580
Weighted-average assumptions, December 31
Discount rate	5.67%	5.13%
Interest-crediting rate	5.42%	5.43%
U.S. | Nonqualified | Other Pension Plan
Change in fair value of plan assets
Fair value, January 1	$ 1,849	$ 1,886
Actual return on plan assets	33	103
Company contributions	80	80
Plan participant contributions	0	0
Settlements and curtailments	0	0
Benefits paid	(223)	(220)
Fair value, December 31	1,739	1,849	1,886
Change in projected benefit obligation
Projected benefit obligation, January 1	2,092	2,109
Service cost	0	0	0
Interest cost	103	111	74
Plan participant contributions	0	0
Plan amendments	0	0
Settlements and curtailments	0	0
Actuarial loss (gain)	(6)	92
Benefits paid	(223)	(220)
Projected benefit obligation, December 31	1,966	2,092	2,109
Amounts recognized on Consolidated Balance Sheet
Other assets	431	452
Accrued expenses and other liabilities	(658)	(695)
Net amount recognized, December 31	(227)	(243)
Funded status, December 31
Accumulated benefit obligation	1,966	2,091
Overfunded (unfunded) status of ABO	(227)	(242)
Provision for future salaries	0	1
Projected benefit obligation	$ 1,966	$ 2,092	2,109
Weighted-average assumptions, December 31
Discount rate	5.61%	5.19%
Rate of compensation increase	4%	4%
Interest-crediting rate	4.73%	4.91%
Non-U.S. | Pension Plan
Change in fair value of plan assets
Fair value, January 1	$ 1,779	$ 1,728
Actual return on plan assets	(103)	17
Company contributions	24	28
Plan participant contributions	1	1
Settlements and curtailments	(1)	(12)
Benefits paid	(77)	(80)
Foreign currency exchange rate changes	(43)	97
Fair value, December 31	1,580	1,779	1,728
Change in projected benefit obligation
Projected benefit obligation, January 1	1,974	1,752
Service cost	31	27	29
Interest cost	86	80	53
Plan participant contributions	1	1
Plan amendments	(9)	4
Settlements and curtailments	(1)	(12)
Actuarial loss (gain)	(185)	121
Benefits paid	(77)	(80)
Foreign currency exchange rate changes	(51)	81
Projected benefit obligation, December 31	1,769	1,974	1,752
Amounts recognized on Consolidated Balance Sheet
Other assets	234	235
Accrued expenses and other liabilities	(423)	(430)
Net amount recognized, December 31	(189)	(195)
Funded status, December 31
Accumulated benefit obligation	1,696	1,903
Overfunded (unfunded) status of ABO	(116)	(124)
Provision for future salaries	73	71
Projected benefit obligation	$ 1,769	$ 1,974	$ 1,752
Weighted-average assumptions, December 31
Discount rate	5.15%	4.48%
Rate of compensation increase	4.35%	4.33%
Interest-crediting rate	2.08%	1.98%

Employee Benefit Plans - ABO an

Employee Benefit Plans - ABO and PBO in Excess of Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Plans with PBO and ABO in Excess of Plan Assets
Defined Benefit Plan, Tax Status [Extensible Enumeration]	Nonqualified	Nonqualified
Non-U.S. | Pension Plan
Plans with PBO and ABO in Excess of Plan Assets
PBO	$ 496	$ 499
ABO	433	445
Fair value of plan assets	75	75
U.S. | Other Pension Plan
Plans with PBO and ABO in Excess of Plan Assets
PBO	659	695
ABO	659	695
Fair value of plan assets	$ 0	$ 1

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
U.S. | Postretirement Health and Life Plans
Components of net periodic benefit cost (income)
Service cost	$ 2	$ 2	$ 4
Interest cost	33	36	25
Expected return on plan assets	(3)	(2)	(2)
Amortization of actuarial loss (gain) and prior service cost	(35)	(78)	(9)
Recognized loss (gain) due to settlements, curtailments, and other	0	0	0
Net periodic benefit cost (income)	$ (3)	$ (42)	$ 18
Weighted-average assumptions used to determine net cost for years ended December 31
Discount rate	5.17%	5.56%	2.85%
Expected return on plan assets	3.40%	2%	2%
U.S. | Qualified | Pension Plan
Components of net periodic benefit cost (income)
Service cost	$ 0	$ 0	$ 0
Interest cost	587	616	438
Expected return on plan assets	(1,206)	(1,191)	(1,204)
Amortization of actuarial loss (gain) and prior service cost	134	94	140
Recognized loss (gain) due to settlements, curtailments, and other	0	0	0
Net periodic benefit cost (income)	$ (485)	$ (481)	$ (626)
Weighted-average assumptions used to determine net cost for years ended December 31
Discount rate	5.13%	5.54%	2.86%
Expected return on plan assets	6.50%	6.50%	5.75%
U.S. | Nonqualified | Other Pension Plan
Components of net periodic benefit cost (income)
Service cost	$ 0	$ 0	$ 0
Interest cost	103	111	74
Expected return on plan assets	(90)	(97)	(59)
Amortization of actuarial loss (gain) and prior service cost	33	29	54
Recognized loss (gain) due to settlements, curtailments, and other	0	0	1
Net periodic benefit cost (income)	$ 46	$ 43	$ 70
Weighted-average assumptions used to determine net cost for years ended December 31
Discount rate	5.19%	5.58%	2.80%
Expected return on plan assets	4.73%	4.98%	2.38%
Rate of compensation increase	4%	4%	4%
Non-U.S. | Pension Plan
Components of net periodic benefit cost (income)
Service cost	$ 31	$ 27	$ 29
Interest cost	86	80	53
Expected return on plan assets	(89)	(72)	(59)
Amortization of actuarial loss (gain) and prior service cost	16	11	14
Recognized loss (gain) due to settlements, curtailments, and other	(1)	1	10
Net periodic benefit cost (income)	$ 43	$ 47	$ 47
Weighted-average assumptions used to determine net cost for years ended December 31
Discount rate	4.48%	4.59%	1.85%
Expected return on plan assets	5.18%	4.17%	2.17%
Rate of compensation increase	4.33%	4.25%	4.46%

Employee Benefit Plans - Pretax

Employee Benefit Plans - Pretax Amounts Included in Accumulated OCI (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	$ 6,111	$ 6,277
Prior service cost (credits)	36	46
Amounts recognized in accumulated OCI	6,147	6,323
U.S. | Postretirement Health and Life Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	(128)	(125)
Prior service cost (credits)	0	0
Amounts recognized in accumulated OCI	(128)	(125)
Non-U.S. | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	468	478
Prior service cost (credits)	36	46
Amounts recognized in accumulated OCI	504	524
Qualified | U.S. | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	4,901	5,072
Prior service cost (credits)	0	0
Amounts recognized in accumulated OCI	4,901	5,072
Nonqualified | U.S. | Other Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	870	852
Prior service cost (credits)	0	0
Amounts recognized in accumulated OCI	$ 870	$ 852

Employee Benefit Plans - Pret_2

Employee Benefit Plans - Pretax Amounts Recognized in OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	$ (19)	$ 638
Amortization of actuarial gain (loss) and prior service cost	(148)	(57)
Current year prior service cost (credit)	(9)	4
Amounts recognized in OCI	(176)	585
U.S. | Postretirement Health and Life Plans
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	(38)	(15)
Amortization of actuarial gain (loss) and prior service cost	35	78
Current year prior service cost (credit)	0	0
Amounts recognized in OCI	(3)	63
Non-U.S. | Pension Plan
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	5	177
Amortization of actuarial gain (loss) and prior service cost	(16)	(12)
Current year prior service cost (credit)	(9)	4
Amounts recognized in OCI	(20)	169
Qualified | U.S. | Pension Plan
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	(37)	391
Amortization of actuarial gain (loss) and prior service cost	(134)	(94)
Current year prior service cost (credit)	0	0
Amounts recognized in OCI	(171)	297
Nonqualified | U.S. | Other Pension Plan
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax [Abstract]
Current year actuarial loss (gain)	51	85
Amortization of actuarial gain (loss) and prior service cost	(33)	(29)
Current year prior service cost (credit)	0	0
Amounts recognized in OCI	$ 18	$ 56

Employee Benefit Plans - Target

Employee Benefit Plans - Target Allocation (Details)	Dec. 31, 2024
U.S. | Qualified | Minimum | Pension Plan | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	10%
U.S. | Qualified | Minimum | Pension Plan | Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	50%
U.S. | Qualified | Minimum | Pension Plan | Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. | Qualified | Minimum | Pension Plan | Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. | Qualified | Maximum | Pension Plan | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	40%
U.S. | Qualified | Maximum | Pension Plan | Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	85%
U.S. | Qualified | Maximum | Pension Plan | Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	10%
U.S. | Qualified | Maximum | Pension Plan | Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	10%
U.S. | Nonqualified | Minimum | Other Pension Plan | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. | Nonqualified | Minimum | Other Pension Plan | Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	95%
U.S. | Nonqualified | Minimum | Other Pension Plan | Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. | Nonqualified | Minimum | Other Pension Plan | Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
U.S. | Nonqualified | Maximum | Other Pension Plan | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	5%
U.S. | Nonqualified | Maximum | Other Pension Plan | Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	100%
U.S. | Nonqualified | Maximum | Other Pension Plan | Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	5%
U.S. | Nonqualified | Maximum | Other Pension Plan | Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	5%
Non-U.S. | Minimum | Pension Plan | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
Non-U.S. | Minimum | Pension Plan | Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	50%
Non-U.S. | Minimum | Pension Plan | Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	0%
Non-U.S. | Minimum | Pension Plan | Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	20%
Non-U.S. | Maximum | Pension Plan | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	10%
Non-U.S. | Maximum | Pension Plan | Debt securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	80%
Non-U.S. | Maximum | Pension Plan | Real estate
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	10%
Non-U.S. | Maximum | Pension Plan | Other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Target allocation, percentage	45%

Employee Benefit Plans - Fair V

Employee Benefit Plans - Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 19,280	$ 19,655
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	10,204	10,298
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	8,616	8,920
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	460	437	$ 421
Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,800	1,700
Money market and interest-bearing cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,103	1,013
Money market and interest-bearing cash | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,103	1,013
Money market and interest-bearing cash | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Money market and interest-bearing cash | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4,632	4,425
U.S. government and agency securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,875	3,692
U.S. government and agency securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	754	729
U.S. government and agency securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3	4
Corporate debt
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,931	3,343
Corporate debt | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporate debt | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,931	3,343
Corporate debt | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Non-U.S. debt securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,363	1,554
Non-U.S. debt securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	474	567
Non-U.S. debt securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	889	987
Non-U.S. debt securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Asset-backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,361	1,464
Asset-backed securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Asset-backed securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,361	1,464
Asset-backed securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Mutual and exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	920	953
Mutual and exchange-traded funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	920	953
Mutual and exchange-traded funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Mutual and exchange-traded funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Collective investment funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,670	2,350
Collective investment funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Collective investment funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,670	2,350
Collective investment funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common and preferred stocks
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,795	4,027
Common and preferred stocks | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,795	4,027
Common and preferred stocks | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common and preferred stocks | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate investment trusts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	36	45
Real estate investment trusts | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	36	45
Real estate investment trusts | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate investment trusts | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Participant loans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	6
Participant loans | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Participant loans | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Participant loans | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	6
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	463	475
Other | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	1
Other | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	11	47
Other | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	451	427
Insurance Annuity Contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	432	404
Other Various Investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 31	$ 71

Employee Benefit Plans - Projec

Employee Benefit Plans - Projected Benefit Payments (Details) $ in Millions	Dec. 31, 2024 USD ($)
U.S. | Postretirement Health and Life Plans
Projected Benefit Payments
2025	$ 65
2026	63
2027	61
2028	58
2029	56
2030-2034	246
U.S. | Qualified | Pension Plan
Projected Benefit Payments
2025	909
2026	936
2027	923
2028	913
2029	906
2030-2034	4,225
U.S. | Nonqualified | Other Pension Plan
Projected Benefit Payments
2025	233
2026	225
2027	218
2028	205
2029	194
2030-2034	816
Non-U.S. | Pension Plan
Projected Benefit Payments
2025	106
2026	111
2027	114
2028	120
2029	121
2030-2034	$ 632

Stock-based Compensation Plan_2

Stock-based Compensation Plans - Narrative (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 3,600	$ 3,100	$ 2,900
Tax benefit from compensation expense	872	733	697
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 4,300
Expected period of total unrecognized compensation cost	4 years
Total unrecognized compensation cost, period for recognition	2 years 4 months 24 days
Fair value of vested in period	$ 2,600	$ 2,600	$ 3,400
Bank Of America Corporation Equity Plan (BACEP)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	890
Bank Of America Corporation Equity Plan (BACEP) | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	121	115
Number of vesting installments	4 years	4 years
BACEP, Vesting In One-Fourth Increments | Restricted Stock Units (RSUs) | Year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25%	25%
BACEP, Vesting In One-Fourth Increments | Restricted Stock Units (RSUs) | Year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25%	25%
BACEP, Vesting In One-Fourth Increments | Restricted Stock Units (RSUs) | Year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25%	25%
BACEP, Vesting In One-Fourth Increments | Restricted Stock Units (RSUs) | Year 4
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	25%	25%
BACEP, Vesting In One-Fourth Increments | Restricted Stock Units (RSUs) | Share-based Payment Arrangement, Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	42	42

Stock-based Compensation Plan_3

Stock-based Compensation Plans - Restricted Stock Units (Details) - Stock-settled Restricted Stock and Restricted Stock Units	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Shares/Units
Outstanding at beginning of period (in shares) | shares	233,510,155
Granted (in shares) | shares	117,371,236
Vested (in shares) | shares	(75,327,933)
Canceled (in shares) | shares	(10,529,794)
Outstanding at end of period (in shares) | shares	265,023,664
Weighted-average Grant Date Fair Value
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 37.17
Granted (in dollars per share) | $ / shares	32.61
Vested (in dollars per share) | $ / shares	36.27
Canceled (in dollars per share) | $ / shares	36.54
Outstanding at end of period (in dollars per share) | $ / shares	$ 35.43

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current income tax expense
U.S. federal	$ 1,188	$ 1,361	$ 1,157
U.S. state and local	603	559	389
Non-U.S.	2,065	1,918	1,156
Total current expense	3,856	3,838	2,702
Deferred income tax expense
U.S. federal	(2,271)	(2,241)	110
U.S. state and local	138	(53)	254
Non-U.S.	399	283	375
Total deferred expense	(1,734)	(2,011)	739
Total income tax expense	$ 2,122	$ 1,827	$ 3,441

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) jurisdiction	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Income Tax Disclosure [Line Items]
Tax law changes, negative (positive) income tax adjustment	$ 0	$ (137,000,000)	$ 186,000,000
Unrecognized tax benefits that would impact effective rate	573,000,000	671,000,000	709,000,000
Decrease in unrecognized tax benefits, reasonably possible	217,000,000
Penalties and interest expense (benefit)	(9,000,000)	35,000,000	(50,000,000)
Penalties and interest accrued	$ 105,000,000	134,000,000
Number of jurisdictions for filing income tax returns (more than) | jurisdiction	100
Temporary differences with investments in Non-US subsidiaries	$ 5,000,000,000
Deferred tax liability, temporary differences with investments in Non-US subsidiaries	1,000,000,000
Accumulated Other Comprehensive Income (Loss)
Income Tax Disclosure [Line Items]
Other comprehensive income (loss), tax expense (benefit)	1,517,000,000	$ 892,000,000	$ (4,949,000,000)
Net operating losses – non-U.S.
Income Tax Disclosure [Line Items]
Valuation Allowance	41,000,000
United Kingdom | Net operating losses – non-U.S.
Income Tax Disclosure [Line Items]
Valuation Allowance	$ 0

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Amount
Expected U.S. federal income tax expense	$ 6,143	$ 5,952	$ 6,504
Increase (decrease) in taxes resulting from:
State tax expense, net of federal benefit	678	475	756
Affordable housing/energy/other credits	(5,100)	(4,920)	(3,698)
Tax-exempt income, including dividends	(416)	(373)	(273)
Tax law changes	0	(137)	186
Changes in prior-period UTBs, including interest	(99)	(26)	(273)
Rate differential on non-U.S. earnings	635	601	368
Nondeductible expenses	365	367	352
Other	(84)	(112)	(481)
Total income tax expense	$ 2,122	$ 1,827	$ 3,441
Percent
Expected U.S. federal income tax expense	21%	21%	21%
Increase (decrease) in taxes resulting from:
State tax expense, net of federal benefit	2.30%	1.70%	2.40%
Affordable housing/energy/other credits	(17.40%)	(17.40%)	(11.90%)
Tax-exempt income, including dividends	(1.40%)	(1.30%)	(0.90%)
Tax law changes	0%	(0.50%)	0.60%
Changes in prior-period UTBs, including interest	(0.30%)	(0.10%)	(0.90%)
Rate differential on non-U.S. earnings	2.20%	2.10%	1.20%
Nondeductible expenses	1.20%	1.30%	1.10%
Other	(0.30%)	(0.40%)	(1.50%)
Total income tax expense	7.30%	6.40%	11.10%

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of the Change in Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, January 1	$ 811	$ 1,056	$ 1,322
Increases related to positions taken during the current year	55	76	121
Increases related to positions taken during prior years	39	139	167
Decreases related to positions taken during prior years	(134)	(32)	(289)
Settlements	(62)	(380)	(99)
Expiration of statute of limitations	(25)	(48)	(166)
Balance, December 31	684	811	1,056
Changes in prior-period UTBs, including interest	$ (99)	$ (26)	$ (273)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets
Tax attribute carryforwards	$ 11,863	$ 11,084
Allowance for credit losses	3,463	3,518
Security, loan and debt valuations	2,680	3,991
Lease liability	2,169	2,328
Employee compensation and retirement benefits	1,760	1,698
Accrued expenses	1,379	1,640
Other	1,983	1,475
Gross deferred tax assets	25,297	25,734
Valuation allowance	(2,361)	(2,108)
Total deferred tax assets, net of valuation allowance	22,936	23,626
Deferred tax liabilities
Equipment lease financing	3,021	2,488
Right-of-use asset	2,025	2,180
Tax credit investments	1,921	1,884
Fixed assets	151	789
Other	1,769	1,913
Gross deferred tax liabilities	8,887	9,254
Net deferred tax assets	$ 14,049	$ 14,372

Income Taxes - Net Operating Lo

Income Taxes - Net Operating Loss and Tax Credit Carryforwards (Details)	12 Months Ended
	Dec. 31, 2024 USD ($)
Tax Credit Carryforward [Line Items]
Deferred Tax Asset, General business credits	$ 2,861,000,000
Valuation Allowance, General business credits	0
Net Deferred Tax Asset, General business credits	2,861,000,000
Net operating losses before benefit of federal deductions	664,000,000
Valuation allowance before considering benefit of federal deductions	459,000,000
Foreign tax credits
Tax Credit Carryforward [Line Items]
Deferred Tax Asset, Foreign tax credits	823,000,000
Valuation Allowance, Foreign tax credits	(823,000,000)
Net Deferred Tax Asset, Foreign tax credits	0
Net operating losses – non-U.S.
Tax Credit Carryforward [Line Items]
Deferred Tax Asset	135,000,000
Valuation Allowance	(41,000,000)
Net Deferred Tax Asset	94,000,000
Net operating losses – non-U.S. | United Kingdom
Tax Credit Carryforward [Line Items]
Deferred Tax Asset	7,519,000,000
Valuation Allowance	0
Net Deferred Tax Asset	7,519,000,000
Net operating losses – U.S. states
Tax Credit Carryforward [Line Items]
Deferred Tax Asset	525,000,000
Valuation Allowance	(363,000,000)
Net Deferred Tax Asset	$ 162,000,000

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell	$ 144,501	$ 133,053
Trading account assets	314,460	277,354
Derivative assets	308,100	290,300
Derivative assets	40,948	39,323
Total AFS debt securities	346,432	266,649
Other debt securities carried at fair value	12,175	10,203
Loans and leases	4,249	3,569
Loans held-for-sale	2,214	2,059
Other assets	13,176	11,861
Liabilities
Interest-bearing deposits in U.S. offices	310	284
Federal funds purchased and securities loaned or sold under agreements to repurchase	192,859	178,609
Derivative liabilities	305,700	301,200
Derivative liabilities	39,353	43,432
Short-term borrowings	6,245	4,690
Long-term debt	50,005	42,809
U.S. Treasury and government agencies
Assets
Total AFS debt securities	234,579	177,666
Agency
Assets
Total AFS debt securities	31,202	37,812
Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	19,318	2,544
Non-agency residential
Assets
Total AFS debt securities	285	382
Commercial
Assets
Total AFS debt securities	25,602	10,435
Other taxable securities
Assets
Total AFS debt securities	4,603	4,835
Tax-exempt securities
Assets
Total AFS debt securities	8,412	10,100
Recurring
Assets
Time deposits placed and other short-term investments	1,318	1,181
Netting adjustments	(377,377)	(303,287)
Federal funds sold and securities borrowed or purchased under agreements to resell	144,501	133,053
Trading account assets	314,460	277,354
Netting adjustments	(267,180)	(251,019)
Derivative assets	40,948	39,323
Total AFS debt securities	346,432	266,649
Other debt securities carried at fair value	12,175	10,203
Loans and leases	4,249	3,569
Loans held-for-sale	2,214	2,059
Other assets	13,176	11,861
Total assets	879,473	745,252
Netting adjustments	(644,557)	(554,306)
Liabilities
Interest-bearing deposits in U.S. offices	310	284
Federal funds purchased and securities loaned or sold under agreements to repurchase	192,859	178,609
Netting adjustments	(377,377)	(303,287)
Total trading account liabilities	92,543	95,530
Netting adjustments	(266,334)	(257,767)
Derivative liabilities	39,353	43,432
Short-term borrowings	6,245	4,690
Accrued expenses and other liabilities	13,199	11,473
Long-term debt	50,005	42,809
Total liabilities	394,514	376,827
Netting adjustments	(643,711)	(561,054)
Mortgage servicing rights	$ 972	$ 970
Level 3 recurring assets, as a percent of total assets	0.31%	0.29%
Level 3 recurring liabilities, as a percent of total liabilities	0.21%	0.23%
Recurring | U.S. Treasury and government agencies
Assets
Trading account assets	$ 70,522	$ 67,123
Liabilities
Total trading account liabilities	16,603	14,973
Recurring | Corporate securities, trading loans and other
Assets
Trading account assets	45,036	43,151
Liabilities
Total trading account liabilities	10,981	7,676
Recurring | Equity securities
Assets
Trading account assets	103,607	88,998
Liabilities
Total trading account liabilities	44,919	56,494
Recurring | Non-U.S. sovereign debt
Assets
Trading account assets	40,124	27,108
Liabilities
Total trading account liabilities	20,006	16,387
Recurring | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	43,855	38,804
Recurring | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	11,316	12,170
Recurring | U.S. Treasury and government agencies
Assets
Total AFS debt securities	234,579	177,666
Other debt securities carried at fair value	3,885	1,690
Recurring | Agency
Assets
Total AFS debt securities	31,202	37,812
Recurring | Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	19,318	2,544
Recurring | Non-agency residential
Assets
Total AFS debt securities	285	382
Other debt securities carried at fair value	250	280
Recurring | Commercial
Assets
Total AFS debt securities	25,602	10,435
Recurring | Non-U.S. securities
Assets
Total AFS debt securities	22,431	22,875
Recurring | Other taxable securities
Assets
Total AFS debt securities	4,603	4,835
Recurring | Tax-exempt securities
Assets
Total AFS debt securities	8,412	10,100
Recurring | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	8,040	8,233
Recurring | Mortgage trading loans and ABS
Liabilities
Total trading account liabilities	34
Recurring | Securities segregated for compliance or deposited with clearing organizations
Assets
Trading account assets	18,300	18,000
Recurring | Commodities Investment
Assets
Trading account assets	99	42
Recurring | Level 1
Assets
Time deposits placed and other short-term investments	1,318	1,181
Federal funds sold and securities borrowed or purchased under agreements to resell	0	0
Trading account assets	136,382	118,108
Derivative assets	14,626	14,676
Total AFS debt securities	233,746	177,857
Other debt securities carried at fair value	4,739	3,476
Loans and leases	0	0
Loans held-for-sale	0	0
Other assets	8,279	8,052
Total assets	399,090	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	59,201	76,070
Derivative liabilities	15,354	14,375
Short-term borrowings	0	0
Accrued expenses and other liabilities	9,113	8,969
Long-term debt	0	0
Total liabilities	83,668	99,414
Recurring | Level 1 | U.S. Treasury and government agencies
Assets
Trading account assets	66,582	65,160
Liabilities
Total trading account liabilities	16,408	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	66,783	47,431
Liabilities
Total trading account liabilities	40,066	51,772
Recurring | Level 1 | Non-U.S. sovereign debt
Assets
Trading account assets	3,017	5,517
Liabilities
Total trading account liabilities	2,727	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	233,671	176,764
Other debt securities carried at fair value	3,885	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	75	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	854	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	521,878	436,340
Trading account assets	174,568	155,757
Derivative assets	289,940	272,244
Total AFS debt securities	112,075	88,416
Other debt securities carried at fair value	7,287	6,658
Loans and leases	4,167	3,476
Loans held-for-sale	2,082	1,895
Other assets	2,928	2,152
Total assets	1,114,925	966,938
Liabilities
Interest-bearing deposits in U.S. offices	310	284
Federal funds purchased and securities loaned or sold under agreements to repurchase	570,236	481,896
Total trading account liabilities	33,222	19,409
Derivative liabilities	284,810	280,908
Short-term borrowings	6,245	4,680
Accrued expenses and other liabilities	3,997	2,483
Long-term debt	49,452	42,195
Total liabilities	948,272	831,855
Recurring | Level 2 | U.S. Treasury and government agencies
Assets
Trading account assets	3,940	1,963
Liabilities
Total trading account liabilities	195	65
Recurring | Level 2 | Corporate securities, trading loans and other
Assets
Trading account assets	43,222	41,462
Liabilities
Total trading account liabilities	10,871	7,637
Recurring | Level 2 | Equity securities
Assets
Trading account assets	36,450	41,380
Liabilities
Total trading account liabilities	4,843	4,710
Recurring | Level 2 | Non-U.S. sovereign debt
Assets
Trading account assets	36,763	21,195
Liabilities
Total trading account liabilities	17,279	6,997
Recurring | Level 2 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	43,850	38,802
Recurring | Level 2 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	10,343	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	31,202	37,812
Recurring | Level 2 | Agency-collateralized mortgage obligations
Assets
Total AFS debt securities	19,318	2,544
Recurring | Level 2 | Non-agency residential
Assets
Total AFS debt securities	38	109
Other debt securities carried at fair value	101	211
Recurring | Level 2 | Commercial
Assets
Total AFS debt securities	25,274	10,435
Recurring | Level 2 | Non-U.S. securities
Assets
Total AFS debt securities	22,320	21,679
Recurring | Level 2 | Other taxable securities
Assets
Total AFS debt securities	4,603	4,835
Recurring | Level 2 | Tax-exempt securities
Assets
Total AFS debt securities	8,412	10,100
Recurring | Level 2 | Non-U.S. and other securities
Assets
Other debt securities carried at fair value	7,186	6,447
Recurring | Level 2 | Mortgage trading loans and ABS
Liabilities
Total trading account liabilities	34
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	3,510	3,489
Derivative assets	3,562	3,422	$ 3,200
Total AFS debt securities	611	376
Other debt securities carried at fair value	149	69
Loans and leases	82	93
Loans held-for-sale	132	164
Other assets	1,969	1,657
Total assets	10,015	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	120	51
Derivative liabilities	5,523	5,916	$ 6,100
Short-term borrowings	0	10
Accrued expenses and other liabilities	89	21
Long-term debt	553	614
Total liabilities	6,285	6,612
Mortgage servicing rights	972	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	1,814	1,689
Liabilities
Total trading account liabilities	110	39
Recurring | Level 3 | Equity securities
Assets
Trading account assets	374	187
Liabilities
Total trading account liabilities	10	12
Recurring | Level 3 | Non-U.S. sovereign debt
Assets
Trading account assets	344	396
Liabilities
Total trading account liabilities	0	0
Recurring | Level 3 | U.S. government-sponsored agency guaranteed
Assets
Trading account assets	5	2
Recurring | Level 3 | Mortgage trading loans, ABS and other MBS
Assets
Trading account assets	973	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	247	273
Other debt securities carried at fair value	149	69
Recurring | Level 3 | Commercial
Assets
Total AFS debt securities	328	0
Recurring | Level 3 | Non-U.S. securities
Assets
Total AFS debt securities	36	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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ (104)	$ (324)	$ 28
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance, beginning	(2,494)	(2,893)	(2,662)
Total realized and unrealized gains (losses) included in Net Income	1,035	179	551
Gains (losses) in OCI	0	(375)	0
Purchases	1,104	1,318	319
Sales	(1,338)	(1,281)	(830)
Issuances	0	0	0
Settlements	(576)	(1,575)	294
Gross Transfers into Level 3	(696)	(8)	(180)
Gross Transfers out of Level 3	1,004	2,141	(385)
Balance, ending	(1,961)	(2,494)	(2,893)
Change in unrealized gains (losses) in net income related to financial instruments still held	$ (132)	$ (857)	$ 259
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (loss), Market making and similar activities	Other income (loss), Market making and similar activities	Other income (loss), Market making and similar activities
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (loss), Market making and similar activities	Other income (loss), Market making and similar activities	Other income (loss), Market making and similar activities
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments	Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments	Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments	Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments	Net change in debt securities, Net change in foreign currency translation adjustments, Net change in debit valuation adjustments
Gains (losses) in OCI	$ (104)	$ (324)	$ 28
Derivative assets	308,100	290,300
Derivative liabilities	305,700	301,200
Level 3 | Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Derivative assets	3,562	3,422	3,200
Derivative liabilities	5,523	5,916	6,100
Trading account liabilities – Equity securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(12)	0
Total realized and unrealized gains (losses) included in Net Income	9	1
Gains (losses) in OCI	0	0
Purchases	0	0
Sales	(4)	0
Issuances	0	0
Settlements	7	2
Gross Transfers into Level 3	(21)	(15)
Gross Transfers out of Level 3	11	0
Balance, ending	(10)	(12)	0
Change in unrealized gains (losses) in net income related to financial instruments still held	6	1
Trading account liabilities – Corporate securities and other
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(39)	(58)	(11)
Total realized and unrealized gains (losses) included in Net Income	(55)	(3)	5
Gains (losses) in OCI	0	0	0
Purchases	(7)	(3)	(4)
Sales	(15)	(1)	0
Issuances	(3)	(1)	0
Settlements	26	24	(2)
Gross Transfers into Level 3	(17)	(35)	(46)
Gross Transfers out of Level 3	0	38	0
Balance, ending	(110)	(39)	(58)
Change in unrealized gains (losses) in net income related to financial instruments still held	(69)	(9)	1
Short-term borrowings
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(10)	(14)	0
Total realized and unrealized gains (losses) included in Net Income	1	1	3
Gains (losses) in OCI	0	0	0
Purchases	0	0	0
Sales	0	(13)	(17)
Issuances	(9)	(8)	0
Settlements	18	24	0
Gross Transfers into Level 3	0	0	(3)
Gross Transfers out of Level 3	0	0	3
Balance, ending	0	(10)	(14)
Change in unrealized gains (losses) in net income related to financial instruments still held	0	(1)	2
Accrued expenses and other liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(21)	(32)	0
Total realized and unrealized gains (losses) included in Net Income	(234)	21	(23)
Gains (losses) in OCI	0	0	0
Purchases	165	(11)	(9)
Sales	0	0	0
Issuances	0	0	0
Settlements	1	0	0
Gross Transfers into Level 3	0	0	0
Gross Transfers out of Level 3	0	1	0
Balance, ending	(89)	(21)	(32)
Change in unrealized gains (losses) in net income related to financial instruments still held	(224)	4	(7)
Long-term debt
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	(614)	(862)	(1,075)
Total realized and unrealized gains (losses) included in Net Income	64	179	(197)
Gains (losses) in OCI	(25)	(26)	82
Purchases	0	(9)	0
Sales	0	50	14
Issuances	0	0	(1)
Settlements	23	47	57
Gross Transfers into Level 3	(1)	0	(24)
Gross Transfers out of Level 3	0	7	282
Balance, ending	(553)	(614)	(862)
Change in unrealized gains (losses) in net income related to financial instruments still held	65	183	(200)
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
Gains (losses) in OCI		0
Purchases		0
Sales		0
Issuances		0
Settlements		0
Gross Transfers into Level 3		7
Gross Transfers out of Level 3		(7)
Balance, ending		0	0
Change in unrealized gains (losses) in net income related to financial instruments still held		0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI		0
Total trading account assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	3,489	4,599	4,223
Total realized and unrealized gains (losses) included in Net Income	(15)	206	(250)
Gains (losses) in OCI	(63)	32	14
Purchases	1,885	819	1,897
Sales	(1,611)	(733)	(1,078)
Issuances	44	20	0
Settlements	(1,362)	(1,590)	(790)
Gross Transfers into Level 3	1,575	974	1,672
Gross Transfers out of Level 3	(432)	(838)	(1,089)
Balance, ending	3,510	3,489	4,599
Change in unrealized gains (losses) in net income related to financial instruments still held	140	44	(180)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(63)	32	14
Corporate securities, trading loans and other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,689	2,384	2,110
Total realized and unrealized gains (losses) included in Net Income	87	144	(52)
Gains (losses) in OCI	(6)	2	(2)
Purchases	1,128	453	1,069
Sales	(913)	(241)	(384)
Issuances	44	20	0
Settlements	(1,158)	(1,029)	(606)
Gross Transfers into Level 3	1,125	385	1,023
Gross Transfers out of Level 3	(182)	(429)	(774)
Balance, ending	1,814	1,689	2,384
Change in unrealized gains (losses) in net income related to financial instruments still held	324	50	(78)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(6)	2	(2)
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	187	145	190
Total realized and unrealized gains (losses) included in Net Income	50	44	(3)
Gains (losses) in OCI	0	0	0
Purchases	255	39	45
Sales	(65)	(52)	(25)
Issuances	0	0	0
Settlements	(62)	(61)	(4)
Gross Transfers into Level 3	62	153	38
Gross Transfers out of Level 3	(53)	(81)	(96)
Balance, ending	374	187	145
Change in unrealized gains (losses) in net income related to financial instruments still held	(12)	(5)	(6)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0
Non-U.S. sovereign debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	396	518	396
Total realized and unrealized gains (losses) included in Net Income	(1)	68	59
Gains (losses) in OCI	(57)	30	16
Purchases	82	64	54
Sales	(16)	(23)	(4)
Issuances	0	0	0
Settlements	(79)	(259)	(68)
Gross Transfers into Level 3	19	0	75
Gross Transfers out of Level 3	0	(2)	(10)
Balance, ending	344	396	518
Change in unrealized gains (losses) in net income related to financial instruments still held	0	70	56
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(57)	30	16
Mortgage trading loans, MBS and ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,217	1,552	1,527
Total realized and unrealized gains (losses) included in Net Income	(151)	(50)	(254)
Gains (losses) in OCI	0	0	0
Purchases	420	263	729
Sales	(617)	(417)	(665)
Issuances	0	0	0
Settlements	(63)	(241)	(112)
Gross Transfers into Level 3	369	436	536
Gross Transfers out of Level 3	(197)	(326)	(209)
Balance, ending	978	1,217	1,552
Change in unrealized gains (losses) in net income related to financial instruments still held	(172)	(71)	(152)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0
Total AFS debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	376	504	439
Total realized and unrealized gains (losses) included in Net Income	(1)	12	10
Gains (losses) in OCI	58	30	(44)
Purchases	338	0	126
Sales	0	0	(8)
Issuances	0	0	0
Settlements	(221)	(167)	(100)
Gross Transfers into Level 3	198	4	385
Gross Transfers out of Level 3	(137)	(7)	(304)
Balance, ending	611	376	504
Change in unrealized gains (losses) in net income related to financial instruments still held	(1)	4	1
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	58	30	(44)
Non-agency residential MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	273	258	316
Total realized and unrealized gains (losses) included in Net Income	8	1	0
Gains (losses) in OCI	57	23	(35)
Purchases	0	0	0
Sales	0	0	(8)
Issuances	0	0	0
Settlements	(152)	(9)	(75)
Gross Transfers into Level 3	191	0	73
Gross Transfers out of Level 3	(130)	0	(13)
Balance, ending	247	273	258
Change in unrealized gains (losses) in net income related to financial instruments still held	6	2	0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	57	23	(35)
Commercial MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	0
Total realized and unrealized gains (losses) included in Net Income	(8)
Gains (losses) in OCI	1
Purchases	338
Sales	0
Issuances	0
Settlements	(3)
Gross Transfers into Level 3	0
Gross Transfers out of Level 3	0
Balance, ending	328	0
Change in unrealized gains (losses) in net income related to financial instruments still held	(8)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	1
Non-U.S. and other taxable securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	103	195	71
Total realized and unrealized gains (losses) included in Net Income	(1)	10	10
Gains (losses) in OCI	0	7	(10)
Purchases	0	0	126
Sales	0	0	0
Issuances	0	0	0
Settlements	(66)	(106)	(22)
Gross Transfers into Level 3	7	4	311
Gross Transfers out of Level 3	(7)	(7)	(291)
Balance, ending	36	103	195
Change in unrealized gains (losses) in net income related to financial instruments still held	1	2	1
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	7	(10)
Tax-exempt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	0	51	52
Total realized and unrealized gains (losses) included in Net Income		1	0
Gains (losses) in OCI		0	1
Purchases		0	0
Sales		0	0
Issuances		0	0
Settlements		(52)	(3)
Gross Transfers into Level 3		0	1
Gross Transfers out of Level 3		0	0
Balance, ending		0	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	1
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	69	119	242
Total realized and unrealized gains (losses) included in Net Income	5	(4)	(19)
Gains (losses) in OCI	0	0	0
Purchases	0	0	0
Sales	0	(19)	0
Issuances	0	0	0
Settlements	(27)	(6)	(111)
Gross Transfers into Level 3	118	0	30
Gross Transfers out of Level 3	(16)	(21)	(23)
Balance, ending	149	69	119
Change in unrealized gains (losses) in net income related to financial instruments still held	(1)	(3)	14
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0
Loans and leases
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	93	253	748
Total realized and unrealized gains (losses) included in Net Income	1	(9)	(45)
Gains (losses) in OCI	0	0	0
Purchases	0	9	0
Sales	0	(54)	(154)
Issuances	1	0	82
Settlements	(13)	(100)	(129)
Gross Transfers into Level 3	0	16	0
Gross Transfers out of Level 3	0	(22)	(249)
Balance, ending	82	93	253
Change in unrealized gains (losses) in net income related to financial instruments still held	0	(13)	(21)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	0	0	0
Loans held-for-sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	164	232	317
Total realized and unrealized gains (losses) included in Net Income	(6)	24	9
Gains (losses) in OCI	(7)	3	4
Purchases	25	0	171
Sales	0	(25)	(6)
Issuances	1	0	0
Settlements	(45)	(70)	(271)
Gross Transfers into Level 3	0	0	8
Gross Transfers out of Level 3	0	0	0
Balance, ending	132	164	232
Change in unrealized gains (losses) in net income related to financial instruments still held	(15)	13	19
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	(7)	3	4
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,657	1,799	1,572
Total realized and unrealized gains (losses) included in Net Income	279	211	305
Gains (losses) in OCI	(52)	10	(21)
Purchases	272	176	39
Sales	(6)	(326)	(35)
Issuances	139	104	208
Settlements	(321)	(319)	(271)
Gross Transfers into Level 3	1	2	5
Gross Transfers out of Level 3	0	0	(3)
Balance, ending	1,969	1,657	1,799
Change in unrealized gains (losses) in net income related to financial instruments still held	47	74	213
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gains (losses) in OCI	$ (52)	$ 10	$ (21)

Fair Value Measurements - Rec_2

Fair Value Measurements - Recurring Fair Value Inputs (Details) $ in Millions	12 Months Ended
	Dec. 31, 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	$ 13,176	$ 11,861
Long-term debt	(50,005)	(42,809)
Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	13,176	11,861
MSRs	972	970
Long-term debt	(50,005)	(42,809)
Recurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	636	538
Instruments backed by commercial real estate assets	555	363
Commercial loans, debt securities and other	2,919	3,103
Other assets, primarily auction rate securities	1,969	1,657
MSRs	972	970
Long-term debt	(553)	(614)
Net derivative asset (liability)	$ (1,961)	$ (2,494)
Recurring | Level 3 | Yield | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets	0.01
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	0.04	0.05
Long-term debt	0.18
Recurring | Level 3 | Yield | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets		0
Recurring | Level 3 | Yield | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.20	0.22
Commercial loans, debt securities and other	0.37	0.59
Long-term debt	0.22
Recurring | Level 3 | Yield | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets		0.25
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	0.17	0.13
Long-term debt	0.21
Recurring | Level 3 | Yield | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets		0.12
Recurring | Level 3 | Prepayment speed | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Commercial loans, debt securities and other	0.20
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
Recurring | Level 3 | Prepayment speed | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.43	0.42
Commercial loans, debt securities and other		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	0.08	0.10
Commercial loans, debt securities and other		0.16
Recurring | Level 3 | Default rate | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Commercial loans, debt securities and other	0.02
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
Recurring | Level 3 | Default rate | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.06	0.03
Commercial loans, debt securities and other		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	0.06	0.01
Commercial loans, debt securities and other		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
Long-term debt | $ / security	32
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		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	135	157
Other assets, primarily auction rate securities | $ / security	95	95
Long-term debt | $ / security	100
Recurring | Level 3 | Price | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	103	100
Recurring | Level 3 | Price | Maximum | Discounted cash flow, Market comparables, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Long-term debt | $ / security		100
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets | $ / security	74	70
Commercial loans, debt securities and other | $ / security	69	70
Other assets, primarily auction rate securities | $ / security	86	85
Long-term debt | $ / security	91
Recurring | Level 3 | Price | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Instruments backed by commercial real estate assets | $ / security	84	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
Recurring | Level 3 | Loss severity | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Commercial loans, debt securities and other	0.30
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
Recurring | Level 3 | Loss severity | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Instruments backed by residential real estate assets	0.76	1
Commercial loans, debt securities and other		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	0.24	0.27
Commercial loans, debt securities and other		0.37
Recurring | Level 3 | Discount rate | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Other assets, primarily auction rate securities		0.10
Recurring | Level 3 | Discount rate | Minimum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Other assets, primarily auction rate securities	0.08
Recurring | Level 3 | Discount rate | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Other assets, primarily auction rate securities	0.11
Recurring | Level 3 | Discount rate | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Other assets, primarily auction rate securities	0.09
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	13 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	12 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
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	2
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
Recurring | Level 3 | Natural gas forward price | Maximum | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	7
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		7
Recurring | Level 3 | Natural gas forward price | Weighted Average | Discounted cash flow, Market comparables
Fair Value Inputs [Abstract]
Long-term debt | $ / MMBTU	4
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
Recurring | Level 3 | Credit derivatives
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (6)	$ 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	99	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	94	87
Recurring | Level 3 | Credit derivatives | Credit spreads | Minimum | Discounted cash flow, Stochastic recovery correlation model
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	0.0003	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)	0.0298	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)	0.0063	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)	0.29	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)	0.63	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)	0.49	0.58
Recurring | Level 3 | Equity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (869)	$ (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)	0.59	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)	0.87	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)	0.33	0.34
Recurring | Level 3 | Commodity contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (740)	$ (633)
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / MMBTU	2
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
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / MMBTU	7
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		7
Recurring | Level 3 | Commodity contracts | Natural gas forward price | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Net derivative assets (liabilities) | $ / MMBTU	4
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
Recurring | Level 3 | Commodity contracts | Power forward price | Minimum | Discounted cash flow
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	22
Recurring | Level 3 | Commodity contracts | Power forward price | Minimum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		21
Recurring | Level 3 | Commodity contracts | Power forward price | Maximum | Discounted cash flow
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	104
Recurring | Level 3 | Commodity contracts | Power forward price | Maximum | Discounted cash flow, Industry standard derivative pricing
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)		91
Recurring | Level 3 | Commodity contracts | Power forward price | Weighted Average | Discounted cash flow
Fair Value Inputs [Abstract]
Net derivative assets (liabilities)	48
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)		42
Recurring | Level 3 | Interest rate contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net derivative asset (liability)	$ (346)	$ (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)	0.27	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)	0.21	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)	0.03	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)	0.03	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)	0.01	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	$ 163	$ 109
Instruments backed by commercial real estate assets	42	62
Commercial loans, debt securities and other	773	1,046
Fair Value Inputs [Abstract]
Loans and securities, fair value	978	1,200
Recurring | Level 3 | Loans and leases
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Instruments backed by residential real estate assets	77	87
Commercial loans, debt securities and other	5	6
Fair Value Inputs [Abstract]
Loans and securities, fair value	82	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	247	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	149	69
Fair Value Inputs [Abstract]
Loans and securities, fair value	149	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	185	301
Commercial loans, debt securities and other	1,629	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	328
Recurring | Level 3 | Loans held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	132	164
Fair Value Inputs [Abstract]
Loans and securities, fair value	132	164
Recurring | Level 3 | Non-U.S. sovereign debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Commercial loans, debt securities and other	344	396
Fair Value Inputs [Abstract]
Loans and securities, fair value	344	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	36	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	997	687
Recurring | Level 3 | AFS debt securities
Fair Value Inputs [Abstract]
Loans and securities, fair value	611	376
Recurring | Level 3 | Other Assets
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets, primarily auction rate securities	$ 2,000	$ 1,700

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 2,214	$ 2,059
Loans and leases	4,249	3,569
Other assets	13,176	11,861
Nonrecurring
Gains (Losses)
Loans held-for-sale	(211)	(246)	$ (387)
Loans and leases	(29)	(45)	(48)
Foreclosed properties	(44)	(6)	(6)
Other assets	(27)	(252)	(91)
Loss on loans and leases written down to zero	8	10	$ 15
Nonrecurring | Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	16	31
Nonrecurring | Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	63	77
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	2	31
Nonrecurring | Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	2,652	2,793
Loans and leases	119	153
Foreclosed properties	93	48
Other assets	$ 236	$ 898

Fair Value Measurements - Non_2

Fair Value Measurements - Nonrecurring Fair Value Inputs (Details) $ in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	$ 2,214	$ 2,059
Loans and leases, measured at fair value	4,249	3,569
Other assets	13,176	11,861
Nonrecurring | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	2,652	2,793
Loans and leases, measured at fair value	119	153
Other assets	236	898
Nonrecurring | Level 3 | Pricing model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measured at fair value	2,652	2,793
Nonrecurring | Level 3 | Market comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans and leases, measured at fair value	119	153
Nonrecurring | Level 3 | Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other assets	$ 236	$ 898
Implied yield | Nonrecurring | Level 3 | Pricing model | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.09	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	0.28	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	Dec. 31, 2024	Dec. 31, 2023
Federal funds sold and securities borrowed or purchased under agreements to resell
Fair Value Carrying Amount
Assets	$ 144,501	$ 133,053
Contractual Principal Outstanding
Assets	144,449	133,001
Fair Value Carrying Amount Less Unpaid Principal
Assets	52	52
Loans reported as trading account assets
Fair Value Carrying Amount
Assets	11,615	8,377
Contractual Principal Outstanding
Assets	24,461	15,580
Fair Value Carrying Amount Less Unpaid Principal
Assets	(12,846)	(7,203)
Trading inventory – other
Fair Value Carrying Amount
Assets	15,369	25,282
Consumer and commercial loans
Fair Value Carrying Amount
Assets	4,249	3,569
Contractual Principal Outstanding
Assets	4,292	3,618
Fair Value Carrying Amount Less Unpaid Principal
Assets	(43)	(49)
Loans held-for-sale
Fair Value Carrying Amount
Assets	2,214	2,059
Contractual Principal Outstanding
Assets	2,824	2,873
Fair Value Carrying Amount Less Unpaid Principal
Assets	(610)	(814)
Other assets
Fair Value Carrying Amount
Assets	2,732	1,986
Long-term deposits
Fair Value Carrying Amount
Liabilities	310	284
Contractual Principal Outstanding
Liabilities	386	267
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(76)	17
Federal funds purchased and securities loaned or sold under agreements to repurchase
Fair Value Carrying Amount
Liabilities	192,859	178,609
Contractual Principal Outstanding
Liabilities	192,877	178,634
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(18)	(25)
Short-term borrowings
Fair Value Carrying Amount
Liabilities	6,245	4,690
Contractual Principal Outstanding
Liabilities	6,247	4,694
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	(2)	(4)
Unfunded loan commitments
Fair Value Carrying Amount
Liabilities	144	67
Accrued expenses and other liabilities
Fair Value Carrying Amount
Liabilities	2,642	1,341
Contractual Principal Outstanding
Liabilities	2,414	1,347
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	228	(6)
Long-term debt
Fair Value Carrying Amount
Liabilities	50,005	42,809
Contractual Principal Outstanding
Liabilities	54,257	46,707
Fair Value Carrying Amount Less Unpaid Principal
Liabilities	$ (4,252)	$ (3,898)

Fair Value Option - Gains (Loss

Fair Value Option - Gains (Losses) Related to Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	$ 4,184	$ 4,833	$ 3,363
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	319	60	(143)
Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	10	251	(164)
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(38)	(3)	(950)
Trading inventory – other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	2,965	5,121	(1,159)
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	113	(107)	(85)
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	18	44	(51)
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	(30)	22	(304)
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(8)	(15)	(23)
Short-term borrowings
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	199	7	639
Unfunded loan commitments
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(13)	38	8
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(13)	39	8
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	378	609	11
Long-term debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	550	(1,178)	4,313
Gains (Losses) Related to Borrower-specific Credit Risk for Assets and Liabilities Accounted for Under the Fair Value Option	(3)	0	0
Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(307)	10	247
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	4,228	4,763	3,702
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	327	74	(153)
Market making and similar activities | Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(30)	251	(164)
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	2,965	5,121	(1,159)
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	93	(174)	(58)
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
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	199	7	639
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	(1)	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	378	609	11
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	582	(1,143)	4,359
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	(286)	19	227
Other Income
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	(44)	70	(339)
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	(8)	(14)	10
Other Income | Loans reported as trading account assets
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	40	0	0
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
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	20	67	(27)
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	(30)	22	(304)
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
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	(13)	39	8
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
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	(32)	(35)	(46)
Other Income | Other
Fair Value, Option, Quantitative Disclosures [Line Items]
Gains (Losses) Related to Assets and Liabilities Accounted for Under the Fair Value Option	$ (21)	$ (9)	$ 20

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Financial assets
Loans held-for-sale	$ 2,214,000,000	$ 2,059,000,000
Financial liabilities
Long-term debt	50,005,000,000	42,809,000,000
Demand deposits	892,900,000,000	897,300,000,000
Stated maturities	0	0
Carrying Value
Financial assets
Loans	1,060,629,000,000	1,020,281,000,000
Loans held-for-sale	9,545,000,000	6,002,000,000
Financial liabilities
Deposits	1,965,467,000,000	1,923,827,000,000
Long-term debt	283,279,000,000	302,204,000,000
Commercial unfunded lending commitments	1,240,000,000	1,275,000,000
Estimate of Fair Value Measurement
Financial assets
Loans	1,043,106,000,000	999,288,000,000
Loans held-for-sale	9,545,000,000	6,003,000,000
Financial liabilities
Deposits	1,967,061,000,000	1,925,015,000,000
Long-term debt	287,750,000,000	303,983,000,000
Commercial unfunded lending commitments	3,694,000,000	3,971,000,000
Estimate of Fair Value Measurement | Level 2
Financial assets
Loans	50,971,000,000	49,311,000,000
Loans held-for-sale	6,707,000,000	3,024,000,000
Financial liabilities
Deposits	1,967,061,000,000	1,925,015,000,000
Long-term debt	287,098,000,000	303,070,000,000
Commercial unfunded lending commitments	55,000,000	44,000,000
Estimate of Fair Value Measurement | Level 3
Financial assets
Loans	992,135,000,000	949,977,000,000
Loans held-for-sale	2,838,000,000	2,979,000,000
Financial liabilities
Deposits	0	0
Long-term debt	652,000,000	913,000,000
Commercial unfunded lending commitments	$ 3,639,000,000	$ 3,927,000,000

Business Segment Information -

Business Segment Information - Narrative (Details)	12 Months Ended
	Dec. 31, 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net interest income	$ 56,679	$ 57,498	$ 52,900
Noninterest income	45,827	41,650	42,488
Total revenue, net of interest expense	102,506	99,148	95,388
Provision for credit losses	5,821	4,394	2,543
Noninterest expense
Compensation and benefits	40,182	38,330	36,447
Other noninterest expense	26,630	27,515	24,991
Total noninterest expense	66,812	65,845	61,438
Income before income taxes	29,873	28,909	31,407
Income tax expense	2,741	2,394	3,879
Net income	27,132	26,515	27,528
Year-end total assets	3,261,519	3,180,151
Additional net interest income and income tax expense, related to tax-exempt securities	619	567	438
Operating Segments | Consumer Banking
Segment Reporting Information [Line Items]
Net interest income	33,078	33,689	30,045
Noninterest income	8,358	8,342	8,590
Total revenue, net of interest expense	41,436	42,031	38,635
Provision for credit losses	4,987	5,158	1,980
Noninterest expense
Compensation and benefits	6,422	6,490	6,218
Other noninterest expense	15,682	14,926	13,859
Total noninterest expense	22,104	21,416	20,077
Income before income taxes	14,345	15,457	16,578
Income tax expense	3,586	3,864	4,062
Net income	10,759	11,593	12,516
Year-end total assets	1,034,370	1,049,830
Operating Segments | Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Net interest income	6,969	7,147	7,466
Noninterest income	15,960	13,958	14,282
Total revenue, net of interest expense	22,929	21,105	21,748
Provision for credit losses	4	6	66
Noninterest expense
Compensation and benefits	11,126	10,120	9,922
Other noninterest expense	6,115	5,716	5,568
Total noninterest expense	17,241	15,836	15,490
Income before income taxes	5,684	5,263	6,192
Income tax expense	1,421	1,316	1,517
Net income	4,263	3,947	4,675
Year-end total assets	338,367	344,626
Operating Segments | Global Banking
Segment Reporting Information [Line Items]
Net interest income	13,235	14,645	12,184
Noninterest income	10,723	10,151	10,045
Total revenue, net of interest expense	23,958	24,796	22,229
Provision for credit losses	883	(586)	641
Noninterest expense
Compensation and benefits	4,327	4,134	4,092
Other noninterest expense	7,526	7,210	6,874
Total noninterest expense	11,853	11,344	10,966
Income before income taxes	11,222	14,038	10,622
Income tax expense	3,086	3,790	2,815
Net income	8,136	10,248	7,807
Year-end total assets	670,905	621,751
Operating Segments | Global Markets
Segment Reporting Information [Line Items]
Net interest income	3,375	1,678	3,088
Noninterest income	18,437	17,849	15,050
Total revenue, net of interest expense	21,812	19,527	18,138
Provision for credit losses	(32)	(131)	28
Noninterest expense
Compensation and benefits	3,550	3,428	3,210
Other noninterest expense	10,376	9,778	9,210
Total noninterest expense	13,926	13,206	12,420
Income before income taxes	7,918	6,452	5,690
Income tax expense	2,296	1,774	1,508
Net income	5,622	4,678	4,182
Year-end total assets	876,605	817,588
All Other
Segment Reporting Information [Line Items]
Net interest income	22	339	117
Noninterest income	(7,651)	(8,650)	(5,479)
Total revenue, net of interest expense	(7,629)	(8,311)	(5,362)
Provision for credit losses	(21)	(53)	(172)
Noninterest expense
Compensation and benefits	0	0	0
Other noninterest expense	1,688	4,043	2,485
Total noninterest expense	1,688	4,043	2,485
Income before income taxes	(9,296)	(12,301)	(7,675)
Income tax expense	(7,648)	(8,350)	(6,023)
Net income	(1,648)	(3,951)	$ (1,652)
Year-end total assets	$ 341,272	$ 346,356

Business Segment Information _3

Business Segment Information - Noninterest Income by Business Segment and All Other (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total fees and commissions	$ 36,291	$ 32,009	$ 33,212
Market making and similar activities	12,967	12,732	12,075
Other income (loss)	(3,431)	(3,091)	(2,799)
Total noninterest income	45,827	41,650	42,488
Card income
Segment Reporting Information [Line Items]
Card income and service charges	6,284	6,054	6,083
Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	4,013	3,983	4,096
Other card income
Segment Reporting Information [Line Items]
Card income and service charges	2,271	2,071	1,987
Service charges
Segment Reporting Information [Line Items]
Card income and service charges	6,055	5,684	6,405
Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	4,708	4,382	5,190
Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	1,347	1,302	1,215
Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	17,766	15,563	15,901
Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	13,875	12,002	12,152
Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	3,891	3,561	3,749
Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	6,186	4,708	4,823
Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	3,275	2,235	1,970
Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	1,221	898	1,070
Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	1,690	1,575	1,783
Operating Segments | Consumer Banking
Segment Reporting Information [Line Items]
Total fees and commissions	8,197	7,889	8,179
Market making and similar activities	21	20	10
Other income (loss)	140	433	401
Total noninterest income	8,358	8,342	8,590
Operating Segments | Consumer Banking | Card income
Segment Reporting Information [Line Items]
Card income and service charges	5,432	5,264	5,169
Operating Segments | Consumer Banking | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	3,194	3,157	3,239
Operating Segments | Consumer Banking | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	2,238	2,107	1,930
Operating Segments | Consumer Banking | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	2,445	2,317	2,706
Operating Segments | Consumer Banking | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	2,445	2,317	2,706
Operating Segments | Consumer Banking | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0
Operating Segments | Consumer Banking | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	320	308	304
Operating Segments | Consumer Banking | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	207	197	195
Operating Segments | Consumer Banking | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	113	111	109
Operating Segments | Consumer Banking | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments | Consumer Banking | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments | Consumer Banking | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments | Consumer Banking | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments | Global Wealth & Investment Management
Segment Reporting Information [Line Items]
Total fees and commissions	15,622	13,507	13,893
Market making and similar activities	143	137	102
Other income (loss)	195	314	287
Total noninterest income	15,960	13,958	14,282
Operating Segments | Global Wealth & Investment Management | Card income
Segment Reporting Information [Line Items]
Card income and service charges	41	45	70
Operating Segments | Global Wealth & Investment Management | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	(20)	(12)	20
Operating Segments | Global Wealth & Investment Management | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	61	57	50
Operating Segments | Global Wealth & Investment Management | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	97	78	73
Operating Segments | Global Wealth & Investment Management | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	44	41	65
Operating Segments | Global Wealth & Investment Management | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	53	37	8
Operating Segments | Global Wealth & Investment Management | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	15,238	13,213	13,561
Operating Segments | Global Wealth & Investment Management | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	13,668	11,805	11,957
Operating Segments | Global Wealth & Investment Management | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	1,570	1,408	1,604
Operating Segments | Global Wealth & Investment Management | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	246	171	189
Operating Segments | Global Wealth & Investment Management | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	246	171	189
Operating Segments | Global Wealth & Investment Management | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments | Global Wealth & Investment Management | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
Operating Segments | Global Banking
Segment Reporting Information [Line Items]
Total fees and commissions	7,465	6,609	7,113
Market making and similar activities	275	190	215
Other income (loss)	2,983	3,352	2,717
Total noninterest income	10,723	10,151	10,045
Operating Segments | Global Banking | Card income
Segment Reporting Information [Line Items]
Card income and service charges	786	781	774
Operating Segments | Global Banking | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	773	772	767
Operating Segments | Global Banking | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	13	9	7
Operating Segments | Global Banking | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	3,135	2,952	3,293
Operating Segments | Global Banking | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	2,128	1,943	2,310
Operating Segments | Global Banking | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	1,007	1,009	983
Operating Segments | Global Banking | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	91	57	42
Operating Segments | Global Banking | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0
Operating Segments | Global Banking | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	91	57	42
Operating Segments | Global Banking | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	3,453	2,819	3,004
Operating Segments | Global Banking | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	1,305	922	796
Operating Segments | Global Banking | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	644	505	565
Operating Segments | Global Banking | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	1,504	1,392	1,643
Operating Segments | Global Markets
Segment Reporting Information [Line Items]
Total fees and commissions	5,224	4,268	4,213
Market making and similar activities	12,778	13,430	11,406
Other income (loss)	435	151	(569)
Total noninterest income	18,437	17,849	15,050
Operating Segments | Global Markets | Card income
Segment Reporting Information [Line Items]
Card income and service charges	66	66	66
Operating Segments | Global Markets | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	66	66	66
Operating Segments | Global Markets | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0
Operating Segments | Global Markets | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	375	335	325
Operating Segments | Global Markets | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	88	79	101
Operating Segments | Global Markets | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	287	256	224
Operating Segments | Global Markets | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	2,128	1,993	2,002
Operating Segments | Global Markets | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0
Operating Segments | Global Markets | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	2,128	1,993	2,002
Operating Segments | Global Markets | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	2,655	1,874	1,820
Operating Segments | Global Markets | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	1,892	1,298	1,176
Operating Segments | Global Markets | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	577	393	505
Operating Segments | Global Markets | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	186	183	139
All Other
Segment Reporting Information [Line Items]
Total fees and commissions	(217)	(264)	(186)
Market making and similar activities	(250)	(1,045)	342
Other income (loss)	(7,184)	(7,341)	(5,635)
Total noninterest income	(7,651)	(8,650)	(5,479)
All Other | Card income
Segment Reporting Information [Line Items]
Card income and service charges	(41)	(102)	4
All Other | Interchange fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	4
All Other | Other card income
Segment Reporting Information [Line Items]
Card income and service charges	(41)	(102)	0
All Other | Service charges
Segment Reporting Information [Line Items]
Card income and service charges	3	2	8
All Other | Deposit-related fees
Segment Reporting Information [Line Items]
Card income and service charges	3	2	8
All Other | Lending-related fees
Segment Reporting Information [Line Items]
Card income and service charges	0	0	0
All Other | Investment and brokerage services
Segment Reporting Information [Line Items]
Investment and brokerage services	(11)	(8)	(8)
All Other | Asset management fees
Segment Reporting Information [Line Items]
Investment and brokerage services	0	0	0
All Other | Brokerage fees
Segment Reporting Information [Line Items]
Investment and brokerage services	(11)	(8)	(8)
All Other | Total investment banking fees
Segment Reporting Information [Line Items]
Investment banking fees	(168)	(156)	(190)
All Other | Underwriting income
Segment Reporting Information [Line Items]
Investment banking fees	(168)	(156)	(191)
All Other | Syndication fees
Segment Reporting Information [Line Items]
Investment banking fees	0	0	0
All Other | Financial advisory services
Segment Reporting Information [Line Items]
Investment banking fees	$ 0	$ 0	$ 1

Parent Company Information - In

Parent Company Information - Income Statement (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Income Statements, Captions [Line Items]
Other income (loss)	$ (3,431)	$ (3,091)	$ (2,799)
Total revenue, net of interest expense	101,887	98,581	94,950
Noninterest expense	66,812	65,845	61,438
Income tax expense	2,122	1,827	3,441
Net income	27,132	26,515	27,528
Bank of America Corporation
Condensed Income Statements, Captions [Line Items]
Interest from subsidiaries	21,589	21,314	12,420
Other income (loss)	(1,223)	(1,012)	(201)
Total revenue, net of interest expense	41,666	42,686	34,469
Interest on borrowed funds from subsidiaries	1,108	896	236
Other interest expense	14,060	14,119	7,041
Noninterest expense	1,580	1,699	1,322
Total expense	16,748	16,714	8,599
Income before income taxes and equity in undistributed earnings of subsidiaries	24,918	25,972	25,870
Income tax expense	773	838	683
Income before equity in undistributed earnings of subsidiaries	24,145	25,134	25,187
Equity in undistributed earnings (losses) of subsidiaries:	2,987	1,381	2,341
Net income	27,132	26,515	27,528
Bank holding companies and related subsidiaries | Bank of America Corporation
Condensed Income Statements, Captions [Line Items]
Dividends from subsidiaries:	21,300	22,384	22,250
Equity in undistributed earnings (losses) of subsidiaries:	2,909	1,203	2,333
Nonbank companies and related subsidiaries | Bank of America Corporation
Condensed Income Statements, Captions [Line Items]
Equity in undistributed earnings (losses) of subsidiaries:	$ 78	$ 178	$ 8

Parent Company Information - Ba

Parent Company Information - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Securities	$ 917,284	$ 871,407
Other assets	162,056	160,875
Total assets	3,261,519	3,180,151
Liabilities and shareholders’ equity
Accrued expenses and other liabilities	210,169	207,527
Total liabilities	2,965,960	2,888,505
Shareholders’ equity	295,559	291,646	$ 273,197	$ 270,066
Total liabilities and shareholders’ equity	3,261,519	3,180,151
Bank of America Corporation
Assets
Cash held at bank subsidiaries	4,613	4,559
Securities	660	644
Other assets	6,658	6,799
Total assets	559,733	573,674
Liabilities and shareholders’ equity
Accrued expenses and other liabilities	16,360	14,510
Long-term debt	226,675	249,541
Total liabilities	264,174	282,028
Shareholders’ equity	295,559	291,646
Total liabilities and shareholders’ equity	559,733	573,674
Bank of America Corporation | Bank holding companies and related subsidiaries
Assets
Receivables from subsidiaries:	231,931	249,320
Investments in subsidiaries:	310,957	306,946
Liabilities and shareholders’ equity
Payables to subsidiaries:	14	14
Bank of America Corporation | Banks and related subsidiaries
Assets
Receivables from subsidiaries:	146	205
Liabilities and shareholders’ equity
Payables to subsidiaries:	114	207
Bank of America Corporation | Nonbank companies and related subsidiaries
Assets
Receivables from subsidiaries:	985	1,255
Investments in subsidiaries:	3,783	3,946
Liabilities and shareholders’ equity
Payables to subsidiaries:	$ 21,011	$ 17,756

Parent Company Information - St

Parent Company Information - Statement of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Cash Flow Statements, Captions [Line Items]
Net income	$ 27,132	$ 26,515	$ 27,528
Operating activities
Other operating activities, net	7,522	7,708	1,222
Net cash provided by (used in) operating activities	(8,805)	44,982	(6,327)
Investing activities
Other investing activities, net	(4,145)	(5,258)	(4,612)
Net cash used in investing activities	(90,693)	(35,387)	(2,529)
Financing activities
Proceeds from issuance of long-term debt	56,683	65,396	65,910
Retirement of long-term debt	(70,411)	(44,571)	(34,055)
Proceeds from issuance of preferred stock and warrants	0	0	4,426
Common stock repurchased	(13,104)	(4,576)	(5,073)
Cash dividends paid	(9,503)	(9,087)	(8,576)
Net cash provided by (used in) financing activities	60,369	93,345	(106,039)
Net increase (decrease) in cash and cash equivalents	(42,959)	102,870	(118,018)
Cash and cash equivalents at January 1	333,073	230,203	348,221
Cash and cash equivalents at December 31	290,114	333,073	230,203
Bank of America Corporation
Condensed Cash Flow Statements, Captions [Line Items]
Net income	27,132	26,515	27,528
Operating activities
Equity in undistributed (earnings) losses of subsidiaries	(2,987)	(1,381)	(2,341)
Other operating activities, net	1,986	3,395	(31,777)
Net cash provided by (used in) operating activities	26,131	28,529	(6,590)
Investing activities
Net sales (purchases) of securities	(17)	(15)	25
Net payments from (to) subsidiaries	16,858	(21,267)	(6,044)
Other investing activities, net	0	(43)	(34)
Net cash used in investing activities	16,841	(21,325)	(6,053)
Financing activities
Net increase in other advances	3,542	2,825	2,853
Proceeds from issuance of long-term debt	17,817	23,950	44,123
Retirement of long-term debt	(36,416)	(25,366)	(19,858)
Proceeds from issuance of preferred stock and warrants	0	0	4,426
Redemption of preferred stock	(5,254)	0	(654)
Common stock repurchased	(13,104)	(4,576)	(5,073)
Cash dividends paid	(9,503)	(9,087)	(8,576)
Net cash provided by (used in) financing activities	(42,918)	(12,254)	17,241
Net increase (decrease) in cash and cash equivalents	54	(5,050)	4,598
Cash and cash equivalents at January 1	4,559	9,609	5,011
Cash and cash equivalents at December 31	$ 4,613	$ 4,559	$ 9,609

Performance by Geographical A_3

Performance by Geographical Area (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	$ 3,261,519	$ 3,180,151
Total revenue, net of interest expense	101,887	98,581	94,950
Income Before Income Taxes	29,254	28,342	30,969
Net income	27,132	26,515	27,528
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	2,817,345	2,768,003
Total revenue, net of interest expense	88,465	85,571	82,890
Income Before Income Taxes	25,724	24,525	28,135
Net income	24,594	23,656	25,607
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	153,489	139,967
Total revenue, net of interest expense	5,184	4,952	4,597
Income Before Income Taxes	1,616	1,512	1,144
Net income	1,176	1,139	865
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	257,695	238,052
Total revenue, net of interest expense	6,499	6,393	6,044
Income Before Income Taxes	1,069	1,540	1,121
Net income	796	1,098	689
Latin America and the Caribbean
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	32,990	34,129
Total revenue, net of interest expense	1,739	1,665	1,419
Income Before Income Taxes	845	765	569
Net income	566	622	367
Non-U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	444,174	412,148
Total revenue, net of interest expense	13,422	13,010	12,060
Income Before Income Taxes	3,530	3,817	2,834
Net income	$ 2,538	$ 2,859	$ 1,921