Morgan Stanley (MS) 10-Q 2 May 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2023	Apr. 28, 2023
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Mar. 31, 2023
Entity File Number	1-11758
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1585 Broadway
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
Entity Tax Identification Number	36-3145972
City Area Code	(212)
Local Phone Number	761-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,670,113,691
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000895421
Current Fiscal Year End Date	--12-31
Entity Registrant Name	MORGAN STANLEY
Document Quarterly Report	true
Document Transition Report	false
Common Stock, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	MS
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series A, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series A, $0.01 par value
Trading Symbol	MS/PA
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series E, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series E, $0.01 par value
Trading Symbol	MS/PE
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series F, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series F, $0.01 par value
Trading Symbol	MS/PF
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series I, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series I, $0.01 par value
Trading Symbol	MS/PI
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series K, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series K, $0.01 par value
Trading Symbol	MS/PK
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series L, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series L, $0.01 par value
Trading Symbol	MS/PL
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series O, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series O, $0.01 par value
Trading Symbol	MS/PO
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series P, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series P, $0.01 par value
Trading Symbol	MS/PP
Security Exchange Name	NYSE
Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Document Information [Line Items]
Title of 12(b) Security	Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Trading Symbol	MS/26C
Security Exchange Name	NYSE
Global Medium-Term Notes, Series A, Floating Rate Notes Due 2029
Document Information [Line Items]
Title of 12(b) Security	Global Medium-Term Notes, Series A, Floating Rate Notes Due 2029
Trading Symbol	MS/29
Security Exchange Name	NYSE

Consolidated Income Statement

Consolidated Income Statement - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Investment banking	$ 1,330	$ 1,758
Trading	4,477	3,983
Investments	145	75
Commissions and fees	1,239	1,416
Asset management	4,728	5,119
Other	252	234
Total non-interest revenues	12,171	12,585
Interest income	10,870	2,650
Interest expense	8,524	434
Net interest	2,346	2,216
Net revenues	14,517	14,801
Provision for credit losses	234	57
Non-interest expenses
Compensation and benefits	6,410	6,274
Brokerage, clearing and exchange fees	881	882
Information processing and communications	915	829
Professional services	710	705
Occupancy and equipment	440	427
Marketing and business development	247	175
Other	920	864
Total non-interest expenses	10,523	10,156
Income before provision for income taxes	3,760	4,588
Provision for income taxes	727	873
Net income	3,033	3,715
Net income applicable to noncontrolling interests	53	49
Net income applicable to Morgan Stanley	2,980	3,666
Preferred stock dividends	144	124
Earnings applicable to Morgan Stanley common shareholders	$ 2,836	$ 3,542
Earnings per common share
Basic (USD per share)	$ 1.72	$ 2.04
Diluted (USD per share)	$ 1.70	$ 2.02
Average common shares outstanding
Basic (shares)	1,645	1,733
Diluted (shares)	1,663	1,755

Consolidated Comprehensive Inco

Consolidated Comprehensive Income Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 3,033	$ 3,715
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	20	(105)
Change in net unrealized gains (losses) on available-for-sale securities	512	(2,395)
Pension and other	(1)	5
Change in net debt valuation adjustment	(15)	660
Net change in cash flow hedges	7	0
Total other comprehensive income (loss)	523	(1,835)
Comprehensive income	3,556	1,880
Net income applicable to noncontrolling interests	53	49
Other comprehensive income (loss) applicable to noncontrolling interests	(19)	(35)
Comprehensive income applicable to Morgan Stanley	$ 3,522	$ 1,866

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 111,258	$ 128,127
Trading assets at fair value ($127,205 and $124,411 were pledged to various parties)	320,301	301,315
Available-for-sale at fair value (amortized cost of $88,738 and $89,772)	83,932	84,297
Held-to-maturity (fair value of $64,419 and $65,006)	74,012	75,634
Securities purchased under agreements to resell (includes $8 and $8 at fair value)	121,885	113,907
Securities borrowed	146,216	133,374
Customer and other receivables	74,095	78,540
Loans:
Held for investment (net of allowance for credit losses of $970 and $839)	199,550	198,997
Held for sale	15,146	14,788
Goodwill	16,657	16,652
Intangible assets (net of accumulated amortization of $4,404 and $4,253)	7,470	7,618
Other assets	29,382	26,982
Total assets	1,199,904	1,180,231
Liabilities
Deposits (includes $5,042 and $4,796 at fair value)	347,523	356,646
Trading liabilities at fair value	170,764	154,438
Securities sold under agreements to repurchase (includes $872 and $864 at fair value)	60,491	62,534
Securities loaned	15,588	15,679
Other secured financings (includes $5,005 and $4,550 at fair value)	8,670	8,158
Customer and other payables	220,700	216,134
Other liabilities and accrued expenses	24,032	27,353
Borrowings (includes $86,422 and $78,720 at fair value)	250,182	238,058
Total liabilities	1,097,950	1,079,000
Commitments and contingent liabilities (see Note 13)
Equity
Preferred stock	8,750	8,750
Common stock	20	20
Additional paid-in capital	28,856	29,339
Retained earnings	96,392	94,862
Employee stock trusts	5,343	4,881
Accumulated other comprehensive income (loss)	(5,711)	(6,253)
Common stock held in treasury at cost, $0.01 par value (368,575,659 and 363,406,570 shares)	(27,481)	(26,577)
Common stock issued to employee stock trusts	(5,343)	(4,881)
Total Morgan Stanley shareholders’ equity	100,826	100,141
Noncontrolling interests	1,128	1,090
Total equity	101,954	101,231
Total liabilities and equity	$ 1,199,904	$ 1,180,231

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets
Trading assets pledged to various parties	$ 127,205	$ 124,411
Available-for-sale, amortized cost	88,738	89,772
Held-to-maturity, fair value	64,419	65,006
Fair value of securities purchased under agreement to resell	8	8
ACL	970	839
Intangible assets, accumulated amortization	4,404	4,253
Liabilities
Deposits at fair value	5,042	4,796
Fair value of securities sold under agreement to repurchase	872	864
Fair value of other secured financings	5,005	4,550
Fair value of borrowings	$ 86,422	$ 78,720
Equity
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (shares)	3,500,000,000	3,500,000,000
Common stock issued (shares)	2,038,893,979	2,038,893,979
Common stock outstanding (shares)	1,670,318,320	1,675,487,409
Common stock held in treasury (shares)	368,575,659	363,406,570

Consolidated Statement of Chang

Consolidated Statement of Changes in Total Equity - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings		Employee Stock Trusts	Accumulated Other Comprehensive Income (Loss)	Common Stock Held in Treasury at Cost	Common Stock Issued to Employee Stock Trusts	Noncontrolling Interests
Beginning and ending balance at Dec. 31, 2021		$ 7,750	$ 20	$ 28,841	$ 89,432		$ 3,955	$ (3,102)	$ (17,500)	$ (3,955)	$ 1,157
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				(834)			1,020		1,485	(1,020)
Other net increases (decreases)					0						3
Net income applicable to Morgan Stanley	$ 3,666				3,666
Preferred stock dividends	(124)				(124)	[1]
Common stock dividends	(1,252)				(1,252)	[1]
Net change in Accumulated other comprehensive income (loss)	(1,835)							(1,800)			(35)
Repurchases of common stock and employee tax withholdings									(3,681)
Net income applicable to noncontrolling interests	49										49
Ending balance at Mar. 31, 2022	104,075		20	28,007	91,722		4,975	(4,902)	(19,696)	(4,975)	1,174
Beginning and ending balance at Dec. 31, 2022	101,231	$ 8,750	20	29,339	94,862		4,881	(6,253)	(26,577)	(4,881)	1,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				(483)			462		1,304	(462)
Other net increases (decreases)					(1)						4
Net income applicable to Morgan Stanley	2,980				2,980
Preferred stock dividends	(144)				(144)	[1]
Common stock dividends	(1,305)				(1,305)	[1]
Net change in Accumulated other comprehensive income (loss)	523							542			(19)
Repurchases of common stock and employee tax withholdings									(2,208)
Net income applicable to noncontrolling interests	53										53
Ending balance at Mar. 31, 2023	$ 101,954		$ 20	$ 28,856	$ 96,392		$ 5,343	$ (5,711)	$ (27,481)	$ (5,343)	$ 1,128
[1]See Note 16 for information regarding dividends per share for each class of stock.

Consolidated Cash Flow Statemen

Consolidated Cash Flow Statement - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities
Net income		$ 3,033	$ 3,715
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Stock-based compensation expense		558	431
Depreciation and amortization		940	942
Provision for credit losses		234	57
Other operating adjustments		66	51
Changes in assets and liabilities:
Trading assets, net of Trading liabilities		2,582	5,069
Securities borrowed		(12,842)	(21,282)
Securities loaned		(91)	1,923
Customer and other receivables and other assets		4,899	1,227
Customer and other payables and other liabilities		777	17,994
Securities purchased under agreements to resell		(7,978)	(7,768)
Securities sold under agreements to repurchase		(2,043)	(2,120)
Net cash provided by (used for) operating activities		(9,865)	239
Proceeds from (payments for):
Other assets—Premises, equipment and software		(719)	(652)
Changes in loans, net		(822)	(7,479)
AFS securities
Purchases	[1]	(3,475)	(14,125)
Proceeds from sales	[1]	1,466	18,469
Proceeds from paydowns and maturities	[1]	3,460	4,301
HTM securities
Purchases	[1]	0	(3,334)
Proceeds from paydowns and maturities	[1]	1,617	3,102
Other investing activities		(2,568)	(124)
Net cash provided by (used for) investing activities		(1,041)	158
Net proceeds from (payments for):
Other secured financings		356	(636)
Deposits		(9,084)	5,834
Proceeds from issuance of Borrowings		21,219	20,284
Payments for:
Borrowings		(15,201)	(11,094)
Repurchases of common stock and employee tax withholdings		(2,205)	(3,681)
Cash dividends		(1,406)	(1,314)
Other financing activities		33	(102)
Net cash provided by (used for) financing activities		(6,288)	9,291
Effect of exchange rate changes on cash and cash equivalents		325	(1,327)
Net increase (decrease) in cash and cash equivalents		(16,869)	8,361
Cash and cash equivalents, at beginning of period		128,127	127,725
Cash and cash equivalents, at end of period		111,258	136,086
Supplemental Disclosure of Cash Flow Information
Cash payments for interest		8,912	623
Cash payments for income taxes, net of refunds		$ 307	$ 383
[1]The prior period amounts have been revised to present Purchases, Proceeds from sales and Proceeds from paydowns and maturities separately between AFS securities and HTM securities.

Introduction and Basis of Prese

Introduction and Basis of Presentation	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Introduction and Basis of Presentation	Introduction and Basis of Presentation The Firm Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments—Institutional Securities, Wealth Management and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Unless the context otherwise requires, the terms “Morgan Stanley” or the “Firm” mean Morgan Stanley (the “Parent Company”) together with its consolidated subsidiaries. See the “Glossary of Common Terms and Acronyms” for the definition of certain terms and acronyms used throughout this Form 10-Q. A description of the clients and principal products and services of each of the Firm’s business segments is as follows: Institutional Securities provides a variety of products and services to corporations, governments, financial institutions and ultra-high net worth clients. Investment Banking services consist of capital raising and financial advisory services, including the underwriting of debt, equity and other securities, as well as advice on mergers and acquisitions, restructurings and project finance. Our Equity and Fixed Income businesses include sales, financing, prime brokerage, market-making, Asia wealth management services and certain business-related investments. Lending activities include originating corporate loans and commercial real estate loans, providing secured lending facilities, and extending securities-based and other financing to customers. Other activities include research. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering: financial advisor-led brokerage, custody, administrative and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services. Investment Management provides a broad range of investment strategies and products that span geographies, asset classes, and public and private markets to a diverse group of clients across institutional and intermediary channels. Strategies and products, which are offered through a variety of investment vehicles, include equity, fixed income, alternatives and solutions, and liquidity and overlay services. Institutional clients include defined benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors and corporations. Individual clients are generally served through intermediaries, including affiliated and non-affiliated distributors. Basis of Financial Information The financial statements are prepared in accordance with U.S. GAAP, which requires the Firm to make estimates and assumptions regarding the valuations of certain financial instruments, the valuations of goodwill and intangible assets, the outcome of legal and tax matters, deferred tax assets, ACL, and other matters that affect its financial statements and related disclosures. The Firm believes that the estimates utilized in the preparation of its financial statements are prudent and reasonable. Actual results could differ materially from these estimates. The Notes are an integral part of the Firm’s financial statements. The Firm has evaluated subsequent events for adjustment to or disclosure in these financial statements through the date of this report and has not identified any recordable or disclosable events not otherwise reported in these financial statements or the notes thereto. The accompanying financial statements should be read in conjunction with the Firm’s financial statements and notes thereto included in the 2022 Form 10-K. Certain footnote disclosures included in the 2022 Form 10-K have been condensed or omitted from these financial statements as they are not required for interim reporting under U.S. GAAP. The financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for the fair presentation of the results for the interim period. The results of operations for interim periods are not necessarily indicative of results for the entire year. Consolidation The financial statements include the accounts of the Firm, its wholly owned subsidiaries and other entities in which the Firm has a controlling financial interest, including certain VIEs (see Note 14). Intercompany balances and transactions have been eliminated. For consolidated subsidiaries that are not wholly owned, the third-party holdings of equity interests are referred to as Noncontrolling interests. The net income attributable to Noncontrolling interests for such subsidiaries is presented as Net income applicable to noncontrolling interests in the income statement. The portion of shareholders’ equity that is attributable to noncontrolling interests for such subsidiaries is presented as Noncontrolling interests, a component of Total equity, in the balance sheet. For a discussion of the Firm’s significant regulated U.S. and international subsidiaries and its involvement with VIEs, see Note 1 to the financial statements in the 2022 Form 10-K.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting PoliciesFor a detailed discussion about the Firm’s significant accounting policies and for further information on accounting updates adopted in the prior year, see Note 2 to the financial statements in the 2022 Form 10-K. During the three months ended March 31, 2023 there were no significant updates to the Firm’s significant accounting policies, other than for the accounting update adopted. Accounting Update Adopted in 2023 Financial Instruments - Credit Losses The Firm adopted the Financial Instruments-Credit Losses accounting update on January 1, 2023, with no impact on the Firm’s financial condition or results of operations upon adoption. This accounting update eliminates the accounting guidance for troubled debt restructurings (“TDRs”) and requires new disclosures regarding certain modifications of financing receivables ( i.e ., principal forgiveness, interest rate reductions, other-than-insignificant payment delays and term extensions) to borrowers experiencing financial difficulty. The update also requires disclosure of current period gross charge-offs by year of origination for financing receivables measured at amortized cost. Refer to Note 9, Loans, Lending Commitments and Related Allowance for Credit Losses, for the new disclosures.

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
	Mar. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents $ in millions At At Cash and due from banks $ 5,336 $ 5,409 Interest bearing deposits with banks 105,922 122,718 Total Cash and cash equivalents $ 111,258 $ 128,127 Restricted cash $ 33,229 $ 35,380 For additional information on cash and cash equivalents, including restricted cash, see Note 2 to the financial statements in the 2022 Form 10-K.

Fair Values

Fair Values	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Values	Fair Values Recurring Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis At March 31, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 53,525 $ 40,345 $ 1 $ — $ 93,871 Other sovereign government obligations 29,842 5,785 196 — 35,823 State and municipal securities — 1,685 3 — 1,688 MABS — 1,540 454 — 1,994 Loans and lending commitments 2 — 5,974 2,057 — 8,031 Corporate and other debt — 27,804 2,243 — 30,047 Corporate equities 3 97,102 944 144 — 98,190 Derivative and other contracts: Interest rate 5,112 153,365 647 — 159,124 Credit — 9,437 356 — 9,793 Foreign exchange 64 83,371 180 — 83,615 Equity 1,900 46,948 307 — 49,155 Commodity and other 4,184 14,300 3,546 — 22,030 Netting 1 (10,169) (233,264) (1,103) (38,758) (283,294) Total derivative and other contracts 1,091 74,157 3,933 (38,758) 40,423 Investments 4 795 711 955 — 2,461 Physical commodities — 2,349 — — 2,349 Total trading assets 4 182,355 161,294 9,986 (38,758) 314,877 Investment securities—AFS 53,047 30,885 — — 83,932 Securities purchased under agreements to resell — 8 — — 8 Total assets at fair value $ 235,402 $ 192,187 $ 9,986 $ (38,758) $ 398,817 At March 31, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 5,013 $ 29 $ — $ 5,042 Trading liabilities: U.S. Treasury and agency securities 23,790 32 — — 23,822 Other sovereign government obligations 35,965 2,531 73 — 38,569 Corporate and other debt — 11,007 46 — 11,053 Corporate equities 3 67,878 371 41 — 68,290 Derivative and other contracts: Interest rate 5,094 145,101 864 — 151,059 Credit — 9,703 308 — 10,011 Foreign exchange 55 81,981 114 — 82,150 Equity 2,194 52,453 1,084 — 55,731 Commodity and other 4,616 12,695 1,947 — 19,258 Netting 1 (10,169) (233,264) (1,103) (44,644) (289,180) Total derivative and other contracts 1,790 68,669 3,214 (44,644) 29,029 Total trading liabilities 129,423 82,610 3,374 (44,644) 170,763 Securities sold under agreements to repurchase — 358 514 — 872 Other secured financings — 4,890 115 — 5,005 Borrowings — 84,773 1,649 — 86,422 Total liabilities at fair value $ 129,423 $ 177,644 $ 5,681 $ (44,644) $ 268,104 At December 31, 2022 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 38,462 $ 42,263 $ 17 $ — $ 80,742 Other sovereign government obligations 24,644 4,769 169 — 29,582 State and municipal securities — 1,503 145 — 1,648 MABS — 1,774 416 — 2,190 Loans and lending commitments 2 — 6,380 2,017 — 8,397 Corporate and other debt — 23,351 2,096 — 25,447 Corporate equities 3 97,869 1,019 116 — 99,004 Derivative and other contracts: Interest rate 4,481 166,392 517 — 171,390 Credit — 7,876 425 — 8,301 Foreign exchange 49 115,766 183 — 115,998 Equity 2,778 40,171 406 — 43,355 Commodity and other 5,609 21,152 3,701 — 30,462 Netting 1 (9,618) (258,821) (1,078) (55,777) (325,294) Total derivative and other contracts 3,299 92,536 4,154 (55,777) 44,212 Investments 4 652 685 923 — 2,260 Physical commodities — 2,379 — — 2,379 Total trading assets 4 164,926 176,659 10,053 (55,777) 295,861 Investment securities—AFS 53,866 30,396 35 — 84,297 Securities purchased under agreements to resell — 8 — — 8 Total assets at fair value $ 218,792 $ 207,063 $ 10,088 $ (55,777) $ 380,166 At December 31, 2022 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 4,776 $ 20 $ — $ 4,796 Trading liabilities: U.S. Treasury and agency securities 20,776 228 — — 21,004 Other sovereign government obligations 23,235 2,688 3 — 25,926 Corporate and other debt — 8,786 29 — 8,815 Corporate equities 3 59,998 518 42 — 60,558 Derivative and other contracts: Interest rate 3,446 161,044 668 — 165,158 Credit — 7,987 315 — 8,302 Foreign exchange 89 113,383 117 — 113,589 Equity 3,266 46,923 1,142 — 51,331 Commodity and other 6,187 17,574 2,618 — 26,379 Netting 1 (9,618) (258,821) (1,078) (57,107) (326,624) Total derivative and other contracts 3,370 88,090 3,782 (57,107) 38,135 Total trading liabilities 107,379 100,310 3,856 (57,107) 154,438 Securities sold under agreements to repurchase — 352 512 — 864 Other secured financings — 4,459 91 — 4,550 Borrowings — 77,133 1,587 — 78,720 Total liabilities at fair value $ 107,379 $ 187,030 $ 6,066 $ (57,107) $ 243,368 MABS—Mortgage- and asset-backed securities 1. For positions with the same counterparty that cross over the levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Netting.” Positions classified within the same level that are with the same counterparty are netted within that level. For further information on derivative instruments and hedging activities, see Note 6. 2. For a further breakdown by type, see the following Detail of Loans and Lending Commitments at Fair Value table. 3. For trading purposes, the Firm holds or sells short equity securities issued by entities in diverse industries and of varying sizes. 4. Amounts exclude certain investments that are measured based on NAV per share, which are not classified in the fair value hierarchy. For additional disclosure about such investments, see “Net Asset Value Measurements” herein. Detail of Loans and Lending Commitments at Fair Value $ in millions At At Secured lending facilities $ 6 $ 6 Commercial Real Estate 581 528 Residential Real Estate 1,954 2,020 Securities-based lending and Other loans 5,490 5,843 Total $ 8,031 $ 8,397 Unsettled Fair Value of Futures Contracts 1 $ in millions At At Customer and other receivables (payables), net $ 788 $ 1,219 1. These contracts are primarily Level 1, actively traded, valued based on quoted prices from the exchange and are excluded from the previous recurring fair value tables. For a description of the valuation techniques applied to the Firm’s major categories of assets and liabilities measured at fair value on a recurring basis, see Note 5 to the financial statements in the 2022 Form 10-K. During the current quarter, there were no significant revisions made to the Firm’s valuation techniques. Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended $ in millions 2023 2022 U.S. Treasury and agency securities Beginning balance $ 17 $ 2 Purchases — 1 Sales (9) — Net transfers (7) 5 Ending balance $ 1 $ 8 Unrealized gains (losses) $ — $ — Other sovereign government obligations Beginning balance $ 169 $ 211 Realized and unrealized gains (losses) 4 — Purchases 78 6 Sales (54) (40) Net transfers (1) 11 Ending balance $ 196 $ 188 Unrealized gains (losses) $ 4 $ — State and municipal securities Beginning balance $ 145 $ 13 Sales (40) — Net transfers (102) (13) Ending balance $ 3 $ — Unrealized gains (losses) $ — $ — MABS Beginning balance $ 416 $ 344 Realized and unrealized gains (losses) 2 (1) Purchases 57 56 Sales (45) (96) Net transfers 24 48 Ending balance $ 454 $ 351 Unrealized gains (losses) $ 1 $ (3) Loans and lending commitments Beginning balance $ 2,017 $ 3,806 Realized and unrealized gains (losses) (26) 26 Purchases and originations 535 369 Sales (193) (210) Settlements (235) (409) Net transfers (41) (441) Ending balance $ 2,057 $ 3,141 Unrealized gains (losses) $ (25) $ 22 Corporate and other debt Beginning balance $ 2,096 $ 1,973 Realized and unrealized gains (losses) 34 12 Purchases and originations 508 71 Sales (446) (160) Net transfers 51 (143) Ending balance $ 2,243 $ 1,753 Unrealized gains (losses) $ 64 $ 7 Corporate equities Beginning balance $ 116 $ 115 Realized and unrealized gains (losses) (8) — Purchases 19 24 Sales (25) (82) Net transfers 42 182 Ending balance $ 144 $ 239 Unrealized gains (losses) $ (2) $ — Three Months Ended $ in millions 2023 2022 Investments Beginning balance $ 923 $ 1,125 Realized and unrealized gains (losses) 14 (24) Purchases 47 20 Sales (24) (4) Net transfers (5) 3 Ending balance $ 955 $ 1,120 Unrealized gains (losses) $ 10 $ (26) Investment securities—AFS Beginning balance $ 35 $ — Realized and unrealized gains (losses) 1 — Net transfers (36) — Ending balance $ — $ — Unrealized gains (losses) $ 1 $ — Net derivatives: Interest rate Beginning balance $ (151) $ 708 Realized and unrealized gains (losses) (149) 39 Purchases 10 3 Issuances (8) (2) Settlements 189 (21) Net transfers (108) (93) Ending balance $ (217) $ 634 Unrealized gains (losses) $ 29 $ 147 Net derivatives: Credit Beginning balance $ 110 $ 98 Realized and unrealized gains (losses) (27) 43 Purchases — 8 Issuances — (8) Settlements (31) (68) Net transfers (4) 20 Ending balance $ 48 $ 93 Unrealized gains (losses) $ (28) $ 28 Net derivatives: Foreign exchange Beginning balance $ 66 $ 52 Realized and unrealized gains (losses) (11) (145) Purchases — 5 Issuances (3) — Settlements 40 81 Net transfers (26) (26) Ending balance $ 66 $ (33) Unrealized gains (losses) $ (10) $ (138) Net derivatives: Equity Beginning balance $ (736) $ (945) Realized and unrealized gains (losses) 16 98 Purchases 39 28 Issuances (161) (68) Settlements (30) 117 Net transfers 95 116 Ending balance $ (777) $ (654) Unrealized gains (losses) $ (30) $ 88 Three Months Ended $ in millions 2023 2022 Net derivatives: Commodity and other Beginning balance $ 1,083 $ 1,529 Realized and unrealized gains (losses) 446 4 Purchases 16 9 Issuances (3) (11) Settlements (103) (47) Net transfers 160 (50) Ending balance $ 1,599 $ 1,434 Unrealized gains (losses) $ 211 $ (216) Deposits Beginning balance $ 20 $ 67 Issuances 6 — Settlements — (5) Net transfers 3 (36) Ending balance $ 29 $ 26 Unrealized losses (gains) $ — $ — Nonderivative trading liabilities Beginning balance $ 74 $ 61 Realized and unrealized losses (gains) (7) (3) Purchases (44) (33) Sales 113 11 Net transfers 24 12 Ending balance $ 160 $ 48 Unrealized losses (gains) $ (5) $ (3) Securities sold under agreements to repurchase Beginning balance $ 512 $ 651 Realized and unrealized losses (gains) 11 2 Settlements (9) (10) Net transfers — (127) Ending balance $ 514 $ 516 Unrealized losses (gains) $ 11 $ 2 Other secured financings Beginning balance $ 91 $ 403 Realized and unrealized losses (gains) 2 (3) Issuances 41 28 Settlements (19) (305) Net transfers — (3) Ending balance $ 115 $ 120 Unrealized losses (gains) $ 2 $ (3) Borrowings Beginning balance $ 1,587 $ 2,157 Realized and unrealized losses (gains) 48 (143) Issuances 239 161 Settlements (82) (42) Net transfers (143) 266 Ending balance $ 1,649 $ 2,399 Unrealized losses (gains) $ 45 $ (143) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 9 (29) Level 3 instruments may be hedged with instruments classified in Level 1 and Level 2. The realized and unrealized gains or losses for assets and liabilities within the Level 3 category presented in the previous tables do not reflect the related realized and unrealized gains or losses on hedging instruments that have been classified by the Firm within the Level 1 and/or Level 2 categories. The unrealized gains (losses) during the period for assets and liabilities within the Level 3 category may include changes in fair value during the period that were attributable to both observable and unobservable inputs. Total realized and unrealized gains (losses) are primarily included in Trading revenues in the income statement. Additionally, in the previous tables, consolidations of VIEs are included in Purchases, and deconsolidations of VIEs are included in Settlements. Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements Valuation Techniques and Unobservable Inputs Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2023 At December 31, 2022 Assets at Fair Value on a Recurring Basis Other sovereign government obligations $ 196 $ 169 Comparable pricing: Bond price 61 to 119 points (92 points) 57 to 124 points (89 points) State and municipal securities $ 3 $ 145 Comparable pricing: Bond price N/M 86 to 100 points (97 points) MABS $ 454 $ 416 Comparable pricing: Bond price 0 to 95 points (60 points) 0 to 95 points (68 points) Loans and lending $ 2,057 $ 2,017 Margin loan model: Margin loan rate 2% to 4% (3%) 2% to 4% (3%) Comparable pricing: Loan price 88 to 104 points (99 points) 87 to 105 points (99 points) Corporate and $ 2,243 $ 2,096 Comparable pricing: Bond price 51 to 129 points (88 points) 51 to 132 points (90 points) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Corporate equities $ 144 $ 116 Comparable pricing: Equity price 100% 100% Investments $ 955 $ 923 Discounted cash flow: WACC 15% to 17% (16%) 15% to 17% (16%) Exit multiple 7 to 17 times (14 times) 7 to 17 times (14 times) Market approach: EBITDA multiple 6 to 21 times (11 times) 7 to 21 times (11 times) Comparable pricing: Equity price 24% to 100% (89%) 24% to 100% (89%) Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2023 At December 31, 2022 Net derivative and other contracts: Interest rate $ (217) $ (151) Option model: IR volatility skew 36% to 138% (90% / 84%) 105% to 130% (113% / 109%) IR curve correlation 53% to 99% (83% / 86%) 47% to 100% (80% / 84%) Bond volatility 1% to 2% (1% / 1%) N/M Inflation volatility 22% to 70% (43% / 39%) 22% to 65% (43% / 38%) IR curve 4% to 11% (6% / 5%) 4% to 5% (5% / 5%) Credit $ 48 $ 110 Credit default swap model: Cash-synthetic basis 7 points 7 points Bond price 0 to 92 bps (49 points) 0 to 83 points (43 points) Credit spread 10 to 449 bps (111 bps) 10 to 528 bps (115 bps) Funding spread 18 to 590 bps (81 bps) 18 to 590 bps (93 bps) Foreign exchange 2 $ 66 $ 66 Option model: IR curve -8% to 18% (5% / 4%) -2% to 38% (8% / 4%) Foreign exchange volatility skew -18% to 30% (2% / 0%) 10% to 10% (10% / 10%) Contingency probability 95% to 95% (95% / 95%) 95% to 95% (95% / 95%) Equity 2 $ (777) $ (736) Option model: Equity volatility 6% to 95% (22%) 5% to 96% (25%) Equity volatility skew -5% to 0% (-1%) -4% to 0% (-1%) Equity correlation 17% to 95% (83%) 10% to 93% (71%) FX correlation -79% to 65% (-25%) -79% to 65% (-26%) IR correlation 10% to 30% (13%) 10% to 30% (-14%) Commodity and other $ 1,599 $ 1,083 Option model: Forward power price $0 to $282 ($45) per MWh $1 to $292 ($43) per MWh Commodity volatility 8% to 113% (35%) 12% to 169% (34%) Cross-commodity correlation 54% to 100% (93%) 70% to 100% (94%) Liabilities Measured at Fair Value on a Recurring Basis Securities sold under agreements to repurchase $ 514 $ 512 Discounted cash flow: Funding spread 80 to 157 bps (118 bps) 96 to 165 bps (131 bps) Other secured financings $ 115 $ 91 Comparable pricing: Loan price 23 to 101 points (82 points) 23 to 101 points (75 points) Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2023 At December 31, 2022 Borrowings $ 1,649 $ 1,587 Option model: Equity volatility 6% to 66% (22%) 7% to 86% (23%) Equity volatility skew -1% to 0% (0%) -2% to 0% (0%) Equity correlation 41% to 95% (80%) 39% to 98% (86%) Equity - FX correlation -55% to 6% (-26%) -50% to 0% (-21%) IR curve correlation 49% to 98% (85% / 90%) N/M IR volatility skew N/M 47% to 136% (74% / 59%) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Nonrecurring Fair Value Measurement Loans $ 5,812 $ 6,610 Corporate loan model: Credit spread 105 to 1286 bps (830 bps) 91 to 1276 bps (776 bps) Comparable pricing: Loan price 17 to 97 points (66 points) 36 to 80 points (65 points) Warehouse model: Credit spread 108 to 311 bps (246 bps) 110 to 319 bps (245 bps) Points—Percentage of par IR—Interest rate FX—Foreign exchange 1. A single amount is disclosed for range and average when there is no significant difference between the minimum, maximum and average. Amounts represent weighted averages except where simple averages and the median of the inputs are more relevant. 2. Includes derivative contracts with multiple risks ( i.e. , hybrid products). The previous table provides information on the valuation techniques, significant unobservable inputs, and the ranges and averages for each major category of assets and liabilities measured at fair value on a recurring and nonrecurring basis with a significant Level 3 balance. The level of aggregation and breadth of products cause the range of inputs to be wide and not evenly distributed across the inventory of financial instruments. Further, the range of unobservable inputs may differ across firms in the financial services industry because of diversity in the types of products included in each firm’s inventory. Generally, there are no predictable relationships between multiple significant unobservable inputs attributable to a given valuation technique. For a description of the Firm’s significant unobservable inputs and qualitative information about the effect of hypothetical changes in the values of those inputs, see Note 5 to the financial statements in the 2022 Form 10-K. During the current quarter, there were no significant revisions made to the descriptions of the Firm’s significant unobservable inputs. Net Asset Value Measurements Fund Interests At March 31, 2023 At December 31, 2022 $ in millions Carrying Commitment Carrying Commitment Private equity $ 2,664 $ 637 $ 2,622 $ 638 Real estate 2,566 256 2,642 239 Hedge 1 194 3 190 3 Total $ 5,424 $ 896 $ 5,454 $ 880 1. Investments in hedge funds may be subject to initial period lock-up or gate provisions, which restrict an investor from withdrawing from the fund during a certain initial period or restrict the redemption amount on any redemption date, respectively. Amounts in the previous table represent the Firm’s carrying value of general and limited partnership interests in fund investments, as well as any related performance-based income in the form of carried interest. The carrying amounts are measured based on the NAV of the fund taking into account the distribution terms applicable to the interest held. This same measurement applies whether the fund investments are accounted for under the equity method or fair value. For a description of the Firm’s investments in private equity funds, real estate funds and hedge funds, which are measured based on NAV, see Note 5 to the financial statements in the 2022 Form 10-K. See Note 13 for information regarding general partner guarantees, which include potential obligations to return performance fee distributions previously received. See Note 19 for information regarding unrealized carried interest at risk of reversal. Nonredeemable Funds by Contractual Maturity Carrying Value at March 31, 2023 $ in millions Private Equity Real Estate Less than 5 years $ 1,085 $ 975 5-10 years 1,515 1,554 Over 10 years 64 37 Total $ 2,664 $ 2,566 Nonrecurring Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis At March 31, 2023 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 5,083 $ 5,812 $ 10,895 Other assets—Other investments — — — Other assets—ROU assets — — — Total $ 5,083 $ 5,812 $ 10,895 Liabilities Other liabilities and accrued expenses—Lending commitments $ 195 $ 97 $ 292 Total $ 195 $ 97 $ 292 At December 31, 2022 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 4,193 $ 6,610 $ 10,803 Other assets—Other investments — 7 7 Other assets—ROU assets 4 — 4 Total $ 4,197 $ 6,617 $ 10,814 Liabilities Other liabilities and accrued expenses—Lending commitments $ 275 $ 153 $ 428 Total $ 275 $ 153 $ 428 1. For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement. Gains (Losses) from Nonrecurring Fair Value Remeasurements 1 Three Months Ended $ in millions 2023 2022 Assets Loans 2 $ 19 $ (43) Other assets—Other investments 3 — (2) Other assets—Premises, equipment and software 4 (3) (1) Other assets—ROU assets 5 — (2) Total $ 16 $ (48) Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ 34 $ (49) Total $ 34 $ (49) 1. Gains and losses for Loans and Other assets—Other investments are classified in Other revenues. For other items, gains and losses are recorded in Other revenues if the item is held for sale; otherwise, they are recorded in Other expenses. 2. Nonrecurring changes in the fair value of loans and lending commitments, which exclude the impact of related economic hedges, are calculated as follows: for the held-for-investment category, based on the value of the underlying collateral; and for the held-for-sale category, based on recently executed transactions, market price quotations, valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and CDS spread levels adjusted for any basis difference between cash and derivative instruments, or default recovery analysis where such transactions and quotations are unobservable. 3. Losses related to Other assets—Other investments were determined using techniques that included discounted cash flow models, methodologies that incorporate multiples of certain comparable companies and recently executed transactions. 4. Losses related to Other assets—Premises, equipment and software generally include impairments as well as write-offs related to the disposal of certain assets. 5. Losses related to Other Assets—ROU assets include impairments related to the discontinued leased properties. Financial Instruments Not Measured at Fair Value At March 31, 2023 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 111,258 $ 111,258 $ — $ — $ 111,258 Investment securities—HTM 74,012 26,253 37,090 1,076 64,419 Securities purchased under agreements to resell 121,877 — 119,067 2,826 121,893 Securities borrowed 146,216 — 146,216 — 146,216 Customer and other receivables 69,249 — 65,219 3,750 68,969 Loans 1 214,696 — 24,842 183,035 207,877 Other assets 3,139 — 3,139 — 3,139 Financial liabilities Deposits $ 342,481 $ — $ 342,312 $ — $ 342,312 Securities sold under agreements to repurchase 59,619 — 59,599 — 59,599 Securities loaned 15,588 — 15,583 — 15,583 Other secured financings 3,665 — 3,665 — 3,665 Customer and other payables 220,556 — 220,556 — 220,556 Borrowings 163,760 — 163,329 4 163,333 Commitment Lending commitments 2 $ 139,447 $ — $ 1,814 $ 914 $ 2,728 At December 31, 2022 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 128,127 $ 128,127 $ — $ — $ 128,127 Investment securities—HTM 75,634 26,754 37,218 1,034 65,006 Securities purchased under agreements to resell 113,899 — 111,188 2,681 113,869 Securities borrowed 133,374 — 133,370 — 133,370 Customer and other receivables 73,248 — 69,268 3,664 72,932 Loans 1 213,785 — 24,153 181,561 205,714 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 351,850 $ — $ 351,721 $ — $ 351,721 Securities sold under agreements to repurchase 61,670 — 61,620 — 61,620 Securities loaned 15,679 — 15,673 — 15,673 Other secured financings 3,608 — 3,608 — 3,608 Customer and other payables 216,018 — 216,018 — 216,018 Borrowings 159,338 — 157,780 4 157,784 Commitment Lending commitments 2 $ 136,241 $ — $ 1,789 $ 1,077 $ 2,866 1. Amounts include loans measured at fair value on a nonrecurring basis. 2. Represents Lending commitments accounted for as Held for Investment and Held for Sale. For a further discussion on lending commitments, see Note 13.

Fair Value Option

Fair Value Option	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Option	Fair Value Option The Firm has elected the fair value option for certain eligible instruments that are risk managed on a fair value basis to mitigate income statement volatility caused by measurement basis differences between the elected instruments and their associated risk management transactions or to eliminate complexities of applying certain accounting models. Borrowings Measured at Fair Value on a Recurring Basis $ in millions At At Business Unit Responsible for Risk Management Equity $ 43,705 $ 38,945 Interest rates 27,791 26,077 Commodities 11,187 10,717 Credit 1,954 1,564 Foreign exchange 1,785 1,417 Total $ 86,422 $ 78,720 Net Revenues from Borrowings under the Fair Value Option Three Months Ended $ in millions 2023 2022 Trading revenues $ (4,378) $ 4,655 Interest expense 108 72 Net revenues 1 $ (4,486) $ 4,583 1. Amounts do not reflect any gains or losses from related economic hedges. Gains (losses) from changes in fair value are recorded in Trading revenues and are mainly attributable to movements in the reference price or index, interest rates or foreign exchange rates. Gains (Losses) Due to Changes in Instrument-Specific Credit Risk Three Months Ended March 31, 2023 2022 $ in millions Trading OCI Trading OCI Loans and other receivables 1 $ (43) $ — $ 24 $ — Lending commitments 11 — — — Deposits — 93 — (7) Borrowings (6) (117) — 878 $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (481) $ (457) 1. Loans and other receivables-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses. Difference Between Contractual Principal and Fair Value 1 $ in millions At At Loans and other receivables 2 $ 11,794 $ 11,916 Nonaccrual loans 2 9,071 9,128 Borrowings 3 4,282 5,203 1. Amounts indicate contractual principal greater than or (less than) fair value. 2. The majority of the difference between principal and fair value amounts for loans and other receivables relates to distressed debt positions purchased at amounts well below par. 3. Excludes borrowings where the repayment of the initial principal amount fluctuates based on changes in a reference price or index. The previous tables exclude non-recourse debt from consolidated VIEs, liabilities related to transfers of financial assets treated as collateralized financings, pledged commodities and other liabilities that have specified assets attributable to them. Fair Value Loans on Nonaccrual Status $ in millions At At Nonaccrual loans $ 504 $ 585 Nonaccrual loans 90 or more days past due 55 116

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Fair Values of Derivative Contracts Assets at March 31, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 14 $ 4 $ — $ 18 Foreign exchange 44 28 — 72 Total 58 32 — 90 Not designated as accounting hedges Economic hedges of loans Credit 1 58 — 59 Other derivatives Interest rate 130,291 27,241 1,574 159,106 Credit 6,952 2,782 — 9,734 Foreign exchange 81,249 2,222 72 83,543 Equity 18,623 — 30,532 49,155 Commodity and other 17,338 — 4,692 22,030 Total 254,454 32,303 36,870 323,627 Total gross derivatives $ 254,512 $ 32,335 $ 36,870 $ 323,717 Amounts offset Counterparty netting (181,978) (29,554) (33,832) (245,364) Cash collateral netting (35,948) (1,982) — (37,930) Total in Trading assets $ 36,586 $ 799 $ 3,038 $ 40,423 Amounts not offset 1 Financial instruments collateral (18,059) — — (18,059) Net amounts $ 18,527 $ 799 $ 3,038 $ 22,364 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 3,076 Liabilities at March 31, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 363 $ — $ — $ 363 Foreign exchange 126 65 — 191 Total 489 65 — 554 Not designated as accounting hedges Economic hedges of loans Credit 10 489 — 499 Other derivatives Interest rate 124,206 25,480 1,010 150,696 Credit 6,659 2,853 — 9,512 Foreign exchange 79,661 2,229 69 81,959 Equity 26,072 — 29,659 55,731 Commodity and other 14,096 — 5,162 19,258 Total 250,704 31,051 35,900 317,655 Total gross derivatives $ 251,193 $ 31,116 $ 35,900 $ 318,209 Amounts offset Counterparty netting (181,978) (29,554) (33,832) (245,364) Cash collateral netting (42,260) (1,556) — (43,816) Total in Trading liabilities $ 26,955 $ 6 $ 2,068 $ 29,029 Amounts not offset 1 Financial instruments collateral (2,008) — (202) (2,210) Net amounts $ 24,947 $ 6 $ 1,866 $ 26,819 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable 5,497 Assets at December 31, 2022 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 62 $ 1 $ — $ 63 Foreign exchange 15 44 — 59 Total 77 45 — 122 Not designated as accounting hedges Economic hedges of loans Credit 2 59 — 61 Other derivatives Interest rate 141,291 29,007 1,029 171,327 Credit 5,888 2,352 — 8,240 Foreign exchange 113,540 2,337 62 115,939 Equity 16,505 — 26,850 43,355 Commodity and other 24,298 — 6,164 30,462 Total 301,524 33,755 34,105 369,384 Total gross derivatives $ 301,601 $ 33,800 $ 34,105 $ 369,506 Amounts offset Counterparty netting (214,773) (32,250) (32,212) (279,235) Cash collateral netting (44,711) (1,348) — (46,059) Total in Trading assets $ 42,117 $ 202 $ 1,893 $ 44,212 Amounts not offset 1 Financial instruments collateral (19,406) — — (19,406) Net amounts $ 22,711 $ 202 $ 1,893 $ 24,806 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 4,318 Liabilities at December 31, 2022 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 457 $ 4 $ — $ 461 Foreign exchange 550 101 — 651 Total 1,007 105 — 1,112 Not designated as accounting hedges Economic hedges of loans Credit 9 368 — 377 Other derivatives Interest rate 135,661 28,581 455 164,697 Credit 5,535 2,390 — 7,925 Foreign exchange 110,322 2,512 104 112,938 Equity 23,138 — 28,193 51,331 Commodity and other 19,631 — 6,748 26,379 Total 294,296 33,851 35,500 363,647 Total gross derivatives $ 295,303 $ 33,956 $ 35,500 $ 364,759 Amounts offset Counterparty netting (214,773) (32,250) (32,212) (279,235) Cash collateral netting (45,884) (1,505) — (47,389) Total in Trading liabilities $ 34,646 $ 201 $ 3,288 $ 38,135 Amounts not offset 1 Financial instruments collateral (2,545) — (1,139) (3,684) Net amounts $ 32,101 $ 201 $ 2,149 $ 34,451 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 6,430 1. Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. See Note 4 for information related to the unsettled fair value of futures contracts not designated as accounting hedges, which are excluded from the previous tables. Notionals of Derivative Contracts Assets at March 31, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 66 $ — $ 66 Foreign exchange 4 1 — 5 Total 4 67 — 71 Not designated as accounting hedges Economic hedges of loans Credit — 2 — 2 Other derivatives Interest rate 3,679 9,530 696 13,905 Credit 214 136 — 350 Foreign exchange 3,803 190 16 4,009 Equity 521 — 390 911 Commodity and other 141 — 66 207 Total 8,358 9,858 1,168 19,384 Total gross derivatives $ 8,362 $ 9,925 $ 1,168 $ 19,455 Liabilities at March 31, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 183 $ — $ 185 Foreign exchange 10 3 — 13 Total 12 186 — 198 Not designated as accounting hedges Economic hedges of loans Credit — 18 — 18 Other derivatives Interest rate 3,975 8,944 432 13,351 Credit 205 136 — 341 Foreign exchange 3,910 147 34 4,091 Equity 542 — 582 1,124 Commodity and other 97 — 87 184 Total 8,729 9,245 1,135 19,109 Total gross derivatives $ 8,741 $ 9,431 $ 1,135 $ 19,307 Assets at December 31, 2022 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 2 $ 62 $ — $ 64 Foreign exchange 2 2 — 4 Total 4 64 — 68 Not designated as accounting hedges Economic hedges of loans Credit — 3 — 3 Other derivatives Interest rate 3,404 7,609 614 11,627 Credit 190 130 — 320 Foreign exchange 3,477 126 15 3,618 Equity 488 — 358 846 Commodity and other 141 — 59 200 Total 7,700 7,868 1,046 16,614 Total gross derivatives $ 7,704 $ 7,932 $ 1,046 $ 16,682 Liabilities at December 31, 2022 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 3 $ 187 $ — $ 190 Foreign exchange 12 2 — 14 Total 15 189 — 204 Not designated as accounting hedges Economic hedges of loans Credit — 15 — 15 Other derivatives Interest rate 3,436 7,761 497 11,694 Credit 199 125 — 324 Foreign exchange 3,516 123 35 3,674 Equity 488 — 552 1,040 Commodity and other 101 — 79 180 Total 7,740 8,024 1,163 16,927 Total gross derivatives $ 7,755 $ 8,213 $ 1,163 $ 17,131 The notional amounts of derivative contracts generally overstate the Firm’s exposure. In most circumstances, notional amounts are used only as a reference point from which to calculate amounts owed between the parties to the contract. Furthermore, notional amounts do not reflect the benefit of legally enforceable netting arrangements or risk mitigating transactions. For a discussion of the Firm’s derivative instruments and hedging activities, see Note 7 to the financial statements in the 2022 Form 10-K. Gains (Losses) on Accounting Hedges Three Months Ended March 31, $ in millions 2023 2022 Fair value hedges—Recognized in Interest income Interest rate contracts $ (372) $ 795 Investment Securities—AFS 381 (751) Fair value hedges—Recognized in Interest expense Interest rate contracts $ 2,284 $ (6,233) Deposits (54) 88 Borrowings (2,240) 6,155 Net investment hedges—Foreign exchange contracts Recognized in OCI $ (89) $ 139 Forward points excluded from hedge effectiveness testing—Recognized in Interest income 43 (41) Cash flow hedges—Interest rate contracts 1 Recognized in OCI $ 7 $ — Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income (1) — Net change in cash flow hedges included within AOCI 8 — 1. For the current quarter ended March 31, 2023, there were no forecasted transactions that failed to occur. The net gains (losses) associated with cash flow hedges expected to be reclassified from AOCI within 12 months as of March 31, 2023 is approximately $(7) million. The maximum length of time over which forecasted cash flows are hedged is 2 years. Fair Value Hedges—Hedged Items $ in millions At At Investment Securities—AFS Amortized cost basis currently or previously hedged $ 34,559 $ 34,073 Basis adjustments included in amortized cost 1 $ (1,152) $ (1,628) Deposits Carrying amount currently or previously hedged $ 6,162 $ 3,735 Basis adjustments included in carrying amount 1 $ (65) $ (119) Borrowings Carrying amount currently or previously hedged $ 147,736 $ 146,025 Basis adjustments included in carrying amount — Outstanding hedges $ (10,510) $ (12,748) Basis adjustments included in carrying amount — Terminated hedges $ (692) $ (715) 1. Hedge accounting basis adjustments are primarily related to outstanding hedges. Gains (Losses) on Economic Hedges of Loans Three Months Ended March 31, $ in millions 2023 2022 Recognized in Other revenues Credit contracts 1 $ (161) $ 51 1. Amounts related to hedges of certain held-for-investment and held-for-sale loans. Net Derivative Liabilities and Collateral Posted $ in millions At At Net derivative liabilities with credit risk-related contingent features $ 18,180 $ 20,287 Collateral posted 13,064 12,268 The previous table presents the aggregate fair value of certain derivative contracts that contain credit risk-related contingent features that are in a net liability position for which the Firm has posted collateral in the normal course of business. Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade $ in millions At One-notch downgrade $ 497 Two-notch downgrade 359 Bilateral downgrade agreements included in the amounts above 1 $ 748 1. Amount represents arrangements between the Firm and other parties where upon the downgrade of one party, the downgraded party must deliver collateral to the other party. These bilateral downgrade arrangements are used by the Firm to manage the risk of counterparty downgrades. The additional collateral or termination payments that may be called in the event of a future credit rating downgrade vary by contract and can be based on ratings by either or both of Moody’s Investors Service, Inc. and S&P Global Ratings. The previous table shows the future potential collateral amounts and termination payments that could be called or required by counterparties or exchange and clearing organizations in the event of one-notch or two-notch downgrade scenarios based on the relevant contractual downgrade triggers. Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at March 31, 2023 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 12 $ 30 $ 33 $ 15 $ 90 Non-investment grade 5 13 17 6 41 Total $ 17 $ 43 $ 50 $ 21 $ 131 Index and basket CDS Investment grade $ 3 $ 9 $ 14 $ 1 $ 27 Non-investment grade 8 21 104 49 182 Total $ 11 $ 30 $ 118 $ 50 $ 209 Total CDS sold $ 28 $ 73 $ 168 $ 71 $ 340 Other credit contracts — — — — — Total credit protection sold $ 28 $ 73 $ 168 $ 71 $ 340 CDS protection sold with identical protection purchased $ 282 Years to Maturity at December 31, 2022 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 12 $ 29 $ 29 $ 9 $ 79 Non-investment grade 5 13 16 2 36 Total $ 17 $ 42 $ 45 $ 11 $ 115 Index and basket CDS Investment grade $ 3 $ 13 $ 37 $ 3 $ 56 Non-investment grade 8 17 108 19 152 Total $ 11 $ 30 $ 145 $ 22 $ 208 Total CDS sold $ 28 $ 72 $ 190 $ 33 $ 323 Other credit contracts — — — — — Total credit protection sold $ 28 $ 72 $ 190 $ 33 $ 323 CDS protection sold with identical protection purchased $ 262 Fair Value Asset (Liability) of Credit Protection Sold 1 $ in millions At At Single-name CDS Investment grade $ 1,168 $ 762 Non-investment grade (722) (808) Total $ 446 $ (46) Index and basket CDS Investment grade $ 924 $ 859 Non-investment grade (2,110) (1,812) Total $ (1,186) $ (953) Total CDS sold $ (740) $ (999) Other credit contracts 6 (1) Total credit protection sold $ (734) $ (1,000) 1. Investment grade/non-investment grade determination is based on the internal credit rating of the reference obligation. Internal credit ratings serve as the CRM’s assessment of credit risk and the basis for a comprehensive credit limits framework used to control credit risk. The Firm uses quantitative models and judgment to estimate the various risk parameters related to each obligor. Protection Purchased with CDS Notional $ in billions At At Single name $ 159 $ 140 Index and basket 181 173 Tranched index and basket 31 26 Total $ 371 $ 339 Fair Value Asset (Liability) $ in millions At At Single name $ (645) $ (33) Index and basket 1,595 1,248 Tranched index and basket (428) (217) Total $ 522 $ 998 The Firm enters into credit derivatives, principally CDS, under which it receives or provides protection against the risk of default on a set of debt obligations issued by a specified reference entity or entities. A majority of the Firm’s counterparties for these derivatives are banks, broker-dealers, and insurance and other financial institutions. The fair value amounts as shown in the previous tables are prior to cash collateral or counterparty netting. For further

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities AFS and HTM Securities At March 31, 2023 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 54,861 $ 31 $ 1,845 $ 53,047 U.S. agency securities 2 25,272 2 2,508 22,766 Agency CMBS 6,020 — 465 5,555 State and municipal securities 1,492 32 22 1,502 FFELP student loan ABS 3 1,093 — 31 1,062 Total AFS securities 88,738 65 4,871 83,932 HTM securities U.S. Treasury securities 27,709 — 1,456 26,253 U.S. agency securities 2 43,343 — 7,885 35,458 Agency CMBS 1,770 — 138 1,632 Non-agency CMBS 1,190 2 116 1,076 Total HTM securities 74,012 2 9,595 64,419 Total investment securities $ 162,750 $ 67 $ 14,466 $ 148,351 At December 31, 2022 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 56,103 $ 17 $ 2,254 $ 53,866 U.S. agency securities 2 23,926 1 2,753 21,174 Agency CMBS 5,998 — 470 5,528 Non-agency CMBS — — — — Corporate bonds — — — — State and municipal securities 2,598 71 42 2,627 FFELP student loan ABS 3 1,147 — 45 1,102 Total AFS securities 89,772 89 5,564 84,297 HTM securities U.S. Treasury securities 28,599 — 1,845 26,754 U.S. agency securities 2 44,038 — 8,487 35,551 Agency CMBS 1,819 — 152 1,667 Non-agency CMBS 1,178 — 144 1,034 Total HTM securities 75,634 — 10,628 65,006 Total investment securities $ 165,406 $ 89 $ 16,192 $ 149,303 1. Amounts are net of any ACL. 2. U.S. agency securities consist mainly of agency mortgage pass-through pool securities, CMOs and agency-issued debt. 3. Underlying loans are backed by a guarantee, ultimately from the U.S. Department of Education, of at least 95% of the principal balance and interest outstanding. AFS Securities in an Unrealized Loss Position At At $ in millions Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses U.S. Treasury securities Less than 12 months $ 22,043 $ 1,078 $ 42,144 $ 1,711 12 months or longer 24,271 767 11,454 543 Total 46,314 1,845 53,598 2,254 U.S. agency securities Less than 12 months 8,293 485 13,662 1,271 12 months or longer 13,505 2,023 7,060 1,482 Total 21,798 2,508 20,722 2,753 Agency CMBS Less than 12 months 5,299 436 5,343 448 12 months or longer 256 29 185 22 Total 5,555 465 5,528 470 State and municipal securities Less than 12 months 231 1 2,106 40 12 months or longer 516 21 65 2 Total 747 22 2,171 42 FFELP student loan ABS Less than 12 months 475 11 627 23 12 months or longer 573 20 476 22 Total 1,048 31 1,103 45 Total AFS securities in an unrealized loss position Less than 12 months 36,341 2,011 63,882 3,493 12 months or longer 39,121 2,860 19,240 2,071 Total $ 75,462 $ 4,871 $ 83,122 $ 5,564 For AFS securities, the Firm believes there are no securities in an unrealized loss position that have credit losses after performing the analysis described in Note 2 in the 2022 Form 10-K and the Firm expects to recover the amortized cost basis of these securities. Additionally, the Firm does not intend to sell these securities and is not likely to be required to sell these securities prior to recovery of the amortized cost basis. As of March 31, 2023 and December 31, 2022, the securities in an unrealized loss position are predominantly investment grade. The HTM securities net carrying amounts at March 31, 2023 and December 31, 2022 reflect an ACL of $30 million and $34 million, respectively, predominantly related to Non-agency CMBS. See Note 2 in the 2022 Form 10-K for a description of the ACL methodology used for HTM Securities. As of March 31, 2023 and December 31, 2022, Non-Agency CMBS HTM securities were predominantly on accrual status and investment grade. See Note 14 for additional information on securities issued by VIEs, including U.S. agency mortgage-backed securities, non-agency CMBS, and FFELP student loan ABS. Investment Securities by Contractual Maturity At March 31, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2,3 AFS securities U.S. Treasury securities: Due within 1 year $ 16,150 $ 15,862 1.0 % After 1 year through 5 years 38,017 36,492 1.3 % After 5 years through 10 years 694 693 3.6 % Total 54,861 53,047 U.S. agency securities: Due within 1 year 23 22 (0.2) % After 1 year through 5 years 422 394 1.5 % After 5 years through 10 years 716 659 1.8 % After 10 years 24,111 21,691 3.1 % Total 25,272 22,766 Agency CMBS: After 1 year through 5 years 1,773 1,676 1.8 % After 5 years through 10 years 2,992 2,823 2.0 % After 10 years 1,255 1,056 1.3 % Total 6,020 5,555 State and municipal securities: Due within 1 year 12 12 3.8 % After 1 year through 5 years 48 49 3.9 % After 5 years through 10 years 88 90 3.8 % After 10 Years 1,344 1,351 3.9 % Total 1,492 1,502 FFELP student loan ABS: After 1 year through 5 years 110 105 5.5 % After 5 years through 10 years 114 109 5.4 % After 10 years 869 848 5.6 % Total 1,093 1,062 Total AFS securities 88,738 83,932 1.9 % At March 31, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2 HTM securities U.S. Treasury securities: Due within 1 year 6,634 6,515 1.8 % After 1 year through 5 years 15,649 14,907 1.9 % After 5 years through 10 years 3,866 3,614 2.4 % After 10 years 1,560 1,217 2.3 % Total 27,709 26,253 U.S. agency securities: After 1 year through 5 years 8 7 1.8 % After 5 years through 10 years 351 326 2.1 % After 10 years 42,984 35,125 1.8 % Total 43,343 35,458 Agency CMBS: Due within 1 year 329 322 0.8 % After 1 year through 5 years 1,136 1,053 1.4 % After 5 years through 10 years 174 150 1.4 % After 10 years 131 107 1.6 % Total 1,770 1,632 Non-agency CMBS: Due within 1 year 198 195 4.0 % After 1 year through 5 years 251 233 4.1 % After 5 years through 10 years 706 617 3.8 % After 10 years 35 31 3.6 % Total 1,190 1,076 Total HTM securities 74,012 64,419 1.9 % Total investment securities 162,750 148,351 1.9 % 1. Amounts are net of any ACL. 2. Annualized average yield is computed using the effective yield, weighted based on the amortized cost of each security. The effective yield is shown pre-tax and excludes the effect of related hedging derivatives. 3. At March 31, 2023, the annualized average yield, including the interest rate swap accrual of related hedges, was 1.0% for AFS securities contractually maturing within 1 year and 2.6% for all AFS securities. Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended $ in millions 2023 2022 Gross realized gains $ 44 $ 126 Gross realized (losses) (3) (82) Total 1 $ 41 $ 44 1. Realized gains and losses are recognized in Other revenues in the income statement.

Collateralized Transactions

Collateralized Transactions	3 Months Ended
	Mar. 31, 2023
Collateralized Agreements [Abstract]
Collateralized Transactions	Collateralized Transactions Offsetting of Certain Collateralized Transactions At March 31, 2023 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 223,056 $ (101,171) $ 121,885 $ (118,330) $ 3,555 Securities borrowed 157,967 (11,751) 146,216 (142,775) 3,441 Liabilities Securities sold under agreements to repurchase $ 161,662 $ (101,171) $ 60,491 $ (56,242) $ 4,249 Securities loaned 27,339 (11,751) 15,588 (15,135) 453 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 3,252 Securities borrowed 620 Securities sold under agreements to repurchase 3,368 Securities loaned 215 At December 31, 2022 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 240,355 $ (126,448) $ 113,907 $ (109,902) $ 4,005 Securities borrowed 145,340 (11,966) 133,374 (128,073) 5,301 Liabilities Securities sold under agreements to repurchase $ 188,982 $ (126,448) $ 62,534 $ (57,395) $ 5,139 Securities loaned 27,645 (11,966) 15,679 (15,199) 480 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 1,696 Securities borrowed 624 Securities sold under agreements to repurchase 3,861 Securities loaned 250 1. Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance. For further discussion of the Firm’s collateralized transactions, see Note 2 and Note 9 to the financial statements in the 2022 Form 10-K. For information related to offsetting of derivatives, see Note 6. Gross Secured Financing Balances by Remaining Contractual Maturity At March 31, 2023 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 63,922 $ 41,521 $ 17,262 $ 38,957 $ 161,662 Securities loaned 14,786 1 987 11,565 27,339 Total included in the offsetting disclosure $ 78,708 $ 41,522 $ 18,249 $ 50,522 $ 189,001 Trading liabilities— 25,112 — — — 25,112 Total $ 103,820 $ 41,522 $ 18,249 $ 50,522 $ 214,113 At December 31, 2022 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 54,551 $ 77,359 $ 20,586 $ 36,486 $ 188,982 Securities loaned 15,150 882 1,984 9,629 27,645 Total included in the offsetting disclosure $ 69,701 $ 78,241 $ 22,570 $ 46,115 $ 216,627 Trading liabilities— 22,880 — — — 22,880 Total $ 92,581 $ 78,241 $ 22,570 $ 46,115 $ 239,507 Gross Secured Financing Balances by Class of Collateral Pledged $ in millions At At Securities sold under agreements to repurchase U.S. Treasury and agency securities $ 46,714 $ 57,761 Other sovereign government obligations 78,048 98,839 Corporate equities 20,250 19,340 Other 16,650 13,042 Total $ 161,662 $ 188,982 Securities loaned Other sovereign government obligations $ 913 $ 862 Corporate equities 25,312 26,289 Other 1,114 494 Total $ 27,339 $ 27,645 Total included in the offsetting disclosure $ 189,001 $ 216,627 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 25,025 $ 22,833 Other 87 47 Total $ 25,112 $ 22,880 Total $ 214,113 $ 239,507 Carrying Value of Assets Loaned or Pledged $ in millions At At $ 34,669 $ 34,524 The Firm pledges certain of its trading assets to collateralize securities sold under agreements to repurchase, securities loaned, other secured financings and derivatives and to cover customer short sales. Counterparties may or may not have the right to sell or repledge the collateral. Pledged financial instruments that can be sold or repledged by the secured party are identified as Trading assets (pledged to various parties) in the balance sheet. Fair Value of Collateral Received with Right to Sell or Repledge $ in millions At At Collateral received with right to sell or repledge $ 681,133 $ 637,941 Collateral that was sold or repledged 1 525,199 486,820 1. Does not include securities used to meet federal regulations for the Firm’s U.S. broker-dealers. The Firm receives collateral in the form of securities in connection with securities purchased under agreements to resell, securities borrowed, securities-for-securities transactions, derivative transactions, customer margin loans and securities-based lending. In many cases, the Firm is permitted to sell or repledge this collateral to secure securities sold under agreements to repurchase, to enter into securities lending and derivative transactions or to deliver to counterparties to cover short positions. Securities Segregated for Regulatory Purposes $ in millions At At Segregated securities 1 $ 28,959 $ 32,254 1. Securities segregated under federal regulations for the Firm’s U.S. broker-dealers are sourced from Securities purchased under agreements to resell and Trading assets in the balance sheet. Customer Margin and Other Lending $ in millions At At Margin and other lending $ 39,354 $ 38,524 The Firm provides margin lending arrangements that allow customers to borrow against the value of qualifying securities. Receivables from these arrangements are included within Customer and other receivables in the balance sheet. Under these arrangements, the Firm receives collateral, which includes U.S. government and agency securities, other sovereign government obligations, corporate and other debt, and corporate equities. Margin loans are collateralized by customer-owned securities held by the Firm. The Firm monitors required margin levels and established credit terms daily and, pursuant to such guidelines, requires customers to deposit additional collateral, or reduce positions, when necessary. For a further discussion of the Firm’s margin lending activities, see Note 9 to the financial statements in the 2022 Form 10-K. Also included in the amounts in the previous table is non-purpose securities-based lending on non-bank entities in the Wealth Management business segment. Other Secured Financings The Firm has additional secured liabilities. For a further discussion of other secured financings, see Note 12.

Loans, Lending Commitments and

Loans, Lending Commitments and Related Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans, Lending Commitments and Related Allowance for Credit Losses	Loans, Lending Commitments and Related Allowance for Credit Losses Loans by Type At March 31, 2023 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 7,435 $ 11,150 $ 18,585 Secured lending facilities 37,187 3,006 40,193 Commercial real estate 8,601 948 9,549 Residential real estate 55,400 25 55,425 Securities-based lending and Other loans 91,897 17 91,914 Total loans 200,520 15,146 215,666 ACL (970) (970) Total loans, net $ 199,550 $ 15,146 $ 214,696 Loans to non-U.S. borrowers, net $ 24,395 At December 31, 2022 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 6,589 $ 10,634 $ 17,223 Secured lending facilities 35,606 3,176 38,782 Commercial real estate 8,515 926 9,441 Residential real estate 54,460 4 54,464 Securities-based lending and Other loans 94,666 48 94,714 Total loans 199,836 14,788 214,624 ACL (839) (839) Total loans, net $ 198,997 $ 14,788 $ 213,785 Loans to non-U.S. borrowers, net $ 23,651 For additional information on the Firm’s held-for-investment and held-for-sale loan portfolios, see Note 10 to the financial statements in the 2022 Form 10-K. Loans by Interest Rate Type At March 31, 2023 At December 31, 2022 $ in millions Fixed Rate Floating or Adjustable Rate Fixed Rate Floating or Adjustable Rate Corporate $ — $ 18,584 $ — $ 17,223 Secured lending facilities — 40,193 — 38,782 Commercial real estate 204 9,346 204 9,237 Residential real estate 25,515 29,909 24,903 29,561 Securities-based lending and Other loans 22,253 69,662 24,077 70,637 Total loans, before ACL $ 47,972 $ 167,694 $ 49,184 $ 165,440 See Note 4 for further information regarding Loans and lending commitments held at fair value. See Note 13 for details of current commitments to lend in the future. Loans Held for Investment before Allowance by Origination Year At March 31, 2023 At December 31, 2022 Corporate $ in millions IG NIG Total IG NIG Total Revolving $ 2,907 $ 4,004 $ 6,911 $ 2,554 $ 3,456 $ 6,010 2023 — 13 13 2022 — 143 143 6 107 113 2021 — 137 137 — 139 139 2020 — 59 59 — 58 58 2019 — 153 153 — 154 154 Prior — 19 19 115 — 115 Total $ 2,907 $ 4,528 $ 7,435 $ 2,675 $ 3,914 $ 6,589 At March 31, 2023 At December 31, 2022 Secured Lending Facilities $ in millions IG NIG Total IG NIG Total Revolving $ 9,338 $ 21,713 $ 31,051 $ 9,445 $ 21,243 $ 30,688 2023 956 255 1,211 2022 1,090 1,489 2,579 1,135 1,336 2,471 2021 257 211 468 254 208 462 2020 — 88 88 — 98 98 2019 60 418 478 60 486 546 Prior 212 1,100 1,312 215 1,126 1,341 Total $ 11,913 $ 25,274 $ 37,187 $ 11,109 $ 24,497 $ 35,606 At March 31, 2023 At December 31, 2022 Commercial Real Estate $ in millions IG NIG Total IG NIG Total Revolving $ — $ 175 $ 175 $ — $ 204 $ 204 2023 — 297 297 2022 388 2,067 2,455 379 2,201 2,580 2021 310 1,554 1,864 239 1,609 1,848 2020 — 739 739 — 728 728 2019 559 1,218 1,777 659 1,152 1,811 Prior 185 1,109 1,294 211 1,133 1,344 Total $ 1,442 $ 7,159 $ 8,601 $ 1,488 $ 7,027 $ 8,515 At March 31, 2023 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 85 $ 30 $ 5 $ 120 $ — $ 120 2023 1,365 293 72 1,514 216 1,730 2022 11,347 2,503 407 13,123 1,134 14,257 2021 11,486 2,467 254 13,240 967 14,207 2020 7,198 1,489 112 8,349 450 8,799 2019 4,151 929 137 4,899 318 5,217 Prior 8,280 2,448 342 10,200 870 11,070 Total $ 43,912 $ 10,159 $ 1,329 $ 51,445 $ 3,955 $ 55,400 At December 31, 2022 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 90 $ 29 $ 5 $ 124 $ — $ 124 2022 11,481 2,533 411 13,276 1,149 14,425 2021 11,604 2,492 257 13,378 975 14,353 2020 7,292 1,501 115 8,452 456 8,908 2019 4,208 946 137 4,968 323 5,291 2018 1,635 447 52 1,965 169 2,134 Prior 6,853 2,072 300 8,492 733 9,225 Total $ 43,163 $ 10,020 $ 1,277 $ 50,655 $ 3,805 $ 54,460 At March 31, 2023 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 73,763 $ 5,988 $ 1,089 $ 80,840 2023 468 138 148 754 2022 1,514 1,115 729 3,358 2021 701 481 295 1,477 2020 — 579 376 955 2019 16 970 545 1,531 Prior 202 1,706 1,074 2,982 Total $ 76,664 $ 10,977 $ 4,256 $ 91,897 December 31, 2022 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 77,115 $ 5,760 $ 1,480 $ 84,355 2022 1,425 1,572 269 3,266 2021 725 525 223 1,473 2020 — 580 418 998 2019 16 913 644 1,573 2018 202 268 304 774 Prior — 1,581 646 2,227 Total $ 79,483 $ 11,199 $ 3,984 $ 94,666 IG—Investment Grade NIG—Non-investment Grade 1. Securities-based loans are subject to collateral maintenance provisions, and at March 31, 2023 and December 31, 2022, these loans are predominantly over-collateralized. For more information on the ACL methodology related to securities-based loans, see Note 2 to the financial statements in the 2022 Form 10-K. 2. Other loans primarily include certain loans originated in the tailored lending business within the Wealth Management business segment. Past Due Loans Held for Investment before Allowance 1 $ in millions At March 31, 2023 At December 31, 2022 Corporate $ 46 $ 112 Secured lending facilities 80 85 Residential real estate 126 158 Securities-based lending and Other loans 19 1 Total $ 271 $ 356 1. The majority of the amounts are past due for a period of greater than 90 days. Nonaccrual Loans Held for Investment before Allowance $ in millions At March 31, 2023 At December 31, 2022 Corporate $ 177 $ 71 Secured lending facilities 89 94 Commercial real estate 353 209 Residential real estate 125 118 Securities-based lending and Other loans 66 10 Total 1 $ 810 $ 502 Nonaccrual loans without an ACL $ 140 $ 117 1. Includes all loans held for investment that are 90 days or more past due as of March 31, 2023 and December 31, 2022. See Note 2 to the financial statements in the 2022 Form 10-K for a description of the ACL calculated under the CECL methodology, including credit quality indicators, used for HFI loans. The Firm may modify the terms of certain loans for economic or legal reasons related to a borrower's financial difficulties, and these modifications include interest rate reductions, principal forgiveness, term extensions and other-than-insignificant payment delays or a combination of these aforementioned modifications. Modified loans are typically evaluated individually for allowance for credit losses. As of March 31, 2023, there were no loans held for investment modified in the current quarter with subsequent default or past due. Modified Loans Held for Investment 1 At March 31, 2023 2 $ in millions Amortized Cost % of Total Loans 3 Term Extension Corporate $ 17 0.2 % Commercial real estate 62 0.7 % Residential real estate 1 — % Total $ 80 Other-than-insignificant Payment Delay Commercial real estate $ 67 0.8 % 1. Lending commitments to borrowers for which the Firm has modified terms of the receivable are $607 million as of March 31, 2023. 2. Loans held for investment that were modified during the current quarter. 3. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. Financial Impact on Modified Loans Held for Investment At March 31, 2023 Term Extension Corporate Added a weighted-average 8 months to the life of modified loans. Commercial real estate Added a weighted-average 2 months to the life of modified loans. Residential real estate Added 4 months to the life of the modified loan. Other-than-insignificant Payment Delay Commercial real estate Provided a forbearance period of 8 months to the borrower of the modified loan. Troubled Debt Restructurings $ in millions At December 31, 2022 Loans, before ACL $ 29 Allowance for credit losses — TDRs included modifications of interest rates, collateral requirements, other loan covenants and payment extensions. See Note 2 to the financial statements in the 2022 Form 10-K for further information on TDRs guidance. The accounting guidance for TDRs was eliminated for the Firm, beginning on January 1, 2023. See Note 2 for further information herein. Gross Charge-offs by Origination Year Three Months Ended March 31, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ (1) $ — $ — $ — $ — $ (1) 2019 — — (29) — (1) (30) Prior — — (40) — — (40) Total $ (1) $ — $ (69) $ — $ (1) $ (71) Allowance for Credit Losses Rollforward and Allocation—Loans $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2022 $ 235 $ 153 $ 275 $ 87 $ 89 $ 839 Gross charge-offs (1) — (69) — (1) (71) Provision (release) 31 — 129 26 15 201 Other — (1) — — 2 1 March 31, 2023 $ 265 $ 152 $ 335 $ 113 $ 105 $ 970 Percent of loans to total loans 1 4 % 18 % 4 % 28 % 46 % 100 % $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2021 $ 165 $ 163 $ 206 $ 60 $ 60 $ 654 Gross charge-offs — (3) (7) — (1) (11) Provision (release) 6 12 6 13 2 39 Other (1) — (2) — — (3) March 31, 2022 $ 170 $ 172 $ 203 $ 73 $ 61 $ 679 Percent of loans to total loans 1 3 % 16 % 5 % 26 % 50 % 100 % CRE—Commercial real estate SBL—Securities-based lending 1. Percent of loans to total loans represents loans held for investment by loan type to total loans held for investment. Allowance for Credit Losses Rollforward—Lending Commitments $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2022 $ 411 $ 51 $ 15 $ 4 $ 23 $ 504 Provision (release) 22 — 7 1 3 33 Other 2 — — — — 2 March 31, 2023 $ 435 $ 51 $ 22 $ 5 $ 26 $ 539 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2021 $ 356 $ 41 $ 20 $ 1 $ 26 $ 444 Provision (release) 20 8 (7) — (3) 18 Other (3) — — — — (3) March 31, 2022 $ 373 $ 49 $ 13 $ 1 $ 23 $ 459 The allowance for credit losses for loans and lending commitments increased in the current quarter, reflecting deterioration in both the macroeconomic outlook and our expectations of commercial real estate borrowers. The base scenario used in our ACL models as of March 31, 2023 was generated using a combination of consensus economic forecasts, forward rates, and internally developed and validated models, and assumes an economic contraction in 2023, followed by a recovery in 2024. Given the nature of our lending portfolio, the most sensitive model input is U.S. gross domestic product (“GDP”). For a further discussion of the Firm’s loans as well as the Firm’s allowance methodology, refer to Notes 2 and 10 to the financial statements in the 2022 Form 10-K. Selected Credit Ratios At At ACL for loans to total HFI loans 0.5 % 0.4 % Nonaccrual HFI loans to total HFI loans 1 0.4 % 0.3 % ACL for loans to nonaccrual HFI loans 119.8 % 167.1 % 1. These loans are on nonaccrual status because the loans were past due for a period of 90 days or more or payment of principal or interest was in doubt. Employee Loans $ in millions At At Currently employed by the Firm 1 $ 4,065 $ 4,023 No longer employed by the Firm 2 105 97 Employee loans $ 4,170 $ 4,120 ACL (138) (139) Employee loans, net of ACL $ 4,032 $ 3,981 Remaining repayment term, weighted average in years 5.8 5.8 1. These loans are predominantly current. 2. These loans are predominantly past due for a period of 90 days or more. Employee loans are granted in conjunction with a program established primarily to recruit certain Wealth Management financial advisors, are full recourse and generally require periodic repayments, and are due in full upon termination of employment with the Firm. These loans are recorded in Customer and other receivables in the balance sheet. See Note 2 to the financial statements in the 2022 Form 10-K for a description of the CECL allowance methodology, including credit quality indicators, for employee loans.

Other Assets - Equity Method In

Other Assets - Equity Method Investments	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Other Assets - Equity Method Investments	Other Assets—Equity Method Investments Equity Method Investments $ in millions At At Investments $ 1,962 $ 1,927 Three Months Ended $ in millions 2023 2022 Income (loss) $ 25 $ 6 Equity method investments, other than investments in certain fund interests, are summarized above and are included in Other assets in the balance sheet with related income or loss included in Other revenues in the income statement. See “Net Asset Value Measurements—Fund Interests” in Note 4 for the carrying value of certain of the Firm’s fund interests, which are composed of general and limited partnership interests, as well as any related carried interest. Japanese Securities Joint Venture Three Months Ended $ in millions 2023 2022 Income (loss) from investment in MUMSS $ 29 $ 4

Deposits

Deposits	3 Months Ended
	Mar. 31, 2023
Deposits [Abstract]
Deposits	Deposits Deposits $ in millions At At Savings and demand deposits $ 298,330 $ 319,948 Time deposits 49,193 36,698 Total $ 347,523 $ 356,646 Deposits subject to FDIC insurance $ 263,420 $ 260,420 Deposits not subject to FDIC insurance $ 84,103 $ 96,226 Time Deposit Maturities $ in millions At 2023 $ 22,647 2024 15,815 2025 5,204 2026 1,982 2027 1,847 Thereafter 1,698 Total $ 49,193

Borrowings and Other Secured Fi

Borrowings and Other Secured Financings	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Borrowings and Other Secured Financings	Borrowings and Other Secured Financings Borrowings $ in millions At At Original maturities of one year or less $ 4,587 $ 4,191 Original maturities greater than one year Senior $ 231,205 $ 221,667 Subordinated 14,390 12,200 Total $ 245,595 $ 233,867 Total borrowings $ 250,182 $ 238,058 Weighted average stated maturity, in years 1 6.7 6.7 1. Only includes borrowings with original maturities greater than one year. Other Secured Financings $ in millions At At Original maturities: One year or less $ 980 $ 944 Greater than one year 7,690 7,214 Total $ 8,670 $ 8,158 Transfers of assets accounted for as secured financings $ 1,138 $ 1,119 Other secured financings include the liabilities related to collateralized notes, transfers of financial assets that are accounted for as financings rather than sales and consolidated VIEs where the Firm is deemed to be the primary beneficiary. These liabilities are generally payable from the cash flows of the related assets accounted for as Trading assets. See Note 14 for further information on other secured financings related to VIEs and securitization activities.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingencies	Commitments, Guarantees and Contingencies Commitments Years to Maturity at March 31, 2023 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 16,630 $ 26,698 $ 57,883 $ 1,819 $ 103,030 Secured lending facilities 7,379 5,943 2,884 1,027 17,233 Commercial and Residential real estate 171 201 19 336 727 Securities-based lending and Other 13,175 4,995 414 522 19,106 Forward-starting secured financing receivables 1 70,011 — — — 70,011 Central counterparty 300 — — 7,255 7,555 Underwriting 300 — — — 300 Investment activities 1,313 290 118 356 2,077 Letters of credit and other financial guarantees 107 35 — 8 150 Total $ 109,386 $ 38,162 $ 61,318 $ 11,323 $ 220,189 Lending commitments participated to third parties $ 7,509 1. Forward-starting secured financing receivables are generally settled within three business days. Since commitments associated with these instruments may expire unused, the amounts shown do not necessarily reflect the actual future cash funding requirements. For a further description of these commitments, refer to Note 15 to the financial statements in the 2022 Form 10-K. Guarantees At March 31, 2023 Maximum Potential Payout/Notional of Obligations by Years to Maturity Carrying Amount Asset (Liability) $ in millions Less than 1 1-3 3-5 Over 5 Non-credit derivatives 1 $ 1,418,449 $ 1,132,093 $ 347,086 $ 692,818 $ (60,437) Standby letters of credit and other financial guarantees issued 2 1,634 635 1,389 2,676 (6) Market value guarantees 2 — — — — Liquidity facilities 2,593 — — — (2) Whole loan sales guarantees — 52 34 23,079 — Securitization representations and warranties 3 — — — 78,695 (3) General partner guarantees 364 30 143 37 (87) Client clearing guarantees 45 — — — — 1. The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. For further information on derivatives contracts, see Note 6. 2. These amounts include certain issued standby letters of credit participated to third parties, totaling $0.6 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of March 31, 2023, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $77 million. 3. Related to commercial and residential mortgage securitizations. The Firm has obligations under certain guarantee arrangements, including contracts and indemnification agreements, that contingently require the Firm to make payments to the guaranteed party based on changes in an underlying measure (such as an interest or foreign exchange rate, security or commodity price, an index, or the occurrence or non-occurrence of a specified event) related to an asset, liability or equity security of a guaranteed party. Also included as guarantees are contracts that contingently require the Firm to make payments to the guaranteed party based on another entity’s failure to perform under an agreement, as well as indirect guarantees of the indebtedness of others. For more information on the nature of the obligations and related business activities for our guarantees, see Note 15 to the financial statements in the 2022 Form 10-K. Other Guarantees and Indemnities In the normal course of business, the Firm provides guarantees and indemnifications in a variety of transactions. These provisions generally are standard contractual terms. Certain of these guarantees and indemnifications related to indemnities, exchange and clearinghouse member guarantees and merger and acquisition guarantees are described in Note 15 to the financial statements in the 2022 Form 10-K. In addition, in the ordinary course of business, the Firm guarantees the debt and/or certain trading obligations (including obligations associated with derivatives, foreign exchange contracts and the settlement of physical commodities) of certain subsidiaries. These guarantees generally are entity or product specific and are required by investors or trading counterparties. The activities of the Firm’s subsidiaries covered by these guarantees (including any related debt or trading obligations) are included in the financial statements. Finance Subsidiary The Parent Company fully and unconditionally guarantees the securities issued by Morgan Stanley Finance LLC, a wholly owned finance subsidiary. No other subsidiary of the Parent Company guarantees these securities. Contingencies Legal In addition to the matters described below, in the normal course of business, the Firm has been named, from time to time, as a defendant in various legal actions, including arbitrations, class actions and other litigation, arising in connection with its activities as a global diversified financial services institution. Certain of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. In some cases, the entities that would otherwise be the primary defendants in such cases are bankrupt or are in financial distress. These actions have included, but are not limited to, antitrust claims, claims under various false claims act statutes, and matters arising from our sales and trading businesses, and our activities in the capital markets. The Firm is also involved, from time to time, in other reviews, investigations and proceedings (both formal and informal) by governmental and self-regulatory agencies regarding the Firm’s business, and involving, among other matters, sales, trading, financing, prime brokerage, market-making activities, investment banking advisory services, capital market activities, financial products or offerings sponsored, underwritten or sold by the Firm, wealth and investment management services, and accounting and operational matters, certain of which may result in adverse judgments, settlements, fines, penalties, injunctions, limitations on our ability to conduct certain business, or other relief. While the Firm has identified below any individual proceedings or investigations where the Firm believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or those where potential losses have not yet been determined to be probable or possible and reasonably estimable. The Firm contests liability and/or the amount of damages as appropriate in each pending matter. Where available information indicates that it is probable a liability had been incurred at the date of the financial statements and the Firm can reasonably estimate the amount of that loss, the Firm accrues the estimated loss by a charge to income. Three Months Ended $ in millions 2023 2022 Legal expenses $ 151 $ 84 The Firm’s legal expenses can, and may in the future, fluctuate from period to period, given the current environment regarding government investigations and private litigation affecting global financial services firms, including the Firm. In many proceedings and investigations, however, it is inherently difficult to determine whether any loss is probable or even possible or to estimate the amount of any loss. In addition, even where a loss is possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss, particularly for proceedings and investigations where the factual record is being developed or contested or where plaintiffs or government entities seek substantial or indeterminate damages, restitution, disgorgement or penalties. Numerous issues may need to be resolved before a loss or additional loss, or range of loss or additional range of loss, can be reasonably estimated for a proceeding or investigation, including through potentially lengthy discovery and determination of important factual matters, determination of issues related to class certification and the calculation of damages or other relief, and consideration of novel or unsettled legal questions relevant to the proceedings or investigations in question. For certain other legal proceedings and investigations, the Firm can estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued but does not believe, based on current knowledge and after consultation with counsel, that such losses could have a material adverse effect on the Firm’s financial statements as a whole, other than the matter referred to in the following paragraph. Tax In matters styled Case number 15/3637 and Case number 15/4353 , the Dutch Tax Authority (“Dutch Authority”) is challenging in the Dutch courts the prior set-off by the Firm of approximately €124 million (approximately $135 million) plus accrued interest of withholding tax credits against the Firm’s corporation tax liabilities for the tax years 2007 to 2012. The Dutch Authority alleges that the Firm was not entitled to receive the withholding tax credits on the basis, inter alia, that a Firm subsidiary did not hold legal title to certain securities subject to withholding tax on the relevant dates. The Dutch Authority has also alleged that the Firm failed to provide certain information to the Dutch Authority and to keep adequate books and records. On April 26, 2018, the District Court in Amsterdam issued a decision dismissing the Dutch Authority’s claims with respect to certain of the tax years in dispute. On May 12, 2020, the Court of Appeal in Amsterdam granted the Dutch Authority’s appeal in matters re-styled Case number 18/00318 and Case number 18/00319 . On June 22, 2020, the Firm filed an appeal against the decision of the Court of Appeal in Amsterdam before the Dutch High Court. On January 29, 2021, the Advocate General of the Dutch High Court issued an advisory opinion on the Firm’s appeal, which rejected the Firm’s principal grounds of appeal. On February 11, 2021, the Firm and the Dutch Authority each responded to this opinion. On June 22, 2021, Dutch criminal authorities sought various documents in connection with an investigation of the Firm related to the civil claims asserted by the Dutch Authority concerning the accuracy of the Firm subsidiary’s tax returns and the maintenance of its books and records for 2007 to 2012. The Dutch criminal authorities have requested additional information, and the Firm is continuing to respond to them in connection with their ongoing investigation. For certain other legal proceedings and investigations including the following matter, the Firm can estimate probable losses but does not believe, based on current knowledge and after consultation with counsel, that additional loss in excess of amounts accrued could have a material adverse effect on the Firm’s financial statements as a whole. Antitrust Related Matter In August of 2017, the Firm was named as a defendant in a purported antitrust class action in the United States District Court for the SDNY styled Iowa Public Employees’ Retirement System et al. v. Bank of America Corporation et al. Plaintiffs allege, inter alia, that the Firm, together with a number of other financial institution defendants, violated U.S. antitrust laws and New York state law in connection with their alleged efforts to prevent the development of electronic exchange-based platforms for securities lending. The class action complaint was filed on behalf of a purported class of borrowers and lenders who entered into stock loan transactions with the defendants. The class action complaint seeks, among other relief, certification of the class of plaintiffs and treble damages. On September 27, 2018, the court denied the defendants’ motion to dismiss the class action complaint. Plaintiffs’ motion for class certification was referred by the District Court to a magistrate judge who, on June 30, 2022, issued a report and recommendation that the District Court certify a class. The motion for class certification and the parties’ objections to the report and recommendation are pending before the District Court.

Variable Interest Entities and

Variable Interest Entities and Securitization Activities	3 Months Ended
	Mar. 31, 2023
Variable Interest Entities and Securitization Activities [Abstract]
Variable Interest Entities and Securitization Activities	Variable Interest Entities and Securitization Activities Consolidated VIE Assets and Liabilities by Type of Activity At March 31, 2023 At December 31, 2022 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities MABS 1 $ 944 $ 659 $ 1,153 $ 520 Investment vehicles 2 634 272 638 272 MTOB 664 614 371 322 Other 572 199 519 199 Total $ 2,814 $ 1,744 $ 2,681 $ 1,313 MTOB—Municipal tender option bonds 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets and may be in loan or security form. The value of assets is determined based on the fair value of the liabilities and the interests owned by the Firm in such VIEs as the fair values for the liabilities and interests owned are more observable. 2. Amounts include investment funds and CLOs. Consolidated VIE Assets and Liabilities by Balance Sheet Caption $ in millions At At Assets Cash and cash equivalents $ 141 $ 142 Trading assets at fair value 1,885 2,066 Investment securities 577 255 Securities purchased under agreements to resell 200 200 Customer and other receivables 9 16 Other assets 2 2 Total $ 2,814 $ 2,681 Liabilities Other secured financings $ 1,618 $ 1,185 Other liabilities and accrued expenses 122 124 Borrowings 4 4 Total $ 1,744 $ 1,313 Noncontrolling interests $ 75 $ 71 Consolidated VIE assets and liabilities are presented in the previous tables after intercompany eliminations. Generally, most assets owned by consolidated VIEs cannot be removed unilaterally by the Firm and are not available to the Firm while the related liabilities issued by consolidated VIEs are non-recourse to the Firm. However, in certain consolidated VIEs, the Firm either has the unilateral right to remove assets or provides additional recourse through derivatives such as total return swaps, guarantees or other forms of involvement. In general, the Firm’s exposure to loss in consolidated VIEs is limited to losses that would be absorbed on the VIE net assets recognized in its financial statements, net of amounts absorbed by third-party variable interest holders. Non-consolidated VIEs At March 31, 2023 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 132,049 $ 926 $ 3,688 $ 2,619 $ 52,661 Maximum exposure to loss 3 Debt and equity interests $ 16,917 $ 74 $ — $ 1,749 $ 11,751 Derivative and other contracts — — 2,593 — 5,615 Commitments, guarantees and other 1,290 — — — 892 Total $ 18,207 $ 74 $ 2,593 $ 1,749 $ 18,258 Carrying value of variable interests—Assets Debt and equity interests $ 16,917 $ 74 $ — $ 1,558 $ 11,751 Derivative and other contracts — — 3 — 1,731 Total $ 16,917 $ 74 $ 3 $ 1,558 $ 13,482 Additional VIE assets owned 4 $ 14,419 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 5 $ — $ 306 At December 31, 2022 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 123,601 $ 3,162 $ 4,632 $ 2,403 $ 50,178 Maximum exposure to loss 3 Debt and equity interests $ 13,104 $ 274 $ — $ 1,694 $ 11,596 Derivative and other contracts — — 3,200 — 5,211 Commitments, guarantees and other 674 — — — 1,410 Total $ 13,778 $ 274 $ 3,200 $ 1,694 $ 18,217 Carrying value of variable interests – Assets Debt and equity interests $ 13,104 $ 274 $ — $ 1,577 $ 11,596 Derivative and other contracts — — 3 — 1,564 Total $ 13,104 $ 274 $ 3 $ 1,577 $ 13,160 Additional VIE assets owned 4 $ 13,708 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 3 $ — $ 281 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets, and may be in loan or security form. 2. Other primarily includes exposures to commercial real estate property and investment funds. 3. Where notional amounts are utilized in quantifying the maximum exposure related to derivatives, such amounts do not reflect changes in fair value recorded by the Firm. 4. Additional VIE assets owned represents the carrying value of total exposure to non-consolidated VIEs for which the maximum exposure to loss is less than specific thresholds, primarily interests issued by securitization SPEs. The Firm’s maximum exposure to loss generally equals the fair value of the assets owned. These assets are primarily included in Trading assets and Investment securities and are measured at fair value (see Note 4). The Firm does not provide additional support in these transactions through contractual facilities, guarantees or similar derivatives. The previous tables include VIEs sponsored by unrelated parties, as well as VIEs sponsored by the Firm; examples of the Firm’s involvement with these VIEs include its secondary market-making activities and the securities held in its Investment securities portfolio (see Note 7). The Firm’s maximum exposure to loss is dependent on the nature of the Firm’s variable interest in the VIE and is limited to the notional amounts of certain liquidity facilities and other credit support, total return swaps and written put options, as well as the fair value of certain other derivatives and investments the Firm has made in the VIE. The Firm’s maximum exposure to loss in the previous tables does not include the offsetting benefit of hedges or any reductions associated with the amount of collateral held as part of a transaction with the VIE or any party to the VIE directly against a specific exposure to loss. Liabilities issued by VIEs generally are non-recourse to the Firm. Detail of Mortgage- and Asset-Backed Securitization Assets At March 31, 2023 At December 31, 2022 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 16,999 $ 2,441 $ 20,428 $ 2,570 Commercial mortgages 69,821 4,594 67,540 4,236 U.S. agency collateralized mortgage obligations 39,959 5,959 32,567 4,729 Other consumer or commercial loans 5,270 3,923 3,066 1,569 Total $ 132,049 $ 16,917 $ 123,601 $ 13,104 Transferred Assets with Continuing Involvement At March 31, 2023 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 4,095 $ 72,848 $ 7,061 $ 10,689 Retained interests Investment grade $ 138 $ 888 $ 424 $ — Non-investment grade 81 512 — 42 Total $ 219 $ 1,400 $ 424 $ 42 Interests purchased in the secondary market 3 Investment grade $ 17 $ 49 $ 10 $ — Non-investment grade 6 16 — — Total $ 23 $ 65 $ 10 $ — Derivative assets $ — $ — $ — $ 1,151 Derivative liabilities — — — 288 At December 31, 2022 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 3,732 $ 73,069 $ 6,448 $ 10,928 Retained interests Investment grade $ 137 $ 927 $ 367 $ — Non-investment grade 26 465 11 44 Total $ 163 $ 1,392 $ 378 $ 44 Interests purchased in the secondary market 3 Investment grade $ 82 $ 51 $ 10 $ — Non-investment grade 35 23 — — Total $ 117 $ 74 $ 10 $ — Derivative assets $ — $ — $ — $ 1,114 Derivative liabilities — — — 201 Fair Value At March 31, 2023 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 561 $ — $ 561 Non-investment grade 17 51 68 Total $ 578 $ 51 $ 629 Interests purchased in the secondary market 3 Investment grade $ 74 $ 2 $ 76 Non-investment grade 13 9 22 Total $ 87 $ 11 $ 98 Derivative assets $ 1,151 $ — $ 1,151 Derivative liabilities 288 — 288 Fair Value at December 31, 2022 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 489 $ — $ 489 Non-investment grade 25 16 41 Total $ 514 $ 16 $ 530 Interests purchased in the secondary market 3 Investment grade $ 140 $ 3 $ 143 Non-investment grade 42 16 58 Total $ 182 $ 19 $ 201 Derivative assets $ 1,114 $ — $ 1,114 Derivative liabilities 153 48 201 RML—Residential mortgage loans CML—Commercial mortgage loans 1. Amounts include CLO transactions managed by unrelated third parties. 2. Amounts include assets transferred by unrelated transferors. 3. Amounts are only included for transactions where the Firm also holds retained interests as part of the transfer. The previous tables include transactions with SPEs in which the Firm, acting as principal, transferred financial assets with continuing involvement and received sales treatment. The transferred assets are carried at fair value prior to securitization, and any changes in fair value are recognized in the income statement. The Firm may act as underwriter of the beneficial interests issued by these securitization vehicles, for which Investment banking revenues are recognized. The Firm may retain interests in the securitized financial assets as one or more tranches of the securitization. Certain retained interests are carried at fair value in the balance sheet with changes in fair value recognized in the income statement. Fair value for these interests is measured using techniques that are consistent with the valuation techniques applied to the Firm’s major categories of assets and liabilities as described in Note 2 in the 2022 Form 10-K and Note 4 herein. Further, as permitted by applicable guidance, certain transfers of assets where the Firm’s only continuing involvement is a derivative are only reported in the following Assets Sold with Retained Exposure table. Proceeds from New Securitization Transactions and Sales of Loans Three Months Ended $ in millions 2023 2022 New transactions 1 $ 2,521 $ 8,260 Retained interests 1,575 1,622 Sales of corporate loans to CLO SPEs 1, 2 — 4 1. Net gains on new transactions and sales of corporate loans to CLO entities at the time of the sale were not material for all periods presented. 2. Sponsored by non-affiliates. The Firm has provided, or otherwise agreed to be responsible for, representations and warranties regarding certain assets transferred in securitization transactions sponsored by the Firm (see Note 13). Assets Sold with Retained Exposure $ in millions At At Gross cash proceeds from sale of assets 1 $ 49,167 $ 49,059 Fair value Assets sold $ 49,824 $ 47,281 Derivative assets recognized in the balance sheet 885 116 Derivative liabilities recognized in the balance sheet 228 1,893 1. The carrying value of assets derecognized at the time of sale approximates gross cash proceeds. The Firm enters into transactions in which it sells securities, primarily equities, and contemporaneously enters into bilateral OTC derivatives with the purchasers of the securities, through which it retains exposure to the sold securities. For a discussion of the Firm’s VIEs, the determination and structure of VIEs and securitization activities, see Note 16 to the financial statements in the 2022 Form 10-K.

Regulatory Requirements

Regulatory Requirements	3 Months Ended
	Mar. 31, 2023
Broker-Dealer [Abstract]
Regulatory Requirements	Regulatory Requirements Regulatory Capital Framework and Requirements For a discussion of the Firm’s regulatory capital framework, see Note 17 to the financial statements in the 2022 Form 10-K. The Firm is required to maintain minimum risk-based and leverage-based capital ratios under regulatory capital requirements. A summary of the calculations of regulatory capital and RWA follows. Risk-Based Regulatory Capital. Risk-based capital ratio requirements apply to Common Equity Tier 1 capital, Tier 1 capital and Total capital (which includes Tier 2 capital), each as a percentage of RWA, and consist of regulatory minimum required ratios plus the Firm’s capital buffer requirement. Capital requirements require certain adjustments to, and deductions from, capital for purposes of determining these ratios. At March 31, 2023 and December 31, 2022, the differences between the actual and required ratios were lower under the Standardized Approach. CECL Deferral. Beginning on January 1, 2020, the Firm elected to defer the effect of the adoption of CECL on its risk-based and leverage-based capital amounts and ratios, as well as RWA, adjusted average assets and supplementary leverage exposure calculations, over a five-year transition period. The deferral impacts began to phase in at 25% per year from January 1, 2022 and are phased-in at 50% from January 1, 2023. The deferral impacts will become fully phased-in beginning on January 1, 2025. Capital Buffer Requirements At March 31, 2023 and December 31, 2022 Standardized Advanced Capital buffers Capital conservation buffer — 2.5% SCB 5.8% N/A G-SIB capital surcharge 3.0% 3.0% CCyB 1 0% 0% Capital buffer requirement 8.8% 5.5% 1. The CCyB can be set up to 2.5%, but is currently set by the Federal Reserve at zero. The capital buffer requirement represents the amount of Common Equity Tier 1 capital the Firm must maintain above the minimum risk-based capital requirements in order to avoid restrictions on the Firm’s ability to make capital distributions, including the payment of dividends and the repurchase of stock, and to pay discretionary bonuses to executive officers. The Firm’s capital buffer requirement computed under the standardized approaches for calculating credit risk and market risk RWA (“Standardized Approach”) is equal to the sum of the SCB, G-SIB capital surcharge and CCyB, and the capital buffer requirement computed under the applicable advanced approaches for calculating credit risk, market risk and opeational risk RWA (“Advanced Approach”) is equal to the 2.5% capital conservation buffer, G-SIB capital surcharge and CCyB. Risk-Based Regulatory Capital Ratio Requirements Regulatory Minimum At March 31, 2023 and December 31, 2022 Standardized Advanced Required ratios 1 Common Equity Tier 1 capital ratio 4.5 % 13.3% 10.0% Tier 1 capital ratio 6.0 % 14.8% 11.5% Total capital ratio 8.0 % 16.8% 13.5% 1. Required ratios represent the regulatory minimum plus the capital buffer requirement. The Firm’s Regulatory Capital and Capital Ratios $ in millions Required 1 At March 31, At December 31, 2022 Risk-based capital Common Equity Tier 1 capital $ 69,454 $ 68,670 Tier 1 capital 77,947 77,191 Total capital 89,794 86,575 Total RWA 459,107 447,849 Common Equity Tier 1 capital ratio 13.3 % 15.1 % 15.3 % Tier 1 capital ratio 14.8 % 17.0 % 17.2 % Total capital ratio 16.8 % 19.6 % 19.3 % $ in millions Required Ratio 1 At March 31, At December 31, 2022 Leverage-based capital Adjusted average assets 2 $ 1,168,328 $ 1,150,772 Tier 1 leverage ratio 4.0 % 6.7 % 6.7 % Supplementary leverage exposure 3 $ 1,422,808 $ 1,399,403 SLR 5.0 % 5.5 % 5.5 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. 2. Adjusted average assets represents the denominator of the Tier 1 leverage ratio and is composed of the average daily balance of consolidated on-balance sheet assets for the quarters ending on the respective balance sheet dates, reduced by disallowed goodwill, intangible assets, investments in covered funds, defined benefit pension plan assets, after-tax gain on sale from assets sold into securitizations, investments in the Firm’s own capital instruments, certain defined tax assets and other capital deductions. 3. Supplementary leverage exposure is the sum of Adjusted average assets used in the Tier 1 leverage ratio and other adjustments, primarily: (i) for derivatives, potential future exposure and the effective notional principal amount of sold credit protection, offset by qualifying purchased credit protection; (ii) the counterparty credit risk for repo-style transactions; and (iii) the credit equivalent amount for off-balance sheet exposures. U.S. Bank Subsidiaries’ Regulatory Capital and Capital Ratios The OCC establishes capital requirements for the U.S. Bank Subsidiaries, and evaluates their compliance with such capital requirements. Regulatory capital requirements for the U.S. Bank Subsidiaries are calculated in a similar manner to the Firm’s regulatory capital requirements, although G-SIB capital surcharge and SCB requirements do not apply to the U.S. Bank Subsidiaries. The OCC’s regulatory capital framework includes Prompt Corrective Action (“PCA”) standards, including “well-capitalized” PCA standards that are based on specified regulatory capital ratio minimums. For the Firm to remain an FHC, its U.S. Bank Subsidiaries must remain well-capitalized in accordance with the OCC’s PCA standards. In addition, failure by the U.S. Bank Subsidiaries to meet minimum capital requirements may result in certain mandatory and discretionary actions by regulators that, if undertaken, could have a direct material effect on the U.S. Bank Subsidiaries’ and the Firm’s financial statements. At March 31, 2023 and December 31, 2022, MSBNA and MSPBNA risk-based capital ratios are based on the Standardized Approach rules. Beginning on January 1, 2020, MSBNA and MSPBNA elected to defer the effect of the adoption of CECL on risk-based capital amounts and ratios, as well as RWA, adjusted average assets and supplementary leverage exposure calculations, over a five-year transition period. The deferral impacts began to phase in at 25% per year from January 1, 2022 and are phased-in at 50% from January 1, 2023. The deferral impacts will become fully phased-in beginning on January 1, 2025. MSBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At March 31, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 21,485 21.5 % $ 20,043 20.5 % Tier 1 capital 8.0 % 8.5 % 21,485 21.5 % 20,043 20.5 % Total capital 10.0 % 10.5 % 22,221 22.3 % 20,694 21.1 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 21,485 10.5 % $ 20,043 10.1 % SLR 6.0 % 3.0 % 21,485 8.3 % 20,043 8.1 % MSPBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At March 31, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 16,321 28.3 % $ 15,546 27.5 % Tier 1 capital 8.0 % 8.5 % 16,321 28.3 % 15,546 27.5 % Total capital 10.0 % 10.5 % 16,521 28.6 % 15,695 27.8 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 16,321 8.1 % $ 15,546 7.6 % SLR 6.0 % 3.0 % 16,321 7.8 % 15,546 7.4 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. Failure to maintain the buffers would result in restrictions on the ability to make capital distributions, including the payment of dividends. Additionally, MSBNA is conditionally registered with the SEC as a security-based swap dealer and is provisionally registered with the CFTC as a swap dealer. However, as MSBNA is prudentially regulated as a bank, its capital requirements continue to be determined by the OCC. Other Regulatory Capital Requirements MS&Co. Regulatory Capital $ in millions At March 31, At December 31, Net capital $ 17,616 $ 17,224 Excess net capital 13,134 12,861 MS&Co. is registered as a broker-dealer and a futures commission merchant with the SEC and the CFTC, respectively, and provisionally registered as a swap dealer with the CFTC. As an Alternative Net Capital broker-dealer, and in accordance with Securities Exchange Act of 1934 (“Exchange Act”) Rule 15c3-1, Appendix E, MS&Co. is subject to minimum net capital and tentative net capital requirements and operates with capital in excess of its regulatory capital requirements. As a futures commission merchant and provisionally-registered swap dealer, MS&Co. is subject to CFTC capital requirements. In addition, MS&Co. must notify the SEC if its tentative net capital falls below certain levels. At March 31, 2023 and December 31, 2022, MS&Co. exceeded its net capital requirement and had tentative net capital in excess of the minimum and notification requirements. Other Regulated Subsidiaries Certain subsidiaries are also subject to various regulatory capital requirements. Such subsidiaries include the following, each of which operated with capital in excess of their respective regulatory capital requirements as of March 31, 2023 and December 31, 2022, as applicable: • MSSB, • MSIP, • MSESE, • MSMS, • MSCS, • MSCG, and • E*TRADE Securities LLC. MSESE is subject to stand-alone capital requirements beginning on January 1, 2023. Previously, requirements were met at the consolidated level of the MSEHSE Group. See Note 17 to the financial statements in the 2022 Form 10-K for further information.

Total Equity

Total Equity	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Total Equity	Total Equity Preferred Stock Shares Outstanding Carrying Value $ in millions, except per share data At Liquidation At At Series A 44,000 $ 25,000 $ 1,100 $ 1,100 C 1 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 I 40,000 25,000 1,000 1,000 K 40,000 25,000 1,000 1,000 L 20,000 25,000 500 500 M 400,000 1,000 430 430 N 3,000 100,000 300 300 O 52,000 25,000 1,300 1,300 P 40,000 25,000 1,000 1,000 Total $ 8,750 $ 8,750 Shares authorized 30,000,000 1. Series C preferred stock is held by MUFG. For a description of Series A through Series P preferred stock, see Note 18 to the financial statements in the 2022 Form 10-K. The Firm’s preferred stock has a preference over its common stock upon liquidation. The Firm’s preferred stock qualifies as and is included in Tier 1 capital in accordance with regulatory capital requirements (see Note 15). Share Repurchases Three Months Ended March 31, $ in millions 2023 2022 Repurchases of common stock under the Firm’s Share Repurchase Authorization $ 1,500 $ 2,872 On June 27, 2022, the Firm announced that its Board of Directors approved a new multi-year repurchase authorization of up to $20 billion of outstanding common stock, without a set expiration date, beginning in the third quarter of 2022, which will be exercised from time to time as conditions warrant. For more information on share repurchases, see Note 18 to the financial statements in the 2022 Form 10-K. Common Shares Outstanding for Basic and Diluted EPS Three Months Ended in millions 2023 2022 Weighted average common shares outstanding, basic 1,645 1,733 Effect of dilutive RSUs and PSUs 18 22 Weighted average common shares outstanding and common stock equivalents, diluted 1,663 1,755 Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) 4 5 Dividends $ in millions, except per Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 343 $ 15 $ 242 $ 11 C 25 13 25 13 E 445 15 445 15 F 430 14 430 14 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 3 2,650 8 2,650 8 O 4 266 14 266 14 P 406 16 — — Total Preferred stock $ 144 $ 124 Common stock $ 0.775 $ 1,305 $ 0.700 $ 1,252 1. Common and Preferred Stock dividends are payable quarterly unless otherwise noted. 2. Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly. 3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly. 4. Series O is payable semiannually until January 15, 2027 and thereafter will be payable quarterly. Accumulated Other Comprehensive Income (Loss) 1 $ in millions CTA AFS Securities Pension and Other DVA Cash Flow Hedges Total December 31, 2022 $ (1,204) $ (4,192) $ (508) $ (345) $ (4) $ (6,253) OCI during the period 32 512 (1) (8) 7 542 March 31, 2023 $ (1,172) $ (3,680) $ (509) $ (353) $ 3 $ (5,711) December 31, 2021 $ (1,002) $ 245 $ (551) $ (1,794) $ — $ (3,102) OCI during the period (48) (2,395) 5 638 — (1,800) March 31, 2022 $ (1,050) $ (2,150) $ (546) $ (1,156) $ — $ (4,902) 1. Amounts are net of tax and noncontrolling interests. Components of Period Changes in OCI Three Months Ended March 31, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (10) $ 30 $ 20 $ (12) $ 32 Reclassified to earnings — — — — — Net OCI $ (10) $ 30 $ 20 $ (12) $ 32 Change in net unrealized gains (losses) on AFS securities OCI activity $ 710 $ (167) $ 543 $ — $ 543 Reclassified to earnings (41) 10 (31) — (31) Net OCI $ 669 $ (157) $ 512 $ — $ 512 Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings (1) — (1) — (1) Net OCI $ (1) $ — $ (1) $ — $ (1) Change in net DVA OCI activity $ (30) $ 10 $ (20) $ (7) $ (13) Reclassified to earnings 6 (1) 5 — 5 Net OCI $ (24) $ 9 $ (15) $ (7) $ (8) Change in fair value of cash flow hedge derivatives OCI activity $ 7 $ (1) $ 6 $ — $ 6 Reclassified to earnings 1 — 1 — 1 Net OCI $ 8 $ (1) $ 7 $ — $ 7 Three Months Ended March 31, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (60) $ (45) $ (105) $ (57) $ (48) Reclassified to earnings — — — — — Net OCI $ (60) $ (45) $ (105) $ (57) $ (48) Change in net unrealized gains (losses) on AFS securities OCI activity $ (3,084) $ 723 $ (2,361) $ — $ (2,361) Reclassified to earnings (44) 10 (34) — (34) Net OCI $ (3,128) $ 733 $ (2,395) $ — $ (2,395) Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings 5 — 5 — 5 Net OCI $ 5 $ — $ 5 $ — $ 5 Change in net DVA OCI activity $ 871 $ (211) $ 660 $ 22 $ 638 Reclassified to earnings — — — — — Net OCI $ 871 $ (211) $ 660 $ 22 $ 638

Interest Income and Interest Ex

Interest Income and Interest Expense	3 Months Ended
	Mar. 31, 2023
Interest Income (Expense), Net [Abstract]
Interest Income and Interest Expense	Interest Income and Interest Expense Three Months Ended $ in millions 2023 2022 Interest income Investment securities $ 1,018 $ 777 Loans 2,815 1,156 Securities purchased under agreements to resell 1 1,477 13 Securities borrowed 2 1,172 (217) Trading assets, net of Trading liabilities 913 524 Customer receivables and Other 3 3,475 397 Total interest income $ 10,870 $ 2,650 Interest expense Deposits $ 1,575 $ 73 Borrowings 2,506 685 Securities sold under agreements to repurchase 4 1,218 49 Securities loaned 5 164 93 Customer payables and Other 6 3,061 (466) Total interest expense $ 8,524 $ 434 Net interest $ 2,346 $ 2,216 1. Includes interest paid on Securities purchased under agreements to resell. 2. Includes fees paid on Securities borrowed. 3. Includes interest from Cash and cash equivalents. 4. Includes interest received on Securities sold under agreements to repurchase. 5. Includes fees received on Securities loaned. 6. Includes fees received from Equity Financing customers related to their short transactions, which can be under either margin or securities lending arrangements. Interest income and Interest expense are classified in the income statement based on the nature of the instrument and related market conventions. When included as a component of the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense. Accrued Interest $ in millions At March 31, At December 31, Customer and other receivables $ 3,842 $ 4,139 Customer and other payables 3,957 4,273

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Firm is routinely under examination by the IRS and other tax authorities in certain countries, such as Japan and the U.K., and in states and localities in which it has significant business operations, such as New York. The Firm believes that the resolution of these tax examinations will not have a material effect on the annual financial statements, although a resolution could have a material impact in the income statement and on the effective tax rate for any period in which such resolutions occur. It is reasonably possible that significant changes in the balance of unrecognized tax benefits may occur within the next 12 months. At this time, however, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits and the impact on the Firm’s effective tax rate over the next 12 months.

Segment, Geographic and Revenue

Segment, Geographic and Revenue Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment, Geographic and Revenue Information	Segment, Geographic and Revenue Information Selected Financial Information by Business Segment Three Months Ended March 31, 2023 $ in millions IS WM IM I/E Total Investment banking $ 1,247 $ 104 $ — $ (21) $ 1,330 Trading 4,257 227 (16) 9 4,477 Investments 28 16 101 — 145 Commissions and fees 1 714 590 — (65) 1,239 Asset management 1,2 148 3,382 1,248 (50) 4,728 Other 180 82 (6) (4) 252 Total non-interest revenues 6,574 4,401 1,327 (131) 12,171 Interest income 7,758 3,627 29 (544) 10,870 Interest expense 7,535 1,469 67 (547) 8,524 Net interest 223 2,158 (38) 3 2,346 Net revenues $ 6,797 $ 6,559 $ 1,289 $ (128) $ 14,517 Provision for credit losses $ 189 $ 45 $ — $ — $ 234 Compensation and benefits 2,365 3,477 568 — 6,410 Non-compensation expenses 2,351 1,325 555 (118) 4,113 Total non-interest expenses $ 4,716 $ 4,802 $ 1,123 $ (118) $ 10,523 Income before provision for income taxes $ 1,892 $ 1,712 $ 166 $ (10) $ 3,760 Provision for income taxes 363 336 30 (2) 727 Net income 1,529 1,376 136 (8) 3,033 Net income applicable to noncontrolling interests 51 — 2 — 53 Net income applicable to Morgan Stanley $ 1,478 $ 1,376 $ 134 $ (8) $ 2,980 Three Months Ended March 31, 2022 $ in millions IS WM IM I/E Total Investment banking $ 1,634 $ 143 $ — $ (19) $ 1,758 Trading 4,205 (231) (9) 18 3,983 Investments 99 12 (36) — 75 Commissions and fees 1 774 723 — (81) 1,416 Asset management 1,2 147 3,626 1,388 (42) 5,119 Other 117 122 (2) (3) 234 Total non-interest revenues 6,976 4,395 1,341 (127) 12,585 Interest income 1,062 1,637 7 (56) 2,650 Interest expense 381 97 13 (57) 434 Net interest 681 1,540 (6) 1 2,216 Net revenues $ 7,657 $ 5,935 $ 1,335 $ (126) $ 14,801 Provision for credit losses $ 44 $ 13 $ — $ — $ 57 Compensation and benefits 2,604 3,125 545 — 6,274 Non-compensation expenses 2,222 1,224 562 (126) 3,882 Total non-interest expenses $ 4,826 $ 4,349 $ 1,107 $ (126) $ 10,156 Income before provision for income taxes $ 2,787 $ 1,573 $ 228 $ — $ 4,588 Provision for income taxes 535 301 37 — 873 Net income 2,252 1,272 191 — 3,715 Net income applicable to noncontrolling interests 61 — (12) — 49 Net income applicable to Morgan Stanley $ 2,191 $ 1,272 $ 203 $ — $ 3,666 1. Substantially all revenues are from contracts with customers. 2. Includes certain fees that may relate to services performed in prior periods. For a discussion about the Firm’s business segments, see Note 23 to the financial statements in the 2022 Form 10-K. Detail of Investment Banking Revenues Three Months Ended $ in millions 2023 2022 Institutional Securities Advisory $ 638 $ 944 Institutional Securities Underwriting 609 690 Firm Investment banking revenues from contracts with customers 89 % 90 % Trading Revenues by Product Type Three Months Ended $ in millions 2023 2022 Interest rate $ 1,368 $ 391 Foreign exchange 262 648 Equity 1 2,212 2,007 Commodity and other 539 525 Credit 96 412 Total $ 4,477 $ 3,983 1. Dividend income is included within equity contracts. The previous table summarizes realized and unrealized gains and losses, from derivative and non-derivative financial instruments, included in Trading revenues in the income statement. The Firm generally utilizes financial instruments across a variety of product types in connection with its market-making and related risk management strategies. The trading revenues presented in the table are not representative of the manner in which the Firm manages its business activities and are prepared in a manner similar to the presentation of trading revenues for regulatory reporting purposes. Investment Management Investments Revenues—Net Cumulative Unrealized Carried Interest $ in millions At At Net cumulative unrealized performance-based fees at risk of reversing $ 815 $ 819 The Firm’s portion of net cumulative performance-based fees in the form of unrealized carried interest, for which the Firm is not obligated to pay compensation, is at risk of reversing when the return in certain funds fall below specified performance targets. See Note 13 for information regarding general partner guarantees, which include potential obligations to return performance fee distributions previously received. Investment Management Asset Management Revenues—Reduction of Fees Due to Fee Waivers Three Months Ended $ in millions 2023 2022 Fee waivers $ 18 $ 124 The Firm waives a portion of its fees in the Investment Management business segment from certain registered money market funds that comply with the requirements of Rule 2a-7 of the Investment Company Act of 1940. Certain Other Fee Waivers Separately, the Firm’s employees, including its senior officers, may participate on the same terms and conditions as other investors in certain funds that the Firm sponsors primarily for client investment, and the Firm may waive or lower applicable fees and charges for its employees. Other Expenses—Transaction Taxes Three Months Ended $ in millions 2023 2022 Transaction taxes $ 214 $ 258 Transaction taxes are composed of securities transaction taxes and stamp duties, which are levied on the sale or purchase of securities listed on recognized stock exchanges in certain markets. These taxes are imposed mainly on trades of equity securities in Asia and EMEA. Similar transaction taxes are levied on trades of listed derivative instruments in certain countries. Net Revenues by Region Three Months Ended $ in millions 2023 2022 Americas $ 10,791 $ 10,464 EMEA 1,737 2,311 Asia 1,989 2,026 Total $ 14,517 $ 14,801 For a discussion about the Firm’s geographic net revenues, see Note 23 to the financial statements in the 2022 Form 10-K. Revenues Recognized from Prior Services Three Months Ended $ in millions 2023 2022 Non-interest revenues $ 704 $ 1,005 The previous table includes revenues from contracts with customers recognized where some or all services were performed in prior periods. These revenues primarily include investment banking advisory fees. Receivables from Contracts with Customers $ in millions At At Customer and other receivables $ 2,182 $ 2,577 Receivables from contracts with customers, which are included within Customer and other receivables in the balance sheet, arise when the Firm has both recorded revenues and the right per the contract to bill the customer. Assets by Business Segment $ in millions At At Institutional Securities $ 819,195 $ 789,837 Wealth Management 363,405 373,305 Investment Management 17,304 17,089 Total 1 $ 1,199,904 $ 1,180,231

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Financial Information	Basis of Financial Information The financial statements are prepared in accordance with U.S. GAAP, which requires the Firm to make estimates and assumptions regarding the valuations of certain financial instruments, the valuations of goodwill and intangible assets, the outcome of legal and tax matters, deferred tax assets, ACL, and other matters that affect its financial statements and related disclosures. The Firm believes that the estimates utilized in the preparation of its financial statements are prudent and reasonable. Actual results could differ materially from these estimates. The Notes are an integral part of the Firm’s financial statements. The Firm has evaluated subsequent events for adjustment to or disclosure in these financial statements through the date of this report and has not identified any recordable or disclosable events not otherwise reported in these financial statements or the notes thereto. The accompanying financial statements should be read in conjunction with the Firm’s financial statements and notes thereto included in the 2022 Form 10-K. Certain footnote disclosures included in the 2022 Form 10-K have been condensed or omitted from these financial statements as they are not required for interim reporting under U.S. GAAP. The financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for the fair presentation of the results for the interim period. The results of operations for interim periods are not necessarily indicative of results for the entire year.
Consolidation	Consolidation The financial statements include the accounts of the Firm, its wholly owned subsidiaries and other entities in which the Firm has a controlling financial interest, including certain VIEs (see Note 14). Intercompany balances and transactions have been eliminated. For consolidated subsidiaries that are not wholly owned, the third-party holdings of equity interests are referred to as Noncontrolling interests. The net income attributable to Noncontrolling interests for such subsidiaries is presented as Net income applicable to noncontrolling interests in the income statement. The portion of shareholders’ equity that is attributable to noncontrolling interests for such subsidiaries is presented as Noncontrolling interests, a component of Total equity, in the balance sheet. For a discussion of the Firm’s significant regulated U.S. and international subsidiaries and its involvement with VIEs, see Note 1 to the financial statements in the 2022 Form 10-K.
Financial Instruments - Credit Losses	Financial Instruments - Credit Losses The Firm adopted the Financial Instruments-Credit Losses accounting update on January 1, 2023, with no impact on the Firm’s financial condition or results of operations upon adoption. This accounting update eliminates the accounting guidance for troubled debt restructurings (“TDRs”) and requires new disclosures regarding certain modifications of financing receivables ( i.e ., principal forgiveness, interest rate reductions, other-than-insignificant payment delays and term extensions) to borrowers experiencing financial difficulty. The update also requires disclosure of current period gross charge-offs by year of origination for financing receivables measured at amortized cost. Refer to Note 9, Loans, Lending Commitments and Related Allowance for Credit Losses, for the new disclosures.

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	3 Months Ended
	Mar. 31, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	$ in millions At At Cash and due from banks $ 5,336 $ 5,409 Interest bearing deposits with banks 105,922 122,718 Total Cash and cash equivalents $ 111,258 $ 128,127 Restricted cash $ 33,229 $ 35,380

Fair Values (Tables)

Fair Values (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and Liabilities Measured at Fair Value on a Recurring Basis At March 31, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 53,525 $ 40,345 $ 1 $ — $ 93,871 Other sovereign government obligations 29,842 5,785 196 — 35,823 State and municipal securities — 1,685 3 — 1,688 MABS — 1,540 454 — 1,994 Loans and lending commitments 2 — 5,974 2,057 — 8,031 Corporate and other debt — 27,804 2,243 — 30,047 Corporate equities 3 97,102 944 144 — 98,190 Derivative and other contracts: Interest rate 5,112 153,365 647 — 159,124 Credit — 9,437 356 — 9,793 Foreign exchange 64 83,371 180 — 83,615 Equity 1,900 46,948 307 — 49,155 Commodity and other 4,184 14,300 3,546 — 22,030 Netting 1 (10,169) (233,264) (1,103) (38,758) (283,294) Total derivative and other contracts 1,091 74,157 3,933 (38,758) 40,423 Investments 4 795 711 955 — 2,461 Physical commodities — 2,349 — — 2,349 Total trading assets 4 182,355 161,294 9,986 (38,758) 314,877 Investment securities—AFS 53,047 30,885 — — 83,932 Securities purchased under agreements to resell — 8 — — 8 Total assets at fair value $ 235,402 $ 192,187 $ 9,986 $ (38,758) $ 398,817 At March 31, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 5,013 $ 29 $ — $ 5,042 Trading liabilities: U.S. Treasury and agency securities 23,790 32 — — 23,822 Other sovereign government obligations 35,965 2,531 73 — 38,569 Corporate and other debt — 11,007 46 — 11,053 Corporate equities 3 67,878 371 41 — 68,290 Derivative and other contracts: Interest rate 5,094 145,101 864 — 151,059 Credit — 9,703 308 — 10,011 Foreign exchange 55 81,981 114 — 82,150 Equity 2,194 52,453 1,084 — 55,731 Commodity and other 4,616 12,695 1,947 — 19,258 Netting 1 (10,169) (233,264) (1,103) (44,644) (289,180) Total derivative and other contracts 1,790 68,669 3,214 (44,644) 29,029 Total trading liabilities 129,423 82,610 3,374 (44,644) 170,763 Securities sold under agreements to repurchase — 358 514 — 872 Other secured financings — 4,890 115 — 5,005 Borrowings — 84,773 1,649 — 86,422 Total liabilities at fair value $ 129,423 $ 177,644 $ 5,681 $ (44,644) $ 268,104 At December 31, 2022 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 38,462 $ 42,263 $ 17 $ — $ 80,742 Other sovereign government obligations 24,644 4,769 169 — 29,582 State and municipal securities — 1,503 145 — 1,648 MABS — 1,774 416 — 2,190 Loans and lending commitments 2 — 6,380 2,017 — 8,397 Corporate and other debt — 23,351 2,096 — 25,447 Corporate equities 3 97,869 1,019 116 — 99,004 Derivative and other contracts: Interest rate 4,481 166,392 517 — 171,390 Credit — 7,876 425 — 8,301 Foreign exchange 49 115,766 183 — 115,998 Equity 2,778 40,171 406 — 43,355 Commodity and other 5,609 21,152 3,701 — 30,462 Netting 1 (9,618) (258,821) (1,078) (55,777) (325,294) Total derivative and other contracts 3,299 92,536 4,154 (55,777) 44,212 Investments 4 652 685 923 — 2,260 Physical commodities — 2,379 — — 2,379 Total trading assets 4 164,926 176,659 10,053 (55,777) 295,861 Investment securities—AFS 53,866 30,396 35 — 84,297 Securities purchased under agreements to resell — 8 — — 8 Total assets at fair value $ 218,792 $ 207,063 $ 10,088 $ (55,777) $ 380,166 At December 31, 2022 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 4,776 $ 20 $ — $ 4,796 Trading liabilities: U.S. Treasury and agency securities 20,776 228 — — 21,004 Other sovereign government obligations 23,235 2,688 3 — 25,926 Corporate and other debt — 8,786 29 — 8,815 Corporate equities 3 59,998 518 42 — 60,558 Derivative and other contracts: Interest rate 3,446 161,044 668 — 165,158 Credit — 7,987 315 — 8,302 Foreign exchange 89 113,383 117 — 113,589 Equity 3,266 46,923 1,142 — 51,331 Commodity and other 6,187 17,574 2,618 — 26,379 Netting 1 (9,618) (258,821) (1,078) (57,107) (326,624) Total derivative and other contracts 3,370 88,090 3,782 (57,107) 38,135 Total trading liabilities 107,379 100,310 3,856 (57,107) 154,438 Securities sold under agreements to repurchase — 352 512 — 864 Other secured financings — 4,459 91 — 4,550 Borrowings — 77,133 1,587 — 78,720 Total liabilities at fair value $ 107,379 $ 187,030 $ 6,066 $ (57,107) $ 243,368 MABS—Mortgage- and asset-backed securities 1. For positions with the same counterparty that cross over the levels of the fair value hierarchy, both counterparty netting and cash collateral netting are included in the column titled “Netting.” Positions classified within the same level that are with the same counterparty are netted within that level. For further information on derivative instruments and hedging activities, see Note 6. 2. For a further breakdown by type, see the following Detail of Loans and Lending Commitments at Fair Value table. 3. For trading purposes, the Firm holds or sells short equity securities issued by entities in diverse industries and of varying sizes.
Schedule of Details of Loans and Lending Commitments at Fair Value	Detail of Loans and Lending Commitments at Fair Value $ in millions At At Secured lending facilities $ 6 $ 6 Commercial Real Estate 581 528 Residential Real Estate 1,954 2,020 Securities-based lending and Other loans 5,490 5,843 Total $ 8,031 $ 8,397
Schedule of Unsettled Fair Value of Futures Contracts	Unsettled Fair Value of Futures Contracts 1 $ in millions At At Customer and other receivables (payables), net $ 788 $ 1,219 1. These contracts are primarily Level 1, actively traded, valued based on quoted prices from the exchange and are excluded from the previous recurring fair value tables.
Schedule of Rollforward of Level 3 Assets Measured at Fair Value on a Recurring Basis	Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended $ in millions 2023 2022 U.S. Treasury and agency securities Beginning balance $ 17 $ 2 Purchases — 1 Sales (9) — Net transfers (7) 5 Ending balance $ 1 $ 8 Unrealized gains (losses) $ — $ — Other sovereign government obligations Beginning balance $ 169 $ 211 Realized and unrealized gains (losses) 4 — Purchases 78 6 Sales (54) (40) Net transfers (1) 11 Ending balance $ 196 $ 188 Unrealized gains (losses) $ 4 $ — State and municipal securities Beginning balance $ 145 $ 13 Sales (40) — Net transfers (102) (13) Ending balance $ 3 $ — Unrealized gains (losses) $ — $ — MABS Beginning balance $ 416 $ 344 Realized and unrealized gains (losses) 2 (1) Purchases 57 56 Sales (45) (96) Net transfers 24 48 Ending balance $ 454 $ 351 Unrealized gains (losses) $ 1 $ (3) Loans and lending commitments Beginning balance $ 2,017 $ 3,806 Realized and unrealized gains (losses) (26) 26 Purchases and originations 535 369 Sales (193) (210) Settlements (235) (409) Net transfers (41) (441) Ending balance $ 2,057 $ 3,141 Unrealized gains (losses) $ (25) $ 22 Corporate and other debt Beginning balance $ 2,096 $ 1,973 Realized and unrealized gains (losses) 34 12 Purchases and originations 508 71 Sales (446) (160) Net transfers 51 (143) Ending balance $ 2,243 $ 1,753 Unrealized gains (losses) $ 64 $ 7 Corporate equities Beginning balance $ 116 $ 115 Realized and unrealized gains (losses) (8) — Purchases 19 24 Sales (25) (82) Net transfers 42 182 Ending balance $ 144 $ 239 Unrealized gains (losses) $ (2) $ — Three Months Ended $ in millions 2023 2022 Investments Beginning balance $ 923 $ 1,125 Realized and unrealized gains (losses) 14 (24) Purchases 47 20 Sales (24) (4) Net transfers (5) 3 Ending balance $ 955 $ 1,120 Unrealized gains (losses) $ 10 $ (26) Investment securities—AFS Beginning balance $ 35 $ — Realized and unrealized gains (losses) 1 — Net transfers (36) — Ending balance $ — $ — Unrealized gains (losses) $ 1 $ — Net derivatives: Interest rate Beginning balance $ (151) $ 708 Realized and unrealized gains (losses) (149) 39 Purchases 10 3 Issuances (8) (2) Settlements 189 (21) Net transfers (108) (93) Ending balance $ (217) $ 634 Unrealized gains (losses) $ 29 $ 147 Net derivatives: Credit Beginning balance $ 110 $ 98 Realized and unrealized gains (losses) (27) 43 Purchases — 8 Issuances — (8) Settlements (31) (68) Net transfers (4) 20 Ending balance $ 48 $ 93 Unrealized gains (losses) $ (28) $ 28 Net derivatives: Foreign exchange Beginning balance $ 66 $ 52 Realized and unrealized gains (losses) (11) (145) Purchases — 5 Issuances (3) — Settlements 40 81 Net transfers (26) (26) Ending balance $ 66 $ (33) Unrealized gains (losses) $ (10) $ (138) Net derivatives: Equity Beginning balance $ (736) $ (945) Realized and unrealized gains (losses) 16 98 Purchases 39 28 Issuances (161) (68) Settlements (30) 117 Net transfers 95 116 Ending balance $ (777) $ (654) Unrealized gains (losses) $ (30) $ 88 Three Months Ended $ in millions 2023 2022 Net derivatives: Commodity and other Beginning balance $ 1,083 $ 1,529 Realized and unrealized gains (losses) 446 4 Purchases 16 9 Issuances (3) (11) Settlements (103) (47) Net transfers 160 (50) Ending balance $ 1,599 $ 1,434 Unrealized gains (losses) $ 211 $ (216) Deposits Beginning balance $ 20 $ 67 Issuances 6 — Settlements — (5) Net transfers 3 (36) Ending balance $ 29 $ 26 Unrealized losses (gains) $ — $ — Nonderivative trading liabilities Beginning balance $ 74 $ 61 Realized and unrealized losses (gains) (7) (3) Purchases (44) (33) Sales 113 11 Net transfers 24 12 Ending balance $ 160 $ 48 Unrealized losses (gains) $ (5) $ (3) Securities sold under agreements to repurchase Beginning balance $ 512 $ 651 Realized and unrealized losses (gains) 11 2 Settlements (9) (10) Net transfers — (127) Ending balance $ 514 $ 516 Unrealized losses (gains) $ 11 $ 2 Other secured financings Beginning balance $ 91 $ 403 Realized and unrealized losses (gains) 2 (3) Issuances 41 28 Settlements (19) (305) Net transfers — (3) Ending balance $ 115 $ 120 Unrealized losses (gains) $ 2 $ (3) Borrowings Beginning balance $ 1,587 $ 2,157 Realized and unrealized losses (gains) 48 (143) Issuances 239 161 Settlements (82) (42) Net transfers (143) 266 Ending balance $ 1,649 $ 2,399 Unrealized losses (gains) $ 45 $ (143) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 9 (29)
Schedule of Rollforward of Level 3 Liabilities Measured at Fair Value on a Recurring Basis	Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended $ in millions 2023 2022 U.S. Treasury and agency securities Beginning balance $ 17 $ 2 Purchases — 1 Sales (9) — Net transfers (7) 5 Ending balance $ 1 $ 8 Unrealized gains (losses) $ — $ — Other sovereign government obligations Beginning balance $ 169 $ 211 Realized and unrealized gains (losses) 4 — Purchases 78 6 Sales (54) (40) Net transfers (1) 11 Ending balance $ 196 $ 188 Unrealized gains (losses) $ 4 $ — State and municipal securities Beginning balance $ 145 $ 13 Sales (40) — Net transfers (102) (13) Ending balance $ 3 $ — Unrealized gains (losses) $ — $ — MABS Beginning balance $ 416 $ 344 Realized and unrealized gains (losses) 2 (1) Purchases 57 56 Sales (45) (96) Net transfers 24 48 Ending balance $ 454 $ 351 Unrealized gains (losses) $ 1 $ (3) Loans and lending commitments Beginning balance $ 2,017 $ 3,806 Realized and unrealized gains (losses) (26) 26 Purchases and originations 535 369 Sales (193) (210) Settlements (235) (409) Net transfers (41) (441) Ending balance $ 2,057 $ 3,141 Unrealized gains (losses) $ (25) $ 22 Corporate and other debt Beginning balance $ 2,096 $ 1,973 Realized and unrealized gains (losses) 34 12 Purchases and originations 508 71 Sales (446) (160) Net transfers 51 (143) Ending balance $ 2,243 $ 1,753 Unrealized gains (losses) $ 64 $ 7 Corporate equities Beginning balance $ 116 $ 115 Realized and unrealized gains (losses) (8) — Purchases 19 24 Sales (25) (82) Net transfers 42 182 Ending balance $ 144 $ 239 Unrealized gains (losses) $ (2) $ — Three Months Ended $ in millions 2023 2022 Investments Beginning balance $ 923 $ 1,125 Realized and unrealized gains (losses) 14 (24) Purchases 47 20 Sales (24) (4) Net transfers (5) 3 Ending balance $ 955 $ 1,120 Unrealized gains (losses) $ 10 $ (26) Investment securities—AFS Beginning balance $ 35 $ — Realized and unrealized gains (losses) 1 — Net transfers (36) — Ending balance $ — $ — Unrealized gains (losses) $ 1 $ — Net derivatives: Interest rate Beginning balance $ (151) $ 708 Realized and unrealized gains (losses) (149) 39 Purchases 10 3 Issuances (8) (2) Settlements 189 (21) Net transfers (108) (93) Ending balance $ (217) $ 634 Unrealized gains (losses) $ 29 $ 147 Net derivatives: Credit Beginning balance $ 110 $ 98 Realized and unrealized gains (losses) (27) 43 Purchases — 8 Issuances — (8) Settlements (31) (68) Net transfers (4) 20 Ending balance $ 48 $ 93 Unrealized gains (losses) $ (28) $ 28 Net derivatives: Foreign exchange Beginning balance $ 66 $ 52 Realized and unrealized gains (losses) (11) (145) Purchases — 5 Issuances (3) — Settlements 40 81 Net transfers (26) (26) Ending balance $ 66 $ (33) Unrealized gains (losses) $ (10) $ (138) Net derivatives: Equity Beginning balance $ (736) $ (945) Realized and unrealized gains (losses) 16 98 Purchases 39 28 Issuances (161) (68) Settlements (30) 117 Net transfers 95 116 Ending balance $ (777) $ (654) Unrealized gains (losses) $ (30) $ 88 Three Months Ended $ in millions 2023 2022 Net derivatives: Commodity and other Beginning balance $ 1,083 $ 1,529 Realized and unrealized gains (losses) 446 4 Purchases 16 9 Issuances (3) (11) Settlements (103) (47) Net transfers 160 (50) Ending balance $ 1,599 $ 1,434 Unrealized gains (losses) $ 211 $ (216) Deposits Beginning balance $ 20 $ 67 Issuances 6 — Settlements — (5) Net transfers 3 (36) Ending balance $ 29 $ 26 Unrealized losses (gains) $ — $ — Nonderivative trading liabilities Beginning balance $ 74 $ 61 Realized and unrealized losses (gains) (7) (3) Purchases (44) (33) Sales 113 11 Net transfers 24 12 Ending balance $ 160 $ 48 Unrealized losses (gains) $ (5) $ (3) Securities sold under agreements to repurchase Beginning balance $ 512 $ 651 Realized and unrealized losses (gains) 11 2 Settlements (9) (10) Net transfers — (127) Ending balance $ 514 $ 516 Unrealized losses (gains) $ 11 $ 2 Other secured financings Beginning balance $ 91 $ 403 Realized and unrealized losses (gains) 2 (3) Issuances 41 28 Settlements (19) (305) Net transfers — (3) Ending balance $ 115 $ 120 Unrealized losses (gains) $ 2 $ (3) Borrowings Beginning balance $ 1,587 $ 2,157 Realized and unrealized losses (gains) 48 (143) Issuances 239 161 Settlements (82) (42) Net transfers (143) 266 Ending balance $ 1,649 $ 2,399 Unrealized losses (gains) $ 45 $ (143) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 9 (29)
Schedule of Valuation Techniques and Unobservable Inputs	Valuation Techniques and Unobservable Inputs Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2023 At December 31, 2022 Assets at Fair Value on a Recurring Basis Other sovereign government obligations $ 196 $ 169 Comparable pricing: Bond price 61 to 119 points (92 points) 57 to 124 points (89 points) State and municipal securities $ 3 $ 145 Comparable pricing: Bond price N/M 86 to 100 points (97 points) MABS $ 454 $ 416 Comparable pricing: Bond price 0 to 95 points (60 points) 0 to 95 points (68 points) Loans and lending $ 2,057 $ 2,017 Margin loan model: Margin loan rate 2% to 4% (3%) 2% to 4% (3%) Comparable pricing: Loan price 88 to 104 points (99 points) 87 to 105 points (99 points) Corporate and $ 2,243 $ 2,096 Comparable pricing: Bond price 51 to 129 points (88 points) 51 to 132 points (90 points) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Corporate equities $ 144 $ 116 Comparable pricing: Equity price 100% 100% Investments $ 955 $ 923 Discounted cash flow: WACC 15% to 17% (16%) 15% to 17% (16%) Exit multiple 7 to 17 times (14 times) 7 to 17 times (14 times) Market approach: EBITDA multiple 6 to 21 times (11 times) 7 to 21 times (11 times) Comparable pricing: Equity price 24% to 100% (89%) 24% to 100% (89%) Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2023 At December 31, 2022 Net derivative and other contracts: Interest rate $ (217) $ (151) Option model: IR volatility skew 36% to 138% (90% / 84%) 105% to 130% (113% / 109%) IR curve correlation 53% to 99% (83% / 86%) 47% to 100% (80% / 84%) Bond volatility 1% to 2% (1% / 1%) N/M Inflation volatility 22% to 70% (43% / 39%) 22% to 65% (43% / 38%) IR curve 4% to 11% (6% / 5%) 4% to 5% (5% / 5%) Credit $ 48 $ 110 Credit default swap model: Cash-synthetic basis 7 points 7 points Bond price 0 to 92 bps (49 points) 0 to 83 points (43 points) Credit spread 10 to 449 bps (111 bps) 10 to 528 bps (115 bps) Funding spread 18 to 590 bps (81 bps) 18 to 590 bps (93 bps) Foreign exchange 2 $ 66 $ 66 Option model: IR curve -8% to 18% (5% / 4%) -2% to 38% (8% / 4%) Foreign exchange volatility skew -18% to 30% (2% / 0%) 10% to 10% (10% / 10%) Contingency probability 95% to 95% (95% / 95%) 95% to 95% (95% / 95%) Equity 2 $ (777) $ (736) Option model: Equity volatility 6% to 95% (22%) 5% to 96% (25%) Equity volatility skew -5% to 0% (-1%) -4% to 0% (-1%) Equity correlation 17% to 95% (83%) 10% to 93% (71%) FX correlation -79% to 65% (-25%) -79% to 65% (-26%) IR correlation 10% to 30% (13%) 10% to 30% (-14%) Commodity and other $ 1,599 $ 1,083 Option model: Forward power price $0 to $282 ($45) per MWh $1 to $292 ($43) per MWh Commodity volatility 8% to 113% (35%) 12% to 169% (34%) Cross-commodity correlation 54% to 100% (93%) 70% to 100% (94%) Liabilities Measured at Fair Value on a Recurring Basis Securities sold under agreements to repurchase $ 514 $ 512 Discounted cash flow: Funding spread 80 to 157 bps (118 bps) 96 to 165 bps (131 bps) Other secured financings $ 115 $ 91 Comparable pricing: Loan price 23 to 101 points (82 points) 23 to 101 points (75 points) Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2023 At December 31, 2022 Borrowings $ 1,649 $ 1,587 Option model: Equity volatility 6% to 66% (22%) 7% to 86% (23%) Equity volatility skew -1% to 0% (0%) -2% to 0% (0%) Equity correlation 41% to 95% (80%) 39% to 98% (86%) Equity - FX correlation -55% to 6% (-26%) -50% to 0% (-21%) IR curve correlation 49% to 98% (85% / 90%) N/M IR volatility skew N/M 47% to 136% (74% / 59%) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Nonrecurring Fair Value Measurement Loans $ 5,812 $ 6,610 Corporate loan model: Credit spread 105 to 1286 bps (830 bps) 91 to 1276 bps (776 bps) Comparable pricing: Loan price 17 to 97 points (66 points) 36 to 80 points (65 points) Warehouse model: Credit spread 108 to 311 bps (246 bps) 110 to 319 bps (245 bps) Points—Percentage of par IR—Interest rate FX—Foreign exchange 1. A single amount is disclosed for range and average when there is no significant difference between the minimum, maximum and average. Amounts represent weighted averages except where simple averages and the median of the inputs are more relevant. 2. Includes derivative contracts with multiple risks ( i.e. , hybrid products).
Schedule of Net Asset Value Measurements	Fund Interests At March 31, 2023 At December 31, 2022 $ in millions Carrying Commitment Carrying Commitment Private equity $ 2,664 $ 637 $ 2,622 $ 638 Real estate 2,566 256 2,642 239 Hedge 1 194 3 190 3 Total $ 5,424 $ 896 $ 5,454 $ 880 1. Investments in hedge funds may be subject to initial period lock-up or gate provisions, which restrict an investor from withdrawing from the fund during a certain initial period or restrict the redemption amount on any redemption date, respectively. Nonredeemable Funds by Contractual Maturity Carrying Value at March 31, 2023 $ in millions Private Equity Real Estate Less than 5 years $ 1,085 $ 975 5-10 years 1,515 1,554 Over 10 years 64 37 Total $ 2,664 $ 2,566
Schedule of Nonrecurring Fair Value Measurements	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis At March 31, 2023 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 5,083 $ 5,812 $ 10,895 Other assets—Other investments — — — Other assets—ROU assets — — — Total $ 5,083 $ 5,812 $ 10,895 Liabilities Other liabilities and accrued expenses—Lending commitments $ 195 $ 97 $ 292 Total $ 195 $ 97 $ 292 At December 31, 2022 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 4,193 $ 6,610 $ 10,803 Other assets—Other investments — 7 7 Other assets—ROU assets 4 — 4 Total $ 4,197 $ 6,617 $ 10,814 Liabilities Other liabilities and accrued expenses—Lending commitments $ 275 $ 153 $ 428 Total $ 275 $ 153 $ 428 1. For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement. Gains (Losses) from Nonrecurring Fair Value Remeasurements 1 Three Months Ended $ in millions 2023 2022 Assets Loans 2 $ 19 $ (43) Other assets—Other investments 3 — (2) Other assets—Premises, equipment and software 4 (3) (1) Other assets—ROU assets 5 — (2) Total $ 16 $ (48) Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ 34 $ (49) Total $ 34 $ (49) 1. Gains and losses for Loans and Other assets—Other investments are classified in Other revenues. For other items, gains and losses are recorded in Other revenues if the item is held for sale; otherwise, they are recorded in Other expenses. 2. Nonrecurring changes in the fair value of loans and lending commitments, which exclude the impact of related economic hedges, are calculated as follows: for the held-for-investment category, based on the value of the underlying collateral; and for the held-for-sale category, based on recently executed transactions, market price quotations, valuation models that incorporate market observable inputs where possible, such as comparable loan or debt prices and CDS spread levels adjusted for any basis difference between cash and derivative instruments, or default recovery analysis where such transactions and quotations are unobservable. 3. Losses related to Other assets—Other investments were determined using techniques that included discounted cash flow models, methodologies that incorporate multiples of certain comparable companies and recently executed transactions. 4. Losses related to Other assets—Premises, equipment and software generally include impairments as well as write-offs related to the disposal of certain assets.
Schedule of Financial Instruments Not Measured at Fair Value	Financial Instruments Not Measured at Fair Value At March 31, 2023 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 111,258 $ 111,258 $ — $ — $ 111,258 Investment securities—HTM 74,012 26,253 37,090 1,076 64,419 Securities purchased under agreements to resell 121,877 — 119,067 2,826 121,893 Securities borrowed 146,216 — 146,216 — 146,216 Customer and other receivables 69,249 — 65,219 3,750 68,969 Loans 1 214,696 — 24,842 183,035 207,877 Other assets 3,139 — 3,139 — 3,139 Financial liabilities Deposits $ 342,481 $ — $ 342,312 $ — $ 342,312 Securities sold under agreements to repurchase 59,619 — 59,599 — 59,599 Securities loaned 15,588 — 15,583 — 15,583 Other secured financings 3,665 — 3,665 — 3,665 Customer and other payables 220,556 — 220,556 — 220,556 Borrowings 163,760 — 163,329 4 163,333 Commitment Lending commitments 2 $ 139,447 $ — $ 1,814 $ 914 $ 2,728 At December 31, 2022 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 128,127 $ 128,127 $ — $ — $ 128,127 Investment securities—HTM 75,634 26,754 37,218 1,034 65,006 Securities purchased under agreements to resell 113,899 — 111,188 2,681 113,869 Securities borrowed 133,374 — 133,370 — 133,370 Customer and other receivables 73,248 — 69,268 3,664 72,932 Loans 1 213,785 — 24,153 181,561 205,714 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 351,850 $ — $ 351,721 $ — $ 351,721 Securities sold under agreements to repurchase 61,670 — 61,620 — 61,620 Securities loaned 15,679 — 15,673 — 15,673 Other secured financings 3,608 — 3,608 — 3,608 Customer and other payables 216,018 — 216,018 — 216,018 Borrowings 159,338 — 157,780 4 157,784 Commitment Lending commitments 2 $ 136,241 $ — $ 1,789 $ 1,077 $ 2,866 1. Amounts include loans measured at fair value on a nonrecurring basis. 2. Represents Lending commitments accounted for as Held for Investment and Held for Sale. For a further discussion on lending commitments, see Note 13.

Fair Value Option (Tables)

Fair Value Option (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Option	Borrowings Measured at Fair Value on a Recurring Basis $ in millions At At Business Unit Responsible for Risk Management Equity $ 43,705 $ 38,945 Interest rates 27,791 26,077 Commodities 11,187 10,717 Credit 1,954 1,564 Foreign exchange 1,785 1,417 Total $ 86,422 $ 78,720 Net Revenues from Borrowings under the Fair Value Option Three Months Ended $ in millions 2023 2022 Trading revenues $ (4,378) $ 4,655 Interest expense 108 72 Net revenues 1 $ (4,486) $ 4,583 1. Amounts do not reflect any gains or losses from related economic hedges. Gains (Losses) Due to Changes in Instrument-Specific Credit Risk Three Months Ended March 31, 2023 2022 $ in millions Trading OCI Trading OCI Loans and other receivables 1 $ (43) $ — $ 24 $ — Lending commitments 11 — — — Deposits — 93 — (7) Borrowings (6) (117) — 878 $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (481) $ (457) 1. Loans and other receivables-specific credit gains (losses) were determined by excluding the non-credit components of gains and losses. Difference Between Contractual Principal and Fair Value 1 $ in millions At At Loans and other receivables 2 $ 11,794 $ 11,916 Nonaccrual loans 2 9,071 9,128 Borrowings 3 4,282 5,203 1. Amounts indicate contractual principal greater than or (less than) fair value. 2. The majority of the difference between principal and fair value amounts for loans and other receivables relates to distressed debt positions purchased at amounts well below par. 3. Excludes borrowings where the repayment of the initial principal amount fluctuates based on changes in a reference price or index. Fair Value Loans on Nonaccrual Status $ in millions At At Nonaccrual loans $ 504 $ 585 Nonaccrual loans 90 or more days past due 55 116

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Asset Contracts	Fair Values of Derivative Contracts Assets at March 31, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 14 $ 4 $ — $ 18 Foreign exchange 44 28 — 72 Total 58 32 — 90 Not designated as accounting hedges Economic hedges of loans Credit 1 58 — 59 Other derivatives Interest rate 130,291 27,241 1,574 159,106 Credit 6,952 2,782 — 9,734 Foreign exchange 81,249 2,222 72 83,543 Equity 18,623 — 30,532 49,155 Commodity and other 17,338 — 4,692 22,030 Total 254,454 32,303 36,870 323,627 Total gross derivatives $ 254,512 $ 32,335 $ 36,870 $ 323,717 Amounts offset Counterparty netting (181,978) (29,554) (33,832) (245,364) Cash collateral netting (35,948) (1,982) — (37,930) Total in Trading assets $ 36,586 $ 799 $ 3,038 $ 40,423 Amounts not offset 1 Financial instruments collateral (18,059) — — (18,059) Net amounts $ 18,527 $ 799 $ 3,038 $ 22,364 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 3,076 Assets at December 31, 2022 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 62 $ 1 $ — $ 63 Foreign exchange 15 44 — 59 Total 77 45 — 122 Not designated as accounting hedges Economic hedges of loans Credit 2 59 — 61 Other derivatives Interest rate 141,291 29,007 1,029 171,327 Credit 5,888 2,352 — 8,240 Foreign exchange 113,540 2,337 62 115,939 Equity 16,505 — 26,850 43,355 Commodity and other 24,298 — 6,164 30,462 Total 301,524 33,755 34,105 369,384 Total gross derivatives $ 301,601 $ 33,800 $ 34,105 $ 369,506 Amounts offset Counterparty netting (214,773) (32,250) (32,212) (279,235) Cash collateral netting (44,711) (1,348) — (46,059) Total in Trading assets $ 42,117 $ 202 $ 1,893 $ 44,212 Amounts not offset 1 Financial instruments collateral (19,406) — — (19,406) Net amounts $ 22,711 $ 202 $ 1,893 $ 24,806 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 4,318
Schedule of Fair Values of Derivative Liability Contracts	Liabilities at March 31, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 363 $ — $ — $ 363 Foreign exchange 126 65 — 191 Total 489 65 — 554 Not designated as accounting hedges Economic hedges of loans Credit 10 489 — 499 Other derivatives Interest rate 124,206 25,480 1,010 150,696 Credit 6,659 2,853 — 9,512 Foreign exchange 79,661 2,229 69 81,959 Equity 26,072 — 29,659 55,731 Commodity and other 14,096 — 5,162 19,258 Total 250,704 31,051 35,900 317,655 Total gross derivatives $ 251,193 $ 31,116 $ 35,900 $ 318,209 Amounts offset Counterparty netting (181,978) (29,554) (33,832) (245,364) Cash collateral netting (42,260) (1,556) — (43,816) Total in Trading liabilities $ 26,955 $ 6 $ 2,068 $ 29,029 Amounts not offset 1 Financial instruments collateral (2,008) — (202) (2,210) Net amounts $ 24,947 $ 6 $ 1,866 $ 26,819 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable 5,497 Liabilities at December 31, 2022 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 457 $ 4 $ — $ 461 Foreign exchange 550 101 — 651 Total 1,007 105 — 1,112 Not designated as accounting hedges Economic hedges of loans Credit 9 368 — 377 Other derivatives Interest rate 135,661 28,581 455 164,697 Credit 5,535 2,390 — 7,925 Foreign exchange 110,322 2,512 104 112,938 Equity 23,138 — 28,193 51,331 Commodity and other 19,631 — 6,748 26,379 Total 294,296 33,851 35,500 363,647 Total gross derivatives $ 295,303 $ 33,956 $ 35,500 $ 364,759 Amounts offset Counterparty netting (214,773) (32,250) (32,212) (279,235) Cash collateral netting (45,884) (1,505) — (47,389) Total in Trading liabilities $ 34,646 $ 201 $ 3,288 $ 38,135 Amounts not offset 1 Financial instruments collateral (2,545) — (1,139) (3,684) Net amounts $ 32,101 $ 201 $ 2,149 $ 34,451 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 6,430 1. Amounts relate to master netting agreements and collateral agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.
Schedule of Notionals of Derivative Contracts	Notionals of Derivative Contracts Assets at March 31, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 66 $ — $ 66 Foreign exchange 4 1 — 5 Total 4 67 — 71 Not designated as accounting hedges Economic hedges of loans Credit — 2 — 2 Other derivatives Interest rate 3,679 9,530 696 13,905 Credit 214 136 — 350 Foreign exchange 3,803 190 16 4,009 Equity 521 — 390 911 Commodity and other 141 — 66 207 Total 8,358 9,858 1,168 19,384 Total gross derivatives $ 8,362 $ 9,925 $ 1,168 $ 19,455 Liabilities at March 31, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 183 $ — $ 185 Foreign exchange 10 3 — 13 Total 12 186 — 198 Not designated as accounting hedges Economic hedges of loans Credit — 18 — 18 Other derivatives Interest rate 3,975 8,944 432 13,351 Credit 205 136 — 341 Foreign exchange 3,910 147 34 4,091 Equity 542 — 582 1,124 Commodity and other 97 — 87 184 Total 8,729 9,245 1,135 19,109 Total gross derivatives $ 8,741 $ 9,431 $ 1,135 $ 19,307 Assets at December 31, 2022 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 2 $ 62 $ — $ 64 Foreign exchange 2 2 — 4 Total 4 64 — 68 Not designated as accounting hedges Economic hedges of loans Credit — 3 — 3 Other derivatives Interest rate 3,404 7,609 614 11,627 Credit 190 130 — 320 Foreign exchange 3,477 126 15 3,618 Equity 488 — 358 846 Commodity and other 141 — 59 200 Total 7,700 7,868 1,046 16,614 Total gross derivatives $ 7,704 $ 7,932 $ 1,046 $ 16,682 Liabilities at December 31, 2022 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 3 $ 187 $ — $ 190 Foreign exchange 12 2 — 14 Total 15 189 — 204 Not designated as accounting hedges Economic hedges of loans Credit — 15 — 15 Other derivatives Interest rate 3,436 7,761 497 11,694 Credit 199 125 — 324 Foreign exchange 3,516 123 35 3,674 Equity 488 — 552 1,040 Commodity and other 101 — 79 180 Total 7,740 8,024 1,163 16,927 Total gross derivatives $ 7,755 $ 8,213 $ 1,163 $ 17,131
Schedule of Gains (Losses) on Accounting Hedges	Gains (Losses) on Accounting Hedges Three Months Ended March 31, $ in millions 2023 2022 Fair value hedges—Recognized in Interest income Interest rate contracts $ (372) $ 795 Investment Securities—AFS 381 (751) Fair value hedges—Recognized in Interest expense Interest rate contracts $ 2,284 $ (6,233) Deposits (54) 88 Borrowings (2,240) 6,155 Net investment hedges—Foreign exchange contracts Recognized in OCI $ (89) $ 139 Forward points excluded from hedge effectiveness testing—Recognized in Interest income 43 (41) Cash flow hedges—Interest rate contracts 1 Recognized in OCI $ 7 $ — Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income (1) — Net change in cash flow hedges included within AOCI 8 —
Schedule of Fair Value Hedges - Hedged Items	Fair Value Hedges—Hedged Items $ in millions At At Investment Securities—AFS Amortized cost basis currently or previously hedged $ 34,559 $ 34,073 Basis adjustments included in amortized cost 1 $ (1,152) $ (1,628) Deposits Carrying amount currently or previously hedged $ 6,162 $ 3,735 Basis adjustments included in carrying amount 1 $ (65) $ (119) Borrowings Carrying amount currently or previously hedged $ 147,736 $ 146,025 Basis adjustments included in carrying amount — Outstanding hedges $ (10,510) $ (12,748) Basis adjustments included in carrying amount — Terminated hedges $ (692) $ (715) 1. Hedge accounting basis adjustments are primarily related to outstanding hedges.
Schedule of Gains (Losses) on Economic Loan Hedges	Gains (Losses) on Economic Hedges of Loans Three Months Ended March 31, $ in millions 2023 2022 Recognized in Other revenues Credit contracts 1 $ (161) $ 51
Schedule of Net Derivative Liabilities and Collateral Posted	Net Derivative Liabilities and Collateral Posted $ in millions At At Net derivative liabilities with credit risk-related contingent features $ 18,180 $ 20,287 Collateral posted 13,064 12,268
Schedule of Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade	Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade $ in millions At One-notch downgrade $ 497 Two-notch downgrade 359 Bilateral downgrade agreements included in the amounts above 1 $ 748
Schedule of Maximum Potential Payout/Notional of Credit Protection Sold	Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at March 31, 2023 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 12 $ 30 $ 33 $ 15 $ 90 Non-investment grade 5 13 17 6 41 Total $ 17 $ 43 $ 50 $ 21 $ 131 Index and basket CDS Investment grade $ 3 $ 9 $ 14 $ 1 $ 27 Non-investment grade 8 21 104 49 182 Total $ 11 $ 30 $ 118 $ 50 $ 209 Total CDS sold $ 28 $ 73 $ 168 $ 71 $ 340 Other credit contracts — — — — — Total credit protection sold $ 28 $ 73 $ 168 $ 71 $ 340 CDS protection sold with identical protection purchased $ 282 Years to Maturity at December 31, 2022 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 12 $ 29 $ 29 $ 9 $ 79 Non-investment grade 5 13 16 2 36 Total $ 17 $ 42 $ 45 $ 11 $ 115 Index and basket CDS Investment grade $ 3 $ 13 $ 37 $ 3 $ 56 Non-investment grade 8 17 108 19 152 Total $ 11 $ 30 $ 145 $ 22 $ 208 Total CDS sold $ 28 $ 72 $ 190 $ 33 $ 323 Other credit contracts — — — — — Total credit protection sold $ 28 $ 72 $ 190 $ 33 $ 323 CDS protection sold with identical protection purchased $ 262
Schedule of Fair Value Asset (Liability) of Credit Protection Sold	Fair Value Asset (Liability) of Credit Protection Sold 1 $ in millions At At Single-name CDS Investment grade $ 1,168 $ 762 Non-investment grade (722) (808) Total $ 446 $ (46) Index and basket CDS Investment grade $ 924 $ 859 Non-investment grade (2,110) (1,812) Total $ (1,186) $ (953) Total CDS sold $ (740) $ (999) Other credit contracts 6 (1) Total credit protection sold $ (734) $ (1,000) 1. Investment grade/non-investment grade determination is based on the internal credit rating of the reference obligation. Internal credit ratings serve as the CRM’s assessment of credit risk and the basis for a comprehensive credit limits framework used to control credit risk. The Firm uses quantitative models and judgment to estimate the various risk parameters related to each obligor.
Schedule of Protection Purchased with CDS	Protection Purchased with CDS Notional $ in billions At At Single name $ 159 $ 140 Index and basket 181 173 Tranched index and basket 31 26 Total $ 371 $ 339 Fair Value Asset (Liability) $ in millions At At Single name $ (645) $ (33) Index and basket 1,595 1,248 Tranched index and basket (428) (217) Total $ 522 $ 998

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of AFS and HTM Securities	AFS and HTM Securities At March 31, 2023 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 54,861 $ 31 $ 1,845 $ 53,047 U.S. agency securities 2 25,272 2 2,508 22,766 Agency CMBS 6,020 — 465 5,555 State and municipal securities 1,492 32 22 1,502 FFELP student loan ABS 3 1,093 — 31 1,062 Total AFS securities 88,738 65 4,871 83,932 HTM securities U.S. Treasury securities 27,709 — 1,456 26,253 U.S. agency securities 2 43,343 — 7,885 35,458 Agency CMBS 1,770 — 138 1,632 Non-agency CMBS 1,190 2 116 1,076 Total HTM securities 74,012 2 9,595 64,419 Total investment securities $ 162,750 $ 67 $ 14,466 $ 148,351 At December 31, 2022 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 56,103 $ 17 $ 2,254 $ 53,866 U.S. agency securities 2 23,926 1 2,753 21,174 Agency CMBS 5,998 — 470 5,528 Non-agency CMBS — — — — Corporate bonds — — — — State and municipal securities 2,598 71 42 2,627 FFELP student loan ABS 3 1,147 — 45 1,102 Total AFS securities 89,772 89 5,564 84,297 HTM securities U.S. Treasury securities 28,599 — 1,845 26,754 U.S. agency securities 2 44,038 — 8,487 35,551 Agency CMBS 1,819 — 152 1,667 Non-agency CMBS 1,178 — 144 1,034 Total HTM securities 75,634 — 10,628 65,006 Total investment securities $ 165,406 $ 89 $ 16,192 $ 149,303 1. Amounts are net of any ACL. 2. U.S. agency securities consist mainly of agency mortgage pass-through pool securities, CMOs and agency-issued debt.
Schedule of AFS Securities in an Unrealized Loss Position	AFS Securities in an Unrealized Loss Position At At $ in millions Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses U.S. Treasury securities Less than 12 months $ 22,043 $ 1,078 $ 42,144 $ 1,711 12 months or longer 24,271 767 11,454 543 Total 46,314 1,845 53,598 2,254 U.S. agency securities Less than 12 months 8,293 485 13,662 1,271 12 months or longer 13,505 2,023 7,060 1,482 Total 21,798 2,508 20,722 2,753 Agency CMBS Less than 12 months 5,299 436 5,343 448 12 months or longer 256 29 185 22 Total 5,555 465 5,528 470 State and municipal securities Less than 12 months 231 1 2,106 40 12 months or longer 516 21 65 2 Total 747 22 2,171 42 FFELP student loan ABS Less than 12 months 475 11 627 23 12 months or longer 573 20 476 22 Total 1,048 31 1,103 45 Total AFS securities in an unrealized loss position Less than 12 months 36,341 2,011 63,882 3,493 12 months or longer 39,121 2,860 19,240 2,071 Total $ 75,462 $ 4,871 $ 83,122 $ 5,564
Schedule of Investment Securities by Contractual Maturity	Investment Securities by Contractual Maturity At March 31, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2,3 AFS securities U.S. Treasury securities: Due within 1 year $ 16,150 $ 15,862 1.0 % After 1 year through 5 years 38,017 36,492 1.3 % After 5 years through 10 years 694 693 3.6 % Total 54,861 53,047 U.S. agency securities: Due within 1 year 23 22 (0.2) % After 1 year through 5 years 422 394 1.5 % After 5 years through 10 years 716 659 1.8 % After 10 years 24,111 21,691 3.1 % Total 25,272 22,766 Agency CMBS: After 1 year through 5 years 1,773 1,676 1.8 % After 5 years through 10 years 2,992 2,823 2.0 % After 10 years 1,255 1,056 1.3 % Total 6,020 5,555 State and municipal securities: Due within 1 year 12 12 3.8 % After 1 year through 5 years 48 49 3.9 % After 5 years through 10 years 88 90 3.8 % After 10 Years 1,344 1,351 3.9 % Total 1,492 1,502 FFELP student loan ABS: After 1 year through 5 years 110 105 5.5 % After 5 years through 10 years 114 109 5.4 % After 10 years 869 848 5.6 % Total 1,093 1,062 Total AFS securities 88,738 83,932 1.9 % At March 31, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2 HTM securities U.S. Treasury securities: Due within 1 year 6,634 6,515 1.8 % After 1 year through 5 years 15,649 14,907 1.9 % After 5 years through 10 years 3,866 3,614 2.4 % After 10 years 1,560 1,217 2.3 % Total 27,709 26,253 U.S. agency securities: After 1 year through 5 years 8 7 1.8 % After 5 years through 10 years 351 326 2.1 % After 10 years 42,984 35,125 1.8 % Total 43,343 35,458 Agency CMBS: Due within 1 year 329 322 0.8 % After 1 year through 5 years 1,136 1,053 1.4 % After 5 years through 10 years 174 150 1.4 % After 10 years 131 107 1.6 % Total 1,770 1,632 Non-agency CMBS: Due within 1 year 198 195 4.0 % After 1 year through 5 years 251 233 4.1 % After 5 years through 10 years 706 617 3.8 % After 10 years 35 31 3.6 % Total 1,190 1,076 Total HTM securities 74,012 64,419 1.9 % Total investment securities 162,750 148,351 1.9 % 1. Amounts are net of any ACL. 2. Annualized average yield is computed using the effective yield, weighted based on the amortized cost of each security. The effective yield is shown pre-tax and excludes the effect of related hedging derivatives. 3. At March 31, 2023, the annualized average yield, including the interest rate swap accrual of related hedges, was 1.0% for AFS securities contractually maturing within 1 year and 2.6% for all AFS securities.
Schedule of Gross Realized Gains (Losses) on Sales of AFS Securities	Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended $ in millions 2023 2022 Gross realized gains $ 44 $ 126 Gross realized (losses) (3) (82) Total 1 $ 41 $ 44 1. Realized gains and losses are recognized in Other revenues in the income statement.

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	3 Months Ended
	Mar. 31, 2023
Collateralized Agreements [Abstract]
Schedule of Offsetting of Certain Collateralized Transactions	Offsetting of Certain Collateralized Transactions At March 31, 2023 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 223,056 $ (101,171) $ 121,885 $ (118,330) $ 3,555 Securities borrowed 157,967 (11,751) 146,216 (142,775) 3,441 Liabilities Securities sold under agreements to repurchase $ 161,662 $ (101,171) $ 60,491 $ (56,242) $ 4,249 Securities loaned 27,339 (11,751) 15,588 (15,135) 453 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 3,252 Securities borrowed 620 Securities sold under agreements to repurchase 3,368 Securities loaned 215 At December 31, 2022 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 240,355 $ (126,448) $ 113,907 $ (109,902) $ 4,005 Securities borrowed 145,340 (11,966) 133,374 (128,073) 5,301 Liabilities Securities sold under agreements to repurchase $ 188,982 $ (126,448) $ 62,534 $ (57,395) $ 5,139 Securities loaned 27,645 (11,966) 15,679 (15,199) 480 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 1,696 Securities borrowed 624 Securities sold under agreements to repurchase 3,861 Securities loaned 250 1. Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.
Schedule of Gross Secured Financing Balances	Gross Secured Financing Balances by Remaining Contractual Maturity At March 31, 2023 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 63,922 $ 41,521 $ 17,262 $ 38,957 $ 161,662 Securities loaned 14,786 1 987 11,565 27,339 Total included in the offsetting disclosure $ 78,708 $ 41,522 $ 18,249 $ 50,522 $ 189,001 Trading liabilities— 25,112 — — — 25,112 Total $ 103,820 $ 41,522 $ 18,249 $ 50,522 $ 214,113 At December 31, 2022 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 54,551 $ 77,359 $ 20,586 $ 36,486 $ 188,982 Securities loaned 15,150 882 1,984 9,629 27,645 Total included in the offsetting disclosure $ 69,701 $ 78,241 $ 22,570 $ 46,115 $ 216,627 Trading liabilities— 22,880 — — — 22,880 Total $ 92,581 $ 78,241 $ 22,570 $ 46,115 $ 239,507 Gross Secured Financing Balances by Class of Collateral Pledged $ in millions At At Securities sold under agreements to repurchase U.S. Treasury and agency securities $ 46,714 $ 57,761 Other sovereign government obligations 78,048 98,839 Corporate equities 20,250 19,340 Other 16,650 13,042 Total $ 161,662 $ 188,982 Securities loaned Other sovereign government obligations $ 913 $ 862 Corporate equities 25,312 26,289 Other 1,114 494 Total $ 27,339 $ 27,645 Total included in the offsetting disclosure $ 189,001 $ 216,627 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 25,025 $ 22,833 Other 87 47 Total $ 25,112 $ 22,880 Total $ 214,113 $ 239,507
Schedule of Carrying Value of Assets Loaned or Pledged Without Counterparty Right to Sell or Repledge	Carrying Value of Assets Loaned or Pledged $ in millions At At $ 34,669 $ 34,524
Schedule of Fair Value of Collateral Received with Right to Sell or Repledge	Fair Value of Collateral Received with Right to Sell or Repledge $ in millions At At Collateral received with right to sell or repledge $ 681,133 $ 637,941 Collateral that was sold or repledged 1 525,199 486,820
Schedule of Securities Segregated for Regulatory Purposes	Securities Segregated for Regulatory Purposes $ in millions At At Segregated securities 1 $ 28,959 $ 32,254 1. Securities segregated under federal regulations for the Firm’s U.S. broker-dealers are sourced from Securities purchased under agreements to resell and Trading assets in the balance sheet.
Schedule of Customer Margin Lending	Customer Margin and Other Lending $ in millions At At Margin and other lending $ 39,354 $ 38,524

Loans, Lending Commitments an_2

Loans, Lending Commitments and Related Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Loans by Type	Loans by Type At March 31, 2023 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 7,435 $ 11,150 $ 18,585 Secured lending facilities 37,187 3,006 40,193 Commercial real estate 8,601 948 9,549 Residential real estate 55,400 25 55,425 Securities-based lending and Other loans 91,897 17 91,914 Total loans 200,520 15,146 215,666 ACL (970) (970) Total loans, net $ 199,550 $ 15,146 $ 214,696 Loans to non-U.S. borrowers, net $ 24,395 At December 31, 2022 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 6,589 $ 10,634 $ 17,223 Secured lending facilities 35,606 3,176 38,782 Commercial real estate 8,515 926 9,441 Residential real estate 54,460 4 54,464 Securities-based lending and Other loans 94,666 48 94,714 Total loans 199,836 14,788 214,624 ACL (839) (839) Total loans, net $ 198,997 $ 14,788 $ 213,785 Loans to non-U.S. borrowers, net $ 23,651
Schedule of Loans by Interest Rate Type	Loans by Interest Rate Type At March 31, 2023 At December 31, 2022 $ in millions Fixed Rate Floating or Adjustable Rate Fixed Rate Floating or Adjustable Rate Corporate $ — $ 18,584 $ — $ 17,223 Secured lending facilities — 40,193 — 38,782 Commercial real estate 204 9,346 204 9,237 Residential real estate 25,515 29,909 24,903 29,561 Securities-based lending and Other loans 22,253 69,662 24,077 70,637 Total loans, before ACL $ 47,972 $ 167,694 $ 49,184 $ 165,440
Schedule of Loans Held for Investment	Loans Held for Investment before Allowance by Origination Year At March 31, 2023 At December 31, 2022 Corporate $ in millions IG NIG Total IG NIG Total Revolving $ 2,907 $ 4,004 $ 6,911 $ 2,554 $ 3,456 $ 6,010 2023 — 13 13 2022 — 143 143 6 107 113 2021 — 137 137 — 139 139 2020 — 59 59 — 58 58 2019 — 153 153 — 154 154 Prior — 19 19 115 — 115 Total $ 2,907 $ 4,528 $ 7,435 $ 2,675 $ 3,914 $ 6,589 At March 31, 2023 At December 31, 2022 Secured Lending Facilities $ in millions IG NIG Total IG NIG Total Revolving $ 9,338 $ 21,713 $ 31,051 $ 9,445 $ 21,243 $ 30,688 2023 956 255 1,211 2022 1,090 1,489 2,579 1,135 1,336 2,471 2021 257 211 468 254 208 462 2020 — 88 88 — 98 98 2019 60 418 478 60 486 546 Prior 212 1,100 1,312 215 1,126 1,341 Total $ 11,913 $ 25,274 $ 37,187 $ 11,109 $ 24,497 $ 35,606 At March 31, 2023 At December 31, 2022 Commercial Real Estate $ in millions IG NIG Total IG NIG Total Revolving $ — $ 175 $ 175 $ — $ 204 $ 204 2023 — 297 297 2022 388 2,067 2,455 379 2,201 2,580 2021 310 1,554 1,864 239 1,609 1,848 2020 — 739 739 — 728 728 2019 559 1,218 1,777 659 1,152 1,811 Prior 185 1,109 1,294 211 1,133 1,344 Total $ 1,442 $ 7,159 $ 8,601 $ 1,488 $ 7,027 $ 8,515 At March 31, 2023 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 85 $ 30 $ 5 $ 120 $ — $ 120 2023 1,365 293 72 1,514 216 1,730 2022 11,347 2,503 407 13,123 1,134 14,257 2021 11,486 2,467 254 13,240 967 14,207 2020 7,198 1,489 112 8,349 450 8,799 2019 4,151 929 137 4,899 318 5,217 Prior 8,280 2,448 342 10,200 870 11,070 Total $ 43,912 $ 10,159 $ 1,329 $ 51,445 $ 3,955 $ 55,400 At December 31, 2022 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 90 $ 29 $ 5 $ 124 $ — $ 124 2022 11,481 2,533 411 13,276 1,149 14,425 2021 11,604 2,492 257 13,378 975 14,353 2020 7,292 1,501 115 8,452 456 8,908 2019 4,208 946 137 4,968 323 5,291 2018 1,635 447 52 1,965 169 2,134 Prior 6,853 2,072 300 8,492 733 9,225 Total $ 43,163 $ 10,020 $ 1,277 $ 50,655 $ 3,805 $ 54,460 At March 31, 2023 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 73,763 $ 5,988 $ 1,089 $ 80,840 2023 468 138 148 754 2022 1,514 1,115 729 3,358 2021 701 481 295 1,477 2020 — 579 376 955 2019 16 970 545 1,531 Prior 202 1,706 1,074 2,982 Total $ 76,664 $ 10,977 $ 4,256 $ 91,897 December 31, 2022 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 77,115 $ 5,760 $ 1,480 $ 84,355 2022 1,425 1,572 269 3,266 2021 725 525 223 1,473 2020 — 580 418 998 2019 16 913 644 1,573 2018 202 268 304 774 Prior — 1,581 646 2,227 Total $ 79,483 $ 11,199 $ 3,984 $ 94,666 IG—Investment Grade NIG—Non-investment Grade 1. Securities-based loans are subject to collateral maintenance provisions, and at March 31, 2023 and December 31, 2022, these loans are predominantly over-collateralized. For more information on the ACL methodology related to securities-based loans, see Note 2 to the financial statements in the 2022 Form 10-K. 2. Other loans primarily include certain loans originated in the tailored lending business within the Wealth Management business segment. Past Due Loans Held for Investment before Allowance 1 $ in millions At March 31, 2023 At December 31, 2022 Corporate $ 46 $ 112 Secured lending facilities 80 85 Residential real estate 126 158 Securities-based lending and Other loans 19 1 Total $ 271 $ 356 1. The majority of the amounts are past due for a period of greater than 90 days. Nonaccrual Loans Held for Investment before Allowance $ in millions At March 31, 2023 At December 31, 2022 Corporate $ 177 $ 71 Secured lending facilities 89 94 Commercial real estate 353 209 Residential real estate 125 118 Securities-based lending and Other loans 66 10 Total 1 $ 810 $ 502 Nonaccrual loans without an ACL $ 140 $ 117 1. Includes all loans held for investment that are 90 days or more past due as of March 31, 2023 and December 31, 2022.
Schedule of Modified Loans Held for Investment	Modified Loans Held for Investment 1 At March 31, 2023 2 $ in millions Amortized Cost % of Total Loans 3 Term Extension Corporate $ 17 0.2 % Commercial real estate 62 0.7 % Residential real estate 1 — % Total $ 80 Other-than-insignificant Payment Delay Commercial real estate $ 67 0.8 % 1. Lending commitments to borrowers for which the Firm has modified terms of the receivable are $607 million as of March 31, 2023. 2. Loans held for investment that were modified during the current quarter. 3. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. Financial Impact on Modified Loans Held for Investment At March 31, 2023 Term Extension Corporate Added a weighted-average 8 months to the life of modified loans. Commercial real estate Added a weighted-average 2 months to the life of modified loans. Residential real estate Added 4 months to the life of the modified loan. Other-than-insignificant Payment Delay Commercial real estate Provided a forbearance period of 8 months to the borrower of the modified loan.
Schedule of Troubled Debt Restructurings	Troubled Debt Restructurings $ in millions At December 31, 2022 Loans, before ACL $ 29 Allowance for credit losses —
Schedule of Allowance for Credit Losses Rollforward - Loans and Lending Commitments	Gross Charge-offs by Origination Year Three Months Ended March 31, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ (1) $ — $ — $ — $ — $ (1) 2019 — — (29) — (1) (30) Prior — — (40) — — (40) Total $ (1) $ — $ (69) $ — $ (1) $ (71) Allowance for Credit Losses Rollforward and Allocation—Loans $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2022 $ 235 $ 153 $ 275 $ 87 $ 89 $ 839 Gross charge-offs (1) — (69) — (1) (71) Provision (release) 31 — 129 26 15 201 Other — (1) — — 2 1 March 31, 2023 $ 265 $ 152 $ 335 $ 113 $ 105 $ 970 Percent of loans to total loans 1 4 % 18 % 4 % 28 % 46 % 100 % $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2021 $ 165 $ 163 $ 206 $ 60 $ 60 $ 654 Gross charge-offs — (3) (7) — (1) (11) Provision (release) 6 12 6 13 2 39 Other (1) — (2) — — (3) March 31, 2022 $ 170 $ 172 $ 203 $ 73 $ 61 $ 679 Percent of loans to total loans 1 3 % 16 % 5 % 26 % 50 % 100 % CRE—Commercial real estate SBL—Securities-based lending 1. Percent of loans to total loans represents loans held for investment by loan type to total loans held for investment. Allowance for Credit Losses Rollforward—Lending Commitments $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2022 $ 411 $ 51 $ 15 $ 4 $ 23 $ 504 Provision (release) 22 — 7 1 3 33 Other 2 — — — — 2 March 31, 2023 $ 435 $ 51 $ 22 $ 5 $ 26 $ 539 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total December 31, 2021 $ 356 $ 41 $ 20 $ 1 $ 26 $ 444 Provision (release) 20 8 (7) — (3) 18 Other (3) — — — — (3) March 31, 2022 $ 373 $ 49 $ 13 $ 1 $ 23 $ 459
Schedule of Selected Credit Ratios	Selected Credit Ratios At At ACL for loans to total HFI loans 0.5 % 0.4 % Nonaccrual HFI loans to total HFI loans 1 0.4 % 0.3 % ACL for loans to nonaccrual HFI loans 119.8 % 167.1 % 1. These loans are on nonaccrual status because the loans were past due for a period of 90 days or more or payment of principal or interest was in doubt.
Schedule of Employee Loans	Employee Loans $ in millions At At Currently employed by the Firm 1 $ 4,065 $ 4,023 No longer employed by the Firm 2 105 97 Employee loans $ 4,170 $ 4,120 ACL (138) (139) Employee loans, net of ACL $ 4,032 $ 3,981 Remaining repayment term, weighted average in years 5.8 5.8 1. These loans are predominantly current. 2. These loans are predominantly past due for a period of 90 days or more.

Other Assets - Equity Method _2

Other Assets - Equity Method Investments (Tables)	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Equity Method Investments $ in millions At At Investments $ 1,962 $ 1,927 Three Months Ended $ in millions 2023 2022 Income (loss) $ 25 $ 6
Schedule of Joint Ventures	Japanese Securities Joint Venture Three Months Ended $ in millions 2023 2022 Income (loss) from investment in MUMSS $ 29 $ 4

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2023
Deposits [Abstract]
Schedule of Deposits	Deposits $ in millions At At Savings and demand deposits $ 298,330 $ 319,948 Time deposits 49,193 36,698 Total $ 347,523 $ 356,646 Deposits subject to FDIC insurance $ 263,420 $ 260,420 Deposits not subject to FDIC insurance $ 84,103 $ 96,226
Schedule of Time Deposit Maturities	Time Deposit Maturities $ in millions At 2023 $ 22,647 2024 15,815 2025 5,204 2026 1,982 2027 1,847 Thereafter 1,698 Total $ 49,193

Borrowings and Other Secured _2

Borrowings and Other Secured Financings (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Borrowings	Borrowings $ in millions At At Original maturities of one year or less $ 4,587 $ 4,191 Original maturities greater than one year Senior $ 231,205 $ 221,667 Subordinated 14,390 12,200 Total $ 245,595 $ 233,867 Total borrowings $ 250,182 $ 238,058 Weighted average stated maturity, in years 1 6.7 6.7 1. Only includes borrowings with original maturities greater than one year.
Schedule of Other Secured Financings	Other Secured Financings $ in millions At At Original maturities: One year or less $ 980 $ 944 Greater than one year 7,690 7,214 Total $ 8,670 $ 8,158 Transfers of assets accounted for as secured financings $ 1,138 $ 1,119

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments	Commitments Years to Maturity at March 31, 2023 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 16,630 $ 26,698 $ 57,883 $ 1,819 $ 103,030 Secured lending facilities 7,379 5,943 2,884 1,027 17,233 Commercial and Residential real estate 171 201 19 336 727 Securities-based lending and Other 13,175 4,995 414 522 19,106 Forward-starting secured financing receivables 1 70,011 — — — 70,011 Central counterparty 300 — — 7,255 7,555 Underwriting 300 — — — 300 Investment activities 1,313 290 118 356 2,077 Letters of credit and other financial guarantees 107 35 — 8 150 Total $ 109,386 $ 38,162 $ 61,318 $ 11,323 $ 220,189 Lending commitments participated to third parties $ 7,509 1. Forward-starting secured financing receivables are generally settled within three business days.
Schedule of Obligations under Guarantee Arrangements	Guarantees At March 31, 2023 Maximum Potential Payout/Notional of Obligations by Years to Maturity Carrying Amount Asset (Liability) $ in millions Less than 1 1-3 3-5 Over 5 Non-credit derivatives 1 $ 1,418,449 $ 1,132,093 $ 347,086 $ 692,818 $ (60,437) Standby letters of credit and other financial guarantees issued 2 1,634 635 1,389 2,676 (6) Market value guarantees 2 — — — — Liquidity facilities 2,593 — — — (2) Whole loan sales guarantees — 52 34 23,079 — Securitization representations and warranties 3 — — — 78,695 (3) General partner guarantees 364 30 143 37 (87) Client clearing guarantees 45 — — — — 1. The carrying amounts of derivative contracts that meet the accounting definition of a guarantee are shown on a gross basis. For further information on derivatives contracts, see Note 6. 2. These amounts include certain issued standby letters of credit participated to third parties, totaling $0.6 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of March 31, 2023, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $77 million. 3. Related to commercial and residential mortgage securitizations.
Schedule of Litigation Expenses	While the Firm has identified below any individual proceedings or investigations where the Firm believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or those where potential losses have not yet been determined to be probable or possible and reasonably estimable. The Firm contests liability and/or the amount of damages as appropriate in each pending matter. Where available information indicates that it is probable a liability had been incurred at the date of the financial statements and the Firm can reasonably estimate the amount of that loss, the Firm accrues the estimated loss by a charge to income. Three Months Ended $ in millions 2023 2022 Legal expenses $ 151 $ 84

Variable Interest Entities an_2

Variable Interest Entities and Securitization Activities (Tables)	3 Months Ended
	Mar. 31, 2023
Variable Interest Entities and Securitization Activities [Abstract]
Schedule of Consolidated VIEs	Consolidated VIE Assets and Liabilities by Type of Activity At March 31, 2023 At December 31, 2022 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities MABS 1 $ 944 $ 659 $ 1,153 $ 520 Investment vehicles 2 634 272 638 272 MTOB 664 614 371 322 Other 572 199 519 199 Total $ 2,814 $ 1,744 $ 2,681 $ 1,313 MTOB—Municipal tender option bonds 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets and may be in loan or security form. The value of assets is determined based on the fair value of the liabilities and the interests owned by the Firm in such VIEs as the fair values for the liabilities and interests owned are more observable. 2. Amounts include investment funds and CLOs. Consolidated VIE Assets and Liabilities by Balance Sheet Caption $ in millions At At Assets Cash and cash equivalents $ 141 $ 142 Trading assets at fair value 1,885 2,066 Investment securities 577 255 Securities purchased under agreements to resell 200 200 Customer and other receivables 9 16 Other assets 2 2 Total $ 2,814 $ 2,681 Liabilities Other secured financings $ 1,618 $ 1,185 Other liabilities and accrued expenses 122 124 Borrowings 4 4 Total $ 1,744 $ 1,313 Noncontrolling interests $ 75 $ 71
Schedule of Non-Consolidated VIEs	Non-consolidated VIEs At March 31, 2023 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 132,049 $ 926 $ 3,688 $ 2,619 $ 52,661 Maximum exposure to loss 3 Debt and equity interests $ 16,917 $ 74 $ — $ 1,749 $ 11,751 Derivative and other contracts — — 2,593 — 5,615 Commitments, guarantees and other 1,290 — — — 892 Total $ 18,207 $ 74 $ 2,593 $ 1,749 $ 18,258 Carrying value of variable interests—Assets Debt and equity interests $ 16,917 $ 74 $ — $ 1,558 $ 11,751 Derivative and other contracts — — 3 — 1,731 Total $ 16,917 $ 74 $ 3 $ 1,558 $ 13,482 Additional VIE assets owned 4 $ 14,419 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 5 $ — $ 306 At December 31, 2022 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 123,601 $ 3,162 $ 4,632 $ 2,403 $ 50,178 Maximum exposure to loss 3 Debt and equity interests $ 13,104 $ 274 $ — $ 1,694 $ 11,596 Derivative and other contracts — — 3,200 — 5,211 Commitments, guarantees and other 674 — — — 1,410 Total $ 13,778 $ 274 $ 3,200 $ 1,694 $ 18,217 Carrying value of variable interests – Assets Debt and equity interests $ 13,104 $ 274 $ — $ 1,577 $ 11,596 Derivative and other contracts — — 3 — 1,564 Total $ 13,104 $ 274 $ 3 $ 1,577 $ 13,160 Additional VIE assets owned 4 $ 13,708 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 3 $ — $ 281 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets, and may be in loan or security form. 2. Other primarily includes exposures to commercial real estate property and investment funds. 3. Where notional amounts are utilized in quantifying the maximum exposure related to derivatives, such amounts do not reflect changes in fair value recorded by the Firm.
Schedule of Mortgage- and Asset-Backed Securitization Assets	Detail of Mortgage- and Asset-Backed Securitization Assets At March 31, 2023 At December 31, 2022 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 16,999 $ 2,441 $ 20,428 $ 2,570 Commercial mortgages 69,821 4,594 67,540 4,236 U.S. agency collateralized mortgage obligations 39,959 5,959 32,567 4,729 Other consumer or commercial loans 5,270 3,923 3,066 1,569 Total $ 132,049 $ 16,917 $ 123,601 $ 13,104
Schedule of Transferred Assets with Continuing Involvement	Transferred Assets with Continuing Involvement At March 31, 2023 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 4,095 $ 72,848 $ 7,061 $ 10,689 Retained interests Investment grade $ 138 $ 888 $ 424 $ — Non-investment grade 81 512 — 42 Total $ 219 $ 1,400 $ 424 $ 42 Interests purchased in the secondary market 3 Investment grade $ 17 $ 49 $ 10 $ — Non-investment grade 6 16 — — Total $ 23 $ 65 $ 10 $ — Derivative assets $ — $ — $ — $ 1,151 Derivative liabilities — — — 288 At December 31, 2022 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 3,732 $ 73,069 $ 6,448 $ 10,928 Retained interests Investment grade $ 137 $ 927 $ 367 $ — Non-investment grade 26 465 11 44 Total $ 163 $ 1,392 $ 378 $ 44 Interests purchased in the secondary market 3 Investment grade $ 82 $ 51 $ 10 $ — Non-investment grade 35 23 — — Total $ 117 $ 74 $ 10 $ — Derivative assets $ — $ — $ — $ 1,114 Derivative liabilities — — — 201 Fair Value At March 31, 2023 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 561 $ — $ 561 Non-investment grade 17 51 68 Total $ 578 $ 51 $ 629 Interests purchased in the secondary market 3 Investment grade $ 74 $ 2 $ 76 Non-investment grade 13 9 22 Total $ 87 $ 11 $ 98 Derivative assets $ 1,151 $ — $ 1,151 Derivative liabilities 288 — 288 Fair Value at December 31, 2022 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 489 $ — $ 489 Non-investment grade 25 16 41 Total $ 514 $ 16 $ 530 Interests purchased in the secondary market 3 Investment grade $ 140 $ 3 $ 143 Non-investment grade 42 16 58 Total $ 182 $ 19 $ 201 Derivative assets $ 1,114 $ — $ 1,114 Derivative liabilities 153 48 201 RML—Residential mortgage loans CML—Commercial mortgage loans 1. Amounts include CLO transactions managed by unrelated third parties. 2. Amounts include assets transferred by unrelated transferors. 3. Amounts are only included for transactions where the Firm also holds retained interests as part of the transfer.
Schedule of Proceeds from New Securitization Transactions and Sales of Loans	Proceeds from New Securitization Transactions and Sales of Loans Three Months Ended $ in millions 2023 2022 New transactions 1 $ 2,521 $ 8,260 Retained interests 1,575 1,622 Sales of corporate loans to CLO SPEs 1, 2 — 4 1. Net gains on new transactions and sales of corporate loans to CLO entities at the time of the sale were not material for all periods presented.
Schedule of Assets Sold with Retained Exposure	Assets Sold with Retained Exposure $ in millions At At Gross cash proceeds from sale of assets 1 $ 49,167 $ 49,059 Fair value Assets sold $ 49,824 $ 47,281 Derivative assets recognized in the balance sheet 885 116 Derivative liabilities recognized in the balance sheet 228 1,893

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	3 Months Ended
	Mar. 31, 2023
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	Capital Buffer Requirements At March 31, 2023 and December 31, 2022 Standardized Advanced Capital buffers Capital conservation buffer — 2.5% SCB 5.8% N/A G-SIB capital surcharge 3.0% 3.0% CCyB 1 0% 0% Capital buffer requirement 8.8% 5.5% 1. The CCyB can be set up to 2.5%, but is currently set by the Federal Reserve at zero. Risk-Based Regulatory Capital Ratio Requirements Regulatory Minimum At March 31, 2023 and December 31, 2022 Standardized Advanced Required ratios 1 Common Equity Tier 1 capital ratio 4.5 % 13.3% 10.0% Tier 1 capital ratio 6.0 % 14.8% 11.5% Total capital ratio 8.0 % 16.8% 13.5% 1. Required ratios represent the regulatory minimum plus the capital buffer requirement. The Firm’s Regulatory Capital and Capital Ratios $ in millions Required 1 At March 31, At December 31, 2022 Risk-based capital Common Equity Tier 1 capital $ 69,454 $ 68,670 Tier 1 capital 77,947 77,191 Total capital 89,794 86,575 Total RWA 459,107 447,849 Common Equity Tier 1 capital ratio 13.3 % 15.1 % 15.3 % Tier 1 capital ratio 14.8 % 17.0 % 17.2 % Total capital ratio 16.8 % 19.6 % 19.3 % $ in millions Required Ratio 1 At March 31, At December 31, 2022 Leverage-based capital Adjusted average assets 2 $ 1,168,328 $ 1,150,772 Tier 1 leverage ratio 4.0 % 6.7 % 6.7 % Supplementary leverage exposure 3 $ 1,422,808 $ 1,399,403 SLR 5.0 % 5.5 % 5.5 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. 2. Adjusted average assets represents the denominator of the Tier 1 leverage ratio and is composed of the average daily balance of consolidated on-balance sheet assets for the quarters ending on the respective balance sheet dates, reduced by disallowed goodwill, intangible assets, investments in covered funds, defined benefit pension plan assets, after-tax gain on sale from assets sold into securitizations, investments in the Firm’s own capital instruments, certain defined tax assets and other capital deductions.
MSBNA
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	MSBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At March 31, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 21,485 21.5 % $ 20,043 20.5 % Tier 1 capital 8.0 % 8.5 % 21,485 21.5 % 20,043 20.5 % Total capital 10.0 % 10.5 % 22,221 22.3 % 20,694 21.1 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 21,485 10.5 % $ 20,043 10.1 % SLR 6.0 % 3.0 % 21,485 8.3 % 20,043 8.1 %
MSPBNA
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	MSPBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At March 31, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 16,321 28.3 % $ 15,546 27.5 % Tier 1 capital 8.0 % 8.5 % 16,321 28.3 % 15,546 27.5 % Total capital 10.0 % 10.5 % 16,521 28.6 % 15,695 27.8 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 16,321 8.1 % $ 15,546 7.6 % SLR 6.0 % 3.0 % 16,321 7.8 % 15,546 7.4 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. Failure to maintain the buffers would result in restrictions on the ability to make capital distributions, including the payment of dividends.
MS&Co.
Regulatory Requirements
Schedule of Broker-Dealer Regulatory Capital Requirements	MS&Co. Regulatory Capital $ in millions At March 31, At December 31, Net capital $ 17,616 $ 17,224 Excess net capital 13,134 12,861

Total Equity (Tables)

Total Equity (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Preferred Stock Outstanding and Preferred Stock Dividends	Preferred Stock Shares Outstanding Carrying Value $ in millions, except per share data At Liquidation At At Series A 44,000 $ 25,000 $ 1,100 $ 1,100 C 1 519,882 1,000 408 408 E 34,500 25,000 862 862 F 34,000 25,000 850 850 I 40,000 25,000 1,000 1,000 K 40,000 25,000 1,000 1,000 L 20,000 25,000 500 500 M 400,000 1,000 430 430 N 3,000 100,000 300 300 O 52,000 25,000 1,300 1,300 P 40,000 25,000 1,000 1,000 Total $ 8,750 $ 8,750 Shares authorized 30,000,000 1. Series C preferred stock is held by MUFG. Dividends $ in millions, except per Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 343 $ 15 $ 242 $ 11 C 25 13 25 13 E 445 15 445 15 F 430 14 430 14 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 3 2,650 8 2,650 8 O 4 266 14 266 14 P 406 16 — — Total Preferred stock $ 144 $ 124 Common stock $ 0.775 $ 1,305 $ 0.700 $ 1,252 1. Common and Preferred Stock dividends are payable quarterly unless otherwise noted. 2. Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly. 3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly.
Schedule of Share Repurchases	Share Repurchases Three Months Ended March 31, $ in millions 2023 2022 Repurchases of common stock under the Firm’s Share Repurchase Authorization $ 1,500 $ 2,872
Schedule of Common Shares Outstanding for Basic and Diluted EPS	Common Shares Outstanding for Basic and Diluted EPS Three Months Ended in millions 2023 2022 Weighted average common shares outstanding, basic 1,645 1,733 Effect of dilutive RSUs and PSUs 18 22 Weighted average common shares outstanding and common stock equivalents, diluted 1,663 1,755 Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) 4 5
Schedule of Common Stock Dividends Per Share	Dividends $ in millions, except per Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 343 $ 15 $ 242 $ 11 C 25 13 25 13 E 445 15 445 15 F 430 14 430 14 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 3 2,650 8 2,650 8 O 4 266 14 266 14 P 406 16 — — Total Preferred stock $ 144 $ 124 Common stock $ 0.775 $ 1,305 $ 0.700 $ 1,252 1. Common and Preferred Stock dividends are payable quarterly unless otherwise noted. 2. Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly. 3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly.
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) 1 $ in millions CTA AFS Securities Pension and Other DVA Cash Flow Hedges Total December 31, 2022 $ (1,204) $ (4,192) $ (508) $ (345) $ (4) $ (6,253) OCI during the period 32 512 (1) (8) 7 542 March 31, 2023 $ (1,172) $ (3,680) $ (509) $ (353) $ 3 $ (5,711) December 31, 2021 $ (1,002) $ 245 $ (551) $ (1,794) $ — $ (3,102) OCI during the period (48) (2,395) 5 638 — (1,800) March 31, 2022 $ (1,050) $ (2,150) $ (546) $ (1,156) $ — $ (4,902) 1. Amounts are net of tax and noncontrolling interests.
Schedule of Components of Period Changes in OCI	Three Months Ended March 31, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (10) $ 30 $ 20 $ (12) $ 32 Reclassified to earnings — — — — — Net OCI $ (10) $ 30 $ 20 $ (12) $ 32 Change in net unrealized gains (losses) on AFS securities OCI activity $ 710 $ (167) $ 543 $ — $ 543 Reclassified to earnings (41) 10 (31) — (31) Net OCI $ 669 $ (157) $ 512 $ — $ 512 Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings (1) — (1) — (1) Net OCI $ (1) $ — $ (1) $ — $ (1) Change in net DVA OCI activity $ (30) $ 10 $ (20) $ (7) $ (13) Reclassified to earnings 6 (1) 5 — 5 Net OCI $ (24) $ 9 $ (15) $ (7) $ (8) Change in fair value of cash flow hedge derivatives OCI activity $ 7 $ (1) $ 6 $ — $ 6 Reclassified to earnings 1 — 1 — 1 Net OCI $ 8 $ (1) $ 7 $ — $ 7 Three Months Ended March 31, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (60) $ (45) $ (105) $ (57) $ (48) Reclassified to earnings — — — — — Net OCI $ (60) $ (45) $ (105) $ (57) $ (48) Change in net unrealized gains (losses) on AFS securities OCI activity $ (3,084) $ 723 $ (2,361) $ — $ (2,361) Reclassified to earnings (44) 10 (34) — (34) Net OCI $ (3,128) $ 733 $ (2,395) $ — $ (2,395) Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings 5 — 5 — 5 Net OCI $ 5 $ — $ 5 $ — $ 5 Change in net DVA OCI activity $ 871 $ (211) $ 660 $ 22 $ 638 Reclassified to earnings — — — — — Net OCI $ 871 $ (211) $ 660 $ 22 $ 638

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2023
Interest Income (Expense), Net [Abstract]
Schedule of Details of Interest Income and Interest Expense	Three Months Ended $ in millions 2023 2022 Interest income Investment securities $ 1,018 $ 777 Loans 2,815 1,156 Securities purchased under agreements to resell 1 1,477 13 Securities borrowed 2 1,172 (217) Trading assets, net of Trading liabilities 913 524 Customer receivables and Other 3 3,475 397 Total interest income $ 10,870 $ 2,650 Interest expense Deposits $ 1,575 $ 73 Borrowings 2,506 685 Securities sold under agreements to repurchase 4 1,218 49 Securities loaned 5 164 93 Customer payables and Other 6 3,061 (466) Total interest expense $ 8,524 $ 434 Net interest $ 2,346 $ 2,216 1. Includes interest paid on Securities purchased under agreements to resell. 2. Includes fees paid on Securities borrowed. 3. Includes interest from Cash and cash equivalents. 4. Includes interest received on Securities sold under agreements to repurchase. 5. Includes fees received on Securities loaned.
Schedule of Accrued Interest	Accrued Interest $ in millions At March 31, At December 31, Customer and other receivables $ 3,842 $ 4,139 Customer and other payables 3,957 4,273

Segment, Geographic and Reven_2

Segment, Geographic and Revenue Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Selected Financial Information by Business Segment	Selected Financial Information by Business Segment Three Months Ended March 31, 2023 $ in millions IS WM IM I/E Total Investment banking $ 1,247 $ 104 $ — $ (21) $ 1,330 Trading 4,257 227 (16) 9 4,477 Investments 28 16 101 — 145 Commissions and fees 1 714 590 — (65) 1,239 Asset management 1,2 148 3,382 1,248 (50) 4,728 Other 180 82 (6) (4) 252 Total non-interest revenues 6,574 4,401 1,327 (131) 12,171 Interest income 7,758 3,627 29 (544) 10,870 Interest expense 7,535 1,469 67 (547) 8,524 Net interest 223 2,158 (38) 3 2,346 Net revenues $ 6,797 $ 6,559 $ 1,289 $ (128) $ 14,517 Provision for credit losses $ 189 $ 45 $ — $ — $ 234 Compensation and benefits 2,365 3,477 568 — 6,410 Non-compensation expenses 2,351 1,325 555 (118) 4,113 Total non-interest expenses $ 4,716 $ 4,802 $ 1,123 $ (118) $ 10,523 Income before provision for income taxes $ 1,892 $ 1,712 $ 166 $ (10) $ 3,760 Provision for income taxes 363 336 30 (2) 727 Net income 1,529 1,376 136 (8) 3,033 Net income applicable to noncontrolling interests 51 — 2 — 53 Net income applicable to Morgan Stanley $ 1,478 $ 1,376 $ 134 $ (8) $ 2,980 Three Months Ended March 31, 2022 $ in millions IS WM IM I/E Total Investment banking $ 1,634 $ 143 $ — $ (19) $ 1,758 Trading 4,205 (231) (9) 18 3,983 Investments 99 12 (36) — 75 Commissions and fees 1 774 723 — (81) 1,416 Asset management 1,2 147 3,626 1,388 (42) 5,119 Other 117 122 (2) (3) 234 Total non-interest revenues 6,976 4,395 1,341 (127) 12,585 Interest income 1,062 1,637 7 (56) 2,650 Interest expense 381 97 13 (57) 434 Net interest 681 1,540 (6) 1 2,216 Net revenues $ 7,657 $ 5,935 $ 1,335 $ (126) $ 14,801 Provision for credit losses $ 44 $ 13 $ — $ — $ 57 Compensation and benefits 2,604 3,125 545 — 6,274 Non-compensation expenses 2,222 1,224 562 (126) 3,882 Total non-interest expenses $ 4,826 $ 4,349 $ 1,107 $ (126) $ 10,156 Income before provision for income taxes $ 2,787 $ 1,573 $ 228 $ — $ 4,588 Provision for income taxes 535 301 37 — 873 Net income 2,252 1,272 191 — 3,715 Net income applicable to noncontrolling interests 61 — (12) — 49 Net income applicable to Morgan Stanley $ 2,191 $ 1,272 $ 203 $ — $ 3,666 1. Substantially all revenues are from contracts with customers. 2. Includes certain fees that may relate to services performed in prior periods.
Schedule of Investment Banking Revenues	Detail of Investment Banking Revenues Three Months Ended $ in millions 2023 2022 Institutional Securities Advisory $ 638 $ 944 Institutional Securities Underwriting 609 690 Firm Investment banking revenues from contracts with customers 89 % 90 %
Schedule of Trading Revenues by Product Type	Trading Revenues by Product Type Three Months Ended $ in millions 2023 2022 Interest rate $ 1,368 $ 391 Foreign exchange 262 648 Equity 1 2,212 2,007 Commodity and other 539 525 Credit 96 412 Total $ 4,477 $ 3,983
Schedule of Net Unrealized Carried Interest and Reduction of Fees due to Fee Waivers	Investment Management Investments Revenues—Net Cumulative Unrealized Carried Interest $ in millions At At Net cumulative unrealized performance-based fees at risk of reversing $ 815 $ 819 Investment Management Asset Management Revenues—Reduction of Fees Due to Fee Waivers Three Months Ended $ in millions 2023 2022 Fee waivers $ 18 $ 124
Schedule of Other Expenses - Transaction Taxes	Other Expenses—Transaction Taxes Three Months Ended $ in millions 2023 2022 Transaction taxes $ 214 $ 258
Schedule of Net Revenues by Region	Net Revenues by Region Three Months Ended $ in millions 2023 2022 Americas $ 10,791 $ 10,464 EMEA 1,737 2,311 Asia 1,989 2,026 Total $ 14,517 $ 14,801
Schedule of Revenue Recognized from Prior Services	Revenues Recognized from Prior Services Three Months Ended $ in millions 2023 2022 Non-interest revenues $ 704 $ 1,005
Schedule of Receivables from Contracts with Customers	Receivables from Contracts with Customers $ in millions At At Customer and other receivables $ 2,182 $ 2,577
Schedule of Assets by Business Segment	Assets by Business Segment $ in millions At At Institutional Securities $ 819,195 $ 789,837 Wealth Management 363,405 373,305 Investment Management 17,304 17,089 Total 1 $ 1,199,904 $ 1,180,231

Cash and Cash Equivalents - Sum

Cash and Cash Equivalents - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and due from banks	$ 5,336	$ 5,409
Interest bearing deposits with banks	105,922	122,718
Total Cash and cash equivalents	111,258	128,127
Restricted cash	$ 33,229	$ 35,380

Fair Values - Assets and Liabil

Fair Values - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets at fair value
Derivative and other contracts	$ 40,423	$ 44,212
Investment securities	148,351	149,303
Total trading assets	320,301	301,315
Investment securities—AFS	83,932	84,297
Securities purchased under agreements to resell	8	8
Liabilities at fair value
Deposits	5,042	4,796
Derivative and other contracts	29,029	38,135
Securities sold under agreements to repurchase	872	864
Other secured financings	5,005	4,550
Borrowings	86,422	78,720
State and municipal securities
Assets at fair value
Investment securities—AFS	1,502	2,627
Recurring
Assets at fair value
Netting	(38,758)	(55,777)
Liabilities at fair value
Netting	(44,644)	(57,107)
Borrowings	86,422	78,720
Recurring | Interest rate
Liabilities at fair value
Borrowings	27,791	26,077
Recurring | Credit
Liabilities at fair value
Borrowings	1,954	1,564
Recurring | Foreign exchange
Liabilities at fair value
Borrowings	1,785	1,417
Recurring | Equity
Liabilities at fair value
Borrowings	43,705	38,945
Recurring | Commodity and other
Liabilities at fair value
Borrowings	11,187	10,717
Recurring | Loans and lending commitments
Assets at fair value
Trading assets	8,031	8,397
Recurring | Total
Assets at fair value
Derivative and other contracts	40,423	44,212
Netting	(283,294)	(325,294)
Investment securities	2,461	2,260
Physical commodities	2,349	2,379
Total trading assets	314,877	295,861
Investment securities—AFS	83,932	84,297
Securities purchased under agreements to resell	8	8
Total assets at fair value	398,817	380,166
Liabilities at fair value
Deposits	5,042	4,796
Trading liabilities	170,763	154,438
Derivative and other contracts	29,029	38,135
Netting	(289,180)	(326,624)
Securities sold under agreements to repurchase	872	864
Other secured financings	5,005	4,550
Borrowings	86,422	78,720
Total liabilities at fair value	268,104	243,368
Recurring | Total | Interest rate
Assets at fair value
Derivative and other contracts	159,124	171,390
Liabilities at fair value
Derivative and other contracts	151,059	165,158
Recurring | Total | Credit
Assets at fair value
Derivative and other contracts	9,793	8,301
Liabilities at fair value
Derivative and other contracts	10,011	8,302
Recurring | Total | Foreign exchange
Assets at fair value
Derivative and other contracts	83,615	115,998
Liabilities at fair value
Derivative and other contracts	82,150	113,589
Recurring | Total | Equity
Assets at fair value
Derivative and other contracts	49,155	43,355
Liabilities at fair value
Derivative and other contracts	55,731	51,331
Recurring | Total | Commodity and other
Assets at fair value
Derivative and other contracts	22,030	30,462
Liabilities at fair value
Derivative and other contracts	19,258	26,379
Recurring | Total | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	23,822	21,004
Recurring | Total | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	38,569	25,926
Recurring | Total | Corporate and other debt
Liabilities at fair value
Trading liabilities	11,053	8,815
Recurring | Total | Corporate equities
Liabilities at fair value
Trading liabilities	68,290	60,558
Recurring | Total | U.S. Treasury and agency securities
Assets at fair value
Trading assets	93,871	80,742
Recurring | Total | Other sovereign government obligations
Assets at fair value
Trading assets	35,823	29,582
Recurring | Total | State and municipal securities
Assets at fair value
Trading assets	1,688	1,648
Recurring | Total | MABS
Assets at fair value
Trading assets	1,994	2,190
Recurring | Total | Loans and lending commitments
Assets at fair value
Trading assets	8,031	8,397
Recurring | Total | Corporate and other debt
Assets at fair value
Trading assets	30,047	25,447
Recurring | Total | Corporate equities
Assets at fair value
Equity securities	98,190	99,004
Recurring | Level 1
Assets at fair value
Derivative and other contracts	1,091	3,299
Netting	(10,169)	(9,618)
Investment securities	795	652
Physical commodities	0	0
Total trading assets	182,355	164,926
Investment securities—AFS	53,047	53,866
Securities purchased under agreements to resell	0	0
Total assets at fair value	235,402	218,792
Liabilities at fair value
Deposits	0	0
Trading liabilities	129,423	107,379
Derivative and other contracts	1,790	3,370
Netting	(10,169)	(9,618)
Securities sold under agreements to repurchase	0	0
Other secured financings	0	0
Borrowings	0	0
Total liabilities at fair value	129,423	107,379
Recurring | Level 1 | Interest rate
Assets at fair value
Derivative and other contracts	5,112	4,481
Liabilities at fair value
Derivative and other contracts	5,094	3,446
Recurring | Level 1 | Credit
Assets at fair value
Derivative and other contracts	0	0
Liabilities at fair value
Derivative and other contracts	0	0
Recurring | Level 1 | Foreign exchange
Assets at fair value
Derivative and other contracts	64	49
Liabilities at fair value
Derivative and other contracts	55	89
Recurring | Level 1 | Equity
Assets at fair value
Derivative and other contracts	1,900	2,778
Liabilities at fair value
Derivative and other contracts	2,194	3,266
Recurring | Level 1 | Commodity and other
Assets at fair value
Derivative and other contracts	4,184	5,609
Liabilities at fair value
Derivative and other contracts	4,616	6,187
Recurring | Level 1 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	23,790	20,776
Recurring | Level 1 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	35,965	23,235
Recurring | Level 1 | Corporate and other debt
Liabilities at fair value
Trading liabilities	0	0
Recurring | Level 1 | Corporate equities
Liabilities at fair value
Trading liabilities	67,878	59,998
Recurring | Level 1 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	53,525	38,462
Recurring | Level 1 | Other sovereign government obligations
Assets at fair value
Trading assets	29,842	24,644
Recurring | Level 1 | State and municipal securities
Assets at fair value
Trading assets	0	0
Recurring | Level 1 | MABS
Assets at fair value
Trading assets	0	0
Recurring | Level 1 | Loans and lending commitments
Assets at fair value
Trading assets	0	0
Recurring | Level 1 | Corporate and other debt
Assets at fair value
Trading assets	0	0
Recurring | Level 1 | Corporate equities
Assets at fair value
Equity securities	97,102	97,869
Recurring | Level 2
Assets at fair value
Derivative and other contracts	74,157	92,536
Netting	(233,264)	(258,821)
Investment securities	711	685
Physical commodities	2,349	2,379
Total trading assets	161,294	176,659
Investment securities—AFS	30,885	30,396
Securities purchased under agreements to resell	8	8
Total assets at fair value	192,187	207,063
Liabilities at fair value
Deposits	5,013	4,776
Trading liabilities	82,610	100,310
Derivative and other contracts	68,669	88,090
Netting	(233,264)	(258,821)
Securities sold under agreements to repurchase	358	352
Other secured financings	4,890	4,459
Borrowings	84,773	77,133
Total liabilities at fair value	177,644	187,030
Recurring | Level 2 | Interest rate
Assets at fair value
Derivative and other contracts	153,365	166,392
Liabilities at fair value
Derivative and other contracts	145,101	161,044
Recurring | Level 2 | Credit
Assets at fair value
Derivative and other contracts	9,437	7,876
Liabilities at fair value
Derivative and other contracts	9,703	7,987
Recurring | Level 2 | Foreign exchange
Assets at fair value
Derivative and other contracts	83,371	115,766
Liabilities at fair value
Derivative and other contracts	81,981	113,383
Recurring | Level 2 | Equity
Assets at fair value
Derivative and other contracts	46,948	40,171
Liabilities at fair value
Derivative and other contracts	52,453	46,923
Recurring | Level 2 | Commodity and other
Assets at fair value
Derivative and other contracts	14,300	21,152
Liabilities at fair value
Derivative and other contracts	12,695	17,574
Recurring | Level 2 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	32	228
Recurring | Level 2 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	2,531	2,688
Recurring | Level 2 | Corporate and other debt
Liabilities at fair value
Trading liabilities	11,007	8,786
Recurring | Level 2 | Corporate equities
Liabilities at fair value
Trading liabilities	371	518
Recurring | Level 2 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	40,345	42,263
Recurring | Level 2 | Other sovereign government obligations
Assets at fair value
Trading assets	5,785	4,769
Recurring | Level 2 | State and municipal securities
Assets at fair value
Trading assets	1,685	1,503
Recurring | Level 2 | MABS
Assets at fair value
Trading assets	1,540	1,774
Recurring | Level 2 | Loans and lending commitments
Assets at fair value
Trading assets	5,974	6,380
Recurring | Level 2 | Corporate and other debt
Assets at fair value
Trading assets	27,804	23,351
Recurring | Level 2 | Corporate equities
Assets at fair value
Equity securities	944	1,019
Recurring | Level 3
Assets at fair value
Equity securities	144	116
Derivative and other contracts	3,933	4,154
Netting	(1,103)	(1,078)
Investment securities	955	923
Physical commodities	0	0
Total trading assets	9,986	10,053
Investment securities—AFS	0	35
Securities purchased under agreements to resell	0	0
Total assets at fair value	9,986	10,088
Liabilities at fair value
Deposits	29	20
Trading liabilities	3,374	3,856
Derivative and other contracts	3,214	3,782
Netting	(1,103)	(1,078)
Securities sold under agreements to repurchase	514	512
Other secured financings	115	91
Borrowings	1,649	1,587
Total liabilities at fair value	5,681	6,066
Recurring | Level 3 | Interest rate
Assets at fair value
Derivative and other contracts	647	517
Liabilities at fair value
Derivative and other contracts	864	668
Recurring | Level 3 | Credit
Assets at fair value
Derivative and other contracts	356	425
Liabilities at fair value
Derivative and other contracts	308	315
Recurring | Level 3 | Foreign exchange
Assets at fair value
Derivative and other contracts	180	183
Liabilities at fair value
Derivative and other contracts	114	117
Recurring | Level 3 | Equity
Assets at fair value
Derivative and other contracts	307	406
Liabilities at fair value
Derivative and other contracts	1,084	1,142
Recurring | Level 3 | Commodity and other
Assets at fair value
Derivative and other contracts	3,546	3,701
Liabilities at fair value
Derivative and other contracts	1,947	2,618
Recurring | Level 3 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	0	0
Recurring | Level 3 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	73	3
Recurring | Level 3 | Corporate and other debt
Liabilities at fair value
Trading liabilities	46	29
Recurring | Level 3 | Corporate equities
Liabilities at fair value
Trading liabilities	41	42
Recurring | Level 3 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	1	17
Recurring | Level 3 | Other sovereign government obligations
Assets at fair value
Trading assets	196	169
Recurring | Level 3 | State and municipal securities
Assets at fair value
Trading assets	3	145
Recurring | Level 3 | MABS
Assets at fair value
Trading assets	454	416
Recurring | Level 3 | Loans and lending commitments
Assets at fair value
Trading assets	2,057	2,017
Recurring | Level 3 | Corporate and other debt
Assets at fair value
Trading assets	2,243	2,096
Recurring | Level 3 | Corporate equities
Assets at fair value
Equity securities	$ 144	$ 116

Fair Values - Detail of Loans a

Fair Values - Detail of Loans and Lending Commitments at Fair Value (Details) - Loans and lending commitments - Recurring - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value Measurements
Trading assets	$ 8,031	$ 8,397
Secured lending facilities
Fair Value Measurements
Trading assets	6	6
Commercial real estate
Fair Value Measurements
Trading assets	581	528
Residential real estate
Fair Value Measurements
Trading assets	1,954	2,020
Securities-based lending and Other loans
Fair Value Measurements
Trading assets	$ 5,490	$ 5,843

Fair Values - Detail of Unsettl

Fair Values - Detail of Unsettled Fair Value of Futures Contracts (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Futures Contracts | Customer and other receivables (payables), net | Recurring
Fair Value Measurements
Derivative assets, unsettled fair value	$ 788	$ 1,219

Fair Values - Activity of Level

Fair Values - Activity of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring - Level 3 - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Liabilities at Fair Value
Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA	$ 9	$ (29)
Deposits
Liabilities at Fair Value
Beginning balance	20	67
Issuances	6	0
Settlements	0	(5)
Net transfers	3	(36)
Ending balance	29	26
Unrealized losses (gains)	0	0
Nonderivative trading liabilities
Liabilities at Fair Value
Beginning balance	74	61
Net transfers	24	12
Realized and unrealized losses (gains)	(7)	(3)
Purchases	(44)	(33)
Sales	113	11
Ending balance	160	48
Unrealized losses (gains)	(5)	(3)
Securities sold under agreements to repurchase
Liabilities at Fair Value
Beginning balance	512	651
Settlements	(9)	(10)
Net transfers	0	(127)
Realized and unrealized losses (gains)	11	2
Ending balance	514	516
Unrealized losses (gains)	11	2
Other secured financings
Liabilities at Fair Value
Beginning balance	91	403
Issuances	41	28
Settlements	(19)	(305)
Net transfers	0	(3)
Realized and unrealized losses (gains)	2	(3)
Ending balance	115	120
Unrealized losses (gains)	2	(3)
Borrowings
Liabilities at Fair Value
Beginning balance	1,587	2,157
Issuances	239	161
Settlements	(82)	(42)
Net transfers	(143)	266
Realized and unrealized losses (gains)	48	(143)
Ending balance	1,649	2,399
Unrealized losses (gains)	45	(143)
Net derivatives: Interest rate
Assets at Fair value
Beginning balance	(151)	708
Purchases	10	3
Net transfers	(108)	(93)
Realized and unrealized gains (losses)	(149)	39
Settlements	189	(21)
Issuances	(8)	(2)
Ending balance	(217)	634
Unrealized gains (losses)	29	147
Net derivatives: Credit
Assets at Fair value
Beginning balance	110	98
Purchases	0	8
Net transfers	(4)	20
Realized and unrealized gains (losses)	(27)	43
Settlements	(31)	(68)
Issuances	0	(8)
Ending balance	48	93
Unrealized gains (losses)	(28)	28
Net derivatives: Foreign exchange
Assets at Fair value
Beginning balance	66	52
Purchases	0	5
Net transfers	(26)	(26)
Realized and unrealized gains (losses)	(11)	(145)
Settlements	40	81
Issuances	(3)	0
Ending balance	66	(33)
Unrealized gains (losses)	(10)	(138)
Net derivatives: Equity
Assets at Fair value
Beginning balance	(736)	(945)
Purchases	39	28
Net transfers	95	116
Realized and unrealized gains (losses)	16	98
Settlements	(30)	117
Issuances	(161)	(68)
Ending balance	(777)	(654)
Unrealized gains (losses)	(30)	88
Net derivatives: Commodity and other
Assets at Fair value
Beginning balance	1,083	1,529
Purchases	16	9
Net transfers	160	(50)
Realized and unrealized gains (losses)	446	4
Settlements	(103)	(47)
Issuances	(3)	(11)
Ending balance	1,599	1,434
Unrealized gains (losses)	211	(216)
U.S. Treasury and agency securities
Assets at Fair value
Beginning balance	17	2
Purchases	0	1
Sales	(9)	0
Net transfers	(7)	5
Ending balance	1	8
Unrealized gains (losses)	0	0
Other sovereign government obligations
Assets at Fair value
Beginning balance	169	211
Purchases	78	6
Sales	(54)	(40)
Net transfers	(1)	11
Realized and unrealized gains (losses)	4	0
Ending balance	196	188
Unrealized gains (losses)	4	0
State and municipal securities
Assets at Fair value
Beginning balance	145	13
Sales	(40)	0
Net transfers	(102)	(13)
Ending balance	3	0
Unrealized gains (losses)	0	0
MABS
Assets at Fair value
Beginning balance	416	344
Purchases	57	56
Sales	(45)	(96)
Net transfers	24	48
Realized and unrealized gains (losses)	2	(1)
Ending balance	454	351
Unrealized gains (losses)	1	(3)
Loans and lending commitments
Assets at Fair value
Beginning balance	2,017	3,806
Sales	(193)	(210)
Net transfers	(41)	(441)
Realized and unrealized gains (losses)	(26)	26
Purchases and originations	535	369
Settlements	(235)	(409)
Ending balance	2,057	3,141
Unrealized gains (losses)	(25)	22
Corporate and other debt
Assets at Fair value
Beginning balance	2,096	1,973
Sales	(446)	(160)
Net transfers	51	(143)
Realized and unrealized gains (losses)	34	12
Purchases and originations	508	71
Ending balance	2,243	1,753
Unrealized gains (losses)	64	7
Corporate equities
Assets at Fair value
Beginning balance	116	115
Purchases	19	24
Sales	(25)	(82)
Net transfers	42	182
Realized and unrealized gains (losses)	(8)	0
Ending balance	144	239
Unrealized gains (losses)	(2)	0
Investments
Assets at Fair value
Beginning balance	923	1,125
Purchases	47	20
Sales	(24)	(4)
Net transfers	(5)	3
Realized and unrealized gains (losses)	14	(24)
Ending balance	955	1,120
Unrealized gains (losses)	10	(26)
Investment securities—AFS
Assets at Fair value
Beginning balance	35	0
Net transfers	(36)	0
Realized and unrealized gains (losses)	1	0
Ending balance	0	0
Unrealized gains (losses)	$ 1	$ 0

Fair Values - Valuation Techniq

Fair Values - Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements (Details) $ in Millions	Mar. 31, 2023 USD ($) $ / MWh	Dec. 31, 2022 USD ($) $ / MWh
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 40,423	$ 44,212
Securities sold under agreements to repurchase	872	864
Other secured financings	8,670	8,158
Borrowings	86,422	78,720
Recurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings	86,422	78,720
Recurring | Loans and lending commitments
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	8,031	8,397
Nonrecurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	10,895	10,803
Level 3 | Recurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Corporate equities	144	116
Investments	955	923
Derivative assets	3,933	4,154
Securities sold under agreements to repurchase	514	512
Other secured financings	115	91
Borrowings	$ 1,649	$ 1,587
Level 3 | Recurring | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Corporate equities, measurement input value	1	1
Level 3 | Recurring | Other sovereign government obligations
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	$ 196	$ 169
Level 3 | Recurring | State and municipal securities
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	3	145
Level 3 | Recurring | MABS
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	454	416
Level 3 | Recurring | Loans and lending commitments
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	2,057	2,017
Level 3 | Recurring | Corporate and other debt
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	2,243	2,096
Level 3 | Recurring | Interest rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	(217)	(151)
Level 3 | Recurring | Credit
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 48	$ 110
Level 3 | Recurring | Credit | Credit Default Swap Model | Cash-Synthetic Basis
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.07	0.07
Level 3 | Recurring | Foreign exchange
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 66	$ 66
Level 3 | Recurring | Equity
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	(777)	(736)
Level 3 | Recurring | Commodity and other
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 1,599	$ 1,083
Level 3 | Recurring | Minimum | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0023	0.23
Loans, measurement input value	0.0017	0.36
Level 3 | Recurring | Minimum | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.24	0.24
Level 3 | Recurring | Minimum | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.15	0.15
Level 3 | Recurring | Minimum | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	7	7
Level 3 | Recurring | Minimum | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Funding spread	0.0080	0.0096
Level 3 | Recurring | Minimum | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	6	7
Level 3 | Recurring | Minimum | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.06	0.07
Level 3 | Recurring | Minimum | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.47
Level 3 | Recurring | Minimum | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.49
Level 3 | Recurring | Minimum | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.01)	(0.02)
Level 3 | Recurring | Minimum | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.41	0.39
Level 3 | Recurring | Minimum | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.55)	(0.50)
Level 3 | Recurring | Minimum | Other sovereign government obligations | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.61	0.57
Level 3 | Recurring | Minimum | State and municipal securities | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.86
Level 3 | Recurring | Minimum | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0	0
Level 3 | Recurring | Minimum | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.88	0.87
Level 3 | Recurring | Minimum | Loans and lending commitments | Margin Loan Model | Margin Loan Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.02	0.02
Level 3 | Recurring | Minimum | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.51	0.51
Level 3 | Recurring | Minimum | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.54	0.54
Borrowings, measurement input value	0.54	0.54
Level 3 | Recurring | Minimum | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.36	1.05
Level 3 | Recurring | Minimum | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.53	0.47
Level 3 | Recurring | Minimum | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.01
Level 3 | Recurring | Minimum | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.22	0.22
Level 3 | Recurring | Minimum | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.04	0.04
Level 3 | Recurring | Minimum | Credit | Credit Default Swap Model | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0	0
Level 3 | Recurring | Minimum | Credit | Credit Default Swap Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0010	0.0010
Level 3 | Recurring | Minimum | Credit | Credit Default Swap Model | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0018	0.0018
Level 3 | Recurring | Minimum | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.08)	(0.02)
Level 3 | Recurring | Minimum | Foreign exchange | Option Model | Foreign Exchange Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.18)	0.10
Level 3 | Recurring | Minimum | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Level 3 | Recurring | Minimum | Equity | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.06	0.05
Level 3 | Recurring | Minimum | Equity | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.05)	(0.04)
Level 3 | Recurring | Minimum | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.17	0.10
Level 3 | Recurring | Minimum | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.79)	(0.79)
Level 3 | Recurring | Minimum | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.10	0.10
Level 3 | Recurring | Minimum | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value | $ / MWh	0	1
Level 3 | Recurring | Minimum | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.08	0.12
Level 3 | Recurring | Minimum | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.54	0.70
Level 3 | Recurring | Maximum | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0101	1.01
Loans, measurement input value	0.0097	0.80
Level 3 | Recurring | Maximum | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	1	1
Level 3 | Recurring | Maximum | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.17	0.17
Level 3 | Recurring | Maximum | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	17	17
Level 3 | Recurring | Maximum | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Funding spread	0.0157	0.0165
Level 3 | Recurring | Maximum | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	21	21
Level 3 | Recurring | Maximum | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.66	0.86
Level 3 | Recurring | Maximum | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		1.36
Level 3 | Recurring | Maximum | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.98
Level 3 | Recurring | Maximum | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0	0
Level 3 | Recurring | Maximum | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.95	0.98
Level 3 | Recurring | Maximum | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.06	0
Level 3 | Recurring | Maximum | Other sovereign government obligations | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	1.19	1.24
Level 3 | Recurring | Maximum | State and municipal securities | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		1
Level 3 | Recurring | Maximum | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.95	0.95
Level 3 | Recurring | Maximum | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	1.04	1.05
Level 3 | Recurring | Maximum | Loans and lending commitments | Margin Loan Model | Margin Loan Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.04	0.04
Level 3 | Recurring | Maximum | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	1.29	1.32
Level 3 | Recurring | Maximum | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.84	0.84
Borrowings, measurement input value	0.84	0.84
Level 3 | Recurring | Maximum | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1.38	1.30
Level 3 | Recurring | Maximum | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.99	1
Level 3 | Recurring | Maximum | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.02
Level 3 | Recurring | Maximum | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.70	0.65
Level 3 | Recurring | Maximum | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.11	0.05
Level 3 | Recurring | Maximum | Credit | Credit Default Swap Model | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0092	0.83
Level 3 | Recurring | Maximum | Credit | Credit Default Swap Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0449	0.0528
Level 3 | Recurring | Maximum | Credit | Credit Default Swap Model | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0590	0.0590
Level 3 | Recurring | Maximum | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.18	0.38
Level 3 | Recurring | Maximum | Foreign exchange | Option Model | Foreign Exchange Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.30	0.10
Level 3 | Recurring | Maximum | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Level 3 | Recurring | Maximum | Equity | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.96
Level 3 | Recurring | Maximum | Equity | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0	0
Level 3 | Recurring | Maximum | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.93
Level 3 | Recurring | Maximum | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.65	0.65
Level 3 | Recurring | Maximum | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.30	0.30
Level 3 | Recurring | Maximum | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value | $ / MWh	282	292
Level 3 | Recurring | Maximum | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1.13	1.69
Level 3 | Recurring | Maximum | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	1	1
Level 3 | Recurring | Weighted Average | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0082	0.75
Loans, measurement input value	0.0066	0.65
Level 3 | Recurring | Weighted Average | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.89	0.89
Level 3 | Recurring | Weighted Average | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.16	0.16
Level 3 | Recurring | Weighted Average | Discounted Cash Flow | Exit Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	14	14
Level 3 | Recurring | Weighted Average | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Funding spread	0.0118	0.0131
Level 3 | Recurring | Weighted Average | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	11	11
Level 3 | Recurring | Weighted Average | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.22	0.23
Level 3 | Recurring | Weighted Average | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0	0
Level 3 | Recurring | Weighted Average | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.80	0.86
Level 3 | Recurring | Weighted Average | Option Model | Equity - FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.26)	(0.21)
Level 3 | Recurring | Weighted Average | Other sovereign government obligations | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.92	0.89
Level 3 | Recurring | Weighted Average | State and municipal securities | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value		0.97
Level 3 | Recurring | Weighted Average | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.60	0.68
Level 3 | Recurring | Weighted Average | Loans and lending commitments | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.99	0.99
Level 3 | Recurring | Weighted Average | Loans and lending commitments | Margin Loan Model | Margin Loan Rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.03	0.03
Level 3 | Recurring | Weighted Average | Corporate and other debt | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.88	0.90
Level 3 | Recurring | Weighted Average | Credit | Credit Default Swap Model | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0049	0.43
Level 3 | Recurring | Weighted Average | Credit | Credit Default Swap Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0111	0.0115
Level 3 | Recurring | Weighted Average | Credit | Credit Default Swap Model | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0081	0.0093
Level 3 | Recurring | Weighted Average | Equity | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.22	0.25
Level 3 | Recurring | Weighted Average | Equity | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.01)	(0.01)
Level 3 | Recurring | Weighted Average | Equity | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.83	0.71
Level 3 | Recurring | Weighted Average | Equity | Option Model | FX Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.25)	(0.26)
Level 3 | Recurring | Weighted Average | Commodity and other | Option Model | Forward Power Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value | $ / MWh	45	43
Level 3 | Recurring | Weighted Average | Commodity and other | Option Model | Commodity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.35	0.34
Level 3 | Recurring | Weighted Average | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.93	0.94
Level 3 | Recurring | Average | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.74
Level 3 | Recurring | Average | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.85
Level 3 | Recurring | Average | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.62	0.62
Borrowings, measurement input value	0.62	0.62
Level 3 | Recurring | Average | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.90	1.13
Level 3 | Recurring | Average | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.83	0.80
Level 3 | Recurring | Average | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.01
Level 3 | Recurring | Average | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.43	0.43
Level 3 | Recurring | Average | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.06	0.05
Level 3 | Recurring | Average | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.05	0.08
Level 3 | Recurring | Average | Foreign exchange | Option Model | Foreign Exchange Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.02	0.10
Level 3 | Recurring | Average | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Level 3 | Recurring | Average | Equity | Option Model | IR Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.13	(0.14)
Level 3 | Recurring | Median | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value		0.59
Level 3 | Recurring | Median | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.90
Level 3 | Recurring | Median | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.54	0.54
Borrowings, measurement input value	0.54	0.54
Level 3 | Recurring | Median | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.84	1.09
Level 3 | Recurring | Median | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.86	0.84
Level 3 | Recurring | Median | Interest rate | Option Model | Bond Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.01
Level 3 | Recurring | Median | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.39	0.38
Level 3 | Recurring | Median | Interest rate | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.05	0.05
Level 3 | Recurring | Median | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.04	0.04
Level 3 | Recurring | Median | Foreign exchange | Option Model | Foreign Exchange Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0	0.10
Level 3 | Recurring | Median | Foreign exchange | Option Model | Contingency Probability
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.95	0.95
Level 3 | Nonrecurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	$ 5,812	$ 6,610
Level 3 | Nonrecurring | Minimum | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0105	0.0091
Level 3 | Nonrecurring | Minimum | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0108	0.0110
Level 3 | Nonrecurring | Maximum | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.1286	0.1276
Level 3 | Nonrecurring | Maximum | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0311	0.0319
Level 3 | Nonrecurring | Weighted Average | Corporate Loan Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0830	0.0776
Level 3 | Nonrecurring | Weighted Average | Warehouse Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0246	0.0245

Fair Values - Fund Interests Me

Fair Values - Fund Interests Measured Based on Net Asset Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Measured Based on Net Asset Value
Carrying Value	$ 5,424	$ 5,454
Commitment	896	880
Private equity
Measured Based on Net Asset Value
Carrying Value	2,664	2,622
Commitment	637	638
Real estate
Measured Based on Net Asset Value
Carrying Value	2,566	2,642
Commitment	256	239
Hedge
Measured Based on Net Asset Value
Carrying Value	194	190
Commitment	$ 3	$ 3

Fair Values - Nonredeemable Fun

Fair Values - Nonredeemable Funds by Contractual Maturity (Details) $ in Millions	Mar. 31, 2023 USD ($)
Private equity
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	$ 1,085
5-10 years	1,515
Over 10 years	64
Total	2,664
Real estate
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	975
5-10 years	1,554
Over 10 years	37
Total	$ 2,566

Fair Values - Assets and Liab_2

Fair Values - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Assets at fair value
Loans	$ 10,895		$ 10,803
Other assets—Other investments	0		7
Other assets—ROU assets	0		4
Total	10,895		10,814
Liabilities
Other liabilities and accrued expenses—Lending commitments	292		428
Total	292		428
Assets
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	16	$ (48)
Loans
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	19	(43)
Other assets—Other investments
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	0	(2)
Other assets - Premises, equipement and software
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(3)	(1)
Other assets - ROU assets
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	0	(2)
Liabilities
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	34	(49)
Other liabilities and accrued expenses—Lending commitments
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	34	$ (49)
Level 2
Assets at fair value
Loans	5,083		4,193
Other assets—Other investments	0		0
Other assets—ROU assets	0		4
Total	5,083		4,197
Liabilities
Other liabilities and accrued expenses—Lending commitments	195		275
Total	195		275
Level 3
Assets at fair value
Loans	5,812		6,610
Other assets—Other investments	0		7
Other assets—ROU assets	0		0
Total	5,812		6,617
Liabilities
Other liabilities and accrued expenses—Lending commitments	97		153
Total	$ 97		$ 153

Fair Values - Financial Instrum

Fair Values - Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financial assets
Securities borrowed	$ 146,216	$ 133,374
Customer and other receivables	74,095	78,540
Loans	199,550	198,997
Financial liabilities
Deposits	347,523	356,646
Securities sold under agreements to repurchase	60,491	62,534
Securities loaned	15,588	15,679
Other secured financings	8,670	8,158
Customer and other payables	220,700	216,134
Borrowings	250,182	238,058
Carrying Value
Financial assets
Cash and cash equivalents	111,258	128,127
Investment securities—HTM	74,012	75,634
Securities purchased under agreements to resell	121,877	113,899
Securities borrowed	146,216	133,374
Customer and other receivables	69,249	73,248
Loans	214,696	213,785
Other assets	3,139	704
Financial liabilities
Deposits	342,481	351,850
Securities sold under agreements to repurchase	59,619	61,670
Securities loaned	15,588	15,679
Other secured financings	3,665	3,608
Customer and other payables	220,556	216,018
Borrowings	163,760	159,338
Additional Disclosures
Lending commitments	139,447	136,241
Fair Value
Financial assets
Cash and cash equivalents	111,258	128,127
Investment securities—HTM	64,419	65,006
Securities purchased under agreements to resell	121,893	113,869
Securities borrowed	146,216	133,370
Customer and other receivables	68,969	72,932
Loans	207,877	205,714
Other assets	3,139	704
Financial liabilities
Deposits	342,312	351,721
Securities sold under agreements to repurchase	59,599	61,620
Securities loaned	15,583	15,673
Other secured financings	3,665	3,608
Customer and other payables	220,556	216,018
Borrowings	163,333	157,784
Additional Disclosures
Lending commitments	2,728	2,866
Fair Value | Level 1
Financial assets
Cash and cash equivalents	111,258	128,127
Investment securities—HTM	26,253	26,754
Securities purchased under agreements to resell	0	0
Securities borrowed	0	0
Customer and other receivables	0	0
Loans	0	0
Other assets	0	0
Financial liabilities
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Securities loaned	0	0
Other secured financings	0	0
Customer and other payables	0	0
Borrowings	0	0
Additional Disclosures
Lending commitments	0	0
Fair Value | Level 2
Financial assets
Cash and cash equivalents	0	0
Investment securities—HTM	37,090	37,218
Securities purchased under agreements to resell	119,067	111,188
Securities borrowed	146,216	133,370
Customer and other receivables	65,219	69,268
Loans	24,842	24,153
Other assets	3,139	704
Financial liabilities
Deposits	342,312	351,721
Securities sold under agreements to repurchase	59,599	61,620
Securities loaned	15,583	15,673
Other secured financings	3,665	3,608
Customer and other payables	220,556	216,018
Borrowings	163,329	157,780
Additional Disclosures
Lending commitments	1,814	1,789
Fair Value | Level 3
Financial assets
Cash and cash equivalents	0	0
Investment securities—HTM	1,076	1,034
Securities purchased under agreements to resell	2,826	2,681
Securities borrowed	0	0
Customer and other receivables	3,750	3,664
Loans	183,035	181,561
Other assets	0	0
Financial liabilities
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Securities loaned	0	0
Other secured financings	0	0
Customer and other payables	0	0
Borrowings	4	4
Additional Disclosures
Lending commitments	$ 914	$ 1,077

Fair Value Option - Borrowings

Fair Value Option - Borrowings Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value Measurements
Borrowings at fair value	$ 86,422	$ 78,720
Recurring
Fair Value Measurements
Borrowings at fair value	86,422	78,720
Recurring | Equity
Fair Value Measurements
Borrowings at fair value	43,705	38,945
Recurring | Interest rates
Fair Value Measurements
Borrowings at fair value	27,791	26,077
Recurring | Commodities
Fair Value Measurements
Borrowings at fair value	11,187	10,717
Recurring | Credit
Fair Value Measurements
Borrowings at fair value	1,954	1,564
Recurring | Foreign exchange
Fair Value Measurements
Borrowings at fair value	$ 1,785	$ 1,417

Fair Value Option - Net Revenue

Fair Value Option - Net Revenues from Borrowings under the Fair Value Option (Details) - Borrowings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value Option Quantitative Disclosures
Net revenues	$ (4,486)	$ 4,583
Trading revenues
Fair Value Option Quantitative Disclosures
Net revenues	(4,378)	4,655
Interest expense
Fair Value Option Quantitative Disclosures
Net revenues	$ 108	$ 72

Fair Value Option - Gains (Loss

Fair Value Option - Gains (Losses) Due to Changes in Instrument-Specific Credit Risk (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Fair Value disclosure
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$ (481)		$ (457)
Loans and other receivables | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(43)	$ 24
Loans and other receivables | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0
Lending commitments | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	11	0
Lending commitments | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0
Deposits | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0
Deposits | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	93	(7)
Borrowings | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(6)	0
Borrowings | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	$ (117)	$ 878

Fair Value Option - Difference

Fair Value Option - Difference Between Contractual Principal and Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Loans and other receivables	$ 11,794	$ 11,916
Nonaccrual loans	9,071	9,128
Borrowings	$ 4,282	$ 5,203

Fair Value Option - Fair Value

Fair Value Option - Fair Value Loans on Nonaccrual Status (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Nonaccrual loans	$ 504	$ 585
Nonaccrual loans 90 or more days past due	$ 55	$ 116

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Fair Values of Derivative Contracts (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative Assets
Total gross derivatives	$ 323,717	$ 369,506
Counterparty netting	(245,364)	(279,235)
Cash collateral netting	(37,930)	(46,059)
Total in Trading assets	40,423	44,212
Financial instruments collateral	(18,059)	(19,406)
Net amounts	22,364	24,806
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	3,076	4,318
Derivative Liabilities
Total gross derivatives	318,209	364,759
Amounts offset against counterparty netting	(245,364)	(279,235)
Amounts offset against cash collateral netting	(43,816)	(47,389)
Total in Trading liabilities	29,029	38,135
Amounts not offset against financial instruments collateral	(2,210)	(3,684)
Net amounts	26,819	34,451
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	5,497	6,430
Designated as accounting hedges
Derivative Assets
Total gross derivatives	90	122
Derivative Liabilities
Total gross derivatives	554	1,112
Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	18	63
Derivative Liabilities
Total gross derivatives	363	461
Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	72	59
Derivative Liabilities
Total gross derivatives	191	651
Not designated as accounting hedges
Derivative Assets
Total gross derivatives	323,627	369,384
Derivative Liabilities
Total gross derivatives	317,655	363,647
Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	59	61
Derivative Liabilities
Total gross derivatives	499	377
Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	159,106	171,327
Derivative Liabilities
Total gross derivatives	150,696	164,697
Other derivatives | Credit
Derivative Assets
Total gross derivatives	9,734	8,240
Derivative Liabilities
Total gross derivatives	9,512	7,925
Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	83,543	115,939
Derivative Liabilities
Total gross derivatives	81,959	112,938
Other derivatives | Equity
Derivative Assets
Total gross derivatives	49,155	43,355
Derivative Liabilities
Total gross derivatives	55,731	51,331
Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	22,030	30,462
Derivative Liabilities
Total gross derivatives	19,258	26,379
Bilateral OTC
Derivative Assets
Total gross derivatives	254,512	301,601
Counterparty netting	(181,978)	(214,773)
Cash collateral netting	(35,948)	(44,711)
Total in Trading assets	36,586	42,117
Financial instruments collateral	(18,059)	(19,406)
Net amounts	18,527	22,711
Derivative Liabilities
Total gross derivatives	251,193	295,303
Amounts offset against counterparty netting	(181,978)	(214,773)
Amounts offset against cash collateral netting	(42,260)	(45,884)
Total in Trading liabilities	26,955	34,646
Amounts not offset against financial instruments collateral	(2,008)	(2,545)
Net amounts	24,947	32,101
Bilateral OTC | Designated as accounting hedges
Derivative Assets
Total gross derivatives	58	77
Derivative Liabilities
Total gross derivatives	489	1,007
Bilateral OTC | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	14	62
Derivative Liabilities
Total gross derivatives	363	457
Bilateral OTC | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	44	15
Derivative Liabilities
Total gross derivatives	126	550
Bilateral OTC | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	254,454	301,524
Derivative Liabilities
Total gross derivatives	250,704	294,296
Bilateral OTC | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	1	2
Derivative Liabilities
Total gross derivatives	10	9
Bilateral OTC | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	130,291	141,291
Derivative Liabilities
Total gross derivatives	124,206	135,661
Bilateral OTC | Other derivatives | Credit
Derivative Assets
Total gross derivatives	6,952	5,888
Derivative Liabilities
Total gross derivatives	6,659	5,535
Bilateral OTC | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	81,249	113,540
Derivative Liabilities
Total gross derivatives	79,661	110,322
Bilateral OTC | Other derivatives | Equity
Derivative Assets
Total gross derivatives	18,623	16,505
Derivative Liabilities
Total gross derivatives	26,072	23,138
Bilateral OTC | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	17,338	24,298
Derivative Liabilities
Total gross derivatives	14,096	19,631
Cleared OTC
Derivative Assets
Total gross derivatives	32,335	33,800
Counterparty netting	(29,554)	(32,250)
Cash collateral netting	(1,982)	(1,348)
Total in Trading assets	799	202
Financial instruments collateral	0	0
Net amounts	799	202
Derivative Liabilities
Total gross derivatives	31,116	33,956
Amounts offset against counterparty netting	(29,554)	(32,250)
Amounts offset against cash collateral netting	(1,556)	(1,505)
Total in Trading liabilities	6	201
Amounts not offset against financial instruments collateral	0	0
Net amounts	6	201
Cleared OTC | Designated as accounting hedges
Derivative Assets
Total gross derivatives	32	45
Derivative Liabilities
Total gross derivatives	65	105
Cleared OTC | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	4	1
Derivative Liabilities
Total gross derivatives	0	4
Cleared OTC | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	28	44
Derivative Liabilities
Total gross derivatives	65	101
Cleared OTC | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	32,303	33,755
Derivative Liabilities
Total gross derivatives	31,051	33,851
Cleared OTC | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	58	59
Derivative Liabilities
Total gross derivatives	489	368
Cleared OTC | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	27,241	29,007
Derivative Liabilities
Total gross derivatives	25,480	28,581
Cleared OTC | Other derivatives | Credit
Derivative Assets
Total gross derivatives	2,782	2,352
Derivative Liabilities
Total gross derivatives	2,853	2,390
Cleared OTC | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	2,222	2,337
Derivative Liabilities
Total gross derivatives	2,229	2,512
Cleared OTC | Other derivatives | Equity
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Cleared OTC | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded
Derivative Assets
Total gross derivatives	36,870	34,105
Counterparty netting	(33,832)	(32,212)
Cash collateral netting	0	0
Total in Trading assets	3,038	1,893
Financial instruments collateral	0	0
Net amounts	3,038	1,893
Derivative Liabilities
Total gross derivatives	35,900	35,500
Amounts offset against counterparty netting	(33,832)	(32,212)
Amounts offset against cash collateral netting	0	0
Total in Trading liabilities	2,068	3,288
Amounts not offset against financial instruments collateral	(202)	(1,139)
Net amounts	1,866	2,149
Exchange- Traded | Designated as accounting hedges
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	36,870	34,105
Derivative Liabilities
Total gross derivatives	35,900	35,500
Exchange- Traded | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	1,574	1,029
Derivative Liabilities
Total gross derivatives	1,010	455
Exchange- Traded | Other derivatives | Credit
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Exchange- Traded | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	72	62
Derivative Liabilities
Total gross derivatives	69	104
Exchange- Traded | Other derivatives | Equity
Derivative Assets
Total gross derivatives	30,532	26,850
Derivative Liabilities
Total gross derivatives	29,659	28,193
Exchange- Traded | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	4,692	6,164
Derivative Liabilities
Total gross derivatives	$ 5,162	$ 6,748

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Notionals of Derivative Contracts (Details) - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Derivatives, Notional Amount
Derivative assets	$ 19,455	$ 16,682
Derivative liabilities	19,307	17,131
Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	71	68
Derivative liabilities	198	204
Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	66	64
Derivative liabilities	185	190
Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	5	4
Derivative liabilities	13	14
Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	19,384	16,614
Derivative liabilities	19,109	16,927
Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	2	3
Derivative liabilities	18	15
Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	13,905	11,627
Derivative liabilities	13,351	11,694
Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	350	320
Derivative liabilities	341	324
Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	4,009	3,618
Derivative liabilities	4,091	3,674
Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	911	846
Derivative liabilities	1,124	1,040
Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	207	200
Derivative liabilities	184	180
Bilateral OTC
Derivatives, Notional Amount
Derivative assets	8,362	7,704
Derivative liabilities	8,741	7,755
Bilateral OTC | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	4	4
Derivative liabilities	12	15
Bilateral OTC | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	0	2
Derivative liabilities	2	3
Bilateral OTC | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	4	2
Derivative liabilities	10	12
Bilateral OTC | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	8,358	7,700
Derivative liabilities	8,729	7,740
Bilateral OTC | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Bilateral OTC | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	3,679	3,404
Derivative liabilities	3,975	3,436
Bilateral OTC | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	214	190
Derivative liabilities	205	199
Bilateral OTC | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,803	3,477
Derivative liabilities	3,910	3,516
Bilateral OTC | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	521	488
Derivative liabilities	542	488
Bilateral OTC | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	141	141
Derivative liabilities	97	101
Cleared OTC
Derivatives, Notional Amount
Derivative assets	9,925	7,932
Derivative liabilities	9,431	8,213
Cleared OTC | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	67	64
Derivative liabilities	186	189
Cleared OTC | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	66	62
Derivative liabilities	183	187
Cleared OTC | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	1	2
Derivative liabilities	3	2
Cleared OTC | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	9,858	7,868
Derivative liabilities	9,245	8,024
Cleared OTC | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	2	3
Derivative liabilities	18	15
Cleared OTC | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	9,530	7,609
Derivative liabilities	8,944	7,761
Cleared OTC | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	136	130
Derivative liabilities	136	125
Cleared OTC | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	190	126
Derivative liabilities	147	123
Cleared OTC | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Cleared OTC | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded
Derivatives, Notional Amount
Derivative assets	1,168	1,046
Derivative liabilities	1,135	1,163
Exchange- Traded | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	1,168	1,046
Derivative liabilities	1,135	1,163
Exchange- Traded | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	696	614
Derivative liabilities	432	497
Exchange- Traded | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	0	0
Exchange- Traded | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	16	15
Derivative liabilities	34	35
Exchange- Traded | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	390	358
Derivative liabilities	582	552
Exchange- Traded | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	66	59
Derivative liabilities	$ 87	$ 79

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Gains (Losses) on Accounting Hedges and Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Cash flow hedges - Interest rate contracts
Recognized in OCI	$ 7	$ 0
Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income	(1)	0
Net change in cash flow hedges included within AOCI	8	0
Cash flow hedges expected to be reclassified from AOCI	$ (7)
Maximum length of time over which forecasted cash flows are hedged	2 years
Investment Securities—AFS
Fair Value Hedges - Hedged Items
Amortized cost basis currently/ carrying amount currently or previously hedged	$ 34,559		$ 34,073
Basis adjustments included in carrying amount	(1,152)		(1,628)
Deposits
Fair Value Hedges - Hedged Items
Amortized cost basis currently/ carrying amount currently or previously hedged	6,162		3,735
Basis adjustments included in carrying amount	(65)		(119)
Borrowings
Borrowings
Carrying amount currently or previously hedged	147,736		146,025
Basis adjustments included in carrying amount—Outstanding hedges	(10,510)		(12,748)
Basis adjustments included in carrying amount—Terminated hedges	(692)		$ (715)
Fair Value Hedges | Interest Income | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(372)	795
Fair Value Hedges | Interest Income | Investment Securities—AFS
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	381	(751)
Fair Value Hedges | Interest expense | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	2,284	(6,233)
Fair Value Hedges | Interest expense | Deposits
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(54)	88
Fair Value Hedges | Interest expense | Borrowings
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(2,240)	6,155
Net Investment Hedges | Foreign exchange
Net investment hedges—Foreign exchange contracts
Recognized in OCI	(89)	139
Forward points excluded from hedge effectiveness testing—Recognized in Interest income	$ 43	$ (41)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Economic Loan Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Credit | Economic hedges of loans
Derivative [Line Items]
Gain (loss) on derivative recognized in other revenues	$ (161)	$ 51

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Net Derivative Liabilities and Collateral Posted (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net derivative liabilities with credit risk-related contingent features	$ 18,180	$ 20,287
Collateral posted	$ 13,064	$ 12,268

Derivative Instruments and He_8

Derivative Instruments and Hedging Activities - Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade (Details) $ in Millions	Mar. 31, 2023 USD ($)
Bilateral Downgrade Agreement
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 748
One-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	497
Two-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 359

Derivative Instruments and He_9

Derivative Instruments and Hedging Activities - Maximum Potential Payout/Notional of Credit Protection Sold (Details) - Credit Protection Sold - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Credit Derivatives
Maximum potential payout/notional	$ 340	$ 323
CDS
Credit Derivatives
Maximum potential payout/notional	340	323
CDS protection sold with identical protection purchased	282	262
Single-name CDS
Credit Derivatives
Maximum potential payout/notional	131	115
Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	90	79
Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	41	36
Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	209	208
Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	27	56
Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	182	152
Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	28	28
Less Than 1 (Year) | CDS
Credit Derivatives
Maximum potential payout/notional	28	28
Less Than 1 (Year) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	17	17
Less Than 1 (Year) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	12	12
Less Than 1 (Year) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	5	5
Less Than 1 (Year) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	11	11
Less Than 1 (Year) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	3	3
Less Than 1 (Year) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	8	8
Less Than 1 (Year) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
1 - 3 (Years)
Credit Derivatives
Maximum potential payout/notional	73	72
1 - 3 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	73	72
1 - 3 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	43	42
1 - 3 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	30	29
1 - 3 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	13	13
1 - 3 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	30	30
1 - 3 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	9	13
1 - 3 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	21	17
1 - 3 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	168	190
3 - 5 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	168	190
3 - 5 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	50	45
3 - 5 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	33	29
3 - 5 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	17	16
3 - 5 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	118	145
3 - 5 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	14	37
3 - 5 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	104	108
3 - 5 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	71	33
Over 5 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	71	33
Over 5 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	21	11
Over 5 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	15	9
Over 5 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	6	2
Over 5 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	50	22
Over 5 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	1	3
Over 5 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	49	19
Over 5 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	$ 0	$ 0

Derivative Instruments and H_10

Derivative Instruments and Hedging Activities - Fair Value Asset/(Liability) of Credit Protection Sold (Details) - Credit Protection Sold - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Credit Derivatives
Fair Value Asset (Liability)	$ (734)	$ (1,000)
CDS
Credit Derivatives
Fair Value Asset (Liability)	(740)	(999)
Single-name CDS
Credit Derivatives
Fair Value Asset (Liability)	446	(46)
Single-name CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	1,168	762
Single-name CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	(722)	(808)
Index and basket CDS
Credit Derivatives
Fair Value Asset (Liability)	(1,186)	(953)
Index and basket CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	924	859
Index and basket CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	(2,110)	(1,812)
Other credit contracts
Credit Derivatives
Fair Value Asset (Liability)	$ 6	$ (1)

Derivative Instruments and H_11

Derivative Instruments and Hedging Activities - Protection Purchased with CDS (Details) - Protection Purchased - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Credit Derivatives
Notional	$ 371,000	$ 339,000
CDS
Credit Derivatives
Fair Value Asset (Liability)	522	998
Single name
Credit Derivatives
Notional	159,000	140,000
Fair Value Asset (Liability)	(645)	(33)
Index and basket
Credit Derivatives
Notional	181,000	173,000
Fair Value Asset (Liability)	1,595	1,248
Tranched index and basket
Credit Derivatives
Notional	31,000	26,000
Fair Value Asset (Liability)	$ (428)	$ (217)

Investment Securities - AFS and

Investment Securities - AFS and HTM Securities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
AFS securities
Amortized cost	$ 88,738	$ 89,772
Gross Unrealized Gains	65	89
Gross Unrealized Losses	4,871	5,564
Fair Value	83,932	84,297
HTM securities
Amortized Cost	74,012	75,634
Gross Unrealized Gains	2	0
Gross Unrealized Losses	9,595	10,628
Fair Value	64,419	65,006
Amortized cost	162,750	165,406
Gross Unrealized Gains	67	89
Gross Unrealized Losses	14,466	16,192
Fair Value	148,351	149,303
U.S. Treasury securities
AFS securities
Amortized cost	54,861	56,103
Gross Unrealized Gains	31	17
Gross Unrealized Losses	1,845	2,254
Fair Value	53,047	53,866
HTM securities
Amortized Cost	27,709	28,599
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,456	1,845
Fair Value	26,253	26,754
U.S. agency securities
AFS securities
Amortized cost	25,272	23,926
Gross Unrealized Gains	2	1
Gross Unrealized Losses	2,508	2,753
Fair Value	22,766	21,174
HTM securities
Amortized Cost	43,343	44,038
Gross Unrealized Gains	0	0
Gross Unrealized Losses	7,885	8,487
Fair Value	35,458	35,551
Agency CMBS
AFS securities
Amortized cost	6,020	5,998
Gross Unrealized Gains	0	0
Gross Unrealized Losses	465	470
Fair Value	5,555	5,528
HTM securities
Amortized Cost	1,770	1,819
Gross Unrealized Gains	0	0
Gross Unrealized Losses	138	152
Fair Value	1,632	1,667
State and municipal securities
AFS securities
Amortized cost	1,492	2,598
Gross Unrealized Gains	32	71
Gross Unrealized Losses	22	42
Fair Value	1,502	2,627
FFELP student loan ABS:
AFS securities
Amortized cost	1,093	1,147
Gross Unrealized Gains	0	0
Gross Unrealized Losses	31	45
Fair Value	$ 1,062	1,102
HTM securities
Third party guarantees (as a percent)	95%
Non-agency CMBS
AFS securities
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Amortized Cost		0
Investment securities —AFS		0
HTM securities
Amortized Cost	$ 1,190	1,178
Gross Unrealized Gains	2	0
Gross Unrealized Losses	116	144
Fair Value	$ 1,076	1,034
Corporate bonds
AFS securities
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Amortized Cost		0
Investment securities —AFS		$ 0

Investment Securities - Investm

Investment Securities - Investment Securities in an Unrealized Loss Position (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
AFS securities
AFS: Fair value, less than 12 months	$ 36,341	$ 63,882
AFS: Fair value, 12 months or longer	39,121	19,240
AFS: Fair value, total	75,462	83,122
AFS: Gross unrealized losses, less than 12 months	2,011	3,493
AFS: Gross unrealized losses, 12 months or longer	2,860	2,071
AFS: Gross unrealized losses, total	4,871	5,564
U.S. Treasury securities
AFS securities
AFS: Fair value, less than 12 months	22,043	42,144
AFS: Fair value, 12 months or longer	24,271	11,454
AFS: Fair value, total	46,314	53,598
AFS: Gross unrealized losses, less than 12 months	1,078	1,711
AFS: Gross unrealized losses, 12 months or longer	767	543
AFS: Gross unrealized losses, total	1,845	2,254
U.S. agency securities
AFS securities
AFS: Fair value, less than 12 months	8,293	13,662
AFS: Fair value, 12 months or longer	13,505	7,060
AFS: Fair value, total	21,798	20,722
AFS: Gross unrealized losses, less than 12 months	485	1,271
AFS: Gross unrealized losses, 12 months or longer	2,023	1,482
AFS: Gross unrealized losses, total	2,508	2,753
Agency CMBS
AFS securities
AFS: Fair value, less than 12 months	5,299	5,343
AFS: Fair value, 12 months or longer	256	185
AFS: Fair value, total	5,555	5,528
AFS: Gross unrealized losses, less than 12 months	436	448
AFS: Gross unrealized losses, 12 months or longer	29	22
AFS: Gross unrealized losses, total	465	470
State and municipal securities
AFS securities
AFS: Fair value, less than 12 months	231	2,106
AFS: Fair value, 12 months or longer	516	65
AFS: Fair value, total	747	2,171
AFS: Gross unrealized losses, less than 12 months	1	40
AFS: Gross unrealized losses, 12 months or longer	21	2
AFS: Gross unrealized losses, total	22	42
FFELP student loan ABS:
AFS securities
AFS: Fair value, less than 12 months	475	627
AFS: Fair value, 12 months or longer	573	476
AFS: Fair value, total	1,048	1,103
AFS: Gross unrealized losses, less than 12 months	11	23
AFS: Gross unrealized losses, 12 months or longer	20	22
AFS: Gross unrealized losses, total	$ 31	$ 45

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Non-agency CMBS
Schedule of Held-to-maturity Securities [Line Items]
Allowance for credit loss related to held-to-maturity securities	$ 30	$ 34

Investment Securities - Inves_2

Investment Securities - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Amortized Cost
AFS securities: Amortized cost, total	$ 88,738	$ 89,772
HTM securities: Net carrying amount, total	74,012
Investment securities: amortized cost, total	162,750	165,406
Fair Value
AFS securities: Fair value, total	83,932	84,297
HTM securities: Fair value, total	64,419	65,006
Investment securities: fair value, total	$ 148,351	149,303
Annualized Average Yield
AFS securities: Annualized average yield, total (as a percent)	1.90%
HTM securities: Annualized average yield, total (as a percent)	1.90%
Investment securities: Annualized average yield, total (as a percent)	1.90%
AFS securities: Annualized average yield including the interest rate swap accrual of related hedges, due within 1 year (as a percent)	1%
AFS securities: Annualized average yield including the interest rate swap accrual of related hedge (as a percent)	2.60%
U.S. Treasury securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 16,150
AFS securities: Amortized cost, after 1 year through 5 years	38,017
AFS securities: Amortized cost, after 5 years through 10 years	694
AFS securities: Amortized cost, total	54,861	56,103
HTM securities: Net carrying amount, due within 1 year	6,634
HTM securities: Net carrying amount, after 1 year through 5 years	15,649
HTM securities: Net carrying amount, after 5 year through 10 years	3,866
HTM securities: Net carrying amount, after 10 years	1,560
HTM securities: Net carrying amount, total	27,709
Fair Value
AFS securities: Fair value, due within 1 year	15,862
AFS securities: Fair value, after 1 year through 5 years	36,492
AFS securities: Fair value, after 5 years through 10 years	693
AFS securities: Fair value, total	53,047	53,866
HTM securities: Fair value, due within 1 year	6,515
HTM securities: Fair value, after 1 year through 5 years	14,907
HTM securities: Fair value, after 5 years through 10 years	3,614
HTM securities: Fair value, after 10 years	1,217
HTM securities: Fair value, total	$ 26,253	26,754
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	1%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.30%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	3.60%
HTM securities: Annualized average yield, due within 1 year (as a percent)	1.80%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	1.90%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	2.40%
HTM securities: Annualized average yield, after 10 year (as a percent)	2.30%
U.S. agency securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 23
AFS securities: Amortized cost, after 1 year through 5 years	422
AFS securities: Amortized cost, after 5 years through 10 years	716
AFS securities: Amortized cost, after 10 years	24,111
AFS securities: Amortized cost, total	25,272	23,926
HTM securities: Net carrying amount, after 1 year through 5 years	8
HTM securities: Net carrying amount, after 5 year through 10 years	351
HTM securities: Net carrying amount, after 10 years	42,984
HTM securities: Net carrying amount, total	43,343
Fair Value
AFS securities: Fair value, due within 1 year	22
AFS securities: Fair value, after 1 year through 5 years	394
AFS securities: Fair value, after 5 years through 10 years	659
AFS securities: Fair value, after 10 years	21,691
AFS securities: Fair value, total	22,766	21,174
HTM securities: Fair value, after 1 year through 5 years	7
HTM securities: Fair value, after 5 years through 10 years	326
HTM securities: Fair value, after 10 years	35,125
HTM securities: Fair value, total	$ 35,458	35,551
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	(0.20%)
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.50%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.80%
AFS securities: Annualized average yield, after 10 years (as a percent)	3.10%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	1.80%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	2.10%
HTM securities: Annualized average yield, after 10 year (as a percent)	1.80%
Agency CMBS
Amortized Cost
AFS securities: Amortized cost, after 1 year through 5 years	$ 1,773
AFS securities: Amortized cost, after 5 years through 10 years	2,992
AFS securities: Amortized cost, after 10 years	1,255
AFS securities: Amortized cost, total	6,020	5,998
HTM securities: Net carrying amount, due within 1 year	329
HTM securities: Net carrying amount, after 1 year through 5 years	1,136
HTM securities: Net carrying amount, after 5 year through 10 years	174
HTM securities: Net carrying amount, after 10 years	131
HTM securities: Net carrying amount, total	1,770
Fair Value
AFS securities: Fair value, after 1 year through 5 years	1,676
AFS securities: Fair value, after 5 years through 10 years	2,823
AFS securities: Fair value, after 10 years	1,056
AFS securities: Fair value, total	5,555	5,528
HTM securities: Fair value, due within 1 year	322
HTM securities: Fair value, after 1 year through 5 years	1,053
HTM securities: Fair value, after 5 years through 10 years	150
HTM securities: Fair value, after 10 years	107
HTM securities: Fair value, total	$ 1,632	1,667
Annualized Average Yield
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.80%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	2%
AFS securities: Annualized average yield, after 10 years (as a percent)	1.30%
HTM securities: Annualized average yield, due within 1 year (as a percent)	0.80%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	1.40%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.40%
HTM securities: Annualized average yield, after 10 year (as a percent)	1.60%
State and municipal securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 12
AFS securities: Amortized cost, after 1 year through 5 years	48
AFS securities: Amortized cost, after 5 years through 10 years	88
AFS securities: Amortized cost, after 10 years	1,344
AFS securities: Amortized cost, total	1,492	2,598
Fair Value
AFS securities: Fair value, due within 1 year	12
AFS securities: Fair value, after 1 year through 5 years	49
AFS securities: Fair value, after 5 years through 10 years	90
AFS securities: Fair value, after 10 years	1,351
AFS securities: Fair value, total	$ 1,502	2,627
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	3.80%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	3.90%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	3.80%
AFS securities: Annualized average yield, after 10 years (as a percent)	3.90%
FFELP student loan ABS:
Amortized Cost
AFS securities: Amortized cost, after 1 year through 5 years	$ 110
AFS securities: Amortized cost, after 5 years through 10 years	114
AFS securities: Amortized cost, after 10 years	869
AFS securities: Amortized cost, total	1,093	1,147
Fair Value
AFS securities: Fair value, after 1 year through 5 years	105
AFS securities: Fair value, after 5 years through 10 years	109
AFS securities: Fair value, after 10 years	848
AFS securities: Fair value, total	$ 1,062	1,102
Annualized Average Yield
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	5.50%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	5.40%
AFS securities: Annualized average yield, after 10 years (as a percent)	5.60%
Non-agency CMBS
Amortized Cost
HTM securities: Net carrying amount, due within 1 year	$ 198
HTM securities: Net carrying amount, after 1 year through 5 years	251
HTM securities: Net carrying amount, after 5 year through 10 years	706
HTM securities: Net carrying amount, after 10 years	35
HTM securities: Net carrying amount, total	1,190
Fair Value
HTM securities: Fair value, due within 1 year	195
HTM securities: Fair value, after 1 year through 5 years	233
HTM securities: Fair value, after 5 years through 10 years	617
HTM securities: Fair value, after 10 years	31
HTM securities: Fair value, total	$ 1,076	$ 1,034
Annualized Average Yield
HTM securities: Annualized average yield, due within 1 year (as a percent)	4%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	4.10%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	3.80%
HTM securities: Annualized average yield, after 10 year (as a percent)	3.60%

Investment Securities - Gross R

Investment Securities - Gross Realized Gains (Losses) on Sales of AFS Securities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
AFS securities
Gross realized gains	$ 44	$ 126
Gross realized (losses)	(3)	(82)
Total	$ 41	$ 44

Collateralized Transactions - O

Collateralized Transactions - Offsetting of Certain Collateralized Transactions (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Securities purchased under agreements to resell
Gross Amounts	$ 223,056	$ 240,355
Amounts Offset	(101,171)	(126,448)
Balance Sheet Net Amounts	121,885	113,907
Amounts not offset	(118,330)	(109,902)
Net Amounts	3,555	4,005
Securities borrowed
Gross Amounts	157,967	145,340
Amounts Offset	(11,751)	(11,966)
Balance Sheet Net Amounts	146,216	133,374
Amounts not offset	(142,775)	(128,073)
Net Amounts	3,441	5,301
Securities sold under agreements to repurchase
Gross Amounts	161,662	188,982
Amounts Offset	(101,171)	(126,448)
Balance Sheet Net Amounts	60,491	62,534
Amounts not offset	(56,242)	(57,395)
Net Amounts	4,249	5,139
Securities loaned
Gross Amounts	27,339	27,645
Amounts Offset	(11,751)	(11,966)
Balance Sheet Net Amounts	15,588	15,679
Amounts not offset	(15,135)	(15,199)
Net Amounts	453	480
Net amounts for which master netting agreements are not in place or may not be legally enforceable
Securities purchased under agreements to resell	3,252	1,696
Securities borrowed	620	624
Securities sold under agreements to repurchase	3,368	3,861
Securities loaned	$ 215	$ 250

Collateralized Transactions - G

Collateralized Transactions - Gross Secured Financing Balances (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Gross Secured Financing Balances
Securities sold under agreements to repurchase	$ 161,662	$ 188,982
Securities loaned	27,339	27,645
Total included in the offsetting disclosure	189,001	216,627
Trading liabilities— Obligation to return securities received as collateral	25,112	22,880
Total	214,113	239,507
U.S. Treasury and agency securities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	46,714	57,761
Other sovereign government obligations
Gross Secured Financing Balances
Securities sold under agreements to repurchase	78,048	98,839
Securities loaned	913	862
Corporate equities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	20,250	19,340
Securities loaned	25,312	26,289
Trading liabilities— Obligation to return securities received as collateral	25,025	22,833
Other
Gross Secured Financing Balances
Securities sold under agreements to repurchase	16,650	13,042
Securities loaned	1,114	494
Trading liabilities— Obligation to return securities received as collateral	87	47
Overnight and Open
Gross Secured Financing Balances
Securities sold under agreements to repurchase	63,922	54,551
Securities loaned	14,786	15,150
Total included in the offsetting disclosure	78,708	69,701
Trading liabilities— Obligation to return securities received as collateral	25,112	22,880
Total	103,820	92,581
Less than 30 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	41,521	77,359
Securities loaned	1	882
Total included in the offsetting disclosure	41,522	78,241
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	41,522	78,241
30-90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	17,262	20,586
Securities loaned	987	1,984
Total included in the offsetting disclosure	18,249	22,570
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	18,249	22,570
Over 90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	38,957	36,486
Securities loaned	11,565	9,629
Total included in the offsetting disclosure	50,522	46,115
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	$ 50,522	$ 46,115

Collateralized Transactions - A

Collateralized Transactions - Assets Loaned or Pledged (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Financial Instrument, Owned, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral [Member]
Financial instruments, owned, at fair value	$ 34,669	$ 34,524

Collateralized Transactions - C

Collateralized Transactions - Collateral Received (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Collateral received with right to sell or repledge	$ 681,133	$ 637,941
Collateral that was sold or repledged	$ 525,199	$ 486,820

Collateralized Transactions - S

Collateralized Transactions - Securities Segregated for Regulatory Purposes (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Segregated securities	$ 28,959	$ 32,254

Collateralized Transactions -_2

Collateralized Transactions - Customer Margin Lending (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Margin and other lending	$ 39,354	$ 38,524

Loans, Lending Commitments an_3

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans by Type (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
HFI Loans
Total loans	$ 200,520	$ 199,836
ACL	970	839	$ 679	$ 654
Total loans, net	199,550	198,997
HFS Loans
Total loans	15,146	14,788
Total loans, net	15,146	14,788
Total Loans
Total loans	215,666	214,624
ACL	970	839	679	654
Total loans, net	214,696	213,785
Loans to non-U.S. borrowers, net	24,395	23,651
Corporate
HFI Loans
Total loans	7,435	6,589
ACL	265	235	170	165
HFS Loans
Total loans	11,150	10,634
Total Loans
Total loans	18,585	17,223
ACL	265	235	170	165
Secured lending facilities
HFI Loans
Total loans	37,187	35,606
ACL	152	153	172	163
HFS Loans
Total loans	3,006	3,176
Total Loans
Total loans	40,193	38,782
ACL	152	153	172	163
Commercial real estate
HFI Loans
Total loans	8,601	8,515
ACL	335	275	203	206
HFS Loans
Total loans	948	926
Total Loans
Total loans	9,549	9,441
ACL	335	275	203	206
Residential real estate
HFI Loans
Total loans	55,400	54,460
ACL	113	87	73	60
HFS Loans
Total loans	25	4
Total Loans
Total loans	55,425	54,464
ACL	113	87	73	60
Securities-based lending and Other loans
HFI Loans
Total loans	91,897	94,666
ACL	105	89	61	60
HFS Loans
Total loans	17	48
Total Loans
Total loans	91,914	94,714
ACL	$ 105	$ 89	$ 61	$ 60

Loans, Lending Commitments an_4

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans by Interest Rate Type (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	$ 47,972	$ 49,184
Floating or Adjustable Rate	167,694	165,440
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	0	0
Floating or Adjustable Rate	18,584	17,223
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	0	0
Floating or Adjustable Rate	40,193	38,782
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	204	204
Floating or Adjustable Rate	9,346	9,237
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	25,515	24,903
Floating or Adjustable Rate	29,909	29,561
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	22,253	24,077
Floating or Adjustable Rate	$ 69,662	$ 70,637

Loans, Lending Commitments an_5

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans Held for Investment before Allowance by Origination Year (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 200,520	$ 199,836
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	6,911	6,010
Current Fiscal Year	13	113
One Year Ago	143	139
Two Years Ago	137	58
Three Years Ago	59	154
Four Years Ago	153
Prior	19	115
Total	7,435	6,589
Corporate | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	2,907	2,554
Current Fiscal Year	0	6
One Year Ago	0	0
Two Years Ago	0	0
Three Years Ago	0	0
Four Years Ago	0
Prior	0	115
Total	2,907	2,675
Corporate | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	4,004	3,456
Current Fiscal Year	13	107
One Year Ago	143	139
Two Years Ago	137	58
Three Years Ago	59	154
Four Years Ago	153
Prior	19	0
Total	4,528	3,914
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	31,051	30,688
Current Fiscal Year	1,211	2,471
One Year Ago	2,579	462
Two Years Ago	468	98
Three Years Ago	88	546
Four Years Ago	478
Prior	1,312	1,341
Total	37,187	35,606
Secured lending facilities | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	9,338	9,445
Current Fiscal Year	956	1,135
One Year Ago	1,090	254
Two Years Ago	257	0
Three Years Ago	0	60
Four Years Ago	60
Prior	212	215
Total	11,913	11,109
Secured lending facilities | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	21,713	21,243
Current Fiscal Year	255	1,336
One Year Ago	1,489	208
Two Years Ago	211	98
Three Years Ago	88	486
Four Years Ago	418
Prior	1,100	1,126
Total	25,274	24,497
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	175	204
Current Fiscal Year	297	2,580
One Year Ago	2,455	1,848
Two Years Ago	1,864	728
Three Years Ago	739	1,811
Four Years Ago	1,777
Prior	1,294	1,344
Total	8,601	8,515
Commercial real estate | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	0	0
Current Fiscal Year	0	379
One Year Ago	388	239
Two Years Ago	310	0
Three Years Ago	0	659
Four Years Ago	559
Prior	185	211
Total	1,442	1,488
Commercial real estate | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	175	204
Current Fiscal Year	297	2,201
One Year Ago	2,067	1,609
Two Years Ago	1,554	728
Three Years Ago	739	1,152
Four Years Ago	1,218
Prior	1,109	1,133
Total	7,159	7,027
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	120	124
Current Fiscal Year	1,730	14,425
One Year Ago	14,257	14,353
Two Years Ago	14,207	8,908
Three Years Ago	8,799	5,291
Four Years Ago	5,217	2,134
Prior	11,070	9,225
Total	55,400	54,460
Residential real estate | Less than or equal to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	120	124
Current Fiscal Year	1,514	13,276
One Year Ago	13,123	13,378
Two Years Ago	13,240	8,452
Three Years Ago	8,349	4,968
Four Years Ago	4,899	1,965
Prior	10,200	8,492
Total	51,445	50,655
Residential real estate | Greater than 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	0	0
Current Fiscal Year	216	1,149
One Year Ago	1,134	975
Two Years Ago	967	456
Three Years Ago	450	323
Four Years Ago	318	169
Prior	870	733
Total	3,955	3,805
Residential real estate | Greater than or equal to 740
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	85	90
Current Fiscal Year	1,365	11,481
One Year Ago	11,347	11,604
Two Years Ago	11,486	7,292
Three Years Ago	7,198	4,208
Four Years Ago	4,151	1,635
Prior	8,280	6,853
Total	43,912	43,163
Residential real estate | 680-739
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	30	29
Current Fiscal Year	293	2,533
One Year Ago	2,503	2,492
Two Years Ago	2,467	1,501
Three Years Ago	1,489	946
Four Years Ago	929	447
Prior	2,448	2,072
Total	10,159	10,020
Residential real estate | Less than or equal to 679
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	5	5
Current Fiscal Year	72	411
One Year Ago	407	257
Two Years Ago	254	115
Three Years Ago	112	137
Four Years Ago	137	52
Prior	342	300
Total	1,329	1,277
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	80,840	84,355
Current Fiscal Year	754	3,266
One Year Ago	3,358	1,473
Two Years Ago	1,477	998
Three Years Ago	955	1,573
Four Years Ago	1,531	774
Prior	2,982	2,227
Total	91,897	94,666
Securities-based lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	73,763	77,115
Current Fiscal Year	468	1,425
One Year Ago	1,514	725
Two Years Ago	701	0
Three Years Ago	0	16
Four Years Ago	16	202
Prior	202	0
Total	76,664	79,483
Other | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	5,988	5,760
Current Fiscal Year	138	1,572
One Year Ago	1,115	525
Two Years Ago	481	580
Three Years Ago	579	913
Four Years Ago	970	268
Prior	1,706	1,581
Total	10,977	11,199
Other | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	1,089	1,480
Current Fiscal Year	148	269
One Year Ago	729	223
Two Years Ago	295	418
Three Years Ago	376	644
Four Years Ago	545	304
Prior	1,074	646
Total	$ 4,256	$ 3,984

Loans, Lending Commitments an_6

Loans, Lending Commitments and Related Allowance for Credit Losses - Past Due Loans Held for Investment before Allowance (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 200,520	$ 199,836
Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	271	356
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	7,435	6,589
Corporate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	46	112
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	37,187	35,606
Secured lending facilities | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	80	85
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	55,400	54,460
Residential real estate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	126	158
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	91,897	94,666
Securities-based lending and Other loans | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 19	$ 1

Loans, Lending Commitments an_7

Loans, Lending Commitments and Related Allowance for Credit Losses - Nonaccrual Loans Held for Investment before Allowance (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 810	$ 502
Nonaccrual loans without an ACL	140	117
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	177	71
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	89	94
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	353	209
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	125	118
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 66	$ 10

Loans, Lending Commitments an_8

Loans, Lending Commitments and Related Allowance for Credit Losses - Modified Loans Held for Investment (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Financing Receivable, Modified [Line Items]
Modified loans held for investment, amortized cost	$ 607
Term Extension
Financing Receivable, Modified [Line Items]
Modified loans held for investment, amortized cost	80
Corporate | Term Extension
Financing Receivable, Modified [Line Items]
Modified loans held for investment, amortized cost	$ 17
Financing Receivable, Modified, Weighted Average Term Increase from Modification	8 months
Modified loans held for investment, percentage of total loans	0.20%
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Modified loans held for investment, amortized cost	$ 62
Financing Receivable, Modified, Weighted Average Term Increase from Modification	2 months
Modified loans held for investment, percentage of total loans	0.70%
Commercial real estate | Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Modified loans held for investment, amortized cost	$ 67
Financing Receivable, Modified, Weighted Average Term Increase from Modification	8 months
Modified loans held for investment, percentage of total loans	0.80%
Residential real estate | Term Extension
Financing Receivable, Modified [Line Items]
Modified loans held for investment, amortized cost	$ 1
Financing Receivable, Modified, Weighted Average Term Increase from Modification	4 months
Modified loans held for investment, percentage of total loans	0%

Loans, Lending Commitments an_9

Loans, Lending Commitments and Related Allowance for Credit Losses - Troubled Debt Restructurings (Details) $ in Millions	Dec. 31, 2022 USD ($)
Receivables [Abstract]
Loans, before ACL	$ 29
Allowance for credit losses	$ 0

Loans, Lending Commitments a_10

Loans, Lending Commitments and Related Allowance for Credit Losses - Gross Charge-offs by Origination Year (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Financing Receivable and Allowance for Credit Losses
Revolving	$ (1)
2019	(30)
Prior	(40)
Total	(71)
Corporate
Financing Receivable and Allowance for Credit Losses
Revolving	(1)
2019	0
Prior	0
Total	(1)
Secured lending facilities
Financing Receivable and Allowance for Credit Losses
Revolving	0
2019	0
Prior	0
Total	0
Commercial real estate
Financing Receivable and Allowance for Credit Losses
Revolving	0
2019	(29)
Prior	(40)
Total	(69)
Residential real estate
Financing Receivable and Allowance for Credit Losses
Revolving	0
2019	0
Prior	0
Total	0
Securities-based lending and Other loans
Financing Receivable and Allowance for Credit Losses
Revolving	0
2019	(1)
Prior	0
Total	$ (1)

Loans, Lending Commitments a_11

Loans, Lending Commitments and Related Allowance for Credit Losses - Allowance for Credit Losses Rollforward - Loans and Lending Commitments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Allowance for loan losses rollforward
Beginning balance	$ 839	$ 654
Gross charge-offs	(71)	(11)
Provision (release)	201	39
Other	1	(3)
Ending balance	$ 970	$ 679
Percent of loans to total loans	100%	100%
Allowance for lending commitments rollforward
Beginning balance	$ 504	$ 444
Provision (release)	33	18
Other	2	(3)
Ending balance	539	459
Corporate
Allowance for loan losses rollforward
Beginning balance	235	165
Gross charge-offs	(1)	0
Provision (release)	31	6
Other	0	(1)
Ending balance	$ 265	$ 170
Percent of loans to total loans	4%	3%
Allowance for lending commitments rollforward
Beginning balance	$ 411	$ 356
Provision (release)	22	20
Other	2	(3)
Ending balance	435	373
Secured lending facilities
Allowance for loan losses rollforward
Beginning balance	153	163
Gross charge-offs	0	(3)
Provision (release)	0	12
Other	(1)	0
Ending balance	$ 152	$ 172
Percent of loans to total loans	18%	16%
Allowance for lending commitments rollforward
Beginning balance	$ 51	$ 41
Provision (release)	0	8
Other	0	0
Ending balance	51	49
Commercial real estate
Allowance for loan losses rollforward
Beginning balance	275	206
Gross charge-offs	(69)	(7)
Provision (release)	129	6
Other	0	(2)
Ending balance	$ 335	$ 203
Percent of loans to total loans	4%	5%
Allowance for lending commitments rollforward
Beginning balance	$ 15	$ 20
Provision (release)	7	(7)
Other	0	0
Ending balance	22	13
Residential real estate
Allowance for loan losses rollforward
Beginning balance	87	60
Gross charge-offs	0	0
Provision (release)	26	13
Other	0	0
Ending balance	$ 113	$ 73
Percent of loans to total loans	28%	26%
Allowance for lending commitments rollforward
Beginning balance	$ 4	$ 1
Provision (release)	1	0
Other	0	0
Ending balance	5	1
SBL and Other
Allowance for loan losses rollforward
Beginning balance	89	60
Gross charge-offs	(1)	(1)
Provision (release)	15	2
Other	2	0
Ending balance	$ 105	$ 61
Percent of loans to total loans	46%	50%
Allowance for lending commitments rollforward
Beginning balance	$ 23	$ 26
Provision (release)	3	(3)
Other	0	0
Ending balance	$ 26	$ 23

Loans, Lending Commitments a_12

Loans, Lending Commitments and Related Allowance for Credit Losses - Schedule of Selected Credit Ratios (Details)	Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
ACL for loans to total HFI loans	0.50%	0.40%
Nonaccrual HFI loans to total HFI loans	0.40%	0.30%
ACL for loans to nonaccrual HFI loans	119.80%	167.10%

Loans, Lending Commitments a_13

Loans, Lending Commitments and Related Allowance for Credit Losses - Employee Loans (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Employee Loans [Line Items]
Employee loans	$ 4,170	$ 4,120
ACL	(138)	(139)
Employee loans, net of ACL	$ 4,032	$ 3,981
Remaining repayment term, weighted average in years	5 years 9 months 18 days	5 years 9 months 18 days
Currently employed by the Firm
Employee Loans [Line Items]
Employee loans	$ 4,065	$ 4,023
No longer employed by the Firm
Employee Loans [Line Items]
Employee loans	$ 105	$ 97

Other Assets - Equity Method _3

Other Assets - Equity Method Investments - Balances (Details) - Investment Management - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Equity Method Investments
Investments	$ 1,962		$ 1,927
Income (loss)	$ 25	$ 6

Other Assets - Equity Method _4

Other Assets - Equity Method Investments - Joint Ventures (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
MUMSS
Equity Method Investments
Income (loss) from investment in MUMSS	$ 29	$ 4

Deposits - Summary (Details)

Deposits - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Savings and demand deposits	$ 298,330	$ 319,948
Time deposits	49,193	36,698
Total	347,523	356,646
Deposits subject to FDIC insurance	263,420	260,420
Deposits not subject to FDIC insurance	$ 84,103	$ 96,226

Deposits - Time Deposit Maturit

Deposits - Time Deposit Maturities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Time Deposit Maturities
2023	$ 22,647
2024	15,815
2025	5,204
2026	1,982
2027	1,847
Thereafter	1,698
Total	$ 49,193	$ 36,698

Borrowings and Other Secured _3

Borrowings and Other Secured Financings - Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Borrowings
Original maturities of one year or less	$ 4,587	$ 4,191
Original maturities greater than one year
Senior	231,205	221,667
Subordinated	14,390	12,200
Total	245,595	233,867
Total borrowings	$ 250,182	$ 238,058
Weighted average stated maturity, in years	6 years 8 months 12 days	6 years 8 months 12 days

Borrowings and Other Secured _4

Borrowings and Other Secured Financings - Other Secured Financings (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Original maturities:
One year or less	$ 980	$ 944
Greater than one year	7,690	7,214
Total	8,670	8,158
Transfers of assets accounted for as secured financings	$ 1,138	$ 1,119

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingencies - Commitments (Details) $ in Millions	Mar. 31, 2023 USD ($)
Commitment, Fiscal Year Maturity
Less than 1 (year)	$ 109,386
1-3 (years)	38,162
3-5 (years)	61,318
Over 5 (years)	11,323
Total	220,189
Forward-starting secured financing receivables
Commitment, Fiscal Year Maturity
Less than 1 (year)	70,011
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	0
Total	70,011
Central counterparty
Commitment, Fiscal Year Maturity
Less than 1 (year)	300
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	7,255
Total	7,555
Underwriting
Commitment, Fiscal Year Maturity
Less than 1 (year)	300
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	0
Total	300
Investment activities
Commitment, Fiscal Year Maturity
Less than 1 (year)	1,313
1-3 (years)	290
3-5 (years)	118
Over 5 (years)	356
Total	2,077
Letters of credit and other financial guarantees
Commitment, Fiscal Year Maturity
Less than 1 (year)	107
1-3 (years)	35
3-5 (years)	0
Over 5 (years)	8
Total	150
Corporate
Commitment, Fiscal Year Maturity
Less than 1 (year)	16,630
1-3 (years)	26,698
3-5 (years)	57,883
Over 5 (years)	1,819
Total	103,030
Lending commitments participated to third parties	7,509
Secured lending facilities
Commitment, Fiscal Year Maturity
Less than 1 (year)	7,379
1-3 (years)	5,943
3-5 (years)	2,884
Over 5 (years)	1,027
Total	17,233
Commercial and Residential real estate
Commitment, Fiscal Year Maturity
Less than 1 (year)	171
1-3 (years)	201
3-5 (years)	19
Over 5 (years)	336
Total	727
Securities-based lending and Other
Commitment, Fiscal Year Maturity
Less than 1 (year)	13,175
1-3 (years)	4,995
3-5 (years)	414
Over 5 (years)	522
Total	$ 19,106

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingencies - Obligations under Guarantee Arrangements (Details) $ in Millions	Mar. 31, 2023 USD ($)
Non-credit derivatives
Guarantees
Carrying amount: liability	$ (60,437)
Non-credit derivatives | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,418,449
Non-credit derivatives | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	1,132,093
Non-credit derivatives | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	347,086
Non-credit derivatives | Over 5 (Years)
Guarantees
Maximum potential payout/notional	692,818
Standby letters of credit and other financial guarantees issued
Guarantees
Carrying amount: liability	(6)
Standby letters of credit	600
Allowance for credit loss	77
Standby letters of credit and other financial guarantees issued | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,634
Standby letters of credit and other financial guarantees issued | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	635
Standby letters of credit and other financial guarantees issued | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	1,389
Standby letters of credit and other financial guarantees issued | Over 5 (Years)
Guarantees
Maximum potential payout/notional	2,676
Market value guarantees
Guarantees
Carrying amount: asset	0
Market value guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	2
Market value guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Market value guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Market value guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities
Guarantees
Carrying amount: liability	(2)
Liquidity facilities | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	2,593
Liquidity facilities | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Liquidity facilities | Over 5 (Years)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees
Guarantees
Carrying amount: liability	0
Whole loan sales guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	52
Whole loan sales guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	34
Whole loan sales guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	23,079
Securitization representations and warranties
Guarantees
Carrying amount: liability	(3)
Securitization representations and warranties | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Securitization representations and warranties | Over 5 (Years)
Guarantees
Maximum potential payout/notional	78,695
General partner guarantees
Guarantees
Carrying amount: liability	(87)
General partner guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	364
General partner guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	30
General partner guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	143
General partner guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	37
Client clearing guarantees
Guarantees
Carrying amount: liability	0
Client clearing guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	45
Client clearing guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Client clearing guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Client clearing guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	$ 0

Commitments, Guarantees and C_5

Commitments, Guarantees and Contingencies - Legal Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Legal expenses	$ 151	$ 84

Commitments, Guarantees and C_6

Commitments, Guarantees and Contingencies - Narrative (Details) - Mar. 31, 2023 € in Millions, $ in Millions	EUR (€)	USD ($)
Case Number 15/3637 and Case Number 15/4353 | Pending Litigation
Loss Contingencies
Withholding tax credit set-off	€ 124	$ 135

Variable Interest Entities an_3

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Type of Activity (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity
VIE Assets	$ 1,199,904	$ 1,180,231
VIE Liabilities	1,097,950	1,079,000
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity
VIE Assets	2,814	2,681
VIE Liabilities	1,744	1,313
Variable Interest Entity, Primary Beneficiary | MABS
Variable Interest Entity
VIE Assets	944	1,153
VIE Liabilities	659	520
Variable Interest Entity, Primary Beneficiary | Investment vehicles
Variable Interest Entity
VIE Assets	634	638
VIE Liabilities	272	272
Variable Interest Entity, Primary Beneficiary | MTOB
Variable Interest Entity
VIE Assets	664	371
VIE Liabilities	614	322
Variable Interest Entity, Primary Beneficiary | Other
Variable Interest Entity
VIE Assets	572	519
VIE Liabilities	$ 199	$ 199

Variable Interest Entities an_4

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Balance Sheet Caption (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 111,258	$ 128,127
Trading assets at fair value	320,301	301,315
Investment securities	148,351	149,303
Securities purchased under agreements to resell	121,885	113,907
Customer and other receivables	74,095	78,540
Other assets	29,382	26,982
Total assets	1,199,904	1,180,231
Liabilities
Other secured financings	8,670	8,158
Other liabilities and accrued expenses	24,032	27,353
Borrowings	250,182	238,058
Total liabilities	1,097,950	1,079,000
Noncontrolling interests	1,128	1,090
Variable Interest Entity, Primary Beneficiary
Assets
Cash and cash equivalents	141	142
Trading assets at fair value	1,885	2,066
Investment securities	577	255
Securities purchased under agreements to resell	200	200
Customer and other receivables	9	16
Other assets	2	2
Total assets	2,814	2,681
Liabilities
Other secured financings	1,618	1,185
Other liabilities and accrued expenses	122	124
Borrowings	4	4
Total liabilities	1,744	1,313
Noncontrolling interests	$ 75	$ 71

Variable Interest Entities an_5

Variable Interest Entities and Securitization Activities - Non-Consolidated VIEs (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity
VIE Assets	$ 1,199,904	$ 1,180,231
Additional VIE assets owned	14,419	13,708
VIE Liabilities	1,097,950	1,079,000
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE assets (UPB)	132,049	123,601
MABS
Variable Interest Entity
VIE assets (UPB)	132,049	123,601
Maximum exposure to loss	18,207	13,778
MABS | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	16,917	13,104
MABS | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	16,917	13,104
MABS | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	16,917	13,104
MABS | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
MABS | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	0	0
MABS | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
MABS | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	1,290	674
CDO
Variable Interest Entity
VIE assets (UPB)	926	3,162
Maximum exposure to loss	74	274
CDO | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	74	274
CDO | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	74	274
CDO | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	74	274
CDO | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
CDO | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	0	0
CDO | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
CDO | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
MTOB
Variable Interest Entity
VIE assets (UPB)	3,688	4,632
Maximum exposure to loss	2,593	3,200
MTOB | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	3	3
MTOB | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	0	0
MTOB | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	0	0
MTOB | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	2,593	3,200
MTOB | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	3	3
MTOB | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	5	3
MTOB | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
OSF
Variable Interest Entity
VIE assets (UPB)	2,619	2,403
Maximum exposure to loss	1,749	1,694
OSF | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,558	1,577
OSF | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	1,749	1,694
OSF | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,558	1,577
OSF | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	0	0
OSF | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	0	0
OSF | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
OSF | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
Other
Variable Interest Entity
VIE assets (UPB)	52,661	50,178
Maximum exposure to loss	18,258	18,217
Other | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	13,482	13,160
Other | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	11,751	11,596
Other | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	11,751	11,596
Other | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	5,615	5,211
Other | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,731	1,564
Other | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	306	281
Other | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	$ 892	$ 1,410

Variable Interest Entities an_6

Variable Interest Entities and Securitization Activities - Mortgage and Asset Backed Securitization Assets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity
Debt and Equity Interests	$ 1,199,904	$ 1,180,231
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
UPB	132,049	123,601
Variable Interest Entity, Not Primary Beneficiary | Residential mortgages
Variable Interest Entity
UPB	16,999	20,428
Variable Interest Entity, Not Primary Beneficiary | Commercial mortgages
Variable Interest Entity
UPB	69,821	67,540
Variable Interest Entity, Not Primary Beneficiary | U.S. agency collateralized mortgage obligations
Variable Interest Entity
UPB	39,959	32,567
Variable Interest Entity, Not Primary Beneficiary | Other consumer or commercial loans
Variable Interest Entity
UPB	5,270	3,066
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests
Variable Interest Entity
Debt and Equity Interests	16,917	13,104
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Residential mortgages
Variable Interest Entity
Debt and Equity Interests	2,441	2,570
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Commercial mortgages
Variable Interest Entity
Debt and Equity Interests	4,594	4,236
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | U.S. agency collateralized mortgage obligations
Variable Interest Entity
Debt and Equity Interests	5,959	4,729
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Other consumer or commercial loans
Variable Interest Entity
Debt and Equity Interests	$ 3,923	$ 1,569

Variable Interest Entities an_7

Variable Interest Entities and Securitization Activities - Transferred Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity
Derivative assets	$ 40,423	$ 44,212
Derivative liabilities	29,029	38,135
SPE
Variable Interest Entity
Interests purchased in the secondary market	98	201
Derivative assets	1,151	1,114
Derivative liabilities	288	201
SPE | Investment grade
Variable Interest Entity
Interests purchased in the secondary market	76	143
SPE | Non-investment grade
Variable Interest Entity
Interests purchased in the secondary market	22	58
SPE | RML
Variable Interest Entity
SPE assets (UPB)	4,095	3,732
Retained interests	219	163
Interests purchased in the secondary market	23	117
Derivative assets	0	0
Derivative liabilities	0	0
SPE | RML | Investment grade
Variable Interest Entity
Retained interests	138	137
Interests purchased in the secondary market	17	82
SPE | RML | Non-investment grade
Variable Interest Entity
Retained interests	81	26
Interests purchased in the secondary market	6	35
SPE | CML
Variable Interest Entity
SPE assets (UPB)	72,848	73,069
Retained interests	1,400	1,392
Interests purchased in the secondary market	65	74
Derivative assets	0	0
Derivative liabilities	0	0
SPE | CML | Investment grade
Variable Interest Entity
Retained interests	888	927
Interests purchased in the secondary market	49	51
SPE | CML | Non-investment grade
Variable Interest Entity
Retained interests	512	465
Interests purchased in the secondary market	16	23
SPE | U.S. Agency CMO
Variable Interest Entity
SPE assets (UPB)	7,061	6,448
Retained interests	424	378
Interests purchased in the secondary market	10	10
Derivative assets	0	0
Derivative liabilities	0	0
SPE | U.S. Agency CMO | Investment grade
Variable Interest Entity
Retained interests	424	367
Interests purchased in the secondary market	10	10
SPE | U.S. Agency CMO | Non-investment grade
Variable Interest Entity
Retained interests	0	11
Interests purchased in the secondary market	0	0
SPE | CLN and Other
Variable Interest Entity
SPE assets (UPB)	10,689	10,928
Retained interests	42	44
Interests purchased in the secondary market	0	0
Derivative assets	1,151	1,114
Derivative liabilities	288	201
SPE | CLN and Other | Investment grade
Variable Interest Entity
Retained interests	0	0
Interests purchased in the secondary market	0	0
SPE | CLN and Other | Non-investment grade
Variable Interest Entity
Retained interests	42	44
Interests purchased in the secondary market	$ 0	$ 0

Variable Interest Entities an_8

Variable Interest Entities and Securitization Activities - Fair Value of Transfers of Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity
Derivative assets	$ 40,423	$ 44,212
Derivative liabilities	29,029	38,135
SPE
Variable Interest Entity
Retained interests	629	530
Interests purchased in the secondary market	98	201
Derivative assets	1,151	1,114
Derivative liabilities	288	201
SPE | Investment grade
Variable Interest Entity
Retained interests	561	489
Interests purchased in the secondary market	76	143
SPE | Non-investment grade
Variable Interest Entity
Retained interests	68	41
Interests purchased in the secondary market	22	58
SPE | Level 2
Variable Interest Entity
Retained interests	578	514
Interests purchased in the secondary market	87	182
Derivative assets	1,151	1,114
Derivative liabilities	288	153
SPE | Level 2 | Investment grade
Variable Interest Entity
Retained interests	561	489
Interests purchased in the secondary market	74	140
SPE | Level 2 | Non-investment grade
Variable Interest Entity
Retained interests	17	25
Interests purchased in the secondary market	13	42
SPE | Level 3
Variable Interest Entity
Retained interests	51	16
Interests purchased in the secondary market	11	19
Derivative assets	0	0
Derivative liabilities	0	48
SPE | Level 3 | Investment grade
Variable Interest Entity
Retained interests	0	0
Interests purchased in the secondary market	2	3
SPE | Level 3 | Non-investment grade
Variable Interest Entity
Retained interests	51	16
Interests purchased in the secondary market	$ 9	$ 16

Variable Interest Entities an_9

Variable Interest Entities and Securitization Activities - Proceeds from New Securitization Transactions and Sales of Loans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Transfer of Financial Assets Accounted for as Sales
New transactions	$ 2,521	$ 8,260
Retained interests	1,575	1,622
CLO SPEs | Corporate Loans
Transfer of Financial Assets Accounted for as Sales
Sales of corporate loans to CLO SPEs	$ 0	$ 4

Variable Interest Entities a_10

Variable Interest Entities and Securitization Activities - Assets Sold with Retained Exposure (Details) - Bilateral OTC - Equity - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Transfer of Financial Assets Accounted for as Sales
Gross cash proceeds from sale of assets	$ 49,167	$ 49,059
Fair value
Assets sold	49,824	47,281
Derivative assets recognized in the balance sheet	885	116
Derivative liabilities recognized in the balance sheet	$ 228	$ 1,893

Regulatory Requirements - Capit

Regulatory Requirements - Capital Buffer Requirements (Details)	Mar. 31, 2023	Dec. 31, 2022
Capital conservation buffer
Advanced (as a percent)	0.025	0.025
SCB
Standardized (as a percent)	0.058	0.058
G-SIB capital surcharge
Standardized (as a percent)	0.030	0.030
Advanced (as a percent)	0.030	0.030
CCyB
Standardized (as a percent)	0	0
Advanced (as a percent)	0	0
Capital buffer requirement
Standardized (as a percent)	0.088	0.088
Advanced (as a percent)	0.055	0.055
Maximum
CCyB
Standardized (as a percent)	0.025	0.025

Regulatory Requirements - Narra

Regulatory Requirements - Narrative (Details)	Mar. 31, 2023	Dec. 31, 2022
Regulatory Requirements
Standardized (as a percent)	0	0
Maximum
Regulatory Requirements
Standardized (as a percent)	0.025	0.025

Regulatory Requirements - Risk-

Regulatory Requirements - Risk-Based Regulatory Capital Ratio Requirements (Details)	Mar. 31, 2023	Dec. 31, 2022
Common Equity Tier 1 capital ratio
Regulatory Minimum (as a percent)	0.045
Standardized (as a percent)	13.30%	13.30%
Advanced (as a percent)	0.100	0.100
Tier 1 capital ratio
Regulatory Minimum (as a percent)	0.060
Standardized (as a percent)	0.148	0.148
Advanced (as a percent)	0.115	0.115
Total capital ratio
Regulatory Minimum (as a percent)	0.080
Standardized (as a percent)	0.168	0.168
Advanced (as a percent)	0.135	0.135

Regulatory Requirements - The F

Regulatory Requirements - The Firm's Regulatory Capital and Capital Ratios (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Required Ratio
Common Equity Tier 1 capital (as a percent)	13.30%	13.30%
Tier 1 capital (as a percent)	0.148	0.148
Total capital (as a percent)	0.168	0.168
Tier 1 leverage (as a percent)	0.040
SLR (as a percent)	5%
Amount
Common Equity Tier 1 capital	$ 69,454	$ 68,670
Tier 1 capital	77,947	77,191
Total capital	89,794	86,575
Total RWA	459,107	447,849
Adjusted average assets	1,168,328	1,150,772
Supplementary leverage exposure	$ 1,422,808	$ 1,399,403
Ratio
Common Equity Tier 1 capital (as a percent)	0.151	0.153
Tier 1 capital (as a percent)	0.170	0.172
Total capital (as a percent)	0.196	0.193
Tier 1 leverage (as a percent)	0.067	0.067
SLR (as a percent)	0.055	0.055

Regulatory Requirements - U.S.

Regulatory Requirements - U.S. Bank Subsidiaries' Regulatory Capital and Capital Ratios (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Required Ratio
Common Equity Tier 1 capital (as a percent)	13.30%	13.30%
Tier 1 capital (as a percent)	0.148	0.148
Total capital (as a percent)	0.168	0.168
Tier 1 leverage (as a percent)	0.040
SLR (as a percent)	5%
Amount
Common Equity Tier 1 capital	$ 69,454	$ 68,670
Tier 1 capital	77,947	77,191
Total capital	$ 89,794	$ 86,575
Ratio
Common Equity Tier 1 capital (as a percent)	0.151	0.153
Tier 1 capital (as a percent)	0.170	0.172
Total capital (as a percent)	0.196	0.193
Tier 1 leverage (as a percent)	0.067	0.067
SLR (as a percent)	0.055	0.055
MSBNA
Well-Capitalized Requirement Ratio [Abstract]
Common Equity Tier 1 capital (as a percent)	6.50%
Tier 1 capital (as a percent)	8%
Total capital (as a percent)	0.100
Tier 1 leverage (as a percent)	0.050
SLR (as a percent)	6%
Required Ratio
Common Equity Tier 1 capital (as a percent)	7%
Tier 1 capital (as a percent)	0.085
Total capital (as a percent)	0.105
Tier 1 leverage (as a percent)	0.040
SLR (as a percent)	3%
Amount
Common Equity Tier 1 capital	$ 21,485	$ 20,043
Tier 1 capital	21,485	20,043
Total capital	22,221	20,694
Tier 1 leverage	21,485	20,043
SLR	$ 21,485	$ 20,043
Ratio
Common Equity Tier 1 capital (as a percent)	0.215	0.205
Tier 1 capital (as a percent)	0.215	0.205
Total capital (as a percent)	0.223	0.211
Tier 1 leverage (as a percent)	0.105	0.101
SLR (as a percent)	0.083	0.081
MSPBNA
Well-Capitalized Requirement Ratio [Abstract]
Common Equity Tier 1 capital (as a percent)	6.50%
Tier 1 capital (as a percent)	8%
Total capital (as a percent)	0.100
Tier 1 leverage (as a percent)	0.050
SLR (as a percent)	6%
Required Ratio
Common Equity Tier 1 capital (as a percent)	7%
Tier 1 capital (as a percent)	0.085
Total capital (as a percent)	0.105
Tier 1 leverage (as a percent)	0.040
SLR (as a percent)	3%
Amount
Common Equity Tier 1 capital	$ 16,321	$ 15,546
Tier 1 capital	16,321	15,546
Total capital	16,521	15,695
Tier 1 leverage	16,321	15,546
SLR	$ 16,321	$ 15,546
Ratio
Common Equity Tier 1 capital (as a percent)	0.283	0.275
Tier 1 capital (as a percent)	0.283	0.275
Total capital (as a percent)	0.286	0.278
Tier 1 leverage (as a percent)	0.081	0.076
SLR (as a percent)	0.078	0.074

Regulatory Requirements - U.S_2

Regulatory Requirements - U.S. Broker-Dealer Regulatory Capital Requirements (Details) - MS&Co. - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Regulatory Requirements
Net capital	$ 17,616	$ 17,224
Excess net capital	$ 13,134	$ 12,861

Total Equity - Preferred Stock

Total Equity - Preferred Stock Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Class of Stock
Preferred stock carrying value	$ 8,750	$ 8,750
Preferred stock shares authorized (shares)	30,000,000	30,000,000
Series A
Class of Stock
Preferred stock shares outstanding (shares)	44,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,100	$ 1,100
Series C
Class of Stock
Preferred stock shares outstanding (shares)	519,882
Liquidation preference per share (USD per share)	$ 1,000
Preferred stock carrying value	$ 408	408
Series E
Class of Stock
Preferred stock shares outstanding (shares)	34,500
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 862	862
Series F
Class of Stock
Preferred stock shares outstanding (shares)	34,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 850	850
Series I
Class of Stock
Preferred stock shares outstanding (shares)	40,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,000	1,000
Series K
Class of Stock
Preferred stock shares outstanding (shares)	40,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,000	1,000
Series L
Class of Stock
Preferred stock shares outstanding (shares)	20,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 500	500
Series M
Class of Stock
Preferred stock shares outstanding (shares)	400,000
Liquidation preference per share (USD per share)	$ 1,000
Preferred stock carrying value	$ 430	430
Series N
Class of Stock
Preferred stock shares outstanding (shares)	3,000
Liquidation preference per share (USD per share)	$ 100,000
Preferred stock carrying value	$ 300	300
Series O
Class of Stock
Preferred stock shares outstanding (shares)	52,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,300	1,300
Series P
Class of Stock
Preferred stock shares outstanding (shares)	40,000
Liquidation preference per share (USD per share)	$ 25,000
Preferred stock carrying value	$ 1,000	$ 1,000

Total Equity - Common Stock Rep

Total Equity - Common Stock Repurchases (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity [Abstract]
Repurchases of common stock under the Firm’s Share Repurchase Authorization	$ 1,500	$ 2,872

Total Equity - Narrative (Detai

Total Equity - Narrative (Details) $ in Billions	Jun. 27, 2022 USD ($)
Equity [Abstract]
Authorized repurchase amount of outstanding common stock	$ 20

Total Equity - Common Shares Ou

Total Equity - Common Shares Outstanding for Basic and Diluted EPS (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity [Abstract]
Weighted average common shares outstanding, basic (shares)	1,645	1,733
Effect of dilutive RSUs and PSUs (shares)	18	22
Weighted average common shares outstanding and common stock equivalents, diluted (shares)	1,663	1,755
Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) (shares)	4	5

Total Equity - Dividends (Detai

Total Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Preferred Stock Dividends
Preferred stock dividends declared	$ 144	$ 124
Dividends declared per common share (USD per share)	$ 0.775	$ 0.700
Common stock dividends	$ 1,305	$ 1,252
Series A
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 343	$ 242
Preferred stock dividends declared	$ 15	$ 11
Series C
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 25	$ 25
Preferred stock dividends declared	$ 13	$ 13
Series E
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 445	$ 445
Preferred stock dividends declared	$ 15	$ 15
Series F
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 430	$ 430
Preferred stock dividends declared	$ 14	$ 14
Series I
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 398	$ 398
Preferred stock dividends declared	$ 16	$ 16
Series K
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 366	$ 366
Preferred stock dividends declared	$ 15	$ 15
Series L
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 305	$ 305
Preferred stock dividends declared	$ 6	$ 6
Series M
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 29	$ 29
Preferred stock dividends declared	$ 12	$ 12
Series N
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 2,650	$ 2,650
Preferred stock dividends declared	$ 8	$ 8
Series O
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 266	$ 266
Preferred stock dividends declared	$ 14	$ 14
Series P
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 406	$ 0
Preferred stock dividends declared	$ 16	$ 0

Total Equity - Accumulated Othe

Total Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	$ 101,231
Ending balance	101,954	$ 104,075
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(6,253)	(3,102)
OCI during the period	542	(1,800)
Ending balance	(5,711)	(4,902)
CTA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(1,204)	(1,002)
OCI during the period	32	(48)
Ending balance	(1,172)	(1,050)
AFS Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(4,192)	245
OCI during the period	512	(2,395)
Ending balance	(3,680)	(2,150)
Pension and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(508)	(551)
OCI during the period	(1)	5
Ending balance	(509)	(546)
DVA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(345)	(1,794)
OCI during the period	(8)	638
Ending balance	(353)	(1,156)
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(4)	0
OCI during the period	7	0
Ending balance	$ 3	$ 0

Total Equity - Components of Pe

Total Equity - Components of Period Changes in OCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
After-tax Gain (Loss)
Net OCI	$ 523	$ (1,835)
Foreign Currency Translation Adjustment Attributable to Parent
After-tax Gain (Loss)
OCI activity	32	(48)
Reclassified to earnings	0	0
Net OCI	32	(48)
Foreign Currency Translation Adjustment Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(10)	(60)
Reclassified to earnings	0	0
Net OCI	(10)	(60)
Income Tax Benefit (Provision)
OCI activity	30	(45)
Reclassified to earnings	0	0
Net OCI	30	(45)
After-tax Gain (Loss)
OCI activity	20	(105)
Reclassified to earnings	0	0
Net OCI	20	(105)
Foreign Currency Translation Adjustment Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	(12)	(57)
Reclassified to earnings	0	0
Net OCI	(12)	(57)
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Parent
After-tax Gain (Loss)
OCI activity	543	(2,361)
Reclassified to earnings	(31)	(34)
Net OCI	512	(2,395)
Change in Net Unrealized Gains (Losses) on AFS Securities Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	710	(3,084)
Reclassified to earnings	(41)	(44)
Net OCI	669	(3,128)
Income Tax Benefit (Provision)
OCI activity	(167)	723
Reclassified to earnings	10	10
Net OCI	(157)	733
After-tax Gain (Loss)
OCI activity	543	(2,361)
Reclassified to earnings	(31)	(34)
Net OCI	512	(2,395)
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	0	0
Net OCI	0	0
Pension and Other Attributable to Parent
After-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	(1)	5
Net OCI	(1)	5
Pension and Other Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	(1)	5
Net OCI	(1)	5
Income Tax Benefit (Provision)
OCI activity	0	0
Reclassified to earnings	0	0
Net OCI	0	0
After-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	(1)	5
Net OCI	(1)	5
Pension and Other Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	0	0
Net OCI	0	0
Change in Net DVA Attributable to Parent
After-tax Gain (Loss)
OCI activity	(13)	638
Reclassified to earnings	5	0
Net OCI	(8)	638
Change in Net DVA Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(30)	871
Reclassified to earnings	6	0
Net OCI	(24)	871
Income Tax Benefit (Provision)
OCI activity	10	(211)
Reclassified to earnings	(1)	0
Net OCI	9	(211)
After-tax Gain (Loss)
OCI activity	(20)	660
Reclassified to earnings	5	0
Net OCI	(15)	660
Change in Net DVA Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	(7)	22
Reclassified to earnings	0	0
Net OCI	(7)	$ 22
Change in Fair Value of Cash Flow Hedge Derivatives Attributable to Parent
After-tax Gain (Loss)
OCI activity	6
Reclassified to earnings	1
Net OCI	7
Change in Fair Value of Cash Flow Hedge Derivatives Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	7
Reclassified to earnings	1
Net OCI	8
Income Tax Benefit (Provision)
OCI activity	(1)
Reclassified to earnings	0
Net OCI	(1)
After-tax Gain (Loss)
OCI activity	6
Reclassified to earnings	1
Net OCI	7
Change in Fair Value of Cash Flow Hedge Derivatives Attributable to Non Controlling Interest
After-tax Gain (Loss)
OCI activity	0
Reclassified to earnings	0
Net OCI	$ 0

Interest Income and Interest _3

Interest Income and Interest Expense - Summary (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income
Investment securities	$ 1,018	$ 777
Loans	2,815	1,156
Securities purchased under agreements to resell	1,477	13
Securities borrowed	1,172	(217)
Trading assets, net of Trading liabilities	913	524
Customer receivables and Other	3,475	397
Total interest income	10,870	2,650
Interest expense
Deposits	1,575	73
Borrowings	2,506	685
Securities sold under agreements to repurchase	1,218	49
Securities loaned	164	93
Customer payables and Other	3,061	(466)
Total interest expense	8,524	434
Net interest	$ 2,346	$ 2,216

Interest Income and Interest _4

Interest Income and Interest Expense - Accrued Interest (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Interest Income (Expense), Net [Abstract]
Customer and other receivables	$ 3,842	$ 4,139
Customer and other payables	$ 3,957	$ 4,273

Segment, Geographic and Reven_3

Segment, Geographic and Revenue Information - Selected Financial Information by Business Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information
Investment banking	$ 1,330	$ 1,758
Trading	4,477	3,983
Investments	145	75
Commissions and fees	1,239	1,416
Asset management	4,728	5,119
Other	252	234
Total non-interest revenues	12,171	12,585
Interest income	10,870	2,650
Interest expense	8,524	434
Net interest	2,346	2,216
Net revenues	14,517	14,801
Provision for credit losses	234	57
Compensation and benefits	6,410	6,274
Non-compensation expenses	4,113	3,882
Total non-interest expenses	10,523	10,156
Income before provision for income taxes	3,760	4,588
Provision for income taxes	727	873
Net income	3,033	3,715
Net income (loss) applicable to noncontrolling interests	53	49
Net income applicable to Morgan Stanley	2,980	3,666
I/E
Segment Reporting Information
Investment banking	(21)	(19)
Trading	9	18
Investments	0	0
Commissions and fees	(65)	(81)
Asset management	(50)	(42)
Other	(4)	(3)
Total non-interest revenues	(131)	(127)
Interest income	(544)	(56)
Interest expense	(547)	(57)
Net interest	3	1
Net revenues	(128)	(126)
Provision for credit losses	0	0
Compensation and benefits	0	0
Non-compensation expenses	(118)	(126)
Total non-interest expenses	(118)	(126)
Income before provision for income taxes	(10)	0
Provision for income taxes	(2)	0
Net income	(8)	0
Net income (loss) applicable to noncontrolling interests	0	0
Net income applicable to Morgan Stanley	(8)	0
IS | Operating Segments
Segment Reporting Information
Investment banking	1,247	1,634
Trading	4,257	4,205
Investments	28	99
Commissions and fees	714	774
Asset management	148	147
Other	180	117
Total non-interest revenues	6,574	6,976
Interest income	7,758	1,062
Interest expense	7,535	381
Net interest	223	681
Net revenues	6,797	7,657
Provision for credit losses	189	44
Compensation and benefits	2,365	2,604
Non-compensation expenses	2,351	2,222
Total non-interest expenses	4,716	4,826
Income before provision for income taxes	1,892	2,787
Provision for income taxes	363	535
Net income	1,529	2,252
Net income (loss) applicable to noncontrolling interests	51	61
Net income applicable to Morgan Stanley	1,478	2,191
WM | Operating Segments
Segment Reporting Information
Investment banking	104	143
Trading	227	(231)
Investments	16	12
Commissions and fees	590	723
Asset management	3,382	3,626
Other	82	122
Total non-interest revenues	4,401	4,395
Interest income	3,627	1,637
Interest expense	1,469	97
Net interest	2,158	1,540
Net revenues	6,559	5,935
Provision for credit losses	45	13
Compensation and benefits	3,477	3,125
Non-compensation expenses	1,325	1,224
Total non-interest expenses	4,802	4,349
Income before provision for income taxes	1,712	1,573
Provision for income taxes	336	301
Net income	1,376	1,272
Net income (loss) applicable to noncontrolling interests	0	0
Net income applicable to Morgan Stanley	1,376	1,272
IM | Operating Segments
Segment Reporting Information
Investment banking	0	0
Trading	(16)	(9)
Investments	101	(36)
Commissions and fees	0	0
Asset management	1,248	1,388
Other	(6)	(2)
Total non-interest revenues	1,327	1,341
Interest income	29	7
Interest expense	67	13
Net interest	(38)	(6)
Net revenues	1,289	1,335
Provision for credit losses	0	0
Compensation and benefits	568	545
Non-compensation expenses	555	562
Total non-interest expenses	1,123	1,107
Income before provision for income taxes	166	228
Provision for income taxes	30	37
Net income	136	191
Net income (loss) applicable to noncontrolling interests	2	(12)
Net income applicable to Morgan Stanley	$ 134	$ 203

Segment, Geographic and Reven_4

Segment, Geographic and Revenue Information - Institutional Securities - Investment Banking Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue from External Customer [Line Items]
Investment banking	$ 1,330	$ 1,758
Firm Investment banking revenues from contracts with customers (as a percent)	89%	90%
Institutional Securities | Operating Segments
Revenue from External Customer [Line Items]
Investment banking	$ 1,247	$ 1,634
Institutional Securities | Operating Segments | Institutional Securities Advisory
Revenue from External Customer [Line Items]
Investment banking	638	944
Institutional Securities | Operating Segments | Institutional Securities Underwriting
Revenue from External Customer [Line Items]
Investment banking	$ 609	$ 690

Segment, Geographic and Reven_5

Segment, Geographic and Revenue Information - Trading Revenues by Product Type (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue
Trading revenues	$ 4,477	$ 3,983
Interest rate
Disaggregation of Revenue
Trading revenues	1,368	391
Foreign exchange
Disaggregation of Revenue
Trading revenues	262	648
Equity
Disaggregation of Revenue
Trading revenues	2,212	2,007
Commodity and other
Disaggregation of Revenue
Trading revenues	539	525
Credit
Disaggregation of Revenue
Trading revenues	$ 96	$ 412

Segment, Geographic and Reven_6

Segment, Geographic and Revenue Information - Investment Management Investments Revenues - Net Unrealized Carried Interest (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Net cumulative unrealized performance-based fees at risk of reversing	$ 815	$ 819

Segment, Geographic and Reven_7

Segment, Geographic and Revenue Information - Investment Management Asset Management Revenues - Reduction of Fees due to Fee Waivers (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting [Abstract]
Fee waivers	$ 18	$ 124

Segment, Geographic and Reven_8

Segment, Geographic and Revenue Information - Other Expenses - Transaction Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting [Abstract]
Transaction taxes	$ 214	$ 258

Segment, Geographic and Reven_9

Segment, Geographic and Revenue Information - Net Revenues by Region (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information
Net revenues	$ 14,517	$ 14,801
Americas
Segment Reporting Information
Net revenues	10,791	10,464
EMEA
Segment Reporting Information
Net revenues	1,737	2,311
Asia
Segment Reporting Information
Net revenues	$ 1,989	$ 2,026

Segment, Geographic and Reve_10

Segment, Geographic and Revenue Information - Revenue Recognized from Prior Services (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting [Abstract]
Non-interest revenues	$ 704	$ 1,005

Segment, Geographic and Reve_11

Segment, Geographic and Revenue Information - Receivables from Contracts with Customers (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Customer and other receivables	$ 2,182	$ 2,577

Segment, Geographic and Reve_12

Segment, Geographic and Revenue Information - Assets by Business Segment (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting Information
Assets	$ 1,199,904	$ 1,180,231
Institutional Securities
Segment Reporting Information
Assets	819,195	789,837
Wealth Management
Segment Reporting Information
Assets	363,405	373,305
Investment Management
Segment Reporting Information
Assets	$ 17,304	$ 17,089