Morgan Stanley (MS) 10-Q 3 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Sep. 30, 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		1,641,311,580
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues
Investment banking	$ 1,048	$ 1,373	$ 3,533	$ 4,281
Trading	3,679	3,331	11,958	10,911
Investments	144	(168)	384	(70)
Commissions and fees	1,098	1,133	3,427	3,769
Asset management	5,031	4,744	14,576	14,775
Other	296	63	1,036	245
Total non-interest revenues	11,296	10,476	34,914	33,911
Interest income	13,305	6,101	36,223	12,363
Interest expense	11,328	3,591	29,890	5,355
Net interest	1,977	2,510	6,333	7,008
Net revenues	13,273	12,986	41,247	40,919
Provision for credit losses	134	35	529	193
Non-interest expenses
Compensation and benefits	5,935	5,614	18,607	17,438
Brokerage, clearing and exchange fees	855	847	2,611	2,607
Information processing and communications	947	874	2,788	2,560
Professional services	759	755	2,236	2,217
Occupancy and equipment	456	429	1,367	1,286
Marketing and business development	191	215	674	610
Other	851	829	2,718	2,713
Total non-interest expenses	9,994	9,563	31,001	29,431
Income before provision for income taxes	3,145	3,388	9,717	11,295
Provision for income taxes	710	726	2,028	2,382
Net income	2,435	2,662	7,689	8,913
Net income applicable to noncontrolling interests	27	30	119	120
Net income applicable to Morgan Stanley	2,408	2,632	7,570	8,793
Preferred stock dividends	146	138	423	366
Earnings applicable to Morgan Stanley common shareholders	$ 2,262	$ 2,494	$ 7,147	$ 8,427
Earnings per common share
Basic (USD per share)	$ 1.39	$ 1.49	$ 4.37	$ 4.95
Diluted (USD per share)	$ 1.38	$ 1.47	$ 4.33	$ 4.88
Average common shares outstanding
Basic (shares)	1,624	1,674	1,635	1,704
Diluted (shares)	1,643	1,697	1,653	1,725

Consolidated Comprehensive Inco

Consolidated Comprehensive Income Statement - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 2,435	$ 2,662	$ 7,689	$ 8,913
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(149)	(268)	(240)	(661)
Change in net unrealized gains (losses) on available-for-sale securities	(366)	(1,307)	125	(4,778)
Pension and other	(1)	5	(3)	13
Change in net debt valuation adjustment	(414)	816	(960)	2,628
Net change in cash flow hedges	(3)	0	(16)	0
Total other comprehensive income (loss)	(933)	(754)	(1,094)	(2,798)
Comprehensive income	1,502	1,908	6,595	6,115
Net income applicable to noncontrolling interests	27	30	119	120
Other comprehensive income (loss) applicable to noncontrolling interests	(31)	(17)	(145)	(142)
Comprehensive income applicable to Morgan Stanley	$ 1,506	$ 1,895	$ 6,621	$ 6,137

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 108,401	$ 128,127
Trading assets at fair value ($137,504 and $124,411 were pledged to various parties)	346,685	301,315
Available-for-sale at fair value (amortized cost of $81,573 and $89,772)	76,261	84,297
Held-to-maturity (fair value of $58,324 and $65,006)	70,705	75,634
Securities purchased under agreements to resell (includes $— and $8 at fair value)	101,569	113,907
Securities borrowed	120,916	133,374
Customer and other receivables	76,495	78,540
Loans:
Held for investment (net of allowance for credit losses of $1,157 and $839)	202,742	198,997
Held for sale	14,230	14,788
Goodwill	16,699	16,652
Intangible assets (net of accumulated amortization of $4,704 and $4,253)	7,204	7,618
Other assets	27,106	26,982
Total assets	1,169,013	1,180,231
Liabilities
Deposits (includes $6,318 and $4,796 at fair value)	345,458	356,646
Trading liabilities at fair value	150,298	154,438
Securities sold under agreements to repurchase (includes $1,002 and $864 at fair value)	76,661	62,534
Securities loaned	13,064	15,679
Other secured financings (includes $7,012 and $4,550 at fair value)	9,668	8,158
Customer and other payables	200,479	216,134
Other liabilities and accrued expenses	26,034	27,353
Borrowings (includes $86,556 and $78,720 at fair value)	247,193	238,058
Total liabilities	1,068,855	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	29,595	29,339
Retained earnings	98,007	94,862
Employee stock trusts	5,244	4,881
Accumulated other comprehensive income (loss)	(7,202)	(6,253)
Common stock held in treasury at cost, $0.01 par value (396,643,814 and 363,406,570 shares)	(29,959)	(26,577)
Common stock issued to employee stock trusts	(5,244)	(4,881)
Total Morgan Stanley shareholders’ equity	99,211	100,141
Noncontrolling interests	947	1,090
Total equity	100,158	101,231
Total liabilities and equity	$ 1,169,013	$ 1,180,231

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets
Trading assets pledged to various parties	$ 137,504	$ 124,411
Available-for-sale, amortized cost	81,573	89,772
Held-to-maturity, fair value	58,324	65,006
Fair value of securities purchased under agreement to resell	0	8
ACL	1,157	839
Intangible assets, accumulated amortization	4,704	4,253
Liabilities
Deposits at fair value	6,318	4,796
Fair value of securities sold under agreement to repurchase	1,002	864
Fair value of other secured financings	7,012	4,550
Fair value of borrowings	$ 86,556	$ 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)	1,642,250,165	1,675,487,409
Common stock held in treasury (shares)	396,643,814	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 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]
Issuance of preferred stock		1,000		(6)
Share-based award activity				57			905		1,677	(905)
Other net increases (decreases)				1	(2)						(57)
Net income applicable to Morgan Stanley	$ 8,793				8,793
Preferred stock dividends	(366)				(366)	[1]
Common stock dividends	(3,802)				(3,802)	[1]
Net change in Accumulated other comprehensive income (loss)	(2,798)							(2,656)			(142)
Repurchases of common stock and employee tax withholdings									(9,126)
Net income applicable to noncontrolling interests	120										120
Ending balance at Sep. 30, 2022	102,089	8,750	20	28,893	94,055		4,860	(5,758)	(24,949)	(4,860)	1,078
Beginning balance at Jun. 30, 2022		7,750	20	28,394	92,889		4,900	(5,021)	(22,436)	(4,900)	1,066
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of preferred stock		1,000		(6)
Share-based award activity				505			(40)		95	40
Other net increases (decreases)					1						(1)
Net income applicable to Morgan Stanley	2,632				2,632
Preferred stock dividends	(138)				(138)	[1]
Common stock dividends	(1,329)				(1,329)	[1]
Net change in Accumulated other comprehensive income (loss)	(754)							(737)			(17)
Repurchases of common stock and employee tax withholdings									(2,608)
Net income applicable to noncontrolling interests	30										30
Ending balance at Sep. 30, 2022	102,089	8,750	20	28,893	94,055		4,860	(5,758)	(24,949)	(4,860)	1,078
Beginning 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				256			363		1,479	(363)
Other net increases (decreases)					(1)						(117)
Net income applicable to Morgan Stanley	7,570				7,570
Preferred stock dividends	(423)				(423)	[1]
Common stock dividends	(4,001)				(4,001)	[1]
Net change in Accumulated other comprehensive income (loss)	(1,094)							(949)			(145)
Repurchases of common stock and employee tax withholdings									(4,861)
Net income applicable to noncontrolling interests	119										119
Ending balance at Sep. 30, 2023	100,158	8,750	20	29,595	98,007		5,244	(7,202)	(29,959)	(5,244)	947
Beginning balance at Jun. 30, 2023		8,750	20	29,245	97,151		5,258	(6,300)	(28,480)	(5,258)	975
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				350			(14)		77	14
Other net increases (decreases)					(2)						(24)
Net income applicable to Morgan Stanley	2,408				2,408
Preferred stock dividends	(146)				(146)	[1]
Common stock dividends	(1,404)				(1,404)	[1]
Net change in Accumulated other comprehensive income (loss)	(933)							(902)			(31)
Repurchases of common stock and employee tax withholdings									(1,556)
Net income applicable to noncontrolling interests	27										27
Ending balance at Sep. 30, 2023	$ 100,158	$ 8,750	$ 20	$ 29,595	$ 98,007		$ 5,244	$ (7,202)	$ (29,959)	$ (5,244)	$ 947
[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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities
Net income	$ 7,689	$ 8,913
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Stock-based compensation expense	1,348	1,377
Depreciation and amortization	2,850	2,791
Provision for credit losses	529	193
Other operating adjustments	44	508
Changes in assets and liabilities:
Trading assets, net of Trading liabilities	(53,171)	(23,285)
Securities borrowed	12,458	(6,765)
Securities loaned	(2,615)	798
Customer and other receivables and other assets	3,884	7,966
Customer and other payables and other liabilities	(15,265)	8,283
Securities purchased under agreements to resell	12,338	8,875
Securities sold under agreements to repurchase	14,127	(2,055)
Net cash provided by (used for) operating activities	(15,784)	7,599
Proceeds from (payments for):
Other assets—Premises, equipment and software	(2,483)	(2,308)
Changes in loans, net	(4,186)	(23,280)
AFS securities:
Purchases	(9,522)	(22,636)
Proceeds from sales	5,315	21,922
Proceeds from paydowns and maturities	12,017	11,682
HTM securities:
Purchases	0	(5,231)
Proceeds from paydowns and maturities	4,922	7,837
Other investing activities	(346)	(516)
Net cash provided by (used for) investing activities	5,717	(12,530)
Net proceeds from (payments for):
Other secured financings	146	(1,352)
Deposits	(11,188)	(16,816)
Issuance of preferred stock, net of issuance costs	0	994
Proceeds from issuance of Borrowings	60,916	54,283
Payments for:
Borrowings	(48,847)	(27,019)
Repurchases of common stock and employee tax withholdings	(4,836)	(9,126)
Cash dividends	(4,286)	(4,023)
Other financing activities	(325)	(202)
Net cash provided by (used for) financing activities	(8,420)	(3,261)
Effect of exchange rate changes on cash and cash equivalents	(1,239)	(7,837)
Net increase (decrease) in cash and cash equivalents	(19,726)	(16,029)
Cash and cash equivalents, at beginning of period	128,127	127,725
Cash and cash equivalents, at end of period	108,401	111,696
Supplemental Disclosure of Cash Flow Information
Cash payments for interest	30,299	4,339
Cash payments for income taxes, net of refunds	$ 1,248	$ 2,805

Introduction and Basis of Prese

Introduction and Basis of Presentation	9 Months Ended
	Sep. 30, 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 securities and other products, 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	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2023 there were no significant updates to the Firm’s significant accounting policies, other than for the accounting updates adopted. Accounting Updates Adopted in 2023 Fair Value Measurement - Equity Securities Subject to Contractual Sale Restrictions The Firm early adopted the Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions accounting update on July 1, 2023, with no material impact on the Firm’s financial condition or results of operations upon adoption. The update clarifies that a contractual sale restriction is not considered part of the unit of account of an equity security and, therefore, is not considered in measuring fair value. 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	9 Months Ended
	Sep. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents $ in millions At At Cash and due from banks $ 7,029 $ 5,409 Interest bearing deposits with banks 101,372 122,718 Total Cash and cash equivalents $ 108,401 $ 128,127 Restricted cash $ 28,638 $ 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	9 Months Ended
	Sep. 30, 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 September 30, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 63,418 $ 36,553 $ — $ — $ 99,971 Other sovereign government obligations 36,432 6,050 94 — 42,576 State and municipal securities — 1,153 112 — 1,265 MABS — 1,499 536 — 2,035 Loans and lending commitments 2 — 5,946 2,039 — 7,985 Corporate and other debt — 29,292 2,463 — 31,755 Corporate equities 3,5 104,786 676 195 — 105,657 Derivative and other contracts: Interest rate 7,172 197,954 524 — 205,650 Credit — 9,471 448 — 9,919 Foreign exchange 23 95,172 83 — 95,278 Equity 1,807 46,557 607 — 48,971 Commodity and other 2,075 12,334 2,910 — 17,319 Netting 1 (7,953) (280,170) (1,023) (42,600) (331,746) Total derivative and other contracts 3,124 81,318 3,549 (42,600) 45,391 Investments 4,5 624 646 934 — 2,204 Physical commodities — 2,381 — — 2,381 Total trading assets 4 208,384 165,514 9,922 (42,600) 341,220 Investment securities—AFS 46,572 29,654 35 — 76,261 Total assets at fair value $ 254,956 $ 195,168 $ 9,957 $ (42,600) $ 417,481 At September 30, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 6,302 $ 16 $ — $ 6,318 Trading liabilities: U.S. Treasury and agency securities 22,819 106 — — 22,925 Other sovereign government obligations 30,965 2,435 3 — 33,403 Corporate and other debt — 9,979 50 — 10,029 Corporate equities 3 51,164 125 41 — 51,330 Derivative and other contracts: Interest rate 6,183 192,109 773 — 199,065 Credit — 9,735 358 — 10,093 Foreign exchange 208 86,626 212 — 87,046 Equity 1,667 55,795 1,389 — 58,851 Commodity and other 2,561 11,626 1,629 — 15,816 Netting 1 (7,953) (280,170) (1,023) (49,114) (338,260) Total derivative and other contracts 2,666 75,721 3,338 (49,114) 32,611 Total trading liabilities 107,614 88,366 3,432 (49,114) 150,298 Securities sold under agreements to repurchase — 544 458 — 1,002 Other secured financings — 6,914 98 — 7,012 Borrowings — 85,028 1,528 — 86,556 Total liabilities at fair value $ 107,614 $ 187,154 $ 5,532 $ (49,114) $ 251,186 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. 5. At September 30, 2023, the Firm's Trading assets included an insignificant amount of equity securities subject to contractual sale restrictions that generally prohibit the Firm from selling the security for a period of time as of the measurement date. Detail of Loans and Lending Commitments at Fair Value $ in millions At At Secured lending facilities $ — $ 6 Commercial Real Estate 584 528 Residential Real Estate 2,555 2,020 Securities-based lending and Other loans 4,846 5,843 Total $ 7,985 $ 8,397 Unsettled Fair Value of Futures Contracts 1 $ in millions At At Customer and other receivables (payables), net $ 1,062 $ 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 Nine Months Ended $ in millions 2023 2022 2023 2022 U.S. Treasury and agency securities Beginning balance $ — $ 9 $ 17 $ 2 Realized and unrealized gains (losses) — — — (1) Purchases — 1 — 2 Sales — (4) (10) (7) Net transfers — (5) (7) 5 Ending balance $ — $ 1 $ — $ 1 Unrealized gains (losses) $ — $ — $ — $ (1) Other sovereign government obligations Beginning balance $ 128 $ 161 $ 169 $ 211 Realized and unrealized gains (losses) — 23 6 (24) Purchases 17 43 18 69 Sales (30) (57) (112) (60) Net transfers (21) (33) 13 (59) Ending balance $ 94 $ 137 $ 94 $ 137 Unrealized gains (losses) $ 1 $ 23 $ 1 $ (22) State and municipal securities Beginning balance $ 40 $ 29 $ 145 $ 13 Realized and unrealized gains (losses) (3) (1) (2) (2) Purchases 147 4 255 54 Sales (20) — (218) — Net transfers (52) 20 (68) (13) Ending balance $ 112 $ 52 $ 112 $ 52 Unrealized gains (losses) $ (3) $ (3) $ (3) $ (2) MABS Beginning balance $ 486 $ 339 $ 416 $ 344 Realized and unrealized gains (losses) (1) 8 13 (366) Purchases 88 3 149 448 Sales (33) (33) (79) (116) Settlements — — 50 — Net transfers (4) 27 (13) 34 Ending balance $ 536 $ 344 $ 536 $ 344 Unrealized gains (losses) $ 4 $ 9 $ 5 $ (12) Loans and lending commitments Beginning balance $ 2,400 $ 2,507 $ 2,017 $ 3,806 Realized and unrealized gains (losses) (6) (26) (91) 8 Purchases and originations 997 541 1,569 800 Sales (539) (353) (686) (801) Settlements (666) (144) (717) (618) Net transfers (147) 58 (53) (612) Ending balance $ 2,039 $ 2,583 $ 2,039 $ 2,583 Unrealized gains (losses) $ (6) $ (27) $ (91) $ — Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Corporate and other debt Beginning balance $ 2,223 $ 2,113 $ 2,096 $ 1,973 Realized and unrealized gains (losses) 108 (43) 231 446 Purchases and originations 346 132 561 752 Sales (465) (528) (618) (1,400) Settlements (6) (30) (6) (26) Net transfers 257 254 199 153 Ending balance $ 2,463 $ 1,898 $ 2,463 $ 1,898 Unrealized gains (losses) $ 113 $ (42) $ 239 $ 454 Corporate equities Beginning balance $ 166 $ 246 $ 116 $ 115 Realized and unrealized gains (losses) (29) (60) (64) (71) Purchases 32 15 101 79 Sales (34) (37) (38) (67) Net transfers 60 (19) 80 89 Ending balance $ 195 $ 145 $ 195 $ 145 Unrealized gains (losses) $ (25) $ (60) $ (36) $ (65) Investments Beginning balance $ 968 $ 1,027 $ 923 $ 1,125 Realized and unrealized gains (losses) 17 (140) 24 (275) Purchases 6 6 153 52 Sales (76) (18) (183) (33) Net transfers 19 (2) 17 4 Ending balance $ 934 $ 873 $ 934 $ 873 Unrealized gains (losses) $ 19 $ (136) $ 17 $ (267) Investment securities—AFS Beginning balance $ — $ 38 $ 35 $ — Realized and unrealized gains (losses) (5) (2) (4) (2) Net transfers 40 — 4 38 Ending balance $ 35 $ 36 $ 35 $ 36 Unrealized gains (losses) $ (5) $ (2) $ (4) $ (2) Net derivatives: Interest rate Beginning balance $ 49 $ (102) $ (151) $ 708 Realized and unrealized gains (losses) 49 (200) (318) (482) Purchases 26 — 57 — Issuances (7) — (63) — Settlements (110) 122 329 (38) Net transfers (256) 3 (103) (365) Ending balance $ (249) $ (177) $ (249) $ (177) Unrealized gains (losses) $ 7 $ (120) $ (94) $ (201) Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Net derivatives: Credit Beginning balance $ 96 $ 190 $ 110 $ 98 Realized and unrealized gains (losses) 9 3 (12) 91 Purchases — — — 3 Issuances — — — (1) Settlements (7) (78) (7) (59) Net transfers (8) 7 (1) (10) Ending balance $ 90 $ 122 $ 90 $ 122 Unrealized gains (losses) $ 8 $ 7 $ 4 $ 83 Net derivatives: Foreign exchange Beginning balance $ 28 $ (331) $ 66 $ 52 Realized and unrealized gains (losses) (13) 38 (53) (18) Settlements 16 73 (68) 47 Net transfers (160) 395 (74) 94 Ending balance $ (129) $ 175 $ (129) $ 175 Unrealized gains (losses) $ (16) $ 44 $ (51) $ 18 Net derivatives: Equity Beginning balance $ (775) $ (530) $ (736) $ (945) Realized and unrealized gains (losses) 195 1 192 275 Purchases 38 48 157 167 Issuances (166) (92) (492) (253) Settlements 252 68 229 379 Net transfers (326) 49 (132) (79) Ending balance $ (782) $ (456) $ (782) $ (456) Unrealized gains (losses) $ 160 $ (3) $ 93 $ 399 Net derivatives: Commodity and other Beginning balance $ 1,416 $ 1,344 $ 1,083 $ 1,529 Realized and unrealized gains (losses) (7) 238 549 546 Purchases 7 2 70 107 Issuances (9) (7) (80) (97) Settlements (92) 69 (313) (247) Net transfers (34) 155 (28) (37) Ending balance $ 1,281 $ 1,801 $ 1,281 $ 1,801 Unrealized gains (losses) $ (142) $ 72 $ 216 $ 25 Deposits Beginning balance $ 36 $ 19 $ 20 $ 67 Realized and unrealized losses (gains) (1) — (1) — Issuances 6 2 26 2 Settlements — (1) — (3) Net transfers (25) (13) (29) (59) Ending balance $ 16 $ 7 $ 16 $ 7 Unrealized losses (gains) $ (1) $ — $ (1) $ — Nonderivative trading liabilities Beginning balance $ 89 $ 104 $ 74 $ 61 Realized and unrealized losses (gains) (4) (8) (12) (41) Purchases (29) (20) (49) (39) Sales 23 16 77 88 Net transfers 15 (2) 4 21 Ending balance $ 94 $ 90 $ 94 $ 90 Unrealized losses (gains) $ (2) $ (8) $ (11) $ (41) Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Securities sold under agreements to repurchase Beginning balance $ 454 $ 514 $ 512 $ 651 Realized and unrealized losses (gains) 4 5 11 (3) Issuances — — 1 9 Settlements — (11) (9) (22) Net transfers — — (57) (127) Ending balance $ 458 $ 508 $ 458 $ 508 Unrealized losses (gains) $ 4 $ 5 $ 11 $ — Other secured financings Beginning balance $ 90 $ 112 $ 91 $ 403 Realized and unrealized losses (gains) (1) (5) 2 (11) Issuances 15 13 59 44 Settlements (6) (7) (54) (320) Net transfers — — — (3) Ending balance $ 98 $ 113 $ 98 $ 113 Unrealized losses (gains) $ (1) $ (5) $ 2 $ (11) Borrowings Beginning balance $ 1,787 $ 2,325 $ 1,587 $ 2,157 Realized and unrealized losses (gains) 18 (185) 83 (625) Issuances 342 65 626 230 Settlements (182) (65) (355) (263) Net transfers (437) (203) (413) 438 Ending balance $ 1,528 $ 1,937 $ 1,528 $ 1,937 Unrealized losses (gains) $ 18 $ (185) $ 48 $ (629) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA (4) (36) 10 (126) 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 September 30, 2023 At December 31, 2022 Assets at Fair Value on a Recurring Basis Other sovereign government obligations $ 94 $ 169 Comparable pricing: Bond price 61 to 111 points (86 points) 57 to 124 points (89 points) State and municipal securities $ 112 $ 145 Comparable pricing: Bond price 90 to 104 points (100 points) 86 to 100 points (97 points) MABS $ 536 $ 416 Comparable pricing: Bond price 0 to 90 points (65 points) 0 to 95 points (68 points) Loans and lending commitments $ 2,039 $ 2,017 Margin loan model: Margin loan rate 2% to 4% (3%) 2% to 4% (3%) Comparable pricing: Loan price 91 to 102 points (99 points) 87 to 105 points (99 points) Corporate and other debt $ 2,463 $ 2,096 Comparable pricing: Bond price 30 to 136 points (82 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 $ 195 $ 116 Comparable pricing: Equity price 100% 100% Investments $ 934 $ 923 Discounted cash flow: WACC 15% to 18% (16%) 15% to 17% (16%) Exit multiple 9 to 17 times (14 times) 7 to 17 times (14 times) Market approach: EBITDA multiple 21 times 7 to 21 times (11 times) Comparable pricing: Equity price 24% to 100% (87%) 24% to 100% (89%) Net derivative and other contracts: Interest rate $ (249) $ (151) Option model: IR volatility skew 62% to 118% (75% / 77%) 105% to 130% (113% / 109%) IR curve correlation 51% to 97% (82% / 86%) 47% to 100% (80% / 84%) Bond volatility 1% to 1% (1% / 1%) N/M Inflation volatility 22% to 70% (44% / 38%) 22% to 65% (43% / 38%) IR curve N/M 4% to 5% (5% / 5%) Credit $ 90 $ 110 Credit default swap model: Cash-synthetic basis 7 points 7 points Bond price 0 to 90 bps (48 points) 0 to 83 points (43 points) Credit spread 10 to 464 bps (108 bps) 10 to 528 bps (115 bps) Funding spread 18 to 590 bps (57 bps) 18 to 590 bps (93 bps) Balance / Range (Average 1 ) $ in millions, except inputs At September 30, 2023 At December 31, 2022 Foreign exchange 2 $ (129) $ 66 Option model: IR curve -3% to 10% (3% / 1%) -2% to 38% (8% / 4%) Foreign exchange volatility skew -2% to 8% (2% / 0%) 10% to 10% (10% / 10%) Contingency probability 95% to 95% (95% / 95%) 95% to 95% (95% / 95%) Equity 2 $ (782) $ (736) Option model: Equity volatility 6% to 97% (21%) 5% to 96% (25%) Equity volatility skew -2% to 0% (0%) -4% to 0% (-1%) Equity correlation 9% to 97% (58%) 10% to 93% (71%) FX correlation -79% to 40% (-27%) -79% to 65% (-26%) IR correlation 13% to 30% (15%) 10% to 30% (14%) Commodity and other $ 1,281 $ 1,083 Option model: Forward power price $0 to $208 ($49) per MwH $1 to $292 ($43) per MWh Commodity volatility 12% to 145% (33%) 12% to 169% (34%) Cross-commodity correlation 57% to 100% (94%) 70% to 100% (94%) Liabilities Measured at Fair Value on a Recurring Basis Securities sold under agreements to repurchase $ 458 $ 512 Discounted cash flow: Funding spread 22 to 141 bps (77 bps) 96 to 165 bps (131 bps) Other secured financings $ 98 $ 91 Comparable pricing: Loan price 23 to 100 points (81 points) 23 to 101 points (75 points) Borrowings $ 1,528 $ 1,587 Option model: Equity volatility 6% to 71% (18%) 7% to 86% (23%) Equity volatility skew -3% to 0% (0%) -2% to 0% (0%) Equity correlation 50% to 95% (77%) 39% to 98% (86%) Equity - FX correlation -52% to 35% (-29%) -50% to 0% (-21%) IR curve correlation 51% to 88% (71% / 71%) N/M IR volatility skew N/M 47% to 136% (74% / 59%) Discounted cash flow: Loss given default 54% to 84% (62% / 5%) 54% to 84% (62% / 54%) Nonrecurring Fair Value Measurement Loans $ 5,224 $ 6,610 Corporate loan model: Credit spread 120 to 1215 bps (794 bps) 91 to 1276 bps (776 bps) Comparable pricing: Loan price 15 to 98 points (70 points) 36 to 80 points (65 points) Warehouse model: Credit spread 120 to 298 bps (237 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 September 30, 2023 At December 31, 2022 $ in millions Carrying Commitment Carrying Commitment Private equity $ 2,587 $ 747 $ 2,622 $ 638 Real estate 2,804 244 2,642 239 Hedge 1 74 3 190 3 Total $ 5,465 $ 994 $ 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 September 30, 2023 $ in millions Private Equity Real Estate Less than 5 years $ 1,338 $ 979 5-10 years 1,172 1,771 Over 10 years 77 54 Total $ 2,587 $ 2,804 Nonrecurring Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis At September 30, 2023 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 3,711 $ 5,224 $ 8,935 Total $ 3,711 $ 5,224 $ 8,935 Liabilities Other liabilities and accrued expenses—Lending commitments $ 156 $ 78 $ 234 Total $ 156 $ 78 $ 234 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Assets Loans 2 $ (35) $ (118) $ (117) $ (365) Other assets—Other investments 3 5 (2) 4 (8) Other assets—Premises, equipment and software 4 (2) (1) (6) (3) Other assets—ROU assets 5 — (1) (10) (7) Total $ (32) $ (122) $ (129) $ (383) Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ 7 $ (13) $ 38 $ (172) Total $ 7 $ (13) $ 38 $ (172) 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 September 30, 2023 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 108,401 $ 108,401 $ — $ — $ 108,401 Investment securities—HTM 70,705 24,323 32,964 1,037 58,324 Securities purchased under agreements to resell 101,569 — 99,208 2,355 101,563 Securities borrowed 120,916 — 120,916 — 120,916 Customer and other receivables 71,146 — 66,917 3,899 70,816 Loans 1 216,972 — 27,399 180,698 208,097 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 339,140 $ — $ 338,677 $ — $ 338,677 Securities sold under agreements to repurchase 75,659 — 75,638 — 75,638 Securities loaned 13,064 — 13,059 — 13,059 Other secured financings 2,656 — 2,656 — 2,656 Customer and other payables 200,415 — 200,415 — 200,415 Borrowings 160,637 — 160,139 4 160,143 Commitment Lending commitments 2 $ 147,201 $ — $ 1,509 $ 749 $ 2,258 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	9 Months Ended
	Sep. 30, 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 $ 43,951 $ 38,945 Interest rates 27,180 26,077 Commodities 11,952 10,717 Credit 2,093 1,564 Foreign exchange 1,380 1,417 Total $ 86,556 $ 78,720 Net Revenues from Borrowings under the Fair Value Option Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Trading revenues $ 3,479 $ 4,034 $ (1,412) $ 16,361 Interest expense 124 67 351 203 Net revenues 1 $ 3,355 $ 3,967 $ (1,763) $ 16,158 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 September 30, 2023 2022 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ (8) $ — $ (68) $ — Lending commitments — — (2) — Deposits — 4 — (9) Borrowings (6) (547) — 1,091 Nine Months Ended September 30, 2023 2022 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ (112) $ — $ (59) $ — Lending commitments 11 — (3) — Deposits — 21 — 5 Borrowings (15) (1,289) 1 3,468 $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (1,725) $ (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 $ 10,707 $ 11,916 Nonaccrual loans 2 8,162 9,128 Borrowings 3 5,564 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 $ 410 $ 585 Nonaccrual loans 90 or more days past due 49 116

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 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 September 30, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 43 $ — $ — $ 43 Foreign exchange 243 65 — 308 Total 286 65 — 351 Not designated as accounting hedges Economic hedges of loans Credit 2 47 — 49 Other derivatives Interest rate 146,995 57,701 911 205,607 Credit 6,409 3,461 — 9,870 Foreign exchange 92,515 2,419 36 94,970 Equity 17,550 — 31,421 48,971 Commodity and other 14,536 — 2,783 17,319 Total 278,007 63,628 35,151 376,786 Total gross derivatives $ 278,293 $ 63,693 $ 35,151 $ 377,137 Amounts offset Counterparty netting (194,644) (61,670) (33,407) (289,721) Cash collateral netting (40,734) (1,291) — (42,025) Total in Trading assets $ 42,915 $ 732 $ 1,744 $ 45,391 Amounts not offset 1 Financial instruments collateral (23,943) — — (23,943) Net amounts $ 18,972 $ 732 $ 1,744 $ 21,448 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 3,487 Liabilities at September 30, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 564 $ 1 $ — $ 565 Foreign exchange 16 7 — 23 Total 580 8 — 588 Not designated as accounting hedges Economic hedges of loans Credit 24 581 — 605 Other derivatives Interest rate 137,420 60,141 939 198,500 Credit 6,187 3,301 — 9,488 Foreign exchange 84,080 2,725 218 87,023 Equity 26,669 — 32,182 58,851 Commodity and other 12,418 — 3,398 15,816 Total 266,798 66,748 36,737 370,283 Total gross derivatives $ 267,378 $ 66,756 $ 36,737 $ 370,871 Amounts offset Counterparty netting (194,644) (61,670) (33,407) (289,721) Cash collateral netting (43,675) (4,864) — (48,539) Total in Trading liabilities $ 29,059 $ 222 $ 3,330 $ 32,611 Amounts not offset 1 Financial instruments collateral (4,049) — (562) (4,611) Net amounts $ 25,010 $ 222 $ 2,768 $ 28,000 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable 4,581 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 September 30, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 67 $ — $ 67 Foreign exchange 12 3 — 15 Total 12 70 — 82 Not designated as accounting hedges Economic hedges of loans Credit — 1 — 1 Other derivatives Interest rate 3,943 8,316 563 12,822 Credit 209 167 — 376 Foreign exchange 3,413 194 7 3,614 Equity 559 — 437 996 Commodity and other 138 — 72 210 Total 8,262 8,678 1,079 18,019 Total gross derivatives $ 8,274 $ 8,748 $ 1,079 $ 18,101 Liabilities at September 30, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 195 $ — $ 197 Foreign exchange 2 1 — 3 Total 4 196 — 200 Not designated as accounting hedges Economic hedges of loans Credit 1 20 — 21 Other derivatives Interest rate 4,123 8,125 466 12,714 Credit 221 161 — 382 Foreign exchange 3,387 167 28 3,582 Equity 596 — 621 1,217 Commodity and other 106 — 83 189 Total 8,434 8,473 1,198 18,105 Total gross derivatives $ 8,438 $ 8,669 $ 1,198 $ 18,305 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 Nine Months Ended September 30, September 30, $ in millions 2023 2022 2023 2022 Fair value hedges—Recognized in Interest income Interest rate contracts $ 259 $ 846 $ 457 $ 2,037 Investment Securities—AFS (239) (836) (423) (1,960) Fair value hedges—Recognized in Interest expense Interest rate contracts $ (2,742) $ (5,379) $ (2,806) $ (15,629) Deposits (15) 25 (31) 143 Borrowings 2,781 5,372 2,856 15,499 Net investment hedges—Foreign exchange contracts Recognized in OCI $ 375 $ 662 $ 381 $ 1,436 Forward points excluded from hedge effectiveness testing—Recognized in Interest income 60 18 166 (59) Cash flow hedges—Interest rate contracts 1 Recognized in OCI $ (12) $ — $ (30) $ — Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income (6) — (9) — Net change in cash flow hedges included within AOCI (6) — (21) — 1. For the current quarter ended September 30, 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 September 30, 2023, is approximately $(25) 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 $ 33,348 $ 34,073 Basis adjustments included in amortized cost 1 $ (1,800) $ (1,628) Deposits Carrying amount currently or previously hedged $ 10,278 $ 3,735 Basis adjustments included in carrying amount 1 $ (88) $ (119) Borrowings Carrying amount currently or previously hedged $ 147,076 $ 146,025 Basis adjustments included in carrying amount — Outstanding hedges $ (15,567) $ (12,748) Basis adjustments included in carrying amount — Terminated hedges $ (677) $ (715) 1. Hedge accounting basis adjustments are primarily related to outstanding hedges. Gains (Losses) on Economic Hedges of Loans Three Months Ended Nine Months Ended September 30, September 30, $ in millions 2023 2022 2023 2022 Recognized in Other revenues Credit contracts 1 $ (104) $ (44) $ (330) $ 160 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 $ 19,204 $ 20,287 Collateral posted 13,338 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 $ 562 Two-notch downgrade 375 Bilateral downgrade agreements included in the amounts above 1 $ 811 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 September 30, 2023 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 16 $ 30 $ 39 $ 14 $ 99 Non-investment grade 7 13 20 6 46 Total $ 23 $ 43 $ 59 $ 20 $ 145 Index and basket CDS Investment grade $ 3 $ 18 $ 51 $ 21 $ 93 Non-investment grade 8 11 85 35 139 Total $ 11 $ 29 $ 136 $ 56 $ 232 Total CDS sold $ 34 $ 72 $ 195 $ 76 $ 377 Other credit contracts — — — 3 3 Total credit protection sold $ 34 $ 72 $ 195 $ 79 $ 380 CDS protection sold with identical protection purchased $ 312 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 $ 1,472 $ 762 Non-investment grade (228) (808) Total $ 1,244 $ (46) Index and basket CDS Investment grade $ 1,295 $ 859 Non-investment grade (1,855) (1,812) Total $ (560) $ (953) Total CDS sold $ 684 $ (999) Other credit contracts 178 (1) Total credit protection sold $ 862 $ (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 $ 172 $ 140 Index and basket 197 173 Tranched index and basket 32 26 Total $ 401 $ 339 Fair Value Asset (Liability) $ in millions At At Single name $ (1,553) $ (33) Index and basket 1,023 1,248 Tranched index and basket (481) (217) Total $ (1,011) $ 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 information on credit derivatives and other credit contracts, see Note 7 to the financial statements in the 2022 Form 10-K.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities AFS and HTM Securities At September 30, 2023 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 47,939 $ 27 $ 1,394 $ 46,572 U.S. agency securities 2 26,221 — 3,436 22,785 Agency CMBS 5,741 — 504 5,237 State and municipal securities 817 32 20 829 FFELP student loan ABS 3 855 — 17 838 Other ABS — — — — Total AFS securities 81,573 59 5,371 76,261 HTM securities U.S. Treasury securities 26,208 — 1,885 24,323 U.S. agency securities 2 41,612 — 10,136 31,476 Agency CMBS 1,656 — 168 1,488 Non-agency CMBS 1,229 — 192 1,037 Total HTM securities 70,705 — 12,381 58,324 Total investment securities $ 152,278 $ 59 $ 17,752 $ 134,585 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 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 $ 6,932 $ 214 $ 42,144 $ 1,711 12 months or longer 31,798 1,180 11,454 543 Total 38,730 1,394 53,598 2,254 U.S. agency securities Less than 12 months 4,716 91 13,662 1,271 12 months or longer 17,968 3,345 7,060 1,482 Total 22,684 3,436 20,722 2,753 Agency CMBS Less than 12 months 2,111 201 5,343 448 12 months or longer 3,053 303 185 22 Total 5,164 504 5,528 470 State and municipal securities Less than 12 months 288 1 2,106 40 12 months or longer 253 19 65 2 Total 541 20 2,171 42 FFELP student loan ABS Less than 12 months 68 1 627 23 12 months or longer 693 16 476 22 Total 761 17 1,103 45 Total AFS securities in an unrealized loss position Less than 12 months 14,115 508 63,882 3,493 12 months or longer 53,765 4,863 19,240 2,071 Total $ 67,880 $ 5,371 $ 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 September 30, 2023 and December 31, 2022, the securities in an unrealized loss position are predominantly investment grade. The HTM securities net carrying amounts at September 30, 2023 and December 31, 2022 reflect an ACL of $45 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 September 30, 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 September 30, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2,3 AFS securities U.S. Treasury securities: Due within 1 year $ 15,009 $ 14,680 1.1 % After 1 year through 5 years 32,224 31,187 1.8 % After 5 years through 10 years 706 705 3.9 % Total 47,939 46,572 U.S. agency securities: Due within 1 year 24 23 (0.6) % After 1 year through 5 years 431 397 1.6 % After 5 years through 10 years 572 510 1.8 % After 10 years 25,194 21,855 3.6 % Total 26,221 22,785 Agency CMBS: Due within 1 year 1 1 (2.2) % After 1 year through 5 years 2,068 1,973 1.8 % After 5 years through 10 years 2,459 2,309 2.1 % After 10 years 1,213 954 1.4 % Total 5,741 5,237 State and municipal securities: Due within 1 year 24 24 5.2 % After 1 year through 5 years 172 172 4.8 % After 5 years through 10 years 17 20 4.7 % After 10 Years 604 613 4.3 % Total 817 829 FFELP student loan ABS: After 1 year through 5 years 101 98 5.8 % After 5 years through 10 years 104 100 6.0 % After 10 years 650 640 6.3 % Total 855 838 Total AFS securities 81,573 76,261 2.3 % At September 30, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2 HTM securities U.S. Treasury securities: Due within 1 year 8,102 7,982 1.9 % After 1 year through 5 years 12,683 11,863 1.8 % After 5 years through 10 years 3,864 3,445 2.4 % After 10 years 1,559 1,033 2.3 % Total 26,208 24,323 U.S. agency securities: After 1 year through 5 years 7 6 1.8 % After 5 years through 10 years 311 276 2.1 % After 10 years 41,294 31,194 1.8 % Total 41,612 31,476 Agency CMBS: Due within 1 year 482 469 1.4 % After 1 year through 5 years 928 828 1.2 % After 5 years through 10 years 118 95 1.4 % After 10 years 128 96 1.6 % Total 1,656 1,488 Non-agency CMBS: Due within 1 year 195 177 4.2 % After 1 year through 5 years 353 315 4.4 % After 5 years through 10 years 630 500 3.7 % After 10 years 51 45 4.6 % Total 1,229 1,037 Total HTM securities 70,705 58,324 1.9 % Total investment securities 152,278 134,585 2.1 % 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 September 30, 2023, the annualized average yield, including the interest rate swap accrual of related hedges, was 1.2% for AFS securities contractually maturing within 1 year and 3.3% for all AFS securities. Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Gross realized gains $ 15 $ 13 $ 66 $ 163 Gross realized (losses) (1) (4) (21) (92) Total 1 $ 14 $ 9 $ 45 $ 71 1. Realized gains and losses are recognized in Other revenues in the income statement.

Collateralized Transactions

Collateralized Transactions	9 Months Ended
	Sep. 30, 2023
Collateralized Agreements [Abstract]
Collateralized Transactions	Collateralized Transactions Offsetting of Certain Collateralized Transactions At September 30, 2023 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 244,528 $ (142,959) $ 101,569 $ (98,203) $ 3,366 Securities borrowed 133,184 (12,268) 120,916 (116,818) 4,098 Liabilities Securities sold under agreements to repurchase $ 219,620 $ (142,959) $ 76,661 $ (70,871) $ 5,790 Securities loaned 25,332 (12,268) 13,064 (13,049) 15 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 2,160 Securities borrowed 380 Securities sold under agreements to repurchase 4,311 Securities loaned 4 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 Notes 2 and 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 September 30, 2023 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 93,944 $ 68,289 $ 23,622 $ 33,765 $ 219,620 Securities loaned 13,266 — 900 11,166 25,332 Total included in the offsetting disclosure $ 107,210 $ 68,289 $ 24,522 $ 44,931 $ 244,952 Trading liabilities— 16,548 — — — 16,548 Total $ 123,758 $ 68,289 $ 24,522 $ 44,931 $ 261,500 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 $ 83,594 $ 57,761 Other sovereign government obligations 102,679 98,839 Corporate equities 17,976 19,340 Other 15,371 13,042 Total $ 219,620 $ 188,982 Securities loaned Other sovereign government obligations $ 714 $ 862 Corporate equities 23,939 26,289 Other 679 494 Total $ 25,332 $ 27,645 Total included in the offsetting disclosure $ 244,952 $ 216,627 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 16,523 $ 22,833 Other 25 47 Total $ 16,548 $ 22,880 Total $ 261,500 $ 239,507 Carrying Value of Assets Loaned or Pledged $ in millions At At Trading assets $ 38,682 $ 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 $ 656,290 $ 637,941 Collateral that was sold or repledged 1 499,905 486,820 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 $ 21,936 $ 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 $ 42,699 $ 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	9 Months Ended
	Sep. 30, 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 September 30, 2023 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 7,181 $ 11,086 $ 18,267 Secured lending facilities 39,119 2,861 41,980 Commercial real estate 8,389 259 8,648 Residential real estate 59,002 23 59,025 Securities-based lending and Other loans 90,208 1 90,209 Total loans 203,899 14,230 218,129 ACL (1,157) (1,157) Total loans, net $ 202,742 $ 14,230 $ 216,972 Loans to non-U.S. borrowers, net $ 26,246 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 September 30, 2023 At December 31, 2022 $ in millions Fixed Rate Floating or Adjustable Rate Fixed Rate Floating or Adjustable Rate Corporate $ — $ 18,267 $ — $ 17,223 Secured lending facilities — 41,980 — 38,782 Commercial real estate 198 8,450 204 9,237 Residential real estate 28,282 30,743 24,903 29,561 Securities-based lending and Other loans 22,525 67,684 24,077 70,637 Total loans, before ACL $ 51,005 $ 167,124 $ 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 September 30, 2023 At December 31, 2022 Corporate $ in millions IG NIG Total IG NIG Total Revolving $ 2,349 $ 4,189 $ 6,538 $ 2,554 $ 3,456 $ 6,010 2023 134 20 154 2022 — 166 166 6 107 113 2021 15 101 116 — 139 139 2020 33 25 58 — 58 58 2019 — 149 149 — 154 154 Prior — — — 115 — 115 Total $ 2,531 $ 4,650 $ 7,181 $ 2,675 $ 3,914 $ 6,589 At September 30, 2023 At December 31, 2022 Secured Lending Facilities $ in millions IG NIG Total IG NIG Total Revolving $ 11,329 $ 19,873 $ 31,202 $ 9,445 $ 21,243 $ 30,688 2023 2,324 750 3,074 2022 667 2,150 2,817 1,135 1,336 2,471 2021 254 151 405 254 208 462 2020 — 85 85 — 98 98 2019 60 345 405 60 486 546 Prior 302 829 1,131 215 1,126 1,341 Total $ 14,936 $ 24,183 $ 39,119 $ 11,109 $ 24,497 $ 35,606 At September 30, 2023 At December 31, 2022 Commercial Real Estate $ in millions IG NIG Total IG NIG Total Revolving $ — $ 168 $ 168 $ — $ 204 $ 204 2023 10 805 815 2022 382 1,791 2,173 379 2,201 2,580 2021 286 1,574 1,860 239 1,609 1,848 2020 — 739 739 — 728 728 2019 325 1,242 1,567 659 1,152 1,811 Prior 85 982 1,067 211 1,133 1,344 Total $ 1,088 $ 7,301 $ 8,389 $ 1,488 $ 7,027 $ 8,515 At September 30, 2023 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 98 $ 32 $ 8 $ 137 $ 1 $ 138 2023 5,735 1,180 178 6,304 789 7,093 2022 11,039 2,445 390 12,771 1,103 13,874 2021 11,210 2,392 245 12,911 936 13,847 2020 7,006 1,443 105 8,118 436 8,554 2019 4,012 901 132 4,739 306 5,045 Prior 7,845 2,292 314 9,632 819 10,451 Total $ 46,945 $ 10,685 $ 1,372 $ 54,612 $ 4,390 $ 59,002 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 September 30, 2023 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 71,389 $ 6,096 $ 1,220 $ 78,705 2023 1,369 543 238 2,150 2022 1,474 820 792 3,086 2021 375 417 341 1,133 2020 — 464 425 889 2019 14 903 522 1,439 Prior 202 1,466 1,138 2,806 Total $ 74,823 $ 10,709 $ 4,676 $ 90,208 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 September 30, 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, which typically consist of bespoke lending arrangements provided to ultra-high worth net clients. These facilities are generally secured by eligible collateral. Past Due Loans Held for Investment before Allowance 1 $ in millions At September 30, 2023 At December 31, 2022 Corporate $ 42 $ 112 Secured lending facilities — 85 Commercial real estate 21 — Residential real estate 153 158 Securities-based lending and Other loans — 1 Total $ 216 $ 356 1. As of September 30, 2023, the majority of the amounts are past due for a period of less than 90 days. As of December 31, 2022, the majority of the amounts are 90 days or more past due. Nonaccrual Loans Held for Investment before Allowance 1 $ in millions At September 30, 2023 At December 31, 2022 Corporate $ 115 $ 71 Secured lending facilities 92 94 Commercial real estate 153 209 Residential real estate 101 118 Securities-based lending and Other loans 120 10 Total $ 581 $ 502 Nonaccrual loans without an ACL $ 133 $ 117 1. There were no loans held for investment that were 90 days or more past due and still accruing as of September 30, 2023 and December 31, 2022. For further information on the Firm’s nonaccrual policy, see Note 2 to the financial statements in the 2022 Form 10-K . 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 September 30, 2023, there were no loans held for investment modified in the current year period with subsequent default. Modified Loans Held for Investment Modified during the three months ended September 30, 2023 1 At September 30, 2023 $ in millions Amortized Cost % of Total Loans 2 Term Extension Corporate $ 82 1.1 % Commercial real estate 198 2.4 % Securities-based lending and Other loans 105 0.1 % Total $ 385 Modified during the nine months ended September 30, 2023 1 At September 30, 2023 $ in millions Amortized Cost % of Total Loans 2 Term Extension Corporate $ 114 1.6 % Commercial real estate 219 2.6 % Residential real estate 1 — % Securities-based lending and Other loans 129 0.1 % Total $ 463 Combination - Multiple Modifications 3 Commercial real estate $ 40 0.5 % 1. Lending commitments to borrowers for which the Firm has modified terms of the receivable are $424 million and $877 million during the current quarter and current year period, respectively as of September 30, 2023. 2. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. 3. Combination - Multiple Modifications includes loans with Term extension and Other-than-insignificant payment delay. Financial Impact on Modified Loans Held for Investment Modified during the three months ended September 30, 2023 1 At September 30, 2023 Term Extension 2 Corporate Added 1 year, 11 months to the life of the modified loan(s) Commercial real estate Added 3 months to the life of the modified loan(s) Securities-based lending and Other loans Added 4 months to the life of the modified loan(s) Modified during the nine months ended September 30, 2023 1 At September 30, 2023 Term Extension 2 Corporate Added 1 year, 9 months to the life of the modified loan(s) Commercial real estate Added 3 months to the life of the modified loan(s) Residential real estate Added 4 months to the life of the modified loan(s) Securities-based lending and Other loans Added 8 months to the life of the modified loan(s) Combination - Multiple Modification Commercial real estate Added 7 months of Term extension and 6 months of Other-than-insignificant payment delay to the life of the modified loan(s) 1. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. 2. In instances where more than one loan was modified, modification impact is presented on a weighted-average basis. Past Due Status for Loans Held for Investment Modified in the Last 12 months At September 30, 2023 $ in millions 30-89 Days Past Due 90+ days Total Commercial real estate $ 21 $ — $ 21 Residential real estate — 1 1 Total $ 21 $ 1 $ 22 Troubled Debt Restructurings $ in millions At December 31, 2022 Loans, before ACL $ 29 Lending commitments — 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 September 30, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ — $ — $ — $ — $ — $ — 2020 — — — — (1) (1) 2019 — — (39) — — (39) Total $ — $ — $ (39) $ — $ (1) $ (40) Nine Months Ended September 30, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ (30) $ — $ — $ — $ — $ (30) 2020 — — — — (2) (2) 2019 — — (68) — (1) (69) Prior — — (40) — — (40) Total $ (30) $ — $ (108) $ — $ (3) $ (141) Provision for Credit Losses Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Loans $ 123 $ 6 $ 462 $ 137 Lending commitments 11 29 67 56 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 (30) — (108) — (3) (141) Recoveries — — — 1 — 1 Net (charge-offs) recoveries (30) — (108) 1 (3) (140) Provision (release) 44 2 261 22 133 462 Other (1) (1) (2) — — (4) September 30, 2023 $ 248 $ 154 $ 426 $ 110 $ 219 $ 1,157 Percent of loans to total loans 1 4 % 19 % 4 % 29 % 44 % 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) — (21) (31) Recoveries 6 — — 1 — 7 Net recoveries (charge-offs) 6 (3) (7) 1 (21) (24) Provision (release) 46 (2) 35 26 32 137 Other (6) (2) (10) — — (18) September 30, 2022 $ 211 $ 156 $ 224 $ 87 $ 71 $ 749 Percent of loans to total loans 1 3 % 17 % 4 % 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) 29 24 12 — 2 67 Other (1) — (1) — — (2) September 30, 2023 $ 439 $ 75 $ 26 $ 4 $ 25 $ 569 $ 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) 64 7 (6) 1 (10) 56 Other (12) (1) — — — (13) September 30, 2022 $ 408 $ 47 $ 14 $ 2 $ 16 $ 487 The allowance for credit losses for loans and lending commitments increased for the nine months ended September 30, 2023, primarily due to deteriorating conditions in the commercial real estate sector, including provisions for certain specific loans, mainly in the office portfolio, and modest growth in certain other loan portfolios. Charge-offs for the nine months ended September 30, 2023 were primarily related to commercial real estate and corporate loans. The base scenario used in our ACL models as of September 30, 2023 was generated using a combination of consensus economic forecasts, forward rates, and internally developed and validated models, and assumes weak economic growth in 2023 and 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 0.6 % 0.4 % Nonaccrual HFI loans to total HFI loans 0.3 % 0.3 % ACL for loans to nonaccrual HFI loans 199.1 % 167.1 % Employee Loans $ in millions At At Currently employed by the Firm 1 $ 4,262 $ 4,023 No longer employed by the Firm 2 98 97 Employee loans $ 4,360 $ 4,120 ACL (130) (139) Employee loans, net of ACL $ 4,230 $ 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

Other Assets - Equity Method In

Other Assets - Equity Method Investments	9 Months Ended
	Sep. 30, 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 $ 1,775 $ 1,927 Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Income (loss) $ 19 $ 21 $ 105 $ 44 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Income (loss) from investment in MUMSS $ 10 $ 17 $ 102 $ 35 For more information on MUMSS and other relationships with MUFG, see Note 12 to the financial statements in the 2022 Form 10-K.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2023
Deposits [Abstract]
Deposits	Deposits Deposits $ in millions At At Savings and demand deposits $ 280,008 $ 319,948 Time deposits 65,450 36,698 Total $ 345,458 $ 356,646 Deposits subject to FDIC insurance $ 272,015 $ 260,420 Deposits not subject to FDIC insurance $ 73,443 $ 96,226 Time Deposit Maturities $ in millions At 2023 $ 13,058 2024 29,378 2025 11,302 2026 4,716 2027 3,372 Thereafter 3,624 Total $ 65,450

Borrowings and Other Secured Fi

Borrowings and Other Secured Financings	9 Months Ended
	Sep. 30, 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 $ 4,350 $ 4,191 Original maturities greater than one year Senior $ 231,047 $ 221,667 Subordinated 11,796 12,200 Total greater than one year $ 242,843 $ 233,867 Total $ 247,193 $ 238,058 Weighted average stated maturity, in years 1 6.5 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 $ 2,391 $ 944 Greater than one year 7,277 7,214 Total $ 9,668 $ 8,158 Transfers of assets accounted for as secured financings $ 3,092 $ 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. For transfers of assets that fail to meet accounting criteria for a sale, the Firm continues to record the assets and recognizes the associated liabilities in the balance sheet.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingencies	Commitments, Guarantees and Contingencies Commitments Years to Maturity at September 30, 2023 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 16,247 $ 36,269 $ 53,156 $ 2,356 $ 108,028 Secured lending facilities 7,773 5,032 3,662 2,140 18,607 Commercial and Residential real estate 309 112 14 352 787 Securities-based lending and Other 16,229 3,360 395 394 20,378 Forward-starting secured financing receivables 1 73,474 — — — 73,474 Central counterparty 300 — — 14,966 15,266 Underwriting 645 — — — 645 Investment activities 1,777 314 110 284 2,485 Letters of credit and other financial guarantees 145 — — 6 151 Total $ 116,899 $ 45,087 $ 57,337 $ 20,498 $ 239,821 Lending commitments participated to third parties $ 7,408 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 September 30, 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 $ 1,303,613 $ 1,337,393 $ 295,171 $ 713,579 $ (67,659) Standby letters of credit and other financial guarantees issued 2 1,545 1,054 1,100 2,801 (15) Market value guarantees 1 — — — — Liquidity facilities 2,035 — — — (9) Whole loan sales guarantees — 69 17 23,076 — Securitization representations and warranties 3 — — — 80,081 (3) General partner guarantees 381 32 130 33 (87) Client clearing guarantees 77 — — — — 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 $0.8 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of September 30, 2023, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $76 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, in some cases, 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. 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. 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Legal expenses $ 18 $ 41 $ 214 $ 387 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. For certain other legal proceedings and investigations, the Firm can, in some instances, estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued (if any) 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 condition, 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 $131 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, though the Firm believes a loss is probable, the Firm cannot reasonably estimate such losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued (if any), 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 condition, other than the matter referred to in the following paragraph. Block Trading Matter The Firm has been responding to requests for information from the Enforcement Division of the SEC and the United States Attorney’s Office for the Southern District of New York in connection with their investigations into various aspects of the Firm's blocks business, certain related sales and trading practices, and applicable controls (the “Investigations”). The Investigations are focused on whether the Firm and/or its employees shared and/or used information regarding impending block transactions in violation of federal securities laws and regulations. The Firm continues to cooperate with, and has continued to engage in ongoing discussions regarding potential resolution of, the Investigations. There can be no assurance that these discussions and continuing engagement will lead to resolution of either matter. The Firm also faces potential civil liability arising from claims that have been or may be asserted by, among others, block transaction participants who contend they were harmed or disadvantaged including, among other things, as a result of a share price decline allegedly caused by the activities of the Firm and/or its employees, or as a result of the Firm’s and/or its employees’ failure to adhere to applicable laws and regulations. In addition, the Firm has responded to demands from shareholders under Section 220 of the Delaware General Corporation Law for books and records concerning the Investigations. 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 condition. 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 Southern District of New York 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. On May 20, 2023, the Firm reached an agreement in principle to

Variable Interest Entities and

Variable Interest Entities and Securitization Activities	9 Months Ended
	Sep. 30, 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 September 30, 2023 At December 31, 2022 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities MABS 1 $ 526 $ 156 $ 1,153 $ 520 Investment vehicles 2 856 508 638 272 MTOB 406 402 371 322 Other 508 202 519 199 Total $ 2,296 $ 1,268 $ 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 $ 220 $ 142 Trading assets at fair value 1,542 2,066 Investment securities 319 255 Securities purchased under agreements to resell 200 200 Customer and other receivables 13 16 Other assets 2 2 Total $ 2,296 $ 2,681 Liabilities Other secured financings $ 1,133 $ 1,185 Other liabilities and accrued expenses 131 124 Borrowings 4 4 Total $ 1,268 $ 1,313 Noncontrolling interests $ 77 $ 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 September 30, 2023 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 139,804 $ 2,216 $ 2,931 $ 2,751 $ 47,136 Maximum exposure to loss 3 Debt and equity interests $ 20,141 $ 81 $ — $ 1,857 $ 8,692 Derivative and other contracts — — 2,035 — 4,471 Commitments, guarantees and other 2,519 — — — 74 Total $ 22,660 $ 81 $ 2,035 $ 1,857 $ 13,237 Carrying value of variable interests—Assets Debt and equity interests $ 20,141 $ 81 $ — $ 1,640 $ 8,692 Derivative and other contracts — — 2 — 1,641 Total $ 20,141 $ 81 $ 2 $ 1,640 $ 10,333 Additional VIE assets owned 4 $ 15,204 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 11 $ — $ 371 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 September 30, 2023 At December 31, 2022 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 15,852 $ 3,231 $ 20,428 $ 2,570 Commercial mortgages 75,060 8,112 67,540 4,236 U.S. agency collateralized mortgage obligations 40,147 6,296 32,567 4,729 Other consumer or commercial loans 8,745 2,502 3,066 1,569 Total $ 139,804 $ 20,141 $ 123,601 $ 13,104 Transferred Assets with Continuing Involvement At September 30, 2023 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 3,868 $ 73,138 $ 10,274 $ 11,388 Retained interests Investment grade $ 148 $ 658 $ 360 $ — Non-investment grade 64 769 — 47 Total $ 212 $ 1,427 $ 360 $ 47 Interests purchased in the secondary market 3 Investment grade $ 12 $ 24 $ 11 $ — Non-investment grade — 16 — — Total $ 12 $ 40 $ 11 $ — Derivative assets $ — $ — $ — $ 1,088 Derivative liabilities — — — 347 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 September 30, 2023 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 475 $ — $ 475 Non-investment grade 5 59 64 Total $ 480 $ 59 $ 539 Interests purchased in the secondary market 3 Investment grade $ 46 $ 1 $ 47 Non-investment grade 12 4 16 Total $ 58 $ 5 $ 63 Derivative assets $ 1,088 $ — $ 1,088 Derivative liabilities 347 — 347 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 Nine Months Ended $ in millions 2023 2022 2023 2022 New transactions 1 $ 9,132 $ 5,332 $ 15,257 $ 19,809 Retained interests 115 500 2,767 3,553 Sales of corporate loans to CLO SPEs 1, 2 — 37 — 53 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 $ 49,472 $ 49,059 Fair value Assets sold $ 49,642 $ 47,281 Derivative assets recognized in the balance sheet 529 116 Derivative liabilities recognized in the balance sheet 359 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	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 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 operational 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 September 30, 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 September 30, At December 31, 2022 Risk-based capital Common Equity Tier 1 capital $ 69,148 $ 68,670 Tier 1 capital 77,891 77,191 Total capital 88,573 86,575 Total RWA 443,816 447,849 Common Equity Tier 1 capital ratio 13.3 % 15.6 % 15.3 % Tier 1 capital ratio 14.8 % 17.6 % 17.2 % Total capital ratio 16.8 % 20.0 % 19.3 % $ in millions Required Ratio 1 At September 30, At December 31, 2022 Leverage-based capital Adjusted average assets 2 $ 1,152,379 $ 1,150,772 Tier 1 leverage ratio 4.0 % 6.8 % 6.7 % Supplementary leverage exposure 3 $ 1,416,310 $ 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 September 30, 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 September 30, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 21,250 20.9 % $ 20,043 20.5 % Tier 1 capital 8.0 % 8.5 % 21,250 20.9 % 20,043 20.5 % Total capital 10.0 % 10.5 % 22,129 21.7 % 20,694 21.1 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 21,250 10.2 % $ 20,043 10.1 % SLR 6.0 % 3.0 % 21,250 7.9 % 20,043 8.1 % MSPBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At September 30, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 16,012 26.9 % $ 15,546 27.5 % Tier 1 capital 8.0 % 8.5 % 16,012 26.9 % 15,546 27.5 % Total capital 10.0 % 10.5 % 16,315 27.4 % 15,695 27.8 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 16,012 8.0 % $ 15,546 7.6 % SLR 6.0 % 3.0 % 16,012 7.7 % 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 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 September 30, At December 31, Net capital $ 18,947 $ 17,224 Excess net capital 14,683 12,861 MS&Co. is registered as a broker-dealer and a futures commission merchant with the SEC and the CFTC, respectively, and is 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 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 September 30, 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 September 30, 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	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, $ in millions 2023 2022 2023 2022 Repurchases of common stock under the Firm’s Share Repurchase Authorization $ 1,500 $ 2,555 $ 4,000 $ 8,165 On June 30, 2023, the Firm announced that its Board of Directors reauthorized a multi-year repurchase program of up to $20 billion of outstanding common stock, without a set expiration date, beginning in the third quarter of 2023, 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 Nine Months Ended in millions 2023 2022 2023 2022 Weighted average common shares outstanding, basic 1,624 1,674 1,635 1,704 Effect of dilutive RSUs and PSUs 19 23 18 21 Weighted average common shares outstanding and common stock equivalents, diluted 1,643 1,697 1,653 1,725 Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) — 1 3 5 Dividends $ in millions, except per Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 396 $ 17 $ 261 $ 11 C 25 13 25 13 E 445 15 445 15 F 430 15 430 15 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 3 2,226 7 2,650 8 O 266 14 266 14 P 406 16 330 13 Total Preferred stock $ 146 $ 138 Common stock $ 0.850 $ 1,404 $ 0.775 $ 1,329 $ in millions, except per Nine Months Ended Nine Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 1,116 $ 49 $ 756 $ 33 C 75 39 75 39 E 1,336 46 1,336 45 F 1,289 44 1,289 44 I 1,195 48 1,195 48 K 1,097 44 1,097 45 L 914 18 914 18 M 2 59 24 59 24 N 3 6,928 21 5,300 16 O 797 41 797 41 P 1,219 49 330 13 Total Preferred stock $ 423 $ 366 Common stock $ 2.40 $ 4,001 $ 2.175 $ 3,802 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. Accumulated Other Comprehensive Income (Loss) 1 $ in millions CTA AFS Securities Pension and Other DVA Cash Flow Hedges Total June 30, 2023 $ (1,199) $ (3,701) $ (510) $ (873) $ (17) $ (6,300) OCI during the period (120) (366) (1) (412) (3) (902) September 30, 2023 $ (1,319) $ (4,067) $ (511) $ (1,285) $ (20) $ (7,202) June 30, 2022 $ (1,226) $ (3,226) $ (543) $ (26) $ — $ (5,021) OCI during the period (207) (1,307) 5 772 — (737) September 30, 2022 $ (1,433) $ (4,533) $ (538) $ 746 $ — $ (5,758) December 31, 2022 $ (1,204) $ (4,192) $ (508) $ (345) $ (4) $ (6,253) OCI during the period (115) 125 (3) (940) (16) (949) September 30, 2023 $ (1,319) $ (4,067) $ (511) $ (1,285) $ (20) $ (7,202) December 31, 2021 $ (1,002) $ 245 $ (551) $ (1,794) $ — $ (3,102) OCI during the period (431) (4,778) 13 2,540 — (2,656) September 30, 2022 $ (1,433) $ (4,533) $ (538) $ 746 $ — $ (5,758) 1. Amounts are net of tax and noncontrolling interests. Components of Period Changes in OCI Three Months Ended September 30, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (38) $ (111) $ (149) $ (29) $ (120) Reclassified to earnings — — — — — Net OCI $ (38) $ (111) $ (149) $ (29) $ (120) Change in net unrealized gains (losses) on AFS securities OCI activity $ (464) $ 108 $ (356) $ — $ (356) Reclassified to earnings (14) 4 (10) — (10) Net OCI $ (478) $ 112 $ (366) $ — $ (366) Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings (1) — (1) — (1) Net OCI $ (1) $ — $ (1) $ — $ (1) Change in net DVA OCI activity $ (549) $ 130 $ (419) $ (2) $ (417) Reclassified to earnings 6 (1) 5 — 5 Net OCI $ (543) $ 129 $ (414) $ (2) $ (412) Change in fair value of cash flow hedge derivatives OCI activity $ (12) $ 3 $ (9) $ — $ (9) Reclassified to earnings 6 — 6 — 6 Net OCI $ (6) $ 3 $ (3) $ — $ (3) Three Months Ended September 30, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (85) $ (183) $ (268) $ (61) $ (207) Reclassified to earnings — — — — — Net OCI $ (85) $ (183) $ (268) $ (61) $ (207) Change in net unrealized gains (losses) on AFS securities OCI activity $ (1,698) $ 398 $ (1,300) $ — $ (1,300) Reclassified to earnings (9) 2 (7) — (7) Net OCI $ (1,707) $ 400 $ (1,307) $ — $ (1,307) Pension and other OCI activity $ 1 $ — $ 1 $ — $ 1 Reclassified to earnings 6 (2) 4 — 4 Net OCI $ 7 $ (2) $ 5 $ — $ 5 Change in net DVA OCI activity $ 1,082 $ (266) $ 816 $ 44 $ 772 Reclassified to earnings — — — — — Net OCI $ 1,082 $ (266) $ 816 $ 44 $ 772 Nine Months Ended September 30, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (136) $ (104) $ (240) $ (125) $ (115) Reclassified to earnings — — — — — Net OCI $ (136) $ (104) $ (240) $ (125) $ (115) Change in net unrealized gains (losses) on AFS securities OCI activity $ 208 $ (49) $ 159 $ — $ 159 Reclassified to earnings (45) 11 (34) — (34) Net OCI $ 163 $ (38) $ 125 $ — $ 125 Pension and other OCI activity $ (1) $ — $ (1) $ — $ (1) Reclassified to earnings (2) — (2) — (2) Net OCI $ (3) $ — $ (3) $ — $ (3) Change in net DVA OCI activity $ (1,283) $ 311 $ (972) $ (20) $ (952) Reclassified to earnings 15 (3) 12 — 12 Net OCI $ (1,268) $ 308 $ (960) $ (20) $ (940) Change in fair value of cash flow hedge derivatives OCI activity $ (30) $ 6 $ (24) $ — $ (24) Reclassified to earnings 9 (1) 8 — 8 Net OCI $ (21) $ 5 $ (16) $ — $ (16) Nine Months Ended September 30, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (279) $ (441) $ (720) $ (230) $ (490) Reclassified to earnings — 59 59 — 59 Net OCI $ (279) $ (382) $ (661) $ (230) $ (431) Change in net unrealized gains (losses) on AFS securities OCI activity $ (6,169) $ 1,445 $ (4,724) $ — $ (4,724) Reclassified to earnings (71) 17 (54) — (54) Net OCI $ (6,240) $ 1,462 $ (4,778) $ — $ (4,778) Pension and other OCI activity $ (1) $ — $ (1) $ — $ (1) Reclassified to earnings 17 (3) 14 — 14 Net OCI $ 16 $ (3) $ 13 $ — $ 13 Change in net DVA OCI activity $ 3,474 $ (845) $ 2,629 $ 88 $ 2,541 Reclassified to earnings (1) — (1) — (1) Net OCI $ 3,473 $ (845) $ 2,628 $ 88 $ 2,540

Interest Income and Interest Ex

Interest Income and Interest Expense	9 Months Ended
	Sep. 30, 2023
Interest Income (Expense), Net [Abstract]
Interest Income and Interest Expense	Interest Income and Interest Expense Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Interest income Investment securities $ 1,019 $ 743 $ 2,886 $ 2,261 Loans 3,236 1,910 9,105 4,469 Securities purchased under agreements to resell 1 1,977 664 5,282 870 Securities borrowed 2 1,307 385 3,848 97 Trading assets, net of Trading liabilities 1,334 635 3,171 1,722 Customer receivables and Other 3 4,432 1,764 11,931 2,944 Total interest income $ 13,305 $ 6,101 $ 36,223 $ 12,363 Interest expense Deposits $ 2,271 $ 476 $ 5,793 $ 684 Borrowings 2,992 1,370 8,267 2,990 Securities sold under agreements to repurchase 4 1,897 501 4,567 725 Securities loaned 5 208 135 575 340 Customer payables and Other 6 3,960 1,109 10,688 616 Total interest expense $ 11,328 $ 3,591 $ 29,890 $ 5,355 Net interest $ 1,977 $ 2,510 $ 6,333 $ 7,008 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 September 30, At December 31, Customer and other receivables $ 4,705 $ 4,139 Customer and other payables 4,718 4,273

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 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

Segment, Geographic and Revenue

Segment, Geographic and Revenue Information	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment, Geographic and Revenue Information	Segment, Geographic and Revenue Information Selected Financial Information by Business Segment Three Months Ended September 30, 2023 $ in millions IS WM IM I/E Total Investment banking $ 938 $ 126 $ — $ (16) $ 1,048 Trading 3,660 (10) 24 5 3,679 Investments 100 22 22 — 144 Commissions and fees 1 606 562 — (70) 1,098 Asset management 1,2 150 3,629 1,312 (60) 5,031 Other 164 123 10 (1) 296 Total non-interest revenues 5,618 4,452 1,368 (142) 11,296 Interest income 9,790 3,797 37 (319) 13,305 Interest expense 9,739 1,845 69 (325) 11,328 Net interest 51 1,952 (32) 6 1,977 Net revenues $ 5,669 $ 6,404 $ 1,336 $ (136) $ 13,273 Provision for credit losses $ 93 $ 41 $ — $ — $ 134 Compensation and benefits 2,057 3,352 526 — 5,935 Non-compensation expenses 2,320 1,302 569 (132) 4,059 Total non-interest expenses $ 4,377 $ 4,654 $ 1,095 $ (132) $ 9,994 Income before provision for income taxes $ 1,199 $ 1,709 $ 241 $ (4) $ 3,145 Provision for income taxes 263 389 59 (1) 710 Net income 936 1,320 182 (3) 2,435 Net income applicable to noncontrolling interests 24 — 3 — 27 Net income applicable to Morgan Stanley $ 912 $ 1,320 $ 179 $ (3) $ 2,408 Three Months Ended September 30, 2022 $ in millions IS WM IM I/E Total Investment banking $ 1,277 $ 114 $ — $ (18) $ 1,373 Trading 3,330 (41) 32 10 3,331 Investments (73) 18 (113) — (168) Commissions and fees 1 648 543 — (58) 1,133 Asset management 1,2 140 3,389 1,269 (54) 4,744 Other (25) 93 (1) (4) 63 Total non-interest revenues 5,297 4,116 1,187 (124) 10,476 Interest income 3,889 2,626 18 (432) 6,101 Interest expense 3,369 622 37 (437) 3,591 Net interest 520 2,004 (19) 5 2,510 Net revenues $ 5,817 $ 6,120 $ 1,168 $ (119) $ 12,986 Provision for credit losses $ 24 $ 11 $ — $ — $ 35 Compensation and benefits 1,948 3,171 495 — 5,614 Non-compensation expenses 2,219 1,289 557 (116) 3,949 Total non-interest expenses $ 4,167 $ 4,460 $ 1,052 $ (116) $ 9,563 Income before provision for income taxes $ 1,626 $ 1,649 $ 116 $ (3) $ 3,388 Provision for income taxes 305 396 26 (1) 726 Net income 1,321 1,253 90 (2) 2,662 Net income applicable to noncontrolling interests 47 — (17) — 30 Net income applicable to Morgan Stanley $ 1,274 $ 1,253 $ 107 $ (2) $ 2,632 Nine Months Ended September 30, 2023 $ in millions IS WM IM I/E Total Investment banking $ 3,260 $ 339 $ — $ (66) $ 3,533 Trading 11,511 425 (2) 24 11,958 Investments 151 60 173 — 384 Commissions and fees 1 1,925 1,704 — (202) 3,427 Asset management 1,2 448 10,463 3,828 (163) 14,576 Other 669 366 9 (8) 1,036 Total non-interest revenues 17,964 13,357 4,008 (415) 34,914 Interest income 26,364 11,124 95 (1,360) 36,223 Interest expense 26,208 4,858 197 (1,373) 29,890 Net interest 156 6,266 (102) 13 6,333 Net revenues $ 18,120 $ 19,623 $ 3,906 $ (402) $ 41,247 Provision for credit losses $ 379 $ 150 $ — $ — $ 529 Compensation and benefits 6,637 10,332 1,638 — 18,607 Non-compensation expenses 7,036 4,039 1,691 (372) 12,394 Total non-interest expenses $ 13,673 $ 14,371 $ 3,329 $ (372) $ 31,001 Income before provision for income taxes $ 4,068 $ 5,102 $ 577 $ (30) $ 9,717 Provision for income taxes 802 1,098 135 (7) 2,028 Net income 3,266 4,004 442 (23) 7,689 Net income applicable to noncontrolling interests 117 — 2 — 119 Net income applicable to Morgan Stanley $ 3,149 $ 4,004 $ 440 $ (23) $ 7,570 Nine Months Ended September 30, 2022 $ in millions IS WM IM I/E Total Investment banking $ 3,983 $ 354 $ — $ (56) $ 4,281 Trading 11,511 (681) 38 43 10,911 Investments (69) 45 (46) — (70) Commissions and fees 1 2,110 1,869 — (210) 3,769 Asset management 1,2 442 10,525 3,961 (153) 14,775 Other (131) 388 (2) (10) 245 Total non-interest revenues 17,846 12,500 3,951 (386) 33,911 Interest income 6,797 6,208 34 (676) 12,363 Interest expense 5,050 917 71 (683) 5,355 Net interest 1,747 5,291 (37) 7 7,008 Net revenues $ 19,593 $ 17,791 $ 3,914 $ (379) $ 40,919 Provision for credit losses $ 150 $ 43 $ — $ — $ 193 Compensation and benefits 6,602 9,191 1,645 — 17,438 Non-compensation expenses 6,874 3,814 1,676 (371) 11,993 Total non-interest expenses $ 13,476 $ 13,005 $ 3,321 $ (371) $ 29,431 Income before provision for income taxes $ 5,967 $ 4,743 $ 593 $ (8) $ 11,295 Provision for income taxes 1,235 1,028 121 (2) 2,382 Net income 4,732 3,715 472 (6) 8,913 Net income applicable to noncontrolling interests 146 — (26) — 120 Net income applicable to Morgan Stanley $ 4,586 $ 3,715 $ 498 $ (6) $ 8,793 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Institutional Securities Advisory $ 449 $ 693 $ 1,542 $ 2,235 Institutional Securities Underwriting 489 584 1,718 1,748 Firm Investment banking revenues from contracts with customers 94 % 89 % 91 % 89 % Trading Revenues by Product Type Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Interest rate $ 1,124 $ 1,070 $ 3,701 $ 1,930 Foreign exchange 284 31 672 1,154 Equity 1 2,167 1,872 6,782 5,869 Commodity and other 447 279 1,321 1,288 Credit (343) 79 (518) 670 Total $ 3,679 $ 3,331 $ 11,958 $ 10,911 1. Dividend income is included within equity contracts. The previous table summarizes realized and unrealized gains and losses primarily related to the Firm’s Trading assets and liabilities, 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 $ 782 $ 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Fee waivers $ 27 $ 28 $ 73 $ 193 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Transaction taxes $ 222 $ 215 $ 683 $ 701 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Americas $ 10,268 $ 10,094 $ 31,453 $ 30,220 EMEA 1,479 1,392 4,716 5,381 Asia 1,526 1,500 5,078 5,318 Total $ 13,273 $ 12,986 $ 41,247 $ 40,919 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Non-interest revenues $ 468 $ 788 $ 1,350 $ 2,036 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 $ 2,334 $ 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 $ 790,180 $ 789,837 Wealth Management 361,490 373,305 Investment Management 17,343 17,089 Total 1 $ 1,169,013 $ 1,180,231

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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.
Accounting Updates Adopted in 2023	Accounting Updates Adopted in 2023 Fair Value Measurement - Equity Securities Subject to Contractual Sale Restrictions The Firm early adopted the Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions accounting update on July 1, 2023, with no material impact on the Firm’s financial condition or results of operations upon adoption. The update clarifies that a contractual sale restriction is not considered part of the unit of account of an equity security and, therefore, is not considered in measuring fair value.
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)	9 Months Ended
	Sep. 30, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	$ in millions At At Cash and due from banks $ 7,029 $ 5,409 Interest bearing deposits with banks 101,372 122,718 Total Cash and cash equivalents $ 108,401 $ 128,127 Restricted cash $ 28,638 $ 35,380

Fair Values (Tables)

Fair Values (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 63,418 $ 36,553 $ — $ — $ 99,971 Other sovereign government obligations 36,432 6,050 94 — 42,576 State and municipal securities — 1,153 112 — 1,265 MABS — 1,499 536 — 2,035 Loans and lending commitments 2 — 5,946 2,039 — 7,985 Corporate and other debt — 29,292 2,463 — 31,755 Corporate equities 3,5 104,786 676 195 — 105,657 Derivative and other contracts: Interest rate 7,172 197,954 524 — 205,650 Credit — 9,471 448 — 9,919 Foreign exchange 23 95,172 83 — 95,278 Equity 1,807 46,557 607 — 48,971 Commodity and other 2,075 12,334 2,910 — 17,319 Netting 1 (7,953) (280,170) (1,023) (42,600) (331,746) Total derivative and other contracts 3,124 81,318 3,549 (42,600) 45,391 Investments 4,5 624 646 934 — 2,204 Physical commodities — 2,381 — — 2,381 Total trading assets 4 208,384 165,514 9,922 (42,600) 341,220 Investment securities—AFS 46,572 29,654 35 — 76,261 Total assets at fair value $ 254,956 $ 195,168 $ 9,957 $ (42,600) $ 417,481 At September 30, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 6,302 $ 16 $ — $ 6,318 Trading liabilities: U.S. Treasury and agency securities 22,819 106 — — 22,925 Other sovereign government obligations 30,965 2,435 3 — 33,403 Corporate and other debt — 9,979 50 — 10,029 Corporate equities 3 51,164 125 41 — 51,330 Derivative and other contracts: Interest rate 6,183 192,109 773 — 199,065 Credit — 9,735 358 — 10,093 Foreign exchange 208 86,626 212 — 87,046 Equity 1,667 55,795 1,389 — 58,851 Commodity and other 2,561 11,626 1,629 — 15,816 Netting 1 (7,953) (280,170) (1,023) (49,114) (338,260) Total derivative and other contracts 2,666 75,721 3,338 (49,114) 32,611 Total trading liabilities 107,614 88,366 3,432 (49,114) 150,298 Securities sold under agreements to repurchase — 544 458 — 1,002 Other secured financings — 6,914 98 — 7,012 Borrowings — 85,028 1,528 — 86,556 Total liabilities at fair value $ 107,614 $ 187,154 $ 5,532 $ (49,114) $ 251,186 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. 5. At September 30, 2023, the Firm's Trading assets included an insignificant amount of equity securities subject to contractual sale restrictions that generally prohibit the Firm from selling the security for a period of time as of the measurement date.
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 Commercial Real Estate 584 528 Residential Real Estate 2,555 2,020 Securities-based lending and Other loans 4,846 5,843 Total $ 7,985 $ 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 $ 1,062 $ 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 Nine Months Ended $ in millions 2023 2022 2023 2022 U.S. Treasury and agency securities Beginning balance $ — $ 9 $ 17 $ 2 Realized and unrealized gains (losses) — — — (1) Purchases — 1 — 2 Sales — (4) (10) (7) Net transfers — (5) (7) 5 Ending balance $ — $ 1 $ — $ 1 Unrealized gains (losses) $ — $ — $ — $ (1) Other sovereign government obligations Beginning balance $ 128 $ 161 $ 169 $ 211 Realized and unrealized gains (losses) — 23 6 (24) Purchases 17 43 18 69 Sales (30) (57) (112) (60) Net transfers (21) (33) 13 (59) Ending balance $ 94 $ 137 $ 94 $ 137 Unrealized gains (losses) $ 1 $ 23 $ 1 $ (22) State and municipal securities Beginning balance $ 40 $ 29 $ 145 $ 13 Realized and unrealized gains (losses) (3) (1) (2) (2) Purchases 147 4 255 54 Sales (20) — (218) — Net transfers (52) 20 (68) (13) Ending balance $ 112 $ 52 $ 112 $ 52 Unrealized gains (losses) $ (3) $ (3) $ (3) $ (2) MABS Beginning balance $ 486 $ 339 $ 416 $ 344 Realized and unrealized gains (losses) (1) 8 13 (366) Purchases 88 3 149 448 Sales (33) (33) (79) (116) Settlements — — 50 — Net transfers (4) 27 (13) 34 Ending balance $ 536 $ 344 $ 536 $ 344 Unrealized gains (losses) $ 4 $ 9 $ 5 $ (12) Loans and lending commitments Beginning balance $ 2,400 $ 2,507 $ 2,017 $ 3,806 Realized and unrealized gains (losses) (6) (26) (91) 8 Purchases and originations 997 541 1,569 800 Sales (539) (353) (686) (801) Settlements (666) (144) (717) (618) Net transfers (147) 58 (53) (612) Ending balance $ 2,039 $ 2,583 $ 2,039 $ 2,583 Unrealized gains (losses) $ (6) $ (27) $ (91) $ — Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Corporate and other debt Beginning balance $ 2,223 $ 2,113 $ 2,096 $ 1,973 Realized and unrealized gains (losses) 108 (43) 231 446 Purchases and originations 346 132 561 752 Sales (465) (528) (618) (1,400) Settlements (6) (30) (6) (26) Net transfers 257 254 199 153 Ending balance $ 2,463 $ 1,898 $ 2,463 $ 1,898 Unrealized gains (losses) $ 113 $ (42) $ 239 $ 454 Corporate equities Beginning balance $ 166 $ 246 $ 116 $ 115 Realized and unrealized gains (losses) (29) (60) (64) (71) Purchases 32 15 101 79 Sales (34) (37) (38) (67) Net transfers 60 (19) 80 89 Ending balance $ 195 $ 145 $ 195 $ 145 Unrealized gains (losses) $ (25) $ (60) $ (36) $ (65) Investments Beginning balance $ 968 $ 1,027 $ 923 $ 1,125 Realized and unrealized gains (losses) 17 (140) 24 (275) Purchases 6 6 153 52 Sales (76) (18) (183) (33) Net transfers 19 (2) 17 4 Ending balance $ 934 $ 873 $ 934 $ 873 Unrealized gains (losses) $ 19 $ (136) $ 17 $ (267) Investment securities—AFS Beginning balance $ — $ 38 $ 35 $ — Realized and unrealized gains (losses) (5) (2) (4) (2) Net transfers 40 — 4 38 Ending balance $ 35 $ 36 $ 35 $ 36 Unrealized gains (losses) $ (5) $ (2) $ (4) $ (2) Net derivatives: Interest rate Beginning balance $ 49 $ (102) $ (151) $ 708 Realized and unrealized gains (losses) 49 (200) (318) (482) Purchases 26 — 57 — Issuances (7) — (63) — Settlements (110) 122 329 (38) Net transfers (256) 3 (103) (365) Ending balance $ (249) $ (177) $ (249) $ (177) Unrealized gains (losses) $ 7 $ (120) $ (94) $ (201) Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Net derivatives: Credit Beginning balance $ 96 $ 190 $ 110 $ 98 Realized and unrealized gains (losses) 9 3 (12) 91 Purchases — — — 3 Issuances — — — (1) Settlements (7) (78) (7) (59) Net transfers (8) 7 (1) (10) Ending balance $ 90 $ 122 $ 90 $ 122 Unrealized gains (losses) $ 8 $ 7 $ 4 $ 83 Net derivatives: Foreign exchange Beginning balance $ 28 $ (331) $ 66 $ 52 Realized and unrealized gains (losses) (13) 38 (53) (18) Settlements 16 73 (68) 47 Net transfers (160) 395 (74) 94 Ending balance $ (129) $ 175 $ (129) $ 175 Unrealized gains (losses) $ (16) $ 44 $ (51) $ 18 Net derivatives: Equity Beginning balance $ (775) $ (530) $ (736) $ (945) Realized and unrealized gains (losses) 195 1 192 275 Purchases 38 48 157 167 Issuances (166) (92) (492) (253) Settlements 252 68 229 379 Net transfers (326) 49 (132) (79) Ending balance $ (782) $ (456) $ (782) $ (456) Unrealized gains (losses) $ 160 $ (3) $ 93 $ 399 Net derivatives: Commodity and other Beginning balance $ 1,416 $ 1,344 $ 1,083 $ 1,529 Realized and unrealized gains (losses) (7) 238 549 546 Purchases 7 2 70 107 Issuances (9) (7) (80) (97) Settlements (92) 69 (313) (247) Net transfers (34) 155 (28) (37) Ending balance $ 1,281 $ 1,801 $ 1,281 $ 1,801 Unrealized gains (losses) $ (142) $ 72 $ 216 $ 25 Deposits Beginning balance $ 36 $ 19 $ 20 $ 67 Realized and unrealized losses (gains) (1) — (1) — Issuances 6 2 26 2 Settlements — (1) — (3) Net transfers (25) (13) (29) (59) Ending balance $ 16 $ 7 $ 16 $ 7 Unrealized losses (gains) $ (1) $ — $ (1) $ — Nonderivative trading liabilities Beginning balance $ 89 $ 104 $ 74 $ 61 Realized and unrealized losses (gains) (4) (8) (12) (41) Purchases (29) (20) (49) (39) Sales 23 16 77 88 Net transfers 15 (2) 4 21 Ending balance $ 94 $ 90 $ 94 $ 90 Unrealized losses (gains) $ (2) $ (8) $ (11) $ (41) Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Securities sold under agreements to repurchase Beginning balance $ 454 $ 514 $ 512 $ 651 Realized and unrealized losses (gains) 4 5 11 (3) Issuances — — 1 9 Settlements — (11) (9) (22) Net transfers — — (57) (127) Ending balance $ 458 $ 508 $ 458 $ 508 Unrealized losses (gains) $ 4 $ 5 $ 11 $ — Other secured financings Beginning balance $ 90 $ 112 $ 91 $ 403 Realized and unrealized losses (gains) (1) (5) 2 (11) Issuances 15 13 59 44 Settlements (6) (7) (54) (320) Net transfers — — — (3) Ending balance $ 98 $ 113 $ 98 $ 113 Unrealized losses (gains) $ (1) $ (5) $ 2 $ (11) Borrowings Beginning balance $ 1,787 $ 2,325 $ 1,587 $ 2,157 Realized and unrealized losses (gains) 18 (185) 83 (625) Issuances 342 65 626 230 Settlements (182) (65) (355) (263) Net transfers (437) (203) (413) 438 Ending balance $ 1,528 $ 1,937 $ 1,528 $ 1,937 Unrealized losses (gains) $ 18 $ (185) $ 48 $ (629) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA (4) (36) 10 (126)
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 Nine Months Ended $ in millions 2023 2022 2023 2022 U.S. Treasury and agency securities Beginning balance $ — $ 9 $ 17 $ 2 Realized and unrealized gains (losses) — — — (1) Purchases — 1 — 2 Sales — (4) (10) (7) Net transfers — (5) (7) 5 Ending balance $ — $ 1 $ — $ 1 Unrealized gains (losses) $ — $ — $ — $ (1) Other sovereign government obligations Beginning balance $ 128 $ 161 $ 169 $ 211 Realized and unrealized gains (losses) — 23 6 (24) Purchases 17 43 18 69 Sales (30) (57) (112) (60) Net transfers (21) (33) 13 (59) Ending balance $ 94 $ 137 $ 94 $ 137 Unrealized gains (losses) $ 1 $ 23 $ 1 $ (22) State and municipal securities Beginning balance $ 40 $ 29 $ 145 $ 13 Realized and unrealized gains (losses) (3) (1) (2) (2) Purchases 147 4 255 54 Sales (20) — (218) — Net transfers (52) 20 (68) (13) Ending balance $ 112 $ 52 $ 112 $ 52 Unrealized gains (losses) $ (3) $ (3) $ (3) $ (2) MABS Beginning balance $ 486 $ 339 $ 416 $ 344 Realized and unrealized gains (losses) (1) 8 13 (366) Purchases 88 3 149 448 Sales (33) (33) (79) (116) Settlements — — 50 — Net transfers (4) 27 (13) 34 Ending balance $ 536 $ 344 $ 536 $ 344 Unrealized gains (losses) $ 4 $ 9 $ 5 $ (12) Loans and lending commitments Beginning balance $ 2,400 $ 2,507 $ 2,017 $ 3,806 Realized and unrealized gains (losses) (6) (26) (91) 8 Purchases and originations 997 541 1,569 800 Sales (539) (353) (686) (801) Settlements (666) (144) (717) (618) Net transfers (147) 58 (53) (612) Ending balance $ 2,039 $ 2,583 $ 2,039 $ 2,583 Unrealized gains (losses) $ (6) $ (27) $ (91) $ — Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Corporate and other debt Beginning balance $ 2,223 $ 2,113 $ 2,096 $ 1,973 Realized and unrealized gains (losses) 108 (43) 231 446 Purchases and originations 346 132 561 752 Sales (465) (528) (618) (1,400) Settlements (6) (30) (6) (26) Net transfers 257 254 199 153 Ending balance $ 2,463 $ 1,898 $ 2,463 $ 1,898 Unrealized gains (losses) $ 113 $ (42) $ 239 $ 454 Corporate equities Beginning balance $ 166 $ 246 $ 116 $ 115 Realized and unrealized gains (losses) (29) (60) (64) (71) Purchases 32 15 101 79 Sales (34) (37) (38) (67) Net transfers 60 (19) 80 89 Ending balance $ 195 $ 145 $ 195 $ 145 Unrealized gains (losses) $ (25) $ (60) $ (36) $ (65) Investments Beginning balance $ 968 $ 1,027 $ 923 $ 1,125 Realized and unrealized gains (losses) 17 (140) 24 (275) Purchases 6 6 153 52 Sales (76) (18) (183) (33) Net transfers 19 (2) 17 4 Ending balance $ 934 $ 873 $ 934 $ 873 Unrealized gains (losses) $ 19 $ (136) $ 17 $ (267) Investment securities—AFS Beginning balance $ — $ 38 $ 35 $ — Realized and unrealized gains (losses) (5) (2) (4) (2) Net transfers 40 — 4 38 Ending balance $ 35 $ 36 $ 35 $ 36 Unrealized gains (losses) $ (5) $ (2) $ (4) $ (2) Net derivatives: Interest rate Beginning balance $ 49 $ (102) $ (151) $ 708 Realized and unrealized gains (losses) 49 (200) (318) (482) Purchases 26 — 57 — Issuances (7) — (63) — Settlements (110) 122 329 (38) Net transfers (256) 3 (103) (365) Ending balance $ (249) $ (177) $ (249) $ (177) Unrealized gains (losses) $ 7 $ (120) $ (94) $ (201) Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Net derivatives: Credit Beginning balance $ 96 $ 190 $ 110 $ 98 Realized and unrealized gains (losses) 9 3 (12) 91 Purchases — — — 3 Issuances — — — (1) Settlements (7) (78) (7) (59) Net transfers (8) 7 (1) (10) Ending balance $ 90 $ 122 $ 90 $ 122 Unrealized gains (losses) $ 8 $ 7 $ 4 $ 83 Net derivatives: Foreign exchange Beginning balance $ 28 $ (331) $ 66 $ 52 Realized and unrealized gains (losses) (13) 38 (53) (18) Settlements 16 73 (68) 47 Net transfers (160) 395 (74) 94 Ending balance $ (129) $ 175 $ (129) $ 175 Unrealized gains (losses) $ (16) $ 44 $ (51) $ 18 Net derivatives: Equity Beginning balance $ (775) $ (530) $ (736) $ (945) Realized and unrealized gains (losses) 195 1 192 275 Purchases 38 48 157 167 Issuances (166) (92) (492) (253) Settlements 252 68 229 379 Net transfers (326) 49 (132) (79) Ending balance $ (782) $ (456) $ (782) $ (456) Unrealized gains (losses) $ 160 $ (3) $ 93 $ 399 Net derivatives: Commodity and other Beginning balance $ 1,416 $ 1,344 $ 1,083 $ 1,529 Realized and unrealized gains (losses) (7) 238 549 546 Purchases 7 2 70 107 Issuances (9) (7) (80) (97) Settlements (92) 69 (313) (247) Net transfers (34) 155 (28) (37) Ending balance $ 1,281 $ 1,801 $ 1,281 $ 1,801 Unrealized gains (losses) $ (142) $ 72 $ 216 $ 25 Deposits Beginning balance $ 36 $ 19 $ 20 $ 67 Realized and unrealized losses (gains) (1) — (1) — Issuances 6 2 26 2 Settlements — (1) — (3) Net transfers (25) (13) (29) (59) Ending balance $ 16 $ 7 $ 16 $ 7 Unrealized losses (gains) $ (1) $ — $ (1) $ — Nonderivative trading liabilities Beginning balance $ 89 $ 104 $ 74 $ 61 Realized and unrealized losses (gains) (4) (8) (12) (41) Purchases (29) (20) (49) (39) Sales 23 16 77 88 Net transfers 15 (2) 4 21 Ending balance $ 94 $ 90 $ 94 $ 90 Unrealized losses (gains) $ (2) $ (8) $ (11) $ (41) Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Securities sold under agreements to repurchase Beginning balance $ 454 $ 514 $ 512 $ 651 Realized and unrealized losses (gains) 4 5 11 (3) Issuances — — 1 9 Settlements — (11) (9) (22) Net transfers — — (57) (127) Ending balance $ 458 $ 508 $ 458 $ 508 Unrealized losses (gains) $ 4 $ 5 $ 11 $ — Other secured financings Beginning balance $ 90 $ 112 $ 91 $ 403 Realized and unrealized losses (gains) (1) (5) 2 (11) Issuances 15 13 59 44 Settlements (6) (7) (54) (320) Net transfers — — — (3) Ending balance $ 98 $ 113 $ 98 $ 113 Unrealized losses (gains) $ (1) $ (5) $ 2 $ (11) Borrowings Beginning balance $ 1,787 $ 2,325 $ 1,587 $ 2,157 Realized and unrealized losses (gains) 18 (185) 83 (625) Issuances 342 65 626 230 Settlements (182) (65) (355) (263) Net transfers (437) (203) (413) 438 Ending balance $ 1,528 $ 1,937 $ 1,528 $ 1,937 Unrealized losses (gains) $ 18 $ (185) $ 48 $ (629) Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA (4) (36) 10 (126)
Schedule of Valuation Techniques and Unobservable Inputs	Valuation Techniques and Unobservable Inputs Balance / Range (Average 1 ) $ in millions, except inputs At September 30, 2023 At December 31, 2022 Assets at Fair Value on a Recurring Basis Other sovereign government obligations $ 94 $ 169 Comparable pricing: Bond price 61 to 111 points (86 points) 57 to 124 points (89 points) State and municipal securities $ 112 $ 145 Comparable pricing: Bond price 90 to 104 points (100 points) 86 to 100 points (97 points) MABS $ 536 $ 416 Comparable pricing: Bond price 0 to 90 points (65 points) 0 to 95 points (68 points) Loans and lending commitments $ 2,039 $ 2,017 Margin loan model: Margin loan rate 2% to 4% (3%) 2% to 4% (3%) Comparable pricing: Loan price 91 to 102 points (99 points) 87 to 105 points (99 points) Corporate and other debt $ 2,463 $ 2,096 Comparable pricing: Bond price 30 to 136 points (82 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 $ 195 $ 116 Comparable pricing: Equity price 100% 100% Investments $ 934 $ 923 Discounted cash flow: WACC 15% to 18% (16%) 15% to 17% (16%) Exit multiple 9 to 17 times (14 times) 7 to 17 times (14 times) Market approach: EBITDA multiple 21 times 7 to 21 times (11 times) Comparable pricing: Equity price 24% to 100% (87%) 24% to 100% (89%) Net derivative and other contracts: Interest rate $ (249) $ (151) Option model: IR volatility skew 62% to 118% (75% / 77%) 105% to 130% (113% / 109%) IR curve correlation 51% to 97% (82% / 86%) 47% to 100% (80% / 84%) Bond volatility 1% to 1% (1% / 1%) N/M Inflation volatility 22% to 70% (44% / 38%) 22% to 65% (43% / 38%) IR curve N/M 4% to 5% (5% / 5%) Credit $ 90 $ 110 Credit default swap model: Cash-synthetic basis 7 points 7 points Bond price 0 to 90 bps (48 points) 0 to 83 points (43 points) Credit spread 10 to 464 bps (108 bps) 10 to 528 bps (115 bps) Funding spread 18 to 590 bps (57 bps) 18 to 590 bps (93 bps) Balance / Range (Average 1 ) $ in millions, except inputs At September 30, 2023 At December 31, 2022 Foreign exchange 2 $ (129) $ 66 Option model: IR curve -3% to 10% (3% / 1%) -2% to 38% (8% / 4%) Foreign exchange volatility skew -2% to 8% (2% / 0%) 10% to 10% (10% / 10%) Contingency probability 95% to 95% (95% / 95%) 95% to 95% (95% / 95%) Equity 2 $ (782) $ (736) Option model: Equity volatility 6% to 97% (21%) 5% to 96% (25%) Equity volatility skew -2% to 0% (0%) -4% to 0% (-1%) Equity correlation 9% to 97% (58%) 10% to 93% (71%) FX correlation -79% to 40% (-27%) -79% to 65% (-26%) IR correlation 13% to 30% (15%) 10% to 30% (14%) Commodity and other $ 1,281 $ 1,083 Option model: Forward power price $0 to $208 ($49) per MwH $1 to $292 ($43) per MWh Commodity volatility 12% to 145% (33%) 12% to 169% (34%) Cross-commodity correlation 57% to 100% (94%) 70% to 100% (94%) Liabilities Measured at Fair Value on a Recurring Basis Securities sold under agreements to repurchase $ 458 $ 512 Discounted cash flow: Funding spread 22 to 141 bps (77 bps) 96 to 165 bps (131 bps) Other secured financings $ 98 $ 91 Comparable pricing: Loan price 23 to 100 points (81 points) 23 to 101 points (75 points) Borrowings $ 1,528 $ 1,587 Option model: Equity volatility 6% to 71% (18%) 7% to 86% (23%) Equity volatility skew -3% to 0% (0%) -2% to 0% (0%) Equity correlation 50% to 95% (77%) 39% to 98% (86%) Equity - FX correlation -52% to 35% (-29%) -50% to 0% (-21%) IR curve correlation 51% to 88% (71% / 71%) N/M IR volatility skew N/M 47% to 136% (74% / 59%) Discounted cash flow: Loss given default 54% to 84% (62% / 5%) 54% to 84% (62% / 54%) Nonrecurring Fair Value Measurement Loans $ 5,224 $ 6,610 Corporate loan model: Credit spread 120 to 1215 bps (794 bps) 91 to 1276 bps (776 bps) Comparable pricing: Loan price 15 to 98 points (70 points) 36 to 80 points (65 points) Warehouse model: Credit spread 120 to 298 bps (237 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 September 30, 2023 At December 31, 2022 $ in millions Carrying Commitment Carrying Commitment Private equity $ 2,587 $ 747 $ 2,622 $ 638 Real estate 2,804 244 2,642 239 Hedge 1 74 3 190 3 Total $ 5,465 $ 994 $ 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 September 30, 2023 $ in millions Private Equity Real Estate Less than 5 years $ 1,338 $ 979 5-10 years 1,172 1,771 Over 10 years 77 54 Total $ 2,587 $ 2,804
Schedule of Nonrecurring Fair Value Measurements	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis At September 30, 2023 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 3,711 $ 5,224 $ 8,935 Total $ 3,711 $ 5,224 $ 8,935 Liabilities Other liabilities and accrued expenses—Lending commitments $ 156 $ 78 $ 234 Total $ 156 $ 78 $ 234 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Assets Loans 2 $ (35) $ (118) $ (117) $ (365) Other assets—Other investments 3 5 (2) 4 (8) Other assets—Premises, equipment and software 4 (2) (1) (6) (3) Other assets—ROU assets 5 — (1) (10) (7) Total $ (32) $ (122) $ (129) $ (383) Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ 7 $ (13) $ 38 $ (172) Total $ 7 $ (13) $ 38 $ (172) 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 September 30, 2023 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 108,401 $ 108,401 $ — $ — $ 108,401 Investment securities—HTM 70,705 24,323 32,964 1,037 58,324 Securities purchased under agreements to resell 101,569 — 99,208 2,355 101,563 Securities borrowed 120,916 — 120,916 — 120,916 Customer and other receivables 71,146 — 66,917 3,899 70,816 Loans 1 216,972 — 27,399 180,698 208,097 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 339,140 $ — $ 338,677 $ — $ 338,677 Securities sold under agreements to repurchase 75,659 — 75,638 — 75,638 Securities loaned 13,064 — 13,059 — 13,059 Other secured financings 2,656 — 2,656 — 2,656 Customer and other payables 200,415 — 200,415 — 200,415 Borrowings 160,637 — 160,139 4 160,143 Commitment Lending commitments 2 $ 147,201 $ — $ 1,509 $ 749 $ 2,258 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)	9 Months Ended
	Sep. 30, 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 $ 43,951 $ 38,945 Interest rates 27,180 26,077 Commodities 11,952 10,717 Credit 2,093 1,564 Foreign exchange 1,380 1,417 Total $ 86,556 $ 78,720 Net Revenues from Borrowings under the Fair Value Option Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Trading revenues $ 3,479 $ 4,034 $ (1,412) $ 16,361 Interest expense 124 67 351 203 Net revenues 1 $ 3,355 $ 3,967 $ (1,763) $ 16,158 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 September 30, 2023 2022 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ (8) $ — $ (68) $ — Lending commitments — — (2) — Deposits — 4 — (9) Borrowings (6) (547) — 1,091 Nine Months Ended September 30, 2023 2022 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ (112) $ — $ (59) $ — Lending commitments 11 — (3) — Deposits — 21 — 5 Borrowings (15) (1,289) 1 3,468 $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (1,725) $ (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 $ 10,707 $ 11,916 Nonaccrual loans 2 8,162 9,128 Borrowings 3 5,564 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 $ 410 $ 585 Nonaccrual loans 90 or more days past due 49 116

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Asset Contracts	Fair Values of Derivative Contracts Assets at September 30, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 43 $ — $ — $ 43 Foreign exchange 243 65 — 308 Total 286 65 — 351 Not designated as accounting hedges Economic hedges of loans Credit 2 47 — 49 Other derivatives Interest rate 146,995 57,701 911 205,607 Credit 6,409 3,461 — 9,870 Foreign exchange 92,515 2,419 36 94,970 Equity 17,550 — 31,421 48,971 Commodity and other 14,536 — 2,783 17,319 Total 278,007 63,628 35,151 376,786 Total gross derivatives $ 278,293 $ 63,693 $ 35,151 $ 377,137 Amounts offset Counterparty netting (194,644) (61,670) (33,407) (289,721) Cash collateral netting (40,734) (1,291) — (42,025) Total in Trading assets $ 42,915 $ 732 $ 1,744 $ 45,391 Amounts not offset 1 Financial instruments collateral (23,943) — — (23,943) Net amounts $ 18,972 $ 732 $ 1,744 $ 21,448 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 3,487 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 September 30, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 564 $ 1 $ — $ 565 Foreign exchange 16 7 — 23 Total 580 8 — 588 Not designated as accounting hedges Economic hedges of loans Credit 24 581 — 605 Other derivatives Interest rate 137,420 60,141 939 198,500 Credit 6,187 3,301 — 9,488 Foreign exchange 84,080 2,725 218 87,023 Equity 26,669 — 32,182 58,851 Commodity and other 12,418 — 3,398 15,816 Total 266,798 66,748 36,737 370,283 Total gross derivatives $ 267,378 $ 66,756 $ 36,737 $ 370,871 Amounts offset Counterparty netting (194,644) (61,670) (33,407) (289,721) Cash collateral netting (43,675) (4,864) — (48,539) Total in Trading liabilities $ 29,059 $ 222 $ 3,330 $ 32,611 Amounts not offset 1 Financial instruments collateral (4,049) — (562) (4,611) Net amounts $ 25,010 $ 222 $ 2,768 $ 28,000 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable 4,581 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 September 30, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 67 $ — $ 67 Foreign exchange 12 3 — 15 Total 12 70 — 82 Not designated as accounting hedges Economic hedges of loans Credit — 1 — 1 Other derivatives Interest rate 3,943 8,316 563 12,822 Credit 209 167 — 376 Foreign exchange 3,413 194 7 3,614 Equity 559 — 437 996 Commodity and other 138 — 72 210 Total 8,262 8,678 1,079 18,019 Total gross derivatives $ 8,274 $ 8,748 $ 1,079 $ 18,101 Liabilities at September 30, 2023 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 195 $ — $ 197 Foreign exchange 2 1 — 3 Total 4 196 — 200 Not designated as accounting hedges Economic hedges of loans Credit 1 20 — 21 Other derivatives Interest rate 4,123 8,125 466 12,714 Credit 221 161 — 382 Foreign exchange 3,387 167 28 3,582 Equity 596 — 621 1,217 Commodity and other 106 — 83 189 Total 8,434 8,473 1,198 18,105 Total gross derivatives $ 8,438 $ 8,669 $ 1,198 $ 18,305 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 Nine Months Ended September 30, September 30, $ in millions 2023 2022 2023 2022 Fair value hedges—Recognized in Interest income Interest rate contracts $ 259 $ 846 $ 457 $ 2,037 Investment Securities—AFS (239) (836) (423) (1,960) Fair value hedges—Recognized in Interest expense Interest rate contracts $ (2,742) $ (5,379) $ (2,806) $ (15,629) Deposits (15) 25 (31) 143 Borrowings 2,781 5,372 2,856 15,499 Net investment hedges—Foreign exchange contracts Recognized in OCI $ 375 $ 662 $ 381 $ 1,436 Forward points excluded from hedge effectiveness testing—Recognized in Interest income 60 18 166 (59) Cash flow hedges—Interest rate contracts 1 Recognized in OCI $ (12) $ — $ (30) $ — Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income (6) — (9) — Net change in cash flow hedges included within AOCI (6) — (21) —
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 $ 33,348 $ 34,073 Basis adjustments included in amortized cost 1 $ (1,800) $ (1,628) Deposits Carrying amount currently or previously hedged $ 10,278 $ 3,735 Basis adjustments included in carrying amount 1 $ (88) $ (119) Borrowings Carrying amount currently or previously hedged $ 147,076 $ 146,025 Basis adjustments included in carrying amount — Outstanding hedges $ (15,567) $ (12,748) Basis adjustments included in carrying amount — Terminated hedges $ (677) $ (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 Nine Months Ended September 30, September 30, $ in millions 2023 2022 2023 2022 Recognized in Other revenues Credit contracts 1 $ (104) $ (44) $ (330) $ 160
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 $ 19,204 $ 20,287 Collateral posted 13,338 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 $ 562 Two-notch downgrade 375 Bilateral downgrade agreements included in the amounts above 1 $ 811
Schedule of Maximum Potential Payout/Notional of Credit Protection Sold	Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at September 30, 2023 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 16 $ 30 $ 39 $ 14 $ 99 Non-investment grade 7 13 20 6 46 Total $ 23 $ 43 $ 59 $ 20 $ 145 Index and basket CDS Investment grade $ 3 $ 18 $ 51 $ 21 $ 93 Non-investment grade 8 11 85 35 139 Total $ 11 $ 29 $ 136 $ 56 $ 232 Total CDS sold $ 34 $ 72 $ 195 $ 76 $ 377 Other credit contracts — — — 3 3 Total credit protection sold $ 34 $ 72 $ 195 $ 79 $ 380 CDS protection sold with identical protection purchased $ 312 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 $ 1,472 $ 762 Non-investment grade (228) (808) Total $ 1,244 $ (46) Index and basket CDS Investment grade $ 1,295 $ 859 Non-investment grade (1,855) (1,812) Total $ (560) $ (953) Total CDS sold $ 684 $ (999) Other credit contracts 178 (1) Total credit protection sold $ 862 $ (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 $ 172 $ 140 Index and basket 197 173 Tranched index and basket 32 26 Total $ 401 $ 339 Fair Value Asset (Liability) $ in millions At At Single name $ (1,553) $ (33) Index and basket 1,023 1,248 Tranched index and basket (481) (217) Total $ (1,011) $ 998

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of AFS and HTM Securities	AFS and HTM Securities At September 30, 2023 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 47,939 $ 27 $ 1,394 $ 46,572 U.S. agency securities 2 26,221 — 3,436 22,785 Agency CMBS 5,741 — 504 5,237 State and municipal securities 817 32 20 829 FFELP student loan ABS 3 855 — 17 838 Other ABS — — — — Total AFS securities 81,573 59 5,371 76,261 HTM securities U.S. Treasury securities 26,208 — 1,885 24,323 U.S. agency securities 2 41,612 — 10,136 31,476 Agency CMBS 1,656 — 168 1,488 Non-agency CMBS 1,229 — 192 1,037 Total HTM securities 70,705 — 12,381 58,324 Total investment securities $ 152,278 $ 59 $ 17,752 $ 134,585 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 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 $ 6,932 $ 214 $ 42,144 $ 1,711 12 months or longer 31,798 1,180 11,454 543 Total 38,730 1,394 53,598 2,254 U.S. agency securities Less than 12 months 4,716 91 13,662 1,271 12 months or longer 17,968 3,345 7,060 1,482 Total 22,684 3,436 20,722 2,753 Agency CMBS Less than 12 months 2,111 201 5,343 448 12 months or longer 3,053 303 185 22 Total 5,164 504 5,528 470 State and municipal securities Less than 12 months 288 1 2,106 40 12 months or longer 253 19 65 2 Total 541 20 2,171 42 FFELP student loan ABS Less than 12 months 68 1 627 23 12 months or longer 693 16 476 22 Total 761 17 1,103 45 Total AFS securities in an unrealized loss position Less than 12 months 14,115 508 63,882 3,493 12 months or longer 53,765 4,863 19,240 2,071 Total $ 67,880 $ 5,371 $ 83,122 $ 5,564
Schedule of Investment Securities by Contractual Maturity	Investment Securities by Contractual Maturity At September 30, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2,3 AFS securities U.S. Treasury securities: Due within 1 year $ 15,009 $ 14,680 1.1 % After 1 year through 5 years 32,224 31,187 1.8 % After 5 years through 10 years 706 705 3.9 % Total 47,939 46,572 U.S. agency securities: Due within 1 year 24 23 (0.6) % After 1 year through 5 years 431 397 1.6 % After 5 years through 10 years 572 510 1.8 % After 10 years 25,194 21,855 3.6 % Total 26,221 22,785 Agency CMBS: Due within 1 year 1 1 (2.2) % After 1 year through 5 years 2,068 1,973 1.8 % After 5 years through 10 years 2,459 2,309 2.1 % After 10 years 1,213 954 1.4 % Total 5,741 5,237 State and municipal securities: Due within 1 year 24 24 5.2 % After 1 year through 5 years 172 172 4.8 % After 5 years through 10 years 17 20 4.7 % After 10 Years 604 613 4.3 % Total 817 829 FFELP student loan ABS: After 1 year through 5 years 101 98 5.8 % After 5 years through 10 years 104 100 6.0 % After 10 years 650 640 6.3 % Total 855 838 Total AFS securities 81,573 76,261 2.3 % At September 30, 2023 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2 HTM securities U.S. Treasury securities: Due within 1 year 8,102 7,982 1.9 % After 1 year through 5 years 12,683 11,863 1.8 % After 5 years through 10 years 3,864 3,445 2.4 % After 10 years 1,559 1,033 2.3 % Total 26,208 24,323 U.S. agency securities: After 1 year through 5 years 7 6 1.8 % After 5 years through 10 years 311 276 2.1 % After 10 years 41,294 31,194 1.8 % Total 41,612 31,476 Agency CMBS: Due within 1 year 482 469 1.4 % After 1 year through 5 years 928 828 1.2 % After 5 years through 10 years 118 95 1.4 % After 10 years 128 96 1.6 % Total 1,656 1,488 Non-agency CMBS: Due within 1 year 195 177 4.2 % After 1 year through 5 years 353 315 4.4 % After 5 years through 10 years 630 500 3.7 % After 10 years 51 45 4.6 % Total 1,229 1,037 Total HTM securities 70,705 58,324 1.9 % Total investment securities 152,278 134,585 2.1 % 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 September 30, 2023, the annualized average yield, including the interest rate swap accrual of related hedges, was 1.2% for AFS securities contractually maturing within 1 year and 3.3% 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Gross realized gains $ 15 $ 13 $ 66 $ 163 Gross realized (losses) (1) (4) (21) (92) Total 1 $ 14 $ 9 $ 45 $ 71 1. Realized gains and losses are recognized in Other revenues in the income statement.

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	9 Months Ended
	Sep. 30, 2023
Collateralized Agreements [Abstract]
Schedule of Offsetting of Certain Collateralized Transactions	Offsetting of Certain Collateralized Transactions At September 30, 2023 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 244,528 $ (142,959) $ 101,569 $ (98,203) $ 3,366 Securities borrowed 133,184 (12,268) 120,916 (116,818) 4,098 Liabilities Securities sold under agreements to repurchase $ 219,620 $ (142,959) $ 76,661 $ (70,871) $ 5,790 Securities loaned 25,332 (12,268) 13,064 (13,049) 15 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 2,160 Securities borrowed 380 Securities sold under agreements to repurchase 4,311 Securities loaned 4 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 September 30, 2023 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 93,944 $ 68,289 $ 23,622 $ 33,765 $ 219,620 Securities loaned 13,266 — 900 11,166 25,332 Total included in the offsetting disclosure $ 107,210 $ 68,289 $ 24,522 $ 44,931 $ 244,952 Trading liabilities— 16,548 — — — 16,548 Total $ 123,758 $ 68,289 $ 24,522 $ 44,931 $ 261,500 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 $ 83,594 $ 57,761 Other sovereign government obligations 102,679 98,839 Corporate equities 17,976 19,340 Other 15,371 13,042 Total $ 219,620 $ 188,982 Securities loaned Other sovereign government obligations $ 714 $ 862 Corporate equities 23,939 26,289 Other 679 494 Total $ 25,332 $ 27,645 Total included in the offsetting disclosure $ 244,952 $ 216,627 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 16,523 $ 22,833 Other 25 47 Total $ 16,548 $ 22,880 Total $ 261,500 $ 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 Trading assets $ 38,682 $ 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 $ 656,290 $ 637,941 Collateral that was sold or repledged 1 499,905 486,820
Schedule of Securities Segregated for Regulatory Purposes	Securities Segregated for Regulatory Purposes $ in millions At At Segregated securities 1 $ 21,936 $ 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 $ 42,699 $ 38,524

Loans, Lending Commitments an_2

Loans, Lending Commitments and Related Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Loans by Type	Loans by Type At September 30, 2023 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 7,181 $ 11,086 $ 18,267 Secured lending facilities 39,119 2,861 41,980 Commercial real estate 8,389 259 8,648 Residential real estate 59,002 23 59,025 Securities-based lending and Other loans 90,208 1 90,209 Total loans 203,899 14,230 218,129 ACL (1,157) (1,157) Total loans, net $ 202,742 $ 14,230 $ 216,972 Loans to non-U.S. borrowers, net $ 26,246 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 September 30, 2023 At December 31, 2022 $ in millions Fixed Rate Floating or Adjustable Rate Fixed Rate Floating or Adjustable Rate Corporate $ — $ 18,267 $ — $ 17,223 Secured lending facilities — 41,980 — 38,782 Commercial real estate 198 8,450 204 9,237 Residential real estate 28,282 30,743 24,903 29,561 Securities-based lending and Other loans 22,525 67,684 24,077 70,637 Total loans, before ACL $ 51,005 $ 167,124 $ 49,184 $ 165,440
Schedule of Loans Held for Investment	Loans Held for Investment before Allowance by Origination Year At September 30, 2023 At December 31, 2022 Corporate $ in millions IG NIG Total IG NIG Total Revolving $ 2,349 $ 4,189 $ 6,538 $ 2,554 $ 3,456 $ 6,010 2023 134 20 154 2022 — 166 166 6 107 113 2021 15 101 116 — 139 139 2020 33 25 58 — 58 58 2019 — 149 149 — 154 154 Prior — — — 115 — 115 Total $ 2,531 $ 4,650 $ 7,181 $ 2,675 $ 3,914 $ 6,589 At September 30, 2023 At December 31, 2022 Secured Lending Facilities $ in millions IG NIG Total IG NIG Total Revolving $ 11,329 $ 19,873 $ 31,202 $ 9,445 $ 21,243 $ 30,688 2023 2,324 750 3,074 2022 667 2,150 2,817 1,135 1,336 2,471 2021 254 151 405 254 208 462 2020 — 85 85 — 98 98 2019 60 345 405 60 486 546 Prior 302 829 1,131 215 1,126 1,341 Total $ 14,936 $ 24,183 $ 39,119 $ 11,109 $ 24,497 $ 35,606 At September 30, 2023 At December 31, 2022 Commercial Real Estate $ in millions IG NIG Total IG NIG Total Revolving $ — $ 168 $ 168 $ — $ 204 $ 204 2023 10 805 815 2022 382 1,791 2,173 379 2,201 2,580 2021 286 1,574 1,860 239 1,609 1,848 2020 — 739 739 — 728 728 2019 325 1,242 1,567 659 1,152 1,811 Prior 85 982 1,067 211 1,133 1,344 Total $ 1,088 $ 7,301 $ 8,389 $ 1,488 $ 7,027 $ 8,515 At September 30, 2023 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 98 $ 32 $ 8 $ 137 $ 1 $ 138 2023 5,735 1,180 178 6,304 789 7,093 2022 11,039 2,445 390 12,771 1,103 13,874 2021 11,210 2,392 245 12,911 936 13,847 2020 7,006 1,443 105 8,118 436 8,554 2019 4,012 901 132 4,739 306 5,045 Prior 7,845 2,292 314 9,632 819 10,451 Total $ 46,945 $ 10,685 $ 1,372 $ 54,612 $ 4,390 $ 59,002 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 September 30, 2023 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 71,389 $ 6,096 $ 1,220 $ 78,705 2023 1,369 543 238 2,150 2022 1,474 820 792 3,086 2021 375 417 341 1,133 2020 — 464 425 889 2019 14 903 522 1,439 Prior 202 1,466 1,138 2,806 Total $ 74,823 $ 10,709 $ 4,676 $ 90,208 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 September 30, 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, which typically consist of bespoke lending arrangements provided to ultra-high worth net clients. These facilities are generally secured by eligible collateral. Past Due Loans Held for Investment before Allowance 1 $ in millions At September 30, 2023 At December 31, 2022 Corporate $ 42 $ 112 Secured lending facilities — 85 Commercial real estate 21 — Residential real estate 153 158 Securities-based lending and Other loans — 1 Total $ 216 $ 356 1. As of September 30, 2023, the majority of the amounts are past due for a period of less than 90 days. As of December 31, 2022, the majority of the amounts are 90 days or more past due. Nonaccrual Loans Held for Investment before Allowance 1 $ in millions At September 30, 2023 At December 31, 2022 Corporate $ 115 $ 71 Secured lending facilities 92 94 Commercial real estate 153 209 Residential real estate 101 118 Securities-based lending and Other loans 120 10 Total $ 581 $ 502 Nonaccrual loans without an ACL $ 133 $ 117 1. There were no loans held for investment that were 90 days or more past due and still accruing as of September 30, 2023 and December 31, 2022. For further information on the Firm’s nonaccrual policy, see Note 2 to the financial statements in the 2022 Form 10-K .
Schedule of Modified Loans and Troubled Debt Restructurings	Modified Loans Held for Investment Modified during the three months ended September 30, 2023 1 At September 30, 2023 $ in millions Amortized Cost % of Total Loans 2 Term Extension Corporate $ 82 1.1 % Commercial real estate 198 2.4 % Securities-based lending and Other loans 105 0.1 % Total $ 385 Modified during the nine months ended September 30, 2023 1 At September 30, 2023 $ in millions Amortized Cost % of Total Loans 2 Term Extension Corporate $ 114 1.6 % Commercial real estate 219 2.6 % Residential real estate 1 — % Securities-based lending and Other loans 129 0.1 % Total $ 463 Combination - Multiple Modifications 3 Commercial real estate $ 40 0.5 % 1. Lending commitments to borrowers for which the Firm has modified terms of the receivable are $424 million and $877 million during the current quarter and current year period, respectively as of September 30, 2023. 2. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. 3. Combination - Multiple Modifications includes loans with Term extension and Other-than-insignificant payment delay. Financial Impact on Modified Loans Held for Investment Modified during the three months ended September 30, 2023 1 At September 30, 2023 Term Extension 2 Corporate Added 1 year, 11 months to the life of the modified loan(s) Commercial real estate Added 3 months to the life of the modified loan(s) Securities-based lending and Other loans Added 4 months to the life of the modified loan(s) Modified during the nine months ended September 30, 2023 1 At September 30, 2023 Term Extension 2 Corporate Added 1 year, 9 months to the life of the modified loan(s) Commercial real estate Added 3 months to the life of the modified loan(s) Residential real estate Added 4 months to the life of the modified loan(s) Securities-based lending and Other loans Added 8 months to the life of the modified loan(s) Combination - Multiple Modification Commercial real estate Added 7 months of Term extension and 6 months of Other-than-insignificant payment delay to the life of the modified loan(s) 1. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. 2. In instances where more than one loan was modified, modification impact is presented on a weighted-average basis. Past Due Status for Loans Held for Investment Modified in the Last 12 months At September 30, 2023 $ in millions 30-89 Days Past Due 90+ days Total Commercial real estate $ 21 $ — $ 21 Residential real estate — 1 1 Total $ 21 $ 1 $ 22 Troubled Debt Restructurings $ in millions At December 31, 2022 Loans, before ACL $ 29 Lending commitments —
Schedule of Allowance for Credit Losses Rollforward - Loans and Lending Commitments	Gross Charge-offs by Origination Year Three Months Ended September 30, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ — $ — $ — $ — $ — $ — 2020 — — — — (1) (1) 2019 — — (39) — — (39) Total $ — $ — $ (39) $ — $ (1) $ (40) Nine Months Ended September 30, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total Revolving $ (30) $ — $ — $ — $ — $ (30) 2020 — — — — (2) (2) 2019 — — (68) — (1) (69) Prior — — (40) — — (40) Total $ (30) $ — $ (108) $ — $ (3) $ (141) Provision for Credit Losses Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Loans $ 123 $ 6 $ 462 $ 137 Lending commitments 11 29 67 56 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 (30) — (108) — (3) (141) Recoveries — — — 1 — 1 Net (charge-offs) recoveries (30) — (108) 1 (3) (140) Provision (release) 44 2 261 22 133 462 Other (1) (1) (2) — — (4) September 30, 2023 $ 248 $ 154 $ 426 $ 110 $ 219 $ 1,157 Percent of loans to total loans 1 4 % 19 % 4 % 29 % 44 % 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) — (21) (31) Recoveries 6 — — 1 — 7 Net recoveries (charge-offs) 6 (3) (7) 1 (21) (24) Provision (release) 46 (2) 35 26 32 137 Other (6) (2) (10) — — (18) September 30, 2022 $ 211 $ 156 $ 224 $ 87 $ 71 $ 749 Percent of loans to total loans 1 3 % 17 % 4 % 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) 29 24 12 — 2 67 Other (1) — (1) — — (2) September 30, 2023 $ 439 $ 75 $ 26 $ 4 $ 25 $ 569 $ 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) 64 7 (6) 1 (10) 56 Other (12) (1) — — — (13) September 30, 2022 $ 408 $ 47 $ 14 $ 2 $ 16 $ 487
Schedule of Selected Credit Ratios	Selected Credit Ratios At At ACL for loans to total HFI loans 0.6 % 0.4 % Nonaccrual HFI loans to total HFI loans 0.3 % 0.3 % ACL for loans to nonaccrual HFI loans 199.1 % 167.1 %
Schedule of Employee Loans	Employee Loans $ in millions At At Currently employed by the Firm 1 $ 4,262 $ 4,023 No longer employed by the Firm 2 98 97 Employee loans $ 4,360 $ 4,120 ACL (130) (139) Employee loans, net of ACL $ 4,230 $ 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)	9 Months Ended
	Sep. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Equity Method Investments $ in millions At At Investments $ 1,775 $ 1,927 Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Income (loss) $ 19 $ 21 $ 105 $ 44
Schedule of Joint Ventures	Japanese Securities Joint Venture Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Income (loss) from investment in MUMSS $ 10 $ 17 $ 102 $ 35

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2023
Deposits [Abstract]
Schedule of Deposits	Deposits $ in millions At At Savings and demand deposits $ 280,008 $ 319,948 Time deposits 65,450 36,698 Total $ 345,458 $ 356,646 Deposits subject to FDIC insurance $ 272,015 $ 260,420 Deposits not subject to FDIC insurance $ 73,443 $ 96,226
Schedule of Time Deposit Maturities	Time Deposit Maturities $ in millions At 2023 $ 13,058 2024 29,378 2025 11,302 2026 4,716 2027 3,372 Thereafter 3,624 Total $ 65,450

Borrowings and Other Secured _2

Borrowings and Other Secured Financings (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Borrowings	Borrowings $ in millions At At Original maturities of one year or less $ 4,350 $ 4,191 Original maturities greater than one year Senior $ 231,047 $ 221,667 Subordinated 11,796 12,200 Total greater than one year $ 242,843 $ 233,867 Total $ 247,193 $ 238,058 Weighted average stated maturity, in years 1 6.5 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 $ 2,391 $ 944 Greater than one year 7,277 7,214 Total $ 9,668 $ 8,158 Transfers of assets accounted for as secured financings $ 3,092 $ 1,119

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments	Commitments Years to Maturity at September 30, 2023 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 16,247 $ 36,269 $ 53,156 $ 2,356 $ 108,028 Secured lending facilities 7,773 5,032 3,662 2,140 18,607 Commercial and Residential real estate 309 112 14 352 787 Securities-based lending and Other 16,229 3,360 395 394 20,378 Forward-starting secured financing receivables 1 73,474 — — — 73,474 Central counterparty 300 — — 14,966 15,266 Underwriting 645 — — — 645 Investment activities 1,777 314 110 284 2,485 Letters of credit and other financial guarantees 145 — — 6 151 Total $ 116,899 $ 45,087 $ 57,337 $ 20,498 $ 239,821 Lending commitments participated to third parties $ 7,408 1. Forward-starting secured financing receivables are generally settled within three business days.
Schedule of Obligations under Guarantee Arrangements	Guarantees At September 30, 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 $ 1,303,613 $ 1,337,393 $ 295,171 $ 713,579 $ (67,659) Standby letters of credit and other financial guarantees issued 2 1,545 1,054 1,100 2,801 (15) Market value guarantees 1 — — — — Liquidity facilities 2,035 — — — (9) Whole loan sales guarantees — 69 17 23,076 — Securitization representations and warranties 3 — — — 80,081 (3) General partner guarantees 381 32 130 33 (87) Client clearing guarantees 77 — — — — 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 $0.8 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. As of September 30, 2023, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $76 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, in some cases, 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. 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. 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Legal expenses $ 18 $ 41 $ 214 $ 387

Variable Interest Entities an_2

Variable Interest Entities and Securitization Activities (Tables)	9 Months Ended
	Sep. 30, 2023
Variable Interest Entities and Securitization Activities [Abstract]
Schedule of Consolidated VIEs	Consolidated VIE Assets and Liabilities by Type of Activity At September 30, 2023 At December 31, 2022 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities MABS 1 $ 526 $ 156 $ 1,153 $ 520 Investment vehicles 2 856 508 638 272 MTOB 406 402 371 322 Other 508 202 519 199 Total $ 2,296 $ 1,268 $ 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 $ 220 $ 142 Trading assets at fair value 1,542 2,066 Investment securities 319 255 Securities purchased under agreements to resell 200 200 Customer and other receivables 13 16 Other assets 2 2 Total $ 2,296 $ 2,681 Liabilities Other secured financings $ 1,133 $ 1,185 Other liabilities and accrued expenses 131 124 Borrowings 4 4 Total $ 1,268 $ 1,313 Noncontrolling interests $ 77 $ 71
Schedule of Non-Consolidated VIEs	Non-consolidated VIEs At September 30, 2023 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 139,804 $ 2,216 $ 2,931 $ 2,751 $ 47,136 Maximum exposure to loss 3 Debt and equity interests $ 20,141 $ 81 $ — $ 1,857 $ 8,692 Derivative and other contracts — — 2,035 — 4,471 Commitments, guarantees and other 2,519 — — — 74 Total $ 22,660 $ 81 $ 2,035 $ 1,857 $ 13,237 Carrying value of variable interests—Assets Debt and equity interests $ 20,141 $ 81 $ — $ 1,640 $ 8,692 Derivative and other contracts — — 2 — 1,641 Total $ 20,141 $ 81 $ 2 $ 1,640 $ 10,333 Additional VIE assets owned 4 $ 15,204 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 11 $ — $ 371 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 September 30, 2023 At December 31, 2022 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 15,852 $ 3,231 $ 20,428 $ 2,570 Commercial mortgages 75,060 8,112 67,540 4,236 U.S. agency collateralized mortgage obligations 40,147 6,296 32,567 4,729 Other consumer or commercial loans 8,745 2,502 3,066 1,569 Total $ 139,804 $ 20,141 $ 123,601 $ 13,104
Schedule of Transferred Assets with Continuing Involvement	Transferred Assets with Continuing Involvement At September 30, 2023 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 3,868 $ 73,138 $ 10,274 $ 11,388 Retained interests Investment grade $ 148 $ 658 $ 360 $ — Non-investment grade 64 769 — 47 Total $ 212 $ 1,427 $ 360 $ 47 Interests purchased in the secondary market 3 Investment grade $ 12 $ 24 $ 11 $ — Non-investment grade — 16 — — Total $ 12 $ 40 $ 11 $ — Derivative assets $ — $ — $ — $ 1,088 Derivative liabilities — — — 347 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 September 30, 2023 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 475 $ — $ 475 Non-investment grade 5 59 64 Total $ 480 $ 59 $ 539 Interests purchased in the secondary market 3 Investment grade $ 46 $ 1 $ 47 Non-investment grade 12 4 16 Total $ 58 $ 5 $ 63 Derivative assets $ 1,088 $ — $ 1,088 Derivative liabilities 347 — 347 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 Nine Months Ended $ in millions 2023 2022 2023 2022 New transactions 1 $ 9,132 $ 5,332 $ 15,257 $ 19,809 Retained interests 115 500 2,767 3,553 Sales of corporate loans to CLO SPEs 1, 2 — 37 — 53 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 $ 49,472 $ 49,059 Fair value Assets sold $ 49,642 $ 47,281 Derivative assets recognized in the balance sheet 529 116 Derivative liabilities recognized in the balance sheet 359 1,893

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	9 Months Ended
	Sep. 30, 2023
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	Capital Buffer Requirements At September 30, 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 September 30, 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 September 30, At December 31, 2022 Risk-based capital Common Equity Tier 1 capital $ 69,148 $ 68,670 Tier 1 capital 77,891 77,191 Total capital 88,573 86,575 Total RWA 443,816 447,849 Common Equity Tier 1 capital ratio 13.3 % 15.6 % 15.3 % Tier 1 capital ratio 14.8 % 17.6 % 17.2 % Total capital ratio 16.8 % 20.0 % 19.3 % $ in millions Required Ratio 1 At September 30, At December 31, 2022 Leverage-based capital Adjusted average assets 2 $ 1,152,379 $ 1,150,772 Tier 1 leverage ratio 4.0 % 6.8 % 6.7 % Supplementary leverage exposure 3 $ 1,416,310 $ 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 September 30, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 21,250 20.9 % $ 20,043 20.5 % Tier 1 capital 8.0 % 8.5 % 21,250 20.9 % 20,043 20.5 % Total capital 10.0 % 10.5 % 22,129 21.7 % 20,694 21.1 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 21,250 10.2 % $ 20,043 10.1 % SLR 6.0 % 3.0 % 21,250 7.9 % 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 September 30, 2023 At December 31, 2022 $ in millions Amount Ratio Amount Ratio Risk-based capital Common Equity Tier 1 capital 6.5 % 7.0 % $ 16,012 26.9 % $ 15,546 27.5 % Tier 1 capital 8.0 % 8.5 % 16,012 26.9 % 15,546 27.5 % Total capital 10.0 % 10.5 % 16,315 27.4 % 15,695 27.8 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 16,012 8.0 % $ 15,546 7.6 % SLR 6.0 % 3.0 % 16,012 7.7 % 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 September 30, At December 31, Net capital $ 18,947 $ 17,224 Excess net capital 14,683 12,861

Total Equity (Tables)

Total Equity (Tables)	9 Months Ended
	Sep. 30, 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 $ 396 $ 17 $ 261 $ 11 C 25 13 25 13 E 445 15 445 15 F 430 15 430 15 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 3 2,226 7 2,650 8 O 266 14 266 14 P 406 16 330 13 Total Preferred stock $ 146 $ 138 Common stock $ 0.850 $ 1,404 $ 0.775 $ 1,329 $ in millions, except per Nine Months Ended Nine Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 1,116 $ 49 $ 756 $ 33 C 75 39 75 39 E 1,336 46 1,336 45 F 1,289 44 1,289 44 I 1,195 48 1,195 48 K 1,097 44 1,097 45 L 914 18 914 18 M 2 59 24 59 24 N 3 6,928 21 5,300 16 O 797 41 797 41 P 1,219 49 330 13 Total Preferred stock $ 423 $ 366 Common stock $ 2.40 $ 4,001 $ 2.175 $ 3,802 1. Common and Preferred Stock dividends are payable quarterly unless otherwise noted. 2. Series M is payable semiannually until September 15, 2026 and thereafter will be payable quarterly. 3. Series N was payable semiannually until March 15, 2023 and thereafter is payable quarterly.
Schedule of Share Repurchases	Share Repurchases Three Months Ended September 30, Nine Months Ended September 30, $ in millions 2023 2022 2023 2022 Repurchases of common stock under the Firm’s Share Repurchase Authorization $ 1,500 $ 2,555 $ 4,000 $ 8,165
Schedule of Common Shares Outstanding for Basic and Diluted EPS	Common Shares Outstanding for Basic and Diluted EPS Three Months Ended Nine Months Ended in millions 2023 2022 2023 2022 Weighted average common shares outstanding, basic 1,624 1,674 1,635 1,704 Effect of dilutive RSUs and PSUs 19 23 18 21 Weighted average common shares outstanding and common stock equivalents, diluted 1,643 1,697 1,653 1,725 Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) — 1 3 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 $ 396 $ 17 $ 261 $ 11 C 25 13 25 13 E 445 15 445 15 F 430 15 430 15 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 3 2,226 7 2,650 8 O 266 14 266 14 P 406 16 330 13 Total Preferred stock $ 146 $ 138 Common stock $ 0.850 $ 1,404 $ 0.775 $ 1,329 $ in millions, except per Nine Months Ended Nine Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 1,116 $ 49 $ 756 $ 33 C 75 39 75 39 E 1,336 46 1,336 45 F 1,289 44 1,289 44 I 1,195 48 1,195 48 K 1,097 44 1,097 45 L 914 18 914 18 M 2 59 24 59 24 N 3 6,928 21 5,300 16 O 797 41 797 41 P 1,219 49 330 13 Total Preferred stock $ 423 $ 366 Common stock $ 2.40 $ 4,001 $ 2.175 $ 3,802 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 June 30, 2023 $ (1,199) $ (3,701) $ (510) $ (873) $ (17) $ (6,300) OCI during the period (120) (366) (1) (412) (3) (902) September 30, 2023 $ (1,319) $ (4,067) $ (511) $ (1,285) $ (20) $ (7,202) June 30, 2022 $ (1,226) $ (3,226) $ (543) $ (26) $ — $ (5,021) OCI during the period (207) (1,307) 5 772 — (737) September 30, 2022 $ (1,433) $ (4,533) $ (538) $ 746 $ — $ (5,758) December 31, 2022 $ (1,204) $ (4,192) $ (508) $ (345) $ (4) $ (6,253) OCI during the period (115) 125 (3) (940) (16) (949) September 30, 2023 $ (1,319) $ (4,067) $ (511) $ (1,285) $ (20) $ (7,202) December 31, 2021 $ (1,002) $ 245 $ (551) $ (1,794) $ — $ (3,102) OCI during the period (431) (4,778) 13 2,540 — (2,656) September 30, 2022 $ (1,433) $ (4,533) $ (538) $ 746 $ — $ (5,758) 1. Amounts are net of tax and noncontrolling interests.
Schedule of Components of Period Changes in OCI	Components of Period Changes in OCI Three Months Ended September 30, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (38) $ (111) $ (149) $ (29) $ (120) Reclassified to earnings — — — — — Net OCI $ (38) $ (111) $ (149) $ (29) $ (120) Change in net unrealized gains (losses) on AFS securities OCI activity $ (464) $ 108 $ (356) $ — $ (356) Reclassified to earnings (14) 4 (10) — (10) Net OCI $ (478) $ 112 $ (366) $ — $ (366) Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings (1) — (1) — (1) Net OCI $ (1) $ — $ (1) $ — $ (1) Change in net DVA OCI activity $ (549) $ 130 $ (419) $ (2) $ (417) Reclassified to earnings 6 (1) 5 — 5 Net OCI $ (543) $ 129 $ (414) $ (2) $ (412) Change in fair value of cash flow hedge derivatives OCI activity $ (12) $ 3 $ (9) $ — $ (9) Reclassified to earnings 6 — 6 — 6 Net OCI $ (6) $ 3 $ (3) $ — $ (3) Three Months Ended September 30, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (85) $ (183) $ (268) $ (61) $ (207) Reclassified to earnings — — — — — Net OCI $ (85) $ (183) $ (268) $ (61) $ (207) Change in net unrealized gains (losses) on AFS securities OCI activity $ (1,698) $ 398 $ (1,300) $ — $ (1,300) Reclassified to earnings (9) 2 (7) — (7) Net OCI $ (1,707) $ 400 $ (1,307) $ — $ (1,307) Pension and other OCI activity $ 1 $ — $ 1 $ — $ 1 Reclassified to earnings 6 (2) 4 — 4 Net OCI $ 7 $ (2) $ 5 $ — $ 5 Change in net DVA OCI activity $ 1,082 $ (266) $ 816 $ 44 $ 772 Reclassified to earnings — — — — — Net OCI $ 1,082 $ (266) $ 816 $ 44 $ 772 Nine Months Ended September 30, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (136) $ (104) $ (240) $ (125) $ (115) Reclassified to earnings — — — — — Net OCI $ (136) $ (104) $ (240) $ (125) $ (115) Change in net unrealized gains (losses) on AFS securities OCI activity $ 208 $ (49) $ 159 $ — $ 159 Reclassified to earnings (45) 11 (34) — (34) Net OCI $ 163 $ (38) $ 125 $ — $ 125 Pension and other OCI activity $ (1) $ — $ (1) $ — $ (1) Reclassified to earnings (2) — (2) — (2) Net OCI $ (3) $ — $ (3) $ — $ (3) Change in net DVA OCI activity $ (1,283) $ 311 $ (972) $ (20) $ (952) Reclassified to earnings 15 (3) 12 — 12 Net OCI $ (1,268) $ 308 $ (960) $ (20) $ (940) Change in fair value of cash flow hedge derivatives OCI activity $ (30) $ 6 $ (24) $ — $ (24) Reclassified to earnings 9 (1) 8 — 8 Net OCI $ (21) $ 5 $ (16) $ — $ (16) Nine Months Ended September 30, 2022 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (279) $ (441) $ (720) $ (230) $ (490) Reclassified to earnings — 59 59 — 59 Net OCI $ (279) $ (382) $ (661) $ (230) $ (431) Change in net unrealized gains (losses) on AFS securities OCI activity $ (6,169) $ 1,445 $ (4,724) $ — $ (4,724) Reclassified to earnings (71) 17 (54) — (54) Net OCI $ (6,240) $ 1,462 $ (4,778) $ — $ (4,778) Pension and other OCI activity $ (1) $ — $ (1) $ — $ (1) Reclassified to earnings 17 (3) 14 — 14 Net OCI $ 16 $ (3) $ 13 $ — $ 13 Change in net DVA OCI activity $ 3,474 $ (845) $ 2,629 $ 88 $ 2,541 Reclassified to earnings (1) — (1) — (1) Net OCI $ 3,473 $ (845) $ 2,628 $ 88 $ 2,540

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2023
Interest Income (Expense), Net [Abstract]
Schedule of Details of Interest Income and Interest Expense	Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Interest income Investment securities $ 1,019 $ 743 $ 2,886 $ 2,261 Loans 3,236 1,910 9,105 4,469 Securities purchased under agreements to resell 1 1,977 664 5,282 870 Securities borrowed 2 1,307 385 3,848 97 Trading assets, net of Trading liabilities 1,334 635 3,171 1,722 Customer receivables and Other 3 4,432 1,764 11,931 2,944 Total interest income $ 13,305 $ 6,101 $ 36,223 $ 12,363 Interest expense Deposits $ 2,271 $ 476 $ 5,793 $ 684 Borrowings 2,992 1,370 8,267 2,990 Securities sold under agreements to repurchase 4 1,897 501 4,567 725 Securities loaned 5 208 135 575 340 Customer payables and Other 6 3,960 1,109 10,688 616 Total interest expense $ 11,328 $ 3,591 $ 29,890 $ 5,355 Net interest $ 1,977 $ 2,510 $ 6,333 $ 7,008 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 September 30, At December 31, Customer and other receivables $ 4,705 $ 4,139 Customer and other payables 4,718 4,273

Segment, Geographic and Reven_2

Segment, Geographic and Revenue Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Selected Financial Information by Business Segment	Selected Financial Information by Business Segment Three Months Ended September 30, 2023 $ in millions IS WM IM I/E Total Investment banking $ 938 $ 126 $ — $ (16) $ 1,048 Trading 3,660 (10) 24 5 3,679 Investments 100 22 22 — 144 Commissions and fees 1 606 562 — (70) 1,098 Asset management 1,2 150 3,629 1,312 (60) 5,031 Other 164 123 10 (1) 296 Total non-interest revenues 5,618 4,452 1,368 (142) 11,296 Interest income 9,790 3,797 37 (319) 13,305 Interest expense 9,739 1,845 69 (325) 11,328 Net interest 51 1,952 (32) 6 1,977 Net revenues $ 5,669 $ 6,404 $ 1,336 $ (136) $ 13,273 Provision for credit losses $ 93 $ 41 $ — $ — $ 134 Compensation and benefits 2,057 3,352 526 — 5,935 Non-compensation expenses 2,320 1,302 569 (132) 4,059 Total non-interest expenses $ 4,377 $ 4,654 $ 1,095 $ (132) $ 9,994 Income before provision for income taxes $ 1,199 $ 1,709 $ 241 $ (4) $ 3,145 Provision for income taxes 263 389 59 (1) 710 Net income 936 1,320 182 (3) 2,435 Net income applicable to noncontrolling interests 24 — 3 — 27 Net income applicable to Morgan Stanley $ 912 $ 1,320 $ 179 $ (3) $ 2,408 Three Months Ended September 30, 2022 $ in millions IS WM IM I/E Total Investment banking $ 1,277 $ 114 $ — $ (18) $ 1,373 Trading 3,330 (41) 32 10 3,331 Investments (73) 18 (113) — (168) Commissions and fees 1 648 543 — (58) 1,133 Asset management 1,2 140 3,389 1,269 (54) 4,744 Other (25) 93 (1) (4) 63 Total non-interest revenues 5,297 4,116 1,187 (124) 10,476 Interest income 3,889 2,626 18 (432) 6,101 Interest expense 3,369 622 37 (437) 3,591 Net interest 520 2,004 (19) 5 2,510 Net revenues $ 5,817 $ 6,120 $ 1,168 $ (119) $ 12,986 Provision for credit losses $ 24 $ 11 $ — $ — $ 35 Compensation and benefits 1,948 3,171 495 — 5,614 Non-compensation expenses 2,219 1,289 557 (116) 3,949 Total non-interest expenses $ 4,167 $ 4,460 $ 1,052 $ (116) $ 9,563 Income before provision for income taxes $ 1,626 $ 1,649 $ 116 $ (3) $ 3,388 Provision for income taxes 305 396 26 (1) 726 Net income 1,321 1,253 90 (2) 2,662 Net income applicable to noncontrolling interests 47 — (17) — 30 Net income applicable to Morgan Stanley $ 1,274 $ 1,253 $ 107 $ (2) $ 2,632 Nine Months Ended September 30, 2023 $ in millions IS WM IM I/E Total Investment banking $ 3,260 $ 339 $ — $ (66) $ 3,533 Trading 11,511 425 (2) 24 11,958 Investments 151 60 173 — 384 Commissions and fees 1 1,925 1,704 — (202) 3,427 Asset management 1,2 448 10,463 3,828 (163) 14,576 Other 669 366 9 (8) 1,036 Total non-interest revenues 17,964 13,357 4,008 (415) 34,914 Interest income 26,364 11,124 95 (1,360) 36,223 Interest expense 26,208 4,858 197 (1,373) 29,890 Net interest 156 6,266 (102) 13 6,333 Net revenues $ 18,120 $ 19,623 $ 3,906 $ (402) $ 41,247 Provision for credit losses $ 379 $ 150 $ — $ — $ 529 Compensation and benefits 6,637 10,332 1,638 — 18,607 Non-compensation expenses 7,036 4,039 1,691 (372) 12,394 Total non-interest expenses $ 13,673 $ 14,371 $ 3,329 $ (372) $ 31,001 Income before provision for income taxes $ 4,068 $ 5,102 $ 577 $ (30) $ 9,717 Provision for income taxes 802 1,098 135 (7) 2,028 Net income 3,266 4,004 442 (23) 7,689 Net income applicable to noncontrolling interests 117 — 2 — 119 Net income applicable to Morgan Stanley $ 3,149 $ 4,004 $ 440 $ (23) $ 7,570 Nine Months Ended September 30, 2022 $ in millions IS WM IM I/E Total Investment banking $ 3,983 $ 354 $ — $ (56) $ 4,281 Trading 11,511 (681) 38 43 10,911 Investments (69) 45 (46) — (70) Commissions and fees 1 2,110 1,869 — (210) 3,769 Asset management 1,2 442 10,525 3,961 (153) 14,775 Other (131) 388 (2) (10) 245 Total non-interest revenues 17,846 12,500 3,951 (386) 33,911 Interest income 6,797 6,208 34 (676) 12,363 Interest expense 5,050 917 71 (683) 5,355 Net interest 1,747 5,291 (37) 7 7,008 Net revenues $ 19,593 $ 17,791 $ 3,914 $ (379) $ 40,919 Provision for credit losses $ 150 $ 43 $ — $ — $ 193 Compensation and benefits 6,602 9,191 1,645 — 17,438 Non-compensation expenses 6,874 3,814 1,676 (371) 11,993 Total non-interest expenses $ 13,476 $ 13,005 $ 3,321 $ (371) $ 29,431 Income before provision for income taxes $ 5,967 $ 4,743 $ 593 $ (8) $ 11,295 Provision for income taxes 1,235 1,028 121 (2) 2,382 Net income 4,732 3,715 472 (6) 8,913 Net income applicable to noncontrolling interests 146 — (26) — 120 Net income applicable to Morgan Stanley $ 4,586 $ 3,715 $ 498 $ (6) $ 8,793 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 Nine Months Ended $ in millions 2023 2022 2023 2022 Institutional Securities Advisory $ 449 $ 693 $ 1,542 $ 2,235 Institutional Securities Underwriting 489 584 1,718 1,748 Firm Investment banking revenues from contracts with customers 94 % 89 % 91 % 89 %
Schedule of Trading Revenues by Product Type	Trading Revenues by Product Type Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Interest rate $ 1,124 $ 1,070 $ 3,701 $ 1,930 Foreign exchange 284 31 672 1,154 Equity 1 2,167 1,872 6,782 5,869 Commodity and other 447 279 1,321 1,288 Credit (343) 79 (518) 670 Total $ 3,679 $ 3,331 $ 11,958 $ 10,911
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 $ 782 $ 819 Investment Management Asset Management Revenues—Reduction of Fees Due to Fee Waivers Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Fee waivers $ 27 $ 28 $ 73 $ 193
Schedule of Other Expenses - Transaction Taxes	Other Expenses—Transaction Taxes Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Transaction taxes $ 222 $ 215 $ 683 $ 701
Schedule of Net Revenues by Region	Net Revenues by Region Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Americas $ 10,268 $ 10,094 $ 31,453 $ 30,220 EMEA 1,479 1,392 4,716 5,381 Asia 1,526 1,500 5,078 5,318 Total $ 13,273 $ 12,986 $ 41,247 $ 40,919
Schedule of Revenue Recognized from Prior Services	Revenues Recognized from Prior Services Three Months Ended Nine Months Ended $ in millions 2023 2022 2023 2022 Non-interest revenues $ 468 $ 788 $ 1,350 $ 2,036
Schedule of Receivables from Contracts with Customers	Receivables from Contracts with Customers $ in millions At At Customer and other receivables $ 2,334 $ 2,577
Schedule of Assets by Business Segment	Assets by Business Segment $ in millions At At Institutional Securities $ 790,180 $ 789,837 Wealth Management 361,490 373,305 Investment Management 17,343 17,089 Total 1 $ 1,169,013 $ 1,180,231

Cash and Cash Equivalents - Sum

Cash and Cash Equivalents - Summary (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and due from banks	$ 7,029	$ 5,409
Interest bearing deposits with banks	101,372	122,718
Total Cash and cash equivalents	108,401	128,127
Restricted cash	$ 28,638	$ 35,380

Fair Values - Assets and Liabil

Fair Values - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets at fair value
Derivative and other contracts	$ 45,391	$ 44,212
Investment securities	134,585	149,303
Total trading assets	346,685	301,315
Investment securities—AFS	76,261	84,297
Securities purchased under agreements to resell	0	8
Liabilities at fair value
Deposits	6,318	4,796
Derivative and other contracts	32,611	38,135
Securities sold under agreements to repurchase	1,002	864
Other secured financings	7,012	4,550
Borrowings	86,556	78,720
State and municipal securities
Assets at fair value
Investment securities—AFS	829	2,627
Recurring
Assets at fair value
Netting	(42,600)	(55,777)
Liabilities at fair value
Netting	(49,114)	(57,107)
Borrowings	86,556	78,720
Recurring | Interest rate
Liabilities at fair value
Borrowings	27,180	26,077
Recurring | Credit
Liabilities at fair value
Borrowings	2,093	1,564
Recurring | Foreign exchange
Liabilities at fair value
Borrowings	1,380	1,417
Recurring | Equity
Liabilities at fair value
Borrowings	43,951	38,945
Recurring | Commodity and other
Liabilities at fair value
Borrowings	11,952	10,717
Recurring | Loans and lending commitments
Assets at fair value
Trading assets	7,985	8,397
Recurring | Total
Assets at fair value
Derivative and other contracts	45,391	44,212
Netting	(331,746)	(325,294)
Investment securities	2,204	2,260
Physical commodities	2,381	2,379
Total trading assets	341,220	295,861
Investment securities—AFS	76,261	84,297
Securities purchased under agreements to resell		8
Total assets at fair value	417,481	380,166
Liabilities at fair value
Deposits	6,318	4,796
Trading liabilities	150,298	154,438
Derivative and other contracts	32,611	38,135
Netting	(338,260)	(326,624)
Securities sold under agreements to repurchase	1,002	864
Other secured financings	7,012	4,550
Borrowings	86,556	78,720
Total liabilities at fair value	251,186	243,368
Recurring | Total | Interest rate
Assets at fair value
Derivative and other contracts	205,650	171,390
Liabilities at fair value
Derivative and other contracts	199,065	165,158
Recurring | Total | Credit
Assets at fair value
Derivative and other contracts	9,919	8,301
Liabilities at fair value
Derivative and other contracts	10,093	8,302
Recurring | Total | Foreign exchange
Assets at fair value
Derivative and other contracts	95,278	115,998
Liabilities at fair value
Derivative and other contracts	87,046	113,589
Recurring | Total | Equity
Assets at fair value
Derivative and other contracts	48,971	43,355
Liabilities at fair value
Derivative and other contracts	58,851	51,331
Recurring | Total | Commodity and other
Assets at fair value
Derivative and other contracts	17,319	30,462
Liabilities at fair value
Derivative and other contracts	15,816	26,379
Recurring | Total | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	22,925	21,004
Recurring | Total | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	33,403	25,926
Recurring | Total | Corporate and other debt
Liabilities at fair value
Trading liabilities	10,029	8,815
Recurring | Total | Corporate equities
Liabilities at fair value
Trading liabilities	51,330	60,558
Recurring | Total | U.S. Treasury and agency securities
Assets at fair value
Trading assets	99,971	80,742
Recurring | Total | Other sovereign government obligations
Assets at fair value
Trading assets	42,576	29,582
Recurring | Total | State and municipal securities
Assets at fair value
Trading assets	1,265	1,648
Recurring | Total | MABS
Assets at fair value
Trading assets	2,035	2,190
Recurring | Total | Loans and lending commitments
Assets at fair value
Trading assets	7,985	8,397
Recurring | Total | Corporate and other debt
Assets at fair value
Trading assets	31,755	25,447
Recurring | Total | Corporate equities
Assets at fair value
Equity securities	105,657	99,004
Recurring | Level 1
Assets at fair value
Derivative and other contracts	3,124	3,299
Netting	(7,953)	(9,618)
Investment securities	624	652
Physical commodities	0	0
Total trading assets	208,384	164,926
Investment securities—AFS	46,572	53,866
Securities purchased under agreements to resell		0
Total assets at fair value	254,956	218,792
Liabilities at fair value
Deposits	0	0
Trading liabilities	107,614	107,379
Derivative and other contracts	2,666	3,370
Netting	(7,953)	(9,618)
Securities sold under agreements to repurchase	0	0
Other secured financings	0	0
Borrowings	0	0
Total liabilities at fair value	107,614	107,379
Recurring | Level 1 | Interest rate
Assets at fair value
Derivative and other contracts	7,172	4,481
Liabilities at fair value
Derivative and other contracts	6,183	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	23	49
Liabilities at fair value
Derivative and other contracts	208	89
Recurring | Level 1 | Equity
Assets at fair value
Derivative and other contracts	1,807	2,778
Liabilities at fair value
Derivative and other contracts	1,667	3,266
Recurring | Level 1 | Commodity and other
Assets at fair value
Derivative and other contracts	2,075	5,609
Liabilities at fair value
Derivative and other contracts	2,561	6,187
Recurring | Level 1 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	22,819	20,776
Recurring | Level 1 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	30,965	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	51,164	59,998
Recurring | Level 1 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	63,418	38,462
Recurring | Level 1 | Other sovereign government obligations
Assets at fair value
Trading assets	36,432	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	104,786	97,869
Recurring | Level 2
Assets at fair value
Derivative and other contracts	81,318	92,536
Netting	(280,170)	(258,821)
Investment securities	646	685
Physical commodities	2,381	2,379
Total trading assets	165,514	176,659
Investment securities—AFS	29,654	30,396
Securities purchased under agreements to resell		8
Total assets at fair value	195,168	207,063
Liabilities at fair value
Deposits	6,302	4,776
Trading liabilities	88,366	100,310
Derivative and other contracts	75,721	88,090
Netting	(280,170)	(258,821)
Securities sold under agreements to repurchase	544	352
Other secured financings	6,914	4,459
Borrowings	85,028	77,133
Total liabilities at fair value	187,154	187,030
Recurring | Level 2 | Interest rate
Assets at fair value
Derivative and other contracts	197,954	166,392
Liabilities at fair value
Derivative and other contracts	192,109	161,044
Recurring | Level 2 | Credit
Assets at fair value
Derivative and other contracts	9,471	7,876
Liabilities at fair value
Derivative and other contracts	9,735	7,987
Recurring | Level 2 | Foreign exchange
Assets at fair value
Derivative and other contracts	95,172	115,766
Liabilities at fair value
Derivative and other contracts	86,626	113,383
Recurring | Level 2 | Equity
Assets at fair value
Derivative and other contracts	46,557	40,171
Liabilities at fair value
Derivative and other contracts	55,795	46,923
Recurring | Level 2 | Commodity and other
Assets at fair value
Derivative and other contracts	12,334	21,152
Liabilities at fair value
Derivative and other contracts	11,626	17,574
Recurring | Level 2 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	106	228
Recurring | Level 2 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	2,435	2,688
Recurring | Level 2 | Corporate and other debt
Liabilities at fair value
Trading liabilities	9,979	8,786
Recurring | Level 2 | Corporate equities
Liabilities at fair value
Trading liabilities	125	518
Recurring | Level 2 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	36,553	42,263
Recurring | Level 2 | Other sovereign government obligations
Assets at fair value
Trading assets	6,050	4,769
Recurring | Level 2 | State and municipal securities
Assets at fair value
Trading assets	1,153	1,503
Recurring | Level 2 | MABS
Assets at fair value
Trading assets	1,499	1,774
Recurring | Level 2 | Loans and lending commitments
Assets at fair value
Trading assets	5,946	6,380
Recurring | Level 2 | Corporate and other debt
Assets at fair value
Trading assets	29,292	23,351
Recurring | Level 2 | Corporate equities
Assets at fair value
Equity securities	676	1,019
Recurring | Level 3
Assets at fair value
Equity securities	195	116
Derivative and other contracts	3,549	4,154
Netting	(1,023)	(1,078)
Investment securities	934	923
Physical commodities	0	0
Total trading assets	9,922	10,053
Investment securities—AFS	35	35
Securities purchased under agreements to resell		0
Total assets at fair value	9,957	10,088
Liabilities at fair value
Deposits	16	20
Trading liabilities	3,432	3,856
Derivative and other contracts	3,338	3,782
Netting	(1,023)	(1,078)
Securities sold under agreements to repurchase	458	512
Other secured financings	98	91
Borrowings	1,528	1,587
Total liabilities at fair value	5,532	6,066
Recurring | Level 3 | Interest rate
Assets at fair value
Derivative and other contracts	524	517
Liabilities at fair value
Derivative and other contracts	773	668
Recurring | Level 3 | Credit
Assets at fair value
Derivative and other contracts	448	425
Liabilities at fair value
Derivative and other contracts	358	315
Recurring | Level 3 | Foreign exchange
Assets at fair value
Derivative and other contracts	83	183
Liabilities at fair value
Derivative and other contracts	212	117
Recurring | Level 3 | Equity
Assets at fair value
Derivative and other contracts	607	406
Liabilities at fair value
Derivative and other contracts	1,389	1,142
Recurring | Level 3 | Commodity and other
Assets at fair value
Derivative and other contracts	2,910	3,701
Liabilities at fair value
Derivative and other contracts	1,629	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	3	3
Recurring | Level 3 | Corporate and other debt
Liabilities at fair value
Trading liabilities	50	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	0	17
Recurring | Level 3 | Other sovereign government obligations
Assets at fair value
Trading assets	94	169
Recurring | Level 3 | State and municipal securities
Assets at fair value
Trading assets	112	145
Recurring | Level 3 | MABS
Assets at fair value
Trading assets	536	416
Recurring | Level 3 | Loans and lending commitments
Assets at fair value
Trading assets	2,039	2,017
Recurring | Level 3 | Corporate and other debt
Assets at fair value
Trading assets	2,463	2,096
Recurring | Level 3 | Corporate equities
Assets at fair value
Equity securities	$ 195	$ 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	Sep. 30, 2023	Dec. 31, 2022
Fair Value Measurements
Trading assets	$ 7,985	$ 8,397
Secured lending facilities
Fair Value Measurements
Trading assets	0	6
Commercial real estate
Fair Value Measurements
Trading assets	584	528
Residential real estate
Fair Value Measurements
Trading assets	2,555	2,020
Securities-based lending and Other loans
Fair Value Measurements
Trading assets	$ 4,846	$ 5,843

Fair Values - Detail of Unsettl

Fair Values - Detail of Unsettled Fair Value of Futures Contracts (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Futures Contracts | Customer and other receivables (payables), net | Recurring
Fair Value Measurements
Derivative assets, unsettled fair value	$ 1,062	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Liabilities at Fair Value
Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA	$ (4)	$ (36)	$ 10	$ (126)
Deposits
Liabilities at Fair Value
Beginning balance	36	19	20	67
Realized and unrealized losses (gains)	(1)	0	(1)	0
Issuances	6	2	26	2
Settlements	0	(1)	0	(3)
Net transfers	(25)	(13)	(29)	(59)
Ending balance	16	7	16	7
Unrealized losses (gains)	(1)	0	(1)	0
Nonderivative trading liabilities
Liabilities at Fair Value
Beginning balance	89	104	74	61
Realized and unrealized losses (gains)	(4)	(8)	(12)	(41)
Purchases	(29)	(20)	(49)	(39)
Net transfers	15	(2)	4	21
Sales	23	16	77	88
Ending balance	94	90	94	90
Unrealized losses (gains)	(2)	(8)	(11)	(41)
Securities sold under agreements to repurchase
Liabilities at Fair Value
Beginning balance	454	514	512	651
Realized and unrealized losses (gains)	4	5	11	(3)
Issuances	0	0	1	9
Settlements	0	(11)	(9)	(22)
Net transfers	0	0	(57)	(127)
Ending balance	458	508	458	508
Unrealized losses (gains)	4	5	11	0
Other secured financings
Liabilities at Fair Value
Beginning balance	90	112	91	403
Realized and unrealized losses (gains)	(1)	(5)	2	(11)
Issuances	15	13	59	44
Settlements	(6)	(7)	(54)	(320)
Net transfers	0	0	0	(3)
Ending balance	98	113	98	113
Unrealized losses (gains)	(1)	(5)	2	(11)
Borrowings
Liabilities at Fair Value
Beginning balance	1,787	2,325	1,587	2,157
Realized and unrealized losses (gains)	18	(185)	83	(625)
Issuances	342	65	626	230
Settlements	(182)	(65)	(355)	(263)
Net transfers	(437)	(203)	(413)	438
Ending balance	1,528	1,937	1,528	1,937
Unrealized losses (gains)	18	(185)	48	(629)
Net derivatives: Interest rate
Assets at Fair value
Beginning balance	49	(102)	(151)	708
Realized and unrealized gains (losses)	49	(200)	(318)	(482)
Purchases	26	0	57	0
Net transfers	(256)	3	(103)	(365)
Settlements	(110)	122	329	(38)
Issuances	(7)	0	(63)	0
Ending balance	(249)	(177)	(249)	(177)
Unrealized gains (losses)	7	(120)	(94)	(201)
Net derivatives: Credit
Assets at Fair value
Beginning balance	96	190	110	98
Realized and unrealized gains (losses)	9	3	(12)	91
Purchases	0	0	0	3
Net transfers	(8)	7	(1)	(10)
Settlements	(7)	(78)	(7)	(59)
Issuances	0	0	0	(1)
Ending balance	90	122	90	122
Unrealized gains (losses)	8	7	4	83
Net derivatives: Foreign exchange
Assets at Fair value
Beginning balance	28	(331)	66	52
Realized and unrealized gains (losses)	(13)	38	(53)	(18)
Net transfers	(160)	395	(74)	94
Settlements	16	73	(68)	47
Ending balance	(129)	175	(129)	175
Unrealized gains (losses)	(16)	44	(51)	18
Net derivatives: Equity
Assets at Fair value
Beginning balance	(775)	(530)	(736)	(945)
Realized and unrealized gains (losses)	195	1	192	275
Purchases	38	48	157	167
Net transfers	(326)	49	(132)	(79)
Settlements	252	68	229	379
Issuances	(166)	(92)	(492)	(253)
Ending balance	(782)	(456)	(782)	(456)
Unrealized gains (losses)	160	(3)	93	399
Net derivatives: Commodity and other
Assets at Fair value
Beginning balance	1,416	1,344	1,083	1,529
Realized and unrealized gains (losses)	(7)	238	549	546
Purchases	7	2	70	107
Net transfers	(34)	155	(28)	(37)
Settlements	(92)	69	(313)	(247)
Issuances	(9)	(7)	(80)	(97)
Ending balance	1,281	1,801	1,281	1,801
Unrealized gains (losses)	(142)	72	216	25
U.S. Treasury and agency securities
Assets at Fair value
Beginning balance	0	9	17	2
Realized and unrealized gains (losses)	0	0	0	(1)
Purchases	0	1	0	2
Sales	0	(4)	(10)	(7)
Net transfers	0	(5)	(7)	5
Ending balance	0	1	0	1
Unrealized gains (losses)	0	0	0	(1)
Other sovereign government obligations
Assets at Fair value
Beginning balance	128	161	169	211
Realized and unrealized gains (losses)	0	23	6	(24)
Purchases	17	43	18	69
Sales	(30)	(57)	(112)	(60)
Net transfers	(21)	(33)	13	(59)
Ending balance	94	137	94	137
Unrealized gains (losses)	1	23	1	(22)
State and municipal securities
Assets at Fair value
Beginning balance	40	29	145	13
Realized and unrealized gains (losses)	(3)	(1)	(2)	(2)
Purchases	147	4	255	54
Sales	(20)	0	(218)	0
Net transfers	(52)	20	(68)	(13)
Ending balance	112	52	112	52
Unrealized gains (losses)	(3)	(3)	(3)	(2)
MABS
Assets at Fair value
Beginning balance	486	339	416	344
Realized and unrealized gains (losses)	(1)	8	13	(366)
Purchases	88	3	149	448
Sales	(33)	(33)	(79)	(116)
Net transfers	(4)	27	(13)	34
Settlements	0	0	50	0
Ending balance	536	344	536	344
Unrealized gains (losses)	4	9	5	(12)
Loans and lending commitments
Assets at Fair value
Beginning balance	2,400	2,507	2,017	3,806
Realized and unrealized gains (losses)	(6)	(26)	(91)	8
Sales	(539)	(353)	(686)	(801)
Net transfers	(147)	58	(53)	(612)
Settlements	(666)	(144)	(717)	(618)
Purchases and originations	997	541	1,569	800
Ending balance	2,039	2,583	2,039	2,583
Unrealized gains (losses)	(6)	(27)	(91)	0
Corporate and other debt
Assets at Fair value
Beginning balance	2,223	2,113	2,096	1,973
Realized and unrealized gains (losses)	108	(43)	231	446
Sales	(465)	(528)	(618)	(1,400)
Net transfers	257	254	199	153
Settlements	(6)	(30)	(6)	(26)
Purchases and originations	346	132	561	752
Ending balance	2,463	1,898	2,463	1,898
Unrealized gains (losses)	113	(42)	239	454
Corporate equities
Assets at Fair value
Beginning balance	166	246	116	115
Realized and unrealized gains (losses)	(29)	(60)	(64)	(71)
Purchases	32	15	101	79
Sales	(34)	(37)	(38)	(67)
Net transfers	60	(19)	80	89
Ending balance	195	145	195	145
Unrealized gains (losses)	(25)	(60)	(36)	(65)
Investments
Assets at Fair value
Beginning balance	968	1,027	923	1,125
Realized and unrealized gains (losses)	17	(140)	24	(275)
Purchases	6	6	153	52
Sales	(76)	(18)	(183)	(33)
Net transfers	19	(2)	17	4
Ending balance	934	873	934	873
Unrealized gains (losses)	19	(136)	17	(267)
Investment securities—AFS
Assets at Fair value
Beginning balance	0	38	35	0
Realized and unrealized gains (losses)	(5)	(2)	(4)	(2)
Net transfers	40	0	4	38
Ending balance	35	36	35	36
Unrealized gains (losses)	$ (5)	$ (2)	$ (4)	$ (2)

Fair Values - Valuation Techniq

Fair Values - Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements (Details) $ in Millions	Sep. 30, 2023 USD ($) $ / MWh	Dec. 31, 2022 USD ($) $ / MWh
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 45,391	$ 44,212
Securities sold under agreements to repurchase	1,002	864
Other secured financings	9,668	8,158
Borrowings	86,556	78,720
Recurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings	86,556	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	7,985	8,397
Nonrecurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	8,935	10,803
Level 3 | Recurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Corporate equities	195	116
Investments	934	923
Derivative assets	3,549	4,154
Securities sold under agreements to repurchase	458	512
Other secured financings	98	91
Borrowings	$ 1,528	$ 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 | Market Approach | EBITDA Multiple
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	21
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	$ 94	$ 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	112	145
Level 3 | Recurring | MABS
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	536	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	2,039	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	2,463	2,096
Level 3 | Recurring | Interest rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	(249)	(151)
Level 3 | Recurring | Credit
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 90	$ 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	$ (129)	$ 66
Level 3 | Recurring | Equity
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	(782)	(736)
Level 3 | Recurring | Commodity and other
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 1,281	$ 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	0.0015	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	9	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	0.0022	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		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	0.51
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	(0.03)	(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	0.50	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	(0.52)	(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	0.90	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	0.91	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	0.30	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	0.62	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	0.51	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
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	(0.03)	(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	(0.02)	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	(0.02)	(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	0.09	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	0.13	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	0.12	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	0.57	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	0.0100	1.01
Loans, measurement input value	0.0098	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	0.18	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	0.0141	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
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	0.71	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	0.88
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	0.35	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	1.11	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	1.04	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	0.90	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	1.02	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	1.36	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	1.18	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	0.97	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	0.01
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		0.05
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	0.0090	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	0.0464	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	0.10	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	0.08	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	0.97	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	0.97	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	0.40	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	208	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	1.45	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	0.0081	0.75
Loans, measurement input value	0.0070	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	0.87	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	0.0077	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
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	0.18	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	0.77	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	(0.29)	(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	0.86	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	1	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	0.65	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	0.82	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	0.0048	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	0.0108	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	0.0057	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	0.21	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	(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	0.58	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	(0.27)	(0.26)
Level 3 | Recurring | Weighted 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	0.15
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	49	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	0.33	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	0.94	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	0.71
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	0.75	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	0.82	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	0.44	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		0.05
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	0.03	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		0.14
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	0.71
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	0.05	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	0.77	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	0.38	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
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	0.01	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	$ 5,224	$ 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	0.0120	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	0.0120	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	0.1215	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	0.0298	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	0.0794	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	0.0237	0.0245

Fair Values - Fund Interests Me

Fair Values - Fund Interests Measured Based on Net Asset Value (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Measured Based on Net Asset Value
Carrying Value	$ 5,465	$ 5,454
Commitment	994	880
Private equity
Measured Based on Net Asset Value
Carrying Value	2,587	2,622
Commitment	747	638
Real estate
Measured Based on Net Asset Value
Carrying Value	2,804	2,642
Commitment	244	239
Hedge
Measured Based on Net Asset Value
Carrying Value	74	190
Commitment	$ 3	$ 3

Fair Values - Nonredeemable Fun

Fair Values - Nonredeemable Funds by Contractual Maturity (Details) $ in Millions	Sep. 30, 2023 USD ($)
Private equity
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	$ 1,338
5-10 years	1,172
Over 10 years	77
Total	2,587
Real estate
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	979
5-10 years	1,771
Over 10 years	54
Total	$ 2,804

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Assets at fair value
Loans	$ 8,935		$ 8,935		$ 10,803
Other assets—Other investments					7
Other assets—ROU assets					4
Total	8,935		8,935		10,814
Liabilities
Other liabilities and accrued expenses—Lending commitments	234		234		428
Total	234		234		428
Assets
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(32)	$ (122)	(129)	$ (383)
Loans
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(35)	(118)	(117)	(365)
Other assets—Other investments
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	5	(2)	4	(8)
Other assets - Premises, equipement and software
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(2)	(1)	(6)	(3)
Other assets - ROU assets
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	0	(1)	(10)	(7)
Liabilities
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	7	(13)	38	(172)
Other liabilities and accrued expenses—Lending commitments
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	7	$ (13)	38	$ (172)
Level 2
Assets at fair value
Loans	3,711		3,711		4,193
Other assets—Other investments					0
Other assets—ROU assets					4
Total	3,711		3,711		4,197
Liabilities
Other liabilities and accrued expenses—Lending commitments	156		156		275
Total	156		156		275
Level 3
Assets at fair value
Loans	5,224		5,224		6,610
Other assets—Other investments					7
Other assets—ROU assets					0
Total	5,224		5,224		6,617
Liabilities
Other liabilities and accrued expenses—Lending commitments	78		78		153
Total	$ 78		$ 78		$ 153

Fair Values - Financial Instrum

Fair Values - Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Financial assets
Securities borrowed	$ 120,916	$ 133,374
Customer and other receivables	76,495	78,540
Loans	202,742	198,997
Financial liabilities
Deposits	345,458	356,646
Securities sold under agreements to repurchase	76,661	62,534
Securities loaned	13,064	15,679
Other secured financings	9,668	8,158
Customer and other payables	200,479	216,134
Borrowings	247,193	238,058
Carrying Value
Financial assets
Cash and cash equivalents	108,401	128,127
Investment securities—HTM	70,705	75,634
Securities purchased under agreements to resell	101,569	113,899
Securities borrowed	120,916	133,374
Customer and other receivables	71,146	73,248
Loans	216,972	213,785
Other assets	704	704
Financial liabilities
Deposits	339,140	351,850
Securities sold under agreements to repurchase	75,659	61,670
Securities loaned	13,064	15,679
Other secured financings	2,656	3,608
Customer and other payables	200,415	216,018
Borrowings	160,637	159,338
Additional Disclosures
Lending commitments	147,201	136,241
Fair Value
Financial assets
Cash and cash equivalents	108,401	128,127
Investment securities—HTM	58,324	65,006
Securities purchased under agreements to resell	101,563	113,869
Securities borrowed	120,916	133,370
Customer and other receivables	70,816	72,932
Loans	208,097	205,714
Other assets	704	704
Financial liabilities
Deposits	338,677	351,721
Securities sold under agreements to repurchase	75,638	61,620
Securities loaned	13,059	15,673
Other secured financings	2,656	3,608
Customer and other payables	200,415	216,018
Borrowings	160,143	157,784
Additional Disclosures
Lending commitments	2,258	2,866
Fair Value | Level 1
Financial assets
Cash and cash equivalents	108,401	128,127
Investment securities—HTM	24,323	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	32,964	37,218
Securities purchased under agreements to resell	99,208	111,188
Securities borrowed	120,916	133,370
Customer and other receivables	66,917	69,268
Loans	27,399	24,153
Other assets	704	704
Financial liabilities
Deposits	338,677	351,721
Securities sold under agreements to repurchase	75,638	61,620
Securities loaned	13,059	15,673
Other secured financings	2,656	3,608
Customer and other payables	200,415	216,018
Borrowings	160,139	157,780
Additional Disclosures
Lending commitments	1,509	1,789
Fair Value | Level 3
Financial assets
Cash and cash equivalents	0	0
Investment securities—HTM	1,037	1,034
Securities purchased under agreements to resell	2,355	2,681
Securities borrowed	0	0
Customer and other receivables	3,899	3,664
Loans	180,698	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	$ 749	$ 1,077

Fair Value Option - Borrowings

Fair Value Option - Borrowings Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value Measurements
Borrowings at fair value	$ 86,556	$ 78,720
Recurring
Fair Value Measurements
Borrowings at fair value	86,556	78,720
Recurring | Equity
Fair Value Measurements
Borrowings at fair value	43,951	38,945
Recurring | Interest rates
Fair Value Measurements
Borrowings at fair value	27,180	26,077
Recurring | Commodities
Fair Value Measurements
Borrowings at fair value	11,952	10,717
Recurring | Credit
Fair Value Measurements
Borrowings at fair value	2,093	1,564
Recurring | Foreign exchange
Fair Value Measurements
Borrowings at fair value	$ 1,380	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fair Value Option Quantitative Disclosures
Net revenues	$ 3,355	$ 3,967	$ (1,763)	$ 16,158
Trading revenues
Fair Value Option Quantitative Disclosures
Net revenues	3,479	4,034	(1,412)	16,361
Interest expense
Fair Value Option Quantitative Disclosures
Net revenues	$ 124	$ 67	$ 351	$ 203

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Fair Value disclosure
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$ (1,725)		$ (1,725)		$ (457)
Loans and other receivables | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(8)	$ (68)	(112)	$ (59)
Loans and other receivables | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0	0	0
Lending commitments | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	(2)	11	(3)
Lending commitments | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0	0	0
Deposits | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0	0	0
Deposits | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	4	(9)	21	5
Borrowings | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(6)	0	(15)	1
Borrowings | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	$ (547)	$ 1,091	$ (1,289)	$ 3,468

Fair Value Option - Difference

Fair Value Option - Difference Between Contractual Principal and Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Loans and other receivables	$ 10,707	$ 11,916
Nonaccrual loans	8,162	9,128
Borrowings	$ 5,564	$ 5,203

Fair Value Option - Fair Value

Fair Value Option - Fair Value Loans on Nonaccrual Status (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Nonaccrual loans	$ 410	$ 585
Nonaccrual loans 90 or more days past due	$ 49	$ 116

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Fair Values of Derivative Contracts (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative Assets
Total gross derivatives	$ 377,137	$ 369,506
Counterparty netting	(289,721)	(279,235)
Cash collateral netting	(42,025)	(46,059)
Total in Trading assets	45,391	44,212
Financial instruments collateral	(23,943)	(19,406)
Net amounts	21,448	24,806
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	3,487	4,318
Derivative Liabilities
Total gross derivatives	370,871	364,759
Counterparty netting	(289,721)	(279,235)
Cash collateral netting	(48,539)	(47,389)
Total in Trading liabilities	32,611	38,135
Cash collateral netting	(4,611)	(3,684)
Net amounts	28,000	34,451
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	4,581	6,430
Designated as accounting hedges
Derivative Assets
Total gross derivatives	351	122
Derivative Liabilities
Total gross derivatives	588	1,112
Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	43	63
Derivative Liabilities
Total gross derivatives	565	461
Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	308	59
Derivative Liabilities
Total gross derivatives	23	651
Not designated as accounting hedges
Derivative Assets
Total gross derivatives	376,786	369,384
Derivative Liabilities
Total gross derivatives	370,283	363,647
Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	49	61
Derivative Liabilities
Total gross derivatives	605	377
Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	205,607	171,327
Derivative Liabilities
Total gross derivatives	198,500	164,697
Other derivatives | Credit
Derivative Assets
Total gross derivatives	9,870	8,240
Derivative Liabilities
Total gross derivatives	9,488	7,925
Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	94,970	115,939
Derivative Liabilities
Total gross derivatives	87,023	112,938
Other derivatives | Equity
Derivative Assets
Total gross derivatives	48,971	43,355
Derivative Liabilities
Total gross derivatives	58,851	51,331
Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	17,319	30,462
Derivative Liabilities
Total gross derivatives	15,816	26,379
Bilateral OTC
Derivative Assets
Total gross derivatives	278,293	301,601
Counterparty netting	(194,644)	(214,773)
Cash collateral netting	(40,734)	(44,711)
Total in Trading assets	42,915	42,117
Financial instruments collateral	(23,943)	(19,406)
Net amounts	18,972	22,711
Derivative Liabilities
Total gross derivatives	267,378	295,303
Counterparty netting	(194,644)	(214,773)
Cash collateral netting	(43,675)	(45,884)
Total in Trading liabilities	29,059	34,646
Cash collateral netting	(4,049)	(2,545)
Net amounts	25,010	32,101
Bilateral OTC | Designated as accounting hedges
Derivative Assets
Total gross derivatives	286	77
Derivative Liabilities
Total gross derivatives	580	1,007
Bilateral OTC | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	43	62
Derivative Liabilities
Total gross derivatives	564	457
Bilateral OTC | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	243	15
Derivative Liabilities
Total gross derivatives	16	550
Bilateral OTC | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	278,007	301,524
Derivative Liabilities
Total gross derivatives	266,798	294,296
Bilateral OTC | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	2	2
Derivative Liabilities
Total gross derivatives	24	9
Bilateral OTC | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	146,995	141,291
Derivative Liabilities
Total gross derivatives	137,420	135,661
Bilateral OTC | Other derivatives | Credit
Derivative Assets
Total gross derivatives	6,409	5,888
Derivative Liabilities
Total gross derivatives	6,187	5,535
Bilateral OTC | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	92,515	113,540
Derivative Liabilities
Total gross derivatives	84,080	110,322
Bilateral OTC | Other derivatives | Equity
Derivative Assets
Total gross derivatives	17,550	16,505
Derivative Liabilities
Total gross derivatives	26,669	23,138
Bilateral OTC | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	14,536	24,298
Derivative Liabilities
Total gross derivatives	12,418	19,631
Cleared OTC
Derivative Assets
Total gross derivatives	63,693	33,800
Counterparty netting	(61,670)	(32,250)
Cash collateral netting	(1,291)	(1,348)
Total in Trading assets	732	202
Financial instruments collateral	0	0
Net amounts	732	202
Derivative Liabilities
Total gross derivatives	66,756	33,956
Counterparty netting	(61,670)	(32,250)
Cash collateral netting	(4,864)	(1,505)
Total in Trading liabilities	222	201
Cash collateral netting	0	0
Net amounts	222	201
Cleared OTC | Designated as accounting hedges
Derivative Assets
Total gross derivatives	65	45
Derivative Liabilities
Total gross derivatives	8	105
Cleared OTC | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	0	1
Derivative Liabilities
Total gross derivatives	1	4
Cleared OTC | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	65	44
Derivative Liabilities
Total gross derivatives	7	101
Cleared OTC | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	63,628	33,755
Derivative Liabilities
Total gross derivatives	66,748	33,851
Cleared OTC | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	47	59
Derivative Liabilities
Total gross derivatives	581	368
Cleared OTC | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	57,701	29,007
Derivative Liabilities
Total gross derivatives	60,141	28,581
Cleared OTC | Other derivatives | Credit
Derivative Assets
Total gross derivatives	3,461	2,352
Derivative Liabilities
Total gross derivatives	3,301	2,390
Cleared OTC | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	2,419	2,337
Derivative Liabilities
Total gross derivatives	2,725	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	35,151	34,105
Counterparty netting	(33,407)	(32,212)
Cash collateral netting	0	0
Total in Trading assets	1,744	1,893
Financial instruments collateral	0	0
Net amounts	1,744	1,893
Derivative Liabilities
Total gross derivatives	36,737	35,500
Counterparty netting	(33,407)	(32,212)
Cash collateral netting	0	0
Total in Trading liabilities	3,330	3,288
Cash collateral netting	(562)	(1,139)
Net amounts	2,768	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	35,151	34,105
Derivative Liabilities
Total gross derivatives	36,737	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	911	1,029
Derivative Liabilities
Total gross derivatives	939	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	36	62
Derivative Liabilities
Total gross derivatives	218	104
Exchange- Traded | Other derivatives | Equity
Derivative Assets
Total gross derivatives	31,421	26,850
Derivative Liabilities
Total gross derivatives	32,182	28,193
Exchange- Traded | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	2,783	6,164
Derivative Liabilities
Total gross derivatives	$ 3,398	$ 6,748

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Notionals of Derivative Contracts (Details) - USD ($) $ in Billions	Sep. 30, 2023	Dec. 31, 2022
Derivatives, Notional Amount
Derivative assets	$ 18,101	$ 16,682
Derivative liabilities	18,305	17,131
Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	82	68
Derivative liabilities	200	204
Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	67	64
Derivative liabilities	197	190
Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	15	4
Derivative liabilities	3	14
Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	18,019	16,614
Derivative liabilities	18,105	16,927
Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	1	3
Derivative liabilities	21	15
Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	12,822	11,627
Derivative liabilities	12,714	11,694
Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	376	320
Derivative liabilities	382	324
Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,614	3,618
Derivative liabilities	3,582	3,674
Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	996	846
Derivative liabilities	1,217	1,040
Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	210	200
Derivative liabilities	189	180
Bilateral OTC
Derivatives, Notional Amount
Derivative assets	8,274	7,704
Derivative liabilities	8,438	7,755
Bilateral OTC | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	12	4
Derivative liabilities	4	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	12	2
Derivative liabilities	2	12
Bilateral OTC | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	8,262	7,700
Derivative liabilities	8,434	7,740
Bilateral OTC | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	1	0
Bilateral OTC | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	3,943	3,404
Derivative liabilities	4,123	3,436
Bilateral OTC | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	209	190
Derivative liabilities	221	199
Bilateral OTC | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,413	3,477
Derivative liabilities	3,387	3,516
Bilateral OTC | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	559	488
Derivative liabilities	596	488
Bilateral OTC | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	138	141
Derivative liabilities	106	101
Cleared OTC
Derivatives, Notional Amount
Derivative assets	8,748	7,932
Derivative liabilities	8,669	8,213
Cleared OTC | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	70	64
Derivative liabilities	196	189
Cleared OTC | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	67	62
Derivative liabilities	195	187
Cleared OTC | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3	2
Derivative liabilities	1	2
Cleared OTC | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	8,678	7,868
Derivative liabilities	8,473	8,024
Cleared OTC | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	1	3
Derivative liabilities	20	15
Cleared OTC | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	8,316	7,609
Derivative liabilities	8,125	7,761
Cleared OTC | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	167	130
Derivative liabilities	161	125
Cleared OTC | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	194	126
Derivative liabilities	167	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	1,079	1,046
Derivative liabilities	1,198	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	1,079	1,046
Derivative liabilities	1,198	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	563	614
Derivative liabilities	466	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	7	15
Derivative liabilities	28	35
Exchange- Traded | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	437	358
Derivative liabilities	621	552
Exchange- Traded | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	72	59
Derivative liabilities	$ 83	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Cash flow hedges - Interest rate contracts
Recognized in OCI	$ (12)	$ 0	$ (30)	$ 0
Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income	(6)	0	(9)	0
Net change in cash flow hedges included within AOCI	(6)	0	(21)	0
Cash flow hedges expected to be reclassified from AOCI			$ (25)
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	33,348		$ 33,348		$ 34,073
Basis adjustments included in carrying amount	(1,800)		(1,800)		(1,628)
Deposits
Fair Value Hedges - Hedged Items
Amortized cost basis currently/ carrying amount currently or previously hedged	10,278		10,278		3,735
Basis adjustments included in carrying amount	(88)		(88)		(119)
Borrowings
Borrowings
Carrying amount currently or previously hedged	147,076		147,076		146,025
Basis adjustments included in carrying amount—Outstanding hedges	(15,567)		(15,567)		(12,748)
Basis adjustments included in carrying amount—Terminated hedges	(677)		(677)		$ (715)
Fair Value Hedges | Interest Income | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	259	846	457	2,037
Fair Value Hedges | Interest Income | Investment securities—AFS
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(239)	(836)	(423)	(1,960)
Fair Value Hedges | Interest expense | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(2,742)	(5,379)	(2,806)	(15,629)
Fair Value Hedges | Interest expense | Deposits
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(15)	25	(31)	143
Fair Value Hedges | Interest expense | Borrowings
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	2,781	5,372	2,856	15,499
Net Investment Hedges | Foreign exchange
Net investment hedges—Foreign exchange contracts
Recognized in OCI	375	662	381	1,436
Forward points excluded from hedge effectiveness testing—Recognized in Interest income	$ 60	$ 18	$ 166	$ (59)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Economic Loan Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Credit | Economic hedges of loans
Derivative [Line Items]
Gain (loss) on derivative recognized in other revenues	$ (104)	$ (44)	$ (330)	$ 160

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Net Derivative Liabilities and Collateral Posted (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net derivative liabilities with credit risk-related contingent features	$ 19,204	$ 20,287
Collateral posted	$ 13,338	$ 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	Sep. 30, 2023 USD ($)
Bilateral Downgrade Agreement
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 811
One-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	562
Two-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 375

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	Sep. 30, 2023	Dec. 31, 2022
Credit Derivatives
Maximum potential payout/notional	$ 380	$ 323
CDS
Credit Derivatives
Maximum potential payout/notional	377	323
CDS protection sold with identical protection purchased	312	262
Single-name CDS
Credit Derivatives
Maximum potential payout/notional	145	115
Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	99	79
Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	46	36
Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	232	208
Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	93	56
Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	139	152
Other credit contracts
Credit Derivatives
Maximum potential payout/notional	3	0
Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	34	28
Less Than 1 (Year) | CDS
Credit Derivatives
Maximum potential payout/notional	34	28
Less Than 1 (Year) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	23	17
Less Than 1 (Year) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	16	12
Less Than 1 (Year) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	7	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	72	72
1 - 3 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	72	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	29	30
1 - 3 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	18	13
1 - 3 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	11	17
1 - 3 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	195	190
3 - 5 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	195	190
3 - 5 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	59	45
3 - 5 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	39	29
3 - 5 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	20	16
3 - 5 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	136	145
3 - 5 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	51	37
3 - 5 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	85	108
3 - 5 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	79	33
Over 5 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	76	33
Over 5 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	20	11
Over 5 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	14	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	56	22
Over 5 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	21	3
Over 5 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	35	19
Over 5 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	$ 3	$ 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	Sep. 30, 2023	Dec. 31, 2022
Credit Derivatives
Fair Value Asset (Liability)	$ 862	$ (1,000)
CDS
Credit Derivatives
Fair Value Asset (Liability)	684	(999)
Single-name CDS
Credit Derivatives
Fair Value Asset (Liability)	1,244	(46)
Single-name CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	1,472	762
Single-name CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	(228)	(808)
Index and basket CDS
Credit Derivatives
Fair Value Asset (Liability)	(560)	(953)
Index and basket CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	1,295	859
Index and basket CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	(1,855)	(1,812)
Other credit contracts
Credit Derivatives
Fair Value Asset (Liability)	$ 178	$ (1)

Derivative Instruments and H_11

Derivative Instruments and Hedging Activities - Protection Purchased with CDS (Details) - Protection Purchased - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Credit Derivatives
Notional	$ 401,000	$ 339,000
CDS
Credit Derivatives
Fair Value Asset (Liability)	(1,011)	998
Single name
Credit Derivatives
Notional	172,000	140,000
Fair Value Asset (Liability)	(1,553)	(33)
Index and basket
Credit Derivatives
Notional	197,000	173,000
Fair Value Asset (Liability)	1,023	1,248
Tranched index and basket
Credit Derivatives
Notional	32,000	26,000
Fair Value Asset (Liability)	$ (481)	$ (217)

Investment Securities - AFS and

Investment Securities - AFS and HTM Securities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
AFS securities
Amortized cost	$ 81,573	$ 89,772
Gross Unrealized Gains	59	89
Gross Unrealized Losses	5,371	5,564
Fair Value	76,261	84,297
HTM securities
Amortized Cost	70,705	75,634
Gross Unrealized Gains	0	0
Gross Unrealized Losses	12,381	10,628
Fair Value	58,324	65,006
Amortized cost	152,278	165,406
Gross Unrealized Gains	59	89
Gross Unrealized Losses	17,752	16,192
Fair Value	134,585	149,303
U.S. Treasury securities
AFS securities
Amortized cost	47,939	56,103
Gross Unrealized Gains	27	17
Gross Unrealized Losses	1,394	2,254
Fair Value	46,572	53,866
HTM securities
Amortized Cost	26,208	28,599
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,885	1,845
Fair Value	24,323	26,754
U.S. agency securities
AFS securities
Amortized cost	26,221	23,926
Gross Unrealized Gains	0	1
Gross Unrealized Losses	3,436	2,753
Fair Value	22,785	21,174
HTM securities
Amortized Cost	41,612	44,038
Gross Unrealized Gains	0	0
Gross Unrealized Losses	10,136	8,487
Fair Value	31,476	35,551
Agency CMBS
AFS securities
Amortized cost	5,741	5,998
Gross Unrealized Gains	0	0
Gross Unrealized Losses	504	470
Fair Value	5,237	5,528
HTM securities
Amortized Cost	1,656	1,819
Gross Unrealized Gains	0	0
Gross Unrealized Losses	168	152
Fair Value	1,488	1,667
Non-agency CMBS
HTM securities
Amortized Cost	1,229	1,178
Gross Unrealized Gains	0	0
Gross Unrealized Losses	192	144
Fair Value	1,037	1,034
State and municipal securities
AFS securities
Amortized cost	817	2,598
Gross Unrealized Gains	32	71
Gross Unrealized Losses	20	42
Fair Value	829	2,627
FFELP student loan ABS:
AFS securities
Amortized cost	855	1,147
Gross Unrealized Gains	0	0
Gross Unrealized Losses	17	45
Fair Value	$ 838	$ 1,102
HTM securities
Third party guarantees (as a percent)	95%	95%
Other ABS
AFS securities
Amortized cost	$ 0
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	$ 0

Investment Securities - AFS Sec

Investment Securities - AFS Securities in an Unrealized Loss Position (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
AFS securities
AFS: Fair value, less than 12 months	$ 14,115	$ 63,882
AFS: Fair value, 12 months or longer	53,765	19,240
AFS: Fair value, total	67,880	83,122
AFS: Gross unrealized losses, less than 12 months	508	3,493
AFS: Gross unrealized losses, 12 months or longer	4,863	2,071
AFS: Gross unrealized losses, total	5,371	5,564
U.S. Treasury securities
AFS securities
AFS: Fair value, less than 12 months	6,932	42,144
AFS: Fair value, 12 months or longer	31,798	11,454
AFS: Fair value, total	38,730	53,598
AFS: Gross unrealized losses, less than 12 months	214	1,711
AFS: Gross unrealized losses, 12 months or longer	1,180	543
AFS: Gross unrealized losses, total	1,394	2,254
U.S. agency securities
AFS securities
AFS: Fair value, less than 12 months	4,716	13,662
AFS: Fair value, 12 months or longer	17,968	7,060
AFS: Fair value, total	22,684	20,722
AFS: Gross unrealized losses, less than 12 months	91	1,271
AFS: Gross unrealized losses, 12 months or longer	3,345	1,482
AFS: Gross unrealized losses, total	3,436	2,753
Agency CMBS
AFS securities
AFS: Fair value, less than 12 months	2,111	5,343
AFS: Fair value, 12 months or longer	3,053	185
AFS: Fair value, total	5,164	5,528
AFS: Gross unrealized losses, less than 12 months	201	448
AFS: Gross unrealized losses, 12 months or longer	303	22
AFS: Gross unrealized losses, total	504	470
State and municipal securities
AFS securities
AFS: Fair value, less than 12 months	288	2,106
AFS: Fair value, 12 months or longer	253	65
AFS: Fair value, total	541	2,171
AFS: Gross unrealized losses, less than 12 months	1	40
AFS: Gross unrealized losses, 12 months or longer	19	2
AFS: Gross unrealized losses, total	20	42
FFELP student loan ABS:
AFS securities
AFS: Fair value, less than 12 months	68	627
AFS: Fair value, 12 months or longer	693	476
AFS: Fair value, total	761	1,103
AFS: Gross unrealized losses, less than 12 months	1	23
AFS: Gross unrealized losses, 12 months or longer	16	22
AFS: Gross unrealized losses, total	$ 17	$ 45

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 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	$ 45	$ 34

Investment Securities - Investm

Investment Securities - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Amortized Cost
AFS securities: Amortized cost, total	$ 81,573	$ 89,772
HTM securities: Net carrying amount, total	70,705
Investment securities: amortized cost, total	152,278	165,406
Fair Value
AFS securities: Fair value, total	76,261	84,297
HTM securities: Fair value, total	58,324	65,006
Investment securities: fair value, total	$ 134,585	149,303
Annualized Average Yield
AFS securities: Annualized average yield, total (as a percent)	2.30%
HTM securities: Annualized average yield, total (as a percent)	1.90%
Investment securities: Annualized average yield, total (as a percent)	2.10%
AFS securities: Annualized average yield including the interest rate swap accrual of related hedges, due within 1 year (as a percent)	1.20%
AFS securities: Annualized average yield including the interest rate swap accrual of related hedge (as a percent)	3.30%
U.S. Treasury securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 15,009
AFS securities: Amortized cost, after 1 year through 5 years	32,224
AFS securities: Amortized cost, after 5 years through 10 years	706
AFS securities: Amortized cost, total	47,939	56,103
HTM securities: Net carrying amount, due within 1 year	8,102
HTM securities: Net carrying amount, after 1 year through 5 years	12,683
HTM securities: Net carrying amount, after 5 year through 10 years	3,864
HTM securities: Net carrying amount, after 10 years	1,559
HTM securities: Net carrying amount, total	26,208
Fair Value
AFS securities: Fair value, due within 1 year	14,680
AFS securities: Fair value, after 1 year through 5 years	31,187
AFS securities: Fair value, after 5 years through 10 years	705
AFS securities: Fair value, total	46,572	53,866
HTM securities: Fair value, due within 1 year	7,982
HTM securities: Fair value, after 1 year through 5 years	11,863
HTM securities: Fair value, after 5 years through 10 years	3,445
HTM securities: Fair value, after 10 years	1,033
HTM securities: Fair value, total	$ 24,323	26,754
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	1.10%
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)	3.90%
HTM securities: Annualized average yield, due within 1 year (as a percent)	1.90%
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)	2.40%
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	$ 24
AFS securities: Amortized cost, after 1 year through 5 years	431
AFS securities: Amortized cost, after 5 years through 10 years	572
AFS securities: Amortized cost, after 10 years	25,194
AFS securities: Amortized cost, total	26,221	23,926
HTM securities: Net carrying amount, after 1 year through 5 years	7
HTM securities: Net carrying amount, after 5 year through 10 years	311
HTM securities: Net carrying amount, after 10 years	41,294
HTM securities: Net carrying amount, total	41,612
Fair Value
AFS securities: Fair value, due within 1 year	23
AFS securities: Fair value, after 1 year through 5 years	397
AFS securities: Fair value, after 5 years through 10 years	510
AFS securities: Fair value, after 10 years	21,855
AFS securities: Fair value, total	22,785	21,174
HTM securities: Fair value, after 1 year through 5 years	6
HTM securities: Fair value, after 5 years through 10 years	276
HTM securities: Fair value, after 10 years	31,194
HTM securities: Fair value, total	$ 31,476	35,551
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	(0.60%)
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	1.60%
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)	3.60%
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, due within 1 year	$ 1
AFS securities: Amortized cost, after 1 year through 5 years	2,068
AFS securities: Amortized cost, after 5 years through 10 years	2,459
AFS securities: Amortized cost, after 10 years	1,213
AFS securities: Amortized cost, total	5,741	5,998
HTM securities: Net carrying amount, due within 1 year	482
HTM securities: Net carrying amount, after 1 year through 5 years	928
HTM securities: Net carrying amount, after 5 year through 10 years	118
HTM securities: Net carrying amount, after 10 years	128
HTM securities: Net carrying amount, total	1,656
Fair Value
AFS securities: Fair value, due within 1 year	1
AFS securities: Fair value, after 1 year through 5 years	1,973
AFS securities: Fair value, after 5 years through 10 years	2,309
AFS securities: Fair value, after 10 years	954
AFS securities: Fair value, total	5,237	5,528
HTM securities: Fair value, due within 1 year	469
HTM securities: Fair value, after 1 year through 5 years	828
HTM securities: Fair value, after 5 years through 10 years	95
HTM securities: Fair value, after 10 years	96
HTM securities: Fair value, total	$ 1,488	1,667
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	(2.20%)
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)	2.10%
AFS securities: Annualized average yield, after 10 years (as a percent)	1.40%
HTM securities: Annualized average yield, due within 1 year (as a percent)	1.40%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	1.20%
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%
Non-agency CMBS
Amortized Cost
HTM securities: Net carrying amount, due within 1 year	$ 195
HTM securities: Net carrying amount, after 1 year through 5 years	353
HTM securities: Net carrying amount, after 5 year through 10 years	630
HTM securities: Net carrying amount, after 10 years	51
HTM securities: Net carrying amount, total	1,229
Fair Value
HTM securities: Fair value, due within 1 year	177
HTM securities: Fair value, after 1 year through 5 years	315
HTM securities: Fair value, after 5 years through 10 years	500
HTM securities: Fair value, after 10 years	45
HTM securities: Fair value, total	$ 1,037	1,034
Annualized Average Yield
HTM securities: Annualized average yield, due within 1 year (as a percent)	4.20%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	4.40%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	3.70%
HTM securities: Annualized average yield, after 10 year (as a percent)	4.60%
State and municipal securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 24
AFS securities: Amortized cost, after 1 year through 5 years	172
AFS securities: Amortized cost, after 5 years through 10 years	17
AFS securities: Amortized cost, after 10 years	604
AFS securities: Amortized cost, total	817	2,598
Fair Value
AFS securities: Fair value, due within 1 year	24
AFS securities: Fair value, after 1 year through 5 years	172
AFS securities: Fair value, after 5 years through 10 years	20
AFS securities: Fair value, after 10 years	613
AFS securities: Fair value, total	$ 829	2,627
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	5.20%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	4.80%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	4.70%
AFS securities: Annualized average yield, after 10 years (as a percent)	4.30%
FFELP student loan ABS:
Amortized Cost
AFS securities: Amortized cost, after 1 year through 5 years	$ 101
AFS securities: Amortized cost, after 5 years through 10 years	104
AFS securities: Amortized cost, after 10 years	650
AFS securities: Amortized cost, total	855	1,147
Fair Value
AFS securities: Fair value, after 1 year through 5 years	98
AFS securities: Fair value, after 5 years through 10 years	100
AFS securities: Fair value, after 10 years	640
AFS securities: Fair value, total	$ 838	$ 1,102
Annualized Average Yield
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	5.80%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	6%
AFS securities: Annualized average yield, after 10 years (as a percent)	6.30%

Investment Securities - Gross R

Investment Securities - Gross Realized Gains (Losses) on Sales of AFS Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
AFS securities
Gross realized gains	$ 15	$ 13	$ 66	$ 163
Gross realized (losses)	(1)	(4)	(21)	(92)
Total	$ 14	$ 9	$ 45	$ 71

Collateralized Transactions - O

Collateralized Transactions - Offsetting of Certain Collateralized Transactions (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Securities purchased under agreements to resell
Gross Amounts	$ 244,528	$ 240,355
Amounts Offset	(142,959)	(126,448)
Balance Sheet Net Amounts	101,569	113,907
Amounts not offset	(98,203)	(109,902)
Net Amounts	3,366	4,005
Securities borrowed
Gross Amounts	133,184	145,340
Amounts Offset	(12,268)	(11,966)
Balance Sheet Net Amounts	120,916	133,374
Amounts not offset	(116,818)	(128,073)
Net Amounts	4,098	5,301
Securities sold under agreements to repurchase
Gross Amounts	219,620	188,982
Amounts Offset	(142,959)	(126,448)
Balance Sheet Net Amounts	76,661	62,534
Amounts not offset	(70,871)	(57,395)
Net Amounts	5,790	5,139
Securities loaned
Gross Amounts	25,332	27,645
Amounts Offset	(12,268)	(11,966)
Balance Sheet Net Amounts	13,064	15,679
Amounts not offset	(13,049)	(15,199)
Net Amounts	15	480
Net amounts for which master netting agreements are not in place or may not be legally enforceable
Securities purchased under agreements to resell	2,160	1,696
Securities borrowed	380	624
Securities sold under agreements to repurchase	4,311	3,861
Securities loaned	$ 4	$ 250

Collateralized Transactions - G

Collateralized Transactions - Gross Secured Financing Balances (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Gross Secured Financing Balances
Securities sold under agreements to repurchase	$ 219,620	$ 188,982
Securities loaned	25,332	27,645
Total included in the offsetting disclosure	244,952	216,627
Trading liabilities— Obligation to return securities received as collateral	16,548	22,880
Total	261,500	239,507
U.S. Treasury and agency securities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	83,594	57,761
Other sovereign government obligations
Gross Secured Financing Balances
Securities sold under agreements to repurchase	102,679	98,839
Securities loaned	714	862
Corporate equities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	17,976	19,340
Securities loaned	23,939	26,289
Trading liabilities— Obligation to return securities received as collateral	16,523	22,833
Other
Gross Secured Financing Balances
Securities sold under agreements to repurchase	15,371	13,042
Securities loaned	679	494
Trading liabilities— Obligation to return securities received as collateral	25	47
Overnight and Open
Gross Secured Financing Balances
Securities sold under agreements to repurchase	93,944	54,551
Securities loaned	13,266	15,150
Total included in the offsetting disclosure	107,210	69,701
Trading liabilities— Obligation to return securities received as collateral	16,548	22,880
Total	123,758	92,581
Less than 30 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	68,289	77,359
Securities loaned	0	882
Total included in the offsetting disclosure	68,289	78,241
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	68,289	78,241
30-90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	23,622	20,586
Securities loaned	900	1,984
Total included in the offsetting disclosure	24,522	22,570
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	24,522	22,570
Over 90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	33,765	36,486
Securities loaned	11,166	9,629
Total included in the offsetting disclosure	44,931	46,115
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	$ 44,931	$ 46,115

Collateralized Transactions - A

Collateralized Transactions - Assets Loaned or Pledged (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Financial Instrument, Owned, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral [Member]
Trading assets	$ 38,682	$ 34,524

Collateralized Transactions - C

Collateralized Transactions - Collateral Received (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Collateral received with right to sell or repledge	$ 656,290	$ 637,941
Collateral that was sold or repledged	$ 499,905	$ 486,820

Collateralized Transactions - S

Collateralized Transactions - Securities Segregated for Regulatory Purposes (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Segregated securities	$ 21,936	$ 32,254

Collateralized Transactions -_2

Collateralized Transactions - Customer Margin Lending (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Collateralized Agreements [Abstract]
Margin and other lending	$ 42,699	$ 38,524

Loans, Lending Commitments an_3

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans by Type (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
HFI Loans
Total loans	$ 203,899	$ 199,836
ACL	(1,157)	(839)	$ (749)	$ (654)
Total loans, net	202,742	198,997
HFS Loans
Total loans	14,230	14,788
Total loans, net	14,230	14,788
Total Loans
Total loans	218,129	214,624
ACL	(1,157)	(839)	(749)	(654)
Total loans, net	216,972	213,785
Loans to non-U.S. borrowers, net	26,246	23,651
Corporate
HFI Loans
Total loans	7,181	6,589
ACL	(248)	(235)	(211)	(165)
HFS Loans
Total loans	11,086	10,634
Total Loans
Total loans	18,267	17,223
ACL	(248)	(235)	(211)	(165)
Secured lending facilities
HFI Loans
Total loans	39,119	35,606
ACL	(154)	(153)	(156)	(163)
HFS Loans
Total loans	2,861	3,176
Total Loans
Total loans	41,980	38,782
ACL	(154)	(153)	(156)	(163)
Commercial real estate
HFI Loans
Total loans	8,389	8,515
ACL	(426)	(275)	(224)	(206)
HFS Loans
Total loans	259	926
Total Loans
Total loans	8,648	9,441
ACL	(426)	(275)	(224)	(206)
Residential real estate
HFI Loans
Total loans	59,002	54,460
ACL	(110)	(87)	(87)	(60)
HFS Loans
Total loans	23	4
Total Loans
Total loans	59,025	54,464
ACL	(110)	(87)	(87)	(60)
Securities-based lending and Other loans
HFI Loans
Total loans	90,208	94,666
ACL	(219)	(89)	(71)	(60)
HFS Loans
Total loans	1	48
Total Loans
Total loans	90,209	94,714
ACL	$ (219)	$ (89)	$ (71)	$ (60)

Loans, Lending Commitments an_4

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans by Interest Rate Type (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	$ 51,005	$ 49,184
Floating or Adjustable Rate	167,124	165,440
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	0	0
Floating or Adjustable Rate	18,267	17,223
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	0	0
Floating or Adjustable Rate	41,980	38,782
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	198	204
Floating or Adjustable Rate	8,450	9,237
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	28,282	24,903
Floating or Adjustable Rate	30,743	29,561
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	22,525	24,077
Floating or Adjustable Rate	$ 67,684	$ 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	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 203,899	$ 199,836
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	6,538	6,010
Current Fiscal Year	154	113
One Year Ago	166	139
Two Years Ago	116	58
Three Years Ago	58	154
Four Years Ago	149
Prior	0	115
Total	7,181	6,589
Corporate | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	2,349	2,554
Current Fiscal Year	134	6
One Year Ago	0	0
Two Years Ago	15	0
Three Years Ago	33	0
Four Years Ago	0
Prior	0	115
Total	2,531	2,675
Corporate | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	4,189	3,456
Current Fiscal Year	20	107
One Year Ago	166	139
Two Years Ago	101	58
Three Years Ago	25	154
Four Years Ago	149
Prior	0	0
Total	4,650	3,914
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	31,202	30,688
Current Fiscal Year	3,074	2,471
One Year Ago	2,817	462
Two Years Ago	405	98
Three Years Ago	85	546
Four Years Ago	405
Prior	1,131	1,341
Total	39,119	35,606
Secured lending facilities | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	11,329	9,445
Current Fiscal Year	2,324	1,135
One Year Ago	667	254
Two Years Ago	254	0
Three Years Ago	0	60
Four Years Ago	60
Prior	302	215
Total	14,936	11,109
Secured lending facilities | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	19,873	21,243
Current Fiscal Year	750	1,336
One Year Ago	2,150	208
Two Years Ago	151	98
Three Years Ago	85	486
Four Years Ago	345
Prior	829	1,126
Total	24,183	24,497
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	168	204
Current Fiscal Year	815	2,580
One Year Ago	2,173	1,848
Two Years Ago	1,860	728
Three Years Ago	739	1,811
Four Years Ago	1,567
Prior	1,067	1,344
Total	8,389	8,515
Commercial real estate | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	0	0
Current Fiscal Year	10	379
One Year Ago	382	239
Two Years Ago	286	0
Three Years Ago	0	659
Four Years Ago	325
Prior	85	211
Total	1,088	1,488
Commercial real estate | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	168	204
Current Fiscal Year	805	2,201
One Year Ago	1,791	1,609
Two Years Ago	1,574	728
Three Years Ago	739	1,152
Four Years Ago	1,242
Prior	982	1,133
Total	7,301	7,027
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	138	124
Current Fiscal Year	7,093	14,425
One Year Ago	13,874	14,353
Two Years Ago	13,847	8,908
Three Years Ago	8,554	5,291
Four Years Ago	5,045	2,134
Prior	10,451	9,225
Total	59,002	54,460
Residential real estate | Less than or equal to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	137	124
Current Fiscal Year	6,304	13,276
One Year Ago	12,771	13,378
Two Years Ago	12,911	8,452
Three Years Ago	8,118	4,968
Four Years Ago	4,739	1,965
Prior	9,632	8,492
Total	54,612	50,655
Residential real estate | Greater than 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	1	0
Current Fiscal Year	789	1,149
One Year Ago	1,103	975
Two Years Ago	936	456
Three Years Ago	436	323
Four Years Ago	306	169
Prior	819	733
Total	4,390	3,805
Residential real estate | Greater than or equal to 740
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	98	90
Current Fiscal Year	5,735	11,481
One Year Ago	11,039	11,604
Two Years Ago	11,210	7,292
Three Years Ago	7,006	4,208
Four Years Ago	4,012	1,635
Prior	7,845	6,853
Total	46,945	43,163
Residential real estate | 680-739
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	32	29
Current Fiscal Year	1,180	2,533
One Year Ago	2,445	2,492
Two Years Ago	2,392	1,501
Three Years Ago	1,443	946
Four Years Ago	901	447
Prior	2,292	2,072
Total	10,685	10,020
Residential real estate | Less than or equal to 679
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	8	5
Current Fiscal Year	178	411
One Year Ago	390	257
Two Years Ago	245	115
Three Years Ago	105	137
Four Years Ago	132	52
Prior	314	300
Total	1,372	1,277
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	78,705	84,355
Current Fiscal Year	2,150	3,266
One Year Ago	3,086	1,473
Two Years Ago	1,133	998
Three Years Ago	889	1,573
Four Years Ago	1,439	774
Prior	2,806	2,227
Total	90,208	94,666
Securities-based lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	71,389	77,115
Current Fiscal Year	1,369	1,425
One Year Ago	1,474	725
Two Years Ago	375	0
Three Years Ago	0	16
Four Years Ago	14	202
Prior	202	0
Total	74,823	79,483
Other | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	6,096	5,760
Current Fiscal Year	543	1,572
One Year Ago	820	525
Two Years Ago	417	580
Three Years Ago	464	913
Four Years Ago	903	268
Prior	1,466	1,581
Total	10,709	11,199
Other | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	1,220	1,480
Current Fiscal Year	238	269
One Year Ago	792	223
Two Years Ago	341	418
Three Years Ago	425	644
Four Years Ago	522	304
Prior	1,138	646
Total	$ 4,676	$ 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	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 203,899	$ 199,836
Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	216	356
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	7,181	6,589
Corporate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	42	112
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	39,119	35,606
Secured lending facilities | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	0	85
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	8,389	8,515
Commercial real estate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	21	0
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	59,002	54,460
Residential real estate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	153	158
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	90,208	94,666
Securities-based lending and Other loans | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 0	$ 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	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 581	$ 502
Nonaccrual loans without an ACL	133	117
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	115	71
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	92	94
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	153	209
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	101	118
Securities-based lending and Other loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 120	$ 10

Loans, Lending Commitments an_8

Loans, Lending Commitments and Related Allowance for Credit Losses - Modified Loans Held for Investment (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 424	$ 877
Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	385	463
Corporate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 82	$ 114
Percent of total loans	1.10%	1.60%
Weighted average term increase from modification	1 year 11 months	1 year 9 months
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 198	$ 219
Percent of total loans	2.40%	2.60%
Weighted average term increase from modification	3 months	3 months
Commercial real estate | Combination - Multiple Modification
Financing Receivable, Modified [Line Items]
Amortized Cost		$ 40
Percent of total loans		0.50%
Commercial real estate | Multiple Modification, Term Exension
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification		7 months
Commercial real estate | Multiple Modification, Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification		6 months
Residential real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost		$ 1
Percent of total loans		0%
Weighted average term increase from modification		4 months
Securities-based lending and Other loans | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 105	$ 129
Percent of total loans	0.10%	0.10%
Weighted average term increase from modification	4 months	8 months

Loans, Lending Commitments an_9

Loans, Lending Commitments and Related Allowance for Credit Losses - Past Due Status for Loans Held for Investment Modified in the Last 12 Months (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	$ 203,899	$ 199,836
Total
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	22
30-89 Days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	21
90+ days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	1
Commercial real estate
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	8,389	8,515
Commercial real estate | Total
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	21
Commercial real estate | 30-89 Days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	21
Commercial real estate | 90+ days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	0
Residential real estate
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	59,002	$ 54,460
Residential real estate | Total
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	1
Residential real estate | 30-89 Days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	0
Residential real estate | 90+ days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	$ 1

Loans, Lending Commitments a_10

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
Lending commitments	$ 0

Loans, Lending Commitments a_11

Loans, Lending Commitments and Related Allowance for Credit Losses - Gross Charge-offs by Origination Year (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Financing Receivable and Allowance for Credit Losses
Revolving	$ 0	$ (30)
2020	(1)	(2)
2019	(39)	(69)
Prior		(40)
Total	(40)	(141)
Corporate
Financing Receivable and Allowance for Credit Losses
Revolving	0	(30)
2020	0	0
2019	0	0
Prior		0
Total	0	(30)
Secured lending facilities
Financing Receivable and Allowance for Credit Losses
Revolving	0	0
2020	0	0
2019	0	0
Prior		0
Total	0	0
Commercial real estate
Financing Receivable and Allowance for Credit Losses
Revolving	0	0
2020	0	0
2019	(39)	(68)
Prior		(40)
Total	(39)	(108)
Residential real estate
Financing Receivable and Allowance for Credit Losses
Revolving	0	0
2020	0	0
2019	0	0
Prior		0
Total	0	0
Securities-based lending and Other loans
Financing Receivable and Allowance for Credit Losses
Revolving	0	0
2020	(1)	(2)
2019	0	(1)
Prior		0
Total	$ (1)	$ (3)

Loans, Lending Commitments a_12

Loans, Lending Commitments and Related Allowance for Credit Losses - Provision for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Receivables [Abstract]
Loans	$ 123	$ 6	$ 462	$ 137
Lending commitments	$ 11	$ 29	$ 67	$ 56

Loans, Lending Commitments a_13

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Allowance for loan losses rollforward
Beginning balance			$ 839	$ 654
Gross charge-offs			(141)	(31)
Recoveries			1	7
Net (charge-offs) recoveries			(140)	(24)
Provision (release)	$ 123	$ 6	462	137
Other			(4)	(18)
Ending balance	$ 1,157	$ 749	$ 1,157	$ 749
Percent of loans to total loans	100%	100%	100%	100%
Allowance for lending commitments rollforward
Beginning balance			$ 504	$ 444
Provision (release)	$ 11	$ 29	67	56
Other			(2)	(13)
Ending balance	569	487	569	487
Corporate
Allowance for loan losses rollforward
Beginning balance			235	165
Gross charge-offs			(30)	0
Recoveries			0	6
Net (charge-offs) recoveries			(30)	6
Provision (release)			44	46
Other			(1)	(6)
Ending balance	$ 248	$ 211	$ 248	$ 211
Percent of loans to total loans	4%	3%	4%	3%
Allowance for lending commitments rollforward
Beginning balance			$ 411	$ 356
Provision (release)			29	64
Other			(1)	(12)
Ending balance	$ 439	$ 408	439	408
Secured lending facilities
Allowance for loan losses rollforward
Beginning balance			153	163
Gross charge-offs			0	(3)
Recoveries			0	0
Net (charge-offs) recoveries			0	(3)
Provision (release)			2	(2)
Other			(1)	(2)
Ending balance	$ 154	$ 156	$ 154	$ 156
Percent of loans to total loans	19%	17%	19%	17%
Allowance for lending commitments rollforward
Beginning balance			$ 51	$ 41
Provision (release)			24	7
Other			0	(1)
Ending balance	$ 75	$ 47	75	47
Commercial real estate
Allowance for loan losses rollforward
Beginning balance			275	206
Gross charge-offs			(108)	(7)
Recoveries			0	0
Net (charge-offs) recoveries			(108)	(7)
Provision (release)			261	35
Other			(2)	(10)
Ending balance	$ 426	$ 224	$ 426	$ 224
Percent of loans to total loans	4%	4%	4%	4%
Allowance for lending commitments rollforward
Beginning balance			$ 15	$ 20
Provision (release)			12	(6)
Other			(1)	0
Ending balance	$ 26	$ 14	26	14
Residential real estate
Allowance for loan losses rollforward
Beginning balance			87	60
Gross charge-offs			0	0
Recoveries			1	1
Net (charge-offs) recoveries			1	1
Provision (release)			22	26
Other			0	0
Ending balance	$ 110	$ 87	$ 110	$ 87
Percent of loans to total loans	29%	26%	29%	26%
Allowance for lending commitments rollforward
Beginning balance			$ 4	$ 1
Provision (release)			0	1
Other			0	0
Ending balance	$ 4	$ 2	4	2
SBL and Other
Allowance for loan losses rollforward
Beginning balance			89	60
Gross charge-offs			(3)	(21)
Recoveries			0	0
Net (charge-offs) recoveries			(3)	(21)
Provision (release)			133	32
Other			0	0
Ending balance	$ 219	$ 71	$ 219	$ 71
Percent of loans to total loans	44%	50%	44%	50%
Allowance for lending commitments rollforward
Beginning balance			$ 23	$ 26
Provision (release)			2	(10)
Other			0	0
Ending balance	$ 25	$ 16	$ 25	$ 16

Loans, Lending Commitments a_14

Loans, Lending Commitments and Related Allowance for Credit Losses - Schedule of Selected Credit Ratios (Details)	Sep. 30, 2023	Dec. 31, 2022
Receivables [Abstract]
ACL for loans to total HFI loans	0.60%	0.40%
Nonaccrual HFI loans to total HFI loans	0.30%	0.30%
ACL for loans to nonaccrual HFI loans	199.10%	167.10%

Loans, Lending Commitments a_15

Loans, Lending Commitments and Related Allowance for Credit Losses - Employee Loans (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Employee Loans [Line Items]
Other receivables	$ 76,495	$ 78,540
Employee loans	4,360	4,120
ACL	(130)	(139)
Employee loans, net of ACL	$ 4,230	$ 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 | Related Party
Employee Loans [Line Items]
Other receivables	$ 4,262	$ 4,023
No longer employed by the Firm | Related Party
Employee Loans [Line Items]
Other receivables	$ 98	$ 97

Other Assets - Equity Method _3

Other Assets - Equity Method Investments - Balances (Details) - Investment Management - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Equity Method Investments
Investments	$ 1,775		$ 1,775		$ 1,927
Income (loss)	$ 19	$ 21	$ 105	$ 44

Other Assets - Equity Method _4

Other Assets - Equity Method Investments - Joint Ventures (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
MUMSS
Equity Method Investments
Income (loss) from investment in MUMSS	$ 10	$ 17	$ 102	$ 35

Deposits - Summary (Details)

Deposits - Summary (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Deposits [Abstract]
Savings and demand deposits	$ 280,008	$ 319,948
Time deposits	65,450	36,698
Total	345,458	356,646
Deposits subject to FDIC insurance	272,015	260,420
Deposits not subject to FDIC insurance	$ 73,443	$ 96,226

Deposits - Time Deposit Maturit

Deposits - Time Deposit Maturities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Time Deposit Maturities
2023	$ 13,058
2024	29,378
2025	11,302
2026	4,716
2027	3,372
Thereafter	3,624
Total	$ 65,450	$ 36,698

Borrowings and Other Secured _3

Borrowings and Other Secured Financings - Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Borrowings
Original maturities of one year or less	$ 4,350	$ 4,191
Original maturities greater than one year
Senior	231,047	221,667
Subordinated	11,796	12,200
Total greater than one year	242,843	233,867
Total	$ 247,193	$ 238,058
Weighted average stated maturity, in years	6 years 6 months	6 years 8 months 12 days

Borrowings and Other Secured _4

Borrowings and Other Secured Financings - Other Secured Financings (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Original maturities:
One year or less	$ 2,391	$ 944
Greater than one year	7,277	7,214
Total	9,668	8,158
Transfers of assets accounted for as secured financings	$ 3,092	$ 1,119

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingencies - Commitments (Details) $ in Millions	Sep. 30, 2023 USD ($)
Commitment, Fiscal Year Maturity
Less than 1 (year)	$ 116,899
1-3 (years)	45,087
3-5 (years)	57,337
Over 5 (years)	20,498
Total	239,821
Forward-starting secured financing receivables
Commitment, Fiscal Year Maturity
Less than 1 (year)	73,474
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	0
Total	73,474
Central counterparty
Commitment, Fiscal Year Maturity
Less than 1 (year)	300
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	14,966
Total	15,266
Underwriting
Commitment, Fiscal Year Maturity
Less than 1 (year)	645
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	0
Total	645
Investment activities
Commitment, Fiscal Year Maturity
Less than 1 (year)	1,777
1-3 (years)	314
3-5 (years)	110
Over 5 (years)	284
Total	2,485
Letters of credit and other financial guarantees
Commitment, Fiscal Year Maturity
Less than 1 (year)	145
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	6
Total	151
Corporate
Commitment, Fiscal Year Maturity
Less than 1 (year)	16,247
1-3 (years)	36,269
3-5 (years)	53,156
Over 5 (years)	2,356
Total	108,028
Lending commitments participated to third parties	7,408
Secured lending facilities
Commitment, Fiscal Year Maturity
Less than 1 (year)	7,773
1-3 (years)	5,032
3-5 (years)	3,662
Over 5 (years)	2,140
Total	18,607
Commercial and Residential real estate
Commitment, Fiscal Year Maturity
Less than 1 (year)	309
1-3 (years)	112
3-5 (years)	14
Over 5 (years)	352
Total	787
Securities-based lending and Other
Commitment, Fiscal Year Maturity
Less than 1 (year)	16,229
1-3 (years)	3,360
3-5 (years)	395
Over 5 (years)	394
Total	$ 20,378

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingencies - Obligations under Guarantee Arrangements (Details) $ in Millions	Sep. 30, 2023 USD ($)
Non-credit derivatives
Guarantees
Carrying amount: liability	$ (67,659)
Non-credit derivatives | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,303,613
Non-credit derivatives | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	1,337,393
Non-credit derivatives | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	295,171
Non-credit derivatives | Over 5 (Years)
Guarantees
Maximum potential payout/notional	713,579
Standby letters of credit and other financial guarantees issued
Guarantees
Carrying amount: liability	(15)
Standby letters of credit	800
Allowance for credit loss	76
Standby letters of credit and other financial guarantees issued | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,545
Standby letters of credit and other financial guarantees issued | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	1,054
Standby letters of credit and other financial guarantees issued | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	1,100
Standby letters of credit and other financial guarantees issued | Over 5 (Years)
Guarantees
Maximum potential payout/notional	2,801
Market value guarantees
Guarantees
Market value guarantees	0
Market value guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1
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	(9)
Liquidity facilities | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	2,035
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	69
Whole loan sales guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	17
Whole loan sales guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	23,076
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	80,081
General partner guarantees
Guarantees
Carrying amount: liability	(87)
General partner guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	381
General partner guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	32
General partner guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	130
General partner guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	33
Client clearing guarantees
Guarantees
Carrying amount: liability	0
Client clearing guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	77
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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Legal expenses	$ 18	$ 41	$ 214	$ 387

Commitments, Guarantees and C_6

Commitments, Guarantees and Contingencies - Narrative (Details) - Sep. 30, 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	$ 131

Variable Interest Entities an_3

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Type of Activity (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity
VIE Assets	$ 1,169,013	$ 1,180,231
VIE Liabilities	1,068,855	1,079,000
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity
VIE Assets	2,296	2,681
VIE Liabilities	1,268	1,313
Variable Interest Entity, Primary Beneficiary | MABS
Variable Interest Entity
VIE Assets	526	1,153
VIE Liabilities	156	520
Variable Interest Entity, Primary Beneficiary | Investment vehicles
Variable Interest Entity
VIE Assets	856	638
VIE Liabilities	508	272
Variable Interest Entity, Primary Beneficiary | MTOB
Variable Interest Entity
VIE Assets	406	371
VIE Liabilities	402	322
Variable Interest Entity, Primary Beneficiary | Other
Variable Interest Entity
VIE Assets	508	519
VIE Liabilities	$ 202	$ 199

Variable Interest Entities an_4

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Balance Sheet Caption (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 108,401	$ 128,127
Trading assets at fair value	346,685	301,315
Investment securities	134,585	149,303
Securities purchased under agreements to resell	101,569	113,907
Customer and other receivables	76,495	78,540
Other assets	27,106	26,982
Total assets	1,169,013	1,180,231
Liabilities
Other secured financings	9,668	8,158
Other liabilities and accrued expenses	26,034	27,353
Borrowings	247,193	238,058
Total liabilities	1,068,855	1,079,000
Noncontrolling interests	947	1,090
Variable Interest Entity, Primary Beneficiary
Assets
Cash and cash equivalents	220	142
Trading assets at fair value	1,542	2,066
Investment securities	319	255
Securities purchased under agreements to resell	200	200
Customer and other receivables	13	16
Other assets	2	2
Total assets	2,296	2,681
Liabilities
Other secured financings	1,133	1,185
Other liabilities and accrued expenses	131	124
Borrowings	4	4
Total liabilities	1,268	1,313
Noncontrolling interests	$ 77	$ 71

Variable Interest Entities an_5

Variable Interest Entities and Securitization Activities - Non-Consolidated VIEs (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity
VIE Assets	$ 1,169,013	$ 1,180,231
Additional VIE assets owned	15,204	13,708
VIE Liabilities	1,068,855	1,079,000
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE assets (UPB)	139,804	123,601
MABS
Variable Interest Entity
VIE assets (UPB)	139,804	123,601
Maximum exposure to loss	22,660	13,778
MABS | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	20,141	13,104
MABS | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	20,141	13,104
MABS | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	20,141	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 | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	2,519	674
MABS | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
CDO
Variable Interest Entity
VIE assets (UPB)	2,216	3,162
Maximum exposure to loss	81	274
CDO | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	81	274
CDO | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	81	274
CDO | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	81	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 | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
CDO | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
MTOB
Variable Interest Entity
VIE assets (UPB)	2,931	4,632
Maximum exposure to loss	2,035	3,200
MTOB | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	2	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	2,035	3,200
MTOB | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	2	3
MTOB | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
MTOB | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	11	3
OSF
Variable Interest Entity
VIE assets (UPB)	2,751	2,403
Maximum exposure to loss	1,857	1,694
OSF | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,640	1,577
OSF | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	1,857	1,694
OSF | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,640	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 | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
OSF | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0	0
Other
Variable Interest Entity
VIE assets (UPB)	47,136	50,178
Maximum exposure to loss	13,237	18,217
Other | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	10,333	13,160
Other | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	8,692	11,596
Other | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	8,692	11,596
Other | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	4,471	5,211
Other | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,641	1,564
Other | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	74	1,410
Other | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	$ 371	$ 281

Variable Interest Entities an_6

Variable Interest Entities and Securitization Activities - Mortgage and Asset Backed Securitization Assets (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity
Debt and Equity Interests	$ 1,169,013	$ 1,180,231
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
UPB	139,804	123,601
Variable Interest Entity, Not Primary Beneficiary | Residential mortgages
Variable Interest Entity
UPB	15,852	20,428
Variable Interest Entity, Not Primary Beneficiary | Commercial mortgages
Variable Interest Entity
UPB	75,060	67,540
Variable Interest Entity, Not Primary Beneficiary | U.S. agency collateralized mortgage obligations
Variable Interest Entity
UPB	40,147	32,567
Variable Interest Entity, Not Primary Beneficiary | Other consumer or commercial loans
Variable Interest Entity
UPB	8,745	3,066
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests
Variable Interest Entity
Debt and Equity Interests	20,141	13,104
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Residential mortgages
Variable Interest Entity
Debt and Equity Interests	3,231	2,570
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Commercial mortgages
Variable Interest Entity
Debt and Equity Interests	8,112	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	6,296	4,729
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Other consumer or commercial loans
Variable Interest Entity
Debt and Equity Interests	$ 2,502	$ 1,569

Variable Interest Entities an_7

Variable Interest Entities and Securitization Activities - Transferred Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity
Derivative assets	$ 45,391	$ 44,212
Derivative liabilities	32,611	38,135
SPE
Variable Interest Entity
Interests purchased in the secondary market	63	201
Derivative assets	1,088	1,114
Derivative liabilities	347	201
SPE | Investment grade
Variable Interest Entity
Interests purchased in the secondary market	47	143
SPE | Non-investment grade
Variable Interest Entity
Interests purchased in the secondary market	16	58
SPE | RML
Variable Interest Entity
SPE assets (UPB)	3,868	3,732
Retained interests	212	163
Interests purchased in the secondary market	12	117
Derivative assets	0	0
Derivative liabilities	0	0
SPE | RML | Investment grade
Variable Interest Entity
Retained interests	148	137
Interests purchased in the secondary market	12	82
SPE | RML | Non-investment grade
Variable Interest Entity
Retained interests	64	26
Interests purchased in the secondary market	0	35
SPE | CML
Variable Interest Entity
SPE assets (UPB)	73,138	73,069
Retained interests	1,427	1,392
Interests purchased in the secondary market	40	74
Derivative assets	0	0
Derivative liabilities	0	0
SPE | CML | Investment grade
Variable Interest Entity
Retained interests	658	927
Interests purchased in the secondary market	24	51
SPE | CML | Non-investment grade
Variable Interest Entity
Retained interests	769	465
Interests purchased in the secondary market	16	23
SPE | U.S. Agency CMO
Variable Interest Entity
SPE assets (UPB)	10,274	6,448
Retained interests	360	378
Interests purchased in the secondary market	11	10
Derivative assets	0	0
Derivative liabilities	0	0
SPE | U.S. Agency CMO | Investment grade
Variable Interest Entity
Retained interests	360	367
Interests purchased in the secondary market	11	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)	11,388	10,928
Retained interests	47	44
Interests purchased in the secondary market	0	0
Derivative assets	1,088	1,114
Derivative liabilities	347	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	47	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	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity
Derivative assets	$ 45,391	$ 44,212
Derivative liabilities	32,611	38,135
SPE
Variable Interest Entity
Retained interests	539	530
Interests purchased in the secondary market	63	201
Derivative assets	1,088	1,114
Derivative liabilities	347	201
SPE | Investment grade
Variable Interest Entity
Retained interests	475	489
Interests purchased in the secondary market	47	143
SPE | Non-investment grade
Variable Interest Entity
Retained interests	64	41
Interests purchased in the secondary market	16	58
SPE | Level 2
Variable Interest Entity
Retained interests	480	514
Interests purchased in the secondary market	58	182
Derivative assets	1,088	1,114
Derivative liabilities	347	153
SPE | Level 2 | Investment grade
Variable Interest Entity
Retained interests	475	489
Interests purchased in the secondary market	46	140
SPE | Level 2 | Non-investment grade
Variable Interest Entity
Retained interests	5	25
Interests purchased in the secondary market	12	42
SPE | Level 3
Variable Interest Entity
Retained interests	59	16
Interests purchased in the secondary market	5	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	1	3
SPE | Level 3 | Non-investment grade
Variable Interest Entity
Retained interests	59	16
Interests purchased in the secondary market	$ 4	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Transfer of Financial Assets Accounted for as Sales
New transactions	$ 9,132	$ 5,332	$ 15,257	$ 19,809
Retained interests	115	500	2,767	3,553
CLO SPEs | Corporate Loans
Transfer of Financial Assets Accounted for as Sales
Sales of corporate loans to CLO SPEs	$ 0	$ 37	$ 0	$ 53

Variable Interest Entities a_10

Variable Interest Entities and Securitization Activities - Assets Sold with Retained Exposure (Details) - Bilateral OTC - Equity - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Transfer of Financial Assets Accounted for as Sales
Gross cash proceeds from sale of assets	$ 49,472	$ 49,059
Fair value
Assets sold	49,642	47,281
Derivative assets recognized in the balance sheet	529	116
Derivative liabilities recognized in the balance sheet	$ 359	$ 1,893

Regulatory Requirements - Capit

Regulatory Requirements - Capital Buffer Requirements (Details)	Sep. 30, 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
Advanced (as a percent)	0.025

Regulatory Requirements - Narra

Regulatory Requirements - Narrative (Details)	Sep. 30, 2023	Dec. 31, 2022
Regulatory Requirements
Standardized (as a percent)	0	0
Maximum
Regulatory Requirements
Standardized (as a percent)	0.025

Regulatory Requirements - Risk-

Regulatory Requirements - Risk-Based Regulatory Capital Ratio Requirements (Details)	Sep. 30, 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	Sep. 30, 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	$ 69,148	$ 68,670
Tier 1 capital	77,891	77,191
Total capital	88,573	86,575
Total RWA	443,816	447,849
Adjusted average assets	1,152,379	1,150,772
Supplementary leverage exposure	$ 1,416,310	$ 1,399,403
Ratio
Common Equity Tier 1 capital (as a percent)	0.156	0.153
Tier 1 capital (as a percent)	0.176	0.172
Total capital (as a percent)	0.200	0.193
Tier 1 leverage (as a percent)	0.068	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	Sep. 30, 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	$ 69,148	$ 68,670
Tier 1 capital	77,891	77,191
Total capital	$ 88,573	$ 86,575
Ratio
Common Equity Tier 1 capital (as a percent)	0.156	0.153
Tier 1 capital (as a percent)	0.176	0.172
Total capital (as a percent)	0.200	0.193
Tier 1 leverage (as a percent)	0.068	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	$ 21,250	$ 20,043
Tier 1 capital	21,250	20,043
Total capital	22,129	20,694
Tier 1 leverage	21,250	20,043
SLR	$ 21,250	$ 20,043
Ratio
Common Equity Tier 1 capital (as a percent)	0.209	0.205
Tier 1 capital (as a percent)	0.209	0.205
Total capital (as a percent)	0.217	0.211
Tier 1 leverage (as a percent)	0.102	0.101
SLR (as a percent)	0.079	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	$ 16,012	$ 15,546
Tier 1 capital	16,012	15,546
Total capital	16,315	15,695
Tier 1 leverage	16,012	15,546
SLR	$ 16,012	$ 15,546
Ratio
Common Equity Tier 1 capital (as a percent)	0.269	0.275
Tier 1 capital (as a percent)	0.269	0.275
Total capital (as a percent)	0.274	0.278
Tier 1 leverage (as a percent)	0.080	0.076
SLR (as a percent)	0.077	0.074

Regulatory Requirements - U.S_2

Regulatory Requirements - U.S. Broker-Dealer Regulatory Capital Requirements (Details) - MS&Co. - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Regulatory Requirements
Net capital	$ 18,947	$ 17,224
Excess net capital	$ 14,683	$ 12,861

Total Equity - Preferred Stock

Total Equity - Preferred Stock Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 30, 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Equity [Abstract]
Repurchases of common stock under the Firm’s Share Repurchase Authorization	$ 1,500	$ 2,555	$ 4,000	$ 8,165

Total Equity - Narrative (Detai

Total Equity - Narrative (Details) $ in Billions	Jun. 30, 2023 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Equity [Abstract]
Weighted average common shares outstanding, basic (shares)	1,624	1,674	1,635	1,704
Effect of dilutive RSUs and PSUs (shares)	19	23	18	21
Weighted average common shares outstanding and common stock equivalents, diluted (shares)	1,643	1,697	1,653	1,725
Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) (shares)	0	1	3	5

Total Equity - Dividends (Detai

Total Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Preferred Stock Dividends
Preferred stock dividends declared	$ 146	$ 138	$ 423	$ 366
Dividends declared per common share (USD per share)	$ 0.850	$ 0.775	$ 2.40	$ 2.175
Common stock dividends	$ 1,404	$ 1,329	$ 4,001	$ 3,802
Series A
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 396	$ 261	$ 1,116	$ 756
Preferred stock dividends declared	$ 17	$ 11	$ 49	$ 33
Series C
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 25	$ 25	$ 75	$ 75
Preferred stock dividends declared	$ 13	$ 13	$ 39	$ 39
Series E
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 445	$ 445	$ 1,336	$ 1,336
Preferred stock dividends declared	$ 15	$ 15	$ 46	$ 45
Series F
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 430	$ 430	$ 1,289	$ 1,289
Preferred stock dividends declared	$ 15	$ 15	$ 44	$ 44
Series I
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 398	$ 398	$ 1,195	$ 1,195
Preferred stock dividends declared	$ 16	$ 16	$ 48	$ 48
Series K
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 366	$ 366	$ 1,097	$ 1,097
Preferred stock dividends declared	$ 15	$ 15	$ 44	$ 45
Series L
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 305	$ 305	$ 914	$ 914
Preferred stock dividends declared	$ 6	$ 6	$ 18	$ 18
Series M
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 29	$ 29	$ 59	$ 59
Preferred stock dividends declared	$ 12	$ 12	$ 24	$ 24
Series N
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 2,226	$ 2,650	$ 6,928	$ 5,300
Preferred stock dividends declared	$ 7	$ 8	$ 21	$ 16
Series O
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 266	$ 266	$ 797	$ 797
Preferred stock dividends declared	$ 14	$ 14	$ 41	$ 41
Series P
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 406	$ 330	$ 1,219	$ 330
Preferred stock dividends declared	$ 16	$ 13	$ 49	$ 13

Total Equity - Accumulated Othe

Total Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 101,231
Ending balance	$ 100,158	$ 102,089	100,158	$ 102,089
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(6,300)	(5,021)	(6,253)	(3,102)
OCI during the period	(902)	(737)	(949)	(2,656)
Ending balance	(7,202)	(5,758)	(7,202)	(5,758)
CTA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,199)	(1,226)	(1,204)	(1,002)
OCI during the period	(120)	(207)	(115)	(431)
Ending balance	(1,319)	(1,433)	(1,319)	(1,433)
AFS Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3,701)	(3,226)	(4,192)	245
OCI during the period	(366)	(1,307)	125	(4,778)
Ending balance	(4,067)	(4,533)	(4,067)	(4,533)
Pension and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(510)	(543)	(508)	(551)
OCI during the period	(1)	5	(3)	13
Ending balance	(511)	(538)	(511)	(538)
DVA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(873)	(26)	(345)	(1,794)
OCI during the period	(412)	772	(940)	2,540
Ending balance	(1,285)	746	(1,285)	746
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(17)	0	(4)	0
OCI during the period	(3)	0	(16)	0
Ending balance	$ (20)	$ 0	$ (20)	$ 0

Total Equity - Components of Pe

Total Equity - Components of Period Changes in OCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
After-tax Gain (Loss)
Net OCI	$ (933)	$ (754)	$ (1,094)	$ (2,798)
Foreign Currency Translation Adjustment Attributable to Parent
After-tax Gain (Loss)
OCI activity	(120)	(207)	(115)	(490)
Reclassified to earnings	0	0	0	59
Net OCI	(120)	(207)	(115)	(431)
Foreign Currency Translation Adjustment Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(38)	(85)	(136)	(279)
Reclassified to earnings	0	0	0	0
Net OCI	(38)	(85)	(136)	(279)
Income Tax Benefit (Provision)
OCI activity	(111)	(183)	(104)	(441)
Reclassified to earnings	0	0	0	59
Net OCI	(111)	(183)	(104)	(382)
After-tax Gain (Loss)
OCI activity	(149)	(268)	(240)	(720)
Reclassified to earnings	0	0	0	59
Net OCI	(149)	(268)	(240)	(661)
Foreign Currency Translation Adjustment Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	(29)	(61)	(125)	(230)
Reclassified to earnings	0	0	0	0
Net OCI	(29)	(61)	(125)	(230)
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Parent
After-tax Gain (Loss)
OCI activity	(356)	(1,300)	159	(4,724)
Reclassified to earnings	(10)	(7)	(34)	(54)
Net OCI	(366)	(1,307)	125	(4,778)
Change in Net Unrealized Gains (Losses) on AFS Securities Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(464)	(1,698)	208	(6,169)
Reclassified to earnings	(14)	(9)	(45)	(71)
Net OCI	(478)	(1,707)	163	(6,240)
Income Tax Benefit (Provision)
OCI activity	108	398	(49)	1,445
Reclassified to earnings	4	2	11	17
Net OCI	112	400	(38)	1,462
After-tax Gain (Loss)
OCI activity	(356)	(1,300)	159	(4,724)
Reclassified to earnings	(10)	(7)	(34)	(54)
Net OCI	(366)	(1,307)	125	(4,778)
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0	0	0
Reclassified to earnings	0	0	0	0
Net OCI	0	0	0	0
Pension and Other Attributable to Parent
After-tax Gain (Loss)
OCI activity	0	1	(1)	(1)
Reclassified to earnings	(1)	4	(2)	14
Net OCI	(1)	5	(3)	13
Pension and Other Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	0	1	(1)	(1)
Reclassified to earnings	(1)	6	(2)	17
Net OCI	(1)	7	(3)	16
Income Tax Benefit (Provision)
OCI activity	0	0	0	0
Reclassified to earnings	0	(2)	0	(3)
Net OCI	0	(2)	0	(3)
After-tax Gain (Loss)
OCI activity	0	1	(1)	(1)
Reclassified to earnings	(1)	4	(2)	14
Net OCI	(1)	5	(3)	13
Pension and Other Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0	0	0
Reclassified to earnings	0	0	0	0
Net OCI	0	0	0	0
Change in Net DVA Attributable to Parent
After-tax Gain (Loss)
OCI activity	(417)	772	(952)	2,541
Reclassified to earnings	5	0	12	(1)
Net OCI	(412)	772	(940)	2,540
Change in Net DVA Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(549)	1,082	(1,283)	3,474
Reclassified to earnings	6	0	15	(1)
Net OCI	(543)	1,082	(1,268)	3,473
Income Tax Benefit (Provision)
OCI activity	130	(266)	311	(845)
Reclassified to earnings	(1)	0	(3)	0
Net OCI	129	(266)	308	(845)
After-tax Gain (Loss)
OCI activity	(419)	816	(972)	2,629
Reclassified to earnings	5	0	12	(1)
Net OCI	(414)	816	(960)	2,628
Change in Net DVA Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	(2)	44	(20)	88
Reclassified to earnings	0	0	0	0
Net OCI	(2)	$ 44	(20)	$ 88
Change in Fair Value of Cash Flow Hedge Derivatives Attributable to Parent
After-tax Gain (Loss)
OCI activity	(9)		(24)
Reclassified to earnings	6		8
Net OCI	(3)		(16)
Change in Fair Value of Cash Flow Hedge Derivatives Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(12)		(30)
Reclassified to earnings	6		9
Net OCI	(6)		(21)
Income Tax Benefit (Provision)
OCI activity	3		6
Reclassified to earnings	0		(1)
Net OCI	3		5
After-tax Gain (Loss)
OCI activity	(9)		(24)
Reclassified to earnings	6		8
Net OCI	(3)		(16)
Change in Fair Value of Cash Flow Hedge Derivatives Attributable to Non Controlling Interest
After-tax Gain (Loss)
OCI activity	0		0
Reclassified to earnings	0		0
Net OCI	$ 0		$ 0

Interest Income and Interest _3

Interest Income and Interest Expense - Summary (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income
Investment securities	$ 1,019	$ 743	$ 2,886	$ 2,261
Loans	3,236	1,910	9,105	4,469
Securities purchased under agreements to resell	1,977	664	5,282	870
Securities borrowed	1,307	385	3,848	97
Trading assets, net of Trading liabilities	1,334	635	3,171	1,722
Customer receivables and Other	4,432	1,764	11,931	2,944
Total interest income	13,305	6,101	36,223	12,363
Interest expense
Deposits	2,271	476	5,793	684
Borrowings	2,992	1,370	8,267	2,990
Securities sold under agreements to repurchase	1,897	501	4,567	725
Securities loaned	208	135	575	340
Customer payables and Other	3,960	1,109	10,688	616
Total interest expense	11,328	3,591	29,890	5,355
Net interest	$ 1,977	$ 2,510	$ 6,333	$ 7,008

Interest Income and Interest _4

Interest Income and Interest Expense - Accrued Interest (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Interest Income (Expense), Net [Abstract]
Customer and other receivables	$ 4,705	$ 4,139
Customer and other payables	$ 4,718	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information
Investment banking	$ 1,048	$ 1,373	$ 3,533	$ 4,281
Trading	3,679	3,331	11,958	10,911
Investments	144	(168)	384	(70)
Commissions and fees	1,098	1,133	3,427	3,769
Asset management	5,031	4,744	14,576	14,775
Other	296	63	1,036	245
Total non-interest revenues	11,296	10,476	34,914	33,911
Interest income	13,305	6,101	36,223	12,363
Interest expense	11,328	3,591	29,890	5,355
Net interest	1,977	2,510	6,333	7,008
Net revenues	13,273	12,986	41,247	40,919
Provision for credit losses	134	35	529	193
Compensation and benefits	5,935	5,614	18,607	17,438
Non-compensation expenses	4,059	3,949	12,394	11,993
Total non-interest expenses	9,994	9,563	31,001	29,431
Income before provision for income taxes	3,145	3,388	9,717	11,295
Provision for income taxes	710	726	2,028	2,382
Net income	2,435	2,662	7,689	8,913
Net income (loss) applicable to noncontrolling interests	27	30	119	120
Net income applicable to Morgan Stanley	2,408	2,632	7,570	8,793
I/E
Segment Reporting Information
Investment banking	(16)	(18)	(66)	(56)
Trading	5	10	24	43
Investments	0	0	0	0
Commissions and fees	(70)	(58)	(202)	(210)
Asset management	(60)	(54)	(163)	(153)
Other	(1)	(4)	(8)	(10)
Total non-interest revenues	(142)	(124)	(415)	(386)
Interest income	(319)	(432)	(1,360)	(676)
Interest expense	(325)	(437)	(1,373)	(683)
Net interest	6	5	13	7
Net revenues	(136)	(119)	(402)	(379)
Provision for credit losses	0	0	0	0
Compensation and benefits	0	0	0	0
Non-compensation expenses	(132)	(116)	(372)	(371)
Total non-interest expenses	(132)	(116)	(372)	(371)
Income before provision for income taxes	(4)	(3)	(30)	(8)
Provision for income taxes	(1)	(1)	(7)	(2)
Net income	(3)	(2)	(23)	(6)
Net income (loss) applicable to noncontrolling interests	0	0	0	0
Net income applicable to Morgan Stanley	(3)	(2)	(23)	(6)
IS | Operating Segments
Segment Reporting Information
Investment banking	938	1,277	3,260	3,983
Trading	3,660	3,330	11,511	11,511
Investments	100	(73)	151	(69)
Commissions and fees	606	648	1,925	2,110
Asset management	150	140	448	442
Other	164	(25)	669	(131)
Total non-interest revenues	5,618	5,297	17,964	17,846
Interest income	9,790	3,889	26,364	6,797
Interest expense	9,739	3,369	26,208	5,050
Net interest	51	520	156	1,747
Net revenues	5,669	5,817	18,120	19,593
Provision for credit losses	93	24	379	150
Compensation and benefits	2,057	1,948	6,637	6,602
Non-compensation expenses	2,320	2,219	7,036	6,874
Total non-interest expenses	4,377	4,167	13,673	13,476
Income before provision for income taxes	1,199	1,626	4,068	5,967
Provision for income taxes	263	305	802	1,235
Net income	936	1,321	3,266	4,732
Net income (loss) applicable to noncontrolling interests	24	47	117	146
Net income applicable to Morgan Stanley	912	1,274	3,149	4,586
WM | Operating Segments
Segment Reporting Information
Investment banking	126	114	339	354
Trading	(10)	(41)	425	(681)
Investments	22	18	60	45
Commissions and fees	562	543	1,704	1,869
Asset management	3,629	3,389	10,463	10,525
Other	123	93	366	388
Total non-interest revenues	4,452	4,116	13,357	12,500
Interest income	3,797	2,626	11,124	6,208
Interest expense	1,845	622	4,858	917
Net interest	1,952	2,004	6,266	5,291
Net revenues	6,404	6,120	19,623	17,791
Provision for credit losses	41	11	150	43
Compensation and benefits	3,352	3,171	10,332	9,191
Non-compensation expenses	1,302	1,289	4,039	3,814
Total non-interest expenses	4,654	4,460	14,371	13,005
Income before provision for income taxes	1,709	1,649	5,102	4,743
Provision for income taxes	389	396	1,098	1,028
Net income	1,320	1,253	4,004	3,715
Net income (loss) applicable to noncontrolling interests	0	0	0	0
Net income applicable to Morgan Stanley	1,320	1,253	4,004	3,715
IM | Operating Segments
Segment Reporting Information
Investment banking	0	0	0	0
Trading	24	32	(2)	38
Investments	22	(113)	173	(46)
Commissions and fees	0	0	0	0
Asset management	1,312	1,269	3,828	3,961
Other	10	(1)	9	(2)
Total non-interest revenues	1,368	1,187	4,008	3,951
Interest income	37	18	95	34
Interest expense	69	37	197	71
Net interest	(32)	(19)	(102)	(37)
Net revenues	1,336	1,168	3,906	3,914
Provision for credit losses	0	0	0	0
Compensation and benefits	526	495	1,638	1,645
Non-compensation expenses	569	557	1,691	1,676
Total non-interest expenses	1,095	1,052	3,329	3,321
Income before provision for income taxes	241	116	577	593
Provision for income taxes	59	26	135	121
Net income	182	90	442	472
Net income (loss) applicable to noncontrolling interests	3	(17)	2	(26)
Net income applicable to Morgan Stanley	$ 179	$ 107	$ 440	$ 498

Segment, Geographic and Reven_4

Segment, Geographic and Revenue Information - Institutional Securities - Investment Banking Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from External Customer [Line Items]
Investment banking	$ 1,048	$ 1,373	$ 3,533	$ 4,281
Firm Investment banking revenues from contracts with customers (as a percent)	94%	89%	91%	89%
Institutional Securities | Operating Segments
Revenue from External Customer [Line Items]
Investment banking	$ 938	$ 1,277	$ 3,260	$ 3,983
Institutional Securities | Operating Segments | Institutional Securities Advisory
Revenue from External Customer [Line Items]
Investment banking	449	693	1,542	2,235
Institutional Securities | Operating Segments | Institutional Securities Underwriting
Revenue from External Customer [Line Items]
Investment banking	$ 489	$ 584	$ 1,718	$ 1,748

Segment, Geographic and Reven_5

Segment, Geographic and Revenue Information - Trading Revenues by Product Type (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue
Trading revenues	$ 3,679	$ 3,331	$ 11,958	$ 10,911
Interest rate
Disaggregation of Revenue
Trading revenues	1,124	1,070	3,701	1,930
Foreign exchange
Disaggregation of Revenue
Trading revenues	284	31	672	1,154
Equity
Disaggregation of Revenue
Trading revenues	2,167	1,872	6,782	5,869
Commodity and other
Disaggregation of Revenue
Trading revenues	447	279	1,321	1,288
Credit
Disaggregation of Revenue
Trading revenues	$ (343)	$ 79	$ (518)	$ 670

Segment, Geographic and Reven_6

Segment, Geographic and Revenue Information - Investment Management Investments Revenues - Net Unrealized Carried Interest (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Net cumulative unrealized performance-based fees at risk of reversing	$ 782	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Fee waivers	$ 27	$ 28	$ 73	$ 193

Segment, Geographic and Reven_8

Segment, Geographic and Revenue Information - Other Expenses - Transaction Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Transaction taxes	$ 222	$ 215	$ 683	$ 701

Segment, Geographic and Reven_9

Segment, Geographic and Revenue Information - Net Revenues by Region (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information
Net revenues	$ 13,273	$ 12,986	$ 41,247	$ 40,919
Americas
Segment Reporting Information
Net revenues	10,268	10,094	31,453	30,220
EMEA
Segment Reporting Information
Net revenues	1,479	1,392	4,716	5,381
Asia
Segment Reporting Information
Net revenues	$ 1,526	$ 1,500	$ 5,078	$ 5,318

Segment, Geographic and Reve_10

Segment, Geographic and Revenue Information - Revenue Recognized from Prior Services (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Non-interest revenues	$ 468	$ 788	$ 1,350	$ 2,036

Segment, Geographic and Reve_11

Segment, Geographic and Revenue Information - Receivables from Contracts with Customers (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Customer and other receivables	$ 2,334	$ 2,577

Segment, Geographic and Reve_12

Segment, Geographic and Revenue Information - Assets by Business Segment (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting Information
Assets	$ 1,169,013	$ 1,180,231
Institutional Securities
Segment Reporting Information
Assets	790,180	789,837
Wealth Management
Segment Reporting Information
Assets	361,490	373,305
Investment Management
Segment Reporting Information
Assets	$ 17,343	$ 17,089