Morgan Stanley (MS) 10-Q 3 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	Apr. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Mar. 31, 2024
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		1,625,162,676
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000895421
Current Fiscal Year End Date	--12-31
Entity Registrant Name	MORGAN STANLEY
Document Quarterly Report	true
Document Transition Report	false
Common Stock, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	MS
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series A, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series A, $0.01 par value
Trading Symbol	MS/PA
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series E, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series E, $0.01 par value
Trading Symbol	MS/PE
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series F, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series F, $0.01 par value
Trading Symbol	MS/PF
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series I, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series I, $0.01 par value
Trading Symbol	MS/PI
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series K, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series K, $0.01 par value
Trading Symbol	MS/PK
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series L, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series L, $0.01 par value
Trading Symbol	MS/PL
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series O, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series O, $0.01 par value
Trading Symbol	MS/PO
Security Exchange Name	NYSE
Non-Cumulative Preferred Stock, Series P, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Non-Cumulative Preferred Stock, Series P, $0.01 par value
Trading Symbol	MS/PP
Security Exchange Name	NYSE
Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Document Information [Line Items]
Title of 12(b) Security	Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026
Trading Symbol	MS/26C
Security Exchange Name	NYSE
Global Medium-Term Notes, Series A, Floating Rate Notes Due 2029
Document Information [Line Items]
Title of 12(b) Security	Global Medium-Term Notes, Series A, Floating Rate Notes Due 2029
Trading Symbol	MS/29
Security Exchange Name	NYSE

Consolidated Income Statement

Consolidated Income Statement - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Revenues
Investment banking		$ 1,589	$ 1,330
Trading		4,852	4,477
Investments		137	145
Commissions and fees		1,227	1,239
Asset management		5,269	4,728
Other		266	252
Total non-interest revenues		13,340	12,171
Interest income	[1]	12,930	9,980
Interest expense	[1]	11,134	7,634
Net interest		1,796	2,346
Net revenues		15,136	14,517
Provision for credit losses		(6)	234
Non-interest expenses
Compensation and benefits		6,696	6,410
Brokerage, clearing and exchange fees		921	881
Information processing and communications		976	915
Professional services		639	710
Occupancy and equipment		441	440
Marketing and business development		217	247
Other		857	920
Total non-interest expenses		10,747	10,523
Income before provision for income taxes		4,395	3,760
Provision for income taxes		933	727
Net income		3,462	3,033
Net income applicable to noncontrolling interests		50	53
Net income applicable to Morgan Stanley		3,412	2,980
Preferred stock dividends		146	144
Earnings applicable to Morgan Stanley common shareholders		$ 3,266	$ 2,836
Earnings per common share
Basic (USD per share)		$ 2.04	$ 1.72
Diluted (USD per share)		$ 2.02	$ 1.70
Average common shares outstanding
Basic (shares)		1,601	1,645
Diluted (shares)		1,616	1,663
[1] Prior period amounts have been adjusted to conform with the current period presentation. See Note 2 for additional information.

Consolidated Comprehensive Inco

Consolidated Comprehensive Income Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 3,462	$ 3,033
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(173)	20
Change in net unrealized gains (losses) on available-for-sale securities	68	512
Pension and other	4	(1)
Change in net debt valuation adjustment	(563)	(15)
Net change in cash flow hedges	(28)	7
Total other comprehensive income (loss)	(692)	523
Comprehensive income	2,770	3,556
Net income applicable to noncontrolling interests	50	53
Other comprehensive income (loss) applicable to noncontrolling interests	(56)	(19)
Comprehensive income applicable to Morgan Stanley	$ 2,776	$ 3,522

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 102,305	$ 89,232
Trading assets at fair value ($148,191 and $162,698 were pledged to various parties)	367,633	367,074
Available-for-sale at fair value (amortized cost of $91,260 and $92,149)	87,313	88,113
Held-to-maturity (fair value of $55,283 and $57,453)	65,420	66,694
Securities purchased under agreements to resell (includes $— and $7 at fair value)	122,733	110,740
Securities borrowed	132,852	121,091
Customer and other receivables	81,639	80,105
Loans:
Held for investment (net of allowance for credit losses of $1,141 and $1,169)	203,794	203,385
Held for sale	13,426	15,255
Goodwill	16,722	16,707
Intangible assets (net of accumulated amortization of $4,997 and $4,847)	6,914	7,055
Other assets	27,752	28,242
Total assets	1,228,503	1,193,693
Liabilities
Deposits (includes $6,429 and $6,472 at fair value)	352,494	351,804
Trading liabilities at fair value	152,843	151,513
Securities sold under agreements to repurchase (includes $827 and $1,020 at fair value)	82,404	62,651
Securities loaned	15,945	15,057
Other secured financings (includes $11,077 and $9,899 at fair value)	15,091	12,655
Customer and other payables	214,370	208,148
Other liabilities and accrued expenses	23,833	28,151
Borrowings (includes $95,104 and $93,900 at fair value)	271,383	263,732
Total liabilities	1,128,363	1,093,711
Commitments and contingent liabilities (see Note 13)
Equity
Preferred stock	8,750	8,750
Common stock	20	20
Additional paid-in capital	29,046	29,832
Retained earnings	99,811	97,996
Employee stock trusts	5,250	5,314
Accumulated other comprehensive income (loss)	(7,057)	(6,421)
Common stock held in treasury at cost, $0.01 par value (412,236,518 and 412,065,542 shares)	(31,372)	(31,139)
Common stock issued to employee stock trusts	(5,250)	(5,314)
Total Morgan Stanley shareholders’ equity	99,198	99,038
Noncontrolling interests	942	944
Total equity	100,140	99,982
Total liabilities and equity	$ 1,228,503	$ 1,193,693

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Trading assets pledged to various parties	$ 148,191	$ 162,698
Available-for-sale, amortized cost	91,260	92,149
Held-to-maturity, fair value	55,283	57,453
Fair value of securities purchased under agreement to resell	0	7
ACL	1,141	1,169
Intangible assets, accumulated amortization	4,997	4,847
Liabilities
Deposits at fair value	6,429	6,472
Fair value of securities sold under agreement to repurchase	827	1,020
Fair value of other secured financings	11,077	9,899
Fair value of borrowings	$ 95,104	$ 93,900
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)	1,626,657,461	1,626,828,437
Common stock held in treasury (shares)	412,236,518	412,065,542

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		Retained Earnings Cumulative Effect, Period of Adoption, Adjustment		Employee Stock Trusts	Accumulated Other Comprehensive Income (Loss)	Common Stock Held in Treasury at Cost	Common Stock Issued to Employee Stock Trusts	Noncontrolling Interests
Beginning and ending balance at Dec. 31, 2022		$ 8,750	$ 20	$ 29,339	$ 94,862		$ 0	[1]	$ 4,881	$ (6,253)	$ (26,577)	$ (4,881)	$ 1,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				(483)					462		1,304	(462)
Net income applicable to Morgan Stanley	$ 2,980				2,980
Preferred stock dividends	(144)				(144)	[2]
Common stock dividends	(1,305)				(1,305)	[2]
Other net increases (decreases)					(1)								4
Net change in Accumulated other comprehensive income (loss)	523									542			(19)
Repurchases of common stock and employee tax withholdings											(2,208)
Net income applicable to noncontrolling interests	53												53
Ending balance at Mar. 31, 2023	101,954		20	28,856	96,392				5,343	(5,711)	(27,481)	(5,343)	1,128
Beginning and ending balance at Dec. 31, 2023	99,982	$ 8,750	20	29,832	97,996		$ (60)		5,314	(6,421)	(31,139)	(5,314)	944
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based award activity				(786)					(64)		1,485	64
Net income applicable to Morgan Stanley	3,412				3,412
Preferred stock dividends	(146)				(146)	[2]
Common stock dividends	(1,390)				(1,390)	[2]
Other net increases (decreases)					(1)								4
Net change in Accumulated other comprehensive income (loss)	(692)									(636)			(56)
Repurchases of common stock and employee tax withholdings											(1,718)
Net income applicable to noncontrolling interests	50												50
Ending balance at Mar. 31, 2024	$ 100,140		$ 20	$ 29,046	$ 99,811				$ 5,250	$ (7,057)	$ (31,372)	$ (5,250)	$ 942
[1] The Firm adopted the Investments - Tax Credit Structures accounting standard update on January 1, 2024. Refer to Note 2 for further information.

Consolidated Cash Flow Statemen

Consolidated Cash Flow Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net income	$ 3,462	$ 3,033
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Stock-based compensation expense	442	558
Depreciation and amortization	975	940
Provision for credit losses	(6)	234
Other operating adjustments	(12)	66
Changes in assets and liabilities:
Trading assets, net of Trading liabilities	(1,395)	2,582
Securities borrowed	(11,761)	(12,842)
Securities loaned	888	(91)
Customer and other receivables and other assets	272	4,899
Customer and other payables and other liabilities	3,735	777
Securities purchased under agreements to resell	(11,993)	(7,978)
Securities sold under agreements to repurchase	19,753	(2,043)
Net cash provided by (used for) operating activities	4,360	(9,865)
Proceeds from (payments for):
Other assets—Premises, equipment and software	(816)	(719)
Changes in loans, net	(355)	(822)
AFS securities:
Purchases	(9,019)	(3,475)
Proceeds from sales	4,548	1,466
Proceeds from paydowns and maturities	5,308	3,460
HTM securities:
Purchases	(1,453)	0
Proceeds from paydowns and maturities	3,112	1,617
Other investing activities	(271)	(2,568)
Net cash provided by (used for) investing activities	1,054	(1,041)
Net proceeds from (payments for):
Other secured financings	1,225	356
Deposits	534	(9,084)
Proceeds from issuance of Borrowings	28,079	21,219
Payments for:
Borrowings	(17,721)	(15,201)
Repurchases of common stock and employee tax withholdings	(1,718)	(2,205)
Cash dividends	(1,496)	(1,406)
Other financing activities	(46)	33
Net cash provided by (used for) financing activities	8,857	(6,288)
Effect of exchange rate changes on cash and cash equivalents	(1,198)	325
Net increase (decrease) in cash and cash equivalents	13,073	(16,869)
Cash and cash equivalents, at beginning of period	89,232	128,127
Cash and cash equivalents, at end of period	102,305	111,258
Supplemental Disclosure of Cash Flow Information
Cash payments for interest	11,878	8,912
Cash payments for income taxes, net of refunds	$ 233	$ 307

Introduction and Basis of Prese

Introduction and Basis of Presentation	3 Months Ended
	Mar. 31, 2024
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 2023 Form 10-K. Certain footnote disclosures included in the 2023 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 2023 Form 10-K.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies For 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 2023 Form 10-K. In the first quarter of 2024, the Firm implemented certain presentation changes that impacted interest income and interest expense but had no effect on net interest income. These changes were made to align the accounting treatment between the balance sheet and the related interest income or expense, primarily by offsetting interest income and expense for certain prime brokerage-related customer receivables and payables that are currently accounted for as a single unit of account on the balance sheet. The current and previous presentation of these interest income and interest expense amounts are acceptable and the change does not represent a change in accounting principle. These changes were applied retrospectively to the income statement in 2023 and accordingly, prior period amounts were adjusted to conform with the current presentation. During the three months ended March 31, 2024 there were no significant updates to the Firm’s significant accounting policies, other than for the accounting updates adopted. Accounting Updates Adopted in 2024 Investments - Tax Credit Structures The Firm adopted the Investments - Equity Method and Joint Ventures - Tax Credit Structures accounting update on January 1, 2024 using the modified retrospective method. This accounting update permits an election to account for tax equity investments using the proportional amortization method if certain conditions are met. Under the proportional amortization method, the initial cost of the investment is amortized in proportion to the income tax credits and other income tax benefits received and recognized net in the income statement as a component of provision for income taxes. The update requires a separate accounting policy election to be made for each tax credit program. Additional disclosures are required regarding (i) the nature of our tax equity investments and (ii) the effect of our tax equity investments and related income tax credits on the financial condition and results of operations (see Note 10).

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
	Mar. 31, 2024
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents $ in millions At At Cash and due from banks $ 8,356 $ 7,323 Interest bearing deposits with banks 93,949 81,909 Total Cash and cash equivalents $ 102,305 $ 89,232 Restricted cash $ 32,492 $ 30,571 For additional information on cash and cash equivalents, including restricted cash, see Note 2 to the financial statements in the 2023 Form 10-K.

Fair Values

Fair Values	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Values	Fair Values Recurring Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis At March 31, 2024 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 64,272 $ 44,638 $ — $ — $ 108,910 Other sovereign government obligations 27,671 11,170 64 — 38,905 State and municipal securities — 1,927 102 — 2,029 MABS — 1,689 457 — 2,146 Loans and lending commitments 2 — 8,030 1,895 — 9,925 Corporate and other debt — 37,304 2,042 — 39,346 Corporate equities 3,5 118,398 715 268 — 119,381 Derivative and other contracts: Interest rate 2,067 133,957 843 — 136,867 Credit 1 10,049 401 — 10,451 Foreign exchange 34 72,069 249 — 72,352 Equity 1,831 74,034 595 — 76,460 Commodity and other 1,763 12,108 2,894 — 16,765 Netting 1 (4,301) (230,318) (1,002) (39,842) (275,463) Total derivative and other contracts 1,395 71,899 3,980 (39,842) 37,432 Investments 4,5 1,049 879 970 — 2,898 Physical commodities — 1,322 — — 1,322 Total trading assets 4 212,785 179,573 9,778 (39,842) 362,294 Investment securities—AFS 58,224 29,089 — — 87,313 Total assets at fair value $ 271,009 $ 208,662 $ 9,778 $ (39,842) $ 449,607 At March 31, 2024 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 6,378 $ 51 $ — $ 6,429 Trading liabilities: U.S. Treasury and agency securities 24,479 25 — — 24,504 Other sovereign government obligations 30,427 3,624 — — 34,051 Corporate and other debt — 12,654 39 — 12,693 Corporate equities 3 49,284 267 34 — 49,585 Derivative and other contracts: Interest rate 1,823 124,827 795 — 127,445 Credit — 10,623 274 — 10,897 Foreign exchange 151 66,542 229 — 66,922 Equity 1,975 87,270 1,584 — 90,829 Commodity and other 1,874 10,851 1,684 — 14,409 Netting 1 (4,301) (230,318) (1,002) (42,871) (278,492) Total derivative and other contracts 1,522 69,795 3,564 (42,871) 32,010 Total trading liabilities 105,712 86,365 3,637 (42,871) 152,843 Securities sold under agreements to repurchase — 367 460 — 827 Other secured financings — 11,003 74 — 11,077 Borrowings — 93,077 2,027 — 95,104 Total liabilities at fair value $ 105,712 $ 197,190 $ 6,249 $ (42,871) $ 266,280 At December 31, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 56,459 $ 53,741 $ — $ — $ 110,200 Other sovereign government obligations 22,580 9,946 94 — 32,620 State and municipal securities — 2,148 34 — 2,182 MABS — 1,540 489 — 2,029 Loans and lending commitments 2 — 6,122 2,066 — 8,188 Corporate and other debt — 35,833 1,983 — 37,816 Corporate equities 3 126,772 929 199 — 127,900 Derivative and other contracts: Interest rate 7,284 140,139 784 — 148,207 Credit — 10,244 393 — 10,637 Foreign exchange 12 93,218 20 — 93,250 Equity 2,169 55,319 587 — 58,075 Commodity and other 1,608 11,862 2,811 — 16,281 Netting 1 (7,643) (237,497) (1,082) (42,915) (289,137) Total derivative and other contracts 3,430 73,285 3,513 (42,915) 37,313 Investments 4 781 836 949 — 2,566 Physical commodities — 736 — — 736 Total trading assets 4 210,022 185,116 9,327 (42,915) 361,550 Investment securities—AFS 57,405 30,708 — — 88,113 Securities purchased under agreements to resell — 7 — — 7 Total assets at fair value $ 267,427 $ 215,831 $ 9,327 $ (42,915) $ 449,670 At December 31, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 6,439 $ 33 $ — $ 6,472 Trading liabilities: U.S. Treasury and agency securities 27,708 16 — — 27,724 Other sovereign government obligations 26,829 3,955 6 — 30,790 Corporate and other debt — 10,560 9 — 10,569 Corporate equities 3 46,809 300 45 — 47,154 Derivative and other contracts: Interest rate 8,000 129,983 857 — 138,840 Credit — 10,795 297 — 11,092 Foreign exchange 96 89,880 385 — 90,361 Equity 2,411 64,794 1,689 — 68,894 Commodity and other 1,642 11,904 1,521 — 15,067 Netting 1 (7,643) (237,497) (1,082) (42,757) (288,979) Total derivative and other contracts 4,506 69,859 3,667 (42,757) 35,275 Total trading liabilities 105,852 84,690 3,727 (42,757) 151,512 Securities sold under agreements to repurchase — 571 449 — 1,020 Other secured financings — 9,807 92 — 9,899 Borrowings — 92,022 1,878 — 93,900 Total liabilities at fair value $ 105,852 $ 193,529 $ 6,179 $ (42,757) $ 262,803 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 March 31, 2024 and December 31, 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 Commercial Real Estate $ 1,141 $ 422 Residential Real Estate 3,338 2,909 Securities-based lending and Other loans 5,446 4,857 Total $ 9,925 $ 8,188 Unsettled Fair Value of Futures Contracts 1 $ in millions At At Customer and other receivables (payables), net $ 1,524 $ 1,062 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 4 to the financial statements in the 2023 Form 10-K. During the current quarter, there were no significant revisions made to the Firm’s valuation techniques. Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended $ in millions 2024 2023 U.S. Treasury and agency securities Beginning balance $ — $ 17 Purchases — (9) Sales — (7) Ending balance $ — $ 1 Unrealized gains (losses) $ — $ — Other sovereign government obligations Beginning balance $ 94 $ 169 Realized and unrealized gains (losses) (2) 4 Purchases 3 78 Sales (8) (54) Net transfers (23) (1) Ending balance $ 64 $ 196 Unrealized gains (losses) $ 1 $ 4 State and municipal securities Beginning balance $ 34 $ 145 Purchases 2 — Sales (32) (40) Net transfers 98 (102) Ending balance $ 102 $ 3 Unrealized gains (losses) $ — $ — MABS Beginning balance $ 489 $ 416 Realized and unrealized gains (losses) 6 2 Purchases 48 57 Sales (84) (45) Net transfers (2) 24 Ending balance $ 457 $ 454 Unrealized gains (losses) $ (8) $ 1 Loans and lending commitments Beginning balance $ 2,066 $ 2,017 Realized and unrealized gains (losses) (10) (26) Purchases and originations 483 535 Sales (410) (193) Settlements (122) (235) Net transfers (112) (41) Ending balance $ 1,895 $ 2,057 Unrealized gains (losses) $ (10) $ (25) Three Months Ended $ in millions 2024 2023 Corporate and other debt Beginning balance $ 1,983 $ 2,096 Realized and unrealized gains (losses) 50 34 Purchases and originations 196 508 Sales (122) (446) Settlements (2) — Net transfers (63) 51 Ending balance $ 2,042 $ 2,243 Unrealized gains (losses) $ 108 $ 64 Corporate equities Beginning balance $ 199 $ 116 Realized and unrealized gains (losses) (64) (8) Purchases 10 19 Sales (12) (25) Net transfers 135 42 Ending balance $ 268 $ 144 Unrealized gains (losses) $ (2) $ (2) Investments Beginning balance $ 949 $ 923 Realized and unrealized gains (losses) 20 14 Purchases 3 47 Sales (2) (24) Net transfers — (5) Ending balance $ 970 $ 955 Unrealized gains (losses) $ (5) $ 10 Investment securities—AFS Beginning balance $ — $ 35 Realized and unrealized gains (losses) — 1 Net transfers — (36) Ending balance $ — $ — Unrealized gains (losses) $ — $ 1 Net derivatives: Interest rate Beginning balance $ (73) $ (151) Realized and unrealized gains (losses) 113 (149) Purchases 31 10 Issuances (16) (8) Settlements (112) 189 Net transfers 105 (108) Ending balance $ 48 $ (217) Unrealized gains (losses) $ 119 $ 29 Three Months Ended $ in millions 2024 2023 Net derivatives: Credit Beginning balance $ 96 $ 110 Realized and unrealized gains (losses) (11) (27) Settlements 48 (31) Net transfers (6) (4) Ending balance $ 127 $ 48 Unrealized gains (losses) $ (9) $ (28) Net derivatives: Foreign exchange Beginning balance $ (365) $ 66 Realized and unrealized gains (losses) 301 (11) Purchases 9 — Issuances — (3) Settlements (28) 40 Net transfers 103 (26) Ending balance $ 20 $ 66 Unrealized gains (losses) $ 348 $ (10) Net derivatives: Equity Beginning balance $ (1,102) $ (736) Realized and unrealized gains (losses) 171 16 Purchases 47 39 Issuances (49) (161) Settlements 77 (30) Net transfers (133) 95 Ending balance $ (989) $ (777) Unrealized gains (losses) $ 192 $ (30) Net derivatives: Commodity and other Beginning balance $ 1,290 $ 1,083 Realized and unrealized gains (losses) 44 446 Purchases 87 16 Issuances (44) (3) Settlements (153) (103) Net transfers (14) 160 Ending balance $ 1,210 $ 1,599 Unrealized gains (losses) $ (132) $ 211 Deposits Beginning balance $ 33 $ 20 Realized and unrealized losses (gains) 1 — Issuances 2 6 Settlements (1) — Net transfers 16 3 Ending balance $ 51 $ 29 Unrealized losses (gains) $ 1 $ — Nonderivative trading liabilities Beginning balance $ 60 $ 74 Realized and unrealized losses (gains) 4 (7) Purchases (38) (44) Sales 27 113 Net transfers 20 24 Ending balance $ 73 $ 160 Unrealized losses (gains) $ 4 $ (5) Three Months Ended $ in millions 2024 2023 Securities sold under agreements to repurchase Beginning balance $ 449 $ 512 Realized and unrealized losses (gains) 11 11 Settlements — (9) Ending balance $ 460 $ 514 Unrealized losses (gains) $ 11 $ 11 Other secured financings Beginning balance $ 92 $ 91 Realized and unrealized losses (gains) (4) 2 Issuances 7 41 Settlements (21) (19) Ending balance $ 74 $ 115 Unrealized losses (gains) $ (4) $ 2 Borrowings Beginning balance $ 1,878 $ 1,587 Realized and unrealized losses (gains) 51 48 Issuances 217 239 Settlements (109) (82) Net transfers (10) (143) Ending balance $ 2,027 $ 1,649 Unrealized losses (gains) $ 50 $ 45 Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 22 9 Level 3 instruments may be hedged with instruments classified in Level 1 and Level 2. The realized and unrealized gains or losses for assets and liabilities within the Level 3 category presented in the previous tables do not reflect the related realized and unrealized gains or losses on hedging instruments that have been classified by the Firm within the Level 1 and/or Level 2 categories. The unrealized gains (losses) during the period for assets and liabilities within the Level 3 category may include changes in fair value during the period that were attributable to both observable and unobservable inputs. Total realized and unrealized gains (losses) are primarily included in Trading revenues in the income statement. Additionally, in the previous tables, consolidations of VIEs are included in Purchases, and deconsolidations of VIEs are included in Settlements. Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements Valuation Techniques and Unobservable Inputs Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2024 At December 31, 2023 Assets at Fair Value on a Recurring Basis Other sovereign government obligations $ 64 $ 94 Comparable pricing: Bond price 62 to 116 points (87 points) 61 to 110 points (87 points) State and municipal securities $ 102 $ 34 Comparable pricing: Bond price 99 to 100 points (100 points) N/M MABS $ 457 $ 489 Comparable pricing: Bond price 0 to 88 points (60 points) 0 to 88 points (61 points) Loans and lending commitments $ 1,895 $ 2,066 Margin loan model: Margin loan rate 2% to 4% (3%) 2% to 4% (3%) Comparable pricing: Loan price 84 to 101 points (97 points) 85 to 102 points (98 points) Corporate and other debt $ 2,042 $ 1,983 Comparable pricing: Bond price 28 to 130 points (85 points) 28 to 135 points (82 points) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Corporate equities $ 268 $ 199 Comparable pricing: Equity price 100% 100% Investments $ 970 $ 949 Discounted cash flow: WACC 9% to 17% (12%) 16% to 18% (17%) Exit multiple 9 to 10 times (10 times) 9 to 17 times (15 times) Market approach: EBITDA multiple 21 times 22 times Comparable pricing: Equity price 24% to 100% (85%) 24% to 100% (86%) Net derivative and other contracts: Interest rate $ 48 $ (73) Option model: IR volatility skew 69% to 87% (75% / 70%) 70% to 100% (81% / 93%) IR curve correlation 70% to 87% (83% / 85%) 49% to 99% (77% / 79%) Bond volatility 100% to 110% (106% / 110%) 79% to 85% (82% / 85%) Inflation volatility 29% to 70% (43% / 39%) 27% to 70% (43% / 39%) Credit $ 127 $ 96 Credit default swap model: Cash-synthetic basis 7 points 7 points Bond price 0 to 92 points (47 points) 0 to 92 points (46 points) Credit spread 10 to 365 bps (96 bps) 10 to 404 bps (94 bps) Funding spread 18 to 590 bps (71 bps) 18 to 590 bps (67 bps) Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2024 At December 31, 2023 Foreign exchange 2 $ 20 $ (365) Option model: IR curve -1% to 14% (5% / 4%) -4% to 26% (7% / 5%) Foreign exchange volatility skew N/M -3% to 12% (2% / 0%) Contingency probability 70% to 95% (90% / 95%) 95% Equity 2 $ (989) $ (1,102) Option model: Equity volatility 6% to 92% (19%) 6% to 97% (23%) Equity volatility skew -1% to 0% (-1%) -1% to 0% (0%) Equity correlation 25% to 99% (59%) 25% to 97% (49%) FX correlation -74% to 50% (-19%) -79% to 40% (-28%) IR correlation 13% to 30% (14%) 10% to 30% (15%) Commodity and other $ 1,210 $ 1,290 Option model: Forward power price $0 to $186 ($48) per MWh $0 to $220 ($49) per MWh Commodity volatility 10% to 115% (31%) 8% to 123% (31%) Cross-commodity correlation 54% to 100% (94%) 54% to 100% (94%) Liabilities Measured at Fair Value on a Recurring Basis Deposits $ 51 N/M Option model: Equity volatility 7% to 13% (7%) N/M Securities sold under agreements to repurchase $ 460 $ 449 Discounted cash flow: Funding spread 6 to 134 bps (42 / 30 bps) 28 to 135 bps (79 bps) Other secured financings $ 74 $ 92 Comparable pricing: Loan price 22 to 101 points (73 points) 22 to 101 points (76 points) Borrowings $ 2,027 $ 1,878 Option model: Equity volatility 4% to 70% (14%) 6% to 69% (13%) Equity volatility skew -1% to 0% (0%) -2% to 0% (0%) Equity correlation 25% to 98% (61%) 41% to 97% (79%) Equity - FX correlation -60% to 40% (-33%) -65% to 40% (-30%) IR curve correlation 60% to 99% (88% / 92%) 50% to 89% (71% / 70%) Credit default swap model: Credit spread 328 to 480 bps (404 bps) N/M Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Nonrecurring Fair Value Measurement Loans $ 5,119 $ 4,532 Corporate loan model: Credit spread 110 to 1890 bps (1053 bps) 99 to 1467 bps (1015 bps) Comparable pricing: Loan price 42 to 100 points (86 points) 25 to 93 points (70 points) Warehouse model: Credit spread 110 to 275 bps (162 bps) 115 to 268 bps (185 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 4 to the financial statements in the 2023 Form 10-K. During the current quarter, there were no significant revisions made to the descriptions of the Firm’s significant unobservable inputs. Net Asset Value Measurements Fund Interests At March 31, 2024 At December 31, 2023 $ in millions Carrying Commitment Carrying Commitment Private equity $ 2,460 $ 693 $ 2,685 $ 720 Real estate 2,803 235 2,765 240 Hedge 77 3 74 3 Total $ 5,340 $ 931 $ 5,524 $ 963 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 4 to the financial statements in the 2023 Form 10-K. See Note 13 for information regarding general partner guarantees, which include potential obligations to return performance fee distributions previously received. See Note 19 for information regarding unrealized carried interest at risk of reversal. Nonredeemable Funds by Contractual Maturity Carrying Value at March 31, 2024 $ in millions Private Equity Real Estate Less than 5 years $ 1,122 $ 947 5-10 years 1,242 1,816 Over 10 years 96 40 Total $ 2,460 $ 2,803 Nonrecurring Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis At March 31, 2024 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans 2,460 5,119 7,579 Total $ 2,460 $ 5,119 $ 7,579 Liabilities Other liabilities and accrued expenses—Lending commitments $ 70 $ 58 $ 128 Total $ 70 $ 58 $ 128 At December 31, 2023 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 4,215 $ 4,532 $ 8,747 Other assets—Other investments — 4 4 Other assets—ROU assets 23 — 23 Total $ 4,238 $ 4,536 $ 8,774 Liabilities Other liabilities and accrued expenses—Lending commitments $ 110 $ 60 $ 170 Total $ 110 $ 60 $ 170 1. For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement. Gains (Losses) from Nonrecurring Fair Value Remeasurements 1 Three Months Ended $ in millions 2024 2023 Assets Loans 2 $ (22) $ 19 Other assets—Premises, equipment and software 3 — (3) Total $ (22) $ 16 Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ 1 $ 34 Total $ 1 $ 34 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—Premises, equipment and software generally include impairments as well as write-offs related to the disposal of certain assets. Financial Instruments Not Measured at Fair Value At March 31, 2024 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 102,305 $ 102,305 $ — $ — $ 102,305 Investment securities—HTM 65,420 19,768 34,355 1,160 55,283 Securities purchased under agreements to resell 122,733 — 120,543 2,200 122,743 Securities borrowed 132,852 — 132,852 — 132,852 Customer and other receivables 75,427 — 71,198 4,010 75,208 Loans 1,2 Held for investment 203,794 — 15,513 181,932 197,445 Held for sale 13,426 — 6,002 7,511 13,513 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 346,065 $ — $ 346,166 $ — $ 346,166 Securities sold under agreements to repurchase 81,577 — 81,560 — 81,560 Securities loaned 15,945 — 15,945 — 15,945 Other secured financings 4,014 — 4,013 — 4,013 Customer and other payables 214,263 — 214,263 — 214,263 Borrowings 176,279 — 178,960 55 179,015 Commitment Lending commitments 3 $ 157,086 $ — $ 1,108 $ 833 $ 1,941 At December 31, 2023 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 89,232 $ 89,232 $ — $ — $ 89,232 Investment securities—HTM 66,694 21,937 34,411 1,105 57,453 Securities purchased under agreements to resell 110,733 — 108,099 2,674 110,773 Securities borrowed 121,091 — 121,091 — 121,091 Customer and other receivables 74,337 — 70,110 4,031 74,141 Loans 1,2 Held for investment 203,385 — 20,125 176,291 196,416 Held for sale 15,255 — 8,652 6,672 15,324 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 345,332 $ — $ 345,391 $ — $ 345,391 Securities sold under agreements to repurchase 61,631 — 61,621 — 61,621 Securities loaned 15,057 — 15,055 — 15,055 Other secured financings 2,756 — 2,756 — 2,756 Customer and other payables 208,015 — 208,015 — 208,015 Borrowings 169,832 — 171,009 4 171,013 Commitment Lending commitments 3 $ 149,464 $ — $ 1,338 $ 749 $ 2,087 1. Amounts include loans measured at fair value on a nonrecurring basis. 2. Loans amounts have been disaggregated into HFI and HFS for the first time in the fourth quarter of 2023. Prior period amounts have been revised to match the current period presentation. 3. Represents Lending commitments accounted for as Held for Investment and Held for Sale. For a further discussion on lending commitments, see Note 13. The previous tables exclude all non-financial assets and liabilities, such as Goodwill and Intangible assets, and certain financial instruments, such as equity method investments and certain receivables.

Fair Value Option

Fair Value Option	3 Months Ended
	Mar. 31, 2024
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 $ 47,086 $ 46,073 Interest rates 30,553 31,055 Commodities 13,480 12,798 Credit 2,384 2,400 Foreign exchange 1,601 1,574 Total $ 95,104 $ 93,900 Net Revenues from Borrowings under the Fair Value Option Three Months Ended $ in millions 2024 2023 Trading revenues $ (114) $ (4,378) Interest expense 144 108 Net revenues 1 $ (258) $ (4,486) 1. Amounts do not reflect any gains or losses from related economic hedges. Gains (losses) from changes in fair value are recorded in Trading revenues and are mainly attributable to movements in the reference price or index, interest rates or foreign exchange rates. Gains (Losses) Due to Changes in Instrument-Specific Credit Risk Three Months Ended March 31, 2024 2023 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ 26 $ — $ (43) $ — Lending commitments (3) — 11 — Deposits — (4) — 93 Borrowings (10) (737) (6) (117) $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (2,907) $ (2,166) 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 $ 10,667 $ 11,086 Nonaccrual loans 2 8,101 8,566 Borrowings 3 3,085 3,030 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 $ 568 $ 440 Nonaccrual loans 90 or more days past due 176 75

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Fair Values of Derivative Contracts Assets at March 31, 2024 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 4 $ — $ — $ 4 Foreign exchange 83 20 — 103 Total 87 20 — 107 Not designated as accounting hedges Economic hedges of loans Credit 3 30 — 33 Other derivatives Interest rate 120,182 16,370 311 136,863 Credit 5,522 4,896 — 10,418 Foreign exchange 70,243 1,968 38 72,249 Equity 24,722 — 51,738 76,460 Commodity and other 14,511 — 2,254 16,765 Total 235,183 23,264 54,341 312,788 Total gross derivatives $ 235,270 $ 23,284 $ 54,341 $ 312,895 Amounts offset Counterparty netting (163,903) (20,569) (51,634) (236,106) Cash collateral netting (37,516) (1,841) — (39,357) Total in Trading assets $ 33,851 $ 874 $ 2,707 $ 37,432 Amounts not offset 1 Financial instruments collateral (17,375) — — (17,375) Net amounts $ 16,476 $ 874 $ 2,707 $ 20,057 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 2,798 Liabilities at March 31, 2024 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 482 $ — $ — $ 482 Foreign exchange 16 12 — 28 Total 498 12 — 510 Not designated as accounting hedges Economic hedges of loans Credit 44 779 — 823 Other derivatives Interest rate 112,206 14,460 297 126,963 Credit 5,550 4,524 — 10,074 Foreign exchange 64,588 2,149 157 66,894 Equity 38,982 — 51,847 90,829 Commodity and other 11,770 — 2,639 14,409 Total 233,140 21,912 54,940 309,992 Total gross derivatives $ 233,638 $ 21,924 $ 54,940 $ 310,502 Amounts offset Counterparty netting (163,903) (20,569) (51,634) (236,106) Cash collateral netting (41,077) (1,309) — (42,386) Total in Trading liabilities $ 28,658 $ 46 $ 3,306 $ 32,010 Amounts not offset 1 Financial instruments collateral (4,092) — (341) (4,433) Net amounts $ 24,566 $ 46 $ 2,965 $ 27,577 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable 4,950 Assets at December 31, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 25 $ — $ — $ 25 Foreign exchange 5 5 — 10 Total 30 5 — 35 Not designated as accounting hedges Economic hedges of loans Credit 2 27 — 29 Other derivatives Interest rate 127,414 19,914 854 148,182 Credit 5,712 4,896 — 10,608 Foreign exchange 90,654 2,570 16 93,240 Equity 20,338 — 37,737 58,075 Commodity and other 13,928 — 2,353 16,281 Total 258,048 27,407 40,960 326,415 Total gross derivatives $ 258,078 $ 27,412 $ 40,960 $ 326,450 Amounts offset Counterparty netting (184,553) (23,851) (38,510) (246,914) Cash collateral netting (39,493) (2,730) — (42,223) Total in Trading assets $ 34,032 $ 831 $ 2,450 $ 37,313 Amounts not offset 1 Financial instruments collateral (15,690) — — (15,690) Net amounts $ 18,342 $ 831 $ 2,450 $ 21,623 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 2,641 Liabilities at December 31, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 467 $ — $ — $ 467 Foreign exchange 414 43 — 457 Total 881 43 — 924 Not designated as accounting hedges Economic hedges of loans Credit 43 702 — 745 Other derivatives Interest rate 120,604 17,179 590 138,373 Credit 5,920 4,427 — 10,347 Foreign exchange 87,104 2,694 106 89,904 Equity 31,545 — 37,349 68,894 Commodity and other 12,237 — 2,830 15,067 Total 257,453 25,002 40,875 323,330 Total gross derivatives $ 258,334 $ 25,045 $ 40,875 $ 324,254 Amounts offset Counterparty netting (184,553) (23,851) (38,510) (246,914) Cash collateral netting (41,082) (983) — (42,065) Total in Trading liabilities $ 32,699 $ 211 $ 2,365 $ 35,275 Amounts not offset 1 Financial instruments collateral (6,864) (8) (37) (6,909) Net amounts $ 25,835 $ 203 $ 2,328 $ 28,366 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 5,911 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 netting criteria are not met in accordance with applicable offsetting accounting guidance. See Note 4 for information related to the unsettled fair value of futures contracts not designated as accounting hedges, which are excluded from the previous tables. Notionals of Derivative Contracts Assets at March 31, 2024 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 88 $ — $ 88 Foreign exchange 14 2 — 16 Total 14 90 — 104 Not designated as accounting hedges Economic hedges of loans Credit — — — — Other derivatives Interest rate 4,324 7,845 570 12,739 Credit 203 161 — 364 Foreign exchange 3,692 193 14 3,899 Equity 583 — 509 1,092 Commodity and other 137 — 70 207 Total 8,939 8,199 1,163 18,301 Total gross derivatives $ 8,953 $ 8,289 $ 1,163 $ 18,405 Liabilities at March 31, 2024 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 195 $ — $ 197 Foreign exchange 1 2 — 3 Total 3 197 — 200 Not designated as accounting hedges Economic hedges of loans Credit 2 21 — 23 Other derivatives Interest rate 4,639 7,457 427 12,523 Credit 217 143 — 360 Foreign exchange 3,742 196 43 3,981 Equity 666 — 788 1,454 Commodity and other 103 — 83 186 Total 9,369 7,817 1,341 18,527 Total gross derivatives $ 9,372 $ 8,014 $ 1,341 $ 18,727 Assets at December 31, 2023 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ — $ 92 $ — $ 92 Foreign exchange 1 1 — 2 Total 1 93 — 94 Not designated as accounting hedges Economic hedges of loans Credit — 1 — 1 Other derivatives Interest rate 4,153 8,357 560 13,070 Credit 214 176 — 390 Foreign exchange 3,378 165 7 3,550 Equity 528 — 440 968 Commodity and other 142 — 65 207 Total 8,415 8,699 1,072 18,186 Total gross derivatives $ 8,416 $ 8,792 $ 1,072 $ 18,280 Liabilities at December 31, 2023 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 3 $ 183 $ — $ 186 Foreign exchange 14 3 — 17 Total 17 186 — 203 Not designated as accounting hedges Economic hedges of loans Credit 2 22 — 24 Other derivatives Interest rate 4,631 8,197 455 13,283 Credit 229 155 — 384 Foreign exchange 3,496 167 33 3,696 Equity 587 — 712 1,299 Commodity and other 101 — 79 180 Total 9,046 8,541 1,279 18,866 Total gross derivatives $ 9,063 $ 8,727 $ 1,279 $ 19,069 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 6 to the financial statements in the 2023 Form 10-K. Gains (Losses) on Accounting Hedges Three Months Ended March 31, $ in millions 2024 2023 Fair value hedges—Recognized in Interest income Interest rate contracts $ 572 $ (372) Investment Securities—AFS (552) 381 Fair value hedges—Recognized in Interest expense Interest rate contracts $ (2,127) $ 2,284 Deposits 10 (54) Borrowings 2,109 (2,240) Net investment hedges—Foreign exchange contracts Recognized in OCI $ 371 $ (89) Forward points excluded from hedge effectiveness testing—Recognized in Interest income 48 43 Cash flow hedges—Interest rate contracts 1 Recognized in OCI $ (47) $ 7 Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income (11) (1) Net change in cash flow hedges included within AOCI (36) 8 1. For the current quarter ended March 31, 2024, there were no forecasted transactions that failed to occur. The net gains (losses) associated with cash flow hedges expected to be reclassified from AOCI within 12 months as of March 31, 2024, is approximately $(46) million. The maximum length of time over which forecasted cash flows are hedged is 15 months. Fair Value Hedges—Hedged Items $ in millions At At Investment Securities—AFS Amortized cost basis currently or previously hedged $ 46,737 $ 47,179 Basis adjustments included in amortized cost 1 $ (1,120) $ (732) Deposits Carrying amount currently or previously hedged $ 12,216 $ 10,569 Basis adjustments included in carrying amount 1 $ (41) $ (31) Borrowings Carrying amount currently or previously hedged $ 163,127 $ 158,659 Basis adjustments included in carrying amount — Outstanding hedges $ (11,305) $ (9,219) Basis adjustments included in carrying amount — Terminated hedges $ (666) $ (671) 1. Hedge accounting basis adjustments are primarily related to outstanding hedges. Gains (Losses) on Economic Hedges of Loans Three Months Ended March 31, $ in millions 2024 2023 Recognized in Other revenues Credit contracts 1 $ (123) $ (161) 1. Amounts related to hedges of certain held-for-investment and held-for-sale loans. Net Derivative Liabilities and Collateral Posted $ in millions At At Net derivative liabilities with credit risk-related contingent features $ 18,862 $ 21,957 Collateral posted 12,746 16,389 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 $ 359 Two-notch downgrade 411 Bilateral downgrade agreements included in the amounts above 1 $ 624 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 Moody’s Investors Service, Inc., S&P Global Ratings and/or other rating agencies. The previous table shows the future potential collateral amounts and termination payments that could be called or required by counterparties or exchange and clearing organizations in the event of one-notch or two-notch downgrade scenarios based on the relevant contractual downgrade triggers. Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at March 31, 2024 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 19 $ 29 $ 40 $ 14 $ 102 Non-investment grade 7 14 17 4 42 Total $ 26 $ 43 $ 57 $ 18 $ 144 Index and basket CDS Investment grade $ 8 $ 19 $ 46 $ 7 $ 80 Non-investment grade 9 14 77 34 134 Total $ 17 $ 33 $ 123 $ 41 $ 214 Total CDS sold $ 43 $ 76 $ 180 $ 59 $ 358 Other credit contracts — — — 3 3 Total credit protection sold $ 43 $ 76 $ 180 $ 62 $ 361 CDS protection sold with identical protection purchased $ 306 Years to Maturity at December 31, 2023 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 19 $ 29 $ 39 $ 10 $ 97 Non-investment grade 7 14 17 1 39 Total $ 26 $ 43 $ 56 $ 11 $ 136 Index and basket CDS Investment grade $ 8 $ 19 $ 85 $ 4 $ 116 Non-investment grade 8 14 95 17 134 Total $ 16 $ 33 $ 180 $ 21 $ 250 Total CDS sold $ 42 $ 76 $ 236 $ 32 $ 386 Other credit contracts — — — 3 3 Total credit protection sold $ 42 $ 76 $ 236 $ 35 $ 389 CDS protection sold with identical protection purchased $ 330 Fair Value Asset (Liability) of Credit Protection Sold 1 $ in millions At At Single-name CDS Investment grade $ 2,167 $ 1,904 Non-investment grade 444 399 Total $ 2,611 $ 2,303 Index and basket CDS Investment grade $ 1,829 $ 1,929 Non-investment grade 464 45 Total $ 2,293 $ 1,974 Total CDS sold $ 4,904 $ 4,277 Other credit contracts 276 314 Total credit protection sold $ 5,180 $ 4,591 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 $ 174 $ 166 Index and basket 182 213 Tranched index and basket 32 30 Total $ 388 $ 409 Fair Value Asset (Liability) $ in millions At At Single name $ (3,114) $ (2,799) Index and basket (1,249) (1,208) Tranched index and basket (1,256) (1,012) Total $ (5,619) $ (5,019) 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 6 to the financial statements in the 2023 Form 10-K.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities AFS and HTM Securities At March 31, 2024 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 59,035 $ 49 $ 860 $ 58,224 U.S. agency securities 2 25,232 4 2,726 22,510 Agency CMBS 5,762 — 420 5,342 State and municipal securities 476 18 2 492 FFELP student loan ABS 3 755 1 11 745 Total AFS securities 91,260 72 4,019 87,313 HTM securities U.S. Treasury securities 21,138 — 1,370 19,768 U.S. agency securities 2 41,698 6 8,524 33,180 Agency CMBS 1,297 — 122 1,175 Non-agency CMBS 1,287 1 128 1,160 Total HTM securities 65,420 7 10,144 55,283 Total investment securities $ 156,680 $ 79 $ 14,163 $ 142,596 At December 31, 2023 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 58,484 $ 24 $ 1,103 $ 57,405 U.S. agency securities 2 25,852 4 2,528 23,328 Agency CMBS 5,871 — 456 5,415 State and municipal securities 1,132 46 5 1,173 FFELP student loan ABS 3 810 — 18 792 Total AFS securities 92,149 74 4,110 88,113 HTM securities U.S. Treasury securities 23,222 — 1,285 21,937 U.S. agency securities 2 40,894 — 7,699 33,195 Agency CMBS 1,337 — 121 1,216 Non-agency CMBS 1,241 2 138 1,105 Total HTM securities 66,694 2 9,243 57,453 Total investment securities $ 158,843 $ 76 $ 13,353 $ 145,566 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 $ 4,377 $ 17 $ 14,295 $ 22 12 months or longer 30,024 843 33,458 1,081 Total 34,401 860 47,753 1,103 U.S. agency securities Less than 12 months 2,332 9 4,297 43 12 months or longer 19,050 2,717 18,459 2,485 Total 21,382 2,726 22,756 2,528 Agency CMBS Less than 12 months — — — — 12 months or longer 5,102 420 5,415 456 Total 5,102 420 5,415 456 State and municipal securities Less than 12 months 180 1 524 3 12 months or longer 34 1 35 2 Total 214 2 559 5 FFELP student loan ABS Less than 12 months 40 1 56 1 12 months or longer 558 10 616 17 Total 598 11 672 18 Total AFS securities in an unrealized loss position Less than 12 months 6,929 28 19,172 69 12 months or longer 54,768 3,991 57,983 4,041 Total $ 61,697 $ 4,019 $ 77,155 $ 4,110 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 2023 Form 10-K and the Firm expects to recover the amortized cost basis of these securities. Additionally, the Firm does not intend to sell these securities and is not likely to be required to sell these securities prior to recovery of the amortized cost basis. As of March 31, 2024 and December 31, 2023, the securities in an unrealized loss position are predominantly investment grade. The HTM securities net carrying amounts at March 31, 2024 and December 31, 2023 reflect an ACL of $41 million and $44 million, respectively, predominantly related to Non-agency CMBS. See Note 2 in the 2023 Form 10-K for a description of the ACL methodology used for HTM Securities. As of March 31, 2024 and December 31, 2023, Non-Agency CMBS HTM securities were predominantly on accrual status and investment grade. See Note 14 for additional information on securities issued by VIEs, including U.S. agency mortgage-backed securities, non-agency CMBS, and FFELP student loan ABS. Investment Securities by Contractual Maturity At March 31, 2024 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2,3 AFS securities U.S. Treasury securities: Due within 1 year $ 16,765 $ 16,508 1.4 % After 1 year through 5 years 37,649 37,087 2.9 % After 5 years through 10 years 4,621 4,629 4.0 % Total 59,035 58,224 U.S. agency securities: Due within 1 year 10 9 (0.5) % After 1 year through 5 years 349 327 1.6 % After 5 years through 10 years 509 464 1.8 % After 10 years 24,364 21,710 3.7 % Total 25,232 22,510 Agency CMBS: Due within 1 year 1 1 (2.2) % After 1 year through 5 years 2,969 2,861 2.0 % After 5 years through 10 years 1,615 1,531 1.9 % After 10 years 1,177 949 1.4 % Total 5,762 5,342 State and municipal securities: Due within 1 year 27 27 5.1 % After 1 year through 5 years 178 179 4.8 % After 5 years through 10 years 3 5 4.7 % After 10 Years 268 281 4.5 % Total 476 492 FFELP student loan ABS: Due within 1 year 15 14 6.0 % After 1 year through 5 years 135 131 6.1 % After 5 years through 10 years 31 31 5.9 % After 10 years 574 569 6.3 % Total 755 745 Total AFS securities 91,260 87,313 2.9 % At March 31, 2024 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2 HTM securities U.S. Treasury securities: Due within 1 year 5,252 5,179 2.1 % After 1 year through 5 years 13,826 13,063 2.0 % After 5 years through 10 years 503 412 1.1 % After 10 years 1,557 1,114 2.3 % Total 21,138 19,768 U.S. agency securities: After 1 year through 5 years 5 5 1.8 % After 5 years through 10 years 277 258 2.1 % After 10 years 41,416 32,917 1.9 % Total 41,698 33,180 Agency CMBS: Due within 1 year 113 110 1.9 % After 1 year through 5 years 942 867 1.3 % After 5 years through 10 years 116 97 1.4 % After 10 years 126 101 1.6 % Total 1,297 1,175 Non-agency CMBS: Due within 1 year 194 175 4.1 % After 1 year through 5 years 391 369 4.7 % After 5 years through 10 years 621 538 3.7 % After 10 years 81 78 6.4 % Total 1,287 1,160 Total HTM securities 65,420 55,283 2.0 % Total investment securities 156,680 142,596 2.5 % 1. Amounts are net of any ACL. 2. Annualized average yield is computed using the effective yield, weighted based on the amortized cost of each security. The effective yield is shown pre-tax and excludes the effect of related hedging derivatives. 3. At March 31, 2024, the annualized average yield, including the interest rate swap accrual of related hedges, was 2.1% for AFS securities contractually maturing within 1 year and 3.8% for all AFS securities. Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended $ in millions 2024 2023 Gross realized gains $ 43 $ 44 Gross realized (losses) — (3) Total 1 $ 43 $ 41 1. Realized gains and losses are recognized in Other revenues in the income statement.

Collateralized Transactions

Collateralized Transactions	3 Months Ended
	Mar. 31, 2024
Collateralized Agreements [Abstract]
Collateralized Transactions	Collateralized Transactions Offsetting of Certain Collateralized Transactions At March 31, 2024 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 293,414 $ (170,681) $ 122,733 $ (118,405) $ 4,328 Securities borrowed 163,755 (30,903) 132,852 (128,658) 4,194 Liabilities Securities sold under agreements to repurchase $ 253,085 $ (170,681) $ 82,404 $ (74,081) $ 8,323 Securities loaned 46,848 (30,903) 15,945 (15,935) 10 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 4,175 Securities borrowed 447 Securities sold under agreements to repurchase 6,312 Securities loaned 2 At December 31, 2023 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 300,242 $ (189,502) $ 110,740 $ (108,893) $ 1,847 Securities borrowed 142,453 (21,362) 121,091 (115,969) 5,122 Liabilities Securities sold under agreements to repurchase $ 252,153 $ (189,502) $ 62,651 $ (58,357) $ 4,294 Securities loaned 36,419 (21,362) 15,057 (15,046) 11 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 1,741 Securities borrowed 607 Securities sold under agreements to repurchase 3,014 Securities loaned 2 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 8 to the financial statements in the 2023 Form 10-K. For information related to offsetting of derivatives, see Note 6. Gross Secured Financing Balances by Remaining Contractual Maturity At March 31, 2024 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 70,487 $ 113,219 $ 31,956 $ 37,423 $ 253,085 Securities loaned 31,934 — 381 14,533 46,848 Total included in the offsetting disclosure $ 102,421 $ 113,219 $ 32,337 $ 51,956 $ 299,933 Trading liabilities— 8,658 — — — 8,658 Total $ 111,079 $ 113,219 $ 32,337 $ 51,956 $ 308,591 At December 31, 2023 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 80,376 $ 114,826 $ 25,510 $ 31,441 $ 252,153 Securities loaned 21,508 1,345 709 12,857 36,419 Total included in the offsetting disclosure $ 101,884 $ 116,171 $ 26,219 $ 44,298 $ 288,572 Trading liabilities— 13,528 — — — 13,528 Total $ 115,412 $ 116,171 $ 26,219 $ 44,298 $ 302,100 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 $ 84,185 $ 98,377 Other sovereign government obligations 131,489 122,342 Corporate equities 23,791 18,144 Other 13,620 13,290 Total $ 253,085 $ 252,153 Securities loaned Other sovereign government obligations $ 1,793 $ 1,379 Corporate equities 44,245 34,434 Other 810 606 Total $ 46,848 $ 36,419 Total included in the offsetting disclosure $ 299,933 $ 288,572 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 8,564 $ 13,502 Other 94 26 Total $ 8,658 $ 13,528 Total $ 308,591 $ 302,100 Carrying Value of Assets Loaned or Pledged $ in millions At At Trading assets $ 36,461 $ 37,522 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 $ 798,885 $ 735,830 Collateral that was sold or repledged 1 610,901 553,386 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 $ 24,393 $ 20,670 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 $ 47,464 $ 45,644 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 8 to the financial statements in the 2023 Form 10-K. Also included in the amounts in the previous table is non-purpose securities-based lending on 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. Additionally, for certain secured financing transactions that meet applicable netting criteria, the Firm offset Other secured financing liabilities against financing receivables recorded within Trading assets in the amount of $1,798 million at March 31, 2024 and $3,472 million at December 31, 2023.

Loans, Lending Commitments and

Loans, Lending Commitments and Related Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans, Lending Commitments and Related Allowance for Credit Losses	Loans, Lending Commitments and Related Allowance for Credit Losses Loans by Type At March 31, 2024 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 7,171 $ 9,655 $ 16,826 Secured lending facilities 38,692 3,564 42,256 Commercial real estate 8,689 205 8,894 Residential real estate 61,339 2 61,341 Securities-based lending and Other 89,044 — 89,044 Total loans 204,935 13,426 218,361 ACL (1,141) (1,141) Total loans, net $ 203,794 $ 13,426 $ 217,220 Loans to non-U.S. borrowers, net $ 21,591 $ 4,945 $ 26,536 At December 31, 2023 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 6,758 $ 11,862 $ 18,620 Secured lending facilities 39,498 3,161 42,659 Commercial real estate 8,678 209 8,887 Residential real estate 60,375 22 60,397 Securities-based lending and Other 89,245 1 89,246 Total loans 204,554 15,255 219,809 ACL (1,169) (1,169) Total loans, net $ 203,385 $ 15,255 $ 218,640 Loans to non-U.S. borrowers, net $ 21,152 $ 5,043 $ 26,195 For additional information on the Firm’s held-for-investment and held-for-sale loan portfolios, see Note 9 to the financial statements in the 2023 Form 10-K. Loans by Interest Rate Type At March 31, 2024 At December 31, 2023 $ in millions Fixed Rate Floating or Adjustable Rate Fixed Rate Floating or Adjustable Rate Corporate $ — $ 16,826 $ — $ 18,620 Secured lending facilities — 42,256 — 42,659 Commercial real estate 142 8,752 141 8,746 Residential real estate 29,335 32,006 28,934 31,464 Securities-based lending and Other 24,024 65,020 23,922 65,323 Total loans, before ACL $ 53,501 $ 164,860 $ 52,997 $ 166,812 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 Credit Quality and Origination Year At March 31, 2024 At December 31, 2023 Corporate $ in millions IG NIG Total IG NIG Total Revolving $ 2,319 $ 4,373 $ 6,692 $ 2,350 $ 3,863 $ 6,213 2024 — — — 2023 — 50 50 — 88 88 2022 — 156 156 — 166 166 2021 15 75 90 15 89 104 2020 28 25 53 29 25 54 Prior — 130 130 — 133 133 Total $ 2,362 $ 4,809 $ 7,171 $ 2,394 $ 4,364 $ 6,758 At March 31, 2024 At December 31, 2023 Secured Lending Facilities $ in millions IG NIG Total IG NIG Total Revolving $ 8,867 $ 22,085 $ 30,952 $ 9,494 $ 22,240 $ 31,734 2024 — 374 374 2023 1,512 1,392 2,904 1,535 1,459 2,994 2022 385 2,247 2,632 392 2,390 2,782 2021 — 359 359 — 365 365 2020 — 76 76 — 80 80 Prior 355 1,040 1,395 356 1,187 1,543 Total $ 11,119 $ 27,573 $ 38,692 $ 11,777 $ 27,721 $ 39,498 At March 31, 2024 At December 31, 2023 Commercial Real Estate $ in millions IG NIG Total IG NIG Total Revolving $ — $ 170 $ 170 $ — $ 170 $ 170 2024 — 753 753 2023 365 947 1,312 261 1,067 1,328 2022 282 1,883 2,165 284 1,900 2,184 2021 295 1,554 1,849 370 1,494 1,864 2020 — 755 755 — 756 756 Prior 57 1,628 1,685 195 2,181 2,376 Total $ 999 $ 7,690 $ 8,689 $ 1,110 $ 7,568 $ 8,678 At March 31, 2024 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 113 $ 32 $ 7 $ 151 $ 1 $ 152 2024 1,590 271 30 1,709 182 1,891 2023 7,248 1,502 225 8,023 952 8,975 2022 10,776 2,409 383 12,490 1,078 13,568 2021 10,948 2,344 236 12,608 920 13,528 2020 6,815 1,409 103 7,901 426 8,327 Prior 11,383 3,091 424 13,813 1,085 14,898 Total $ 48,873 $ 11,058 $ 1,408 $ 56,695 $ 4,644 $ 61,339 At December 31, 2023 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 108 $ 33 $ 8 $ 149 $ — $ 149 2023 7,390 1,517 230 8,168 969 9,137 2022 10,927 2,424 389 12,650 1,090 13,740 2021 11,075 2,376 239 12,763 927 13,690 2020 6,916 1,430 104 8,017 433 8,450 Prior 11,642 3,131 436 14,106 1,103 15,209 Total $ 48,058 $ 10,911 $ 1,406 $ 55,853 $ 4,522 $ 60,375 At March 31, 2024 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 70,959 $ 5,304 $ 1,486 $ 77,749 2024 231 17 184 432 2023 1,502 621 364 2,487 2022 1,056 526 1,091 2,673 2021 104 251 437 792 2020 39 285 507 831 Prior 222 1,617 2,241 4,080 Total $ 74,113 $ 8,621 $ 6,310 $ 89,044 December 31, 2023 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 71,474 $ 5,230 $ 1,362 $ 78,066 2023 1,612 627 346 2,585 2022 1,128 816 804 2,748 2021 165 330 377 872 2020 — 435 414 849 Prior 215 2,096 1,814 4,125 Total $ 74,594 $ 9,534 $ 5,117 $ 89,245 IG—Investment Grade NIG—Non-investment Grade 1. Securities-based loans are subject to collateral maintenance provisions, and at March 31, 2024 and December 31, 2023, 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 2023 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 March 31, 2024 At December 31, 2023 Corporate $ 46 $ 47 Commercial real estate 291 185 Residential real estate 138 160 Securities-based lending and Other 16 1 Total $ 491 $ 393 1. As of March 31, 2024, the majority of the amounts are 90 days or more past due. As of December 31, 2023, the majority of the amounts are past due for a period of less than 90 days. Nonaccrual Loans Held for Investment before Allowance 1 $ in millions At March 31, 2024 At December 31, 2023 Corporate $ 82 $ 95 Secured lending facilities 83 87 Commercial real estate 432 426 Residential real estate 100 95 Securities-based lending and Other 294 174 Total $ 991 $ 877 Nonaccrual loans without an ACL $ 88 $ 86 1. There were no loans held for investment that were 90 days or more past due and still accruing as of March 31, 2024 and December 31, 2023. For further information on the Firm’s nonaccrual policy, see Note 2 to the financial statements in the 2023 Form 10-K. See Note 2 to the financial statements in the 2023 Form 10-K for a description of the ACL calculated under the CECL methodology, including credit quality indicators, used for HFI loans. Loan Modifications to Borrowers Experiencing Financial Difficulty 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. There were no loans held for investment that had been modified in the 12 months prior and subsequently defaulted during the three months ended March 31, 2024. Modified Loans Held for Investment Period-end loans held for investment modified during the following periods 1 : Three Months Ended March 31, 2024 2023 $ in millions Amortized Cost % of Total Loans 2 Amortized Cost % of Total Loans 2 Term Extension Corporate $ 52 0.7 % $ 17 0.2 % Commercial real estate 127 1.5 % 62 0.7 % Residential real estate — — % 1 — % Securities-based lending and Other 41 — % — — % Total $ 220 0.2 % $ 80 0.1 % Other-than-insignificant Payment Delay Commercial real estate $ — — % $ 67 0.8 % Total $ — — % $ 67 0.8 % Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay Commercial real estate $ 40 0.5 % $ — — % Total $ 40 0.5 % $ — — % Total Modifications $ 260 0.2 % $ 147 0.2 % 1. Lending commitments to borrowers for which the Firm has modified terms of the receivable are $301 million and $607 million as of March 31, 2024 and March 31, 2023, respectively. 2. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. Financial Effect of Modifications on Loans Held for Investment Three Months Ended March 31, 2024 1 Term Extension Other-than-insignificant Payment Delay Principal Forgiveness ($ millions) Interest Rate Reduction Single Modifications Corporate 30 0 $ — — % Commercial real estate 5 0 — — % Securities-based lending and Other 36 0 — — % Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay Commercial real estate 16 16 $ — — % Three Months Ended March 31, 2023 1 Term Extension Other-than-insignificant Payment Delay Principal Forgiveness ($ millions) Interest Rate Reduction Single Modifications Corporate 8 0 $ — — % Commercial real estate 2 8 — — % Residential real estate 4 0 — — % 1. 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 March 31, 2024 $ in millions 30-89 Days Past Due 90+ Days Total Commercial real estate $ — $ 45 45 Total $ — $ 45 $ 45 As of March 31, 2023, there were no past due loans held for investment modified during the 12 months prior. Allowance for Credit Losses Rollforward and Allocation—Loans and Lending Commitments Three Months Ended March 31, 2024 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total ACL—Loans Beginning balance $ 241 $ 153 $ 463 $ 100 $ 212 $ 1,169 Provision (release) 1 (17) 1 (11) 4 (22) Other (1) (1) (3) — (1) (6) Ending balance $ 241 $ 135 $ 461 $ 89 $ 215 $ 1,141 Percent of loans to total loans 1 4 % 19 % 4 % 30 % 43 % 100 % ACL—Lending commitments Beginning balance $ 431 $ 70 $ 26 $ 4 $ 20 $ 551 Provision (release) (2) 25 (3) — (4) 16 Other (3) (1) — — 2 (2) Ending balance $ 426 $ 94 $ 23 $ 4 $ 18 $ 565 Total ending balance $ 667 $ 229 $ 484 $ 93 $ 233 $ 1,706 Three Months Ended March 31, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total ACL—Loans Beginning balance $ 235 $ 153 $ 275 $ 87 $ 89 $ 839 Gross charge-offs (1) — (69) — (1) (71) Provision (release) 31 — 129 26 15 201 Other — (1) — — 2 1 Ending balance $ 265 $ 152 $ 335 $ 113 $ 105 $ 970 Percent of loans to total loans 1 4 % 18 % 4 % 28 % 46 % 100 % ACL—Lending commitments Beginning balance $ 411 $ 51 $ 15 $ 4 $ 23 $ 504 Provision (release) 22 — 7 1 3 33 Other 2 — — — — 2 Ending balance $ 435 $ 51 $ 22 $ 5 $ 26 $ 539 Total ending balance $ 700 $ 203 $ 357 $ 118 $ 131 $ 1,509 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. The allowance for credit losses for loans and lending commitments decreased for the three months ended March 31, 2024, reflecting improvements in the macroeconomic outlook. This was partially offset by provisions for certain specific commercial real estate and corporate loans and modest growth in certain other loan portfolios. There were no charge-offs during the three months ended March 31, 2024. During the three months ended March 31, 2023, charge-offs were $71 million, primarily related to commercial real estate loans. The base scenario used in our ACL models as of March 31, 2024 was generated using a combination of consensus economic forecasts, forward rates, and internally developed and validated models. This scenario assumes slow economic growth in 2024, followed by a gradual improvement in 2025, as well as lower credit spreads and interest rates relative to the prior forecast. 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 9 to the financial statements in the 2023 Form 10-K. Selected Credit Ratios At At ACL for loans to total HFI loans 0.6 % 0.6 % Nonaccrual HFI loans to total HFI loans 0.5 % 0.4 % ACL for loans to nonaccrual HFI loans 115.1 % 133.3 % Employee Loans $ in millions At At Currently employed by the Firm 1 $ 4,263 $ 4,257 No longer employed by the Firm 2 90 92 Employee loans $ 4,353 $ 4,349 ACL (121) (121) Employee loans, net of ACL $ 4,232 $ 4,228 Remaining repayment term, weighted average in years 5.7 5.8 1. These loans are predominantly current. 2. These loans are predominantly past due for a period of 90 days or more. Employee loans are granted in conjunction with a program established primarily to recruit certain Wealth Management financial advisors, are full recourse and generally require periodic repayments, and are due in full upon termination of employment with the Firm. These loans are recorded in Customer and other receivables in the balance sheet. See Note 2 to the financial statements in the 2023 Form 10-K for a description of the CECL allowance methodology, including credit quality indicators, for employee loans.

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Other Assets	Other Assets Equity Method Investments $ in millions At At Investments $ 1,811 $ 1,915 Three Months Ended $ in millions 2024 2023 Income (loss) $ 56 $ 25 Equity method investments, other than investments in certain fund interests, are summarized above and are included in Other assets in the balance sheet with related income or loss included in Other revenues in the income statement. See “Net Asset Value Measurements—Fund Interests” in Note 4 for the carrying value of certain of the Firm’s fund interests, which are composed of general and limited partnership interests, as well as any related carried interest. Japanese Securities Joint Venture Three Months Ended $ in millions 2024 2023 Income (loss) from investment in MUMSS $ 40 $ 29 For more information on MUMSS and other relationships with MUFG, see Note 11 to the financial statements in the 2023 Form 10-K. Tax Equity Investments The Firm invests in tax equity investment interests which entitle the Firm to a share of tax credits and other income tax benefits generated by the projects underlying the investments. Effective January 1, 2024, the Firm made an election to account for certain renewable energy and other tax equity investments programs using the proportional amortization method under newly adopted accounting guidance. Tax Equity Investments under the Proportional Amortization Method $ in millions At At Low-income housing $ 1,764 $ 1,699 Renewable energy and other 1 39 — Total 2 $ 1,803 $ 1,699 1. Prior to adoption of the Investments - Tax Credit Structures accounting update on January 1, 2024, Renewable energy and other investments were accounted for under the equity method. 2. At March 31, 2024, this amount excludes $46 million of tax equity investments within programs for which the Firm elected the proportional amortization method that do not meet the conditions to apply the proportional amortization method, which are accounted for as equity method investments. Income tax credits and other income tax benefits recognized as well as proportional amortization are included in the Provision for income taxes line in the consolidated income statement and in the Depreciation and amortization line in the consolidated cash flow statement. Net Benefits Attributable to Tax Equity Investments under the Proportional Amortization Method Three Months Ended $ in millions 2024 2023 Income tax credits and other income tax benefits $ 75 $ 71 Proportional amortization (60) (49) Net benefits $ 15 $ 22

Deposits

Deposits	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Deposits	Deposits Deposits $ in millions At At Savings and demand deposits $ 288,453 $ 288,252 Time deposits 64,041 63,552 Total $ 352,494 $ 351,804 Deposits subject to FDIC insurance $ 276,557 $ 276,598 Deposits not subject to FDIC insurance $ 75,937 $ 75,206 Time Deposit Maturities $ in millions At 2024 $ 27,808 2025 19,452 2026 7,091 2027 4,604 2028 3,982 Thereafter 1,104 Total $ 64,041

Borrowings and Other Secured Fi

Borrowings and Other Secured Financings	3 Months Ended
	Mar. 31, 2024
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 $ 5,233 $ 3,188 Original maturities greater than one year Senior $ 252,547 $ 248,174 Subordinated 13,603 12,370 Total greater than one year $ 266,150 $ 260,544 Total $ 271,383 $ 263,732 Weighted average stated maturity, in years 1 6.6 6.6 1. Only includes borrowings with original maturities greater than one year. Other Secured Financings $ in millions At At Original maturities: One year or less $ 8,914 $ 5,732 Greater than one year 6,177 6,923 Total $ 15,091 $ 12,655 Transfers of assets accounted for as secured financings $ 7,053 $ 5,848 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	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingencies	Commitments, Guarantees and Contingencies Commitments Years to Maturity at March 31, 2024 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 15,091 $ 35,055 $ 58,740 $ 4,230 $ 113,116 Secured lending facilities 8,167 6,891 4,319 4,465 23,842 Commercial and Residential real estate 214 21 14 481 730 Securities-based lending and Other 16,013 3,165 377 443 19,998 Forward-starting secured financing receivables 1 88,826 — — — 88,826 Central counterparty 300 — — 12,861 13,161 Investment activities 1,709 120 73 524 2,426 Letters of credit and other financial guarantees 68 15 — 7 90 Total $ 130,388 $ 45,267 $ 63,523 $ 23,011 $ 262,189 Lending commitments participated to third parties $ 8,348 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 14 to the financial statements in the 2023 Form 10-K. Guarantees At March 31, 2024 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 $ 1,576,169 $ 748,245 $ 155,224 $ 458,033 $ (33,732) Standby letters of credit and other financial guarantees issued 2,3 1,726 1,152 1,236 2,561 2 Liquidity facilities 2,193 — — — (1) Whole loan sales guarantees 2 85 — 23,074 — Securitization representations and warranties 4 — — — 82,349 (3) General partner guarantees 412 32 133 28 (87) Client clearing guarantees 208 — — — — 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 $0.7 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. 3. As of March 31, 2024, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $72 million. 4. 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 14 to the financial statements in the 2023 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 14 to the financial statements in the 2023 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 third-party entities that are, or would otherwise be, the primary defendants in such cases are bankrupt, in financial distress, or may not honor applicable indemnification obligations. 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 or other 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 markets 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, disgorgement, restitution, forfeiture, injunctions, limitations on our ability to conduct certain business, or other relief. 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 or the range of loss, the Firm accrues an estimated loss by a charge to income, including with respect to certain of the individual proceedings or investigations described below. Three Months Ended $ in millions 2024 2023 Legal expenses $ (26) $ 151 The Firm’s legal expenses can, and may in the future, fluctuate from period to period, given the current environment regarding government or regulatory agency investigations and private litigation affecting global financial services firms, including the Firm. In many legal proceedings and investigations, it is inherently difficult to determine whether any loss is probable or reasonably possible, or to estimate the amount of any loss. In addition, even where the Firm has determined that a loss is probable or reasonably possible or an exposure to loss or range of loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, the Firm may be unable to reasonably estimate the amount of the loss or range of loss. It is particularly difficult to determine if a loss is probable or reasonably possible, or to estimate the amount of loss, where the factual record is being developed or contested or where plaintiffs or government entities seek substantial or indeterminate damages, restitution, forfeiture, disgorgement or penalties. Numerous issues may need to be resolved in an investigation or proceeding before a determination can be made that a loss or additional loss (or range of loss or range of additional loss) is probable or reasonably possible, or to estimate the amount of loss, including through potentially lengthy discovery or determination of important factual matters, determination of issues related to class certification, 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 has identified below any individual proceedings or investigations where the Firm believes a material loss to be reasonably possible. In certain legal proceedings in which the Firm has determined that a material loss is reasonably possible, the Firm is unable to reasonably estimate the loss or range of loss. There are other matters in which the Firm has determined a loss or range of loss to be reasonably possible, but the Firm does not believe, based on current knowledge and after consultation with counsel, that such losses could have a material adverse effect on the Firm’s financial statements as a whole, although the outcome of such proceedings or investigations may significantly impact the Firm’s business or results of operations for any particular reporting period, or cause significant reputational harm. While the Firm has identified below certain proceedings or investigations that the Firm believes to be material, individually or collectively, 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 reasonably possible. Antitrust Related Matters The Firm and other financial institutions are responding to a number of governmental investigations and civil litigation matters related to allegations of anticompetitive conduct in various aspects of the financial services industry, including the matters described below. Beginning in February of 2016, the Firm was named as a defendant in multiple purported antitrust class actions now consolidated into a single proceeding in the United States District Court for the Southern District of New York (“SDNY”) styled In Re: Interest Rate Swaps Antitrust Litigation . Plaintiffs allege, inter alia, that the Firm, together with a number of other financial institution defendants, violated U.S. and New York state antitrust laws from 2008 through December of 2016 in connection with their alleged efforts to prevent the development of electronic exchange-based platforms for interest rate swaps trading. Complaints were filed both on behalf of a purported class of investors who purchased interest rate swaps from defendants, as well as on behalf of three operators of swap execution facilities that allegedly were thwarted by the defendants in their efforts to develop such platforms. The consolidated complaints seek, among other relief, certification of the investor class of plaintiffs and treble damages. On July 28, 2017, the court granted in part and denied in part the defendants’ motion to dismiss the complaints. On December 15, 2023, the court denied the class plaintiffs’ motion for class certification. On December 29, 2023, the class plaintiffs petitioned the United States Court of Appeals for the Second Circuit for leave to appeal that decision. On February 28, 2024, the parties reached an agreement in principle to settle the class claims. In August of 2017, the Firm was named as a defendant in a purported antitrust class action in the United States District Court for the SDNY styled Iowa Public Employees’ Retirement System et al. v. Bank of America Corporation et al. Plaintiffs allege, inter alia, that the Firm, together with a number of other financial institution defendants, violated U.S. antitrust laws and New York state law in connection with their alleged efforts to prevent the development of electronic exchange-based platforms for securities lending. The class action complaint was filed on behalf of a purported class of borrowers and lenders who entered into stock loan transactions with the defendants. The class action complaint seeks, among other relief, certification of the class of plaintiffs and treble damages. On September 27, 2018, the court denied the defendants’ motion to dismiss the class action complaint. Plaintiffs’ motion for class certification was referred by the District Court to a magistrate judge who, on June 30, 2022, issued a report and recommendation that the District Court certify a class. On May 20, 2023, the Firm reached an agreement in principle to settle the litigation. On September 1, 2023, the court granted preliminary approval of the settlement. The Firm is a defendant in three antitrust class action complaints which have been consolidated into one proceeding in the United States District Court for the SDNY under the caption City of Philadelphia, et al. v. Bank of America Corporation, et al. Plaintiffs allege, inter alia, that the Firm, along with a number of other financial institution defendants, violated U.S. antitrust laws and relevant state laws in connection with alleged efforts to artificially inflate interest rates for Variable Rate Demand Obligations (“VRDO”). Plaintiffs seek, among other relief, treble damages. The class action complaint was filed on behalf of a class of municipal issuers of VRDO for which defendants served as remarketing agent. On November 2, 2020, the court granted in part and denied in part the defendants’ motion to dismiss the consolidated complaint, dismissing state law claims, but denying dismissal of the U.S. antitrust claims. On September 21, 2023, the court granted plaintiffs’ motion for class certification. On October 5, 2023, defendants petitioned the United States Court of Appeals for the Second Circuit for leave to appeal that decision, which was granted on February 5, 2024. Qui Tam Matters The Firm and other financial institutions are defending against qui tam litigations brought under various state false claims statutes, including the matter described below. Such matters may involve the same types of claims pursued in multiple jurisdictions and may include claims for treble damages. On August 18, 2009, Relators Roger Hayes and C. Talbot Heppenstall, Jr., filed a qui tam action in New Jersey state court styled State of New Jersey ex. rel. Hayes v. Bank of America Corp., et al. The complaint, filed under seal pursuant to the New Jersey False Claims Act, alleged that the Firm and several other underwriters of municipal bonds had defrauded New Jersey issuers by misrepresenting that they would achieve the best price or lowest cost of capital in connection with certain municipal bond issuances. On March 17, 2016, the court entered an order unsealing the complaint. On November 17, 2017, Relators filed an amended complaint to allege the Firm mispriced certain bonds issued in twenty-three bond offerings between 2008 and 2017, having a total par amount of $6.9 billion. The complaint seeks, among other relief, treble damages. On February 22, 2018, the Firm moved to dismiss the amended complaint, and on July 17, 2018, the court denied the Firm’s motion. On October 13, 2021, following a series of voluntary and involuntary dismissals, Relators limited their claims to certain bonds issued in five offerings the Firm underwrote between 2008 and 2011, having a total par amount of $3.9 billion. On August 22, 2023, the Firm reached an agreement in principle to settle the litigation. The final agreement became effective on January 30, 2024. European Matters 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 $134 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 January 19, 2024, the Dutch High Court granted the Firm’s appeal in matters re-styled Case number 20/01884 and referred the case to the Court of Appeal in The Hague. 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. Danish Underwriting Matter On October 5, 2017, various institutional investors filed a claim against the Firm and another bank in a matter now styled Case number B-803-18 (previously BS 99-6998/2017 ), in the City Court of Copenhagen, Denmark concerning their roles as underwriters of the initial public offering (“IPO”) in March 2014 of the Danish company OW Bunker A/S. The claim seeks damages of approximately DKK529 million (approximately $77 million) plus interest in respect of alleged losses arising from investing in shares in OW Bunker, which entered into bankruptcy in November 2014. Separately, on November 29, 2017, another group of institutional investors joined the Firm and another bank as defendants to pending proceedings in the High Court of Eastern Denmark against various other parties involved in the IPO in a matter styled Case number B-2073-16 . The claim brought against the Firm and the other bank has been given its own Case number B-2564-17 . The investors claim damages of approximately DKK767 million (approximately $111 million) plus interest from the Firm and the other bank on a joint and several basis with the Defendants to these proceedings. Both claims are based on alleged prospectus liability; the second claim also alleges professional liability of banks acting as financial intermediaries. On June 8, 2018, the City Court of Copenhagen, Denmark ordered that the matters now styled Case number B-803-18 , Case number B-2073-16 , and Case number B-2564-17 be heard together before the High Court of Eastern Denmark. On June 29, 2018, the Firm filed its defense to the matter now styled Case number B-2564-17 . On February 4, 2019, the Firm filed its defense to the matter now styled Case number B-803-18 . U.K. Government Bond Matter The Firm is engaging with the UK Competition and Markets Authority in connection with its investigation of suspected anti-competitive arrangements in the financial services sector, specifically regarding the Firm's activities concerning certain liquid fixed income products between 2009 and 2012. On May 24, 2023, the U.K. Competition and Markets Authority issued a Statement of Objections setting out its provisional findings that the Firm had breached U.K. competition law by sharing competitively sensitive information in connection with gilts and gilt asset swaps between 2009 and 2012. The Firm is contesting the provisional findings. Separately, on June 16, 2023, the Firm was named as a defendant in a purported antitrust class action in the United States District Court for the SDNY styled Oklahoma Firefighters Pension and Retirement System v. Deutsche Bank Aktiengesellschaft, et al. , alleging, inter alia, that the Firm, together with a number of other financial institution defendants, violated U.S. antitrust laws in connection with their alleged effort to fix prices of gilts traded in the United States between 2009 and 2013. On September 28, 2023, the defendants filed a joint motion to dismiss the complaint, which has been fully briefed. Other On August 13, 2021, the plaintiff in Camelot Event Driven Fund, a Series of Frank Funds Trust v. Morgan Stanley & Co. LLC, et al. filed in the Supreme Court of the State of New York, New York County ("Supreme Court of NY") a purported class action complaint alleging violations of the federal securities laws against ViacomCBS (“Viacom”), certain of its officers and directors, and the underwriters, including the Firm, of two March 2021 Viacom offerings: a $1.7 billion Viacom Class B Common Stock offering and a $1 billion offering of 5.75% Series A Mandatory Convertible Preferred Stock (collectively, the “Offerings”). The complaint alleges, inter alia, that the Viacom offering documents for both issuances contained material omissions because they did not disclose that certain of the underwriters, including the Firm, had prime brokerage relationships and/or served as counterparties to certain derivative transactions with Archegos Capital Management LP, (“Archegos”), a fund with significant exposure to Viacom securities across multiple prime brokers. The complaint, which seeks, among other things, unspecified compensatory damages, alleges that the offering documents did not adequately disclose the risks associated with Archegos’s concentrated Viacom positions at the various prime brokers, including that the unwind of those positions could have a deleterious impact on the stock price of Viacom. On November 5, 2021, the complaint was amended to add allegations that defendants failed to disclose that certain underwriters, including the Firm, had intended to unwind Archegos’s Viacom positions while simultaneously distributing the Offerings. On February 6, 2023, the court issued a decision denying the motions to dismiss as to the Firm and the other underwriters, but granted the motion to dismiss as to Viacom and the Viacom individual defendants. On February 15, 2023, the underwriters, including the Firm, filed their notices of appeal of the denial of their motions to dismiss. On March 10, 2023, the plaintiff appealed the dismissal of Viacom and the individual Viacom defendants. On April 4, 2024, the Appellate Division upheld the lower court’s decision as to the Firm and other underwriter defendants that had prime brokerage relationships and/or served as counterparties to certain derivative transactions with Archegos, dismissed the remaining underwriters, and upheld the dismissal of Viacom and its officers and directors. On January 4, 2024, the court granted the plaintiff’s motion for class certification. On February 14, 2024, the defendants filed their notice of appeal of the court’s grant of class certification. On May 17, 2013, the plaintiff in IKB International S.A. in Liquidation, et al. v. Morgan Stanley, et al. filed a complaint against the Firm and certain affiliates in the Supreme Court of NY. The complaint alleges that defendants made material misrepresentations and omissions in the sale to plaintiff of certain mortgage pass-through certificates backed by securitization trusts containing residential mortgage loans. The total amount of certificates allegedly sponsored, underwritten and/or sold by the Firm to plaintiffs was approximately $133 million. The complaint alleges causes of action against the Firm for common law fraud, fraudulent concealment, aiding and abetting fraud, and negligent misrepresentation, and seeks, among other things, compensatory and punitive damages. On October 29, 2014, the court granted in part and denied in part the Firm’s motion to dismiss. All claims regarding four certificates were dismissed. After these dismissals, the remaining amount of certificates allegedly issued by the Firm or sold to plaintiffs by the Firm was approximately $116 million. On August 11, 2016, the Appellate Division affirmed the trial court’s order denying in part the Firm’s motion to dismiss the complaint. On July 15, 2022, the Firm filed a motion for summary judgment on all remaining claims. On March 1, 2023, the court granted in part and denied in part the Firm’s motion for summary judgment, narrowing the alleged misrepresentations at issue in the case. On March 26, 2024, the Appellate Division affirmed the trial court’s summary judgment order.

Variable Interest Entities and

Variable Interest Entities and Securitization Activities	3 Months Ended
	Mar. 31, 2024
Variable Interest Entities and Securitization Activities [Abstract]
Variable Interest Entities and Securitization Activities	Variable Interest Entities and Securitization Activities Consolidated VIE Assets and Liabilities by Type of Activity At March 31, 2024 At December 31, 2023 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities MABS 1 $ 741 $ 258 $ 597 $ 256 Investment vehicles 2 807 508 753 502 MTOB 525 483 582 520 Other 442 124 378 97 Total $ 2,515 $ 1,373 $ 2,310 $ 1,375 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 $ 181 $ 164 Trading assets at fair value 1,998 1,557 Investment securities 237 492 Securities purchased under agreements to resell 67 67 Customer and other receivables 29 26 Other assets 3 4 Total $ 2,515 $ 2,310 Liabilities Other secured financings $ 1,184 $ 1,222 Other liabilities and accrued expenses 131 121 Borrowings 58 32 Total $ 1,373 $ 1,375 Noncontrolling interests $ 60 $ 54 Consolidated VIE assets and liabilities are presented in the previous tables after intercompany eliminations. Generally, most assets owned by consolidated VIEs cannot be removed unilaterally by the Firm and are not available to the Firm while the related liabilities issued by consolidated VIEs are non-recourse to the Firm. However, in certain consolidated VIEs, the Firm either has the unilateral right to remove assets or provides additional recourse through derivatives such as total return swaps, guarantees or other forms of involvement. In general, the Firm’s exposure to loss in consolidated VIEs is limited to losses that would be absorbed on the VIE net assets recognized in its financial statements, net of amounts absorbed by third-party variable interest holders. Non-consolidated VIEs At March 31, 2024 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 151,575 $ 1,877 $ 3,311 $ 2,919 $ 56,401 Maximum exposure to loss 3 Debt and equity interests $ 22,367 $ 104 $ — $ 2,131 $ 9,192 Derivative and other contracts — — 2,193 — 4,076 Commitments, guarantees and other 3,887 — — — 160 Total $ 26,254 $ 104 $ 2,193 $ 2,131 $ 13,428 Carrying value of variable interests—Assets Debt and equity interests $ 22,368 $ 104 $ — $ 1,713 $ 9,192 Derivative and other contracts — — 2 — 1,394 Total $ 22,368 $ 104 $ 2 $ 1,713 $ 10,586 Additional VIE assets owned 4 $ 14,797 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 4 $ — $ 367 Total $ — $ — $ 4 $ — $ 367 At December 31, 2023 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 144,906 $ 1,526 $ 3,152 $ 3,102 $ 50,052 Maximum exposure to loss 3 Debt and equity interests $ 21,203 $ 52 $ — $ 2,049 $ 9,076 Derivative and other contracts — — 2,092 — 4,452 Commitments, guarantees and other 3,439 — — — 55 Total $ 24,642 $ 52 $ 2,092 $ 2,049 $ 13,583 Carrying value of variable interests – Assets Debt and equity interests $ 21,203 $ 52 $ — $ 1,682 $ 9,075 Derivative and other contracts — — 2 — 1,330 Total $ 21,203 $ 52 $ 2 $ 1,682 $ 10,405 Additional VIE assets owned 4 $ 15,002 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 3 $ — $ 452 1. Amounts include transactions backed by residential mortgage loans, commercial mortgage loans and other types of assets, including consumer or commercial assets, and may be in loan or security form. 2. Other primarily includes exposures to commercial real estate property and investment funds. 3. Where notional amounts are utilized in quantifying the maximum exposure related to derivatives, such amounts do not reflect changes in fair value recorded by the Firm. 4. Additional VIE assets owned represents the carrying value of total exposure to non-consolidated VIEs for which the maximum exposure to loss is less than specific thresholds, primarily interests issued by securitization SPEs. The Firm’s maximum exposure to loss generally equals the fair value of the assets owned. These assets are primarily included in Trading assets and Investment securities and are measured at fair value (see Note 4). The Firm does not provide additional support in these transactions through contractual facilities, guarantees or similar derivatives. The previous tables include VIEs sponsored by unrelated parties, as well as VIEs sponsored by the Firm; examples of the Firm’s involvement with these VIEs include its secondary market-making activities and the securities held in its Investment securities portfolio (see Note 7). The Firm’s maximum exposure to loss is dependent on the nature of the Firm’s variable interest in the VIE and is limited to the notional amounts of certain liquidity facilities and other credit support, total return swaps and written put options, as well as the fair value of certain other derivatives and investments the Firm has made in the VIE. The Firm’s maximum exposure to loss in the previous tables does not include the offsetting benefit of hedges or any reductions associated with the amount of collateral held as part of a transaction with the VIE or any party to the VIE directly against a specific exposure to loss. Liabilities issued by VIEs generally are non-recourse to the Firm. Detail of Mortgage- and Asset-Backed Securitization Assets At March 31, 2024 At December 31, 2023 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 17,323 $ 3,067 $ 17,346 $ 3,355 Commercial mortgages 79,998 8,805 74,590 8,342 U.S. agency collateralized mortgage obligations 43,012 6,442 42,917 6,675 Other consumer or commercial loans 11,242 4,053 10,053 2,831 Total $ 151,575 $ 22,367 $ 144,906 $ 21,203 Transferred Assets with Continuing Involvement At March 31, 2024 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 4,887 $ 72,446 $ 14,659 $ 13,094 Retained interests Investment grade $ 161 $ 652 $ 556 $ — Non-investment grade 95 743 — 65 Total $ 256 $ 1,395 $ 556 $ 65 Interests purchased in the secondary market 3 Investment grade $ 18 $ 37 $ 48 $ — Non-investment grade — 13 — — Total $ 18 $ 50 $ 48 $ — Derivative assets $ — $ — $ — $ 1,159 Derivative liabilities — — — 378 At December 31, 2023 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 4,333 $ 73,818 $ 12,083 $ 12,438 Retained interests Investment grade $ 149 $ 653 $ 460 $ — Non-investment grade 83 788 — 69 Total $ 232 $ 1,441 $ 460 $ 69 Interests purchased in the secondary market 3 Investment grade $ 20 $ 22 $ 42 $ — Non-investment grade — 16 — — Total $ 20 $ 38 $ 42 $ — Derivative assets $ — $ — $ — $ 1,073 Derivative liabilities — — — 426 Fair Value At March 31, 2024 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 667 $ — $ 667 Non-investment grade 15 67 82 Total $ 682 $ 67 $ 749 Interests purchased in the secondary market 3 Investment grade $ 103 $ — $ 103 Non-investment grade 10 3 13 Total $ 113 $ 3 $ 116 Derivative assets $ 1,159 $ — $ 1,159 Derivative liabilities 378 — 378 Fair Value at December 31, 2023 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 576 $ — $ 576 Non-investment grade 10 56 66 Total $ 586 $ 56 $ 642 Interests purchased in the secondary market 3 Investment grade $ 77 $ 7 $ 84 Non-investment grade 12 4 16 Total $ 89 $ 11 $ 100 Derivative assets $ 1,073 $ — $ 1,073 Derivative liabilities 426 — 426 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 include 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 2023 Form 10-K and Note 4 herein. Further, as permitted by applicable guidance, certain transfers of assets where the Firm’s only continuing involvement is a derivative are only reported in the following Assets Sold with Retained Exposure table. Proceeds from New Securitization Transactions and Sales of Loans Three Months Ended $ in millions 2024 2023 New transactions 1 $ 6,550 $ 2,521 Retained interests 2,099 1,575 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 $ 68,566 $ 60,766 Fair value Assets sold $ 70,956 $ 62,221 Derivative assets recognized in the balance sheet 2,527 1,546 Derivative liabilities recognized in the balance sheet 140 93 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 15 to the financial statements in the 2023 Form 10-K.

Regulatory Requirements

Regulatory Requirements	3 Months Ended
	Mar. 31, 2024
Broker-Dealer [Abstract]
Regulatory Requirements	Regulatory Requirements Regulatory Capital Framework and Requirements For a discussion of the Firm’s regulatory capital framework, see Note 16 to the financial statements in the 2023 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 (“CET1”) capital, Tier 1 capital and Total capital (which includes Tier 2 capital), each as a percentage of RWA, and consist of regulatory minimum required ratios plus the Firm’s capital buffer requirement. Capital requirements require certain adjustments to, and deductions from, capital for purposes of determining these ratios. At March 31, 2024 and December 31, 2023, 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 75% from January 1, 2024. The deferral impacts will become fully phased-in beginning on January 1, 2025. Capital Buffer Requirements At March 31, 2024 and December 31, 2023 Standardized Advanced Capital buffers Capital conservation buffer — 2.5% SCB 5.4% N/A G-SIB capital surcharge 3.0% 3.0% CCyB 1 0% 0% Capital buffer requirement 8.4% 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 sum of the 2.5% capital conservation buffer, G-SIB capital surcharge and CCyB. Risk-Based Regulatory Capital Ratio Requirements Regulatory Minimum At March 31, 2024 and December 31, 2023 Standardized Advanced Required ratios 1 CET1 capital ratio 4.5 % 12.9% 10.0% Tier 1 capital ratio 6.0 % 14.4% 11.5% Total capital ratio 8.0 % 16.4% 13.5% 1. Required ratios represent the regulatory minimum plus the capital buffer requirement. The Firm’s Regulatory Capital and Capital Ratios Risk-based capital Standardized $ in millions At March 31, 2024 At December 31, 2023 Risk-based capital CET1 capital $ 70,298 $ 69,448 Tier 1 capital 79,046 78,183 Total capital 91,007 88,874 Total RWA 467,763 456,053 Risk-based capital ratio CET1 capital 15.0 % 15.2 % Tier 1 capital 16.9 % 17.1 % Total capital 19.5 % 19.5 % Required ratio 1 CET1 capital 12.9 % 12.9 % Tier 1 capital 14.4 % 14.4 % Total capital 16.4 % 16.4 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. Leveraged-based capital $ in millions At March 31, 2024 At December 31, 2023 Leveraged-based capital Adjusted average assets 1 $ 1,178,369 $ 1,159,626 Supplementary leverage exposure 2 1,464,030 1,429,552 Leveraged-based capital ratio Tier 1 leverage 6.7 % 6.7 % SLR 5.4 % 5.5 % Required ratio 3 Tier 1 leverage 4.0 % 4.0 % SLR 5.0 % 5.0 % 1. 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 our own capital instruments, certain deferred tax assets and other capital deductions. 2. 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. 3. Required ratios are inclusive of any buffers applicable as of the date presented. U.S. Bank Subsidiaries’ Regulatory Capital and Capital Ratios The OCC establishes capital requirements for the U.S. Bank Subsidiaries, and evaluates their compliance with such capital requirements. Regulatory capital requirements for the U.S. Bank Subsidiaries are calculated in a similar manner to the Firm’s regulatory capital requirements, although G-SIB capital surcharge and SCB requirements do not apply to the U.S. Bank Subsidiaries. The OCC’s regulatory capital framework includes Prompt Corrective Action (“PCA”) standards, including “well-capitalized” PCA standards that are based on specified regulatory capital ratio minimums. For the Firm to remain an FHC, its U.S. Bank Subsidiaries must remain well-capitalized in accordance with the OCC’s PCA standards. In addition, failure by the U.S. Bank Subsidiaries to meet minimum capital requirements may result in certain mandatory and discretionary actions by regulators that, if undertaken, could have a direct material effect on the U.S. Bank Subsidiaries’ and the Firm’s financial statements. At March 31, 2024 and December 31, 2023, 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 75% from January 1, 2024. The deferral impacts will become fully phased-in beginning on January 1, 2025. MSBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At March 31, 2024 At December 31, 2023 $ in millions Amount Ratio Amount Ratio Risk-based capital CET1 capital 6.5 % 7.0 % $ 23,127 22.5 % $ 21,925 21.7 % Tier 1 capital 8.0 % 8.5 % 23,127 22.5 % 21,925 21.7 % Total capital 10.0 % 10.5 % 24,033 23.3 % 22,833 22.6 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 23,127 10.9 % $ 21,925 10.6 % SLR 6.0 % 3.0 % 23,127 8.4 % 21,925 8.2 % MSPBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At March 31, 2024 At December 31, 2023 $ in millions Amount Ratio Amount Ratio Risk-based capital CET1 capital 6.5 % 7.0 % $ 15,978 26.4 % $ 15,388 25.8 % Tier 1 capital 8.0 % 8.5 % 15,978 26.4 % 15,388 25.8 % Total capital 10.0 % 10.5 % 16,266 26.9 % 15,675 26.3 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 15,978 7.7 % $ 15,388 7.5 % SLR 6.0 % 3.0 % 15,978 7.5 % 15,388 7.2 % 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 March 31, At December 31, Net capital $ 18,628 $ 18,121 Excess net capital 14,145 13,676 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 March 31, 2024 and December 31, 2023, MS&Co. exceeded its net capital requirement and had tentative net capital in excess of the minimum and notification requirements. Other Regulated Subsidiaries Certain other subsidiaries are also subject to various regulatory capital requirements. Such subsidiaries include the following, each of which operated with capital in excess of their respective regulatory capital requirements as of March 31, 2024 and December 31, 2023, as applicable: • MSSB, • MSIP, • MSESE, • MSMS, • MSCS, and • MSCG See Note 16 to the financial statements in the 2023 Form 10-K for further information.

Total Equity

Total Equity	3 Months Ended
	Mar. 31, 2024
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 17 to the financial statements in the 2023 Form 10-K. The Firm’s preferred stock has a preference over its common stock upon liquidation. The Firm’s preferred stock qualifies as and is included in Tier 1 capital in accordance with regulatory capital requirements (see Note 15). Share Repurchases Three Months Ended March 31, $ in millions 2024 2023 Repurchases of common stock under the Firm’s Share Repurchase Authorization $ 1,000 $ 1,500 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 17 to the financial statements in the 2023 Form 10-K. Common Shares Outstanding for Basic and Diluted EPS Three Months Ended in millions 2024 2023 Weighted average common shares outstanding, basic 1,601 1,645 Effect of dilutive RSUs and PSUs 15 18 Weighted average common shares outstanding and common stock equivalents, diluted 1,616 1,663 Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) — 4 Dividends $ in millions, except per Three Months Ended Three Months Ended Per Share 1 Total Per Share 1 Total Preferred stock series A $ 392 $ 17 $ 343 $ 15 C 25 13 25 13 E 445 15 445 15 F 434 15 430 14 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 2,226 7 2,650 8 O 266 14 266 14 P 406 16 406 16 Total Preferred stock $ 146 $ 144 Common stock $ 0.85 $ 1,390 $ 0.775 $ 1,305 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. Accumulated Other Comprehensive Income (Loss) 1 $ in millions CTA AFS Securities Pension and Other DVA Cash Flow Hedges Total December 31, 2023 $ (1,153) $ (3,094) $ (595) $ (1,595) $ 16 $ (6,421) OCI during the period (112) 68 4 (568) (28) (636) March 31, 2024 $ (1,265) $ (3,026) $ (591) $ (2,163) $ (12) $ (7,057) December 31, 2022 $ (1,204) $ (4,192) $ (508) $ (345) $ (4) $ (6,253) OCI during the period 32 512 (1) (8) 7 542 March 31, 2023 $ (1,172) $ (3,680) $ (509) $ (353) $ 3 $ (5,711) 1. Amounts are net of tax and noncontrolling interests. Components of Period Changes in OCI Three Months Ended March 31, 2024 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (70) $ (103) $ (173) $ (61) $ (112) Reclassified to earnings — — — — — Net OCI $ (70) $ (103) $ (173) $ (61) $ (112) Change in net unrealized gains (losses) on AFS securities OCI activity $ 132 $ (32) $ 100 $ — $ 100 Reclassified to earnings (43) 11 (32) — (32) Net OCI $ 89 $ (21) $ 68 $ — $ 68 Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings 5 (1) 4 — 4 Net OCI $ 5 $ (1) $ 4 $ — $ 4 Change in net DVA OCI activity $ (751) $ 180 $ (571) $ 5 $ (576) Reclassified to earnings 10 (2) 8 — 8 Net OCI $ (741) $ 178 $ (563) $ 5 $ (568) Change in fair value of cash flow hedge derivatives OCI activity $ (47) $ 11 $ (36) $ — $ (36) Reclassified to earnings 11 (3) 8 — 8 Net OCI $ (36) $ 8 $ (28) $ — $ (28) Three Months Ended March 31, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (10) $ 30 $ 20 $ (12) $ 32 Reclassified to earnings — — — — — Net OCI $ (10) $ 30 $ 20 $ (12) $ 32 Change in net unrealized gains (losses) on AFS securities OCI activity $ 710 $ (167) $ 543 $ — $ 543 Reclassified to earnings (41) 10 (31) — (31) Net OCI $ 669 $ (157) $ 512 $ — $ 512 Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings (1) — (1) — (1) Net OCI $ (1) $ — $ (1) $ — $ (1) Change in net DVA OCI activity $ (30) $ 10 $ (20) $ (7) $ (13) Reclassified to earnings 6 (1) 5 — 5 Net OCI $ (24) $ 9 $ (15) $ (7) $ (8) Change in fair value of cash flow hedge derivatives OCI activity $ 7 $ (1) $ 6 $ — $ 6 Reclassified to earnings 1 — 1 — 1 Net OCI $ 8 $ (1) $ 7 $ — $ 7

Interest Income and Interest Ex

Interest Income and Interest Expense	3 Months Ended
	Mar. 31, 2024
Interest Income (Expense), Net [Abstract]
Interest Income and Interest Expense	Interest Income and Interest Expense Three Months Ended $ in millions 2024 2023 Interest income Cash and cash equivalents 1 $ 903 743 Investment securities 1,197 1,018 Loans 3,305 2,815 Securities purchased under agreements to resell 2 2,530 1,477 Securities borrowed 3 1,376 1,172 Trading assets, net of Trading liabilities 1,382 913 Customer receivables and Other 1, 4 2,237 1,842 Total interest income $ 12,930 $ 9,980 Interest expense Deposits $ 2,476 $ 1,575 Borrowings 3,223 2,506 Securities sold under agreements to repurchase 5 2,402 1,218 Securities loaned 6 224 164 Customer payables and Other 4, 7 2,809 2,171 Total interest expense $ 11,134 $ 7,634 Net interest $ 1,796 $ 2,346 1. In the fourth quarter of 2023, interest bearing Cash and cash equivalents and related interest were presented separately for the first time. The prior period amounts for Customer receivables and Other have been disaggregated to exclude Cash and cash equivalents to align with the current presentation. 2. Includes interest paid on Securities purchased under agreements to resell. 3. Includes fees paid on Securities borrowed. 4. Certain prior period amounts have been adjusted to conform with the current period presentation. This adjustment resulted in a decrease to both interest income and interest expense of $890 million and no change to net interest income for the first quarter of 2023 for the Institutional Securities segment. See Note 2 for additional information. 5. Includes interest received on Securities sold under agreements to repurchase. 6. Includes fees received on Securities loaned. 7. Includes fees received from Equity Financing customers related to their short transactions, which can be under either margin or securities lending arrangements. Interest income and Interest expense are classified in the income statement based on the nature of the instrument and related market conventions. When included as a component of the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense. Accrued Interest $ in millions At March 31, At December 31, Customer and other receivables $ 5,149 $ 4,206 Customer and other payables 4,942 4,360

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Firm is routinely under examination by the IRS and other tax authorities in certain countries, such as Japan and the U.K., and in states and localities in which it has significant business operations, such as New York. The Firm believes that the resolution of these tax examinations will not have a material effect on the annual financial statements, although a resolution could have a material impact in the income statement and on the effective tax rate for any period in which such resolutions occur. It is reasonably possible that significant changes in the balance of unrecognized tax benefits may occur within the next 12 months. At this time, however, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits and the impact on the Firm’s effective tax rate over the next 12 months.

Segment, Geographic and Revenue

Segment, Geographic and Revenue Information	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment, Geographic and Revenue Information	Segment, Geographic and Revenue Information Selected Financial Information by Business Segment Three Months Ended March 31, 2024 $ in millions IS WM IM I/E Total Investment banking $ 1,447 $ 166 $ — $ (24) $ 1,589 Trading 4,583 262 (7) 14 4,852 Investments 49 19 69 — 137 Commissions and fees 1 691 605 — (69) 1,227 Asset management 1,2 157 3,829 1,346 (63) 5,269 Other 124 143 3 (4) 266 Total non-interest revenues 7,051 5,024 1,411 (146) 13,340 Interest income 9,308 3,973 26 (377) 12,930 Interest expense 9,343 2,117 60 (386) 11,134 Net interest (35) 1,856 (34) 9 1,796 Net revenues $ 7,016 $ 6,880 $ 1,377 $ (137) $ 15,136 Provision for credit losses $ 2 $ (8) $ — $ — $ (6) Compensation and benefits 2,343 3,788 565 — 6,696 Non-compensation expenses 2,320 1,294 571 (134) 4,051 Total non-interest expenses $ 4,663 $ 5,082 $ 1,136 $ (134) $ 10,747 Income before provision for income taxes $ 2,351 $ 1,806 $ 241 $ (3) $ 4,395 Provision for income taxes 482 403 49 (1) 933 Net income 1,869 1,403 192 (2) 3,462 Net income applicable to noncontrolling interests 50 — — — 50 Net income applicable to Morgan Stanley $ 1,819 $ 1,403 $ 192 $ (2) $ 3,412 Three Months Ended March 31, 2023 $ in millions IS WM IM I/E Total Investment banking $ 1,247 $ 104 $ — $ (21) $ 1,330 Trading 4,257 227 (16) 9 4,477 Investments 28 16 101 — 145 Commissions and fees 1 714 590 — (65) 1,239 Asset management 1,2 148 3,382 1,248 (50) 4,728 Other 180 82 (6) (4) 252 Total non-interest revenues 6,574 4,401 1,327 (131) 12,171 Interest income 3 6,868 3,627 29 (544) 9,980 Interest expense 3 6,645 1,469 67 (547) 7,634 Net interest 223 2,158 (38) 3 2,346 Net revenues $ 6,797 $ 6,559 $ 1,289 $ (128) $ 14,517 Provision for credit losses $ 189 $ 45 $ — $ — $ 234 Compensation and benefits 2,365 3,477 568 — 6,410 Non-compensation expenses 2,351 1,325 555 (118) 4,113 Total non-interest expenses $ 4,716 $ 4,802 $ 1,123 $ (118) $ 10,523 Income before provision for income taxes $ 1,892 $ 1,712 $ 166 $ (10) $ 3,760 Provision for income taxes 363 336 30 (2) 727 Net income 1,529 1,376 136 (8) 3,033 Net income applicable to noncontrolling interests 51 — 2 — 53 Net income applicable to Morgan Stanley $ 1,478 $ 1,376 $ 134 $ (8) $ 2,980 1. Substantially all revenues are from contracts with customers. 2. Includes certain fees that may relate to services performed in prior periods. 3. Certain prior period amounts have been adjusted to conform with the current period presentation. This adjustment resulted in a decrease to both interest income and interest expense of $890 million and no change to net interest income for the first quarter of 2023 for the Institutional Securities segment. See Note 2 for additional information. For a discussion about the Firm’s business segments, see Note 22 to the financial statements in the 2023 Form 10-K. Detail of Investment Banking Revenues Three Months Ended $ in millions 2024 2023 Institutional Securities Advisory $ 461 $ 638 Institutional Securities Underwriting 986 609 Firm Investment banking revenues from contracts with customers 90 % 89 % Trading Revenues by Product Type Three Months Ended $ in millions 2024 2023 Interest rate $ 1,826 $ 1,368 Foreign exchange 272 262 Equity 1 2,304 2,212 Commodity and other 595 539 Credit (145) 96 Total $ 4,852 $ 4,477 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 $ 770 $ 787 The Firm’s portion of net cumulative performance-based fees in the form of unrealized carried interest, for which the Firm is not obligated to pay compensation, is at risk of reversing when the return in certain funds fall below specified performance targets. See Note 13 for information regarding general partner guarantees, which include potential obligations to return performance fee distributions previously received. Investment Management Asset Management Revenues—Reduction of Fees Due to Fee Waivers Three Months Ended $ in millions 2024 2023 Fee waivers $ 24 $ 18 The Firm waives a portion of its fees in the Investment Management business segment from certain registered money market funds that comply with the requirements of Rule 2a-7 of the Investment Company Act of 1940. Certain Other Fee Waivers Separately, the Firm’s employees, including its senior officers, may participate on the same terms and conditions as other investors in certain funds that the Firm sponsors primarily for client investment, and the Firm may waive or lower applicable fees and charges for its employees. Other Expenses—Transaction Taxes Three Months Ended $ in millions 2024 2023 Transaction taxes $ 206 $ 214 Transaction taxes are composed of securities transaction taxes and stamp duties, which are levied on the sale or purchase of securities listed on recognized stock exchanges in certain markets. These taxes are imposed mainly on trades of equity securities in Asia and EMEA. Similar transaction taxes are levied on trades of listed derivative instruments in certain countries. Net Revenues by Region Three Months Ended $ in millions 2024 2023 Americas $ 11,567 $ 10,791 EMEA 1,826 1,737 Asia 1,743 1,989 Total $ 15,136 $ 14,517 For a discussion about the Firm’s geographic net revenues, see Note 22 to the financial statements in the 2023 Form 10-K. Revenues Recognized from Prior Services Three Months Ended $ in millions 2024 2023 Non-interest revenues $ 476 $ 704 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 $ 2,570 $ 2,339 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 $ 832,693 $ 810,506 Wealth Management 377,924 365,168 Investment Management 17,886 18,019 Total 1 $ 1,228,503 $ 1,193,693

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
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 2023 Form 10-K. Certain footnote disclosures included in the 2023 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 2023 Form 10-K.
Accounting Updates Adopted in 2024	Accounting Updates Adopted in 2024 Investments - Tax Credit Structures The Firm adopted the Investments - Equity Method and Joint Ventures - Tax Credit Structures accounting update on January 1, 2024 using the modified retrospective method. This accounting update permits an election to account for tax equity investments using the proportional amortization method if certain conditions are met. Under the proportional amortization method, the initial cost of the investment is amortized in proportion to the income tax credits and other income tax benefits received and recognized net in the income statement as a component of provision for income taxes. The update requires a separate accounting policy election to be made for each tax credit program. Additional disclosures are required regarding (i) the nature of our tax equity investments and (ii) the effect of our tax equity investments and related income tax credits on the financial condition and results of operations (see Note 10).

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	3 Months Ended
	Mar. 31, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	$ in millions At At Cash and due from banks $ 8,356 $ 7,323 Interest bearing deposits with banks 93,949 81,909 Total Cash and cash equivalents $ 102,305 $ 89,232 Restricted cash $ 32,492 $ 30,571

Fair Values (Tables)

Fair Values (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and Liabilities Measured at Fair Value on a Recurring Basis At March 31, 2024 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 64,272 $ 44,638 $ — $ — $ 108,910 Other sovereign government obligations 27,671 11,170 64 — 38,905 State and municipal securities — 1,927 102 — 2,029 MABS — 1,689 457 — 2,146 Loans and lending commitments 2 — 8,030 1,895 — 9,925 Corporate and other debt — 37,304 2,042 — 39,346 Corporate equities 3,5 118,398 715 268 — 119,381 Derivative and other contracts: Interest rate 2,067 133,957 843 — 136,867 Credit 1 10,049 401 — 10,451 Foreign exchange 34 72,069 249 — 72,352 Equity 1,831 74,034 595 — 76,460 Commodity and other 1,763 12,108 2,894 — 16,765 Netting 1 (4,301) (230,318) (1,002) (39,842) (275,463) Total derivative and other contracts 1,395 71,899 3,980 (39,842) 37,432 Investments 4,5 1,049 879 970 — 2,898 Physical commodities — 1,322 — — 1,322 Total trading assets 4 212,785 179,573 9,778 (39,842) 362,294 Investment securities—AFS 58,224 29,089 — — 87,313 Total assets at fair value $ 271,009 $ 208,662 $ 9,778 $ (39,842) $ 449,607 At March 31, 2024 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 6,378 $ 51 $ — $ 6,429 Trading liabilities: U.S. Treasury and agency securities 24,479 25 — — 24,504 Other sovereign government obligations 30,427 3,624 — — 34,051 Corporate and other debt — 12,654 39 — 12,693 Corporate equities 3 49,284 267 34 — 49,585 Derivative and other contracts: Interest rate 1,823 124,827 795 — 127,445 Credit — 10,623 274 — 10,897 Foreign exchange 151 66,542 229 — 66,922 Equity 1,975 87,270 1,584 — 90,829 Commodity and other 1,874 10,851 1,684 — 14,409 Netting 1 (4,301) (230,318) (1,002) (42,871) (278,492) Total derivative and other contracts 1,522 69,795 3,564 (42,871) 32,010 Total trading liabilities 105,712 86,365 3,637 (42,871) 152,843 Securities sold under agreements to repurchase — 367 460 — 827 Other secured financings — 11,003 74 — 11,077 Borrowings — 93,077 2,027 — 95,104 Total liabilities at fair value $ 105,712 $ 197,190 $ 6,249 $ (42,871) $ 266,280 At December 31, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Assets at fair value Trading assets: U.S. Treasury and agency securities $ 56,459 $ 53,741 $ — $ — $ 110,200 Other sovereign government obligations 22,580 9,946 94 — 32,620 State and municipal securities — 2,148 34 — 2,182 MABS — 1,540 489 — 2,029 Loans and lending commitments 2 — 6,122 2,066 — 8,188 Corporate and other debt — 35,833 1,983 — 37,816 Corporate equities 3 126,772 929 199 — 127,900 Derivative and other contracts: Interest rate 7,284 140,139 784 — 148,207 Credit — 10,244 393 — 10,637 Foreign exchange 12 93,218 20 — 93,250 Equity 2,169 55,319 587 — 58,075 Commodity and other 1,608 11,862 2,811 — 16,281 Netting 1 (7,643) (237,497) (1,082) (42,915) (289,137) Total derivative and other contracts 3,430 73,285 3,513 (42,915) 37,313 Investments 4 781 836 949 — 2,566 Physical commodities — 736 — — 736 Total trading assets 4 210,022 185,116 9,327 (42,915) 361,550 Investment securities—AFS 57,405 30,708 — — 88,113 Securities purchased under agreements to resell — 7 — — 7 Total assets at fair value $ 267,427 $ 215,831 $ 9,327 $ (42,915) $ 449,670 At December 31, 2023 $ in millions Level 1 Level 2 Level 3 Netting 1 Total Liabilities at fair value Deposits $ — $ 6,439 $ 33 $ — $ 6,472 Trading liabilities: U.S. Treasury and agency securities 27,708 16 — — 27,724 Other sovereign government obligations 26,829 3,955 6 — 30,790 Corporate and other debt — 10,560 9 — 10,569 Corporate equities 3 46,809 300 45 — 47,154 Derivative and other contracts: Interest rate 8,000 129,983 857 — 138,840 Credit — 10,795 297 — 11,092 Foreign exchange 96 89,880 385 — 90,361 Equity 2,411 64,794 1,689 — 68,894 Commodity and other 1,642 11,904 1,521 — 15,067 Netting 1 (7,643) (237,497) (1,082) (42,757) (288,979) Total derivative and other contracts 4,506 69,859 3,667 (42,757) 35,275 Total trading liabilities 105,852 84,690 3,727 (42,757) 151,512 Securities sold under agreements to repurchase — 571 449 — 1,020 Other secured financings — 9,807 92 — 9,899 Borrowings — 92,022 1,878 — 93,900 Total liabilities at fair value $ 105,852 $ 193,529 $ 6,179 $ (42,757) $ 262,803 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 March 31, 2024 and December 31, 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 Commercial Real Estate $ 1,141 $ 422 Residential Real Estate 3,338 2,909 Securities-based lending and Other loans 5,446 4,857 Total $ 9,925 $ 8,188
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 $ 1,524 $ 1,062 1. These contracts are primarily Level 1, actively traded, valued based on quoted prices from the exchange and are excluded from the previous recurring fair value tables.
Schedule of Rollforward of Level 3 Assets Measured at Fair Value on a Recurring Basis	Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended $ in millions 2024 2023 U.S. Treasury and agency securities Beginning balance $ — $ 17 Purchases — (9) Sales — (7) Ending balance $ — $ 1 Unrealized gains (losses) $ — $ — Other sovereign government obligations Beginning balance $ 94 $ 169 Realized and unrealized gains (losses) (2) 4 Purchases 3 78 Sales (8) (54) Net transfers (23) (1) Ending balance $ 64 $ 196 Unrealized gains (losses) $ 1 $ 4 State and municipal securities Beginning balance $ 34 $ 145 Purchases 2 — Sales (32) (40) Net transfers 98 (102) Ending balance $ 102 $ 3 Unrealized gains (losses) $ — $ — MABS Beginning balance $ 489 $ 416 Realized and unrealized gains (losses) 6 2 Purchases 48 57 Sales (84) (45) Net transfers (2) 24 Ending balance $ 457 $ 454 Unrealized gains (losses) $ (8) $ 1 Loans and lending commitments Beginning balance $ 2,066 $ 2,017 Realized and unrealized gains (losses) (10) (26) Purchases and originations 483 535 Sales (410) (193) Settlements (122) (235) Net transfers (112) (41) Ending balance $ 1,895 $ 2,057 Unrealized gains (losses) $ (10) $ (25) Three Months Ended $ in millions 2024 2023 Corporate and other debt Beginning balance $ 1,983 $ 2,096 Realized and unrealized gains (losses) 50 34 Purchases and originations 196 508 Sales (122) (446) Settlements (2) — Net transfers (63) 51 Ending balance $ 2,042 $ 2,243 Unrealized gains (losses) $ 108 $ 64 Corporate equities Beginning balance $ 199 $ 116 Realized and unrealized gains (losses) (64) (8) Purchases 10 19 Sales (12) (25) Net transfers 135 42 Ending balance $ 268 $ 144 Unrealized gains (losses) $ (2) $ (2) Investments Beginning balance $ 949 $ 923 Realized and unrealized gains (losses) 20 14 Purchases 3 47 Sales (2) (24) Net transfers — (5) Ending balance $ 970 $ 955 Unrealized gains (losses) $ (5) $ 10 Investment securities—AFS Beginning balance $ — $ 35 Realized and unrealized gains (losses) — 1 Net transfers — (36) Ending balance $ — $ — Unrealized gains (losses) $ — $ 1 Net derivatives: Interest rate Beginning balance $ (73) $ (151) Realized and unrealized gains (losses) 113 (149) Purchases 31 10 Issuances (16) (8) Settlements (112) 189 Net transfers 105 (108) Ending balance $ 48 $ (217) Unrealized gains (losses) $ 119 $ 29 Three Months Ended $ in millions 2024 2023 Net derivatives: Credit Beginning balance $ 96 $ 110 Realized and unrealized gains (losses) (11) (27) Settlements 48 (31) Net transfers (6) (4) Ending balance $ 127 $ 48 Unrealized gains (losses) $ (9) $ (28) Net derivatives: Foreign exchange Beginning balance $ (365) $ 66 Realized and unrealized gains (losses) 301 (11) Purchases 9 — Issuances — (3) Settlements (28) 40 Net transfers 103 (26) Ending balance $ 20 $ 66 Unrealized gains (losses) $ 348 $ (10) Net derivatives: Equity Beginning balance $ (1,102) $ (736) Realized and unrealized gains (losses) 171 16 Purchases 47 39 Issuances (49) (161) Settlements 77 (30) Net transfers (133) 95 Ending balance $ (989) $ (777) Unrealized gains (losses) $ 192 $ (30) Net derivatives: Commodity and other Beginning balance $ 1,290 $ 1,083 Realized and unrealized gains (losses) 44 446 Purchases 87 16 Issuances (44) (3) Settlements (153) (103) Net transfers (14) 160 Ending balance $ 1,210 $ 1,599 Unrealized gains (losses) $ (132) $ 211 Deposits Beginning balance $ 33 $ 20 Realized and unrealized losses (gains) 1 — Issuances 2 6 Settlements (1) — Net transfers 16 3 Ending balance $ 51 $ 29 Unrealized losses (gains) $ 1 $ — Nonderivative trading liabilities Beginning balance $ 60 $ 74 Realized and unrealized losses (gains) 4 (7) Purchases (38) (44) Sales 27 113 Net transfers 20 24 Ending balance $ 73 $ 160 Unrealized losses (gains) $ 4 $ (5) Three Months Ended $ in millions 2024 2023 Securities sold under agreements to repurchase Beginning balance $ 449 $ 512 Realized and unrealized losses (gains) 11 11 Settlements — (9) Ending balance $ 460 $ 514 Unrealized losses (gains) $ 11 $ 11 Other secured financings Beginning balance $ 92 $ 91 Realized and unrealized losses (gains) (4) 2 Issuances 7 41 Settlements (21) (19) Ending balance $ 74 $ 115 Unrealized losses (gains) $ (4) $ 2 Borrowings Beginning balance $ 1,878 $ 1,587 Realized and unrealized losses (gains) 51 48 Issuances 217 239 Settlements (109) (82) Net transfers (10) (143) Ending balance $ 2,027 $ 1,649 Unrealized losses (gains) $ 50 $ 45 Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 22 9
Schedule of Rollforward of Level 3 Liabilities Measured at Fair Value on a Recurring Basis	Rollforward of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Three Months Ended $ in millions 2024 2023 U.S. Treasury and agency securities Beginning balance $ — $ 17 Purchases — (9) Sales — (7) Ending balance $ — $ 1 Unrealized gains (losses) $ — $ — Other sovereign government obligations Beginning balance $ 94 $ 169 Realized and unrealized gains (losses) (2) 4 Purchases 3 78 Sales (8) (54) Net transfers (23) (1) Ending balance $ 64 $ 196 Unrealized gains (losses) $ 1 $ 4 State and municipal securities Beginning balance $ 34 $ 145 Purchases 2 — Sales (32) (40) Net transfers 98 (102) Ending balance $ 102 $ 3 Unrealized gains (losses) $ — $ — MABS Beginning balance $ 489 $ 416 Realized and unrealized gains (losses) 6 2 Purchases 48 57 Sales (84) (45) Net transfers (2) 24 Ending balance $ 457 $ 454 Unrealized gains (losses) $ (8) $ 1 Loans and lending commitments Beginning balance $ 2,066 $ 2,017 Realized and unrealized gains (losses) (10) (26) Purchases and originations 483 535 Sales (410) (193) Settlements (122) (235) Net transfers (112) (41) Ending balance $ 1,895 $ 2,057 Unrealized gains (losses) $ (10) $ (25) Three Months Ended $ in millions 2024 2023 Corporate and other debt Beginning balance $ 1,983 $ 2,096 Realized and unrealized gains (losses) 50 34 Purchases and originations 196 508 Sales (122) (446) Settlements (2) — Net transfers (63) 51 Ending balance $ 2,042 $ 2,243 Unrealized gains (losses) $ 108 $ 64 Corporate equities Beginning balance $ 199 $ 116 Realized and unrealized gains (losses) (64) (8) Purchases 10 19 Sales (12) (25) Net transfers 135 42 Ending balance $ 268 $ 144 Unrealized gains (losses) $ (2) $ (2) Investments Beginning balance $ 949 $ 923 Realized and unrealized gains (losses) 20 14 Purchases 3 47 Sales (2) (24) Net transfers — (5) Ending balance $ 970 $ 955 Unrealized gains (losses) $ (5) $ 10 Investment securities—AFS Beginning balance $ — $ 35 Realized and unrealized gains (losses) — 1 Net transfers — (36) Ending balance $ — $ — Unrealized gains (losses) $ — $ 1 Net derivatives: Interest rate Beginning balance $ (73) $ (151) Realized and unrealized gains (losses) 113 (149) Purchases 31 10 Issuances (16) (8) Settlements (112) 189 Net transfers 105 (108) Ending balance $ 48 $ (217) Unrealized gains (losses) $ 119 $ 29 Three Months Ended $ in millions 2024 2023 Net derivatives: Credit Beginning balance $ 96 $ 110 Realized and unrealized gains (losses) (11) (27) Settlements 48 (31) Net transfers (6) (4) Ending balance $ 127 $ 48 Unrealized gains (losses) $ (9) $ (28) Net derivatives: Foreign exchange Beginning balance $ (365) $ 66 Realized and unrealized gains (losses) 301 (11) Purchases 9 — Issuances — (3) Settlements (28) 40 Net transfers 103 (26) Ending balance $ 20 $ 66 Unrealized gains (losses) $ 348 $ (10) Net derivatives: Equity Beginning balance $ (1,102) $ (736) Realized and unrealized gains (losses) 171 16 Purchases 47 39 Issuances (49) (161) Settlements 77 (30) Net transfers (133) 95 Ending balance $ (989) $ (777) Unrealized gains (losses) $ 192 $ (30) Net derivatives: Commodity and other Beginning balance $ 1,290 $ 1,083 Realized and unrealized gains (losses) 44 446 Purchases 87 16 Issuances (44) (3) Settlements (153) (103) Net transfers (14) 160 Ending balance $ 1,210 $ 1,599 Unrealized gains (losses) $ (132) $ 211 Deposits Beginning balance $ 33 $ 20 Realized and unrealized losses (gains) 1 — Issuances 2 6 Settlements (1) — Net transfers 16 3 Ending balance $ 51 $ 29 Unrealized losses (gains) $ 1 $ — Nonderivative trading liabilities Beginning balance $ 60 $ 74 Realized and unrealized losses (gains) 4 (7) Purchases (38) (44) Sales 27 113 Net transfers 20 24 Ending balance $ 73 $ 160 Unrealized losses (gains) $ 4 $ (5) Three Months Ended $ in millions 2024 2023 Securities sold under agreements to repurchase Beginning balance $ 449 $ 512 Realized and unrealized losses (gains) 11 11 Settlements — (9) Ending balance $ 460 $ 514 Unrealized losses (gains) $ 11 $ 11 Other secured financings Beginning balance $ 92 $ 91 Realized and unrealized losses (gains) (4) 2 Issuances 7 41 Settlements (21) (19) Ending balance $ 74 $ 115 Unrealized losses (gains) $ (4) $ 2 Borrowings Beginning balance $ 1,878 $ 1,587 Realized and unrealized losses (gains) 51 48 Issuances 217 239 Settlements (109) (82) Net transfers (10) (143) Ending balance $ 2,027 $ 1,649 Unrealized losses (gains) $ 50 $ 45 Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA 22 9
Schedule of Valuation Techniques and Unobservable Inputs	Valuation Techniques and Unobservable Inputs Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2024 At December 31, 2023 Assets at Fair Value on a Recurring Basis Other sovereign government obligations $ 64 $ 94 Comparable pricing: Bond price 62 to 116 points (87 points) 61 to 110 points (87 points) State and municipal securities $ 102 $ 34 Comparable pricing: Bond price 99 to 100 points (100 points) N/M MABS $ 457 $ 489 Comparable pricing: Bond price 0 to 88 points (60 points) 0 to 88 points (61 points) Loans and lending commitments $ 1,895 $ 2,066 Margin loan model: Margin loan rate 2% to 4% (3%) 2% to 4% (3%) Comparable pricing: Loan price 84 to 101 points (97 points) 85 to 102 points (98 points) Corporate and other debt $ 2,042 $ 1,983 Comparable pricing: Bond price 28 to 130 points (85 points) 28 to 135 points (82 points) Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Corporate equities $ 268 $ 199 Comparable pricing: Equity price 100% 100% Investments $ 970 $ 949 Discounted cash flow: WACC 9% to 17% (12%) 16% to 18% (17%) Exit multiple 9 to 10 times (10 times) 9 to 17 times (15 times) Market approach: EBITDA multiple 21 times 22 times Comparable pricing: Equity price 24% to 100% (85%) 24% to 100% (86%) Net derivative and other contracts: Interest rate $ 48 $ (73) Option model: IR volatility skew 69% to 87% (75% / 70%) 70% to 100% (81% / 93%) IR curve correlation 70% to 87% (83% / 85%) 49% to 99% (77% / 79%) Bond volatility 100% to 110% (106% / 110%) 79% to 85% (82% / 85%) Inflation volatility 29% to 70% (43% / 39%) 27% to 70% (43% / 39%) Credit $ 127 $ 96 Credit default swap model: Cash-synthetic basis 7 points 7 points Bond price 0 to 92 points (47 points) 0 to 92 points (46 points) Credit spread 10 to 365 bps (96 bps) 10 to 404 bps (94 bps) Funding spread 18 to 590 bps (71 bps) 18 to 590 bps (67 bps) Balance / Range (Average 1 ) $ in millions, except inputs At March 31, 2024 At December 31, 2023 Foreign exchange 2 $ 20 $ (365) Option model: IR curve -1% to 14% (5% / 4%) -4% to 26% (7% / 5%) Foreign exchange volatility skew N/M -3% to 12% (2% / 0%) Contingency probability 70% to 95% (90% / 95%) 95% Equity 2 $ (989) $ (1,102) Option model: Equity volatility 6% to 92% (19%) 6% to 97% (23%) Equity volatility skew -1% to 0% (-1%) -1% to 0% (0%) Equity correlation 25% to 99% (59%) 25% to 97% (49%) FX correlation -74% to 50% (-19%) -79% to 40% (-28%) IR correlation 13% to 30% (14%) 10% to 30% (15%) Commodity and other $ 1,210 $ 1,290 Option model: Forward power price $0 to $186 ($48) per MWh $0 to $220 ($49) per MWh Commodity volatility 10% to 115% (31%) 8% to 123% (31%) Cross-commodity correlation 54% to 100% (94%) 54% to 100% (94%) Liabilities Measured at Fair Value on a Recurring Basis Deposits $ 51 N/M Option model: Equity volatility 7% to 13% (7%) N/M Securities sold under agreements to repurchase $ 460 $ 449 Discounted cash flow: Funding spread 6 to 134 bps (42 / 30 bps) 28 to 135 bps (79 bps) Other secured financings $ 74 $ 92 Comparable pricing: Loan price 22 to 101 points (73 points) 22 to 101 points (76 points) Borrowings $ 2,027 $ 1,878 Option model: Equity volatility 4% to 70% (14%) 6% to 69% (13%) Equity volatility skew -1% to 0% (0%) -2% to 0% (0%) Equity correlation 25% to 98% (61%) 41% to 97% (79%) Equity - FX correlation -60% to 40% (-33%) -65% to 40% (-30%) IR curve correlation 60% to 99% (88% / 92%) 50% to 89% (71% / 70%) Credit default swap model: Credit spread 328 to 480 bps (404 bps) N/M Discounted cash flow: Loss given default 54% to 84% (62% / 54%) 54% to 84% (62% / 54%) Nonrecurring Fair Value Measurement Loans $ 5,119 $ 4,532 Corporate loan model: Credit spread 110 to 1890 bps (1053 bps) 99 to 1467 bps (1015 bps) Comparable pricing: Loan price 42 to 100 points (86 points) 25 to 93 points (70 points) Warehouse model: Credit spread 110 to 275 bps (162 bps) 115 to 268 bps (185 bps) Points—Percentage of par IR—Interest rate FX—Foreign exchange 1. A single amount is disclosed for range and average when there is no significant difference between the minimum, maximum and average. Amounts represent weighted averages except where simple averages and the median of the inputs are more relevant. 2. Includes derivative contracts with multiple risks ( i.e. , hybrid products).
Schedule of Net Asset Value Measurements	Fund Interests At March 31, 2024 At December 31, 2023 $ in millions Carrying Commitment Carrying Commitment Private equity $ 2,460 $ 693 $ 2,685 $ 720 Real estate 2,803 235 2,765 240 Hedge 77 3 74 3 Total $ 5,340 $ 931 $ 5,524 $ 963 Nonredeemable Funds by Contractual Maturity Carrying Value at March 31, 2024 $ in millions Private Equity Real Estate Less than 5 years $ 1,122 $ 947 5-10 years 1,242 1,816 Over 10 years 96 40 Total $ 2,460 $ 2,803
Schedule of Nonrecurring Fair Value Measurements	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis At March 31, 2024 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans 2,460 5,119 7,579 Total $ 2,460 $ 5,119 $ 7,579 Liabilities Other liabilities and accrued expenses—Lending commitments $ 70 $ 58 $ 128 Total $ 70 $ 58 $ 128 At December 31, 2023 Fair Value $ in millions Level 2 Level 3 1 Total Assets Loans $ 4,215 $ 4,532 $ 8,747 Other assets—Other investments — 4 4 Other assets—ROU assets 23 — 23 Total $ 4,238 $ 4,536 $ 8,774 Liabilities Other liabilities and accrued expenses—Lending commitments $ 110 $ 60 $ 170 Total $ 110 $ 60 $ 170 1. For significant Level 3 balances, refer to “Significant Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements” section herein for details of the significant unobservable inputs used for nonrecurring fair value measurement. Gains (Losses) from Nonrecurring Fair Value Remeasurements 1 Three Months Ended $ in millions 2024 2023 Assets Loans 2 $ (22) $ 19 Other assets—Premises, equipment and software 3 — (3) Total $ (22) $ 16 Liabilities Other liabilities and accrued expenses—Lending commitments 2 $ 1 $ 34 Total $ 1 $ 34 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—Premises, equipment and software generally include impairments as well as write-offs related to the disposal of certain assets.
Schedule of Financial Instruments Not Measured at Fair Value	Financial Instruments Not Measured at Fair Value At March 31, 2024 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 102,305 $ 102,305 $ — $ — $ 102,305 Investment securities—HTM 65,420 19,768 34,355 1,160 55,283 Securities purchased under agreements to resell 122,733 — 120,543 2,200 122,743 Securities borrowed 132,852 — 132,852 — 132,852 Customer and other receivables 75,427 — 71,198 4,010 75,208 Loans 1,2 Held for investment 203,794 — 15,513 181,932 197,445 Held for sale 13,426 — 6,002 7,511 13,513 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 346,065 $ — $ 346,166 $ — $ 346,166 Securities sold under agreements to repurchase 81,577 — 81,560 — 81,560 Securities loaned 15,945 — 15,945 — 15,945 Other secured financings 4,014 — 4,013 — 4,013 Customer and other payables 214,263 — 214,263 — 214,263 Borrowings 176,279 — 178,960 55 179,015 Commitment Lending commitments 3 $ 157,086 $ — $ 1,108 $ 833 $ 1,941 At December 31, 2023 Carrying Fair Value $ in millions Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 89,232 $ 89,232 $ — $ — $ 89,232 Investment securities—HTM 66,694 21,937 34,411 1,105 57,453 Securities purchased under agreements to resell 110,733 — 108,099 2,674 110,773 Securities borrowed 121,091 — 121,091 — 121,091 Customer and other receivables 74,337 — 70,110 4,031 74,141 Loans 1,2 Held for investment 203,385 — 20,125 176,291 196,416 Held for sale 15,255 — 8,652 6,672 15,324 Other assets 704 — 704 — 704 Financial liabilities Deposits $ 345,332 $ — $ 345,391 $ — $ 345,391 Securities sold under agreements to repurchase 61,631 — 61,621 — 61,621 Securities loaned 15,057 — 15,055 — 15,055 Other secured financings 2,756 — 2,756 — 2,756 Customer and other payables 208,015 — 208,015 — 208,015 Borrowings 169,832 — 171,009 4 171,013 Commitment Lending commitments 3 $ 149,464 $ — $ 1,338 $ 749 $ 2,087 1. Amounts include loans measured at fair value on a nonrecurring basis. 2. Loans amounts have been disaggregated into HFI and HFS for the first time in the fourth quarter of 2023. Prior period amounts have been revised to match the current period presentation. 3. Represents Lending commitments accounted for as Held for Investment and Held for Sale. For a further discussion on lending commitments, see Note 13.

Fair Value Option (Tables)

Fair Value Option (Tables)	3 Months Ended
	Mar. 31, 2024
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 $ 47,086 $ 46,073 Interest rates 30,553 31,055 Commodities 13,480 12,798 Credit 2,384 2,400 Foreign exchange 1,601 1,574 Total $ 95,104 $ 93,900 Net Revenues from Borrowings under the Fair Value Option Three Months Ended $ in millions 2024 2023 Trading revenues $ (114) $ (4,378) Interest expense 144 108 Net revenues 1 $ (258) $ (4,486) 1. Amounts do not reflect any gains or losses from related economic hedges. Gains (Losses) Due to Changes in Instrument-Specific Credit Risk Three Months Ended March 31, 2024 2023 $ in millions Trading Revenues OCI Trading Revenues OCI Loans and other receivables 1 $ 26 $ — $ (43) $ — Lending commitments (3) — 11 — Deposits — (4) — 93 Borrowings (10) (737) (6) (117) $ in millions At At Cumulative pre-tax DVA gain (loss) recognized in AOCI $ (2,907) $ (2,166) 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 $ 10,667 $ 11,086 Nonaccrual loans 2 8,101 8,566 Borrowings 3 3,085 3,030 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 $ 568 $ 440 Nonaccrual loans 90 or more days past due 176 75

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Asset Contracts	Fair Values of Derivative Contracts Assets at March 31, 2024 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 4 $ — $ — $ 4 Foreign exchange 83 20 — 103 Total 87 20 — 107 Not designated as accounting hedges Economic hedges of loans Credit 3 30 — 33 Other derivatives Interest rate 120,182 16,370 311 136,863 Credit 5,522 4,896 — 10,418 Foreign exchange 70,243 1,968 38 72,249 Equity 24,722 — 51,738 76,460 Commodity and other 14,511 — 2,254 16,765 Total 235,183 23,264 54,341 312,788 Total gross derivatives $ 235,270 $ 23,284 $ 54,341 $ 312,895 Amounts offset Counterparty netting (163,903) (20,569) (51,634) (236,106) Cash collateral netting (37,516) (1,841) — (39,357) Total in Trading assets $ 33,851 $ 874 $ 2,707 $ 37,432 Amounts not offset 1 Financial instruments collateral (17,375) — — (17,375) Net amounts $ 16,476 $ 874 $ 2,707 $ 20,057 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 2,798 Assets at December 31, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 25 $ — $ — $ 25 Foreign exchange 5 5 — 10 Total 30 5 — 35 Not designated as accounting hedges Economic hedges of loans Credit 2 27 — 29 Other derivatives Interest rate 127,414 19,914 854 148,182 Credit 5,712 4,896 — 10,608 Foreign exchange 90,654 2,570 16 93,240 Equity 20,338 — 37,737 58,075 Commodity and other 13,928 — 2,353 16,281 Total 258,048 27,407 40,960 326,415 Total gross derivatives $ 258,078 $ 27,412 $ 40,960 $ 326,450 Amounts offset Counterparty netting (184,553) (23,851) (38,510) (246,914) Cash collateral netting (39,493) (2,730) — (42,223) Total in Trading assets $ 34,032 $ 831 $ 2,450 $ 37,313 Amounts not offset 1 Financial instruments collateral (15,690) — — (15,690) Net amounts $ 18,342 $ 831 $ 2,450 $ 21,623 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 2,641
Schedule of Fair Values of Derivative Liability Contracts	Liabilities at March 31, 2024 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 482 $ — $ — $ 482 Foreign exchange 16 12 — 28 Total 498 12 — 510 Not designated as accounting hedges Economic hedges of loans Credit 44 779 — 823 Other derivatives Interest rate 112,206 14,460 297 126,963 Credit 5,550 4,524 — 10,074 Foreign exchange 64,588 2,149 157 66,894 Equity 38,982 — 51,847 90,829 Commodity and other 11,770 — 2,639 14,409 Total 233,140 21,912 54,940 309,992 Total gross derivatives $ 233,638 $ 21,924 $ 54,940 $ 310,502 Amounts offset Counterparty netting (163,903) (20,569) (51,634) (236,106) Cash collateral netting (41,077) (1,309) — (42,386) Total in Trading liabilities $ 28,658 $ 46 $ 3,306 $ 32,010 Amounts not offset 1 Financial instruments collateral (4,092) — (341) (4,433) Net amounts $ 24,566 $ 46 $ 2,965 $ 27,577 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable 4,950 Liabilities at December 31, 2023 $ in millions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 467 $ — $ — $ 467 Foreign exchange 414 43 — 457 Total 881 43 — 924 Not designated as accounting hedges Economic hedges of loans Credit 43 702 — 745 Other derivatives Interest rate 120,604 17,179 590 138,373 Credit 5,920 4,427 — 10,347 Foreign exchange 87,104 2,694 106 89,904 Equity 31,545 — 37,349 68,894 Commodity and other 12,237 — 2,830 15,067 Total 257,453 25,002 40,875 323,330 Total gross derivatives $ 258,334 $ 25,045 $ 40,875 $ 324,254 Amounts offset Counterparty netting (184,553) (23,851) (38,510) (246,914) Cash collateral netting (41,082) (983) — (42,065) Total in Trading liabilities $ 32,699 $ 211 $ 2,365 $ 35,275 Amounts not offset 1 Financial instruments collateral (6,864) (8) (37) (6,909) Net amounts $ 25,835 $ 203 $ 2,328 $ 28,366 Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable $ 5,911 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 netting criteria are not met in accordance with applicable offsetting accounting guidance.
Schedule of Notionals of Derivative Contracts	Notionals of Derivative Contracts Assets at March 31, 2024 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ — $ 88 $ — $ 88 Foreign exchange 14 2 — 16 Total 14 90 — 104 Not designated as accounting hedges Economic hedges of loans Credit — — — — Other derivatives Interest rate 4,324 7,845 570 12,739 Credit 203 161 — 364 Foreign exchange 3,692 193 14 3,899 Equity 583 — 509 1,092 Commodity and other 137 — 70 207 Total 8,939 8,199 1,163 18,301 Total gross derivatives $ 8,953 $ 8,289 $ 1,163 $ 18,405 Liabilities at March 31, 2024 $ in billions Bilateral OTC Cleared OTC Exchange- Traded Total Designated as accounting hedges Interest rate $ 2 $ 195 $ — $ 197 Foreign exchange 1 2 — 3 Total 3 197 — 200 Not designated as accounting hedges Economic hedges of loans Credit 2 21 — 23 Other derivatives Interest rate 4,639 7,457 427 12,523 Credit 217 143 — 360 Foreign exchange 3,742 196 43 3,981 Equity 666 — 788 1,454 Commodity and other 103 — 83 186 Total 9,369 7,817 1,341 18,527 Total gross derivatives $ 9,372 $ 8,014 $ 1,341 $ 18,727 Assets at December 31, 2023 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ — $ 92 $ — $ 92 Foreign exchange 1 1 — 2 Total 1 93 — 94 Not designated as accounting hedges Economic hedges of loans Credit — 1 — 1 Other derivatives Interest rate 4,153 8,357 560 13,070 Credit 214 176 — 390 Foreign exchange 3,378 165 7 3,550 Equity 528 — 440 968 Commodity and other 142 — 65 207 Total 8,415 8,699 1,072 18,186 Total gross derivatives $ 8,416 $ 8,792 $ 1,072 $ 18,280 Liabilities at December 31, 2023 $ in billions Bilateral OTC Cleared OTC Exchange-Traded Total Designated as accounting hedges Interest rate $ 3 $ 183 $ — $ 186 Foreign exchange 14 3 — 17 Total 17 186 — 203 Not designated as accounting hedges Economic hedges of loans Credit 2 22 — 24 Other derivatives Interest rate 4,631 8,197 455 13,283 Credit 229 155 — 384 Foreign exchange 3,496 167 33 3,696 Equity 587 — 712 1,299 Commodity and other 101 — 79 180 Total 9,046 8,541 1,279 18,866 Total gross derivatives $ 9,063 $ 8,727 $ 1,279 $ 19,069
Schedule of Gains (Losses) on Accounting Hedges	Gains (Losses) on Accounting Hedges Three Months Ended March 31, $ in millions 2024 2023 Fair value hedges—Recognized in Interest income Interest rate contracts $ 572 $ (372) Investment Securities—AFS (552) 381 Fair value hedges—Recognized in Interest expense Interest rate contracts $ (2,127) $ 2,284 Deposits 10 (54) Borrowings 2,109 (2,240) Net investment hedges—Foreign exchange contracts Recognized in OCI $ 371 $ (89) Forward points excluded from hedge effectiveness testing—Recognized in Interest income 48 43 Cash flow hedges—Interest rate contracts 1 Recognized in OCI $ (47) $ 7 Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income (11) (1) Net change in cash flow hedges included within AOCI (36) 8 1. For the current quarter ended March 31, 2024, there were no forecasted transactions that failed to occur. The net gains (losses) associated with cash flow hedges expected to be reclassified from AOCI within 12 months as of March 31, 2024, is approximately $(46) million. The maximum length of time over which forecasted cash flows are hedged is 15 months.
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 $ 46,737 $ 47,179 Basis adjustments included in amortized cost 1 $ (1,120) $ (732) Deposits Carrying amount currently or previously hedged $ 12,216 $ 10,569 Basis adjustments included in carrying amount 1 $ (41) $ (31) Borrowings Carrying amount currently or previously hedged $ 163,127 $ 158,659 Basis adjustments included in carrying amount — Outstanding hedges $ (11,305) $ (9,219) Basis adjustments included in carrying amount — Terminated hedges $ (666) $ (671) 1. Hedge accounting basis adjustments are primarily related to outstanding hedges.
Schedule of Gains (Losses) on Economic Loan Hedges	Gains (Losses) on Economic Hedges of Loans Three Months Ended March 31, $ in millions 2024 2023 Recognized in Other revenues Credit contracts 1 $ (123) $ (161) 1.
Schedule of Net Derivative Liabilities and Collateral Posted	Net Derivative Liabilities and Collateral Posted $ in millions At At Net derivative liabilities with credit risk-related contingent features $ 18,862 $ 21,957 Collateral posted 12,746 16,389
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 $ 359 Two-notch downgrade 411 Bilateral downgrade agreements included in the amounts above 1 $ 624 1.
Schedule of Maximum Potential Payout/Notional of Credit Protection Sold	Maximum Potential Payout/Notional of Credit Protection Sold 1 Years to Maturity at March 31, 2024 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 19 $ 29 $ 40 $ 14 $ 102 Non-investment grade 7 14 17 4 42 Total $ 26 $ 43 $ 57 $ 18 $ 144 Index and basket CDS Investment grade $ 8 $ 19 $ 46 $ 7 $ 80 Non-investment grade 9 14 77 34 134 Total $ 17 $ 33 $ 123 $ 41 $ 214 Total CDS sold $ 43 $ 76 $ 180 $ 59 $ 358 Other credit contracts — — — 3 3 Total credit protection sold $ 43 $ 76 $ 180 $ 62 $ 361 CDS protection sold with identical protection purchased $ 306 Years to Maturity at December 31, 2023 $ in billions < 1 1-3 3-5 Over 5 Total Single-name CDS Investment grade $ 19 $ 29 $ 39 $ 10 $ 97 Non-investment grade 7 14 17 1 39 Total $ 26 $ 43 $ 56 $ 11 $ 136 Index and basket CDS Investment grade $ 8 $ 19 $ 85 $ 4 $ 116 Non-investment grade 8 14 95 17 134 Total $ 16 $ 33 $ 180 $ 21 $ 250 Total CDS sold $ 42 $ 76 $ 236 $ 32 $ 386 Other credit contracts — — — 3 3 Total credit protection sold $ 42 $ 76 $ 236 $ 35 $ 389 CDS protection sold with identical protection purchased $ 330
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 $ 2,167 $ 1,904 Non-investment grade 444 399 Total $ 2,611 $ 2,303 Index and basket CDS Investment grade $ 1,829 $ 1,929 Non-investment grade 464 45 Total $ 2,293 $ 1,974 Total CDS sold $ 4,904 $ 4,277 Other credit contracts 276 314 Total credit protection sold $ 5,180 $ 4,591 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 $ 174 $ 166 Index and basket 182 213 Tranched index and basket 32 30 Total $ 388 $ 409 Fair Value Asset (Liability) $ in millions At At Single name $ (3,114) $ (2,799) Index and basket (1,249) (1,208) Tranched index and basket (1,256) (1,012) Total $ (5,619) $ (5,019)

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of AFS and HTM Securities	AFS and HTM Securities At March 31, 2024 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 59,035 $ 49 $ 860 $ 58,224 U.S. agency securities 2 25,232 4 2,726 22,510 Agency CMBS 5,762 — 420 5,342 State and municipal securities 476 18 2 492 FFELP student loan ABS 3 755 1 11 745 Total AFS securities 91,260 72 4,019 87,313 HTM securities U.S. Treasury securities 21,138 — 1,370 19,768 U.S. agency securities 2 41,698 6 8,524 33,180 Agency CMBS 1,297 — 122 1,175 Non-agency CMBS 1,287 1 128 1,160 Total HTM securities 65,420 7 10,144 55,283 Total investment securities $ 156,680 $ 79 $ 14,163 $ 142,596 At December 31, 2023 $ in millions Amortized Cost 1 Gross Unrealized Gains Gross Unrealized Losses Fair Value AFS securities U.S. Treasury securities $ 58,484 $ 24 $ 1,103 $ 57,405 U.S. agency securities 2 25,852 4 2,528 23,328 Agency CMBS 5,871 — 456 5,415 State and municipal securities 1,132 46 5 1,173 FFELP student loan ABS 3 810 — 18 792 Total AFS securities 92,149 74 4,110 88,113 HTM securities U.S. Treasury securities 23,222 — 1,285 21,937 U.S. agency securities 2 40,894 — 7,699 33,195 Agency CMBS 1,337 — 121 1,216 Non-agency CMBS 1,241 2 138 1,105 Total HTM securities 66,694 2 9,243 57,453 Total investment securities $ 158,843 $ 76 $ 13,353 $ 145,566 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.
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 $ 4,377 $ 17 $ 14,295 $ 22 12 months or longer 30,024 843 33,458 1,081 Total 34,401 860 47,753 1,103 U.S. agency securities Less than 12 months 2,332 9 4,297 43 12 months or longer 19,050 2,717 18,459 2,485 Total 21,382 2,726 22,756 2,528 Agency CMBS Less than 12 months — — — — 12 months or longer 5,102 420 5,415 456 Total 5,102 420 5,415 456 State and municipal securities Less than 12 months 180 1 524 3 12 months or longer 34 1 35 2 Total 214 2 559 5 FFELP student loan ABS Less than 12 months 40 1 56 1 12 months or longer 558 10 616 17 Total 598 11 672 18 Total AFS securities in an unrealized loss position Less than 12 months 6,929 28 19,172 69 12 months or longer 54,768 3,991 57,983 4,041 Total $ 61,697 $ 4,019 $ 77,155 $ 4,110
Schedule of Investment Securities by Contractual Maturity	Investment Securities by Contractual Maturity At March 31, 2024 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2,3 AFS securities U.S. Treasury securities: Due within 1 year $ 16,765 $ 16,508 1.4 % After 1 year through 5 years 37,649 37,087 2.9 % After 5 years through 10 years 4,621 4,629 4.0 % Total 59,035 58,224 U.S. agency securities: Due within 1 year 10 9 (0.5) % After 1 year through 5 years 349 327 1.6 % After 5 years through 10 years 509 464 1.8 % After 10 years 24,364 21,710 3.7 % Total 25,232 22,510 Agency CMBS: Due within 1 year 1 1 (2.2) % After 1 year through 5 years 2,969 2,861 2.0 % After 5 years through 10 years 1,615 1,531 1.9 % After 10 years 1,177 949 1.4 % Total 5,762 5,342 State and municipal securities: Due within 1 year 27 27 5.1 % After 1 year through 5 years 178 179 4.8 % After 5 years through 10 years 3 5 4.7 % After 10 Years 268 281 4.5 % Total 476 492 FFELP student loan ABS: Due within 1 year 15 14 6.0 % After 1 year through 5 years 135 131 6.1 % After 5 years through 10 years 31 31 5.9 % After 10 years 574 569 6.3 % Total 755 745 Total AFS securities 91,260 87,313 2.9 % At March 31, 2024 $ in millions Amortized Cost 1 Fair Value Annualized Average Yield 2 HTM securities U.S. Treasury securities: Due within 1 year 5,252 5,179 2.1 % After 1 year through 5 years 13,826 13,063 2.0 % After 5 years through 10 years 503 412 1.1 % After 10 years 1,557 1,114 2.3 % Total 21,138 19,768 U.S. agency securities: After 1 year through 5 years 5 5 1.8 % After 5 years through 10 years 277 258 2.1 % After 10 years 41,416 32,917 1.9 % Total 41,698 33,180 Agency CMBS: Due within 1 year 113 110 1.9 % After 1 year through 5 years 942 867 1.3 % After 5 years through 10 years 116 97 1.4 % After 10 years 126 101 1.6 % Total 1,297 1,175 Non-agency CMBS: Due within 1 year 194 175 4.1 % After 1 year through 5 years 391 369 4.7 % After 5 years through 10 years 621 538 3.7 % After 10 years 81 78 6.4 % Total 1,287 1,160 Total HTM securities 65,420 55,283 2.0 % Total investment securities 156,680 142,596 2.5 % 1. Amounts are net of any ACL. 2. Annualized average yield is computed using the effective yield, weighted based on the amortized cost of each security. The effective yield is shown pre-tax and excludes the effect of related hedging derivatives. 3. At March 31, 2024, the annualized average yield, including the interest rate swap accrual of related hedges, was 2.1% for AFS securities contractually maturing within 1 year and 3.8% for all AFS securities.
Schedule of Gross Realized Gains (Losses) on Sales of AFS Securities	Gross Realized Gains (Losses) on Sales of AFS Securities Three Months Ended $ in millions 2024 2023 Gross realized gains $ 43 $ 44 Gross realized (losses) — (3) Total 1 $ 43 $ 41 1. Realized gains and losses are recognized in Other revenues in the income statement.

Collateralized Transactions (Ta

Collateralized Transactions (Tables)	3 Months Ended
	Mar. 31, 2024
Collateralized Agreements [Abstract]
Schedule of Offsetting of Certain Collateralized Transactions	Offsetting of Certain Collateralized Transactions At March 31, 2024 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 293,414 $ (170,681) $ 122,733 $ (118,405) $ 4,328 Securities borrowed 163,755 (30,903) 132,852 (128,658) 4,194 Liabilities Securities sold under agreements to repurchase $ 253,085 $ (170,681) $ 82,404 $ (74,081) $ 8,323 Securities loaned 46,848 (30,903) 15,945 (15,935) 10 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 4,175 Securities borrowed 447 Securities sold under agreements to repurchase 6,312 Securities loaned 2 At December 31, 2023 $ in millions Gross Amounts Amounts Offset Balance Sheet Net Amounts Amounts Not Offset 1 Net Amounts Assets Securities purchased under agreements to resell $ 300,242 $ (189,502) $ 110,740 $ (108,893) $ 1,847 Securities borrowed 142,453 (21,362) 121,091 (115,969) 5,122 Liabilities Securities sold under agreements to repurchase $ 252,153 $ (189,502) $ 62,651 $ (58,357) $ 4,294 Securities loaned 36,419 (21,362) 15,057 (15,046) 11 Net amounts for which master netting agreements are not in place or may not be legally enforceable Securities purchased under agreements to resell $ 1,741 Securities borrowed 607 Securities sold under agreements to repurchase 3,014 Securities loaned 2 1. Amounts relate to master netting agreements that have been determined by the Firm to be legally enforceable in the event of default but where certain other criteria are not met in accordance with applicable offsetting accounting guidance.
Schedule of Gross Secured Financing Balances	Gross Secured Financing Balances by Remaining Contractual Maturity At March 31, 2024 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 70,487 $ 113,219 $ 31,956 $ 37,423 $ 253,085 Securities loaned 31,934 — 381 14,533 46,848 Total included in the offsetting disclosure $ 102,421 $ 113,219 $ 32,337 $ 51,956 $ 299,933 Trading liabilities— 8,658 — — — 8,658 Total $ 111,079 $ 113,219 $ 32,337 $ 51,956 $ 308,591 At December 31, 2023 $ in millions Overnight and Open Less than 30 Days 30-90 Days Over 90 Days Total Securities sold under agreements to repurchase $ 80,376 $ 114,826 $ 25,510 $ 31,441 $ 252,153 Securities loaned 21,508 1,345 709 12,857 36,419 Total included in the offsetting disclosure $ 101,884 $ 116,171 $ 26,219 $ 44,298 $ 288,572 Trading liabilities— 13,528 — — — 13,528 Total $ 115,412 $ 116,171 $ 26,219 $ 44,298 $ 302,100 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 $ 84,185 $ 98,377 Other sovereign government obligations 131,489 122,342 Corporate equities 23,791 18,144 Other 13,620 13,290 Total $ 253,085 $ 252,153 Securities loaned Other sovereign government obligations $ 1,793 $ 1,379 Corporate equities 44,245 34,434 Other 810 606 Total $ 46,848 $ 36,419 Total included in the offsetting disclosure $ 299,933 $ 288,572 Trading liabilities—Obligation to return securities received as collateral Corporate equities $ 8,564 $ 13,502 Other 94 26 Total $ 8,658 $ 13,528 Total $ 308,591 $ 302,100
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 $ 36,461 $ 37,522
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 $ 798,885 $ 735,830 Collateral that was sold or repledged 1 610,901 553,386 1.
Schedule of Securities Segregated for Regulatory Purposes	Securities Segregated for Regulatory Purposes $ in millions At At Segregated securities 1 $ 24,393 $ 20,670 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 $ 47,464 $ 45,644

Loans, Lending Commitments an_2

Loans, Lending Commitments and Related Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Loans by Type	Loans by Type At March 31, 2024 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 7,171 $ 9,655 $ 16,826 Secured lending facilities 38,692 3,564 42,256 Commercial real estate 8,689 205 8,894 Residential real estate 61,339 2 61,341 Securities-based lending and Other 89,044 — 89,044 Total loans 204,935 13,426 218,361 ACL (1,141) (1,141) Total loans, net $ 203,794 $ 13,426 $ 217,220 Loans to non-U.S. borrowers, net $ 21,591 $ 4,945 $ 26,536 At December 31, 2023 $ in millions HFI Loans HFS Loans Total Loans Corporate $ 6,758 $ 11,862 $ 18,620 Secured lending facilities 39,498 3,161 42,659 Commercial real estate 8,678 209 8,887 Residential real estate 60,375 22 60,397 Securities-based lending and Other 89,245 1 89,246 Total loans 204,554 15,255 219,809 ACL (1,169) (1,169) Total loans, net $ 203,385 $ 15,255 $ 218,640 Loans to non-U.S. borrowers, net $ 21,152 $ 5,043 $ 26,195
Schedule of Loans by Interest Rate Type	Loans by Interest Rate Type At March 31, 2024 At December 31, 2023 $ in millions Fixed Rate Floating or Adjustable Rate Fixed Rate Floating or Adjustable Rate Corporate $ — $ 16,826 $ — $ 18,620 Secured lending facilities — 42,256 — 42,659 Commercial real estate 142 8,752 141 8,746 Residential real estate 29,335 32,006 28,934 31,464 Securities-based lending and Other 24,024 65,020 23,922 65,323 Total loans, before ACL $ 53,501 $ 164,860 $ 52,997 $ 166,812
Schedule of Loans Held for Investment	Loans Held for Investment before Allowance by Credit Quality and Origination Year At March 31, 2024 At December 31, 2023 Corporate $ in millions IG NIG Total IG NIG Total Revolving $ 2,319 $ 4,373 $ 6,692 $ 2,350 $ 3,863 $ 6,213 2024 — — — 2023 — 50 50 — 88 88 2022 — 156 156 — 166 166 2021 15 75 90 15 89 104 2020 28 25 53 29 25 54 Prior — 130 130 — 133 133 Total $ 2,362 $ 4,809 $ 7,171 $ 2,394 $ 4,364 $ 6,758 At March 31, 2024 At December 31, 2023 Secured Lending Facilities $ in millions IG NIG Total IG NIG Total Revolving $ 8,867 $ 22,085 $ 30,952 $ 9,494 $ 22,240 $ 31,734 2024 — 374 374 2023 1,512 1,392 2,904 1,535 1,459 2,994 2022 385 2,247 2,632 392 2,390 2,782 2021 — 359 359 — 365 365 2020 — 76 76 — 80 80 Prior 355 1,040 1,395 356 1,187 1,543 Total $ 11,119 $ 27,573 $ 38,692 $ 11,777 $ 27,721 $ 39,498 At March 31, 2024 At December 31, 2023 Commercial Real Estate $ in millions IG NIG Total IG NIG Total Revolving $ — $ 170 $ 170 $ — $ 170 $ 170 2024 — 753 753 2023 365 947 1,312 261 1,067 1,328 2022 282 1,883 2,165 284 1,900 2,184 2021 295 1,554 1,849 370 1,494 1,864 2020 — 755 755 — 756 756 Prior 57 1,628 1,685 195 2,181 2,376 Total $ 999 $ 7,690 $ 8,689 $ 1,110 $ 7,568 $ 8,678 At March 31, 2024 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 113 $ 32 $ 7 $ 151 $ 1 $ 152 2024 1,590 271 30 1,709 182 1,891 2023 7,248 1,502 225 8,023 952 8,975 2022 10,776 2,409 383 12,490 1,078 13,568 2021 10,948 2,344 236 12,608 920 13,528 2020 6,815 1,409 103 7,901 426 8,327 Prior 11,383 3,091 424 13,813 1,085 14,898 Total $ 48,873 $ 11,058 $ 1,408 $ 56,695 $ 4,644 $ 61,339 At December 31, 2023 Residential Real Estate by FICO Scores by LTV Ratio Total $ in millions ≥ 740 680-739 ≤ 679 ≤ 80% > 80% Revolving $ 108 $ 33 $ 8 $ 149 $ — $ 149 2023 7,390 1,517 230 8,168 969 9,137 2022 10,927 2,424 389 12,650 1,090 13,740 2021 11,075 2,376 239 12,763 927 13,690 2020 6,916 1,430 104 8,017 433 8,450 Prior 11,642 3,131 436 14,106 1,103 15,209 Total $ 48,058 $ 10,911 $ 1,406 $ 55,853 $ 4,522 $ 60,375 At March 31, 2024 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 70,959 $ 5,304 $ 1,486 $ 77,749 2024 231 17 184 432 2023 1,502 621 364 2,487 2022 1,056 526 1,091 2,673 2021 104 251 437 792 2020 39 285 507 831 Prior 222 1,617 2,241 4,080 Total $ 74,113 $ 8,621 $ 6,310 $ 89,044 December 31, 2023 Securities-based Lending 1 Other 2 $ in millions IG NIG Total Revolving $ 71,474 $ 5,230 $ 1,362 $ 78,066 2023 1,612 627 346 2,585 2022 1,128 816 804 2,748 2021 165 330 377 872 2020 — 435 414 849 Prior 215 2,096 1,814 4,125 Total $ 74,594 $ 9,534 $ 5,117 $ 89,245 IG—Investment Grade NIG—Non-investment Grade 1. Securities-based loans are subject to collateral maintenance provisions, and at March 31, 2024 and December 31, 2023, 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 2023 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 March 31, 2024 At December 31, 2023 Corporate $ 46 $ 47 Commercial real estate 291 185 Residential real estate 138 160 Securities-based lending and Other 16 1 Total $ 491 $ 393 1. As of March 31, 2024, the majority of the amounts are 90 days or more past due. As of December 31, 2023, the majority of the amounts are past due for a period of less than 90 days. Nonaccrual Loans Held for Investment before Allowance 1 $ in millions At March 31, 2024 At December 31, 2023 Corporate $ 82 $ 95 Secured lending facilities 83 87 Commercial real estate 432 426 Residential real estate 100 95 Securities-based lending and Other 294 174 Total $ 991 $ 877 Nonaccrual loans without an ACL $ 88 $ 86 1. There were no loans held for investment that were 90 days or more past due and still accruing as of March 31, 2024 and December 31, 2023. For further information on the Firm’s nonaccrual policy, see Note 2 to the financial statements in the 2023 Form 10-K.
Schedule of Modified Loans and Troubled Debt Restructurings	Modified Loans Held for Investment Period-end loans held for investment modified during the following periods 1 : Three Months Ended March 31, 2024 2023 $ in millions Amortized Cost % of Total Loans 2 Amortized Cost % of Total Loans 2 Term Extension Corporate $ 52 0.7 % $ 17 0.2 % Commercial real estate 127 1.5 % 62 0.7 % Residential real estate — — % 1 — % Securities-based lending and Other 41 — % — — % Total $ 220 0.2 % $ 80 0.1 % Other-than-insignificant Payment Delay Commercial real estate $ — — % $ 67 0.8 % Total $ — — % $ 67 0.8 % Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay Commercial real estate $ 40 0.5 % $ — — % Total $ 40 0.5 % $ — — % Total Modifications $ 260 0.2 % $ 147 0.2 % 1. Lending commitments to borrowers for which the Firm has modified terms of the receivable are $301 million and $607 million as of March 31, 2024 and March 31, 2023, respectively. 2. Percentage of total loans represents the percentage of modified loans to total loans held for investment by loan type. Financial Effect of Modifications on Loans Held for Investment Three Months Ended March 31, 2024 1 Term Extension Other-than-insignificant Payment Delay Principal Forgiveness ($ millions) Interest Rate Reduction Single Modifications Corporate 30 0 $ — — % Commercial real estate 5 0 — — % Securities-based lending and Other 36 0 — — % Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay Commercial real estate 16 16 $ — — % Three Months Ended March 31, 2023 1 Term Extension Other-than-insignificant Payment Delay Principal Forgiveness ($ millions) Interest Rate Reduction Single Modifications Corporate 8 0 $ — — % Commercial real estate 2 8 — — % Residential real estate 4 0 — — % 1. 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 March 31, 2024 $ in millions 30-89 Days Past Due 90+ Days Total Commercial real estate $ — $ 45 45 Total $ — $ 45 $ 45
Schedule of Allowance for Credit Losses Rollforward - Loans and Lending Commitments	Allowance for Credit Losses Rollforward and Allocation—Loans and Lending Commitments Three Months Ended March 31, 2024 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total ACL—Loans Beginning balance $ 241 $ 153 $ 463 $ 100 $ 212 $ 1,169 Provision (release) 1 (17) 1 (11) 4 (22) Other (1) (1) (3) — (1) (6) Ending balance $ 241 $ 135 $ 461 $ 89 $ 215 $ 1,141 Percent of loans to total loans 1 4 % 19 % 4 % 30 % 43 % 100 % ACL—Lending commitments Beginning balance $ 431 $ 70 $ 26 $ 4 $ 20 $ 551 Provision (release) (2) 25 (3) — (4) 16 Other (3) (1) — — 2 (2) Ending balance $ 426 $ 94 $ 23 $ 4 $ 18 $ 565 Total ending balance $ 667 $ 229 $ 484 $ 93 $ 233 $ 1,706 Three Months Ended March 31, 2023 $ in millions Corporate Secured Lending Facilities CRE Residential Real Estate SBL and Other Total ACL—Loans Beginning balance $ 235 $ 153 $ 275 $ 87 $ 89 $ 839 Gross charge-offs (1) — (69) — (1) (71) Provision (release) 31 — 129 26 15 201 Other — (1) — — 2 1 Ending balance $ 265 $ 152 $ 335 $ 113 $ 105 $ 970 Percent of loans to total loans 1 4 % 18 % 4 % 28 % 46 % 100 % ACL—Lending commitments Beginning balance $ 411 $ 51 $ 15 $ 4 $ 23 $ 504 Provision (release) 22 — 7 1 3 33 Other 2 — — — — 2 Ending balance $ 435 $ 51 $ 22 $ 5 $ 26 $ 539 Total ending balance $ 700 $ 203 $ 357 $ 118 $ 131 $ 1,509 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.
Schedule of Selected Credit Ratios	Selected Credit Ratios At At ACL for loans to total HFI loans 0.6 % 0.6 % Nonaccrual HFI loans to total HFI loans 0.5 % 0.4 % ACL for loans to nonaccrual HFI loans 115.1 % 133.3 %
Schedule of Employee Loans	Employee Loans $ in millions At At Currently employed by the Firm 1 $ 4,263 $ 4,257 No longer employed by the Firm 2 90 92 Employee loans $ 4,353 $ 4,349 ACL (121) (121) Employee loans, net of ACL $ 4,232 $ 4,228 Remaining repayment term, weighted average in years 5.7 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 (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	Equity Method Investments $ in millions At At Investments $ 1,811 $ 1,915 Three Months Ended $ in millions 2024 2023 Income (loss) $ 56 $ 25
Schedule of Joint Ventures	Japanese Securities Joint Venture Three Months Ended $ in millions 2024 2023 Income (loss) from investment in MUMSS $ 40 $ 29
Summary of Tax Equity Investments under the Proportional Amortization Method	Tax Equity Investments under the Proportional Amortization Method $ in millions At At Low-income housing $ 1,764 $ 1,699 Renewable energy and other 1 39 — Total 2 $ 1,803 $ 1,699 1. Prior to adoption of the Investments - Tax Credit Structures accounting update on January 1, 2024, Renewable energy and other investments were accounted for under the equity method. 2. At March 31, 2024, this amount excludes $46 million of tax equity investments within programs for which the Firm elected the proportional amortization method that do not meet the conditions to apply the proportional amortization method, which are accounted for as equity method investments.
Summary of Net Benefits Attributable to Tax Equity Investments under the Proportional Amortization Met	Net Benefits Attributable to Tax Equity Investments under the Proportional Amortization Method Three Months Ended $ in millions 2024 2023 Income tax credits and other income tax benefits $ 75 $ 71 Proportional amortization (60) (49) Net benefits $ 15 $ 22

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Schedule of Deposits	Deposits $ in millions At At Savings and demand deposits $ 288,453 $ 288,252 Time deposits 64,041 63,552 Total $ 352,494 $ 351,804 Deposits subject to FDIC insurance $ 276,557 $ 276,598 Deposits not subject to FDIC insurance $ 75,937 $ 75,206
Schedule of Time Deposit Maturities	Time Deposit Maturities $ in millions At 2024 $ 27,808 2025 19,452 2026 7,091 2027 4,604 2028 3,982 Thereafter 1,104 Total $ 64,041

Borrowings and Other Secured _2

Borrowings and Other Secured Financings (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Borrowings	Borrowings $ in millions At At Original maturities of one year or less $ 5,233 $ 3,188 Original maturities greater than one year Senior $ 252,547 $ 248,174 Subordinated 13,603 12,370 Total greater than one year $ 266,150 $ 260,544 Total $ 271,383 $ 263,732 Weighted average stated maturity, in years 1 6.6 6.6 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 $ 8,914 $ 5,732 Greater than one year 6,177 6,923 Total $ 15,091 $ 12,655 Transfers of assets accounted for as secured financings $ 7,053 $ 5,848

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments	Commitments Years to Maturity at March 31, 2024 $ in millions Less than 1 1-3 3-5 Over 5 Total Lending: Corporate $ 15,091 $ 35,055 $ 58,740 $ 4,230 $ 113,116 Secured lending facilities 8,167 6,891 4,319 4,465 23,842 Commercial and Residential real estate 214 21 14 481 730 Securities-based lending and Other 16,013 3,165 377 443 19,998 Forward-starting secured financing receivables 1 88,826 — — — 88,826 Central counterparty 300 — — 12,861 13,161 Investment activities 1,709 120 73 524 2,426 Letters of credit and other financial guarantees 68 15 — 7 90 Total $ 130,388 $ 45,267 $ 63,523 $ 23,011 $ 262,189 Lending commitments participated to third parties $ 8,348 1. Forward-starting secured financing receivables are generally settled within three business days.
Schedule of Obligations under Guarantee Arrangements	Guarantees At March 31, 2024 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 $ 1,576,169 $ 748,245 $ 155,224 $ 458,033 $ (33,732) Standby letters of credit and other financial guarantees issued 2,3 1,726 1,152 1,236 2,561 2 Liquidity facilities 2,193 — — — (1) Whole loan sales guarantees 2 85 — 23,074 — Securitization representations and warranties 4 — — — 82,349 (3) General partner guarantees 412 32 133 28 (87) Client clearing guarantees 208 — — — — 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 $0.7 billion of notional and collateral/recourse, due to the nature of the Firm’s obligations under these arrangements. 3. As of March 31, 2024, the carrying amount of standby letters of credit and other financial guarantees issued includes an allowance for credit losses of $72 million. 4. Related to commercial and residential mortgage securitizations.
Schedule of Litigation Expenses	Three Months Ended $ in millions 2024 2023 Legal expenses $ (26) $ 151

Variable Interest Entities an_2

Variable Interest Entities and Securitization Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Variable Interest Entities and Securitization Activities [Abstract]
Schedule of Consolidated VIEs	Consolidated VIE Assets and Liabilities by Type of Activity At March 31, 2024 At December 31, 2023 $ in millions VIE Assets VIE Liabilities VIE Assets VIE Liabilities MABS 1 $ 741 $ 258 $ 597 $ 256 Investment vehicles 2 807 508 753 502 MTOB 525 483 582 520 Other 442 124 378 97 Total $ 2,515 $ 1,373 $ 2,310 $ 1,375 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 $ 181 $ 164 Trading assets at fair value 1,998 1,557 Investment securities 237 492 Securities purchased under agreements to resell 67 67 Customer and other receivables 29 26 Other assets 3 4 Total $ 2,515 $ 2,310 Liabilities Other secured financings $ 1,184 $ 1,222 Other liabilities and accrued expenses 131 121 Borrowings 58 32 Total $ 1,373 $ 1,375 Noncontrolling interests $ 60 $ 54
Schedule of Non-Consolidated VIEs	Non-consolidated VIEs At March 31, 2024 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 151,575 $ 1,877 $ 3,311 $ 2,919 $ 56,401 Maximum exposure to loss 3 Debt and equity interests $ 22,367 $ 104 $ — $ 2,131 $ 9,192 Derivative and other contracts — — 2,193 — 4,076 Commitments, guarantees and other 3,887 — — — 160 Total $ 26,254 $ 104 $ 2,193 $ 2,131 $ 13,428 Carrying value of variable interests—Assets Debt and equity interests $ 22,368 $ 104 $ — $ 1,713 $ 9,192 Derivative and other contracts — — 2 — 1,394 Total $ 22,368 $ 104 $ 2 $ 1,713 $ 10,586 Additional VIE assets owned 4 $ 14,797 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 4 $ — $ 367 Total $ — $ — $ 4 $ — $ 367 At December 31, 2023 $ in millions MABS 1 CDO MTOB OSF Other 2 VIE assets (UPB) $ 144,906 $ 1,526 $ 3,152 $ 3,102 $ 50,052 Maximum exposure to loss 3 Debt and equity interests $ 21,203 $ 52 $ — $ 2,049 $ 9,076 Derivative and other contracts — — 2,092 — 4,452 Commitments, guarantees and other 3,439 — — — 55 Total $ 24,642 $ 52 $ 2,092 $ 2,049 $ 13,583 Carrying value of variable interests – Assets Debt and equity interests $ 21,203 $ 52 $ — $ 1,682 $ 9,075 Derivative and other contracts — — 2 — 1,330 Total $ 21,203 $ 52 $ 2 $ 1,682 $ 10,405 Additional VIE assets owned 4 $ 15,002 Carrying value of variable interests—Liabilities Derivative and other contracts $ — $ — $ 3 $ — $ 452 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.
Schedule of Mortgage- and Asset-Backed Securitization Assets	Detail of Mortgage- and Asset-Backed Securitization Assets At March 31, 2024 At December 31, 2023 $ in millions UPB Debt and Equity Interests UPB Debt and Equity Interests Residential mortgages $ 17,323 $ 3,067 $ 17,346 $ 3,355 Commercial mortgages 79,998 8,805 74,590 8,342 U.S. agency collateralized mortgage obligations 43,012 6,442 42,917 6,675 Other consumer or commercial loans 11,242 4,053 10,053 2,831 Total $ 151,575 $ 22,367 $ 144,906 $ 21,203
Schedule of Transferred Assets with Continuing Involvement	Transferred Assets with Continuing Involvement At March 31, 2024 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 4,887 $ 72,446 $ 14,659 $ 13,094 Retained interests Investment grade $ 161 $ 652 $ 556 $ — Non-investment grade 95 743 — 65 Total $ 256 $ 1,395 $ 556 $ 65 Interests purchased in the secondary market 3 Investment grade $ 18 $ 37 $ 48 $ — Non-investment grade — 13 — — Total $ 18 $ 50 $ 48 $ — Derivative assets $ — $ — $ — $ 1,159 Derivative liabilities — — — 378 At December 31, 2023 $ in millions RML CML U.S. Agency CMO CLN and Other 1 SPE assets (UPB) 2,3 $ 4,333 $ 73,818 $ 12,083 $ 12,438 Retained interests Investment grade $ 149 $ 653 $ 460 $ — Non-investment grade 83 788 — 69 Total $ 232 $ 1,441 $ 460 $ 69 Interests purchased in the secondary market 3 Investment grade $ 20 $ 22 $ 42 $ — Non-investment grade — 16 — — Total $ 20 $ 38 $ 42 $ — Derivative assets $ — $ — $ — $ 1,073 Derivative liabilities — — — 426 Fair Value At March 31, 2024 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 667 $ — $ 667 Non-investment grade 15 67 82 Total $ 682 $ 67 $ 749 Interests purchased in the secondary market 3 Investment grade $ 103 $ — $ 103 Non-investment grade 10 3 13 Total $ 113 $ 3 $ 116 Derivative assets $ 1,159 $ — $ 1,159 Derivative liabilities 378 — 378 Fair Value at December 31, 2023 $ in millions Level 2 Level 3 Total Retained interests Investment grade $ 576 $ — $ 576 Non-investment grade 10 56 66 Total $ 586 $ 56 $ 642 Interests purchased in the secondary market 3 Investment grade $ 77 $ 7 $ 84 Non-investment grade 12 4 16 Total $ 89 $ 11 $ 100 Derivative assets $ 1,073 $ — $ 1,073 Derivative liabilities 426 — 426 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 include transactions where the Firm also holds retained interests as part of the transfer.
Schedule of Proceeds from New Securitization Transactions and Sales of Loans	Proceeds from New Securitization Transactions and Sales of Loans Three Months Ended $ in millions 2024 2023 New transactions 1 $ 6,550 $ 2,521 Retained interests 2,099 1,575 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.
Schedule of Assets Sold with Retained Exposure	Assets Sold with Retained Exposure $ in millions At At Gross cash proceeds from sale of assets 1 $ 68,566 $ 60,766 Fair value Assets sold $ 70,956 $ 62,221 Derivative assets recognized in the balance sheet 2,527 1,546 Derivative liabilities recognized in the balance sheet 140 93 1.

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	3 Months Ended
	Mar. 31, 2024
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	Capital Buffer Requirements At March 31, 2024 and December 31, 2023 Standardized Advanced Capital buffers Capital conservation buffer — 2.5% SCB 5.4% N/A G-SIB capital surcharge 3.0% 3.0% CCyB 1 0% 0% Capital buffer requirement 8.4% 5.5% 1. The CCyB can be set up to 2.5%, but is currently set by the Federal Reserve at zero. Risk-Based Regulatory Capital Ratio Requirements Regulatory Minimum At March 31, 2024 and December 31, 2023 Standardized Advanced Required ratios 1 CET1 capital ratio 4.5 % 12.9% 10.0% Tier 1 capital ratio 6.0 % 14.4% 11.5% Total capital ratio 8.0 % 16.4% 13.5% 1. Required ratios represent the regulatory minimum plus the capital buffer requirement. The Firm’s Regulatory Capital and Capital Ratios Risk-based capital Standardized $ in millions At March 31, 2024 At December 31, 2023 Risk-based capital CET1 capital $ 70,298 $ 69,448 Tier 1 capital 79,046 78,183 Total capital 91,007 88,874 Total RWA 467,763 456,053 Risk-based capital ratio CET1 capital 15.0 % 15.2 % Tier 1 capital 16.9 % 17.1 % Total capital 19.5 % 19.5 % Required ratio 1 CET1 capital 12.9 % 12.9 % Tier 1 capital 14.4 % 14.4 % Total capital 16.4 % 16.4 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. Leveraged-based capital $ in millions At March 31, 2024 At December 31, 2023 Leveraged-based capital Adjusted average assets 1 $ 1,178,369 $ 1,159,626 Supplementary leverage exposure 2 1,464,030 1,429,552 Leveraged-based capital ratio Tier 1 leverage 6.7 % 6.7 % SLR 5.4 % 5.5 % Required ratio 3 Tier 1 leverage 4.0 % 4.0 % SLR 5.0 % 5.0 % 1. 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 our own capital instruments, certain deferred tax assets and other capital deductions. 2. 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. 3.
MSBNA
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	MSBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At March 31, 2024 At December 31, 2023 $ in millions Amount Ratio Amount Ratio Risk-based capital CET1 capital 6.5 % 7.0 % $ 23,127 22.5 % $ 21,925 21.7 % Tier 1 capital 8.0 % 8.5 % 23,127 22.5 % 21,925 21.7 % Total capital 10.0 % 10.5 % 24,033 23.3 % 22,833 22.6 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 23,127 10.9 % $ 21,925 10.6 % SLR 6.0 % 3.0 % 23,127 8.4 % 21,925 8.2 %
MSPBNA
Regulatory Requirements
Schedule of Regulatory Capital and Capital Ratios	MSPBNA’s Regulatory Capital Well-Capitalized Requirement Required Ratio 1 At March 31, 2024 At December 31, 2023 $ in millions Amount Ratio Amount Ratio Risk-based capital CET1 capital 6.5 % 7.0 % $ 15,978 26.4 % $ 15,388 25.8 % Tier 1 capital 8.0 % 8.5 % 15,978 26.4 % 15,388 25.8 % Total capital 10.0 % 10.5 % 16,266 26.9 % 15,675 26.3 % Leverage-based capital Tier 1 leverage 5.0 % 4.0 % $ 15,978 7.7 % $ 15,388 7.5 % SLR 6.0 % 3.0 % 15,978 7.5 % 15,388 7.2 % 1. Required ratios are inclusive of any buffers applicable as of the date presented. Failure to maintain the buffers would result in restrictions on the ability to make capital distributions, including the payment of dividends.
MS&Co.
Regulatory Requirements
Schedule of Broker-Dealer Regulatory Capital Requirements	MS&Co. Regulatory Capital $ in millions At March 31, At December 31, Net capital $ 18,628 $ 18,121 Excess net capital 14,145 13,676

Total Equity (Tables)

Total Equity (Tables)	3 Months Ended
	Mar. 31, 2024
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 $ 392 $ 17 $ 343 $ 15 C 25 13 25 13 E 445 15 445 15 F 434 15 430 14 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 2,226 7 2,650 8 O 266 14 266 14 P 406 16 406 16 Total Preferred stock $ 146 $ 144 Common stock $ 0.85 $ 1,390 $ 0.775 $ 1,305 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.
Schedule of Share Repurchases	Share Repurchases Three Months Ended March 31, $ in millions 2024 2023 Repurchases of common stock under the Firm’s Share Repurchase Authorization $ 1,000 $ 1,500
Schedule of Common Shares Outstanding for Basic and Diluted EPS	Common Shares Outstanding for Basic and Diluted EPS Three Months Ended in millions 2024 2023 Weighted average common shares outstanding, basic 1,601 1,645 Effect of dilutive RSUs and PSUs 15 18 Weighted average common shares outstanding and common stock equivalents, diluted 1,616 1,663 Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) — 4
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 $ 392 $ 17 $ 343 $ 15 C 25 13 25 13 E 445 15 445 15 F 434 15 430 14 I 398 16 398 16 K 366 15 366 15 L 305 6 305 6 M 2 29 12 29 12 N 2,226 7 2,650 8 O 266 14 266 14 P 406 16 406 16 Total Preferred stock $ 146 $ 144 Common stock $ 0.85 $ 1,390 $ 0.775 $ 1,305 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.
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) 1 $ in millions CTA AFS Securities Pension and Other DVA Cash Flow Hedges Total December 31, 2023 $ (1,153) $ (3,094) $ (595) $ (1,595) $ 16 $ (6,421) OCI during the period (112) 68 4 (568) (28) (636) March 31, 2024 $ (1,265) $ (3,026) $ (591) $ (2,163) $ (12) $ (7,057) December 31, 2022 $ (1,204) $ (4,192) $ (508) $ (345) $ (4) $ (6,253) OCI during the period 32 512 (1) (8) 7 542 March 31, 2023 $ (1,172) $ (3,680) $ (509) $ (353) $ 3 $ (5,711) 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 March 31, 2024 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (70) $ (103) $ (173) $ (61) $ (112) Reclassified to earnings — — — — — Net OCI $ (70) $ (103) $ (173) $ (61) $ (112) Change in net unrealized gains (losses) on AFS securities OCI activity $ 132 $ (32) $ 100 $ — $ 100 Reclassified to earnings (43) 11 (32) — (32) Net OCI $ 89 $ (21) $ 68 $ — $ 68 Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings 5 (1) 4 — 4 Net OCI $ 5 $ (1) $ 4 $ — $ 4 Change in net DVA OCI activity $ (751) $ 180 $ (571) $ 5 $ (576) Reclassified to earnings 10 (2) 8 — 8 Net OCI $ (741) $ 178 $ (563) $ 5 $ (568) Change in fair value of cash flow hedge derivatives OCI activity $ (47) $ 11 $ (36) $ — $ (36) Reclassified to earnings 11 (3) 8 — 8 Net OCI $ (36) $ 8 $ (28) $ — $ (28) Three Months Ended March 31, 2023 $ in millions Pre-tax Gain (Loss) Income Tax Benefit (Provision) After-tax Gain (Loss) Non-controlling Interests Net CTA OCI activity $ (10) $ 30 $ 20 $ (12) $ 32 Reclassified to earnings — — — — — Net OCI $ (10) $ 30 $ 20 $ (12) $ 32 Change in net unrealized gains (losses) on AFS securities OCI activity $ 710 $ (167) $ 543 $ — $ 543 Reclassified to earnings (41) 10 (31) — (31) Net OCI $ 669 $ (157) $ 512 $ — $ 512 Pension and other OCI activity $ — $ — $ — $ — $ — Reclassified to earnings (1) — (1) — (1) Net OCI $ (1) $ — $ (1) $ — $ (1) Change in net DVA OCI activity $ (30) $ 10 $ (20) $ (7) $ (13) Reclassified to earnings 6 (1) 5 — 5 Net OCI $ (24) $ 9 $ (15) $ (7) $ (8) Change in fair value of cash flow hedge derivatives OCI activity $ 7 $ (1) $ 6 $ — $ 6 Reclassified to earnings 1 — 1 — 1 Net OCI $ 8 $ (1) $ 7 $ — $ 7

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2024
Interest Income (Expense), Net [Abstract]
Schedule of Details of Interest Income and Interest Expense	Three Months Ended $ in millions 2024 2023 Interest income Cash and cash equivalents 1 $ 903 743 Investment securities 1,197 1,018 Loans 3,305 2,815 Securities purchased under agreements to resell 2 2,530 1,477 Securities borrowed 3 1,376 1,172 Trading assets, net of Trading liabilities 1,382 913 Customer receivables and Other 1, 4 2,237 1,842 Total interest income $ 12,930 $ 9,980 Interest expense Deposits $ 2,476 $ 1,575 Borrowings 3,223 2,506 Securities sold under agreements to repurchase 5 2,402 1,218 Securities loaned 6 224 164 Customer payables and Other 4, 7 2,809 2,171 Total interest expense $ 11,134 $ 7,634 Net interest $ 1,796 $ 2,346 1. In the fourth quarter of 2023, interest bearing Cash and cash equivalents and related interest were presented separately for the first time. The prior period amounts for Customer receivables and Other have been disaggregated to exclude Cash and cash equivalents to align with the current presentation. 2. Includes interest paid on Securities purchased under agreements to resell. 3. Includes fees paid on Securities borrowed. 4. Certain prior period amounts have been adjusted to conform with the current period presentation. This adjustment resulted in a decrease to both interest income and interest expense of $890 million and no change to net interest income for the first quarter of 2023 for the Institutional Securities segment. See Note 2 for additional information. 5. Includes interest received on Securities sold under agreements to repurchase. 6. Includes fees received on Securities loaned. 7.
Schedule of Accrued Interest	Accrued Interest $ in millions At March 31, At December 31, Customer and other receivables $ 5,149 $ 4,206 Customer and other payables 4,942 4,360

Segment, Geographic and Reven_2

Segment, Geographic and Revenue Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Selected Financial Information by Business Segment	Selected Financial Information by Business Segment Three Months Ended March 31, 2024 $ in millions IS WM IM I/E Total Investment banking $ 1,447 $ 166 $ — $ (24) $ 1,589 Trading 4,583 262 (7) 14 4,852 Investments 49 19 69 — 137 Commissions and fees 1 691 605 — (69) 1,227 Asset management 1,2 157 3,829 1,346 (63) 5,269 Other 124 143 3 (4) 266 Total non-interest revenues 7,051 5,024 1,411 (146) 13,340 Interest income 9,308 3,973 26 (377) 12,930 Interest expense 9,343 2,117 60 (386) 11,134 Net interest (35) 1,856 (34) 9 1,796 Net revenues $ 7,016 $ 6,880 $ 1,377 $ (137) $ 15,136 Provision for credit losses $ 2 $ (8) $ — $ — $ (6) Compensation and benefits 2,343 3,788 565 — 6,696 Non-compensation expenses 2,320 1,294 571 (134) 4,051 Total non-interest expenses $ 4,663 $ 5,082 $ 1,136 $ (134) $ 10,747 Income before provision for income taxes $ 2,351 $ 1,806 $ 241 $ (3) $ 4,395 Provision for income taxes 482 403 49 (1) 933 Net income 1,869 1,403 192 (2) 3,462 Net income applicable to noncontrolling interests 50 — — — 50 Net income applicable to Morgan Stanley $ 1,819 $ 1,403 $ 192 $ (2) $ 3,412 Three Months Ended March 31, 2023 $ in millions IS WM IM I/E Total Investment banking $ 1,247 $ 104 $ — $ (21) $ 1,330 Trading 4,257 227 (16) 9 4,477 Investments 28 16 101 — 145 Commissions and fees 1 714 590 — (65) 1,239 Asset management 1,2 148 3,382 1,248 (50) 4,728 Other 180 82 (6) (4) 252 Total non-interest revenues 6,574 4,401 1,327 (131) 12,171 Interest income 3 6,868 3,627 29 (544) 9,980 Interest expense 3 6,645 1,469 67 (547) 7,634 Net interest 223 2,158 (38) 3 2,346 Net revenues $ 6,797 $ 6,559 $ 1,289 $ (128) $ 14,517 Provision for credit losses $ 189 $ 45 $ — $ — $ 234 Compensation and benefits 2,365 3,477 568 — 6,410 Non-compensation expenses 2,351 1,325 555 (118) 4,113 Total non-interest expenses $ 4,716 $ 4,802 $ 1,123 $ (118) $ 10,523 Income before provision for income taxes $ 1,892 $ 1,712 $ 166 $ (10) $ 3,760 Provision for income taxes 363 336 30 (2) 727 Net income 1,529 1,376 136 (8) 3,033 Net income applicable to noncontrolling interests 51 — 2 — 53 Net income applicable to Morgan Stanley $ 1,478 $ 1,376 $ 134 $ (8) $ 2,980 1. Substantially all revenues are from contracts with customers. 2. Includes certain fees that may relate to services performed in prior periods. 3.
Schedule of Investment Banking Revenues	Detail of Investment Banking Revenues Three Months Ended $ in millions 2024 2023 Institutional Securities Advisory $ 461 $ 638 Institutional Securities Underwriting 986 609 Firm Investment banking revenues from contracts with customers 90 % 89 %
Schedule of Trading Revenues by Product Type	Trading Revenues by Product Type Three Months Ended $ in millions 2024 2023 Interest rate $ 1,826 $ 1,368 Foreign exchange 272 262 Equity 1 2,304 2,212 Commodity and other 595 539 Credit (145) 96 Total $ 4,852 $ 4,477 1.
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 $ 770 $ 787 Investment Management Asset Management Revenues—Reduction of Fees Due to Fee Waivers Three Months Ended $ in millions 2024 2023 Fee waivers $ 24 $ 18
Schedule of Other Expenses - Transaction Taxes	Other Expenses—Transaction Taxes Three Months Ended $ in millions 2024 2023 Transaction taxes $ 206 $ 214
Schedule of Net Revenues by Region	Net Revenues by Region Three Months Ended $ in millions 2024 2023 Americas $ 11,567 $ 10,791 EMEA 1,826 1,737 Asia 1,743 1,989 Total $ 15,136 $ 14,517
Schedule of Revenue Recognized from Prior Services	Revenues Recognized from Prior Services Three Months Ended $ in millions 2024 2023 Non-interest revenues $ 476 $ 704
Schedule of Receivables from Contracts with Customers	Receivables from Contracts with Customers $ in millions At At Customer and other receivables $ 2,570 $ 2,339
Schedule of Assets by Business Segment	Assets by Business Segment $ in millions At At Institutional Securities $ 832,693 $ 810,506 Wealth Management 377,924 365,168 Investment Management 17,886 18,019 Total 1 $ 1,228,503 $ 1,193,693

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Millions	Mar. 31, 2024	Jan. 01, 2024	Dec. 31, 2023
Accounting Policies [Line Items]
Decrease in retained earnings	$ (99,811)		$ (97,996)
Cumulative Effect, Period of Adoption, Adjustment
Accounting Policies [Line Items]
Decrease in retained earnings		$ 60

Cash and Cash Equivalents - Sum

Cash and Cash Equivalents - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash and due from banks	$ 8,356	$ 7,323
Interest bearing deposits with banks	93,949	81,909
Total Cash and cash equivalents	102,305	89,232
Restricted cash	$ 32,492	$ 30,571

Fair Values - Assets and Liabil

Fair Values - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets at fair value
Derivative and other contracts	$ 37,432	$ 37,313
Investment securities	142,596	145,566
Total trading assets	367,633	367,074
Investment securities—AFS	87,313	88,113
Securities purchased under agreements to resell	0	7
Liabilities at fair value
Deposits	6,429	6,472
Derivative and other contracts	32,010	35,275
Securities sold under agreements to repurchase	827	1,020
Other secured financings	11,077	9,899
Borrowings	95,104	93,900
State and municipal securities
Assets at fair value
Investment securities—AFS	492	1,173
Recurring
Assets at fair value
Netting	(39,842)	(42,915)
Liabilities at fair value
Netting	(42,871)	(42,757)
Borrowings	95,104	93,900
Recurring | Interest rate
Liabilities at fair value
Borrowings	30,553	31,055
Recurring | Credit
Liabilities at fair value
Borrowings	2,384	2,400
Recurring | Foreign exchange
Liabilities at fair value
Borrowings	1,601	1,574
Recurring | Equity
Liabilities at fair value
Borrowings	47,086	46,073
Recurring | Commodity and other
Liabilities at fair value
Borrowings	13,480	12,798
Recurring | Loans and lending commitments
Assets at fair value
Trading assets	9,925	8,188
Recurring | Total
Assets at fair value
Derivative and other contracts	37,432	37,313
Netting	(275,463)	(289,137)
Investment securities	2,898	2,566
Physical commodities	1,322	736
Total trading assets	362,294	361,550
Investment securities—AFS	87,313	88,113
Securities purchased under agreements to resell		7
Total assets at fair value	449,607	449,670
Liabilities at fair value
Deposits	6,429	6,472
Trading liabilities	152,843	151,512
Derivative and other contracts	32,010	35,275
Netting	(278,492)	(288,979)
Securities sold under agreements to repurchase	827	1,020
Other secured financings	11,077	9,899
Borrowings	95,104	93,900
Total liabilities at fair value	266,280	262,803
Recurring | Total | Interest rate
Assets at fair value
Derivative and other contracts	136,867	148,207
Liabilities at fair value
Derivative and other contracts	127,445	138,840
Recurring | Total | Credit
Assets at fair value
Derivative and other contracts	10,451	10,637
Liabilities at fair value
Derivative and other contracts	10,897	11,092
Recurring | Total | Foreign exchange
Assets at fair value
Derivative and other contracts	72,352	93,250
Liabilities at fair value
Derivative and other contracts	66,922	90,361
Recurring | Total | Equity
Assets at fair value
Derivative and other contracts	76,460	58,075
Liabilities at fair value
Derivative and other contracts	90,829	68,894
Recurring | Total | Commodity and other
Assets at fair value
Derivative and other contracts	16,765	16,281
Liabilities at fair value
Derivative and other contracts	14,409	15,067
Recurring | Total | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	24,504	27,724
Recurring | Total | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	34,051	30,790
Recurring | Total | Corporate and other debt
Liabilities at fair value
Trading liabilities	12,693	10,569
Recurring | Total | Corporate equities
Liabilities at fair value
Trading liabilities	49,585	47,154
Recurring | Total | U.S. Treasury and agency securities
Assets at fair value
Trading assets	108,910	110,200
Recurring | Total | Other sovereign government obligations
Assets at fair value
Trading assets	38,905	32,620
Recurring | Total | State and municipal securities
Assets at fair value
Trading assets	2,029	2,182
Recurring | Total | MABS
Assets at fair value
Trading assets	2,146	2,029
Recurring | Total | Loans and lending commitments
Assets at fair value
Trading assets	9,925	8,188
Recurring | Total | Corporate and other debt
Assets at fair value
Trading assets	39,346	37,816
Recurring | Total | Corporate equities
Assets at fair value
Equity securities	119,381	127,900
Recurring | Level 1
Assets at fair value
Derivative and other contracts	1,395	3,430
Netting	(4,301)	(7,643)
Investment securities	1,049	781
Physical commodities	0	0
Total trading assets	212,785	210,022
Investment securities—AFS	58,224	57,405
Securities purchased under agreements to resell		0
Total assets at fair value	271,009	267,427
Liabilities at fair value
Deposits	0	0
Trading liabilities	105,712	105,852
Derivative and other contracts	1,522	4,506
Netting	(4,301)	(7,643)
Securities sold under agreements to repurchase	0	0
Other secured financings	0	0
Borrowings	0	0
Total liabilities at fair value	105,712	105,852
Recurring | Level 1 | Interest rate
Assets at fair value
Derivative and other contracts	2,067	7,284
Liabilities at fair value
Derivative and other contracts	1,823	8,000
Recurring | Level 1 | Credit
Assets at fair value
Derivative and other contracts	1	0
Liabilities at fair value
Derivative and other contracts	0	0
Recurring | Level 1 | Foreign exchange
Assets at fair value
Derivative and other contracts	34	12
Liabilities at fair value
Derivative and other contracts	151	96
Recurring | Level 1 | Equity
Assets at fair value
Derivative and other contracts	1,831	2,169
Liabilities at fair value
Derivative and other contracts	1,975	2,411
Recurring | Level 1 | Commodity and other
Assets at fair value
Derivative and other contracts	1,763	1,608
Liabilities at fair value
Derivative and other contracts	1,874	1,642
Recurring | Level 1 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	24,479	27,708
Recurring | Level 1 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	30,427	26,829
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	49,284	46,809
Recurring | Level 1 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	64,272	56,459
Recurring | Level 1 | Other sovereign government obligations
Assets at fair value
Trading assets	27,671	22,580
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	118,398	126,772
Recurring | Level 2
Assets at fair value
Derivative and other contracts	71,899	73,285
Netting	(230,318)	(237,497)
Investment securities	879	836
Physical commodities	1,322	736
Total trading assets	179,573	185,116
Investment securities—AFS	29,089	30,708
Securities purchased under agreements to resell		7
Total assets at fair value	208,662	215,831
Liabilities at fair value
Deposits	6,378	6,439
Trading liabilities	86,365	84,690
Derivative and other contracts	69,795	69,859
Netting	(230,318)	(237,497)
Securities sold under agreements to repurchase	367	571
Other secured financings	11,003	9,807
Borrowings	93,077	92,022
Total liabilities at fair value	197,190	193,529
Recurring | Level 2 | Interest rate
Assets at fair value
Derivative and other contracts	133,957	140,139
Liabilities at fair value
Derivative and other contracts	124,827	129,983
Recurring | Level 2 | Credit
Assets at fair value
Derivative and other contracts	10,049	10,244
Liabilities at fair value
Derivative and other contracts	10,623	10,795
Recurring | Level 2 | Foreign exchange
Assets at fair value
Derivative and other contracts	72,069	93,218
Liabilities at fair value
Derivative and other contracts	66,542	89,880
Recurring | Level 2 | Equity
Assets at fair value
Derivative and other contracts	74,034	55,319
Liabilities at fair value
Derivative and other contracts	87,270	64,794
Recurring | Level 2 | Commodity and other
Assets at fair value
Derivative and other contracts	12,108	11,862
Liabilities at fair value
Derivative and other contracts	10,851	11,904
Recurring | Level 2 | U.S. Treasury and agency securities
Liabilities at fair value
Trading liabilities	25	16
Recurring | Level 2 | Other sovereign government obligations
Liabilities at fair value
Trading liabilities	3,624	3,955
Recurring | Level 2 | Corporate and other debt
Liabilities at fair value
Trading liabilities	12,654	10,560
Recurring | Level 2 | Corporate equities
Liabilities at fair value
Trading liabilities	267	300
Recurring | Level 2 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	44,638	53,741
Recurring | Level 2 | Other sovereign government obligations
Assets at fair value
Trading assets	11,170	9,946
Recurring | Level 2 | State and municipal securities
Assets at fair value
Trading assets	1,927	2,148
Recurring | Level 2 | MABS
Assets at fair value
Trading assets	1,689	1,540
Recurring | Level 2 | Loans and lending commitments
Assets at fair value
Trading assets	8,030	6,122
Recurring | Level 2 | Corporate and other debt
Assets at fair value
Trading assets	37,304	35,833
Recurring | Level 2 | Corporate equities
Assets at fair value
Equity securities	715	929
Recurring | Level 3
Assets at fair value
Equity securities	268	199
Derivative and other contracts	3,980	3,513
Netting	(1,002)	(1,082)
Investment securities	970	949
Physical commodities	0	0
Total trading assets	9,778	9,327
Investment securities—AFS	0	0
Securities purchased under agreements to resell		0
Total assets at fair value	9,778	9,327
Liabilities at fair value
Deposits	51	33
Trading liabilities	3,637	3,727
Derivative and other contracts	3,564	3,667
Netting	(1,002)	(1,082)
Securities sold under agreements to repurchase	460	449
Other secured financings	74	92
Borrowings	2,027	1,878
Total liabilities at fair value	6,249	6,179
Recurring | Level 3 | Interest rate
Assets at fair value
Derivative and other contracts	843	784
Liabilities at fair value
Derivative and other contracts	795	857
Recurring | Level 3 | Credit
Assets at fair value
Derivative and other contracts	401	393
Liabilities at fair value
Derivative and other contracts	274	297
Recurring | Level 3 | Foreign exchange
Assets at fair value
Derivative and other contracts	249	20
Liabilities at fair value
Derivative and other contracts	229	385
Recurring | Level 3 | Equity
Assets at fair value
Derivative and other contracts	595	587
Liabilities at fair value
Derivative and other contracts	1,584	1,689
Recurring | Level 3 | Commodity and other
Assets at fair value
Derivative and other contracts	2,894	2,811
Liabilities at fair value
Derivative and other contracts	1,684	1,521
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	0	6
Recurring | Level 3 | Corporate and other debt
Liabilities at fair value
Trading liabilities	39	9
Recurring | Level 3 | Corporate equities
Liabilities at fair value
Trading liabilities	34	45
Recurring | Level 3 | U.S. Treasury and agency securities
Assets at fair value
Trading assets	0	0
Recurring | Level 3 | Other sovereign government obligations
Assets at fair value
Trading assets	64	94
Recurring | Level 3 | State and municipal securities
Assets at fair value
Trading assets	102	34
Recurring | Level 3 | MABS
Assets at fair value
Trading assets	457	489
Recurring | Level 3 | Loans and lending commitments
Assets at fair value
Trading assets	1,895	2,066
Recurring | Level 3 | Corporate and other debt
Assets at fair value
Trading assets	2,042	1,983
Recurring | Level 3 | Corporate equities
Assets at fair value
Equity securities	$ 268	$ 199

Fair Values - Detail of Loans a

Fair Values - Detail of Loans and Lending Commitments at Fair Value (Details) - Loans and lending commitments - Recurring - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value Measurements
Trading assets	$ 9,925	$ 8,188
Commercial real estate
Fair Value Measurements
Trading assets	1,141	422
Residential real estate
Fair Value Measurements
Trading assets	3,338	2,909
Securities-based lending and Other
Fair Value Measurements
Trading assets	$ 5,446	$ 4,857

Fair Values - Detail of Unsettl

Fair Values - Detail of Unsettled Fair Value of Futures Contracts (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Futures Contracts | Customer and other receivables (payables), net | Recurring
Fair Value Measurements
Derivative assets, unsettled fair value	$ 1,524	$ 1,062

Fair Values - Activity of Level

Fair Values - Activity of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring - Level 3 - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Liabilities at Fair Value
Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA	$ 22	$ 9
Deposits
Liabilities at Fair Value
Beginning balance	33	20
Realized and unrealized losses (gains)	1	0
Issuances	2	6
Settlements	(1)	0
Net transfers	16	3
Ending balance	51	29
Unrealized losses (gains)	1	0
Nonderivative trading liabilities
Liabilities at Fair Value
Beginning balance	60	74
Realized and unrealized losses (gains)	4	(7)
Purchases	(38)	(44)
Net transfers	20	24
Sales	27	113
Ending balance	73	160
Unrealized losses (gains)	4	(5)
Securities sold under agreements to repurchase
Liabilities at Fair Value
Beginning balance	449	512
Realized and unrealized losses (gains)	11	11
Settlements	0	(9)
Ending balance	460	514
Unrealized losses (gains)	11	11
Other secured financings
Liabilities at Fair Value
Beginning balance	92	91
Realized and unrealized losses (gains)	(4)	2
Issuances	7	41
Settlements	(21)	(19)
Ending balance	74	115
Unrealized losses (gains)	(4)	2
Borrowings
Liabilities at Fair Value
Beginning balance	1,878	1,587
Realized and unrealized losses (gains)	51	48
Issuances	217	239
Settlements	(109)	(82)
Net transfers	(10)	(143)
Ending balance	2,027	1,649
Unrealized losses (gains)	50	45
Net derivatives: Interest rate
Assets at Fair value
Beginning balance	(73)	(151)
Realized and unrealized gains (losses)	113	(149)
Purchases	31	10
Settlements	(112)	189
Net transfers	105	(108)
Issuances	(16)	(8)
Ending balance	48	(217)
Unrealized gains (losses)	119	29
Net derivatives: Credit
Assets at Fair value
Beginning balance	96	110
Realized and unrealized gains (losses)	(11)	(27)
Settlements	48	(31)
Net transfers	(6)	(4)
Ending balance	127	48
Unrealized gains (losses)	(9)	(28)
Net derivatives: Foreign exchange
Assets at Fair value
Beginning balance	(365)	66
Realized and unrealized gains (losses)	301	(11)
Purchases	9	0
Settlements	(28)	40
Net transfers	103	(26)
Issuances	0	(3)
Ending balance	20	66
Unrealized gains (losses)	348	(10)
Net derivatives: Equity
Assets at Fair value
Beginning balance	(1,102)	(736)
Realized and unrealized gains (losses)	171	16
Purchases	47	39
Settlements	77	(30)
Net transfers	(133)	95
Issuances	(49)	(161)
Ending balance	(989)	(777)
Unrealized gains (losses)	192	(30)
Net derivatives: Commodity and other
Assets at Fair value
Beginning balance	1,290	1,083
Realized and unrealized gains (losses)	44	446
Purchases	87	16
Settlements	(153)	(103)
Net transfers	(14)	160
Issuances	(44)	(3)
Ending balance	1,210	1,599
Unrealized gains (losses)	(132)	211
U.S. Treasury and agency securities
Assets at Fair value
Beginning balance	0	17
Purchases	0	(9)
Sales	0	(7)
Ending balance	0	1
Unrealized gains (losses)	0	0
Other sovereign government obligations
Assets at Fair value
Beginning balance	94	169
Realized and unrealized gains (losses)	(2)	4
Purchases	3	78
Sales	(8)	(54)
Net transfers	(23)	(1)
Ending balance	64	196
Unrealized gains (losses)	1	4
State and municipal securities
Assets at Fair value
Beginning balance	34	145
Purchases	2	0
Sales	(32)	(40)
Net transfers	98	(102)
Ending balance	102	3
Unrealized gains (losses)	0	0
MABS
Assets at Fair value
Beginning balance	489	416
Realized and unrealized gains (losses)	6	2
Purchases	48	57
Sales	(84)	(45)
Net transfers	(2)	24
Ending balance	457	454
Unrealized gains (losses)	(8)	1
Loans and lending commitments
Assets at Fair value
Beginning balance	2,066	2,017
Realized and unrealized gains (losses)	(10)	(26)
Sales	(410)	(193)
Settlements	(122)	(235)
Net transfers	(112)	(41)
Purchases and originations	483	535
Ending balance	1,895	2,057
Unrealized gains (losses)	(10)	(25)
Corporate and other debt
Assets at Fair value
Beginning balance	1,983	2,096
Realized and unrealized gains (losses)	50	34
Sales	(122)	(446)
Settlements	(2)	0
Net transfers	(63)	51
Purchases and originations	196	508
Ending balance	2,042	2,243
Unrealized gains (losses)	108	64
Corporate equities
Assets at Fair value
Beginning balance	199	116
Realized and unrealized gains (losses)	(64)	(8)
Purchases	10	19
Sales	(12)	(25)
Net transfers	135	42
Ending balance	268	144
Unrealized gains (losses)	(2)	(2)
Investments
Assets at Fair value
Beginning balance	949	923
Realized and unrealized gains (losses)	20	14
Purchases	3	47
Sales	(2)	(24)
Net transfers	0	(5)
Ending balance	970	955
Unrealized gains (losses)	(5)	10
Investment securities—AFS
Assets at Fair value
Beginning balance	0	35
Realized and unrealized gains (losses)	0	1
Net transfers	0	(36)
Ending balance	0	0
Unrealized gains (losses)	$ 0	$ 1

Fair Values - Valuation Techniq

Fair Values - Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements (Details) $ in Millions	Mar. 31, 2024 USD ($) $ / MWh	Dec. 31, 2023 USD ($) $ / MWh
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 37,432	$ 37,313
Deposits	6,429	6,472
Securities sold under agreements to repurchase	827	1,020
Other secured financings	15,091	12,655
Borrowings	95,104	93,900
Recurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings	95,104	93,900
Recurring | Loans and lending commitments
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	9,925	8,188
Nonrecurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	7,579	8,747
Level 3 | Recurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Corporate equities	268	199
Investments	970	949
Derivative assets	3,980	3,513
Deposits	51	33
Securities sold under agreements to repurchase	460	449
Other secured financings	74	92
Borrowings	$ 2,027	$ 1,878
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	$ 64	$ 94
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	102	34
Level 3 | Recurring | MABS
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets	457	489
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	1,895	2,066
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	2,042	1,983
Level 3 | Recurring | Interest rate
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	48	(73)
Level 3 | Recurring | Credit
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 127	$ 96
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	0.0007	0.0007
Level 3 | Recurring | Foreign exchange
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 20	$ (365)
Level 3 | Recurring | Equity
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	(989)	(1,102)
Level 3 | Recurring | Commodity and other
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets	$ 1,210	$ 1,290
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	0.0022	0.0022
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	0.09	0.16
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	9
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	0.0006	0.0028
Level 3 | Recurring | Minimum | Option Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.0328
Level 3 | Recurring | Minimum | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Deposits, measurement input value	0.07
Borrowings, measurement input value	0.04	0.06
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	0.60	0.50
Level 3 | Recurring | Minimum | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	(0.01)	(0.02)
Level 3 | Recurring | Minimum | Option Model | Equity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.25	0.41
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	(0.60)	(0.65)
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	0.62	0.61
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	0.99
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	0.84	0.85
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	0.28	0.28
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	0.69	0.70
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	0.70	0.49
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	1	0.79
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	0.29	0.27
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	(0.01)	(0.04)
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		(0.03)
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	0.70	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	0.06
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	(0.01)	(0.01)
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	0.25	0.25
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	(0.74)	(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	0
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	0.10	0.08
Level 3 | Recurring | Minimum | Commodity and other | Option Model | Cross-Commodity Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.54	0.54
Level 3 | Recurring | Maximum | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Other secured financings, measurement input value	0.0101	0.0101
Level 3 | Recurring | Maximum | Comparable Pricing | Equity Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	1	1
Level 3 | Recurring | Maximum | Discounted Cash Flow | WACC
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Investments, measurement input value	0.17	0.18
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	10	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	0.0134	0.0135
Level 3 | Recurring | Maximum | Option Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.0480
Level 3 | Recurring | Maximum | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Deposits, measurement input value	0.13
Borrowings, measurement input value	0.70	0.69
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	0.99	0.89
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	0.98	0.97
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	0.40	0.40
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	1.16	1.10
Level 3 | Recurring | Maximum | State and municipal securities | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	1
Level 3 | Recurring | Maximum | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.88	0.88
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	1.01	1.02
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	1.30	1.35
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	0.87	1
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	0.87	0.99
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	1.10	0.85
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	0.70
Level 3 | Recurring | Maximum | Credit | Credit Default Swap Model | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.0092	0.0092
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	0.0365	0.0404
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	0.14	0.26
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		0.12
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
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	0.92	0.97
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	0.99	0.97
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	0.50	0.40
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	186	220
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	1.15	1.23
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	0.0073	0.0076
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	0.85	0.86
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	0.12	0.17
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	10	15
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		0.0079
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		22
Level 3 | Recurring | Weighted Average | Option Model | Credit Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Borrowings, measurement input value	0.0404
Level 3 | Recurring | Weighted Average | Option Model | Equity Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Deposits, measurement input value	0.07
Borrowings, measurement input value	0.14	0.13
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	0.61	0.79
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	(0.33)	(0.30)
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	0.87	0.87
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
Level 3 | Recurring | Weighted Average | MABS | Comparable Pricing | Bond Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.60	0.61
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	0.97	0.98
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	0.85	0.82
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	0.0047	0.0046
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	0.0096	0.0094
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	0.0071	0.0067
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	0.19	0.23
Level 3 | Recurring | Weighted Average | Equity | Option Model | Equity Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	(0.01)	0
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	0.59	0.49
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	(0.19)	(0.28)
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	0.14
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	48	49
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	0.31	0.31
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 | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Funding spread	0.0042
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	0.88	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	0.81
Level 3 | Recurring | Average | Interest rate | Option Model | IR Curve Correlation
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.83	0.77
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	1.06	0.82
Level 3 | Recurring | Average | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.43	0.43
Level 3 | Recurring | Average | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.05	0.07
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
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	0.90
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		0.15
Level 3 | Recurring | Median | Discounted Cash Flow | Funding Spread
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Funding spread	0.0030
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	0.92	0.70
Level 3 | Recurring | Median | Corporate and other debt | Discounted Cash Flow | Loss Given Default
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Debt securities, trading assets, measurement input value	0.54	0.54
Borrowings, measurement input value	0.54	0.54
Level 3 | Recurring | Median | Interest rate | Option Model | IR Volatility Skew
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.70	0.93
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	0.85	0.79
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	1.10	0.85
Level 3 | Recurring | Median | Interest rate | Option Model | Inflation Volatility
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.39	0.39
Level 3 | Recurring | Median | Foreign exchange | Option Model | IR Curve
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Derivative assets, measurement input value	0.04	0.05
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
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
Level 3 | Nonrecurring
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans	$ 5,119	$ 4,532
Level 3 | Nonrecurring | Minimum | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0042	0.0025
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	0.0110	0.0099
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	0.0110	0.0115
Level 3 | Nonrecurring | Maximum | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0100	0.0093
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	0.1890	0.1467
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	0.0275	0.0268
Level 3 | Nonrecurring | Weighted Average | Comparable Pricing | Loan Price
Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements
Loans, measurement input value	0.0086	0.0070
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	0.1053	0.1015
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	0.0162	0.0185

Fair Values - Fund Interests Me

Fair Values - Fund Interests Measured Based on Net Asset Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Measured Based on Net Asset Value
Carrying Value	$ 5,340	$ 5,524
Commitment	931	963
Private equity
Measured Based on Net Asset Value
Carrying Value	2,460	2,685
Commitment	693	720
Real estate
Measured Based on Net Asset Value
Carrying Value	2,803	2,765
Commitment	235	240
Hedge
Measured Based on Net Asset Value
Carrying Value	77	74
Commitment	$ 3	$ 3

Fair Values - Nonredeemable Fun

Fair Values - Nonredeemable Funds by Contractual Maturity (Details) $ in Millions	Mar. 31, 2024 USD ($)
Private equity
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	$ 1,122
5-10 years	1,242
Over 10 years	96
Total	2,460
Real estate
Carrying Value of Nonredeemable Funds by Contractual Maturity
Less than 5 years	947
5-10 years	1,816
Over 10 years	40
Total	$ 2,803

Fair Values - Assets and Liab_2

Fair Values - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Assets at fair value
Loans	$ 7,579		$ 8,747
Other assets—Other investments			4
Other assets—ROU assets			23
Total	7,579		8,774
Liabilities
Other liabilities and accrued expenses—Lending commitments	128		170
Total	128		170
Assets
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(22)	$ 16
Loans
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	(22)	19
Other assets - Premises, equipement and software
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	0	(3)
Liabilities
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	1	34
Other liabilities and accrued expenses—Lending commitments
Fair Value Adjustment Disclosure
Gains (losses) from fair value remeasurements	1	$ 34
Level 2
Assets at fair value
Loans	2,460		4,215
Other assets—Other investments			0
Other assets—ROU assets			23
Total	2,460		4,238
Liabilities
Other liabilities and accrued expenses—Lending commitments	70		110
Total	70		110
Level 3
Assets at fair value
Loans	5,119		4,532
Other assets—Other investments			4
Other assets—ROU assets			0
Total	5,119		4,536
Liabilities
Other liabilities and accrued expenses—Lending commitments	58		60
Total	$ 58		$ 60

Fair Values - Financial Instrum

Fair Values - Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Financial assets
Securities borrowed	$ 132,852	$ 121,091
Customer and other receivables	81,639	80,105
Held for investment	203,794	203,385
Held for sale	13,426	15,255
Financial liabilities
Deposits	352,494	351,804
Securities sold under agreements to repurchase	82,404	62,651
Securities loaned	15,945	15,057
Other secured financings	15,091	12,655
Customer and other payables	214,370	208,148
Borrowings	271,383	263,732
Carrying Value
Financial assets
Cash and cash equivalents	102,305	89,232
Investment securities—HTM	65,420	66,694
Securities purchased under agreements to resell	122,733	110,733
Securities borrowed	132,852	121,091
Customer and other receivables	75,427	74,337
Held for investment	203,794	203,385
Held for sale	13,426	15,255
Other assets	704	704
Financial liabilities
Deposits	346,065	345,332
Securities sold under agreements to repurchase	81,577	61,631
Securities loaned	15,945	15,057
Other secured financings	4,014	2,756
Customer and other payables	214,263	208,015
Borrowings	176,279	169,832
Additional Disclosures
Lending commitments	157,086	149,464
Fair Value
Financial assets
Cash and cash equivalents	102,305	89,232
Investment securities—HTM	55,283	57,453
Securities purchased under agreements to resell	122,743	110,773
Securities borrowed	132,852	121,091
Customer and other receivables	75,208	74,141
Held for investment	197,445	196,416
Held for sale	13,513	15,324
Other assets	704	704
Financial liabilities
Deposits	346,166	345,391
Securities sold under agreements to repurchase	81,560	61,621
Securities loaned	15,945	15,055
Other secured financings	4,013	2,756
Customer and other payables	214,263	208,015
Borrowings	179,015	171,013
Additional Disclosures
Lending commitments	1,941	2,087
Fair Value | Level 1
Financial assets
Cash and cash equivalents	102,305	89,232
Investment securities—HTM	19,768	21,937
Securities purchased under agreements to resell	0	0
Securities borrowed	0	0
Customer and other receivables	0	0
Held for investment	0	0
Held for sale	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	34,355	34,411
Securities purchased under agreements to resell	120,543	108,099
Securities borrowed	132,852	121,091
Customer and other receivables	71,198	70,110
Held for investment	15,513	20,125
Held for sale	6,002	8,652
Other assets	704	704
Financial liabilities
Deposits	346,166	345,391
Securities sold under agreements to repurchase	81,560	61,621
Securities loaned	15,945	15,055
Other secured financings	4,013	2,756
Customer and other payables	214,263	208,015
Borrowings	178,960	171,009
Additional Disclosures
Lending commitments	1,108	1,338
Fair Value | Level 3
Financial assets
Cash and cash equivalents	0	0
Investment securities—HTM	1,160	1,105
Securities purchased under agreements to resell	2,200	2,674
Securities borrowed	0	0
Customer and other receivables	4,010	4,031
Held for investment	181,932	176,291
Held for sale	7,511	6,672
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	55	4
Additional Disclosures
Lending commitments	$ 833	$ 749

Fair Value Option - Borrowings

Fair Value Option - Borrowings Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value Measurements
Borrowings at fair value	$ 95,104	$ 93,900
Recurring
Fair Value Measurements
Borrowings at fair value	95,104	93,900
Recurring | Equity
Fair Value Measurements
Borrowings at fair value	47,086	46,073
Recurring | Interest rates
Fair Value Measurements
Borrowings at fair value	30,553	31,055
Recurring | Commodities
Fair Value Measurements
Borrowings at fair value	13,480	12,798
Recurring | Credit
Fair Value Measurements
Borrowings at fair value	2,384	2,400
Recurring | Foreign exchange
Fair Value Measurements
Borrowings at fair value	$ 1,601	$ 1,574

Fair Value Option - Net Revenue

Fair Value Option - Net Revenues from Borrowings under the Fair Value Option (Details) - Borrowings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value Option Quantitative Disclosures
Net revenues	$ (258)	$ (4,486)
Trading revenues
Fair Value Option Quantitative Disclosures
Net revenues	(114)	(4,378)
Interest expense
Fair Value Option Quantitative Disclosures
Net revenues	$ 144	$ 108

Fair Value Option - Gains (Loss

Fair Value Option - Gains (Losses) Due to Changes in Instrument-Specific Credit Risk (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value disclosure
Cumulative pre-tax DVA gain (loss) recognized in AOCI	$ (2,907)		$ (2,166)
Loans and other receivables | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	26	$ (43)
Loans and other receivables | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0
Lending commitments | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(3)	11
Lending commitments | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0
Deposits | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	0	0
Deposits | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(4)	93
Borrowings | Trading revenues
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	(10)	(6)
Borrowings | OCI
Fair Value disclosure
Gains (losses) due to changes in instrument-specific credit risk	$ (737)	$ (117)

Fair Value Option - Difference

Fair Value Option - Difference Between Contractual Principal and Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Loans and other receivables	$ 10,667	$ 11,086
Nonaccrual loans	8,101	8,566
Borrowings	$ 3,085	$ 3,030

Fair Value Option - Fair Value

Fair Value Option - Fair Value Loans on Nonaccrual Status (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Nonaccrual loans	$ 568	$ 440
Nonaccrual loans 90 or more days past due	$ 176	$ 75

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Fair Values of Derivative Contracts (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivative Assets
Total gross derivatives	$ 312,895	$ 326,450
Counterparty netting	(236,106)	(246,914)
Cash collateral netting	(39,357)	(42,223)
Total in Trading assets	37,432	37,313
Financial instruments collateral	(17,375)	(15,690)
Net amounts	20,057	21,623
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	2,798	2,641
Derivative Liabilities
Total gross derivatives	310,502	324,254
Counterparty netting	(236,106)	(246,914)
Cash collateral netting	(42,386)	(42,065)
Total in Trading liabilities	32,010	35,275
Cash collateral netting	(4,433)	(6,909)
Net amounts	27,577	28,366
Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable	4,950	5,911
Designated as accounting hedges
Derivative Assets
Total gross derivatives	107	35
Derivative Liabilities
Total gross derivatives	510	924
Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	4	25
Derivative Liabilities
Total gross derivatives	482	467
Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	103	10
Derivative Liabilities
Total gross derivatives	28	457
Not designated as accounting hedges
Derivative Assets
Total gross derivatives	312,788	326,415
Derivative Liabilities
Total gross derivatives	309,992	323,330
Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	33	29
Derivative Liabilities
Total gross derivatives	823	745
Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	136,863	148,182
Derivative Liabilities
Total gross derivatives	126,963	138,373
Other derivatives | Credit
Derivative Assets
Total gross derivatives	10,418	10,608
Derivative Liabilities
Total gross derivatives	10,074	10,347
Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	72,249	93,240
Derivative Liabilities
Total gross derivatives	66,894	89,904
Other derivatives | Equity
Derivative Assets
Total gross derivatives	76,460	58,075
Derivative Liabilities
Total gross derivatives	90,829	68,894
Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	16,765	16,281
Derivative Liabilities
Total gross derivatives	14,409	15,067
Bilateral OTC
Derivative Assets
Total gross derivatives	235,270	258,078
Counterparty netting	(163,903)	(184,553)
Cash collateral netting	(37,516)	(39,493)
Total in Trading assets	33,851	34,032
Financial instruments collateral	(17,375)	(15,690)
Net amounts	16,476	18,342
Derivative Liabilities
Total gross derivatives	233,638	258,334
Counterparty netting	(163,903)	(184,553)
Cash collateral netting	(41,077)	(41,082)
Total in Trading liabilities	28,658	32,699
Cash collateral netting	(4,092)	(6,864)
Net amounts	24,566	25,835
Bilateral OTC | Designated as accounting hedges
Derivative Assets
Total gross derivatives	87	30
Derivative Liabilities
Total gross derivatives	498	881
Bilateral OTC | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	4	25
Derivative Liabilities
Total gross derivatives	482	467
Bilateral OTC | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	83	5
Derivative Liabilities
Total gross derivatives	16	414
Bilateral OTC | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	235,183	258,048
Derivative Liabilities
Total gross derivatives	233,140	257,453
Bilateral OTC | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	3	2
Derivative Liabilities
Total gross derivatives	44	43
Bilateral OTC | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	120,182	127,414
Derivative Liabilities
Total gross derivatives	112,206	120,604
Bilateral OTC | Other derivatives | Credit
Derivative Assets
Total gross derivatives	5,522	5,712
Derivative Liabilities
Total gross derivatives	5,550	5,920
Bilateral OTC | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	70,243	90,654
Derivative Liabilities
Total gross derivatives	64,588	87,104
Bilateral OTC | Other derivatives | Equity
Derivative Assets
Total gross derivatives	24,722	20,338
Derivative Liabilities
Total gross derivatives	38,982	31,545
Bilateral OTC | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	14,511	13,928
Derivative Liabilities
Total gross derivatives	11,770	12,237
Cleared OTC
Derivative Assets
Total gross derivatives	23,284	27,412
Counterparty netting	(20,569)	(23,851)
Cash collateral netting	(1,841)	(2,730)
Total in Trading assets	874	831
Financial instruments collateral	0	0
Net amounts	874	831
Derivative Liabilities
Total gross derivatives	21,924	25,045
Counterparty netting	(20,569)	(23,851)
Cash collateral netting	(1,309)	(983)
Total in Trading liabilities	46	211
Cash collateral netting	0	(8)
Net amounts	46	203
Cleared OTC | Designated as accounting hedges
Derivative Assets
Total gross derivatives	20	5
Derivative Liabilities
Total gross derivatives	12	43
Cleared OTC | Designated as accounting hedges | Interest rate
Derivative Assets
Total gross derivatives	0	0
Derivative Liabilities
Total gross derivatives	0	0
Cleared OTC | Designated as accounting hedges | Foreign exchange
Derivative Assets
Total gross derivatives	20	5
Derivative Liabilities
Total gross derivatives	12	43
Cleared OTC | Not designated as accounting hedges
Derivative Assets
Total gross derivatives	23,264	27,407
Derivative Liabilities
Total gross derivatives	21,912	25,002
Cleared OTC | Economic hedges of loans | Credit
Derivative Assets
Total gross derivatives	30	27
Derivative Liabilities
Total gross derivatives	779	702
Cleared OTC | Other derivatives | Interest rate
Derivative Assets
Total gross derivatives	16,370	19,914
Derivative Liabilities
Total gross derivatives	14,460	17,179
Cleared OTC | Other derivatives | Credit
Derivative Assets
Total gross derivatives	4,896	4,896
Derivative Liabilities
Total gross derivatives	4,524	4,427
Cleared OTC | Other derivatives | Foreign exchange
Derivative Assets
Total gross derivatives	1,968	2,570
Derivative Liabilities
Total gross derivatives	2,149	2,694
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	54,341	40,960
Counterparty netting	(51,634)	(38,510)
Cash collateral netting	0	0
Total in Trading assets	2,707	2,450
Financial instruments collateral	0	0
Net amounts	2,707	2,450
Derivative Liabilities
Total gross derivatives	54,940	40,875
Counterparty netting	(51,634)	(38,510)
Cash collateral netting	0	0
Total in Trading liabilities	3,306	2,365
Cash collateral netting	(341)	(37)
Net amounts	2,965	2,328
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	54,341	40,960
Derivative Liabilities
Total gross derivatives	54,940	40,875
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	311	854
Derivative Liabilities
Total gross derivatives	297	590
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	38	16
Derivative Liabilities
Total gross derivatives	157	106
Exchange- Traded | Other derivatives | Equity
Derivative Assets
Total gross derivatives	51,738	37,737
Derivative Liabilities
Total gross derivatives	51,847	37,349
Exchange- Traded | Other derivatives | Commodity and other
Derivative Assets
Total gross derivatives	2,254	2,353
Derivative Liabilities
Total gross derivatives	$ 2,639	$ 2,830

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Notionals of Derivative Contracts (Details) - USD ($) $ in Billions	Mar. 31, 2024	Dec. 31, 2023
Derivatives, Notional Amount
Derivative assets	$ 18,405	$ 18,280
Derivative liabilities	18,727	19,069
Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	104	94
Derivative liabilities	200	203
Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	88	92
Derivative liabilities	197	186
Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	16	2
Derivative liabilities	3	17
Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	18,301	18,186
Derivative liabilities	18,527	18,866
Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	0	1
Derivative liabilities	23	24
Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	12,739	13,070
Derivative liabilities	12,523	13,283
Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	364	390
Derivative liabilities	360	384
Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,899	3,550
Derivative liabilities	3,981	3,696
Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	1,092	968
Derivative liabilities	1,454	1,299
Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	207	207
Derivative liabilities	186	180
Bilateral OTC
Derivatives, Notional Amount
Derivative assets	8,953	8,416
Derivative liabilities	9,372	9,063
Bilateral OTC | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	14	1
Derivative liabilities	3	17
Bilateral OTC | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	2	3
Bilateral OTC | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	14	1
Derivative liabilities	1	14
Bilateral OTC | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	8,939	8,415
Derivative liabilities	9,369	9,046
Bilateral OTC | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	0	0
Derivative liabilities	2	2
Bilateral OTC | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	4,324	4,153
Derivative liabilities	4,639	4,631
Bilateral OTC | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	203	214
Derivative liabilities	217	229
Bilateral OTC | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	3,692	3,378
Derivative liabilities	3,742	3,496
Bilateral OTC | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	583	528
Derivative liabilities	666	587
Bilateral OTC | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	137	142
Derivative liabilities	103	101
Cleared OTC
Derivatives, Notional Amount
Derivative assets	8,289	8,792
Derivative liabilities	8,014	8,727
Cleared OTC | Designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	90	93
Derivative liabilities	197	186
Cleared OTC | Designated as accounting hedges | Interest rate
Derivatives, Notional Amount
Derivative assets	88	92
Derivative liabilities	195	183
Cleared OTC | Designated as accounting hedges | Foreign exchange
Derivatives, Notional Amount
Derivative assets	2	1
Derivative liabilities	2	3
Cleared OTC | Not designated as accounting hedges
Derivatives, Notional Amount
Derivative assets	8,199	8,699
Derivative liabilities	7,817	8,541
Cleared OTC | Economic hedges of loans | Credit
Derivatives, Notional Amount
Derivative assets	0	1
Derivative liabilities	21	22
Cleared OTC | Other derivatives | Interest rate
Derivatives, Notional Amount
Derivative assets	7,845	8,357
Derivative liabilities	7,457	8,197
Cleared OTC | Other derivatives | Credit
Derivatives, Notional Amount
Derivative assets	161	176
Derivative liabilities	143	155
Cleared OTC | Other derivatives | Foreign exchange
Derivatives, Notional Amount
Derivative assets	193	165
Derivative liabilities	196	167
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	1,163	1,072
Derivative liabilities	1,341	1,279
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	1,163	1,072
Derivative liabilities	1,341	1,279
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	570	560
Derivative liabilities	427	455
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	14	7
Derivative liabilities	43	33
Exchange- Traded | Other derivatives | Equity
Derivatives, Notional Amount
Derivative assets	509	440
Derivative liabilities	788	712
Exchange- Traded | Other derivatives | Commodity and other
Derivatives, Notional Amount
Derivative assets	70	65
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
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Cash flow hedges - Interest rate contracts
Recognized in OCI	$ (47)	$ 7
Less: Realized gains (losses) (pre-tax) reclassified from AOCI to interest income	(11)	(1)
Net change in cash flow hedges included within AOCI	(36)	8
Cash flow hedges expected to be reclassified from AOCI	$ (46)
Maximum length of time over which forecasted cash flows are hedged	15 months
Investment securities—AFS
Fair Value Hedges - Hedged Items
Amortized cost basis currently/ carrying amount currently or previously hedged	$ 46,737		$ 47,179
Basis adjustments included in carrying amount	(1,120)		(732)
Deposits
Fair Value Hedges - Hedged Items
Amortized cost basis currently/ carrying amount currently or previously hedged	12,216		10,569
Basis adjustments included in carrying amount	(41)		(31)
Borrowings
Borrowings
Carrying amount currently or previously hedged	163,127		158,659
Basis adjustments included in carrying amount—Outstanding hedges	(11,305)		(9,219)
Basis adjustments included in carrying amount—Terminated hedges	(666)		$ (671)
Fair Value Hedges | Interest Income | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	572	(372)
Fair Value Hedges | Interest Income | Investment securities—AFS
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(552)	381
Fair Value Hedges | Interest expense | Interest rate
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	(2,127)	2,284
Fair Value Hedges | Interest expense | Deposits
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	10	(54)
Fair Value Hedges | Interest expense | Borrowings
Gain (Loss) on Fair Value Hedges Recognized in Interest Expense
Gains (losses) recognized in interest expense	2,109	(2,240)
Net Investment Hedges | Foreign exchange
Net investment hedges—Foreign exchange contracts
Recognized in OCI	371	(89)
Forward points excluded from hedge effectiveness testing—Recognized in Interest income	$ 48	$ 43

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Economic Loan Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Credit | Economic hedges of loans
Derivative [Line Items]
Gain (loss) on derivative recognized in other revenues	$ (123)	$ (161)

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Net Derivative Liabilities and Collateral Posted (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net derivative liabilities with credit risk-related contingent features	$ 18,862	$ 21,957
Collateral posted	$ 12,746	$ 16,389

Derivative Instruments and He_8

Derivative Instruments and Hedging Activities - Incremental Collateral and Termination Payments upon Potential Future Ratings Downgrade (Details) $ in Millions	Mar. 31, 2024 USD ($)
Bilateral Downgrade Agreement
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 624
One-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	359
Two-notch downgrade
Derivatives
Incremental collateral or termination payments upon potential future ratings downgrade	$ 411

Derivative Instruments and He_9

Derivative Instruments and Hedging Activities - Maximum Potential Payout/Notional of Credit Protection Sold (Details) - Credit Protection Sold - USD ($) $ in Billions	Mar. 31, 2024	Dec. 31, 2023
Credit Derivatives
Maximum potential payout/notional	$ 361	$ 389
CDS
Credit Derivatives
Maximum potential payout/notional	358	386
CDS protection sold with identical protection purchased	306	330
Single-name CDS
Credit Derivatives
Maximum potential payout/notional	144	136
Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	102	97
Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	42	39
Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	214	250
Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	80	116
Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	134	134
Other credit contracts
Credit Derivatives
Maximum potential payout/notional	3	3
Less Than 1 (Year)
Credit Derivatives
Maximum potential payout/notional	43	42
Less Than 1 (Year) | CDS
Credit Derivatives
Maximum potential payout/notional	43	42
Less Than 1 (Year) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	26	26
Less Than 1 (Year) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	19	19
Less Than 1 (Year) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	7	7
Less Than 1 (Year) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	17	16
Less Than 1 (Year) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	8	8
Less Than 1 (Year) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	9	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	76	76
1 - 3 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	76	76
1 - 3 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	43	43
1 - 3 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	29	29
1 - 3 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	14	14
1 - 3 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	33	33
1 - 3 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	19	19
1 - 3 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	14	14
1 - 3 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
3 - 5 (Years)
Credit Derivatives
Maximum potential payout/notional	180	236
3 - 5 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	180	236
3 - 5 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	57	56
3 - 5 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	40	39
3 - 5 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	17	17
3 - 5 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	123	180
3 - 5 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	46	85
3 - 5 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	77	95
3 - 5 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	0	0
Over 5 (Years)
Credit Derivatives
Maximum potential payout/notional	62	35
Over 5 (Years) | CDS
Credit Derivatives
Maximum potential payout/notional	59	32
Over 5 (Years) | Single-name CDS
Credit Derivatives
Maximum potential payout/notional	18	11
Over 5 (Years) | Single-name CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	14	10
Over 5 (Years) | Single-name CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	4	1
Over 5 (Years) | Index and basket CDS
Credit Derivatives
Maximum potential payout/notional	41	21
Over 5 (Years) | Index and basket CDS | Investment grade
Credit Derivatives
Maximum potential payout/notional	7	4
Over 5 (Years) | Index and basket CDS | Non-investment grade
Credit Derivatives
Maximum potential payout/notional	34	17
Over 5 (Years) | Other credit contracts
Credit Derivatives
Maximum potential payout/notional	$ 3	$ 3

Derivative Instruments and H_10

Derivative Instruments and Hedging Activities - Fair Value Asset/(Liability) of Credit Protection Sold (Details) - Credit Protection Sold - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Credit Derivatives
Fair Value Asset (Liability)	$ 5,180	$ 4,591
CDS
Credit Derivatives
Fair Value Asset (Liability)	4,904	4,277
Single-name CDS
Credit Derivatives
Fair Value Asset (Liability)	2,611	2,303
Single-name CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	2,167	1,904
Single-name CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	444	399
Index and basket CDS
Credit Derivatives
Fair Value Asset (Liability)	2,293	1,974
Index and basket CDS | Investment grade
Credit Derivatives
Fair Value Asset (Liability)	1,829	1,929
Index and basket CDS | Non-investment grade
Credit Derivatives
Fair Value Asset (Liability)	464	45
Other credit contracts
Credit Derivatives
Fair Value Asset (Liability)	$ 276	$ 314

Derivative Instruments and H_11

Derivative Instruments and Hedging Activities - Protection Purchased with CDS (Details) - Protection Purchased - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Credit Derivatives
Notional	$ 388,000	$ 409,000
CDS
Credit Derivatives
Fair Value Asset (Liability)	(5,619)	(5,019)
Single name
Credit Derivatives
Notional	174,000	166,000
Fair Value Asset (Liability)	(3,114)	(2,799)
Index and basket
Credit Derivatives
Notional	182,000	213,000
Fair Value Asset (Liability)	(1,249)	(1,208)
Tranched index and basket
Credit Derivatives
Notional	32,000	30,000
Fair Value Asset (Liability)	$ (1,256)	$ (1,012)

Investment Securities - AFS and

Investment Securities - AFS and HTM Securities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
AFS securities
Amortized cost	$ 91,260	$ 92,149
Gross Unrealized Gains	72	74
Gross Unrealized Losses	4,019	4,110
Fair Value	87,313	88,113
HTM securities
Amortized Cost	65,420	66,694
Gross Unrealized Gains	7	2
Gross Unrealized Losses	10,144	9,243
Fair Value	55,283	57,453
Amortized cost	156,680	158,843
Gross Unrealized Gains	79	76
Gross Unrealized Losses	14,163	13,353
Fair Value	142,596	145,566
U.S. Treasury securities
AFS securities
Amortized cost	59,035	58,484
Gross Unrealized Gains	49	24
Gross Unrealized Losses	860	1,103
Fair Value	58,224	57,405
HTM securities
Amortized Cost	21,138	23,222
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,370	1,285
Fair Value	19,768	21,937
U.S. agency securities
AFS securities
Amortized cost	25,232	25,852
Gross Unrealized Gains	4	4
Gross Unrealized Losses	2,726	2,528
Fair Value	22,510	23,328
HTM securities
Amortized Cost	41,698	40,894
Gross Unrealized Gains	6	0
Gross Unrealized Losses	8,524	7,699
Fair Value	33,180	33,195
Agency CMBS
AFS securities
Amortized cost	5,762	5,871
Gross Unrealized Gains	0	0
Gross Unrealized Losses	420	456
Fair Value	5,342	5,415
HTM securities
Amortized Cost	1,297	1,337
Gross Unrealized Gains	0	0
Gross Unrealized Losses	122	121
Fair Value	1,175	1,216
Non-agency CMBS
HTM securities
Amortized Cost	1,287	1,241
Gross Unrealized Gains	1	2
Gross Unrealized Losses	128	138
Fair Value	1,160	1,105
State and municipal securities
AFS securities
Amortized cost	476	1,132
Gross Unrealized Gains	18	46
Gross Unrealized Losses	2	5
Fair Value	492	1,173
FFELP student loan ABS:
AFS securities
Amortized cost	755	810
Gross Unrealized Gains	1	0
Gross Unrealized Losses	11	18
Fair Value	$ 745	$ 792
HTM securities
Third party guarantees (as a percent)	95%	95%

Investment Securities - AFS Sec

Investment Securities - AFS Securities in an Unrealized Loss Position (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
AFS securities
AFS: Fair value, less than 12 months	$ 6,929	$ 19,172
AFS: Fair value, 12 months or longer	54,768	57,983
AFS: Fair value, total	61,697	77,155
AFS: Gross unrealized losses, less than 12 months	28	69
AFS: Gross unrealized losses, 12 months or longer	3,991	4,041
AFS: Gross unrealized losses, total	4,019	4,110
U.S. Treasury securities
AFS securities
AFS: Fair value, less than 12 months	4,377	14,295
AFS: Fair value, 12 months or longer	30,024	33,458
AFS: Fair value, total	34,401	47,753
AFS: Gross unrealized losses, less than 12 months	17	22
AFS: Gross unrealized losses, 12 months or longer	843	1,081
AFS: Gross unrealized losses, total	860	1,103
U.S. agency securities
AFS securities
AFS: Fair value, less than 12 months	2,332	4,297
AFS: Fair value, 12 months or longer	19,050	18,459
AFS: Fair value, total	21,382	22,756
AFS: Gross unrealized losses, less than 12 months	9	43
AFS: Gross unrealized losses, 12 months or longer	2,717	2,485
AFS: Gross unrealized losses, total	2,726	2,528
Agency CMBS
AFS securities
AFS: Fair value, less than 12 months	0	0
AFS: Fair value, 12 months or longer	5,102	5,415
AFS: Fair value, total	5,102	5,415
AFS: Gross unrealized losses, less than 12 months	0	0
AFS: Gross unrealized losses, 12 months or longer	420	456
AFS: Gross unrealized losses, total	420	456
State and municipal securities
AFS securities
AFS: Fair value, less than 12 months	180	524
AFS: Fair value, 12 months or longer	34	35
AFS: Fair value, total	214	559
AFS: Gross unrealized losses, less than 12 months	1	3
AFS: Gross unrealized losses, 12 months or longer	1	2
AFS: Gross unrealized losses, total	2	5
FFELP student loan ABS:
AFS securities
AFS: Fair value, less than 12 months	40	56
AFS: Fair value, 12 months or longer	558	616
AFS: Fair value, total	598	672
AFS: Gross unrealized losses, less than 12 months	1	1
AFS: Gross unrealized losses, 12 months or longer	10	17
AFS: Gross unrealized losses, total	$ 11	$ 18

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Non-agency CMBS
Schedule of Held-to-maturity Securities [Line Items]
Allowance for credit loss related to held-to-maturity securities	$ 41	$ 44

Investment Securities - Investm

Investment Securities - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
AFS securities: Amortized cost, total	$ 91,260	$ 92,149
HTM securities: Amortized cost, total	65,420
Investment securities: amortized cost, total	156,680	158,843
Fair Value
AFS securities: Fair value, total	87,313	88,113
HTM securities: Fair value, total	55,283	57,453
Investment securities: fair value, total	$ 142,596	145,566
Annualized Average Yield
AFS securities: Annualized average yield, total (as a percent)	2.90%
HTM securities: Annualized average yield, total (as a percent)	2%
Investment securities: Annualized average yield, total (as a percent)	2.50%
AFS securities: Annualized average yield including the interest rate swap accrual of related hedges, due within 1 year (as a percent)	2.10%
AFS securities: Annualized average yield including the interest rate swap accrual of related hedge (as a percent)	3.80%
U.S. Treasury securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 16,765
AFS securities: Amortized cost, after 1 year through 5 years	37,649
AFS securities: Amortized cost, after 5 years through 10 years	4,621
AFS securities: Amortized cost, total	59,035	58,484
HTM securities: Amortized cost, due within 1 year	5,252
HTM securities: Amortized cost, after 1 year through 5 years	13,826
HTM securities: Amortized cost, after 5 year through 10 years	503
HTM securities: Amortized cost, after 10 years	1,557
HTM securities: Amortized cost, total	21,138
Fair Value
AFS securities: Fair value, due within 1 year	16,508
AFS securities: Fair value, after 1 year through 5 years	37,087
AFS securities: Fair value, after 5 years through 10 years	4,629
AFS securities: Fair value, total	58,224	57,405
HTM securities: Fair value, due within 1 year	5,179
HTM securities: Fair value, after 1 year through 5 years	13,063
HTM securities: Fair value, after 5 years through 10 years	412
HTM securities: Fair value, after 10 years	1,114
HTM securities: Fair value, total	$ 19,768	21,937
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	1.40%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	2.90%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	4%
HTM securities: Annualized average yield, due within 1 year (as a percent)	2.10%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	2%
HTM securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.10%
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	$ 10
AFS securities: Amortized cost, after 1 year through 5 years	349
AFS securities: Amortized cost, after 5 years through 10 years	509
AFS securities: Amortized cost, after 10 years	24,364
AFS securities: Amortized cost, total	25,232	25,852
HTM securities: Amortized cost, after 1 year through 5 years	5
HTM securities: Amortized cost, after 5 year through 10 years	277
HTM securities: Amortized cost, after 10 years	41,416
HTM securities: Amortized cost, total	41,698
Fair Value
AFS securities: Fair value, due within 1 year	9
AFS securities: Fair value, after 1 year through 5 years	327
AFS securities: Fair value, after 5 years through 10 years	464
AFS securities: Fair value, after 10 years	21,710
AFS securities: Fair value, total	22,510	23,328
HTM securities: Fair value, after 1 year through 5 years	5
HTM securities: Fair value, after 5 years through 10 years	258
HTM securities: Fair value, after 10 years	32,917
HTM securities: Fair value, total	$ 33,180	33,195
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	(0.50%)
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)	3.70%
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)	1.90%
Agency CMBS
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 1
AFS securities: Amortized cost, after 1 year through 5 years	2,969
AFS securities: Amortized cost, after 5 years through 10 years	1,615
AFS securities: Amortized cost, after 10 years	1,177
AFS securities: Amortized cost, total	5,762	5,871
HTM securities: Amortized cost, due within 1 year	113
HTM securities: Amortized cost, after 1 year through 5 years	942
HTM securities: Amortized cost, after 5 year through 10 years	116
HTM securities: Amortized cost, after 10 years	126
HTM securities: Amortized cost, total	1,297
Fair Value
AFS securities: Fair value, due within 1 year	1
AFS securities: Fair value, after 1 year through 5 years	2,861
AFS securities: Fair value, after 5 years through 10 years	1,531
AFS securities: Fair value, after 10 years	949
AFS securities: Fair value, total	5,342	5,415
HTM securities: Fair value, due within 1 year	110
HTM securities: Fair value, after 1 year through 5 years	867
HTM securities: Fair value, after 5 years through 10 years	97
HTM securities: Fair value, after 10 years	101
HTM securities: Fair value, total	$ 1,175	1,216
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)	2%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	1.90%
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)	1.90%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	1.30%
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: Amortized cost, due within 1 year	$ 194
HTM securities: Amortized cost, after 1 year through 5 years	391
HTM securities: Amortized cost, after 5 year through 10 years	621
HTM securities: Amortized cost, after 10 years	81
HTM securities: Amortized cost, total	1,287
Fair Value
HTM securities: Fair value, due within 1 year	175
HTM securities: Fair value, after 1 year through 5 years	369
HTM securities: Fair value, after 5 years through 10 years	538
HTM securities: Fair value, after 10 years	78
HTM securities: Fair value, total	$ 1,160	1,105
Annualized Average Yield
HTM securities: Annualized average yield, due within 1 year (as a percent)	4.10%
HTM securities: Annualized average yield, after 1 years through 5 years (as a percent)	4.70%
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)	6.40%
State and municipal securities
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 27
AFS securities: Amortized cost, after 1 year through 5 years	178
AFS securities: Amortized cost, after 5 years through 10 years	3
AFS securities: Amortized cost, after 10 years	268
AFS securities: Amortized cost, total	476	1,132
Fair Value
AFS securities: Fair value, due within 1 year	27
AFS securities: Fair value, after 1 year through 5 years	179
AFS securities: Fair value, after 5 years through 10 years	5
AFS securities: Fair value, after 10 years	281
AFS securities: Fair value, total	$ 492	1,173
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	5.10%
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)	4.50%
FFELP student loan ABS:
Amortized Cost
AFS securities: Amortized cost, due within 1 year	$ 15
AFS securities: Amortized cost, after 1 year through 5 years	135
AFS securities: Amortized cost, after 5 years through 10 years	31
AFS securities: Amortized cost, after 10 years	574
AFS securities: Amortized cost, total	755	810
Fair Value
AFS securities: Fair value, due within 1 year	14
AFS securities: Fair value, after 1 year through 5 years	131
AFS securities: Fair value, after 5 years through 10 years	31
AFS securities: Fair value, after 10 years	569
AFS securities: Fair value, total	$ 745	$ 792
Annualized Average Yield
AFS securities: Annualized average yield, due within 1 year (as a percent)	6%
AFS securities: Annualized average yield, after 1 year through 5 years (as a percent)	6.10%
AFS securities: Annualized average yield, after 5 years through 10 years (as a percent)	5.90%
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
	Mar. 31, 2024	Mar. 31, 2023
AFS securities
Gross realized gains	$ 43	$ 44
Gross realized (losses)	0	(3)
Total	$ 43	$ 41

Collateralized Transactions - O

Collateralized Transactions - Offsetting of Certain Collateralized Transactions (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Securities purchased under agreements to resell
Gross Amounts	$ 293,414	$ 300,242
Amounts Offset	(170,681)	(189,502)
Balance Sheet Net Amounts	122,733	110,740
Amounts not offset	(118,405)	(108,893)
Net Amounts	4,328	1,847
Securities borrowed
Gross Amounts	163,755	142,453
Amounts Offset	(30,903)	(21,362)
Balance Sheet Net Amounts	132,852	121,091
Amounts not offset	(128,658)	(115,969)
Net Amounts	4,194	5,122
Securities sold under agreements to repurchase
Gross Amounts	253,085	252,153
Amounts Offset	(170,681)	(189,502)
Balance Sheet Net Amounts	82,404	62,651
Amounts not offset	(74,081)	(58,357)
Net Amounts	8,323	4,294
Securities loaned
Gross Amounts	46,848	36,419
Amounts Offset	(30,903)	(21,362)
Balance Sheet Net Amounts	15,945	15,057
Amounts not offset	(15,935)	(15,046)
Net Amounts	10	11
Net amounts for which master netting agreements are not in place or may not be legally enforceable
Securities purchased under agreements to resell	4,175	1,741
Securities borrowed	447	607
Securities sold under agreements to repurchase	6,312	3,014
Securities loaned	$ 2	$ 2

Collateralized Transactions - G

Collateralized Transactions - Gross Secured Financing Balances (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Gross Secured Financing Balances
Securities sold under agreements to repurchase	$ 253,085	$ 252,153
Securities loaned	46,848	36,419
Total included in the offsetting disclosure	299,933	288,572
Trading liabilities— Obligation to return securities received as collateral	8,658	13,528
Total	308,591	302,100
U.S. Treasury and agency securities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	84,185	98,377
Other sovereign government obligations
Gross Secured Financing Balances
Securities sold under agreements to repurchase	131,489	122,342
Securities loaned	1,793	1,379
Corporate equities
Gross Secured Financing Balances
Securities sold under agreements to repurchase	23,791	18,144
Securities loaned	44,245	34,434
Trading liabilities— Obligation to return securities received as collateral	8,564	13,502
Other
Gross Secured Financing Balances
Securities sold under agreements to repurchase	13,620	13,290
Securities loaned	810	606
Trading liabilities— Obligation to return securities received as collateral	94	26
Overnight and Open
Gross Secured Financing Balances
Securities sold under agreements to repurchase	70,487	80,376
Securities loaned	31,934	21,508
Total included in the offsetting disclosure	102,421	101,884
Trading liabilities— Obligation to return securities received as collateral	8,658	13,528
Total	111,079	115,412
Less than 30 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	113,219	114,826
Securities loaned	0	1,345
Total included in the offsetting disclosure	113,219	116,171
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	113,219	116,171
30-90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	31,956	25,510
Securities loaned	381	709
Total included in the offsetting disclosure	32,337	26,219
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	32,337	26,219
Over 90 Days
Gross Secured Financing Balances
Securities sold under agreements to repurchase	37,423	31,441
Securities loaned	14,533	12,857
Total included in the offsetting disclosure	51,956	44,298
Trading liabilities— Obligation to return securities received as collateral	0	0
Total	$ 51,956	$ 44,298

Collateralized Transactions - A

Collateralized Transactions - Assets Loaned or Pledged (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instrument, Owned, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral [Member]
Trading assets	$ 367,633	$ 367,074
Asset Pledged as Collateral without Right
Financial Instruments Owned and Pledged as Collateral [Line Items]
Trading assets	$ 36,461	$ 37,522

Collateralized Transactions - C

Collateralized Transactions - Collateral Received (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Collateralized Agreements [Abstract]
Collateral received with right to sell or repledge	$ 798,885	$ 735,830
Collateral that was sold or repledged	$ 610,901	$ 553,386

Collateralized Transactions - S

Collateralized Transactions - Securities Segregated for Regulatory Purposes (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Collateralized Agreements [Abstract]
Segregated securities	$ 24,393	$ 20,670

Collateralized Transactions -_2

Collateralized Transactions - Customer Margin Lending (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Collateralized Agreements [Abstract]
Margin and other lending	$ 47,464	$ 45,644

Collateralized Transactions - N

Collateralized Transactions - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Offsetting [Abstract]
Offset of other secured financing liabilities against trade assets	$ 1,798	$ 3,472

Loans, Lending Commitments an_3

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans by Type (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
HFI Loans
Total loans	$ 204,935	$ 204,554
ACL	(1,141)	(1,169)	$ (970)	$ (839)
Total loans, net	203,794	203,385
HFS Loans
Total loans	13,426	15,255
Total loans, net	13,426	15,255
Total Loans
Total loans	218,361	219,809
ACL	(1,141)	(1,169)	(970)	(839)
Total loans, net	217,220	218,640
Loans to non-U.S. borrowers, net
HFI Loans
Total loans, net	21,591	21,152
HFS Loans
Total loans, net	4,945	5,043
Total Loans
Total loans, net	26,536	26,195
Corporate
HFI Loans
Total loans	7,171	6,758
ACL	(241)	(241)	(265)	(235)
HFS Loans
Total loans	9,655	11,862
Total Loans
Total loans	16,826	18,620
ACL	(241)	(241)	(265)	(235)
Secured lending facilities
HFI Loans
Total loans	38,692	39,498
ACL	(135)	(153)	(152)	(153)
HFS Loans
Total loans	3,564	3,161
Total Loans
Total loans	42,256	42,659
ACL	(135)	(153)	(152)	(153)
Commercial real estate
HFI Loans
Total loans	8,689	8,678
ACL	(461)	(463)	(335)	(275)
HFS Loans
Total loans	205	209
Total Loans
Total loans	8,894	8,887
ACL	(461)	(463)	(335)	(275)
Residential real estate
HFI Loans
Total loans	61,339	60,375
ACL	(89)	(100)	(113)	(87)
HFS Loans
Total loans	2	22
Total Loans
Total loans	61,341	60,397
ACL	(89)	(100)	(113)	(87)
Securities-based lending and Other
HFI Loans
Total loans	89,044	89,245
ACL	(215)	(212)	(105)	(89)
HFS Loans
Total loans	0	1
Total Loans
Total loans	89,044	89,246
ACL	$ (215)	$ (212)	$ (105)	$ (89)

Loans, Lending Commitments an_4

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans by Interest Rate Type (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	$ 53,501	$ 52,997
Floating or Adjustable Rate	164,860	166,812
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	0	0
Floating or Adjustable Rate	16,826	18,620
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	0	0
Floating or Adjustable Rate	42,256	42,659
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	142	141
Floating or Adjustable Rate	8,752	8,746
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	29,335	28,934
Floating or Adjustable Rate	32,006	31,464
Securities-based lending and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fixed Rate	24,024	23,922
Floating or Adjustable Rate	$ 65,020	$ 65,323

Loans, Lending Commitments an_5

Loans, Lending Commitments and Related Allowance for Credit Losses - Loans Held for Investment before Allowance by Credit Quality and Origination Year (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 204,935	$ 204,554
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	6,692	6,213
Current Fiscal Year	0	88
One Year Ago	50	166
Two Years Ago	156	104
Three Years Ago	90	54
Four Years Ago	53
Prior	130	133
Total	7,171	6,758
Corporate | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	2,319	2,350
Current Fiscal Year	0	0
One Year Ago	0	0
Two Years Ago	0	15
Three Years Ago	15	29
Four Years Ago	28
Prior	0	0
Total	2,362	2,394
Corporate | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	4,373	3,863
Current Fiscal Year	0	88
One Year Ago	50	166
Two Years Ago	156	89
Three Years Ago	75	25
Four Years Ago	25
Prior	130	133
Total	4,809	4,364
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	30,952	31,734
Current Fiscal Year	374	2,994
One Year Ago	2,904	2,782
Two Years Ago	2,632	365
Three Years Ago	359	80
Four Years Ago	76
Prior	1,395	1,543
Total	38,692	39,498
Secured lending facilities | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	8,867	9,494
Current Fiscal Year	0	1,535
One Year Ago	1,512	392
Two Years Ago	385	0
Three Years Ago	0	0
Four Years Ago	0
Prior	355	356
Total	11,119	11,777
Secured lending facilities | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	22,085	22,240
Current Fiscal Year	374	1,459
One Year Ago	1,392	2,390
Two Years Ago	2,247	365
Three Years Ago	359	80
Four Years Ago	76
Prior	1,040	1,187
Total	27,573	27,721
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	170	170
Current Fiscal Year	753	1,328
One Year Ago	1,312	2,184
Two Years Ago	2,165	1,864
Three Years Ago	1,849	756
Four Years Ago	755
Prior	1,685	2,376
Total	8,689	8,678
Commercial real estate | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	0	0
Current Fiscal Year	0	261
One Year Ago	365	284
Two Years Ago	282	370
Three Years Ago	295	0
Four Years Ago	0
Prior	57	195
Total	999	1,110
Commercial real estate | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	170	170
Current Fiscal Year	753	1,067
One Year Ago	947	1,900
Two Years Ago	1,883	1,494
Three Years Ago	1,554	756
Four Years Ago	755
Prior	1,628	2,181
Total	7,690	7,568
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	152	149
Current Fiscal Year	1,891	9,137
One Year Ago	8,975	13,740
Two Years Ago	13,568	13,690
Three Years Ago	13,528	8,450
Four Years Ago	8,327
Prior	14,898	15,209
Total	61,339	60,375
Residential real estate | Less than or equal to 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	151	149
Current Fiscal Year	1,709	8,168
One Year Ago	8,023	12,650
Two Years Ago	12,490	12,763
Three Years Ago	12,608	8,017
Four Years Ago	7,901
Prior	13,813	14,106
Total	56,695	55,853
Residential real estate | Greater than 80%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	1	0
Current Fiscal Year	182	969
One Year Ago	952	1,090
Two Years Ago	1,078	927
Three Years Ago	920	433
Four Years Ago	426
Prior	1,085	1,103
Total	4,644	4,522
Residential real estate | Greater than or equal to 740
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	113	108
Current Fiscal Year	1,590	7,390
One Year Ago	7,248	10,927
Two Years Ago	10,776	11,075
Three Years Ago	10,948	6,916
Four Years Ago	6,815
Prior	11,383	11,642
Total	48,873	48,058
Residential real estate | 680-739
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	32	33
Current Fiscal Year	271	1,517
One Year Ago	1,502	2,424
Two Years Ago	2,409	2,376
Three Years Ago	2,344	1,430
Four Years Ago	1,409
Prior	3,091	3,131
Total	11,058	10,911
Residential real estate | Less than or equal to 679
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	7	8
Current Fiscal Year	30	230
One Year Ago	225	389
Two Years Ago	383	239
Three Years Ago	236	104
Four Years Ago	103
Prior	424	436
Total	1,408	1,406
Securities-based lending and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	77,749	78,066
Current Fiscal Year	432	2,585
One Year Ago	2,487	2,748
Two Years Ago	2,673	872
Three Years Ago	792	849
Four Years Ago	831
Prior	4,080	4,125
Total	89,044	89,245
Securities-based lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	70,959	71,474
Current Fiscal Year	231	1,612
One Year Ago	1,502	1,128
Two Years Ago	1,056	165
Three Years Ago	104	0
Four Years Ago	39
Prior	222	215
Total	74,113	74,594
Other | Investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	5,304	5,230
Current Fiscal Year	17	627
One Year Ago	621	816
Two Years Ago	526	330
Three Years Ago	251	435
Four Years Ago	285
Prior	1,617	2,096
Total	8,621	9,534
Other | Non-investment grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	1,486	1,362
Current Fiscal Year	184	346
One Year Ago	364	804
Two Years Ago	1,091	377
Three Years Ago	437	414
Four Years Ago	507
Prior	2,241	1,814
Total	$ 6,310	$ 5,117

Loans, Lending Commitments an_6

Loans, Lending Commitments and Related Allowance for Credit Losses - Past Due Loans Held for Investment before Allowance (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 204,935	$ 204,554
Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	491	393
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	7,171	6,758
Corporate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	46	47
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	8,689	8,678
Commercial real estate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	291	185
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	61,339	60,375
Residential real estate | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	138	160
Securities-based lending and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	89,044	89,245
Securities-based lending and Other | Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 16	$ 1

Loans, Lending Commitments an_7

Loans, Lending Commitments and Related Allowance for Credit Losses - Nonaccrual Loans Held for Investment before Allowance (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 991	$ 877
Nonaccrual loans without an ACL	88	86
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	82	95
Secured lending facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	83	87
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	432	426
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	100	95
Securities-based lending and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 294	$ 174

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
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 260	$ 147
Percent of total loans	0.20%	0.20%
Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 220	$ 80
Percent of total loans	0.20%	0.10%
Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0	$ 67
Percent of total loans	0%	0.80%
Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 40	$ 0
Percent of total loans	0.50%	0%
Modified Terms
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 301	$ 607
Corporate | Single Modifications
Financing Receivable, Modified [Line Items]
Percent of total loans	0%	0%
Corporate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 52	$ 17
Percent of total loans	0.70%	0.20%
Corporate | Term Extension | Single Modifications
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification	30 months	8 months
Corporate | Other-than-insignificant Payment Delay | Single Modifications
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification	0 months	0 months
Corporate | Principal Forgiveness | Single Modifications
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0	$ 0
Commercial real estate | Single Modifications
Financing Receivable, Modified [Line Items]
Percent of total loans	0%	0%
Commercial real estate | Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Percent of total loans	0%
Commercial real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 127	$ 62
Percent of total loans	1.50%	0.70%
Commercial real estate | Term Extension | Single Modifications
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification	5 months	2 months
Commercial real estate | Term Extension | Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification		16 months
Commercial real estate | Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0	$ 67
Percent of total loans	0%	0.80%
Commercial real estate | Other-than-insignificant Payment Delay | Single Modifications
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification	0 months	8 months
Commercial real estate | Other-than-insignificant Payment Delay | Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification		16 months
Commercial real estate | Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 40	$ 0
Percent of total loans	0.50%	0%
Commercial real estate | Principal Forgiveness | Single Modifications
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0	$ 0
Commercial real estate | Principal Forgiveness | Multiple Modifications - Term Extension and Other-than-insignificant Payment Delay
Financing Receivable, Modified [Line Items]
Amortized Cost	0
Residential real estate | Single Modifications
Financing Receivable, Modified [Line Items]
Percent of total loans		0%
Residential real estate | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0	$ 1
Percent of total loans	0%	0%
Residential real estate | Term Extension | Single Modifications
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification		4 months
Residential real estate | Other-than-insignificant Payment Delay | Single Modifications
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification		0 months
Residential real estate | Principal Forgiveness | Single Modifications
Financing Receivable, Modified [Line Items]
Amortized Cost		$ 0
Securities-based lending and Other | Single Modifications
Financing Receivable, Modified [Line Items]
Percent of total loans	0%
Securities-based lending and Other | Term Extension
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 41	$ 0
Percent of total loans	0%	0%
Securities-based lending and Other | Term Extension | Single Modifications
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification	36 months
Securities-based lending and Other | Other-than-insignificant Payment Delay | Single Modifications
Financing Receivable, Modified [Line Items]
Weighted average term increase from modification	0 months
Securities-based lending and Other | Principal Forgiveness | Single Modifications
Financing Receivable, Modified [Line Items]
Amortized Cost	$ 0

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	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	$ 204,935	$ 204,554
Total
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	45
30-89 Days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	0
90+ Days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	45
Commercial real estate
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	8,689	$ 8,678
Commercial real estate | Total
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	45
Commercial real estate | 30-89 Days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	0
Commercial real estate | 90+ Days Past Due
Financing Receivable, Modified, Subsequent Default [Line Items]
Total loans	$ 45

Loans, Lending Commitments a_10

Loans, Lending Commitments and Related Allowance for Credit Losses - Allowance for Credit Losses Rollforward - Loans and Lending Commitments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for loan losses rollforward
Beginning balance	$ 1,169	$ 839
Gross charge-offs		71
Provision (release)	(22)	201
Other	(6)	1
Ending balance	$ 1,141	$ 970
Percent of loans to total loans	100%	100%
Allowance for lending commitments rollforward
Beginning balance	$ 551	$ 504
Provision (release)	16	33
Other	(2)	2
Ending balance	565	539
Total ending balance	1,706	1,509
Corporate
Allowance for loan losses rollforward
Beginning balance	241	235
Gross charge-offs		1
Provision (release)	1	31
Other	(1)	0
Ending balance	$ 241	$ 265
Percent of loans to total loans	4%	4%
Allowance for lending commitments rollforward
Beginning balance	$ 431	$ 411
Provision (release)	(2)	22
Other	(3)	2
Ending balance	426	435
Total ending balance	667	700
Secured lending facilities
Allowance for loan losses rollforward
Beginning balance	153	153
Gross charge-offs		0
Provision (release)	(17)	0
Other	(1)	(1)
Ending balance	$ 135	$ 152
Percent of loans to total loans	19%	18%
Allowance for lending commitments rollforward
Beginning balance	$ 70	$ 51
Provision (release)	25	0
Other	(1)	0
Ending balance	94	51
Total ending balance	229	203
Commercial real estate
Allowance for loan losses rollforward
Beginning balance	463	275
Gross charge-offs		69
Provision (release)	1	129
Other	(3)	0
Ending balance	$ 461	$ 335
Percent of loans to total loans	4%	4%
Allowance for lending commitments rollforward
Beginning balance	$ 26	$ 15
Provision (release)	(3)	7
Other	0	0
Ending balance	23	22
Total ending balance	484	357
Residential real estate
Allowance for loan losses rollforward
Beginning balance	100	87
Gross charge-offs		0
Provision (release)	(11)	26
Other	0	0
Ending balance	$ 89	$ 113
Percent of loans to total loans	30%	28%
Allowance for lending commitments rollforward
Beginning balance	$ 4	$ 4
Provision (release)	0	1
Other	0	0
Ending balance	4	5
Total ending balance	93	118
SBL and Other
Allowance for loan losses rollforward
Beginning balance	212	89
Gross charge-offs		1
Provision (release)	4	15
Other	(1)	2
Ending balance	$ 215	$ 105
Percent of loans to total loans	43%	46%
Allowance for lending commitments rollforward
Beginning balance	$ 20	$ 23
Provision (release)	(4)	3
Other	2	0
Ending balance	18	26
Total ending balance	$ 233	$ 131

Loans, Lending Commitments a_11

Loans, Lending Commitments and Related Allowance for Credit Losses - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Receivables [Abstract]
Gross charge-offs	$ 71

Loans, Lending Commitments a_12

Loans, Lending Commitments and Related Allowance for Credit Losses - Schedule of Selected Credit Ratios (Details)	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
ACL for loans to total HFI loans	0.60%	0.60%
Nonaccrual HFI loans to total HFI loans	0.50%	0.40%
ACL for loans to nonaccrual HFI loans	115.10%	133.30%

Loans, Lending Commitments a_13

Loans, Lending Commitments and Related Allowance for Credit Losses - Employee Loans (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Employee Loans [Line Items]
Other receivables	$ 81,639	$ 80,105
Employee loans	4,353	4,349
ACL	(121)	(121)
Employee loans, net of ACL	$ 4,232	$ 4,228
Remaining repayment term, weighted average in years	5 years 8 months 12 days	5 years 9 months 18 days
Currently employed by the Firm | Related Party
Employee Loans [Line Items]
Other receivables	$ 4,263	$ 4,257
No longer employed by the Firm | Related Party
Employee Loans [Line Items]
Other receivables	$ 90	$ 92

Other Assets - Balances (Detail

Other Assets - Balances (Details) - Investment Management - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Equity Method Investments
Investments	$ 1,811		$ 1,915
Income (loss)	$ 56	$ 25

Other Assets - Joint Ventures (

Other Assets - Joint Ventures (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
MUMSS
Equity Method Investments
Income (loss) from investment in MUMSS	$ 40	$ 29

Other Assets - Tax Equity Inves

Other Assets - Tax Equity Investments under the Proportional Amortization Method (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Equity Method Investments
Total proportional amortization method investment	$ 1,803	$ 1,699
Excluded tax equity investments	46
Low-income housing
Equity Method Investments
Total proportional amortization method investment	1,764	1,699
Renewable Energy and Other
Equity Method Investments
Total proportional amortization method investment	$ 39	$ 0

Other Assets - Net Benefits Att

Other Assets - Net Benefits Attributable to Tax Equity Investments under the Proportional Amortization Method (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Income tax credits and other income tax benefits	$ 75	$ 71
Proportional amortization	(60)	(49)
Net benefits	$ 15	$ 22

Deposits - Summary (Details)

Deposits - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Savings and demand deposits	$ 288,453	$ 288,252
Time deposits	64,041	63,552
Total	352,494	351,804
Deposits subject to FDIC insurance	276,557	276,598
Deposits not subject to FDIC insurance	$ 75,937	$ 75,206

Deposits - Time Deposit Maturit

Deposits - Time Deposit Maturities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Time Deposit Maturities
2024	$ 27,808
2025	19,452
2026	7,091
2027	4,604
2028	3,982
Thereafter	1,104
Total	$ 64,041	$ 63,552

Borrowings and Other Secured _3

Borrowings and Other Secured Financings - Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Borrowings
Original maturities of one year or less	$ 5,233	$ 3,188
Original maturities greater than one year
Senior	252,547	248,174
Subordinated	13,603	12,370
Total greater than one year	266,150	260,544
Total	$ 271,383	$ 263,732
Weighted average stated maturity, in years	6 years 7 months 6 days	6 years 7 months 6 days

Borrowings and Other Secured _4

Borrowings and Other Secured Financings - Other Secured Financings (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Original maturities:
One year or less	$ 8,914	$ 5,732
Greater than one year	6,177	6,923
Total	15,091	12,655
Transfers of assets accounted for as secured financings	$ 7,053	$ 5,848

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingencies - Commitments (Details) $ in Millions	Mar. 31, 2024 USD ($)
Commitment, Fiscal Year Maturity
Less than 1 (year)	$ 130,388
1-3 (years)	45,267
3-5 (years)	63,523
Over 5 (years)	23,011
Total	262,189
Forward-starting secured financing receivables
Commitment, Fiscal Year Maturity
Less than 1 (year)	88,826
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	0
Total	88,826
Central counterparty
Commitment, Fiscal Year Maturity
Less than 1 (year)	300
1-3 (years)	0
3-5 (years)	0
Over 5 (years)	12,861
Total	13,161
Investment activities
Commitment, Fiscal Year Maturity
Less than 1 (year)	1,709
1-3 (years)	120
3-5 (years)	73
Over 5 (years)	524
Total	2,426
Letters of credit and other financial guarantees
Commitment, Fiscal Year Maturity
Less than 1 (year)	68
1-3 (years)	15
3-5 (years)	0
Over 5 (years)	7
Total	90
Corporate
Commitment, Fiscal Year Maturity
Less than 1 (year)	15,091
1-3 (years)	35,055
3-5 (years)	58,740
Over 5 (years)	4,230
Total	113,116
Lending commitments participated to third parties	8,348
Secured lending facilities
Commitment, Fiscal Year Maturity
Less than 1 (year)	8,167
1-3 (years)	6,891
3-5 (years)	4,319
Over 5 (years)	4,465
Total	23,842
Commercial and Residential real estate
Commitment, Fiscal Year Maturity
Less than 1 (year)	214
1-3 (years)	21
3-5 (years)	14
Over 5 (years)	481
Total	730
Securities-based lending and Other
Commitment, Fiscal Year Maturity
Less than 1 (year)	16,013
1-3 (years)	3,165
3-5 (years)	377
Over 5 (years)	443
Total	$ 19,998

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingencies - Obligations under Guarantee Arrangements (Details) $ in Millions	Mar. 31, 2024 USD ($)
Non-credit derivatives
Guarantees
Carrying Amount Asset (Liability)	$ (33,732)
Non-credit derivatives | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,576,169
Non-credit derivatives | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	748,245
Non-credit derivatives | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	155,224
Non-credit derivatives | Over 5 (Years)
Guarantees
Maximum potential payout/notional	458,033
Standby letters of credit and other financial guarantees issued
Guarantees
Carrying Amount Asset (Liability)	2
Standby letters of credit	700
Allowance for credit loss	72
Standby letters of credit and other financial guarantees issued | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	1,726
Standby letters of credit and other financial guarantees issued | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	1,152
Standby letters of credit and other financial guarantees issued | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	1,236
Standby letters of credit and other financial guarantees issued | Over 5 (Years)
Guarantees
Maximum potential payout/notional	2,561
Liquidity facilities
Guarantees
Carrying Amount Asset (Liability)	(1)
Liquidity facilities | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	2,193
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 Asset (Liability)	0
Whole loan sales guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	2
Whole loan sales guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	85
Whole loan sales guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Whole loan sales guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	23,074
Securitization representations and warranties
Guarantees
Carrying Amount Asset (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	82,349
General partner guarantees
Guarantees
Carrying Amount Asset (Liability)	(87)
General partner guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	412
General partner guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	32
General partner guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	133
General partner guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	28
Client clearing guarantees
Guarantees
Carrying Amount Asset (Liability)	0
Client clearing guarantees | Less Than 1 (Year)
Guarantees
Maximum potential payout/notional	208
Client clearing guarantees | 1 - 3 (Years)
Guarantees
Maximum potential payout/notional	0
Client clearing guarantees | 3 - 5 (Years)
Guarantees
Maximum potential payout/notional	0
Client clearing guarantees | Over 5 (Years)
Guarantees
Maximum potential payout/notional	$ 0

Commitments, Guarantees and C_5

Commitments, Guarantees and Contingencies - Legal Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Legal expenses	$ (26)	$ 151

Commitments, Guarantees and C_6

Commitments, Guarantees and Contingencies - Narrative (Details) € in Millions, kr in Millions, $ in Millions					1 Months Ended
	Nov. 29, 2017 USD ($)	Nov. 29, 2017 DKK (kr)	Oct. 05, 2017 USD ($)	Oct. 05, 2017 DKK (kr)	Mar. 31, 2021 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2024 EUR (€)	Oct. 13, 2021 USD ($)	Nov. 17, 2017 USD ($)	Oct. 29, 2014 USD ($)	May 17, 2013 USD ($)
Common Class B | Viacom
Loss Contingencies
Amount of stock offered					$ 1,700
Convertible Preferred Stock Subject to Mandatory Redemption | Viacom
Loss Contingencies
Amount of stock offered					$ 1,000
Dividend rate					5.75%
Relators Roger Hayes and C. Talbot Heppenstall, Jr., filed a qui tam action in New Jersey state court styled State of New Jersey ex. rel. Hayes v. Bank of America Corp., et al. | Settled Litigation
Loss Contingencies
Original principal amount of debt instrument								$ 3,900	$ 6,900
Case Number 15/3637 and Case Number 15/4353 | Pending Litigation
Loss Contingencies
Withholding tax credit set-off						$ 134	€ 124
Case number B-803-18 (previously BS 99-6998/2017 | Pending Litigation
Loss Contingencies
Damages sought			$ 77	kr 529
Case number B-2073-16 | Pending Litigation
Loss Contingencies
Damages sought	$ 111	kr 767
IKB International S.A. in Liquidation, et al. v. Morgan Stanley, et al. | Pending Litigation
Loss Contingencies
Value of mortgage pass-through certificates										$ 116	$ 133

Variable Interest Entities an_3

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Type of Activity (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity
VIE Assets	$ 1,228,503	$ 1,193,693
VIE Liabilities	1,128,363	1,093,711
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity
VIE Assets	2,515	2,310
VIE Liabilities	1,373	1,375
Variable Interest Entity, Primary Beneficiary | MABS
Variable Interest Entity
VIE Assets	741	597
VIE Liabilities	258	256
Variable Interest Entity, Primary Beneficiary | Investment vehicles
Variable Interest Entity
VIE Assets	807	753
VIE Liabilities	508	502
Variable Interest Entity, Primary Beneficiary | MTOB
Variable Interest Entity
VIE Assets	525	582
VIE Liabilities	483	520
Variable Interest Entity, Primary Beneficiary | Other
Variable Interest Entity
VIE Assets	442	378
VIE Liabilities	$ 124	$ 97

Variable Interest Entities an_4

Variable Interest Entities and Securitization Activities - Assets and Liabilities by Balance Sheet Caption (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 102,305	$ 89,232
Trading assets	367,633	367,074
Investment securities	142,596	145,566
Securities purchased under agreements to resell	122,733	110,740
Customer and other receivables	81,639	80,105
Other assets	27,752	28,242
Total assets	1,228,503	1,193,693
Liabilities
Other secured financings	15,091	12,655
Other liabilities and accrued expenses	23,833	28,151
Borrowings	271,383	263,732
Total liabilities	1,128,363	1,093,711
Noncontrolling interests	942	944
Variable Interest Entity, Primary Beneficiary
Assets
Cash and cash equivalents	181	164
Trading assets	1,998	1,557
Investment securities	237	492
Securities purchased under agreements to resell	67	67
Customer and other receivables	29	26
Other assets	3	4
Total assets	2,515	2,310
Liabilities
Other secured financings	1,184	1,222
Other liabilities and accrued expenses	131	121
Borrowings	58	32
Total liabilities	1,373	1,375
Noncontrolling interests	$ 60	$ 54

Variable Interest Entities an_5

Variable Interest Entities and Securitization Activities - Non-Consolidated VIEs (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity
VIE Assets	$ 1,228,503	$ 1,193,693
Additional VIE assets owned	14,797	15,002
VIE Liabilities	1,128,363	1,093,711
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE assets (UPB)	151,575	144,906
MABS
Variable Interest Entity
VIE assets (UPB)	151,575	144,906
Maximum exposure to loss	26,254	24,642
MABS | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	22,368	21,203
MABS | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	22,367	21,203
MABS | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	22,368	21,203
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	3,887	3,439
MABS | Liabilities | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	0
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)	1,877	1,526
Maximum exposure to loss	104	52
CDO | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	104	52
CDO | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	104	52
CDO | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	104	52
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 | Liabilities | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	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)	3,311	3,152
Maximum exposure to loss	2,193	2,092
MTOB | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	2	2
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	2,193	2,092
MTOB | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	2	2
MTOB | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	0	0
MTOB | Liabilities | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	4
MTOB | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	4	3
OSF
Variable Interest Entity
VIE assets (UPB)	2,919	3,102
Maximum exposure to loss	2,131	2,049
OSF | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,713	1,682
OSF | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	2,131	2,049
OSF | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,713	1,682
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 | Liabilities | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	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)	56,401	50,052
Maximum exposure to loss	13,428	13,583
Other | Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	10,586	10,405
Other | Debt and equity interests
Variable Interest Entity
Maximum exposure to loss	9,192	9,076
Other | Debt and equity interests | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	9,192	9,075
Other | Derivative and other contracts
Variable Interest Entity
Maximum exposure to loss	4,076	4,452
Other | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Assets	1,394	1,330
Other | Commitments, guarantees and other
Variable Interest Entity
Maximum exposure to loss	160	55
Other | Liabilities | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	367
Other | Derivative and other contracts | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
VIE Liabilities	$ 367	$ 452

Variable Interest Entities an_6

Variable Interest Entities and Securitization Activities - Mortgage and Asset Backed Securitization Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity
Debt and Equity Interests	$ 1,228,503	$ 1,193,693
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity
UPB	151,575	144,906
Variable Interest Entity, Not Primary Beneficiary | Residential mortgages
Variable Interest Entity
UPB	17,323	17,346
Variable Interest Entity, Not Primary Beneficiary | Commercial mortgages
Variable Interest Entity
UPB	79,998	74,590
Variable Interest Entity, Not Primary Beneficiary | U.S. agency collateralized mortgage obligations
Variable Interest Entity
UPB	43,012	42,917
Variable Interest Entity, Not Primary Beneficiary | Other consumer or commercial loans
Variable Interest Entity
UPB	11,242	10,053
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests
Variable Interest Entity
Debt and Equity Interests	22,367	21,203
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Residential mortgages
Variable Interest Entity
Debt and Equity Interests	3,067	3,355
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Commercial mortgages
Variable Interest Entity
Debt and Equity Interests	8,805	8,342
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | U.S. agency collateralized mortgage obligations
Variable Interest Entity
Debt and Equity Interests	6,442	6,675
Variable Interest Entity, Not Primary Beneficiary | Debt and Equity Interests | Other consumer or commercial loans
Variable Interest Entity
Debt and Equity Interests	$ 4,053	$ 2,831

Variable Interest Entities an_7

Variable Interest Entities and Securitization Activities - Transferred Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity
Derivative assets	$ 37,432	$ 37,313
Derivative liabilities	32,010	35,275
SPE
Variable Interest Entity
Interests purchased in the secondary market	116	100
Derivative assets	1,159	1,073
Derivative liabilities	378	426
SPE | Investment grade
Variable Interest Entity
Interests purchased in the secondary market	103	84
SPE | Non-investment grade
Variable Interest Entity
Interests purchased in the secondary market	13	16
SPE | RML
Variable Interest Entity
SPE assets (UPB)	4,887	4,333
Retained interests	256	232
Interests purchased in the secondary market	18	20
Derivative assets	0	0
Derivative liabilities	0	0
SPE | RML | Investment grade
Variable Interest Entity
Retained interests	161	149
Interests purchased in the secondary market	18	20
SPE | RML | Non-investment grade
Variable Interest Entity
Retained interests	95	83
Interests purchased in the secondary market	0	0
SPE | CML
Variable Interest Entity
SPE assets (UPB)	72,446	73,818
Retained interests	1,395	1,441
Interests purchased in the secondary market	50	38
Derivative assets	0	0
Derivative liabilities	0	0
SPE | CML | Investment grade
Variable Interest Entity
Retained interests	652	653
Interests purchased in the secondary market	37	22
SPE | CML | Non-investment grade
Variable Interest Entity
Retained interests	743	788
Interests purchased in the secondary market	13	16
SPE | U.S. Agency CMO
Variable Interest Entity
SPE assets (UPB)	14,659	12,083
Retained interests	556	460
Interests purchased in the secondary market	48	42
Derivative assets	0	0
Derivative liabilities	0	0
SPE | U.S. Agency CMO | Investment grade
Variable Interest Entity
Retained interests	556	460
Interests purchased in the secondary market	48	42
SPE | U.S. Agency CMO | Non-investment grade
Variable Interest Entity
Retained interests	0	0
Interests purchased in the secondary market	0	0
SPE | CLN and Other
Variable Interest Entity
SPE assets (UPB)	13,094	12,438
Retained interests	65	69
Interests purchased in the secondary market	0	0
Derivative assets	1,159	1,073
Derivative liabilities	378	426
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	65	69
Interests purchased in the secondary market	$ 0	$ 0

Variable Interest Entities an_8

Variable Interest Entities and Securitization Activities - Fair Value of Transfers of Assets with Continuing Involvement (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity
Derivative assets	$ 37,432	$ 37,313
Derivative liabilities	32,010	35,275
SPE
Variable Interest Entity
Retained interests	749	642
Interests purchased in the secondary market	116	100
Derivative assets	1,159	1,073
Derivative liabilities	378	426
SPE | Investment grade
Variable Interest Entity
Retained interests	667	576
Interests purchased in the secondary market	103	84
SPE | Non-investment grade
Variable Interest Entity
Retained interests	82	66
Interests purchased in the secondary market	13	16
SPE | Level 2
Variable Interest Entity
Retained interests	682	586
Interests purchased in the secondary market	113	89
Derivative assets	1,159	1,073
Derivative liabilities	378	426
SPE | Level 2 | Investment grade
Variable Interest Entity
Retained interests	667	576
Interests purchased in the secondary market	103	77
SPE | Level 2 | Non-investment grade
Variable Interest Entity
Retained interests	15	10
Interests purchased in the secondary market	10	12
SPE | Level 3
Variable Interest Entity
Retained interests	67	56
Interests purchased in the secondary market	3	11
Derivative assets	0	0
Derivative liabilities	0	0
SPE | Level 3 | Investment grade
Variable Interest Entity
Retained interests	0	0
Interests purchased in the secondary market	0	7
SPE | Level 3 | Non-investment grade
Variable Interest Entity
Retained interests	67	56
Interests purchased in the secondary market	$ 3	$ 4

Variable Interest Entities an_9

Variable Interest Entities and Securitization Activities - Proceeds from New Securitization Transactions and Sales of Loans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Variable Interest Entities and Securitization Activities [Abstract]
New transactions	$ 6,550	$ 2,521
Retained interests	$ 2,099	$ 1,575

Variable Interest Entities a_10

Variable Interest Entities and Securitization Activities - Assets Sold with Retained Exposure (Details) - Bilateral OTC - Equity - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Transfer of Financial Assets Accounted for as Sales
Gross cash proceeds from sale of assets	$ 68,566	$ 60,766
Fair value
Assets sold	70,956	62,221
Derivative assets recognized in the balance sheet	2,527	1,546
Derivative liabilities recognized in the balance sheet	$ 140	$ 93

Regulatory Requirements - Capit

Regulatory Requirements - Capital Buffer Requirements (Details)	Mar. 31, 2024	Dec. 31, 2023
Capital conservation buffer
Advanced (as a percent)	0.025	0.025
SCB
Standardized (as a percent)	0.054	0.054
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)	0.084	0.084
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)	Mar. 31, 2024	Dec. 31, 2023
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)	Mar. 31, 2024	Dec. 31, 2023
CET1 capital ratio
Regulatory Minimum (as a percent)	0.045
Standardized (as a percent)	12.90%	12.90%
Advanced (as a percent)	0.100	0.100
Tier 1 capital ratio
Regulatory Minimum (as a percent)	0.060
Standardized (as a percent)	0.144	0.144
Advanced (as a percent)	0.115	0.115
Total capital ratio
Regulatory Minimum (as a percent)	0.080
Standardized (as a percent)	0.164	0.164
Advanced (as a percent)	0.135	0.135

Regulatory Requirements - The F

Regulatory Requirements - The Firm's Regulatory Capital and Capital Ratios (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Risk-based capital
CET1 capital	$ 70,298	$ 69,448
Tier 1 capital	79,046	78,183
Total capital	91,007	88,874
Total RWA	$ 467,763	$ 456,053
Risk-based capital ratio
Common Equity Tier 1 capital (as a percent)	0.150	0.152
Tier 1 capital (as a percent)	0.169	0.171
Total capital (as a percent)	0.195	0.195
Required Ratio
Common Equity Tier 1 capital (as a percent)	12.90%	12.90%
Tier 1 capital (as a percent)	0.144	0.144
Total capital (as a percent)	0.164	0.164
Leveraged-based capital
Adjusted average assets	$ 1,178,369	$ 1,159,626
Supplementary leverage exposure	$ 1,464,030	$ 1,429,552
Leveraged-based capital ratio
Tier 1 leverage (as a percent)	0.067	0.067
SLR (as a percent)	0.054	0.055
Required Ratio
Tier 1 leverage (as a percent)	0.040	0.040
SLR (as a percent)	5%	5%

Regulatory Requirements - U.S.

Regulatory Requirements - U.S. Bank Subsidiaries' Regulatory Capital and Capital Ratios (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Required Ratio
Common Equity Tier 1 capital (as a percent)	12.90%	12.90%
Tier 1 capital (as a percent)	0.144	0.144
Total capital (as a percent)	0.164	0.164
Tier 1 leverage (as a percent)	0.040	0.040
SLR (as a percent)	5%	5%
Risk-based capital
CET1 capital	$ 70,298	$ 69,448
Tier 1 capital	79,046	78,183
Total capital	$ 91,007	$ 88,874
Risk-based capital ratio
Common Equity Tier 1 capital (as a percent)	0.150	0.152
Tier 1 capital (as a percent)	0.169	0.171
Total capital (as a percent)	0.195	0.195
Tier 1 leverage (as a percent)	0.067	0.067
SLR (as a percent)	0.054	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%
Risk-based capital
CET1 capital	$ 23,127	$ 21,925
Tier 1 capital	23,127	21,925
Total capital	24,033	22,833
Tier 1 leverage	23,127	21,925
SLR	$ 23,127	$ 21,925
Risk-based capital ratio
Common Equity Tier 1 capital (as a percent)	0.225	0.217
Tier 1 capital (as a percent)	0.225	0.217
Total capital (as a percent)	0.233	0.226
Tier 1 leverage (as a percent)	0.109	0.106
SLR (as a percent)	0.084	0.082
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%
Risk-based capital
CET1 capital	$ 15,978	$ 15,388
Tier 1 capital	15,978	15,388
Total capital	16,266	15,675
Tier 1 leverage	15,978	15,388
SLR	$ 15,978	$ 15,388
Risk-based capital ratio
Common Equity Tier 1 capital (as a percent)	0.264	0.258
Tier 1 capital (as a percent)	0.264	0.258
Total capital (as a percent)	0.269	0.263
Tier 1 leverage (as a percent)	0.077	0.075
SLR (as a percent)	0.075	0.072

Regulatory Requirements - U.S_2

Regulatory Requirements - U.S. Broker-Dealer Regulatory Capital Requirements (Details) - MS&Co. - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Regulatory Requirements
Net capital	$ 18,628	$ 18,121
Excess net capital	$ 14,145	$ 13,676

Total Equity - Preferred Stock

Total Equity - Preferred Stock Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 31, 2024	Dec. 31, 2023
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)	44,000,000,000
Liquidation preference per share (USD per share)	$ 25,000,000,000
Preferred stock carrying value	$ 1,100	$ 1,100
Series C
Class of Stock
Preferred stock shares outstanding (shares)	519,882,000,000
Liquidation preference per share (USD per share)	$ 1,000,000,000
Preferred stock carrying value	$ 408	408
Series E
Class of Stock
Preferred stock shares outstanding (shares)	34,500,000,000
Liquidation preference per share (USD per share)	$ 25,000,000,000
Preferred stock carrying value	$ 862	862
Series F
Class of Stock
Preferred stock shares outstanding (shares)	34,000,000,000
Liquidation preference per share (USD per share)	$ 25,000,000,000
Preferred stock carrying value	$ 850	850
Series I
Class of Stock
Preferred stock shares outstanding (shares)	40,000,000,000
Liquidation preference per share (USD per share)	$ 25,000,000,000
Preferred stock carrying value	$ 1,000	1,000
Series K
Class of Stock
Preferred stock shares outstanding (shares)	40,000,000,000
Liquidation preference per share (USD per share)	$ 25,000,000,000
Preferred stock carrying value	$ 1,000	1,000
Series L
Class of Stock
Preferred stock shares outstanding (shares)	20,000,000,000
Liquidation preference per share (USD per share)	$ 25,000,000,000
Preferred stock carrying value	$ 500	500
Series M
Class of Stock
Preferred stock shares outstanding (shares)	400,000,000,000
Liquidation preference per share (USD per share)	$ 1,000,000,000
Preferred stock carrying value	$ 430	430
Series N
Class of Stock
Preferred stock shares outstanding (shares)	3,000,000,000
Liquidation preference per share (USD per share)	$ 100,000,000,000
Preferred stock carrying value	$ 300	300
Series O
Class of Stock
Preferred stock shares outstanding (shares)	52,000,000,000
Liquidation preference per share (USD per share)	$ 25,000,000,000
Preferred stock carrying value	$ 1,300	1,300
Series P
Class of Stock
Preferred stock shares outstanding (shares)	40,000,000,000
Liquidation preference per share (USD per share)	$ 25,000,000,000
Preferred stock carrying value	$ 1,000	$ 1,000

Total Equity - Common Stock Rep

Total Equity - Common Stock Repurchases (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity [Abstract]
Repurchases of common stock under the Firm’s Share Repurchase Authorization	$ 1,000	$ 1,500

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
	Mar. 31, 2024	Mar. 31, 2023
Equity [Abstract]
Weighted average common shares outstanding, basic (shares)	1,601	1,645
Effect of dilutive RSUs and PSUs (shares)	15	18
Weighted average common shares outstanding and common stock equivalents, diluted (shares)	1,616	1,663
Weighted average antidilutive common stock equivalents (excluded from the computation of diluted EPS) (shares)	0	4

Total Equity - Dividends (Detai

Total Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Preferred Stock Dividends
Preferred stock dividends declared	$ 146	$ 144
Dividends declared per common share (USD per share)	$ 0.85	$ 0.775
Common stock dividends	$ 1,390	$ 1,305
Series A
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 392	$ 343
Preferred stock dividends declared	$ 17	$ 15
Series C
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 25	$ 25
Preferred stock dividends declared	$ 13	$ 13
Series E
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 445	$ 445
Preferred stock dividends declared	$ 15	$ 15
Series F
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 434	$ 430
Preferred stock dividends declared	$ 15	$ 14
Series I
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 398	$ 398
Preferred stock dividends declared	$ 16	$ 16
Series K
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 366	$ 366
Preferred stock dividends declared	$ 15	$ 15
Series L
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 305	$ 305
Preferred stock dividends declared	$ 6	$ 6
Series M
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 29	$ 29
Preferred stock dividends declared	$ 12	$ 12
Series N
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 2,226	$ 2,650
Preferred stock dividends declared	$ 7	$ 8
Series O
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 266	$ 266
Preferred stock dividends declared	$ 14	$ 14
Series P
Preferred Stock Dividends
Preferred stock dividend declared (USD per share)	$ 406	$ 406
Preferred stock dividends declared	$ 16	$ 16

Total Equity - Accumulated Othe

Total Equity - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	$ 99,982
Ending balance	100,140	$ 101,954
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(6,421)	(6,253)
OCI during the period	(636)	542
Ending balance	(7,057)	(5,711)
CTA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(1,153)	(1,204)
OCI during the period	(112)	32
Ending balance	(1,265)	(1,172)
AFS Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(3,094)	(4,192)
OCI during the period	68	512
Ending balance	(3,026)	(3,680)
Pension and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(595)	(508)
OCI during the period	4	(1)
Ending balance	(591)	(509)
DVA
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	(1,595)	(345)
OCI during the period	(568)	(8)
Ending balance	(2,163)	(353)
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning and ending balance	16	(4)
OCI during the period	(28)	7
Ending balance	$ (12)	$ 3

Total Equity - Components of Pe

Total Equity - Components of Period Changes in OCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
After-tax Gain (Loss)
Net OCI	$ (692)	$ 523
Foreign Currency Translation Adjustment Attributable to Parent
After-tax Gain (Loss)
OCI activity	(112)	32
Reclassified to earnings	0	0
Net OCI	(112)	32
Foreign Currency Translation Adjustment Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(70)	(10)
Reclassified to earnings	0	0
Net OCI	(70)	(10)
Income Tax Benefit (Provision)
OCI activity	(103)	30
Reclassified to earnings	0	0
Net OCI	(103)	30
After-tax Gain (Loss)
OCI activity	(173)	20
Reclassified to earnings	0	0
Net OCI	(173)	20
Foreign Currency Translation Adjustment Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	(61)	(12)
Reclassified to earnings	0	0
Net OCI	(61)	(12)
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Parent
After-tax Gain (Loss)
OCI activity	100	543
Reclassified to earnings	(32)	(31)
Net OCI	68	512
Change in Net Unrealized Gains (Losses) on AFS Securities Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	132	710
Reclassified to earnings	(43)	(41)
Net OCI	89	669
Income Tax Benefit (Provision)
OCI activity	(32)	(167)
Reclassified to earnings	11	10
Net OCI	(21)	(157)
After-tax Gain (Loss)
OCI activity	100	543
Reclassified to earnings	(32)	(31)
Net OCI	68	512
Change in Net Unrealized Gains (Losses) on AFS Securities Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	0	0
Net OCI	0	0
Pension and Other Attributable to Parent
After-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	4	(1)
Net OCI	4	(1)
Pension and Other Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	5	(1)
Net OCI	5	(1)
Income Tax Benefit (Provision)
OCI activity	0	0
Reclassified to earnings	(1)	0
Net OCI	(1)	0
After-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	4	(1)
Net OCI	4	(1)
Pension and Other Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	0	0
Reclassified to earnings	0	0
Net OCI	0	0
Change in Net DVA Attributable to Parent
After-tax Gain (Loss)
OCI activity	(576)	(13)
Reclassified to earnings	8	5
Net OCI	(568)	(8)
Change in Net DVA Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(751)	(30)
Reclassified to earnings	10	6
Net OCI	(741)	(24)
Income Tax Benefit (Provision)
OCI activity	180	10
Reclassified to earnings	(2)	(1)
Net OCI	178	9
After-tax Gain (Loss)
OCI activity	(571)	(20)
Reclassified to earnings	8	5
Net OCI	(563)	(15)
Change in Net DVA Attributable to Noncontrolling Interest
After-tax Gain (Loss)
OCI activity	5	(7)
Reclassified to earnings	0	0
Net OCI	5	(7)
Change in Fair Value of Cash Flow Hedge Derivatives Attributable to Parent
After-tax Gain (Loss)
OCI activity	(36)	6
Reclassified to earnings	8	1
Net OCI	(28)	7
Change in Fair Value of Cash Flow Hedge Derivatives Including Noncontrolling Interest
Pre-tax Gain (Loss)
OCI activity	(47)	7
Reclassified to earnings	11	1
Net OCI	(36)	8
Income Tax Benefit (Provision)
OCI activity	11	(1)
Reclassified to earnings	(3)	0
Net OCI	8	(1)
After-tax Gain (Loss)
OCI activity	(36)	6
Reclassified to earnings	8	1
Net OCI	(28)	7
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
		Mar. 31, 2024	Mar. 31, 2023
Interest income
Cash and cash equivalents		$ 903	$ 743
Investment securities		1,197	1,018
Loans		3,305	2,815
Securities purchased under agreements to resell		2,530	1,477
Securities borrowed		1,376	1,172
Trading assets, net of Trading liabilities		1,382	913
Customer receivables and Other		2,237	1,842
Total interest income	[1]	12,930	9,980
Interest expense
Deposits		2,476	1,575
Borrowings		3,223	2,506
Securities sold under agreements to repurchase		2,402	1,218
Securities loaned		224	164
Customer payables and Other		2,809	2,171
Total interest expense	[1]	11,134	7,634
Net interest		1,796	2,346
Decrease in interest expense	[1]	(11,134)	(7,634)
Decrease in interest income	[1]	$ (12,930)	(9,980)
Revision of Prior Period, Adjustment | Institutional Securities
Interest income
Total interest income			(890)
Interest expense
Total interest expense			(890)
Decrease in interest expense			890
Decrease in interest income			$ 890
[1] Prior period amounts have been adjusted to conform with the current period presentation. See Note 2 for additional information.

Interest Income and Interest _4

Interest Income and Interest Expense - Accrued Interest (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Interest Income (Expense), Net [Abstract]
Customer and other receivables	$ 5,149	$ 4,206
Customer and other payables	$ 4,942	$ 4,360

Segment, Geographic and Reven_3

Segment, Geographic and Revenue Information - Selected Financial Information by Business Segment (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information
Investment banking		$ 1,589	$ 1,330
Trading		4,852	4,477
Investments		137	145
Commissions and fees		1,227	1,239
Asset management		5,269	4,728
Other		266	252
Total non-interest revenues		13,340	12,171
Interest income	[1]	12,930	9,980
Interest expense	[1]	11,134	7,634
Net interest		1,796	2,346
Net revenues		15,136	14,517
Provision for credit losses		(6)	234
Compensation and benefits		6,696	6,410
Non-compensation expenses		4,051	4,113
Total non-interest expenses		10,747	10,523
Income before provision for income taxes		4,395	3,760
Provision for income taxes		933	727
Net income		3,462	3,033
Net income (loss) applicable to noncontrolling interests		50	53
Net income applicable to Morgan Stanley		3,412	2,980
Decrease in interest income	[1]	(12,930)	(9,980)
Decrease in interest expense	[1]	(11,134)	(7,634)
I/E
Segment Reporting Information
Investment banking		(24)	(21)
Trading		14	9
Investments		0	0
Commissions and fees		(69)	(65)
Asset management		(63)	(50)
Other		(4)	(4)
Total non-interest revenues		(146)	(131)
Interest income		(377)	(544)
Interest expense		(386)	(547)
Net interest		9	3
Net revenues		(137)	(128)
Provision for credit losses		0	0
Compensation and benefits		0	0
Non-compensation expenses		(134)	(118)
Total non-interest expenses		(134)	(118)
Income before provision for income taxes		(3)	(10)
Provision for income taxes		(1)	(2)
Net income		(2)	(8)
Net income (loss) applicable to noncontrolling interests		0	0
Net income applicable to Morgan Stanley		(2)	(8)
Decrease in interest income		377	544
Decrease in interest expense		386	547
IS | Revision of Prior Period, Adjustment
Segment Reporting Information
Interest income			(890)
Interest expense			(890)
Decrease in interest income			890
Decrease in interest expense			890
IS | Operating Segments
Segment Reporting Information
Investment banking		1,447	1,247
Trading		4,583	4,257
Investments		49	28
Commissions and fees		691	714
Asset management		157	148
Other		124	180
Total non-interest revenues		7,051	6,574
Interest income		9,308	6,868
Interest expense		9,343	6,645
Net interest		(35)	223
Net revenues		7,016	6,797
Provision for credit losses		2	189
Compensation and benefits		2,343	2,365
Non-compensation expenses		2,320	2,351
Total non-interest expenses		4,663	4,716
Income before provision for income taxes		2,351	1,892
Provision for income taxes		482	363
Net income		1,869	1,529
Net income (loss) applicable to noncontrolling interests		50	51
Net income applicable to Morgan Stanley		1,819	1,478
Decrease in interest income		(9,308)	(6,868)
Decrease in interest expense		(9,343)	(6,645)
WM | Operating Segments
Segment Reporting Information
Investment banking		166	104
Trading		262	227
Investments		19	16
Commissions and fees		605	590
Asset management		3,829	3,382
Other		143	82
Total non-interest revenues		5,024	4,401
Interest income		3,973	3,627
Interest expense		2,117	1,469
Net interest		1,856	2,158
Net revenues		6,880	6,559
Provision for credit losses		(8)	45
Compensation and benefits		3,788	3,477
Non-compensation expenses		1,294	1,325
Total non-interest expenses		5,082	4,802
Income before provision for income taxes		1,806	1,712
Provision for income taxes		403	336
Net income		1,403	1,376
Net income (loss) applicable to noncontrolling interests		0	0
Net income applicable to Morgan Stanley		1,403	1,376
Decrease in interest income		(3,973)	(3,627)
Decrease in interest expense		(2,117)	(1,469)
IM | Operating Segments
Segment Reporting Information
Investment banking		0	0
Trading		(7)	(16)
Investments		69	101
Commissions and fees		0	0
Asset management		1,346	1,248
Other		3	(6)
Total non-interest revenues		1,411	1,327
Interest income		26	29
Interest expense		60	67
Net interest		(34)	(38)
Net revenues		1,377	1,289
Provision for credit losses		0	0
Compensation and benefits		565	568
Non-compensation expenses		571	555
Total non-interest expenses		1,136	1,123
Income before provision for income taxes		241	166
Provision for income taxes		49	30
Net income		192	136
Net income (loss) applicable to noncontrolling interests		0	2
Net income applicable to Morgan Stanley		192	134
Decrease in interest income		(26)	(29)
Decrease in interest expense		$ (60)	$ (67)
[1] Prior period amounts have been adjusted to conform with the current period presentation. See Note 2 for additional information.

Segment, Geographic and Reven_4

Segment, Geographic and Revenue Information - Institutional Securities - Investment Banking Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue from External Customer [Line Items]
Investment banking	$ 1,589	$ 1,330
Firm Investment banking revenues from contracts with customers (as a percent)	90%	89%
Institutional Securities | Operating Segments
Revenue from External Customer [Line Items]
Investment banking	$ 1,447	$ 1,247
Institutional Securities | Operating Segments | Institutional Securities Advisory
Revenue from External Customer [Line Items]
Investment banking	461	638
Institutional Securities | Operating Segments | Institutional Securities Underwriting
Revenue from External Customer [Line Items]
Investment banking	$ 986	$ 609

Segment, Geographic and Reven_5

Segment, Geographic and Revenue Information - Trading Revenues by Product Type (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue
Trading revenues	$ 4,852	$ 4,477
Interest rate
Disaggregation of Revenue
Trading revenues	1,826	1,368
Foreign exchange
Disaggregation of Revenue
Trading revenues	272	262
Equity
Disaggregation of Revenue
Trading revenues	2,304	2,212
Commodity and other
Disaggregation of Revenue
Trading revenues	595	539
Credit
Disaggregation of Revenue
Trading revenues	$ (145)	$ 96

Segment, Geographic and Reven_6

Segment, Geographic and Revenue Information - Investment Management Investments Revenues - Net Unrealized Carried Interest (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Segment Reporting [Abstract]
Net cumulative unrealized performance-based fees at risk of reversing	$ 770	$ 787

Segment, Geographic and Reven_7

Segment, Geographic and Revenue Information - Investment Management Asset Management Revenues - Reduction of Fees due to Fee Waivers (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting [Abstract]
Fee waivers	$ 24	$ 18

Segment, Geographic and Reven_8

Segment, Geographic and Revenue Information - Other Expenses - Transaction Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting [Abstract]
Transaction taxes	$ 206	$ 214

Segment, Geographic and Reven_9

Segment, Geographic and Revenue Information - Net Revenues by Region (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information
Net revenues	$ 15,136	$ 14,517
Americas
Segment Reporting Information
Net revenues	11,567	10,791
EMEA
Segment Reporting Information
Net revenues	1,826	1,737
Asia
Segment Reporting Information
Net revenues	$ 1,743	$ 1,989

Segment, Geographic and Reve_10

Segment, Geographic and Revenue Information - Revenue Recognized from Prior Services (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting [Abstract]
Non-interest revenues	$ 476	$ 704

Segment, Geographic and Reve_11

Segment, Geographic and Revenue Information - Receivables from Contracts with Customers (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Segment Reporting [Abstract]
Customer and other receivables	$ 2,570	$ 2,339

Segment, Geographic and Reve_12

Segment, Geographic and Revenue Information - Assets by Business Segment (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Segment Reporting Information
Assets	$ 1,228,503	$ 1,193,693
Institutional Securities
Segment Reporting Information
Assets	832,693	810,506
Wealth Management
Segment Reporting Information
Assets	377,924	365,168
Investment Management
Segment Reporting Information
Assets	$ 17,886	$ 18,019