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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income [1] $ 4,035 $ 2,694
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Share-based compensation [1] 198 202
Depreciation and amortization [1] 432 461
Amortization of acquired intangible assets [1] 258 259
Provision (benefit) for deferred income taxes [1] (40) (109)
Premium amortization, net, on available for sale and held to maturity securities [1] 351 416
Other [1] 319 238
Net change in:    
Investments segregated and on deposit for regulatory purposes [1] (7,403) 728
Receivables from brokers, dealers, and clearing organizations [1] (1,855) 78
Receivables from brokerage clients [1] 2,551 (4,188)
Other assets [1] (665) 613
Payables to brokers, dealers, and clearing organizations [1] 5,247 (798)
Payables to brokerage clients [1] 7,796 (4,820)
Accrued expenses and other liabilities [1] (1,688) (1,375)
Net cash provided by (used for) operating activities [1] 9,536 (5,601)
Cash Flows from Investing Activities    
Purchases of available for sale securities [1] (1,887) (1,258)
Proceeds from sales of available for sale securities [1] 4,205 2,043
Principal payments on available for sale securities [1] 14,893 13,344
Purchases of held to maturity securities [1] (429) 0
Principal payments on held to maturity securities [1] 8,047 7,135
Net change in bank loans [1] (5,230) (1,755)
Purchases of equipment, office facilities, and property [1] (245) (238)
Purchases of FHLB stock [1] (317) (474)
Proceeds from sales of FHLB stock [1] 644 620
Purchases of Federal Reserve stock [1] (9) (107)
Proceeds from sales of Federal Reserve stock [1] 4 0
Other investing activities [1] (130) (129)
Net cash provided by (used for) investing activities [1] 19,546 19,181
Cash Flows from Financing Activities    
Net change in bank deposits [1] (26,063) (37,533)
Proceeds from FHLB borrowings [1] 8,000 12,201
Repayments of FHLB borrowings [1] (15,700) (14,201)
Proceeds from other short-term borrowings [1] 20,359 10,866
Repayments of other short-term borrowings [1] (17,906) (7,423)
Repayments of long-term debt [1] (2,237) (3,670)
Redemption of preferred stock (2,458) 0
Repurchases of common stock and nonvoting common stock [1] (1,833) 0
Dividends paid [1] (1,203) (1,137)
Proceeds from stock options exercised [1] 109 43
Other financing activities [1] (95) (84)
Net cash provided by (used for) financing activities [1] (39,027) (40,938)
Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted [1] (9,945) (27,358)
Cash and Cash Equivalents, including Amounts Restricted at Beginning of Year [1] 65,514 74,473
Cash and Cash Equivalents, including Amounts Restricted at End of Period [1],[2] 55,569 47,115
Non-cash investing activity:    
Changes in accrued equipment, office facilities, and property purchases [1] 47 (24)
Non-cash financing activity:    
Common stock repurchased during the period but settled after period end [1] 17 0
Cash paid during the period for:    
Interest [1] 2,497 3,568
Income taxes [1] 818 1,067
Amounts included in the measurement of lease liabilities [1] 127 125
Leased assets obtained in exchange for new operating lease liabilities [1] $ 55 $ 110
[1] Certain prior year amounts have been reclassified to conform to the current year presentation. See Note 1 for additional information.
[2] For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 17.