XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 32,195 [1],[2] $ 42,083
Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $19,557 and $10,075 at June 30, 2025 and December 31, 2024, respectively) 45,568 38,221
Receivables from brokers, dealers, and clearing organizations 4,304 2,440
Receivables from brokerage clients — net 82,785 85,374
Available for sale securities (amortized cost of $72,604 and $89,704 at June 30, 2025 and December 31, 2024, respectively; including assets pledged of $225 and $378, respectively) 67,612 82,994
Held to maturity securities (including assets pledged of $5,160 and $5,920 at June 30, 2025 and December 31, 2024, respectively) 139,684 146,453
Bank loans — net 50,405 45,215
Equipment, office facilities, and property — net 3,197 3,338
Goodwill 11,951 11,951
Acquired intangible assets — net 7,487 7,743
Other assets 13,748 14,031
Total assets 458,936 479,843
Liabilities and Stockholders’ Equity    
Bank deposits 233,058 259,121
Payables to brokers, dealers, and clearing organizations 18,584 13,336
Payables to brokerage clients 109,355 101,559
Accrued expenses and other liabilities 10,808 12,325
Other short-term borrowings 8,472 5,999
Federal Home Loan Bank borrowings 9,000 16,700
Long-term debt 20,208 22,428
Total liabilities 409,485 431,468
Stockholders’ equity:    
Preferred stock — $.01 par value per share; aggregate liquidation preference of $6,871 and $9,329 at June 30, 2025 and December 31, 2024, respectively 6,763 9,191
Additional paid-in capital 27,813 27,639
Retained earnings 40,374 37,568
Treasury stock, at cost — 259,743,035 and 242,977,194 shares at June 30, 2025 and December 31, 2024, respectively (12,929) (11,196)
Accumulated other comprehensive income (loss) (12,591) (14,848)
Total stockholders’ equity 49,451 48,375
Total liabilities and stockholders’ equity 458,936 479,843
Common Stock    
Stockholders’ equity:    
Common stock 21 20
Nonvoting Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 1
[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.