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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net income [1] $ 6,393 $ 4,102
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Share-based compensation [1] 259 267
Depreciation and amortization [1] 644 692
Amortization of acquired intangible assets [1] 385 389
Provision (benefit) for deferred income taxes [1] 397 (163)
Premium amortization, net, on available for sale and held to maturity securities [1] 524 618
Other [1] 525 370
Net change in:    
Investments segregated and on deposit for regulatory purposes [1] (8,671) (818)
Receivables from brokers, dealers, and clearing organizations [1] (2,288) (119)
Receivables from brokerage clients [1] (8,509) (5,387)
Other assets [1] (1,038) 288
Payables to brokers, dealers, and clearing organizations [1] 9,071 9,776
Payables to brokerage clients [1] 13,838 4,378
Accrued expenses and other liabilities [1] (1,456) (896)
Net cash provided by (used for) operating activities [1] 10,074 13,497
Cash Flows from Investing Activities    
Purchases of available for sale securities [1] (2,746) (2,250)
Proceeds from sales of available for sale securities [1] 5,411 2,929
Principal payments on available for sale securities [1] 20,405 19,582
Purchases of held to maturity securities [1] (676) 0
Principal payments on held to maturity securities [1] 11,707 10,888
Net change in bank loans [1] (8,426) (2,935)
Purchases of equipment, office facilities, and property [1] (390) (366)
Purchases of FHLB stock [1] (589) (786)
Proceeds from sales of FHLB stock [1] 1,262 1,005
Purchases of Federal Reserve stock [1] (9) (134)
Proceeds from sales of Federal Reserve stock [1] 8 0
Other investing activities [1] (268) (236)
Net cash provided by (used for) investing activities [1] 25,689 27,697
Cash Flows from Financing Activities    
Net change in bank deposits [1] (20,064) (43,491)
Proceeds from FHLB borrowings [1] 16,760 20,001
Repayments of FHLB borrowings [1] (32,610) (23,801)
Proceeds from other short-term borrowings [1] 27,528 18,225
Repayments of other short-term borrowings [1] (27,023) (14,185)
Repayments of long-term debt [1] (2,243) (3,676)
Redemption of preferred stock [1] (2,458) 0
Repurchases of common stock and nonvoting common stock [1] (4,581) 0
Dividends paid [1] (1,765) (1,700)
Proceeds from stock options exercised [1] 141 53
Other financing activities [1] (97) (90)
Net cash provided by (used for) financing activities [1] (46,412) (48,664)
Increase (Decrease) in Cash and Cash Equivalents, including Amounts Restricted [1] (10,649) (7,470)
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] 54,865 67,003
Non-cash investing activity:    
Changes in accrued equipment, office facilities, and property purchases [1] 54 (17)
Non-cash financing activity:    
Common stock repurchased during the period but settled after period end [1] 20 0
Cash paid during the period for:    
Interest [1] 3,572 5,213
Income taxes [1] 955 1,313
Amounts included in the measurement of lease liabilities [1] 186 193
Leased assets obtained in exchange for new operating lease liabilities [1] $ 239 $ 126
[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.