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Fair Value Option (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Option
Borrowings Measured at Fair Value on a Recurring Basis
$ in millionsAt
September 30,
2025		At
December 31,
2024
Business Unit Responsible for Risk Management
Equity$61,119 $49,144 
Interest rates45,095 34,451 
Commodities13,873 14,829 
Credit5,341 3,306 
Foreign exchange1,857 1,602 
Total$127,285 $103,332 
Net Revenues from Liabilities under the Fair Value Option
$ in millions
Trading Revenues
Interest Expense
Net Revenues1
Three Months Ended September 30, 2025
Borrowings$(3,101)$267 $(3,368)
Deposits(91)63 (154)
Three Months Ended September 30, 2024
Borrowings$(6,993)$175 $(7,168)
$ in millions
Trading Revenues
Interest Expense
Net Revenues1
Nine Months Ended September 30, 2025
Borrowings$(10,866)$708 $(11,574)
Deposits(216)170 (386)
Nine Months Ended September 30, 2024
Borrowings$(6,158)$474 $(6,632)
1.Amounts do not reflect any gains or losses from related economic hedges.
Gains (Losses) Due to Changes in Instrument-Specific Credit Risk
 Three Months Ended September 30,
 20252024
$ in millionsTrading RevenuesOCITrading RevenuesOCI
Loans and other receivables1
$46 $— $(15)$— 
Lending commitments(1)— (3)— 
Deposits— (27)— (3)
Borrowings(5)(1,093)(4)(227)
 Nine Months Ended September 30,
 20252024
$ in millionsTrading
Revenues		OCITrading
Revenues		OCI
Loans and other receivables1
$(5)$— $(13)$— 
Lending commitments(3)— (4)— 
Deposits— 38 — 8 
Borrowings(17)(943)(21)(617)
$ in millionsAt
September 30,
2025		At
December 31,
2024
Cumulative pre-tax DVA gain (loss) recognized in AOCI$(3,773)$(2,868)
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 Value1
$ in millionsAt
September 30,
2025		At
December 31,
2024
Loans and other receivables2
$11,021 $10,207 
Nonaccrual loans2
8,401 7,719 
Borrowings3
3,235 3,249 
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.
$ in millionsAt
September 30,
2025		At
December 31,
2024
Nonaccrual loans$1,159 $647 
Nonaccrual loans 90 or more days past due157 155