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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 4,374 $ 3,499
Other short-term investments [1] 19,350 18,876
Available-for-sale debt and other securities (amortized cost of $47,623 and $39,107) 44,466 36,159
Held-to-maturity securities (fair value of $18,258 and $11,404) 18,404 11,368
Trading debt securities 1,853 1,057
Equity securities 495 453
Loans and leases held for sale (includes $698 and $658 of mortgage loans measured at fair value) 866 733
Portfolio loans and leases 178,528 122,651
Allowance for loan and lease losses [1] (2,918) (2,253)
Portfolio loans and leases, net 175,610 120,398
Bank premises and equipment (includes $18 and $9 held for sale) 3,343 2,734
Goodwill 9,990 4,947
Intangible assets 1,253 69
Servicing rights 1,607 1,598
Other assets [1] 18,569 12,485
Total Assets 300,180 214,376
Deposits:    
Noninterest-bearing deposits 63,928 42,647
Interest-bearing deposits 170,213 129,172
Total deposits 234,141 171,819
Short-term borrowings 4,633 926
Accrued taxes, interest and expenses 3,022 2,083
Other liabilities [1] 6,266 4,235
Long-term debt [1] 17,636 13,589
Total Liabilities 265,698 192,652
Equity    
Common stock [2] 2,585 2,051
Preferred stock [3] 2,182 1,770
Capital surplus 15,603 3,831
Retained earnings 25,645 25,488
Accumulated other comprehensive loss (3,286) (3,110)
Treasury stock [2] (8,247) (8,306)
Total Equity 34,482 21,724
Total Liabilities and Equity $ 300,180 $ 214,376
[1] Includes $33 and $38 of other short-term investments, $384 and $554 of portfolio loans and leases, $(7) and $(9) of ALLL, $2 and $3 of other assets, $10 and $11 of other liabilities and $312 and $473 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2026 and December 31, 2025, respectively. For further information, refer to Note 10.
[2] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2026 – 906,572,635 (excludes 257,666,032 treasury shares), December 31, 2025 – 661,197,787 (excludes 262,694,794 treasury shares).
[3] 500,000 shares of no par value preferred stock were authorized at both June 30, 2026 and December 31, 2025. There were 36,000 and 436,000 unissued shares of undesignated no par value preferred stock at June 30, 2026 and December 31, 2025, respectively. Each issued share of no par value preferred stock has a liquidation preference of $25,000, except for the 400,000 issued shares of no par value Series M preferred stock, each of which has a liquidation preference of $1,000. 500,000 shares of no par value Class B preferred stock were authorized at both June 30, 2026 and December 31, 2025. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both June 30, 2026 and December 31, 2025. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.