v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents (including resale agreements of $6,400 at March 31, 2026) $ 44,975 [1] $ 46,030
Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $18,010 and $16,901 at March 31, 2026 and December 31, 2025, respectively) 39,778 42,931
Receivables from brokers, dealers, and clearing organizations 11,808 7,190
Receivables from brokerage clients — net 106,211 104,660
Available for sale securities (amortized cost of $64,950 and $66,225 at March 31, 2026 and December 31, 2025, respectively; including assets pledged of $648 and $281, respectively) 61,090 62,357
Held to maturity securities (including assets pledged of $2,578 and $1,270 at March 31, 2026 and December 31, 2025, respectively) 131,671 133,969
Bank loans — net 60,872 57,955
Equipment, office facilities, and property — net 3,065 3,091
Goodwill 12,298 11,951
Acquired intangible assets — net 7,413 7,233
Other assets 14,138 13,628
Total assets 493,319 490,995
Liabilities and Stockholders’ Equity    
Bank deposits 253,041 255,747
Payables to brokers, dealers, and clearing organizations 28,107 25,689
Payables to brokerage clients 117,986 116,341
Accrued expenses and other liabilities 11,979 12,831
Other short-term borrowings 12,486 6,913
Federal Home Loan Bank borrowings 0 1,850
Long-term debt 20,486 22,199
Total liabilities 444,085 441,570
Stockholders’ equity:    
Preferred stock — $.01 par value per share; aggregate liquidation preference of $6,871 at March 31, 2026 and December 31, 2025 6,763 6,763
Additional paid-in capital 28,047 27,996
Retained earnings 45,912 44,065
Treasury stock, at cost — 336,068,055 and 315,863,800 shares at March 31, 2026 and December 31, 2025, respectively (20,752) (18,437)
Accumulated other comprehensive loss (10,757) (10,983)
Total stockholders’ equity 49,234 49,425
Total liabilities and stockholders’ equity 493,319 490,995
Common stock    
Stockholders’ equity:    
Common stock 21 21
Nonvoting common stock    
Stockholders’ equity:    
Common stock $ 0 $ 0
[1] For more information on the nature of restrictions on restricted cash and cash equivalents, see Note 18.