v3.25.4
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Securities purchased under agreements to resell at fair value $ 126,007 $ 179,793
Securities borrowed at fair value 51,581 46,902
Customer and other receivables at fair value 315 23
Available-for-sale securities, amortized cost 99,116 80,777
Other investments, fair value 24,938 25,284
Loans, allowance 2,148 4,666
Loans at fair value 4,905 5,460
Other assets at fair value 180 194
Deposits at fair value 76,569 44,855
Securities loaned at fair value 11,995 10,246
Other secured financings at fair value 27,833 27,985
Unsecured short-term borrowing at fair value 59,758 50,367
Unsecured long-term borrowings at fair value 112,683 89,189
Other liabilities at fair value 111 84
Preferred stock, liquidation preference $ 15,153 $ 13,253
Common stock, shares issued (in shares) 931,995,446 927,499,667
Common stock, shares outstanding (in shares) 296,476,742 310,653,708
Stock held in treasury (in shares) 635,518,706 616,845,961
Pledged to counterparties that had the right to deliver or repledge | Repurchase agreements    
Trading assets, at fair value pledged as collateral $ 158,641 $ 148,417