v3.25.4
Collateralized Transactions - Gross Secured Financing Balances (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Gross Secured Financing Balances    
Securities sold under agreements to repurchase $ 429,440 $ 341,137
Securities loaned 84,155 57,009
Total included in the offsetting disclosure 513,595 398,146
Trading liabilities—Obligation to return securities received as collateral 7,329 18,067
Total 520,924 416,213
U.S. government and agency securities    
Gross Secured Financing Balances    
Securities sold under agreements to repurchase 209,470 177,464
Other sovereign government obligations    
Gross Secured Financing Balances    
Securities sold under agreements to repurchase 159,444 135,806
Securities loaned 1,208 1,805
Corporate equities    
Gross Secured Financing Balances    
Securities sold under agreements to repurchase 32,919 14,993
Securities loaned 81,063 54,144
Trading liabilities—Obligation to return securities received as collateral 7,017 18,059
Other    
Gross Secured Financing Balances    
Securities sold under agreements to repurchase 27,607 12,874
Securities loaned 1,884 1,060
Trading liabilities—Obligation to return securities received as collateral 312 8
Overnight and Open    
Gross Secured Financing Balances    
Securities sold under agreements to repurchase 221,938 180,793
Securities loaned 70,433 42,473
Total included in the offsetting disclosure 292,371 223,266
Trading liabilities—Obligation to return securities received as collateral 7,329 18,067
Total 299,700 241,333
Less than 30 Days    
Gross Secured Financing Balances    
Securities sold under agreements to repurchase 122,291 104,551
Securities loaned 0 0
Total included in the offsetting disclosure 122,291 104,551
Trading liabilities—Obligation to return securities received as collateral 0 0
Total 122,291 104,551
30-90 Days    
Gross Secured Financing Balances    
Securities sold under agreements to repurchase 43,737 25,071
Securities loaned 321 317
Total included in the offsetting disclosure 44,058 25,388
Trading liabilities—Obligation to return securities received as collateral 0 0
Total 44,058 25,388
Over 90 Days    
Gross Secured Financing Balances    
Securities sold under agreements to repurchase 41,474 30,722
Securities loaned 13,401 14,219
Total included in the offsetting disclosure 54,875 44,941
Trading liabilities—Obligation to return securities received as collateral 0 0
Total $ 54,875 $ 44,941