7Baggers
Quarterly
Annual
    Unit: USD2028-09-30 2023-09-30 2021-12-31 2021-09-30 2020-12-31 2020-09-30 
      
    		      
      operating activities:
    		      
      net income
    		861,000,000 690,000,000 697,000,000 714,000,000 537,000,000 555,000,000 
      adjustments to reconcile net income to net cash from operating activities:
    		      
      deferred income tax
    		1,000,000 -63,000,000 -110,000,000 -37,000,000   
      amortization of other intangible assets
    		56,000,000 58,000,000 62,000,000 62,000,000 59,000,000 59,000,000 
      other non-cash adjustments for depreciation, amortization and accretion
    		103,000,000 138,000,000 297,000,000 315,000,000 2,069,000,000 -1,361,000,000 
      (gains) losses related to investment securities
    		      
      benefit from credit losses
    		9,000,000 0 -7,000,000 -2,000,000   
      change in trading account assets
    		-93,000,000 43,000,000 -37,000,000 0 25,000,000 43,000,000 
      change in accrued interest and fees receivable
    		112,000,000 -123,000,000 129,000,000 -48,000,000 187,000,000 -57,000,000 
      change in collateral deposits
    		11,222,000,000 2,902,000,000 61,000,000 -1,203,000,000 -4,320,000,000 1,203,000,000 
      change in unrealized losses on foreign exchange derivatives
    		      
      change in other assets
    		-2,000,000 2,079,000,000 412,000,000 1,723,000,000 -976,000,000 414,000,000 
      change in accrued expenses and other liabilities
    		-2,650,000,000 -1,477,000,000 -2,042,000,000 -503,000,000 -696,000,000 -3,968,000,000 
      other
    		61,000,000 98,000,000 140,000,000 26,000,000 -22,000,000 76,000,000 
      net cash from operating activities
    		7,901,000,000 4,467,000,000 4,227,000,000 388,000,000 3,376,000,000 -5,219,000,000 
      investing activities:
    		      
      net increase in interest-bearing deposits with banks
    		-3,806,000,000  1,195,000,000 5,794,000,000   
      net increase in securities purchased under resale agreements
    		545,000,000  -165,000,000 1,150,000,000   
      proceeds from sales of available-for-sale securities
    		2,390,000,000 53,000,000 3,570,000,000 2,398,000,000 400,000,000 159,000,000 
      proceeds from maturities of available-for-sale securities
    		7,649,000,000 4,775,000,000 7,203,000,000 5,191,000,000 7,387,000,000 6,110,000,000 
      purchases of available-for-sale securities
    		-9,452,000,000 -1,878,000,000 -13,778,000,000 -11,407,000,000 -7,529,000,000 -13,583,000,000 
      proceeds from maturities of held-to-maturity securities
    		2,376,000,000 2,177,000,000 3,022,000,000 4,678,000,000 4,316,000,000 4,822,000,000 
      purchases of held-to-maturity securities
    		 -3,353,000,000 -2,599,000,000 -2,914,000,000 -4,987,000,000 -4,997,000,000 
      sale of loans
    		37,000,000 174,000,000 108,000,000 24,000,000   
      net increase in loans
    		566,000,000      
      business acquisitions, net of cash acquired
    		  0 -89,000,000   
      purchases of equity investments and other long-term assets
    		-101,000,000 -26,000,000 -94,000,000 -16,000,000 -199,000,000 -427,000,000 
      purchases of premises and equipment
    		-243,000,000 -210,000,000 -255,000,000 -197,000,000 -136,000,000 -153,000,000 
      net cash from investing activities
    		57,000,000 -5,335,000,000 -1,694,000,000 2,610,000,000  12,173,000,000 
      financing activities:
    		      
      net decrease in time deposits
    		1,164,000,000      
      net increase in all other deposits
    		-4,188,000,000 -4,202,000,000 -5,616,000,000 -4,497,000,000 40,605,000,000 -900,000,000 
      net increase in securities sold under repurchase agreements
    		-2,171,000,000  938,000,000 -20,000,000   
      net increase in other short-term borrowings
    		-19,000,000   -86,000,000 -6,481,000,000 3,843,000,000 
      proceeds from issuance of long-term debt, net of issuance costs
    		0 746,000,000 499,000,000 0 -8,000,000 0 
      payments for long-term debt and obligations under finance leases
    		-1,314,000,000 20,000,000 87,000,000 -8,000,000 -1,700,000,000 -8,000,000 
      payments for redemption of preferred stock
    		  0 0 0 0 
      proceeds from issuance of preferred stock, net of issuance costs
    		0      
      repurchases of common stock
    		-400,000,000  0 0 0 0 
      repurchases of common stock for employee tax withholding
    		-16,000,000  -33,000,000 0 -12,000,000 -14,000,000 
      payments for cash dividends
    		-275,000,000 -230,000,000 -243,000,000 -199,000,000 -223,000,000 -221,000,000 
      net cash from financing activities
    		-7,222,000,000 101,000,000 -3,508,000,000 -3,011,000,000 34,655,000,000  
      net increase in cash and due from banks
    		736,000,000      
      cash and due from banks at beginning of period
    		0 0 0 0 0 0 
      cash and due from banks at end of period
    		736,000,000 -767,000,000 -975,000,000 -13,000,000 -1,381,000,000 1,163,000,000 
      supplemental disclosure:
    		      
      interest paid
    		2,306,000,000      
      income taxes paid
    		82,000,000      
      standard
    		      
      asu 2025-06, intangibles-goodwill and other-internal-use software (subtopic 350-40): targeted improvements to the accounting for internal-use software
    		      
      asu 2024-03, income statement (subtopic 220-40): reporting comprehensive income - expense disaggregation disclosures
    		      
      asu 2023-09, income taxes (topic 740): improvements to income tax disclosures
    		      
      change in unrealized losses (gains) on foreign exchange derivatives
    		 122,000,000 4,683,000,000 -660,000,000 6,586,000,000 -2,145,000,000 
      losses related to investment securities
    		      
      net cash (used in) operating activities
    		      
      net increase in time deposits
    		   -101,000,000 1,680,000,000 -2,049,000,000 
      asu 2023-07, segment reporting (topic 280): improvements to reportable segment disclosures
    		      
      losses (gains) related to investment securities
    		 0 -58,000,000  -2,000,000 0 
      net decrease in interest-bearing deposits with banks
    		 -7,839,000,000     
      net decrease in securities purchased under resale agreements
    		      
      proceeds from maturities of held-to-maturity securities under the mmlf program
    		  0 0 1,527,000,000 6,443,000,000 
      net (increase) in loans
    		 -3,149,000,000 94,000,000 -2,054,000,000  -174,000,000 
      divestitures
    		  0 0   
      net (decrease) in time deposits
    		 529,000,000     
      net (decrease) in short-term borrowings under money market liquidity facility
    		      
      net (decrease) in other short-term borrowings
    		 35,000,000     
      proceeds from issuance of common stock, net of issuance costs
    		  0    
      net increase
    		 -767,000,000 -975,000,000 -13,000,000 -1,381,000,000 1,163,000,000 
      asu 2022-02, financial instruments—credit losses (topic 326): troubled debt restructurings and vintage disclosures
    		      
      asu 2022-01, derivatives and hedging (topic 815): fair value hedging—portfolio layer method
    		      
      net (increase) in securities purchased under resale agreements
    		      
      net (decrease) in securities sold under repurchase agreements
    		      
      net decrease (increase) in interest-bearing deposits with banks
    		     14,232,000,000 
      purchases of held-to-maturity securities under the mmlf program
    		    0 0 
      net increase in short-term borrowings under money market liquidity facility
    		  0 0 -1,517,000,000 -6,442,000,000 
      fair value
    		      
      investment securities
    		      
      loans and allowance for credit losses
    		      
      goodwill and other intangible assets
    		      
      derivative financial instruments
    		      
      offsetting arrangements
    		      
      contingencies
    		      
      variable interest entities
    		      
      equity-based compensation
    		      
      income taxes
    		      
      earnings per common share
    		      
      revenue from contracts with customers
    		      
      loans
    		      
      assets:
    		      
      trading account assets:
    		      
      u.s. government securities
    		   0   
      non-u.s. government securities
    		      
      total trading account assets
    		   0   
      available-for-sale investment securities:
    		      
      u.s. treasury and federal agencies:
    		      
      direct obligations
    		   1,435,000,000   
      mortgage-backed securities
    		      
      total u.s. treasury and federal agencies
    		   1,435,000,000   
      non-u.s. debt securities:
    		      
      asset-backed securities
    		      
      non-u.s. sovereign, supranational and non-u.s. agency
    		      
      total non-u.s. debt securities
    		      
      asset-backed securities:
    		      
      student loans
    		      
      collateralized loan obligations
    		      
      non-agency cmbs and rmbs
    		      
      total asset-backed securities
    		      
      state and political subdivisions
    		      
      other u.s. debt securities
    		      
      total available-for-sale investment securities
    		   1,435,000,000   
      other assets:
    		      
      derivative instruments:
    		      
      foreign exchange contracts
    		      
      interest rate contracts
    		   3,000,000   
      total derivative instruments
    		   2,000,000   
      total assets carried at fair value
    		   1,418,000,000   
      liabilities:
    		      
      accrued expenses and other liabilities:
    		      
      other derivative contracts
    		      
      total liabilities carried at fair value
    		   -1,000,000   
      foreign sovereign, supranational and non-u.s. agency
    		      
      net (increase) in loans and leases
    		      
      net cash (used in) by investing activities
    		      
      deferred income tax expense
    		     -38,000,000 
      net decrease (increase) in securities purchased under resale agreements
    		     -473,000,000 
      credit cards
    		      
      government securities
    		      
      collateralized mortgage obligations
    		      
      trading account liabilities:
    		      
      net cash (used in) financing activities
    		      
      •
    		      
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.