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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net Revenues      
Interest revenue $ 12,227 $ 8,506 $ 6,531
Interest expense (1,545) (476) (418)
Net interest revenue 10,682 8,030 6,113
Other 782 749 332
Total net revenues 20,762 18,520 11,691
Expenses Excluding Interest      
Compensation and benefits 5,936 5,450 3,954
Professional services 1,032 994 843
Occupancy and equipment 1,175 976 703
Advertising and market development 419 485 326
Communications 588 587 353
Depreciation and amortization 652 549 414
Amortization of acquired intangible assets 596 615 190
Regulatory fees and assessments 262 275 163
Other 714 876 445
Total expenses excluding interest 11,374 10,807 7,391
Income before taxes on income 9,388 7,713 4,300
Taxes on income 2,205 1,858 1,001
Net Income 7,183 5,855 3,299
Preferred stock dividends and other 548 495 256
Net Income Available to Common Stockholders $ 6,635 $ 5,360 $ 3,043
Weighted-Average Common Shares Outstanding:      
Basic (in shares) 1,885 1,887 1,429
Diluted (in shares) 1,894 1,897 1,435
Earnings Per Common Shares Outstanding      
Basic (USD per share) [1] $ 3.52 $ 2.84 $ 2.13
Diluted (USD per share) [1] $ 3.50 $ 2.83 $ 2.12
Asset management and administration fees [Member]      
Net Revenues      
Revenues from contracts with customers [2] $ 4,216 $ 4,274 $ 3,475
Trading revenue [Member]      
Net Revenues      
Revenues from contracts with customers 3,673 4,152 1,416
Bank deposit account fees [Member]      
Net Revenues      
Revenues from contracts with customers $ 1,409 $ 1,315 $ 355
[1] he Company has voting and nonvoting common stock outstanding. As the participation rights, including dividend and liquidation rights, are identical between the voting and nonvoting stock classes, basic and diluted earnings per share are the same for each class. See Notes 19 and 25 for additional information.
[2] Includes fee waivers of $57 million, $326 million, and $127 million for the years ended December 31, 2022, 2021, and 2020, respectively.