v3.26.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Series D Preferred Stock
Series E Preferred Stock
Series F Preferred Stock
Series G Preferred Stock
Series H Preferred Stock
Preferred Stock
Common Shares
Capital Surplus
Retained Earnings
Retained Earnings
Series D Preferred Stock
Retained Earnings
Series E Preferred Stock
Retained Earnings
Series F Preferred Stock
Retained Earnings
Series G Preferred Stock
Retained Earnings
Series H Preferred Stock
Treasury Stock, at Cost
Accumulated Other Comprehensive Income (Loss)
Beginning balance, Preferred Shares (in shares) at Dec. 31, 2024             1,996,000                    
Beginning balance, Common Shares (in shares) at Dec. 31, 2024               1,106,786,000                  
Beginning balance at Dec. 31, 2024 $ 18,176           $ 2,500 $ 1,257 $ 6,038 $ 14,584           $ (2,733) $ (3,470)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income (loss) 830                 830              
Other comprehensive income (loss) 969                               969
Deferred compensation (1)               (1)                
Cash dividends declared                                  
Cash dividends declared on common shares (456)                 (456)              
Cash dividends declared on preferred stock   $ (13) $ (15) $ (12) $ (13) $ (19)         $ (13) $ (15) $ (12) $ (13) $ (19)    
Employee equity compensation program Common Share repurchases (in shares)               (1,961,000)                  
Employee equity compensation program Common Share repurchases (35)                             (35)  
Common Shares reissued (returned) for stock options and other employee benefit plans (in shares)               7,628,000                  
Common Shares reissued (returned) for stock options and other employee benefit plans 73               (66)             139  
Ending balance, Preferred Shares (in shares) at Jun. 30, 2025             1,996,000                    
Ending balance, Common Shares (in shares) at Jun. 30, 2025               1,112,453,000                  
Ending balance at Jun. 30, 2025 19,484           $ 2,500 $ 1,257 5,971 14,886           (2,629) (2,501)
Cash dividends declared                                  
Cash dividends declared on preferred stock (in usd per share)   $ 25.00 $ 0.766 $ 0.706 $ 0.703 $ 0.775                      
Beginning balance, Preferred Shares (in shares) at Mar. 31, 2025             1,996,000                    
Beginning balance, Common Shares (in shares) at Mar. 31, 2025               1,111,986,000                  
Beginning balance at Mar. 31, 2025 19,003           $ 2,500 $ 1,257 5,946 14,724           (2,637) (2,787)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income (loss) 425                 425              
Other comprehensive income (loss) 286                               286
Cash dividends declared                                  
Cash dividends declared on common shares (227)                 (227)              
Cash dividends declared on preferred stock   $ (6) $ (7) $ (6) $ (7) $ (10)         (6) (7) (6) (7) (10)    
Employee equity compensation program Common Share repurchases (in shares)               (3,000)                  
Employee equity compensation program Common Share repurchases 0                             0  
Common Shares reissued (returned) for stock options and other employee benefit plans (in shares)               470,000                  
Common Shares reissued (returned) for stock options and other employee benefit plans 33               25             8  
Ending balance, Preferred Shares (in shares) at Jun. 30, 2025             1,996,000                    
Ending balance, Common Shares (in shares) at Jun. 30, 2025               1,112,453,000                  
Ending balance at Jun. 30, 2025 19,484           $ 2,500 $ 1,257 5,971 14,886           (2,629) (2,501)
Cash dividends declared                                  
Cash dividends declared on preferred stock (in usd per share)   $ 12.50 $ 0.382813 $ 0.353125 $ 0.351563 $ 0.387500                      
Beginning balance, Preferred Shares (in shares) at Dec. 31, 2025             1,996,000                    
Beginning balance, Common Shares (in shares) at Dec. 31, 2025               1,102,401,000                  
Beginning balance at Dec. 31, 2025 20,381           $ 2,500 $ 1,257 6,035 15,359           (2,810) (1,960)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income (loss) 1,031                 1,031              
Other comprehensive income (loss) (394)                               (394)
Deferred compensation (1)               (1)                
Cash dividends declared                                  
Cash dividends declared on common shares (445)                 (445)              
Cash dividends declared on preferred stock   $ (13) $ (15) $ (12) $ (13) $ (19)         (13) (15) (12) (13) (19)    
Common Share repurchases (in shares) [1]               (33,500,000)                  
Common Share repurchases [1] (727)                             (727)  
Excise tax on share repurchases (6)                             (6)  
Employee equity compensation program Common Share repurchases (in shares)               (2,170,000)                  
Employee equity compensation program Common Share repurchases (47)                             (47)  
Common Shares reissued (returned) for stock options and other employee benefit plans (in shares)               5,304,000                  
Common Shares reissued (returned) for stock options and other employee benefit plans 78               (20)             98  
Ending balance, Preferred Shares (in shares) at Jun. 30, 2026   21,000 500,000 425,000 450,000 600,000 1,996,000                    
Ending balance, Common Shares (in shares) at Jun. 30, 2026               1,072,035,000                  
Ending balance at Jun. 30, 2026 19,798           $ 2,500 $ 1,257 6,014 15,873           (3,492) (2,354)
Cash dividends declared                                  
Cash dividends declared on preferred stock (in usd per share)   $ 25.00 $ 0.766 $ 0.706 $ 0.703 $ 0.775                      
Beginning balance, Preferred Shares (in shares) at Mar. 31, 2026             1,996,000                    
Beginning balance, Common Shares (in shares) at Mar. 31, 2026               1,087,293,000                  
Beginning balance at Mar. 31, 2026 19,987           $ 2,500 $ 1,257 5,981 15,622           (3,152) (2,221)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income (loss) 509                 509              
Other comprehensive income (loss) (133)                               (133)
Deferred compensation 1               1                
Cash dividends declared                                  
Cash dividends declared on common shares $ (222)                 (222)              
Cash dividends declared on preferred stock   $ (7) $ (6) $ (6) $ (6) $ (11)         $ (7) $ (6) $ (6) $ (6) $ (11)    
Common Share repurchases (in shares) (16,000,000)             (15,531,000)                  
Common Share repurchases $ (341)                             (341)  
Excise tax on share repurchases (3)                             (3)  
Employee equity compensation program Common Share repurchases (in shares)               (6,000)                  
Employee equity compensation program Common Share repurchases (1)                             (1)  
Common Shares reissued (returned) for stock options and other employee benefit plans (in shares)               279,000                  
Common Shares reissued (returned) for stock options and other employee benefit plans 37               32             5  
Ending balance, Preferred Shares (in shares) at Jun. 30, 2026   21,000 500,000 425,000 450,000 600,000 1,996,000                    
Ending balance, Common Shares (in shares) at Jun. 30, 2026               1,072,035,000                  
Ending balance at Jun. 30, 2026 $ 19,798           $ 2,500 $ 1,257 $ 6,014 $ 15,873           $ (3,492) $ (2,354)
Cash dividends declared                                  
Cash dividends declared on preferred stock (in usd per share)   $ 12.50 $ 0.382813 $ 0.353125 $ 0.351563 $ 0.387500                      
[1] Includes open market repurchases and shares purchased pursuant to the share repurchase agreement with Scotiabank.