v3.26.3
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-In Capital
Retained Earnings
AOCI
Beginning balance (in shares) at Dec. 31, 2024   1,315,936        
Beginning balance at Dec. 31, 2024 $ 63,679 $ 6,580 $ 5,907 $ 35,628 $ 23,777 $ (8,213)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 3,953       3,953  
OCI 1,840         1,840
Issued in connection with equity awards, net (in shares)   5,873        
Issued in connection with equity awards, net (35) $ 29   (54)    
Issued in connection with equity awards, net         (10)  
Repurchase of common stock, including excise tax (in shares)   (42,563)        
Repurchase of common stock, including excise tax (1,765) $ (213)   (1,552)    
Cash dividends declared on common stock (2,014)       (2,014)  
Cash dividends declared on preferred stock (268)       (268)  
Equity-based compensation expense 256     256    
Ending balance (in shares) at Sep. 30, 2025   1,279,246        
Ending balance at Sep. 30, 2025 65,646 $ 6,396 5,907 34,278 25,438 (6,373)
Beginning balance (in shares) at Jun. 30, 2025   1,289,435        
Beginning balance at Jun. 30, 2025 64,840 $ 6,447 5,907 34,620 24,759 (6,893)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,452       1,452  
OCI 520         520
Issued in connection with equity awards, net (in shares)   910        
Issued in connection with equity awards, net 30 $ 5   29    
Issued in connection with equity awards, net         (4)  
Repurchase of common stock, including excise tax (in shares)   (11,099)        
Repurchase of common stock, including excise tax (505) $ (56)   (449)    
Cash dividends declared on common stock (665)       (665)  
Cash dividends declared on preferred stock (104)       (104)  
Equity-based compensation expense 78     78    
Ending balance (in shares) at Sep. 30, 2025   1,279,246        
Ending balance at Sep. 30, 2025 $ 65,646 $ 6,396 5,907 34,278 25,438 (6,373)
Beginning balance (in shares) at Dec. 31, 2025 1,262,470 1,262,470        
Beginning balance at Dec. 31, 2025 $ 65,189 $ 6,312 4,916 33,663 26,067 (5,769)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 3,833       3,833  
OCI (2,503)         (2,503)
Issued in connection with equity awards, net (in shares)   5,876        
Issued in connection with equity awards, net (91) $ 29   (111)    
Issued in connection with equity awards, net         (9)  
Repurchase of common stock, including excise tax (in shares)   (69,858)        
Repurchase of common stock, including excise tax (3,567) $ (349)   (3,218)    
Issuance of preferred stock 495   495      
Cash dividends declared on common stock (1,910)       (1,910)  
Cash dividends declared on preferred stock (253)       (253)  
Equity-based compensation expense $ 279     279    
Ending balance (in shares) at Sep. 30, 2026 1,198,488 1,198,488        
Ending balance at Sep. 30, 2026 $ 61,472 $ 5,992 5,411 30,613 27,728 (8,272)
Beginning balance (in shares) at Jun. 30, 2026   1,221,626        
Beginning balance at Jun. 30, 2026 64,095 $ 6,108 5,411 31,616 27,676 (6,716)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 799       799  
OCI (1,556)         (1,556)
Issued in connection with equity awards, net (in shares)   143        
Issued in connection with equity awards, net (5)     (2)    
Issued in connection with equity awards, net         (3)  
Repurchase of common stock, including excise tax (in shares)   (23,281)        
Repurchase of common stock, including excise tax (1,212) $ (116)   (1,096)    
Cash dividends declared on common stock (629)       (629)  
Cash dividends declared on preferred stock (115)       (115)  
Equity-based compensation expense $ 95     95    
Ending balance (in shares) at Sep. 30, 2026 1,198,488 1,198,488        
Ending balance at Sep. 30, 2026 $ 61,472 $ 5,992 $ 5,411 $ 30,613 $ 27,728 $ (8,272)