|
Condensed Consolidated Statements of Financial Condition (USD $) In Millions, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Assets |
|
|
| Cash and cash equivalents |
$ 11,814 |
$ 7,284 |
| Restricted cash |
109 |
106 |
| Investment securities (includes $2,663 and $3,847 at fair value at March 31, 2015 and December 31, 2014, respectively) |
2,778 |
3,949 |
| Loan receivables: |
|
|
| Loan receivables (includes $180 and $122 at fair value at March 31, 2015 and December 31, 2014, respectively) |
67,648 |
69,969 |
| Allowance for loan losses |
(1,776) |
(1,746) |
| Net loan receivables |
65,872 |
68,223 |
| Premises and equipment, net |
678 |
670 |
| Goodwill |
257 |
257 |
| Intangible assets, net |
175 |
176 |
| Other assets |
2,495 |
2,461 |
| Total assets |
84,178 |
83,126 |
| Deposits: |
|
|
| Interest-bearing deposit accounts |
46,124 |
45,792 |
| Non-interest bearing deposit accounts |
303 |
297 |
| Total deposits |
46,427 |
46,089 |
| Short-term borrowings |
166 |
113 |
| Long-term borrowings |
22,924 |
22,544 |
| Accrued expenses and other liabilities |
3,450 |
3,246 |
| Total liabilities |
72,967 |
71,992 |
| Commitments, contingencies and guarantees (Notes 8, 11 and 12) |
|
|
| Stockholders’ Equity: |
|
|
| Common stock, par value $0.01 per share; 2,000,000,000 shares authorized; 560,542,486 and 558,194,324 shares issued at March 31, 2015 and December 31, 2014, respectively |
5 |
5 |
| Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; 575,000 shares issued and outstanding and aggregate liquidation preference of $575 at March 31, 2015 and December 31, 2014 |
560 |
560 |
| Additional paid-in capital |
3,841 |
3,790 |
| Retained earnings |
11,936 |
11,467 |
| Accumulated other comprehensive loss |
(161) |
(138) |
| Treasury stock, at cost; 115,973,061 and 109,006,038 shares at March 31, 2015 and December 31, 2014, respectively |
(4,970) |
(4,550) |
| Total stockholders’ equity |
11,211 |
11,134 |
| Total liabilities and stockholders’ equity |
84,178 |
83,126 |
| Variable Interest Entity, Primary Beneficiary [Member] |
|
|
| Assets |
|
|
| Restricted cash |
104 |
102 |
| Loan receivables: |
|
|
| Loan receivables (includes $180 and $122 at fair value at March 31, 2015 and December 31, 2014, respectively) |
30,226 |
32,304 |
| Allowance for loan losses |
(826) |
(833) |
| Other assets |
37 |
37 |
| Deposits: |
|
|
| Long-term borrowings |
17,269 |
17,395 |
| Accrued expenses and other liabilities |
$ 11 |
$ 11 |