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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Income (loss) from continuing operations, net of tax $ (2,257) $ 3,026
Income (loss) from discontinued operations, net of tax (1) 11
Net income (loss) (2,258) 3,037
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Provision for credit losses 9,669 3,035
Depreciation and amortization, net 1,804 1,585
Deferred tax benefit (1,574) (15)
Net securities losses (gains) 0 (39)
Gain on sales of loans (11) (57)
Stock-based compensation expense 74 129
Other (7) 0
Loans held for sale:    
Originations and purchases (4,347) (5,371)
Proceeds from sales and paydowns 4,002 4,869
Changes in operating assets and liabilities:    
Changes in interest receivable 184 70
Changes in other assets 954 1,251
Changes in interest payable (59) (21)
Changes in other liabilities 783 634
Net change from discontinued operations 1 0
Net cash from operating activities 9,215 9,107
Securities available for sale:    
Purchases (14,568) (5,674)
Proceeds from paydowns and maturities 9,113 3,362
Proceeds from sales 144 3,983
Securities held to maturity:    
Purchases 0 (396)
Proceeds from paydowns and maturities 0 1,657
Loans:    
Net changes in loans held for investment 9,797 (3,395)
Principal recoveries of loans previously charged off 1,292 1,323
Net purchases of premises and equipment (342) (396)
Net cash from other investing activities (377) (589)
Net cash from investing activities 5,059 (125)
Financing activities:    
Changes in deposits 41,234 4,513
Issuance of securitized debt obligations 1,248 2,617
Maturities and paydowns of securitized debt obligations (3,593) (4,126)
Issuance of senior and subordinated notes and long-term FHLB advances 3,987 2,646
Maturities and paydowns of senior and subordinated notes and long-term FHLB advances (7,156) (2,751)
Changes in other borrowings (6,759) (9,069)
Common stock:    
Net proceeds from issuances 121 98
Dividends paid (368) (379)
Preferred stock:    
Net proceeds from issuances 1,209 0
Dividends paid (145) (132)
Redemptions (875) 0
Purchases of treasury stock (388) (67)
Proceeds from share-based payment activities 20 0
Net cash from financing activities 28,535 (6,650)
Changes in cash, cash equivalents and restricted cash for securitization investors 42,809 2,332
Cash, cash equivalents and restricted cash for securitization investors, beginning of the period 13,749 13,489
Cash, cash equivalents and restricted cash for securitization investors, end of the period 56,558 15,821
Non-cash items:    
Net transfers from (to) loans held for investment to (from) loans held for sale (36) 1,428
Interest paid 2,088 2,411
Income tax paid $ 137 $ 181