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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income (loss) $ 1,432 $ (52)
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses (479) 1,255
Depreciation, amortization and accretion, net 195 228
Securities losses, net (2) (1)
Deferred income tax expense (benefit) 180 (242)
Originations and purchases of loans held for sale (3,516) (2,918)
Proceeds from sales of loans held for sale 4,143 2,517
(Gain) loss on sale of loans, net (123) (97)
Gain (Loss) on Extinguishment of Debt 0 6
Net change in operating assets and liabilities:    
Other earning assets (40) 305
Interest receivable and other assets (313) 55
Other liabilities (128) 489
Other 79 99
Net cash from operating activities 1,428 1,644
Investing activities:    
Proceeds from maturities of debt securities held to maturity 129 76
Proceeds from sales of debt securities available for sale 45 102
Proceeds from maturities of debt securities available for sale 2,961 1,909
Purchases of debt securities available for sale (5,790) (2,352)
Net proceeds from (payments for) bank-owned life insurance 1 (4)
Proceeds from sales of loans 203 141
Purchases of loans (548) (895)
Purchases of mortgage servicing rights (37) (16)
Net change in loans 1,594 (4,902)
Net purchases of other assets (37) (88)
Payment for acquisition of a business, net of cash received 0 (387)
Net cash from investing activities (1,479) (6,416)
Financing activities:    
Net change in deposits 9,005 19,304
Net change in short-term borrowings 0 (2,050)
Proceeds from long-term borrowings 0 4,698
Payments on long-term borrowings (674) (8,088)
Net proceeds from issuance of preferred stock 390 346
Payments for Repurchase of Preferred Stock and Preference Stock (500) 0
Cash dividends on common stock (298) (298)
Cash dividends on preferred stock (57) (46)
Repurchases of common stock (167) 0
Taxes paid related to net share settlement of equity awards (10) (7)
Other 0 (3)
Net cash from financing activities 7,689 13,856
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 7,638 9,084
Cash and cash equivalents at beginning of year 17,956 4,114
Cash and cash equivalents at end of period $ 25,594 $ 13,198