v3.24.4
Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 11,685 $ 8,856
Restricted cash 43 41
Investment securities (includes available-for-sale securities of $13,402 and $11,987 reported at fair value with associated amortized cost of $13,451 and $12,167 at December 31, 2023 and 2022, respectively) 13,655 12,208
Loan receivables    
Loan receivables 128,409 112,120
Allowance for credit losses (9,283) (7,374)
Net loan receivables 119,126 104,746
Premises and equipment, net 1,091 1,003
Goodwill 255 255
Other assets 5,858 4,742
Total assets 151,713 131,851
Deposits    
Interest-bearing deposit accounts 107,493 90,151
Non-interest-bearing deposit accounts 1,438 1,485
Total deposits 108,931 91,636
Short-term borrowings 750 0
Long-term borrowings 20,581 20,108
Accrued expenses and other liabilities 7,216 6,212
Total liabilities 137,478 117,956
Commitments, contingencies and guarantees (Notes 15, 18 and 19)
Stockholders’ Equity    
Common stock, par value $0.01 per share; 2,000,000,000 shares authorized; 570,837,720 and 569,689,007 shares issued at December 31, 2023 and 2022, respectively 6 6
Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; 10,700 shares issued and outstanding at December 31, 2023 and 2022, respectively 1,056 1,056
Additional paid-in capital 4,553 4,468
Retained earnings 29,855 27,758
Accumulated other comprehensive loss (225) (339)
Treasury stock, at cost; 320,734,860 and 302,305,216 shares at December 31, 2023 and 2022, respectively (21,010) (19,054)
Total stockholders’ equity 14,235 13,895
Total liabilities and stockholders’ equity 151,713 131,851
Variable Interest Entity, Primary Beneficiary [Member]    
Assets    
Restricted cash 43 41
Loan receivables    
Loan receivables 30,590 25,937
Allowance for credit losses (1,347) (1,152)
Other assets 3 3
Short- and long-term borrowings 11,743 10,259
Deposits    
Accrued expenses and other liabilities $ 19 $ 14