v3.26.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net interest income    
Interest income $ 33,650 $ 31,365
Interest Expense (28,031) (26,263)
Net interest income 5,619 5,102
Non-interest income    
Guarantee income 320 440
Investment gains (losses), net 42 192
Other income 152 118
Non-interest income 514 750
Net revenues 6,133 5,852
(Provision) benefit for credit losses 320 (280)
Non-interest expense    
Salaries and employee benefits (376) (423)
Professional services, technology, and occupancy (250) (253)
Credit enhancement expense (441) (540)
Legislative and regulatory assessments (832) (817)
Other expense (123) (55)
Non-interest expense (2,022) (2,088)
Income before income tax expense 4,431 3,484
Income tax expense (873) (690)
Net income 3,558 2,794
Other Comprehensive Income (Loss), Net of Tax [Abstract]    
Other comprehensive income (loss), net of taxes and reclassification adjustments (20) 34
Comprehensive income 3,538 2,828
Net income 3,558 2,794
Amounts attributable to senior preferred stock (3,538) (2,828)
Net income (loss) attributable to common stockholders $ 20 $ (34)
Net income (loss) per common share - basic (in dollars per share) $ 0.01 $ (0.01)
Net income (loss) per common share - diluted (in dollars per share) $ 0.01 $ (0.01)
Weighted average common shares outstanding - basic (in shares) 3,234 3,234
Weighted average common shares outstanding - diluted (in shares) 3,234 3,234