Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of earnings per share basic and diluted

The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the years ended December 31, 2022, 2021 and 2020.

Year ended December 31, (in millions, except per share amounts)	2022		2021		2020
Basic earnings per share
Net income	$	37,676	$	48,334	$	29,131
Less: Preferred stock dividends	1,595		1,600		1,583
Net income applicable to common equity	36,081		46,734		27,548
Less: Dividends and undistributed earnings allocated to participating securities	189		231		138
Net income applicable to common stockholders	$	35,892	$	46,503	$	27,410
Total weighted-average basic shares outstanding	2,965.8		3,021.5		3,082.4
Net income per share	$	12.10	$	15.39	$	8.89
Diluted earnings per share
Net income applicable to common stockholders	$	35,892	$	46,503	$	27,410
Total weighted-average basic shares outstanding	2,965.8		3,021.5		3,082.4
Add: Dilutive impact of SARs and employee stock options, unvested PSUs and nondividend-earning RSUs	4.2		5.1		5.0
Total weighted-average diluted shares outstanding	2,970.0		3,026.6		3,087.4
Net income per share	$	12.09	$	15.36	$	8.88