Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2011

Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share

The calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share were as follows:

	2011							2010
For the three months ended June 30,			Average		Per Share					Average		Per Share
(in millions, except per share data)	Income		Shares		Amount			Income		Shares		Amount
Earnings per share:
Net income attributable to Bancorp	$	337							192
Dividends on preferred stock		9							62
Net income available to common shareholders		328							130
Less: Income allocated to participating securities		2							1
Net income allocated to common shareholders		326		915		0.36			129		791		0.16
Earnings per diluted share:
Net income available to common shareholders		328							130
Effect of dilutive securities:
Stock-based awards				4		—					5		—
Series G convertible preferred stock		9		36		(0.01	)		—		—		—
Warrant related to Series F preferred stock				—		—					6		—
Net income available to common shareholders plus assumed conversions		337							130
Less: Income allocated to participating securities		2							1
Net income allocated to common shareholders plus assumed conversions	$	335		955		0.35			129		802		0.16
	2011							2010
For the six months ended June 30,			Average		Per Share					Average		Per Share
(in millions, except per share data)	Income		Shares		Amount			Loss		Shares		Amount
Earnings per share:
Net income attributable to Bancorp	$	602							182
Dividends on preferred stock		185							125
Net income available to common shareholders		417							57
Less: Income allocated to participating securities		2							—
Net income allocated to common shareholders		415		898		0.46			57		791		0.07
Earnings per diluted share:
Net income available to common shareholders		417							57
Effect of dilutive securities:
Stock-based awards				6		—					5		—
Warrant related to Series F preferred stock				4		—					4		—
Net income available to common shareholders plus assumed conversions		417							57
Less: Income allocated to participating securities		3							—
Net income allocated to common shareholders plus assumed conversions	$	414		908		0.46			57		800		0.07