Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 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	$	381			238
Dividends on preferred stock		8			63
Net income available to common shareholders		373			175
Less: Income allocated to participating securities		2			1
Net income allocated to common shareholders		371	915	0.41	174	791	0.22
Earnings per diluted share:
Net income available to common shareholders		373			175
Effect of dilutive securities:
Stock-based awards			5	-		4	-
Series G convertible preferred stock		9	35	(0.01)	-	-	-
Warrant related to Series F preferred stock			-	-		2	-
Net income available to common shareholders		382	40	(0.01)	175	6	-
plus assumed conversions
Less: Income allocated to participating securities		2			1
Net income allocated to common shareholders
plus assumed conversions	$	380	955	0.40	174	797	0.22
		2011			2010
For the nine months ended September 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	$	983			420
Dividends on preferred stock		194			187
Net income available to common shareholders		789			233
Less: Income allocated to participating securities		4			1
Net income allocated to common shareholders		785	904	0.87	232	791	0.29
Earnings per diluted share:
Net income available to common shareholders		789			233
Effect of dilutive securities:
Stock-based awards			5	-		5	-
Series G convertible preferred stock		26	36	(0.01)	-	-	-
Warrant related to Series F preferred stock			2	-		3	-
Net income available to common shareholders		815	43	(0.01)	233	8	-
plus assumed conversions
Less: Income allocated to participating securities		4			1
Net income allocated to common shareholders
plus assumed conversions	$	811	947	0.86	232	799	0.29