Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2012

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:

		2012			2011
For the three months ended March 31,			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	$	430			265
Dividends on preferred stock		9			177
Net income available to common shareholders		421			88
Less: Income allocated to participating securities		2			-
Net income allocated to common shareholders	$	419	915	0.46	88	881	0.10
Earnings per diluted share:
Net income available to common shareholders	$	421			88
Effect of dilutive securities:
Stock-based awards		-	6	-	-	7	-
Series G convertible preferred stock		9	36	(0.01)	-	-	-
Warrants related to Series F preferred stock		-	-	-	-	7	-
Net income available to common shareholders		430			88
plus assumed conversions
Less: Income allocated to participating securities		2			-
Net income allocated to common shareholders
plus assumed conversions	$	428	957	0.45	88	895	0.10