Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 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	$	385			337
Dividends on preferred stock		9			9
Net income available to common shareholders		376			328
Less: Income allocated to participating securities		3			2
Net income allocated to common shareholders	$	373	914	0.41	326	915	0.36
Earnings per diluted share:
Net income available to common shareholders	$	376			328
Effect of dilutive securities:
Stock-based awards		-	5	-	-	4	-
Series G convertible preferred stock		9	36	(0.01)	9	36	(0.01)
Warrants related to Series F preferred stock		-	-	-	-	-	-
Net income available to common shareholders		385			337
plus assumed conversions
Less: Income allocated to participating securities		3			2
Net income allocated to common shareholders
plus assumed conversions	$	382	955	0.40	335	955	0.35
		2012			2011
For the six 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	$	815			602
Dividends on preferred stock		18			185
Net income available to common shareholders		797			417
Less: Income allocated to participating securities		5			2
Net income allocated to common shareholders	$	792	914	0.87	415	898	0.46
Earnings per diluted share:
Net income available to common shareholders	$	797			417
Effect of dilutive securities:
Stock-based awards		-	6	-	-	6	-
Series G convertible preferred stock		18	36	(0.02)	-	-	-
Warrants related to Series F preferred stock		-	-	-	-	4	-
Net income available to common shareholders		815			417
plus assumed conversions
Less: Income allocated to participating securities		5			3
Net income allocated to common shareholders
plus assumed conversions	$	810	956	0.85	414	908	0.46