Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share

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:
		2014			2013
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	$	318			422
Dividends on preferred stock		9			9
Net income available to common shareholders		309			413
Less: Income allocated to participating securities		3			3
Net income allocated to common shareholders	$	306	846	0.36	410	871	0.47
Earnings per diluted share:
Net income available to common shareholders	$	309			413
Effect of dilutive securities:
Stock-based awards		-	12		-	6
Series G convertible preferred stock		-	-		9	36
Net income available to common shareholders		309			422
plus assumed conversions
Less: Income allocated to participating securities		3			3
Net income allocated to common shareholders
plus assumed conversions	$	306	858	0.36	419	913	0.46