Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 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	$	439			591
Dividends on preferred stock		23			9
Net income available to common shareholders		416			582
Less: Income allocated to participating securities		4			4
Net income allocated to common shareholders	$	412	838	0.49	578	859	0.67
Earnings per diluted share:
Net income available to common shareholders	$	416			582
Effect of dilutive securities:
Stock-based awards		-	10		-	6
Series G convertible preferred stock		-	-		9	36
Net income available to common shareholders		416			591
plus assumed conversions
Less: Income allocated to participating securities		4			4
Net income allocated to common shareholders
plus assumed conversions	$	412	848	0.49	587	901	0.65
		2014			2013
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	$	756			1,013
Dividends on preferred stock		32			18
Net income available to common shareholders		724			995
Less: Income allocated to participating securities		6			7
Net income allocated to common shareholders	$	718	842	0.85	988	865	1.14
Earnings per diluted share:
Net income available to common shareholders	$	724			995
Effect of dilutive securities:
Stock-based awards		-	11		-	6
Series G convertible preferred stock		-	-		18	36
Net income available to common shareholders		724			1,013
plus assumed conversions
Less: Income allocated to participating securities		6			7
Net income allocated to common shareholders
plus assumed conversions	$	718	853	0.84	1,006	907	1.11